FKTQX

About FKTQX

Franklin California Tax-Free Income Fund Class R6 is a mutual fund designed primarily to provide investors with a high level of income that is exempt from both regular federal income taxes and California personal income taxes. The fund achieves this by investing at least 80% of its total assets in investment-grade municipal securities, whose interest payments are free of these taxes. It manages a diversified portfolio with over 1,000 holdings, mainly targeting the California municipal bond market, which supports local infrastructure, public services, and development projects within the state. This tax-advantaged income strategy is especially relevant for investors seeking to preserve after-tax returns, particularly those residing in California. The fund is managed with an above average performance rating and an average risk profile, making it a recognized vehicle in the municipal California long-duration category. Its substantial asset base and regular monthly dividend distributions highlight its role as a key instrument for investors seeking stable and tax-efficient income solutions within the broader U.S. municipal bond market.