The Franklin California Intermediate-Term Tax-Free Income Fund outperformed its benchmark in Q2 2026 as muni demand stayed ...
The fund has returned 4.52 percent over the past year, 3.40 percent over the past three years, 1.04 percent over the past five years and 2.01 percent over the past decade.
In Q3 2025, a new issuance of municipal bonds exceeded the average seen in the past few years, driven by a 34% YoY surge in July issuance, per Bloomberg. Over the quarter, Franklin California ...