Franklin CA Tax-Free Inc Adv  FCAVX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Muni California Long Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Avg Duration
   ---
   Avg Credit Quality
   AA
As of 2009-09-30
Day Change
$ 0.00
  
NAV (2009-11-20)
$ 6.91
  
YTD Return % (2009-11-20)
16.10%
  
Total Assets ($ mil)
14,186
View Data Definitions
  Performance    
Growth of $10,000 Fund: Franklin CA Tax-Free Inc Adv
(from 2001-10-01 to 2009-10-31) Category: Muni California Long
Index: BarCap Municipal TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 2001-10-01 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 16.10 12.81 2.79 3.99 --- 4.40
+/- Category -0.63 -0.85 1.20 1.23 --- ---
+/- BarCap Municipal TR USD 3.96 1.14 -1.46 -0.37 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 19.66 14.61 4.14 4.81 --- 4.80
Month-End (as of 2009-10-31) 16.46 14.90 2.98 4.02 --- 4.40
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 14.90 2.97 4.01 --- ---
On Distribution & Sale of Shares --- 11.59 3.23 4.12 --- ---
Morningstar Rating --- --- --- ---
# of compared funds covered (3 yrs : out of 152 funds), (5 yrs : out of 141 funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
General Obligations 16.01
Advance Refunded 11.13
State Appropriated Tobacco 1.25
Non-state Appropriated Tobacco 4.91
Education 2.92
Health 14.86
Housing 1.60
Industrial 0.59
Transportation 25.72
Utilities 2.96
Water/Sewer 9.42
Misc. Revenue 8.64
Bond Quality % of Bonds
AAA 35.7
AA 15.7
A 27.7
BBB 14.1
BB 5.5
B 0.0
Below B 0.0
Not Rated 1.4
 
Asset Allocation
% of Net Assets
Cash 2.8
Stocks 0.0
Bonds 97.1
Other 0.1
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings Turnover % 11
Total Number of Bond Holdings 842 30 Day SEC Yield % 3.89
% of Assets in Top 10 Holdings 12.07 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
Foothill / Eastern Transn Corr Tol 5.75% 2040-01-15 395,510 388,237 2.65
San Joaquin Hills Calif Transn Rev 5.5% 2028-01-15 247,300 231,062 1.58
Los Angeles Calif Uni Sch Dist 5% 2028-01-01 170,250 194,100 1.32
California Statewide Cmntys De Rev 5.25% 2045-03-01 177,235 179,768 1.23
Golden St Tob Securitization C As 5.625% 2038-06-01 138,000 158,013 1.08
CALIFORNIA HEALTH FACS FING AU REV BDS 2024-06-01 136,775 138,046 0.94
Tobacco Securitization Auth 5.625% 2043-06-01 123,165 137,951 0.94
California Health Facs Fing Au Rev Bd 5% 2028-07-01 117,175 117,170 0.80
Foothill / Eastern Transn Corr To 5.875% 2029-01-15 112,230 113,184 0.77
SAN DIEGO CNTY CALIF WTR AUTH COPS 2034-05-01 106,705 110,904 0.76
Data through 2009-09-30
  Other Information
Fund Inception: 2001-10-01
Portfolio Manager  (Start Date)
John Wiley  (1991-08-01)
Wiley has been an analyst or portfolio manager with Franklin Templeton Investments, his employer since 1989. He holds the Chartered Financial Analyst designation.
Christopher S. Sperry  (2000-12-31)
Sperry has been an analyst or portfolio manager of Franklin Templeton Investments, his employer since 1996. Sperry holds the Chartered Financial Analyst designation.
Sales Charge %
(taken from prospectus dated 2009-08-01)
Front: None
Deferred: None
Expense Ratio % 0.48
based on net assets
(taken from annual report dated 2009-03-31)
Correspondence Information

One Franklin Parkway
San Mateo,  CA  94403-1906
USA
Telephone:
800-632-2301
650-312-2000
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.