Franklin CA Tax-Free Income A (FKTFX) a Zacks Ranked #1 (Strong Buy) invests the majority of its total assets in investment grade municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax, and from California personal income taxes. FKTFX may also invest up to 35% of its total assets in municipal securities issued by U.S. territories The Franklin CA Tax-Free Income A fund, managed by Franklin/Temp, carries an expense ratio of 0.57. Moreover, FKTFX requires a minimal initial investment of $1,000. FKTFX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 5.74%, 3 year 4.56%, and 5 year 7.27%. To see how this fund performed compared in its category, please click here. FKTFX’s performance, as of the last filing, when compared to funds in its category was in the top 28% in 1 year, top 12% over the past 3 years, and in the 17% over the past 5 years. Zacks Premium To see the Zacks Mutual Fund Rank for the funds you’re interested in —plus, gain access to the Zacks Rank for your stocks and ETFs; Premium Screens; Equity Research Reports; Focus List portfolio of 50-longer-term stocks and more— start your 30-day free trial to Zacks Premium. View All Zacks #1 Ranked Mutual FundsWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (FKTFX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research