Franklin California Tax-Free Income Fund Class R6 (FKTQX)

The Franklin California Tax-Free Income Fund Class R6 (FKTQX) is a mutual fund that primarily invests in tax-exempt municipal bonds issued by the state of California. This fund aims to provide investors with a steady stream of tax-free income while also preserving the capital invested. As a Class R6 fund, it is designed for institutional investors and has a lower expense ratio compared to other share classes. This fund is suitable for investors seeking tax-free income and are willing to take on moderate levels of risk.