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 ...
Over the quarter, Franklin California Intermediate-Term Tax-Free Income Fund underperformed its benchmark, the Linked Bloomberg Muni M.F. CA Intermediate/10-Year Muni Bond Index. The fund’s yield ...
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