Franklin California Ultra-Short Tax-Free Income Fund — new fund registration

FRANKLIN CALIFORNIA TAX FREE TRUST registered 1 new fund series on Form 485APOS, filed 2015-10-29. Featured series: Franklin California Ultra-Short Tax-Free Income Fund.

Registration

Registrant / trust: FRANKLIN CALIFORNIA TAX FREE TRUST
CIK: 0000773478
Form: 485APOS
Filed: 2015-10-29
State of incorporation: DE
Accession: 0000773478-15-000017

Series & classes (2)

Series	Class	Ticker	New
Franklin California Ultra-Short Tax-Free Income Fund	Advisor Class	—	Yes
Franklin California Ultra-Short Tax-Free Income Fund	Class A1	—	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.00%
Gross expense ratio: 0.89%
Management fee: 0.63%
Net expense ratio: 0.37%
Other expenses: 0.26%

Investment objective

To provide investors with as high a level of income exempt from federal income taxes and California personal income taxes as is consistent with prudent investment management and the preservation of shareholders' capital.

Advisers

Franklin Advisers, Inc. (Advisor)