Franklin California High Yield Municipal Fund

Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/03/1993
Fund without Sales Charge (%) (NAV) 0.68 3.43 4.09 5.83 5.55
Fund with Sales Charge (%) (POP) 0.68 3.43 4.09 5.83 5.55
Bloomberg Barclays Municipal Bond Index (%) 3.98 3.81 3.74 4.14 5.10
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/03/1993
Fund without Sales Charge (%) (NAV) 2.22 4.07 3.63 6.03 5.55
Fund with Sales Charge (%) (POP) 2.22 4.07 3.63 6.03 5.55
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.06

After-Tax Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 0.68 3.43 4.09 5.83
Fund without Sales Charge (%) (NAV) After Shares Sold 1.79 3.50 4.03 5.58
Fund with Sales Charge (%) (POP) Before Shares Sold 0.68 3.43 4.09 5.83
Fund with Sales Charge (%) (POP) After Shares Sold 1.79 3.50 4.03 5.58
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.22 4.07 3.63 6.03
Fund without Sales Charge (%) (NAV) After Shares Sold 2.76 4.01 3.68 5.77
Fund with Sales Charge (%) (POP) Before Shares Sold 2.22 4.07 3.63 6.03
Fund with Sales Charge (%) (POP) After Shares Sold 2.76 4.01 3.68 5.77

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 9.68 1.14 7.20 1.17 5.35 14.87 -3.70 13.61 14.65 5.04
Fund with Sales Charge (%) (POP) 9.68 1.14 7.20 1.17 5.35 14.87 -3.70 13.61 14.65 5.04
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38

Cumulative Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/03/1993
Fund without Sales Charge (%) (NAV) -6.30 -2.39 0.68 10.66 22.18 76.23 332.37
Fund with Sales Charge (%) (POP) -6.30 -2.39 0.68 10.66 22.18 76.23 332.37
Bloomberg Barclays Municipal Bond Index (%) -1.81 1.24 3.98 11.87 20.17 49.98 284.36
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/03/1993
Fund without Sales Charge (%) (NAV) -3.49 -3.49 2.22 12.70 19.52 79.60 327.51
Fund with Sales Charge (%) (POP) -3.49 -3.49 2.22 12.70 19.52 79.60 327.51
Bloomberg Barclays Municipal Bond Index (%) -0.63 -0.63 3.85 12.35 17.00 50.11 277.24

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 6.07 5.63 5.64
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.88 3.75 3.81
Sharpe Ratio 0.42 0.62 0.97
Information Ratio -0.02 0.30 0.81
Tracking Error 2.65 2.30 2.27

ADDITIONAL RISK STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.21 1.21 1.28
Beta Bear 2.16 1.81 1.71
Bull Bear Capture Ratio 0.84 0.94 1.06
Gains/Losses 1.84 2.05 2.31

SALES CHARGE, EXPENSES & FEES As of 10/01/2019 (updated annually)

Gross Expense Ratio 0.58%
Net Expense Ratio [further-information] 0.58%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 06/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.42
Standard Deviation 6.07

Benchmarks

A benchmark is a comparable broad-based index that can be used to evaluate a fund's performance.

  • Bloomberg Barclays Municipal Bond Index