Franklin California High Yield Municipal Fund

Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/03/1993
Fund without Sales Charge (%) (NAV) 0.43 3.28 3.95 5.72 5.48
Fund with Sales Charge (%) (POP) -3.33 1.97 3.16 5.32 5.33
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) 1.96 3.92 3.50 5.92 5.47
Fund with Sales Charge (%) (POP) -1.86 2.60 2.71 5.51 5.32
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.06

Calendar Year Returns

2019 2018
Fund without Sales Charge (%) (NAV) 9.41 1.09
Fund with Sales Charge (%) (POP) 5.31 -2.70
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28

Cumulative Total Returns [further-information] As of 03/31/2020

Month EndAs of 05/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/03/1993
Fund without Sales Charge (%) (NAV) -2.49 0.43 10.16 21.40 74.42 323.89
Fund with Sales Charge (%) (POP) -6.15 -3.33 6.03 16.85 67.88 308.00
Bloomberg Barclays Municipal Bond Index (%) 1.24 3.98 11.87 20.17 49.98 284.36
Quarter EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/03/1993
Fund without Sales Charge (%) (NAV) -3.55 1.96 12.22 18.77 77.68 319.29
Fund with Sales Charge (%) (POP) -7.17 -1.86 8.02 14.32 71.02 303.57
Bloomberg Barclays Municipal Bond Index (%) -0.63 3.85 12.35 17.00 50.11 277.24

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 0.43 3.28 3.95 5.72
Fund without Sales Charge (%) (NAV) After Shares Sold 1.54 3.34 3.90 5.47
Fund with Sales Charge (%) (POP) Before Shares Sold -3.33 1.97 3.16 5.32
Fund with Sales Charge (%) (POP) After Shares Sold -0.74 2.32 3.27 5.13
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.96 3.92 3.50 5.92
Fund without Sales Charge (%) (NAV) After Shares Sold 2.50 3.85 3.55 5.65
Fund with Sales Charge (%) (POP) Before Shares Sold -1.86 2.60 2.71 5.51
Fund with Sales Charge (%) (POP) After Shares Sold 0.19 2.83 2.92 5.30

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

Gross Expense Ratio 0.83%
Net Expense Ratio [further-information] 0.83%
Max Initial Sales Charge 3.75%
CDSC 1.00%

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

Beta 1.48
Sharpe Ratio 0.40
Standard Deviation 6.03

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index