Franklin California High Yield Municipal Fund

Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/03/1993
Fund without Sales Charge (%) (NAV) 12.38 6.72 5.23 6.76 5.79
Fund with Sales Charge (%) (POP) 8.17 5.37 4.43 6.35 5.64
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.22
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/03/1993
Fund without Sales Charge (%) (NAV) 9.41 5.81 4.73 6.62 5.66
Fund with Sales Charge (%) (POP) 5.31 4.47 3.93 6.21 5.51
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.13

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 12/31/2019

Month EndAs of 02/29/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/03/1993
Fund without Sales Charge (%) (NAV) 4.13 12.38 21.55 29.02 92.30 352.70
Fund with Sales Charge (%) (POP) 0.23 8.17 17.00 24.18 85.08 335.72
Bloomberg Barclays Municipal Bond Index (%) 3.11 9.46 16.83 21.75 55.38 291.44
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/03/1993
Fund without Sales Charge (%) (NAV) 9.41 9.41 18.47 26.00 89.85 334.74
Fund with Sales Charge (%) (POP) 5.31 5.31 14.02 21.27 82.73 318.44
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 279.63

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 12.38 6.72 5.23 6.76
Fund without Sales Charge (%) (NAV) After Shares Sold 8.70 6.00 4.87 6.31
Fund with Sales Charge (%) (POP) Before Shares Sold 8.17 5.37 4.43 6.35
Fund with Sales Charge (%) (POP) After Shares Sold 6.16 4.93 4.22 5.95
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 9.42 5.81 4.73 6.62
Fund without Sales Charge (%) (NAV) After Shares Sold 7.01 5.32 4.50 6.22
Fund with Sales Charge (%) (POP) Before Shares Sold 5.31 4.47 3.93 6.21
Fund with Sales Charge (%) (POP) After Shares Sold 4.52 4.26 3.86 5.87

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 02/29/2020 Updated Monthly, based on a 3-year period

Beta 1.16
Sharpe Ratio 1.59
Standard Deviation 3.18

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index