Franklin California High Yield Municipal Fund

Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 10/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 05/03/1993
Fund without Sales Charge (%) (NAV) 11.00 4.20 5.00 6.60 5.69
Fund with Sales Charge (%) (POP) 6.84 2.88 4.20 6.20 5.54
Bloomberg Barclays Municipal Bond Index (%) 9.42 3.62 3.55 4.40 5.14
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 05/03/1993
Fund without Sales Charge (%) (NAV) 9.79 3.65 5.22 6.34 5.71
Fund with Sales Charge (%) (POP) 5.67 2.34 4.42 5.94 5.55
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.15

Calendar Year Returns

2018
Fund without Sales Charge (%) (NAV) 1.09
Fund with Sales Charge (%) (POP) -3.21
Bloomberg Barclays Municipal Bond Index (%) 1.28

Cumulative Total Returns [further-information] As of 09/30/2019

Month EndAs of 10/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/03/1993
Fund without Sales Charge (%) (NAV) 9.06 11.00 13.12 27.65 89.56 333.36
Fund with Sales Charge (%) (POP) 4.98 6.84 8.88 22.86 82.45 317.10
Bloomberg Barclays Municipal Bond Index (%) 6.94 9.42 11.24 19.08 53.88 277.53
Quarter EndAs of 09/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/03/1993
Fund without Sales Charge (%) (NAV) 9.08 9.79 11.35 28.98 84.99 333.40
Fund with Sales Charge (%) (POP) 4.99 5.67 7.17 24.14 78.05 317.15
Bloomberg Barclays Municipal Bond Index (%) 6.75 8.55 9.88 19.68 50.38 276.86

After-Tax Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 10/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 11.00 4.20 5.00 6.60
Fund without Sales Charge (%) (NAV) After Shares Sold 8.01 4.04 4.73 6.21
Fund with Sales Charge (%) (POP) Before Shares Sold 6.84 2.88 4.20 6.20
Fund with Sales Charge (%) (POP) After Shares Sold 5.49 3.01 4.08 5.86
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 9.79 3.65 5.22 6.34
Fund without Sales Charge (%) (NAV) After Shares Sold 7.28 3.61 4.90 5.99
Fund with Sales Charge (%) (POP) Before Shares Sold 5.67 2.33 4.42 5.94
Fund with Sales Charge (%) (POP) After Shares Sold 4.79 2.59 4.26 5.64

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 0.75%

Volatility Measures [further-information] As of 10/31/2019 Updated Monthly, based on a 3-year period

Beta 1.24
Sharpe Ratio 0.60
Standard Deviation 4.39

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index