Franklin California High Yield Municipal Fund

New investors must invest in new Class A shares. This A1 share class is available only for existing investors as of 9/7/18.

New investors must invest in new Class A shares. This A1 share class is available only for existing investors as of 9/7/18.

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

Month EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/03/1993
Fund without Sales Charge (%) (NAV) 9.59 5.83 4.74 6.62 5.68
Fund with Sales Charge (%) (POP) 5.51 4.49 3.94 6.21 5.53
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.13
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/03/1993
Fund without Sales Charge (%) (NAV) 9.59 5.83 4.74 6.62 5.68
Fund with Sales Charge (%) (POP) 5.51 4.49 3.94 6.21 5.53
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.13

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 9.59 0.96 7.12 1.07 5.24 14.68 -3.71 13.41 14.55 4.94
Fund with Sales Charge (%) (POP) 5.51 -3.31 2.55 -3.22 0.82 9.84 -7.79 8.63 9.68 0.51
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 12/31/2019

Month 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) 9.59 9.59 18.52 26.07 89.80 336.54
Fund with Sales Charge (%) (POP) 5.51 5.51 14.08 21.31 82.74 320.15
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 279.63
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) 9.59 9.59 18.52 26.07 89.80 336.54
Fund with Sales Charge (%) (POP) 5.51 5.51 14.08 21.31 82.74 320.15
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

No chart available for this data.
Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold
Fund without Sales Charge (%) (NAV) After Shares Sold
Fund with Sales Charge (%) (POP) Before Shares Sold
Fund with Sales Charge (%) (POP) After Shares Sold
No chart available for this data.
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold
Fund without Sales Charge (%) (NAV) After Shares Sold
Fund with Sales Charge (%) (POP) Before Shares Sold
Fund with Sales Charge (%) (POP) After Shares Sold

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

Gross Expense Ratio 0.68%
Net Expense Ratio [further-information] 0.68%
Max Initial Sales Charge 3.75%
CDSC 0.75%

Volatility Measures [further-information] As of 12/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 1.44
Standard Deviation 2.93

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index