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 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) 0.58 3.31 3.98 5.73 5.50
Fund with Sales Charge (%) (POP) -3.18 2.01 3.19 5.32 5.35
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) 2.12 3.94 3.52 5.92 5.49
Fund with Sales Charge (%) (POP) -1.69 2.64 2.73 5.51 5.34
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.06

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 -2.79 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 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) -2.44 0.58 10.26 21.53 74.52 325.88
Fund with Sales Charge (%) (POP) -6.13 -3.18 6.16 17.02 67.91 309.89
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) -3.52 2.12 12.30 18.87 77.68 321.15
Fund with Sales Charge (%) (POP) -7.17 -1.69 8.14 14.44 70.99 305.34
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 0.58 3.31 3.98 5.73
Fund without Sales Charge (%) (NAV) After Shares Sold 1.68 3.39 3.93 5.48
Fund with Sales Charge (%) (POP) Before Shares Sold -3.18 2.01 3.19 5.32
Fund with Sales Charge (%) (POP) After Shares Sold -0.59 2.37 3.30 5.13
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.12 3.94 3.52 5.92
Fund without Sales Charge (%) (NAV) After Shares Sold 2.66 3.89 3.57 5.65
Fund with Sales Charge (%) (POP) Before Shares Sold -1.69 2.64 2.73 5.51
Fund with Sales Charge (%) (POP) After Shares Sold 0.36 2.88 2.95 5.30

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 1.00%

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

Sharpe Ratio 0.40
Standard Deviation 6.04

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index