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 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/03/1993
Fund without Sales Charge (%) (NAV) 12.57 6.75 5.25 6.76 5.81
Fund with Sales Charge (%) (POP) 8.31 5.41 4.45 6.36 5.66
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) 9.59 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 -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 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) 4.16 12.57 21.64 29.13 92.43 354.71
Fund with Sales Charge (%) (POP) 0.23 8.31 17.13 24.30 85.21 337.64
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) 9.59 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

Month EndAs of 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 12.57 6.75 5.25 6.76
Fund without Sales Charge (%) (NAV) After Shares Sold 8.88 6.04 4.89 6.32
Fund with Sales Charge (%) (POP) Before Shares Sold 8.31 5.41 4.45 6.36
Fund with Sales Charge (%) (POP) After Shares Sold 6.30 4.98 4.25 5.97
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 9.59 5.83 4.74 6.62
Fund without Sales Charge (%) (NAV) After Shares Sold 7.18 5.35 4.52 6.22
Fund with Sales Charge (%) (POP) Before Shares Sold 5.51 4.49 3.94 6.21
Fund with Sales Charge (%) (POP) After Shares Sold 4.71 4.29 3.87 5.88

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 03/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio
Standard Deviation

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index