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 09/30/2019

Month EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 05/03/1993
Fund without Sales Charge (%) (NAV) 9.87 3.65 5.23 6.34 5.72
Fund with Sales Charge (%) (POP) 5.79 2.34 4.43 5.93 5.57
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) 9.87 3.65 5.23 6.34 5.72
Fund with Sales Charge (%) (POP) 5.79 2.34 4.43 5.93 5.57
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.15

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 0.96 7.12 1.07 5.24 14.68 -3.71 13.41 14.55 4.94 28.24
Fund with Sales Charge (%) (POP) -3.31 2.55 -3.22 0.82 9.84 -7.79 8.63 9.68 0.51 22.84
Bloomberg Barclays Municipal Bond Index (%) 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38 12.91

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

Month 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) 9.22 9.87 11.35 29.01 84.89 335.03
Fund with Sales Charge (%) (POP) 5.15 5.79 7.18 24.17 77.89 318.71
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) 9.22 9.87 11.35 29.01 84.89 335.03
Fund with Sales Charge (%) (POP) 5.15 5.79 7.18 24.17 77.89 318.71
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 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 9.87 3.65 5.23 6.34
Fund without Sales Charge (%) (NAV) After Shares Sold 7.40 3.62 4.92 5.98
Fund with Sales Charge (%) (POP) Before Shares Sold 5.79 2.34 4.43 5.93
Fund with Sales Charge (%) (POP) After Shares Sold 4.92 2.60 4.27 5.63
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 9.87 3.65 5.23 6.34
Fund without Sales Charge (%) (NAV) After Shares Sold 7.40 3.62 4.92 5.98
Fund with Sales Charge (%) (POP) Before Shares Sold 5.79 2.34 4.43 5.93
Fund with Sales Charge (%) (POP) After Shares Sold 4.92 2.60 4.27 5.63

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 10/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.59
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