Franklin California High Yield Municipal Fund

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 05/01/1996
Fund without Sales Charge (%) (NAV) 11.98 6.15 4.67 6.18 5.26
Fund with Sales Charge (%) (POP) 10.98 6.15 4.67 6.18 5.26
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.18
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/1996
Fund without Sales Charge (%) (NAV) 9.03 5.24 4.17 6.03 5.12
Fund with Sales Charge (%) (POP) 8.03 5.24 4.17 6.03 5.12
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.08

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 9.03 0.39 6.47 0.60 4.64 14.07 -4.31 12.92 13.86 4.33
Fund with Sales Charge (%) (POP) 8.03 -0.58 5.47 -0.37 3.64 13.07 -5.23 11.92 12.86 3.34
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 05/01/1996
Fund without Sales Charge (%) (NAV) 4.04 11.98 19.61 25.64 82.12 239.35
Fund with Sales Charge (%) (POP) 3.04 10.98 19.61 25.64 82.12 239.35
Bloomberg Barclays Municipal Bond Index (%) 3.11 9.46 16.83 21.75 55.38 233.00
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/1996
Fund without Sales Charge (%) (NAV) 9.03 9.03 16.54 22.69 79.64 226.17
Fund with Sales Charge (%) (POP) 8.03 8.03 16.54 22.69 79.64 226.17
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 222.96

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 11.98 6.15 4.67 6.18
Fund without Sales Charge (%) (NAV) After Shares Sold 8.29 5.44 4.31 5.72
Fund with Sales Charge (%) (POP) Before Shares Sold 10.98 6.15 4.67 6.18
Fund with Sales Charge (%) (POP) After Shares Sold 7.70 5.44 4.31 5.72
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 9.03 5.24 4.17 6.03
Fund without Sales Charge (%) (NAV) After Shares Sold 6.61 4.75 3.95 5.62
Fund with Sales Charge (%) (POP) Before Shares Sold 8.03 5.24 4.17 6.03
Fund with Sales Charge (%) (POP) After Shares Sold 6.01 4.75 3.95 5.62

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

Gross Expense Ratio 1.23%
Net Expense Ratio [further-information] 1.23%
Max Initial Sales Charge 0.00%
CDSC 1.00%

Volatility Measures [further-information] As of 02/29/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 1.41
Standard Deviation 3.18

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index