Franklin California High Yield Municipal Fund

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 05/01/1996
Fund without Sales Charge (%) (NAV) 9.30 3.08 4.65 5.76 5.17
Fund with Sales Charge (%) (POP) 8.30 3.08 4.65 5.76 5.17
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 05/01/1996
Fund without Sales Charge (%) (NAV) 9.30 3.08 4.65 5.76 5.17
Fund with Sales Charge (%) (POP) 8.30 3.08 4.65 5.76 5.17
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.10

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 0.39 6.47 0.60 4.64 14.07 -4.31 12.92 13.86 4.33 27.73
Fund with Sales Charge (%) (POP) -0.58 5.47 -0.37 3.64 13.07 -5.23 11.92 12.86 3.34 26.73
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 05/01/1996
Fund without Sales Charge (%) (NAV) 8.81 9.30 9.53 25.53 75.02 225.49
Fund with Sales Charge (%) (POP) 7.81 8.30 9.53 25.53 75.02 225.49
Quarter EndAs of 09/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/1996
Fund without Sales Charge (%) (NAV) 8.81 9.30 9.53 25.53 75.02 225.49
Fund with Sales Charge (%) (POP) 7.81 8.30 9.53 25.53 75.02 225.49
Bloomberg Barclays Municipal Bond Index (%) 6.75 8.55 9.88 19.68 50.38 220.60

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 9.30 3.08 4.65 5.76
Fund without Sales Charge (%) (NAV) After Shares Sold 6.81 3.06 4.34 5.39
Fund with Sales Charge (%) (POP) Before Shares Sold 8.30 3.08 4.65 5.76
Fund with Sales Charge (%) (POP) After Shares Sold 6.22 3.06 4.34 5.39
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 9.30 3.08 4.65 5.76
Fund without Sales Charge (%) (NAV) After Shares Sold 6.81 3.06 4.34 5.39
Fund with Sales Charge (%) (POP) Before Shares Sold 8.30 3.08 4.65 5.76
Fund with Sales Charge (%) (POP) After Shares Sold 6.22 3.06 4.34 5.39

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

Sharpe Ratio 0.48
Standard Deviation 4.34

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index