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 05/03/1993
Fund without Sales Charge (%) (NAV) 12.76 6.87 5.36 6.88 5.86
Fund with Sales Charge (%) (POP) 12.76 6.87 5.36 6.88 5.86
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) 9.68 5.95 4.85 6.73 5.74
Fund with Sales Charge (%) (POP) 9.68 5.95 4.85 6.73 5.74
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) 9.68 1.14 7.20 1.17 5.35 14.87 -3.70 13.61 14.65 5.04
Fund with Sales Charge (%) (POP) 9.68 1.14 7.20 1.17 5.35 14.87 -3.70 13.61 14.65 5.04
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) 4.17 12.76 22.04 29.80 94.48 361.43
Fund with Sales Charge (%) (POP) 4.17 12.76 22.04 29.80 94.48 361.43
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) 9.68 9.68 18.92 26.74 91.83 342.96
Fund with Sales Charge (%) (POP) 9.68 9.68 18.92 26.74 91.83 342.96
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 12.76 6.87 5.36 6.88
Fund without Sales Charge (%) (NAV) After Shares Sold 9.04 6.15 5.00 6.43
Fund with Sales Charge (%) (POP) Before Shares Sold 12.76 6.87 5.36 6.88
Fund with Sales Charge (%) (POP) After Shares Sold 9.04 6.15 5.00 6.43
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 9.68 5.95 4.85 6.73
Fund without Sales Charge (%) (NAV) After Shares Sold 7.27 5.46 4.63 6.34
Fund with Sales Charge (%) (POP) Before Shares Sold 9.68 5.95 4.85 6.73
Fund with Sales Charge (%) (POP) After Shares Sold 7.27 5.46 4.63 6.34

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

Gross Expense Ratio 0.58%
Net Expense Ratio [further-information] 0.58%
Max Initial Sales Charge 0.00%
CDSC

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

Sharpe Ratio 1.63
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