Franklin California High Yield Municipal Fund

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

Month EndAs of 10/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 05/03/1993
Fund without Sales Charge (%) (NAV) 11.20 4.34 5.13 6.73 5.77
Fund with Sales Charge (%) (POP) 11.20 4.34 5.13 6.73 5.77
Bloomberg Barclays Municipal Bond Index (%) 9.42 3.62 3.55 4.40 5.14
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) 9.97 3.81 5.36 6.48 5.79
Fund with Sales Charge (%) (POP) 9.97 3.81 5.36 6.48 5.79
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.15

Calendar Year Returns

2018 2017
Fund without Sales Charge (%) (NAV) 1.16 7.30
Fund with Sales Charge (%) (POP) 1.16 7.30
Bloomberg Barclays Municipal Bond Index (%) 1.28 5.45

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

Month EndAs of 10/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/03/1993
Fund without Sales Charge (%) (NAV) 9.21 11.20 13.59 28.43 91.85 341.63
Fund with Sales Charge (%) (POP) 9.21 11.20 13.59 28.43 91.85 341.63
Bloomberg Barclays Municipal Bond Index (%) 6.94 9.42 11.24 19.08 53.88 277.53
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) 9.29 9.97 11.89 29.85 87.36 341.96
Fund with Sales Charge (%) (POP) 9.29 9.97 11.89 29.85 87.36 341.96
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 10/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 11.20 4.34 5.13 6.73
Fund without Sales Charge (%) (NAV) After Shares Sold 8.24 4.19 4.86 6.34
Fund with Sales Charge (%) (POP) Before Shares Sold 11.20 4.34 5.13 6.73
Fund with Sales Charge (%) (POP) After Shares Sold 8.24 4.19 4.86 6.34
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 9.97 3.81 5.36 6.48
Fund without Sales Charge (%) (NAV) After Shares Sold 7.51 3.78 5.05 6.12
Fund with Sales Charge (%) (POP) Before Shares Sold 9.97 3.81 5.36 6.48
Fund with Sales Charge (%) (POP) After Shares Sold 7.51 3.78 5.05 6.12

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

Gross Expense Ratio 0.57%
Net Expense Ratio [further-information] 0.55%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 10/31/2019 Updated Monthly, based on a 3-year period

Beta 1.25
Sharpe Ratio 0.61
Standard Deviation 4.40

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index