Franklin California High Yield Municipal Fund

Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/03/1993
Fund without Sales Charge (%) (NAV) 2.25 4.12 3.66 6.06 5.55
Fund with Sales Charge (%) (POP) 2.25 4.12 3.66 6.06 5.55
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.06
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/03/1993
Fund without Sales Charge (%) (NAV) 2.25 4.12 3.66 6.06 5.55
Fund with Sales Charge (%) (POP) 2.25 4.12 3.66 6.06 5.55
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.06

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 9.70 1.16 7.30
Fund with Sales Charge (%) (POP) 9.70 1.16 7.30
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45

Cumulative Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/03/1993
Fund without Sales Charge (%) (NAV) -3.48 2.25 12.87 19.70 80.12 328.20
Fund with Sales Charge (%) (POP) -3.48 2.25 12.87 19.70 80.12 328.20
Bloomberg Barclays Municipal Bond Index (%) -0.63 3.85 12.35 17.00 50.11 277.24
Quarter EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/03/1993
Fund without Sales Charge (%) (NAV) -3.48 2.25 12.87 19.70 80.12 328.20
Fund with Sales Charge (%) (POP) -3.48 2.25 12.87 19.70 80.12 328.20
Bloomberg Barclays Municipal Bond Index (%) -0.63 3.85 12.35 17.00 50.11 277.24

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.25 4.12 3.66 6.06
Fund without Sales Charge (%) (NAV) After Shares Sold 2.80 4.05 3.71 5.79
Fund with Sales Charge (%) (POP) Before Shares Sold 2.25 4.12 3.66 6.06
Fund with Sales Charge (%) (POP) After Shares Sold 2.80 4.05 3.71 5.79
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.25 4.12 3.66 6.06
Fund without Sales Charge (%) (NAV) After Shares Sold 2.80 4.05 3.71 5.79
Fund with Sales Charge (%) (POP) Before Shares Sold 2.25 4.12 3.66 6.06
Fund with Sales Charge (%) (POP) After Shares Sold 2.80 4.05 3.71 5.79

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 03/31/2020 Updated Monthly, based on a 3-year period

Beta 1.51
Sharpe Ratio 0.43
Standard Deviation 5.51

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index