As of 07/30/2015
Average Annual Total Returns
|w/ Sales Charge|
Expense Ratio and Sales Charge As of 10/01/2014 (updated annually)
|Gross Expense Ratio5||0.63%|
|Net Expense Ratio||0.63%|
|Max Initial Sales Charge||4.25%|
In August, Franklin California High Yield Municipal Fund will adjust its dividends as follows: Class A from $0.0360 to $0.0355 per share; Class C from $0.0312 to $0.0307 per share; Advisor Class from $0.0369 to $0.0364 per share. Dividends vary based on the fund's income. Past dividends are not indicative of future trends.
As of 06/30/2015
Strategy, Benefits, Results
i. For investors subject to the alternative minimum tax, a portion of fund dividends may be taxable. Distributions of capital gains are generally taxable.
Investing in the Fund
What Are the Risks?
How Financial Advisors Help You
Speak to your financial advisor about whether this fund is appropriate for you. If you don't have a financial advisor, request a referral.