As of 11/24/2015
Average Annual Total Returns
|w/ Sales Charge|
Expense Ratio and Sales Charge As of 10/01/2015 (updated annually)
|Gross Expense Ratio5||0.63%|
|Net Expense Ratio||0.63%|
|Max Initial Sales Charge||4.25%|
In December 2015, Franklin California High Yield Municipal Fund will adjust its dividends as follows: Class A from $0.0355 to $0.0350 per share; Class C from $0.0308 to $0.0300 per share and Advisor Class from $0.0363 to $0.0358 per share. Dividends vary based on the fund's income. Past dividends are not indicative of future trends.
To view Puerto Rico holdings information as of October 31, 2015, please click here.
As of 10/31/2015
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.