As of 03/10/2014
Average Annual Total Returns
|w/ Sales Charge|
Expense Ratio and Sales Charge As of 10/01/2013 (updated annually)
|Gross Expense Ratio5||0.61%|
|Net Expense Ratio||0.61%|
|Max Initial Sales Charge||4.25%|
In February, Franklin California High Yield Municipal Fund adjusted its dividends as follows: Class A from 4.10 to 4.15 cents per share; Class C from 3.66 to 3.71 cents per share and Advisor Class from 4.18 to 4.23 cents per share. Dividends vary based on the fund's income. Past dividends are not indicative of future trends.
As of 02/28/2014
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.