Franklin California High Yield Municipal Fund

Scorecard
5 / 5 Stars
Lipper
5 5 2 4 5
Zacks Investment Research
2 (Buy)
Standard & Poor's
4 / 5 Stars
TheStreet.com
B (Buy)

#5 in Muni California Long

U.S. News evaluated 34 Muni California Long Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned -0.87 percent over the past year, 9.53 percent over the past three years, 10.32 percent over the past five years, and 5.09 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 4.4%
1 Year -0.9%
3 Years (Annualized) 9.5%
5 Years (Annualized) 10.3%
10 Years (Annualized) 5.1%

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Summary

The investment seeks a high level of income exempt from federal and California personal income taxes; capital appreciation is a secondary consideration. The fund invests at least 80% of its net assets in municipal securities whose interest is free from regular federal income taxes and from California personal income taxes. It also may have up to 100% of its assets in securities that pay interest subject to the federal alternative minimum tax. The fund also may invest up to 35% of its total assets in municipal securities issued by U.S. territories, such as Puerto Rico.

Fees

Fees are Above Average compared to funds in the same category.
Franklin California High Yield Municipal Fund has an expense ratio of 0.61 percent.

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Risk

Risk is High compared to funds in the same category according to Morningstar.

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See Also:

Top Franklin Templeton Investments Funds