Average Annual Total Returns [further-information] As of 11/30/2019

Month EndAs of 11/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/13/1982
Fund without Sales Charge (%) (NAV) 7.65 3.26 2.39 3.34 6.14
Fund with Sales Charge (%) (POP) 3.61 1.95 1.61 2.95 6.03
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 8.09 4.71 3.42 4.14 6.86
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/13/1982
Fund without Sales Charge (%) (NAV) 7.85 2.23 2.53 3.16 6.17
Fund with Sales Charge (%) (POP) 3.81 0.94 1.75 2.77 6.06
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 8.27 2.96 3.50 4.00 6.88

After-Tax Average Annual Total Returns [further-information] As of 11/30/2019

Month EndAs of 11/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.65 3.26 2.39 3.34
Fund without Sales Charge (%) (NAV) After Shares Sold 5.76 3.25 2.60 3.42
Fund with Sales Charge (%) (POP) Before Shares Sold 3.61 1.95 1.61 2.94
Fund with Sales Charge (%) (POP) After Shares Sold 3.32 2.23 1.98 3.10
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.85 2.23 2.53 3.16
Fund without Sales Charge (%) (NAV) After Shares Sold 5.92 2.46 2.72 3.28
Fund with Sales Charge (%) (POP) Before Shares Sold 3.81 0.94 1.75 2.77
Fund with Sales Charge (%) (POP) After Shares Sold 3.47 1.45 2.10 2.95

Calendar Year Returns

2018
Fund without Sales Charge (%) (NAV) 0.38
Fund with Sales Charge (%) (POP) -3.88
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 1.04

Cumulative Total Returns [further-information] As of 11/30/2019

Month EndAs of 11/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/13/1982
Fund without Sales Charge (%) (NAV) -0.87 6.56 7.65 10.10 12.51 38.93 818.96
Fund with Sales Charge (%) (POP) -4.59 2.57 3.61 5.97 8.29 33.72 784.50
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) -0.45 6.83 8.09 14.80 18.28 50.03 1,080.58
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/13/1982
Fund without Sales Charge (%) (NAV) 1.68 6.60 7.85 6.85 13.33 36.55 819.27
Fund with Sales Charge (%) (POP) -2.14 2.60 3.81 2.84 9.08 31.43 784.80
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 1.40 6.43 8.27 9.15 18.77 47.95 1,076.22

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 11/30/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.32 2.43 3.43
Standard Deviation (Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index) 2.47 2.96 3.26
Alpha -0.97 -0.45 -0.73
Beta 0.86 0.77 0.99
Sharpe Ratio 0.72 0.57 0.82
Information Ratio -1.63 -0.96 -0.70
Tracking Error 0.89 1.06 1.12
R-Squared 0.87 0.89 0.89

ADDITIONAL RISK STATISTICSAs of 11/30/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.89 0.81 1.02
Beta Bear 0.79 0.70 0.98
Bull Bear Capture Ratio 0.80 0.91 0.86
Gains/Losses 2.78 2.15 2.14

SALES CHARGE, EXPENSES & FEES As of 10/01/2019 (updated annually)

Gross Expense Ratio 0.78%
Net Expense Ratio [further-information] 0.78%
Max Initial Sales Charge 3.75%
CDSC 0.75%

Volatility Measures [further-information] As of 11/30/2019 Updated Monthly, based on a 3-year period

Beta 0.86
Sharpe Ratio 0.72
Standard Deviation 2.32

Benchmarks

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

  • Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index