Average Annual Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/13/1982
Fund without Sales Charge (%) (NAV) 0.38 1.81 1.75 2.73 5.99
Fund with Sales Charge (%) (POP) -3.38 0.52 0.97 2.34 5.89
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 1.17 2.75 2.75 3.63 6.72
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/13/1982
Fund without Sales Charge (%) (NAV) 3.40 2.74 2.15 3.09 6.08
Fund with Sales Charge (%) (POP) -0.48 1.44 1.37 2.70 5.97
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 3.30 3.59 3.01 3.92 6.78

After-Tax Average Annual Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 0.38 1.81 1.75 2.73
Fund without Sales Charge (%) (NAV) After Shares Sold 1.32 2.12 2.10 2.94
Fund with Sales Charge (%) (POP) Before Shares Sold -3.38 0.52 0.97 2.34
Fund with Sales Charge (%) (POP) After Shares Sold -0.95 1.12 1.49 2.61
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.40 2.74 2.15 3.09
Fund without Sales Charge (%) (NAV) After Shares Sold 3.15 2.83 2.40 3.21
Fund with Sales Charge (%) (POP) Before Shares Sold -0.48 1.44 1.37 2.69
Fund with Sales Charge (%) (POP) After Shares Sold 0.82 1.82 1.79 2.89

Calendar Year Returns

2019 2018
Fund without Sales Charge (%) (NAV) 6.80 0.38
Fund with Sales Charge (%) (POP) 2.79 -3.38
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 7.12 1.04

Cumulative Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/13/1982
Fund without Sales Charge (%) (NAV) -4.86 -2.95 0.38 5.52 9.04 30.93 793.76
Fund with Sales Charge (%) (POP) -8.43 -6.59 -3.38 1.56 4.95 26.02 760.25
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) -4.20 -2.52 1.17 8.48 14.55 42.83 1,053.98
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/13/1982
Fund without Sales Charge (%) (NAV) -0.55 -0.55 3.40 8.45 11.21 35.56 815.89
Fund with Sales Charge (%) (POP) -4.28 -4.28 -0.48 4.38 7.03 30.48 781.55
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) -0.81 -0.81 3.30 11.17 15.97 46.84 1,074.19

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 04/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.91 3.35 3.83
Standard Deviation (Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index) 3.66 3.52 3.58
Alpha -0.94 -0.82 -0.92
Beta 1.04 0.90 1.02
Sharpe Ratio 0.03 0.19 0.56
Information Ratio -1.02 -0.90 -0.80
Tracking Error 0.91 1.11 1.12
R-Squared 0.95 0.90 0.92

ADDITIONAL RISK STATISTICSAs of 04/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.03 0.90 1.04
Beta Bear 1.14 0.95 1.02
Bull Bear Capture Ratio 0.84 0.85 0.84
% of Positive Months 66.67 70.00 68.33
Gains/Losses 1.48 1.58 1.77
Maximum Drawdown
6.36 6.36 8.01

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 1.00%

Volatility Measures [further-information] As of 04/30/2020 Updated Monthly, based on a 3-year period

Beta 1.04
Sharpe Ratio 0.03
Standard Deviation 3.91

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