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 05/01/1995
Fund without Sales Charge (%) (NAV) 7.32 2.82 1.88 2.81 3.97
Fund with Sales Charge (%) (POP) 6.32 2.82 1.88 2.81 3.97
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 8.09 4.71 3.42 4.14
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/1995
Fund without Sales Charge (%) (NAV) 7.33 1.72 2.03 2.63 4.00
Fund with Sales Charge (%) (POP) 6.33 1.72 2.03 2.63 4.00
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 8.27 2.96 3.50 4.00

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 7.32 2.82 1.88 2.81
Fund without Sales Charge (%) (NAV) After Shares Sold 5.40 2.79 2.09 2.89
Fund with Sales Charge (%) (POP) Before Shares Sold 6.32 2.82 1.88 2.81
Fund with Sales Charge (%) (POP) After Shares Sold 4.80 2.79 2.09 2.89
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.33 1.72 2.03 2.62
Fund without Sales Charge (%) (NAV) After Shares Sold 5.44 1.95 2.21 2.74
Fund with Sales Charge (%) (POP) Before Shares Sold 6.33 1.72 2.03 2.62
Fund with Sales Charge (%) (POP) After Shares Sold 4.85 1.95 2.21 2.74

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) -0.04 1.88 0.23 1.03 8.59 -5.18 5.82 9.42 0.39 12.57
Fund with Sales Charge (%) (POP) -1.01 0.89 -0.74 0.05 7.59 -6.10 4.82 8.42 -0.58 11.57
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 1.04 5.09 0.39 3.44 8.60 -2.15 6.21 9.79 2.44 13.02

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 05/01/1995
Fund without Sales Charge (%) (NAV) -0.88 6.28 7.32 8.69 9.78 31.99 160.68
Fund with Sales Charge (%) (POP) -1.87 5.28 6.32 8.69 9.78 31.99 160.68
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) -0.45 6.83 8.09 14.80 18.28 50.03
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/1995
Fund without Sales Charge (%) (NAV) 1.57 6.29 7.33 5.26 10.55 29.59 160.71
Fund with Sales Charge (%) (POP) 0.57 5.29 6.33 5.26 10.55 29.59 160.71
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 1.40 6.43 8.27 9.15 18.77 47.95

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.28 2.43 3.43
Standard Deviation (Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index) 2.47 2.96 3.26
Sharpe Ratio 0.54 0.36 0.67
Information Ratio -2.07 -1.43 -1.17
Tracking Error 0.91 1.07 1.13

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

3 YR 5 YR 10 YR
Beta Bull 0.87 0.81 1.02
Beta Bear 0.70 0.70 0.97
Bull Bear Capture Ratio 0.71 0.79 0.77
Gains/Losses 2.43 1.84 1.91

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

Gross Expense Ratio 1.18%
Net Expense Ratio [further-information] 1.18%
Max Initial Sales Charge 0.00%
CDSC 1.00%

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

Sharpe Ratio 0.54
Standard Deviation 2.28

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