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 05/01/1995
Fund without Sales Charge (%) (NAV) -0.02 1.33 1.26 2.20 3.78
Fund with Sales Charge (%) (POP) -1.00 1.33 1.26 2.20 3.78
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 1.17 2.75 2.75 3.63
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/1995
Fund without Sales Charge (%) (NAV) 2.99 2.29 1.65 2.56 3.90
Fund with Sales Charge (%) (POP) 1.99 2.29 1.65 2.56 3.90
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 3.30 3.59 3.01 3.92

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 -0.02 1.33 1.26 2.20
Fund without Sales Charge (%) (NAV) After Shares Sold 0.91 1.64 1.61 2.41
Fund with Sales Charge (%) (POP) Before Shares Sold -0.99 1.33 1.26 2.20
Fund with Sales Charge (%) (POP) After Shares Sold 0.33 1.64 1.61 2.41
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.99 2.29 1.65 2.56
Fund without Sales Charge (%) (NAV) After Shares Sold 2.74 2.37 1.91 2.68
Fund with Sales Charge (%) (POP) Before Shares Sold 1.99 2.29 1.65 2.56
Fund with Sales Charge (%) (POP) After Shares Sold 2.15 2.37 1.91 2.68

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.47 -0.04 1.88 0.23 1.03 8.59 -5.18 5.82 9.42 0.39
Fund with Sales Charge (%) (POP) 5.47 -1.01 0.89 -0.74 0.05 7.59 -6.10 4.82 8.42 -0.58
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 7.12 1.04 5.09 0.39 3.44 8.60 -2.15 6.21 9.79 2.44

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 05/01/1995
Fund without Sales Charge (%) (NAV) -4.96 -3.17 -0.02 4.05 6.45 24.35 152.88
Fund with Sales Charge (%) (POP) -5.91 -4.13 -1.00 4.05 6.45 24.35 152.88
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) -4.20 -2.52 1.17 8.48 14.55 42.83
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/1995
Fund without Sales Charge (%) (NAV) -0.74 -0.74 2.99 7.02 8.55 28.73 159.23
Fund with Sales Charge (%) (POP) -1.73 -1.73 1.99 7.02 8.55 28.73 159.23
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) -0.81 -0.81 3.30 11.17 15.97 46.84

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.87 3.33 3.83
Standard Deviation (Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index) 3.66 3.52 3.58
Sharpe Ratio -0.09 0.05 0.42
Information Ratio -1.53 -1.34 -1.27
Tracking Error 0.93 1.11 1.12

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

3 YR 5 YR 10 YR
Beta Bull 0.99 0.88 1.04
Beta Bear 1.14 0.95 1.01
Bull Bear Capture Ratio 0.76 0.75 0.75
% of Positive Months 66.67 68.33 65.83
Gains/Losses 1.35 1.41 1.60
Maximum Drawdown
6.43 6.43 8.39

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 04/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio -0.09
Standard Deviation 3.87

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