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) 7.12 3.36 2.37 3.28 4.05
Fund with Sales Charge (%) (POP) 6.12 3.36 2.37 3.28 4.05
Bloomberg Barclays Municipal Bond Index (%) 8.49 5.03 3.57 4.34 5.20
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/1995
Fund without Sales Charge (%) (NAV) 7.37 2.02 2.60 3.13 4.08
Fund with Sales Charge (%) (POP) 6.37 2.02 2.60 3.13 4.08
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.22

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 7.13 3.36 2.37 3.28
Fund without Sales Charge (%) (NAV) After Shares Sold 5.29 3.19 2.47 3.26
Fund with Sales Charge (%) (POP) Before Shares Sold 6.13 3.36 2.37 3.28
Fund with Sales Charge (%) (POP) After Shares Sold 4.70 3.19 2.47 3.26
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.37 2.02 2.60 3.13
Fund without Sales Charge (%) (NAV) After Shares Sold 5.45 2.15 2.66 3.14
Fund with Sales Charge (%) (POP) Before Shares Sold 6.37 2.02 2.60 3.13
Fund with Sales Charge (%) (POP) After Shares Sold 4.86 2.15 2.66 3.14

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 0.55 2.77 0.07 2.01 9.15 -5.88 6.48 11.44 0.56 16.13
Fund with Sales Charge (%) (POP) -0.43 1.77 -0.90 1.02 8.15 -6.80 5.48 10.44 -0.41 15.13
Bloomberg Barclays Municipal Bond Index (%) 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38 12.91

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) -0.74 6.02 7.12 10.41 12.43 38.13 165.28
Fund with Sales Charge (%) (POP) -1.73 5.02 6.12 10.41 12.43 38.13 165.28
Bloomberg Barclays Municipal Bond Index (%) -0.38 7.21 8.49 15.84 19.17 53.00 247.57
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) 1.47 6.09 7.37 6.18 13.69 36.10 165.46
Fund with Sales Charge (%) (POP) 0.47 5.09 6.37 6.18 13.69 36.10 165.46
Bloomberg Barclays Municipal Bond Index (%) 1.58 6.75 8.55 9.88 19.68 50.38 246.08

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.20 2.70 3.66
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.48 3.03 3.42
Sharpe Ratio 0.80 0.50 0.75
Information Ratio -2.57 -1.63 -1.13
Tracking Error 0.65 0.73 0.93

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

3 YR 5 YR 10 YR
Beta Bull 0.88 0.92 1.04
Beta Bear 0.64 0.82 1.05
Bull Bear Capture Ratio 0.76 0.82 0.80
Gains/Losses 2.90 2.02 2.00

SALES CHARGE, EXPENSES & FEES As of 07/01/2019 (updated annually)

Gross Expense Ratio 1.28%
Net Expense Ratio [further-information] 1.28%
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 0.80
Standard Deviation 2.20

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index