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) 8.01 3.48 2.55 3.49 6.22
Fund with Sales Charge (%) (POP) 8.01 3.48 2.55 3.49 6.22
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) 8.12 2.39 2.69 3.29 6.25
Fund with Sales Charge (%) (POP) 8.12 2.39 2.69 3.29 6.25
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 8.00 3.48 2.55 3.48
Fund without Sales Charge (%) (NAV) After Shares Sold 6.08 3.46 2.75 3.56
Fund with Sales Charge (%) (POP) Before Shares Sold 8.00 3.48 2.55 3.48
Fund with Sales Charge (%) (POP) After Shares Sold 6.08 3.46 2.75 3.56
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.12 2.39 2.69 3.28
Fund without Sales Charge (%) (NAV) After Shares Sold 6.18 2.61 2.87 3.40
Fund with Sales Charge (%) (POP) Before Shares Sold 8.12 2.39 2.69 3.28
Fund with Sales Charge (%) (POP) After Shares Sold 6.18 2.61 2.87 3.40

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 0.61 2.55 0.88 1.70 9.38 -4.63 6.50 10.11 1.03 13.25
Fund with Sales Charge (%) (POP) 0.61 2.55 0.88 1.70 9.38 -4.63 6.50 10.11 1.03 13.25
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 09/13/1982
Fund without Sales Charge (%) (NAV) -0.72 6.90 8.01 10.82 13.39 40.88 844.75
Fund with Sales Charge (%) (POP) -0.72 6.90 8.01 10.82 13.39 40.88 844.75
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) 1.74 6.79 8.12 7.33 14.18 38.20 843.83
Fund with Sales Charge (%) (POP) 1.74 6.79 8.12 7.33 14.18 38.20 843.83
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) 2.29 2.43 3.44
Standard Deviation (Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index) 2.47 2.96 3.26
Sharpe Ratio 0.83 0.63 0.86
Information Ratio -1.35 -0.81 -0.57
Tracking Error 0.90 1.06 1.13

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

3 YR 5 YR 10 YR
Beta Bull 0.86 0.79 1.02
Beta Bear 0.68 0.69 0.97
Bull Bear Capture Ratio 0.85 0.95 0.88
% of Positive Months 69.44 71.67 70.83
Gains/Losses 2.94 2.22 2.19
Maximum Drawdown
1.36 3.36 7.94

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

Gross Expense Ratio 0.53%
Net Expense Ratio [further-information] 0.53%
Max Initial Sales Charge 0.00%
CDSC

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

Sharpe Ratio 0.83
Standard Deviation 2.29

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