Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/07/1983
Fund without Sales Charge (%) (NAV) 3.98 3.65 3.30 4.14 6.30
Fund with Sales Charge (%) (POP) 3.98 3.65 3.30 4.14 6.30
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 6.58
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/07/1983
Fund without Sales Charge (%) (NAV) 3.98 3.65 3.30 4.14 6.30
Fund with Sales Charge (%) (POP) 3.98 3.65 3.30 4.14 6.30
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 6.58

After-Tax Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.98 3.65 3.30 4.14
Fund without Sales Charge (%) (NAV) After Shares Sold 3.67 3.63 3.39 4.12
Fund with Sales Charge (%) (POP) Before Shares Sold 3.98 3.65 3.30 4.14
Fund with Sales Charge (%) (POP) After Shares Sold 3.67 3.63 3.39 4.12
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.98 3.65 3.30 4.14
Fund without Sales Charge (%) (NAV) After Shares Sold 3.67 3.63 3.39 4.12
Fund with Sales Charge (%) (POP) Before Shares Sold 3.98 3.65 3.30 4.14
Fund with Sales Charge (%) (POP) After Shares Sold 3.67 3.63 3.39 4.12

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.86 0.79 3.71 0.80 2.54 11.31 -4.36 9.13 12.22 0.95
Fund with Sales Charge (%) (POP) 6.86 0.79 3.71 0.80 2.54 11.31 -4.36 9.13 12.22 0.95
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38

Cumulative Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/07/1983
Fund without Sales Charge (%) (NAV) 2.22 1.89 3.98 11.36 17.64 50.10 841.94
Fund with Sales Charge (%) (POP) 2.22 1.89 3.98 11.36 17.64 50.10 841.94
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 938.23
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/07/1983
Fund without Sales Charge (%) (NAV) 2.22 1.89 3.98 11.36 17.64 50.10 841.94
Fund with Sales Charge (%) (POP) 2.22 1.89 3.98 11.36 17.64 50.10 841.94
Bloomberg Barclays Municipal Bond Index (%) 2.72 2.08 4.45 13.20 21.26 51.12 938.23

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.95 3.51 4.11
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.88 3.75 3.81
Sharpe Ratio 0.51 0.63 0.87
Information Ratio -0.81 -0.74 -0.06
Tracking Error 0.69 0.84 0.92

SALES CHARGE, EXPENSES & FEES As of 09/01/2019 (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 06/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.51
Standard Deviation 3.95

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index