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 09/13/1982
Fund without Sales Charge (%) (NAV) 3.65 3.35 2.81 3.25 6.17
Fund with Sales Charge (%) (POP) 3.65 3.35 2.81 3.25 6.17
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 3.60 3.72 3.62 3.94 6.80
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/13/1982
Fund without Sales Charge (%) (NAV) 3.65 3.35 2.81 3.25 6.17
Fund with Sales Charge (%) (POP) 3.65 3.35 2.81 3.25 6.17
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 3.60 3.72 3.62 3.94 6.80

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 3.65 3.35 2.81 3.25
Fund without Sales Charge (%) (NAV) After Shares Sold 3.36 3.30 2.93 3.35
Fund with Sales Charge (%) (POP) Before Shares Sold 3.65 3.35 2.81 3.25
Fund with Sales Charge (%) (POP) After Shares Sold 3.36 3.30 2.93 3.35
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.65 3.35 2.81 3.25
Fund without Sales Charge (%) (NAV) After Shares Sold 3.36 3.30 2.93 3.35
Fund with Sales Charge (%) (POP) Before Shares Sold 3.65 3.35 2.81 3.25
Fund with Sales Charge (%) (POP) After Shares Sold 3.36 3.30 2.93 3.35

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 7.19 0.64 2.36
Fund with Sales Charge (%) (POP) 7.19 0.64 2.36
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 7.12 1.04 5.09

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 09/13/1982
Fund without Sales Charge (%) (NAV) 2.09 1.51 3.65 10.38 14.87 37.72 860.63
Fund with Sales Charge (%) (POP) 2.09 1.51 3.65 10.38 14.87 37.72 860.63
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 2.35 1.52 3.60 11.57 19.45 47.24 1,101.74
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/13/1982
Fund without Sales Charge (%) (NAV) 2.09 1.51 3.65 10.38 14.87 37.72 860.63
Fund with Sales Charge (%) (POP) 2.09 1.51 3.65 10.38 14.87 37.72 860.63
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 2.35 1.52 3.60 11.57 19.45 47.24 1,101.74

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 4.32 3.66 3.96
Standard Deviation (Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index) 3.96 3.76 3.70
Alpha -0.41 -0.60 -0.78
Beta 1.08 0.93 1.03
Sharpe Ratio 0.42 0.47 0.66
Information Ratio -0.36 -0.72 -0.65
Tracking Error 0.75 1.11 1.12
R-Squared 0.97 0.91 0.92

ADDITIONAL RISK STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.12 0.99 1.04
Beta Bear 1.13 0.94 1.01
Bull Bear Capture Ratio 0.94 0.91 0.86
% of Positive Months 69.44 71.67 68.33
Gains/Losses 1.93 1.95 1.91
Maximum Drawdown
6.30 6.30 8.01

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

Gross Expense Ratio 0.50%
Net Expense Ratio [further-information] 0.50%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 06/30/2020 Updated Monthly, based on a 3-year period

Beta 1.08
Sharpe Ratio 0.42
Standard Deviation 4.32

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