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) 8.04 3.44 2.52 3.47 6.22
Fund with Sales Charge (%) (POP) 8.04 3.44 2.52 3.47 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) 8.15 2.34 2.66 3.27 6.24
Fund with Sales Charge (%) (POP) 8.15 2.34 2.66 3.27 6.24
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 8.04 3.44 2.52 3.47
Fund without Sales Charge (%) (NAV) After Shares Sold 6.11 3.40 2.72 3.55
Fund with Sales Charge (%) (POP) Before Shares Sold 8.04 3.44 2.52 3.47
Fund with Sales Charge (%) (POP) After Shares Sold 6.11 3.40 2.72 3.55
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.15 2.34 2.66 3.27
Fund without Sales Charge (%) (NAV) After Shares Sold 6.21 2.56 2.84 3.38
Fund with Sales Charge (%) (POP) Before Shares Sold 8.15 2.34 2.66 3.27
Fund with Sales Charge (%) (POP) After Shares Sold 6.21 2.56 2.84 3.38

Calendar Year Returns

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

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) -0.71 6.93 8.04 10.68 13.25 40.71 844.03
Fund with Sales Charge (%) (POP) -0.71 6.93 8.04 10.68 13.25 40.71 844.03
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) 1.75 6.82 8.15 7.19 14.03 38.02 843.04
Fund with Sales Charge (%) (POP) 1.75 6.82 8.15 7.19 14.03 38.02 843.04
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 2.42 3.43
Standard Deviation (Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index) 2.47 2.96 3.26
Alpha -0.73 -0.31 -0.65
Beta 0.85 0.76 0.99
Sharpe Ratio 0.82 0.63 0.84
Information Ratio -1.37 -0.84 -0.64
Tracking Error 0.89 1.06 1.12
R-Squared 0.87 0.89 0.89

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

3 YR 5 YR 10 YR
Beta Bull 0.86 0.79 1.01
Beta Bear 0.80 0.70 0.98
Bull Bear Capture Ratio 0.86 0.95 0.87
% of Positive Months 69.44 70.00 70.00
Gains/Losses 2.98 2.24 2.18
Maximum Drawdown
1.31 3.30 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 11/30/2019 Updated Monthly, based on a 3-year period

Beta 0.85
Sharpe Ratio 0.82
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