Average Annual Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/13/1982
Fund without Sales Charge (%) (NAV) 8.42 2.35 2.41 3.36 6.15
Fund with Sales Charge (%) (POP) 4.36 1.06 1.63 2.96 6.04
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 9.09 3.38 3.39 4.23 6.87
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/13/1982
Fund without Sales Charge (%) (NAV) 7.85 2.23 2.53 3.16 6.17
Fund with Sales Charge (%) (POP) 3.81 0.94 1.75 2.77 6.06
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 10/31/2019

Month EndAs of 10/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.42 2.35 2.41 3.35
Fund without Sales Charge (%) (NAV) After Shares Sold 6.25 2.55 2.62 3.44
Fund with Sales Charge (%) (POP) Before Shares Sold 4.36 1.06 1.63 2.96
Fund with Sales Charge (%) (POP) After Shares Sold 3.79 1.54 2.00 3.11
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.85 2.23 2.53 3.16
Fund without Sales Charge (%) (NAV) After Shares Sold 5.92 2.46 2.72 3.28
Fund with Sales Charge (%) (POP) Before Shares Sold 3.81 0.94 1.75 2.77
Fund with Sales Charge (%) (POP) After Shares Sold 3.47 1.45 2.10 2.95

Calendar Year Returns

2018
Fund without Sales Charge (%) (NAV) 0.38
Fund with Sales Charge (%) (POP) -3.88
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 1.04

Cumulative Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/13/1982
Fund without Sales Charge (%) (NAV) 0.93 6.45 8.42 7.22 12.63 39.15 817.95
Fund with Sales Charge (%) (POP) -2.86 2.46 4.36 3.20 8.41 33.93 783.53
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 0.73 6.56 9.09 10.47 18.11 51.31 1,077.63
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) 1.68 6.60 7.85 6.85 13.33 36.55 819.27
Fund with Sales Charge (%) (POP) -2.14 2.60 3.81 2.84 9.08 31.43 784.80
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 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.80 2.43 3.43
Standard Deviation (Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index) 3.33 2.97 3.27
Alpha -0.63 -0.40 -0.78
Beta 0.79 0.77 0.99
Sharpe Ratio 0.28 0.59 0.83
Information Ratio -0.93 -0.91 -0.75
Tracking Error 1.10 1.06 1.15
R-Squared 0.90 0.89 0.89

ADDITIONAL RISK STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.88 0.80 1.00
Beta Bear 0.66 0.70 0.98
Bull Bear Capture Ratio 0.89 0.92 0.85
% of Positive Months 66.67 70.00 70.00
Gains/Losses 1.89 2.16 2.15
Maximum Drawdown
1.45 3.30 8.01

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

Gross Expense Ratio 0.78%
Net Expense Ratio [further-information] 0.78%
Max Initial Sales Charge 3.75%
CDSC 0.75%

Volatility Measures [further-information] As of 10/31/2019 Updated Monthly, based on a 3-year period

Beta 0.79
Sharpe Ratio 0.28
Standard Deviation 2.80

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