Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/13/1982
Fund without Sales Charge (%) (NAV) 2.51 2.75 2.40 3.02 6.08
Fund with Sales Charge (%) (POP) -1.34 1.45 1.62 2.63 5.97
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 3.01 3.29 3.43 3.87 6.79
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/13/1982
Fund without Sales Charge (%) (NAV) 3.40 2.74 2.15 3.09 6.08
Fund with Sales Charge (%) (POP) -0.48 1.44 1.37 2.70 5.97
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 3.30 3.59 3.01 3.92 6.78

After-Tax Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.51 2.75 2.40 3.02
Fund without Sales Charge (%) (NAV) After Shares Sold 2.55 2.82 2.59 3.15
Fund with Sales Charge (%) (POP) Before Shares Sold -1.34 1.45 1.62 2.63
Fund with Sales Charge (%) (POP) After Shares Sold 0.23 1.80 1.98 2.82
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.40 2.74 2.15 3.09
Fund without Sales Charge (%) (NAV) After Shares Sold 3.15 2.83 2.40 3.21
Fund with Sales Charge (%) (POP) Before Shares Sold -0.48 1.44 1.37 2.69
Fund with Sales Charge (%) (POP) After Shares Sold 0.82 1.82 1.79 2.89

Calendar Year Returns

2019 2018
Fund without Sales Charge (%) (NAV) 6.80 0.38
Fund with Sales Charge (%) (POP) 2.79 -3.38
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 7.12 1.04

Cumulative Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/13/1982
Fund without Sales Charge (%) (NAV) -3.10 0.42 2.51 8.48 12.59 34.68 824.82
Fund with Sales Charge (%) (POP) -6.73 -3.35 -1.34 4.41 8.37 29.63 790.14
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) -2.29 0.63 3.01 10.20 18.36 46.17 1,091.20
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/13/1982
Fund without Sales Charge (%) (NAV) -0.55 -0.55 3.40 8.45 11.21 35.56 815.89
Fund with Sales Charge (%) (POP) -4.28 -4.28 -0.48 4.38 7.03 30.48 781.55
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) -0.81 -0.81 3.30 11.17 15.97 46.84 1,074.19

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 4.35 3.67 3.97
Standard Deviation (Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index) 3.96 3.76 3.70
Alpha -0.69 -0.77 -0.88
Beta 1.08 0.93 1.03
Sharpe Ratio 0.35 0.42 0.64
Information Ratio -0.71 -0.88 -0.73
Tracking Error 0.78 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 1.14 1.00 1.05
Beta Bear 1.13 0.94 1.02
Bull Bear Capture Ratio 0.89 0.88 0.85
Gains/Losses 1.84 1.88 1.88

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 1.00%

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

Beta 1.08
Sharpe Ratio 0.35
Standard Deviation 4.35

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