Average Annual Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/13/1982
Fund without Sales Charge (%) (NAV) 9.72 4.11 3.00 3.56 6.21
Fund with Sales Charge (%) (POP) 5.60 2.79 2.22 3.16 6.10
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 8.92 4.98 3.85 4.29 6.90
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/13/1982
Fund without Sales Charge (%) (NAV) 6.80 3.17 2.37 3.28 6.13
Fund with Sales Charge (%) (POP) 2.79 1.86 1.59 2.89 6.02
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 7.12 4.39 3.38 4.13 6.85

After-Tax Average Annual Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 9.72 4.11 3.00 3.56
Fund without Sales Charge (%) (NAV) After Shares Sold 6.92 3.87 3.05 3.57
Fund with Sales Charge (%) (POP) Before Shares Sold 5.60 2.79 2.21 3.16
Fund with Sales Charge (%) (POP) After Shares Sold 4.44 2.84 2.43 3.24
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.80 3.17 2.37 3.28
Fund without Sales Charge (%) (NAV) After Shares Sold 5.23 3.17 2.58 3.37
Fund with Sales Charge (%) (POP) Before Shares Sold 2.79 1.86 1.59 2.89
Fund with Sales Charge (%) (POP) After Shares Sold 2.82 2.15 1.96 3.04

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 02/29/2020

Month EndAs of 02/29/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/13/1982
Fund without Sales Charge (%) (NAV) 3.86 3.63 9.72 12.84 15.93 41.88 854.42
Fund with Sales Charge (%) (POP) -0.04 -0.25 5.60 8.61 11.58 36.56 818.63
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 3.27 2.99 8.92 15.71 20.80 52.17 1,119.18
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/13/1982
Fund without Sales Charge (%) (NAV) 0.19 6.80 6.80 9.82 12.42 38.11 820.97
Fund with Sales Charge (%) (POP) -3.57 2.79 2.79 5.70 8.20 32.93 786.44
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 0.64 7.12 7.12 13.74 18.10 49.92 1,083.78

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.62 2.53 3.49
Standard Deviation (Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index) 2.59 2.92 3.30
Alpha -0.67 -0.28 -0.69
Beta 0.95 0.80 1.00
Sharpe Ratio 0.93 0.76 0.86
Information Ratio -1.00 -0.79 -0.64
Tracking Error 0.87 1.07 1.12
R-Squared 0.89 0.87 0.90

ADDITIONAL RISK STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.04 0.90 1.04
Beta Bear 0.79 0.70 0.98
Bull Bear Capture Ratio 0.90 0.97 0.87
% of Positive Months 69.44 71.67 70.00
Gains/Losses 3.23 2.57 2.21
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 1.00%

Volatility Measures [further-information] As of 02/29/2020 Updated Monthly, based on a 3-year period

Beta 0.95
Sharpe Ratio 0.93
Standard Deviation 2.62

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