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 05/01/1995
Fund without Sales Charge (%) (NAV) 9.19 3.62 2.48 3.03 4.08
Fund with Sales Charge (%) (POP) 8.19 3.62 2.48 3.03 4.08
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 8.92 4.98 3.85 4.29
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/1995
Fund without Sales Charge (%) (NAV) 6.47 2.73 1.89 2.76 3.97
Fund with Sales Charge (%) (POP) 5.47 2.73 1.89 2.76 3.97
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 7.12 4.39 3.38 4.13

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 9.19 3.62 2.49 3.03
Fund without Sales Charge (%) (NAV) After Shares Sold 6.44 3.38 2.54 3.05
Fund with Sales Charge (%) (POP) Before Shares Sold 8.19 3.62 2.49 3.03
Fund with Sales Charge (%) (POP) After Shares Sold 5.84 3.38 2.54 3.05
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.47 2.73 1.89 2.76
Fund without Sales Charge (%) (NAV) After Shares Sold 4.87 2.72 2.09 2.85
Fund with Sales Charge (%) (POP) Before Shares Sold 5.47 2.73 1.89 2.76
Fund with Sales Charge (%) (POP) After Shares Sold 4.28 2.72 2.09 2.85

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.47 -0.04 1.88 0.23 1.03 8.59 -5.18 5.82 9.42 0.39
Fund with Sales Charge (%) (POP) 5.47 -1.01 0.89 -0.74 0.05 7.59 -6.10 4.82 8.42 -0.58
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 7.12 1.04 5.09 0.39 3.44 8.60 -2.15 6.21 9.79 2.44

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 05/01/1995
Fund without Sales Charge (%) (NAV) 3.67 3.48 9.19 11.25 13.06 34.84 170.24
Fund with Sales Charge (%) (POP) 2.67 2.48 8.19 11.25 13.06 34.84 170.24
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 3.27 2.99 8.92 15.71 20.80 52.17
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/1995
Fund without Sales Charge (%) (NAV) 0.17 6.47 6.47 8.43 9.80 31.33 161.16
Fund with Sales Charge (%) (POP) -0.82 5.47 5.47 8.43 9.80 31.33 161.16
Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index (%) 0.64 7.12 7.12 13.74 18.10 49.92

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.57 2.51 3.49
Standard Deviation (Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index) 2.59 2.92 3.30
Sharpe Ratio 0.75 0.56 0.71
Information Ratio -1.54 -1.26 -1.10
Tracking Error 0.89 1.08 1.13

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

3 YR 5 YR 10 YR
Beta Bull 1.01 0.89 1.04
Beta Bear 0.70 0.70 0.97
Bull Bear Capture Ratio 0.80 0.84 0.78
% of Positive Months 69.44 68.33 67.50
Gains/Losses 2.83 2.21 1.98
Maximum Drawdown
1.98 3.44 8.39

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

Gross Expense Ratio 1.18%
Net Expense Ratio [further-information] 1.18%
Max Initial Sales Charge 0.00%
CDSC 1.00%

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

Sharpe Ratio 0.75
Standard Deviation 2.57

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