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 05/01/1995
Fund without Sales Charge (%) (NAV) 6.89 3.05 2.27 3.35 4.11
Fund with Sales Charge (%) (POP) 5.89 3.05 2.27 3.35 4.11
Bloomberg Barclays Municipal Bond Index (%) 8.49 5.03 3.57 4.34 5.20
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/1995
Fund without Sales Charge (%) (NAV) 7.06 1.83 2.53 3.17 4.14
Fund with Sales Charge (%) (POP) 6.06 1.83 2.53 3.17 4.14
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.22

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 6.89 3.04 2.27 3.35
Fund without Sales Charge (%) (NAV) After Shares Sold 5.19 2.97 2.41 3.34
Fund with Sales Charge (%) (POP) Before Shares Sold 5.89 3.04 2.27 3.35
Fund with Sales Charge (%) (POP) After Shares Sold 4.60 2.97 2.41 3.34
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.06 1.83 2.53 3.17
Fund without Sales Charge (%) (NAV) After Shares Sold 5.31 2.03 2.62 3.19
Fund with Sales Charge (%) (POP) Before Shares Sold 6.06 1.83 2.53 3.17
Fund with Sales Charge (%) (POP) After Shares Sold 4.71 2.03 2.62 3.19

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 0.44 2.26 0.82 1.42 10.35 -5.80 7.75 11.54 -0.55 16.18
Fund with Sales Charge (%) (POP) -0.54 1.27 -0.16 0.44 9.35 -6.71 6.75 10.54 -1.51 15.18
Bloomberg Barclays Municipal Bond Index (%) 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38 12.91

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 05/01/1995
Fund without Sales Charge (%) (NAV) -0.77 5.90 6.89 9.42 11.89 39.09 169.47
Fund with Sales Charge (%) (POP) -1.76 4.90 5.89 9.42 11.89 39.09 169.47
Bloomberg Barclays Municipal Bond Index (%) -0.38 7.21 8.49 15.84 19.17 53.00 247.57
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/1995
Fund without Sales Charge (%) (NAV) 1.72 5.95 7.06 5.59 13.30 36.67 169.59
Fund with Sales Charge (%) (POP) 0.72 4.95 6.06 5.59 13.30 36.67 169.59
Bloomberg Barclays Municipal Bond Index (%) 1.58 6.75 8.55 9.88 19.68 50.38 246.08

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 11/30/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.20 2.61 3.88
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 2.48 3.03 3.42
Sharpe Ratio 0.66 0.48 0.73
Information Ratio -2.40 -1.33 -0.79
Tracking Error 0.82 0.98 1.24

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

3 YR 5 YR 10 YR
Beta Bull 0.86 0.90 1.13
Beta Bear 0.67 0.74 1.10
Bull Bear Capture Ratio 0.72 0.83 0.80
Gains/Losses 2.55 1.96 2.00

SALES CHARGE, EXPENSES & FEES As of 07/01/2019 (updated annually)

Gross Expense Ratio 1.24%
Net Expense Ratio [further-information] 1.24%
Max Initial Sales Charge 0.00%
CDSC 1.00%

Volatility Measures [further-information] As of 11/30/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.66
Standard Deviation 2.20

Benchmarks

A benchmark is a comparable broad-based index that can be used to evaluate a fund's performance.

  • Bloomberg Barclays Municipal Bond Index