Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/1995
Fund without Sales Charge (%) (NAV) 3.84 2.61 2.02 3.08 3.86
Fund with Sales Charge (%) (POP) 2.84 2.61 2.02 3.08 3.86
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/1995
Fund without Sales Charge (%) (NAV) 3.84 2.61 2.02 3.08 3.86
Fund with Sales Charge (%) (POP) 2.84 2.61 2.02 3.08 3.86

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.84 2.61 2.02 3.08
Fund without Sales Charge (%) (NAV) After Shares Sold 3.29 2.59 2.17 3.09
Fund with Sales Charge (%) (POP) Before Shares Sold 2.84 2.61 2.02 3.08
Fund with Sales Charge (%) (POP) After Shares Sold 2.70 2.59 2.17 3.09
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.84 2.61 2.02 3.08
Fund without Sales Charge (%) (NAV) After Shares Sold 3.29 2.59 2.17 3.09
Fund with Sales Charge (%) (POP) Before Shares Sold 2.84 2.61 2.02 3.08
Fund with Sales Charge (%) (POP) After Shares Sold 2.70 2.59 2.17 3.09

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 5.88 -0.10 2.46 1.30 0.74 9.84 -5.34 6.92 11.68 -0.91
Fund with Sales Charge (%) (POP) 4.88 -1.08 1.46 0.32 -0.24 8.84 -6.26 5.92 10.68 -1.87
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38

Cumulative Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/1995
Fund without Sales Charge (%) (NAV) 0.38 0.38 3.84 8.04 10.54 35.48 157.00
Fund with Sales Charge (%) (POP) -0.62 -0.62 2.84 8.04 10.54 35.48 157.00
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/1995
Fund without Sales Charge (%) (NAV) 0.38 0.38 3.84 8.04 10.54 35.48 157.00
Fund with Sales Charge (%) (POP) -0.62 -0.62 2.84 8.04 10.54 35.48 157.00

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.65 2.59 3.73
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.48 3.48 3.68
Sharpe Ratio 0.34 0.35 0.65
Information Ratio -1.18 -0.89 -0.83
Tracking Error 1.14 1.31 1.36

ADDITIONAL RISK STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.81 0.76 0.98
Beta Bear 0.52 0.58 0.79
Bull Bear Capture Ratio 0.86 0.88 0.82
Gains/Losses 2.04 1.80 1.86

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

Gross Expense Ratio 1.31%
Net Expense Ratio [further-information] 1.31%
Max Initial Sales Charge 0.00%
CDSC 1.00%

Volatility Measures [further-information] As of 03/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.34
Standard Deviation 2.65

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index