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 09/01/1987
Fund without Sales Charge (%) (NAV) 3.52 2.90 2.31 3.58 5.36
Fund with Sales Charge (%) (POP) 3.52 2.90 2.31 3.58 5.36
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.52 2.90 2.31 3.58 5.36
Fund with Sales Charge (%) (POP) 3.52 2.90 2.31 3.58 5.36

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 3.52 2.90 2.31 3.58
Fund without Sales Charge (%) (NAV) After Shares Sold 3.40 3.00 2.56 3.62
Fund with Sales Charge (%) (POP) Before Shares Sold 3.52 2.90 2.31 3.58
Fund with Sales Charge (%) (POP) After Shares Sold 3.40 3.00 2.56 3.62
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.52 2.90 2.31 3.58
Fund without Sales Charge (%) (NAV) After Shares Sold 3.40 3.00 2.56 3.62
Fund with Sales Charge (%) (POP) Before Shares Sold 3.52 2.90 2.31 3.58
Fund with Sales Charge (%) (POP) After Shares Sold 3.40 3.00 2.56 3.62

Calendar Year Returns

2019 2018 2017 2016
Fund without Sales Charge (%) (NAV) 6.36 0.67 2.58 1.24
Fund with Sales Charge (%) (POP) 6.36 0.67 2.58 1.24
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45 0.25

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 09/01/1987
Fund without Sales Charge (%) (NAV) -0.33 -0.33 3.52 8.95 12.10 42.21 448.36
Fund with Sales Charge (%) (POP) -0.33 -0.33 3.52 8.95 12.10 42.21 448.36
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) -0.33 -0.33 3.52 8.95 12.10 42.21 448.36
Fund with Sales Charge (%) (POP) -0.33 -0.33 3.52 8.95 12.10 42.21 448.36

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.06
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.48 3.48 3.68
Sharpe Ratio 0.39
Information Ratio -1.43
Tracking Error 0.73

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

3 YR 5 YR 10 YR
Beta Bull 0.84
Beta Bear 0.90
Bull Bear Capture Ratio 0.89
Gains/Losses 2.10

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

Gross Expense Ratio 0.62%
Net Expense Ratio [further-information] 0.62%
Max Initial Sales Charge 0.00%
CDSC

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

Beta 0.86
Sharpe Ratio 0.39
Standard Deviation 3.06

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index