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) 9.98 4.32 3.17 3.71 6.29
Fund with Sales Charge (%) (POP) 9.98 4.32 3.17 3.71 6.29
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) 7.16 3.40 2.55 3.43 6.21
Fund with Sales Charge (%) (POP) 7.16 3.40 2.55 3.43 6.21
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 9.98 4.32 3.17 3.71
Fund without Sales Charge (%) (NAV) After Shares Sold 7.18 4.07 3.21 3.71
Fund with Sales Charge (%) (POP) Before Shares Sold 9.98 4.32 3.17 3.71
Fund with Sales Charge (%) (POP) After Shares Sold 7.18 4.07 3.21 3.71
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.16 3.40 2.55 3.43
Fund without Sales Charge (%) (NAV) After Shares Sold 5.55 3.39 2.75 3.51
Fund with Sales Charge (%) (POP) Before Shares Sold 7.16 3.40 2.55 3.43
Fund with Sales Charge (%) (POP) After Shares Sold 5.55 3.39 2.75 3.51

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 7.16 0.61 2.55 0.88 1.70 9.38 -4.63 6.50 10.11 1.03
Fund with Sales Charge (%) (POP) 7.16 0.61 2.55 0.88 1.70 9.38 -4.63 6.50 10.11 1.03
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 09/13/1982
Fund without Sales Charge (%) (NAV) 3.92 3.67 9.98 13.51 16.87 43.92 881.76
Fund with Sales Charge (%) (POP) 3.92 3.67 9.98 13.51 16.87 43.92 881.76
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) 0.34 7.16 7.16 10.55 13.41 40.07 847.03
Fund with Sales Charge (%) (POP) 0.34 7.16 7.16 10.55 13.41 40.07 847.03
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) 2.59 2.51 3.50
Standard Deviation (Linked Bloomberg Barclays New York Muni Bond/10-Year Muni Bond Index) 2.59 2.92 3.30
Sharpe Ratio 1.02 0.83 0.90
Information Ratio -0.74 -0.63 -0.51
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 1.02 0.87 1.04
Beta Bear 0.68 0.69 0.97
Bull Bear Capture Ratio 0.95 1.01 0.89
% of Positive Months 69.44 73.33 70.83
Gains/Losses 3.39 2.65 2.26
Maximum Drawdown
1.36 3.36 7.94

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

Gross Expense Ratio 0.53%
Net Expense Ratio [further-information] 0.53%
Max Initial Sales Charge 0.00%
CDSC

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

Sharpe Ratio 1.02
Standard Deviation 2.59

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