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 10/07/1983
Fund without Sales Charge (%) (NAV) 9.55 4.57 3.42 4.49 6.40
Fund with Sales Charge (%) (POP) 9.55 4.57 3.42 4.49 6.40
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 6.67
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/07/1983
Fund without Sales Charge (%) (NAV) 6.86 3.75 2.91 4.26 6.33
Fund with Sales Charge (%) (POP) 6.86 3.75 2.91 4.26 6.33
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 6.61

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 9.55 4.57 3.42 4.49
Fund without Sales Charge (%) (NAV) After Shares Sold 7.06 4.35 3.48 4.40
Fund with Sales Charge (%) (POP) Before Shares Sold 9.55 4.57 3.42 4.49
Fund with Sales Charge (%) (POP) After Shares Sold 7.06 4.35 3.48 4.40
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.86 3.75 2.91 4.26
Fund without Sales Charge (%) (NAV) After Shares Sold 5.52 3.75 3.10 4.23
Fund with Sales Charge (%) (POP) Before Shares Sold 6.86 3.75 2.91 4.26
Fund with Sales Charge (%) (POP) After Shares Sold 5.52 3.75 3.10 4.23

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.86 0.79 3.71 0.80 2.54 11.31 -4.36 9.13 12.22 0.95
Fund with Sales Charge (%) (POP) 6.86 0.79 3.71 0.80 2.54 11.31 -4.36 9.13 12.22 0.95
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 02/29/2020

Month EndAs of 02/29/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/07/1983
Fund without Sales Charge (%) (NAV) 3.61 3.41 9.55 14.35 18.34 55.11 856.07
Fund with Sales Charge (%) (POP) 3.61 3.41 9.55 14.35 18.34 55.11 856.07
Bloomberg Barclays Municipal Bond Index (%) 3.42 3.11 9.46 16.83 21.75 55.38 948.73
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/07/1983
Fund without Sales Charge (%) (NAV) 0.38 6.86 6.86 11.68 15.42 51.76 824.50
Fund with Sales Charge (%) (POP) 0.38 6.86 6.86 11.68 15.42 51.76 824.50
Bloomberg Barclays Municipal Bond Index (%) 0.74 7.54 7.54 14.85 18.93 52.95 917.11

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

1 YR
Standard Deviation (Fund)

SALES CHARGE, EXPENSES & FEES As of 09/01/2019 (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 03/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio
Standard Deviation

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index