Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 10/07/1983
Fund without Sales Charge (%) (NAV) 7.77 2.55 3.19 4.11 6.36
Fund with Sales Charge (%) (POP) 7.77 2.55 3.19 4.11 6.36
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 10/07/1983
Fund without Sales Charge (%) (NAV) 7.77 2.55 3.19 4.11 6.36
Fund with Sales Charge (%) (POP) 7.77 2.55 3.19 4.11 6.36
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 6.64

After-Tax Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.78 2.55 3.19 4.11
Fund without Sales Charge (%) (NAV) After Shares Sold 6.12 2.82 3.33 4.11
Fund with Sales Charge (%) (POP) Before Shares Sold 7.78 2.55 3.19 4.11
Fund with Sales Charge (%) (POP) After Shares Sold 6.12 2.82 3.33 4.11
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.78 2.55 3.19 4.11
Fund without Sales Charge (%) (NAV) After Shares Sold 6.12 2.82 3.33 4.11
Fund with Sales Charge (%) (POP) Before Shares Sold 7.78 2.55 3.19 4.11
Fund with Sales Charge (%) (POP) After Shares Sold 6.12 2.82 3.33 4.11

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 0.79 3.71 0.80 2.54 11.31 -4.36 9.13 12.22 0.95 16.41
Fund with Sales Charge (%) (POP) 0.79 3.71 0.80 2.54 11.31 -4.36 9.13 12.22 0.95 16.41
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 09/30/2019

Month EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/07/1983
Fund without Sales Charge (%) (NAV) 1.67 6.46 7.77 7.85 17.02 49.63 821.02
Fund with Sales Charge (%) (POP) 1.67 6.46 7.77 7.85 17.02 49.63 821.02
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/07/1983
Fund without Sales Charge (%) (NAV) 1.67 6.46 7.77 7.85 17.02 49.63 821.02
Fund with Sales Charge (%) (POP) 1.67 6.46 7.77 7.85 17.02 49.63 821.02
Bloomberg Barclays Municipal Bond Index (%) 1.58 6.75 8.55 9.88 19.68 50.38 909.67

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.79 2.61 3.69
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.42 3.03 3.42
Sharpe Ratio 0.45 0.79 1.03
Information Ratio -0.87 -0.63 -0.08
Tracking Error 0.92 0.79 0.91

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 10/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.45
Standard Deviation 2.79

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index