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 04/03/1985
Fund without Sales Charge (%) (NAV) 5.06 3.83 2.85 3.52 5.62
Fund with Sales Charge (%) (POP) 5.06 3.83 2.85 3.52 5.62
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 5.06 3.83 2.85 3.52 5.62
Fund with Sales Charge (%) (POP) 5.06 3.83 2.85 3.52 5.62

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 5.06 3.83 2.85 3.52
Fund without Sales Charge (%) (NAV) After Shares Sold 4.21 3.66 2.94 3.55
Fund with Sales Charge (%) (POP) Before Shares Sold 5.06 3.83 2.85 3.52
Fund with Sales Charge (%) (POP) After Shares Sold 4.21 3.66 2.94 3.55
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.06 3.83 2.85 3.52
Fund without Sales Charge (%) (NAV) After Shares Sold 4.21 3.66 2.94 3.55
Fund with Sales Charge (%) (POP) Before Shares Sold 5.06 3.83 2.85 3.52
Fund with Sales Charge (%) (POP) After Shares Sold 4.21 3.66 2.94 3.55

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 7.36 1.02 3.40 1.26 1.00 11.02 -5.04 6.19 10.04 0.42
Fund with Sales Charge (%) (POP) 7.36 1.02 3.40 1.26 1.00 11.02 -5.04 6.19 10.04 0.42
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 04/03/1985
Fund without Sales Charge (%) (NAV) 0.59 0.59 5.06 11.92 15.08 41.37 576.58
Fund with Sales Charge (%) (POP) 0.59 0.59 5.06 11.92 15.08 41.37 576.58
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 0.59 0.59 5.06 11.92 15.08 41.37 576.58
Fund with Sales Charge (%) (POP) 0.59 0.59 5.06 11.92 15.08 41.37 576.58

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.93 2.88 3.49
Standard Deviation (Bloomberg Barclays Municipal Bond Index) 3.48 3.48 3.68
Sharpe Ratio 0.73 0.61 0.84
Information Ratio -0.13 -0.27 -0.50
Tracking Error 0.96 1.24 1.23

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

3 YR 5 YR 10 YR
Beta Bull 0.93 0.86 0.91
Beta Bear 0.68 0.67 0.83
Bull Bear Capture Ratio 1.11 1.06 0.94
Gains/Losses 2.63 2.12 2.15

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

Gross Expense Ratio 0.58%
Net Expense Ratio [further-information] 0.58%
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 0.73
Standard Deviation 2.93

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index