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 09/01/1987
Fund without Sales Charge (%) (NAV) 7.47 3.69 2.91 3.66 5.52
Fund with Sales Charge (%) (POP) 7.47 3.69 2.91 3.66 5.52
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.98
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 6.00 3.23 2.74 3.53 5.47
Fund with Sales Charge (%) (POP) 6.00 3.23 2.74 3.53 5.47
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.91

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 7.47 3.69 2.91 3.65
Fund without Sales Charge (%) (NAV) After Shares Sold 5.93 3.70 3.11 3.76
Fund with Sales Charge (%) (POP) Before Shares Sold 7.47 3.69 2.91 3.65
Fund with Sales Charge (%) (POP) After Shares Sold 5.93 3.70 3.11 3.76
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.00 3.23 2.74 3.52
Fund without Sales Charge (%) (NAV) After Shares Sold 5.10 3.36 3.00 3.67
Fund with Sales Charge (%) (POP) Before Shares Sold 6.00 3.23 2.74 3.52
Fund with Sales Charge (%) (POP) After Shares Sold 5.10 3.36 3.00 3.67

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 6.00 1.81 1.92
Fund with Sales Charge (%) (POP) 6.00 1.81 1.92
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45

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 09/01/1987
Fund without Sales Charge (%) (NAV) 2.53 2.42 7.47 11.50 15.43 43.26 472.85
Fund with Sales Charge (%) (POP) 2.53 2.42 7.47 11.50 15.43 43.26 472.85
Bloomberg Barclays Municipal Bond Index (%) 3.42 3.11 9.46 16.83 21.75 55.38 560.45
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 0.19 6.00 6.00 10.00 14.50 41.46 459.32
Fund with Sales Charge (%) (POP) 0.19 6.00 6.00 10.00 14.50 41.46 459.32
Bloomberg Barclays Municipal Bond Index (%) 0.74 7.54 7.54 14.85 18.93 52.95 540.53

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

1 YR
Standard Deviation (Fund)

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

3 YR 5 YR 10 YR
Beta Bull 0.65 0.68
Beta Bear 0.67 0.66 0.80
Bull Bear Capture Ratio 0.98 0.98 0.90
Gains/Losses 2.28 2.01 2.06

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

Gross Expense Ratio 0.58%
Net Expense Ratio [further-information] 0.56%
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
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