Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 04/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 1.78 2.51 2.40 3.54 5.42
Fund with Sales Charge (%) (POP) 1.78 2.51 2.40 3.54 5.42
Bloomberg Barclays Municipal Bond Index (%) 2.16 3.27 3.04 3.89 5.79
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.91 3.13 2.59 3.80 5.48
Fund with Sales Charge (%) (POP) 3.91 3.13 2.59 3.80 5.48
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.85

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.76 1.10 2.88 1.50 2.10 11.08 -5.23 8.54 12.17 0.11
Fund with Sales Charge (%) (POP) 6.76 1.10 2.88 1.50 2.10 11.08 -5.23 8.54 12.17 0.11
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 04/30/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) -1.69 1.78 7.71 12.61 41.56 461.00
Fund with Sales Charge (%) (POP) -1.69 1.78 7.71 12.61 41.56 461.00
Bloomberg Barclays Municipal Bond Index (%) -1.88 2.16 10.14 16.14 46.44 528.50
Quarter EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) -0.27 3.91 9.69 13.65 45.23 469.09
Fund with Sales Charge (%) (POP) -0.27 3.91 9.69 13.65 45.23 469.09
Bloomberg Barclays Municipal Bond Index (%) -0.63 3.85 12.35 17.00 50.11 536.49

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 04/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.78 2.51 2.40 3.54
Fund without Sales Charge (%) (NAV) After Shares Sold 2.27 2.69 2.66 3.62
Fund with Sales Charge (%) (POP) Before Shares Sold 1.78 2.51 2.40 3.54
Fund with Sales Charge (%) (POP) After Shares Sold 2.27 2.69 2.66 3.62
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.91 3.13 2.59 3.80
Fund without Sales Charge (%) (NAV) After Shares Sold 3.61 3.18 2.80 3.83
Fund with Sales Charge (%) (POP) Before Shares Sold 3.91 3.13 2.59 3.80
Fund with Sales Charge (%) (POP) After Shares Sold 3.61 3.18 2.80 3.83

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

Gross Expense Ratio 0.59%
Net Expense Ratio [further-information] 0.59%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 04/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.25
Standard Deviation 3.31

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index