Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 01/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 8.06 3.94 2.81 4.13 5.58
Fund with Sales Charge (%) (POP) 8.06 3.94 2.81 4.13 5.58
Bloomberg Barclays Municipal Bond Index (%) 8.65 5.12 3.53 4.47 5.95
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 6.76 3.55 2.85 3.98 5.53
Fund with Sales Charge (%) (POP) 6.76 3.55 2.85 3.98 5.53
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.91

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 12/31/2019

Month EndAs of 01/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 1.78 8.06 12.28 14.84 49.88 480.80
Fund with Sales Charge (%) (POP) 1.78 8.06 12.28 14.84 49.88 480.80
Bloomberg Barclays Municipal Bond Index (%) 1.80 8.65 16.15 18.96 54.89 552.04
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 6.76 6.76 11.04 15.08 47.67 470.65
Fund with Sales Charge (%) (POP) 6.76 6.76 11.04 15.08 47.67 470.65
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 540.53

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 01/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.06 3.94 2.81 4.13
Fund without Sales Charge (%) (NAV) After Shares Sold 6.12 3.80 2.96 4.09
Fund with Sales Charge (%) (POP) Before Shares Sold 8.06 3.94 2.81 4.13
Fund with Sales Charge (%) (POP) After Shares Sold 6.12 3.80 2.96 4.09
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.76 3.55 2.85 3.98
Fund without Sales Charge (%) (NAV) After Shares Sold 5.37 3.51 3.01 3.98
Fund with Sales Charge (%) (POP) Before Shares Sold 6.76 3.55 2.85 3.98
Fund with Sales Charge (%) (POP) After Shares Sold 5.37 3.51 3.01 3.98

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 01/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.99
Standard Deviation 2.31

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index