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

Month EndAs of 11/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.47 3.70 2.94 4.02 5.54
Fund with Sales Charge (%) (POP) 7.47 3.70 2.94 4.02 5.54
Bloomberg Barclays Municipal Bond Index (%) 8.49 5.03 3.57 4.34 5.92
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.83 2.52 3.22 3.85 5.57
Fund with Sales Charge (%) (POP) 7.83 2.52 3.22 3.85 5.57
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.94

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 1.10 2.88 1.50 2.10 11.08 -5.23 8.54 12.17 0.11 16.79
Fund with Sales Charge (%) (POP) 1.10 2.88 1.50 2.10 11.08 -5.23 8.54 12.17 0.11 16.79
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 11/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 6.50 7.47 11.50 15.56 48.37 469.26
Fund with Sales Charge (%) (POP) 6.50 7.47 11.50 15.56 48.37 469.26
Bloomberg Barclays Municipal Bond Index (%) 7.21 8.49 15.84 19.17 53.00 538.58
Quarter EndAs of 09/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 6.53 7.83 7.76 17.14 45.90 469.42
Fund with Sales Charge (%) (POP) 6.53 7.83 7.76 17.14 45.90 469.42
Bloomberg Barclays Municipal Bond Index (%) 6.75 8.55 9.88 19.68 50.38 535.85

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

Month EndAs of 11/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.47 3.69 2.93 4.02
Fund without Sales Charge (%) (NAV) After Shares Sold 5.82 3.63 3.08 4.02
Fund with Sales Charge (%) (POP) Before Shares Sold 7.47 3.69 2.93 4.02
Fund with Sales Charge (%) (POP) After Shares Sold 5.82 3.63 3.08 4.02
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.83 2.52 3.22 3.85
Fund without Sales Charge (%) (NAV) After Shares Sold 6.06 2.72 3.31 3.88
Fund with Sales Charge (%) (POP) Before Shares Sold 7.83 2.52 3.22 3.85
Fund with Sales Charge (%) (POP) After Shares Sold 6.06 2.72 3.31 3.88

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 11/30/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.97
Standard Deviation 2.16

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index