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

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/07/1983
Fund without Sales Charge (%) (NAV) 2.94 3.02 2.85 3.88 6.20
Fund with Sales Charge (%) (POP) -0.92 1.72 2.07 3.48 6.09
Bloomberg Barclays Municipal Bond Index (%) 3.98 3.81 3.74 4.14 6.57
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/07/1983
Fund without Sales Charge (%) (NAV) 3.51 3.08 2.45 3.95 6.20
Fund with Sales Charge (%) (POP) -0.37 1.78 1.67 3.55 6.08
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 6.55

Calendar Year Returns

2019 2018
Fund without Sales Charge (%) (NAV) 6.69 0.56
Fund with Sales Charge (%) (POP) 2.69 -3.21
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28

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

Month EndAs of 05/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/07/1983
Fund without Sales Charge (%) (NAV) 0.67 2.94 9.35 15.09 46.33 806.56
Fund with Sales Charge (%) (POP) -3.10 -0.92 5.25 10.78 40.85 772.56
Bloomberg Barclays Municipal Bond Index (%) 1.24 3.98 11.87 20.17 49.98 929.76
Quarter EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/07/1983
Fund without Sales Charge (%) (NAV) -0.47 3.51 9.53 12.85 47.31 796.26
Fund with Sales Charge (%) (POP) -4.21 -0.37 5.42 8.62 41.79 762.64
Bloomberg Barclays Municipal Bond Index (%) -0.63 3.85 12.35 17.00 50.11 910.69

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

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.94 3.02 2.85 3.88
Fund without Sales Charge (%) (NAV) After Shares Sold 2.95 3.11 3.01 3.89
Fund with Sales Charge (%) (POP) Before Shares Sold -0.92 1.72 2.07 3.48
Fund with Sales Charge (%) (POP) After Shares Sold 0.62 2.09 2.39 3.56
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.51 3.08 2.45 3.95
Fund without Sales Charge (%) (NAV) After Shares Sold 3.35 3.18 2.71 3.96
Fund with Sales Charge (%) (POP) Before Shares Sold -0.37 1.78 1.67 3.55
Fund with Sales Charge (%) (POP) After Shares Sold 1.01 2.16 2.09 3.63

SALES CHARGE, EXPENSES & FEES As of 09/01/2019 (updated annually)

Gross Expense Ratio 0.78%
Net Expense Ratio [further-information] 0.78%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 06/30/2020 Updated Monthly, based on a 3-year period

Beta 1.01
Sharpe Ratio 0.45
Standard Deviation 3.96

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index