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

Month EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 7.20 3.76 2.66 3.45 5.58
Fund with Sales Charge (%) (POP) 3.18 2.45 1.87 3.06 5.46
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 6.48
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 7.20 3.76 2.66 3.45 5.58
Fund with Sales Charge (%) (POP) 3.18 2.45 1.87 3.06 5.46
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 6.48

Calendar Year Returns

2019 2018
Fund without Sales Charge (%) (NAV) 7.20 0.87
Fund with Sales Charge (%) (POP) 3.18 -3.41
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28

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

Month EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 7.20 7.20 11.71 14.00 40.40 559.34
Fund with Sales Charge (%) (POP) 3.18 3.18 7.52 9.73 35.13 534.61
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 785.26
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 7.20 7.20 11.71 14.00 40.40 559.34
Fund with Sales Charge (%) (POP) 3.18 3.18 7.52 9.73 35.13 534.61
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 785.26

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

Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.20 3.76 2.66 3.45
Fund without Sales Charge (%) (NAV) After Shares Sold 5.40 3.59 2.77 3.48
Fund with Sales Charge (%) (POP) Before Shares Sold 3.17 2.45 1.87 3.05
Fund with Sales Charge (%) (POP) After Shares Sold 2.98 2.56 2.15 3.16
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.20 3.76 2.66 3.45
Fund without Sales Charge (%) (NAV) After Shares Sold 5.40 3.59 2.77 3.48
Fund with Sales Charge (%) (POP) Before Shares Sold 3.17 2.45 1.87 3.05
Fund with Sales Charge (%) (POP) After Shares Sold 2.98 2.56 2.15 3.16

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

Gross Expense Ratio 0.83%
Net Expense Ratio [further-information] 0.83%
Max Initial Sales Charge 3.75%
CDSC 0.75%

Volatility Measures [further-information] As of 12/31/2019 Updated Monthly, based on a 3-year period

Beta 0.88
Sharpe Ratio 0.94
Standard Deviation 2.27

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index