Average Annual Total Returns [further-information] As of 06/30/2019

Month EndAs of 08/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 04/03/1985
Fund without Sales Charge (%) (NAV) 8.63 2.75 3.08 3.71 5.64
Fund with Sales Charge (%) (POP) 4.55 1.45 2.29 3.32 5.53
Bloomberg Barclays Municipal Bond Index (%) 8.72 3.30 3.85 4.62 6.54
Quarter EndAs of 06/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 04/03/1985
Fund without Sales Charge (%) (NAV) 6.24 2.08 2.92 3.75 5.60
Fund with Sales Charge (%) (POP) 2.26 0.78 2.14 3.35 5.48
Bloomberg Barclays Municipal Bond Index (%) 6.71 2.55 3.64 4.72 6.50

Calendar Year Returns

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

Cumulative Total Returns [further-information] As of 06/30/2019

Month EndAs of 08/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 7.57 8.63 8.49 16.37 44.01 561.63
Fund with Sales Charge (%) (POP) 3.54 4.55 4.42 12.01 38.61 536.82
Bloomberg Barclays Municipal Bond Index (%) 7.61 8.72 10.22 20.77 57.03 785.89
Quarter EndAs of 06/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 4.94 6.24 6.36 15.51 44.45 545.47
Fund with Sales Charge (%) (POP) 1.01 2.26 2.37 11.17 39.04 521.26
Bloomberg Barclays Municipal Bond Index (%) 5.09 6.71 7.85 19.58 58.59 765.16

After-Tax Average Annual Total Returns [further-information] As of 06/30/2019

Month EndAs of 08/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.63 2.75 3.08 3.71
Fund without Sales Charge (%) (NAV) After Shares Sold 6.29 2.82 3.11 3.70
Fund with Sales Charge (%) (POP) Before Shares Sold 4.55 1.45 2.29 3.32
Fund with Sales Charge (%) (POP) After Shares Sold 3.83 1.80 2.49 3.38
Quarter EndAs of 06/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.24 2.08 2.92 3.74
Fund without Sales Charge (%) (NAV) After Shares Sold 4.90 2.31 3.01 3.75
Fund with Sales Charge (%) (POP) Before Shares Sold 2.25 0.78 2.14 3.35
Fund with Sales Charge (%) (POP) After Shares Sold 2.50 1.31 2.39 3.42

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 08/31/2019 Updated Monthly, based on a 3-year period

Beta 0.78
Sharpe Ratio 0.45
Standard Deviation 2.84

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index