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

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 8.56 4.27 3.11 3.72 5.63
Fund with Sales Charge (%) (POP) 4.49 2.95 2.33 3.32 5.51
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 6.54
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 6.60 3.56 2.61 3.55 5.57
Fund with Sales Charge (%) (POP) 2.60 2.25 1.83 3.16 5.45
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) 6.60 0.26
Fund with Sales Charge (%) (POP) 2.60 -3.50
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28

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

Month EndAs of 02/29/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 2.99 8.56 13.37 16.56 44.04 576.12
Fund with Sales Charge (%) (POP) -0.87 4.49 9.12 12.19 38.64 550.77
Bloomberg Barclays Municipal Bond Index (%) 3.11 9.46 16.83 21.75 55.38 812.79
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) 6.60 6.60 11.08 13.76 41.80 556.46
Fund with Sales Charge (%) (POP) 2.60 2.60 6.91 9.49 36.48 531.85
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 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.56 4.27 3.11 3.72
Fund without Sales Charge (%) (NAV) After Shares Sold 6.11 3.91 3.04 3.61
Fund with Sales Charge (%) (POP) Before Shares Sold 4.49 2.95 2.33 3.32
Fund with Sales Charge (%) (POP) After Shares Sold 3.66 2.88 2.43 3.28
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.59 3.56 2.61 3.55
Fund without Sales Charge (%) (NAV) After Shares Sold 4.99 3.39 2.67 3.50
Fund with Sales Charge (%) (POP) Before Shares Sold 2.60 2.25 1.83 3.16
Fund with Sales Charge (%) (POP) After Shares Sold 2.58 2.36 2.06 3.17

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 1.00%

Volatility Measures [further-information] As of 02/29/2020 Updated Monthly, based on a 3-year period

Beta 0.96
Sharpe Ratio 1.03
Standard Deviation 2.53

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index