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) 8.60 4.67 3.58 4.08 5.78
Fund with Sales Charge (%) (POP) 4.53 3.34 2.79 3.69 5.67
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) 6.56 3.93 3.20 3.87 5.72
Fund with Sales Charge (%) (POP) 2.56 2.62 2.41 3.48 5.61
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) 6.56 0.68
Fund with Sales Charge (%) (POP) 2.56 -3.09
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) 2.91 8.60 14.67 19.20 49.23 611.31
Fund with Sales Charge (%) (POP) -0.95 4.53 10.37 14.73 43.63 584.64
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) 6.56 6.56 12.27 17.06 46.23 591.23
Fund with Sales Charge (%) (POP) 2.56 2.56 8.06 12.67 40.74 565.31
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 8.60 4.67 3.57 4.08
Fund without Sales Charge (%) (NAV) After Shares Sold 6.25 4.26 3.45 3.96
Fund with Sales Charge (%) (POP) Before Shares Sold 4.53 3.34 2.79 3.69
Fund with Sales Charge (%) (POP) After Shares Sold 3.80 3.22 2.83 3.63
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.56 3.93 3.20 3.87
Fund without Sales Charge (%) (NAV) After Shares Sold 5.07 3.71 3.18 3.81
Fund with Sales Charge (%) (POP) Before Shares Sold 2.56 2.62 2.41 3.48
Fund with Sales Charge (%) (POP) After Shares Sold 2.66 2.68 2.56 3.48

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

Gross Expense Ratio 0.80%
Net Expense Ratio [further-information] 0.80%
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 0.93
Sharpe Ratio 1.21
Standard Deviation 2.46

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index