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 09/01/1987
Fund without Sales Charge (%) (NAV) 3.04 3.23 2.93 3.76 5.33
Fund with Sales Charge (%) (POP) -0.82 1.93 2.14 3.37 5.20
Bloomberg Barclays Municipal Bond Index (%) 3.98 3.81 3.74 4.14 5.87
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.39 3.32 2.54 3.82 5.31
Fund with Sales Charge (%) (POP) -0.49 2.01 1.76 3.43 5.19
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.85

Calendar Year Returns

2019 2018
Fund without Sales Charge (%) (NAV) 6.84 0.86
Fund with Sales Charge (%) (POP) 2.84 -2.92
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 09/01/1987
Fund without Sales Charge (%) (NAV) 0.52 3.04 10.02 15.52 44.68 447.18
Fund with Sales Charge (%) (POP) -3.25 -0.82 5.89 11.19 39.26 426.66
Bloomberg Barclays Municipal Bond Index (%) 1.24 3.98 11.87 20.17 49.98 548.50
Quarter EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) -0.74 3.39 10.30 13.36 45.54 440.33
Fund with Sales Charge (%) (POP) -4.46 -0.49 6.17 9.11 40.08 420.07
Bloomberg Barclays Municipal Bond Index (%) -0.63 3.85 12.35 17.00 50.11 536.49

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 3.04 3.23 2.93 3.76
Fund without Sales Charge (%) (NAV) After Shares Sold 2.90 3.20 3.01 3.77
Fund with Sales Charge (%) (POP) Before Shares Sold -0.82 1.93 2.14 3.37
Fund with Sales Charge (%) (POP) After Shares Sold 0.57 2.18 2.39 3.44
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.39 3.32 2.54 3.82
Fund without Sales Charge (%) (NAV) After Shares Sold 3.18 3.29 2.72 3.83
Fund with Sales Charge (%) (POP) Before Shares Sold -0.49 2.01 1.76 3.43
Fund with Sales Charge (%) (POP) After Shares Sold 0.84 2.27 2.10 3.50

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

Gross Expense Ratio 0.81%
Net Expense Ratio [further-information] 0.81%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 05/31/2020 Updated Monthly, based on a 3-year period

Beta 0.99
Sharpe Ratio 0.41
Standard Deviation 3.87

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index