Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.65 2.98 2.46 3.69 5.43
Fund with Sales Charge (%) (POP) -0.23 1.67 1.68 3.30 5.30
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.85
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.65 2.98 2.46 3.69 5.43
Fund with Sales Charge (%) (POP) -0.23 1.67 1.68 3.30 5.30
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) 6.40 1.04
Fund with Sales Charge (%) (POP) 2.41 -2.75
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28

Cumulative Total Returns [further-information] As of 03/31/2020

Month 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) -0.25 3.65 9.20 12.91 43.68 459.36
Fund with Sales Charge (%) (POP) -3.99 -0.23 5.11 8.67 38.29 438.38
Bloomberg Barclays Municipal Bond Index (%) -0.63 3.85 12.35 17.00 50.11 536.49
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) -0.25 3.65 9.20 12.91 43.68 459.36
Fund with Sales Charge (%) (POP) -3.99 -0.23 5.11 8.67 38.29 438.38
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 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.65 2.98 2.46 3.69
Fund without Sales Charge (%) (NAV) After Shares Sold 3.34 3.02 2.66 3.72
Fund with Sales Charge (%) (POP) Before Shares Sold -0.23 1.68 1.68 3.29
Fund with Sales Charge (%) (POP) After Shares Sold 1.00 2.00 2.05 3.39
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.65 2.98 2.46 3.69
Fund without Sales Charge (%) (NAV) After Shares Sold 3.34 3.02 2.66 3.72
Fund with Sales Charge (%) (POP) Before Shares Sold -0.23 1.68 1.68 3.29
Fund with Sales Charge (%) (POP) After Shares Sold 1.00 2.00 2.05 3.39

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

Gross Expense Ratio 0.84%
Net Expense Ratio [further-information] 0.84%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 03/31/2020 Updated Monthly, based on a 3-year period

Beta 0.88
Sharpe Ratio 0.41
Standard Deviation 3.15

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index