Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.87 3.33 3.07 3.71 5.45
Fund with Sales Charge (%) (POP) -0.02 2.02 2.28 3.31 5.33
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.89
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.87 3.33 3.07 3.71 5.45
Fund with Sales Charge (%) (POP) -0.02 2.02 2.28 3.31 5.33
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.89

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 06/30/2020

Month EndAs of 06/30/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 1.84 3.87 10.31 16.30 43.88 471.09
Fund with Sales Charge (%) (POP) -1.98 -0.02 6.18 11.94 38.49 449.68
Bloomberg Barclays Municipal Bond Index (%) 2.08 4.45 13.20 21.26 51.12 553.83
Quarter EndAs of 06/30/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 1.84 3.87 10.31 16.30 43.88 471.09
Fund with Sales Charge (%) (POP) -1.98 -0.02 6.18 11.94 38.49 449.68
Bloomberg Barclays Municipal Bond Index (%) 2.08 4.45 13.20 21.26 51.12 553.83

After-Tax Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.87 3.32 3.07 3.71
Fund without Sales Charge (%) (NAV) After Shares Sold 3.38 3.25 3.12 3.71
Fund with Sales Charge (%) (POP) Before Shares Sold -0.02 2.02 2.28 3.31
Fund with Sales Charge (%) (POP) After Shares Sold 1.03 2.23 2.50 3.38
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.87 3.32 3.07 3.71
Fund without Sales Charge (%) (NAV) After Shares Sold 3.38 3.25 3.12 3.71
Fund with Sales Charge (%) (POP) Before Shares Sold -0.02 2.02 2.28 3.31
Fund with Sales Charge (%) (POP) After Shares Sold 1.03 2.23 2.50 3.38

SALES CHARGE, EXPENSES & FEES As of 07/01/2020 (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 06/30/2020 Updated Monthly, based on a 3-year period

Beta 0.93
Sharpe Ratio 0.46
Standard Deviation 3.68

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index