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

Month EndAs of 07/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 4.10 3.42 2.99 3.59 5.38
Fund with Sales Charge (%) (POP) 0.20 2.12 2.21 3.20 5.25
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.20 3.08 2.77 3.54 5.34
Fund with Sales Charge (%) (POP) -0.67 1.77 1.99 3.15 5.22
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) 6.09 0.53
Fund with Sales Charge (%) (POP) 2.11 -3.24
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28

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

Month EndAs of 07/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 2.95 4.10 10.63 15.90 42.29 460.53
Fund with Sales Charge (%) (POP) -0.92 0.20 6.48 11.55 36.96 439.52
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) 1.45 3.20 9.51 14.66 41.65 452.41
Fund with Sales Charge (%) (POP) -2.35 -0.67 5.41 10.36 36.34 431.70
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 07/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.10 3.42 2.99 3.59
Fund without Sales Charge (%) (NAV) After Shares Sold 3.51 3.33 3.04 3.59
Fund with Sales Charge (%) (POP) Before Shares Sold 0.20 2.12 2.21 3.19
Fund with Sales Charge (%) (POP) After Shares Sold 1.15 2.31 2.42 3.26
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.20 3.08 2.77 3.54
Fund without Sales Charge (%) (NAV) After Shares Sold 2.99 3.07 2.88 3.56
Fund with Sales Charge (%) (POP) Before Shares Sold -0.67 1.77 1.99 3.15
Fund with Sales Charge (%) (POP) After Shares Sold 0.66 2.06 2.26 3.24

SALES CHARGE, EXPENSES & FEES As of 07/01/2020 (updated annually)

Gross Expense Ratio 0.86%
Net Expense Ratio [further-information] 0.86%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 07/31/2020 Updated Monthly, based on a 3-year period

Beta 0.93
Sharpe Ratio 0.49
Standard Deviation 3.69

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index