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 12/01/1986
Fund without Sales Charge (%) (NAV) 3.78 3.21 3.10 3.46 5.17
Fund with Sales Charge (%) (POP) -0.11 1.90 2.31 3.07 5.05
Bloomberg Barclays Municipal Bond Index (%) 5.36 4.52 4.13 4.26 5.80
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/01/1986
Fund without Sales Charge (%) (NAV) 2.79 2.90 2.81 3.41 5.15
Fund with Sales Charge (%) (POP) -1.06 1.60 2.03 3.02 5.03
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.77

Calendar Year Returns

2019 2018
Fund without Sales Charge (%) (NAV) 5.26 1.34
Fund with Sales Charge (%) (POP) 1.32 -2.46
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 12/01/1986
Fund without Sales Charge (%) (NAV) 2.74 3.78 9.94 16.48 40.53 446.47
Fund with Sales Charge (%) (POP) -1.11 -0.11 5.82 12.11 35.26 425.97
Bloomberg Barclays Municipal Bond Index (%) 3.80 5.36 14.18 22.42 51.77 568.11
Quarter EndAs of 06/30/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/01/1986
Fund without Sales Charge (%) (NAV) 1.39 2.79 8.95 14.87 39.85 439.29
Fund with Sales Charge (%) (POP) -2.41 -1.06 4.87 10.56 34.61 419.06
Bloomberg Barclays Municipal Bond Index (%) 2.08 4.45 13.20 21.26 51.12 557.04

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 3.78 3.21 3.10 3.46
Fund without Sales Charge (%) (NAV) After Shares Sold 3.40 3.23 3.18 3.54
Fund with Sales Charge (%) (POP) Before Shares Sold -0.12 1.90 2.31 3.07
Fund with Sales Charge (%) (POP) After Shares Sold 1.05 2.21 2.56 3.21
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.79 2.90 2.81 3.41
Fund without Sales Charge (%) (NAV) After Shares Sold 2.83 3.00 2.97 3.51
Fund with Sales Charge (%) (POP) Before Shares Sold -1.06 1.60 2.03 3.02
Fund with Sales Charge (%) (POP) After Shares Sold 0.51 1.98 2.35 3.18

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

Gross Expense Ratio 0.82%
Net Expense Ratio [further-information] 0.82%
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 0.73
Sharpe Ratio 0.54
Standard Deviation 2.97

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index