Average Annual Total Returns [further-information] As of 06/30/2019

Month EndAs of 08/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 12/01/1986
Fund without Sales Charge (%) (NAV) 6.19 2.15 2.97 3.97 5.25
Fund with Sales Charge (%) (POP) 2.21 0.86 2.19 3.57 5.13
Bloomberg Barclays Municipal Bond Index (%) 8.72 3.30 3.85 4.62 5.85
Quarter EndAs of 06/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 12/01/1986
Fund without Sales Charge (%) (NAV) 4.92 1.71 2.98 4.09 5.22
Fund with Sales Charge (%) (POP) 0.99 0.42 2.20 3.69 5.10
Bloomberg Barclays Municipal Bond Index (%) 6.71 2.55 3.64 4.72 5.81

Calendar Year Returns

2018
Fund without Sales Charge (%) (NAV) 1.34
Fund with Sales Charge (%) (POP) -2.97
Bloomberg Barclays Municipal Bond Index (%) 1.28

Cumulative Total Returns [further-information] As of 06/30/2019

Month EndAs of 08/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/01/1986
Fund without Sales Charge (%) (NAV) 5.72 6.19 6.59 15.76 47.61 434.18
Fund with Sales Charge (%) (POP) 1.75 2.21 2.59 11.42 42.07 414.15
Bloomberg Barclays Municipal Bond Index (%) 7.61 8.72 10.22 20.77 57.03 544.13
Quarter EndAs of 06/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/01/1986
Fund without Sales Charge (%) (NAV) 3.83 4.92 5.20 15.82 49.32 424.65
Fund with Sales Charge (%) (POP) -0.07 0.99 1.26 11.48 43.72 404.97
Bloomberg Barclays Municipal Bond Index (%) 5.09 6.71 7.85 19.58 58.59 529.06

After-Tax Average Annual Total Returns [further-information] As of 06/30/2019

Month EndAs of 08/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.19 2.15 2.97 3.97
Fund without Sales Charge (%) (NAV) After Shares Sold 5.07 2.47 3.13 3.99
Fund with Sales Charge (%) (POP) Before Shares Sold 2.21 0.86 2.19 3.57
Fund with Sales Charge (%) (POP) After Shares Sold 2.66 1.46 2.51 3.66
Quarter EndAs of 06/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.92 1.70 2.98 4.09
Fund without Sales Charge (%) (NAV) After Shares Sold 4.36 2.14 3.16 4.11
Fund with Sales Charge (%) (POP) Before Shares Sold 0.99 0.42 2.20 3.69
Fund with Sales Charge (%) (POP) After Shares Sold 1.98 1.14 2.54 3.77

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

Gross Expense Ratio 0.83%
Net Expense Ratio [further-information] 0.83%
Max Initial Sales Charge 3.75%
CDSC 0.75%

Volatility Measures [further-information] As of 08/31/2019 Updated Monthly, based on a 3-year period

Beta 0.63
Sharpe Ratio 0.29
Standard Deviation 2.32

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index