Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/18/1986
Fund without Sales Charge (%) (NAV) 9.73 5.07 3.93 5.06 6.07
Fund with Sales Charge (%) (POP) 5.61 3.74 3.14 4.66 5.95
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.99
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/18/1986
Fund without Sales Charge (%) (NAV) 7.58 4.38 3.49 4.94 6.00
Fund with Sales Charge (%) (POP) 3.55 3.06 2.70 4.54 5.88
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.93

Calendar Year Returns

2019 2018
Fund without Sales Charge (%) (NAV) 7.58 1.88
Fund with Sales Charge (%) (POP) 3.55 -1.94
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28

Cumulative Total Returns [further-information] As of 12/31/2019

Month EndAs of 02/29/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/18/1986
Fund without Sales Charge (%) (NAV) 3.35 9.73 15.98 21.24 63.86 640.32
Fund with Sales Charge (%) (POP) -0.53 5.61 11.64 16.70 57.72 612.56
Bloomberg Barclays Municipal Bond Index (%) 3.11 9.46 16.83 21.75 55.38 621.10
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/18/1986
Fund without Sales Charge (%) (NAV) 7.58 7.58 13.74 18.69 61.90 616.32
Fund with Sales Charge (%) (POP) 3.55 3.55 9.47 14.24 55.83 589.46
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 599.36

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 9.73 5.07 3.93 5.06
Fund without Sales Charge (%) (NAV) After Shares Sold 7.50 4.88 3.99 4.97
Fund with Sales Charge (%) (POP) Before Shares Sold 5.61 3.74 3.14 4.66
Fund with Sales Charge (%) (POP) After Shares Sold 5.00 3.83 3.36 4.63
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.58 4.39 3.49 4.94
Fund without Sales Charge (%) (NAV) After Shares Sold 6.29 4.38 3.67 4.90
Fund with Sales Charge (%) (POP) Before Shares Sold 3.55 3.06 2.70 4.54
Fund with Sales Charge (%) (POP) After Shares Sold 3.84 3.34 3.04 4.56

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

Gross Expense Ratio 0.81%
Net Expense Ratio [further-information] 0.81%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 02/29/2020 Updated Monthly, based on a 3-year period

Beta 0.88
Sharpe Ratio 1.37
Standard Deviation 2.47

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index