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 03/18/1986
Fund without Sales Charge (%) (NAV) 1.72 3.25 3.47 4.43 5.90
Fund with Sales Charge (%) (POP) -2.09 1.94 2.68 4.03 5.78
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.90
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/18/1986
Fund without Sales Charge (%) (NAV) 1.72 3.25 3.47 4.43 5.90
Fund with Sales Charge (%) (POP) -2.09 1.94 2.68 4.03 5.78
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.90

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 06/30/2020

Month EndAs of 06/30/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/18/1986
Fund without Sales Charge (%) (NAV) -0.27 1.72 10.06 18.58 54.22 614.40
Fund with Sales Charge (%) (POP) -4.01 -2.09 5.93 14.13 48.43 587.61
Bloomberg Barclays Municipal Bond Index (%) 2.08 4.45 13.20 21.26 51.12 613.88
Quarter EndAs of 06/30/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/18/1986
Fund without Sales Charge (%) (NAV) -0.27 1.72 10.06 18.58 54.22 614.40
Fund with Sales Charge (%) (POP) -4.01 -2.09 5.93 14.13 48.43 587.61
Bloomberg Barclays Municipal Bond Index (%) 2.08 4.45 13.20 21.26 51.12 613.88

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 1.72 3.25 3.47 4.43
Fund without Sales Charge (%) (NAV) After Shares Sold 2.59 3.48 3.66 4.47
Fund with Sales Charge (%) (POP) Before Shares Sold -2.09 1.94 2.68 4.03
Fund with Sales Charge (%) (POP) After Shares Sold 0.27 2.46 3.03 4.14
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.72 3.25 3.47 4.43
Fund without Sales Charge (%) (NAV) After Shares Sold 2.59 3.48 3.66 4.47
Fund with Sales Charge (%) (POP) Before Shares Sold -2.09 1.94 2.68 4.03
Fund with Sales Charge (%) (POP) After Shares Sold 0.27 2.46 3.03 4.14

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

Gross Expense Ratio 0.79%
Net Expense Ratio [further-information] 0.79%
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 1.21
Sharpe Ratio 0.32
Standard Deviation 5.01

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index