Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 2.90 2.95 2.73 3.33 5.36
Fund with Sales Charge (%) (POP) -0.96 1.65 1.95 2.93 5.23
Bloomberg Barclays Municipal Bond Index (%) 3.98 3.81 3.74 4.14 5.87
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.72 3.08 2.44 3.42 5.35
Fund with Sales Charge (%) (POP) -0.17 1.77 1.66 3.02 5.23
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.85

Calendar Year Returns

2019 2018
Fund without Sales Charge (%) (NAV) 6.49 1.40
Fund with Sales Charge (%) (POP) 2.49 -2.40
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28

Cumulative Total Returns [further-information] As of 03/31/2020

Month EndAs of 05/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 0.85 2.90 9.11 14.43 38.72 452.06
Fund with Sales Charge (%) (POP) -2.93 -0.96 5.02 10.14 33.52 431.36
Bloomberg Barclays Municipal Bond Index (%) 1.24 3.98 11.87 20.17 49.98 548.50
Quarter EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) -0.07 3.72 9.52 12.83 39.93 447.05
Fund with Sales Charge (%) (POP) -3.81 -0.17 5.41 8.60 34.69 426.54
Bloomberg Barclays Municipal Bond Index (%) -0.63 3.85 12.35 17.00 50.11 536.49

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.90 2.95 2.73 3.33
Fund without Sales Charge (%) (NAV) After Shares Sold 2.76 2.94 2.83 3.38
Fund with Sales Charge (%) (POP) Before Shares Sold -0.96 1.65 1.95 2.93
Fund with Sales Charge (%) (POP) After Shares Sold 0.44 1.92 2.21 3.06
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.72 3.08 2.44 3.42
Fund without Sales Charge (%) (NAV) After Shares Sold 3.34 3.06 2.62 3.47
Fund with Sales Charge (%) (POP) Before Shares Sold -0.17 1.77 1.66 3.02
Fund with Sales Charge (%) (POP) After Shares Sold 1.00 2.04 2.00 3.14

SALES CHARGE, EXPENSES & FEES As of 07/01/2020 (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 06/30/2020 Updated Monthly, based on a 3-year period

Beta 0.88
Sharpe Ratio 0.50
Standard Deviation 3.53

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index