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

Month EndAs of 01/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.70 3.78 2.65 3.68 5.44
Fund with Sales Charge (%) (POP) 3.66 2.47 1.87 3.29 5.32
Bloomberg Barclays Municipal Bond Index (%) 8.65 5.12 3.53 4.47 5.95
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 6.49 3.32 2.73 3.55 5.40
Fund with Sales Charge (%) (POP) 2.49 2.01 1.95 3.16 5.27
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.91

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 12/31/2019

Month EndAs of 01/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 1.74 7.70 11.79 13.99 43.60 456.96
Fund with Sales Charge (%) (POP) -2.07 3.66 7.60 9.72 38.21 436.08
Bloomberg Barclays Municipal Bond Index (%) 1.80 8.65 16.15 18.96 54.89 552.04
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 6.49 6.49 10.30 14.42 41.76 447.42
Fund with Sales Charge (%) (POP) 2.49 2.49 6.16 10.13 36.44 426.89
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 540.53

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

Month EndAs of 01/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.70 3.78 2.65 3.68
Fund without Sales Charge (%) (NAV) After Shares Sold 5.75 3.61 2.78 3.68
Fund with Sales Charge (%) (POP) Before Shares Sold 3.66 2.47 1.87 3.29
Fund with Sales Charge (%) (POP) After Shares Sold 3.31 2.58 2.16 3.35
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.49 3.32 2.73 3.55
Fund without Sales Charge (%) (NAV) After Shares Sold 5.05 3.26 2.85 3.58
Fund with Sales Charge (%) (POP) Before Shares Sold 2.49 2.01 1.95 3.16
Fund with Sales Charge (%) (POP) After Shares Sold 2.64 2.24 2.23 3.25

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

Gross Expense Ratio 0.84%
Net Expense Ratio [further-information] 0.84%
Max Initial Sales Charge 3.75%
CDSC 0.75%

Volatility Measures [further-information] As of 01/31/2020 Updated Monthly, based on a 3-year period

Beta 0.81
Sharpe Ratio 0.95
Standard Deviation 2.23

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index