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) 7.49 3.98 2.71 3.69 5.27
Fund with Sales Charge (%) (POP) 3.46 2.66 1.93 3.30 5.14
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) 6.19 3.50 2.76 3.54 5.23
Fund with Sales Charge (%) (POP) 2.21 2.19 1.97 3.15 5.10
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) 6.19 0.67
Fund with Sales Charge (%) (POP) 2.21 -3.11
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) 1.75 7.49 12.41 14.30 43.73 428.31
Fund with Sales Charge (%) (POP) -2.07 3.46 8.19 10.02 38.34 408.50
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) 6.19 6.19 10.88 14.56 41.61 419.23
Fund with Sales Charge (%) (POP) 2.21 2.21 6.72 10.27 36.30 399.76
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 7.49 3.98 2.71 3.69
Fund without Sales Charge (%) (NAV) After Shares Sold 5.59 3.76 2.81 3.68
Fund with Sales Charge (%) (POP) Before Shares Sold 3.46 2.66 1.93 3.30
Fund with Sales Charge (%) (POP) After Shares Sold 3.17 2.73 2.20 3.35
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.19 3.50 2.76 3.54
Fund without Sales Charge (%) (NAV) After Shares Sold 4.84 3.41 2.87 3.57
Fund with Sales Charge (%) (POP) Before Shares Sold 2.21 2.19 1.97 3.15
Fund with Sales Charge (%) (POP) After Shares Sold 2.44 2.39 2.25 3.24

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

Gross Expense Ratio 0.80%
Net Expense Ratio [further-information] 0.80%
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 0.86
Sharpe Ratio 1.02
Standard Deviation 2.27

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index