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) 4.09 3.23 3.08 3.39 5.21
Fund with Sales Charge (%) (POP) 0.19 1.92 2.29 3.00 5.09
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) 4.10 3.27 2.60 3.44 5.19
Fund with Sales Charge (%) (POP) 0.19 1.96 1.82 3.05 5.07
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) 6.19 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 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) 1.77 4.09 10.01 16.36 39.58 428.40
Fund with Sales Charge (%) (POP) -2.05 0.19 5.88 12.00 34.35 408.59
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) 0.25 4.10 10.13 13.70 40.31 420.55
Fund with Sales Charge (%) (POP) -3.50 0.19 6.00 9.44 35.04 401.03
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 4.09 3.23 3.08 3.39
Fund without Sales Charge (%) (NAV) After Shares Sold 3.45 3.16 3.09 3.43
Fund with Sales Charge (%) (POP) Before Shares Sold 0.19 1.92 2.29 3.00
Fund with Sales Charge (%) (POP) After Shares Sold 1.10 2.14 2.47 3.10
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.10 3.27 2.60 3.44
Fund without Sales Charge (%) (NAV) After Shares Sold 3.53 3.21 2.73 3.48
Fund with Sales Charge (%) (POP) Before Shares Sold 0.19 1.96 1.82 3.05
Fund with Sales Charge (%) (POP) After Shares Sold 1.18 2.19 2.11 3.16

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

Gross Expense Ratio 0.80%
Net Expense Ratio [further-information] 0.80%
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 0.90
Sharpe Ratio 0.52
Standard Deviation 3.55

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index