Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 11/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 6.98 3.67 2.83 3.57 5.23
Fund with Sales Charge (%) (POP) 2.97 2.36 2.04 3.18 5.11
Bloomberg Barclays Municipal Bond Index (%) 8.49 5.03 3.57 4.34 5.92
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.25 2.29 3.01 3.43 5.26
Fund with Sales Charge (%) (POP) 3.23 1.00 2.23 3.04 5.13
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.94

Calendar Year Returns

2018
Fund without Sales Charge (%) (NAV) 0.67
Fund with Sales Charge (%) (POP) -3.61
Bloomberg Barclays Municipal Bond Index (%) 1.28

Cumulative Total Returns [further-information] As of 09/30/2019

Month EndAs of 11/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 5.96 6.98 11.43 14.96 42.02 418.11
Fund with Sales Charge (%) (POP) 1.99 2.97 7.25 10.65 36.70 398.68
Bloomberg Barclays Municipal Bond Index (%) 7.21 8.49 15.84 19.17 53.00 538.58
Quarter EndAs of 09/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 5.88 7.25 7.03 15.99 40.17 417.73
Fund with Sales Charge (%) (POP) 1.91 3.23 3.02 11.64 34.91 398.31
Bloomberg Barclays Municipal Bond Index (%) 6.75 8.55 9.88 19.68 50.38 535.85

After-Tax Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 11/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.98 3.67 2.83 3.57
Fund without Sales Charge (%) (NAV) After Shares Sold 5.34 3.55 2.93 3.60
Fund with Sales Charge (%) (POP) Before Shares Sold 2.97 2.36 2.04 3.18
Fund with Sales Charge (%) (POP) After Shares Sold 2.92 2.52 2.31 3.27
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.26 2.29 3.01 3.43
Fund without Sales Charge (%) (NAV) After Shares Sold 5.52 2.47 3.08 3.49
Fund with Sales Charge (%) (POP) Before Shares Sold 3.23 1.00 2.23 3.04
Fund with Sales Charge (%) (POP) After Shares Sold 3.09 1.47 2.46 3.16

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 11/30/2019 Updated Monthly, based on a 3-year period

Beta 0.83
Sharpe Ratio 0.98
Standard Deviation 2.12

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index