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) 4.24 3.32 2.93 3.62 5.28
Fund with Sales Charge (%) (POP) 0.34 2.01 2.15 3.23 5.16
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) 4.28 3.12 2.56 3.64 5.26
Fund with Sales Charge (%) (POP) 0.37 1.82 1.78 3.25 5.14
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) 6.27 0.59
Fund with Sales Charge (%) (POP) 2.28 -3.18
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) 1.98 4.24 10.29 15.56 42.75 439.46
Fund with Sales Charge (%) (POP) -1.84 0.34 6.15 11.23 37.39 419.23
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) 0.47 4.28 9.67 13.47 43.01 431.47
Fund with Sales Charge (%) (POP) -3.29 0.37 5.56 9.21 37.64 411.54
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 4.24 3.32 2.93 3.62
Fund without Sales Charge (%) (NAV) After Shares Sold 3.61 3.24 2.99 3.62
Fund with Sales Charge (%) (POP) Before Shares Sold 0.34 2.01 2.15 3.23
Fund with Sales Charge (%) (POP) After Shares Sold 1.26 2.22 2.37 3.30
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.28 3.12 2.56 3.64
Fund without Sales Charge (%) (NAV) After Shares Sold 3.72 3.10 2.71 3.65
Fund with Sales Charge (%) (POP) Before Shares Sold 0.37 1.82 1.78 3.24
Fund with Sales Charge (%) (POP) After Shares Sold 1.36 2.09 2.09 3.32

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

Gross Expense Ratio 0.91%
Net Expense Ratio [further-information] 0.91%
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 0.75
Sharpe Ratio 0.61
Standard Deviation 2.99

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index