Average Annual Total Returns [further-information] As of 06/30/2019

Month EndAs of 08/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.11 2.30 2.96 4.01 5.35
Fund with Sales Charge (%) (POP) 3.09 1.00 2.18 3.61 5.22
Bloomberg Barclays Municipal Bond Index (%) 8.72 3.30 3.85 4.62 5.98
Quarter EndAs of 06/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/01/1987
Fund without Sales Charge (%) (NAV) 5.15 1.84 2.87 4.12 5.31
Fund with Sales Charge (%) (POP) 1.21 0.55 2.08 3.72 5.18
Bloomberg Barclays Municipal Bond Index (%) 6.71 2.55 3.64 4.72 5.93

Calendar Year Returns

2018
Fund without Sales Charge (%) (NAV) 0.59
Fund with Sales Charge (%) (POP) -3.68
Bloomberg Barclays Municipal Bond Index (%) 1.28

Cumulative Total Returns [further-information] As of 06/30/2019

Month EndAs of 08/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 6.36 7.11 7.05 15.71 48.11 429.40
Fund with Sales Charge (%) (POP) 2.37 3.09 3.04 11.37 42.56 409.55
Bloomberg Barclays Municipal Bond Index (%) 7.61 8.72 10.22 20.77 57.03 540.99
Quarter EndAs of 06/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 4.27 5.15 5.63 15.19 49.68 419.03
Fund with Sales Charge (%) (POP) 0.36 1.21 1.67 10.87 44.07 399.57
Bloomberg Barclays Municipal Bond Index (%) 5.09 6.71 7.85 19.58 58.59 525.99

After-Tax Average Annual Total Returns [further-information] As of 06/30/2019

Month EndAs of 08/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.11 2.30 2.96 4.00
Fund without Sales Charge (%) (NAV) After Shares Sold 5.45 2.48 3.05 3.96
Fund with Sales Charge (%) (POP) Before Shares Sold 3.09 1.00 2.18 3.61
Fund with Sales Charge (%) (POP) After Shares Sold 3.03 1.47 2.42 3.63
Quarter EndAs of 06/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.15 1.85 2.87 4.11
Fund without Sales Charge (%) (NAV) After Shares Sold 4.30 2.15 2.99 4.07
Fund with Sales Charge (%) (POP) Before Shares Sold 1.21 0.56 2.08 3.72
Fund with Sales Charge (%) (POP) After Shares Sold 1.92 1.14 2.37 3.74

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

Gross Expense Ratio 0.91%
Net Expense Ratio [further-information] 0.91%
Max Initial Sales Charge 3.75%
CDSC 0.75%

Volatility Measures [further-information] As of 08/31/2019 Updated Monthly, based on a 3-year period

Beta 0.71
Sharpe Ratio 0.32
Standard Deviation 2.58

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index