Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 07/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.50 3.18 3.02 3.31 5.41
Fund with Sales Charge (%) (POP) -0.38 1.87 2.23 2.91 5.28
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 2.38 2.82 2.69 3.23 5.37
Fund with Sales Charge (%) (POP) -1.46 1.52 1.91 2.84 5.25
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.89

Calendar Year Returns

2019 2018
Fund without Sales Charge (%) (NAV) 5.61 1.84
Fund with Sales Charge (%) (POP) 1.65 -1.98
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28

Cumulative Total Returns [further-information] As of 06/30/2020

Month EndAs of 07/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 2.46 3.50 9.84 16.02 38.48 465.74
Fund with Sales Charge (%) (POP) -1.38 -0.38 5.72 11.67 33.29 444.52
Quarter EndAs of 06/30/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 0.97 2.38 8.70 14.20 37.45 457.50
Fund with Sales Charge (%) (POP) -2.82 -1.46 4.62 9.92 32.30 436.59
Bloomberg Barclays Municipal Bond Index (%) 2.08 4.45 13.20 21.26 51.12 553.83

After-Tax Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 07/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.50 3.18 3.02 3.30
Fund without Sales Charge (%) (NAV) After Shares Sold 3.34 3.24 3.16 3.45
Fund with Sales Charge (%) (POP) Before Shares Sold -0.38 1.87 2.23 2.90
Fund with Sales Charge (%) (POP) After Shares Sold 1.00 2.21 2.53 3.13
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.38 2.82 2.69 3.22
Fund without Sales Charge (%) (NAV) After Shares Sold 2.70 2.97 2.91 3.40
Fund with Sales Charge (%) (POP) Before Shares Sold -1.45 1.52 1.91 2.83
Fund with Sales Charge (%) (POP) After Shares Sold 0.38 1.96 2.29 3.08

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

Gross Expense Ratio 0.85%
Net Expense Ratio [further-information] 0.85%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 07/31/2020 Updated Monthly, based on a 3-year period

Beta 0.75
Sharpe Ratio 0.51
Standard Deviation 3.09

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index