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) 6.45 3.19 2.62 3.49 5.44
Fund with Sales Charge (%) (POP) 2.46 1.88 1.84 3.09 5.31
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) 6.53 2.12 2.84 3.37 5.47
Fund with Sales Charge (%) (POP) 2.53 0.83 2.05 2.98 5.34
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.94

Calendar Year Returns

2018
Fund without Sales Charge (%) (NAV) 1.84
Fund with Sales Charge (%) (POP) -2.49
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) 5.52 6.45 9.87 13.83 40.87 451.71
Fund with Sales Charge (%) (POP) 1.57 2.46 5.75 9.56 35.58 431.02
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) 5.48 6.53 6.49 15.01 39.35 451.50
Fund with Sales Charge (%) (POP) 1.53 2.53 2.50 10.70 34.12 430.81
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 6.45 3.19 2.62 3.47
Fund without Sales Charge (%) (NAV) After Shares Sold 5.26 3.29 2.88 3.63
Fund with Sales Charge (%) (POP) Before Shares Sold 2.46 1.88 1.84 3.08
Fund with Sales Charge (%) (POP) After Shares Sold 2.84 2.27 2.26 3.30
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.53 2.12 2.84 3.36
Fund without Sales Charge (%) (NAV) After Shares Sold 5.33 2.46 3.06 3.53
Fund with Sales Charge (%) (POP) Before Shares Sold 2.53 0.82 2.05 2.97
Fund with Sales Charge (%) (POP) After Shares Sold 2.91 1.46 2.44 3.21

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

Gross Expense Ratio 0.85%
Net Expense Ratio [further-information] 0.85%
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 0.66
Sharpe Ratio 0.87
Standard Deviation 1.83

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index