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) 6.54 2.18 2.96 3.77 5.50
Fund with Sales Charge (%) (POP) 2.54 0.89 2.17 3.38 5.37
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) 5.53 1.71 2.99 3.87 5.47
Fund with Sales Charge (%) (POP) 1.57 0.42 2.20 3.48 5.34
Bloomberg Barclays Municipal Bond Index (%) 6.71 2.55 3.64 4.72 5.93

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 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) 5.99 6.54 6.68 15.68 44.80 454.16
Fund with Sales Charge (%) (POP) 2.02 2.54 2.68 11.34 39.37 433.37
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) 4.15 5.53 5.21 15.85 46.25 444.52
Fund with Sales Charge (%) (POP) 0.24 1.57 1.26 11.51 40.76 424.09
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 6.54 2.18 2.96 3.76
Fund without Sales Charge (%) (NAV) After Shares Sold 5.34 2.51 3.15 3.86
Fund with Sales Charge (%) (POP) Before Shares Sold 2.54 0.89 2.17 3.36
Fund with Sales Charge (%) (POP) After Shares Sold 2.92 1.50 2.53 3.53
Quarter EndAs of 06/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.53 1.71 2.99 3.86
Fund without Sales Charge (%) (NAV) After Shares Sold 4.76 2.16 3.20 3.96
Fund with Sales Charge (%) (POP) Before Shares Sold 1.57 0.42 2.20 3.46
Fund with Sales Charge (%) (POP) After Shares Sold 2.36 1.16 2.57 3.63

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 08/31/2019 Updated Monthly, based on a 3-year period

Beta 0.66
Sharpe Ratio 0.29
Standard Deviation 2.44

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index