Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 5.61 3.04 2.59 3.44 5.43
Fund with Sales Charge (%) (POP) 1.65 1.74 1.81 3.05 5.30
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.91
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 5.61 3.04 2.59 3.44 5.43
Fund with Sales Charge (%) (POP) 1.65 1.74 1.81 3.05 5.30
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.91

Calendar Year Returns

2019 2018
Fund without Sales Charge (%) (NAV) 5.61 1.84
Fund with Sales Charge (%) (POP) 1.65 -2.49
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28

Cumulative Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 5.61 5.61 9.41 13.62 40.31 452.16
Fund with Sales Charge (%) (POP) 1.65 1.65 5.30 9.36 35.05 431.45
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 540.53
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 5.61 5.61 9.41 13.62 40.31 452.16
Fund with Sales Charge (%) (POP) 1.65 1.65 5.30 9.36 35.05 431.45
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 540.53

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.61 3.04 2.59 3.43
Fund without Sales Charge (%) (NAV) After Shares Sold 4.75 3.18 2.85 3.59
Fund with Sales Charge (%) (POP) Before Shares Sold 1.65 1.74 1.81 3.04
Fund with Sales Charge (%) (POP) After Shares Sold 2.35 2.16 2.23 3.26
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.61 3.04 2.59 3.43
Fund without Sales Charge (%) (NAV) After Shares Sold 4.75 3.18 2.85 3.59
Fund with Sales Charge (%) (POP) Before Shares Sold 1.65 1.74 1.81 3.04
Fund with Sales Charge (%) (POP) After Shares Sold 2.35 2.16 2.23 3.26

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 12/31/2019 Updated Monthly, based on a 3-year period

Beta 0.67
Sharpe Ratio 0.78
Standard Deviation 1.82

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index