Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/03/1988
Fund without Sales Charge (%) (NAV) 2.07 2.34 2.16 2.73 4.76
Fund with Sales Charge (%) (POP) -1.76 1.05 1.38 2.34 4.63
Bloomberg Barclays Municipal Bond Index (%) 3.98 3.81 3.74 4.14 5.79
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/03/1988
Fund without Sales Charge (%) (NAV) 2.74 2.29 1.89 2.85 4.76
Fund with Sales Charge (%) (POP) -1.11 1.00 1.11 2.45 4.63
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.76

Calendar Year Returns

2019 2018
Fund without Sales Charge (%) (NAV) 4.97 0.92
Fund with Sales Charge (%) (POP) 1.04 -2.86
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28

Cumulative Total Returns [further-information] As of 03/31/2020

Month EndAs of 05/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/03/1988
Fund without Sales Charge (%) (NAV) 0.32 2.07 7.19 11.26 30.91 335.57
Fund with Sales Charge (%) (POP) -3.44 -1.76 3.17 7.09 26.00 319.24
Bloomberg Barclays Municipal Bond Index (%) 1.24 3.98 11.87 20.17 49.98 494.22
Quarter EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/03/1988
Fund without Sales Charge (%) (NAV) -0.41 2.74 7.03 9.80 32.41 332.38
Fund with Sales Charge (%) (POP) -4.15 -1.11 3.02 5.68 27.45 316.16
Bloomberg Barclays Municipal Bond Index (%) -0.63 3.85 12.35 17.00 50.11 483.22

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.07 2.34 2.16 2.73
Fund without Sales Charge (%) (NAV) After Shares Sold 2.36 2.52 2.41 2.92
Fund with Sales Charge (%) (POP) Before Shares Sold -1.76 1.05 1.38 2.34
Fund with Sales Charge (%) (POP) After Shares Sold 0.05 1.51 1.80 2.60
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.74 2.29 1.89 2.85
Fund without Sales Charge (%) (NAV) After Shares Sold 2.88 2.50 2.21 3.02
Fund with Sales Charge (%) (POP) Before Shares Sold -1.11 1.00 1.11 2.45
Fund with Sales Charge (%) (POP) After Shares Sold 0.55 1.49 1.60 2.70

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

Gross Expense Ratio 0.93%
Net Expense Ratio [further-information] 0.93%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 06/30/2020 Updated Monthly, based on a 3-year period

Beta 0.73
Sharpe Ratio 0.40
Standard Deviation 2.91

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index