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

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/03/1988
Fund without Sales Charge (%) (NAV) 6.54 3.12 2.44 3.16 4.86
Fund with Sales Charge (%) (POP) 2.54 1.81 1.66 2.77 4.74
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.90
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/03/1988
Fund without Sales Charge (%) (NAV) 4.97 2.59 1.99 3.03 4.81
Fund with Sales Charge (%) (POP) 1.04 1.30 1.21 2.64 4.68
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.83

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 12/31/2019

Month EndAs of 02/29/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/03/1988
Fund without Sales Charge (%) (NAV) 2.40 6.54 9.64 12.84 36.50 344.61
Fund with Sales Charge (%) (POP) -1.44 2.54 5.53 8.61 31.38 327.93
Bloomberg Barclays Municipal Bond Index (%) 3.11 9.46 16.83 21.75 55.38 505.17
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/03/1988
Fund without Sales Charge (%) (NAV) 4.97 4.97 7.99 10.36 34.84 334.17
Fund with Sales Charge (%) (POP) 1.04 1.04 3.94 6.22 29.79 317.88
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 486.92

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

Month EndAs of 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.54 3.12 2.44 3.16
Fund without Sales Charge (%) (NAV) After Shares Sold 5.14 3.12 2.63 3.26
Fund with Sales Charge (%) (POP) Before Shares Sold 2.54 1.81 1.66 2.77
Fund with Sales Charge (%) (POP) After Shares Sold 2.72 2.10 2.01 2.94
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.97 2.59 1.99 3.03
Fund without Sales Charge (%) (NAV) After Shares Sold 4.24 2.74 2.29 3.18
Fund with Sales Charge (%) (POP) Before Shares Sold 1.04 1.30 1.21 2.64
Fund with Sales Charge (%) (POP) After Shares Sold 1.86 1.73 1.68 2.85

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

Gross Expense Ratio 0.92%
Net Expense Ratio [further-information] 0.92%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 02/29/2020 Updated Monthly, based on a 3-year period

Beta 0.62
Sharpe Ratio 0.81
Standard Deviation 1.76

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index