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 10/03/1988
Fund without Sales Charge (%) (NAV) 5.80 1.46 2.25 3.34 4.87
Fund with Sales Charge (%) (POP) 1.83 0.17 1.48 2.94 4.74
Bloomberg Barclays Municipal Bond Index (%) 8.72 3.30 3.85 4.62 5.90
Quarter EndAs of 06/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 10/03/1988
Fund without Sales Charge (%) (NAV) 4.40 1.08 2.29 3.54 4.84
Fund with Sales Charge (%) (POP) 0.48 -0.20 1.51 3.14 4.71
Bloomberg Barclays Municipal Bond Index (%) 6.71 2.55 3.64 4.72 5.85

Calendar Year Returns

2018
Fund without Sales Charge (%) (NAV) 0.92
Fund with Sales Charge (%) (POP) -3.37
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 10/03/1988
Fund without Sales Charge (%) (NAV) 5.05 5.80 4.44 11.79 38.88 334.50
Fund with Sales Charge (%) (POP) 1.11 1.83 0.52 7.60 33.67 318.20
Bloomberg Barclays Municipal Bond Index (%) 7.61 8.72 10.22 20.77 57.03 487.34
Quarter EndAs of 06/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/03/1988
Fund without Sales Charge (%) (NAV) 3.52 4.40 3.27 11.99 41.54 328.14
Fund with Sales Charge (%) (POP) -0.36 0.48 -0.60 7.79 36.24 312.08
Bloomberg Barclays Municipal Bond Index (%) 5.09 6.71 7.85 19.58 58.59 473.60

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 5.80 1.46 2.26 3.34
Fund without Sales Charge (%) (NAV) After Shares Sold 4.76 1.86 2.51 3.43
Fund with Sales Charge (%) (POP) Before Shares Sold 1.83 0.17 1.48 2.94
Fund with Sales Charge (%) (POP) After Shares Sold 2.36 0.87 1.90 3.10
Quarter EndAs of 06/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.40 1.08 2.29 3.54
Fund without Sales Charge (%) (NAV) After Shares Sold 3.93 1.58 2.56 3.61
Fund with Sales Charge (%) (POP) Before Shares Sold 0.48 -0.20 1.51 3.14
Fund with Sales Charge (%) (POP) After Shares Sold 1.57 0.59 1.94 3.28

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 0.75%

Volatility Measures [further-information] As of 08/31/2019 Updated Monthly, based on a 3-year period

Beta 0.63
Sharpe Ratio -0.01
Standard Deviation 2.32

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index