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) 7.80 2.62 3.31 4.19 5.45
Fund with Sales Charge (%) (POP) 3.76 1.32 2.52 3.79 5.32
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) 6.08 1.99 3.11 4.28 5.41
Fund with Sales Charge (%) (POP) 2.11 0.70 2.33 3.88 5.28
Bloomberg Barclays Municipal Bond Index (%) 6.71 2.55 3.64 4.72 5.93

Calendar Year Returns

2018
Fund without Sales Charge (%) (NAV) 1.08
Fund with Sales Charge (%) (POP) -3.22
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) 7.10 7.80 8.05 17.66 50.69 446.31
Fund with Sales Charge (%) (POP) 3.09 3.76 4.00 13.24 45.04 425.83
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) 4.83 6.08 6.09 16.56 52.05 434.73
Fund with Sales Charge (%) (POP) 0.90 2.11 2.11 12.19 46.34 414.68
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 7.80 2.62 3.30 4.19
Fund without Sales Charge (%) (NAV) After Shares Sold 5.89 2.74 3.33 4.12
Fund with Sales Charge (%) (POP) Before Shares Sold 3.76 1.32 2.52 3.79
Fund with Sales Charge (%) (POP) After Shares Sold 3.45 1.73 2.71 3.79
Quarter EndAs of 06/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.08 1.99 3.11 4.28
Fund without Sales Charge (%) (NAV) After Shares Sold 4.89 2.27 3.20 4.21
Fund with Sales Charge (%) (POP) Before Shares Sold 2.10 0.70 2.33 3.88
Fund with Sales Charge (%) (POP) After Shares Sold 2.49 1.27 2.58 3.88

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

Gross Expense Ratio 0.88%
Net Expense Ratio [further-information] 0.88%
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 0.84
Sharpe Ratio 0.38
Standard Deviation 2.97

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index