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) 1.51 2.53 2.43 3.07 5.01
Fund with Sales Charge (%) (POP) -2.30 1.23 1.65 2.67 4.88
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) 3.23 2.82 2.29 3.28 5.03
Fund with Sales Charge (%) (POP) -0.64 1.52 1.51 2.88 4.91
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) 6.13 1.15
Fund with Sales Charge (%) (POP) 2.15 -2.64
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) -0.37 1.51 7.77 12.76 35.25 370.06
Fund with Sales Charge (%) (POP) -4.11 -2.30 3.73 8.54 30.17 352.43
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) -0.44 3.23 8.72 11.98 38.03 369.74
Fund with Sales Charge (%) (POP) -4.17 -0.64 4.64 7.78 32.86 352.12
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 1.50 2.53 2.43 3.07
Fund without Sales Charge (%) (NAV) After Shares Sold 1.96 2.64 2.61 3.17
Fund with Sales Charge (%) (POP) Before Shares Sold -2.30 1.23 1.65 2.67
Fund with Sales Charge (%) (POP) After Shares Sold -0.33 1.63 2.00 2.85
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.23 2.82 2.29 3.28
Fund without Sales Charge (%) (NAV) After Shares Sold 3.09 2.88 2.50 3.35
Fund with Sales Charge (%) (POP) Before Shares Sold -0.64 1.52 1.51 2.88
Fund with Sales Charge (%) (POP) After Shares Sold 0.76 1.86 1.89 3.02

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

Gross Expense Ratio 0.88%
Net Expense Ratio [further-information] 0.88%
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 0.86
Sharpe Ratio 0.37
Standard Deviation 3.46

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index