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) 7.12 2.25 2.91 3.87 5.16
Fund with Sales Charge (%) (POP) 3.10 0.96 2.13 3.48 5.03
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) 5.79 1.81 2.85 4.06 5.12
Fund with Sales Charge (%) (POP) 1.82 0.53 2.07 3.66 4.99
Bloomberg Barclays Municipal Bond Index (%) 6.71 2.55 3.64 4.72 5.85

Calendar Year Returns

2018
Fund without Sales Charge (%) (NAV) 1.15
Fund with Sales Charge (%) (POP) -3.15
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) 6.55 7.12 6.90 15.44 46.23 373.66
Fund with Sales Charge (%) (POP) 2.55 3.10 2.89 11.11 40.74 355.90
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) 4.49 5.79 5.54 15.11 48.81 364.50
Fund with Sales Charge (%) (POP) 0.57 1.82 1.59 10.80 43.23 347.08
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 7.12 2.25 2.91 3.87
Fund without Sales Charge (%) (NAV) After Shares Sold 5.50 2.45 3.01 3.84
Fund with Sales Charge (%) (POP) Before Shares Sold 3.11 0.96 2.13 3.48
Fund with Sales Charge (%) (POP) After Shares Sold 3.07 1.44 2.39 3.52
Quarter EndAs of 06/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.79 1.82 2.85 4.06
Fund without Sales Charge (%) (NAV) After Shares Sold 4.74 2.14 2.98 4.02
Fund with Sales Charge (%) (POP) Before Shares Sold 1.82 0.53 2.07 3.66
Fund with Sales Charge (%) (POP) After Shares Sold 2.35 1.13 2.36 3.68

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 0.78
Sharpe Ratio 0.27
Standard Deviation 2.85

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index