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) 6.88 2.10 2.59 3.48 5.35
Fund with Sales Charge (%) (POP) 2.87 0.81 1.81 3.09 5.23
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) 5.71 1.57 2.56 3.61 5.32
Fund with Sales Charge (%) (POP) 1.75 0.28 1.78 3.21 5.19
Bloomberg Barclays Municipal Bond Index (%) 6.71 2.55 3.64 4.72 5.93

Calendar Year Returns

2018
Fund without Sales Charge (%) (NAV) 1.21
Fund with Sales Charge (%) (POP) -3.09
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) 6.39 6.88 6.43 13.65 40.83 430.36
Fund with Sales Charge (%) (POP) 2.40 2.87 2.44 9.38 35.55 410.47
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) 4.32 5.71 4.78 13.48 42.54 420.01
Fund with Sales Charge (%) (POP) 0.40 1.75 0.85 9.23 37.19 400.51
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 6.88 2.10 2.59 3.48
Fund without Sales Charge (%) (NAV) After Shares Sold 5.26 2.32 2.74 3.53
Fund with Sales Charge (%) (POP) Before Shares Sold 2.87 0.81 1.81 3.09
Fund with Sales Charge (%) (POP) After Shares Sold 2.84 1.31 2.12 3.20
Quarter EndAs of 06/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.71 1.57 2.56 3.61
Fund without Sales Charge (%) (NAV) After Shares Sold 4.60 1.93 2.74 3.65
Fund with Sales Charge (%) (POP) Before Shares Sold 1.74 0.28 1.78 3.21
Fund with Sales Charge (%) (POP) After Shares Sold 2.21 0.93 2.12 3.32

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

Gross Expense Ratio 0.83%
Net Expense Ratio [further-information] 0.83%
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 0.66
Sharpe Ratio 0.26
Standard Deviation 2.46

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index