Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 01/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.04 3.19 2.28 3.26 5.31
Fund with Sales Charge (%) (POP) 3.03 1.88 1.50 2.87 5.19
Bloomberg Barclays Municipal Bond Index (%) 8.65 5.12 3.53 4.47 5.95
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 5.81 2.84 2.24 3.12 5.28
Fund with Sales Charge (%) (POP) 1.84 1.53 1.46 2.73 5.15
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.91

Calendar Year Returns

2019 2018
Fund without Sales Charge (%) (NAV) 5.81 1.21
Fund with Sales Charge (%) (POP) 1.84 -2.58
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28

Cumulative Total Returns [further-information] As of 12/31/2019

Month EndAs of 01/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 1.58 7.04 9.87 11.92 37.87 435.79
Fund with Sales Charge (%) (POP) -2.23 3.03 5.74 7.73 32.70 415.69
Bloomberg Barclays Municipal Bond Index (%) 1.80 8.65 16.15 18.96 54.89 552.04
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 5.81 5.81 8.75 11.70 35.97 427.45
Fund with Sales Charge (%) (POP) 1.84 1.84 4.68 7.51 30.87 407.67
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 540.53

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 01/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.04 3.19 2.28 3.26
Fund without Sales Charge (%) (NAV) After Shares Sold 5.28 3.13 2.47 3.33
Fund with Sales Charge (%) (POP) Before Shares Sold 3.02 1.88 1.50 2.87
Fund with Sales Charge (%) (POP) After Shares Sold 2.86 2.11 1.85 3.01
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.81 2.84 2.24 3.12
Fund without Sales Charge (%) (NAV) After Shares Sold 4.57 2.87 2.45 3.23
Fund with Sales Charge (%) (POP) Before Shares Sold 1.84 1.53 1.46 2.73
Fund with Sales Charge (%) (POP) After Shares Sold 2.18 1.86 1.84 2.90

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 01/31/2020 Updated Monthly, based on a 3-year period

Beta 0.73
Sharpe Ratio 0.75
Standard Deviation 2.05

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index