Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 04/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 1.58 2.05 1.98 2.75 5.18
Fund with Sales Charge (%) (POP) -2.23 0.75 1.20 2.36 5.06
Bloomberg Barclays Municipal Bond Index (%) 2.16 3.27 3.04 3.89 5.79
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.57 2.61 2.13 3.00 5.24
Fund with Sales Charge (%) (POP) -0.31 1.31 1.35 2.61 5.11
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.85

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 03/31/2020

Month EndAs of 04/30/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) -1.22 1.58 6.26 10.28 31.18 421.03
Fund with Sales Charge (%) (POP) -4.92 -2.23 2.28 6.14 26.26 401.49
Bloomberg Barclays Municipal Bond Index (%) -1.88 2.16 10.14 16.14 46.44 528.50
Quarter EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 0.06 3.57 8.05 11.12 34.43 427.77
Fund with Sales Charge (%) (POP) -3.69 -0.31 3.99 6.95 29.39 407.97
Bloomberg Barclays Municipal Bond Index (%) -0.63 3.85 12.35 17.00 50.11 536.49

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 04/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.58 2.04 1.98 2.75
Fund without Sales Charge (%) (NAV) After Shares Sold 1.96 2.24 2.24 2.93
Fund with Sales Charge (%) (POP) Before Shares Sold -2.23 0.75 1.20 2.36
Fund with Sales Charge (%) (POP) After Shares Sold -0.34 1.24 1.63 2.60
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.57 2.61 2.13 3.00
Fund without Sales Charge (%) (NAV) After Shares Sold 3.18 2.68 2.35 3.12
Fund with Sales Charge (%) (POP) Before Shares Sold -0.31 1.32 1.35 2.61
Fund with Sales Charge (%) (POP) After Shares Sold 0.85 1.67 1.74 2.80

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 1.00%

Volatility Measures [further-information] As of 04/30/2020 Updated Monthly, based on a 3-year period

Beta 0.72
Sharpe Ratio 0.13
Standard Deviation 2.74

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index