Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 07/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 4.34 3.45 2.96 3.08 5.29
Fund with Sales Charge (%) (POP) 0.42 2.14 2.18 2.68 5.16
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.59 3.13 2.72 3.04 5.26
Fund with Sales Charge (%) (POP) -0.30 1.83 1.94 2.65 5.14
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.89

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 06/30/2020

Month EndAs of 07/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 3.36 4.34 10.72 15.70 35.41 445.19
Fund with Sales Charge (%) (POP) -0.51 0.42 6.57 11.36 30.33 424.74
Quarter EndAs of 06/30/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 2.13 3.59 9.69 14.36 34.91 438.66
Fund with Sales Charge (%) (POP) -1.70 -0.30 5.58 10.08 29.85 418.46
Bloomberg Barclays Municipal Bond Index (%) 2.08 4.45 13.20 21.26 51.12 553.83

After-Tax Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 07/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.34 3.45 2.96 3.08
Fund without Sales Charge (%) (NAV) After Shares Sold 3.55 3.29 2.97 3.16
Fund with Sales Charge (%) (POP) Before Shares Sold 0.43 2.14 2.18 2.68
Fund with Sales Charge (%) (POP) After Shares Sold 1.20 2.27 2.35 2.83
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.58 3.13 2.72 3.04
Fund without Sales Charge (%) (NAV) After Shares Sold 3.12 3.05 2.80 3.14
Fund with Sales Charge (%) (POP) Before Shares Sold -0.30 1.83 1.94 2.65
Fund with Sales Charge (%) (POP) After Shares Sold 0.78 2.04 2.18 2.81

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

Gross Expense Ratio 0.82%
Net Expense Ratio [further-information] 0.82%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 07/31/2020 Updated Monthly, based on a 3-year period

Beta 0.79
Sharpe Ratio 0.58
Standard Deviation 3.19

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index