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

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/12/1988
Fund without Sales Charge (%) (NAV) 8.61 4.30 3.26 3.65 5.42
Fund with Sales Charge (%) (POP) 4.53 2.98 2.47 3.26 5.29
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.96
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/12/1988
Fund without Sales Charge (%) (NAV) 6.36 3.53 2.70 3.45 5.35
Fund with Sales Charge (%) (POP) 2.38 2.22 1.91 3.05 5.22
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.89

Calendar Year Returns

2019 2018
Fund without Sales Charge (%) (NAV) 6.36 1.66
Fund with Sales Charge (%) (POP) 2.38 -2.15
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28

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

Month EndAs of 02/29/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/12/1988
Fund without Sales Charge (%) (NAV) 3.10 8.61 13.48 17.40 43.16 435.98
Fund with Sales Charge (%) (POP) -0.77 4.53 9.22 12.99 37.79 415.88
Bloomberg Barclays Municipal Bond Index (%) 3.11 9.46 16.83 21.75 55.38 529.73
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/12/1988
Fund without Sales Charge (%) (NAV) 6.36 6.36 10.97 14.22 40.32 419.86
Fund with Sales Charge (%) (POP) 2.38 2.38 6.81 9.94 35.06 400.37
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 510.74

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

Month EndAs of 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.61 4.30 3.26 3.65
Fund without Sales Charge (%) (NAV) After Shares Sold 6.27 4.06 3.30 3.68
Fund with Sales Charge (%) (POP) Before Shares Sold 4.53 2.98 2.47 3.26
Fund with Sales Charge (%) (POP) After Shares Sold 3.81 3.03 2.68 3.35
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.36 3.53 2.70 3.45
Fund without Sales Charge (%) (NAV) After Shares Sold 4.99 3.50 2.89 3.54
Fund with Sales Charge (%) (POP) Before Shares Sold 2.38 2.22 1.91 3.05
Fund with Sales Charge (%) (POP) After Shares Sold 2.59 2.47 2.26 3.21

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 02/29/2020 Updated Monthly, based on a 3-year period

Beta 0.76
Sharpe Ratio 1.23
Standard Deviation 2.13

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index