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

Month EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/12/1988
Fund without Sales Charge (%) (NAV) 1.61 3.02 2.83 3.09 5.25
Fund with Sales Charge (%) (POP) -2.21 1.71 2.05 2.70 5.13
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.86
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/12/1988
Fund without Sales Charge (%) (NAV) 1.61 3.02 2.83 3.09 5.25
Fund with Sales Charge (%) (POP) -2.21 1.71 2.05 2.70 5.13
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.86

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 06/30/2020

Month EndAs of 06/30/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/12/1988
Fund without Sales Charge (%) (NAV) -0.32 1.61 9.32 14.99 35.55 418.17
Fund with Sales Charge (%) (POP) -4.06 -2.21 5.22 10.67 30.47 398.74
Bloomberg Barclays Municipal Bond Index (%) 2.08 4.45 13.20 21.26 51.12 523.42
Quarter EndAs of 06/30/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/12/1988
Fund without Sales Charge (%) (NAV) -0.32 1.61 9.32 14.99 35.55 418.17
Fund with Sales Charge (%) (POP) -4.06 -2.21 5.22 10.67 30.47 398.74
Bloomberg Barclays Municipal Bond Index (%) 2.08 4.45 13.20 21.26 51.12 523.42

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

Month EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.60 3.01 2.83 3.09
Fund without Sales Charge (%) (NAV) After Shares Sold 2.01 3.06 2.97 3.24
Fund with Sales Charge (%) (POP) Before Shares Sold -2.20 1.71 2.05 2.69
Fund with Sales Charge (%) (POP) After Shares Sold -0.28 2.04 2.35 2.91
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.60 3.01 2.83 3.09
Fund without Sales Charge (%) (NAV) After Shares Sold 2.01 3.06 2.97 3.24
Fund with Sales Charge (%) (POP) Before Shares Sold -2.20 1.71 2.05 2.69
Fund with Sales Charge (%) (POP) After Shares Sold -0.28 2.04 2.35 2.91

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 06/30/2020 Updated Monthly, based on a 3-year period

Beta 1.01
Sharpe Ratio 0.34
Standard Deviation 4.10

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index