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

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/1995
Fund without Sales Charge (%) (NAV) 2.54 2.55 2.35 3.35 4.20
Fund with Sales Charge (%) (POP) 1.54 2.55 2.35 3.35 4.20
Bloomberg Barclays Municipal Bond Index (%) 3.98 3.81 3.74 4.14 5.16
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/1995
Fund without Sales Charge (%) (NAV) 3.10 2.60 1.94 3.41 4.18
Fund with Sales Charge (%) (POP) 2.10 2.60 1.94 3.41 4.18
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.11

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.27 0.05 3.03 0.14 1.88 10.51 -4.91 8.44 11.51 0.30
Fund with Sales Charge (%) (POP) 5.27 -0.92 2.03 -0.83 0.89 9.51 -5.83 7.44 10.51 -0.67
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38

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

Month EndAs of 05/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/1995
Fund without Sales Charge (%) (NAV) 0.51 2.54 7.84 12.30 39.03 180.35
Fund with Sales Charge (%) (POP) -0.49 1.54 7.84 12.30 39.03 180.35
Bloomberg Barclays Municipal Bond Index (%) 1.24 3.98 11.87 20.17 49.98 252.96
Quarter EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/1995
Fund without Sales Charge (%) (NAV) -0.57 3.10 8.00 10.07 39.80 177.34
Fund with Sales Charge (%) (POP) -1.56 2.10 8.00 10.07 39.80 177.34
Bloomberg Barclays Municipal Bond Index (%) -0.63 3.85 12.35 17.00 50.11 246.43

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

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.53 2.55 2.35 3.35
Fund without Sales Charge (%) (NAV) After Shares Sold 2.54 2.64 2.51 3.36
Fund with Sales Charge (%) (POP) Before Shares Sold 1.53 2.55 2.35 3.35
Fund with Sales Charge (%) (POP) After Shares Sold 1.95 2.64 2.51 3.36
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.10 2.60 1.94 3.41
Fund without Sales Charge (%) (NAV) After Shares Sold 2.94 2.69 2.20 3.41
Fund with Sales Charge (%) (POP) Before Shares Sold 2.10 2.60 1.94 3.41
Fund with Sales Charge (%) (POP) After Shares Sold 2.35 2.69 2.20 3.41

SALES CHARGE, EXPENSES & FEES As of 09/01/2019 (updated annually)

Gross Expense Ratio 1.18%
Net Expense Ratio [further-information] 1.18%
Max Initial Sales Charge 0.00%
CDSC 1.00%

Volatility Measures [further-information] As of 06/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.34
Standard Deviation 3.94

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index