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 05/01/1995
Fund without Sales Charge (%) (NAV) 7.84 3.29 2.39 3.34 4.07
Fund with Sales Charge (%) (POP) 6.84 3.29 2.39 3.34 4.07
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.29
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/1995
Fund without Sales Charge (%) (NAV) 5.69 2.50 1.93 3.16 3.97
Fund with Sales Charge (%) (POP) 4.69 2.50 1.93 3.16 3.97
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.19

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 5.69 -0.07 1.96 0.71 1.46 9.94 -5.68 7.69 10.99 0.04
Fund with Sales Charge (%) (POP) 4.69 -1.04 0.96 -0.26 0.48 8.94 -6.60 6.69 9.99 -0.92
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 12/31/2019

Month EndAs of 02/29/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/1995
Fund without Sales Charge (%) (NAV) 2.92 7.84 10.21 12.51 38.92 169.03
Fund with Sales Charge (%) (POP) 1.92 6.84 10.21 12.51 38.92 169.03
Bloomberg Barclays Municipal Bond Index (%) 3.11 9.46 16.83 21.75 55.38 259.47
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/1995
Fund without Sales Charge (%) (NAV) 5.69 5.69 7.68 10.03 36.43 161.41
Fund with Sales Charge (%) (POP) 4.69 4.69 7.68 10.03 36.43 161.41
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 248.63

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 7.84 3.29 2.39 3.34
Fund without Sales Charge (%) (NAV) After Shares Sold 5.70 3.13 2.46 3.28
Fund with Sales Charge (%) (POP) Before Shares Sold 6.84 3.29 2.39 3.34
Fund with Sales Charge (%) (POP) After Shares Sold 5.11 3.13 2.46 3.28
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.69 2.50 1.93 3.16
Fund without Sales Charge (%) (NAV) After Shares Sold 4.47 2.54 2.12 3.15
Fund with Sales Charge (%) (POP) Before Shares Sold 4.69 2.50 1.93 3.16
Fund with Sales Charge (%) (POP) After Shares Sold 3.87 2.54 2.12 3.15

SALES CHARGE, EXPENSES & FEES As of 07/01/2019 (updated annually)

Gross Expense Ratio 1.27%
Net Expense Ratio [further-information] 1.27%
Max Initial Sales Charge 0.00%
CDSC 1.00%

Volatility Measures [further-information] As of 02/29/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.70
Standard Deviation 2.29

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index