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) 3.66 3.34 3.17 3.38 5.45
Fund with Sales Charge (%) (POP) 3.66 3.34 3.17 3.38 5.45
Bloomberg Barclays Municipal Bond Index (%) 5.36 4.52 4.13 4.26 5.92
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 2.64 3.01 2.84 3.30 5.41
Fund with Sales Charge (%) (POP) 2.64 3.01 2.84 3.30 5.41
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.89

Calendar Year Returns

2019 2018 2017 2016
Fund without Sales Charge (%) (NAV) 5.97 1.79 1.92 1.52
Fund with Sales Charge (%) (POP) 5.97 1.79 1.92 1.52
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45 0.25

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) 2.51 3.66 10.36 16.91 39.46 472.94
Fund with Sales Charge (%) (POP) 2.51 3.66 10.36 16.91 39.46 472.94
Bloomberg Barclays Municipal Bond Index (%) 3.80 5.36 14.18 22.42 51.77 564.85
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) 1.00 2.64 9.31 15.05 38.39 464.48
Fund with Sales Charge (%) (POP) 1.00 2.64 9.31 15.05 38.39 464.48
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 3.66 3.34 3.17 3.37
Fund without Sales Charge (%) (NAV) After Shares Sold 3.54 3.41 3.31 3.52
Fund with Sales Charge (%) (POP) Before Shares Sold 3.66 3.34 3.17 3.37
Fund with Sales Charge (%) (POP) After Shares Sold 3.54 3.41 3.31 3.52
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.64 3.01 2.84 3.29
Fund without Sales Charge (%) (NAV) After Shares Sold 2.95 3.16 3.06 3.47
Fund with Sales Charge (%) (POP) Before Shares Sold 2.64 3.01 2.84 3.29
Fund with Sales Charge (%) (POP) After Shares Sold 2.95 3.16 3.06 3.47

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

Gross Expense Ratio 0.60%
Net Expense Ratio [further-information] 0.60%
Max Initial Sales Charge 0.00%
CDSC

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

Beta 0.75
Sharpe Ratio 0.56
Standard Deviation 3.08

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index