Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 11/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 6.60 3.32 2.75 3.54 5.47
Fund with Sales Charge (%) (POP) 6.60 3.32 2.75 3.54 5.47
Bloomberg Barclays Municipal Bond Index (%) 8.49 5.03 3.57 4.34 5.92
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 6.78 2.30 2.97 3.44 5.50
Fund with Sales Charge (%) (POP) 6.78 2.30 2.97 3.44 5.50
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.94

Calendar Year Returns

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

Cumulative Total Returns [further-information] As of 09/30/2019

Month EndAs of 11/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 5.76 6.60 10.29 14.51 41.61 457.81
Fund with Sales Charge (%) (POP) 5.76 6.60 10.29 14.51 41.61 457.81
Bloomberg Barclays Municipal Bond Index (%) 7.21 8.49 15.84 19.17 53.00 538.58
Quarter EndAs of 09/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 5.77 6.78 7.07 15.76 40.18 457.88
Fund with Sales Charge (%) (POP) 5.77 6.78 7.07 15.76 40.18 457.88
Bloomberg Barclays Municipal Bond Index (%) 6.75 8.55 9.88 19.68 50.38 535.85

After-Tax Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 11/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.60 3.32 2.75 3.53
Fund without Sales Charge (%) (NAV) After Shares Sold 5.45 3.43 3.00 3.68
Fund with Sales Charge (%) (POP) Before Shares Sold 6.60 3.32 2.75 3.53
Fund with Sales Charge (%) (POP) After Shares Sold 5.45 3.43 3.00 3.68
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.78 2.30 2.97 3.42
Fund without Sales Charge (%) (NAV) After Shares Sold 5.58 2.64 3.18 3.59
Fund with Sales Charge (%) (POP) Before Shares Sold 6.78 2.30 2.97 3.42
Fund with Sales Charge (%) (POP) After Shares Sold 5.58 2.64 3.18 3.59

SALES CHARGE, EXPENSES & FEES As of 07/01/2019 (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 11/30/2019 Updated Monthly, based on a 3-year period

Beta 0.67
Sharpe Ratio 0.93
Standard Deviation 1.85

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index