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

Month EndAs of 04/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 0.89 2.02 2.11 3.07 5.34
Fund with Sales Charge (%) (POP) 0.89 2.02 2.11 3.07 5.34
Bloomberg Barclays Municipal Bond Index (%) 2.16 3.27 3.04 3.89 5.79
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.47 2.82 2.37 3.36 5.42
Fund with Sales Charge (%) (POP) 3.47 2.82 2.37 3.36 5.42
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.85

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 03/31/2020

Month EndAs of 04/30/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) -2.03 0.89 6.17 10.98 35.27 447.59
Fund with Sales Charge (%) (POP) -2.03 0.89 6.17 10.98 35.27 447.59
Bloomberg Barclays Municipal Bond Index (%) -1.88 2.16 10.14 16.14 46.44 528.50
Quarter EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) -0.21 3.47 8.70 12.42 39.16 457.72
Fund with Sales Charge (%) (POP) -0.21 3.47 8.70 12.42 39.16 457.72
Bloomberg Barclays Municipal Bond Index (%) -0.63 3.85 12.35 17.00 50.11 536.49

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

Month EndAs of 04/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 0.89 2.02 2.11 3.05
Fund without Sales Charge (%) (NAV) After Shares Sold 1.94 2.42 2.50 3.30
Fund with Sales Charge (%) (POP) Before Shares Sold 0.89 2.02 2.11 3.05
Fund with Sales Charge (%) (POP) After Shares Sold 1.94 2.42 2.50 3.30
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.48 2.82 2.37 3.35
Fund without Sales Charge (%) (NAV) After Shares Sold 3.53 3.04 2.70 3.53
Fund with Sales Charge (%) (POP) Before Shares Sold 3.48 2.82 2.37 3.35
Fund with Sales Charge (%) (POP) After Shares Sold 3.53 3.04 2.70 3.53

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 04/30/2020 Updated Monthly, based on a 3-year period

Beta 0.74
Sharpe Ratio 0.12
Standard Deviation 2.81

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index