Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 01/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/1995
Fund without Sales Charge (%) (NAV) 7.07 3.46 2.17 3.14 4.05
Fund with Sales Charge (%) (POP) 6.07 3.46 2.17 3.14 4.05
Bloomberg Barclays Municipal Bond Index (%) 8.65 5.12 3.53 4.47 5.25
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/1995
Fund without Sales Charge (%) (NAV) 5.70 2.99 2.23 2.99 3.99
Fund with Sales Charge (%) (POP) 4.70 2.99 2.23 2.99 3.99
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) 5.70 0.15 3.19 0.42 1.81 9.15 -6.79 6.28 10.47 0.61
Fund with Sales Charge (%) (POP) 4.70 -0.82 2.19 -0.56 0.82 8.15 -7.69 5.28 9.47 -0.36
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 01/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/1995
Fund without Sales Charge (%) (NAV) 1.69 7.07 10.74 11.35 36.23 166.91
Fund with Sales Charge (%) (POP) 0.69 6.07 10.74 11.35 36.23 166.91
Bloomberg Barclays Municipal Bond Index (%) 1.80 8.65 16.15 18.96 54.89 254.89
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) 5.70 5.70 9.24 11.68 34.22 162.47
Fund with Sales Charge (%) (POP) 4.70 4.70 9.24 11.68 34.22 162.47
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 01/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.07 3.46 2.17 3.14
Fund without Sales Charge (%) (NAV) After Shares Sold 5.17 3.24 2.28 3.12
Fund with Sales Charge (%) (POP) Before Shares Sold 6.07 3.46 2.17 3.14
Fund with Sales Charge (%) (POP) After Shares Sold 4.58 3.24 2.28 3.12
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.70 2.99 2.23 2.99
Fund without Sales Charge (%) (NAV) After Shares Sold 4.37 2.89 2.34 3.01
Fund with Sales Charge (%) (POP) Before Shares Sold 4.70 2.99 2.23 2.99
Fund with Sales Charge (%) (POP) After Shares Sold 3.78 2.89 2.34 3.01

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

Gross Expense Ratio 1.20%
Net Expense Ratio [further-information] 1.20%
Max Initial Sales Charge 0.00%
CDSC 1.00%

Volatility Measures [further-information] As of 01/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.79
Standard Deviation 2.30

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index