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

Month EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/1995
Fund without Sales Charge (%) (NAV) 5.81 2.90 1.96 2.97 3.92
Fund with Sales Charge (%) (POP) 4.81 2.90 1.96 2.97 3.92
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.19
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/1995
Fund without Sales Charge (%) (NAV) 5.81 2.90 1.96 2.97 3.92
Fund with Sales Charge (%) (POP) 4.81 2.90 1.96 2.97 3.92
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) 5.81 0.62 2.34 0.57 0.57 9.75 -6.38 5.68 10.24 1.57
Fund with Sales Charge (%) (POP) 4.81 -0.36 1.34 -0.41 -0.40 8.75 -7.30 4.68 9.24 0.59
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 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/1995
Fund without Sales Charge (%) (NAV) 5.81 5.81 8.95 10.20 33.97 158.15
Fund with Sales Charge (%) (POP) 4.81 4.81 8.95 10.20 33.97 158.15
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 248.63
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) 5.81 5.81 8.95 10.20 33.97 158.15
Fund with Sales Charge (%) (POP) 4.81 4.81 8.95 10.20 33.97 158.15
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 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.81 2.90 1.96 2.97
Fund without Sales Charge (%) (NAV) After Shares Sold 4.50 2.82 2.13 2.98
Fund with Sales Charge (%) (POP) Before Shares Sold 4.81 2.90 1.96 2.97
Fund with Sales Charge (%) (POP) After Shares Sold 3.91 2.82 2.13 2.98
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.81 2.90 1.96 2.97
Fund without Sales Charge (%) (NAV) After Shares Sold 4.50 2.82 2.13 2.98
Fund with Sales Charge (%) (POP) Before Shares Sold 4.81 2.90 1.96 2.97
Fund with Sales Charge (%) (POP) After Shares Sold 3.91 2.82 2.13 2.98

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

Gross Expense Ratio 1.28%
Net Expense Ratio [further-information] 1.28%
Max Initial Sales Charge 0.00%
CDSC 1.00%

Volatility Measures [further-information] As of 12/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.62
Standard Deviation 2.04

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index