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

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/1995
Fund without Sales Charge (%) (NAV) 8.19 3.77 2.72 3.10 4.10
Fund with Sales Charge (%) (POP) 7.19 3.77 2.72 3.10 4.10
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.29
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/1995
Fund without Sales Charge (%) (NAV) 5.98 2.99 2.15 2.88 4.00
Fund with Sales Charge (%) (POP) 4.98 2.99 2.15 2.88 4.00
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) 5.98 0.95 2.11 1.02 0.76 8.32 -5.96 5.58 10.17 0.86
Fund with Sales Charge (%) (POP) 4.98 -0.03 1.12 0.04 -0.21 7.32 -6.88 4.58 9.17 -0.11
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 02/29/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/1995
Fund without Sales Charge (%) (NAV) 3.09 8.19 11.73 14.39 35.65 171.51
Fund with Sales Charge (%) (POP) 2.09 7.19 11.73 14.39 35.65 171.51
Bloomberg Barclays Municipal Bond Index (%) 3.11 9.46 16.83 21.75 55.38 259.47
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) 5.98 5.98 9.25 11.20 32.88 163.37
Fund with Sales Charge (%) (POP) 4.98 4.98 9.25 11.20 32.88 163.37
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 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.19 3.76 2.72 3.10
Fund without Sales Charge (%) (NAV) After Shares Sold 5.84 3.53 2.77 3.12
Fund with Sales Charge (%) (POP) Before Shares Sold 7.19 3.76 2.72 3.10
Fund with Sales Charge (%) (POP) After Shares Sold 5.25 3.53 2.77 3.12
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.98 2.99 2.15 2.88
Fund without Sales Charge (%) (NAV) After Shares Sold 4.59 2.96 2.34 2.97
Fund with Sales Charge (%) (POP) Before Shares Sold 4.98 2.99 2.15 2.88
Fund with Sales Charge (%) (POP) After Shares Sold 4.00 2.96 2.34 2.97

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

Gross Expense Ratio 1.23%
Net Expense Ratio [further-information] 1.23%
Max Initial Sales Charge 0.00%
CDSC 1.00%

Volatility Measures [further-information] As of 02/29/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.97
Standard Deviation 2.16

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index