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) 7.13 3.33 2.67 3.82 5.42
Fund with Sales Charge (%) (POP) 7.13 3.33 2.67 3.82 5.42
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) 7.14 2.11 2.83 3.61 5.45
Fund with Sales Charge (%) (POP) 7.14 2.11 2.83 3.61 5.45
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) 0.67 2.58 1.24
Fund with Sales Charge (%) (POP) 0.67 2.58 1.24
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) 6.18 7.13 10.34 14.08 45.41 449.23
Fund with Sales Charge (%) (POP) 6.18 7.13 10.34 14.08 45.41 449.23
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) 5.94 7.14 6.45 14.97 42.51 448.00
Fund with Sales Charge (%) (POP) 5.94 7.14 6.45 14.97 42.51 448.00
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 7.13 3.34 2.67 3.81
Fund without Sales Charge (%) (NAV) After Shares Sold 5.63 3.35 2.85 3.81
Fund with Sales Charge (%) (POP) Before Shares Sold 7.13 3.34 2.67 3.81
Fund with Sales Charge (%) (POP) After Shares Sold 5.63 3.35 2.85 3.81
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.14 2.11 2.83 3.61
Fund without Sales Charge (%) (NAV) After Shares Sold 5.66 2.40 2.98 3.64
Fund with Sales Charge (%) (POP) Before Shares Sold 7.14 2.11 2.83 3.61
Fund with Sales Charge (%) (POP) After Shares Sold 5.66 2.40 2.98 3.64

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

Gross Expense Ratio 0.62%
Net Expense Ratio [further-information] 0.62%
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 0.79
Sharpe Ratio 0.85
Standard Deviation 2.05

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index