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 09/01/1987
Fund without Sales Charge (%) (NAV) 8.63 3.98 3.04 3.95 5.48
Fund with Sales Charge (%) (POP) 8.63 3.98 3.04 3.95 5.48
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.98
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 6.36 3.18 2.58 3.75 5.41
Fund with Sales Charge (%) (POP) 6.36 3.18 2.58 3.75 5.41
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.91

Calendar Year Returns

2019 2018 2017 2016
Fund without Sales Charge (%) (NAV) 6.36 0.67 2.58 1.24
Fund with Sales Charge (%) (POP) 6.36 0.67 2.58 1.24
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45 0.25

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 09/01/1987
Fund without Sales Charge (%) (NAV) 3.06 8.63 12.43 16.16 47.36 467.00
Fund with Sales Charge (%) (POP) 3.06 8.63 12.43 16.16 47.36 467.00
Bloomberg Barclays Municipal Bond Index (%) 3.11 9.46 16.83 21.75 55.38 560.45
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 6.36 6.36 9.83 13.56 44.55 450.15
Fund with Sales Charge (%) (POP) 6.36 6.36 9.83 13.56 44.55 450.15
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 540.53

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 8.63 3.98 3.04 3.95
Fund without Sales Charge (%) (NAV) After Shares Sold 6.45 3.82 3.12 3.90
Fund with Sales Charge (%) (POP) Before Shares Sold 8.63 3.98 3.04 3.95
Fund with Sales Charge (%) (POP) After Shares Sold 6.45 3.82 3.12 3.90
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.36 3.17 2.58 3.75
Fund without Sales Charge (%) (NAV) After Shares Sold 5.15 3.22 2.77 3.76
Fund with Sales Charge (%) (POP) Before Shares Sold 6.36 3.17 2.58 3.75
Fund with Sales Charge (%) (POP) After Shares Sold 5.15 3.22 2.77 3.76

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 02/29/2020 Updated Monthly, based on a 3-year period

Beta 0.84
Sharpe Ratio 1.01
Standard Deviation 2.28

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index