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 09/01/1987
Fund without Sales Charge (%) (NAV) 8.52 4.47 3.01 4.27 5.49
Fund with Sales Charge (%) (POP) 8.52 4.47 3.01 4.27 5.49
Bloomberg Barclays Municipal Bond Index (%) 8.65 5.12 3.53 4.47 5.95
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.10 3.99 3.02 4.11 5.44
Fund with Sales Charge (%) (POP) 7.10 3.99 3.02 4.11 5.44
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.91

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 7.10 0.81 4.15 1.10 2.05 11.17 -4.88 8.92 10.89 0.92
Fund with Sales Charge (%) (POP) 7.10 0.81 4.15 1.10 2.05 11.17 -4.88 8.92 10.89 0.92
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 09/01/1987
Fund without Sales Charge (%) (NAV) 1.89 8.52 14.01 15.99 51.96 465.03
Fund with Sales Charge (%) (POP) 1.89 8.52 14.01 15.99 51.96 465.03
Bloomberg Barclays Municipal Bond Index (%) 1.80 8.65 16.15 18.96 54.89 552.04
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) 7.10 7.10 12.45 16.02 49.55 454.57
Fund with Sales Charge (%) (POP) 7.10 7.10 12.45 16.02 49.55 454.57
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 01/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.52 4.47 3.01 4.27
Fund without Sales Charge (%) (NAV) After Shares Sold 6.37 4.21 3.10 4.20
Fund with Sales Charge (%) (POP) Before Shares Sold 8.52 4.47 3.01 4.27
Fund with Sales Charge (%) (POP) After Shares Sold 6.37 4.21 3.10 4.20
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.10 3.99 3.02 4.11
Fund without Sales Charge (%) (NAV) After Shares Sold 5.54 3.86 3.12 4.08
Fund with Sales Charge (%) (POP) Before Shares Sold 7.10 3.99 3.02 4.11
Fund with Sales Charge (%) (POP) After Shares Sold 5.54 3.86 3.12 4.08

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

Gross Expense Ratio 0.56%
Net Expense Ratio [further-information] 0.56%
Max Initial Sales Charge 0.00%
CDSC

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

Sharpe Ratio 1.20
Standard Deviation 2.36

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index