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 04/03/1985
Fund without Sales Charge (%) (NAV) 7.36 3.89 2.78 3.56 5.64
Fund with Sales Charge (%) (POP) 7.36 3.89 2.78 3.56 5.64
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 6.48
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 7.36 3.89 2.78 3.56 5.64
Fund with Sales Charge (%) (POP) 7.36 3.89 2.78 3.56 5.64
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 6.48

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 7.36 1.02 3.40 1.26 1.00 11.02 -5.04 6.19 10.04 0.42
Fund with Sales Charge (%) (POP) 7.36 1.02 3.40 1.26 1.00 11.02 -5.04 6.19 10.04 0.42
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 04/03/1985
Fund without Sales Charge (%) (NAV) 7.36 7.36 12.14 14.69 41.90 572.64
Fund with Sales Charge (%) (POP) 7.36 7.36 12.14 14.69 41.90 572.64
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 785.26
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 7.36 7.36 12.14 14.69 41.90 572.64
Fund with Sales Charge (%) (POP) 7.36 7.36 12.14 14.69 41.90 572.64
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 785.26

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 7.36 3.90 2.78 3.56
Fund without Sales Charge (%) (NAV) After Shares Sold 5.61 3.73 2.89 3.59
Fund with Sales Charge (%) (POP) Before Shares Sold 7.36 3.90 2.78 3.56
Fund with Sales Charge (%) (POP) After Shares Sold 5.61 3.73 2.89 3.59
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.36 3.90 2.78 3.56
Fund without Sales Charge (%) (NAV) After Shares Sold 5.61 3.73 2.89 3.59
Fund with Sales Charge (%) (POP) Before Shares Sold 7.36 3.90 2.78 3.56
Fund with Sales Charge (%) (POP) After Shares Sold 5.61 3.73 2.89 3.59

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

Gross Expense Ratio 0.58%
Net Expense Ratio [further-information] 0.58%
Max Initial Sales Charge 0.00%
CDSC

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

Sharpe Ratio 1.02
Standard Deviation 2.23

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index