Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/03/1988
Fund without Sales Charge (%) (NAV) 1.76 2.75 2.61 3.21 5.07
Fund with Sales Charge (%) (POP) 1.76 2.75 2.61 3.21 5.07
Bloomberg Barclays Municipal Bond Index (%) 3.98 3.81 3.74 4.14 5.79
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/03/1988
Fund without Sales Charge (%) (NAV) 3.49 3.04 2.46 3.41 5.10
Fund with Sales Charge (%) (POP) 3.49 3.04 2.46 3.41 5.10
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.76

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 6.39 1.30 3.06 1.24 1.16 10.53 -5.78 6.38 11.02 2.17
Fund with Sales Charge (%) (POP) 6.39 1.30 3.06 1.24 1.16 10.53 -5.78 6.38 11.02 2.17
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 03/31/2020

Month EndAs of 05/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/03/1988
Fund without Sales Charge (%) (NAV) -0.27 1.76 8.47 13.73 37.15 379.34
Fund with Sales Charge (%) (POP) -0.27 1.76 8.47 13.73 37.15 379.34
Bloomberg Barclays Municipal Bond Index (%) 1.24 3.98 11.87 20.17 49.98 494.22
Quarter EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/03/1988
Fund without Sales Charge (%) (NAV) -0.38 3.49 9.40 12.92 39.91 378.82
Fund with Sales Charge (%) (POP) -0.38 3.49 9.40 12.92 39.91 378.82
Bloomberg Barclays Municipal Bond Index (%) -0.63 3.85 12.35 17.00 50.11 483.22

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.76 2.75 2.61 3.21
Fund without Sales Charge (%) (NAV) After Shares Sold 2.22 2.85 2.78 3.31
Fund with Sales Charge (%) (POP) Before Shares Sold 1.76 2.75 2.61 3.21
Fund with Sales Charge (%) (POP) After Shares Sold 2.22 2.85 2.78 3.31
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.49 3.04 2.46 3.42
Fund without Sales Charge (%) (NAV) After Shares Sold 3.35 3.09 2.67 3.48
Fund with Sales Charge (%) (POP) Before Shares Sold 3.49 3.04 2.46 3.42
Fund with Sales Charge (%) (POP) After Shares Sold 3.35 3.09 2.67 3.48

SALES CHARGE, EXPENSES & FEES As of 07/01/2020 (updated annually)

Gross Expense Ratio 0.63%
Net Expense Ratio [further-information] 0.63%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 06/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.42
Standard Deviation 3.53

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index