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 09/01/1987
Fund without Sales Charge (%) (NAV) 6.75 3.49 2.88 3.67 5.45
Fund with Sales Charge (%) (POP) 6.75 3.49 2.88 3.67 5.45
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.91
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 6.75 3.49 2.88 3.67 5.45
Fund with Sales Charge (%) (POP) 6.75 3.49 2.88 3.67 5.45
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) 6.75 1.55 2.25 1.37 2.56 9.19 -5.74 6.93 11.75 1.15
Fund with Sales Charge (%) (POP) 6.75 1.55 2.25 1.37 2.56 9.19 -5.74 6.93 11.75 1.15
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 09/01/1987
Fund without Sales Charge (%) (NAV) 6.75 6.75 10.84 15.23 43.37 456.88
Fund with Sales Charge (%) (POP) 6.75 6.75 10.84 15.23 43.37 456.88
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 540.53
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) 6.75 6.75 10.84 15.23 43.37 456.88
Fund with Sales Charge (%) (POP) 6.75 6.75 10.84 15.23 43.37 456.88
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 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.75 3.49 2.88 3.67
Fund without Sales Charge (%) (NAV) After Shares Sold 5.31 3.43 2.99 3.70
Fund with Sales Charge (%) (POP) Before Shares Sold 6.75 3.49 2.88 3.67
Fund with Sales Charge (%) (POP) After Shares Sold 5.31 3.43 2.99 3.70
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.75 3.49 2.88 3.67
Fund without Sales Charge (%) (NAV) After Shares Sold 5.31 3.43 2.99 3.70
Fund with Sales Charge (%) (POP) Before Shares Sold 6.75 3.49 2.88 3.67
Fund with Sales Charge (%) (POP) After Shares Sold 5.31 3.43 2.99 3.70

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

Gross Expense Ratio 0.59%
Net Expense Ratio [further-information] 0.59%
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 0.91
Standard Deviation 2.06

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index