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 10/07/1983
Fund without Sales Charge (%) (NAV) 7.00 3.68 2.87 4.24 6.33
Fund with Sales Charge (%) (POP) 7.00 3.68 2.87 4.24 6.33
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 6.61
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/07/1983
Fund without Sales Charge (%) (NAV) 7.00 3.68 2.87 4.24 6.33
Fund with Sales Charge (%) (POP) 7.00 3.68 2.87 4.24 6.33
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 6.61

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 7.00 0.75 3.40
Fund with Sales Charge (%) (POP) 7.00 0.75 3.40
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45

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 10/07/1983
Fund without Sales Charge (%) (NAV) 7.00 7.00 11.44 15.17 51.44 823.05
Fund with Sales Charge (%) (POP) 7.00 7.00 11.44 15.17 51.44 823.05
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 917.11
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/07/1983
Fund without Sales Charge (%) (NAV) 7.00 7.00 11.44 15.17 51.44 823.05
Fund with Sales Charge (%) (POP) 7.00 7.00 11.44 15.17 51.44 823.05
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 917.11

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 7.00 3.68 2.87 4.24
Fund without Sales Charge (%) (NAV) After Shares Sold 5.62 3.67 3.06 4.21
Fund with Sales Charge (%) (POP) Before Shares Sold 7.00 3.68 2.87 4.24
Fund with Sales Charge (%) (POP) After Shares Sold 5.62 3.67 3.06 4.21
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.00 3.68 2.87 4.24
Fund without Sales Charge (%) (NAV) After Shares Sold 5.62 3.67 3.06 4.21
Fund with Sales Charge (%) (POP) Before Shares Sold 7.00 3.68 2.87 4.24
Fund with Sales Charge (%) (POP) After Shares Sold 5.62 3.67 3.06 4.21

SALES CHARGE, EXPENSES & FEES As of 09/01/2019 (updated annually)

Gross Expense Ratio 0.49%
Net Expense Ratio [further-information] 0.49%
Max Initial Sales Charge 0.00%
CDSC

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

Beta 0.85
Sharpe Ratio 1.01
Standard Deviation 2.14

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index