Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 9.69 4.80 3.73 4.15 5.64
Fund with Sales Charge (%) (POP) 9.69 4.80 3.73 4.15 5.64
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 6.54
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 6.95 3.86 3.11 3.87 5.56
Fund with Sales Charge (%) (POP) 6.95 3.86 3.11 3.87 5.56
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 6.48

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 6.95 0.02 4.74
Fund with Sales Charge (%) (POP) 6.95 0.02 4.74
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45

Cumulative Total Returns [further-information] As of 12/31/2019

Month EndAs of 02/29/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 04/03/1985
Fund without Sales Charge (%) (NAV) 3.48 9.69 15.09 20.09 50.12 578.16
Fund with Sales Charge (%) (POP) 3.48 9.69 15.09 20.09 50.12 578.16
Bloomberg Barclays Municipal Bond Index (%) 3.11 9.46 16.83 21.75 55.38 812.79
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) 6.95 6.95 12.03 16.52 46.23 555.33
Fund with Sales Charge (%) (POP) 6.95 6.95 12.03 16.52 46.23 555.33
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 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 9.69 4.80 3.73 4.14
Fund without Sales Charge (%) (NAV) After Shares Sold 7.02 4.40 3.60 4.02
Fund with Sales Charge (%) (POP) Before Shares Sold 9.69 4.80 3.73 4.14
Fund with Sales Charge (%) (POP) After Shares Sold 7.02 4.40 3.60 4.02
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.95 3.86 3.11 3.87
Fund without Sales Charge (%) (NAV) After Shares Sold 5.44 3.70 3.14 3.82
Fund with Sales Charge (%) (POP) Before Shares Sold 6.95 3.86 3.11 3.87
Fund with Sales Charge (%) (POP) After Shares Sold 5.44 3.70 3.14 3.82

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

Gross Expense Ratio 0.59%
Net Expense Ratio [further-information] 0.57%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 03/31/2020 Updated Monthly, based on a 3-year period

Beta 0.97
Sharpe Ratio 0.54
Standard Deviation 3.45

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index