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) 9.48 4.71 3.38 3.81 5.71
Fund with Sales Charge (%) (POP) 9.48 4.71 3.38 3.81 5.71
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) 7.39 3.95 2.81 3.59 5.64
Fund with Sales Charge (%) (POP) 7.39 3.95 2.81 3.59 5.64
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) 7.39 1.05 3.49
Fund with Sales Charge (%) (POP) 7.39 1.05 3.49
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) 3.17 9.48 14.81 18.09 45.35 595.25
Fund with Sales Charge (%) (POP) 3.17 9.48 14.81 18.09 45.35 595.25
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) 7.39 7.39 12.31 14.86 42.29 573.89
Fund with Sales Charge (%) (POP) 7.39 7.39 12.31 14.86 42.29 573.89
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 9.48 4.71 3.38 3.81
Fund without Sales Charge (%) (NAV) After Shares Sold 6.85 4.34 3.35 3.78
Fund with Sales Charge (%) (POP) Before Shares Sold 9.48 4.71 3.38 3.81
Fund with Sales Charge (%) (POP) After Shares Sold 6.85 4.34 3.35 3.78
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.39 3.95 2.81 3.59
Fund without Sales Charge (%) (NAV) After Shares Sold 5.64 3.77 2.92 3.62
Fund with Sales Charge (%) (POP) Before Shares Sold 7.39 3.95 2.81 3.59
Fund with Sales Charge (%) (POP) After Shares Sold 5.64 3.77 2.92 3.62

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

Gross Expense Ratio 0.57%
Net Expense Ratio [further-information] 0.54%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 02/29/2020 Updated Monthly, based on a 3-year period

Beta 0.91
Sharpe Ratio 1.22
Standard Deviation 2.48

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index