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 04/03/1985
Fund without Sales Charge (%) (NAV) 6.91 3.80 2.79 3.71 5.63
Fund with Sales Charge (%) (POP) 6.91 3.80 2.79 3.71 5.63
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 6.48
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 04/03/1985
Fund without Sales Charge (%) (NAV) 6.91 3.80 2.79 3.71 5.63
Fund with Sales Charge (%) (POP) 6.91 3.80 2.79 3.71 5.63
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) 6.91 0.45 4.13
Fund with Sales Charge (%) (POP) 6.91 0.45 4.13
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 04/03/1985
Fund without Sales Charge (%) (NAV) 6.91 6.91 11.83 14.77 43.95 570.39
Fund with Sales Charge (%) (POP) 6.91 6.91 11.83 14.77 43.95 570.39
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 785.26
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) 6.91 6.91 11.83 14.77 43.95 570.39
Fund with Sales Charge (%) (POP) 6.91 6.91 11.83 14.77 43.95 570.39
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 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.91 3.80 2.79 3.71
Fund without Sales Charge (%) (NAV) After Shares Sold 5.30 3.61 2.85 3.65
Fund with Sales Charge (%) (POP) Before Shares Sold 6.91 3.80 2.79 3.71
Fund with Sales Charge (%) (POP) After Shares Sold 5.30 3.61 2.85 3.65
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.91 3.80 2.79 3.71
Fund without Sales Charge (%) (NAV) After Shares Sold 5.30 3.61 2.85 3.65
Fund with Sales Charge (%) (POP) Before Shares Sold 6.91 3.80 2.79 3.71
Fund with Sales Charge (%) (POP) After Shares Sold 5.30 3.61 2.85 3.65

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

Gross Expense Ratio 0.56%
Net Expense Ratio [further-information] 0.53%
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 0.94
Sharpe Ratio 0.89
Standard Deviation 2.34

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index