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) 8.90 4.88 3.74 4.23 5.85
Fund with Sales Charge (%) (POP) 8.90 4.88 3.74 4.23 5.85
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) 6.86 4.13 3.38 4.02 5.79
Fund with Sales Charge (%) (POP) 6.86 4.13 3.38 4.02 5.79
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) 6.86 0.87 4.75
Fund with Sales Charge (%) (POP) 6.86 0.87 4.75
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) 2.95 8.90 15.35 20.16 51.37 626.56
Fund with Sales Charge (%) (POP) 2.95 8.90 15.35 20.16 51.37 626.56
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) 6.86 6.86 12.91 18.06 48.28 605.73
Fund with Sales Charge (%) (POP) 6.86 6.86 12.91 18.06 48.28 605.73
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 8.90 4.88 3.74 4.23
Fund without Sales Charge (%) (NAV) After Shares Sold 6.55 4.47 3.62 4.11
Fund with Sales Charge (%) (POP) Before Shares Sold 8.90 4.88 3.74 4.23
Fund with Sales Charge (%) (POP) After Shares Sold 6.55 4.47 3.62 4.11
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.86 4.13 3.38 4.02
Fund without Sales Charge (%) (NAV) After Shares Sold 5.37 3.91 3.35 3.95
Fund with Sales Charge (%) (POP) Before Shares Sold 6.86 4.13 3.38 4.02
Fund with Sales Charge (%) (POP) After Shares Sold 5.37 3.91 3.35 3.95

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

Gross Expense Ratio 0.53%
Net Expense Ratio [further-information] 0.51%
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
Sharpe Ratio 0.81
Standard Deviation 2.85

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index