Average Annual Total Returns [further-information] As of 06/30/2019

Month EndAs of 07/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/01/1987
Fund without Sales Charge (%) (NAV) 6.46 2.31 3.51 4.47 5.47
Fund with Sales Charge (%) (POP) 6.46 2.31 3.51 4.47 5.47
Bloomberg Barclays Municipal Bond Index (%) 7.31 2.81 3.77 4.63 5.94
Quarter EndAs of 06/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/01/1987
Fund without Sales Charge (%) (NAV) 5.80 2.07 3.30 4.51 5.46
Fund with Sales Charge (%) (POP) 5.80 2.07 3.30 4.51 5.46
Bloomberg Barclays Municipal Bond Index (%) 6.71 2.55 3.64 4.72 5.93

Calendar Year Returns

2018 2017
Fund without Sales Charge (%) (NAV) 0.83 4.15
Fund with Sales Charge (%) (POP) 0.83 4.15
Bloomberg Barclays Municipal Bond Index (%) 1.28 5.45

Cumulative Total Returns [further-information] As of 06/30/2019

Month EndAs of 07/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 5.54 6.46 7.09 18.83 54.91 446.86
Fund with Sales Charge (%) (POP) 5.54 6.46 7.09 18.83 54.91 446.86
Bloomberg Barclays Municipal Bond Index (%) 5.94 7.31 8.65 20.33 57.24 531.03
Quarter EndAs of 06/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 4.78 5.80 6.34 17.63 55.44 442.91
Fund with Sales Charge (%) (POP) 4.78 5.80 6.34 17.63 55.44 442.91
Bloomberg Barclays Municipal Bond Index (%) 5.09 6.71 7.85 19.58 58.59 525.99

After-Tax Average Annual Total Returns [further-information] As of 06/30/2019

Month EndAs of 07/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.46 2.31 3.51 4.47
Fund without Sales Charge (%) (NAV) After Shares Sold 5.23 2.57 3.54 4.40
Fund with Sales Charge (%) (POP) Before Shares Sold 6.46 2.31 3.51 4.47
Fund with Sales Charge (%) (POP) After Shares Sold 5.23 2.57 3.54 4.40
Quarter EndAs of 06/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.80 2.07 3.30 4.51
Fund without Sales Charge (%) (NAV) After Shares Sold 4.84 2.38 3.38 4.44
Fund with Sales Charge (%) (POP) Before Shares Sold 5.80 2.07 3.30 4.51
Fund with Sales Charge (%) (POP) After Shares Sold 4.84 2.38 3.38 4.44

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

Gross Expense Ratio 0.55%
Net Expense Ratio [further-information] 0.53%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 07/31/2019 Updated Monthly, based on a 3-year period

Beta 0.78
Sharpe Ratio 0.31
Standard Deviation 2.74

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index

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