Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.68 3.46 2.66 3.95 5.38
Fund with Sales Charge (%) (POP) 3.68 3.46 2.66 3.95 5.38
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.85
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.68 3.46 2.66 3.95 5.38
Fund with Sales Charge (%) (POP) 3.68 3.46 2.66 3.95 5.38
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.85

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 7.13 0.83 4.15
Fund with Sales Charge (%) (POP) 7.13 0.83 4.15
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45

Cumulative Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) -0.67 3.68 10.73 14.04 47.27 451.38
Fund with Sales Charge (%) (POP) -0.67 3.68 10.73 14.04 47.27 451.38
Bloomberg Barclays Municipal Bond Index (%) -0.63 3.85 12.35 17.00 50.11 536.49
Quarter EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) -0.67 3.68 10.73 14.04 47.27 451.38
Fund with Sales Charge (%) (POP) -0.67 3.68 10.73 14.04 47.27 451.38
Bloomberg Barclays Municipal Bond Index (%) -0.63 3.85 12.35 17.00 50.11 536.49

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.68 3.46 2.66 3.95
Fund without Sales Charge (%) (NAV) After Shares Sold 3.47 3.44 2.84 3.95
Fund with Sales Charge (%) (POP) Before Shares Sold 3.68 3.46 2.66 3.95
Fund with Sales Charge (%) (POP) After Shares Sold 3.47 3.44 2.84 3.95
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.68 3.46 2.66 3.95
Fund without Sales Charge (%) (NAV) After Shares Sold 3.47 3.44 2.84 3.95
Fund with Sales Charge (%) (POP) Before Shares Sold 3.68 3.46 2.66 3.95
Fund with Sales Charge (%) (POP) After Shares Sold 3.47 3.44 2.84 3.95

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 03/31/2020 Updated Monthly, based on a 3-year period

Beta 0.97
Sharpe Ratio 0.51
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