Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 11/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.98 4.09 3.15 4.16 5.45
Fund with Sales Charge (%) (POP) 7.98 4.09 3.15 4.16 5.45
Bloomberg Barclays Municipal Bond Index (%) 8.49 5.03 3.57 4.34 5.92
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 8.17 2.78 3.38 3.96 5.48
Fund with Sales Charge (%) (POP) 8.17 2.78 3.38 3.96 5.48
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.94

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 09/30/2019

Month EndAs of 11/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 6.86 7.98 12.77 16.77 50.29 453.69
Fund with Sales Charge (%) (POP) 6.86 7.98 12.77 16.77 50.29 453.69
Bloomberg Barclays Municipal Bond Index (%) 7.21 8.49 15.84 19.17 53.00 538.58
Quarter EndAs of 09/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 6.74 8.17 8.56 18.11 47.43 453.07
Fund with Sales Charge (%) (POP) 6.74 8.17 8.56 18.11 47.43 453.07
Bloomberg Barclays Municipal Bond Index (%) 6.75 8.55 9.88 19.68 50.38 535.85

After-Tax Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 11/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.98 4.09 3.15 4.16
Fund without Sales Charge (%) (NAV) After Shares Sold 6.09 3.94 3.23 4.13
Fund with Sales Charge (%) (POP) Before Shares Sold 7.98 4.09 3.15 4.16
Fund with Sales Charge (%) (POP) After Shares Sold 6.09 3.94 3.23 4.13
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.17 2.78 3.38 3.96
Fund without Sales Charge (%) (NAV) After Shares Sold 6.23 2.92 3.42 3.96
Fund with Sales Charge (%) (POP) Before Shares Sold 8.17 2.78 3.38 3.96
Fund with Sales Charge (%) (POP) After Shares Sold 6.23 2.92 3.42 3.96

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 11/30/2019 Updated Monthly, based on a 3-year period

Beta 0.83
Sharpe Ratio 1.14
Standard Deviation 2.17

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index