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 09/01/1987
Fund without Sales Charge (%) (NAV) 9.09 4.30 3.32 4.22 5.61
Fund with Sales Charge (%) (POP) 9.09 4.30 3.32 4.22 5.61
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.98
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 6.70 3.57 2.86 3.99 5.54
Fund with Sales Charge (%) (POP) 6.70 3.57 2.86 3.99 5.54
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.91

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 6.70 1.22 2.88
Fund with Sales Charge (%) (POP) 6.70 1.22 2.88
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 09/01/1987
Fund without Sales Charge (%) (NAV) 3.28 9.09 13.45 17.76 51.15 489.96
Fund with Sales Charge (%) (POP) 3.28 9.09 13.45 17.76 51.15 489.96
Bloomberg Barclays Municipal Bond Index (%) 3.11 9.46 16.83 21.75 55.38 560.45
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 6.70 6.70 11.11 15.15 47.95 471.21
Fund with Sales Charge (%) (POP) 6.70 6.70 11.11 15.15 47.95 471.21
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 540.53

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 9.09 4.30 3.32 4.22
Fund without Sales Charge (%) (NAV) After Shares Sold 6.71 4.06 3.36 4.16
Fund with Sales Charge (%) (POP) Before Shares Sold 9.09 4.30 3.32 4.22
Fund with Sales Charge (%) (POP) After Shares Sold 6.71 4.06 3.36 4.16
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.70 3.57 2.86 3.99
Fund without Sales Charge (%) (NAV) After Shares Sold 5.35 3.54 3.02 4.00
Fund with Sales Charge (%) (POP) Before Shares Sold 6.70 3.57 2.86 3.99
Fund with Sales Charge (%) (POP) After Shares Sold 5.35 3.54 3.02 4.00

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

Gross Expense Ratio 0.58%
Net Expense Ratio [further-information] 0.55%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 02/29/2020 Updated Monthly, based on a 3-year period

Beta 0.86
Sharpe Ratio 1.08
Standard Deviation 2.39

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index