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) 7.08 3.33 2.67 3.83 5.42
Fund with Sales Charge (%) (POP) 7.08 3.33 2.67 3.83 5.42
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) 7.27 2.13 2.84 3.62 5.45
Fund with Sales Charge (%) (POP) 7.27 2.13 2.84 3.62 5.45
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) 0.70 2.59
Fund with Sales Charge (%) (POP) 0.70 2.59
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) 6.13 7.08 10.33 14.07 45.58 449.26
Fund with Sales Charge (%) (POP) 6.13 7.08 10.33 14.07 45.58 449.26
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) 5.97 7.27 6.52 15.05 42.76 448.45
Fund with Sales Charge (%) (POP) 5.97 7.27 6.52 15.05 42.76 448.45
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 7.08 3.33 2.67 3.83
Fund without Sales Charge (%) (NAV) After Shares Sold 5.61 3.35 2.85 3.83
Fund with Sales Charge (%) (POP) Before Shares Sold 7.08 3.33 2.67 3.83
Fund with Sales Charge (%) (POP) After Shares Sold 5.61 3.35 2.85 3.83
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.27 2.13 2.84 3.62
Fund without Sales Charge (%) (NAV) After Shares Sold 5.75 2.42 2.99 3.66
Fund with Sales Charge (%) (POP) Before Shares Sold 7.27 2.13 2.84 3.62
Fund with Sales Charge (%) (POP) After Shares Sold 5.75 2.42 2.99 3.66

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

Gross Expense Ratio 0.59%
Net Expense Ratio [further-information] 0.57%
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 0.80
Sharpe Ratio 0.82
Standard Deviation 2.09

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index