Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 6.40 3.20 2.59 3.77 5.42
Fund with Sales Charge (%) (POP) 6.40 3.20 2.59 3.77 5.42
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.91
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 6.40 3.20 2.59 3.77 5.42
Fund with Sales Charge (%) (POP) 6.40 3.20 2.59 3.77 5.42
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) 6.40 0.70 2.59
Fund with Sales Charge (%) (POP) 6.40 0.70 2.59
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45

Cumulative Total Returns [further-information] As of 12/31/2019

Month 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) 6.40 6.40 9.92 13.65 44.83 450.67
Fund with Sales Charge (%) (POP) 6.40 6.40 9.92 13.65 44.83 450.67
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 540.53
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) 6.40 6.40 9.92 13.65 44.83 450.67
Fund with Sales Charge (%) (POP) 6.40 6.40 9.92 13.65 44.83 450.67
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 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.40 3.20 2.59 3.77
Fund without Sales Charge (%) (NAV) After Shares Sold 5.19 3.25 2.79 3.78
Fund with Sales Charge (%) (POP) Before Shares Sold 6.40 3.20 2.59 3.77
Fund with Sales Charge (%) (POP) After Shares Sold 5.19 3.25 2.79 3.78
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.40 3.20 2.59 3.77
Fund without Sales Charge (%) (NAV) After Shares Sold 5.19 3.25 2.79 3.78
Fund with Sales Charge (%) (POP) Before Shares Sold 6.40 3.20 2.59 3.77
Fund with Sales Charge (%) (POP) After Shares Sold 5.19 3.25 2.79 3.78

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 12/31/2019 Updated Monthly, based on a 3-year period

Beta 0.81
Sharpe Ratio 0.75
Standard Deviation 2.08

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index