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 12/01/1986
Fund without Sales Charge (%) (NAV) 6.36 3.26 2.80 3.82 5.25
Fund with Sales Charge (%) (POP) 6.36 3.26 2.80 3.82 5.25
Bloomberg Barclays Municipal Bond Index (%) 8.49 5.03 3.57 4.34 5.80
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/01/1986
Fund without Sales Charge (%) (NAV) 6.46 2.27 2.94 3.67 5.28
Fund with Sales Charge (%) (POP) 6.46 2.27 2.94 3.67 5.28
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.81

Calendar Year Returns

2018 2017
Fund without Sales Charge (%) (NAV) 1.53 2.49
Fund with Sales Charge (%) (POP) 1.53 2.49
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 12/01/1986
Fund without Sales Charge (%) (NAV) 5.48 6.36 10.11 14.78 45.46 441.89
Fund with Sales Charge (%) (POP) 5.48 6.36 10.11 14.78 45.46 441.89
Bloomberg Barclays Municipal Bond Index (%) 7.21 8.49 15.84 19.17 53.00 541.71
Quarter EndAs of 09/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/01/1986
Fund without Sales Charge (%) (NAV) 5.46 6.46 6.96 15.57 43.41 441.76
Fund with Sales Charge (%) (POP) 5.46 6.46 6.96 15.57 43.41 441.76
Bloomberg Barclays Municipal Bond Index (%) 6.75 8.55 9.88 19.68 50.38 538.97

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 6.36 3.26 2.80 3.82
Fund without Sales Charge (%) (NAV) After Shares Sold 5.25 3.37 3.02 3.89
Fund with Sales Charge (%) (POP) Before Shares Sold 6.36 3.26 2.80 3.82
Fund with Sales Charge (%) (POP) After Shares Sold 5.25 3.37 3.02 3.89
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.46 2.27 2.94 3.67
Fund without Sales Charge (%) (NAV) After Shares Sold 5.34 2.60 3.14 3.76
Fund with Sales Charge (%) (POP) Before Shares Sold 6.46 2.27 2.94 3.67
Fund with Sales Charge (%) (POP) After Shares Sold 5.34 2.60 3.14 3.76

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

Gross Expense Ratio 0.57%
Net Expense Ratio [further-information] 0.54%
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 0.65
Sharpe Ratio 0.93
Standard Deviation 1.77

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index