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 12/01/1986
Fund without Sales Charge (%) (NAV) 7.32 3.68 3.00 3.90 5.30
Fund with Sales Charge (%) (POP) 7.32 3.68 3.00 3.90 5.30
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.86
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/01/1986
Fund without Sales Charge (%) (NAV) 5.67 3.21 2.70 3.77 5.25
Fund with Sales Charge (%) (POP) 5.67 3.21 2.70 3.77 5.25
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.79

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 5.67 1.53 2.49
Fund with Sales Charge (%) (POP) 5.67 1.53 2.49
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 12/01/1986
Fund without Sales Charge (%) (NAV) 2.52 7.32 11.44 15.90 46.58 456.51
Fund with Sales Charge (%) (POP) 2.52 7.32 11.44 15.90 46.58 456.51
Bloomberg Barclays Municipal Bond Index (%) 3.11 9.46 16.83 21.75 55.38 563.69
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/01/1986
Fund without Sales Charge (%) (NAV) 5.67 5.67 9.95 14.26 44.75 442.84
Fund with Sales Charge (%) (POP) 5.67 5.67 9.95 14.26 44.75 442.84
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 543.67

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 7.32 3.68 3.00 3.90
Fund without Sales Charge (%) (NAV) After Shares Sold 5.74 3.66 3.15 3.93
Fund with Sales Charge (%) (POP) Before Shares Sold 7.32 3.68 3.00 3.90
Fund with Sales Charge (%) (POP) After Shares Sold 5.74 3.66 3.15 3.93
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.67 3.21 2.70 3.77
Fund without Sales Charge (%) (NAV) After Shares Sold 4.82 3.33 2.94 3.84
Fund with Sales Charge (%) (POP) Before Shares Sold 5.67 3.21 2.70 3.77
Fund with Sales Charge (%) (POP) After Shares Sold 4.82 3.33 2.94 3.84

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 02/29/2020 Updated Monthly, based on a 3-year period

Beta 0.69
Sharpe Ratio 1.03
Standard Deviation 1.94

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index