Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/18/1986
Fund without Sales Charge (%) (NAV) 2.13 3.50 3.66 4.58 5.98
Fund with Sales Charge (%) (POP) 2.13 3.50 3.66 4.58 5.98
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.90
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/18/1986
Fund without Sales Charge (%) (NAV) 2.13 3.50 3.66 4.58 5.98
Fund with Sales Charge (%) (POP) 2.13 3.50 3.66 4.58 5.98
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.90

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 7.76 2.17 3.86
Fund with Sales Charge (%) (POP) 7.76 2.17 3.86
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45

Cumulative Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/18/1986
Fund without Sales Charge (%) (NAV) -0.02 2.13 10.88 19.67 56.51 632.42
Fund with Sales Charge (%) (POP) -0.02 2.13 10.88 19.67 56.51 632.42
Bloomberg Barclays Municipal Bond Index (%) 2.08 4.45 13.20 21.26 51.12 613.88
Quarter EndAs of 06/30/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/18/1986
Fund without Sales Charge (%) (NAV) -0.02 2.13 10.88 19.67 56.51 632.42
Fund with Sales Charge (%) (POP) -0.02 2.13 10.88 19.67 56.51 632.42
Bloomberg Barclays Municipal Bond Index (%) 2.08 4.45 13.20 21.26 51.12 613.88

After-Tax Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.13 3.50 3.66 4.58
Fund without Sales Charge (%) (NAV) After Shares Sold 2.95 3.73 3.85 4.62
Fund with Sales Charge (%) (POP) Before Shares Sold 2.13 3.50 3.66 4.58
Fund with Sales Charge (%) (POP) After Shares Sold 2.95 3.73 3.85 4.62
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.13 3.50 3.66 4.58
Fund without Sales Charge (%) (NAV) After Shares Sold 2.95 3.73 3.85 4.62
Fund with Sales Charge (%) (POP) Before Shares Sold 2.13 3.50 3.66 4.58
Fund with Sales Charge (%) (POP) After Shares Sold 2.95 3.73 3.85 4.62

SALES CHARGE, EXPENSES & FEES As of 07/01/2020 (updated annually)

Gross Expense Ratio 0.51%
Net Expense Ratio [further-information] 0.50%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 06/30/2020 Updated Monthly, based on a 3-year period

Beta 1.21
Sharpe Ratio 0.37
Standard Deviation 5.02

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index