Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 4.01 3.26 2.61 3.56 5.42
Fund with Sales Charge (%) (POP) 4.01 3.26 2.61 3.56 5.42
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.85
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 4.01 3.26 2.61 3.56 5.42
Fund with Sales Charge (%) (POP) 4.01 3.26 2.61 3.56 5.42
Bloomberg Barclays Municipal Bond Index (%) 3.85 3.96 3.19 4.14 5.85

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 6.78 1.68 2.25
Fund with Sales Charge (%) (POP) 6.78 1.68 2.25
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45

Cumulative Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) -0.08 4.01 10.09 13.76 41.86 457.57
Fund with Sales Charge (%) (POP) -0.08 4.01 10.09 13.76 41.86 457.57
Bloomberg Barclays Municipal Bond Index (%) -0.63 3.85 12.35 17.00 50.11 536.49
Quarter EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) -0.08 4.01 10.09 13.76 41.86 457.57
Fund with Sales Charge (%) (POP) -0.08 4.01 10.09 13.76 41.86 457.57
Bloomberg Barclays Municipal Bond Index (%) -0.63 3.85 12.35 17.00 50.11 536.49

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.01 3.26 2.61 3.56
Fund without Sales Charge (%) (NAV) After Shares Sold 3.63 3.24 2.78 3.61
Fund with Sales Charge (%) (POP) Before Shares Sold 4.01 3.26 2.61 3.56
Fund with Sales Charge (%) (POP) After Shares Sold 3.63 3.24 2.78 3.61
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.01 3.26 2.61 3.56
Fund without Sales Charge (%) (NAV) After Shares Sold 3.63 3.24 2.78 3.61
Fund with Sales Charge (%) (POP) Before Shares Sold 4.01 3.26 2.61 3.56
Fund with Sales Charge (%) (POP) After Shares Sold 3.63 3.24 2.78 3.61

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

Gross Expense Ratio 0.55%
Net Expense Ratio [further-information] 0.54%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 03/31/2020 Updated Monthly, based on a 3-year period

Beta 0.81
Sharpe Ratio 0.53
Standard Deviation 2.95

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index