Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 10/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/01/1987
Fund without Sales Charge (%) (NAV) 8.11 2.76 3.02 3.79 5.48
Fund with Sales Charge (%) (POP) 8.11 2.76 3.02 3.79 5.48
Bloomberg Barclays Municipal Bond Index (%) 9.42 3.62 3.55 4.40 5.93
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.57 2.62 3.12 3.61 5.50
Fund with Sales Charge (%) (POP) 7.57 2.62 3.12 3.61 5.50
Bloomberg Barclays Municipal Bond Index (%) 8.55 3.19 3.66 4.16 5.94

Calendar Year Returns

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

Cumulative Total Returns [further-information] As of 09/30/2019

Month EndAs of 10/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 6.38 8.11 8.51 16.02 45.00 455.93
Fund with Sales Charge (%) (POP) 6.38 8.11 8.51 16.02 45.00 455.93
Bloomberg Barclays Municipal Bond Index (%) 6.94 9.42 11.24 19.08 53.88 536.99
Quarter EndAs of 09/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 6.50 7.57 8.06 16.62 42.56 456.52
Fund with Sales Charge (%) (POP) 6.50 7.57 8.06 16.62 42.56 456.52
Bloomberg Barclays Municipal Bond Index (%) 6.75 8.55 9.88 19.68 50.38 535.85

After-Tax Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 10/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.11 2.76 3.02 3.79
Fund without Sales Charge (%) (NAV) After Shares Sold 6.17 2.88 3.12 3.80
Fund with Sales Charge (%) (POP) Before Shares Sold 8.11 2.76 3.02 3.79
Fund with Sales Charge (%) (POP) After Shares Sold 6.17 2.88 3.12 3.80
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.57 2.62 3.12 3.61
Fund without Sales Charge (%) (NAV) After Shares Sold 5.85 2.77 3.20 3.66
Fund with Sales Charge (%) (POP) Before Shares Sold 7.57 2.62 3.12 3.61
Fund with Sales Charge (%) (POP) After Shares Sold 5.85 2.77 3.20 3.66

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 10/31/2019 Updated Monthly, based on a 3-year period

Beta 0.71
Sharpe Ratio 0.44
Standard Deviation 2.59

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index