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 09/01/1987
Fund without Sales Charge (%) (NAV) 8.69 4.40 3.36 3.87 5.36
Fund with Sales Charge (%) (POP) 8.69 4.40 3.36 3.87 5.36
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.98
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 6.48 3.66 2.89 3.67 5.28
Fund with Sales Charge (%) (POP) 6.48 3.66 2.89 3.67 5.28
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.91

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 6.48 0.75 3.83
Fund with Sales Charge (%) (POP) 6.48 0.75 3.83
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 09/01/1987
Fund without Sales Charge (%) (NAV) 3.18 8.69 13.78 17.95 46.24 445.36
Fund with Sales Charge (%) (POP) 3.18 8.69 13.78 17.95 46.24 445.36
Bloomberg Barclays Municipal Bond Index (%) 3.11 9.46 16.83 21.75 55.38 560.45
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 6.48 6.48 11.40 15.33 43.44 428.55
Fund with Sales Charge (%) (POP) 6.48 6.48 11.40 15.33 43.44 428.55
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 540.53

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 8.69 4.40 3.36 3.87
Fund without Sales Charge (%) (NAV) After Shares Sold 6.40 4.12 3.34 3.84
Fund with Sales Charge (%) (POP) Before Shares Sold 8.69 4.40 3.36 3.87
Fund with Sales Charge (%) (POP) After Shares Sold 6.40 4.12 3.34 3.84
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.48 3.66 2.89 3.67
Fund without Sales Charge (%) (NAV) After Shares Sold 5.14 3.57 3.01 3.70
Fund with Sales Charge (%) (POP) Before Shares Sold 6.48 3.66 2.89 3.67
Fund with Sales Charge (%) (POP) After Shares Sold 5.14 3.57 3.01 3.70

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

Gross Expense Ratio 0.53%
Net Expense Ratio [further-information] 0.52%
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 0.89
Sharpe Ratio 1.14
Standard Deviation 2.38

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index