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

Month EndAs of 11/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.28 3.83 2.96 3.70 5.29
Fund with Sales Charge (%) (POP) 7.28 3.83 2.96 3.70 5.29
Bloomberg Barclays Municipal Bond Index (%) 8.49 5.03 3.57 4.34 5.92
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.55 2.43 3.14 3.55 5.31
Fund with Sales Charge (%) (POP) 7.55 2.43 3.14 3.55 5.31
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) 0.75 3.83
Fund with Sales Charge (%) (POP) 0.75 3.83
Bloomberg Barclays Municipal Bond Index (%) 1.28 5.45

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

Month EndAs of 11/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 6.23 7.28 11.93 15.71 43.84 427.29
Fund with Sales Charge (%) (POP) 6.23 7.28 11.93 15.71 43.84 427.29
Bloomberg Barclays Municipal Bond Index (%) 7.21 8.49 15.84 19.17 53.00 538.58
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) 6.10 7.55 7.48 16.71 41.81 426.66
Fund with Sales Charge (%) (POP) 6.10 7.55 7.48 16.71 41.81 426.66
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 11/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.28 3.83 2.96 3.70
Fund without Sales Charge (%) (NAV) After Shares Sold 5.63 3.70 3.06 3.73
Fund with Sales Charge (%) (POP) Before Shares Sold 7.28 3.83 2.96 3.70
Fund with Sales Charge (%) (POP) After Shares Sold 5.63 3.70 3.06 3.73
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.55 2.43 3.14 3.55
Fund without Sales Charge (%) (NAV) After Shares Sold 5.82 2.62 3.21 3.61
Fund with Sales Charge (%) (POP) Before Shares Sold 7.55 2.43 3.14 3.55
Fund with Sales Charge (%) (POP) After Shares Sold 5.82 2.62 3.21 3.61

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 11/30/2019 Updated Monthly, based on a 3-year period

Beta 0.84
Sharpe Ratio 1.03
Standard Deviation 2.16

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index