Average Annual Total Returns [further-information] As of 06/30/2019

Month EndAs of 08/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/01/1987
Fund without Sales Charge (%) (NAV) 7.31 2.44 3.05 4.06 5.38
Fund with Sales Charge (%) (POP) 7.31 2.44 3.05 4.06 5.38
Bloomberg Barclays Municipal Bond Index (%) 8.72 3.30 3.85 4.62 5.98
Quarter EndAs of 06/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/01/1987
Fund without Sales Charge (%) (NAV) 5.23 1.97 2.94 4.16 5.34
Fund with Sales Charge (%) (POP) 5.23 1.97 2.94 4.16 5.34
Bloomberg Barclays Municipal Bond Index (%) 6.71 2.55 3.64 4.72 5.93

Calendar Year Returns

2018 2017
Fund without Sales Charge (%) (NAV) 0.67 3.17
Fund with Sales Charge (%) (POP) 0.67 3.17
Bloomberg Barclays Municipal Bond Index (%) 1.28 5.45

Cumulative Total Returns [further-information] As of 06/30/2019

Month EndAs of 08/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 6.56 7.31 7.49 16.20 48.82 434.39
Fund with Sales Charge (%) (POP) 6.56 7.31 7.49 16.20 48.82 434.39
Bloomberg Barclays Municipal Bond Index (%) 7.61 8.72 10.22 20.77 57.03 540.99
Quarter EndAs of 06/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 4.42 5.23 6.01 15.62 50.33 423.65
Fund with Sales Charge (%) (POP) 4.42 5.23 6.01 15.62 50.33 423.65
Bloomberg Barclays Municipal Bond Index (%) 5.09 6.71 7.85 19.58 58.59 525.99

After-Tax Average Annual Total Returns [further-information] As of 06/30/2019

Month EndAs of 08/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.31 2.44 3.05 4.05
Fund without Sales Charge (%) (NAV) After Shares Sold 5.69 2.62 3.13 4.01
Fund with Sales Charge (%) (POP) Before Shares Sold 7.31 2.44 3.05 4.05
Fund with Sales Charge (%) (POP) After Shares Sold 5.69 2.62 3.13 4.01
Quarter EndAs of 06/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.23 1.97 2.94 4.16
Fund without Sales Charge (%) (NAV) After Shares Sold 4.45 2.27 3.07 4.12
Fund with Sales Charge (%) (POP) Before Shares Sold 5.23 1.97 2.94 4.16
Fund with Sales Charge (%) (POP) After Shares Sold 4.45 2.27 3.07 4.12

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

Gross Expense Ratio 0.65%
Net Expense Ratio [further-information] 0.63%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 08/31/2019 Updated Monthly, based on a 3-year period

Beta 0.72
Sharpe Ratio 0.37
Standard Deviation 2.61

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index