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 10/03/1988
Fund without Sales Charge (%) (NAV) 6.00 1.63 2.40 3.46 4.92
Fund with Sales Charge (%) (POP) 6.00 1.63 2.40 3.46 4.92
Bloomberg Barclays Municipal Bond Index (%) 8.72 3.30 3.85 4.62 5.90
Quarter EndAs of 06/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 10/03/1988
Fund without Sales Charge (%) (NAV) 4.67 1.24 2.43 3.66 4.90
Fund with Sales Charge (%) (POP) 4.67 1.24 2.43 3.66 4.90
Bloomberg Barclays Municipal Bond Index (%) 6.71 2.55 3.64 4.72 5.85

Calendar Year Returns

2018 2017
Fund without Sales Charge (%) (NAV) 1.00 2.04
Fund with Sales Charge (%) (POP) 1.00 2.04
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 10/03/1988
Fund without Sales Charge (%) (NAV) 5.26 6.00 4.97 12.61 40.56 341.67
Fund with Sales Charge (%) (POP) 5.26 6.00 4.97 12.61 40.56 341.67
Bloomberg Barclays Municipal Bond Index (%) 7.61 8.72 10.22 20.77 57.03 487.34
Quarter EndAs of 06/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/03/1988
Fund without Sales Charge (%) (NAV) 3.67 4.67 3.76 12.78 43.20 335.00
Fund with Sales Charge (%) (POP) 3.67 4.67 3.76 12.78 43.20 335.00
Bloomberg Barclays Municipal Bond Index (%) 5.09 6.71 7.85 19.58 58.59 473.60

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 6.00 1.63 2.40 3.46
Fund without Sales Charge (%) (NAV) After Shares Sold 4.99 2.03 2.66 3.56
Fund with Sales Charge (%) (POP) Before Shares Sold 6.00 1.63 2.40 3.46
Fund with Sales Charge (%) (POP) After Shares Sold 4.99 2.03 2.66 3.56
Quarter EndAs of 06/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.67 1.24 2.43 3.66
Fund without Sales Charge (%) (NAV) After Shares Sold 4.20 1.74 2.70 3.73
Fund with Sales Charge (%) (POP) Before Shares Sold 4.67 1.24 2.43 3.66
Fund with Sales Charge (%) (POP) After Shares Sold 4.20 1.74 2.70 3.73

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

Gross Expense Ratio 0.66%
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 0.63
Sharpe Ratio 0.04
Standard Deviation 2.34

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index