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 10/03/1988
Fund without Sales Charge (%) (NAV) 6.85 3.29 2.61 3.30 4.92
Fund with Sales Charge (%) (POP) 6.85 3.29 2.61 3.30 4.92
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.90
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/03/1988
Fund without Sales Charge (%) (NAV) 5.28 2.76 2.15 3.17 4.87
Fund with Sales Charge (%) (POP) 5.28 2.76 2.15 3.17 4.87
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.83

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 5.28 1.00 2.04
Fund with Sales Charge (%) (POP) 5.28 1.00 2.04
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 10/03/1988
Fund without Sales Charge (%) (NAV) 2.45 6.85 10.20 13.76 38.40 352.60
Fund with Sales Charge (%) (POP) 2.45 6.85 10.20 13.76 38.40 352.60
Bloomberg Barclays Municipal Bond Index (%) 3.11 9.46 16.83 21.75 55.38 505.17
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/03/1988
Fund without Sales Charge (%) (NAV) 5.28 5.28 8.50 11.23 36.68 341.76
Fund with Sales Charge (%) (POP) 5.28 5.28 8.50 11.23 36.68 341.76
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 486.92

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 6.85 3.29 2.61 3.30
Fund without Sales Charge (%) (NAV) After Shares Sold 5.44 3.30 2.79 3.40
Fund with Sales Charge (%) (POP) Before Shares Sold 6.85 3.29 2.61 3.30
Fund with Sales Charge (%) (POP) After Shares Sold 5.44 3.30 2.79 3.40
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.28 2.76 2.15 3.17
Fund without Sales Charge (%) (NAV) After Shares Sold 4.54 2.91 2.45 3.31
Fund with Sales Charge (%) (POP) Before Shares Sold 5.28 2.76 2.15 3.17
Fund with Sales Charge (%) (POP) After Shares Sold 4.54 2.91 2.45 3.31

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 02/29/2020 Updated Monthly, based on a 3-year period

Beta 0.63
Sharpe Ratio 0.90
Standard Deviation 1.78

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index