Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 07/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.83 3.73 3.32 3.68 5.39
Fund with Sales Charge (%) (POP) 3.83 3.73 3.32 3.68 5.39
Bloomberg Barclays Municipal Bond Index (%) 5.36 4.52 4.13 4.26 5.92
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 2.96 3.44 3.10 3.63 5.36
Fund with Sales Charge (%) (POP) 2.96 3.44 3.10 3.63 5.36
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.89

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 6.94 1.25 3.41
Fund with Sales Charge (%) (POP) 6.94 1.25 3.41
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45

Cumulative Total Returns [further-information] As of 06/30/2020

Month EndAs of 07/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 2.48 3.83 11.61 17.76 43.48 463.87
Fund with Sales Charge (%) (POP) 2.48 3.83 11.61 17.76 43.48 463.87
Bloomberg Barclays Municipal Bond Index (%) 3.80 5.36 14.18 22.42 51.77 564.85
Quarter EndAs of 06/30/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 1.07 2.96 10.68 16.51 42.88 456.14
Fund with Sales Charge (%) (POP) 1.07 2.96 10.68 16.51 42.88 456.14
Bloomberg Barclays Municipal Bond Index (%) 2.08 4.45 13.20 21.26 51.12 553.83

After-Tax Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 07/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.83 3.73 3.32 3.68
Fund without Sales Charge (%) (NAV) After Shares Sold 3.46 3.60 3.33 3.68
Fund with Sales Charge (%) (POP) Before Shares Sold 3.83 3.73 3.32 3.68
Fund with Sales Charge (%) (POP) After Shares Sold 3.46 3.60 3.33 3.68
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.96 3.44 3.10 3.63
Fund without Sales Charge (%) (NAV) After Shares Sold 2.97 3.39 3.17 3.66
Fund with Sales Charge (%) (POP) Before Shares Sold 2.96 3.44 3.10 3.63
Fund with Sales Charge (%) (POP) After Shares Sold 2.97 3.39 3.17 3.66

SALES CHARGE, EXPENSES & FEES As of 07/01/2020 (updated annually)

Gross Expense Ratio 0.60%
Net Expense Ratio [further-information] 0.58%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 07/31/2020 Updated Monthly, based on a 3-year period

Beta 0.81
Sharpe Ratio 0.63
Standard Deviation 3.39

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index