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

Month EndAs of 10/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/01/1987
Fund without Sales Charge (%) (NAV) 8.70 2.93 3.11 3.94 5.43
Fund with Sales Charge (%) (POP) 8.70 2.93 3.11 3.94 5.43
Bloomberg Barclays Municipal Bond Index (%) 9.42 3.62 3.55 4.40 5.93
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/01/1987
Fund without Sales Charge (%) (NAV) 8.12 2.68 3.23 3.74 5.45
Fund with Sales Charge (%) (POP) 8.12 2.68 3.23 3.74 5.45
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) 1.25 3.41
Fund with Sales Charge (%) (POP) 1.25 3.41
Bloomberg Barclays Municipal Bond Index (%) 1.28 5.45

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

Month EndAs of 10/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 6.61 8.70 9.06 16.53 47.20 448.53
Fund with Sales Charge (%) (POP) 6.61 8.70 9.06 16.53 47.20 448.53
Bloomberg Barclays Municipal Bond Index (%) 6.94 9.42 11.24 19.08 53.88 536.99
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) 6.63 8.12 8.26 17.23 44.40 448.62
Fund with Sales Charge (%) (POP) 6.63 8.12 8.26 17.23 44.40 448.62
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 10/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.70 2.93 3.11 3.94
Fund without Sales Charge (%) (NAV) After Shares Sold 6.55 3.02 3.20 3.93
Fund with Sales Charge (%) (POP) Before Shares Sold 8.70 2.93 3.11 3.94
Fund with Sales Charge (%) (POP) After Shares Sold 6.55 3.02 3.20 3.93
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 8.12 2.68 3.23 3.74
Fund without Sales Charge (%) (NAV) After Shares Sold 6.20 2.83 3.30 3.76
Fund with Sales Charge (%) (POP) Before Shares Sold 8.12 2.68 3.23 3.74
Fund with Sales Charge (%) (POP) After Shares Sold 6.20 2.83 3.30 3.76

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

Gross Expense Ratio 0.61%
Net Expense Ratio [further-information] 0.59%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 10/31/2019 Updated Monthly, based on a 3-year period

Beta 0.84
Sharpe Ratio 0.46
Standard Deviation 2.95

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index