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 09/01/1987
Fund without Sales Charge (%) (NAV) 8.99 4.55 3.37 4.03 5.49
Fund with Sales Charge (%) (POP) 8.99 4.55 3.37 4.03 5.49
Bloomberg Barclays Municipal Bond Index (%) 9.46 5.32 4.01 4.51 5.98
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/01/1987
Fund without Sales Charge (%) (NAV) 6.94 3.84 2.95 3.84 5.42
Fund with Sales Charge (%) (POP) 6.94 3.84 2.95 3.84 5.42
Bloomberg Barclays Municipal Bond Index (%) 7.54 4.73 3.53 4.34 5.91

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 12/31/2019

Month EndAs of 02/29/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 3.14 8.99 14.28 18.02 48.39 467.49
Fund with Sales Charge (%) (POP) 3.14 8.99 14.28 18.02 48.39 467.49
Bloomberg Barclays Municipal Bond Index (%) 3.11 9.46 16.83 21.75 55.38 560.45
Quarter EndAs of 12/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 6.94 6.94 11.97 15.65 45.81 450.24
Fund with Sales Charge (%) (POP) 6.94 6.94 11.97 15.65 45.81 450.24
Bloomberg Barclays Municipal Bond Index (%) 7.54 7.54 14.85 18.93 52.95 540.53

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 8.99 4.55 3.37 4.03
Fund without Sales Charge (%) (NAV) After Shares Sold 6.64 4.25 3.37 3.97
Fund with Sales Charge (%) (POP) Before Shares Sold 8.99 4.55 3.37 4.03
Fund with Sales Charge (%) (POP) After Shares Sold 6.64 4.25 3.37 3.97
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.94 3.84 2.95 3.84
Fund without Sales Charge (%) (NAV) After Shares Sold 5.47 3.73 3.07 3.84
Fund with Sales Charge (%) (POP) Before Shares Sold 6.94 3.84 2.95 3.84
Fund with Sales Charge (%) (POP) After Shares Sold 5.47 3.73 3.07 3.84

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

Beta 0.89
Sharpe Ratio 1.20
Standard Deviation 2.39

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index