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) 7.52 2.48 3.10 4.02 5.22
Fund with Sales Charge (%) (POP) 7.52 2.48 3.10 4.02 5.22
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) 6.06 2.01 3.03 4.20 5.18
Fund with Sales Charge (%) (POP) 6.06 2.01 3.03 4.20 5.18
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) 1.33 3.07
Fund with Sales Charge (%) (POP) 1.33 3.07
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) 6.75 7.52 7.64 16.48 48.35 382.61
Fund with Sales Charge (%) (POP) 6.75 7.52 7.64 16.48 48.35 382.61
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) 4.63 6.06 6.15 16.11 50.90 373.05
Fund with Sales Charge (%) (POP) 4.63 6.06 6.15 16.11 50.90 373.05
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 7.52 2.48 3.10 4.02
Fund without Sales Charge (%) (NAV) After Shares Sold 5.85 2.67 3.18 3.99
Fund with Sales Charge (%) (POP) Before Shares Sold 7.52 2.48 3.10 4.02
Fund with Sales Charge (%) (POP) After Shares Sold 5.85 2.67 3.18 3.99
Quarter EndAs of 06/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.06 2.01 3.03 4.20
Fund without Sales Charge (%) (NAV) After Shares Sold 5.01 2.32 3.15 4.16
Fund with Sales Charge (%) (POP) Before Shares Sold 6.06 2.01 3.03 4.20
Fund with Sales Charge (%) (POP) After Shares Sold 5.01 2.32 3.15 4.16

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

Gross Expense Ratio 0.61%
Net Expense Ratio [further-information] 0.58%
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 0.78
Sharpe Ratio 0.32
Standard Deviation 2.85

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index