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

Month EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/12/1988
Fund without Sales Charge (%) (NAV) 1.90 3.21 2.99 3.23 5.32
Fund with Sales Charge (%) (POP) 1.90 3.21 2.99 3.23 5.32
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.86
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/12/1988
Fund without Sales Charge (%) (NAV) 1.90 3.21 2.99 3.23 5.32
Fund with Sales Charge (%) (POP) 1.90 3.21 2.99 3.23 5.32
Bloomberg Barclays Municipal Bond Index (%) 4.45 4.22 3.93 4.21 5.86

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 6.67 1.66 2.82
Fund with Sales Charge (%) (POP) 6.67 1.66 2.82
Bloomberg Barclays Municipal Bond Index (%) 7.54 1.28 5.45

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

Month EndAs of 06/30/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/12/1988
Fund without Sales Charge (%) (NAV) -0.09 1.90 9.96 15.88 37.48 428.88
Fund with Sales Charge (%) (POP) -0.09 1.90 9.96 15.88 37.48 428.88
Bloomberg Barclays Municipal Bond Index (%) 2.08 4.45 13.20 21.26 51.12 523.42
Quarter EndAs of 06/30/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/12/1988
Fund without Sales Charge (%) (NAV) -0.09 1.90 9.96 15.88 37.48 428.88
Fund with Sales Charge (%) (POP) -0.09 1.90 9.96 15.88 37.48 428.88
Bloomberg Barclays Municipal Bond Index (%) 2.08 4.45 13.20 21.26 51.12 523.42

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

Month EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.90 3.21 2.99 3.23
Fund without Sales Charge (%) (NAV) After Shares Sold 2.31 3.26 3.14 3.38
Fund with Sales Charge (%) (POP) Before Shares Sold 1.90 3.21 2.99 3.23
Fund with Sales Charge (%) (POP) After Shares Sold 2.31 3.26 3.14 3.38
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.90 3.21 2.99 3.23
Fund without Sales Charge (%) (NAV) After Shares Sold 2.31 3.26 3.14 3.38
Fund with Sales Charge (%) (POP) Before Shares Sold 1.90 3.21 2.99 3.23
Fund with Sales Charge (%) (POP) After Shares Sold 2.31 3.26 3.14 3.38

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

Gross Expense Ratio 0.53%
Net Expense Ratio [further-information] 0.53%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 06/30/2020 Updated Monthly, based on a 3-year period

Beta 1.03
Sharpe Ratio 0.38
Standard Deviation 4.16

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index