Average Annual Total Returns [further-information] As of 12/31/2018

Month EndAs of 02/28/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/01/1987
Fund without Sales Charge (%) (NAV) 3.32 1.58 2.71 3.85 5.31
Fund with Sales Charge (%) (POP) 3.32 1.58 2.71 3.85 5.31
Bloomberg Barclays Municipal Bond Index (%) 4.13 2.28 3.44 4.56 5.87
Quarter EndAs of 12/31/2018 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/01/1987
Fund without Sales Charge (%) (NAV) 1.37 1.65 3.17 4.20 5.31
Fund with Sales Charge (%) (POP) 1.37 1.65 3.17 4.20 5.31
Bloomberg Barclays Municipal Bond Index (%) 1.28 2.30 3.82 4.85 5.86

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 1.37 1.62 1.97 1.87 9.23 -5.71 6.92 10.81 0.73 14.70
Fund with Sales Charge (%) (POP) 1.37 1.62 1.97 1.87 9.23 -5.71 6.92 10.81 0.73 14.70
Bloomberg Barclays Municipal Bond Index (%) 1.28 5.45 0.25 3.30 9.05 -2.55 6.78 10.70 2.38 12.91

Cumulative Total Returns [further-information] As of 12/31/2018

Month EndAs of 02/28/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 1.00 3.32 4.81 14.30 45.96 410.23
Fund with Sales Charge (%) (POP) 1.00 3.32 4.81 14.30 45.96 410.23
Bloomberg Barclays Municipal Bond Index (%) 1.30 4.13 7.00 18.45 56.12 503.36
Quarter EndAs of 12/31/2018 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 1.37 1.37 5.04 16.89 50.88 405.18
Fund with Sales Charge (%) (POP) 1.37 1.37 5.04 16.89 50.88 405.18
Bloomberg Barclays Municipal Bond Index (%) 1.28 1.28 7.07 20.61 60.60 495.65

After-Tax Average Annual Total Returns [further-information] As of 12/31/2018

Month EndAs of 02/28/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.32 1.58 2.71 3.85
Fund without Sales Charge (%) (NAV) After Shares Sold 3.31 2.01 2.93 3.90
Fund with Sales Charge (%) (POP) Before Shares Sold 3.32 1.58 2.71 3.85
Fund with Sales Charge (%) (POP) After Shares Sold 3.31 2.01 2.93 3.90
Quarter EndAs of 12/31/2018 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.37 1.65 3.17 4.20
Fund without Sales Charge (%) (NAV) After Shares Sold 2.15 2.08 3.31 4.20
Fund with Sales Charge (%) (POP) Before Shares Sold 1.37 1.65 3.17 4.20
Fund with Sales Charge (%) (POP) After Shares Sold 2.15 2.08 3.31 4.20

SALES CHARGE, EXPENSES & FEES As of 09/10/2018 (updated annually)

Gross Expense Ratio 0.57%
Net Expense Ratio [further-information] 0.57%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 02/28/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.19
Standard Deviation 2.32

Benchmarks

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

  • Bloomberg Barclays Municipal Bond Index

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