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) 3.38 1.75 3.16 4.56 5.50
Fund with Sales Charge (%) (POP) 3.38 1.75 3.16 4.56 5.50
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) 1.10 1.82 3.67 4.91 5.50
Fund with Sales Charge (%) (POP) 1.10 1.82 3.67 4.91 5.50
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) 1.10 2.88 1.50 2.10 11.08 -5.23 8.54 12.17 0.11 16.79
Fund with Sales Charge (%) (POP) 1.10 2.88 1.50 2.10 11.08 -5.23 8.54 12.17 0.11 16.79
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) 1.01 3.38 5.34 16.81 56.26 439.94
Fund with Sales Charge (%) (POP) 1.01 3.38 5.34 16.81 56.26 439.94
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) 1.10 1.10 5.57 19.73 61.55 434.53
Fund with Sales Charge (%) (POP) 1.10 1.10 5.57 19.73 61.55 434.53
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 3.38 1.75 3.16 4.57
Fund without Sales Charge (%) (NAV) After Shares Sold 3.41 2.17 3.31 4.52
Fund with Sales Charge (%) (POP) Before Shares Sold 3.38 1.75 3.16 4.57
Fund with Sales Charge (%) (POP) After Shares Sold 3.41 2.17 3.31 4.52
Quarter EndAs of 12/31/2018 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.10 1.82 3.67 4.91
Fund without Sales Charge (%) (NAV) After Shares Sold 2.03 2.24 3.73 4.82
Fund with Sales Charge (%) (POP) Before Shares Sold 1.10 1.82 3.67 4.91
Fund with Sales Charge (%) (POP) After Shares Sold 2.03 2.24 3.73 4.82

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 0.23
Standard Deviation 2.63

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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