Average Annual Total Returns [further-information] As of 03/31/2019

Month EndAs of 05/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/01/1987
Fund without Sales Charge (%) (NAV) 5.69 1.99 2.37 3.52 5.32
Fund with Sales Charge (%) (POP) 1.73 0.70 1.59 3.12 5.19
Bloomberg Barclays Municipal Bond Index (%) 6.40 2.97 3.58 4.58 5.94
Quarter EndAs of 03/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/01/1987
Fund without Sales Charge (%) (NAV) 4.30 1.62 2.52 3.77 5.29
Fund with Sales Charge (%) (POP) 0.39 0.33 1.74 3.37 5.16
Bloomberg Barclays Municipal Bond Index (%) 5.38 2.71 3.73 4.72 5.91

Calendar Year Returns

2018
Fund without Sales Charge (%) (NAV) 1.21
Fund with Sales Charge (%) (POP) -3.09
Bloomberg Barclays Municipal Bond Index (%) 1.28

Cumulative Total Returns [further-information] As of 03/31/2019

Month EndAs of 05/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 4.03 5.69 6.10 12.43 41.33 418.58
Fund with Sales Charge (%) (POP) 0.13 1.73 2.12 8.22 36.03 399.13
Bloomberg Barclays Municipal Bond Index (%) 4.71 6.40 9.16 19.25 56.53 523.69
Quarter EndAs of 03/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/01/1987
Fund without Sales Charge (%) (NAV) 2.22 4.30 4.94 13.26 44.78 409.57
Fund with Sales Charge (%) (POP) -1.61 0.39 1.00 9.02 39.35 390.46
Bloomberg Barclays Municipal Bond Index (%) 2.90 5.38 8.35 20.12 58.55 512.90

After-Tax Average Annual Total Returns [further-information] As of 03/31/2019

Month EndAs of 05/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.69 1.99 2.37 3.52
Fund without Sales Charge (%) (NAV) After Shares Sold 4.62 2.26 2.60 3.58
Fund with Sales Charge (%) (POP) Before Shares Sold 1.73 0.70 1.59 3.12
Fund with Sales Charge (%) (POP) After Shares Sold 2.22 1.26 1.98 3.25
Quarter EndAs of 03/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.30 1.62 2.52 3.77
Fund without Sales Charge (%) (NAV) After Shares Sold 3.78 1.99 2.73 3.80
Fund with Sales Charge (%) (POP) Before Shares Sold 0.39 0.33 1.74 3.37
Fund with Sales Charge (%) (POP) After Shares Sold 1.42 0.99 2.12 3.47

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

Gross Expense Ratio 0.81%
Net Expense Ratio [further-information] 0.81%
Max Initial Sales Charge 3.75%
CDSC 0.75%

Volatility Measures [further-information] As of 05/31/2019 Updated Monthly, based on a 3-year period

Beta 0.66
Sharpe Ratio 0.27
Standard Deviation 2.46

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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