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) 3.36 1.97 3.27 4.50 5.40
Fund with Sales Charge (%) (POP) 3.36 1.97 3.27 4.50 5.40
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) 0.81 2.01 3.79 4.93 5.39
Fund with Sales Charge (%) (POP) 0.81 2.01 3.79 4.93 5.39
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) 0.81 4.15 1.10 2.05 11.17 -4.88 8.92 10.89 0.92 15.87
Fund with Sales Charge (%) (POP) 0.81 4.15 1.10 2.05 11.17 -4.88 8.92 10.89 0.92 15.87
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) 1.12 3.36 6.04 17.44 55.36 423.58
Fund with Sales Charge (%) (POP) 1.12 3.36 6.04 17.44 55.36 423.58
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) 0.81 0.81 6.15 20.42 61.79 417.79
Fund with Sales Charge (%) (POP) 0.81 0.81 6.15 20.42 61.79 417.79
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 3.36 1.97 3.27 4.50
Fund without Sales Charge (%) (NAV) After Shares Sold 3.39 2.33 3.38 4.46
Fund with Sales Charge (%) (POP) Before Shares Sold 3.36 1.97 3.27 4.50
Fund with Sales Charge (%) (POP) After Shares Sold 3.39 2.33 3.38 4.46
Quarter EndAs of 12/31/2018 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 0.81 2.01 3.79 4.93
Fund without Sales Charge (%) (NAV) After Shares Sold 1.87 2.37 3.81 4.83
Fund with Sales Charge (%) (POP) Before Shares Sold 0.81 2.01 3.79 4.93
Fund with Sales Charge (%) (POP) After Shares Sold 1.87 2.37 3.81 4.83

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

Gross Expense Ratio 0.54%
Net Expense Ratio [further-information] 0.54%
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 0.31
Standard Deviation 2.70

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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