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) 4.09 1.74 2.90 4.08 5.43
Fund with Sales Charge (%) (POP) 4.09 1.74 2.90 4.08 5.43
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) 1.55 1.72 3.34 4.31 5.41
Fund with Sales Charge (%) (POP) 1.55 1.72 3.34 4.31 5.41
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) 1.55 2.25 1.37 2.56 9.19 -5.74 6.93 11.75 1.15 13.50
Fund with Sales Charge (%) (POP) 1.55 2.25 1.37 2.56 9.19 -5.74 6.93 11.75 1.15 13.50
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) 1.24 4.09 5.30 15.34 49.16 428.16
Fund with Sales Charge (%) (POP) 1.24 4.09 5.30 15.34 49.16 428.16
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) 1.55 1.55 5.26 17.87 52.43 421.67
Fund with Sales Charge (%) (POP) 1.55 1.55 5.26 17.87 52.43 421.67
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 4.08 1.74 2.90 4.08
Fund without Sales Charge (%) (NAV) After Shares Sold 3.75 2.13 3.07 4.08
Fund with Sales Charge (%) (POP) Before Shares Sold 4.08 1.74 2.90 4.08
Fund with Sales Charge (%) (POP) After Shares Sold 3.75 2.13 3.07 4.08
Quarter EndAs of 12/31/2018 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.55 1.72 3.34 4.31
Fund without Sales Charge (%) (NAV) After Shares Sold 2.22 2.13 3.44 4.28
Fund with Sales Charge (%) (POP) Before Shares Sold 1.55 1.72 3.34 4.31
Fund with Sales Charge (%) (POP) After Shares Sold 2.22 2.13 3.44 4.28

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

Gross Expense Ratio 0.56%
Net Expense Ratio [further-information] 0.56%
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 0.25
Standard Deviation 2.37

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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