06/28/2022 | Press release | Distributed by Public on 06/28/2022 06:57
Summary Prospectus
|
June 28, 2022
|
Class:
|
A
|
C
|
Y
|
R6
|
Maximum Sales Charge (Load) Imposed on Purchases (as a
percentage of offering price)
|
4.25%
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a percentage of
original purchase price or redemption proceeds, whichever is
less)
|
None1
|
1.00%
|
None
|
None
|
Class:
|
A
|
C
|
Y
|
R6
|
Management Fees
|
0.39%
|
0.39%
|
0.39%
|
0.39%
|
Distribution and/or Service (12b-1) Fees
|
0.25
|
1.00
|
None
|
None
|
Other Expenses
|
0.22
|
0.22
|
0.22
|
0.14
|
Interest
|
0.04
|
0.04
|
0.04
|
0.04
|
Total Other Expenses
|
0.26
|
0.26
|
0.26
|
0.18
|
Total Annual Fund Operating Expenses
|
0.90
|
1.65
|
0.65
|
0.57
|
Fee Waiver and/or Expense Reimbursement2
|
0.16
|
0.16
|
0.16
|
0.08
|
Total Annual Fund Operating Expenses After Fee Waiver and/or
Expense Reimbursement
|
0.74
|
1.49
|
0.49
|
0.49
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Class A
|
$497
|
$684
|
$887
|
$1,472
|
Class C
|
$252
|
$505
|
$882
|
$1,741
|
Class Y
|
$50
|
$192
|
$346
|
$795
|
Class R6
|
$50
|
$175
|
$310
|
$706
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Class A
|
$497
|
$684
|
$887
|
$1,472
|
Class C
|
$152
|
$505
|
$882
|
$1,741
|
Class Y
|
$50
|
$192
|
$346
|
$795
|
Class R6
|
$50
|
$175
|
$310
|
$706
|
Class A
|
Period Ended
|
Returns
|
Year-to-date
|
March 31, 2022
|
-7.67%
|
Best Quarter
|
March 31, 2014
|
5.41%
|
Worst Quarter
|
June 30, 2013
|
-4.14%
|
Inception
Date
|
1
Year
|
5
Years
|
10
Years
|
|
Class A
|
||||
Return Before Taxes
|
11/7/2006
|
-1.30%
|
4.19%
|
4.33%
|
Return After Taxes on Distributions
|
-2.09
|
4.01
|
4.24
|
|
Return After Taxes on Distributions and Sale of Fund
Shares
|
0.66
|
3.95
|
4.17
|
|
Class C
|
11/7/2006
|
1.46
|
4.43
|
4.18
|
Class Y
|
7/29/2011
|
3.41
|
5.28
|
4.92
|
Class R6
|
5/24/2019
|
3.40
|
5.261
|
4.871
|
S&P Municipal Bond Index (reflects no deduction for
fees, expenses or taxes)
|
1.77
|
4.03
|
3.79
|
|
S&P Municipal Bond 5+ Year Investment Grade Index
(reflects no deduction for fees, expenses or taxes)
|
1.86
|
4.66
|
4.36
|
|
Portfolio Managers
|
Title
|
Length of Service on the Fund
|
Mark Paris
|
Portfolio Manager
|
2019
|
Tim Benzel, CFA
|
Portfolio Manager
|
2020
|
Joshua Cooney
|
Portfolio Manager
|
2022
|
Eddie Bernhardt, CFA
|
Portfolio Manager
|
2020
|
Tim O'Reilly
|
Portfolio Manager
|
2020
|
Galen True, CFA
|
Portfolio Manager
|
2020
|
Julius Williams
|
Portfolio Manager
|
2020
|
Type of Account
|
Initial
Investment
Per Fund
|
Additional
Investments
Per Fund
|
Asset or fee-based accounts managed by your financial adviser
|
None
|
None
|
Employer Sponsored Retirement and Benefit Plans and
Employer Sponsored IRAs
|
None
|
None
|
IRAs and Coverdell ESAs if the new investor is purchasing
shares through a systematic purchase plan
|
$25
|
$25
|
All other types of accounts if the investor is purchasing shares
through a systematic purchase plan
|
50
|
50
|
IRAs and Coverdell ESAs
|
250
|
25
|
All other accounts
|
1,000
|
50
|