Average Annual Total Returns [further-information] As of 04/30/2019

Month EndAs of 04/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/26/1980
Fund without Sales Charge (%) (NAV) 1.02 7.49 3.95 8.71 12.30
Fund with Sales Charge (%) (POP) 1.02 7.49 3.95 8.71 12.30
MSCI World Index (%) 7.08 12.03 7.91 12.21
Bloomberg Barclays US High Yield Corporate Index (%) 6.74 7.69 4.84 10.15
Quarter EndAs of 03/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/26/1980
Fund without Sales Charge (%) (NAV) 1.82 7.46 3.78 8.96 12.27
Fund with Sales Charge (%) (POP) 1.82 7.46 3.78 8.96 12.27
MSCI World Index (%) 4.61 11.32 7.38 13.02
Bloomberg Barclays US High Yield Corporate Index (%) 5.93 8.57 4.68 11.26

After-Tax Average Annual Total Returns [further-information] As of 04/30/2019

Month EndAs of 04/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -2.52 4.63 1.02 6.15
Fund without Sales Charge (%) (NAV) After Shares Sold 1.72 4.89 2.11 6.29
Fund with Sales Charge (%) (POP) Before Shares Sold -2.52 4.63 1.02 6.15
Fund with Sales Charge (%) (POP) After Shares Sold 1.72 4.89 2.11 6.29
Quarter EndAs of 03/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -1.74 4.60 0.85 6.39
Fund without Sales Charge (%) (NAV) After Shares Sold 2.27 4.89 2.00 6.52
Fund with Sales Charge (%) (POP) Before Shares Sold -1.74 4.60 0.85 6.39
Fund with Sales Charge (%) (POP) After Shares Sold 2.27 4.89 2.00 6.52

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) -7.14 7.25 16.26 -5.55 3.44 25.97 12.57 -1.83 10.16 20.61
Fund with Sales Charge (%) (POP) -7.14 7.25 16.26 -5.55 3.44 25.97 12.57 -1.83 10.16 20.61
MSCI World Index (%) -8.20 23.07 8.15 -0.32 5.50 27.37 16.54 -5.02 12.34 30.79
Bloomberg Barclays US High Yield Corporate Index (%) -2.08 7.50 17.13 15.12 15.12 58.21

Cumulative Total Returns [further-information] As of 04/30/2019

Month EndAs of 04/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) 4.65 11.12 1.02 24.20 21.37 130.59 8,693.73
Fund with Sales Charge (%) (POP) 4.65 11.12 1.02 24.20 21.37 130.59 8,693.73
MSCI World Index (%) 8.25 16.70 7.08 40.56 46.32 216.32
Bloomberg Barclays US High Yield Corporate Index (%) 4.08 8.78 6.74 24.89 26.67 162.89
Quarter EndAs of 03/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) 9.03 9.03 1.82 24.11 20.37 135.89 8,528.73
Fund with Sales Charge (%) (POP) 9.03 9.03 1.82 24.11 20.37 135.89 8,528.73
MSCI World Index (%) 12.65 12.65 4.61 37.90 42.75 239.87
Bloomberg Barclays US High Yield Corporate Index (%) 7.26 7.26 5.93 27.96 25.69 190.58

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 04/30/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 7.72 8.27 9.21
Standard Deviation (MSCI World Index) 10.02 10.97 13.20
Beta 0.66 0.68 0.65
Sharpe Ratio 0.81 0.38 0.90
Information Ratio -0.86 -0.78 -0.60
Tracking Error 5.27 5.10 5.84

ADDITIONAL RISK STATISTICSAs of 04/30/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.69 0.66 0.58
Beta Bear 0.98 0.84 0.80
Bull Bear Capture Ratio 0.98 0.81 0.95
% of Positive Months 72.22 66.67 70.83
Gains/Losses 2.12 1.47 2.02
Maximum Drawdown
12.12 12.56 14.82

SALES CHARGE, EXPENSES & FEES As of 05/01/2019 (updated annually)

Gross Expense Ratio 0.78%
Net Expense Ratio [further-information] 0.78%
Max Initial Sales Charge 0.00%
CDSC

Benchmarks

A benchmark is a comparable broad-based index that can be used to evaluate a fund's performance.

  • MSCI World Index
  • Bloomberg Barclays US High Yield Corporate Index

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