Average Annual Total Returns [further-information] As of 02/28/2019

Month EndAs of 02/28/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/26/1980
Fund without Sales Charge (%) (NAV) 0.26 8.94 3.84 9.16 12.28
Fund with Sales Charge (%) (POP) 0.26 8.94 3.84 9.16 12.28
MSCI World Index (%) 1.00 13.29 7.13 13.69
Bloomberg Barclays US High Yield Corporate Index (%) 4.31 9.81 4.53 11.50
Quarter EndAs of 12/31/2018 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/26/1980
Fund without Sales Charge (%) (NAV) -7.14 5.01 2.50 7.66 12.10
Fund with Sales Charge (%) (POP) -7.14 5.01 2.50 7.66 12.10
MSCI World Index (%) -8.20 6.91 5.14 10.29
Bloomberg Barclays US High Yield Corporate Index (%) -2.08 7.23 3.83 11.13

After-Tax Average Annual Total Returns [further-information] As of 02/28/2019

Month EndAs of 02/28/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -3.25 6.04 0.91 6.58
Fund without Sales Charge (%) (NAV) After Shares Sold 1.35 6.05 2.06 6.70
Fund with Sales Charge (%) (POP) Before Shares Sold -3.25 6.04 0.91 6.58
Fund with Sales Charge (%) (POP) After Shares Sold 1.35 6.05 2.06 6.70
Quarter EndAs of 12/31/2018 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -10.40 2.21 -0.39 5.12
Fund without Sales Charge (%) (NAV) After Shares Sold -2.87 3.12 1.14 5.53
Fund with Sales Charge (%) (POP) Before Shares Sold -10.40 2.21 -0.39 5.12
Fund with Sales Charge (%) (POP) After Shares Sold -2.87 3.12 1.14 5.53

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 02/28/2019

Month EndAs of 02/28/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) 0.51 8.11 0.26 29.29 20.71 140.18 8,455.40
Fund with Sales Charge (%) (POP) 0.51 8.11 0.26 29.29 20.71 140.18 8,455.40
MSCI World Index (%) 2.70 11.11 1.00 45.35 41.09 260.72
Bloomberg Barclays US High Yield Corporate Index (%) 3.98 6.26 4.31 32.40 24.81 197.06
Quarter EndAs of 12/31/2018 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) -11.60 -7.14 -7.14 15.79 13.13 109.22 7,813.74
Fund with Sales Charge (%) (POP) -11.60 -7.14 -7.14 15.79 13.13 109.22 7,813.74
MSCI World Index (%) -13.31 -8.20 -8.20 22.19 28.50 166.17
Bloomberg Barclays US High Yield Corporate Index (%) -4.53 -2.08 -2.08 23.30 20.68 187.12

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 02/28/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 8.12 8.25 9.29
Standard Deviation (MSCI World Index) 10.47 10.89 13.72
Beta 0.68 0.68 0.62
Sharpe Ratio 0.96 0.38 0.94
Information Ratio -0.82 -0.65 -0.71
Tracking Error 5.29 5.09 6.37

ADDITIONAL RISK STATISTICSAs of 02/28/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.72 0.64 0.53
Beta Bear 0.98 0.84 0.80
Bull Bear Capture Ratio 1.03 0.84 0.92
% of Positive Months 72.22 66.67 70.83
Gains/Losses 2.33 1.46 2.07
Maximum Drawdown
12.12 12.56 14.82

SALES CHARGE, EXPENSES & FEES As of 05/01/2018 (updated annually)

Gross Expense Ratio 0.79%
Net Expense Ratio [further-information] 0.79%
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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