Average Annual Total Returns [further-information] As of 01/31/2020

Month EndAs of 01/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 07/01/1949
Fund without Sales Charge (%) (NAV) 11.46 5.20 6.17 8.92 12.51
Fund with Sales Charge (%) (POP) 11.46 5.20 6.17 8.92 12.51
S&P 500 Index (%) 21.68 14.55 12.37 13.97
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 07/01/1949
Fund without Sales Charge (%) (NAV) 23.13 6.75 6.28 9.01 12.57
Fund with Sales Charge (%) (POP) 23.13 6.75 6.28 9.01 12.57
S&P 500 Index (%) 31.49 15.28 11.70 13.56

After-Tax Average Annual Total Returns [further-information] As of 01/31/2020

Month EndAs of 01/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 9.35 3.40 4.30 7.71
Fund without Sales Charge (%) (NAV) After Shares Sold 8.22 3.87 4.58 7.15
Fund with Sales Charge (%) (POP) Before Shares Sold 9.35 3.40 4.30 7.71
Fund with Sales Charge (%) (POP) After Shares Sold 8.22 3.87 4.58 7.15
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 20.81 4.92 4.41 7.79
Fund without Sales Charge (%) (NAV) After Shares Sold 15.20 5.03 4.64 7.20
Fund with Sales Charge (%) (POP) Before Shares Sold 20.81 4.92 4.41 7.79
Fund with Sales Charge (%) (POP) After Shares Sold 15.20 5.03 4.64 7.20

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 23.13 -8.95 8.49 15.88 -3.81 7.60 28.10 15.14 -1.50 11.75
Fund with Sales Charge (%) (POP) 23.13 -8.95 8.49 15.88 -3.81 7.60 28.10 15.14 -1.50 11.75
S&P 500 Index (%) 31.49 -4.38 21.83 11.96 1.38 13.69 32.39 16.00 2.11 15.06

Cumulative Total Returns [further-information] As of 01/31/2020

Month EndAs of 01/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 07/01/1949
Fund without Sales Charge (%) (NAV) 3.67 -2.58 11.46 16.44 34.88 134.93 411,454.53
Fund with Sales Charge (%) (POP) 3.67 -2.58 11.46 16.44 34.88 134.93 411,454.53
S&P 500 Index (%) 6.72 -0.04 21.68 50.26 79.17 269.82
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 07/01/1949
Fund without Sales Charge (%) (NAV) 6.87 23.13 23.13 21.64 35.59 136.87 422,337.35
Fund with Sales Charge (%) (POP) 6.87 23.13 23.13 21.64 35.59 136.87 422,337.35
S&P 500 Index (%) 9.07 31.49 31.49 53.17 73.86 256.66

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 01/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 11.19 11.04 11.25
Standard Deviation (S&P 500 Index) 11.95 11.75 12.32
Beta 0.88 0.88 0.87
Sharpe Ratio 0.32 0.46 0.74
Information Ratio -2.26 -1.55 -1.39
Tracking Error 4.14 3.99 3.63

ADDITIONAL RISK STATISTICSAs of 01/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.91 0.82 0.83
Beta Bear 0.66 0.76 0.83
Bull Bear Capture Ratio 0.61 0.71 0.79
% of Positive Months 61.11 63.33 65.00
Gains/Losses 1.47 1.56 1.81
Maximum Drawdown
12.49 13.12 17.70

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

Gross Expense Ratio 0.77%
Net Expense Ratio [further-information] 0.77%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 01/31/2020 Updated Monthly, based on a 3-year period

Beta 0.88
Sharpe Ratio 0.32
Standard Deviation 11.19

Benchmarks

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

  • S&P 500 Index