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 03/31/1948
Fund without Sales Charge (%) (NAV) 23.47 16.87 13.00 13.97 10.44
Fund with Sales Charge (%) (POP) 16.67 14.69 11.73 13.33 10.35
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 03/31/1948
Fund without Sales Charge (%) (NAV) 32.17 17.43 12.35 13.33 10.42
Fund with Sales Charge (%) (POP) 24.90 15.24 11.08 12.69 10.33
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 21.81 15.95 12.08 13.47
Fund without Sales Charge (%) (NAV) After Shares Sold 14.96 13.19 10.23 11.70
Fund with Sales Charge (%) (POP) Before Shares Sold 15.12 13.80 10.82 12.83
Fund with Sales Charge (%) (POP) After Shares Sold 10.88 11.43 9.18 11.12
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 30.41 16.52 11.43 12.83
Fund without Sales Charge (%) (NAV) After Shares Sold 20.23 13.67 9.70 11.13
Fund with Sales Charge (%) (POP) Before Shares Sold 23.23 14.34 10.18 12.19
Fund with Sales Charge (%) (POP) After Shares Sold 15.86 11.89 8.65 10.55

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 32.17 -3.39 26.82 8.41 1.94 14.88 29.39 13.69 0.63 14.87
Fund with Sales Charge (%) (POP) 24.90 -8.70 19.53 2.17 -3.93 8.27 21.94 7.17 -5.15 8.27
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 03/31/1948
Fund without Sales Charge (%) (NAV) 8.83 1.79 23.47 59.62 84.27 269.89 124,855.85
Fund with Sales Charge (%) (POP) 2.85 -3.81 16.67 50.84 74.13 249.59 117,816.14
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 03/31/1948
Fund without Sales Charge (%) (NAV) 8.08 32.17 32.17 61.94 78.97 249.60 122,657.50
Fund with Sales Charge (%) (POP) 2.14 24.90 24.90 53.03 69.12 230.38 115,741.64
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) 12.68 12.16 12.58
Standard Deviation (S&P 500 Index) 11.95 11.75 12.32
Beta 1.04 1.01 0.99
Sharpe Ratio 1.20 0.98 1.07
Information Ratio 0.84 0.22 0.00
Tracking Error 2.78 2.83 2.91

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

3 YR 5 YR 10 YR
Beta Bull 1.10 0.98 1.01
Beta Bear 1.23 1.15 1.08
Bull Bear Capture Ratio 1.13 1.04 1.01
% of Positive Months 77.78 71.67 68.33
Gains/Losses 2.67 2.24 2.29
Maximum Drawdown
15.12 15.12 15.98

SALES CHARGE, EXPENSES & FEES As of 02/01/2020 (updated annually)

Gross Expense Ratio 0.84%
Net Expense Ratio [further-information] 0.84%
Max Initial Sales Charge 5.50%
CDSC 1.00%

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

Beta 1.04
Sharpe Ratio 1.20
Standard Deviation 12.68

Benchmarks

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

  • S&P 500 Index