Average Annual Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/31/1948
Fund without Sales Charge (%) (NAV) -9.04 0.13 1.49 5.14 9.77
Fund with Sales Charge (%) (POP) -12.45 -1.14 0.72 4.74 9.71
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/31/1948
Fund without Sales Charge (%) (NAV) -11.60 -1.39 1.07 4.92 9.71
Fund with Sales Charge (%) (POP) -14.91 -2.63 0.30 4.52 9.65
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) -5.85 2.73 4.67 7.76
S&P 500 Index (%) -6.98 5.10 6.72 10.53

After-Tax Average Annual Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -10.82 -1.82 -0.47 3.12
Fund without Sales Charge (%) (NAV) After Shares Sold -5.11 -0.57 0.45 3.32
Fund with Sales Charge (%) (POP) Before Shares Sold -14.16 -3.07 -1.23 2.73
Fund with Sales Charge (%) (POP) After Shares Sold -7.14 -1.52 -0.14 2.99
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -13.27 -3.29 -0.87 2.91
Fund without Sales Charge (%) (NAV) After Shares Sold -6.54 -1.64 0.18 3.18
Fund with Sales Charge (%) (POP) Before Shares Sold -16.52 -4.51 -1.62 2.52
Fund with Sales Charge (%) (POP) After Shares Sold -8.51 -2.57 -0.40 2.86

Calendar Year Returns

2019 2018
Fund without Sales Charge (%) (NAV) 15.69 -5.77
Fund with Sales Charge (%) (POP) 11.35 -9.30
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) 17.28 -1.61
S&P 500 Index (%) 31.49 -4.38

Cumulative Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/31/1948
Fund without Sales Charge (%) (NAV) -11.72 -12.11 -9.04 0.38 7.70 65.07 79,464.76
Fund with Sales Charge (%) (POP) -15.03 -15.40 -12.45 -3.39 3.66 58.88 76,481.12
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/31/1948
Fund without Sales Charge (%) (NAV) -16.02 -16.02 -11.60 -4.10 5.49 61.63 75,917.42
Fund with Sales Charge (%) (POP) -19.17 -19.17 -14.91 -7.69 1.53 55.57 73,066.81
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) -13.24 -13.24 -5.85 8.40 25.67 111.22
S&P 500 Index (%) -19.60 -19.60 -6.98 16.11 38.47 172.10

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 05/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 10.65 10.12 9.37
Standard Deviation (Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index) 9.30 8.27 7.34
Alpha -4.63 -4.51 -4.20
Beta 1.10 1.15 1.19
Sharpe Ratio -0.09 0.10 0.58
Information Ratio -1.47 -1.11 -0.83
Tracking Error 3.15 3.73 3.68
R-Squared 0.92 0.88 0.87

ADDITIONAL RISK STATISTICSAs of 05/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.98 1.05 1.12
Beta Bear 1.35 1.17 1.18
Bull Bear Capture Ratio 0.69 0.69 0.71
Gains/Losses 1.11 1.24 1.67

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

Gross Expense Ratio 0.72%
Net Expense Ratio [further-information] 0.72%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 05/31/2020 Updated Monthly, based on a 3-year period

Beta 1.10
Sharpe Ratio -0.09
Standard Deviation 10.65

Benchmarks

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

  • Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index
  • S&P 500 Index