Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/15/1988
Fund without Sales Charge (%) (NAV) 25.48 11.52 8.96 11.04 8.89
Fund with Sales Charge (%) (POP) 18.56 9.45 7.74 10.41 8.70
S&P 500 Index (%) 31.49 15.28 11.70 13.56 10.57
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/15/1988
Fund without Sales Charge (%) (NAV) 25.48 11.52 8.96 11.04 8.89
Fund with Sales Charge (%) (POP) 18.56 9.45 7.74 10.41 8.70
S&P 500 Index (%) 31.49 15.28 11.70 13.56 10.57

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 24.00 10.09 7.53 9.89
Fund without Sales Charge (%) (NAV) After Shares Sold 16.08 8.83 6.84 8.92
Fund with Sales Charge (%) (POP) Before Shares Sold 17.16 8.04 6.33 9.26
Fund with Sales Charge (%) (POP) After Shares Sold 11.92 7.19 5.85 8.36
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 24.00 10.09 7.53 9.89
Fund without Sales Charge (%) (NAV) After Shares Sold 16.08 8.83 6.84 8.92
Fund with Sales Charge (%) (POP) Before Shares Sold 17.16 8.04 6.33 9.26
Fund with Sales Charge (%) (POP) After Shares Sold 11.92 7.19 5.85 8.36

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 25.48 -4.67 15.96 11.75 -0.90 9.12 29.28 11.85 1.47 15.86
Fund with Sales Charge (%) (POP) 18.56 -9.91 9.28 5.34 -6.61 2.85 21.84 5.40 -4.37 9.18
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 12/31/2019

Month EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/15/1988
Fund without Sales Charge (%) (NAV) 6.86 25.48 25.48 38.71 53.61 184.92 1,401.54
Fund with Sales Charge (%) (POP) 0.97 18.56 18.56 31.10 45.18 169.18 1,319.21
S&P 500 Index (%) 9.07 31.49 31.49 53.17 73.86 256.66 2,343.73
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/15/1988
Fund without Sales Charge (%) (NAV) 6.86 25.48 25.48 38.71 53.61 184.92 1,401.54
Fund with Sales Charge (%) (POP) 0.97 18.56 18.56 31.10 45.18 169.18 1,319.21
S&P 500 Index (%) 9.07 31.49 31.49 53.17 73.86 256.66 2,343.73

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 10.19 10.38 11.35
Standard Deviation (S&P 500 Index) 11.93 11.88 12.40
Beta 0.83 0.85 0.90
Sharpe Ratio 0.97 0.76 0.92
Information Ratio -1.20 -0.99 -1.00
Tracking Error 3.12 2.75 2.53

SALES CHARGE, EXPENSES & FEES As of 03/01/2019 (updated annually)

Gross Expense Ratio 0.85%
Net Expense Ratio [further-information] 0.84%
Max Initial Sales Charge 5.50%
CDSC 1.00%

Volatility Measures [further-information] As of 12/31/2019 Updated Monthly, based on a 3-year period

Beta 0.83
Sharpe Ratio 0.97
Standard Deviation 10.19

Benchmarks

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

  • S&P 500 Index