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 05/16/1995
Fund without Sales Charge (%) (NAV) -4.44 0.96 1.70 4.35 5.51
Fund with Sales Charge (%) (POP) -5.34 0.96 1.70 4.35 5.51
ICE BofAML US High Yield Constrained Index (%) -5.27 1.42 3.19 5.65
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/16/1995
Fund without Sales Charge (%) (NAV) -6.85 -0.26 1.17 4.14 5.35
Fund with Sales Charge (%) (POP) -7.74 -0.26 1.17 4.14 5.35
Credit Suisse High Yield Index (%) -8.43 0.07 2.40 5.30 6.61

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 -6.36 -1.11 -0.52 1.95
Fund without Sales Charge (%) (NAV) After Shares Sold -2.57 -0.11 0.32 2.34
Fund with Sales Charge (%) (POP) Before Shares Sold -7.27 -1.11 -0.52 1.95
Fund with Sales Charge (%) (POP) After Shares Sold -3.11 -0.11 0.32 2.34
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -8.71 -2.30 -1.04 1.75
Fund without Sales Charge (%) (NAV) After Shares Sold -3.95 -1.00 -0.05 2.20
Fund with Sales Charge (%) (POP) Before Shares Sold -9.60 -2.30 -1.04 1.75
Fund with Sales Charge (%) (POP) After Shares Sold -4.47 -1.00 -0.05 2.20

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 14.12 -4.17 6.66 18.47 -11.07 -0.89 7.04 14.99 3.99 12.46
Fund with Sales Charge (%) (POP) 13.12 -5.08 5.66 17.47 -11.91 -1.83 6.04 13.99 3.02 11.46
ICE BofAML US High Yield Constrained Index (%) 14.41 -2.27 7.48 17.49 -4.61 2.51 7.41 15.55 4.37 15.04

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 05/16/1995
Fund without Sales Charge (%) (NAV) -8.35 -8.46 -4.44 2.92 8.81 53.01 281.10
Fund with Sales Charge (%) (POP) -9.25 -9.36 -5.34 2.92 8.81 53.01 281.10
ICE BofAML US High Yield Constrained Index (%) -9.83 -9.83 -5.27 4.34 17.03 73.22
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/16/1995
Fund without Sales Charge (%) (NAV) -12.11 -12.11 -6.85 -0.79 6.01 50.00 265.93
Fund with Sales Charge (%) (POP) -12.97 -12.97 -7.74 -0.79 6.01 50.00 265.93
Credit Suisse High Yield Index (%) -13.88 -13.88 -8.43 0.22 12.58 67.63 390.95

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 8.34 8.45 7.47
Standard Deviation (ICE BofAML US High Yield Constrained Index) 8.72 7.95 7.01
Beta 0.95 1.03 1.04
Sharpe Ratio 0.03 0.15 0.61
Information Ratio -0.51 -0.84 -0.84
Tracking Error 1.35 1.99 1.65

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

3 YR 5 YR 10 YR
Beta Bull 1.02 1.06 1.05
Beta Bear 0.86 0.87 0.88
Bull Bear Capture Ratio 0.93 0.83 0.84
Gains/Losses 1.30 1.30 1.73

SALES CHARGE, EXPENSES & FEES As of 10/01/2019 (updated annually)

Gross Expense Ratio 1.27%
Net Expense Ratio [further-information] 1.26%
Max Initial Sales Charge 0.00%
CDSC 1.00%

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

Beta 0.95
Sharpe Ratio 0.03
Standard Deviation 8.34

Benchmarks

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

  • ICE BofAML US High Yield Constrained Index