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 10/02/1995
Fund without Sales Charge (%) (NAV) 24.51 10.68 8.15 10.21 6.93
Fund with Sales Charge (%) (POP) 23.51 10.68 8.15 10.21 6.93
S&P 500 Index (%) 31.49 15.28 11.70 13.56 9.39
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 10/02/1995
Fund without Sales Charge (%) (NAV) 24.51 10.68 8.15 10.21 6.93
Fund with Sales Charge (%) (POP) 23.51 10.68 8.15 10.21 6.93
S&P 500 Index (%) 31.49 15.28 11.70 13.56 9.39

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 23.23 9.45 6.91 9.23
Fund without Sales Charge (%) (NAV) After Shares Sold 15.36 8.19 6.23 8.24
Fund with Sales Charge (%) (POP) Before Shares Sold 22.23 9.45 6.91 9.23
Fund with Sales Charge (%) (POP) After Shares Sold 14.77 8.19 6.23 8.24
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 23.23 9.45 6.91 9.23
Fund without Sales Charge (%) (NAV) After Shares Sold 15.36 8.19 6.23 8.24
Fund with Sales Charge (%) (POP) Before Shares Sold 22.23 9.45 6.91 9.23
Fund with Sales Charge (%) (POP) After Shares Sold 14.77 8.19 6.23 8.24

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 24.51 -5.36 15.07 10.92 -1.61 8.26 28.40 10.97 0.70 14.99
Fund with Sales Charge (%) (POP) 23.51 -6.25 14.07 9.92 -2.55 7.26 27.40 9.97 -0.29 13.99
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 10/02/1995
Fund without Sales Charge (%) (NAV) 6.65 24.51 24.51 35.59 47.98 164.32 407.74
Fund with Sales Charge (%) (POP) 5.65 23.51 23.51 35.59 47.98 164.32 407.74
S&P 500 Index (%) 9.07 31.49 31.49 53.17 73.86 256.66 781.27
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 10/02/1995
Fund without Sales Charge (%) (NAV) 6.65 24.51 24.51 35.59 47.98 164.32 407.74
Fund with Sales Charge (%) (POP) 5.65 23.51 23.51 35.59 47.98 164.32 407.74
S&P 500 Index (%) 9.07 31.49 31.49 53.17 73.86 256.66 781.27

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 10.20 10.36 11.34
Standard Deviation (S&P 500 Index) 11.93 11.88 12.40
Beta 0.83 0.85 0.90
Sharpe Ratio 0.89 0.69 0.85
Information Ratio -1.48 -1.29 -1.32
Tracking Error 3.11 2.76 2.53

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

Gross Expense Ratio 1.60%
Net Expense Ratio [further-information] 1.59%
Max Initial Sales Charge 0.00%
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 0.89
Standard Deviation 10.20

Benchmarks

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

  • S&P 500 Index