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 09/26/1980
Fund without Sales Charge (%) (NAV) 5.78 3.63 4.46 7.09 12.27
Fund with Sales Charge (%) (POP) 5.78 3.63 4.46 7.09 12.27
MSCI World Index (%) 18.40 12.09 9.62 10.48
Bloomberg Barclays US Corporate High Yield Index (%) 9.40 5.87 6.00 7.44
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/26/1980
Fund without Sales Charge (%) (NAV) 12.40 3.88 4.28 6.98 12.30
Fund with Sales Charge (%) (POP) 12.40 3.88 4.28 6.98 12.30
MSCI World Index (%) 28.40 13.21 9.36 10.08
Bloomberg Barclays US Corporate High Yield Index (%) 14.32 6.37 6.13 7.57

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 4.57 1.41 2.14 4.46
Fund without Sales Charge (%) (NAV) After Shares Sold 3.71 2.16 2.69 4.87
Fund with Sales Charge (%) (POP) Before Shares Sold 4.57 1.41 2.14 4.46
Fund with Sales Charge (%) (POP) After Shares Sold 3.71 2.16 2.69 4.87
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 11.11 1.65 1.96 4.36
Fund without Sales Charge (%) (NAV) After Shares Sold 7.65 2.35 2.55 4.78
Fund with Sales Charge (%) (POP) Before Shares Sold 11.11 1.65 1.96 4.36
Fund with Sales Charge (%) (POP) After Shares Sold 7.65 2.35 2.55 4.78

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013
Fund without Sales Charge (%) (NAV) 12.40 -7.03 7.28 16.44 -5.54 3.53 26.00
Fund with Sales Charge (%) (POP) 12.40 -7.03 7.28 16.44 -5.54 3.53 26.00
MSCI World Index (%) 28.40 -8.20 23.07 8.15 -0.32 5.50 27.37
Bloomberg Barclays US Corporate High Yield Index (%) 14.32 -2.08 7.50 17.13 -4.47 2.45 7.44

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 09/26/1980
Fund without Sales Charge (%) (NAV) 3.99 -0.14 5.78 11.31 24.37 98.35 9,407.45
Fund with Sales Charge (%) (POP) 3.99 -0.14 5.78 11.31 24.37 98.35 9,407.45
MSCI World Index (%) 5.34 -0.58 18.40 40.79 58.31 170.94
Bloomberg Barclays US Corporate High Yield Index (%) 2.36 0.03 9.40 18.65 33.81 104.94
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) 3.89 12.40 12.40 12.11 23.32 96.43 9,421.01
Fund with Sales Charge (%) (POP) 3.89 12.40 12.40 12.11 23.32 96.43 9,421.01
MSCI World Index (%) 8.68 28.40 28.40 45.06 56.39 161.31
Bloomberg Barclays US Corporate High Yield Index (%) 2.61 14.32 14.32 20.34 34.66 107.47

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 01/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 8.49 8.53 9.25
Standard Deviation (MSCI World Index) 11.14 11.54 12.85
Beta 0.68 0.66 0.67
Sharpe Ratio 0.23 0.40 0.71
Information Ratio -1.59 -0.93 -0.61
Tracking Error 5.32 5.53 5.52

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

3 YR 5 YR 10 YR
Beta Bull 0.65 0.60 0.60
Beta Bear 0.88 0.85 0.80
Bull Bear Capture Ratio 0.62 0.77 0.90
% of Positive Months 61.11 66.67 69.17
Gains/Losses 1.42 1.51 1.79
Maximum Drawdown
12.07 12.49 14.79

SALES CHARGE, EXPENSES & FEES As of 05/01/2019 (updated annually)

Gross Expense Ratio 0.74%
Net Expense Ratio [further-information] 0.72%
Max Initial Sales Charge 0.00%
CDSC

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

Beta 0.68
Sharpe Ratio 0.23
Standard Deviation 8.49

Benchmarks

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

  • MSCI World Index
  • Bloomberg Barclays US Corporate High Yield Index