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 03/31/1948
Fund without Sales Charge (%) (NAV) 23.91 17.30 13.45 14.44 11.03
Fund with Sales Charge (%) (POP) 23.91 17.30 13.45 14.44 11.03
S&P 500 Index (%) 21.68 14.55 12.37 13.97
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/31/1948
Fund without Sales Charge (%) (NAV) 32.66 17.87 12.78 13.79 11.02
Fund with Sales Charge (%) (POP) 32.66 17.87 12.78 13.79 11.02
S&P 500 Index (%) 31.49 15.28 11.70 13.56

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 22.16 16.29 12.42 13.84
Fund without Sales Charge (%) (NAV) After Shares Sold 15.29 13.53 10.57 12.08
Fund with Sales Charge (%) (POP) Before Shares Sold 22.16 16.29 12.42 13.84
Fund with Sales Charge (%) (POP) After Shares Sold 15.29 13.53 10.57 12.08
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 30.78 16.86 11.76 13.20
Fund without Sales Charge (%) (NAV) After Shares Sold 20.59 14.01 10.03 11.51
Fund with Sales Charge (%) (POP) Before Shares Sold 30.78 16.86 11.76 13.20
Fund with Sales Charge (%) (POP) After Shares Sold 20.59 14.01 10.03 11.51

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011
Fund without Sales Charge (%) (NAV) 32.66 -3.06 27.36 8.86 2.36 15.36 29.97
Fund with Sales Charge (%) (POP) 32.66 -3.06 27.36 8.86 2.36 15.36 29.97
S&P 500 Index (%) 31.49 -4.38 21.83 11.96 1.38 13.69 32.39 16.00 2.11

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 03/31/1948
Fund without Sales Charge (%) (NAV) 8.94 1.83 23.91 61.41 87.90 285.24 183,617.65
Fund with Sales Charge (%) (POP) 8.94 1.83 23.91 61.41 87.90 285.24 183,617.65
S&P 500 Index (%) 6.72 -0.04 21.68 50.26 79.17 269.82
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/31/1948
Fund without Sales Charge (%) (NAV) 8.17 32.66 32.66 63.77 82.48 264.10 180,324.06
Fund with Sales Charge (%) (POP) 8.17 32.66 32.66 63.77 82.48 264.10 180,324.06
S&P 500 Index (%) 9.07 31.49 31.49 53.17 73.86 256.66

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 12.70 12.17 12.58
Standard Deviation (S&P 500 Index) 11.95 11.75 12.32
Beta 1.04 1.01 0.99
Sharpe Ratio 1.23 1.02 1.10
Information Ratio 0.99 0.38 0.16
Tracking Error 2.79 2.84 2.90

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

3 YR 5 YR 10 YR
Beta Bull 1.10 0.98 1.01
Beta Bear 1.24 1.15 1.08
Bull Bear Capture Ratio 1.15 1.07 1.04
% of Positive Months 77.78 71.67 68.33
Gains/Losses 2.72 2.29 2.34
Maximum Drawdown
15.07 15.07 15.83

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

Gross Expense Ratio 0.49%
Net Expense Ratio [further-information] 0.49%
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 1.04
Sharpe Ratio 1.23
Standard Deviation 12.70

Benchmarks

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

  • S&P 500 Index