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 03/31/1948
Fund without Sales Charge (%) (NAV) 5.12 12.20 10.97 12.32 10.88
Fund with Sales Charge (%) (POP) 5.12 12.20 10.97 12.32 10.88
S&P 500 Index (%) 0.86 9.04 9.12 11.69
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/31/1948
Fund without Sales Charge (%) (NAV) -3.46 8.26 8.17 11.10 10.71
Fund with Sales Charge (%) (POP) -3.46 8.26 8.17 11.10 10.71
S&P 500 Index (%) -6.98 5.10 6.72 10.53

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 3.64 11.24 9.97 11.74
Fund without Sales Charge (%) (NAV) After Shares Sold 4.12 9.49 8.57 10.22
Fund with Sales Charge (%) (POP) Before Shares Sold 3.64 11.24 9.97 11.74
Fund with Sales Charge (%) (POP) After Shares Sold 4.12 9.49 8.57 10.22
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -4.83 7.33 7.19 10.52
Fund without Sales Charge (%) (NAV) After Shares Sold -0.81 6.45 6.37 9.18
Fund with Sales Charge (%) (POP) Before Shares Sold -4.83 7.33 7.19 10.52
Fund with Sales Charge (%) (POP) After Shares Sold -0.81 6.45 6.37 9.18

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 04/30/2020

Month EndAs of 04/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/31/1948
Fund without Sales Charge (%) (NAV) -6.62 -4.92 5.12 41.26 68.29 219.67 171,455.49
Fund with Sales Charge (%) (POP) -6.62 -4.92 5.12 41.26 68.29 219.67 171,455.49
S&P 500 Index (%) -9.26 -9.29 0.86 29.66 54.74 202.21
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/31/1948
Fund without Sales Charge (%) (NAV) -16.08 -16.08 -3.46 26.87 48.09 186.42 151,308.40
Fund with Sales Charge (%) (POP) -16.08 -16.08 -3.46 26.87 48.09 186.42 151,308.40
S&P 500 Index (%) -19.60 -19.60 -6.98 16.11 38.47 172.10

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 04/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 16.75 14.69 13.82
Standard Deviation (S&P 500 Index) 16.56 14.58 13.76
Beta 1.00 0.99 0.98
Sharpe Ratio 0.63 0.67 0.85
Information Ratio 1.09 0.65 0.21
Tracking Error 2.90 2.86 2.94

ADDITIONAL RISK STATISTICSAs of 04/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.08 1.00 1.01
Beta Bear 1.05 1.01 1.00
Bull Bear Capture Ratio 1.13 1.09 1.04
% of Positive Months 72.22 71.67 66.67
Gains/Losses 1.81 1.84 2.01
Maximum Drawdown
17.58 17.58 17.58

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 04/30/2020 Updated Monthly, based on a 3-year period

Beta 1.00
Sharpe Ratio 0.63
Standard Deviation 16.75

Benchmarks

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

  • S&P 500 Index