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 07/01/1949
Fund without Sales Charge (%) (NAV) 11.57 5.30 6.28 9.03 12.94
Fund with Sales Charge (%) (POP) 11.57 5.30 6.28 9.03 12.94
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 07/01/1949
Fund without Sales Charge (%) (NAV) 23.26 6.85 6.39 9.13 13.00
Fund with Sales Charge (%) (POP) 23.26 6.85 6.39 9.13 13.00
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 9.45 3.47 4.39 7.80
Fund without Sales Charge (%) (NAV) After Shares Sold 8.30 3.94 4.66 7.24
Fund with Sales Charge (%) (POP) Before Shares Sold 9.45 3.47 4.39 7.80
Fund with Sales Charge (%) (POP) After Shares Sold 8.30 3.94 4.66 7.24
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 20.92 4.99 4.50 7.89
Fund without Sales Charge (%) (NAV) After Shares Sold 15.29 5.11 4.72 7.30
Fund with Sales Charge (%) (POP) Before Shares Sold 20.92 4.99 4.50 7.89
Fund with Sales Charge (%) (POP) After Shares Sold 15.29 5.11 4.72 7.30

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013
Fund without Sales Charge (%) (NAV) 23.26 -8.88 8.61 16.05 -3.71 7.72 28.26
Fund with Sales Charge (%) (POP) 23.26 -8.88 8.61 16.05 -3.71 7.72 28.26
S&P 500 Index (%) 31.49 -4.38 21.83 11.96 1.38 13.69 32.39

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 07/01/1949
Fund without Sales Charge (%) (NAV) 3.73 -2.58 11.57 16.77 35.60 137.44 537,905.98
Fund with Sales Charge (%) (POP) 3.73 -2.58 11.57 16.77 35.60 137.44 537,905.98
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 07/01/1949
Fund without Sales Charge (%) (NAV) 6.93 23.26 23.26 21.98 36.31 139.51 552,137.88
Fund with Sales Charge (%) (POP) 6.93 23.26 23.26 21.98 36.31 139.51 552,137.88
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) 11.20 11.05 11.25
Standard Deviation (S&P 500 Index) 11.95 11.75 12.32
Beta 0.88 0.88 0.87
Sharpe Ratio 0.33 0.47 0.75
Information Ratio -2.24 -1.53 -1.36
Tracking Error 4.13 3.99 3.63

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

3 YR 5 YR 10 YR
Beta Bull 0.91 0.82 0.83
Beta Bear 0.66 0.76 0.83
Bull Bear Capture Ratio 0.61 0.71 0.79
% of Positive Months 61.11 63.33 65.00
Gains/Losses 1.48 1.57 1.82
Maximum Drawdown
12.43 13.00 17.65

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

Gross Expense Ratio 0.70%
Net Expense Ratio [further-information] 0.70%
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 0.88
Sharpe Ratio 0.33
Standard Deviation 11.20

Benchmarks

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

  • S&P 500 Index