Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 11/17/2004
Fund without Sales Charge (%) (NAV) 0.36 1.47 1.41 1.72 2.61
Fund with Sales Charge (%) (POP) -1.87 0.69 0.95 1.48 2.46
Bloomberg Barclays US Government & Credit (1-3 Year) Index (%) 4.20 2.87 2.11 1.63 2.55
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 11/17/2004
Fund without Sales Charge (%) (NAV) 0.36 1.47 1.41 1.72 2.61
Fund with Sales Charge (%) (POP) -1.87 0.69 0.95 1.48 2.46
Bloomberg Barclays US Government & Credit (1-3 Year) Index (%) 4.20 2.87 2.11 1.63 2.55

After-Tax Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -0.89 0.28 0.34 0.70
Fund without Sales Charge (%) (NAV) After Shares Sold 0.21 0.61 0.61 0.89
Fund with Sales Charge (%) (POP) Before Shares Sold -3.09 -0.49 -0.11 0.47
Fund with Sales Charge (%) (POP) After Shares Sold -1.11 0.02 0.26 0.71
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -0.89 0.28 0.34 0.70
Fund without Sales Charge (%) (NAV) After Shares Sold 0.21 0.61 0.61 0.89
Fund with Sales Charge (%) (POP) Before Shares Sold -3.09 -0.49 -0.11 0.47
Fund with Sales Charge (%) (POP) After Shares Sold -1.11 0.02 0.26 0.71

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 4.48 0.59 1.22 2.67 -0.59 1.01 1.22 4.08 0.60 4.79
Fund with Sales Charge (%) (POP) 2.12 -1.62 -1.09 0.40 -2.82 -1.23 -1.10 1.76 -1.69 2.47
Bloomberg Barclays US Government & Credit (1-3 Year) Index (%) 4.03 1.60 0.84 1.28 0.65 0.77 0.65 1.26 1.59 2.80

Cumulative Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 11/17/2004
Fund without Sales Charge (%) (NAV) 6.09 -0.76 0.36 4.47 7.25 18.57 49.60
Fund with Sales Charge (%) (POP) 3.65 -2.98 -1.87 2.08 4.84 15.85 46.24
Bloomberg Barclays US Government & Credit (1-3 Year) Index (%) 1.17 2.88 4.20 8.87 10.99 17.60 48.22
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 11/17/2004
Fund without Sales Charge (%) (NAV) 6.09 -0.76 0.36 4.47 7.25 18.57 49.60
Fund with Sales Charge (%) (POP) 3.65 -2.98 -1.87 2.08 4.84 15.85 46.24
Bloomberg Barclays US Government & Credit (1-3 Year) Index (%) 1.17 2.88 4.20 8.87 10.99 17.60 48.22

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 4.70 3.72 2.87
Standard Deviation (Bloomberg Barclays US Government & Credit (1-3 Year) Index) 1.02 0.96 0.81
Sharpe Ratio -0.04 0.08 0.40
Information Ratio -0.30 -0.19 0.03
Tracking Error 4.71 3.73 2.81

ADDITIONAL RISK STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.83 0.60 0.75
Beta Bear 0.63 0.67 0.79
Bull Bear Capture Ratio -23.50 2.69 1.14
% of Positive Months 69.44 66.67 73.33
Gains/Losses 1.60 1.74 2.09
Maximum Drawdown
7.17 7.17 7.17

SALES CHARGE, EXPENSES & FEES As of 03/01/2020 (updated annually)

Gross Expense Ratio 0.96%
Net Expense Ratio [further-information] 0.71%
Max Initial Sales Charge 2.25%
CDSC 1.00%

Volatility Measures [further-information] As of 06/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio -0.04
Standard Deviation 4.70

Benchmarks

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

  • Bloomberg Barclays US Government & Credit (1-3 Year) Index