Average Annual Total Returns [further-information] As of 07/31/2020

Month EndAs of 07/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 07/01/1949
Fund without Sales Charge (%) (NAV) -12.94 -2.79 0.98 6.36 11.26
Fund with Sales Charge (%) (POP) -17.74 -4.60 -0.16 5.76 11.17
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 07/01/1949
Fund without Sales Charge (%) (NAV) -14.48 -3.21 0.71 6.69 11.23
Fund with Sales Charge (%) (POP) -19.19 -5.02 -0.42 6.08 11.14
S&P 500 Index (%) 7.51 10.73 10.72 13.99

After-Tax Average Annual Total Returns [further-information] As of 07/31/2020

Month EndAs of 07/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -14.55 -4.42 -0.75 5.23
Fund without Sales Charge (%) (NAV) After Shares Sold -6.15 -1.96 0.79 5.13
Fund with Sales Charge (%) (POP) Before Shares Sold -19.26 -6.20 -1.87 4.64
Fund with Sales Charge (%) (POP) After Shares Sold -9.07 -3.32 -0.08 4.62
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -16.06 -4.84 -1.02 5.55
Fund without Sales Charge (%) (NAV) After Shares Sold -7.03 -2.23 0.62 5.43
Fund with Sales Charge (%) (POP) Before Shares Sold -20.69 -6.61 -2.13 4.95
Fund with Sales Charge (%) (POP) After Shares Sold -9.90 -3.58 -0.25 4.92

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 22.86 -9.18 8.21 15.61 -4.10 7.30 27.74 14.75 -1.79 11.41
Fund with Sales Charge (%) (POP) 16.09 -14.17 1.97 8.98 -9.62 1.11 20.40 8.14 -7.44 5.02
S&P 500 Index (%) 31.49 -4.38 21.83 11.96 1.38 13.69 32.39 16.00 2.11 15.06

Cumulative Total Returns [further-information] As of 07/31/2020

Month EndAs of 07/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 07/01/1949
Fund without Sales Charge (%) (NAV) 4.79 -18.93 -12.94 -8.15 4.99 85.33 196,441.39
Fund with Sales Charge (%) (POP) -0.99 -23.40 -17.74 -13.19 -0.78 75.12 185,576.19
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 07/01/1949
Fund without Sales Charge (%) (NAV) 11.48 -20.91 -14.48 -9.33 3.59 91.05 191,639.02
Fund with Sales Charge (%) (POP) 5.32 -25.27 -19.19 -14.30 -2.10 80.52 181,039.31
S&P 500 Index (%) 20.54 -3.08 7.51 35.77 66.45 270.31

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 17.57 15.05 13.14
Standard Deviation (S&P 500 Index) 16.92 14.77 13.31
Beta 0.98 0.96 0.94
Sharpe Ratio -0.25 -0.01 0.44
Information Ratio -2.61 -2.05 -1.74
Tracking Error 5.67 5.14 4.29

ADDITIONAL RISK STATISTICSAs of 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.79 0.74 0.79
Beta Bear 1.19 1.16 1.15
Bull Bear Capture Ratio 0.53 0.60 0.69
Gains/Losses 0.95 1.13 1.53

SALES CHARGE, EXPENSES & FEES As of 05/01/2020 (updated annually)

Gross Expense Ratio 1.04%
Net Expense Ratio [further-information] 1.04%
Max Initial Sales Charge 5.50%
CDSC 1.00%

Volatility Measures [further-information] As of 07/31/2020 Updated Monthly, based on a 3-year period

Beta 0.98
Sharpe Ratio -0.25
Standard Deviation 17.57

Benchmarks

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

  • S&P 500 Index