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 07/01/1949
Fund without Sales Charge (%) (NAV) -16.98 -3.70 -0.11 5.33 11.23
Fund with Sales Charge (%) (POP) -21.55 -5.50 -1.23 4.74 11.14
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 07/01/1949
Fund without Sales Charge (%) (NAV) -20.82 -6.19 -1.49 4.52 11.10
Fund with Sales Charge (%) (POP) -25.18 -7.94 -2.60 3.93 11.02
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 -18.52 -5.32 -1.82 4.21
Fund without Sales Charge (%) (NAV) After Shares Sold -8.50 -2.57 0.03 4.33
Fund with Sales Charge (%) (POP) Before Shares Sold -23.00 -7.08 -2.93 3.62
Fund with Sales Charge (%) (POP) After Shares Sold -11.29 -3.91 -0.83 3.84
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -22.28 -7.76 -3.18 3.40
Fund without Sales Charge (%) (NAV) After Shares Sold -10.63 -4.27 -0.89 3.75
Fund with Sales Charge (%) (POP) Before Shares Sold -26.56 -9.48 -4.27 2.82
Fund with Sales Charge (%) (POP) After Shares Sold -13.31 -5.57 -1.72 3.26

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 04/30/2020

Month EndAs of 04/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 07/01/1949
Fund without Sales Charge (%) (NAV) -20.56 -22.63 -16.98 -10.70 -0.53 68.11 187,459.18
Fund with Sales Charge (%) (POP) -24.95 -26.90 -21.55 -15.60 -6.01 58.84 177,090.54
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 07/01/1949
Fund without Sales Charge (%) (NAV) -29.05 -29.05 -20.82 -17.43 -7.23 55.55 171,895.95
Fund with Sales Charge (%) (POP) -32.96 -32.96 -25.18 -21.98 -12.35 46.96 162,387.67
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) 17.47 15.03 13.47
Standard Deviation (S&P 500 Index) 16.56 14.58 13.76
Beta 1.00 0.97 0.93
Sharpe Ratio -0.31 -0.08 0.35
Information Ratio -2.31 -1.87 -1.50
Tracking Error 5.52 4.94 4.24

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

3 YR 5 YR 10 YR
Beta Bull 0.81 0.77 0.80
Beta Bear 1.19 1.16 1.11
Bull Bear Capture Ratio 0.56 0.62 0.73
% of Positive Months 58.33 61.67 63.33
Gains/Losses 0.90 1.06 1.43
Maximum Drawdown
29.05 29.05 29.05

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

Beta 1.00
Sharpe Ratio -0.31
Standard Deviation 17.47

Benchmarks

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

  • S&P 500 Index