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 09/26/1980
Fund without Sales Charge (%) (NAV) 5.45 3.30 4.12 6.72 11.60
Fund with Sales Charge (%) (POP) -0.37 1.36 2.95 6.12 11.44
MSCI World Index (%) 18.40 12.09 9.62 10.48
Bloomberg Barclays US Corporate High Yield Index (%) 9.40 5.87 6.00 7.44
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/26/1980
Fund without Sales Charge (%) (NAV) 12.14 3.57 3.95 6.61 11.64
Fund with Sales Charge (%) (POP) 5.99 1.64 2.79 6.01 11.47
MSCI World Index (%) 28.40 13.21 9.36 10.08
Bloomberg Barclays US Corporate High Yield Index (%) 14.32 6.37 6.13 7.57

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 4.33 1.16 1.89 4.17
Fund without Sales Charge (%) (NAV) After Shares Sold 3.49 1.93 2.47 4.60
Fund with Sales Charge (%) (POP) Before Shares Sold -1.42 -0.74 0.75 3.58
Fund with Sales Charge (%) (POP) After Shares Sold 0.03 0.46 1.56 4.10
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 10.96 1.43 1.73 4.07
Fund without Sales Charge (%) (NAV) After Shares Sold 7.47 2.14 2.34 4.51
Fund with Sales Charge (%) (POP) Before Shares Sold 4.87 -0.46 0.59 3.48
Fund with Sales Charge (%) (POP) After Shares Sold 3.81 0.67 1.44 4.01

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 12.14 -7.36 6.95 16.04 -5.85 3.11 25.61 12.21 -2.10 9.86
Fund with Sales Charge (%) (POP) 5.99 -12.45 0.83 9.38 -11.27 -2.83 18.40 5.77 -7.72 3.57
MSCI World Index (%) 28.40 -8.20 23.07 8.15 -0.32 5.50 27.37 16.54 -5.02 12.34
Bloomberg Barclays US Corporate High Yield Index (%) 14.32 -2.08 7.50 17.13 -4.47 2.45 7.44 15.81 4.98 15.12

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 09/26/1980
Fund without Sales Charge (%) (NAV) 3.94 -0.22 5.45 10.22 22.36 91.57 7,416.61
Fund with Sales Charge (%) (POP) -1.79 -5.73 -0.37 4.14 15.65 81.08 7,000.50
MSCI World Index (%) 5.34 -0.58 18.40 40.79 58.31 170.94
Bloomberg Barclays US Corporate High Yield Index (%) 2.36 0.03 9.40 18.65 33.81 104.94
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) 3.84 12.14 12.14 11.11 21.40 89.74 7,432.94
Fund with Sales Charge (%) (POP) -1.86 5.99 5.99 5.01 14.74 79.27 7,015.93
MSCI World Index (%) 8.68 28.40 28.40 45.06 56.39 161.31
Bloomberg Barclays US Corporate High Yield Index (%) 2.61 14.32 14.32 20.34 34.66 107.47

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 01/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 8.53 8.57 9.26
Standard Deviation (MSCI World Index) 11.14 11.54 12.85
Beta 0.68 0.66 0.67
Sharpe Ratio 0.19 0.36 0.66
Information Ratio -1.65 -1.00 -0.68
Tracking Error 5.31 5.51 5.53

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

3 YR 5 YR 10 YR
Beta Bull 0.65 0.60 0.60
Beta Bear 0.87 0.86 0.80
Bull Bear Capture Ratio 0.59 0.74 0.88
% of Positive Months 61.11 66.67 65.00
Gains/Losses 1.38 1.47 1.74
Maximum Drawdown
12.18 12.69 14.94

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

Gross Expense Ratio 1.03%
Net Expense Ratio [further-information] 1.03%
Max Initial Sales Charge 5.50%
CDSC 1.00%

Volatility Measures [further-information] As of 01/31/2020 Updated Monthly, based on a 3-year period

Beta 0.68
Sharpe Ratio 0.19
Standard Deviation 8.53

Benchmarks

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

  • MSCI World Index
  • Bloomberg Barclays US Corporate High Yield Index