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 08/15/2003
Fund without Sales Charge (%) (NAV) 14.77 9.97 7.93 9.71 7.05
Fund with Sales Charge (%) (POP) 13.77 9.97 7.93 9.71 7.05
S&P 500 Index (%) 21.68 14.55 12.37 13.97 9.66
MSCI World Index (%) 18.40 12.09 9.62 10.48 8.72
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/15/2003
Fund without Sales Charge (%) (NAV) 24.83 11.13 7.53 9.33 7.09
Fund with Sales Charge (%) (POP) 23.83 11.13 7.53 9.33 7.09
S&P 500 Index (%) 31.49 15.28 11.70 13.56 9.71
MSCI World Index (%) 28.40 13.21 9.36 10.08 8.80

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 12.77 8.67 6.66 8.97
Fund without Sales Charge (%) (NAV) After Shares Sold 10.12 7.69 6.09 7.92
Fund with Sales Charge (%) (POP) Before Shares Sold 11.77 8.67 6.66 8.97
Fund with Sales Charge (%) (POP) After Shares Sold 9.53 7.69 6.09 7.92
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 22.66 9.81 6.27 8.60
Fund without Sales Charge (%) (NAV) After Shares Sold 16.20 8.60 5.77 7.59
Fund with Sales Charge (%) (POP) Before Shares Sold 21.66 9.81 6.27 8.60
Fund with Sales Charge (%) (POP) After Shares Sold 15.61 8.60 5.77 7.59

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 24.83 -7.76 19.20 6.82 -1.92 5.69 30.09 14.04 -3.67 12.39
Fund with Sales Charge (%) (POP) 23.83 -8.64 18.20 5.82 -2.85 4.69 29.09 13.04 -4.63 11.39
S&P 500 Index (%) 31.49 -4.38 21.83 11.96 1.38 13.69 32.39 16.00 2.11 15.06
MSCI World Index (%) 28.40 -8.20 23.07 8.15 -0.32 5.50 27.37 16.54 -5.02 12.34

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 08/15/2003
Fund without Sales Charge (%) (NAV) 6.05 -0.10 14.77 33.00 46.44 152.59 206.85
Fund with Sales Charge (%) (POP) 5.05 -1.10 13.77 33.00 46.44 152.59 206.85
S&P 500 Index (%) 6.72 -0.04 21.68 50.26 79.17 269.82 356.06
MSCI World Index (%) 5.34 -0.58 18.40 40.79 58.31 170.94 295.81
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/15/2003
Fund without Sales Charge (%) (NAV) 7.74 24.83 24.83 37.25 43.79 144.11 207.16
Fund with Sales Charge (%) (POP) 6.74 23.83 23.83 37.25 43.79 144.11 207.16
S&P 500 Index (%) 9.07 31.49 31.49 53.17 73.86 256.66 356.24
MSCI World Index (%) 8.68 28.40 28.40 45.06 56.39 161.31 298.12

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 11.92 12.01 12.82
Standard Deviation (S&P 500 Index) 11.95 11.75 12.32
Alpha -3.80 -3.91 -3.93
Beta 0.98 1.00 1.02
Sharpe Ratio 0.70 0.57 0.71
Information Ratio -2.05 -1.63 -1.53
Tracking Error 2.23 2.73 2.78
R-Squared 0.97 0.95 0.95

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

3 YR 5 YR 10 YR
Correlation Coefficient 0.98 0.97 0.98
Beta Bull 1.00 0.94 1.02
Beta Bear 1.01 1.01 1.01
Bull Bear Capture Ratio 0.80 0.78 0.80
% of Positive Months 77.78 71.67 66.67
Gains/Losses 1.97 1.71 1.81
Maximum Drawdown
15.07 15.07 19.15

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

Gross Expense Ratio 1.79%
Net Expense Ratio [further-information] 1.79%
Max Initial Sales Charge 0.00%
CDSC 1.00%

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

Beta 0.98
Alpha -3.80
Sharpe Ratio 0.70
R-Squared 0.97
Standard Deviation 11.92

Benchmarks

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

  • S&P 500 Index
  • MSCI World Index