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 12/31/1969
Fund without Sales Charge (%) (NAV) 4.07 3.85 5.07 5.80 7.56
Fund with Sales Charge (%) (POP) 4.07 3.85 5.07 5.80 7.56
ICE BofA US High Yield Constrained Index (%) 2.99 4.12 5.67 6.59
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/31/1969
Fund without Sales Charge (%) (NAV) -0.56 2.82 3.60 5.67 7.48
Fund with Sales Charge (%) (POP) -0.56 2.82 3.60 5.67 7.48
ICE BofA US High Yield Constrained Index (%) -1.17 2.92 4.57 6.46

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 1.71 1.43 2.49 3.09
Fund without Sales Charge (%) (NAV) After Shares Sold 2.36 1.87 2.69 3.28
Fund with Sales Charge (%) (POP) Before Shares Sold 1.71 1.43 2.49 3.09
Fund with Sales Charge (%) (POP) After Shares Sold 2.36 1.87 2.69 3.28
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -2.79 0.43 1.05 2.96
Fund without Sales Charge (%) (NAV) After Shares Sold -0.33 1.13 1.59 3.20
Fund with Sales Charge (%) (POP) Before Shares Sold -2.79 0.43 1.05 2.96
Fund with Sales Charge (%) (POP) After Shares Sold -0.33 1.13 1.59 3.20

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 14.45 -3.57 6.85 19.41 -10.06 -0.25 7.79 15.26 4.71 13.86
Fund with Sales Charge (%) (POP) 14.45 -3.57 6.85 19.41 -10.06 -0.25 7.79 15.26 4.71 13.86
ICE BofA US High Yield Constrained Index (%) 14.41 -2.27 7.48 17.49 -4.61 2.51 7.41 15.55 4.37 15.04

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 12/31/1969
Fund without Sales Charge (%) (NAV) 9.85 0.63 4.07 12.00 28.08 75.77 3,893.05
Fund with Sales Charge (%) (POP) 9.85 0.63 4.07 12.00 28.08 75.77 3,893.05
ICE BofA US High Yield Constrained Index (%) 10.54 -0.33 2.99 12.89 31.79 89.37
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/31/1969
Fund without Sales Charge (%) (NAV) 8.84 -3.80 -0.56 8.69 19.33 73.52 3,717.53
Fund with Sales Charge (%) (POP) 8.84 -3.80 -0.56 8.69 19.33 73.52 3,717.53
ICE BofA US High Yield Constrained Index (%) 9.54 -4.84 -1.17 9.02 25.05 87.02

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 8.45 8.36 7.43
Standard Deviation (ICE BofA US High Yield Constrained Index) 9.09 8.13 7.07
Beta 0.92 1.00 1.02
Sharpe Ratio 0.26 0.47 0.70
Information Ratio -0.19 -0.32 -0.46
Tracking Error 1.46 1.88 1.71

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

3 YR 5 YR 10 YR
Beta Bull 0.98 1.02 1.02
Beta Bear 0.83 0.84 0.85
Bull Bear Capture Ratio 0.97 0.91 0.88
Gains/Losses 1.57 1.68 1.85

SALES CHARGE, EXPENSES & FEES As of 10/01/2019 (updated annually)

Gross Expense Ratio 0.62%
Net Expense Ratio [further-information] 0.61%
Max Initial Sales Charge 0.00%
CDSC

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

Beta 0.92
Sharpe Ratio 0.26
Standard Deviation 8.45

Benchmarks

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

  • ICE BofA US High Yield Constrained Index