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 12/31/1969
Fund without Sales Charge (%) (NAV) -4.40 1.45 2.18 4.95 7.40
Fund with Sales Charge (%) (POP) -4.40 1.45 2.18 4.95 7.40
ICE BofAML US High Yield Constrained Index (%) -5.27 1.42 3.19 5.65
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/31/1969
Fund without Sales Charge (%) (NAV) -6.29 0.40 1.86 4.80 7.34
Fund with Sales Charge (%) (POP) -6.29 0.40 1.86 4.80 7.34
Credit Suisse High Yield Index (%) -8.43 0.07 2.40 5.30

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 -6.61 -0.93 -0.36 2.25
Fund without Sales Charge (%) (NAV) After Shares Sold -2.54 0.13 0.54 2.67
Fund with Sales Charge (%) (POP) Before Shares Sold -6.61 -0.93 -0.36 2.25
Fund with Sales Charge (%) (POP) After Shares Sold -2.54 0.13 0.54 2.67
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -8.44 -1.95 -0.67 2.11
Fund without Sales Charge (%) (NAV) After Shares Sold -3.60 -0.62 0.33 2.58
Fund with Sales Charge (%) (POP) Before Shares Sold -8.44 -1.95 -0.67 2.11
Fund with Sales Charge (%) (POP) After Shares Sold -3.60 -0.62 0.33 2.58

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 BofAML 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 04/30/2020

Month EndAs of 04/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/31/1969
Fund without Sales Charge (%) (NAV) -8.34 -8.40 -4.40 4.42 11.38 62.16 3,534.98
Fund with Sales Charge (%) (POP) -8.34 -8.40 -4.40 4.42 11.38 62.16 3,534.98
ICE BofAML US High Yield Constrained Index (%) -9.83 -9.83 -5.27 4.34 17.03 73.22
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/31/1969
Fund without Sales Charge (%) (NAV) -11.61 -11.61 -6.29 1.21 9.65 59.85 3,407.46
Fund with Sales Charge (%) (POP) -11.61 -11.61 -6.29 1.21 9.65 59.85 3,407.46
Credit Suisse High Yield Index (%) -13.88 -13.88 -8.43 0.22 12.58 67.63

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 05/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 8.09 8.31 7.37
Standard Deviation (ICE BofAML US High Yield Constrained Index) 8.72 7.95 7.01
Beta 0.92 1.01 1.02
Sharpe Ratio 0.10 0.22 0.70
Information Ratio -0.12 -0.52 -0.44
Tracking Error 1.47 2.07 1.72

ADDITIONAL RISK STATISTICSAs of 05/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.99 1.03 1.02
Beta Bear 0.83 0.83 0.85
Bull Bear Capture Ratio 0.98 0.88 0.89
Gains/Losses 1.38 1.38 1.84

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 05/31/2020 Updated Monthly, based on a 3-year period

Beta 0.92
Sharpe Ratio 0.10
Standard Deviation 8.09

Benchmarks

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

  • ICE BofAML US High Yield Constrained Index