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 03/31/1948
Fund without Sales Charge (%) (NAV) 5.01 12.08 10.82 12.15 10.39
Fund with Sales Charge (%) (POP) 5.01 12.08 10.82 12.15 10.39
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 03/31/1948
Fund without Sales Charge (%) (NAV) -3.56 8.13 8.02 10.93 10.21
Fund with Sales Charge (%) (POP) -3.56 8.13 8.02 10.93 10.21
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 3.56 11.14 9.85 11.60
Fund without Sales Charge (%) (NAV) After Shares Sold 4.04 9.39 8.46 10.07
Fund with Sales Charge (%) (POP) Before Shares Sold 3.56 11.14 9.85 11.60
Fund with Sales Charge (%) (POP) After Shares Sold 4.04 9.39 8.46 10.07
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -4.91 7.23 7.08 10.38
Fund without Sales Charge (%) (NAV) After Shares Sold -0.89 6.35 6.25 9.03
Fund with Sales Charge (%) (POP) Before Shares Sold -4.91 7.23 7.08 10.38
Fund with Sales Charge (%) (POP) After Shares Sold -0.89 6.35 6.25 9.03

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 32.52 -3.15 27.13 8.68 2.20 15.15 29.73 13.98 0.87 15.18
Fund with Sales Charge (%) (POP) 32.52 -3.15 27.13 8.68 2.20 15.15 29.73 13.98 0.87 15.18
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 03/31/1948
Fund without Sales Charge (%) (NAV) -6.64 -4.95 5.01 40.78 67.15 214.79 124,383.84
Fund with Sales Charge (%) (POP) -6.64 -4.95 5.01 40.78 67.15 214.79 124,383.84
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 03/31/1948
Fund without Sales Charge (%) (NAV) -16.11 -16.11 -3.56 26.42 47.08 182.04 109,766.77
Fund with Sales Charge (%) (POP) -16.11 -16.11 -3.56 26.42 47.08 182.04 109,766.77
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) 16.76 14.69 13.82
Standard Deviation (S&P 500 Index) 16.56 14.58 13.76
Beta 1.00 0.99 0.98
Sharpe Ratio 0.62 0.66 0.84
Information Ratio 1.05 0.59 0.16
Tracking Error 2.90 2.85 2.94

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

3 YR 5 YR 10 YR
Beta Bull 1.08 1.00 1.01
Beta Bear 1.05 1.01 1.00
Bull Bear Capture Ratio 1.12 1.08 1.03
% of Positive Months 72.22 71.67 66.67
Gains/Losses 1.81 1.82 1.99
Maximum Drawdown
17.60 17.60 17.60

SALES CHARGE, EXPENSES & FEES As of 02/01/2020 (updated annually)

Gross Expense Ratio 0.59%
Net Expense Ratio [further-information] 0.59%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 04/30/2020 Updated Monthly, based on a 3-year period

Beta 1.00
Sharpe Ratio 0.62
Standard Deviation 16.76

Benchmarks

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

  • S&P 500 Index