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 08/31/1948
Fund without Sales Charge (%) (NAV) -8.88 0.46 1.77 5.35 9.87
Fund with Sales Charge (%) (POP) -8.88 0.46 1.77 5.35 9.87
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/31/1948
Fund without Sales Charge (%) (NAV) -11.91 -1.24 1.24 5.07 9.80
Fund with Sales Charge (%) (POP) -11.91 -1.24 1.24 5.07 9.80
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) -5.85 2.73 4.67 7.76
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 -10.74 -1.52 -0.24 3.27
Fund without Sales Charge (%) (NAV) After Shares Sold -5.00 -0.30 0.65 3.47
Fund with Sales Charge (%) (POP) Before Shares Sold -10.74 -1.52 -0.24 3.27
Fund with Sales Charge (%) (POP) After Shares Sold -5.00 -0.30 0.65 3.47
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -13.66 -3.17 -0.75 3.00
Fund without Sales Charge (%) (NAV) After Shares Sold -6.71 -1.50 0.31 3.29
Fund with Sales Charge (%) (POP) Before Shares Sold -13.66 -3.17 -0.75 3.00
Fund with Sales Charge (%) (POP) After Shares Sold -6.71 -1.50 0.31 3.29

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 16.02 -5.22 8.62 16.61 -7.75 3.86 14.50 14.48 2.51 13.15
Fund with Sales Charge (%) (POP) 16.02 -5.22 8.62 16.61 -7.75 3.86 14.50 14.48 2.51 13.15
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) 17.28 -1.61 12.18 12.88 -0.68 9.42 14.90 10.21 10.74 13.53
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 08/31/1948
Fund without Sales Charge (%) (NAV) -11.33 -12.09 -8.88 1.39 9.16 68.37 84,709.83
Fund with Sales Charge (%) (POP) -11.33 -12.09 -8.88 1.39 9.16 68.37 84,709.83
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/31/1948
Fund without Sales Charge (%) (NAV) -16.48 -16.48 -11.91 -3.66 6.36 63.98 80,472.89
Fund with Sales Charge (%) (POP) -16.48 -16.48 -11.91 -3.66 6.36 63.98 80,472.89
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) -13.24 -13.24 -5.85 8.40 25.67 111.22
S&P 500 Index (%) -19.60 -19.60 -6.98 16.11 38.47 172.10

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 10.81 10.17 9.32
Standard Deviation (Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index) 9.30 8.27 7.34
Beta 1.11 1.15 1.18
Sharpe Ratio -0.06 0.13 0.60
Information Ratio -1.28 -1.03 -0.78
Tracking Error 3.35 3.74 3.68

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

Gross Expense Ratio 0.47%
Net Expense Ratio [further-information] 0.47%
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 1.11
Sharpe Ratio -0.06
Standard Deviation 10.81

Benchmarks

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

  • Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index
  • S&P 500 Index