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) 15.94 11.07 9.01 10.81 8.12
Fund with Sales Charge (%) (POP) 15.94 11.07 9.01 10.81 8.12
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) 26.10 12.25 8.61 10.43 8.16
Fund with Sales Charge (%) (POP) 26.10 12.25 8.61 10.43 8.16
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 13.69 9.51 7.50 9.85
Fund without Sales Charge (%) (NAV) After Shares Sold 10.98 8.52 6.91 8.83
Fund with Sales Charge (%) (POP) Before Shares Sold 13.69 9.51 7.50 9.85
Fund with Sales Charge (%) (POP) After Shares Sold 10.98 8.52 6.91 8.83
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 23.65 10.68 7.10 9.47
Fund without Sales Charge (%) (NAV) After Shares Sold 17.13 9.46 6.58 8.50
Fund with Sales Charge (%) (POP) Before Shares Sold 23.65 10.68 7.10 9.47
Fund with Sales Charge (%) (POP) After Shares Sold 17.13 9.46 6.58 8.50

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 26.10 -6.85 20.40 7.90 -0.96 6.79 31.38 15.11 -2.67 13.56
Fund with Sales Charge (%) (POP) 26.10 -6.85 20.40 7.90 -0.96 6.79 31.38 15.11 -2.67 13.56
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) 6.29 0.00 15.94 37.01 53.96 179.08 261.43
Fund with Sales Charge (%) (POP) 6.29 0.00 15.94 37.01 53.96 179.08 261.43
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) 8.00 26.10 26.10 41.43 51.14 169.76 261.43
Fund with Sales Charge (%) (POP) 8.00 26.10 26.10 41.43 51.14 169.76 261.43
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) 11.97 12.04 12.83
Standard Deviation (S&P 500 Index) 11.95 11.75 12.32
Alpha -2.87 -2.96 -2.97
Beta 0.98 1.00 1.02
Sharpe Ratio 0.79 0.66 0.80
Information Ratio -1.57 -1.23 -1.15
Tracking Error 2.21 2.73 2.76
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 1.02 1.02 1.01
Bull Bear Capture Ratio 0.85 0.83 0.85
% of Positive Months 77.78 71.67 66.67
Gains/Losses 2.09 1.82 1.91
Maximum Drawdown
14.89 14.89 18.79

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

Gross Expense Ratio 0.79%
Net Expense Ratio [further-information] 0.79%
Max Initial Sales Charge 0.00%
CDSC

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

Beta 0.98
Alpha -2.87
Sharpe Ratio 0.79
R-Squared 0.97
Standard Deviation 11.97

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