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) -4.26 1.11 1.85 4.48 6.47
Fund with Sales Charge (%) (POP) -4.26 1.11 1.85 4.48 6.47
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) -6.67 -0.11 1.32 4.27 6.40
Fund with Sales Charge (%) (POP) -6.67 -0.11 1.32 4.27 6.40
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 -6.24 -1.01 -0.43 2.04
Fund without Sales Charge (%) (NAV) After Shares Sold -2.47 -0.02 0.40 2.41
Fund with Sales Charge (%) (POP) Before Shares Sold -6.24 -1.01 -0.43 2.04
Fund with Sales Charge (%) (POP) After Shares Sold -2.47 -0.02 0.40 2.41
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -8.58 -2.20 -0.95 1.83
Fund without Sales Charge (%) (NAV) After Shares Sold -3.84 -0.91 0.03 2.28
Fund with Sales Charge (%) (POP) Before Shares Sold -8.58 -2.20 -0.95 1.83
Fund with Sales Charge (%) (POP) After Shares Sold -3.84 -0.91 0.03 2.28

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 14.21 -4.00 6.77 18.53 -10.88 -0.73 7.15 15.08 4.14 13.17
Fund with Sales Charge (%) (POP) 14.21 -4.00 6.77 18.53 -10.88 -0.73 7.15 15.08 4.14 13.17
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) -8.27 -8.37 -4.26 3.37 9.57 54.98 2,251.03
Fund with Sales Charge (%) (POP) -8.27 -8.37 -4.26 3.37 9.57 54.98 2,251.03
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) -12.01 -12.01 -6.67 -0.33 6.77 51.95 2,157.71
Fund with Sales Charge (%) (POP) -12.01 -12.01 -6.67 -0.33 6.77 51.95 2,157.71
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) 8.28 8.34 7.45
Standard Deviation (ICE BofAML US High Yield Constrained Index) 8.72 7.95 7.01
Beta 0.94 1.02 1.04
Sharpe Ratio 0.05 0.17 0.63
Information Ratio -0.44 -0.81 -0.78
Tracking Error 1.24 1.88 1.60

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

3 YR 5 YR 10 YR
Beta Bull 1.02 1.02 1.05
Beta Bear 0.86 0.86 0.87
Bull Bear Capture Ratio 0.94 0.84 0.85
Gains/Losses 1.32 1.32 1.75

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

Gross Expense Ratio 1.12%
Net Expense Ratio [further-information] 1.11%
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 0.94
Sharpe Ratio 0.05
Standard Deviation 8.28

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