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) -9.45 -0.04 1.19 4.82 8.45
Fund with Sales Charge (%) (POP) -9.45 -0.04 1.19 4.82 8.45
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) -0.74 4.79 5.78 8.29
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 08/31/1948
Fund without Sales Charge (%) (NAV) -12.43 -1.58 0.76 4.59 8.39
Fund with Sales Charge (%) (POP) -12.43 -1.58 0.76 4.59 8.39
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 -11.17 -1.86 -0.66 2.91
Fund without Sales Charge (%) (NAV) After Shares Sold -5.36 -0.62 0.27 3.11
Fund with Sales Charge (%) (POP) Before Shares Sold -11.17 -1.86 -0.66 2.91
Fund with Sales Charge (%) (POP) After Shares Sold -5.36 -0.62 0.27 3.11
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -14.04 -3.36 -1.07 2.69
Fund without Sales Charge (%) (NAV) After Shares Sold -7.04 -1.72 0.00 2.97
Fund with Sales Charge (%) (POP) Before Shares Sold -14.04 -3.36 -1.07 2.69
Fund with Sales Charge (%) (POP) After Shares Sold -7.04 -1.72 0.00 2.97

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 15.13 -5.74 8.18 16.20 -8.28 3.37 14.05 13.50 2.01 12.66
Fund with Sales Charge (%) (POP) 15.13 -5.74 8.18 16.20 -8.28 3.37 14.05 13.50 2.01 12.66
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) -11.99 -12.40 -9.45 -0.13 6.07 60.09 33,307.51
Fund with Sales Charge (%) (POP) -11.99 -12.40 -9.45 -0.13 6.07 60.09 33,307.51
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) -7.00 -7.42 -0.74 15.09 32.43 121.84
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 08/31/1948
Fund without Sales Charge (%) (NAV) -16.36 -16.36 -12.43 -4.67 3.84 56.67 31,797.36
Fund with Sales Charge (%) (POP) -16.36 -16.36 -12.43 -4.67 3.84 56.67 31,797.36
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) 10.54 10.03 9.28
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 1.08 1.14 1.18
Sharpe Ratio -0.11 0.09 0.56
Information Ratio -1.48 -1.20 -0.92
Tracking Error 3.22 3.63 3.61

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

Gross Expense Ratio 0.97%
Net Expense Ratio [further-information] 0.97%
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 1.08
Sharpe Ratio -0.11
Standard Deviation 10.54

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