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) 16.07 11.17 9.07 10.84 8.14
Fund with Sales Charge (%) (POP) 16.07 11.17 9.07 10.84 8.14
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) 26.24 12.35 8.67 10.46 8.18
Fund with Sales Charge (%) (POP) 26.24 12.35 8.67 10.46 8.18
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 13.79 9.58 7.54 9.87
Fund without Sales Charge (%) (NAV) After Shares Sold 11.08 8.59 6.95 8.85
Fund with Sales Charge (%) (POP) Before Shares Sold 13.79 9.58 7.54 9.87
Fund with Sales Charge (%) (POP) After Shares Sold 11.08 8.59 6.95 8.85
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 23.76 10.74 7.14 9.49
Fund without Sales Charge (%) (NAV) After Shares Sold 17.24 9.53 6.63 8.52
Fund with Sales Charge (%) (POP) Before Shares Sold 23.76 10.74 7.14 9.49
Fund with Sales Charge (%) (POP) After Shares Sold 17.24 9.53 6.63 8.52

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 26.24 -6.78 20.50
Fund with Sales Charge (%) (POP) 26.24 -6.78 20.50
S&P 500 Index (%) 31.49 -4.38 21.83
MSCI World Index (%) 28.40 -8.20 23.07

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) 6.35 0.00 16.07 37.38 54.37 179.84 262.44
Fund with Sales Charge (%) (POP) 6.35 0.00 16.07 37.38 54.37 179.84 262.44
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) 8.06 26.24 26.24 41.81 51.55 170.50 262.44
Fund with Sales Charge (%) (POP) 8.06 26.24 26.24 41.81 51.55 170.50 262.44
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) 11.95 12.03 12.83
Standard Deviation (S&P 500 Index) 11.95 11.75 12.32
Alpha -2.88 -3.07 -3.16
Beta 0.98 1.00 1.02
Sharpe Ratio 0.79 0.65 0.78
Information Ratio -1.57 -1.27 -1.22
Tracking Error 2.23 2.74 2.78
R-Squared 0.97 0.95 0.95

ADDITIONAL RISK STATISTICSAs of 01/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.01 0.94 1.02
Beta Bear 1.01 1.01 1.01
Bull Bear Capture Ratio 0.85 0.82 0.84
% of Positive Months 80.56 73.33 67.50
Gains/Losses 2.08 1.80 1.89
Maximum Drawdown
14.88 14.88 18.92

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

Gross Expense Ratio 0.89%
Net Expense Ratio [further-information] 0.70%
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
Sharpe Ratio 0.79
Standard Deviation 11.95

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