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 09/26/1980
Fund without Sales Charge (%) (NAV) 5.17 3.05 3.87 6.48 11.02
Fund with Sales Charge (%) (POP) 5.17 3.05 3.87 6.48 11.02
MSCI World Index (%) 18.40 12.09 9.62 10.48
Bloomberg Barclays US Corporate High Yield Index (%) 9.40 5.87 6.00 7.44
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/26/1980
Fund without Sales Charge (%) (NAV) 11.88 3.33 3.70 6.38 11.05
Fund with Sales Charge (%) (POP) 11.88 3.33 3.70 6.38 11.05
MSCI World Index (%) 28.40 13.21 9.36 10.08
Bloomberg Barclays US Corporate High Yield Index (%) 14.32 6.37 6.13 7.57

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 4.13 0.94 1.68 3.96
Fund without Sales Charge (%) (NAV) After Shares Sold 3.31 1.75 2.29 4.43
Fund with Sales Charge (%) (POP) Before Shares Sold 4.13 0.94 1.68 3.96
Fund with Sales Charge (%) (POP) After Shares Sold 3.31 1.75 2.29 4.43
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 10.77 1.22 1.52 3.86
Fund without Sales Charge (%) (NAV) After Shares Sold 7.29 1.96 2.16 4.34
Fund with Sales Charge (%) (POP) Before Shares Sold 10.77 1.22 1.52 3.86
Fund with Sales Charge (%) (POP) After Shares Sold 7.29 1.96 2.16 4.34

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 11.88 -7.61 6.73 15.69 -6.03 2.94 25.34 11.99 -2.31 9.65
Fund with Sales Charge (%) (POP) 11.88 -7.61 6.73 15.69 -6.03 2.94 25.34 11.99 -2.31 9.65
MSCI World Index (%) 28.40 -8.20 23.07 8.15 -0.32 5.50 27.37 16.54 -5.02 12.34
Bloomberg Barclays US Corporate High Yield Index (%) 14.32 -2.08 7.50 17.13 -4.47 2.45 7.44 15.81 4.98 15.12

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 09/26/1980
Fund without Sales Charge (%) (NAV) 3.87 -0.22 5.17 9.42 20.88 87.41 6,015.14
Fund with Sales Charge (%) (POP) 3.87 -0.22 5.17 9.42 20.88 87.41 6,015.14
MSCI World Index (%) 5.34 -0.58 18.40 40.79 58.31 170.94
Bloomberg Barclays US Corporate High Yield Index (%) 2.36 0.03 9.40 18.65 33.81 104.94
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) 3.77 11.88 11.88 10.32 19.93 85.63 6,028.65
Fund with Sales Charge (%) (POP) 3.77 11.88 11.88 10.32 19.93 85.63 6,028.65
MSCI World Index (%) 8.68 28.40 28.40 45.06 56.39 161.31
Bloomberg Barclays US Corporate High Yield Index (%) 2.61 14.32 14.32 20.34 34.66 107.47

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 01/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 8.50 8.54 9.26
Standard Deviation (MSCI World Index) 11.14 11.54 12.85
Beta 0.68 0.66 0.67
Sharpe Ratio 0.16 0.33 0.64
Information Ratio -1.70 -1.04 -0.72
Tracking Error 5.32 5.51 5.52

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

3 YR 5 YR 10 YR
Beta Bull 0.65 0.60 0.60
Beta Bear 0.87 0.85 0.80
Bull Bear Capture Ratio 0.58 0.73 0.86
% of Positive Months 61.11 66.67 65.83
Gains/Losses 1.35 1.44 1.71
Maximum Drawdown
12.27 12.84 15.01

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

Gross Expense Ratio 1.28%
Net Expense Ratio [further-information] 1.28%
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 0.68
Sharpe Ratio 0.16
Standard Deviation 8.50

Benchmarks

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

  • MSCI World Index
  • Bloomberg Barclays US Corporate High Yield Index