Average Annual Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 07/01/1949
Fund without Sales Charge (%) (NAV) -2.36 0.58 2.72 7.54 12.33
Fund with Sales Charge (%) (POP) -2.36 0.58 2.72 7.54 12.33
S&P 500 Index (%) 8.19 9.87 9.23 12.65
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 07/01/1949
Fund without Sales Charge (%) (NAV) 23.13 6.75 6.28 9.01 12.57
Fund with Sales Charge (%) (POP) 23.13 6.75 6.28 9.01 12.57
S&P 500 Index (%) 31.49 15.28 11.70 13.56

After-Tax Average Annual Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -4.20 -1.15 0.91 6.34
Fund without Sales Charge (%) (NAV) After Shares Sold 0.13 0.48 2.02 6.05
Fund with Sales Charge (%) (POP) Before Shares Sold -4.20 -1.15 0.91 6.34
Fund with Sales Charge (%) (POP) After Shares Sold 0.13 0.48 2.02 6.05
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 20.81 4.92 4.41 7.79
Fund without Sales Charge (%) (NAV) After Shares Sold 15.20 5.03 4.64 7.20
Fund with Sales Charge (%) (POP) Before Shares Sold 20.81 4.92 4.41 7.79
Fund with Sales Charge (%) (POP) After Shares Sold 15.20 5.03 4.64 7.20

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 23.13 -8.95 8.49 15.88 -3.81 7.60 28.10 15.14 -1.50 11.75
Fund with Sales Charge (%) (POP) 23.13 -8.95 8.49 15.88 -3.81 7.60 28.10 15.14 -1.50 11.75
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 02/29/2020

Month EndAs of 02/29/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 07/01/1949
Fund without Sales Charge (%) (NAV) -10.06 -12.59 -2.36 1.74 14.33 106.83 369,149.48
Fund with Sales Charge (%) (POP) -10.06 -12.59 -2.36 1.74 14.33 106.83 369,149.48
S&P 500 Index (%) -5.50 -8.27 8.19 32.62 55.49 229.18
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 07/01/1949
Fund without Sales Charge (%) (NAV) 6.87 23.13 23.13 21.64 35.59 136.87 422,337.35
Fund with Sales Charge (%) (POP) 6.87 23.13 23.13 21.64 35.59 136.87 422,337.35
S&P 500 Index (%) 9.07 31.49 31.49 53.17 73.86 256.66

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 12.68 11.79 11.77
Standard Deviation (S&P 500 Index) 12.98 12.26 12.65
Beta 0.92 0.91 0.89
Sharpe Ratio -0.09 0.14 0.59
Information Ratio -2.22 -1.61 -1.40
Tracking Error 4.19 4.04 3.66

ADDITIONAL RISK STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.91 0.80 0.83
Beta Bear 0.79 0.87 0.90
Bull Bear Capture Ratio 0.59 0.69 0.78
% of Positive Months 58.33 61.67 64.17
Gains/Losses 1.09 1.24 1.65
Maximum Drawdown
12.59 13.12 17.70

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

Gross Expense Ratio 0.77%
Net Expense Ratio [further-information] 0.77%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 02/29/2020 Updated Monthly, based on a 3-year period

Beta 0.92
Sharpe Ratio -0.09
Standard Deviation 12.68

Benchmarks

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

  • S&P 500 Index