Average Annual Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/26/1980
Fund without Sales Charge (%) (NAV) -0.30 4.12 3.59 6.93 12.05
Fund with Sales Charge (%) (POP) -0.30 4.12 3.59 6.93 12.05
MSCI World Index (%) 13.35 12.50 8.20 10.09
Bloomberg Barclays US Corporate High Yield Index (%) 8.38 6.03 5.18 7.78
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/26/1980
Fund without Sales Charge (%) (NAV) -4.36 4.36 3.68 6.94 12.08
Fund with Sales Charge (%) (POP) -4.36 4.36 3.68 6.94 12.08
MSCI World Index (%) 2.42 10.83 7.79 9.62
Bloomberg Barclays US Corporate High Yield Index (%) 6.36 6.07 5.37 7.94

After-Tax Average Annual Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -3.68 1.37 0.67 4.40
Fund without Sales Charge (%) (NAV) After Shares Sold 0.95 2.33 1.87 4.82
Fund with Sales Charge (%) (POP) Before Shares Sold -3.68 1.37 0.67 4.40
Fund with Sales Charge (%) (POP) After Shares Sold 0.95 2.33 1.87 4.82
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -7.71 1.61 0.78 4.41
Fund without Sales Charge (%) (NAV) After Shares Sold -1.44 2.52 1.94 4.82
Fund with Sales Charge (%) (POP) Before Shares Sold -7.71 1.61 0.78 4.41
Fund with Sales Charge (%) (POP) After Shares Sold -1.44 2.52 1.94 4.82

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) -7.14 7.25 16.26 -5.55 3.44 25.97 12.57 -1.83 10.16 20.61
Fund with Sales Charge (%) (POP) -7.14 7.25 16.26 -5.55 3.44 25.97 12.57 -1.83 10.16 20.61
MSCI World Index (%) -8.20 23.07 8.15 -0.32 5.50 27.37 16.54 -5.02 12.34 30.79
Bloomberg Barclays US Corporate High Yield Index (%) -2.08 7.50 17.13 -4.47 2.45 7.44 15.81 4.98 15.12 58.21

Cumulative Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) -0.74 7.93 -0.30 12.87 19.27 95.44 8,440.95
Fund with Sales Charge (%) (POP) -0.74 7.93 -0.30 12.87 19.27 95.44 8,440.95
MSCI World Index (%) 2.71 21.19 13.35 42.33 48.26 161.53
Bloomberg Barclays US Corporate High Yield Index (%) 1.04 11.71 8.38 19.20 28.74 111.50
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) 0.50 8.19 -4.36 13.64 19.81 95.56 8,461.51
Fund with Sales Charge (%) (POP) 0.50 8.19 -4.36 13.64 19.81 95.56 8,461.51
MSCI World Index (%) 0.66 18.15 2.42 36.11 45.51 150.48
Bloomberg Barclays US Corporate High Yield Index (%) 1.33 11.41 6.36 19.33 29.91 114.71

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 8.58 8.54 9.28
Standard Deviation (MSCI World Index) 11.05 11.56 12.95
Beta 0.68 0.66 0.66
Sharpe Ratio 0.30 0.30 0.69
Information Ratio -1.55 -0.83 -0.55
Tracking Error 5.41 5.55 5.69

ADDITIONAL RISK STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.63 0.59 0.59
Beta Bear 0.89 0.86 0.80
Bull Bear Capture Ratio 0.63 0.77 0.91
% of Positive Months 63.89 65.00 69.17
Gains/Losses 1.47 1.41 1.76
Maximum Drawdown
12.12 12.56 14.82

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

Gross Expense Ratio 0.78%
Net Expense Ratio [further-information] 0.78%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 10/31/2019 Updated Monthly, based on a 3-year period

Beta 0.68
Sharpe Ratio 0.30
Standard Deviation 8.58

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