Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/26/1980
Fund without Sales Charge (%) (NAV) 12.40 3.83 4.21 6.91 12.11
Fund with Sales Charge (%) (POP) 12.40 3.83 4.21 6.91 12.11
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
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/26/1980
Fund without Sales Charge (%) (NAV) 12.40 3.83 4.21 6.91 12.11
Fund with Sales Charge (%) (POP) 12.40 3.83 4.21 6.91 12.11
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 12/31/2019

No chart available for this data.
Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold
Fund without Sales Charge (%) (NAV) After Shares Sold
Fund with Sales Charge (%) (POP) Before Shares Sold
Fund with Sales Charge (%) (POP) After Shares Sold
No chart available for this data.
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold
Fund without Sales Charge (%) (NAV) After Shares Sold
Fund with Sales Charge (%) (POP) Before Shares Sold
Fund with Sales Charge (%) (POP) After Shares Sold

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 12.40 -7.14 7.25 16.26 -5.55 3.44 25.97 12.57 -1.83 10.16
Fund with Sales Charge (%) (POP) 12.40 -7.14 7.25 16.26 -5.55 3.44 25.97 12.57 -1.83 10.16
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 12/31/2019

Month 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) 3.89 12.40 12.40 11.94 22.93 94.98 8,794.89
Fund with Sales Charge (%) (POP) 3.89 12.40 12.40 11.94 22.93 94.98 8,794.89
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
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) 3.89 12.40 12.40 11.94 22.93 94.98 8,794.89
Fund with Sales Charge (%) (POP) 3.89 12.40 12.40 11.94 22.93 94.98 8,794.89
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 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 8.51 8.57 9.27
Standard Deviation (MSCI World Index) 11.13 11.58 12.94
Beta 0.68 0.66 0.66
Sharpe Ratio 0.26 0.37 0.69
Information Ratio -1.76 -0.93 -0.57
Tracking Error 5.32 5.53 5.61

ADDITIONAL RISK STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.65 0.60 0.60
Beta Bear 0.89 0.86 0.80
Bull Bear Capture Ratio 0.59 0.76 0.91
% of Positive Months 63.89 66.67 69.17
Gains/Losses 1.44 1.48 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 12/31/2019 Updated Monthly, based on a 3-year period

Beta 0.68
Sharpe Ratio 0.26
Standard Deviation 8.51

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