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 09/26/1980
Fund without Sales Charge (%) (NAV) -2.61 0.93 2.37 6.23 11.87
Fund with Sales Charge (%) (POP) -2.61 0.93 2.37 6.23 11.87
MSCI World Index (%) 5.23 7.84 6.48 9.36
Bloomberg Barclays US Corporate High Yield Index (%) 6.10 4.86 5.19 7.27
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 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 -3.71 -1.22 0.13 3.65
Fund without Sales Charge (%) (NAV) After Shares Sold -1.23 0.18 1.16 4.25
Fund with Sales Charge (%) (POP) Before Shares Sold -3.71 -1.22 0.13 3.65
Fund with Sales Charge (%) (POP) After Shares Sold -1.23 0.18 1.16 4.25
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 11.13 1.63 1.93 4.30
Fund without Sales Charge (%) (NAV) After Shares Sold 7.64 2.32 2.51 4.73
Fund with Sales Charge (%) (POP) Before Shares Sold 11.13 1.63 1.93 4.30
Fund with Sales Charge (%) (POP) After Shares Sold 7.64 2.32 2.51 4.73

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 02/29/2020

Month EndAs of 02/29/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) -4.03 -6.33 -2.61 2.80 12.44 83.07 8,231.85
Fund with Sales Charge (%) (POP) -4.03 -6.33 -2.61 2.80 12.44 83.07 8,231.85
MSCI World Index (%) -6.18 -8.94 5.23 25.41 36.91 144.61
Bloomberg Barclays US Corporate High Yield Index (%) 0.59 -1.38 6.10 15.30 28.82 101.69
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 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 9.26 8.92 9.50
Standard Deviation (MSCI World Index) 12.30 12.02 13.18
Beta 0.68 0.67 0.67
Sharpe Ratio -0.08 0.14 0.60
Information Ratio -1.24 -0.74 -0.56
Tracking Error 5.55 5.56 5.58

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

3 YR 5 YR 10 YR
Beta Bull 0.65 0.60 0.60
Beta Bear 0.84 0.84 0.80
Bull Bear Capture Ratio 0.61 0.75 0.89
% of Positive Months 58.33 65.00 68.33
Gains/Losses 1.12 1.26 1.66
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 02/29/2020 Updated Monthly, based on a 3-year period

Beta 0.68
Sharpe Ratio -0.08
Standard Deviation 9.26

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