Average Annual Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/26/1980
Fund without Sales Charge (%) (NAV) -17.27 -3.29 -0.66 4.28 11.44
Fund with Sales Charge (%) (POP) -17.27 -3.29 -0.66 4.28 11.44
MSCI World Index (%) -3.46 5.58 5.52 8.29
Bloomberg Barclays US Corporate High Yield Index (%) -4.11 1.87 3.44 5.86
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/26/1980
Fund without Sales Charge (%) (NAV) -20.23 -4.98 -1.44 3.83 11.31
Fund with Sales Charge (%) (POP) -20.23 -4.98 -1.44 3.83 11.31
MSCI World Index (%) -9.87 2.49 3.83 7.17
Bloomberg Barclays US Corporate High Yield Index (%) -6.94 0.76 2.78 5.64

After-Tax Average Annual Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -18.20 -5.34 -2.85 1.74
Fund without Sales Charge (%) (NAV) After Shares Sold -9.83 -2.82 -0.98 2.84
Fund with Sales Charge (%) (POP) Before Shares Sold -18.20 -5.34 -2.85 1.74
Fund with Sales Charge (%) (POP) After Shares Sold -9.83 -2.82 -0.98 2.84
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -21.13 -7.00 -3.60 1.30
Fund without Sales Charge (%) (NAV) After Shares Sold -11.55 -4.00 -1.49 2.56
Fund with Sales Charge (%) (POP) Before Shares Sold -21.13 -7.00 -3.60 1.30
Fund with Sales Charge (%) (POP) After Shares Sold -11.55 -4.00 -1.49 2.56

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 04/30/2020

Month EndAs of 04/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) -18.09 -18.21 -17.27 -9.55 -3.27 51.99 7,175.34
Fund with Sales Charge (%) (POP) -18.09 -18.21 -17.27 -9.55 -3.27 51.99 7,175.34
MSCI World Index (%) -11.74 -12.25 -3.46 17.69 30.80 121.70
Bloomberg Barclays US Corporate High Yield Index (%) -8.78 -8.75 -4.11 5.70 18.42 76.81
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) -22.62 -22.62 -20.23 -14.21 -7.00 45.57 6,783.10
Fund with Sales Charge (%) (POP) -22.62 -22.62 -20.23 -14.21 -7.00 45.57 6,783.10
MSCI World Index (%) -20.93 -20.93 -9.87 7.67 20.69 99.91
Bloomberg Barclays US Corporate High Yield Index (%) -12.68 -12.68 -6.94 2.31 14.68 73.15

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 04/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 14.03 12.11 11.12
Standard Deviation (MSCI World Index) 15.82 14.22 14.16
Beta 0.81 0.77 0.72
Sharpe Ratio -0.35 -0.15 0.33
Information Ratio -1.38 -1.01 -0.68
Tracking Error 6.42 6.15 5.87

ADDITIONAL RISK STATISTICSAs of 04/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.58 0.57 0.59
Beta Bear 1.20 1.12 0.98
Bull Bear Capture Ratio 0.54 0.63 0.80
% of Positive Months 58.33 65.00 67.50
Gains/Losses 0.87 1.01 1.42
Maximum Drawdown
23.56 23.56 23.56

SALES CHARGE, EXPENSES & FEES As of 05/01/2020 (updated annually)

Gross Expense Ratio 0.79%
Net Expense Ratio [further-information] 0.79%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 04/30/2020 Updated Monthly, based on a 3-year period

Beta 0.81
Sharpe Ratio -0.35
Standard Deviation 14.03

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