Average Annual Total Returns [further-information] As of 08/31/2020

Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares.
Month EndAs of 08/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/31/1948
Fund without Sales Charge (%) (NAV) -1.39 1.83 4.77 6.11 9.82
Fund with Sales Charge (%) (POP) -5.09 0.54 3.97 5.71 9.77
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) 4.74 6.30 8.34 9.19
S&P 500 Index (%) 21.94 14.51 14.45 15.16
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/31/1948
Fund without Sales Charge (%) (NAV) -6.79 0.80 2.77 6.04 9.78
Fund with Sales Charge (%) (POP) -10.29 -0.47 1.98 5.64 9.72
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) 0.52 5.12 6.75 9.09
S&P 500 Index (%) 7.51 10.73 10.72 13.99

After-Tax Average Annual Total Returns [further-information] As of 08/31/2020

Month EndAs of 08/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -3.47 -0.21 2.70 4.07
Fund without Sales Charge (%) (NAV) After Shares Sold -0.75 0.61 2.88 4.05
Fund with Sales Charge (%) (POP) Before Shares Sold -7.09 -1.47 1.92 3.67
Fund with Sales Charge (%) (POP) After Shares Sold -2.95 -0.36 2.26 3.72
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -8.69 -1.19 0.76 4.01
Fund without Sales Charge (%) (NAV) After Shares Sold -3.85 -0.10 1.39 4.03
Fund with Sales Charge (%) (POP) Before Shares Sold -12.11 -2.44 -0.01 3.61
Fund with Sales Charge (%) (POP) After Shares Sold -5.93 -1.06 0.79 3.70

Calendar Year Returns

Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares.
2019 2018
Fund without Sales Charge (%) (NAV) 15.69 -5.77
Fund with Sales Charge (%) (POP) 11.35 -9.30
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) 17.28 -1.61
S&P 500 Index (%) 31.49 -4.38

Cumulative Total Returns [further-information] As of 08/31/2020

Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares.
Month EndAs of 08/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/31/1948
Fund without Sales Charge (%) (NAV) 4.39 -5.97 -1.39 5.58 26.22 80.97 85,022.47
Fund with Sales Charge (%) (POP) 0.47 -9.49 -5.09 1.62 21.48 74.18 81,830.42
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) 4.75 -0.40 4.74 20.12 49.27 140.93
S&P 500 Index (%) 15.48 9.74 21.94 50.17 96.47 310.38
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/31/1948
Fund without Sales Charge (%) (NAV) 7.26 -9.93 -6.79 2.43 14.62 79.80 81,434.14
Fund with Sales Charge (%) (POP) 3.24 -13.31 -10.29 -1.42 10.32 73.06 78,376.65
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) 9.27 -5.20 0.52 16.17 38.62 138.71
S&P 500 Index (%) 20.54 -3.08 7.51 35.77 66.45 270.31

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 08/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 10.73 9.88 9.27
Standard Deviation (Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index) 9.46 8.09 7.28
Alpha -4.50 -4.14 -4.17
Beta 1.08 1.14 1.18
Sharpe Ratio 0.02 0.37 0.60
Information Ratio -1.39 -0.97 -0.83
Tracking Error 3.22 3.69 3.70
R-Squared 0.92 0.87 0.86

ADDITIONAL RISK STATISTICSAs of 08/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.94 1.01 1.10
Beta Bear 1.34 1.19 1.19
Bull Bear Capture Ratio 0.71 0.71 0.71
% of Positive Months 55.56 61.67 60.00
Gains/Losses 1.21 1.54 1.69
Maximum Drawdown
16.02 16.02 16.02

SALES CHARGE, EXPENSES & FEES As of 02/01/2020 (updated annually)

Gross Expense Ratio 0.72%
Net Expense Ratio [further-information] 0.72%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 08/31/2020 Updated Monthly, based on a 3-year period

Beta 1.08
Sharpe Ratio 0.02
Standard Deviation 10.73

Benchmarks

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

  • Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index
  • S&P 500 Index