Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/31/1948
Fund without Sales Charge (%) (NAV) -3.03 0.66 2.16 6.00 9.79
Fund with Sales Charge (%) (POP) -6.66 -0.61 1.38 5.60 9.74
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) 5.22 5.28 6.31 9.07
S&P 500 Index (%) 12.84 10.23 9.86 13.15
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/31/1948
Fund without Sales Charge (%) (NAV) -11.60 -1.39 1.07 4.92 9.71
Fund with Sales Charge (%) (POP) -14.91 -2.63 0.30 4.52 9.65
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) -5.85 2.73 4.67 7.76
S&P 500 Index (%) -6.98 5.10 6.72 10.53

After-Tax Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -4.97 -1.31 0.18 3.97
Fund without Sales Charge (%) (NAV) After Shares Sold -1.60 -0.20 0.93 4.00
Fund with Sales Charge (%) (POP) Before Shares Sold -8.53 -2.56 -0.59 3.57
Fund with Sales Charge (%) (POP) After Shares Sold -3.76 -1.16 0.34 3.67
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -13.27 -3.29 -0.87 2.91
Fund without Sales Charge (%) (NAV) After Shares Sold -6.54 -1.64 0.18 3.18
Fund with Sales Charge (%) (POP) Before Shares Sold -16.52 -4.51 -1.62 2.52
Fund with Sales Charge (%) (POP) After Shares Sold -8.51 -2.57 -0.40 2.86

Calendar Year Returns

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 05/31/2020

Month EndAs of 05/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/31/1948
Fund without Sales Charge (%) (NAV) -4.99 -9.92 -3.03 2.00 11.29 79.11 81,443.94
Fund with Sales Charge (%) (POP) -8.55 -13.30 -6.66 -1.83 7.12 72.39 78,386.09
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) 0.15 -4.91 5.22 16.70 35.78 138.34
S&P 500 Index (%) 3.59 -4.97 12.84 33.95 60.05 244.08
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/31/1948
Fund without Sales Charge (%) (NAV) -16.02 -16.02 -11.60 -4.10 5.49 61.63 75,917.42
Fund with Sales Charge (%) (POP) -19.17 -19.17 -14.91 -7.69 1.53 55.57 73,066.81
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) -13.24 -13.24 -5.85 8.40 25.67 111.22
S&P 500 Index (%) -19.60 -19.60 -6.98 16.11 38.47 172.10

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 10.65 10.03 9.37
Standard Deviation (Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index) 9.31 8.17 7.34
Alpha -4.34 -4.40 -4.18
Beta 1.09 1.15 1.19
Sharpe Ratio -0.08 0.16 0.58
Information Ratio -1.37 -1.07 -0.83
Tracking Error 3.16 3.73 3.69
R-Squared 0.92 0.88 0.87

ADDITIONAL RISK STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.97 1.05 1.12
Beta Bear 1.34 1.19 1.19
Bull Bear Capture Ratio 0.71 0.69 0.71
Gains/Losses 1.12 1.30 1.68

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 06/30/2020 Updated Monthly, based on a 3-year period

Beta 1.09
Sharpe Ratio -0.08
Standard Deviation 10.65

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