Average Annual Total Returns [further-information] As of 03/31/2020

Month 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
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 03/31/2020

Month 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
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 03/31/2020

Month 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
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 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 10.22 9.93 9.47
Standard Deviation (Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index) 8.46 7.73 7.25
Alpha -4.06 -4.03 -4.04
Beta 1.17 1.21 1.23
Sharpe Ratio -0.30 0.00 0.46
Information Ratio -1.38 -0.97 -0.78
Tracking Error 2.99 3.72 3.67
R-Squared 0.93 0.89 0.88

ADDITIONAL RISK STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.28 1.26 1.22
Beta Bear 1.35 1.17 1.18
Bull Bear Capture Ratio 0.69 0.72 0.73
Gains/Losses 0.93 1.14 1.53

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 03/31/2020 Updated Monthly, based on a 3-year period

Beta 1.17
Sharpe Ratio -0.30
Standard Deviation 10.22

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