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 03/15/1988
Fund without Sales Charge (%) (NAV) -12.27 1.15 3.47 7.79 7.95
Fund with Sales Charge (%) (POP) -17.11 -0.73 2.31 7.19 7.76
Russell 1000 Value Index (%) -17.17 -2.18 1.90 7.67 9.20
S&P 500 Index (%) -6.98 5.10 6.72 10.53 9.74
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/15/1988
Fund without Sales Charge (%) (NAV) -12.27 1.15 3.47 7.79 7.95
Fund with Sales Charge (%) (POP) -17.11 -0.73 2.31 7.19 7.76
Russell 1000 Value Index (%) -17.17 -2.18 1.90 7.67 9.20
S&P 500 Index (%) -6.98 5.10 6.72 10.53 9.74

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 -13.50 -0.22 2.07 6.65
Fund without Sales Charge (%) (NAV) After Shares Sold -6.30 0.99 2.71 6.28
Fund with Sales Charge (%) (POP) Before Shares Sold -18.27 -2.08 0.91 6.05
Fund with Sales Charge (%) (POP) After Shares Sold -9.22 -0.45 1.79 5.76
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -13.50 -0.22 2.07 6.65
Fund without Sales Charge (%) (NAV) After Shares Sold -6.30 0.99 2.71 6.28
Fund with Sales Charge (%) (POP) Before Shares Sold -18.27 -2.08 0.91 6.05
Fund with Sales Charge (%) (POP) After Shares Sold -9.22 -0.45 1.79 5.76

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 25.48 -4.67 15.96 11.75 -0.90 9.12 29.28 11.85 1.47 15.86
Fund with Sales Charge (%) (POP) 18.56 -9.91 9.28 5.34 -6.61 2.85 21.84 5.40 -4.37 9.18
Russell 1000 Value Index (%) 26.54 -8.27 13.66 17.34 -3.83 13.45 32.53 17.51 0.39 15.51
S&P 500 Index (%) 31.49 -4.38 21.83 11.96 1.38 13.69 32.39 16.00 2.11 15.06

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 03/15/1988
Fund without Sales Charge (%) (NAV) -22.73 -22.73 -12.27 3.49 18.61 111.75 1,060.31
Fund with Sales Charge (%) (POP) -26.98 -26.98 -17.11 -2.18 12.07 100.15 996.69
Russell 1000 Value Index (%) -26.73 -26.73 -17.17 -6.39 9.89 109.31 1,577.09
S&P 500 Index (%) -19.60 -19.60 -6.98 16.11 38.47 172.10 1,864.81
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/15/1988
Fund without Sales Charge (%) (NAV) -22.73 -22.73 -12.27 3.49 18.61 111.75 1,060.31
Fund with Sales Charge (%) (POP) -26.98 -26.98 -17.11 -2.18 12.07 100.15 996.69
Russell 1000 Value Index (%) -26.73 -26.73 -17.17 -6.39 9.89 109.31 1,577.09
S&P 500 Index (%) -19.60 -19.60 -6.98 16.11 38.47 172.10 1,864.81

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 14.36 12.73 12.57
Standard Deviation (Russell 1000 Value Index) 16.55 14.71 14.12
Beta 0.86 0.85 0.87
Sharpe Ratio -0.04 0.19 0.57
Information Ratio 1.09 0.52 0.04
Tracking Error 3.06 3.00 2.97

SALES CHARGE, EXPENSES & FEES As of 03/01/2020 (updated annually)

Gross Expense Ratio 0.87%
Net Expense Ratio [further-information] 0.86%
Max Initial Sales Charge 5.50%
CDSC 1.00%

Volatility Measures [further-information] As of 03/31/2020 Updated Monthly, based on a 3-year period

Beta 0.86
Sharpe Ratio -0.04
Standard Deviation 14.36

Benchmarks

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

  • Russell 1000 Value Index
  • S&P 500 Index