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 05/01/1995
Fund without Sales Charge (%) (NAV) -3.48 -3.99 -1.30 4.89 5.36
Fund with Sales Charge (%) (POP) -4.40 -3.99 -1.30 4.89 5.36
MSCI All Country World Index (%) 5.98 5.74 5.85 9.05 7.00
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 05/01/1995
Fund without Sales Charge (%) (NAV) -17.89 -5.98 -2.69 2.79 5.01
Fund with Sales Charge (%) (POP) -18.67 -5.98 -2.69 2.79 5.01
MSCI All Country World Index (%) -10.76 2.05 3.41 6.45 6.43

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 -4.38 -5.02 -1.95 4.51
Fund without Sales Charge (%) (NAV) After Shares Sold -0.88 -2.75 -0.77 4.12
Fund with Sales Charge (%) (POP) Before Shares Sold -5.30 -5.02 -1.95 4.51
Fund with Sales Charge (%) (POP) After Shares Sold -1.42 -2.75 -0.77 4.12
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -18.65 -6.98 -3.33 2.41
Fund without Sales Charge (%) (NAV) After Shares Sold -9.44 -4.12 -1.74 2.45
Fund with Sales Charge (%) (POP) Before Shares Sold -19.44 -6.98 -3.33 2.41
Fund with Sales Charge (%) (POP) After Shares Sold -9.91 -4.12 -1.74 2.45

Calendar Year Returns

2019 2018
Fund without Sales Charge (%) (NAV) 13.92 -15.19
Fund with Sales Charge (%) (POP) 12.92 -15.96
MSCI All Country World Index (%) 27.30 -8.93

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 05/01/1995
Fund without Sales Charge (%) (NAV) -5.30 -14.69 -3.48 -11.51 -6.32 61.21 270.60
Fund with Sales Charge (%) (POP) -6.25 -15.54 -4.40 -11.51 -6.32 61.21 -15.94
MSCI All Country World Index (%) 0.10 -8.94 5.98 18.25 32.92 137.89 446.16
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 05/01/1995
Fund without Sales Charge (%) (NAV) -22.17 -22.17 -17.89 -16.88 -12.76 31.64 238.10
Fund with Sales Charge (%) (POP) -22.95 -22.95 -18.67 -16.88 -12.76 31.64 -23.31
MSCI All Country World Index (%) -21.26 -21.26 -10.76 6.28 18.27 86.80 372.26

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 16.26 15.33 15.63
Standard Deviation (MSCI All Country World Index) 16.03 14.38 13.96
Alpha -9.80 -7.01 -4.49
Beta 0.97 1.01 1.08
Sharpe Ratio -0.34 -0.10 0.31
Information Ratio -2.14 -1.58 -0.98
Tracking Error 4.98 4.75 4.48
R-Squared 0.91 0.90 0.92

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

3 YR 5 YR 10 YR
Beta Bull 0.92 0.94 1.08
Beta Bear 0.91 0.94 1.03
Bull Bear Capture Ratio 0.59 0.69 0.81
Gains/Losses 0.89 1.04 1.35

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

Gross Expense Ratio 1.81%
Net Expense Ratio [further-information] 1.81%
Max Initial Sales Charge 0.00%
CDSC 1.00%

Volatility Measures [further-information] As of 06/30/2020 Updated Monthly, based on a 3-year period

Beta 0.97
Sharpe Ratio -0.34
Standard Deviation 16.26

Benchmarks

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

  • MSCI All Country World Index