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 08/15/2003
Fund without Sales Charge (%) (NAV) -5.92 -2.58 -0.17 5.14 4.41
Fund with Sales Charge (%) (POP) -6.84 -2.58 -0.17 5.14 4.41
S&P 500 Index (%) 12.84 10.23 9.86 13.15 9.13
MSCI World Index (%) 7.37 6.49 6.44 9.89 8.04
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/15/2003
Fund without Sales Charge (%) (NAV) -17.12 -4.97 -1.53 3.52 3.90
Fund with Sales Charge (%) (POP) -17.93 -4.97 -1.53 3.52 3.90
S&P 500 Index (%) -6.98 5.10 6.72 10.53 8.13
MSCI World Index (%) -9.87 2.49 3.83 7.17 7.14

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 -6.50 -3.16 -0.71 4.54
Fund without Sales Charge (%) (NAV) After Shares Sold -3.12 -1.96 -0.15 4.05
Fund with Sales Charge (%) (POP) Before Shares Sold -7.42 -3.16 -0.71 4.54
Fund with Sales Charge (%) (POP) After Shares Sold -3.66 -1.96 -0.15 4.05
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -17.63 -5.53 -2.06 2.92
Fund without Sales Charge (%) (NAV) After Shares Sold -9.74 -3.70 -1.14 2.75
Fund with Sales Charge (%) (POP) Before Shares Sold -18.44 -5.53 -2.06 2.92
Fund with Sales Charge (%) (POP) After Shares Sold -10.22 -3.70 -1.14 2.75

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 16.91 -10.54 10.43 12.71 -6.85 2.12 22.69 15.87 -2.65 9.69
Fund with Sales Charge (%) (POP) 15.91 -11.41 9.43 11.71 -7.76 1.13 21.69 14.87 -3.59 8.69
S&P 500 Index (%) 31.49 -4.38 21.83 11.96 1.38 13.69 32.39 16.00 2.11 15.06
MSCI World Index (%) 28.40 -8.20 23.07 8.15 -0.32 5.50 27.37 16.54 -5.02 12.34

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 08/15/2003
Fund without Sales Charge (%) (NAV) -6.70 -15.42 -5.92 -7.54 -0.84 65.13 106.59
Fund with Sales Charge (%) (POP) -7.63 -16.27 -6.84 -7.54 -0.84 65.13 106.59
S&P 500 Index (%) 3.59 -4.97 12.84 33.95 60.05 244.08 333.56
MSCI World Index (%) 1.08 -7.95 7.37 20.78 36.62 156.92 266.45
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/15/2003
Fund without Sales Charge (%) (NAV) -22.61 -22.61 -17.12 -14.17 -7.43 41.27 89.03
Fund with Sales Charge (%) (POP) -23.38 -23.38 -17.93 -14.17 -7.43 41.27 89.03
S&P 500 Index (%) -19.60 -19.60 -6.98 16.11 38.47 172.10 266.83
MSCI World Index (%) -20.93 -20.93 -9.87 7.67 20.69 99.91 214.78

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 14.49 13.02 12.28
Standard Deviation (S&P 500 Index) 16.71 14.63 13.36
Alpha -10.81 -7.99 -5.99
Beta 0.82 0.84 0.87
Sharpe Ratio -0.29 -0.05 0.40
Information Ratio -2.42 -2.04 -1.89
Tracking Error 5.51 5.03 4.51
R-Squared 0.90 0.88 0.89

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

3 YR 5 YR 10 YR
Correlation Coefficient 0.95 0.94 0.94
Beta Bull 0.66 0.68 0.77
Beta Bear 0.90 0.90 0.91
Bull Bear Capture Ratio 0.50 0.57 0.65
Gains/Losses 0.92 1.09 1.46

SALES CHARGE, EXPENSES & FEES As of 05/01/2020 (updated annually)

Gross Expense Ratio 1.76%
Net Expense Ratio [further-information] 1.76%
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 0.82
Sharpe Ratio -0.29
Standard Deviation 14.49

Benchmarks

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

  • S&P 500 Index
  • MSCI World Index