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 09/26/1980
Fund without Sales Charge (%) (NAV) -20.19 -4.92 -1.37 3.90 11.50
Fund with Sales Charge (%) (POP) -20.19 -4.92 -1.37 3.90 11.50
MSCI World Index (%) -9.87 2.49 3.83 7.17
Bloomberg Barclays US Corporate High Yield Index (%) -6.94 0.76 2.78 5.64
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/26/1980
Fund without Sales Charge (%) (NAV) -20.19 -4.92 -1.37 3.90 11.50
Fund with Sales Charge (%) (POP) -20.19 -4.92 -1.37 3.90 11.50
MSCI World Index (%) -9.87 2.49 3.83 7.17
Bloomberg Barclays US Corporate High Yield Index (%) -6.94 0.76 2.78 5.64

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 -21.11 -6.96 -3.56 1.35
Fund without Sales Charge (%) (NAV) After Shares Sold -11.52 -3.95 -1.44 2.61
Fund with Sales Charge (%) (POP) Before Shares Sold -21.11 -6.96 -3.56 1.35
Fund with Sales Charge (%) (POP) After Shares Sold -11.52 -3.95 -1.44 2.61
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -21.11 -6.96 -3.56 1.35
Fund without Sales Charge (%) (NAV) After Shares Sold -11.52 -3.95 -1.44 2.61
Fund with Sales Charge (%) (POP) Before Shares Sold -21.11 -6.96 -3.56 1.35
Fund with Sales Charge (%) (POP) After Shares Sold -11.52 -3.95 -1.44 2.61

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013
Fund without Sales Charge (%) (NAV) 12.40 -7.03 7.28 16.44 -5.54 3.53 26.00
Fund with Sales Charge (%) (POP) 12.40 -7.03 7.28 16.44 -5.54 3.53 26.00
MSCI World Index (%) 28.40 -8.20 23.07 8.15 -0.32 5.50 27.37
Bloomberg Barclays US Corporate High Yield Index (%) 14.32 -2.08 7.50 17.13 -4.47 2.45 7.44

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 09/26/1980
Fund without Sales Charge (%) (NAV) -22.58 -22.58 -20.19 -14.03 -6.66 46.62 7,271.32
Fund with Sales Charge (%) (POP) -22.58 -22.58 -20.19 -14.03 -6.66 46.62 7,271.32
MSCI World Index (%) -20.93 -20.93 -9.87 7.67 20.69 99.91
Bloomberg Barclays US Corporate High Yield Index (%) -12.68 -12.68 -6.94 2.31 14.68 73.15
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) -22.58 -22.58 -20.19 -14.03 -6.66 46.62 7,271.32
Fund with Sales Charge (%) (POP) -22.58 -22.58 -20.19 -14.03 -6.66 46.62 7,271.32
MSCI World Index (%) -20.93 -20.93 -9.87 7.67 20.69 99.91
Bloomberg Barclays US Corporate High Yield Index (%) -12.68 -12.68 -6.94 2.31 14.68 73.15

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 13.58 11.84 10.99
Standard Deviation (MSCI World Index) 14.61 13.45 13.79
Beta 0.85 0.80 0.73
Sharpe Ratio -0.49 -0.21 0.30
Information Ratio -1.26 -0.90 -0.58
Tracking Error 5.88 5.78 5.68

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

3 YR 5 YR 10 YR
Beta Bull 0.64 0.60 0.60
Beta Bear 1.20 1.11 0.98
Bull Bear Capture Ratio 0.54 0.65 0.83
% of Positive Months 58.33 65.00 67.50
Gains/Losses 0.76 0.95 1.38
Maximum Drawdown
23.48 23.48 23.48

SALES CHARGE, EXPENSES & FEES As of 05/01/2019 (updated annually)

Gross Expense Ratio 0.74%
Net Expense Ratio [further-information] 0.72%
Max Initial Sales Charge 0.00%
CDSC

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

Beta 0.85
Sharpe Ratio -0.49
Standard Deviation 13.58

Benchmarks

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

  • MSCI World Index
  • Bloomberg Barclays US Corporate High Yield Index