Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/26/1980
Fund without Sales Charge (%) (NAV) -4.30 4.44 3.75 7.02 12.28
Fund with Sales Charge (%) (POP) -4.30 4.44 3.75 7.02 12.28
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/26/1980
Fund without Sales Charge (%) (NAV) -4.30 4.44 3.75 7.02 12.28
Fund with Sales Charge (%) (POP) -4.30 4.44 3.75 7.02 12.28
MSCI World Index (%) 2.42 10.83 7.79 9.62
Bloomberg Barclays US Corporate High Yield Index (%) 6.36 6.07 5.37 7.94

After-Tax Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -7.67 1.67 0.82 4.47
Fund without Sales Charge (%) (NAV) After Shares Sold -1.40 2.57 1.99 4.88
Fund with Sales Charge (%) (POP) Before Shares Sold -7.67 1.67 0.82 4.47
Fund with Sales Charge (%) (POP) After Shares Sold -1.40 2.57 1.99 4.88
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -7.67 1.67 0.82 4.47
Fund without Sales Charge (%) (NAV) After Shares Sold -1.40 2.57 1.99 4.88
Fund with Sales Charge (%) (POP) Before Shares Sold -7.67 1.67 0.82 4.47
Fund with Sales Charge (%) (POP) After Shares Sold -1.40 2.57 1.99 4.88

Calendar Year Returns

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

Cumulative Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) 0.50 8.19 -4.30 13.91 20.23 97.04 9,064.30
Fund with Sales Charge (%) (POP) 0.50 8.19 -4.30 13.91 20.23 97.04 9,064.30
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) 0.50 8.19 -4.30 13.91 20.23 97.04 9,064.30
Fund with Sales Charge (%) (POP) 0.50 8.19 -4.30 13.91 20.23 97.04 9,064.30
MSCI World Index (%) 0.66 18.15 2.42 36.11 45.51 150.48
Bloomberg Barclays US Corporate High Yield Index (%) 1.33 11.41 6.36 19.33 29.91 114.71

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 8.56 8.52 9.28
Standard Deviation (MSCI World Index) 11.05 11.56 12.95
Beta 0.68 0.66 0.66
Sharpe Ratio 0.31 0.31 0.70
Information Ratio -1.53 -0.82 -0.54
Tracking Error 5.41 5.55 5.69

ADDITIONAL RISK STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.64 0.59 0.59
Beta Bear 0.89 0.86 0.79
Bull Bear Capture Ratio 0.63 0.77 0.92
% of Positive Months 63.89 65.00 69.17
Gains/Losses 1.48 1.42 1.77
Maximum Drawdown
12.07 12.49 14.79

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 10/31/2019 Updated Monthly, based on a 3-year period

Beta 0.68
Sharpe Ratio 0.31
Standard Deviation 8.56

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