Average Annual Total Returns [further-information] As of 07/31/2020

Month EndAs of 07/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 11/17/2004
Fund without Sales Charge (%) (NAV) 1.29 2.02 1.94 2.05 2.97
Fund with Sales Charge (%) (POP) 1.29 2.02 1.94 2.05 2.97
Bloomberg Barclays US Government & Credit (1-3 Year) Index (%) 4.46 2.85 2.13 1.61 2.55
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 11/17/2004
Fund without Sales Charge (%) (NAV) 0.71 1.87 1.81 2.10 2.94
Fund with Sales Charge (%) (POP) 0.71 1.87 1.81 2.10 2.94
Bloomberg Barclays US Government & Credit (1-3 Year) Index (%) 4.20 2.87 2.11 1.63 2.55

After-Tax Average Annual Total Returns [further-information] As of 07/31/2020

Month EndAs of 07/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -0.09 0.66 0.72 0.90
Fund without Sales Charge (%) (NAV) After Shares Sold 0.75 0.96 0.94 1.08
Fund with Sales Charge (%) (POP) Before Shares Sold -0.09 0.66 0.72 0.90
Fund with Sales Charge (%) (POP) After Shares Sold 0.75 0.96 0.94 1.08
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -0.68 0.53 0.60 0.96
Fund without Sales Charge (%) (NAV) After Shares Sold 0.41 0.85 0.85 1.13
Fund with Sales Charge (%) (POP) Before Shares Sold -0.68 0.53 0.60 0.96
Fund with Sales Charge (%) (POP) After Shares Sold 0.41 0.85 0.85 1.13

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013
Fund without Sales Charge (%) (NAV) 4.86 1.11 1.55 3.01 -0.19 1.46 1.40
Fund with Sales Charge (%) (POP) 4.86 1.11 1.55 3.01 -0.19 1.46 1.40
Bloomberg Barclays US Government & Credit (1-3 Year) Index (%) 4.03 1.60 0.84 1.28 0.65 0.77 0.65

Cumulative Total Returns [further-information] As of 07/31/2020

Month EndAs of 07/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 11/17/2004
Fund without Sales Charge (%) (NAV) 5.12 0.08 1.29 6.17 10.09 22.48 58.29
Fund with Sales Charge (%) (POP) 5.12 0.08 1.29 6.17 10.09 22.48 58.29
Bloomberg Barclays US Government & Credit (1-3 Year) Index (%) 0.72 3.07 4.46 8.79 11.12 17.34 48.49
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 11/17/2004
Fund without Sales Charge (%) (NAV) 6.10 -0.61 0.71 5.72 9.36 23.09 57.21
Fund with Sales Charge (%) (POP) 6.10 -0.61 0.71 5.72 9.36 23.09 57.21
Bloomberg Barclays US Government & Credit (1-3 Year) Index (%) 1.17 2.88 4.20 8.87 10.99 17.60 48.22

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 4.68 3.70 2.84
Standard Deviation (Bloomberg Barclays US Government & Credit (1-3 Year) Index) 1.02 0.96 0.81
Sharpe Ratio 0.09 0.22 0.52
Information Ratio -0.18 -0.05 0.16
Tracking Error 4.69 3.71 2.79

ADDITIONAL RISK STATISTICSAs of 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.79 0.57 0.66
Beta Bear 0.24 0.68 0.75
Bull Bear Capture Ratio -2.65 -9.84 1.94
% of Positive Months 77.78 75.00 76.67
Gains/Losses 1.84 2.07 2.39
Maximum Drawdown
7.06 7.06 7.06

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

Gross Expense Ratio 0.58%
Net Expense Ratio [further-information] 0.32%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 07/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.09
Standard Deviation 4.68

Benchmarks

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

  • Bloomberg Barclays US Government & Credit (1-3 Year) Index