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 03/31/1948
Fund without Sales Charge (%) (NAV) 4.16 15.35 12.39 13.77 10.93
Fund with Sales Charge (%) (POP) 4.16 15.35 12.39 13.77 10.93
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 03/31/1948
Fund without Sales Charge (%) (NAV) 4.16 15.35 12.39 13.77 10.93
Fund with Sales Charge (%) (POP) 4.16 15.35 12.39 13.77 10.93
S&P 500 Index (%) 4.25 13.40 10.84 13.24

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 3.71 14.53 11.66 13.32
Fund without Sales Charge (%) (NAV) After Shares Sold 2.73 11.90 9.74 11.50
Fund with Sales Charge (%) (POP) Before Shares Sold 3.71 14.53 11.66 13.32
Fund with Sales Charge (%) (POP) After Shares Sold 2.73 11.90 9.74 11.50
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.71 14.53 11.66 13.32
Fund without Sales Charge (%) (NAV) After Shares Sold 2.73 11.90 9.74 11.50
Fund with Sales Charge (%) (POP) Before Shares Sold 3.71 14.53 11.66 13.32
Fund with Sales Charge (%) (POP) After Shares Sold 2.73 11.90 9.74 11.50

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011
Fund without Sales Charge (%) (NAV) -3.06 27.36 8.86 2.36 15.36 29.97
Fund with Sales Charge (%) (POP) -3.06 27.36 8.86 2.36 15.36 29.97
S&P 500 Index (%) -4.38 21.83 11.96 1.38 13.69 32.39 16.00 2.11

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 03/31/1948
Fund without Sales Charge (%) (NAV) 0.49 22.63 4.16 53.48 79.35 263.15 166,691.88
Fund with Sales Charge (%) (POP) 0.49 22.63 4.16 53.48 79.35 263.15 166,691.88
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/31/1948
Fund without Sales Charge (%) (NAV) 0.49 22.63 4.16 53.48 79.35 263.15 166,691.88
Fund with Sales Charge (%) (POP) 0.49 22.63 4.16 53.48 79.35 263.15 166,691.88
S&P 500 Index (%) 1.70 20.55 4.25 45.80 67.27 246.74

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 12.65 12.17 12.77
Standard Deviation (S&P 500 Index) 11.90 11.82 12.46
Beta 1.04 1.00 1.00
Sharpe Ratio 1.21 0.90 1.07
Information Ratio 0.69 0.40 0.16
Tracking Error 2.78 2.84 2.87

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

3 YR 5 YR 10 YR
Beta Bull 1.08 0.98 1.01
Beta Bear 1.18 1.09 1.05
Bull Bear Capture Ratio 1.09 1.07 1.03
% of Positive Months 77.78 68.33 67.50
Gains/Losses 2.68 2.13 2.28
Maximum Drawdown
15.07 15.07 15.83

SALES CHARGE, EXPENSES & FEES As of 02/01/2019 (updated annually)

Gross Expense Ratio 0.48%
Net Expense Ratio [further-information] 0.48%
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 1.04
Sharpe Ratio 1.21
Standard Deviation 12.65

Benchmarks

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

  • S&P 500 Index