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 03/31/1948
Fund without Sales Charge (%) (NAV) 20.25 16.25 13.97 14.91 11.09
Fund with Sales Charge (%) (POP) 20.25 16.25 13.97 14.91 11.09
S&P 500 Index (%) 11.96 12.01 11.48 13.84
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/31/1948
Fund without Sales Charge (%) (NAV) 13.07 14.37 12.93 14.86 11.00
Fund with Sales Charge (%) (POP) 13.07 14.37 12.93 14.86 11.00
S&P 500 Index (%) 7.51 10.73 10.72 13.99

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 18.56 15.25 12.94 14.31
Fund without Sales Charge (%) (NAV) After Shares Sold 12.91 12.59 10.94 12.47
Fund with Sales Charge (%) (POP) Before Shares Sold 18.56 15.25 12.94 14.31
Fund with Sales Charge (%) (POP) After Shares Sold 12.91 12.59 10.94 12.47
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 11.47 13.39 11.91 14.26
Fund without Sales Charge (%) (NAV) After Shares Sold 8.73 11.14 10.12 12.46
Fund with Sales Charge (%) (POP) Before Shares Sold 11.47 13.39 11.91 14.26
Fund with Sales Charge (%) (POP) After Shares Sold 8.73 11.14 10.12 12.46

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011
Fund without Sales Charge (%) (NAV) 32.66 -3.06 27.36 8.86 2.36 15.36 29.97
Fund with Sales Charge (%) (POP) 32.66 -3.06 27.36 8.86 2.36 15.36 29.97
S&P 500 Index (%) 31.49 -4.38 21.83 11.96 1.38 13.69 32.39 16.00 2.11

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 03/31/1948
Fund without Sales Charge (%) (NAV) 17.21 11.45 20.25 57.12 92.30 301.24 200,985.27
Fund with Sales Charge (%) (POP) 17.21 11.45 20.25 57.12 92.30 301.24 200,985.27
S&P 500 Index (%) 12.87 2.38 11.96 40.53 72.23 265.58
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/31/1948
Fund without Sales Charge (%) (NAV) 23.95 4.02 13.07 49.61 83.67 299.63 187,569.95
Fund with Sales Charge (%) (POP) 23.95 4.02 13.07 49.61 83.67 299.63 187,569.95
S&P 500 Index (%) 20.54 -3.08 7.51 35.77 66.45 270.31

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 17.39 15.12 13.53
Standard Deviation (S&P 500 Index) 16.92 14.77 13.31
Beta 1.01 1.00 0.99
Sharpe Ratio 0.84 0.85 1.06
Information Ratio 1.36 0.82 0.35
Tracking Error 3.13 3.04 3.04

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

3 YR 5 YR 10 YR
Beta Bull 1.12 1.03 1.03
Beta Bear 1.05 1.00 1.00
Bull Bear Capture Ratio 1.17 1.11 1.06
Gains/Losses 2.05 2.06 2.32

SALES CHARGE, EXPENSES & FEES As of 02/01/2020 (updated annually)

Gross Expense Ratio 0.49%
Net Expense Ratio [further-information] 0.49%
Max Initial Sales Charge 0.00%
CDSC

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

Beta 1.01
Sharpe Ratio 0.84
Standard Deviation 17.39

Benchmarks

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

  • S&P 500 Index