Average Annual Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/15/1988
Fund without Sales Charge (%) (NAV) 3.42 6.68 6.65 10.41 8.89
Fund with Sales Charge (%) (POP) 3.42 6.68 6.65 10.41 8.89
S&P 500 Index (%) 8.19 9.87 9.23 12.65 10.22
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/15/1988
Fund without Sales Charge (%) (NAV) 25.85 11.91 9.36 11.47 9.30
Fund with Sales Charge (%) (POP) 25.85 11.91 9.36 11.47 9.30
S&P 500 Index (%) 31.49 15.28 11.70 13.56 10.57

After-Tax Average Annual Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.11 5.22 5.18 9.18
Fund without Sales Charge (%) (NAV) After Shares Sold 3.07 5.11 5.06 8.41
Fund with Sales Charge (%) (POP) Before Shares Sold 2.11 5.22 5.18 9.18
Fund with Sales Charge (%) (POP) After Shares Sold 3.07 5.11 5.06 8.41
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 24.27 10.39 7.84 10.22
Fund without Sales Charge (%) (NAV) After Shares Sold 16.36 9.13 7.14 9.25
Fund with Sales Charge (%) (POP) Before Shares Sold 24.27 10.39 7.84 10.22
Fund with Sales Charge (%) (POP) After Shares Sold 16.36 9.13 7.14 9.25

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013
Fund without Sales Charge (%) (NAV) 25.85 -4.33 16.41 12.20 -0.53 9.50 29.84
Fund with Sales Charge (%) (POP) 25.85 -4.33 16.41 12.20 -0.53 9.50 29.84
S&P 500 Index (%) 31.49 -4.38 21.83 11.96 1.38 13.69 32.39

Cumulative Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/15/1988
Fund without Sales Charge (%) (NAV) -7.47 -10.04 3.42 21.40 37.94 169.29 1,421.12
Fund with Sales Charge (%) (POP) -7.47 -10.04 3.42 21.40 37.94 169.29 1,421.12
S&P 500 Index (%) -5.50 -8.27 8.19 32.62 55.49 229.18 2,141.68
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/15/1988
Fund without Sales Charge (%) (NAV) 6.93 25.85 25.85 40.16 56.42 196.24 1,590.84
Fund with Sales Charge (%) (POP) 6.93 25.85 25.85 40.16 56.42 196.24 1,590.84
S&P 500 Index (%) 9.07 31.49 31.49 53.17 73.86 256.66 2,343.73

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 11.71 11.00 11.73
Standard Deviation (S&P 500 Index) 12.98 12.26 12.65
Beta 0.88 0.88 0.91
Sharpe Ratio 0.43 0.51 0.84
Information Ratio -1.02 -0.93 -0.88
Tracking Error 3.12 2.79 2.54

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

Gross Expense Ratio 0.54%
Net Expense Ratio [further-information] 0.52%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 02/29/2020 Updated Monthly, based on a 3-year period

Beta 0.88
Sharpe Ratio 0.43
Standard Deviation 11.71

Benchmarks

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

  • S&P 500 Index