Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 07/01/1949
Fund without Sales Charge (%) (NAV) -20.55 -5.87 -1.14 4.91 12.41
Fund with Sales Charge (%) (POP) -20.55 -5.87 -1.14 4.91 12.41
S&P 500 Index (%) -6.98 5.10 6.72 10.53
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 07/01/1949
Fund without Sales Charge (%) (NAV) -20.55 -5.87 -1.14 4.91 12.41
Fund with Sales Charge (%) (POP) -20.55 -5.87 -1.14 4.91 12.41
S&P 500 Index (%) -6.98 5.10 6.72 10.53

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -22.06 -7.50 -2.90 3.73
Fund without Sales Charge (%) (NAV) After Shares Sold -10.42 -4.03 -0.63 4.07
Fund with Sales Charge (%) (POP) Before Shares Sold -22.06 -7.50 -2.90 3.73
Fund with Sales Charge (%) (POP) After Shares Sold -10.42 -4.03 -0.63 4.07
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -22.06 -7.50 -2.90 3.73
Fund without Sales Charge (%) (NAV) After Shares Sold -10.42 -4.03 -0.63 4.07
Fund with Sales Charge (%) (POP) Before Shares Sold -22.06 -7.50 -2.90 3.73
Fund with Sales Charge (%) (POP) After Shares Sold -10.42 -4.03 -0.63 4.07

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013
Fund without Sales Charge (%) (NAV) 23.26 -8.88 8.61 16.05 -3.71 7.72 28.26
Fund with Sales Charge (%) (POP) 23.26 -8.88 8.61 16.05 -3.71 7.72 28.26
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 03/31/2020

Month EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 07/01/1949
Fund without Sales Charge (%) (NAV) -29.00 -29.00 -20.55 -16.59 -5.59 61.52 391,978.88
Fund with Sales Charge (%) (POP) -29.00 -29.00 -20.55 -16.59 -5.59 61.52 391,978.88
S&P 500 Index (%) -19.60 -19.60 -6.98 16.11 38.47 172.10
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 07/01/1949
Fund without Sales Charge (%) (NAV) -29.00 -29.00 -20.55 -16.59 -5.59 61.52 391,978.88
Fund with Sales Charge (%) (POP) -29.00 -29.00 -20.55 -16.59 -5.59 61.52 391,978.88
S&P 500 Index (%) -19.60 -19.60 -6.98 16.11 38.47 172.10

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 16.64 14.50 13.19
Standard Deviation (S&P 500 Index) 15.00 13.54 13.24
Beta 1.05 1.01 0.95
Sharpe Ratio -0.46 -0.16 0.33
Information Ratio -2.07 -1.64 -1.36
Tracking Error 5.29 4.79 4.12

ADDITIONAL RISK STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.91 0.80 0.83
Beta Bear 1.19 1.16 1.11
Bull Bear Capture Ratio 0.57 0.65 0.75
% of Positive Months 58.33 61.67 63.33
Gains/Losses 0.79 1.00 1.40
Maximum Drawdown
29.00 29.00 29.00

SALES CHARGE, EXPENSES & FEES As of 05/01/2019 (updated annually)

Gross Expense Ratio 0.70%
Net Expense Ratio [further-information] 0.70%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 03/31/2020 Updated Monthly, based on a 3-year period

Beta 1.05
Sharpe Ratio -0.46
Standard Deviation 16.64

Benchmarks

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

  • S&P 500 Index