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 12/31/1996
Fund without Sales Charge (%) (NAV) 8.58 7.60 7.20 8.65 7.06
Fund with Sales Charge (%) (POP) 8.58 7.60 7.20 8.65 7.06
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/31/1996
Fund without Sales Charge (%) (NAV) 4.06 6.77 6.48 8.74 6.87
Fund with Sales Charge (%) (POP) 4.06 6.77 6.48 8.74 6.87
Blended Benchmark (%) 3.18 6.29 6.50 9.54 6.72
MSCI All Country World Index (%) 2.64 6.70 7.03 9.74 6.58
Bloomberg Barclays Multiverse Index (%) 3.84 3.71 3.63 2.96

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 5.07 5.16 5.25 7.25
Fund without Sales Charge (%) (NAV) After Shares Sold 7.32 5.63 5.40 6.84
Fund with Sales Charge (%) (POP) Before Shares Sold 5.07 5.16 5.25 7.25
Fund with Sales Charge (%) (POP) After Shares Sold 7.32 5.63 5.40 6.84
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 0.69 4.36 4.54 7.33
Fund without Sales Charge (%) (NAV) After Shares Sold 4.74 5.09 4.90 6.95
Fund with Sales Charge (%) (POP) Before Shares Sold 0.69 4.36 4.54 7.33
Fund with Sales Charge (%) (POP) After Shares Sold 4.74 5.09 4.90 6.95

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011
Fund without Sales Charge (%) (NAV) 22.30 -6.07 19.90 5.77 -1.27 5.38 21.46
Fund with Sales Charge (%) (POP) 22.30 -6.07 19.90 5.77 -1.27 5.38 21.46
Blended Benchmark (%) 23.16 -7.32 21.06 7.44 -2.00 7.61 22.74 13.98 -0.41
MSCI All Country World Index (%) 27.30 -8.93 24.62 8.49 -1.84 4.71 23.44 16.80 -6.86
Bloomberg Barclays Multiverse Index (%) 7.13 -1.36 7.69 2.84 -3.29 0.47 -2.19 4.84 5.55

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 12/31/1996
Fund without Sales Charge (%) (NAV) 11.50 2.19 8.58 24.57 41.56 129.30 399.10
Fund with Sales Charge (%) (POP) 11.50 2.19 8.58 24.57 41.56 129.30 399.10
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/31/1996
Fund without Sales Charge (%) (NAV) 16.44 -2.37 4.06 21.73 36.85 131.05 376.80
Fund with Sales Charge (%) (POP) 16.44 -2.37 4.06 21.73 36.85 131.05 376.80
Blended Benchmark (%) 16.15 -4.10 3.18 20.09 37.05 148.72 361.02
MSCI All Country World Index (%) 19.39 -5.99 2.64 21.48 40.47 153.31 347.45
Bloomberg Barclays Multiverse Index (%) 3.68 2.53 3.84 11.57 19.52 33.85

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 13.17 11.76 10.78
Standard Deviation (Blended Benchmark) 13.34 11.98 10.95
Alpha 0.60 0.01 -0.40
Beta 0.98 0.97 0.97
Sharpe Ratio 0.45 0.52 0.75
Information Ratio 0.28 -0.10 -0.36
Tracking Error 1.84 1.75 2.02
R-Squared 0.98 0.98 0.97

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

3 YR 5 YR 10 YR
Correlation Coefficient 0.99 0.99 0.98
Beta Bull 0.99 0.96 0.99
Beta Bear 1.02 1.02 1.05
Bull Bear Capture Ratio 1.03 1.00 0.98
Gains/Losses 1.62 1.66 1.89

SALES CHARGE, EXPENSES & FEES As of 05/01/2020 (updated annually)

Gross Expense Ratio 0.62%
Net Expense Ratio [further-information] 0.56%
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 0.98
Alpha 0.60
Sharpe Ratio 0.45
R-Squared 0.98
Standard Deviation 13.17

Benchmarks

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

  • Blended Benchmark
  • MSCI All Country World Index
  • Bloomberg Barclays Multiverse Index