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 08/31/1948
Fund without Sales Charge (%) (NAV) -11.41 -1.01 1.41 5.17 10.12
Fund with Sales Charge (%) (POP) -11.41 -1.01 1.41 5.17 10.12
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) -5.85 2.73 4.67 7.76
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 08/31/1948
Fund without Sales Charge (%) (NAV) -11.41 -1.01 1.41 5.17 10.12
Fund with Sales Charge (%) (POP) -11.41 -1.01 1.41 5.17 10.12
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) -5.85 2.73 4.67 7.76
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 -13.19 -2.97 -0.61 3.09
Fund without Sales Charge (%) (NAV) After Shares Sold -6.41 -1.35 0.42 3.35
Fund with Sales Charge (%) (POP) Before Shares Sold -13.19 -2.97 -0.61 3.09
Fund with Sales Charge (%) (POP) After Shares Sold -6.41 -1.35 0.42 3.35
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -13.19 -2.97 -0.61 3.09
Fund without Sales Charge (%) (NAV) After Shares Sold -6.41 -1.35 0.42 3.35
Fund with Sales Charge (%) (POP) Before Shares Sold -13.19 -2.97 -0.61 3.09
Fund with Sales Charge (%) (POP) After Shares Sold -6.41 -1.35 0.42 3.35

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013
Fund without Sales Charge (%) (NAV) 16.08 -5.17 8.67 16.68 -7.68 3.94 13.98
Fund with Sales Charge (%) (POP) 16.08 -5.17 8.67 16.68 -7.68 3.94 13.98
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) 17.28 -1.61 12.18 12.88 -0.68 9.42 14.90
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 08/31/1948
Fund without Sales Charge (%) (NAV) -16.04 -16.04 -11.41 -3.01 7.23 65.54 99,326.33
Fund with Sales Charge (%) (POP) -16.04 -16.04 -11.41 -3.01 7.23 65.54 99,326.33
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) -13.24 -13.24 -5.85 8.40 25.67 111.22
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 08/31/1948
Fund without Sales Charge (%) (NAV) -16.04 -16.04 -11.41 -3.01 7.23 65.54 99,326.33
Fund with Sales Charge (%) (POP) -16.04 -16.04 -11.41 -3.01 7.23 65.54 99,326.33
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) -13.24 -13.24 -5.85 8.40 25.67 111.22
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) 10.15 9.84 9.36
Standard Deviation (Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index) 8.46 7.73 7.25
Beta 1.16 1.20 1.21
Sharpe Ratio -0.27 0.03 0.49
Information Ratio -1.25 -0.91 -0.72
Tracking Error 2.99 3.59 3.61

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

Gross Expense Ratio 0.41%
Net Expense Ratio [further-information] 0.40%
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 1.16
Sharpe Ratio -0.27
Standard Deviation 10.15

Benchmarks

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

  • Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index
  • S&P 500 Index