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 11/17/2004
Fund without Sales Charge (%) (NAV) -4.30 -0.41 0.19 1.14 2.26
Fund with Sales Charge (%) (POP) -6.43 -1.17 -0.26 0.91 2.11
Bloomberg Barclays US Government & Credit (1-3 Year) Index (%) 4.53 2.58 1.90 1.62 2.52
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 11/17/2004
Fund without Sales Charge (%) (NAV) -4.30 -0.41 0.19 1.14 2.26
Fund with Sales Charge (%) (POP) -6.43 -1.17 -0.26 0.91 2.11
Bloomberg Barclays US Government & Credit (1-3 Year) Index (%) 4.53 2.58 1.90 1.62 2.52

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 -5.64 -1.58 -0.85 0.12
Fund without Sales Charge (%) (NAV) After Shares Sold -2.50 -0.78 -0.29 0.47
Fund with Sales Charge (%) (POP) Before Shares Sold -7.74 -2.33 -1.30 -0.11
Fund with Sales Charge (%) (POP) After Shares Sold -3.76 -1.35 -0.63 0.29
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -5.64 -1.58 -0.85 0.12
Fund without Sales Charge (%) (NAV) After Shares Sold -2.50 -0.78 -0.29 0.47
Fund with Sales Charge (%) (POP) Before Shares Sold -7.74 -2.33 -1.30 -0.11
Fund with Sales Charge (%) (POP) After Shares Sold -3.76 -1.35 -0.63 0.29

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 4.48 0.59 1.22 2.67 -0.59 1.01 1.22 4.08 0.60 4.79
Fund with Sales Charge (%) (POP) 2.12 -1.62 -1.09 0.40 -2.82 -1.23 -1.10 1.76 -1.69 2.47
Bloomberg Barclays US Government & Credit (1-3 Year) Index (%) 4.03 1.60 0.84 1.28 0.65 0.77 0.65 1.26 1.59 2.80

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 11/17/2004
Fund without Sales Charge (%) (NAV) -6.45 -6.45 -4.30 -1.23 0.98 12.02 41.02
Fund with Sales Charge (%) (POP) -8.54 -8.54 -6.43 -3.48 -1.28 9.47 37.85
Bloomberg Barclays US Government & Credit (1-3 Year) Index (%) 1.69 1.69 4.53 7.95 9.85 17.47 46.50
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 11/17/2004
Fund without Sales Charge (%) (NAV) -6.45 -6.45 -4.30 -1.23 0.98 12.02 41.02
Fund with Sales Charge (%) (POP) -8.54 -8.54 -6.43 -3.48 -1.28 9.47 37.85
Bloomberg Barclays US Government & Credit (1-3 Year) Index (%) 1.69 1.69 4.53 7.95 9.85 17.47 46.50

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 4.19 3.34 2.65
Standard Deviation (Bloomberg Barclays US Government & Credit (1-3 Year) Index) 1.01 0.94 0.81
Sharpe Ratio -0.51 -0.27 0.21
Information Ratio -0.70 -0.50 -0.18
Tracking Error 4.26 3.41 2.64

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

3 YR 5 YR 10 YR
Beta Bull 0.11 0.03 0.40
Beta Bear 0.54 0.43 0.79
Bull Bear Capture Ratio -9.96 0.39 0.83
% of Positive Months 66.67 65.00 72.50
Gains/Losses 0.88 1.12 1.70
Maximum Drawdown
7.17 7.17 7.17

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

Gross Expense Ratio 0.96%
Net Expense Ratio [further-information] 0.71%
Max Initial Sales Charge 2.25%
CDSC 1.00%

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

Sharpe Ratio -0.51
Standard Deviation 4.19

Benchmarks

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

  • Bloomberg Barclays US Government & Credit (1-3 Year) Index