Average Annual Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 08/15/2003
Fund without Sales Charge (%) (NAV) 9.59 11.05 7.24 10.36 7.54
Fund with Sales Charge (%) (POP) 3.58 8.96 6.03 9.74 7.17
S&P 500 Index (%) 14.33 14.92 10.78 13.70 9.37
MSCI World Index (%) 13.35 12.50 8.20 10.09 8.51
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 08/15/2003
Fund without Sales Charge (%) (NAV) -0.91 9.87 7.13 9.93 7.47
Fund with Sales Charge (%) (POP) -6.35 7.82 5.93 9.31 7.10
S&P 500 Index (%) 4.25 13.40 10.84 13.24 9.28
MSCI World Index (%) 2.42 10.83 7.79 9.62 8.38

After-Tax Average Annual Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 7.69 9.64 5.82 9.52
Fund without Sales Charge (%) (NAV) After Shares Sold 6.92 8.52 5.51 8.47
Fund with Sales Charge (%) (POP) Before Shares Sold 1.79 7.59 4.63 8.90
Fund with Sales Charge (%) (POP) After Shares Sold 3.30 6.87 4.54 7.93
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -2.63 8.48 5.71 9.09
Fund without Sales Charge (%) (NAV) After Shares Sold 0.62 7.60 5.44 8.11
Fund with Sales Charge (%) (POP) Before Shares Sold -7.97 6.45 4.53 8.48
Fund with Sales Charge (%) (POP) After Shares Sold -2.66 5.99 4.47 7.57

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) -7.10 20.07 7.64 -1.20 6.48 31.01 14.80 -2.90 13.13 32.74
Fund with Sales Charge (%) (POP) -12.23 13.17 1.48 -6.89 0.38 23.46 8.18 -8.51 6.59 25.05
S&P 500 Index (%) -4.38 21.83 11.96 1.38 13.69 32.39 16.00 2.11 15.06 26.46
MSCI World Index (%) -8.20 23.07 8.15 -0.32 5.50 27.37 16.54 -5.02 12.34 30.79

Cumulative Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/15/2003
Fund without Sales Charge (%) (NAV) 0.88 18.38 9.59 36.93 41.85 168.00 224.95
Fund with Sales Charge (%) (POP) -4.66 11.86 3.58 29.37 34.02 153.26 207.14
S&P 500 Index (%) 2.43 23.16 14.33 51.73 66.81 260.96 327.36
MSCI World Index (%) 2.71 21.19 13.35 42.33 48.26 161.53 275.75
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/15/2003
Fund without Sales Charge (%) (NAV) -0.62 16.49 -0.91 32.61 41.13 157.73 219.77
Fund with Sales Charge (%) (POP) -6.09 10.07 -6.35 25.33 33.40 143.64 202.24
S&P 500 Index (%) 1.70 20.55 4.25 45.80 67.27 246.74 318.30
MSCI World Index (%) 0.66 18.15 2.42 36.11 45.51 150.48 266.33

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 11.87 12.02 12.94
Standard Deviation (S&P 500 Index) 11.90 11.82 12.46
Alpha -3.09 -3.08 -3.08
Beta 0.98 0.99 1.01
Sharpe Ratio 0.80 0.52 0.76
Information Ratio -1.53 -1.25 -1.17
Tracking Error 2.53 2.82 2.85
R-Squared 0.96 0.95 0.95

ADDITIONAL RISK STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Correlation Coefficient 0.98 0.97 0.98
Beta Bull 0.97 0.94 1.01
Beta Bear 1.01 0.99 1.00
Bull Bear Capture Ratio 0.84 0.82 0.84
% of Positive Months 80.56 70.00 66.67
Gains/Losses 2.08 1.64 1.85
Maximum Drawdown
14.94 14.94 18.92

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

Gross Expense Ratio 1.04%
Net Expense Ratio [further-information] 1.04%
Max Initial Sales Charge 5.50%
CDSC

Volatility Measures [further-information] As of 10/31/2019 Updated Monthly, based on a 3-year period

Beta 0.98
Alpha -3.09
Sharpe Ratio 0.80
R-Squared 0.96
Standard Deviation 11.87

Benchmarks

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

  • S&P 500 Index
  • MSCI World Index