Average Annual Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/26/1980
Fund without Sales Charge (%) (NAV) -2.84 0.70 2.12 5.94 11.40
Fund with Sales Charge (%) (POP) -8.17 -1.18 0.97 5.35 11.24
MSCI World Index (%) 5.23 7.84 6.48 9.36
Bloomberg Barclays US Corporate High Yield Index (%) 6.10 4.86 5.19 7.27
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/26/1980
Fund without Sales Charge (%) (NAV) 12.14 3.57 3.95 6.61 11.64
Fund with Sales Charge (%) (POP) 5.99 1.64 2.79 6.01 11.47
MSCI World Index (%) 28.40 13.21 9.36 10.08
Bloomberg Barclays US Corporate High Yield Index (%) 14.32 6.37 6.13 7.57

After-Tax Average Annual Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -3.87 -1.39 -0.07 3.41
Fund without Sales Charge (%) (NAV) After Shares Sold -1.38 0.03 0.99 4.04
Fund with Sales Charge (%) (POP) Before Shares Sold -9.14 -3.23 -1.18 2.83
Fund with Sales Charge (%) (POP) After Shares Sold -4.55 -1.39 0.12 3.55
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 10.96 1.43 1.73 4.07
Fund without Sales Charge (%) (NAV) After Shares Sold 7.47 2.14 2.34 4.51
Fund with Sales Charge (%) (POP) Before Shares Sold 4.87 -0.46 0.59 3.48
Fund with Sales Charge (%) (POP) After Shares Sold 3.81 0.67 1.44 4.01

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 12.14 -7.36 6.95 16.04 -5.85 3.11 25.61 12.21 -2.10 9.86
Fund with Sales Charge (%) (POP) 5.99 -12.45 0.83 9.38 -11.27 -2.83 18.40 5.77 -7.72 3.57
MSCI World Index (%) 28.40 -8.20 23.07 8.15 -0.32 5.50 27.37 16.54 -5.02 12.34
Bloomberg Barclays US Corporate High Yield Index (%) 14.32 -2.08 7.50 17.13 -4.47 2.45 7.44 15.81 4.98 15.12

Cumulative Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) -4.07 -6.36 -2.84 2.11 11.05 78.09 6,953.96
Fund with Sales Charge (%) (POP) -9.33 -11.54 -8.17 -3.51 4.96 68.33 6,563.47
MSCI World Index (%) -6.18 -8.94 5.23 25.41 36.91 144.61
Bloomberg Barclays US Corporate High Yield Index (%) 0.59 -1.38 6.10 15.30 28.82 101.69
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) 3.84 12.14 12.14 11.11 21.40 89.74 7,432.94
Fund with Sales Charge (%) (POP) -1.86 5.99 5.99 5.01 14.74 79.27 7,015.93
MSCI World Index (%) 8.68 28.40 28.40 45.06 56.39 161.31
Bloomberg Barclays US Corporate High Yield Index (%) 2.61 14.32 14.32 20.34 34.66 107.47

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 9.26 8.93 9.50
Standard Deviation (MSCI World Index) 12.30 12.02 13.18
Beta 0.68 0.67 0.67
Sharpe Ratio -0.11 0.12 0.56
Information Ratio -1.29 -0.78 -0.61
Tracking Error 5.55 5.56 5.59

ADDITIONAL RISK STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.65 0.60 0.60
Beta Bear 0.84 0.84 0.80
Bull Bear Capture Ratio 0.59 0.74 0.87
% of Positive Months 58.33 65.00 64.17
Gains/Losses 1.10 1.24 1.62
Maximum Drawdown
12.18 12.69 14.94

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

Gross Expense Ratio 1.03%
Net Expense Ratio [further-information] 1.03%
Max Initial Sales Charge 5.50%
CDSC 1.00%

Volatility Measures [further-information] As of 02/29/2020 Updated Monthly, based on a 3-year period

Beta 0.68
Sharpe Ratio -0.11
Standard Deviation 9.26

Benchmarks

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

  • MSCI World Index
  • Bloomberg Barclays US Corporate High Yield Index