Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/26/1980
Fund without Sales Charge (%) (NAV) -10.74 -2.77 -0.40 4.95 11.02
Fund with Sales Charge (%) (POP) -15.64 -4.60 -1.52 4.36 10.86
MSCI World Index (%) 7.37 6.49 6.44 9.89
Bloomberg Barclays US Corporate High Yield Index (%) 1.32 3.04 4.27 6.71
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/26/1980
Fund without Sales Charge (%) (NAV) -20.47 -5.23 -1.70 3.54 10.84
Fund with Sales Charge (%) (POP) -24.85 -7.00 -2.80 2.95 10.68
MSCI World Index (%) -9.87 2.49 3.83 7.17
Bloomberg Barclays US Corporate High Yield Index (%) -6.94 0.76 2.78 5.64

After-Tax Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -11.69 -4.79 -2.53 2.45
Fund without Sales Charge (%) (NAV) After Shares Sold -5.99 -2.45 -0.79 3.38
Fund with Sales Charge (%) (POP) Before Shares Sold -16.53 -6.57 -3.63 1.87
Fund with Sales Charge (%) (POP) After Shares Sold -8.91 -3.80 -1.63 2.90
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -21.32 -7.19 -3.80 1.07
Fund without Sales Charge (%) (NAV) After Shares Sold -11.72 -4.16 -1.66 2.35
Fund with Sales Charge (%) (POP) Before Shares Sold -25.65 -8.92 -4.88 0.50
Fund with Sales Charge (%) (POP) After Shares Sold -14.33 -5.46 -2.47 1.89

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 05/31/2020

Month EndAs of 05/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) -10.34 -16.04 -10.74 -8.09 -1.99 62.15 6,224.62
Fund with Sales Charge (%) (POP) -15.24 -20.68 -15.64 -13.17 -7.38 53.22 5,874.50
MSCI World Index (%) 1.08 -7.95 7.37 20.78 36.62 156.92
Bloomberg Barclays US Corporate High Yield Index (%) -3.39 -4.73 1.32 9.41 23.26 91.48
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) -22.69 -22.69 -20.47 -14.88 -8.21 41.57 5,723.87
Fund with Sales Charge (%) (POP) -26.96 -26.96 -24.85 -19.56 -13.24 33.80 5,401.47
MSCI World Index (%) -20.93 -20.93 -9.87 7.67 20.69 99.91
Bloomberg Barclays US Corporate High Yield Index (%) -12.68 -12.68 -6.94 2.31 14.68 73.15

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 14.12 12.11 10.89
Standard Deviation (MSCI World Index) 16.02 14.32 13.79
Beta 0.81 0.76 0.72
Sharpe Ratio -0.33 -0.07 0.44
Information Ratio -1.60 -1.15 -0.90
Tracking Error 6.42 6.23 5.82

ADDITIONAL RISK STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.60 0.57 0.59
Beta Bear 1.20 1.13 1.02
Bull Bear Capture Ratio 0.51 0.62 0.78
Gains/Losses 0.89 1.08 1.54

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

Gross Expense Ratio 1.04%
Net Expense Ratio [further-information] 1.04%
Max Initial Sales Charge 5.50%
CDSC 1.00%

Volatility Measures [further-information] As of 06/30/2020 Updated Monthly, based on a 3-year period

Beta 0.81
Sharpe Ratio -0.33
Standard Deviation 14.12

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