Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/15/2003
Fund without Sales Charge (%) (NAV) -9.57 -1.87 1.24 6.25 5.17
Fund with Sales Charge (%) (POP) -14.57 -3.70 0.10 5.65 4.82
S&P 500 Index (%) 7.51 10.73 10.72 13.99 9.21
MSCI World Index (%) 3.40 7.29 7.50 10.57 8.17
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/15/2003
Fund without Sales Charge (%) (NAV) -9.57 -1.87 1.24 6.25 5.17
Fund with Sales Charge (%) (POP) -14.57 -3.70 0.10 5.65 4.82
S&P 500 Index (%) 7.51 10.73 10.72 13.99 9.21
MSCI World Index (%) 3.40 7.29 7.50 10.57 8.17

After-Tax Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -11.65 -3.18 0.10 5.25
Fund without Sales Charge (%) (NAV) After Shares Sold -4.78 -1.58 0.80 4.88
Fund with Sales Charge (%) (POP) Before Shares Sold -16.54 -4.98 -1.02 4.66
Fund with Sales Charge (%) (POP) After Shares Sold -7.79 -2.95 -0.06 4.38
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -11.65 -3.18 0.10 5.25
Fund without Sales Charge (%) (NAV) After Shares Sold -4.78 -1.58 0.80 4.88
Fund with Sales Charge (%) (POP) Before Shares Sold -16.54 -4.98 -1.02 4.66
Fund with Sales Charge (%) (POP) After Shares Sold -7.79 -2.95 -0.06 4.38

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 17.81 -9.82 11.20 13.52 -6.18 2.92 23.64 16.76 -1.95 10.61
Fund with Sales Charge (%) (POP) 11.29 -14.80 4.82 7.00 -11.56 -3.03 16.53 10.08 -7.60 4.25
S&P 500 Index (%) 31.49 -4.38 21.83 11.96 1.38 13.69 32.39 16.00 2.11 15.06
MSCI World Index (%) 28.40 -8.20 23.07 8.15 -0.32 5.50 27.37 16.54 -5.02 12.34

Cumulative Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/15/2003
Fund without Sales Charge (%) (NAV) 9.89 -14.78 -9.57 -5.50 6.34 83.39 134.06
Fund with Sales Charge (%) (POP) 3.86 -19.47 -14.57 -10.70 0.52 73.29 121.23
S&P 500 Index (%) 20.54 -3.08 7.51 35.77 66.45 270.31 342.19
MSCI World Index (%) 19.54 -5.48 3.40 23.51 43.57 173.09 276.30
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/15/2003
Fund without Sales Charge (%) (NAV) 9.89 -14.78 -9.57 -5.50 6.34 83.39 134.06
Fund with Sales Charge (%) (POP) 3.86 -19.47 -14.57 -10.70 0.52 73.29 121.23
S&P 500 Index (%) 20.54 -3.08 7.51 35.77 66.45 270.31 342.19
MSCI World Index (%) 19.54 -5.48 3.40 23.51 43.57 173.09 276.30

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 14.48 13.03 12.30
Standard Deviation (S&P 500 Index) 16.71 14.63 13.36
Alpha -10.15 -7.30 -5.30
Beta 0.82 0.84 0.87
Sharpe Ratio -0.24 0.01 0.46
Information Ratio -2.29 -1.89 -1.72
Tracking Error 5.49 5.02 4.50
R-Squared 0.90 0.88 0.89

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

3 YR 5 YR 10 YR
Correlation Coefficient 0.95 0.94 0.94
Beta Bull 0.66 0.68 0.77
Beta Bear 0.90 0.90 0.91
Bull Bear Capture Ratio 0.53 0.60 0.68
% of Positive Months 58.33 61.67 62.50
Gains/Losses 0.96 1.14 1.53
Maximum Drawdown
22.45 22.45 22.45

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

Gross Expense Ratio 1.01%
Net Expense Ratio [further-information] 1.01%
Max Initial Sales Charge 5.50%
CDSC

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

Beta 0.82
Sharpe Ratio -0.24
Standard Deviation 14.48

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