Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 08/15/2003
Fund without Sales Charge (%) (NAV) -1.59 9.05 6.35 9.14 6.71
Fund with Sales Charge (%) (POP) -2.51 9.05 6.35 9.14 6.71
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) -1.59 9.05 6.35 9.14 6.71
Fund with Sales Charge (%) (POP) -2.51 9.05 6.35 9.14 6.71
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 09/30/2019

Month EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -3.14 7.85 5.11 8.45
Fund without Sales Charge (%) (NAV) After Shares Sold 0.14 7.00 4.85 7.45
Fund with Sales Charge (%) (POP) Before Shares Sold -4.06 7.85 5.11 8.45
Fund with Sales Charge (%) (POP) After Shares Sold -0.40 7.00 4.85 7.45
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -3.14 7.85 5.11 8.45
Fund without Sales Charge (%) (NAV) After Shares Sold 0.14 7.00 4.85 7.45
Fund with Sales Charge (%) (POP) Before Shares Sold -4.06 7.85 5.11 8.45
Fund with Sales Charge (%) (POP) After Shares Sold -0.40 7.00 4.85 7.45

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) -7.76 19.20 6.82 -1.92 5.69 30.09 14.04 -3.67 12.39 31.80
Fund with Sales Charge (%) (POP) -8.64 18.20 5.82 -2.85 4.69 29.09 13.04 -4.63 11.39 30.80
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 09/30/2019

Month 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) -0.74 15.87 -1.59 29.70 36.06 139.78 185.11
Fund with Sales Charge (%) (POP) -1.73 14.87 -2.51 29.70 36.06 139.78 185.11
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) -0.74 15.87 -1.59 29.70 36.06 139.78 185.11
Fund with Sales Charge (%) (POP) -1.73 14.87 -2.51 29.70 36.06 139.78 185.11
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) 11.86 12.01 12.93
Standard Deviation (S&P 500 Index) 11.90 11.82 12.46
Alpha -3.82 -3.81 -3.78
Beta 0.97 0.99 1.01
Sharpe Ratio 0.73 0.45 0.70
Information Ratio -1.86 -1.54 -1.46
Tracking Error 2.52 2.81 2.84
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 1.00 0.98 1.00
Bull Bear Capture Ratio 0.80 0.78 0.81
% of Positive Months 80.56 70.00 66.67
Gains/Losses 2.00 1.56 1.78
Maximum Drawdown
15.07 15.07 19.15

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

Gross Expense Ratio 1.79%
Net Expense Ratio [further-information] 1.79%
Max Initial Sales Charge 0.00%
CDSC 1.00%

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

Beta 0.97
Alpha -3.82
Sharpe Ratio 0.73
R-Squared 0.96
Standard Deviation 11.86

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