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 07/01/1949
Fund without Sales Charge (%) (NAV) -10.55 -3.69 -0.53 5.50 9.72
Fund with Sales Charge (%) (POP) -11.38 -3.69 -0.53 5.50 9.72
S&P 500 Index (%) 12.84 10.23 9.86 13.15
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 07/01/1949
Fund without Sales Charge (%) (NAV) -21.45 -6.91 -2.24 3.75 9.58
Fund with Sales Charge (%) (POP) -22.18 -6.91 -2.24 3.75 9.58
S&P 500 Index (%) -6.98 5.10 6.72 10.53

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 -12.05 -5.08 -2.03 4.55
Fund without Sales Charge (%) (NAV) After Shares Sold -4.78 -2.61 -0.32 4.44
Fund with Sales Charge (%) (POP) Before Shares Sold -12.88 -5.08 -2.03 4.55
Fund with Sales Charge (%) (POP) After Shares Sold -5.27 -2.61 -0.32 4.44
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -22.77 -8.25 -3.72 2.82
Fund without Sales Charge (%) (NAV) After Shares Sold -11.18 -4.84 -1.46 3.12
Fund with Sales Charge (%) (POP) Before Shares Sold -23.50 -8.25 -3.72 2.82
Fund with Sales Charge (%) (POP) After Shares Sold -11.61 -4.84 -1.46 3.12

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 21.93 -9.87 7.37 14.77 -4.79 6.56 26.82 13.97 -2.44 10.62
Fund with Sales Charge (%) (POP) 20.93 -10.72 6.37 13.77 -5.67 5.56 25.82 12.97 -3.40 9.62
S&P 500 Index (%) 31.49 -4.38 21.83 11.96 1.38 13.69 32.39 16.00 2.11 15.06

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 07/01/1949
Fund without Sales Charge (%) (NAV) -9.60 -21.12 -10.55 -10.68 -2.60 70.85 72,024.19
Fund with Sales Charge (%) (POP) -10.50 -21.91 -11.38 -10.68 -2.60 70.85 72,024.19
S&P 500 Index (%) 3.59 -4.97 12.84 33.95 60.05 244.08
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 07/01/1949
Fund without Sales Charge (%) (NAV) -29.21 -29.21 -21.45 -19.32 -10.72 44.53 64,633.73
Fund with Sales Charge (%) (POP) -29.91 -29.91 -22.18 -19.32 -10.72 44.53 64,633.73
S&P 500 Index (%) -19.60 -19.60 -6.98 16.11 38.47 172.10

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 05/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 17.53 15.07 13.29
Standard Deviation (S&P 500 Index) 16.71 14.68 13.51
Beta 0.99 0.97 0.94
Sharpe Ratio -0.31 -0.11 0.37
Information Ratio -2.50 -2.08 -1.80
Tracking Error 5.57 5.00 4.24

ADDITIONAL RISK STATISTICSAs of 05/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.80 0.76 0.79
Beta Bear 1.19 1.16 1.14
Bull Bear Capture Ratio 0.54 0.59 0.68
% of Positive Months 61.11 61.67 64.17
Gains/Losses 0.90 1.04 1.45
Maximum Drawdown
29.21 29.21 29.21

SALES CHARGE, EXPENSES & FEES As of 05/01/2020 (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 05/31/2020 Updated Monthly, based on a 3-year period

Beta 0.99
Sharpe Ratio -0.31
Standard Deviation 17.53

Benchmarks

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

  • S&P 500 Index