Average Annual Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/26/1980
Fund without Sales Charge (%) (NAV) -1.38 3.09 2.55 5.86 10.64
Fund with Sales Charge (%) (POP) -2.27 3.09 2.55 5.86 10.64
MSCI World Index (%) 13.35 12.50 8.20 10.09
Bloomberg Barclays US Corporate High Yield Index (%) 8.38 6.03 5.18 7.78
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/26/1980
Fund without Sales Charge (%) (NAV) -5.30 3.33 2.65 5.88 10.68
Fund with Sales Charge (%) (POP) -6.15 3.33 2.65 5.88 10.68
MSCI World Index (%) 2.42 10.83 7.79 9.62
Bloomberg Barclays US Corporate High Yield Index (%) 6.36 6.07 5.37 7.94

After-Tax Average Annual Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -4.23 0.73 -0.02 3.60
Fund without Sales Charge (%) (NAV) After Shares Sold 0.25 1.69 1.22 4.05
Fund with Sales Charge (%) (POP) Before Shares Sold -5.12 0.73 -0.02 3.60
Fund with Sales Charge (%) (POP) After Shares Sold -0.28 1.69 1.22 4.05
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -8.15 0.99 0.09 3.62
Fund without Sales Charge (%) (NAV) After Shares Sold -2.05 1.89 1.30 4.06
Fund with Sales Charge (%) (POP) Before Shares Sold -8.99 0.99 0.09 3.62
Fund with Sales Charge (%) (POP) After Shares Sold -2.55 1.89 1.30 4.06

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) -8.01 6.17 15.10 -6.49 2.42 24.74 11.42 -2.82 9.08 19.39
Fund with Sales Charge (%) (POP) -8.83 5.17 14.10 -7.39 1.53 23.74 10.42 -3.74 8.08 18.39
MSCI World Index (%) -8.20 23.07 8.15 -0.32 5.50 27.37 16.54 -5.02 12.34 30.79
Bloomberg Barclays US Corporate High Yield Index (%) -2.08 7.50 17.13 -4.47 2.45 7.44 15.81 4.98 15.12 58.21

Cumulative Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) -0.98 6.93 -1.38 9.54 13.39 76.72 5,116.73
Fund with Sales Charge (%) (POP) -1.97 5.93 -2.27 9.54 13.39 76.72 5,116.73
MSCI World Index (%) 2.71 21.19 13.35 42.33 48.26 161.53
Bloomberg Barclays US Corporate High Yield Index (%) 1.04 11.71 8.38 19.20 28.74 111.50
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) 0.30 7.36 -5.30 10.34 13.97 76.99 5,137.44
Fund with Sales Charge (%) (POP) -0.70 6.36 -6.15 10.34 13.97 76.99 5,137.44
MSCI World Index (%) 0.66 18.15 2.42 36.11 45.51 150.48
Bloomberg Barclays US Corporate High Yield Index (%) 1.33 11.41 6.36 19.33 29.91 114.71

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 8.55 8.51 9.28
Standard Deviation (MSCI World Index) 11.05 11.56 12.95
Beta 0.68 0.66 0.66
Sharpe Ratio 0.18 0.18 0.57
Information Ratio -1.74 -1.02 -0.74
Tracking Error 5.42 5.55 5.69

ADDITIONAL RISK STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.63 0.59 0.59
Beta Bear 0.89 0.86 0.80
Bull Bear Capture Ratio 0.57 0.69 0.84
% of Positive Months 63.89 65.00 65.00
Gains/Losses 1.35 1.29 1.63
Maximum Drawdown
12.44 13.14 15.18

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

Gross Expense Ratio 1.78%
Net Expense Ratio [further-information] 1.78%
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 0.68
Sharpe Ratio 0.18
Standard Deviation 8.55

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