Average Annual Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/26/1980
Fund without Sales Charge (%) (NAV) -3.58 -0.06 1.36 5.18 10.47
Fund with Sales Charge (%) (POP) -4.52 -0.06 1.36 5.18 10.47
MSCI World Index (%) 5.23 7.84 6.48 9.36
Bloomberg Barclays US Corporate High Yield Index (%) 6.10 4.86 5.19 7.27
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/26/1980
Fund without Sales Charge (%) (NAV) 11.26 2.81 3.18 5.84 10.71
Fund with Sales Charge (%) (POP) 10.26 2.81 3.18 5.84 10.71
MSCI World Index (%) 28.40 13.21 9.36 10.08
Bloomberg Barclays US Corporate High Yield Index (%) 14.32 6.37 6.13 7.57

After-Tax Average Annual Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -4.33 -1.79 -0.51 2.88
Fund without Sales Charge (%) (NAV) After Shares Sold -1.90 -0.44 0.52 3.51
Fund with Sales Charge (%) (POP) Before Shares Sold -5.28 -1.79 -0.51 2.88
Fund with Sales Charge (%) (POP) After Shares Sold -2.46 -0.44 0.52 3.51
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 10.39 1.02 1.27 3.53
Fund without Sales Charge (%) (NAV) After Shares Sold 6.87 1.68 1.86 3.98
Fund with Sales Charge (%) (POP) Before Shares Sold 9.39 1.02 1.27 3.53
Fund with Sales Charge (%) (POP) After Shares Sold 6.28 1.68 1.86 3.98

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 11.26 -8.01 6.17 15.10 -6.49 2.42 24.74 11.42 -2.82 9.08
Fund with Sales Charge (%) (POP) 10.26 -8.83 5.17 14.10 -7.39 1.53 23.74 10.42 -3.74 8.08
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 02/29/2020

Month EndAs of 02/29/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) -4.26 -6.48 -3.58 -0.17 7.00 65.72 4,976.15
Fund with Sales Charge (%) (POP) -5.19 -7.42 -4.52 -0.17 7.00 65.72 4,976.15
MSCI World Index (%) -6.18 -8.94 5.23 25.41 36.91 144.61
Bloomberg Barclays US Corporate High Yield Index (%) 0.59 -1.38 6.10 15.30 28.82 101.69
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) 3.64 11.26 11.26 8.67 16.95 76.47 5,328.00
Fund with Sales Charge (%) (POP) 2.64 10.26 10.26 8.67 16.95 76.47 5,328.00
MSCI World Index (%) 8.68 28.40 28.40 45.06 56.39 161.31
Bloomberg Barclays US Corporate High Yield Index (%) 2.61 14.32 14.32 20.34 34.66 107.47

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 9.23 8.89 9.49
Standard Deviation (MSCI World Index) 12.30 12.02 13.18
Beta 0.68 0.67 0.67
Sharpe Ratio -0.19 0.03 0.49
Information Ratio -1.42 -0.92 -0.75
Tracking Error 5.56 5.57 5.58

ADDITIONAL RISK STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.65 0.59 0.60
Beta Bear 0.84 0.84 0.80
Bull Bear Capture Ratio 0.55 0.68 0.82
% of Positive Months 58.33 65.00 64.17
Gains/Losses 1.03 1.16 1.54
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 02/29/2020 Updated Monthly, based on a 3-year period

Beta 0.68
Sharpe Ratio -0.19
Standard Deviation 9.23

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