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 12/31/1969
Fund without Sales Charge (%) (NAV) 1.12 2.45 2.98 5.74 7.47
Fund with Sales Charge (%) (POP) 1.12 2.45 2.98 5.74 7.47
ICE BofAML US High Yield Constrained Index (%) 0.30 2.63 4.05 6.50
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/31/1969
Fund without Sales Charge (%) (NAV) -6.29 0.40 1.86 4.80 7.34
Fund with Sales Charge (%) (POP) -6.29 0.40 1.86 4.80 7.34
Credit Suisse High Yield Index (%) -8.43 0.07 2.40 5.30

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 -1.17 0.06 0.44 3.03
Fund without Sales Charge (%) (NAV) After Shares Sold 0.68 0.85 1.12 3.27
Fund with Sales Charge (%) (POP) Before Shares Sold -1.17 0.06 0.44 3.03
Fund with Sales Charge (%) (POP) After Shares Sold 0.68 0.85 1.12 3.27
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -8.44 -1.95 -0.67 2.11
Fund without Sales Charge (%) (NAV) After Shares Sold -3.60 -0.62 0.33 2.58
Fund with Sales Charge (%) (POP) Before Shares Sold -8.44 -1.95 -0.67 2.11
Fund with Sales Charge (%) (POP) After Shares Sold -3.60 -0.62 0.33 2.58

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 14.45 -3.57 6.85 19.41 -10.06 -0.25 7.79 15.26 4.71 13.86
Fund with Sales Charge (%) (POP) 14.45 -3.57 6.85 19.41 -10.06 -0.25 7.79 15.26 4.71 13.86
ICE BofAML US High Yield Constrained Index (%) 14.41 -2.27 7.48 17.49 -4.61 2.51 7.41 15.55 4.37 15.04

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 12/31/1969
Fund without Sales Charge (%) (NAV) -3.03 -4.74 1.12 7.54 15.81 74.73 3,680.16
Fund with Sales Charge (%) (POP) -3.03 -4.74 1.12 7.54 15.81 74.73 3,680.16
ICE BofAML US High Yield Constrained Index (%) -4.26 -5.74 0.30 8.11 21.98 87.66
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/31/1969
Fund without Sales Charge (%) (NAV) -11.61 -11.61 -6.29 1.21 9.65 59.85 3,407.46
Fund with Sales Charge (%) (POP) -11.61 -11.61 -6.29 1.21 9.65 59.85 3,407.46
Credit Suisse High Yield Index (%) -13.88 -13.88 -8.43 0.22 12.58 67.63

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 8.10 8.25 7.37
Standard Deviation (ICE BofAML US High Yield Constrained Index) 8.73 7.91 7.00
Beta 0.92 1.01 1.02
Sharpe Ratio 0.14 0.30 0.69
Information Ratio -0.07 -0.47 -0.46
Tracking Error 1.47 2.06 1.71

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

3 YR 5 YR 10 YR
Beta Bull 0.98 1.03 1.02
Beta Bear 0.83 0.83 0.85
Bull Bear Capture Ratio 0.99 0.88 0.88
Gains/Losses 1.43 1.47 1.83

SALES CHARGE, EXPENSES & FEES As of 10/01/2019 (updated annually)

Gross Expense Ratio 0.62%
Net Expense Ratio [further-information] 0.61%
Max Initial Sales Charge 0.00%
CDSC

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

Beta 0.92
Sharpe Ratio 0.14
Standard Deviation 8.10

Benchmarks

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

  • ICE BofAML US High Yield Constrained Index