Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/31/1948
Fund without Sales Charge (%) (NAV) -3.56 8.13 8.02 10.93 10.21
Fund with Sales Charge (%) (POP) -3.56 8.13 8.02 10.93 10.21
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/31/1948
Fund without Sales Charge (%) (NAV) -3.56 8.13 8.02 10.93 10.21
Fund with Sales Charge (%) (POP) -3.56 8.13 8.02 10.93 10.21

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -4.91 7.23 7.08 10.38
Fund without Sales Charge (%) (NAV) After Shares Sold -0.89 6.35 6.25 9.03
Fund with Sales Charge (%) (POP) Before Shares Sold -4.91 7.23 7.08 10.38
Fund with Sales Charge (%) (POP) After Shares Sold -0.89 6.35 6.25 9.03
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -4.91 7.23 7.08 10.38
Fund without Sales Charge (%) (NAV) After Shares Sold -0.89 6.35 6.25 9.03
Fund with Sales Charge (%) (POP) Before Shares Sold -4.91 7.23 7.08 10.38
Fund with Sales Charge (%) (POP) After Shares Sold -0.89 6.35 6.25 9.03

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 32.52 -3.15 27.13 8.68 2.20 15.15 29.73 13.98 0.87 15.18
Fund with Sales Charge (%) (POP) 32.52 -3.15 27.13 8.68 2.20 15.15 29.73 13.98 0.87 15.18
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 03/31/2020

Month EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/31/1948
Fund without Sales Charge (%) (NAV) -16.11 -16.11 -3.56 26.42 47.08 182.04 109,766.77
Fund with Sales Charge (%) (POP) -16.11 -16.11 -3.56 26.42 47.08 182.04 109,766.77
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/31/1948
Fund without Sales Charge (%) (NAV) -16.11 -16.11 -3.56 26.42 47.08 182.04 109,766.77
Fund with Sales Charge (%) (POP) -16.11 -16.11 -3.56 26.42 47.08 182.04 109,766.77

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 15.16 13.60 13.26
Standard Deviation (S&P 500 Index) 15.00 13.54 13.24
Beta 0.99 0.98 0.98
Sharpe Ratio 0.42 0.51 0.78
Information Ratio 1.04 0.44 0.14
Tracking Error 2.91 2.91 2.94

ADDITIONAL RISK STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.11 0.99 1.00
Beta Bear 1.05 1.01 1.00
Bull Bear Capture Ratio 1.14 1.07 1.03
Gains/Losses 1.57 1.62 1.90

SALES CHARGE, EXPENSES & FEES As of 02/01/2020 (updated annually)

Gross Expense Ratio 0.59%
Net Expense Ratio [further-information] 0.59%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 03/31/2020 Updated Monthly, based on a 3-year period

Beta 0.99
Sharpe Ratio 0.42
Standard Deviation 15.16

Benchmarks

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

  • S&P 500 Index