Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/31/1948
Fund without Sales Charge (%) (NAV) 32.52 17.73 12.63 13.62 10.52
Fund with Sales Charge (%) (POP) 32.52 17.73 12.63 13.62 10.52
S&P 500 Index (%) 31.49 15.28 11.70 13.56
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/31/1948
Fund without Sales Charge (%) (NAV) 32.52 17.73 12.63 13.62 10.52
Fund with Sales Charge (%) (POP) 32.52 17.73 12.63 13.62 10.52
S&P 500 Index (%) 31.49 15.28 11.70 13.56

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 30.69 16.74 11.64 13.06
Fund without Sales Charge (%) (NAV) After Shares Sold 20.49 13.89 9.91 11.36
Fund with Sales Charge (%) (POP) Before Shares Sold 30.69 16.74 11.64 13.06
Fund with Sales Charge (%) (POP) After Shares Sold 20.49 13.89 9.91 11.36
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 30.69 16.74 11.64 13.06
Fund without Sales Charge (%) (NAV) After Shares Sold 20.49 13.89 9.91 11.36
Fund with Sales Charge (%) (POP) Before Shares Sold 30.69 16.74 11.64 13.06
Fund with Sales Charge (%) (POP) After Shares Sold 20.49 13.89 9.91 11.36

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 12/31/2019

Month EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/31/1948
Fund without Sales Charge (%) (NAV) 8.15 32.52 32.52 63.16 81.23 258.50 130,859.61
Fund with Sales Charge (%) (POP) 8.15 32.52 32.52 63.16 81.23 258.50 130,859.61
S&P 500 Index (%) 9.07 31.49 31.49 53.17 73.86 256.66
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/31/1948
Fund without Sales Charge (%) (NAV) 8.15 32.52 32.52 63.16 81.23 258.50 130,859.61
Fund with Sales Charge (%) (POP) 8.15 32.52 32.52 63.16 81.23 258.50 130,859.61
S&P 500 Index (%) 9.07 31.49 31.49 53.17 73.86 256.66

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 12.74 12.20 12.68
Standard Deviation (S&P 500 Index) 11.93 11.88 12.40
Beta 1.05 1.00 1.00
Sharpe Ratio 1.26 0.95 1.03
Information Ratio 0.91 0.33 0.02
Tracking Error 2.71 2.84 2.84

ADDITIONAL RISK STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.09 0.99 1.01
Beta Bear 1.18 1.12 1.05
Bull Bear Capture Ratio 1.11 1.06 1.01
% of Positive Months 77.78 70.00 67.50
Gains/Losses 2.76 2.20 2.23
Maximum Drawdown
15.09 15.09 15.88

SALES CHARGE, EXPENSES & FEES As of 02/01/2019 (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 12/31/2019 Updated Monthly, based on a 3-year period

Beta 1.05
Sharpe Ratio 1.26
Standard Deviation 12.74

Benchmarks

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

  • S&P 500 Index