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 03/31/1948
Fund without Sales Charge (%) (NAV) 15.56 16.69 11.76 13.97 10.44
Fund with Sales Charge (%) (POP) 15.56 16.69 11.76 13.97 10.44
S&P 500 Index (%) 14.33 14.92 10.78 13.70
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 03/31/1948
Fund without Sales Charge (%) (NAV) 4.05 15.20 12.23 13.58 10.44
Fund with Sales Charge (%) (POP) 4.05 15.20 12.23 13.58 10.44
S&P 500 Index (%) 4.25 13.40 10.84 13.24

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 15.09 15.90 11.07 13.55
Fund without Sales Charge (%) (NAV) After Shares Sold 9.48 12.99 9.23 11.70
Fund with Sales Charge (%) (POP) Before Shares Sold 15.09 15.90 11.07 13.55
Fund with Sales Charge (%) (POP) After Shares Sold 9.48 12.99 9.23 11.70
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.63 14.41 11.54 13.17
Fund without Sales Charge (%) (NAV) After Shares Sold 2.65 11.79 9.62 11.35
Fund with Sales Charge (%) (POP) Before Shares Sold 3.63 14.41 11.54 13.17
Fund with Sales Charge (%) (POP) After Shares Sold 2.65 11.79 9.62 11.35

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) -3.15 27.13 8.68 2.20 15.15 29.73 13.98 0.87 15.18 34.57
Fund with Sales Charge (%) (POP) -3.15 27.13 8.68 2.20 15.15 29.73 13.98 0.87 15.18 34.57
S&P 500 Index (%) -4.38 21.83 11.96 1.38 13.69 32.39 16.00 2.11 15.06 26.46

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 03/31/1948
Fund without Sales Charge (%) (NAV) 0.82 23.88 15.56 58.90 74.39 269.75 122,326.37
Fund with Sales Charge (%) (POP) 0.82 23.88 15.56 58.90 74.39 269.75 122,326.37
S&P 500 Index (%) 2.43 23.16 14.33 51.73 66.81 260.96
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/31/1948
Fund without Sales Charge (%) (NAV) 0.46 22.53 4.05 52.90 78.07 257.40 120,988.38
Fund with Sales Charge (%) (POP) 0.46 22.53 4.05 52.90 78.07 257.40 120,988.38
S&P 500 Index (%) 1.70 20.55 4.25 45.80 67.27 246.74

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 12.65 12.16 12.77
Standard Deviation (S&P 500 Index) 11.90 11.82 12.46
Beta 1.04 1.00 1.00
Sharpe Ratio 1.20 0.89 1.05
Information Ratio 0.64 0.35 0.10
Tracking Error 2.77 2.84 2.88

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

3 YR 5 YR 10 YR
Beta Bull 1.08 0.98 1.01
Beta Bear 1.18 1.09 1.05
Bull Bear Capture Ratio 1.08 1.06 1.02
% of Positive Months 77.78 68.33 67.50
Gains/Losses 2.67 2.11 2.26
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 10/31/2019 Updated Monthly, based on a 3-year period

Beta 1.04
Sharpe Ratio 1.20
Standard Deviation 12.65

Benchmarks

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

  • S&P 500 Index