Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/31/1948
Fund without Sales Charge (%) (NAV) 12.96 14.25 12.78 14.69 10.50
Fund with Sales Charge (%) (POP) 12.96 14.25 12.78 14.69 10.50
S&P 500 Index (%) 7.51 10.73 10.72 13.99
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/31/1948
Fund without Sales Charge (%) (NAV) 12.96 14.25 12.78 14.69 10.50
Fund with Sales Charge (%) (POP) 12.96 14.25 12.78 14.69 10.50
S&P 500 Index (%) 7.51 10.73 10.72 13.99

After-Tax Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 11.38 13.30 11.80 14.12
Fund without Sales Charge (%) (NAV) After Shares Sold 8.64 11.05 10.02 12.31
Fund with Sales Charge (%) (POP) Before Shares Sold 11.38 13.30 11.80 14.12
Fund with Sales Charge (%) (POP) After Shares Sold 8.64 11.05 10.02 12.31
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 11.38 13.30 11.80 14.12
Fund without Sales Charge (%) (NAV) After Shares Sold 8.64 11.05 10.02 12.31
Fund with Sales Charge (%) (POP) Before Shares Sold 11.38 13.30 11.80 14.12
Fund with Sales Charge (%) (POP) After Shares Sold 8.64 11.05 10.02 12.31

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 06/30/2020

Month EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/31/1948
Fund without Sales Charge (%) (NAV) 23.94 3.98 12.96 49.12 82.48 293.65 136,065.85
Fund with Sales Charge (%) (POP) 23.94 3.98 12.96 49.12 82.48 293.65 136,065.85
S&P 500 Index (%) 20.54 -3.08 7.51 35.77 66.45 270.31
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/31/1948
Fund without Sales Charge (%) (NAV) 23.94 3.98 12.96 49.12 82.48 293.65 136,065.85
Fund with Sales Charge (%) (POP) 23.94 3.98 12.96 49.12 82.48 293.65 136,065.85
S&P 500 Index (%) 20.54 -3.08 7.51 35.77 66.45 270.31

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 17.07 14.89 13.51
Standard Deviation (S&P 500 Index) 16.71 14.63 13.36
Beta 1.01 1.00 0.99
Sharpe Ratio 0.74 0.78 1.04
Information Ratio 1.15 0.69 0.23
Tracking Error 3.05 2.98 3.01

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

3 YR 5 YR 10 YR
Beta Bull 1.10 1.02 1.02
Beta Bear 1.05 1.00 1.00
Bull Bear Capture Ratio 1.14 1.10 1.05
% of Positive Months 72.22 73.33 68.33
Gains/Losses 1.93 1.97 2.30
Maximum Drawdown
17.60 17.60 17.60

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 06/30/2020 Updated Monthly, based on a 3-year period

Beta 1.01
Sharpe Ratio 0.74
Standard Deviation 17.07

Benchmarks

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

  • S&P 500 Index