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 08/31/1948
Fund without Sales Charge (%) (NAV) -6.20 1.15 3.06 6.26 9.88
Fund with Sales Charge (%) (POP) -6.20 1.15 3.06 6.26 9.88
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) 0.52 5.12 6.75 9.09
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 08/31/1948
Fund without Sales Charge (%) (NAV) -6.20 1.15 3.06 6.26 9.88
Fund with Sales Charge (%) (POP) -6.20 1.15 3.06 6.26 9.88
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) 0.52 5.12 6.75 9.09
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 -8.20 -0.88 1.00 4.16
Fund without Sales Charge (%) (NAV) After Shares Sold -3.50 0.18 1.60 4.19
Fund with Sales Charge (%) (POP) Before Shares Sold -8.20 -0.88 1.00 4.16
Fund with Sales Charge (%) (POP) After Shares Sold -3.50 0.18 1.60 4.19
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -8.20 -0.88 1.00 4.16
Fund without Sales Charge (%) (NAV) After Shares Sold -3.50 0.18 1.60 4.19
Fund with Sales Charge (%) (POP) Before Shares Sold -8.20 -0.88 1.00 4.16
Fund with Sales Charge (%) (POP) After Shares Sold -3.50 0.18 1.60 4.19

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 16.02 -5.22 8.62 16.61 -7.75 3.86 14.50 14.48 2.51 13.15
Fund with Sales Charge (%) (POP) 16.02 -5.22 8.62 16.61 -7.75 3.86 14.50 14.48 2.51 13.15
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) 17.28 -1.61 12.18 12.88 -0.68 9.42 14.90 10.21 10.74 13.53
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 08/31/1948
Fund without Sales Charge (%) (NAV) 7.92 -9.87 -6.20 3.50 16.25 83.50 86,854.10
Fund with Sales Charge (%) (POP) 7.92 -9.87 -6.20 3.50 16.25 83.50 86,854.10
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) 9.27 -5.20 0.52 16.17 38.62 138.71
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 08/31/1948
Fund without Sales Charge (%) (NAV) 7.92 -9.87 -6.20 3.50 16.25 83.50 86,854.10
Fund with Sales Charge (%) (POP) 7.92 -9.87 -6.20 3.50 16.25 83.50 86,854.10
Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index (%) 9.27 -5.20 0.52 16.17 38.62 138.71
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) 10.81 10.07 9.31
Standard Deviation (Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index) 9.31 8.17 7.34
Beta 1.11 1.15 1.18
Sharpe Ratio -0.05 0.19 0.61
Information Ratio -1.18 -0.98 -0.77
Tracking Error 3.36 3.75 3.68

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

Gross Expense Ratio 0.47%
Net Expense Ratio [further-information] 0.47%
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 1.11
Sharpe Ratio -0.05
Standard Deviation 10.81

Benchmarks

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

  • Blended 50% MSCI USA High Dividend Yield Index + 25% Bloomberg Barclays High Yield Very Liquid Index + 25% Bloomberg Barclays US Aggregate Index
  • S&P 500 Index