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 03/15/1988
Fund without Sales Charge (%) (NAV) 25.80 11.80 9.24 11.32 9.00
Fund with Sales Charge (%) (POP) 25.80 11.80 9.24 11.32 9.00
S&P 500 Index (%) 31.49 15.28 11.70 13.56 10.57
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/15/1988
Fund without Sales Charge (%) (NAV) 25.80 11.80 9.24 11.32 9.00
Fund with Sales Charge (%) (POP) 25.80 11.80 9.24 11.32 9.00
S&P 500 Index (%) 31.49 15.28 11.70 13.56 10.57

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 24.25 10.30 7.75 10.11
Fund without Sales Charge (%) (NAV) After Shares Sold 16.31 9.04 7.05 9.14
Fund with Sales Charge (%) (POP) Before Shares Sold 24.25 10.30 7.75 10.11
Fund with Sales Charge (%) (POP) After Shares Sold 16.31 9.04 7.05 9.14
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 24.25 10.30 7.75 10.11
Fund without Sales Charge (%) (NAV) After Shares Sold 16.31 9.04 7.05 9.14
Fund with Sales Charge (%) (POP) Before Shares Sold 24.25 10.30 7.75 10.11
Fund with Sales Charge (%) (POP) After Shares Sold 16.31 9.04 7.05 9.14

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 25.80 -4.46 16.26 12.03 -0.60 9.33 29.69 12.11 1.72 16.14
Fund with Sales Charge (%) (POP) 25.80 -4.46 16.26 12.03 -0.60 9.33 29.69 12.11 1.72 16.14
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 03/15/1988
Fund without Sales Charge (%) (NAV) 6.94 25.80 25.80 39.73 55.59 192.20 1,446.96
Fund with Sales Charge (%) (POP) 6.94 25.80 25.80 39.73 55.59 192.20 1,446.96
S&P 500 Index (%) 9.07 31.49 31.49 53.17 73.86 256.66 2,343.73
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/15/1988
Fund without Sales Charge (%) (NAV) 6.94 25.80 25.80 39.73 55.59 192.20 1,446.96
Fund with Sales Charge (%) (POP) 6.94 25.80 25.80 39.73 55.59 192.20 1,446.96
S&P 500 Index (%) 9.07 31.49 31.49 53.17 73.86 256.66 2,343.73

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 10.19 10.36 11.35
Standard Deviation (S&P 500 Index) 11.93 11.88 12.40
Beta 0.83 0.85 0.90
Sharpe Ratio 1.00 0.79 0.95
Information Ratio -1.11 -0.89 -0.88
Tracking Error 3.13 2.76 2.54

SALES CHARGE, EXPENSES & FEES As of 03/01/2019 (updated annually)

Gross Expense Ratio 0.60%
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 0.83
Sharpe Ratio 1.00
Standard Deviation 10.19

Benchmarks

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

  • S&P 500 Index