Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/15/2003
Fund without Sales Charge (%) (NAV) 7.64 6.18 6.23 10.05 7.55
Fund with Sales Charge (%) (POP) 7.64 6.18 6.23 10.05 7.55
S&P 500 Index (%) 12.84 10.23 9.86 13.15 9.13
MSCI World Index (%) 7.37 6.49 6.44 9.89 8.04
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/15/2003
Fund without Sales Charge (%) (NAV) -10.91 1.75 3.19 7.47 6.59
Fund with Sales Charge (%) (POP) -10.91 1.75 3.19 7.47 6.59
S&P 500 Index (%) -6.98 5.10 6.72 10.53 8.13
MSCI World Index (%) -9.87 2.49 3.83 7.17 7.14

After-Tax Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.56 4.70 4.75 9.09
Fund without Sales Charge (%) (NAV) After Shares Sold 6.13 4.76 4.74 8.21
Fund with Sales Charge (%) (POP) Before Shares Sold 5.56 4.70 4.75 9.09
Fund with Sales Charge (%) (POP) After Shares Sold 6.13 4.76 4.74 8.21
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -12.64 0.32 1.75 6.53
Fund without Sales Charge (%) (NAV) After Shares Sold -4.72 1.57 2.54 6.08
Fund with Sales Charge (%) (POP) Before Shares Sold -12.64 0.32 1.75 6.53
Fund with Sales Charge (%) (POP) After Shares Sold -4.72 1.57 2.54 6.08

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 26.10 -6.85 20.40 7.90 -0.96 6.79 31.38 15.11 -2.67 13.56
Fund with Sales Charge (%) (POP) 26.10 -6.85 20.40 7.90 -0.96 6.79 31.38 15.11 -2.67 13.56
S&P 500 Index (%) 31.49 -4.38 21.83 11.96 1.38 13.69 32.39 16.00 2.11 15.06
MSCI World Index (%) 28.40 -8.20 23.07 8.15 -0.32 5.50 27.37 16.54 -5.02 12.34

Cumulative Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/15/2003
Fund without Sales Charge (%) (NAV) 1.67 -6.03 7.64 19.73 35.28 160.56 239.66
Fund with Sales Charge (%) (POP) 1.67 -6.03 7.64 19.73 35.28 160.56 239.66
S&P 500 Index (%) 3.59 -4.97 12.84 33.95 60.05 244.08 333.56
MSCI World Index (%) 1.08 -7.95 7.37 20.78 36.62 156.92 266.45
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/15/2003
Fund without Sales Charge (%) (NAV) -20.07 -20.07 -10.91 5.33 16.98 105.44 188.90
Fund with Sales Charge (%) (POP) -20.07 -20.07 -10.91 5.33 16.98 105.44 188.90
S&P 500 Index (%) -19.60 -19.60 -6.98 16.11 38.47 172.10 266.83
MSCI World Index (%) -20.93 -20.93 -9.87 7.67 20.69 99.91 214.78

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 16.68 14.82 13.85
Standard Deviation (S&P 500 Index) 16.71 14.63 13.36
Alpha -3.48 -3.31 -2.99
Beta 0.99 0.99 1.02
Sharpe Ratio 0.31 0.40 0.74
Information Ratio -1.70 -1.33 -1.15
Tracking Error 2.32 2.80 2.79
R-Squared 0.98 0.96 0.96

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

3 YR 5 YR 10 YR
Correlation Coefficient 0.99 0.98 0.98
Beta Bull 0.99 0.92 1.00
Beta Bear 1.05 0.99 1.03
Bull Bear Capture Ratio 0.85 0.84 0.85
Gains/Losses 1.46 1.52 1.86

SALES CHARGE, EXPENSES & FEES As of 05/01/2020 (updated annually)

Gross Expense Ratio 0.81%
Net Expense Ratio [further-information] 0.81%
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 0.99
Alpha -3.48
Sharpe Ratio 0.31
R-Squared 0.98
Standard Deviation 16.68

Benchmarks

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

  • S&P 500 Index
  • MSCI World Index