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 12/31/1969
Fund without Sales Charge (%) (NAV) -0.52 2.44 3.23 5.23 6.55
Fund with Sales Charge (%) (POP) -0.52 2.44 3.23 5.23 6.55
ICE BofA US High Yield Constrained Index (%) -1.17 2.92 4.57 6.46
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/31/1969
Fund without Sales Charge (%) (NAV) -0.52 2.44 3.23 5.23 6.55
Fund with Sales Charge (%) (POP) -0.52 2.44 3.23 5.23 6.55
ICE BofA US High Yield Constrained Index (%) -1.17 2.92 4.57 6.46

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 -2.50 0.31 0.95 2.78
Fund without Sales Charge (%) (NAV) After Shares Sold -0.30 0.95 1.43 2.98
Fund with Sales Charge (%) (POP) Before Shares Sold -2.50 0.31 0.95 2.78
Fund with Sales Charge (%) (POP) After Shares Sold -0.30 0.95 1.43 2.98
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -2.50 0.31 0.95 2.78
Fund without Sales Charge (%) (NAV) After Shares Sold -0.30 0.95 1.43 2.98
Fund with Sales Charge (%) (POP) Before Shares Sold -2.50 0.31 0.95 2.78
Fund with Sales Charge (%) (POP) After Shares Sold -0.30 0.95 1.43 2.98

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 14.21 -4.00 6.77 18.53 -10.88 -0.73 7.15 15.08 4.14 13.17
Fund with Sales Charge (%) (POP) 14.21 -4.00 6.77 18.53 -10.88 -0.73 7.15 15.08 4.14 13.17
ICE BofA US High Yield Constrained Index (%) 14.41 -2.27 7.48 17.49 -4.61 2.51 7.41 15.55 4.37 15.04

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 12/31/1969
Fund without Sales Charge (%) (NAV) 9.15 -3.96 -0.52 7.50 17.23 66.49 2,364.26
Fund with Sales Charge (%) (POP) 9.15 -3.96 -0.52 7.50 17.23 66.49 2,364.26
ICE BofA US High Yield Constrained Index (%) 9.54 -4.84 -1.17 9.02 25.05 87.02
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/31/1969
Fund without Sales Charge (%) (NAV) 9.15 -3.96 -0.52 7.50 17.23 66.49 2,364.26
Fund with Sales Charge (%) (POP) 9.15 -3.96 -0.52 7.50 17.23 66.49 2,364.26
ICE BofA US High Yield Constrained Index (%) 9.54 -4.84 -1.17 9.02 25.05 87.02

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 8.29 8.25 7.45
Standard Deviation (ICE BofA US High Yield Constrained Index) 8.73 7.91 7.00
Beta 0.94 1.02 1.04
Sharpe Ratio 0.10 0.26 0.62
Information Ratio -0.39 -0.73 -0.77
Tracking Error 1.24 1.85 1.60

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

3 YR 5 YR 10 YR
Beta Bull 1.02 1.02 1.05
Beta Bear 0.86 0.86 0.87
Bull Bear Capture Ratio 0.95 0.85 0.85
% of Positive Months 63.89 61.67 66.67
Gains/Losses 1.37 1.42 1.75
Maximum Drawdown
12.01 12.99 18.63

SALES CHARGE, EXPENSES & FEES As of 10/01/2019 (updated annually)

Gross Expense Ratio 1.12%
Net Expense Ratio [further-information] 1.11%
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 0.94
Sharpe Ratio 0.10
Standard Deviation 8.29

Benchmarks

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

  • ICE BofA US High Yield Constrained Index