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 03/15/1988
Fund without Sales Charge (%) (NAV) 2.15 5.28 5.81 9.73 7.98
Fund with Sales Charge (%) (POP) 2.15 5.28 5.81 9.73 7.98
Russell 1000 Value Index (%) -1.64 2.60 4.36 9.84 9.62
S&P 500 Index (%) 12.84 10.23 9.86 13.15 10.26
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 03/15/1988
Fund without Sales Charge (%) (NAV) -12.43 0.94 3.24 7.53 7.57
Fund with Sales Charge (%) (POP) -12.43 0.94 3.24 7.53 7.57
Russell 1000 Value Index (%) -17.17 -2.18 1.90 7.67 9.20
S&P 500 Index (%) -6.98 5.10 6.72 10.53 9.74

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 0.79 3.92 4.45 8.63
Fund without Sales Charge (%) (NAV) After Shares Sold 2.11 4.02 4.40 7.87
Fund with Sales Charge (%) (POP) Before Shares Sold 0.79 3.92 4.45 8.63
Fund with Sales Charge (%) (POP) After Shares Sold 2.11 4.02 4.40 7.87
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -13.60 -0.36 1.90 6.44
Fund without Sales Charge (%) (NAV) After Shares Sold -6.44 0.83 2.53 6.07
Fund with Sales Charge (%) (POP) Before Shares Sold -13.60 -0.36 1.90 6.44
Fund with Sales Charge (%) (POP) After Shares Sold -6.44 0.83 2.53 6.07

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 25.22 -4.86 15.68 11.50 -1.15 8.80 29.02 11.57 1.20 15.48
Fund with Sales Charge (%) (POP) 25.22 -4.86 15.68 11.50 -1.15 8.80 29.02 11.57 1.20 15.48
Russell 1000 Value Index (%) 26.54 -8.27 13.66 17.34 -3.83 13.45 32.53 17.51 0.39 15.51
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 05/31/2020

Month EndAs of 05/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/15/1988
Fund without Sales Charge (%) (NAV) -1.56 -11.56 2.15 16.70 32.61 153.13 1,085.72
Fund with Sales Charge (%) (POP) -1.56 -11.56 2.15 16.70 32.61 153.13 1,085.72
Russell 1000 Value Index (%) -4.61 -15.70 -1.64 8.02 23.77 155.77 1,829.56
S&P 500 Index (%) 3.59 -4.97 12.84 33.95 60.05 244.08 2,222.26
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 03/15/1988
Fund without Sales Charge (%) (NAV) -22.77 -22.77 -12.43 2.86 17.30 106.65 935.36
Fund with Sales Charge (%) (POP) -22.77 -22.77 -12.43 2.86 17.30 106.65 935.36
Russell 1000 Value Index (%) -26.73 -26.73 -17.17 -6.39 9.89 109.31 1,577.09
S&P 500 Index (%) -19.60 -19.60 -6.98 16.11 38.47 172.10 1,864.81

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 15.67 13.55 12.55
Standard Deviation (Russell 1000 Value Index) 17.84 15.52 14.09
Beta 0.87 0.86 0.87
Sharpe Ratio 0.20 0.37 0.76
Information Ratio 0.99 0.51 -0.10
Tracking Error 3.04 2.98 2.94

SALES CHARGE, EXPENSES & FEES As of 03/01/2020 (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 0.87
Sharpe Ratio 0.20
Standard Deviation 15.67

Benchmarks

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

  • Russell 1000 Value Index
  • S&P 500 Index