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) 25.22 11.29 8.72 10.77 8.51
Fund with Sales Charge (%) (POP) 25.22 11.29 8.72 10.77 8.51
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) 25.22 11.29 8.72 10.77 8.51
Fund with Sales Charge (%) (POP) 25.22 11.29 8.72 10.77 8.51
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 23.81 9.92 7.35 9.67
Fund without Sales Charge (%) (NAV) After Shares Sold 15.88 8.65 6.66 8.70
Fund with Sales Charge (%) (POP) Before Shares Sold 23.81 9.92 7.35 9.67
Fund with Sales Charge (%) (POP) After Shares Sold 15.88 8.65 6.66 8.70
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 23.81 9.92 7.35 9.67
Fund without Sales Charge (%) (NAV) After Shares Sold 15.88 8.65 6.66 8.70
Fund with Sales Charge (%) (POP) Before Shares Sold 23.81 9.92 7.35 9.67
Fund with Sales Charge (%) (POP) After Shares Sold 15.88 8.65 6.66 8.70

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
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) 6.81 25.22 25.22 37.83 51.91 178.03 1,240.66
Fund with Sales Charge (%) (POP) 6.81 25.22 25.22 37.83 51.91 178.03 1,240.66
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) 6.81 25.22 25.22 37.83 51.91 178.03 1,240.66
Fund with Sales Charge (%) (POP) 6.81 25.22 25.22 37.83 51.91 178.03 1,240.66
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) 10.18 10.36 11.33
Standard Deviation (S&P 500 Index) 11.93 11.88 12.40
Beta 0.83 0.85 0.90
Sharpe Ratio 0.95 0.74 0.90
Information Ratio -1.28 -1.08 -1.10
Tracking Error 3.13 2.76 2.53

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

Gross Expense Ratio 1.10%
Net Expense Ratio [further-information] 1.09%
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 0.95
Standard Deviation 10.18

Benchmarks

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

  • S&P 500 Index