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 08/15/2003
Fund without Sales Charge (%) (NAV) 3.24 6.90 7.07 10.80 7.67
Fund with Sales Charge (%) (POP) 3.24 6.90 7.07 10.80 7.67
S&P 500 Index (%) 7.51 10.73 10.72 13.99 9.21
MSCI World Index (%) 3.40 7.29 7.50 10.57 8.17
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/15/2003
Fund without Sales Charge (%) (NAV) 3.24 6.90 7.07 10.80 7.67
Fund with Sales Charge (%) (POP) 3.24 6.90 7.07 10.80 7.67
S&P 500 Index (%) 7.51 10.73 10.72 13.99 9.21
MSCI World Index (%) 3.40 7.29 7.50 10.57 8.17

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 1.32 5.14 5.47 9.71
Fund without Sales Charge (%) (NAV) After Shares Sold 3.33 5.30 5.40 8.84
Fund with Sales Charge (%) (POP) Before Shares Sold 1.32 5.14 5.47 9.71
Fund with Sales Charge (%) (POP) After Shares Sold 3.33 5.30 5.40 8.84
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.32 5.14 5.47 9.71
Fund without Sales Charge (%) (NAV) After Shares Sold 3.33 5.30 5.40 8.84
Fund with Sales Charge (%) (POP) Before Shares Sold 1.32 5.14 5.47 9.71
Fund with Sales Charge (%) (POP) After Shares Sold 3.33 5.30 5.40 8.84

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 26.24 -6.78 20.50
Fund with Sales Charge (%) (POP) 26.24 -6.78 20.50
S&P 500 Index (%) 31.49 -4.38 21.83
MSCI World Index (%) 28.40 -8.20 23.07

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 08/15/2003
Fund without Sales Charge (%) (NAV) 20.09 -3.97 3.24 22.17 40.72 178.88 248.06
Fund with Sales Charge (%) (POP) 20.09 -3.97 3.24 22.17 40.72 178.88 248.06
S&P 500 Index (%) 20.54 -3.08 7.51 35.77 66.45 270.31 342.19
MSCI World Index (%) 19.54 -5.48 3.40 23.51 43.57 173.09 276.30
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/15/2003
Fund without Sales Charge (%) (NAV) 20.09 -3.97 3.24 22.17 40.72 178.88 248.06
Fund with Sales Charge (%) (POP) 20.09 -3.97 3.24 22.17 40.72 178.88 248.06
S&P 500 Index (%) 20.54 -3.08 7.51 35.77 66.45 270.31 342.19
MSCI World Index (%) 19.54 -5.48 3.40 23.51 43.57 173.09 276.30

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 16.66 14.81 13.85
Standard Deviation (S&P 500 Index) 16.71 14.63 13.36
Alpha -3.44 -3.38 -3.17
Beta 0.99 0.99 1.01
Sharpe Ratio 0.31 0.39 0.72
Information Ratio -1.68 -1.36 -1.22
Tracking Error 2.33 2.81 2.81
R-Squared 0.98 0.96 0.96

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

3 YR 5 YR 10 YR
Beta Bull 0.99 0.92 1.00
Beta Bear 1.05 0.99 1.02
Bull Bear Capture Ratio 0.85 0.84 0.85
% of Positive Months 75.00 73.33 67.50
Gains/Losses 1.46 1.51 1.84
Maximum Drawdown
20.03 20.03 20.03

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

Gross Expense Ratio 0.74%
Net Expense Ratio [further-information] 0.71%
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
Sharpe Ratio 0.31
Standard Deviation 16.66

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