Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 08/15/2003
Fund without Sales Charge (%) (NAV) -0.55 10.24 7.46 10.26 7.79
Fund with Sales Charge (%) (POP) -0.55 10.24 7.46 10.26 7.79
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 08/15/2003
Fund without Sales Charge (%) (NAV) -0.55 10.24 7.46 10.26 7.79
Fund with Sales Charge (%) (POP) -0.55 10.24 7.46 10.26 7.79
S&P 500 Index (%) 4.25 13.40 10.84 13.24 9.28
MSCI World Index (%) 2.42 10.83 7.79 9.62 8.38

After-Tax Average Annual Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -2.35 8.76 5.96 9.35
Fund without Sales Charge (%) (NAV) After Shares Sold 0.87 7.88 5.68 8.37
Fund with Sales Charge (%) (POP) Before Shares Sold -2.35 8.76 5.96 9.35
Fund with Sales Charge (%) (POP) After Shares Sold 0.87 7.88 5.68 8.37
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -2.35 8.76 5.96 9.35
Fund without Sales Charge (%) (NAV) After Shares Sold 0.87 7.88 5.68 8.37
Fund with Sales Charge (%) (POP) Before Shares Sold -2.35 8.76 5.96 9.35
Fund with Sales Charge (%) (POP) After Shares Sold 0.87 7.88 5.68 8.37

Calendar Year Returns

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

Cumulative Total Returns [further-information] As of 09/30/2019

Month EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/15/2003
Fund without Sales Charge (%) (NAV) -0.52 16.82 -0.55 33.96 43.33 165.50 235.39
Fund with Sales Charge (%) (POP) -0.52 16.82 -0.55 33.96 43.33 165.50 235.39
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/15/2003
Fund without Sales Charge (%) (NAV) -0.52 16.82 -0.55 33.96 43.33 165.50 235.39
Fund with Sales Charge (%) (POP) -0.52 16.82 -0.55 33.96 43.33 165.50 235.39
S&P 500 Index (%) 1.70 20.55 4.25 45.80 67.27 246.74 318.30
MSCI World Index (%) 0.66 18.15 2.42 36.11 45.51 150.48 266.33

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 11.88 12.03 12.95
Standard Deviation (S&P 500 Index) 11.90 11.82 12.46
Alpha -2.91 -2.98 -3.02
Beta 0.98 0.99 1.01
Sharpe Ratio 0.82 0.53 0.76
Information Ratio -1.44 -1.21 -1.15
Tracking Error 2.54 2.82 2.85
R-Squared 0.96 0.95 0.95

ADDITIONAL RISK STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.98 0.94 1.01
Beta Bear 1.01 0.98 1.00
Bull Bear Capture Ratio 0.85 0.83 0.85
% of Positive Months 80.56 70.00 66.67
Gains/Losses 2.10 1.65 1.85
Maximum Drawdown
14.88 14.88 18.92

SALES CHARGE, EXPENSES & FEES As of 05/01/2019 (updated annually)

Gross Expense Ratio 0.89%
Net Expense Ratio [further-information] 0.70%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 10/31/2019 Updated Monthly, based on a 3-year period

Beta 0.98
Sharpe Ratio 0.82
Standard Deviation 11.88

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