Average Annual Total Returns [further-information] As of 10/31/2020

Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares.
Month EndAs of 10/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/15/2003
Fund without Sales Charge (%) (NAV) 7.79 6.99 8.68 9.75 7.85
Fund with Sales Charge (%) (POP) 7.79 6.99 8.68 9.75 7.85
S&P 500 Index (%) 9.71 10.42 11.71 13.01 9.39
MSCI World Index (%) 4.91 6.54 8.73 9.24 8.30
Quarter EndAs of 09/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/15/2003
Fund without Sales Charge (%) (NAV) 12.02 8.34 10.61 10.39 8.04
Fund with Sales Charge (%) (POP) 12.02 8.34 10.61 10.39 8.04
S&P 500 Index (%) 15.15 12.28 14.14 13.74 9.61
MSCI World Index (%) 10.99 8.33 11.09 9.99 8.53

After-Tax Average Annual Total Returns [further-information] As of 10/31/2020

Month EndAs of 10/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.79 5.23 7.05 8.67
Fund without Sales Charge (%) (NAV) After Shares Sold 5.95 5.29 6.64 7.88
Fund with Sales Charge (%) (POP) Before Shares Sold 5.79 5.23 7.05 8.67
Fund with Sales Charge (%) (POP) After Shares Sold 5.95 5.29 6.64 7.88
Quarter EndAs of 09/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 9.94 6.56 8.96 9.30
Fund without Sales Charge (%) (NAV) After Shares Sold 8.44 6.31 8.19 8.42
Fund with Sales Charge (%) (POP) Before Shares Sold 9.94 6.56 8.96 9.30
Fund with Sales Charge (%) (POP) After Shares Sold 8.44 6.31 8.19 8.42

Calendar Year Returns

Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares.
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 10/31/2020

Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares.
Month EndAs of 10/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/15/2003
Fund without Sales Charge (%) (NAV) 0.41 1.36 7.79 22.46 51.62 153.53 267.37
Fund with Sales Charge (%) (POP) 0.41 1.36 7.79 22.46 51.62 153.53 267.37
S&P 500 Index (%) 0.37 2.77 9.71 34.64 73.97 239.87 368.86
MSCI World Index (%) -0.05 -0.98 4.91 20.95 52.00 142.11 294.21
Quarter EndAs of 09/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/15/2003
Fund without Sales Charge (%) (NAV) 7.94 3.66 12.02 27.17 65.60 168.70 275.70
Fund with Sales Charge (%) (POP) 7.94 3.66 12.02 27.17 65.60 168.70 275.70
S&P 500 Index (%) 8.93 5.57 15.15 41.55 93.80 262.44 381.67
MSCI World Index (%) 8.05 2.12 10.99 27.13 69.23 159.07 306.58

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 10/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 17.25 14.49 13.53
Standard Deviation (S&P 500 Index) 17.61 14.49 13.22
Alpha -2.90 -2.65 -3.09
Beta 0.97 0.98 1.00
Sharpe Ratio 0.32 0.51 0.66
Information Ratio -1.38 -1.13 -1.22
Tracking Error 2.50 2.80 2.85
R-Squared 0.98 0.96 0.96

ADDITIONAL RISK STATISTICSAs of 10/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.96 0.93 0.97
Beta Bear 1.06 1.01 1.02
Bull Bear Capture Ratio 0.87 0.87 0.84
% of Positive Months 72.22 73.33 66.67
Gains/Losses 1.44 1.65 1.76
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 10/31/2020 Updated Monthly, based on a 3-year period

Beta 0.97
Sharpe Ratio 0.32
Standard Deviation 17.25

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