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 08/15/2003
Fund without Sales Charge (%) (NAV) 18.18 6.07 5.01 7.61 6.68
Fund with Sales Charge (%) (POP) 18.18 6.07 5.01 7.61 6.68
S&P 500 Index (%) 31.49 15.28 11.70 13.56 9.71
MSCI World Index (%) 28.40 13.21 9.36 10.08 8.80
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/15/2003
Fund without Sales Charge (%) (NAV) 18.18 6.07 5.01 7.61 6.68
Fund with Sales Charge (%) (POP) 18.18 6.07 5.01 7.61 6.68
S&P 500 Index (%) 31.49 15.28 11.70 13.56 9.71
MSCI World Index (%) 28.40 13.21 9.36 10.08 8.80

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 17.10 5.14 4.15 6.72
Fund without Sales Charge (%) (NAV) After Shares Sold 11.22 4.44 3.68 5.94
Fund with Sales Charge (%) (POP) Before Shares Sold 17.10 5.14 4.15 6.72
Fund with Sales Charge (%) (POP) After Shares Sold 11.22 4.44 3.68 5.94
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 17.10 5.14 4.15 6.72
Fund without Sales Charge (%) (NAV) After Shares Sold 11.22 4.44 3.68 5.94
Fund with Sales Charge (%) (POP) Before Shares Sold 17.10 5.14 4.15 6.72
Fund with Sales Charge (%) (POP) After Shares Sold 11.22 4.44 3.68 5.94

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 18.18 -9.57 11.67
Fund with Sales Charge (%) (POP) 18.18 -9.57 11.67
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 12/31/2019

Month EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/15/2003
Fund without Sales Charge (%) (NAV) 6.02 18.18 18.18 19.33 27.70 108.32 188.22
Fund with Sales Charge (%) (POP) 6.02 18.18 18.18 19.33 27.70 108.32 188.22
S&P 500 Index (%) 9.07 31.49 31.49 53.17 73.86 256.66 356.24
MSCI World Index (%) 8.68 28.40 28.40 45.06 56.39 161.31 298.12
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/15/2003
Fund without Sales Charge (%) (NAV) 6.02 18.18 18.18 19.33 27.70 108.32 188.22
Fund with Sales Charge (%) (POP) 6.02 18.18 18.18 19.33 27.70 108.32 188.22
S&P 500 Index (%) 9.07 31.49 31.49 53.17 73.86 256.66 356.24
MSCI World Index (%) 8.68 28.40 28.40 45.06 56.39 161.31 298.12

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 10.20 10.69 11.32
Standard Deviation (S&P 500 Index) 11.93 11.88 12.40
Alpha -5.86 -4.67 -3.86
Beta 0.80 0.84 0.86
Sharpe Ratio 0.42 0.35 0.60
Information Ratio -2.12 -1.57 -1.46
Tracking Error 4.42 4.37 4.23
R-Squared 0.87 0.87 0.88

ADDITIONAL RISK STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.78 0.80 0.85
Beta Bear 0.69 0.77 0.80
Bull Bear Capture Ratio 0.62 0.68 0.74
% of Positive Months 66.67 60.00 62.50
Gains/Losses 1.60 1.45 1.66
Maximum Drawdown
12.90 15.23 17.43

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

Gross Expense Ratio 0.67%
Net Expense Ratio [further-information] 0.66%
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 0.80
Sharpe Ratio 0.42
Standard Deviation 10.20

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