Average Annual Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 07/01/1949
Fund without Sales Charge (%) (NAV) -2.81 0.08 2.20 7.01 10.90
Fund with Sales Charge (%) (POP) -2.81 0.08 2.20 7.01 10.90
S&P 500 Index (%) 8.19 9.87 9.23 12.65
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 07/01/1949
Fund without Sales Charge (%) (NAV) 22.55 6.22 5.75 8.47 11.14
Fund with Sales Charge (%) (POP) 22.55 6.22 5.75 8.47 11.14
S&P 500 Index (%) 31.49 15.28 11.70 13.56

After-Tax Average Annual Total Returns [further-information] As of 02/29/2020

Month EndAs of 02/29/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -4.54 -1.53 0.51 5.92
Fund without Sales Charge (%) (NAV) After Shares Sold -0.23 0.10 1.63 5.62
Fund with Sales Charge (%) (POP) Before Shares Sold -4.54 -1.53 0.51 5.92
Fund with Sales Charge (%) (POP) After Shares Sold -0.23 0.10 1.63 5.62
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 20.37 4.51 4.00 7.36
Fund without Sales Charge (%) (NAV) After Shares Sold 14.76 4.64 4.23 6.76
Fund with Sales Charge (%) (POP) Before Shares Sold 20.37 4.51 4.00 7.36
Fund with Sales Charge (%) (POP) After Shares Sold 14.76 4.64 4.23 6.76

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 22.55 -9.41 7.96 15.31 -4.32 7.10 27.47 14.52 -1.94 11.18
Fund with Sales Charge (%) (POP) 22.55 -9.41 7.96 15.31 -4.32 7.10 27.47 14.52 -1.94 11.18
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 02/29/2020

Month EndAs of 02/29/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 07/01/1949
Fund without Sales Charge (%) (NAV) -10.17 -12.66 -2.81 0.25 11.51 96.84 149,679.59
Fund with Sales Charge (%) (POP) -10.17 -12.66 -2.81 0.25 11.51 96.84 149,679.59
S&P 500 Index (%) -5.50 -8.27 8.19 32.62 55.49 229.18
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 07/01/1949
Fund without Sales Charge (%) (NAV) 6.78 22.55 22.55 19.85 32.23 125.38 171,392.26
Fund with Sales Charge (%) (POP) 6.78 22.55 22.55 19.85 32.23 125.38 171,392.26
S&P 500 Index (%) 9.07 31.49 31.49 53.17 73.86 256.66

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 12.67 11.79 11.77
Standard Deviation (S&P 500 Index) 12.98 12.26 12.65
Beta 0.92 0.91 0.89
Sharpe Ratio -0.13 0.09 0.55
Information Ratio -2.34 -1.74 -1.54
Tracking Error 4.18 4.03 3.66

ADDITIONAL RISK STATISTICSAs of 02/29/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.91 0.80 0.83
Beta Bear 0.79 0.87 0.90
Bull Bear Capture Ratio 0.57 0.66 0.75
% of Positive Months 58.33 61.67 64.17
Gains/Losses 1.06 1.21 1.60
Maximum Drawdown
12.93 13.45 17.88

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

Gross Expense Ratio 1.27%
Net Expense Ratio [further-information] 1.27%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 02/29/2020 Updated Monthly, based on a 3-year period

Beta 0.92
Sharpe Ratio -0.13
Standard Deviation 12.67

Benchmarks

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

  • S&P 500 Index