Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/26/1980
Fund without Sales Charge (%) (NAV) -20.69 -5.47 -1.94 3.30 10.25
Fund with Sales Charge (%) (POP) -20.69 -5.47 -1.94 3.30 10.25
MSCI World Index (%) -9.87 2.49 3.83 7.17
Bloomberg Barclays US Corporate High Yield Index (%) -6.94 0.76 2.78 5.64
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/26/1980
Fund without Sales Charge (%) (NAV) -20.69 -5.47 -1.94 3.30 10.25
Fund with Sales Charge (%) (POP) -20.69 -5.47 -1.94 3.30 10.25
MSCI World Index (%) -9.87 2.49 3.83 7.17
Bloomberg Barclays US Corporate High Yield Index (%) -6.94 0.76 2.78 5.64

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -21.47 -7.40 -4.00 0.86
Fund without Sales Charge (%) (NAV) After Shares Sold -11.87 -4.34 -1.83 2.18
Fund with Sales Charge (%) (POP) Before Shares Sold -21.47 -7.40 -4.00 0.86
Fund with Sales Charge (%) (POP) After Shares Sold -11.87 -4.34 -1.83 2.18
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -21.47 -7.40 -4.00 0.86
Fund without Sales Charge (%) (NAV) After Shares Sold -11.87 -4.34 -1.83 2.18
Fund with Sales Charge (%) (POP) Before Shares Sold -21.47 -7.40 -4.00 0.86
Fund with Sales Charge (%) (POP) After Shares Sold -11.87 -4.34 -1.83 2.18

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 11.88 -7.61 6.73 15.69 -6.03 2.94 25.34 11.99 -2.31 9.65
Fund with Sales Charge (%) (POP) 11.88 -7.61 6.73 15.69 -6.03 2.94 25.34 11.99 -2.31 9.65
MSCI World Index (%) 28.40 -8.20 23.07 8.15 -0.32 5.50 27.37 16.54 -5.02 12.34
Bloomberg Barclays US Corporate High Yield Index (%) 14.32 -2.08 7.50 17.13 -4.47 2.45 7.44 15.81 4.98 15.12

Cumulative Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) -22.78 -22.78 -20.69 -15.54 -9.33 38.40 4,632.70
Fund with Sales Charge (%) (POP) -22.78 -22.78 -20.69 -15.54 -9.33 38.40 4,632.70
MSCI World Index (%) -20.93 -20.93 -9.87 7.67 20.69 99.91
Bloomberg Barclays US Corporate High Yield Index (%) -12.68 -12.68 -6.94 2.31 14.68 73.15
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) -22.78 -22.78 -20.69 -15.54 -9.33 38.40 4,632.70
Fund with Sales Charge (%) (POP) -22.78 -22.78 -20.69 -15.54 -9.33 38.40 4,632.70
MSCI World Index (%) -20.93 -20.93 -9.87 7.67 20.69 99.91
Bloomberg Barclays US Corporate High Yield Index (%) -12.68 -12.68 -6.94 2.31 14.68 73.15

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 13.62 11.87 11.01
Standard Deviation (MSCI World Index) 14.61 13.45 13.79
Beta 0.85 0.80 0.74
Sharpe Ratio -0.53 -0.26 0.25
Information Ratio -1.35 -1.00 -0.68
Tracking Error 5.89 5.77 5.68

ADDITIONAL RISK STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.64 0.60 0.60
Beta Bear 1.20 1.12 0.98
Bull Bear Capture Ratio 0.51 0.62 0.79
Gains/Losses 0.73 0.91 1.33

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

Gross Expense Ratio 1.28%
Net Expense Ratio [further-information] 1.28%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 03/31/2020 Updated Monthly, based on a 3-year period

Beta 0.85
Sharpe Ratio -0.53
Standard Deviation 13.62

Benchmarks

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

  • MSCI World Index
  • Bloomberg Barclays US Corporate High Yield Index