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 09/26/1980
Fund without Sales Charge (%) (NAV) -4.77 3.87 3.17 6.40 11.02
Fund with Sales Charge (%) (POP) -4.77 3.87 3.17 6.40 11.02
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/26/1980
Fund without Sales Charge (%) (NAV) -4.77 3.87 3.17 6.40 11.02
Fund with Sales Charge (%) (POP) -4.77 3.87 3.17 6.40 11.02
MSCI World Index (%) 2.42 10.83 7.79 9.62
Bloomberg Barclays US Corporate High Yield Index (%) 6.36 6.07 5.37 7.94

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 -8.08 1.22 0.36 3.95
Fund without Sales Charge (%) (NAV) After Shares Sold -1.66 2.18 1.60 4.42
Fund with Sales Charge (%) (POP) Before Shares Sold -8.08 1.22 0.36 3.95
Fund with Sales Charge (%) (POP) After Shares Sold -1.66 2.18 1.60 4.42
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -8.08 1.22 0.36 3.95
Fund without Sales Charge (%) (NAV) After Shares Sold -1.66 2.18 1.60 4.42
Fund with Sales Charge (%) (POP) Before Shares Sold -8.08 1.22 0.36 3.95
Fund with Sales Charge (%) (POP) After Shares Sold -1.66 2.18 1.60 4.42

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) -7.61 6.73 15.69 -6.03 2.94 25.34 11.99 -2.31 9.65 19.10
Fund with Sales Charge (%) (POP) -7.61 6.73 15.69 -6.03 2.94 25.34 11.99 -2.31 9.65 19.10
MSCI World Index (%) -8.20 23.07 8.15 -0.32 5.50 27.37 16.54 -5.02 12.34 30.79
Bloomberg Barclays US Corporate High Yield Index (%) -2.08 7.50 17.13 -4.47 2.45 7.44 15.81 4.98 15.12 58.21

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 09/26/1980
Fund without Sales Charge (%) (NAV) 0.37 7.81 -4.77 12.05 16.87 86.04 5,806.11
Fund with Sales Charge (%) (POP) 0.37 7.81 -4.77 12.05 16.87 86.04 5,806.11
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/26/1980
Fund without Sales Charge (%) (NAV) 0.37 7.81 -4.77 12.05 16.87 86.04 5,806.11
Fund with Sales Charge (%) (POP) 0.37 7.81 -4.77 12.05 16.87 86.04 5,806.11
MSCI World Index (%) 0.66 18.15 2.42 36.11 45.51 150.48
Bloomberg Barclays US Corporate High Yield Index (%) 1.33 11.41 6.36 19.33 29.91 114.71

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 8.56 8.52 9.29
Standard Deviation (MSCI World Index) 11.05 11.56 12.95
Beta 0.68 0.66 0.66
Sharpe Ratio 0.24 0.24 0.63
Information Ratio -1.64 -0.92 -0.65
Tracking Error 5.41 5.54 5.69

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

3 YR 5 YR 10 YR
Beta Bull 0.64 0.59 0.59
Beta Bear 0.88 0.86 0.80
Bull Bear Capture Ratio 0.60 0.73 0.87
% of Positive Months 63.89 65.00 65.83
Gains/Losses 1.41 1.35 1.70
Maximum Drawdown
12.27 12.84 15.01

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 10/31/2019 Updated Monthly, based on a 3-year period

Beta 0.68
Sharpe Ratio 0.24
Standard Deviation 8.56

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