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QGRNX

Global Allocation Fund

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Overview

The Strategy primarily invests globally in stocks, bonds and alternatives.

Inception Date
March 1, 2001
Investment Style
Global Allocation
Fund Index
60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
CUSIP
68380E825
NAV
  • A
(as of 09/21/2018)
$19.23
Total Assets
(as of 08/31/2018)
$1.59 BN
Gross Expense Ratio
(as of 08/31/2018)
1.59%
Net Expense Ratio
(as of 08/31/2018)
1.53%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 08/31/2018
as of 06/30/2018

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
Cumulative
Annualized
ytd as of 2018-06-30
  • B
1 yr 3 yr 5 yr 10 yr since inception
Global Allocation Fund (NAV)
-1.39% 3.02% 4.08% 5.65% 5.01% 3.31%
60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
-0.14% 7.12% 6.15% 6.56% 5.52% -
Cumulative
Annualized
ytd as of 2018-06-30
  • B
1 yr 3 yr 5 yr 10 yr since inception
Global Allocation Fund (with sales charge)
-1.39% 3.02% 4.08% 5.65% 5.01% 3.31%
60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
-0.14% 7.12% 6.15% 6.56% 5.52% -
Cumulative
Annualized
ytd as of 2018-08-31
  • B
1 yr 3 yr 5 yr 10 yr since inception
Global Allocation Fund (NAV)
-0.15% 2.11% 6.21% 5.46% 4.95% 3.35%
60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
2.28% 7.14% 8.25% 6.68% 6.07% -
Cumulative
Annualized
ytd as of 2018-08-31
  • B
1 yr 3 yr 5 yr 10 yr since inception
Global Allocation Fund (with sales charge)
-0.15% 2.11% 6.21% 5.46% 4.95% 3.35%
60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
2.28% 7.14% 8.25% 6.68% 6.07% -
Gross Expense Ratio: 1.59% | Net Expense Ratio: 1.53%

Year Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
2002 -20.05% -
2003 30.18% -
2004 9.90% 13.04%
2005 2.47% 5.45%
2006 10.27% 15.01%
2007 -4.13% 10.43%
2008 -31.78% -24.35%
2009 32.42% 24.21%
2010 13.11% 10.98%
2011 -7.96% -0.82%
2012 9.90% 11.86%
2013 17.49% 12.87%
2014 -0.16% 3.36%
2015 0.10% -1.70%
2016 4.52% 6.52%
2017 14.52% 15.19%

Date Global Allocation Fund 60% MSCI ACWI/40% Bloomberg Barclays Global Aggregate Bond Index Hedged USD BBG Barclays Agg S&P 500
8/31/2008 0.00 0.00 0.00 0.00
9/30/2008 -10.90 -8.06 -1.34 -8.91
10/31/2008 -23.09 -19.84 -3.67 -24.21
11/30/2008 -27.03 -21.89 -0.54 -29.65
12/31/2008 -23.70 -18.12 3.17 -28.90
1/31/2009 -26.64 -23.14 2.26 -34.89
2/28/2009 -33.48 -28.22 1.88 -41.82
3/31/2009 -29.77 -23.83 3.29 -36.73
4/30/2009 -23.13 -18.16 3.79 -30.67
5/31/2009 -15.74 -12.44 4.54 -26.79
6/30/2009 -16.52 -12.45 5.14 -26.65
7/31/2009 -8.97 -7.12 6.83 -21.10
8/31/2009 -5.50 -4.44 7.94 -18.25
9/30/2009 -2.72 -1.03 9.07 -15.20
10/31/2009 -4.71 -1.82 9.61 -16.78
11/30/2009 -0.42 1.70 11.03 -11.79
12/31/2009 1.03 1.70 9.29 -10.08
1/31/2010 -0.30 -0.64 10.96 -13.32
2/28/2010 1.03 0.41 11.38 -10.63
3/31/2010 5.96 4.01 11.24 -5.24
4/30/2010 8.04 4.42 12.40 -3.74
5/31/2010 1.74 -1.84 13.34 -11.43
6/30/2010 -2.11 -3.22 15.12 -16.07
7/31/2010 2.72 2.63 16.35 -10.18
8/31/2010 -0.92 0.98 17.85 -14.24
9/30/2010 7.04 7.57 17.97 -6.59
10/31/2010 10.61 10.42 18.39 -3.03
11/30/2010 8.60 7.79 17.71 -3.02
12/31/2010 14.27 12.87 16.44 3.46
1/31/2011 14.13 14.13 16.58 5.91
2/28/2011 17.20 16.48 16.87 9.54
3/31/2011 17.35 16.73 16.93 9.59
4/30/2011 21.32 20.82 18.42 12.83
5/31/2011 19.75 19.48 19.96 11.56
6/30/2011 18.20 18.38 19.61 9.70
7/31/2011 17.67 18.07 21.51 7.46
8/31/2011 13.16 13.74 23.29 1.63
9/30/2011 3.07 6.64 24.18 -5.52
10/31/2011 10.00 14.11 24.32 4.81
11/30/2011 7.89 11.67 24.21 4.58
12/31/2011 5.17 11.94 25.57 5.65
1/31/2012 9.72 16.56 26.68 10.38
2/29/2012 13.11 20.02 26.65 15.16
3/31/2012 13.25 20.32 25.95 18.94
4/30/2012 12.17 20.12 27.35 18.20
5/31/2012 5.54 13.37 28.50 11.09
6/30/2012 7.52 16.89 28.55 15.67
7/31/2012 7.52 18.38 30.33 17.28
8/31/2012 9.69 20.36 30.41 19.92
9/30/2012 12.13 23.17 30.59 23.02
10/31/2012 12.05 22.66 30.85 20.75
11/30/2012 12.98 23.69 31.05 21.45
12/31/2012 15.58 25.22 30.87 22.55
1/31/2013 20.09 28.32 29.95 28.90
2/28/2013 20.32 28.07 30.60 30.65
3/31/2013 21.74 29.51 30.71 35.55
4/30/2013 24.46 32.38 32.03 38.16
5/31/2013 25.08 30.86 29.67 41.40
6/30/2013 21.67 28.03 27.67 39.50
7/31/2013 26.35 32.33 27.84 46.60
8/31/2013 24.33 30.44 27.19 42.35
9/30/2013 30.15 35.50 28.39 46.81
10/31/2013 32.81 39.31 29.43 53.56
11/30/2013 33.98 40.15 28.95 58.24
12/31/2013 35.80 41.33 28.22 62.25
1/31/2014 32.71 38.67 30.11 56.64
2/28/2014 37.78 43.45 30.80 63.80
3/31/2014 36.19 43.82 30.58 65.18
4/30/2014 35.08 45.25 31.68 66.40
5/31/2014 36.51 47.49 33.18 70.31
6/30/2014 37.80 49.61 33.25 73.83
7/31/2014 34.94 47.97 32.92 71.43
8/31/2014 38.04 50.42 34.39 78.29
9/30/2014 34.55 45.95 33.47 75.79
10/31/2014 36.21 46.74 34.78 80.08
11/30/2014 37.49 48.09 35.74 84.92
12/31/2014 35.58 46.08 35.87 84.46
1/31/2015 35.10 44.91 38.72 78.92
2/28/2015 40.22 49.21 37.41 89.20
3/31/2015 40.31 47.46 38.05 86.21
4/30/2015 41.75 50.55 37.56 88.00
5/31/2015 43.67 49.46 37.22 90.41
6/30/2015 42.05 47.10 35.73 86.73
7/31/2015 42.54 48.04 36.67 90.64
8/31/2015 35.39 42.08 36.48 79.14
9/30/2015 32.72 39.31 37.40 74.71
10/31/2015 38.91 45.98 37.42 89.44
11/30/2015 38.59 45.29 37.06 90.01
12/31/2015 35.72 43.59 36.62 87.01
1/31/2016 31.82 39.20 38.50 77.73
2/29/2016 31.25 39.19 39.48 77.49
3/31/2016 36.77 45.80 40.76 89.53
4/30/2016 37.50 47.20 41.30 90.27
5/31/2016 37.18 47.58 41.33 93.68
6/30/2016 39.11 48.26 43.87 94.18
7/31/2016 42.86 52.43 44.78 101.34
8/31/2016 43.11 52.71 44.62 101.63
9/30/2016 44.43 53.29 44.53 101.66
10/31/2016 42.39 51.14 43.43 97.99
11/30/2016 40.03 50.83 40.03 105.32
12/31/2016 41.85 52.95 40.23 109.38
1/31/2017 44.53 55.23 40.51 113.35
2/28/2017 47.54 58.37 41.45 121.82
3/31/2017 49.39 59.51 41.38 122.08
4/30/2017 52.07 61.44 42.47 124.36
5/31/2017 55.42 63.96 43.56 127.51
6/30/2017 55.48 64.23 43.42 128.94
7/31/2017 57.66 67.19 44.04 133.64
8/31/2017 58.84 68.19 45.33 134.36
9/30/2017 59.00 69.83 44.64 139.19
10/31/2017 60.26 72.23 44.72 144.77
11/30/2017 61.10 74.33 44.54 152.28
12/31/2017 62.44 76.18 45.20 155.09
1/31/2018 68.14 81.57 43.53 169.69
2/28/2018 62.78 76.85 42.17 159.75
3/31/2018 60.93 75.18 43.08 153.15
4/30/2018 60.26 75.94 42.01 154.12
5/31/2018 61.60 76.35 43.03 160.24
6/30/2018 60.18 75.93 42.85 161.84
7/31/2018 62.02 79.12 42.89 171.59
8/31/2018 62.19 80.20 43.80 180.44
Date Dividends
9/23/2008 0.0715
12/8/2008 0.0723
3/17/2009 0.0422
6/16/2009 0.0247
9/22/2009 0.0057
12/7/2009 0.006
3/16/2010 0.0158
6/22/2010 0.022
9/21/2010 0.0317
12/30/2010 0.1018
6/21/2011 0.072
9/20/2011 0.0112
12/22/2011 0.3171
3/20/2012 0.0078
6/19/2012 0.037
9/18/2012 0.0061
12/20/2012 0.0657
3/19/2013 0.0021
6/18/2013 0.0528
9/17/2013 0.0171
12/17/2013 0.2366
6/17/2014 0.0531
12/15/2014 0.1077
3/16/2015 0.0112
6/15/2015 0.0689
9/21/2015 0.008
12/14/2015 0.1711
6/20/2016 0.0679
9/19/2016 0.0026
12/22/2016 0.4724
6/19/2017 0.0077

There is no guarantee of the payment of any dividend or other distributions at any level.

$ per share as of 09/21/2018

Date 2013 2014 2015 2016 2017
Short Term
Long Term
Total Amount of Distribution
Record Date
Ex Div Date
Pay Date

There is no guarantee of the payment of any dividend or other distributions at any level.

Portfolio

Top Holdings

(45.1% of assets as of 08/31/2018)


Portfolio Positioning

(90.4% of assets as of 08/31/2018)


US Equity US Fixed Income International Fixed Income International Equity Alternatives Emerging Equity FX Overlays
29.6% 22.7% 21.9% 19.1% 13.4% 5.8% -22.1%

Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Fixed Income Sector
Country Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg Overweight / Underweight
United States 61.7% - -
Germany 8.9% - -
Japan 7.2% - -
France 6.8% - -
Bermuda 5.4% - -
United Kingdom 5.1% - -
Canada 3.1% - -
Switzerland 2.4% - -
Australia 2.3% - -
Spain 1.5% - -
China 1.4% - -
Netherlands 1.3% - -
Italy 1.2% - -
South Korea 1.2% - -
Supranational (non-iso) 1.2% - -
Taiwan 1.1% - -
Cayman Islands 1.0% - -
Mexico 0.9% - -
India 0.8% - -
Hong Kong 0.6% - -
Developed Markets Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg Overweight / Underweight
Americas 71.3% - -
Asia Pacific 10.4% - -
Europe 8.9% - -
Supranational 1.2% - -
Middle East 0.1% - -
Emerging Markets Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg Overweight / Underweight
Asia Pacific 4.9% - -
Americas 0.9% - -
Africa 0.3% - -
Europe 0.3% - -
Middle East 0.1% - -
Multi -2.9% - -
Equity Sector Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg Overweight / Underweight
Information Technology 15.6% - -
Consumer Discretionary 9.6% - -
Industrials 8.4% - -
Financials 7.3% - -
Health Care 7.1% - -
Energy 6.0% - -
Consumer Staples 5.0% - -
Materials 2.3% - -
Telecommunication Services 1.0% - -
Real Estate 1.0% - -
Utilities 0.4% - -
Broad Market -6.3% - -
Fixed Income Sector Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg Overweight / Underweight
Treasuries 38.3% - -
Catastrophe 10.3% - -
Corporates 0.1% - -
Analytics
(As of 08/31/2018)

Morningstar 08/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
409
Category
World Allocation
Performance Statistics
3Y
5Y
Alpha
-2.04
-1.20
Beta
1.02
1.01
Information Ratio
-1.09
-0.50
R-Squared
91.00
87.03
Sharpe Ratio
0.87
0.74
Standard Deviation
6.19
6.77
Sortino Ratio
1.56
1.24
Tracking Error
1.86
2.44
Portfolio Characteristics
Fund
Fund Index
Current Duration
3.30 yrs
2.60 yrs
Turnover Ratio
40%
-
Dividends
  • C
Est. Frequency
Annual
Last Pay Date
6/19/2017
Per Share ($)
$0.0077
Distribution Sources
  • C
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. Because of changes to certain non-fundamental investment policies in connection with a change from a balanced strategy to a global allocation strategy, performance prior to 8/16/10 is not indicative of performance for any subsequent periods.
  2. 2. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile. Eurozone investments may be subject to volatility and liquidity issues. Investments in securities of growth companies may be volatile. Small and mid-sized company stock is typically more volatile than that of larger company stock. It may take a substantial period of time to realize a gain on an investment in a small-sized or mid-sized company, if any gain is realized at all. Event-linked securities are fixed income securities, otherwise known as Cat Bonds, for which the return of principal and interest payment is contingent on the non-occurrence of a trigger event that leads to physical or economic loss. If the trigger event occurs prior to maturity, the Fund may lose all or a portion of its principal and additional interest.Value investing involves the risk that undervalued securities may not appreciate as anticipated. Fixed income investing entails credit and interest rate risks. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. Below-investment-grade (“high yield” or “junk”) bonds are more at risk of default and are subject to liquidity risk. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments. Commodity-linked investments are speculative and have substantial risks, including the loss of principal. The Fund may also invest through a wholly-owned Cayman Islands subsidiary, which involves the risk that changes to the laws of the Cayman Islands could negatively affect the Fund. Diversification does not guarantee profit or protect against loss.
  3. 3. The Manager has contractually agreed to waive expenses in an amount equal to the management fee it receives from its Subsidiary for so long as the Fund invests in the Subsidiary. This waiver may not be terminated without the prior approval of the Fund's Board of Trustees.
  4. 4. The net expense ratio (where applicable) also takes into account contractual fee waivers and/or expense reimbursements without which performance would have been less.  These undertakings may not be amended or withdrawn for one year from the date of the current prospectus, unless approved by the Board.
  5. 5. The index returns are made up of the returns of (i) Composite Index representing 30% Russell 1000® Index/ 30% MSCI® ACWI ex-US/ 20% Bloomberg Barclays U.S. Aggregate Index/ 20% Bloomberg Barclays Multiverse ex US Index from January 1, 31, 2003 through September 30, 2015, and (ii) 60% MSCI® ACWI/ 40% Bloomberg Barclays Global Aggregate Bond Hedged USD from October 1, 2015 to present. The MSCI® ACWI is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. The Bloomberg Barclays Global Aggregate Bond Index provides a broad-based measure of global investment grade fixed-rate debt markets.  The index is comprised of several other Barclays indexes that measure fixed income performance of regions around the world while hedging the currency back to the US dollar. The indices are unmanaged, are shown for illustrative purposes only, and cannot be purchased directly by investors.  Past performance does not guarantee future results.
  6. 6. Holdings are subject to change, and are dollar weighted based on total new assets. Negative weightings may result from the use of leverage. Leverage involves the use of various financial instruments or borrowed capital in an attempt to increase investment return. Leverage risks include potential for higher volatility, greater decline of the Fund’s net asset value and fluctuations of dividends and distributions paid by the Fund.
  7. A. Daily net asset value and dollar change of the fund is as of the previous business day's closing. Fund net asset values are updated at approximately 7:00pm ET daily.
  8. B. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges (if sales charges are applicable to the Fund).  These returns would be lower if sales charges were taken into consideration.  Short-term returns may not be indicative of longer-term performance, which should also be considered when making investment decisions.
  9. C. There is no guarantee of the payment of any dividend or other distributions at any level.
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