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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 11/16/2018)
$18.13
Total Assets
(as of 10/31/2018)
$1.45 BN
Gross Expense Ratio
(as of 10/31/2018)
1.59%
Net Expense Ratio
(as of 10/31/2018)
1.53%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 10/31/2018
  • G
as of 09/30/2018
  • G

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • G
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Allocation Fund (NAV)
-1.29% 0.84% 6.51% 4.26% 6.05% 3.27%
60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
2.40% 6.23% 9.00% 5.89% 6.97% -
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Allocation Fund (with sales charge)
-1.29% 0.84% 6.51% 4.26% 6.05% 3.27%
60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
2.40% 6.23% 9.00% 5.89% 6.97% -
Cumulative
Annualized
ytd as of 2018-10-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Allocation Fund (NAV)
-6.60% -5.34% 2.98% 2.70% 7.03% 2.93%
60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
-2.32% -0.08% 5.64% 4.32% 7.94% -
Cumulative
Annualized
ytd as of 2018-10-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Allocation Fund (with sales charge)
-6.60% -5.34% 2.98% 2.70% 7.03% 2.93%
60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
-2.32% -0.08% 5.64% 4.32% 7.94% -
Gross Expense Ratio: 1.59% | Net Expense Ratio: 1.53%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price and reinvested distributions.  Class R shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
 


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%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price and reinvested distributions.  Class R shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
 


Date Global Allocation Fund 60% MSCI ACWI/40% Bloomberg Barclays Global Aggregate Bond Index Hedged USD BBG Barclays Agg S&P 500
10/31/2008 0.00 0.00 0.00 0.00
11/30/2008 -5.15 -2.56 3.25 -7.18
12/31/2008 -0.84 2.15 7.11 -6.19
1/31/2009 -4.61 -4.11 6.16 -14.09
2/28/2009 -13.47 -10.45 5.76 -23.24
3/31/2009 -8.68 -4.97 7.23 -16.52
4/30/2009 0.04 2.10 7.74 -8.53
5/31/2009 9.70 9.24 8.53 -3.41
6/30/2009 8.67 9.22 9.14 -3.22
7/31/2009 18.55 15.87 10.90 4.10
8/31/2009 23.11 19.22 12.05 7.86
9/30/2009 26.73 23.47 13.23 11.88
10/31/2009 24.06 22.49 13.79 9.80
11/30/2009 29.67 26.87 15.26 16.39
12/31/2009 31.61 26.88 13.46 18.64
1/31/2010 29.99 23.95 15.19 14.37
2/28/2010 31.70 25.27 15.62 17.91
3/31/2010 38.12 29.76 15.48 25.03
4/30/2010 40.98 30.27 16.68 27.00
5/31/2010 32.68 22.46 17.66 16.86
6/30/2010 27.72 20.74 19.51 10.74
7/31/2010 34.03 28.04 20.79 18.50
8/31/2010 29.35 25.98 22.34 13.15
9/30/2010 39.77 34.20 22.47 23.25
10/31/2010 44.46 37.76 22.91 27.94
11/30/2010 41.88 34.47 22.20 27.96
12/31/2010 49.27 40.81 20.88 36.51
1/31/2011 49.17 42.38 21.02 39.75
2/28/2011 53.23 45.32 21.32 44.53
3/31/2011 53.39 45.63 21.39 44.59
4/30/2011 58.61 50.73 22.93 48.87
5/31/2011 56.58 49.05 24.54 47.19
6/30/2011 54.59 47.68 24.17 44.73
7/31/2011 54.01 47.30 26.14 41.79
8/31/2011 47.99 41.90 27.99 34.09
9/30/2011 34.89 33.04 28.92 24.66
10/31/2011 43.93 42.36 29.06 38.29
11/30/2011 41.21 39.32 28.94 37.98
12/31/2011 37.67 39.65 30.36 39.39
1/31/2012 43.74 45.41 31.51 45.64
2/29/2012 48.21 49.73 31.48 51.94
3/31/2012 48.37 50.11 30.75 56.94
4/30/2012 47.08 49.86 32.20 55.95
5/31/2012 38.31 41.43 33.40 46.58
6/30/2012 40.97 45.83 33.45 52.62
7/31/2012 40.97 47.69 35.29 54.74
8/31/2012 43.86 50.16 35.38 58.22
9/30/2012 47.11 53.66 35.57 62.31
10/31/2012 47.01 53.03 35.83 59.32
11/30/2012 48.21 54.31 36.05 60.24
12/31/2012 51.67 56.22 35.86 61.70
1/31/2013 57.60 60.09 34.91 70.08
2/28/2013 58.00 59.77 35.58 72.38
3/31/2013 59.92 61.58 35.69 78.85
4/30/2013 63.54 65.15 37.06 82.30
5/31/2013 64.34 63.26 34.62 86.56
6/30/2013 59.94 59.73 32.54 84.05
7/31/2013 66.10 65.08 32.72 93.42
8/31/2013 63.47 62.73 32.04 87.82
9/30/2013 71.22 69.05 33.29 93.71
10/31/2013 74.65 73.80 34.37 102.61
11/30/2013 76.27 74.85 33.86 108.79
12/31/2013 78.66 76.32 33.11 114.07
1/31/2014 74.65 73.00 35.07 106.67
2/28/2014 81.43 78.96 35.79 116.13
3/31/2014 79.42 79.42 35.56 117.94
4/30/2014 77.99 81.21 36.70 119.55
5/31/2014 79.83 84.00 38.26 124.71
6/30/2014 81.52 86.65 38.33 129.35
7/31/2014 77.81 84.60 37.98 126.19
8/31/2014 81.93 87.66 39.51 135.23
9/30/2014 77.36 82.08 38.56 131.94
10/31/2014 79.63 83.06 39.92 137.60
11/30/2014 81.28 84.75 40.92 143.99
12/31/2014 78.83 82.25 41.05 143.38
1/31/2015 78.31 80.78 44.00 136.07
2/28/2015 85.06 86.15 42.65 149.64
3/31/2015 85.16 83.96 43.31 145.69
4/30/2015 87.13 87.81 42.80 148.05
5/31/2015 89.73 86.46 42.45 151.24
6/30/2015 87.65 83.52 40.90 146.37
7/31/2015 88.38 84.68 41.88 151.53
8/31/2015 78.88 77.25 41.68 136.36
9/30/2015 75.43 73.79 42.64 130.51
10/31/2015 83.68 82.12 42.66 149.95
11/30/2015 83.27 81.26 42.28 150.70
12/31/2015 79.55 79.14 41.82 146.74
1/31/2016 74.37 73.65 43.77 134.50
2/29/2016 73.74 73.65 44.79 134.18
3/31/2016 80.92 81.89 46.12 150.07
4/30/2016 81.98 83.64 46.68 151.04
5/31/2016 81.66 84.11 46.72 155.55
6/30/2016 84.29 84.96 49.36 156.21
7/31/2016 89.28 90.17 50.30 165.66
8/31/2016 89.59 90.52 50.13 166.03
9/30/2016 91.43 91.23 50.04 166.08
10/31/2016 88.67 88.55 48.89 161.23
11/30/2016 85.59 88.17 45.37 170.90
12/31/2016 88.08 90.81 45.58 176.25
1/31/2017 91.68 93.65 45.86 181.49
2/28/2017 95.72 97.57 46.84 192.67
3/31/2017 98.16 98.99 46.77 193.01
4/30/2017 101.76 101.41 47.90 196.02
5/31/2017 106.35 104.55 49.04 200.19
6/30/2017 106.33 104.89 48.89 202.06
7/31/2017 109.39 108.58 49.53 208.27
8/31/2017 110.92 109.83 50.87 209.22
9/30/2017 111.14 111.87 50.15 215.59
10/31/2017 112.89 114.86 50.24 222.96
11/30/2017 114.09 117.49 50.04 232.86
12/31/2017 115.98 119.79 50.73 236.56
1/31/2018 123.52 126.52 49.00 255.83
2/28/2018 116.42 120.63 47.58 242.72
3/31/2018 114.12 118.55 48.53 234.01
4/30/2018 113.25 119.50 47.43 235.29
5/31/2018 115.00 120.01 48.48 243.37
6/30/2018 113.14 119.48 48.30 245.48
7/31/2018 115.65 123.46 48.33 258.34
8/31/2018 115.87 124.81 49.29 270.01
9/30/2018 113.58 125.06 48.32 272.12
10/31/2018 101.99 114.69 47.15 246.68
Date Dividends
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.

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price and reinvested distributions.  Class R shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
 

$ per share as of 11/15/2018

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

(64.3% of assets as of 10/31/2018)


Portfolio Positioning

(95.4% of assets as of 10/31/2018)


US Equity International Fixed Income US Fixed Income Alternatives International Equity Emerging Equity FX Overlays
35.8% 28.7% 15.4% 14.3% 13.5% 5.0% -17.3%

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 57.4% - -
Japan 11.8% - -
Germany 7.5% - -
France 6.9% - -
Bermuda 6.0% - -
United Kingdom 4.6% - -
Canada 3.1% - -
China 2.6% - -
Australia 2.4% - -
Multi 2.3% - -
Switzerland 1.6% - -
Spain 1.6% - -
Netherlands 1.4% - -
Supranational (non-iso) 1.4% - -
Cayman Islands 1.2% - -
Italy 1.2% - -
South Korea 1.1% - -
Taiwan 1.1% - -
India 1.0% - -
Brazil 0.6% - -
Developed Markets Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg Overweight / Underweight
Americas 67.6% - -
Asia Pacific 15.1% - -
Europe 1.8% - -
Supranational 1.4% - -
Middle East 0.1% - -
Emerging Markets Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg Overweight / Underweight
Asia Pacific 6.6% - -
Multi 2.3% - -
Americas 1.3% - -
Africa 0.6% - -
Europe 0.5% - -
Middle East 0.1% - -
Equity Sector Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg Overweight / Underweight
Information Technology 10.9% - -
Consumer Discretionary 9.8% - -
Industrials 8.3% - -
Health Care 6.9% - -
Financials 6.2% - -
Consumer Staples 5.6% - -
Communication Services 5.5% - -
Energy 5.4% - -
Materials 2.0% - -
Real Estate 0.8% - -
Utilities 0.3% - -
Broad Market -4.5% - -
Fixed Income Sector Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg Overweight / Underweight
Treasuries 33.9% - -
Catastrophe 11.4% - -
Sovereign 5.3% - -
Corporates -7.3% - -
Analytics
(As of 10/31/2018)

Morningstar 10/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
393
Category
World Allocation
Performance Statistics
3Y
5Y
Alpha
-2.79
-1.63
Beta
1.06
1.03
Information Ratio
-1.33
-0.66
R-Squared
91.04
87.69
Sharpe Ratio
0.33
0.33
Standard Deviation
6.51
6.97
Sortino Ratio
0.47
0.48
Tracking Error
1.99
2.46
Portfolio Characteristics
Fund
Fund Index
Current Duration
3.50 yrs
2.60 yrs
Turnover Ratio
40%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
6/19/2017
Per Share ($)
$0.0077
Distribution Sources
  • D
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. 7. Class I shares are only offered to eligible institutional investors that make a minimum initial investment of $1 million or more and to retirement plan service provider platforms. The minimum account balance for class I shares is $2.5 million.  Class I shares are sold at net asset value without a sales charge.  Please see Fund prospectuses for additional information.
  8. 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.
  9. B. The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated.  Returns do not consider capital gains or income taxes on an individual's investment.
  10. C. "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.
  11. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  12. E. The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated.  Class C shares are subject to a 0.75% annual asset-backed sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
  13. F. The performance data quoted represents past performance, which does not guarantee future results.  The investments return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price and reinvested distributions.  Class I shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
  14. G. The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price and reinvested distributions.  Class R shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
     
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