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QGRYX

Global Allocation Fund

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Overview

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

Inception Date
May 1, 2000
Investment Style
Global Allocation
Fund Index
60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
CUSIP
68380E833
NAV
  • A
(as of 08/17/2018)
$19.51
Total Assets
(as of 07/31/2018)
$1.61 BN
Gross Expense Ratio
(as of 07/31/2018)
1.09%
Net Expense Ratio
(as of 07/31/2018)
1.03%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 07/31/2018
  • B
as of 06/30/2018
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Allocation Fund (NAV)
-1.17% 3.56% 4.61% 6.19% 5.61% 4.46%
60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
-0.14% 7.12% 6.15% 6.56% 5.52% -
Cumulative
Annualized
ytd as of 2018-07-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Allocation Fund (NAV)
0.00% 3.25% 4.86% 5.63% 5.72% 4.51%
60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
1.67% 7.13% 6.56% 6.24% 5.85% -
Gross Expense Ratio: 1.09% | Net Expense Ratio: 1.03%

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 Y 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
2001 3.73% -
2002 -19.51% -
2003 30.96% -
2004 10.62% 13.04%
2005 3.15% 5.45%
2006 10.94% 15.01%
2007 -3.62% 10.43%
2008 -31.34% -24.35%
2009 33.34% 24.21%
2010 13.83% 10.98%
2011 -7.45% -0.82%
2012 10.50% 11.86%
2013 18.25% 12.87%
2014 0.38% 3.36%
2015 0.60% -1.70%
2016 5.02% 6.52%
2017 15.11% 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 Y 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
7/31/2008 0.00 0.00 0.00 0.00
8/31/2008 1.75 -1.44 0.95 1.45
9/30/2008 -9.32 -9.39 -0.41 -7.59
10/31/2008 -21.64 -21.00 -2.76 -23.11
11/30/2008 -25.60 -23.02 0.41 -28.63
12/31/2008 -22.14 -19.30 4.15 -27.87
1/31/2009 -25.18 -24.25 3.23 -33.95
2/28/2009 -32.06 -29.26 2.84 -40.98
3/31/2009 -28.28 -24.92 4.27 -35.81
4/30/2009 -21.35 -19.34 4.77 -29.67
5/31/2009 -13.76 -13.70 5.53 -25.74
6/30/2009 -14.55 -13.71 6.13 -25.59
7/31/2009 -6.70 -8.46 7.85 -19.96
8/31/2009 -3.11 -5.82 8.96 -17.07
9/30/2009 -0.16 -2.46 10.11 -13.98
10/31/2009 -2.19 -3.23 10.65 -15.57
11/30/2009 2.24 0.23 12.08 -10.51
12/31/2009 3.82 0.24 10.33 -8.78
1/31/2010 2.54 -2.08 12.02 -12.06
2/28/2010 3.89 -1.03 12.43 -9.34
3/31/2010 9.03 2.51 12.30 -3.87
4/30/2010 11.29 2.92 13.47 -2.35
5/31/2010 4.82 -3.26 14.42 -10.15
6/30/2010 0.91 -4.62 16.21 -14.85
7/31/2010 5.89 1.16 17.45 -8.89
8/31/2010 2.27 -0.47 18.97 -13.00
9/30/2010 10.54 6.02 19.09 -5.23
10/31/2010 14.25 8.83 19.52 -1.63
11/30/2010 12.20 6.23 18.83 -1.62
12/31/2010 18.17 11.25 17.55 4.96
1/31/2011 18.02 12.48 17.68 7.45
2/28/2011 21.31 14.80 17.98 11.13
3/31/2011 21.45 15.05 18.04 11.17
4/30/2011 25.66 19.08 19.54 14.46
5/31/2011 24.05 17.76 21.10 13.17
6/30/2011 22.50 16.67 20.75 11.28
7/31/2011 22.12 16.37 22.66 9.02
8/31/2011 17.42 12.10 24.46 3.10
9/30/2011 7.03 5.10 25.36 -4.15
10/31/2011 14.20 12.47 25.50 6.33
11/30/2011 12.12 10.06 25.39 6.09
12/31/2011 9.37 10.33 26.77 7.18
1/31/2012 14.11 14.88 27.88 11.98
2/29/2012 17.75 18.29 27.85 16.82
3/31/2012 17.88 18.59 27.15 20.67
4/30/2012 16.93 18.39 28.56 19.91
5/31/2012 10.04 11.73 29.72 12.70
6/30/2012 12.17 15.21 29.77 17.34
7/31/2012 12.17 16.68 31.56 18.97
8/31/2012 14.56 18.63 31.65 21.65
9/30/2012 17.09 21.40 31.83 24.80
10/31/2012 17.09 20.89 32.09 22.49
11/30/2012 18.13 21.91 32.30 23.20
12/31/2012 20.85 23.42 32.11 24.33
1/31/2013 25.66 26.47 31.18 30.77
2/28/2013 25.98 26.22 31.84 32.54
3/31/2013 27.61 27.65 31.95 37.51
4/30/2013 30.42 30.47 33.28 40.16
5/31/2013 31.14 28.98 30.90 43.44
6/30/2013 27.67 26.19 28.88 41.51
7/31/2013 32.67 30.42 29.06 48.72
8/31/2013 30.57 28.56 28.40 44.41
9/30/2013 36.80 33.55 29.61 48.94
10/31/2013 39.64 37.31 30.66 55.78
11/30/2013 40.93 38.13 30.17 60.53
12/31/2013 42.90 39.30 29.44 64.59
1/31/2014 39.70 36.68 31.35 58.90
2/28/2014 45.20 41.39 32.05 66.17
3/31/2014 43.61 41.75 31.82 67.57
4/30/2014 42.46 43.16 32.93 68.81
5/31/2014 44.02 45.37 34.45 72.77
6/30/2014 45.39 47.45 34.52 76.34
7/31/2014 42.42 45.84 34.18 73.91
8/31/2014 45.80 48.25 35.66 80.87
9/30/2014 42.15 43.85 34.74 78.33
10/31/2014 44.06 44.62 36.06 82.68
11/30/2014 45.38 45.96 37.03 87.60
12/31/2014 43.44 43.98 37.16 87.13
1/31/2015 43.03 42.82 40.03 81.51
2/28/2015 48.53 47.06 38.72 91.94
3/31/2015 48.60 45.33 39.36 88.90
4/30/2015 50.19 48.38 38.86 90.72
5/31/2015 52.28 47.31 38.53 93.17
6/30/2015 50.61 44.98 37.02 89.43
7/31/2015 51.28 45.90 37.97 93.40
8/31/2015 43.73 40.03 37.77 81.73
9/30/2015 40.98 37.30 38.70 77.23
10/31/2015 47.62 43.88 38.72 92.18
11/30/2015 47.28 43.20 38.36 92.75
12/31/2015 44.31 41.52 37.91 89.71
1/31/2016 40.23 37.19 39.81 80.30
2/29/2016 39.72 37.19 40.80 80.06
3/31/2016 45.58 43.70 42.09 92.27
4/30/2016 46.44 45.08 42.64 93.02
5/31/2016 46.18 45.45 42.67 96.48
6/30/2016 48.28 46.12 45.24 96.99
7/31/2016 52.38 50.24 46.16 104.26
8/31/2016 52.64 50.52 45.99 104.54
9/30/2016 54.14 51.08 45.90 104.58
10/31/2016 52.00 48.96 44.79 100.85
11/30/2016 49.60 48.66 41.36 108.29
12/31/2016 51.55 50.75 41.56 112.40
1/31/2017 54.55 52.99 41.84 116.43
2/28/2017 57.81 56.09 42.79 125.03
3/31/2017 59.86 57.21 42.72 125.29
4/30/2017 62.77 59.12 43.82 127.60
5/31/2017 66.47 61.60 44.93 130.81
6/30/2017 66.48 61.87 44.78 132.25
7/31/2017 68.96 64.78 45.40 137.02
8/31/2017 70.28 65.77 46.71 137.75
9/30/2017 70.55 67.38 46.01 142.65
10/31/2017 71.96 69.75 46.09 148.31
11/30/2017 72.93 71.82 45.91 155.93
12/31/2017 74.45 73.64 46.58 158.78
1/31/2018 80.55 78.95 44.89 173.59
2/28/2018 74.89 74.30 43.51 163.51
3/31/2018 73.03 72.66 44.44 156.81
4/30/2018 72.41 73.41 43.36 157.80
5/31/2018 73.92 73.81 44.38 164.00
6/30/2018 72.41 73.39 44.21 165.63
7/31/2018 74.45 76.54 44.24 175.51
Date Dividends
9/23/2008 0.0961
12/8/2008 0.0874
3/17/2009 0.0582
6/16/2009 0.0442
9/22/2009 0.0341
12/7/2009 0.0304
3/16/2010 0.0338
6/22/2010 0.0431
9/21/2010 0.0539
12/30/2010 0.1272
3/22/2011 0.0181
6/21/2011 0.095
9/20/2011 0.0321
12/22/2011 0.3413
3/20/2012 0.0269
6/19/2012 0.0591
9/18/2012 0.0285
12/20/2012 0.0909
3/19/2013 0.0233
6/18/2013 0.0789
9/17/2013 0.042
12/17/2013 0.2668
3/18/2014 0.0161
6/17/2014 0.076
9/16/2014 0.0186
12/15/2014 0.133
3/16/2015 0.0289
6/15/2015 0.0911
9/21/2015 0.0322
12/14/2015 0.1948
3/21/2016 0.0098
6/20/2016 0.0858
9/19/2016 0.0249
12/22/2016 0.4976
3/20/2017 0.0127
6/19/2017 0.0316
12/21/2017 0.0317

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 Y 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 08/17/2018

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 07/31/2018)


Portfolio Positioning

(92.5% of assets as of 07/31/2018)


International Fixed Income US Equity International Equity Alternatives Emerging Equity US Fixed Income FX Overlays
36.0% 26.6% 19.7% 13.4% 6.1% 6.1% -15.4%

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 42.0% - -
Japan 14.1% - -
Germany 6.8% - -
France 6.7% - -
Bermuda 5.4% - -
United Kingdom 5.2% - -
Australia 3.2% - -
Brazil 2.8% - -
Taiwan 2.7% - -
Multi 2.2% - -
South Africa 2.1% - -
Colombia 2.0% - -
Russia 1.8% - -
Mexico 1.8% - -
Switzerland 1.8% - -
China 1.7% - -
Spain 1.6% - -
Norway 1.6% - -
Poland 1.4% - -
India 1.3% - -
Developed Markets Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg Overweight / Underweight
Americas 49.1% - -
Asia Pacific 16.8% - -
Europe 10.8% - -
Supranational 1.2% - -
Middle East -0.9% - -
Emerging Markets Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg Overweight / Underweight
Asia Pacific 6.1% - -
Americas 5.3% - -
Europe 4.3% - -
Africa 2.4% - -
Multi 2.2% - -
Middle East 0.1% - -
Equity Sector Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg Overweight / Underweight
Information Technology 14.8% - -
Consumer Discretionary 9.9% - -
Industrials 8.3% - -
Financials 7.4% - -
Health Care 6.9% - -
Energy 6.1% - -
Consumer Staples 5.1% - -
Materials 2.6% - -
Real Estate 0.9% - -
Telecommunication Services 0.8% - -
Utilities 0.5% - -
Broad Market -7.8% - -
Fixed Income Sector Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg Overweight / Underweight
Treasuries 24.4% - -
Catastrophe 10.2% - -
Sovereign 5.9% - -
Corporates -6.8% - -
Analytics
(As of 07/31/2018)

Morningstar 07/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
392
Category
World Allocation
Performance Statistics
3Y
5Y
Alpha
-1.85
-0.64
Beta
1.05
1.02
Information Ratio
-0.89
-0.25
R-Squared
92.69
87.31
Sharpe Ratio
0.61
0.77
Standard Deviation
6.95
6.85
Sortino Ratio
0.27
0.37
Tracking Error
1.90
2.44
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/21/2017
Per Share ($)
$0.0317
12-Month Distribution ($)
$0.0317
Portfolio Characteristics
Fund
Fund Index
Current Duration
3.20 yrs
2.70 yrs
Turnover Ratio
40%
-
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. Special Risks: 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. 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 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. Access index definitions.
  6. 6. Holdings are subject to change, and are dollar weighted based on total net 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. 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 Y shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
  9. 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.
  10. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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