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QGRBX

Global Allocation Fund

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Overview

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

Inception Date
September 1, 1993
Investment Style
Global Allocation
Fund Index
60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
CUSIP
68380E502
NAV
  • A
(as of 01/16/2018)
$19.45
Total Assets
(as of 12/31/2017)
$1.66 BN
Gross Expense Ratio
(as of 12/31/2017)
2.13%
Net Expense Ratio
(as of 12/31/2017)
2.07%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 12/31/2017
  • F
as of 12/31/2017
  • F

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • F
Cumulative
Annualized
ytd as of 2017-12-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Allocation Fund (NAV)
13.92% 13.92% 5.66% 6.48% 3.55% 7.68%
60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
15.19% 15.19% 6.44% 7.07% 4.99% -
Cumulative
Annualized
ytd as of 2017-12-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Allocation Fund (with sales charge)
8.92% 8.92% 4.75% 6.17% 3.55% 7.68%
60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
15.19% 15.19% 6.44% 7.07% 4.99% -
Cumulative
Annualized
ytd as of 2017-12-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Allocation Fund (NAV)
13.92% 13.92% 5.66% 6.48% 3.55% 7.68%
60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
15.19% 15.19% 6.44% 7.07% 4.99% -
Cumulative
Annualized
ytd as of 2017-12-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Allocation Fund (with sales charge)
8.92% 8.92% 4.75% 6.17% 3.55% 7.68%
60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
15.19% 15.19% 6.44% 7.07% 4.99% -
Gross Expense Ratio: 2.13% | Net Expense Ratio: 2.07%

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 contingent deferred sales charges (CDSC) for years 1-6 of 5%, 4%, 3%, 3%, 2% and 1%, respectively, where with sales charge is indicated. Class B 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.


Year Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
1994 0.54% -
1995 27.65% -
1996 17.28% -
1997 30.25% -
1998 27.48% -
1999 10.55% -
2000 7.26% -
2001 2.58% -
2002 -20.41% -
2003 29.53% -
2004 9.39% 13.04%
2005 1.97% 5.45%
2006 9.81% 15.01%
2007 -4.65% 10.43%
2008 -32.11% -24.35%
2009 31.57% 24.21%
2010 12.50% 10.98%
2011 -8.55% -0.82%
2012 9.22% 11.86%
2013 16.82% 12.87%
2014 -0.64% 3.36%
2015 -0.43% -1.70%
2016 3.99% 6.52%
2017 13.92% 15.19%

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 contingent deferred sales charges (CDSC) for years 1-6 of 5%, 4%, 3%, 3%, 2% and 1%, respectively, where with sales charge is indicated. Class B 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.


Date Global Allocation Fund 60% MSCI ACWI/40% Bloomberg Barclays Global Aggregate Bond Index Hedged USD BBG Barclays Agg S&P 500
12/31/2007 0.00 0.00 0.00 0.00
1/31/2008 -1.21 -3.70 1.68 -6.00
2/29/2008 -3.75 -3.24 1.82 -9.05
3/31/2008 -9.71 -3.30 2.17 -9.44
4/30/2008 -4.99 -0.67 1.95 -5.03
5/31/2008 -4.99 -0.03 1.21 -3.80
6/30/2008 -12.00 -5.00 1.13 -11.91
7/31/2008 -12.00 -6.26 1.04 -12.65
8/31/2008 -10.47 -7.61 2.00 -11.39
9/30/2008 -20.16 -15.06 0.63 -19.29
10/31/2008 -31.06 -25.94 -1.74 -32.84
11/30/2008 -34.61 -27.83 1.45 -37.66
12/31/2008 -31.64 -24.35 5.24 -37.00
1/31/2009 -34.24 -28.99 4.31 -42.31
2/28/2009 -40.35 -33.68 3.92 -48.45
3/31/2009 -37.04 -29.62 5.36 -43.94
4/30/2009 -31.03 -24.38 5.87 -38.57
5/31/2009 -24.37 -19.10 6.63 -35.13
6/30/2009 -25.08 -19.11 7.24 -35.00
7/31/2009 -18.27 -14.19 8.97 -30.09
8/31/2009 -15.12 -11.71 10.10 -27.56
9/30/2009 -12.64 -8.56 11.26 -24.86
10/31/2009 -14.47 -9.28 11.80 -26.26
11/30/2009 -10.60 -6.04 13.25 -21.83
12/31/2009 -9.27 -6.03 11.48 -20.32
1/31/2010 -10.38 -8.20 13.18 -23.19
2/28/2010 -9.20 -7.23 13.61 -20.81
3/31/2010 -4.78 -3.90 13.47 -16.03
4/30/2010 -2.81 -3.52 14.65 -14.71
5/31/2010 -8.53 -9.31 15.61 -21.52
6/30/2010 -11.95 -10.58 17.43 -25.63
7/31/2010 -7.60 -5.17 18.68 -20.42
8/31/2010 -10.83 -6.70 20.21 -24.01
9/30/2010 -3.64 -0.61 20.33 -17.23
10/31/2010 -0.41 2.02 20.76 -14.08
11/30/2010 -2.19 -0.41 20.07 -14.07
12/31/2010 2.91 4.29 18.77 -8.32
1/31/2011 2.84 5.45 18.91 -6.15
2/28/2011 5.63 7.62 19.21 -2.93
3/31/2011 5.75 7.85 19.28 -2.90
4/30/2011 9.34 11.63 20.79 -0.02
5/31/2011 7.95 10.39 22.37 -1.15
6/30/2011 6.57 9.37 22.01 -2.80
7/31/2011 6.17 9.09 23.94 -4.78
8/31/2011 2.02 5.09 25.76 -9.95
9/30/2011 -7.01 -1.47 26.67 -16.28
10/31/2011 -0.78 5.43 26.81 -7.13
11/30/2011 -2.65 3.18 26.70 -7.33
12/31/2011 -5.09 3.43 28.09 -6.39
1/31/2012 -0.91 7.69 29.21 -2.19
2/29/2012 2.18 10.89 29.18 2.04
3/31/2012 2.29 11.17 28.48 5.40
4/30/2012 1.40 10.99 29.90 4.73
5/31/2012 -4.65 4.74 31.07 -1.56
6/30/2012 -2.82 8.00 31.13 2.50
7/31/2012 -2.82 9.38 32.94 3.92
8/31/2012 -0.82 11.21 33.02 6.26
9/30/2012 1.42 13.80 33.20 9.01
10/31/2012 1.35 13.33 33.47 6.99
11/30/2012 2.18 14.28 33.68 7.61
12/31/2012 4.56 15.70 33.49 8.59
1/31/2013 8.65 18.56 32.55 14.22
2/28/2013 8.93 18.33 33.22 15.77
3/31/2013 10.25 19.66 33.32 20.11
4/30/2013 12.74 22.31 34.67 22.43
5/31/2013 13.30 20.91 32.27 25.29
6/30/2013 10.26 18.29 30.22 23.61
7/31/2013 14.51 22.26 30.40 29.90
8/31/2013 12.70 20.52 29.74 26.13
9/30/2013 18.04 25.20 30.96 30.09
10/31/2013 20.41 28.72 32.02 36.07
11/30/2013 21.52 29.49 31.53 40.22
12/31/2013 23.17 30.58 30.79 43.77
1/31/2014 20.41 28.13 32.72 38.80
2/28/2014 25.08 32.54 33.42 45.14
3/31/2014 23.69 32.88 33.20 46.36
4/30/2014 22.70 34.21 34.32 47.45
5/31/2014 23.98 36.27 35.85 50.91
6/30/2014 25.14 38.23 35.92 54.03
7/31/2014 22.58 36.72 35.58 51.90
8/31/2014 25.42 38.98 37.08 57.98
9/30/2014 22.27 34.85 36.15 55.76
10/31/2014 23.84 35.58 37.48 59.57
11/30/2014 24.97 36.83 38.46 63.86
12/31/2014 23.29 34.97 38.59 63.45
1/31/2015 22.93 33.89 41.49 58.54
2/28/2015 27.58 37.86 40.16 67.65
3/31/2015 27.65 36.24 40.81 65.00
4/30/2015 29.01 39.10 40.31 66.58
5/31/2015 30.80 38.09 39.97 68.72
6/30/2015 29.36 35.91 38.45 65.46
7/31/2015 29.87 36.78 39.41 68.92
8/31/2015 23.32 31.27 39.21 58.73
9/30/2015 20.94 28.71 40.15 54.81
10/31/2015 26.63 34.88 40.17 67.86
11/30/2015 26.34 34.24 39.80 68.36
12/31/2015 23.78 32.67 39.35 65.71
1/31/2016 20.21 28.61 41.27 57.48
2/29/2016 19.78 28.61 42.27 57.27
3/31/2016 24.73 34.71 43.58 67.94
4/30/2016 25.46 36.01 44.13 68.59
5/31/2016 25.24 36.35 44.16 71.62
6/30/2016 27.05 36.98 46.75 72.06
7/31/2016 30.49 40.84 47.68 78.41
8/31/2016 30.71 41.10 47.51 78.66
9/30/2016 31.97 41.63 47.43 78.69
10/31/2016 30.07 39.64 46.30 75.43
11/30/2016 27.95 39.36 42.84 81.93
12/31/2016 29.66 41.32 43.04 85.53
1/31/2017 32.15 43.42 43.32 89.04
2/28/2017 34.93 46.32 44.28 96.55
3/31/2017 36.61 47.38 44.21 96.78
4/30/2017 39.09 49.16 45.32 98.80
5/31/2017 42.26 51.49 46.44 101.60
6/30/2017 42.25 51.74 46.29 102.86
7/31/2017 44.36 54.48 46.92 107.03
8/31/2017 45.41 55.40 48.24 107.66
9/30/2017 45.56 56.91 47.53 111.95
10/31/2017 46.77 59.13 47.62 116.89
11/30/2017 47.60 61.07 47.43 123.54
12/31/2017 48.90 62.78 0.00 0.00
Date Dividends
3/10/2008 0.0381
6/9/2008 0.033
9/23/2008 0.0493
12/8/2008 0.0542
3/17/2009 0.0296
6/16/2009 0.0118
9/21/2010 0.0124
12/30/2010 0.0769
6/21/2011 0.0447
12/22/2011 0.2953
6/19/2012 0.0107
12/20/2012 0.0417
6/18/2013 0.0247
12/17/2013 0.2071
6/17/2014 0.0308
12/15/2014 0.0793
6/15/2015 0.0433
12/14/2015 0.1451
6/20/2016 0.0429
12/22/2016 0.4409

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 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 contingent deferred sales charges (CDSC) for years 1-6 of 5%, 4%, 3%, 3%, 2% and 1%, respectively, where with sales charge is indicated. Class B 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.

$ per share as of 01/16/2018

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

(52.1% of assets as of 12/31/2017)


Portfolio Positioning

(94.5% of assets as of 12/31/2017)


International Fixed Income US Equity International Equity US Fixed Income Emerging Equity Alternatives FX Overlays
36.0% 30.8% 28.4% 9.9% 9.8% 6.6% -27.0%

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 52.6% - -
Japan 15.3% - -
Germany 12.9% - -
United Kingdom 7.1% - -
France 5.2% - -
Canada 3.2% - -
Australia 2.6% - -
Italy 2.3% - -
Brazil 1.8% - -
Bermuda 1.7% - -
Switzerland 1.7% - -
Multi 1.3% - -
Netherlands 1.3% - -
Spain 1.1% - -
China 1.0% - -
Portugal 0.9% - -
India 0.8% - -
Hong Kong 0.7% - -
Supranational (non-iso) 0.7% - -
South Korea 0.6% - -
Developed Markets Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg Overweight / Underweight
Americas 57.8% - -
Asia Pacific 18.9% - -
Europe 18.9% - -
Supranational 0.7% - -
Middle East 0.1% - -
Emerging Markets Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg Overweight / Underweight
Asia Pacific 3.6% - -
Americas 2.5% - -
Multi 1.3% - -
Africa 0.4% - -
Europe 0.3% - -
Middle East 0.1% - -
Equity Sector Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg Overweight / Underweight
Information Technology 12.5% - -
Consumer Discretionary 10.1% - -
Broad Market 9.9% - -
Financials 9.0% - -
Industrials 8.9% - -
Consumer Staples 5.6% - -
Health Care 5.5% - -
Materials 2.6% - -
Energy 2.3% - -
Telecommunication Services 2.0% - -
Real Estate 0.6% - -
Utilities 0.6% - -
Fixed Income Sector Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg Overweight / Underweight
Treasuries 21.7% - -
Sovereign 10.2% - -
Catastrophe 4.6% - -
Corporates 0.1% - -
Analytics
(As of 12/31/2017)

Morningstar 12/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
372
Category
World Allocation
Performance Statistics
3Y
5Y
Alpha
-0.59
-0.62
Beta
0.98
1.02
Information Ratio
-0.33
-0.23
R-Squared
86.87
86.49
Sharpe Ratio
0.80
0.90
Standard Deviation
6.65
6.96
Sortino Ratio
0.37
0.45
Tracking Error
2.41
2.56
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
12/22/2016
Per Share ($)
$0.4409
Portfolio Characteristics
Fund
Fund Index
Current Duration
2.70 yrs
2.70 yrs
Turnover Ratio
40.00%
-
Distribution Sources
  • D
Net Income
16.10%
Net Profit from Sale
40.30%
Other Capital Sources
43.60%
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 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.
  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.
  11. E. Class B shares convert to Class A shares 72 months after purchase; therefore "since inception", "10-year" and "15-year" returns for Class B (if applicable) use Class A performance for period after conversion.
  12. F. 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 contingent deferred sales charges (CDSC) for years 1-6 of 5%, 4%, 3%, 3%, 2% and 1%, respectively, where with sales charge is indicated. Class B 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.
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