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QGRIX

Global Allocation Fund

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Overview

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

Inception Date
February 28, 2012
Investment Style
Global Allocation
Fund Index
60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
CUSIP
68380E775
NAV
  • A
(as of 05/21/2018)
$19.73
Total Assets
(as of 04/30/2018)
$1.63 BN
Gross Expense Ratio
(as of 04/30/2018)
0.92%
Net Expense Ratio
(as of 04/30/2018)
0.86%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2018
  • B
as of 03/31/2018
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr since inception
Global Allocation Fund (NAV)
-0.76% -0.76% 8.48% 5.40% 6.47% 6.60%
60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
-0.56% -0.56% 9.83% 5.91% 6.23% -
Cumulative
Annualized
3 mo ytd as of 2018-04-30
  • C
1 yr 3 yr 5 yr since inception
Global Allocation Fund (NAV)
-4.51% -1.12% 6.10% 4.90% 5.92% 6.45%
60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
-3.10% -0.13% 8.98% 5.33% 5.86% -
Gross Expense Ratio: 0.92% | Net Expense Ratio: 0.86%

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.


Year Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
2013 18.33% 12.87%
2014 0.59% 3.36%
2015 0.79% -1.70%
2016 5.24% 6.52%
2017 15.28% 15.19%

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.


Date Global Allocation Fund 60% MSCI ACWI/40% Bloomberg Barclays Global Aggregate Bond Index Hedged USD BBG Barclays Agg S&P 500
4/30/2013 0.00 0.00 0.00 0.00
5/31/2013 0.55 -1.14 -1.78 2.34
6/30/2013 -2.09 -3.28 -3.30 0.96
7/31/2013 1.75 -0.04 -3.17 6.10
8/31/2013 0.14 -1.46 -3.67 3.03
9/30/2013 4.90 2.36 -2.75 6.26
10/31/2013 7.07 5.24 -1.97 11.15
11/30/2013 8.13 5.87 -2.34 14.53
12/31/2013 9.62 6.77 -2.89 17.43
1/31/2014 7.22 4.76 -1.45 13.37
2/28/2014 11.38 8.37 -0.93 18.56
3/31/2014 10.19 8.64 -1.10 19.55
4/30/2014 9.31 9.73 -0.26 20.44
5/31/2014 10.57 11.42 0.87 23.26
6/30/2014 11.66 13.02 0.93 25.81
7/31/2014 9.38 11.78 0.67 24.08
8/31/2014 11.92 13.63 1.78 29.04
9/30/2014 9.23 10.25 1.09 27.23
10/31/2014 10.63 10.85 2.09 30.34
11/30/2014 11.71 11.87 2.81 33.84
12/31/2014 10.26 10.35 2.91 33.51
1/31/2015 9.94 9.47 5.06 29.50
2/28/2015 14.17 12.72 4.08 36.94
3/31/2015 14.27 11.39 4.56 34.78
4/30/2015 15.49 13.72 4.18 36.07
5/31/2015 17.16 12.90 3.93 37.82
6/30/2015 15.87 11.12 2.80 35.15
7/31/2015 16.39 11.83 3.51 37.98
8/31/2015 10.58 7.33 3.37 29.66
9/30/2015 8.45 5.23 4.07 26.45
10/31/2015 13.62 10.28 4.08 37.11
11/30/2015 13.36 9.76 3.81 37.52
12/31/2015 11.14 8.47 3.47 35.35
1/31/2016 7.99 5.15 4.90 28.64
2/29/2016 7.60 5.15 5.64 28.46
3/31/2016 12.16 10.14 6.61 37.18
4/30/2016 12.88 11.20 7.02 37.71
5/31/2016 12.69 11.48 7.05 40.18
6/30/2016 14.32 12.00 8.97 40.55
7/31/2016 17.48 15.15 9.66 45.73
8/31/2016 17.68 15.36 9.53 45.93
9/30/2016 18.89 15.79 9.47 45.96
10/31/2016 17.24 14.17 8.63 43.30
11/30/2016 15.39 13.94 6.06 48.60
12/31/2016 16.95 15.54 6.21 51.54
1/31/2017 19.26 17.26 6.42 54.42
2/28/2017 21.78 19.63 7.14 60.55
3/31/2017 23.34 20.49 7.08 60.73
4/30/2017 25.65 21.96 7.91 62.39
5/31/2017 28.51 23.86 8.74 64.67
6/30/2017 28.57 24.06 8.63 65.70
7/31/2017 30.48 26.30 9.09 69.11
8/31/2017 31.50 27.06 10.07 69.62
9/30/2017 31.71 28.29 9.55 73.12
10/31/2017 32.87 30.10 9.61 77.16
11/30/2017 33.62 31.69 9.47 82.60
12/31/2017 34.82 33.09 9.97 84.63
1/31/2018 39.61 37.16 8.71 95.20
2/28/2018 35.23 33.60 7.68 88.00
3/31/2018 33.80 32.34 8.37 83.22
4/30/2018 33.32 32.91 7.56 83.93
Date Dividends
6/18/2013 0.0827
9/17/2013 0.0486
12/17/2013 0.273
3/18/2014 0.021
6/17/2014 0.0826
9/16/2014 0.0263
12/15/2014 0.1398
3/16/2015 0.0356
6/15/2015 0.0994
9/21/2015 0.0408
12/14/2015 0.2037
3/21/2016 0.0169
6/20/2016 0.0978
9/19/2016 0.0326
12/22/2016 0.5062
3/20/2017 0.0194
6/19/2017 0.0387
12/21/2017 0.0467

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 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.

$ per share as of 05/21/2018

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

(45.8% of assets as of 04/30/2018)


Portfolio Positioning

(76.7% of assets as of 04/30/2018)


US Equity International Fixed Income International Equity Alternatives Emerging Equity US Fixed Income FX Overlays
29.9% 21.5% 20.6% 11.9% 10.4% 9.4% -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 44.9% - -
United Kingdom 10.4% - -
France 7.3% - -
Sweden 7.1% - -
Germany 4.8% - -
Bermuda 4.8% - -
Japan 4.7% - -
Brazil 3.1% - -
Switzerland 1.9% - -
Netherlands 1.8% - -
Mexico 1.7% - -
Spain 1.7% - -
China 1.7% - -
India 1.7% - -
Supranational (non-iso) 1.4% - -
Multi 1.3% - -
Italy 1.3% - -
Colombia 1.1% - -
Canada 1.1% - -
South Korea 1.1% - -
Developed Markets Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg Overweight / Underweight
Americas 51.4% - -
Europe 11.1% - -
Supranational 1.4% - -
Middle East -0.3% - -
Asia Pacific -0.4% - -
Emerging Markets Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg Overweight / Underweight
Asia Pacific 7.0% - -
Americas 6.4% - -
Multi 1.3% - -
Africa 0.9% - -
Europe 0.8% - -
Middle East 0.1% - -
Equity Sector Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg Overweight / Underweight
Information Technology 13.4% - -
Consumer Discretionary 11.4% - -
Financials 9.4% - -
Industrials 7.1% - -
Health Care 6.4% - -
Consumer Staples 5.2% - -
Energy 3.0% - -
Materials 2.6% - -
Telecommunication Services 1.1% - -
Utilities 0.8% - -
Real Estate 0.5% - -
Broad Market 0.4% - -
Fixed Income Sector Global Allocation Fund 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg Overweight / Underweight
Treasuries 27.4% - -
Catastrophe 9.4% - -
Sovereign 1.1% - -
Corporates 0.1% - -
Analytics
(As of 04/30/2018)

Morningstar 04/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
386
Category
World Allocation
Performance Statistics
3Y
5Y
Alpha
-0.50
0.01
Beta
1.02
1.02
Information Ratio
-0.19
0.03
R-Squared
89.70
87.36
Sharpe Ratio
0.63
0.79
Standard Deviation
7.01
7.12
Sortino Ratio
0.29
0.39
Tracking Error
2.25
2.53
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/21/2017
Per Share ($)
$0.0467
12-Month Distribution ($)
$0.0854
Portfolio Characteristics
Fund
Fund Index
Current Duration
2.20 yrs
2.70 yrs
Turnover Ratio
40.00%
-
Distribution Sources
  • D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
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. 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.
  4. 4. 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.
  5. 5. 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.
  6. 6. Access index definitions.
  7. 7. 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.
  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 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.
  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.
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