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QVSCX

Mid Cap Value Fund

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Overview

The Strategy typically invests in mid-sized value stocks.

Inception Date
January 3, 1989
Investment Style
Mid Cap Value
Fund Index
Russell Midcap® Value Index
CUSIP
68380E700
NAV
  • A
(as of 07/19/2018)
$57.26
Total Assets
(as of 06/30/2018)
$1.27 BN
Gross Expense Ratio
(as of 06/30/2018)
1.16%
Net Expense Ratio
(as of 06/30/2018)
1.16%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 06/30/2018
  • B
as of 06/30/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (NAV)
-1.88% 7.42% 6.92% 9.95% 6.65% 9.85%
Russell Midcap® Value Index
-0.16% 7.60% 8.80% 10.20% 9.81% -
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (with sales charge)
-7.53% 1.25% 4.83% 8.66% 6.02% 9.63%
Russell Midcap® Value Index
-0.16% 7.60% 8.80% 10.20% 9.81% -
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (NAV)
-1.88% 7.42% 6.92% 9.95% 6.65% 9.85%
Russell Midcap® Value Index
-0.16% 7.60% 8.80% 10.20% 9.81% -
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (with sales charge)
-7.53% 1.25% 4.83% 8.66% 6.02% 9.63%
Russell Midcap® Value Index
-0.16% 7.60% 8.80% 10.20% 9.81% -
Gross Expense Ratio: 1.16% | Net Expense Ratio: 1.16%

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.


Year Mid Cap Value Fund Russell Midcap® Value Index
1990 -12.99% -
1991 47.58% -
1992 20.96% 24.90%
1993 18.21% 19.30%
1994 -0.29% -1.31%
1995 12.42% 29.76%
1996 19.29% 22.21%
1997 24.32% 33.09%
1998 -10.08% -1.92%
1999 -1.40% 1.49%
2000 16.44% 20.79%
2001 12.20% 9.74%
2002 -10.52% -9.87%
2003 46.06% 44.93%
2004 28.30% 21.58%
2005 11.73% 7.74%
2006 17.98% 20.18%
2007 9.13% -7.27%
2008 -49.93% -31.99%
2009 44.61% 27.68%
2010 20.54% 24.82%
2011 -7.52% -3.36%
2012 9.48% 19.21%
2013 37.76% 33.32%
2014 10.57% 7.11%
2015 -7.02% -3.55%
2016 20.28% 20.00%
2017 13.29% 13.34%

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.


Date Mid Cap Value Fund Russell Midcap® Value Index (Linked Index) S&P 500
6/30/2008 0.00 0.00 0.00
7/31/2008 -4.27 1.77 -0.84
8/31/2008 -1.39 5.88 0.59
9/30/2008 -17.25 -1.22 -8.37
10/31/2008 -38.37 -21.62 -23.76
11/30/2008 -45.68 -29.81 -29.23
12/31/2008 -43.05 -25.78 -28.48
1/31/2009 -44.56 -34.44 -34.51
2/28/2009 -49.68 -42.88 -41.48
3/31/2009 -44.75 -37.89 -36.35
4/30/2009 -36.32 -27.98 -30.26
5/31/2009 -33.50 -26.18 -26.36
6/30/2009 -31.98 -26.24 -26.21
7/31/2009 -26.93 -18.71 -20.63
8/31/2009 -23.83 -13.88 -17.77
9/30/2009 -20.55 -9.44 -14.70
10/31/2009 -24.55 -14.92 -16.28
11/30/2009 -21.45 -11.24 -11.26
12/31/2009 -17.64 -5.23 -9.55
1/31/2010 -20.27 -7.76 -12.80
2/28/2010 -17.26 -3.27 -10.10
3/31/2010 -12.27 3.83 -4.68
4/30/2010 -9.76 9.87 -3.17
5/31/2010 -17.36 1.07 -10.90
6/30/2010 -22.47 -6.72 -15.57
7/31/2010 -16.80 0.14 -9.65
8/31/2010 -21.01 -5.42 -13.73
9/30/2010 -12.52 3.90 -6.03
10/31/2010 -8.77 7.96 -2.46
11/30/2010 -7.69 9.83 -2.44
12/31/2010 -0.72 18.29 4.08
1/31/2011 1.02 20.10 6.54
2/28/2011 4.02 25.31 10.19
3/31/2011 5.42 27.37 10.24
4/30/2011 9.48 30.34 13.50
5/31/2011 8.83 28.81 12.22
6/30/2011 6.04 25.50 10.35
7/31/2011 2.26 20.81 8.10
8/31/2011 -6.54 10.92 2.23
9/30/2011 -17.08 -0.98 -4.96
10/31/2011 -6.88 12.81 5.43
11/30/2011 -7.32 12.55 5.20
12/31/2011 -8.18 14.31 6.27
1/31/2012 -4.40 20.81 11.04
2/29/2012 -1.18 24.31 15.84
3/31/2012 -0.16 27.48 19.65
4/30/2012 -2.14 26.71 18.90
5/31/2012 -9.80 18.87 11.75
6/30/2012 -8.93 23.63 16.36
7/31/2012 -9.27 23.10 17.97
8/31/2012 -6.54 27.25 20.63
9/30/2012 -4.16 30.85 23.75
10/31/2012 -2.92 30.35 21.46
11/30/2012 -1.37 32.13 22.17
12/31/2012 0.52 36.28 23.28
1/31/2013 7.16 45.56 29.67
2/28/2013 10.04 47.83 31.43
3/31/2013 14.29 54.47 36.36
4/30/2013 14.20 54.90 38.98
5/31/2013 19.10 58.47 42.24
6/30/2013 18.45 56.86 40.33
7/31/2013 26.48 65.84 47.47
8/31/2013 21.77 58.88 43.19
9/30/2013 27.44 66.95 47.69
10/31/2013 32.19 73.82 54.47
11/30/2013 34.55 77.44 59.18
12/31/2013 38.49 81.69 63.21
1/31/2014 34.58 76.85 57.57
2/28/2014 40.67 85.56 64.78
3/31/2014 43.14 88.09 66.16
4/30/2014 41.36 85.93 67.39
5/31/2014 43.92 87.85 71.32
6/30/2014 48.71 95.99 74.86
7/31/2014 43.61 86.55 72.45
8/31/2014 49.31 94.81 79.34
9/30/2014 42.05 83.44 76.83
10/31/2014 46.60 91.60 81.15
11/30/2014 50.21 91.83 86.02
12/31/2014 53.12 94.60 85.55
1/31/2015 47.93 89.68 79.98
2/28/2015 57.93 98.45 90.33
3/31/2015 57.46 100.48 87.32
4/30/2015 56.36 97.61 89.11
5/31/2015 58.57 100.03 91.54
6/30/2015 55.73 97.93 87.84
7/31/2015 53.71 97.66 91.77
8/31/2015 45.21 88.31 80.20
9/30/2015 38.19 82.03 75.74
10/31/2015 46.42 93.14 90.57
11/30/2015 48.95 93.70 91.13
12/31/2015 42.37 87.70 88.12
1/31/2016 31.80 77.33 78.78
2/29/2016 32.68 78.58 78.54
3/31/2016 45.49 95.06 90.66
4/30/2016 47.86 99.25 91.39
5/31/2016 51.43 102.51 94.83
6/30/2016 50.17 104.36 95.34
7/31/2016 56.31 113.02 102.54
8/31/2016 60.10 112.56 102.82
9/30/2016 60.94 113.45 102.86
10/31/2016 56.13 108.28 99.16
11/30/2016 67.44 121.31 106.54
12/31/2016 71.24 125.24 110.62
1/31/2017 74.54 129.03 114.61
2/28/2017 79.90 135.43 123.14
3/31/2017 77.53 133.71 123.40
4/30/2017 77.50 134.15 125.69
5/31/2017 76.16 133.43 128.87
6/30/2017 77.17 136.90 130.29
7/31/2017 80.32 140.04 135.03
8/31/2017 78.00 135.56 135.75
9/30/2017 84.01 141.98 140.61
10/31/2017 87.67 143.93 146.23
11/30/2017 92.03 152.18 153.78
12/31/2017 93.99 155.30 156.60
1/31/2018 98.92 161.16 171.29
2/28/2018 88.04 148.29 161.29
3/31/2018 88.31 148.91 154.65
4/30/2018 89.05 150.14 155.63
5/31/2018 91.01 152.86 161.79
6/30/2018 90.33 154.90 163.40

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.

$ per share as of 07/19/2018

Date 2013 2014 2015 2016 2017
Short Term
Long Term 3.4605
Total Amount of Distribution 3.4605
Record Date 12/5/17
Ex Div Date 12/6/17
Pay Date 12/6/17

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

Portfolio

Top Issuers

(38.2% of assets as of 06/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
United States 93.7% 99.5% -5.8%
Netherlands 1.7% - -
United Kingdom 0.8% 0.2% 0.6%
Israel 0.4% - -
Developed Markets Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Americas 93.7% 99.5% -5.8%
Europe 2.5% 0.2% 2.3%
Middle East 0.4% - -
Equity Sector Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Financials 22.4% 18.1% 4.3%
Consumer Discretionary 10.7% 11.6% -0.9%
Industrials 10.0% 11.8% -1.8%
Health Care 9.9% 6.4% 3.5%
Energy 9.8% 7.7% 2.1%
Information Technology 8.7% 8.9% -0.2%
Real Estate 8.4% 13.3% -4.9%
Utilities 7.3% 10.0% -2.7%
Materials 6.7% 6.3% 0.4%
Consumer Staples 2.5% 5.1% -2.6%
Industry Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Banks 10.9% 7.2% 3.7%
Equity Real Estate Investment Trusts (REITs) 8.4% 12.9% -4.4%
Oil Gas & Consumable Fuels 7.9% 6.8% 1.2%
Electric Utilities 5.7% 4.1% 1.5%
Capital Markets 4.8% 2.3% 2.5%
Machinery 4.4% 3.7% 0.6%
Insurance 4.4% 5.9% -1.6%
Pharmaceuticals 3.6% 0.7% 2.9%
Health Care Providers & Services 3.3% 2.0% 1.3%
Media 2.8% 2.4% 0.4%
Specialty Retail 2.7% 1.7% 1.0%
Semiconductors & Semiconductor Equipment 2.7% 1.5% 1.2%
Containers & Packaging 2.5% 1.7% 0.8%
Chemicals 2.3% 2.3% 0.0%
Leisure Products 2.1% 0.3% 1.8%
Software 2.0% 1.6% 0.4%
Health Care Equipment & Supplies 2.0% 1.8% 0.2%
Metals & Mining 1.9% 2.2% -0.4%
Energy Equipment & Services 1.9% 1.0% 0.9%
Diversified Financial Services 1.8% 0.4% 1.4%
Asset Allocation Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Equity 96.6% 100.0% -3.4%
Market Cap Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Mid 65.6% 59.7% 5.9%
Large 28.0% 38.5% -10.5%
Small 3.0% 1.8% 1.2%
Analytics
(As of 06/30/2018)

Morningstar 06/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
365
Category
Mid-Cap Value
Performance Statistics
3Y
5Y
Alpha
-2.53
-0.51
Beta
1.12
1.04
Information Ratio
-0.58
-0.07
R-Squared
93.87
92.34
Sharpe Ratio
0.55
0.83
Standard Deviation
12.10
11.82
Upside Capture
101.40
103.05
Downside Capture
121.08
107.87
Sortino Ratio
0.25
0.40
Win Ratio
39.00
43.00
Loss Ratio
61.00
57.00
Tracking Error
3.23
3.30
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
6/19/2018
Per Share ($)
$0.0671
12-Month Distribution ($)
$0.1725
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$12.95 B
$14.18 B
Median Market Cap (weighted)
$10.38 B
$13.01 B
P/E Ratio (LTM)
20.76
19.71
P/E Ratio (NTM)
15.29
15.40
Price/Book
2.31
2.01
Debt to Capital Ratio
45.16
45.48
Turnover Ratio
63%
-
Active Share
86.10%
-
Distribution Sources
  • D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Documents
  1. 1. Special Risks: Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Value investing involves the risk that undervalued securities may not appreciate as anticipated. 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. Diversification does not guarantee profit or protect against loss.
  2. 2. 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.
  3. 3. Access index definitions.
  4. 4. 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.
  5. 5. Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund. Market Cap breakdown is calculated using Morningstar's methodology and those capitalization standards may not align with those in the Fund’s prospectus.
  6. 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.
  7. 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.
  8. 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.
  9. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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