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QSCCX

Mid Cap Value Fund
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Overview

The Strategy typically invests in mid-sized value stocks.

Inception Date
September 1, 1993
Investment Style
Mid Cap Value
Fund Index
Russell Midcap® Value Index
CUSIP
68380E882
NAV
  • B
(as of 03/18/2019)
$39.16
Total Assets
(as of 02/28/2019)
$1.11 BN
Gross Expense Ratio
(as of 02/28/2019)
1.93%
Net Expense Ratio
(as of 02/28/2019)
1.93%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 02/28/2019
  • F
as of 12/31/2018
  • F

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • F
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (NAV)
-18.66% -18.66% 2.98% 2.03% 9.97% 7.15%
Russell Midcap® Value Index
-12.29% -12.29% 6.06% 4.27% 11.67% -
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (with sales charge)
-19.38% -19.38% 2.98% 2.03% 9.97% 7.15%
Russell Midcap® Value Index
-12.29% -12.29% 6.06% 4.27% 11.67% -
Cumulative
Annualized
ytd as of 2019-02-28
  • D
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (NAV)
13.84% -4.35% 10.12% 4.41% 12.81% 7.65%
Russell Midcap® Value Index
13.81% 2.63% 12.58% 6.55% 16.13% -
Cumulative
Annualized
ytd as of 2019-02-28
  • D
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (with sales charge)
12.84% -5.20% 10.12% 4.41% 12.81% 7.65%
Russell Midcap® Value Index
13.81% 2.63% 12.58% 6.55% 16.13% -
Gross Expense Ratio: 1.93% | Net Expense Ratio: 1.93%

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.


Year Mid Cap Value Fund Russell Midcap® Value Index
1994 -0.83% -1.31%
1995 11.71% 29.76%
1996 18.72% 22.21%
1997 23.72% 33.09%
1998 -10.53% -1.92%
1999 -1.91% 1.49%
2000 15.85% 20.79%
2001 11.55% 9.74%
2002 -11.09% -9.87%
2003 44.96% 44.93%
2004 27.21% 21.58%
2005 10.86% 7.74%
2006 17.06% 20.18%
2007 8.31% -7.27%
2008 -50.32% -31.99%
2009 43.57% 27.68%
2010 19.61% 24.82%
2011 -8.22% -3.36%
2012 8.59% 19.21%
2013 36.74% 33.32%
2014 9.74% 7.11%
2015 -7.75% -3.55%
2016 19.38% 20.00%
2017 12.47% 13.34%
2018 -18.66% -12.29%

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.


Date Mid Cap Value Fund Russell Midcap® Value Index (Linked Index) S&P 500
2/28/2009 0.00 0.00 0.00
3/31/2009 9.79 8.73 8.76
4/30/2009 26.54 26.07 19.17
5/31/2009 32.14 29.22 25.83
6/30/2009 35.16 29.13 26.08
7/31/2009 45.20 42.30 35.62
8/31/2009 51.35 50.76 40.52
9/30/2009 57.88 58.53 45.76
10/31/2009 49.94 48.95 43.05
11/30/2009 56.10 55.37 51.63
12/31/2009 63.67 65.90 54.56
1/31/2010 58.44 61.47 49.00
2/28/2010 64.41 69.33 53.62
3/31/2010 74.32 81.77 62.89
4/30/2010 79.31 92.33 65.46
5/31/2010 64.22 76.94 52.25
6/30/2010 54.06 63.29 44.28
7/31/2010 65.33 75.31 54.39
8/31/2010 56.96 65.57 47.42
9/30/2010 73.83 81.89 60.57
10/31/2010 81.28 88.99 66.68
11/30/2010 83.44 92.27 66.70
12/31/2010 97.29 107.07 77.84
1/31/2011 100.74 110.24 82.06
2/28/2011 106.71 119.37 88.30
3/31/2011 109.48 122.97 88.37
4/30/2011 117.55 128.16 93.95
5/31/2011 116.26 125.50 91.76
6/30/2011 110.71 119.70 88.56
7/31/2011 103.20 111.49 84.72
8/31/2011 85.71 94.18 74.69
9/30/2011 64.78 73.34 62.41
10/31/2011 85.04 97.48 80.16
11/30/2011 84.17 97.03 79.76
12/31/2011 82.45 100.12 81.60
1/31/2012 89.96 111.49 89.74
2/29/2012 96.37 117.61 97.94
3/31/2012 98.40 123.17 104.46
4/30/2012 94.46 121.81 103.17
5/31/2012 79.25 108.09 90.96
6/30/2012 80.97 116.42 98.83
7/31/2012 80.30 115.49 101.59
8/31/2012 85.71 122.76 106.13
9/30/2012 90.46 129.07 111.46
10/31/2012 92.92 128.19 107.56
11/30/2012 96.00 131.31 108.76
12/31/2012 99.75 138.56 110.66
1/31/2013 112.94 154.82 121.57
2/28/2013 118.67 158.79 124.58
3/31/2013 127.12 170.42 133.00
4/30/2013 126.93 171.16 137.49
5/31/2013 136.67 177.41 143.05
6/30/2013 135.38 174.60 139.79
7/31/2013 151.34 190.32 151.99
8/31/2013 141.97 178.14 144.69
9/30/2013 153.25 192.25 152.36
10/31/2013 162.68 204.28 163.96
11/30/2013 167.36 210.62 172.01
12/31/2013 175.19 218.07 178.89
1/31/2014 167.43 209.59 169.25
2/28/2014 179.53 224.83 181.57
3/31/2014 184.44 229.27 183.93
4/30/2014 180.90 225.48 186.03
5/31/2014 185.99 228.85 192.75
6/30/2014 195.51 243.09 198.79
7/31/2014 185.37 226.57 194.67
8/31/2014 196.70 241.02 206.46
9/30/2014 182.28 221.13 202.16
10/31/2014 191.33 235.41 209.54
11/30/2014 198.50 235.81 217.87
12/31/2014 204.27 240.67 217.07
1/31/2015 193.96 232.05 207.55
2/28/2015 213.82 247.40 225.23
3/31/2015 212.91 250.95 220.08
4/30/2015 210.72 245.93 223.15
5/31/2015 215.09 250.17 227.31
6/30/2015 209.45 246.50 220.97
7/31/2015 205.45 246.02 227.70
8/31/2015 188.55 229.66 207.93
9/30/2015 174.61 218.65 200.31
10/31/2015 190.96 238.10 225.64
11/30/2015 195.98 239.09 226.61
12/31/2015 182.92 228.59 221.46
1/31/2016 161.90 210.43 205.50
2/29/2016 163.66 212.61 205.09
3/31/2016 189.10 241.47 225.79
4/30/2016 193.81 248.80 227.05
5/31/2016 200.90 254.51 232.93
6/30/2016 198.40 257.74 233.79
7/31/2016 210.60 272.90 246.09
8/31/2016 218.15 272.11 246.58
9/30/2016 219.82 273.66 246.65
10/31/2016 210.25 264.61 240.32
11/30/2016 232.72 287.42 252.93
12/31/2016 240.28 294.30 259.90
1/31/2017 246.83 300.94 266.73
2/28/2017 257.49 312.13 281.29
3/31/2017 252.78 309.13 281.73
4/30/2017 252.71 309.90 285.65
5/31/2017 250.06 308.63 291.08
6/30/2017 252.07 314.72 293.52
7/31/2017 258.32 320.21 301.61
8/31/2017 253.71 312.36 302.84
9/30/2017 265.66 323.61 311.15
10/31/2017 272.93 327.02 320.75
11/30/2017 281.59 341.46 333.65
12/31/2017 285.49 346.92 338.47
1/31/2018 295.29 357.18 363.58
2/28/2018 273.66 334.66 346.49
3/31/2018 274.20 335.73 335.15
4/30/2018 275.68 337.89 336.82
5/31/2018 279.57 342.65 347.33
6/30/2018 278.21 346.22 350.09
7/31/2018 286.28 358.34 366.84
8/31/2018 295.15 364.59 382.05
9/30/2018 293.15 360.92 384.79
10/31/2018 254.29 327.72 351.66
11/30/2018 257.92 337.97 360.86
12/31/2018 215.95 291.99 319.25
1/31/2019 247.73 332.35 352.85
2/28/2019 260.08 346.11 367.39

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.

$ per share as of 03/18/2019

Date 2014 2015 2016 2017 2018
Short Term 0.2501
Long Term 3.4605 4.2722
Total Amount of Distribution 3.4605 4.5222
Record Date 12/5/17 12/4/18
Ex Div Date 12/6/17 12/6/18
Pay Date 12/6/17 12/6/18

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

Portfolio

Top Issuers

(40.2% of assets as of 02/28/2019)


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 92.1% 99.7% -7.6%
Netherlands 2.3% - -
Israel 0.4% - -
Developed Markets Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Americas 92.1% 99.7% -7.6%
Europe 2.3% - -
Middle East 0.4% - -
Equity Sector Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Financials 19.8% 18.1% 1.7%
Industrials 11.2% 12.1% -0.9%
Consumer Discretionary 11.1% 8.8% 2.2%
Information Technology 10.4% 8.9% 1.5%
Health Care 10.2% 6.9% 3.3%
Real Estate 9.6% 14.1% -4.5%
Energy 6.6% 5.8% 0.7%
Materials 5.4% 6.1% -0.7%
Consumer Staples 4.5% 4.9% -0.4%
Utilities 4.3% 11.1% -6.8%
Communication Services 1.8% 3.2% -1.4%
Industry Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Equity Real Estate Investment Trusts (REITs) 9.6% 13.6% -4.0%
Banks 8.9% 7.0% 1.8%
Insurance 6.5% 6.1% 0.4%
Oil Gas & Consumable Fuels 6.2% 5.2% 1.0%
Machinery 5.9% 4.1% 1.8%
Health Care Providers & Services 4.5% 1.8% 2.7%
Auto Components 3.5% 0.7% 2.8%
Electric Utilities 3.5% 4.5% -0.9%
IT Services 2.5% 2.6% -0.2%
Specialty Retail 2.5% 1.5% 1.0%
Diversified Financial Services 2.3% 0.4% 1.9%
Beverages 2.3% 0.3% 2.0%
Health Care Equipment & Supplies 2.2% 2.1% 0.1%
Software 2.2% 1.0% 1.2%
Leisure Products 2.1% 0.2% 1.8%
Road & Rail 2.0% 0.6% 1.4%
Chemicals 2.0% 2.3% -0.2%
Pharmaceuticals 1.8% 0.6% 1.1%
Containers & Packaging 1.8% 1.8% 0.0%
Semiconductors & Semiconductor Equipment 1.7% 1.6% 0.2%
Asset Allocation Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Equity 94.8% 100.0% -5.2%
Market Cap Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Mid 56.9% 58.8% -1.9%
Large 34.7% 38.1% -3.4%
Small 3.2% 3.1% 0.1%
Analytics
(As of 02/28/2019)

Morningstar 02/28/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
356
Category
Mid-Cap Value
Performance Statistics
3Y
5Y
Alpha
-3.03
-2.30
Beta
1.09
1.07
Information Ratio
-0.76
-0.60
R-Squared
95.47
93.70
Sharpe Ratio
0.66
0.33
Standard Deviation
14.32
13.80
Upside Capture
95.27
99.57
Downside Capture
111.75
114.86
Sortino Ratio
0.96
0.46
Win Ratio
44.00
43.00
Loss Ratio
56.00
57.00
Tracking Error
3.26
3.57
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$14.74 B
$14.68 B
Median Market Cap (weighted)
$11.35 B
$13.31 B
P/E Ratio (LTM)
15.99
17.44
P/E Ratio (NTM)
14.26
15.20
Price/Book
2.14
1.99
Debt to Capital Ratio
44.86
46.53
Turnover Ratio
71%
-
Active Share
81.07%
-
Dividends
  • E
Est. Frequency
Quarterly
Last Pay Date
12/6/2018
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0130
Distribution Sources
  • E
Net Income
0.80%
Net Profit from Sale
74.50%
Other Capital Sources
24.70%
Team
Documents
  1. 1. 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. The index returns are made up of the returns of (i) the Russell 2500™ Value Index from January, 3, 1989 through June 30, 2015, and (ii) The Russell Midcap® Value Index from July 1, 2015 to present.  Index performance includes total returns from when first available.  The Russell Midcap® Value Index measures the performance of the mid-cap value segment of the U.S. equity universe. It includes those Russell Midcap Index companies with lower price-to-book ratios and lower forecasted growth values.  The Russell 2500™ Value Index measures the performance of the small to mid-cap value segment of the U.S. equity universe. It includes those Russell 2500 Index companies with lower price-to-book ratios and lower forecasted growth values. The indices are unmanaged, are shown for illustrative purposes only, and cannot be purchased directly by investors.  Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
  4. 4. 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.
  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. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p>
  7. B. 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. C. 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. D. "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. E. There is no guarantee of the payment of any dividend or other distributions at any level.
  11. 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 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.
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