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QSCIX

Mid Cap Value Fund

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Overview

The Strategy typically invests in mid-sized value stocks.

Inception Date
February 28, 2012
Investment Style
Mid Cap Value
Fund Index
Russell Midcap® Value Index
CUSIP
68380E767
NAV
  • A
(as of 09/21/2018)
$60.10
Total Assets
(as of 08/31/2018)
$1.30 BN
Gross Expense Ratio
(as of 08/31/2018)
0.75%
Net Expense Ratio
(as of 08/31/2018)
0.75%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 08/31/2018
  • B
as of 06/30/2018
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr since inception
Mid Cap Value Fund (NAV)
1.15% -1.70% 7.86% 7.37% 10.42% 11.09%
Russell Midcap® Value Index
2.41% -0.16% 7.60% 8.80% 10.20% -
Cumulative
Annualized
3 mo ytd as of 2018-08-31
  • C
1 yr 3 yr 5 yr since inception
Mid Cap Value Fund (NAV)
4.22% 2.78% 12.18% 11.52% 10.77% 11.55%
Russell Midcap® Value Index
4.96% 3.95% 12.67% 12.12% 10.81% -
Gross Expense Ratio: 0.75% | Net Expense Ratio: 0.75%

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 Mid Cap Value Fund Russell Midcap® Value Index
2013 38.48% 33.32%
2014 11.02% 7.11%
2015 -6.64% -3.55%
2016 20.81% 20.00%
2017 13.77% 13.34%

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 Mid Cap Value Fund Russell Midcap® Value Index (Linked Index) S&P 500
8/31/2013 0.00 0.00 0.00
9/30/2013 4.68 5.07 3.14
10/31/2013 8.64 9.40 7.88
11/30/2013 10.60 11.68 11.16
12/31/2013 13.90 14.36 13.98
1/31/2014 10.72 11.31 10.04
2/28/2014 15.75 16.79 15.07
3/31/2014 17.83 18.38 16.04
4/30/2014 16.41 17.02 16.90
5/31/2014 18.56 18.23 19.64
6/30/2014 22.54 23.35 22.11
7/31/2014 18.37 17.41 20.43
8/31/2014 23.12 22.61 25.25
9/30/2014 17.16 15.46 23.49
10/31/2014 20.98 20.59 26.51
11/30/2014 23.99 20.74 29.91
12/31/2014 26.45 22.48 29.58
1/31/2015 22.21 19.38 25.69
2/28/2015 30.52 24.90 32.91
3/31/2015 30.15 26.18 30.81
4/30/2015 29.28 24.37 32.07
5/31/2015 31.18 25.90 33.77
6/30/2015 28.88 24.58 31.18
7/31/2015 27.24 24.41 33.92
8/31/2015 20.26 18.52 25.84
9/30/2015 14.49 14.57 22.73
10/31/2015 21.36 21.56 33.08
11/30/2015 23.49 21.92 33.48
12/31/2015 18.07 18.14 31.37
1/31/2016 9.36 11.61 24.85
2/29/2016 10.13 12.39 24.69
3/31/2016 20.80 22.77 33.14
4/30/2016 22.81 25.41 33.66
5/31/2016 25.81 27.46 36.06
6/30/2016 24.81 28.62 36.41
7/31/2016 29.96 34.07 41.44
8/31/2016 33.17 33.79 41.64
9/30/2016 33.92 34.34 41.67
10/31/2016 29.98 31.09 39.08
11/30/2016 39.42 39.29 44.23
12/31/2016 42.64 41.76 47.09
1/31/2017 45.45 44.15 49.88
2/28/2017 49.98 48.18 55.83
3/31/2017 48.04 47.10 56.01
4/30/2017 48.04 47.37 57.61
5/31/2017 47.02 46.92 59.83
6/30/2017 47.90 49.10 60.83
7/31/2017 50.57 51.08 64.13
8/31/2017 48.69 48.26 64.64
9/30/2017 53.76 52.30 68.03
10/31/2017 56.87 53.53 71.95
11/30/2017 60.58 58.72 77.23
12/31/2017 62.29 60.68 79.20
1/31/2018 66.46 64.37 89.46
2/28/2018 57.42 56.27 82.47
3/31/2018 57.71 56.66 77.84
4/30/2018 58.38 57.44 78.52
5/31/2018 60.05 59.15 82.82
6/30/2018 59.53 60.43 83.94
7/31/2018 62.99 64.79 90.79
8/31/2018 66.81 67.04 97.01

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 09/22/2018

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

(39.1% of assets as of 08/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
United States 95.9% 99.5% -3.7%
Netherlands 1.8% - -
Israel 0.3% - -
Developed Markets Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Americas 95.9% 99.5% -3.7%
Europe 1.8% 0.2% 1.6%
Middle East 0.3% - -
Equity Sector Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Financials 21.8% 18.2% 3.6%
Consumer Discretionary 10.6% 11.3% -0.7%
Health Care 10.4% 6.7% 3.7%
Industrials 10.3% 12.4% -2.0%
Energy 10.0% 7.7% 2.3%
Real Estate 8.5% 12.9% -4.5%
Information Technology 7.9% 9.3% -1.4%
Materials 7.1% 6.1% 1.0%
Utilities 6.9% 10.0% -3.1%
Consumer Staples 4.6% 5.0% -0.4%
Industry Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Banks 11.2% 7.3% 3.9%
Equity Real Estate Investment Trusts (REITs) 8.5% 12.5% -4.0%
Oil Gas & Consumable Fuels 8.5% 6.7% 1.8%
Electric Utilities 5.4% 4.2% 1.2%
Machinery 4.6% 3.9% 0.7%
Insurance 4.3% 5.9% -1.6%
Health Care Providers & Services 4.2% 2.0% 2.1%
Capital Markets 3.8% 2.2% 1.5%
Specialty Retail 3.0% 1.6% 1.4%
Pharmaceuticals 2.7% 0.8% 2.0%
Chemicals 2.6% 2.3% 0.2%
Containers & Packaging 2.6% 1.7% 0.9%
Health Care Equipment & Supplies 2.3% 1.8% 0.5%
Leisure Products 2.2% 0.3% 2.0%
Software 2.1% 1.7% 0.3%
Food Products 2.1% 3.4% -1.3%
Road & Rail 2.0% 0.6% 1.3%
Metals & Mining 2.0% 1.9% 0.0%
Diversified Financial Services 1.9% 0.4% 1.5%
Beverages 1.8% 0.3% 1.5%
Asset Allocation Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Equity 98.0% 100.0% -2.0%
Market Cap Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Mid 64.6% 61.5% 3.1%
Large 30.2% 36.6% -6.4%
Small 3.3% 1.9% 1.3%
Analytics
(As of 08/31/2018)

Morningstar 08/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
372
Category
Mid-Cap Value
Performance Statistics
3Y
5Y
Alpha
-1.58
-0.30
Beta
1.11
1.04
Information Ratio
-0.18
-0.01
R-Squared
93.11
91.70
Sharpe Ratio
0.93
0.92
Standard Deviation
11.52
11.36
Upside Capture
103.50
103.92
Downside Capture
115.40
108.21
Sortino Ratio
1.56
1.52
Win Ratio
44.00
43.00
Loss Ratio
56.00
57.00
Tracking Error
3.21
3.29
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$14.59 B
$14.87 B
Median Market Cap (weighted)
$11.84 B
$14.05 B
P/E Ratio (LTM)
20.23
19.51
P/E Ratio (NTM)
15.64
15.71
Price/Book
2.46
2.10
Debt to Capital Ratio
44.07
45.45
Turnover Ratio
63%
-
Active Share
84.00%
-
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
9/18/2018
Per Share ($)
$0.1520
12-Month Distribution ($)
$0.4053
Distribution Sources
  • D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
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. 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.
  3. 3. 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.
  4. 4. 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.
  5. 5. 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.
  6. 6. 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.
  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 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.
  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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