Spoof Access

×
QVSCX

Mid Cap Value Fund

×
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 12/13/2018)
$45.54
Total Assets
(as of 11/30/2018)
$1.15 BN
Gross Expense Ratio
(as of 11/30/2018)
1.16%
Net Expense Ratio
(as of 11/30/2018)
1.16%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 11/30/2018
  • B
as of 09/30/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (NAV)
2.00% 7.52% 12.71% 9.19% 9.11% 9.91%
Russell Midcap® Value Index
3.13% 8.81% 13.09% 9.54% 10.30% -
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (with sales charge)
-3.88% 1.33% 10.50% 7.91% 8.46% 9.69%
Russell Midcap® Value Index
3.13% 8.81% 13.09% 9.54% 10.30% -
Cumulative
Annualized
ytd as of 2018-11-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (NAV)
-7.14% -6.20% 6.54% 6.01% 12.74% 9.50%
Russell Midcap® Value Index
-2.00% -0.79% 8.90% 7.11% 13.55% -
Cumulative
Annualized
ytd as of 2018-11-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (with sales charge)
-12.49% -11.60% 4.45% 4.76% 12.07% 9.29%
Russell Midcap® Value Index
-2.00% -0.79% 8.90% 7.11% 13.55% -
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
11/30/2008 0.00 0.00 0.00
12/31/2008 4.85 5.75 1.06
1/31/2009 2.05 -6.59 -7.45
2/28/2009 -7.36 -18.61 -17.31
3/31/2009 1.71 -11.51 -10.06
4/30/2009 17.23 2.61 -1.46
5/31/2009 22.42 5.17 4.05
6/30/2009 25.22 5.09 4.26
7/31/2009 34.51 15.81 12.15
8/31/2009 40.22 22.70 16.20
9/30/2009 46.27 29.02 20.53
10/31/2009 38.91 21.23 18.29
11/30/2009 44.61 26.46 25.39
12/31/2009 51.63 35.02 27.81
1/31/2010 46.78 31.42 23.21
2/28/2010 52.31 37.81 27.03
3/31/2010 61.50 47.94 34.69
4/30/2010 66.12 56.53 36.82
5/31/2010 52.14 44.01 25.90
6/30/2010 42.73 32.90 19.31
7/31/2010 53.17 42.68 27.66
8/31/2010 45.41 34.75 21.90
9/30/2010 61.04 48.04 32.78
10/31/2010 67.94 53.82 37.83
11/30/2010 69.94 56.49 37.85
12/31/2010 82.77 68.53 47.06
1/31/2011 85.97 71.11 50.55
2/28/2011 91.50 78.54 55.71
3/31/2011 94.07 81.47 55.77
4/30/2011 101.54 85.70 60.38
5/31/2011 100.34 83.53 58.57
6/30/2011 95.21 78.81 55.92
7/31/2011 88.25 72.13 52.75
8/31/2011 72.05 58.04 44.45
9/30/2011 52.65 41.08 34.30
10/31/2011 71.42 60.72 48.98
11/30/2011 70.62 60.36 48.65
12/31/2011 69.03 62.87 50.17
1/31/2012 75.99 72.13 56.90
2/29/2012 81.92 77.11 63.68
3/31/2012 83.80 81.63 69.07
4/30/2012 80.15 80.53 68.01
5/31/2012 66.06 69.36 57.91
6/30/2012 67.66 76.14 64.42
7/31/2012 67.03 75.38 66.70
8/31/2012 72.05 81.30 70.46
9/30/2012 76.44 86.44 74.86
10/31/2012 78.72 85.72 71.63
11/30/2012 81.58 88.26 72.63
12/31/2012 85.05 94.16 74.20
1/31/2013 97.27 107.39 83.22
2/28/2013 102.58 110.63 85.71
3/31/2013 110.41 120.09 92.68
4/30/2013 110.23 120.69 96.39
5/31/2013 119.26 125.78 100.98
6/30/2013 118.06 123.49 98.28
7/31/2013 132.85 136.29 108.37
8/31/2013 124.17 126.37 102.34
9/30/2013 134.62 137.86 108.68
10/31/2013 143.35 147.65 118.27
11/30/2013 147.69 152.81 124.93
12/31/2013 154.94 158.87 130.62
1/31/2014 147.76 151.97 122.65
2/28/2014 158.97 164.38 132.83
3/31/2014 163.51 167.99 134.79
4/30/2014 160.23 164.91 136.52
5/31/2014 164.95 167.64 142.08
6/30/2014 173.77 179.23 147.08
7/31/2014 164.37 165.79 143.67
8/31/2014 174.87 177.55 153.42
9/30/2014 161.51 161.36 149.86
10/31/2014 169.89 172.98 155.97
11/30/2014 176.53 173.31 162.85
12/31/2014 181.88 177.27 162.19
1/31/2015 172.33 170.25 154.32
2/28/2015 190.73 182.74 168.93
3/31/2015 189.88 185.63 164.68
4/30/2015 187.86 181.55 167.22
5/31/2015 191.91 185.00 170.66
6/30/2015 186.68 182.01 165.42
7/31/2015 182.97 181.62 170.98
8/31/2015 167.32 168.30 154.63
9/30/2015 154.41 159.35 148.33
10/31/2015 169.56 175.18 169.28
11/30/2015 174.20 175.98 170.08
12/31/2015 162.10 167.43 165.82
1/31/2016 142.63 152.66 152.63
2/29/2016 144.26 154.43 152.29
3/31/2016 167.83 177.91 169.40
4/30/2016 172.19 183.88 170.44
5/31/2016 178.76 188.53 175.30
6/30/2016 176.45 191.16 176.01
7/31/2016 187.75 203.50 186.19
8/31/2016 194.74 202.85 186.59
9/30/2016 196.28 204.12 186.65
10/31/2016 187.42 196.75 181.42
11/30/2016 208.24 215.31 191.84
12/31/2016 215.24 220.92 197.61
1/31/2017 221.31 226.32 203.25
2/28/2017 231.19 235.43 215.29
3/31/2017 226.82 232.98 215.66
4/30/2017 226.76 233.61 218.90
5/31/2017 224.31 232.58 223.39
6/30/2017 226.16 237.53 225.41
7/31/2017 231.96 242.01 232.10
8/31/2017 227.68 235.61 233.12
9/30/2017 238.75 244.77 239.99
10/31/2017 245.49 247.54 247.92
11/30/2017 253.51 259.30 258.59
12/31/2017 257.12 263.74 262.58
1/31/2018 266.21 272.09 283.34
2/28/2018 246.17 253.76 269.21
3/31/2018 246.67 254.63 259.83
4/30/2018 248.04 256.39 261.21
5/31/2018 251.65 260.26 269.91
6/30/2018 250.38 263.17 272.19
7/31/2018 257.86 273.04 286.04
8/31/2018 266.08 278.12 298.61
9/30/2018 264.22 275.14 300.88
10/31/2018 228.22 248.11 273.48
11/30/2018 231.59 256.46 281.09

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 12/13/2018

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

(39.4% of assets as of 11/30/2018)


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 96.1% 99.7% -3.6%
Netherlands 2.3% - -
Israel 0.3% - -
Developed Markets Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Americas 96.1% 99.7% -3.6%
Europe 2.3% - -
Middle East 0.3% - -
Equity Sector Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Financials 20.0% 17.9% 2.1%
Health Care 12.5% 6.9% 5.6%
Industrials 11.6% 12.1% -0.5%
Real Estate 9.6% 13.8% -4.2%
Consumer Discretionary 8.8% 8.8% -0.1%
Information Technology 8.6% 8.6% 0.0%
Energy 7.1% 6.3% 0.9%
Utilities 6.5% 11.1% -4.6%
Consumer Staples 6.2% 5.1% 1.1%
Materials 6.1% 6.1% 0.0%
Communication Services 1.8% 3.3% -1.5%
Industry Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Equity Real Estate Investment Trusts (REITs) 9.6% 13.4% -3.8%
Banks 9.3% 7.0% 2.3%
Oil Gas & Consumable Fuels 6.5% 5.5% 1.0%
Machinery 6.1% 4.0% 2.1%
Insurance 5.7% 6.0% -0.3%
Health Care Providers & Services 5.1% 2.0% 3.1%
Electric Utilities 5.0% 4.4% 0.5%
Food Products 3.1% 3.6% -0.5%
Pharmaceuticals 3.1% 0.7% 2.4%
Health Care Equipment & Supplies 2.8% 2.0% 0.8%
Auto Components 2.7% 0.7% 2.1%
Capital Markets 2.6% 2.2% 0.4%
Specialty Retail 2.3% 1.6% 0.7%
Containers & Packaging 2.3% 1.8% 0.5%
Beverages 2.3% 0.3% 2.0%
IT Services 2.2% 2.6% -0.4%
Road & Rail 2.1% 0.6% 1.5%
Metals & Mining 2.0% 1.9% 0.1%
Software 2.0% 1.4% 0.6%
Leisure Products 2.0% 0.2% 1.8%
Asset Allocation Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Equity 98.7% 100.0% -1.3%
Market Cap Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Mid 62.2% 61.2% 1.0%
Large 32.9% 35.7% -2.8%
Small 3.6% 3.1% 0.5%
Analytics
(As of 11/30/2018)

Morningstar 11/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
364
Category
Mid-Cap Value
Performance Statistics
3Y
5Y
Alpha
-3.14
-1.38
Beta
1.14
1.07
Information Ratio
-0.69
-0.31
R-Squared
93.79
91.87
Sharpe Ratio
0.49
0.49
Standard Deviation
12.33
12.12
Upside Capture
97.08
102.36
Downside Capture
117.88
112.82
Sortino Ratio
0.70
0.72
Win Ratio
42.00
43.00
Loss Ratio
58.00
57.00
Tracking Error
3.42
3.55
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$14.55 B
$14.20 B
Median Market Cap (weighted)
$12.67 B
$13.08 B
P/E Ratio (LTM)
17.66
17.13
P/E Ratio (NTM)
13.75
14.64
Price/Book
2.10
1.94
Debt to Capital Ratio
44.59
45.88
Turnover Ratio
63%
-
Active Share
82.56%
-
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
12/6/2018
Per Share ($)
$0.0604
12-Month Distribution ($)
$0.2139
Distribution Sources
  • D
Net Income
0.80%
Net Profit from Sale
74.50%
Other Capital Sources
24.70%
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. 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.
×
Loading...
Tiny Button Small Button Large Button Default Button Secondary Button Framed Button Framed Button ( Small Caps )