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QSCNX

Mid Cap Value Fund

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Overview

The Strategy typically invests in mid-sized value stocks.

Inception Date
March 1, 2001
Investment Style
Mid Cap Value
Fund Index
Russell Midcap® Value Index
CUSIP
68380E817
NAV
  • A
(as of 04/19/2018)
$54.45
Total Assets
(as of 03/31/2018)
$1.31 BN
Gross Expense Ratio
(as of 03/29/2018)
1.40%
Net Expense Ratio
(as of 03/29/2018)
1.40%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 03/31/2018
  • B
as of 03/31/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (NAV)
-2.99% 5.81% 5.89% 10.23% 6.19% 8.81%
Russell Midcap® Value Index
-2.50% 6.50% 7.48% 10.01% 9.41% -
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (with sales charge)
-2.99% 5.81% 5.89% 10.23% 6.19% 8.81%
Russell Midcap® Value Index
-2.50% 6.50% 7.48% 10.01% 9.41% -
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (NAV)
-2.99% 5.81% 5.89% 10.23% 6.19% 8.81%
Russell Midcap® Value Index
-2.50% 6.50% 7.48% 10.01% 9.41% -
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (with sales charge)
-2.99% 5.81% 5.89% 10.23% 6.19% 8.81%
Russell Midcap® Value Index
-2.50% 6.50% 7.48% 10.01% 9.41% -
Gross Expense Ratio: 1.40% | Net Expense Ratio: 1.40%

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 are subject to a 0.25% annual asset-backed sales charge. Prior to 7/1/14, Class R shares were named Class N shares and were subject to a 1% CDSC (18 months). Returns do not consider capital gains or income taxes on an individual's investment.


Year Mid Cap Value Fund Russell Midcap® Value Index
2002 -10.71% -9.87%
2003 45.79% 44.93%
2004 27.55% 21.58%
2005 11.35% 7.74%
2006 17.54% 20.18%
2007 8.75% -7.27%
2008 -50.11% -31.99%
2009 44.33% 27.68%
2010 20.26% 24.82%
2011 -7.79% -3.36%
2012 9.19% 19.21%
2013 37.45% 33.32%
2014 10.26% 7.11%
2015 -7.26% -3.55%
2016 19.98% 20.00%
2017 13.01% 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 are subject to a 0.25% annual asset-backed sales charge. Prior to 7/1/14, Class R shares were named Class N shares and were subject to a 1% CDSC (18 months). 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
3/31/2008 0.00 0.00 0.00
4/30/2008 5.95 4.62 4.87
5/31/2008 9.49 8.93 6.23
6/30/2008 -0.79 -1.24 -2.73
7/31/2008 -5.06 0.50 -3.54
8/31/2008 -2.25 4.56 -2.15
9/30/2008 -17.97 -2.44 -10.87
10/31/2008 -38.91 -22.59 -25.84
11/30/2008 -46.16 -30.68 -31.16
12/31/2008 -43.59 -26.70 -30.43
1/31/2009 -45.08 -35.25 -36.29
2/28/2009 -50.18 -43.58 -43.07
3/31/2009 -45.30 -38.66 -38.09
4/30/2009 -36.94 -28.88 -32.16
5/31/2009 -34.19 -27.10 -28.37
6/30/2009 -32.70 -27.15 -28.23
7/31/2009 -27.70 -19.72 -22.80
8/31/2009 -24.63 -14.95 -20.01
9/30/2009 -21.40 -10.57 -17.03
10/31/2009 -25.36 -15.97 -18.57
11/30/2009 -22.32 -12.34 -13.68
12/31/2009 -18.58 -6.41 -12.01
1/31/2010 -21.21 -8.91 -15.18
2/28/2010 -18.24 -4.47 -12.55
3/31/2010 -13.33 2.55 -7.28
4/30/2010 -10.86 8.50 -5.81
5/31/2010 -18.39 -0.18 -13.33
6/30/2010 -23.46 -7.88 -17.87
7/31/2010 -17.89 -1.10 -12.12
8/31/2010 -22.03 -6.59 -16.08
9/30/2010 -13.68 2.62 -8.59
10/31/2010 -9.97 6.62 -5.12
11/30/2010 -8.93 8.47 -5.10
12/31/2010 -2.09 16.82 1.24
1/31/2011 -0.38 18.61 3.64
2/28/2011 2.53 23.76 7.19
3/31/2011 3.92 25.79 7.23
4/30/2011 7.88 28.72 10.41
5/31/2011 7.21 27.22 9.16
6/30/2011 4.43 23.94 7.34
7/31/2011 0.66 19.31 5.16
8/31/2011 -8.01 9.55 -0.56
9/30/2011 -18.39 -2.21 -7.55
10/31/2011 -8.39 11.41 2.56
11/30/2011 -8.84 11.16 2.33
12/31/2011 -9.72 12.90 3.38
1/31/2012 -6.02 19.32 8.01
2/29/2012 -2.88 22.77 12.68
3/31/2012 -1.87 25.90 16.39
4/30/2012 -3.87 25.14 15.66
5/31/2012 -11.43 17.40 8.71
6/30/2012 -10.58 22.09 13.19
7/31/2012 -10.96 21.57 14.76
8/31/2012 -8.30 25.67 17.34
9/30/2012 -5.95 29.23 20.37
10/31/2012 -4.75 28.73 18.15
11/30/2012 -3.26 30.49 18.84
12/31/2012 -1.43 34.59 19.92
1/31/2013 5.06 43.76 26.13
2/28/2013 7.85 46.00 27.84
3/31/2013 11.99 52.56 32.64
4/30/2013 11.90 52.98 35.19
5/31/2013 16.68 56.50 38.36
6/30/2013 16.01 54.92 36.50
7/31/2013 23.83 63.79 43.44
8/31/2013 19.21 56.91 39.29
9/30/2013 24.72 64.88 43.66
10/31/2013 29.34 71.66 50.26
11/30/2013 31.62 75.24 54.84
12/31/2013 35.48 79.44 58.76
1/31/2014 31.64 74.66 53.27
2/28/2014 37.55 83.26 60.28
3/31/2014 39.90 85.76 61.63
4/30/2014 38.15 83.62 62.82
5/31/2014 40.60 85.52 66.65
6/30/2014 45.26 93.55 70.09
7/31/2014 40.26 84.24 67.74
8/31/2014 45.80 92.39 74.45
9/30/2014 38.67 81.17 72.01
10/31/2014 43.07 89.22 76.21
11/30/2014 46.58 89.45 80.95
12/31/2014 49.39 92.19 80.49
1/31/2015 44.28 87.33 75.07
2/28/2015 54.02 95.99 85.14
3/31/2015 53.51 97.99 82.21
4/30/2015 52.42 95.16 83.96
5/31/2015 54.53 97.55 86.32
6/30/2015 51.75 95.48 82.71
7/31/2015 49.73 95.21 86.54
8/31/2015 41.43 85.98 75.29
9/30/2015 34.57 79.77 70.95
10/31/2015 42.53 90.74 85.37
11/30/2015 44.96 91.30 85.92
12/31/2015 38.54 85.38 82.99
1/31/2016 28.25 75.13 73.91
2/29/2016 29.08 76.36 73.67
3/31/2016 41.50 92.64 85.46
4/30/2016 43.77 96.78 86.18
5/31/2016 47.19 100.00 89.52
6/30/2016 45.93 101.82 90.01
7/31/2016 51.86 110.37 97.02
8/31/2016 55.54 109.93 97.29
9/30/2016 56.33 110.80 97.33
10/31/2016 51.62 105.69 93.73
11/30/2016 62.54 118.56 100.90
12/31/2016 66.22 122.45 104.88
1/31/2017 69.39 126.19 108.76
2/28/2017 74.56 132.51 117.05
3/31/2017 72.23 130.81 117.30
4/30/2017 72.14 131.25 119.54
5/31/2017 70.82 130.53 122.63
6/30/2017 71.77 133.96 124.01
7/31/2017 74.76 137.07 128.62
8/31/2017 72.48 132.64 129.32
9/30/2017 78.26 138.98 134.05
10/31/2017 81.79 140.90 139.51
11/30/2017 85.99 149.05 146.86
12/31/2017 87.85 152.13 149.60
1/31/2018 92.56 157.92 163.89
2/28/2018 82.00 145.22 154.17
3/29/2018 82.24

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 are subject to a 0.25% annual asset-backed sales charge. Prior to 7/1/14, Class R shares were named Class N shares and were subject to a 1% CDSC (18 months). Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 04/20/2018

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

(36.9% of assets as of 03/31/2018)


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 92.4% 99.8% -7.3%
Netherlands 1.5% - -
Israel 1.4% - -
United Kingdom 1.2% 0.1% 1.1%
Developed Markets Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Americas 92.4% 99.8% -7.4%
Europe 2.7% 0.1% 2.6%
Middle East 1.4% - -
Equity Sector Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Financials 24.6% 21.0% 3.6%
Industrials 14.5% 12.1% 2.4%
Consumer Discretionary 9.9% 11.8% -2.0%
Information Technology 9.5% 6.7% 2.8%
Energy 8.0% 8.1% -0.2%
Health Care 7.4% 6.4% 1.1%
Utilities 7.3% 10.2% -2.9%
Real Estate 6.9% 13.6% -6.7%
Materials 6.5% 5.6% 1.0%
Consumer Staples 2.0% 3.9% -2.0%
Industry Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Banks 11.1% 7.6% 3.5%
Machinery 6.9% 4.1% 2.8%
Equity Real Estate Investment Trusts (REITs) 6.9% 13.0% -6.1%
Oil Gas & Consumable Fuels 6.6% 6.9% -0.3%
Insurance 5.5% 7.0% -1.5%
Electric Utilities 5.5% 4.0% 1.4%
Capital Markets 5.4% 3.0% 2.5%
Pharmaceuticals 4.3% 0.9% 3.4%
Electronic Equipment Instruments & Components 3.7% 0.9% 2.8%
Media 3.3% 2.1% 1.2%
Semiconductors & Semiconductor Equipment 2.8% 0.8% 2.0%
Containers & Packaging 2.3% 1.2% 1.2%
Software 2.0% 1.1% 0.9%
Air Freight & Logistics 2.0% 0.2% 1.8%
Aerospace & Defense 1.9% 2.2% -0.3%
Chemicals 1.8% 1.8% 0.0%
Specialty Retail 1.8% 2.1% -0.3%
Construction & Engineering 1.7% 0.7% 1.0%
Metals & Mining 1.7% 2.4% -0.7%
Diversified Financial Services 1.6% 0.4% 1.3%
Asset Allocation Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Equity 96.5% 100.0% -3.5%
Market Cap Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Mid 63.1% 62.6% 0.6%
Large 24.0% 33.7% -9.8%
Small 9.5% 3.7% 5.8%
Analytics
(As of 03/31/2018)

Morningstar 03/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
361
Category
Mid-Cap Value
Performance Statistics
3Y
5Y
Alpha
-2.12
-0.09
Beta
1.11
1.04
Information Ratio
-0.49
0.06
R-Squared
93.86
92.06
Sharpe Ratio
0.48
0.85
Standard Deviation
12.19
11.91
Upside Capture
103.29
105.02
Downside Capture
120.05
107.45
Sortino Ratio
0.22
0.41
Win Ratio
44.00
47.00
Loss Ratio
56.00
53.00
Tracking Error
3.24
3.39
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
12/6/2017
Per Share ($)
$0.0160
12-Month Distribution ($)
$0.0524
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$12.60 B
$14.00 B
Median Market Cap (weighted)
$11.30 B
$12.50 B
P/E Ratio (LTM)
20.14
20.76
P/E Ratio (NTM)
15.06
15.91
Price/Book
2.25
1.93
Debt to Capital Ratio
43.63
44.22
Turnover Ratio
63.00%
-
Active Share
86.30%
-
Distribution Sources
  • D
Net Income
1.10%
Net Profit from Sale
98.70%
Other Capital Sources
0.20%
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. Prior to 7/1/14, Class R shares were named Class N shares. Beginning 7/1/14, new purchases of Class R shares will no longer be subject to a CDSC upon redemption (any CDSC will remain in effect for purchases prior to 7/1/14),
  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. Access index definitions.
  5. 5. 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.
  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 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 are subject to a 0.25% annual asset-backed sales charge. Prior to 7/1/14, Class R shares were named Class N shares and were subject to a 1% CDSC (18 months). 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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