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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 10/19/2018)
$55.37
Total Assets
(as of 09/30/2018)
$1.28 BN
Gross Expense Ratio
(as of 09/30/2018)
0.75%
Net Expense Ratio
(as of 09/30/2018)
0.75%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 09/30/2018
  • F
as of 09/30/2018
  • F

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (NAV)
2.29% 7.97% 13.18% 9.66% - 11.32%
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 (NAV)
2.29% 7.97% 13.18% 9.66% - 11.32%
Russell Midcap® Value Index
3.13% 8.81% 13.09% 9.54% 10.30% -
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
9/30/2008 0.00 0.00 0.00
10/31/2008 -25.52 -20.65 -16.79
11/30/2008 -34.36 -28.95 -22.77
12/31/2008 -31.17 -24.86 -21.94
1/31/2009 -33.01 -33.63 -28.52
2/28/2009 -39.19 -42.17 -36.13
3/31/2009 -33.23 -37.12 -30.54
4/30/2009 -23.05 -27.10 -23.89
5/31/2009 -19.64 -25.27 -19.63
6/30/2009 -17.80 -25.33 -19.47
7/31/2009 -11.70 -17.71 -13.38
8/31/2009 -7.96 -12.82 -10.26
9/30/2009 -3.99 -8.33 -6.91
10/31/2009 -8.82 -13.87 -8.64
11/30/2009 -5.07 -10.15 -3.16
12/31/2009 -0.47 -4.07 -1.29
1/31/2010 -3.65 -6.63 -4.84
2/28/2010 -0.02 -2.08 -1.89
3/31/2010 6.01 5.11 4.03
4/30/2010 9.05 11.22 5.67
5/31/2010 -0.13 2.32 -2.76
6/30/2010 -6.31 -5.57 -7.85
7/31/2010 0.55 1.38 -1.40
8/31/2010 -4.55 -4.26 -5.85
9/30/2010 5.71 5.18 2.55
10/31/2010 10.24 9.29 6.45
11/30/2010 11.55 11.18 6.47
12/31/2010 19.98 19.74 13.58
1/31/2011 22.08 21.57 16.28
2/28/2011 25.71 26.85 20.26
3/31/2011 27.39 28.94 20.31
4/30/2011 32.30 31.94 23.87
5/31/2011 31.51 30.40 22.47
6/30/2011 28.14 27.04 20.43
7/31/2011 23.57 22.30 17.98
8/31/2011 12.94 12.29 11.57
9/30/2011 0.21 0.24 3.73
10/31/2011 12.53 14.19 15.06
11/30/2011 12.00 13.94 14.81
12/31/2011 10.96 15.72 15.98
1/31/2012 15.52 22.30 21.18
2/29/2012 19.42 25.84 26.42
3/31/2012 20.65 29.05 30.58
4/30/2012 18.26 28.27 29.76
5/31/2012 9.01 20.33 21.96
6/30/2012 10.06 25.15 26.99
7/31/2012 9.64 24.61 28.75
8/31/2012 12.94 28.82 31.65
9/30/2012 15.82 32.46 35.05
10/31/2012 17.32 31.95 32.56
11/30/2012 19.19 33.76 33.33
12/31/2012 21.48 37.96 34.54
1/31/2013 29.50 47.35 41.51
2/28/2013 32.98 49.65 43.43
3/31/2013 38.12 56.38 48.81
4/30/2013 38.01 56.80 51.68
5/31/2013 43.93 60.42 55.23
6/30/2013 43.14 58.79 53.14
7/31/2013 52.85 67.88 60.94
8/31/2013 47.15 60.84 56.27
9/30/2013 54.01 69.00 61.18
10/31/2013 59.75 75.96 68.58
11/30/2013 62.59 79.63 73.72
12/31/2013 67.35 83.93 78.12
1/31/2014 62.64 79.03 71.96
2/28/2014 70.00 87.84 79.83
3/31/2014 72.98 90.41 81.34
4/30/2014 70.82 88.22 82.68
5/31/2014 73.92 90.16 86.97
6/30/2014 79.71 98.40 90.83
7/31/2014 73.54 88.85 88.20
8/31/2014 80.43 97.20 95.73
9/30/2014 71.67 85.70 92.98
10/31/2014 77.17 93.96 97.70
11/30/2014 81.53 94.19 103.01
12/31/2014 85.04 97.00 102.50
1/31/2015 78.77 92.01 96.42
2/28/2015 90.85 100.89 107.71
3/31/2015 90.29 102.94 104.43
4/30/2015 88.96 100.04 106.39
5/31/2015 91.62 102.49 109.04
6/30/2015 88.19 100.37 104.99
7/31/2015 85.75 100.09 109.29
8/31/2015 75.48 90.63 96.66
9/30/2015 67.00 84.27 91.80
10/31/2015 76.95 95.52 107.98
11/30/2015 79.99 96.09 108.59
12/31/2015 72.05 90.01 105.30
1/31/2016 59.27 79.52 95.12
2/29/2016 60.34 80.77 94.85
3/31/2016 75.82 97.46 108.07
4/30/2016 78.68 101.70 108.88
5/31/2016 82.99 105.00 112.63
6/30/2016 81.47 106.87 113.18
7/31/2016 88.89 115.64 121.04
8/31/2016 93.48 115.18 121.35
9/30/2016 94.49 116.08 121.39
10/31/2016 88.67 110.84 117.35
11/30/2016 102.34 124.03 125.40
12/31/2016 106.93 128.01 129.86
1/31/2017 110.92 131.85 134.22
2/28/2017 117.40 138.33 143.52
3/31/2017 114.54 136.59 143.80
4/30/2017 114.50 137.03 146.31
5/31/2017 112.89 136.30 149.77
6/30/2017 114.11 139.82 151.33
7/31/2017 117.91 143.00 156.50
8/31/2017 115.10 138.46 157.28
9/30/2017 122.37 144.96 162.59
10/31/2017 126.79 146.93 168.72
11/30/2017 132.06 155.29 176.96
12/31/2017 134.43 158.44 180.04
1/31/2018 140.39 164.38 196.07
2/28/2018 127.24 151.35 185.16
3/31/2018 127.57 151.97 177.91
4/30/2018 128.46 153.22 178.98
5/31/2018 130.83 155.97 185.70
6/30/2018 130.00 158.03 187.46
7/31/2018 134.91 165.05 198.15
8/31/2018 140.31 168.66 207.87
9/30/2018 139.09 166.54 209.62

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 10/20/2018

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

(38.6% of assets as of 09/30/2018)


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 94.1% 99.7% -5.6%
Netherlands 1.9% - -
Israel 0.4% - -
Developed Markets Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Americas 94.1% 99.7% -5.6%
Europe 1.9% - -
Middle East 0.4% - -
Equity Sector Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Financials 19.8% 17.5% 2.3%
Industrials 11.5% 12.6% -1.0%
Health Care 11.0% 6.8% 4.2%
Energy 10.6% 7.9% 2.7%
Consumer Discretionary 9.1% 9.0% 0.2%
Real Estate 8.4% 12.7% -4.4%
Information Technology 7.5% 9.1% -1.5%
Materials 6.0% 6.1% -0.1%
Utilities 5.8% 10.1% -4.3%
Consumer Staples 4.9% 4.9% 0.0%
Communication Services 1.7% 3.3% -1.6%
Industry Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Banks 10.1% 6.9% 3.2%
Oil Gas & Consumable Fuels 8.9% 7.0% 1.9%
Equity Real Estate Investment Trusts (REITs) 8.4% 12.3% -3.9%
Machinery 5.6% 4.1% 1.5%
Electric Utilities 4.5% 4.2% 0.3%
Health Care Providers & Services 4.3% 2.1% 2.2%
Insurance 4.2% 5.8% -1.6%
Specialty Retail 3.2% 1.6% 1.5%
Capital Markets 3.0% 2.1% 0.9%
Pharmaceuticals 2.8% 0.7% 2.0%
Health Care Equipment & Supplies 2.7% 1.9% 0.7%
Leisure Products 2.3% 0.3% 2.0%
Food Products 2.3% 3.4% -1.1%
Containers & Packaging 2.1% 1.7% 0.4%
Chemicals 2.0% 2.4% -0.4%
Road & Rail 2.0% 0.6% 1.4%
Software 1.9% 1.6% 0.3%
Diversified Financial Services 1.9% 0.4% 1.5%
Beverages 1.9% 0.2% 1.7%
Metals & Mining 1.9% 1.9% 0.0%
Asset Allocation Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Equity 96.4% 100.0% -3.6%
Market Cap Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Mid 60.4% 61.9% -1.5%
Large 31.2% 35.5% -4.3%
Small 4.8% 2.6% 2.1%
Analytics
(As of 09/30/2018)

Morningstar 09/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
373
Category
Mid-Cap Value
Performance Statistics
3Y
5Y
Alpha
-0.85
-0.15
Beta
1.09
1.04
Information Ratio
0.03
0.04
R-Squared
92.74
91.56
Sharpe Ratio
1.10
0.83
Standard Deviation
11.04
11.24
Upside Capture
103.50
104.53
Downside Capture
108.49
107.45
Sortino Ratio
1.93
1.37
Win Ratio
47.00
45.00
Loss Ratio
53.00
55.00
Tracking Error
3.10
3.29
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$14.73 B
$14.73 B
Median Market Cap (weighted)
$11.57 B
$13.61 B
P/E Ratio (LTM)
20.13
19.43
P/E Ratio (NTM)
15.36
15.58
Price/Book
2.46
2.07
Debt to Capital Ratio
44.91
45.52
Turnover Ratio
63%
-
Active Share
83.57%
-
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
9/18/2018
Per Share ($)
$0.1520
12-Month Distribution ($)
$0.4473
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. 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. 6. 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.
  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, 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. 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.
  11. E. 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.
  12. F. 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.
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