Bw eric hewitt 469x264

For Eric, working for a hedge fund was exciting at first, but ultimately he found the short-term outlook unsatisfying. “I learned a lot, but I prefer a longer-term approach to seeking value for investors,” he says. “I also like what we stand for and the way we listen to each other – and to our clients. For me, it’s all about the listening.”

  • B.A. from University of Wisconsin
  • M.B.A. from University of Minnesota


  • 22 YRS


  • 2 YRS


Value Equity Team

Michael Levine, CFA

Portfolio Manager

Laton Spahr, CFA

Value Team Leader

Kyle Bergacker

Research Analyst

Robert Herz, CFA

Senior Research Analyst

Daniel Hozian, CFA

Senior Research Analyst

Allison Lewis, CFA

Research Analyst

David R. Moore

Senior Research Analyst

Average Annual Total Returns (%) with sales charge as of 12/31/14
Fund Name Inception Date Managed Since YTD as of
  • 3/27/15
  • A,B
1 Yr 3 Yr 5 Yr 10 Yr Since Inception Gross Expense Ratio (%)
Small- & Mid- Cap Value Fund A - QVSCX 1/3/1989 3/11/2013 2.04 4.20 16.27 11.87 6.20 10.07 1.17


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. All fund returns include change in share price, reinvested distributions and the sales charges as listed below, unless "without sales charge" is indicated. Returns do not consider capital gains or income taxes on an individual's investment. Class A Share returns include a maximum sales charge of 5.75% (equity), 4.75% (most fixed income), 3.5% (Senior Floating Rate Fund, Senior Floating Rate Plus), 2.25% ("limited term" fixed income funds) and 0% (Money Market Funds). Class B Share returns include contingent deferred sales charge as follows:  For years 1 - 6 respectively, charges are 5%, 4%, 3%, 3%, 2%, 1% except for "limited term" fixed income funds (4%, 3%, 2%, 2%, 1%, 0%) and Senior Floating Rate (3%, 2% 1.5%, 1.5%, 1%, 0%). Class C Share returns include a 1% contingent deferred sales charge and are subject to an annual asset-based sales charge of 0.75%. Class R  are subject to an annual asset-based sales charge of 0.25%. Annual asset-based sales charges are applied as follows: 0.75% on Class B/C; and 0.25%  for Class R shares. Prior to 7/1/14, Class R shares were named Class N shares and were subject to a 1% CDSC (18 months). Class Y shares are not subject to a sales charge. 

  1. 1. Special Risks: Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes 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, more established businesses, as these stocks tend to be more sensitive to changes in earnings expectations. It may take a substantial period of time to realize a gain on an investment in a small or mid-sized company, if any gain is realized at all. Diversification does not guarantee profit or protect against loss.
  2. 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 p.m. ET daily.
  3. B. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges.  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.
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