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QSCIX

Mid Cap Value Fund

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 11/09/2018)
$55.23
Total Assets
(as of 10/31/2018)
$1.14 BN
Gross Expense Ratio
(as of 10/31/2018)
0.75%
Net Expense Ratio
(as of 10/31/2018)
0.75%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 10/31/2018
  • 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 2018-10-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (NAV)
-7.79% -4.61% 7.23% 6.61% - 9.45%
Russell Midcap® Value Index
-4.30% 0.16% 8.15% 7.05% 12.04% -
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
10/31/2008 0.00 0.00 0.00
11/30/2008 -11.84 -10.46 -7.18
12/31/2008 -7.58 -5.30 -6.19
1/31/2009 -10.01 -16.36 -14.09
2/28/2009 -18.24 -27.12 -23.24
3/31/2009 -10.26 -20.76 -16.52
4/30/2009 3.53 -8.12 -8.53
5/31/2009 8.14 -5.83 -3.41
6/30/2009 10.62 -5.89 -3.22
7/31/2009 18.90 3.70 4.10
8/31/2009 24.01 9.87 7.86
9/30/2009 29.41 15.53 11.88
10/31/2009 22.91 8.55 9.80
11/30/2009 28.02 13.23 16.39
12/31/2009 34.27 20.90 18.64
1/31/2010 30.01 17.68 14.37
2/28/2010 34.96 23.40 17.91
3/31/2010 43.14 32.47 25.03
4/30/2010 47.31 40.17 27.00
5/31/2010 34.96 28.95 16.86
6/30/2010 26.63 19.00 10.74
7/31/2010 35.91 27.76 18.50
8/31/2010 29.11 20.66 13.15
9/30/2010 43.00 32.56 23.25
10/31/2010 49.14 37.73 27.94
11/30/2010 50.98 40.12 27.96
12/31/2010 62.43 50.91 36.51
1/31/2011 65.31 53.22 39.75
2/28/2011 70.22 59.87 44.53
3/31/2011 72.55 62.50 44.59
4/30/2011 79.24 66.28 48.87
5/31/2011 78.20 64.34 47.19
6/30/2011 73.64 60.11 44.73
7/31/2011 67.49 54.13 41.79
8/31/2011 53.16 41.51 34.09
9/30/2011 35.91 26.33 24.66
10/31/2011 52.61 43.92 38.29
11/30/2011 51.97 43.59 37.98
12/31/2011 50.63 45.84 39.39
1/31/2012 56.83 54.13 45.64
2/29/2012 62.18 58.59 51.94
3/31/2012 63.92 62.64 56.94
4/30/2012 60.70 61.65 55.95
5/31/2012 48.15 51.65 46.58
6/30/2012 49.59 57.72 52.62
7/31/2012 49.09 57.04 54.74
8/31/2012 53.61 62.35 58.22
9/30/2012 57.62 66.94 62.31
10/31/2012 59.66 66.30 59.32
11/30/2012 62.23 68.57 60.24
12/31/2012 65.40 73.86 61.70
1/31/2013 76.40 85.70 70.08
2/28/2013 81.13 88.60 72.38
3/31/2013 88.20 97.08 78.85
4/30/2013 88.10 97.62 82.30
5/31/2013 96.21 102.17 86.56
6/30/2013 95.21 100.12 84.05
7/31/2013 108.45 111.58 93.42
8/31/2013 100.74 102.70 87.82
9/30/2013 110.15 112.99 93.71
10/31/2013 118.01 121.75 102.61
11/30/2013 121.94 126.38 108.79
12/31/2013 128.53 131.80 114.07
1/31/2014 122.19 125.62 106.67
2/28/2014 132.25 136.73 116.13
3/31/2014 136.52 139.97 117.94
4/30/2014 133.65 137.21 119.55
5/31/2014 137.88 139.66 124.71
6/30/2014 145.90 150.04 129.35
7/31/2014 137.51 138.00 126.19
8/31/2014 147.02 148.53 135.23
9/30/2014 135.04 134.03 131.94
10/31/2014 142.64 144.44 137.60
11/30/2014 148.67 144.73 143.99
12/31/2014 153.55 148.27 143.38
1/31/2015 144.97 141.99 136.07
2/28/2015 161.57 153.18 149.64
3/31/2015 160.85 155.76 145.69
4/30/2015 159.07 152.11 148.05
5/31/2015 162.84 155.20 151.24
6/30/2015 158.20 152.52 146.37
7/31/2015 154.89 152.17 151.53
8/31/2015 140.82 140.25 136.36
9/30/2015 129.23 132.23 130.51
10/31/2015 142.91 146.40 149.95
11/30/2015 147.15 147.12 150.70
12/31/2015 136.31 139.47 146.74
1/31/2016 118.82 126.24 134.50
2/29/2016 120.35 127.82 134.18
3/31/2016 141.62 148.85 150.07
4/30/2016 145.62 154.20 151.04
5/31/2016 151.55 158.36 155.55
6/30/2016 149.56 160.72 156.21
7/31/2016 159.77 171.76 165.66
8/31/2016 166.19 171.19 166.03
9/30/2016 167.62 172.32 166.08
10/31/2016 159.71 165.72 161.23
11/30/2016 178.52 182.34 170.90
12/31/2016 184.92 187.36 176.25
1/31/2017 190.48 192.19 181.49
2/28/2017 199.45 200.36 192.67
3/31/2017 195.62 198.17 193.01
4/30/2017 195.56 198.73 196.02
5/31/2017 193.45 197.80 200.19
6/30/2017 195.17 202.24 202.06
7/31/2017 200.44 206.24 208.27
8/31/2017 196.67 200.52 209.22
9/30/2017 206.73 208.72 215.59
10/31/2017 212.88 211.20 222.96
11/30/2017 220.23 221.73 232.86
12/31/2017 223.59 225.70 236.56
1/31/2018 231.83 233.19 255.83
2/28/2018 213.81 216.77 242.72
3/31/2018 214.31 217.55 234.01
4/30/2018 215.63 219.13 235.29
5/31/2018 218.92 222.59 243.37
6/30/2018 217.84 225.19 245.48
7/31/2018 224.66 234.03 258.34
8/31/2018 232.20 238.58 270.01
9/30/2018 230.59 235.91 272.12
10/31/2018 197.99 211.71 246.68

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 11/12/2018

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

(37.7% of assets as of 10/31/2018)


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 93.3% 99.7% -6.4%
Netherlands 2.2% - -
Israel 0.3% - -
Developed Markets Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Americas 93.3% 99.7% -6.4%
Europe 2.2% - -
Middle East 0.3% - -
Equity Sector Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Financials 19.3% 17.7% 1.5%
Health Care 11.4% 6.7% 4.7%
Industrials 10.7% 12.0% -1.3%
Real Estate 9.0% 13.3% -4.3%
Energy 8.9% 6.9% 2.0%
Consumer Discretionary 8.9% 8.8% 0.1%
Information Technology 7.7% 8.9% -1.2%
Utilities 6.4% 11.1% -4.7%
Consumer Staples 6.0% 5.2% 0.8%
Materials 5.8% 6.0% -0.3%
Communication Services 1.8% 3.4% -1.6%
Industry Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Banks 9.1% 7.0% 2.2%
Equity Real Estate Investment Trusts (REITs) 9.0% 12.9% -3.9%
Oil Gas & Consumable Fuels 7.6% 6.0% 1.6%
Insurance 5.3% 5.9% -0.6%
Machinery 5.3% 3.8% 1.6%
Electric Utilities 4.9% 4.7% 0.3%
Health Care Providers & Services 4.3% 2.0% 2.3%
Food Products 3.1% 3.7% -0.6%
Pharmaceuticals 3.0% 0.7% 2.3%
Specialty Retail 2.6% 1.6% 0.9%
Health Care Equipment & Supplies 2.6% 1.9% 0.8%
Capital Markets 2.4% 2.1% 0.3%
Beverages 2.2% 0.3% 1.9%
Road & Rail 2.1% 0.6% 1.5%
Leisure Products 2.0% 0.2% 1.7%
IT Services 2.0% 2.7% -0.7%
Containers & Packaging 2.0% 1.7% 0.3%
Auto Components 1.9% 0.7% 1.2%
Diversified Financial Services 1.9% 0.4% 1.5%
Metals & Mining 1.9% 1.9% 0.0%
Asset Allocation Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Equity 95.8% 100.0% -4.2%
Market Cap Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Mid 63.9% 65.5% -1.6%
Large 26.0% 30.1% -4.1%
Small 5.9% 4.4% 1.5%
Analytics
(As of 10/31/2018)

Morningstar 10/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
363
Category
Mid-Cap Value
Performance Statistics
3Y
5Y
Alpha
-1.73
-0.76
Beta
1.15
1.07
Information Ratio
-0.26
-0.12
R-Squared
93.71
92.16
Sharpe Ratio
0.55
0.54
Standard Deviation
12.34
12.13
Upside Capture
104.10
105.10
Downside Capture
116.44
111.53
Sortino Ratio
0.79
0.80
Win Ratio
47.00
45.00
Loss Ratio
53.00
55.00
Tracking Error
3.46
3.50
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$14.11 B
$13.89 B
Median Market Cap (weighted)
$11.02 B
$12.86 B
P/E Ratio (LTM)
17.65
17.11
P/E Ratio (NTM)
13.56
14.39
Price/Book
2.07
1.91
Debt to Capital Ratio
45.05
45.73
Turnover Ratio
63%
-
Active Share
82.82%
-
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
9/18/2018
Per Share ($)
$0.1520
12-Month Distribution ($)
$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 investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y 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.
  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, 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.
  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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