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QSCYX

Mid Cap Value Fund

Overview

The Strategy typically invests in mid-sized value stocks.

Inception Date
October 24, 2005
Investment Style
Mid Cap Value
Fund Index
Russell Midcap® Value Index
CUSIP
68380E783
NAV
  • A
(as of 05/18/2018)
$58.68
Total Assets
(as of 04/30/2018)
$1.29 BN
Gross Expense Ratio
(as of 04/30/2018)
0.91%
Net Expense Ratio
(as of 04/30/2018)
0.91%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2018
  • B
as of 03/31/2018
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (NAV)
-2.87% 6.33% 6.41% 10.80% 6.79% 7.01%
Russell Midcap® Value Index
-2.50% 6.50% 7.48% 10.01% 9.41% -
Cumulative
Annualized
ytd as of 2018-04-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (NAV)
-2.46% 6.79% 6.81% 10.91% 6.21% 7.00%
Russell Midcap® Value Index
-2.02% 6.83% 8.17% 10.06% 8.97% -
Gross Expense Ratio: 0.91% | Net Expense Ratio: 0.91%

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.


Year Mid Cap Value Fund Russell Midcap® Value Index
2006 18.51% 20.18%
2007 9.53% -7.27%
2008 -49.76% -31.99%
2009 45.28% 27.68%
2010 20.98% 24.82%
2011 -7.27% -3.36%
2012 9.80% 19.21%
2013 38.17% 33.32%
2014 10.95% 7.11%
2015 -6.79% -3.55%
2016 20.57% 20.00%
2017 13.57% 13.34%

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.


Date Mid Cap Value Fund Russell Midcap® Value Index (Linked Index) S&P 500
4/30/2008 0.00 0.00 0.00
5/31/2008 3.44 4.13 1.30
6/30/2008 -6.22 -5.60 -7.24
7/31/2008 -10.21 -3.93 -8.02
8/31/2008 -7.46 -0.05 -6.69
9/30/2008 -22.32 -6.75 -15.01
10/31/2008 -42.11 -26.01 -29.28
11/30/2008 -48.97 -33.74 -34.36
12/31/2008 -46.50 -29.93 -33.66
1/31/2009 -47.90 -38.11 -39.25
2/28/2009 -52.67 -46.07 -45.72
3/31/2009 -48.05 -41.37 -40.96
4/30/2009 -40.07 -32.02 -35.31
5/31/2009 -37.40 -30.32 -31.69
6/30/2009 -35.96 -30.37 -31.56
7/31/2009 -31.17 -23.27 -26.38
8/31/2009 -28.21 -18.70 -23.72
9/30/2009 -25.09 -14.51 -20.88
10/31/2009 -28.85 -19.68 -22.35
11/30/2009 -25.89 -16.21 -17.69
12/31/2009 -22.27 -10.54 -16.10
1/31/2010 -24.74 -12.93 -19.12
2/28/2010 -21.87 -8.69 -16.61
3/31/2010 -17.14 -1.98 -11.58
4/30/2010 -14.72 3.71 -10.19
5/31/2010 -21.87 -4.58 -17.36
6/30/2010 -26.69 -11.94 -21.68
7/31/2010 -21.33 -5.46 -16.20
8/31/2010 -25.26 -10.72 -19.98
9/30/2010 -17.22 -1.91 -12.84
10/31/2010 -13.66 1.91 -9.52
11/30/2010 -12.60 3.68 -9.51
12/31/2010 -5.97 11.66 -3.46
1/31/2011 -4.31 13.37 -1.17
2/28/2011 -1.46 18.29 2.21
3/31/2011 -0.11 20.24 2.25
4/30/2011 3.76 23.04 5.28
5/31/2011 3.16 21.60 4.09
6/30/2011 0.52 18.47 2.35
7/31/2011 -3.04 14.05 0.27
8/31/2011 -11.34 4.71 -5.18
9/30/2011 -21.33 -6.53 -11.84
10/31/2011 -11.65 6.49 -2.21
11/30/2011 -12.03 6.25 -2.42
12/31/2011 -12.80 7.91 -1.42
1/31/2012 -9.21 14.05 2.99
2/29/2012 -6.11 17.35 7.45
3/31/2012 -5.11 20.34 10.98
4/30/2012 -6.97 19.61 10.29
5/31/2012 -14.24 12.22 3.66
6/30/2012 -13.40 16.70 7.93
7/31/2012 -13.69 16.20 9.43
8/31/2012 -11.08 20.13 11.89
9/30/2012 -8.75 23.53 14.78
10/31/2012 -7.58 23.05 12.66
11/30/2012 -6.09 24.73 13.32
12/31/2012 -4.25 28.65 14.35
1/31/2013 2.12 37.41 20.27
2/28/2013 4.85 39.56 21.91
3/31/2013 8.94 45.83 26.48
4/30/2013 8.89 46.23 28.92
5/31/2013 13.58 49.60 31.93
6/30/2013 13.01 48.08 30.16
7/31/2013 20.67 56.56 36.78
8/31/2013 16.21 49.99 32.82
9/30/2013 21.65 57.60 36.99
10/31/2013 26.20 64.08 43.28
11/30/2013 28.48 67.51 47.65
12/31/2013 32.29 71.52 51.39
1/31/2014 28.62 66.95 46.15
2/28/2014 34.45 75.17 52.84
3/31/2014 36.92 77.56 54.12
4/30/2014 35.25 75.52 55.26
5/31/2014 37.71 77.33 58.91
6/30/2014 42.35 85.01 62.19
7/31/2014 37.49 76.11 59.95
8/31/2014 42.99 83.90 66.35
9/30/2014 36.06 73.17 64.02
10/31/2014 40.46 80.87 68.03
11/30/2014 43.95 81.09 72.54
12/31/2014 46.78 83.71 72.11
1/31/2015 41.81 79.06 66.94
2/28/2015 51.42 87.34 76.54
3/31/2015 51.00 89.25 73.75
4/30/2015 49.97 86.55 75.41
5/31/2015 52.15 88.83 77.67
6/30/2015 49.47 86.85 74.23
7/31/2015 47.55 86.59 77.88
8/31/2015 39.41 77.77 67.15
9/30/2015 32.70 71.84 63.01
10/31/2015 40.62 82.33 76.76
11/30/2015 43.07 82.86 77.29
12/31/2015 36.80 77.20 74.49
1/31/2016 26.67 67.40 65.83
2/29/2016 27.56 68.58 65.61
3/31/2016 39.87 84.14 76.84
4/30/2016 42.18 88.09 77.53
5/31/2016 45.62 91.17 80.72
6/30/2016 44.47 92.92 81.19
7/31/2016 50.38 101.09 87.87
8/31/2016 54.09 100.66 88.13
9/30/2016 54.92 101.50 88.17
10/31/2016 50.34 96.62 84.73
11/30/2016 61.23 108.92 91.57
12/31/2016 64.94 112.63 95.36
1/31/2017 68.16 116.21 99.07
2/28/2017 73.35 122.25 106.97
3/31/2017 71.13 120.63 107.21
4/30/2017 71.10 121.04 109.34
5/31/2017 69.87 120.36 112.29
6/30/2017 70.87 123.64 113.61
7/31/2017 73.92 126.60 118.00
8/31/2017 71.74 122.37 118.67
9/30/2017 77.56 128.43 123.18
10/31/2017 81.12 130.27 128.39
11/30/2017 85.38 138.06 135.39
12/31/2017 87.32 141.00 138.01
1/31/2018 92.09 146.54 151.64
2/28/2018 81.66 134.39 142.36
3/31/2018 81.95 0.00 136.20
4/30/2018 82.71 136.14 137.11

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.

$ per share as of 05/20/2018

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

(38.2% of assets as of 04/30/2018)


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 93.4% 99.7% -6.3%
Netherlands 1.5% - -
Israel 1.3% - -
United Kingdom 1.2% 0.1% 1.1%
Developed Markets Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Americas 93.4% 99.8% -6.4%
Europe 2.7% 0.1% 2.5%
Middle East 1.3% - -
Equity Sector Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Financials 23.4% 21.0% 2.4%
Industrials 13.4% 11.6% 1.8%
Consumer Discretionary 10.3% 11.6% -1.3%
Energy 9.4% 8.9% 0.5%
Information Technology 8.9% 6.5% 2.4%
Real Estate 8.3% 13.7% -5.4%
Health Care 8.2% 6.3% 1.9%
Utilities 7.9% 10.5% -2.6%
Materials 6.2% 5.5% 0.7%
Consumer Staples 1.5% 3.8% -2.4%
Industry Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Banks 11.3% 7.6% 3.7%
Equity Real Estate Investment Trusts (REITs) 8.3% 13.1% -4.8%
Oil Gas & Consumable Fuels 7.7% 7.5% 0.2%
Machinery 6.0% 4.0% 2.0%
Electric Utilities 5.8% 4.1% 1.7%
Insurance 5.2% 6.8% -1.6%
Capital Markets 4.7% 3.0% 1.7%
Pharmaceuticals 4.3% 0.9% 3.4%
Electronic Equipment Instruments & Components 3.3% 0.9% 2.4%
Media 2.7% 2.0% 0.7%
Semiconductors & Semiconductor Equipment 2.6% 0.7% 1.9%
Containers & Packaging 2.2% 1.2% 1.1%
Software 2.0% 1.1% 0.9%
Chemicals 2.0% 1.8% 0.2%
Specialty Retail 1.9% 2.1% -0.2%
Aerospace & Defense 1.8% 2.1% -0.3%
Construction & Engineering 1.8% 0.7% 1.1%
Health Care Equipment & Supplies 1.8% 1.5% 0.2%
Air Freight & Logistics 1.7% 0.2% 1.6%
Textiles Apparel & Luxury Goods 1.7% 1.3% 0.4%
Asset Allocation Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Equity 97.4% 100.0% -2.6%
Market Cap Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Mid 61.0% 58.8% 2.1%
Large 27.7% 37.8% -10.1%
Small 8.8% 3.4% 5.4%
Analytics
(As of 04/30/2018)

Morningstar 04/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
364
Category
Mid-Cap Value
Performance Statistics
3Y
5Y
Alpha
-2.01
0.48
Beta
1.12
1.04
Information Ratio
-0.43
0.25
R-Squared
94.11
92.11
Sharpe Ratio
0.55
0.90
Standard Deviation
12.16
11.91
Upside Capture
104.89
107.00
Downside Capture
121.69
105.83
Sortino Ratio
0.25
0.44
Win Ratio
44.00
48.00
Loss Ratio
56.00
52.00
Tracking Error
3.19
3.38
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
3/20/2018
Per Share ($)
$0.0212
12-Month Distribution ($)
$0.2855
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$12.60 B
$14.00 B
Median Market Cap (weighted)
$10.80 B
$12.90 B
P/E Ratio (LTM)
20.19
19.95
P/E Ratio (NTM)
15.38
15.83
Price/Book
2.24
1.93
Debt to Capital Ratio
43.56
44.17
Turnover Ratio
63.00%
-
Active Share
85.57%
-
Distribution Sources
  • D
Net Income
50.60%
Net Profit from Sale
0.00%
Other Capital Sources
49.40%
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. 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. Access index definitions.
  4. 4. 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.
  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 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.
  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.
  10. The funds invest in below-investment-grade debt securities, which may entail greater credit risks, as described in each fund’s prospectus. These securities (sometimes called “junk bonds”) may be subject to greater price fluctuations and risks of loss of income and principal than investment-grade municipal securities. The funds may invest substantially in municipal securities within a single state or related to similar type projects, which can increase volatility and exposure to regional issues. The funds may also invest substantially in Puerto Rico and other U.S. territories, commonwealths and possessions, and could be exposed to their local political and economic conditions. Deterioration of the Puerto Rican economy could have an adverse impact on Puerto Rican bonds and the performance of the Rochester municipal funds that hold them.The views represented herein are the opinions of the Portfolio Managers at Macquarie Capital Investment Management LLC and are not intended as investment advice or to predict or depict the performance of any investment. These views are as of the date indicated, and are subject to change based on subsequent developments.Funds returns may not match the return of its respective index, known as non-correlation risk, due to operating expenses incurred by the Funds. The alternate weighting approach employed by the Funds (i.e., using revenues as a weighting measure), while designed to enhance potential returns, may not produce the desired results. Because the Funds are rebalanced quarterly, portfolio turnover may exceed 100%. The greater the portfolio turnover, the greater the transaction costs, which could have an adverse effect on Fund performanceOn April 28, 2017, OFI Global Institutional, Inc., a registered investment adviser subsidiary within OFI Global Asset Management (“OFI Global”) acquired SNW Asset Management, LLC (“SNW”). SNW provides advisory services for the strategy discussed herein.

    Benchmark: Through 12/31/11: 80% Merrill Lynch 1-5yr Municipal index/ 20% Merrill Lynch 5-7yr index. After 12/31/11: BofA Merrill Lynch 1-10 Year Municipal Securities Index. The BofA Merrill Lynch 1-10 Year Municipal Securities Index is a subset of the BofA Merrill Lynch US Municipal Securities Index including all securities with a remaining term to final maturity less than 10 years.On April 28, 2017, OFI Global Institutional, Inc., a registered investment adviser subsidiary within OFI Global Asset Management (“OFI Global”) acquired SNW Asset Management, LLC (“SNW”). SNW provides advisory services for the strategy discussed herein.

    Benchmark: Through 12/31/11: 80% Merrill Lynch 1-5yr Municipal index/ 20% Merrill Lynch 5-7yr index. After 12/31/11: BofA Merrill Lynch 1-10 Year Municipal Securities Index. The BofA Merrill Lynch 1-10 Year Municipal Securities Index is a subset of the BofA Merrill Lynch US Municipal Securities Index including all securities with a remaining term to final maturity less than 10 years.

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