Spoof Access

×
QVSCX

Mid Cap Value Fund
  • A
  • 1

x
Overview

The Strategy typically invests in mid-sized value stocks.

Inception Date
January 3, 1989
Investment Style
Mid Cap Value
Fund Index
Russell Midcap® Value Index
CUSIP
68380E700
NAV
  • B
(as of 03/18/2019)
$48.84
Total Assets
(as of 02/28/2019)
$1.11 BN
Gross Expense Ratio
(as of 02/28/2019)
1.18%
Net Expense Ratio
(as of 02/28/2019)
1.18%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 02/28/2019
  • F
as of 12/31/2018
  • F

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • F
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (NAV)
-18.03% -18.03% 3.75% 2.80% 10.81% 9.02%
Russell Midcap® Value Index
-12.29% -12.29% 6.06% 4.27% 11.67% -
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (with sales charge)
-22.75% -22.75% 1.72% 1.59% 10.16% 8.81%
Russell Midcap® Value Index
-12.29% -12.29% 6.06% 4.27% 11.67% -
Cumulative
Annualized
ytd as of 2019-02-28
  • D
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (NAV)
13.97% -3.64% 10.96% 5.20% 13.67% 9.45%
Russell Midcap® Value Index
13.81% 2.63% 12.58% 6.55% 16.13% -
Cumulative
Annualized
ytd as of 2019-02-28
  • D
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (with sales charge)
7.42% -9.18% 8.78% 3.96% 13.00% 9.23%
Russell Midcap® Value Index
13.81% 2.63% 12.58% 6.55% 16.13% -
Gross Expense Ratio: 1.18% | Net Expense Ratio: 1.18%

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.


Year Mid Cap Value Fund Russell Midcap® Value Index
1990 -12.99% -
1991 47.58% -
1992 20.96% 24.90%
1993 18.21% 19.30%
1994 -0.29% -1.31%
1995 12.42% 29.76%
1996 19.29% 22.21%
1997 24.32% 33.09%
1998 -10.08% -1.92%
1999 -1.40% 1.49%
2000 16.44% 20.79%
2001 12.20% 9.74%
2002 -10.52% -9.87%
2003 46.06% 44.93%
2004 28.30% 21.58%
2005 11.73% 7.74%
2006 17.98% 20.18%
2007 9.13% -7.27%
2008 -49.93% -31.99%
2009 44.61% 27.68%
2010 20.54% 24.82%
2011 -7.52% -3.36%
2012 9.48% 19.21%
2013 37.76% 33.32%
2014 10.57% 7.11%
2015 -7.02% -3.55%
2016 20.28% 20.00%
2017 13.29% 13.34%
2018 -18.03% -12.29%

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.


Date Mid Cap Value Fund Russell Midcap® Value Index (Linked Index) S&P 500
2/28/2009 0.00 0.00 0.00
3/31/2009 9.76 8.73 8.76
4/30/2009 26.62 26.07 19.17
5/31/2009 32.26 29.22 25.83
6/30/2009 35.29 29.13 26.08
7/31/2009 45.42 42.30 35.62
8/31/2009 51.67 50.76 40.52
9/30/2009 58.28 58.53 45.76
10/31/2009 50.33 48.95 43.05
11/30/2009 56.58 55.37 51.63
12/31/2009 64.22 65.90 54.56
1/31/2010 59.01 61.47 49.00
2/28/2010 65.07 69.33 53.62
3/31/2010 75.08 81.77 62.89
4/30/2010 80.17 92.33 65.46
5/31/2010 65.07 76.94 52.25
6/30/2010 54.88 63.29 44.28
7/31/2010 66.22 75.31 54.39
8/31/2010 57.91 65.57 47.42
9/30/2010 74.89 81.89 60.57
10/31/2010 82.41 88.99 66.68
11/30/2010 84.66 92.27 66.70
12/31/2010 98.67 107.07 77.84
1/31/2011 102.18 110.24 82.06
2/28/2011 108.19 119.37 88.30
3/31/2011 111.04 122.97 88.37
4/30/2011 119.22 128.16 93.95
5/31/2011 117.95 125.50 91.76
6/30/2011 112.37 119.70 88.56
7/31/2011 104.85 111.49 84.72
8/31/2011 87.33 94.18 74.69
9/30/2011 66.22 73.34 62.41
10/31/2011 86.66 97.48 80.16
11/30/2011 85.87 97.03 79.76
12/31/2011 84.23 100.12 81.60
1/31/2012 91.81 111.49 89.74
2/29/2012 98.36 117.61 97.94
3/31/2012 100.49 123.17 104.46
4/30/2012 96.54 121.81 103.17
5/31/2012 81.20 108.09 90.96
6/30/2012 82.96 116.42 98.83
7/31/2012 82.35 115.49 101.59
8/31/2012 87.87 122.76 106.13
9/30/2012 92.78 129.07 111.46
10/31/2012 95.27 128.19 107.56
11/30/2012 98.42 131.31 108.76
12/31/2012 102.30 138.56 110.66
1/31/2013 115.75 154.82 121.57
2/28/2013 121.53 158.79 124.58
3/31/2013 130.18 170.42 133.00
4/30/2013 130.06 171.16 137.49
5/31/2013 139.98 177.41 143.05
6/30/2013 138.76 174.60 139.79
7/31/2013 154.95 190.32 151.99
8/31/2013 145.52 178.14 144.69
9/30/2013 157.02 192.25 152.36
10/31/2013 166.64 204.28 163.96
11/30/2013 171.45 210.62 172.01
12/31/2013 179.50 218.07 178.89
1/31/2014 171.75 209.59 169.25
2/28/2014 184.06 224.83 181.57
3/31/2014 189.28 229.27 183.93
4/30/2014 185.76 225.48 186.03
5/31/2014 190.95 228.85 192.75
6/30/2014 200.76 243.09 198.79
7/31/2014 190.49 226.57 194.67
8/31/2014 202.12 241.02 206.46
9/30/2014 187.47 221.13 202.16
10/31/2014 196.77 235.41 209.54
11/30/2014 204.15 235.81 217.87
12/31/2014 210.11 240.67 217.07
1/31/2015 199.61 232.05 207.55
2/28/2015 219.92 247.40 225.23
3/31/2015 219.04 250.95 220.08
4/30/2015 216.86 245.93 223.15
5/31/2015 221.47 250.17 227.31
6/30/2015 215.80 246.50 220.97
7/31/2015 211.75 246.02 227.70
8/31/2015 194.55 229.66 207.93
9/30/2015 180.37 218.65 200.31
10/31/2015 197.10 238.10 225.64
11/30/2015 202.28 239.09 226.61
12/31/2015 189.02 228.59 221.46
1/31/2016 167.63 210.43 205.50
2/29/2016 169.51 212.61 205.09
3/31/2016 195.52 241.47 225.79
4/30/2016 200.41 248.80 227.05
5/31/2016 207.67 254.51 232.93
6/30/2016 205.23 257.74 233.79
7/31/2016 217.72 272.90 246.09
8/31/2016 225.57 272.11 246.58
9/30/2016 227.32 273.66 246.65
10/31/2016 217.64 264.61 240.32
11/30/2016 240.65 287.42 252.93
12/31/2016 248.48 294.30 259.90
1/31/2017 255.28 300.94 266.73
2/28/2017 266.25 312.13 281.29
3/31/2017 261.56 309.13 281.73
4/30/2017 261.50 309.90 285.65
5/31/2017 258.91 308.63 291.08
6/30/2017 261.02 314.72 293.52
7/31/2017 267.46 320.21 301.61
8/31/2017 262.85 312.36 302.84
9/30/2017 275.15 323.61 311.15
10/31/2017 282.68 327.02 320.75
11/30/2017 291.66 341.46 333.65
12/31/2017 295.77 346.92 338.47
1/31/2018 305.85 357.18 363.58
2/28/2018 283.81 334.66 346.49
3/31/2018 284.42 335.73 335.15
4/30/2018 286.03 337.89 336.82
5/31/2018 290.07 342.65 347.33
6/30/2018 288.74 346.22 350.09
7/31/2018 297.09 358.34 366.84
8/31/2018 306.31 364.59 382.05
9/30/2018 304.34 360.92 384.79
10/31/2018 264.46 327.72 351.66
11/30/2018 268.24 337.97 360.86
12/31/2018 225.15 291.99 319.25
1/31/2019 257.89 332.35 352.85
2/28/2019 270.75 346.11 367.39

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.

$ per share as of 03/19/2019

Date 2014 2015 2016 2017 2018
Short Term 0.2501
Long Term 3.4605 4.2722
Total Amount of Distribution 3.4605 4.5222
Record Date 12/5/17 12/4/18
Ex Div Date 12/6/17 12/6/18
Pay Date 12/6/17 12/6/18

There is no guarantee of the payment of any dividend or other distributions at any level.

Portfolio

Top Issuers

(40.2% of assets as of 02/28/2019)


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 92.1% 99.7% -7.6%
Netherlands 2.3% - -
Israel 0.4% - -
Developed Markets Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Americas 92.1% 99.7% -7.6%
Europe 2.3% - -
Middle East 0.4% - -
Equity Sector Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Financials 19.8% 18.1% 1.7%
Industrials 11.2% 12.1% -0.9%
Consumer Discretionary 11.1% 8.8% 2.2%
Information Technology 10.4% 8.9% 1.5%
Health Care 10.2% 6.9% 3.3%
Real Estate 9.6% 14.1% -4.5%
Energy 6.6% 5.8% 0.7%
Materials 5.4% 6.1% -0.7%
Consumer Staples 4.5% 4.9% -0.4%
Utilities 4.3% 11.1% -6.8%
Communication Services 1.8% 3.2% -1.4%
Industry Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Equity Real Estate Investment Trusts (REITs) 9.6% 13.6% -4.0%
Banks 8.9% 7.0% 1.8%
Insurance 6.5% 6.1% 0.4%
Oil Gas & Consumable Fuels 6.2% 5.2% 1.0%
Machinery 5.9% 4.1% 1.8%
Health Care Providers & Services 4.5% 1.8% 2.7%
Auto Components 3.5% 0.7% 2.8%
Electric Utilities 3.5% 4.5% -0.9%
IT Services 2.5% 2.6% -0.2%
Specialty Retail 2.5% 1.5% 1.0%
Diversified Financial Services 2.3% 0.4% 1.9%
Beverages 2.3% 0.3% 2.0%
Health Care Equipment & Supplies 2.2% 2.1% 0.1%
Software 2.2% 1.0% 1.2%
Leisure Products 2.1% 0.2% 1.8%
Road & Rail 2.0% 0.6% 1.4%
Chemicals 2.0% 2.3% -0.2%
Pharmaceuticals 1.8% 0.6% 1.1%
Containers & Packaging 1.8% 1.8% 0.0%
Semiconductors & Semiconductor Equipment 1.7% 1.6% 0.2%
Asset Allocation Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Equity 94.8% 100.0% -5.2%
Market Cap Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Mid 56.9% 58.8% -1.9%
Large 34.7% 38.1% -3.4%
Small 3.2% 3.1% 0.1%
Analytics
(As of 02/28/2019)

Morningstar 02/28/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
356
Category
Mid-Cap Value
Performance Statistics
3Y
5Y
Alpha
-2.28
-1.56
Beta
1.09
1.07
Information Ratio
-0.50
-0.38
R-Squared
95.46
93.72
Sharpe Ratio
0.71
0.38
Standard Deviation
14.34
13.82
Upside Capture
97.89
102.22
Downside Capture
109.90
112.99
Sortino Ratio
1.04
0.54
Win Ratio
44.00
43.00
Loss Ratio
56.00
57.00
Tracking Error
3.27
3.58
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$14.74 B
$14.68 B
Median Market Cap (weighted)
$11.35 B
$13.31 B
P/E Ratio (LTM)
15.99
17.44
P/E Ratio (NTM)
14.26
15.20
Price/Book
2.14
1.99
Debt to Capital Ratio
44.86
46.53
Turnover Ratio
71%
-
Active Share
81.07%
-
Dividends
  • E
Est. Frequency
Quarterly
Last Pay Date
12/6/2018
Per Share ($)
$0.0604
12-Month Distribution ($)
$0.2200
Distribution Sources
  • E
Net Income
0.80%
Net Profit from Sale
74.50%
Other Capital Sources
24.70%
Tools
Morningstar logo 95x28 trans
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. A. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p>
  7. B. 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. C. 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. D. "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. E. There is no guarantee of the payment of any dividend or other distributions at any level.
  11. F. 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.
×
Loading...
Tiny Button Small Button Large Button Default Button Secondary Button Framed Button Framed Button ( Small Caps )