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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 07/20/2018)
$58.12
Total Assets
(as of 06/30/2018)
$1.27 BN
Gross Expense Ratio
(as of 06/30/2018)
0.75%
Net Expense Ratio
(as of 06/30/2018)
0.75%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 06/30/2018
  • B
as of 06/30/2018
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr since inception
Mid Cap Value Fund (NAV)
1.15% -1.70% 7.86% 7.37% 10.42% 11.09%
Russell Midcap® Value Index
2.41% -0.16% 7.60% 8.80% 10.20% -
Cumulative
Annualized
3 mo ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr since inception
Mid Cap Value Fund (NAV)
1.15% -1.70% 7.86% 7.37% 10.42% 11.09%
Russell Midcap® Value Index
2.41% -0.16% 7.60% 8.80% 10.20% -
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
6/30/2013 0.00 0.00 0.00
7/31/2013 6.81 5.73 5.09
8/31/2013 2.89 1.29 2.04
9/30/2013 7.71 6.43 5.24
10/31/2013 11.78 10.81 10.08
11/30/2013 13.81 13.12 13.44
12/31/2013 17.20 15.83 16.31
1/31/2014 13.92 12.74 12.29
2/28/2014 19.10 18.30 17.42
3/31/2014 21.24 19.91 18.41
4/30/2014 19.78 18.53 19.29
5/31/2014 21.99 19.76 22.09
6/30/2014 26.09 24.94 24.61
7/31/2014 21.80 18.93 22.89
8/31/2014 26.69 24.19 27.81
9/30/2014 20.55 16.94 26.01
10/31/2014 24.48 22.15 29.09
11/30/2014 27.58 22.29 32.56
12/31/2014 30.11 24.06 32.23
1/31/2015 25.75 20.92 28.26
2/28/2015 34.29 26.51 35.63
3/31/2015 33.92 27.81 33.49
4/30/2015 33.03 25.98 34.77
5/31/2015 34.98 27.52 36.50
6/30/2015 32.61 26.18 33.86
7/31/2015 30.92 26.01 36.66
8/31/2015 23.74 20.05 28.42
9/30/2015 17.81 16.04 25.24
10/31/2015 24.87 23.13 35.80
11/30/2015 27.07 23.49 36.21
12/31/2015 21.49 19.66 34.06
1/31/2016 12.52 13.05 27.41
2/29/2016 13.32 13.84 27.24
3/31/2016 24.29 24.35 35.87
4/30/2016 26.37 27.02 36.39
5/31/2016 29.45 29.10 38.84
6/30/2016 28.42 30.28 39.20
7/31/2016 33.72 35.80 44.34
8/31/2016 37.02 35.51 44.54
9/30/2016 37.80 36.08 44.57
10/31/2016 33.74 32.78 41.93
11/30/2016 43.45 41.09 47.18
12/31/2016 46.77 43.59 50.09
1/31/2017 49.66 46.01 52.94
2/28/2017 54.32 50.09 59.01
3/31/2017 52.32 48.99 59.20
4/30/2017 52.32 49.27 60.83
5/31/2017 51.28 48.81 63.10
6/30/2017 52.19 51.03 64.11
7/31/2017 54.93 53.03 67.49
8/31/2017 52.99 50.17 68.00
9/30/2017 58.21 54.27 71.47
10/31/2017 61.41 55.51 75.47
11/30/2017 65.23 60.77 80.85
12/31/2017 66.99 62.75 82.86
1/31/2018 71.28 66.49 93.33
2/28/2018 61.98 58.29 86.21
3/31/2018 62.27 58.68 81.47
4/30/2018 62.96 59.47 82.17
5/31/2018 64.68 61.20 86.56
6/30/2018 64.15 62.50 87.70

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 07/22/2018

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 06/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
United States 93.7% 99.5% -5.8%
Netherlands 1.7% - -
United Kingdom 0.8% 0.2% 0.6%
Israel 0.4% - -
Developed Markets Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Americas 93.7% 99.5% -5.8%
Europe 2.5% 0.2% 2.3%
Middle East 0.4% - -
Equity Sector Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Financials 22.4% 18.1% 4.3%
Consumer Discretionary 10.7% 11.6% -0.9%
Industrials 10.0% 11.8% -1.8%
Health Care 9.9% 6.4% 3.5%
Energy 9.8% 7.7% 2.1%
Information Technology 8.7% 8.9% -0.2%
Real Estate 8.4% 13.3% -4.9%
Utilities 7.3% 10.0% -2.7%
Materials 6.7% 6.3% 0.4%
Consumer Staples 2.5% 5.1% -2.6%
Industry Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Banks 10.9% 7.2% 3.7%
Equity Real Estate Investment Trusts (REITs) 8.4% 12.9% -4.4%
Oil Gas & Consumable Fuels 7.9% 6.8% 1.2%
Electric Utilities 5.7% 4.1% 1.5%
Capital Markets 4.8% 2.3% 2.5%
Machinery 4.4% 3.7% 0.6%
Insurance 4.4% 5.9% -1.6%
Pharmaceuticals 3.6% 0.7% 2.9%
Health Care Providers & Services 3.3% 2.0% 1.3%
Media 2.8% 2.4% 0.4%
Specialty Retail 2.7% 1.7% 1.0%
Semiconductors & Semiconductor Equipment 2.7% 1.5% 1.2%
Containers & Packaging 2.5% 1.7% 0.8%
Chemicals 2.3% 2.3% 0.0%
Leisure Products 2.1% 0.3% 1.8%
Software 2.0% 1.6% 0.4%
Health Care Equipment & Supplies 2.0% 1.8% 0.2%
Metals & Mining 1.9% 2.2% -0.4%
Energy Equipment & Services 1.9% 1.0% 0.9%
Diversified Financial Services 1.8% 0.4% 1.4%
Asset Allocation Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Equity 96.6% 100.0% -3.4%
Market Cap Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Mid 65.6% 59.7% 5.9%
Large 28.0% 38.5% -10.5%
Small 3.0% 1.8% 1.2%
Analytics
(As of 06/30/2018)

Morningstar 06/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
365
Category
Mid-Cap Value
Performance Statistics
3Y
5Y
Alpha
-2.10
-0.08
Beta
1.11
1.04
Information Ratio
-0.44
0.07
R-Squared
93.86
92.35
Sharpe Ratio
0.59
0.86
Standard Deviation
12.10
11.81
Upside Capture
102.96
104.47
Downside Capture
119.50
106.49
Sortino Ratio
0.27
0.42
Win Ratio
42.00
45.00
Loss Ratio
58.00
55.00
Tracking Error
3.23
3.30
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
6/19/2018
Per Share ($)
$0.1257
12-Month Distribution ($)
$0.4053
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$12.95 B
$14.18 B
Median Market Cap (weighted)
$10.38 B
$13.01 B
P/E Ratio (LTM)
20.76
19.71
P/E Ratio (NTM)
15.29
15.40
Price/Book
2.31
2.01
Debt to Capital Ratio
45.16
45.48
Turnover Ratio
63%
-
Active Share
86.10%
-
Distribution Sources
  • D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Tools
Morningstar logo 95x28 trans
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. 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.
  3. 3. 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.
  4. 4. Access index definitions.
  5. 5. 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.
  6. 6. 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.
  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 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.
  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.
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