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QSCYX

Mid Cap Value Fund

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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 12/17/2018)
$45.02
Total Assets
(as of 11/30/2018)
$1.15 BN
Gross Expense Ratio
(as of 11/30/2018)
0.91%
Net Expense Ratio
(as of 11/30/2018)
0.91%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 11/30/2018
  • B
as of 09/30/2018
  • B

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)
2.16% 7.78% 12.98% 9.48% 9.43% 7.15%
Russell Midcap® Value Index
3.13% 8.81% 13.09% 9.54% 10.30% -
Cumulative
Annualized
ytd as of 2018-11-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (NAV)
-6.96% -5.99% 6.80% 6.29% 13.07% 6.30%
Russell Midcap® Value Index
-2.00% -0.79% 8.90% 7.11% 13.55% -
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
11/30/2008 0.00 0.00 0.00
12/31/2008 4.84 5.75 1.06
1/31/2009 2.08 -6.59 -7.45
2/28/2009 -7.25 -18.61 -17.31
3/31/2009 1.80 -11.51 -10.06
4/30/2009 17.44 2.61 -1.46
5/31/2009 22.67 5.17 4.05
6/30/2009 25.48 5.09 4.26
7/31/2009 34.87 15.81 12.15
8/31/2009 40.67 22.70 16.20
9/30/2009 46.80 29.02 20.53
10/31/2009 39.43 21.23 18.29
11/30/2009 45.22 26.46 25.39
12/31/2009 52.31 35.02 27.81
1/31/2010 47.47 31.42 23.21
2/28/2010 53.10 37.81 27.03
3/31/2010 62.38 47.94 34.69
4/30/2010 67.10 56.53 36.82
5/31/2010 53.10 44.01 25.90
6/30/2010 43.65 32.90 19.31
7/31/2010 54.16 42.68 27.66
8/31/2010 46.46 34.75 21.90
9/30/2010 62.21 48.04 32.78
10/31/2010 69.18 53.82 37.83
11/30/2010 71.26 56.49 37.85
12/31/2010 84.25 68.53 47.06
1/31/2011 87.52 71.11 50.55
2/28/2011 93.08 78.54 55.71
3/31/2011 95.73 81.47 55.77
4/30/2011 103.32 85.70 60.38
5/31/2011 102.14 83.53 58.57
6/30/2011 96.97 78.81 55.92
7/31/2011 89.99 72.13 52.75
8/31/2011 73.74 58.04 44.45
9/30/2011 54.16 41.08 34.30
10/31/2011 73.12 60.72 48.98
11/30/2011 72.39 60.36 48.65
12/31/2011 70.87 62.87 50.17
1/31/2012 77.90 72.13 56.90
2/29/2012 83.97 77.11 63.68
3/31/2012 85.94 81.63 69.07
4/30/2012 82.29 80.53 68.01
5/31/2012 68.06 69.36 57.91
6/30/2012 69.69 76.14 64.42
7/31/2012 69.12 75.38 66.70
8/31/2012 74.24 81.30 70.46
9/30/2012 78.80 86.44 74.86
10/31/2012 81.10 85.72 71.63
11/30/2012 84.03 88.26 72.63
12/31/2012 87.62 94.16 74.20
1/31/2013 100.10 107.39 83.22
2/28/2013 105.46 110.63 85.71
3/31/2013 113.48 120.09 92.68
4/30/2013 113.37 120.69 96.39
5/31/2013 122.57 125.78 100.98
6/30/2013 121.44 123.49 98.28
7/31/2013 136.46 136.29 108.37
8/31/2013 127.71 126.37 102.34
9/30/2013 138.38 137.86 108.68
10/31/2013 147.30 147.65 118.27
11/30/2013 151.76 152.81 124.93
12/31/2013 159.23 158.87 130.62
1/31/2014 152.04 151.97 122.65
2/28/2014 163.45 164.38 132.83
3/31/2014 168.30 167.99 134.79
4/30/2014 165.03 164.91 136.52
5/31/2014 169.84 167.64 142.08
6/30/2014 178.94 179.23 147.08
7/31/2014 169.42 165.79 143.67
8/31/2014 180.20 177.55 153.42
9/30/2014 166.62 161.36 149.86
10/31/2014 175.24 172.98 155.97
11/30/2014 182.08 173.31 162.85
12/31/2014 187.61 177.27 162.19
1/31/2015 177.88 170.25 154.32
2/28/2015 196.72 182.74 168.93
3/31/2015 195.90 185.63 164.68
4/30/2015 193.88 181.55 167.22
5/31/2015 198.15 185.00 170.66
6/30/2015 192.89 182.01 165.42
7/31/2015 189.13 181.62 170.98
8/31/2015 173.18 168.30 154.63
9/30/2015 160.03 159.35 148.33
10/31/2015 175.55 175.18 169.28
11/30/2015 180.35 175.98 170.08
12/31/2015 168.05 167.43 165.82
1/31/2016 148.21 152.66 152.63
2/29/2016 149.96 154.43 152.29
3/31/2016 174.08 177.91 169.40
4/30/2016 178.61 183.88 170.44
5/31/2016 185.35 188.53 175.30
6/30/2016 183.09 191.16 176.01
7/31/2016 194.67 203.50 186.19
8/31/2016 201.95 202.85 186.59
9/30/2016 203.58 204.12 186.65
10/31/2016 194.60 196.75 181.42
11/30/2016 215.94 215.31 191.84
12/31/2016 223.20 220.92 197.61
1/31/2017 229.51 226.32 203.25
2/28/2017 239.68 235.43 215.29
3/31/2017 235.33 232.98 215.66
4/30/2017 235.27 233.61 218.90
5/31/2017 232.87 232.58 223.39
6/30/2017 234.83 237.53 225.41
7/31/2017 240.81 242.01 232.10
8/31/2017 236.53 235.61 233.12
9/30/2017 247.93 244.77 239.99
10/31/2017 254.92 247.54 247.92
11/30/2017 263.25 259.30 258.59
12/31/2017 267.06 263.74 262.58
1/31/2018 276.40 272.09 283.34
2/28/2018 255.97 253.76 269.21
3/31/2018 256.53 254.63 259.83
4/30/2018 258.03 256.39 261.21
5/31/2018 261.77 260.26 269.91
6/30/2018 260.54 263.17 272.19
7/31/2018 268.28 273.04 286.04
8/31/2018 276.83 278.12 298.61
9/30/2018 275.01 275.14 300.88
10/31/2018 238.02 248.11 273.48
11/30/2018 241.53 256.46 281.09

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 12/18/2018

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

(39.4% of assets as of 11/30/2018)


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 96.1% 99.7% -3.6%
Netherlands 2.3% - -
Israel 0.3% - -
Developed Markets Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Americas 96.1% 99.7% -3.6%
Europe 2.3% - -
Middle East 0.3% - -
Equity Sector Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Financials 20.0% 17.9% 2.1%
Health Care 12.5% 6.9% 5.6%
Industrials 11.6% 12.1% -0.5%
Real Estate 9.6% 13.8% -4.2%
Consumer Discretionary 8.8% 8.8% -0.1%
Information Technology 8.6% 8.6% 0.0%
Energy 7.1% 6.3% 0.9%
Utilities 6.5% 11.1% -4.6%
Consumer Staples 6.2% 5.1% 1.1%
Materials 6.1% 6.1% 0.0%
Communication Services 1.8% 3.3% -1.5%
Industry Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Equity Real Estate Investment Trusts (REITs) 9.6% 13.4% -3.8%
Banks 9.3% 7.0% 2.3%
Oil Gas & Consumable Fuels 6.5% 5.5% 1.0%
Machinery 6.1% 4.0% 2.1%
Insurance 5.7% 6.0% -0.3%
Health Care Providers & Services 5.1% 2.0% 3.1%
Electric Utilities 5.0% 4.4% 0.5%
Food Products 3.1% 3.6% -0.5%
Pharmaceuticals 3.1% 0.7% 2.4%
Health Care Equipment & Supplies 2.8% 2.0% 0.8%
Auto Components 2.7% 0.7% 2.1%
Capital Markets 2.6% 2.2% 0.4%
Specialty Retail 2.3% 1.6% 0.7%
Containers & Packaging 2.3% 1.8% 0.5%
Beverages 2.3% 0.3% 2.0%
IT Services 2.2% 2.6% -0.4%
Road & Rail 2.1% 0.6% 1.5%
Metals & Mining 2.0% 1.9% 0.1%
Software 2.0% 1.4% 0.6%
Leisure Products 2.0% 0.2% 1.8%
Asset Allocation Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Equity 98.7% 100.0% -1.3%
Market Cap Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Mid 62.2% 61.2% 1.0%
Large 32.9% 35.7% -2.8%
Small 3.6% 3.1% 0.5%
Analytics
(As of 11/30/2018)

Morningstar 11/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
364
Category
Mid-Cap Value
Performance Statistics
3Y
5Y
Alpha
-2.88
-1.11
Beta
1.14
1.07
Information Ratio
-0.62
-0.23
R-Squared
93.76
91.86
Sharpe Ratio
0.51
0.51
Standard Deviation
12.31
12.11
Upside Capture
97.85
103.25
Downside Capture
116.72
111.89
Sortino Ratio
0.74
0.76
Win Ratio
44.00
45.00
Loss Ratio
56.00
55.00
Tracking Error
3.42
3.54
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$14.55 B
$14.20 B
Median Market Cap (weighted)
$12.67 B
$13.08 B
P/E Ratio (LTM)
17.66
17.13
P/E Ratio (NTM)
13.75
14.64
Price/Book
2.10
1.94
Debt to Capital Ratio
44.59
45.88
Turnover Ratio
63%
-
Active Share
82.56%
-
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
12/6/2018
Per Share ($)
$0.0982
12-Month Distribution ($)
$0.3465
Distribution Sources
  • D
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. 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.
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