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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 09/20/2018)
$59.96
Total Assets
(as of 08/31/2018)
$1.30 BN
Gross Expense Ratio
(as of 08/31/2018)
0.75%
Net Expense Ratio
(as of 08/31/2018)
0.75%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 08/31/2018
  • F
as of 06/30/2018
  • F

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (NAV)
-1.70% 7.86% 7.37% 10.42% - 11.09%
Russell Midcap® Value Index
-0.16% 7.60% 8.80% 10.20% 9.81% -
Cumulative
Annualized
ytd as of 2018-08-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (NAV)
2.78% 12.18% 11.52% 10.77% - 11.55%
Russell Midcap® Value Index
3.95% 12.67% 12.12% 10.81% 9.62% -
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
8/31/2008 0.00 0.00 0.00
9/30/2008 -16.06 -6.70 -8.91
10/31/2008 -37.45 -25.97 -24.21
11/30/2008 -44.85 -33.71 -29.65
12/31/2008 -42.19 -29.90 -28.90
1/31/2009 -43.71 -38.08 -34.89
2/28/2009 -48.85 -46.05 -41.82
3/31/2009 -43.86 -41.34 -36.73
4/30/2009 -35.24 -31.98 -30.67
5/31/2009 -32.35 -30.28 -26.79
6/30/2009 -30.80 -30.33 -26.65
7/31/2009 -25.62 -23.23 -21.10
8/31/2009 -22.43 -18.66 -18.25
9/30/2009 -19.05 -14.47 -15.20
10/31/2009 -23.11 -19.64 -16.78
11/30/2009 -19.92 -16.17 -11.79
12/31/2009 -16.01 -10.49 -10.08
1/31/2010 -18.68 -12.88 -13.32
2/28/2010 -15.57 -8.64 -10.63
3/31/2010 -10.46 -1.93 -5.24
4/30/2010 -7.85 3.77 -3.74
5/31/2010 -15.57 -4.54 -11.43
6/30/2010 -20.79 -11.90 -16.07
7/31/2010 -14.99 -5.42 -10.18
8/31/2010 -19.23 -10.67 -14.24
9/30/2010 -10.55 -1.86 -6.59
10/31/2010 -6.70 1.97 -3.03
11/30/2010 -5.56 3.74 -3.02
12/31/2010 1.61 11.72 3.46
1/31/2011 3.41 13.43 5.91
2/28/2011 6.48 18.35 9.54
3/31/2011 7.94 20.30 9.59
4/30/2011 12.12 23.10 12.83
5/31/2011 11.47 21.66 11.56
6/30/2011 8.62 18.53 9.70
7/31/2011 4.77 14.10 7.46
8/31/2011 -4.19 4.77 1.63
9/30/2011 -14.99 -6.48 -5.52
10/31/2011 -4.53 6.54 4.81
11/30/2011 -4.94 6.30 4.58
12/31/2011 -5.77 7.97 5.65
1/31/2012 -1.90 14.11 10.38
2/29/2012 1.45 17.41 15.16
3/31/2012 2.54 20.41 18.94
4/30/2012 0.52 19.67 18.20
5/31/2012 -7.32 12.27 11.09
6/30/2012 -6.43 16.76 15.67
7/31/2012 -6.74 16.26 17.28
8/31/2012 -3.91 20.19 19.92
9/30/2012 -1.40 23.59 23.02
10/31/2012 -0.13 23.11 20.75
11/30/2012 1.48 24.80 21.45
12/31/2012 3.46 28.71 22.55
1/31/2013 10.35 37.48 28.90
2/28/2013 13.30 39.63 30.65
3/31/2013 17.72 45.90 35.55
4/30/2013 17.66 46.30 38.16
5/31/2013 22.74 49.67 41.40
6/30/2013 22.11 48.15 39.50
7/31/2013 30.40 56.64 46.60
8/31/2013 25.57 50.06 42.35
9/30/2013 31.46 57.68 46.81
10/31/2013 36.37 64.17 53.56
11/30/2013 38.83 67.59 58.24
12/31/2013 42.95 71.61 62.25
1/31/2014 38.99 67.03 56.64
2/28/2014 45.28 75.26 63.80
3/31/2014 47.95 77.65 65.18
4/30/2014 46.16 75.61 66.40
5/31/2014 48.81 77.42 70.31
6/30/2014 53.82 85.11 73.83
7/31/2014 48.57 76.20 71.43
8/31/2014 54.52 83.99 78.29
9/30/2014 47.03 73.26 75.79
10/31/2014 51.78 80.96 80.08
11/30/2014 55.56 81.18 84.92
12/31/2014 58.61 83.80 84.46
1/31/2015 53.24 79.15 78.92
2/28/2015 63.63 87.43 89.20
3/31/2015 63.17 89.35 86.21
4/30/2015 62.06 86.64 88.00
5/31/2015 64.42 88.93 90.41
6/30/2015 61.52 86.95 86.73
7/31/2015 59.44 86.69 90.64
8/31/2015 50.65 77.86 79.14
9/30/2015 43.39 71.92 74.71
10/31/2015 51.95 82.42 89.44
11/30/2015 54.60 82.95 90.01
12/31/2015 47.82 77.29 87.01
1/31/2016 36.88 67.49 77.73
2/29/2016 37.84 68.66 77.49
3/31/2016 51.15 84.23 89.53
4/30/2016 53.64 88.19 90.27
5/31/2016 57.36 91.27 93.68
6/30/2016 56.11 93.01 94.18
7/31/2016 62.50 101.19 101.34
8/31/2016 66.51 100.77 101.63
9/30/2016 67.41 101.60 101.66
10/31/2016 62.46 96.72 97.99
11/30/2016 74.23 109.03 105.32
12/31/2016 78.23 112.74 109.38
1/31/2017 81.71 116.32 113.35
2/28/2017 87.32 122.36 121.82
3/31/2017 84.92 120.74 122.08
4/30/2017 84.89 121.16 124.36
5/31/2017 83.56 120.47 127.51
6/30/2017 84.64 123.75 128.94
7/31/2017 87.94 126.72 133.64
8/31/2017 85.58 122.48 134.36
9/30/2017 91.87 128.55 139.19
10/31/2017 95.72 130.39 144.77
11/30/2017 100.32 138.18 152.28
12/31/2017 102.42 141.13 155.09
1/31/2018 107.57 146.67 169.69
2/28/2018 96.30 134.51 159.75
3/31/2018 96.61 135.09 153.15
4/30/2018 97.44 136.26 154.12
5/31/2018 99.50 138.82 160.24
6/30/2018 98.82 140.75 161.84
7/31/2018 103.09 147.29 171.59
8/31/2018 107.81 150.66 180.44

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 09/21/2018

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

(39.1% of assets as of 08/31/2018)


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 95.9% 99.5% -3.7%
Netherlands 1.8% - -
Israel 0.3% - -
Developed Markets Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Americas 95.9% 99.5% -3.7%
Europe 1.8% 0.2% 1.6%
Middle East 0.3% - -
Equity Sector Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Financials 21.8% 18.2% 3.6%
Consumer Discretionary 10.6% 11.3% -0.7%
Health Care 10.4% 6.7% 3.7%
Industrials 10.3% 12.4% -2.0%
Energy 10.0% 7.7% 2.3%
Real Estate 8.5% 12.9% -4.5%
Information Technology 7.9% 9.3% -1.4%
Materials 7.1% 6.1% 1.0%
Utilities 6.9% 10.0% -3.1%
Consumer Staples 4.6% 5.0% -0.4%
Industry Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Banks 11.2% 7.3% 3.9%
Equity Real Estate Investment Trusts (REITs) 8.5% 12.5% -4.0%
Oil Gas & Consumable Fuels 8.5% 6.7% 1.8%
Electric Utilities 5.4% 4.2% 1.2%
Machinery 4.6% 3.9% 0.7%
Insurance 4.3% 5.9% -1.6%
Health Care Providers & Services 4.2% 2.0% 2.1%
Capital Markets 3.8% 2.2% 1.5%
Specialty Retail 3.0% 1.6% 1.4%
Pharmaceuticals 2.7% 0.8% 2.0%
Chemicals 2.6% 2.3% 0.2%
Containers & Packaging 2.6% 1.7% 0.9%
Health Care Equipment & Supplies 2.3% 1.8% 0.5%
Leisure Products 2.2% 0.3% 2.0%
Software 2.1% 1.7% 0.3%
Food Products 2.1% 3.4% -1.3%
Road & Rail 2.0% 0.6% 1.3%
Metals & Mining 2.0% 1.9% 0.0%
Diversified Financial Services 1.9% 0.4% 1.5%
Beverages 1.8% 0.3% 1.5%
Asset Allocation Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Equity 98.0% 100.0% -2.0%
Market Cap Mid Cap Value Fund Russell Midcap® Value Index Overweight / Underweight
Mid 64.6% 61.5% 3.1%
Large 30.2% 36.6% -6.4%
Small 3.3% 1.9% 1.3%
Analytics
(As of 08/31/2018)

Morningstar 08/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
372
Category
Mid-Cap Value
Performance Statistics
3Y
5Y
Alpha
-1.58
-0.30
Beta
1.11
1.04
Information Ratio
-0.18
-0.01
R-Squared
93.11
91.70
Sharpe Ratio
0.93
0.92
Standard Deviation
11.52
11.36
Upside Capture
103.50
103.92
Downside Capture
115.40
108.21
Sortino Ratio
0.45
0.44
Win Ratio
44.00
43.00
Loss Ratio
56.00
57.00
Tracking Error
3.21
3.29
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$14.59 B
$14.87 B
Median Market Cap (weighted)
$11.84 B
$14.05 B
P/E Ratio (LTM)
20.23
19.51
P/E Ratio (NTM)
15.64
15.71
Price/Book
2.46
2.10
Debt to Capital Ratio
44.07
45.45
Turnover Ratio
63%
-
Active Share
84.00%
-
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
9/18/2018
Per Share ($)
$0.1520
12-Month Distribution ($)
$0.4053
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. 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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