(Harvest) In the first half of 2018, the Russell 1000 Growth Index was up over 7%, and the core Russell 1000 Index was up almost 3%. Meanwhile, the Russell 1000 Value Index lagged with a -1.7% return. Quality equity income stocks tend to be found somewhere between value and core stocks. Growth companies are less likely to pay a dividend because they’re reinvesting in themselves with the goal of growing faster than the overall market, while really deep value companies don’t have cash available to fund a dividend. The result? Quality equity income investors find themselves with returns closer to the core and value indices. And they’re left wondering why.