Fund Facts  

Inception Date: Apr 1, 1999
CUSIP: 92210F257
Morningstar Category:Allocation--30% to 50% Equity

Documents for Fund or Underlying Fund(s)  

Description

Objective  

Reasonable current income and capital preservation, with modest potential for capital growth.

Principal Investment Strategies  

The Fund invests in a combination of other MissionSquare Funds Class M and third party exchange traded funds (ETFs) to seek to obtain exposure to approximately 62% fixed income/stable value investments, 34% equity investments, and 4% multi-strategy investments. These asset allocations are referred to as "neutral targets" because they do not reflect decisions that may be made by MissionSquare Investments (MSQI), the investment advisor to the Fund, to overweight or underweight a particular asset class based on market or operational factors. The neutral targets also do not reflect performance differences between the Fund's asset class allocations that will cause temporary deviations from the neutral targets. The actual asset class allocation of the Fund may vary by as much as +/-10 percentage points for the fixed income/stable value and equity investments as a result of MSQI's allocation decisions, performance differences between asset classes of the Fund, or some combination thereof, although the multi-strategy investments will generally not exceed 7 percentage points of the Fund's total assets.

The MissionSquare Model Portfolio Funds (Model Portfolio Funds) are target risk funds. Each Model Portfolio Fund is a fund of funds that invests in a combination of other MissionSquare Funds and third party ETFs (each an underlying fund). By investing in this way, each Model Portfolio Fund is exposed to the risks as well as the potential rewards of its underlying funds and of the portfolio holdings and strategies of those funds.
The targeted allocation of each Model Portfolio Fund’s assets among underlying funds and the asset classes they represent is determined by MissionSquare Investments, the investment advisor to both the Model Portfolio Funds and the MissionSquare Funds.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. The Fund’s principal investment risks include: Asset Allocation Risk, Fund of Funds Risk, ETF Risks, Interest Rate Risk, Credit Risk, Convertible Securities Risk, High Yield Securities Risk, Mortgage-Backed Securities Risk, Asset-Backed Securities Risk, Prepayment and Extension Risk, U.S. Government Agency Securities Risk, Stock Market Risk, Foreign Securities Risk, Emerging Markets Securities Risk, Small-Cap Securities Risk, Mid-Cap Securities Risk, Derivative Instruments Risk, Indexing Risk, Large Investor Risk.
Please see the Disclosure Memorandum for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Jun 30, 2022
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
MissionSquare MP Cons Grth R5   -9.21%-13.19%-10.45%2.67%3.40%4.45%N/A
S&P Target Risk Conservative Indexa,b-7.99%-13.13%-11.63%1.46%2.93%3.83%N/A
Morningstar Allocation -- 30% to 50% Equitya,c-9.02%-13.33%-11.20%2.13%3.22%4.57%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, participants or plan sponsors in a MissionSquare Retirement administered account can log in at www.icmarc.org, or institutions can go to www.investments.missionsq.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Total Expenses  
Gross Expenses0.75%
Net Expenses0.75%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2022 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The S&P Target Risk Indexes reflect exposure to various asset classes included in target risk funds driven by a survey of such funds for each particular target risk.

c. The Morningstar category average return represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

Morningstar Information

Morningstar RatingTM   As of Jun 30, 2022
Period Stars Category Size
Overall 3 Stars427
3-Year 4 Stars427
5-Year 3 Stars391
10-Year 3 Stars281

The Morningstar Rating™ 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. 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. 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.

Morningstar Stylebox As of Jun 30, 2022
Equity Stylebox Fixed Income Stylebox
Large BlendMedium Moderate
Allocation of Assets As of May 31, 2022
Type of Asset Percent
Equity40%
Fixed Income57%
Cash/Other3%

Due to rounding, percentages shown may not add up to 100%.

 
 

Statistics

Portfolio Statistics As of Jun 30, 2022
Statistic3-Year5-Year
Beta0.981.00
Alpha0.28-0.38
Standard Deviation8.667.62
 
 

Underlying Fund Characteristics

Allocation of Assets As of May 31, 2022
Asset ClassPercent
Domestic Stock30.7%
Foreign Stock9.3%
Domestic Bond51.3%
Foreign Bond4.2%
Preferred0.2%
Convertible1.0%
Cash0.0%
Other3.3%

Due to rounding, percentages shown may not add up to 100%.

 

Equity Sector As of May 31, 2022
SectorPercent
Technology7.6%
Financial Services6.1%
Healthcare5.6%
Industrials4.3%
Consumer Cyclical4.0%
Consumer Defensive2.8%
Communication Services2.8%
Energy2.6%
Basic Materials1.6%
Utilities1.3%
Real Estate1.2%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Credit Quality As of May 31, 2022
Quality LevelPercent
AAA52.5%
AA3.6%
A11.4%
BBB17.6%
BB6.0%
B6.0%
Below B3.0%
Not Rated0.0%

Due to rounding, percentages shown may not add up to 100%. Exposure reflects fixed income securities only.

 
Fixed Income Sector As of May 31, 2022
SectorPercent
Government23.3%
Corporate22.1%
Securitized15.0%
Municipal0.4%
Cash & Equivalents-1.4%
Derivative-2.6%

Exposure reflects fixed income securities only and will sum to the fixed income exposure of the fund.

 
Top Ten Holdings As of Aug 31, 2022
Underlying Fund Holdings Market Value%
MISSIONSQUARE TOTAL RETURN BOND FUND - CLASS M$72,741,83417.3%
MISSIONSQUARE LOW DURATION BOND FUND - CLASS M$53,503,99412.7%
MISSIONSQUARE 500 STOCK INDEX FUND - CLASS M$47,048,69911.2%
MISSIONSQUARE HIGH YIELD FUND - CLASS M$40,155,6659.5%
MISSIONSQUARE CORE BOND INDEX FUND - CLASS M$39,952,8069.5%
MISSIONSQUARE EQUITY INCOME FUND - CLASS M$36,368,2908.6%
MISSIONSQUARE INFLATION FOCUSED FUND - CLASS M$27,806,1056.6%
ISHARES CORE S&P 500 ETF ETP USD$21,549,0015.1%
MISSIONSQUARE INTERNATIONAL FUND - CLASS M$19,545,4984.6%
MISSIONSQUARE DIVERSIFYING STRATEGIES FD - CLASS M$17,279,9544.1%
All Holdings As of Aug 31, 2022
Exchange-Traded Funds
Underlying Fund HoldingsMarket Value%
ISHARES CORE S&P 500 ETF ETP USD$21,549,0015.1%
ISHARES 20+ YEAR TREASURY BOND ETF$1,815,8120.4%
 
Collective Trusts/Mutual Funds
Underlying Fund HoldingsMarket Value%
MISSIONSQUARE TOTAL RETURN BOND FUND - CLASS M$72,741,83417.3%
MISSIONSQUARE LOW DURATION BOND FUND - CLASS M$53,503,99412.7%
MISSIONSQUARE 500 STOCK INDEX FUND - CLASS M$47,048,69911.2%
MISSIONSQUARE HIGH YIELD FUND - CLASS M$40,155,6659.5%
MISSIONSQUARE CORE BOND INDEX FUND - CLASS M$39,952,8069.5%
MISSIONSQUARE EQUITY INCOME FUND - CLASS M$36,368,2908.6%
MISSIONSQUARE INFLATION FOCUSED FUND - CLASS M$27,806,1056.6%
MISSIONSQUARE INTERNATIONAL FUND - CLASS M$19,545,4984.6%
MISSIONSQUARE DIVERSIFYING STRATEGIES FD - CLASS M$17,279,9544.1%
MISSIONSQUARE EMERGING MARKETS FUND - CLASS M$11,124,6732.6%
MISSIONSQUARE SELECT VALUE FUND - CLASS M$9,488,4582.3%
MISSIONSQUARE AGGRESSIVE OPPORTUNITIES FD- CLASS M$8,550,4312.0%
MISSIONSQUARE SMALL CAP DISCOVERY FUND - CLASS M$4,106,7111.0%
MISSIONSQUARE GROWTH FUND - CLASS M$3,656,7240.9%
MISSIONSQUARE GROWTH & INCOME FUND - CLASS M$2,799,0780.7%
MISSIONSQUARE OVERSEAS EQUITY INDEX FUND - CLASS M$460,7840.1%
 
Short-Term/Cash
Underlying Fund HoldingsMarket Value%
BLACKROCK TEMP FUND - INST SHARES FUND 24$1,700,9700.4%
JPMORGAN PRIME MONEY MARKET FUND FUNDS VARIABLE$1,700,9700.4%
All Holdings As of Jul 31, 2022
Exchange-Traded Funds
Underlying Fund HoldingsMarket Value%
ISHARES CORE S&P 500 ETF ETP USD$22,476,7615.3%
VANGUARD FTSE EMERGING MARKETS ETF ETP USD$2,082,1150.5%
ISHARES 20+ YEAR TREASURY BOND ETF$1,905,8890.5%
 
Collective Trusts/Mutual Funds
Underlying Fund HoldingsMarket Value%
MISSIONSQUARE TOTAL RETURN BOND FUND - CLASS M$68,676,68516.1%
MISSIONSQUARE LOW DURATION BOND FUND - CLASS M$58,025,61213.6%
MISSIONSQUARE 500 STOCK INDEX FUND - CLASS M$48,330,67311.3%
MISSIONSQUARE CORE BOND INDEX FUND - CLASS M$40,456,4059.5%
MISSIONSQUARE HIGH YIELD FUND - CLASS M$40,284,5809.5%
MISSIONSQUARE EQUITY INCOME FUND - CLASS M$36,612,4338.6%
MISSIONSQUARE INFLATION FOCUSED FUND - CLASS M$28,084,9816.6%
MISSIONSQUARE INTERNATIONAL FUND - CLASS M$20,398,3474.8%
MISSIONSQUARE DIVERSIFYING STRATEGIES FD - CLASS M$17,174,5124.0%
MISSIONSQUARE EMERGING MARKETS FUND - CLASS M$11,108,7482.6%
MISSIONSQUARE SELECT VALUE FUND - CLASS M$9,630,1172.3%
MISSIONSQUARE AGGRESSIVE OPPORTUNITIES FD- CLASS M$8,650,5212.0%
MISSIONSQUARE SMALL CAP DISCOVERY FUND - CLASS M$4,189,5991.0%
MISSIONSQUARE GROWTH FUND - CLASS M$3,753,7330.9%
MISSIONSQUARE GROWTH & INCOME FUND - CLASS M$2,871,4420.7%
MISSIONSQUARE OVERSEAS EQUITY INDEX FUND - CLASS M$479,5770.1%
 
Short-Term/Cash
Underlying Fund HoldingsMarket Value%
BLACKROCK TEMP FUND - INST SHARES FUND 24$444,2630.1%
JPMORGAN PRIME MONEY MARKET FUND FUNDS VARIABLE$444,2200.1%
All Holdings As of Jun 30, 2022
Exchange-Traded Funds
Underlying Fund HoldingsMarket Value%
ISHARES CORE S&P 500 ETF ETP USD$20,570,7835.0%
VANGUARD FTSE EMERGING MARKETS ETF ETP USD$2,098,7440.5%
ISHARES 20+ YEAR TREASURY BOND ETF$1,864,3400.5%
 
Collective Trusts/Mutual Funds
Underlying Fund HoldingsMarket Value%
MISSIONSQUARE TOTAL RETURN BOND FUND - CLASS M$67,334,60316.5%
MISSIONSQUARE LOW DURATION BOND FUND - CLASS M$57,917,71714.2%
MISSIONSQUARE 500 STOCK INDEX FUND - CLASS M$44,443,32610.9%
MISSIONSQUARE CORE BOND INDEX FUND - CLASS M$39,634,5989.7%
MISSIONSQUARE HIGH YIELD FUND - CLASS M$38,341,6449.4%
MISSIONSQUARE EQUITY INCOME FUND - CLASS M$34,793,2698.5%
MISSIONSQUARE INFLATION FOCUSED FUND - CLASS M$27,023,5436.6%
MISSIONSQUARE INTERNATIONAL FUND - CLASS M$19,646,6024.8%
MISSIONSQUARE DIVERSIFYING STRATEGIES FD - CLASS M$16,253,9784.0%
MISSIONSQUARE EMERGING MARKETS FUND - CLASS M$11,295,7852.8%
MISSIONSQUARE SELECT VALUE FUND - CLASS M$8,953,9172.2%
MISSIONSQUARE AGGRESSIVE OPPORTUNITIES FD- CLASS M$7,861,0231.9%
MISSIONSQUARE SMALL CAP DISCOVERY FUND - CLASS M$3,833,0960.9%
MISSIONSQUARE GROWTH FUND - CLASS M$3,385,6560.8%
MISSIONSQUARE GROWTH & INCOME FUND - CLASS M$2,646,1750.7%
MISSIONSQUARE OVERSEAS EQUITY INDEX FUND - CLASS M$458,6110.1%
 
Short-Term/Cash
Underlying Fund HoldingsMarket Value%
JPMORGAN PRIME MONEY MARKET FUND FUNDS VARIABLE$442,2670.1%
BLACKROCK TEMP FUND - INST SHARES FUND 24$442,2670.1%
All Holdings As of May 31, 2022
Exchange-Traded Funds
Underlying Fund HoldingsMarket Value%
ISHARES CORE S&P 500 ETF ETP USD$22,633,2335.2%
VANGUARD FTSE EMERGING MARKETS ETF ETP USD$2,199,0200.5%
ISHARES 20+ YEAR TREASURY BOND ETF$1,891,7690.4%
 
Collective Trusts/Mutual Funds
Underlying Fund HoldingsMarket Value%
MISSIONSQUARE TOTAL RETURN BOND FUND - CLASS M$69,105,31816.0%
MISSIONSQUARE LOW DURATION BOND FUND - CLASS M$58,903,13913.6%
MISSIONSQUARE 500 STOCK INDEX FUND - CLASS M$47,597,53211.0%
MISSIONSQUARE HIGH YIELD FUND - CLASS M$41,508,3509.6%
MISSIONSQUARE CORE BOND INDEX FUND - CLASS M$40,847,6329.4%
MISSIONSQUARE EQUITY INCOME FUND - CLASS M$37,959,0948.8%
MISSIONSQUARE INFLATION FOCUSED FUND - CLASS M$28,226,9686.5%
MISSIONSQUARE INTERNATIONAL FUND - CLASS M$21,907,6975.1%
MISSIONSQUARE DIVERSIFYING STRATEGIES FD - CLASS M$17,359,6534.0%
MISSIONSQUARE EMERGING MARKETS FUND - CLASS M$12,293,9132.8%
MISSIONSQUARE SELECT VALUE FUND - CLASS M$9,935,3792.3%
MISSIONSQUARE AGGRESSIVE OPPORTUNITIES FD- CLASS M$8,625,5702.0%
MISSIONSQUARE SMALL CAP DISCOVERY FUND - CLASS M$4,119,6401.0%
MISSIONSQUARE GROWTH FUND - CLASS M$3,732,1660.9%
MISSIONSQUARE GROWTH & INCOME FUND - CLASS M$2,845,8570.7%
MISSIONSQUARE OVERSEAS EQUITY INDEX FUND - CLASS M$474,8260.1%
 
Short-Term/Cash
Underlying Fund HoldingsMarket Value%
BLACKROCK TEMP FUND - INST SHARES FUND 24$445,7990.1%
JPMORGAN PRIME MONEY MARKET FUND FUNDS VARIABLE$445,7990.1%

Management

Management  

Investment Advisor: MissionSquare Investments

Portfolio Manager NameTitleAccreditationStrategy Start Date
Wayne WickerSenior Vice President and Chief Investment OfficerCFAManaged Fund Since 2004
Venkat BalakrishnanManaging Vice PresidentCFAManaged Fund Since 2016
Jonathon FitzgeraldSenior Fund ManagerCFA, CAIAManaged Fund Since 2017
Yang LiuSenior Fund ManagerCFAManaged Fund Since 2020

Footnotes

1.

Before investing in the Fund you should carefully consider your investment goals, tolerance for risk, investment time horizon, and personal circumstances. There is no guarantee that the Fund will meet its investment objective and you can lose money.

2.

The Fund is an investment option of VantageTrust, a group trust established and maintained by VantageTrust Company, LLC, a wholly owned subsidiary of MissionSquare Retirement. VantageTrust provides for the commingling of assets of certain trusts and plans as described in its Declaration of Trust, and is only available for investment by such eligible trusts and plans. The Fund is not a mutual fund. Its units are not deposits of VantageTrust Company and are not insured by the Federal Deposit Insurance Corporation or any other agency. The Fund is a security that has not been registered under the Securities Act of 1933 and is exempt from investment company registration under the Investment Company Act of 1940. For additional information regarding the Fund, including a description of the principal risks, please consult the Funds Disclosure Memorandum, which is available when plan administration clients log in at www.icmarc.org, at www.investments.missionsq.org for institutions, or upon request by calling 800-669-7400.

3.

When Funds are marketed to institutional clients, the Funds are offered by MissionSquare Investment Services, an SEC registered broker-dealer and FINRA member firm. MissionSquare Investment Services is a wholly-owned subsidiary of MissionSquare Retirement and is an affiliate of VantageTrust Company, LLC and MissionSquare Investments.

4.

Effective September 10, 2021, the Vantagepoint Funds are now known as the MissionSquare Funds.

The source for this information is Morningstar, Inc. Copyright © 2022 Morningstar, Inc.™ All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with MissionSquare Retirement or its affiliates. MissionSquare Retirement does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.