Description
Objective†
The investment seeks growth, income and conservation of capital.
Principal Investment Strategies†
The fund normally invests a greater portion of its assets in fixed income, equity-income and balanced funds as it approaches and passes its target date. The advisor attempts to achieve its investment objectives by investing in a mix of American Funds in different combinations and weightings. The underlying American Funds represent a variety of fund categories, including growth funds, growth-and-income funds, equity-income funds, balanced funds and fixed income funds. The fund categories represent differing investment objectives and strategies.
Principal Investment Risks
There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.
Performance & Expenses
| Fund/Benchmark Name | Qtr | YTD | 1-Yr | 3-Yr | 5-Yr | 10-Yr | Since Inception |
|---|---|---|---|---|---|---|---|
| Am Funds 2065 Trgt Ret F1a | -5.49% | -26.37% | -22.04% | N/A | N/A | N/A | 9.78% |
| S&P Target Date Through 2060+a,b | -6.29% | -23.87% | -19.03% | 3.63% | 4.57% | 7.91% | N/A |
| Morningstar Target-Date 2065+a,c | -6.42% | -25.24% | -20.87% | 3.33% | 4.41% | N/A | 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.missionsq.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.
| Gross Expenses | 0.79% |
|---|---|
| Net Expenses | 0.73% |
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 Date Indexes reflect exposure to various asset classes included in target date funds driven by a survey of such funds through each particular target date.
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.
d. Differences between the net and gross expense ratios of a fund are typically due to fee waivers, expense reimbursements, and/or expense limits.
Morningstar Information
| Period | Stars | Category Size |
|---|---|---|
| Overall | N/A | N/A |
| 3-Year | N/A | N/A |
| 5-Year | N/A | N/A |
| 10-Year | N/A | N/A |
| Equity Stylebox | Fixed Income Stylebox |
|---|---|
 |  |
| Type of Asset | Percent |
|---|---|
| Equity | 85% |
| Fixed Income | 9% |
| Cash/Other | 6% |
Due to rounding, percentages shown may not add up to 100%.
Characteristics
| Asset Class | Percent |
|---|---|
| Domestic Stock | 59.7% |
| Foreign Stock | 25.5% |
| Domestic Bond | 7.2% |
| Foreign Bond | 1.3% |
| Preferred | 0.4% |
| Convertible | 0.1% |
| Cash | 5.6% |
| Other | 0.4% |
Due to rounding, percentages shown may not add up to 100%.
| Sector | Percent |
|---|---|
| Technology | 18.3% |
| Healthcare | 12.6% |
| Financial Services | 11.2% |
| Consumer Cyclical | 10.6% |
| Industrials | 9.1% |
| Communication Services | 7.1% |
| Consumer Defensive | 5.5% |
| Basic Materials | 3.9% |
| Energy | 3.6% |
| Utilities | 1.9% |
| Real Estate | 1.3% |
Exposure reflects equity securities only and will sum to the equity exposure of the fund.
| Quality Level | Percent |
|---|---|
| AAA | 88.9% |
| AA | 1.7% |
| A | 3.9% |
| BBB | 4.2% |
| BB | 0.6% |
| B | 0.2% |
| Below B | 0.1% |
| Not Rated | 0.5% |
Due to rounding, percentages shown may not add up to 100%. Exposure reflects fixed income securities only.
| Holding Name | Percent |
|---|---|
| American Funds New Perspective R6 | 10.0% |
| American Funds SMALLCAP World R6 | 10.0% |
| American Funds Capital World Gr&Inc R6 | 9.0% |
| American Funds Fundamental Invs R6 | 9.0% |
| American Funds Washington Mutual R6 | 8.0% |
| American Funds AMCAP R6 | 7.0% |
| American Funds Growth Fund of Amer R6 | 7.0% |
| American Funds Invmt Co of Amer R6 | 7.0% |
| American Funds Global Balanced R6 | 6.0% |
| American Funds American Balanced R6 | 6.0% |
| Sector | Percent |
|---|---|
| Government | 5.8% |
| Cash & Equivalents | 5.6% |
| Securitized | 1.9% |
| Corporate | 1.1% |
| Municipal | 0.0% |
Exposure reflects fixed income securities only and will sum to the fixed income exposure of the fund.
Statistics
| Statistic | 3-Year | 5-Year |
|---|---|---|
| Beta | N/A | N/A |
| Alpha | N/A | N/A |
| Standard Deviation | N/A | N/A |
Footnotes
| 1. | The Fund is not a complete solution for all of your retirement savings needs. An investment in the Fund includes the risk of loss, including near, at or after the target date of the Fund. There is no guarantee that the Fund will provide adequate income at and through an investor's retirement. |
|---|---|
| 2. | Please read the fund's prospectus or disclosure materials carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, or log in at www.missionsq.org. |
| † | 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. |