Fund Facts  

Inception Date: Sep 1, 1993
CUSIP: 025076506
Ticker Symbol: TWVLX
Morningstar Category:Large Value
As of Sep 30, 2022
Fund Net Assets ($millions) $1,939

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks long-term capital growth; income is a secondary objective.

Principal Investment Strategies  

In selecting stocks for the fund, the portfolio managers look for companies of all sizes whose stock price may not reflect the company's value. The managers attempt to purchase the stocks of these undervalued companies and hold each stock until the price has increased to, or is higher than, a level the managers believe more accurately reflects the fair value of the company. The fund may invest a portion of its assets in foreign securities when these securities meet the portfolio managers' standards of selection.

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

Standard Performance As of Sep 30, 2022
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
American Century® Value Inva-5.58%-12.85%-8.21%6.21%5.49%8.86%9.06%
Russell 1000 Value Indexa,b-5.62%-17.75%-11.36%4.36%5.29%9.17%N/A
Morningstar Large Valuea,c-5.91%-16.64%-9.64%5.27%5.75%8.98%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.

Fund Expensesa
Gross Expenses1.01%
Net Expenses1.01%

 

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 Russell 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000® Index companies with lower price-to-book ratios and lower expected growth values.

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.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Sep 20, 2022Sep 20, 2022$0.034900000
Jun 21, 2022Jun 21, 2022$0.050100000
Mar 22, 2022Mar 22, 2022$0.026800000
Dec 21, 2021Dec 21, 2021$1.124500000
Sep 21, 2021Sep 21, 2021$0.040300000
Jun 22, 2021Jun 22, 2021$0.042800000
Mar 23, 2021Mar 23, 2021$0.034100000
Dec 22, 2020Dec 22, 2020$0.172900000
Sep 22, 2020Sep 22, 2020$0.037800000
Jun 16, 2020Jun 16, 2020$0.037500000
Mar 10, 2020Mar 10, 2020$0.037600000
Dec 20, 2019Dec 20, 2019$0.028200000
Oct 22, 2019Oct 22, 2019$0.595200000
Sep 17, 2019Sep 17, 2019$0.036000000
Jun 18, 2019Jun 18, 2019$0.036100000
Mar 19, 2019Mar 19, 2019$0.040400000
Dec 20, 2018Dec 20, 2018$0.037200000
Dec 11, 2018Dec 11, 2018$0.710400000
 

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2022
Period Stars Category Size
Overall 3 Stars1153
3-Year 3 Stars1153
5-Year 3 Stars1094
10-Year 3 Stars800

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 Sep 30, 2022
Equity Stylebox
Large Value
Allocation of Assets As of Jun 30, 2022
Type of Asset Percent
Equity98%
Fixed Income0%
Cash/Other2%

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

 
 

Characteristics

Allocation of Assets As of Jun 30, 2022
Asset ClassPercent
Domestic Stock81.3%
Foreign Stock16.6%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash2.1%
Other0.0%

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

 

Equity Sector As of Jun 30, 2022
SectorPercent
Financial Services22.0%
Healthcare18.1%
Industrials12.3%
Energy9.5%
Consumer Defensive8.8%
Technology8.6%
Communication Services6.0%
Consumer Cyclical5.5%
Real Estate2.7%
Utilities2.4%
Basic Materials2.0%

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

 
Top Ten Holdings As of Jun 30, 2022
Holding NamePercent
Johnson & Johnson3.1%
Cisco Systems Inc2.8%
JPMorgan Chase & Co2.8%
U.S. Bancorp2.7%
Medtronic PLC2.6%
Berkshire Hathaway Inc Class A2.5%
Verizon Communications Inc2.4%
General Electric Co2.3%
AT&T Inc2.1%
Zimmer Biomet Holdings Inc2.0%
 

Statistics

Portfolio Statistics As of Sep 30, 2022
Statistic3-Year5-Year
Beta1.041.05
Alpha1.790.14
Standard Deviation21.6219.47
 
 

Footnotes

1.

American Century® is a registered trademark of American Century Services Corporation.

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.