Fund Facts  

Inception Date: May 1, 2009
CUSIP: 024071813
Ticker Symbol: RLBGX
Morningstar Category:Allocation--50% to 70% Equity
As of Sep 30, 2022
Fund Net Assets ($millions) $179,862

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks conservation of capital, current income and long-term growth of capital and income.

Principal Investment Strategies  

The fund uses a balanced approach to invest in a broad range of securities, including common stocks and investment-grade bonds. It also invests in securities issued and guaranteed by the U.S. government and by federal agencies and instrumentalities. In addition, the fund may invest a portion of its assets in common stocks, most of which have a history of paying dividends, bonds and other securities of issuers domiciled outside the United States.

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 Funds American Bal R6a-5.87%-18.47%-13.13%3.72%5.14%7.89%9.71%
Bloomberg U.S. Agg Bond Indexa,b-4.75%-14.61%-14.60%-3.26%-0.27%0.89%N/A
Morningstar Allocation -- 50% to 70% Equitya,c-4.48%-18.29%-14.80%2.49%3.60%5.64%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 Expenses0.25%
Net Expenses0.25%

 

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 Bloomberg U.S. Aggregate Bond Index consists of investment-grade U.S. fixed income securities.

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 12, 2022Sep 12, 2022$0.122800000
Jun 13, 2022Jun 13, 2022$0.301300000
Mar 14, 2022Mar 14, 2022$0.124600000
Dec 14, 2021Dec 14, 2021$0.985300000
Sep 13, 2021Sep 13, 2021$0.125900000
Jun 14, 2021Jun 14, 2021$0.303600000
Mar 15, 2021Mar 15, 2021$0.123500000
Dec 15, 2020Dec 15, 2020$0.890700000
Sep 14, 2020Sep 14, 2020$0.123200000
Jun 15, 2020Jun 15, 2020$0.268400000
Mar 16, 2020Mar 16, 2020$0.123000000
Dec 17, 2019Dec 17, 2019$0.777200000
Sep 11, 2019Sep 11, 2019$0.122200000
Jun 12, 2019Jun 12, 2019$0.205000000
Mar 13, 2019Mar 13, 2019$0.118900000
Dec 18, 2018Dec 18, 2018$1.209400000
Sep 12, 2018Sep 12, 2018$0.120500000
Jun 13, 2018Jun 13, 2018$0.166600000
 

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2022
Period Stars Category Size
Overall 5 Stars699
3-Year 4 Stars699
5-Year 4 Stars649
10-Year 5 Stars482

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 Fixed Income Stylebox
Large BlendHigh Moderate
Allocation of Assets As of Jun 30, 2022
Type of Asset Percent
Equity61%
Fixed Income29%
Cash/Other9%

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

 
 

Characteristics

Allocation of Assets As of Jun 30, 2022
Asset ClassPercent
Domestic Stock52.6%
Foreign Stock8.7%
Domestic Bond26.3%
Foreign Bond2.4%
Preferred0.2%
Convertible0.4%
Cash4.4%
Other5.0%

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

 

Equity Sector As of Jun 30, 2022
SectorPercent
Technology11.1%
Healthcare11.1%
Consumer Defensive6.9%
Financial Services6.8%
Industrials5.5%
Energy4.8%
Consumer Cyclical4.8%
Communication Services4.6%
Basic Materials2.7%
Real Estate2.3%
Utilities0.7%

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

 
Credit Quality As of Jun 30, 2022
Quality LevelPercent
AAA67.0%
AA4.4%
A10.7%
BBB17.0%
BB0.0%
B0.0%
Below B0.0%
Not Rated1.0%

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

 
Top Ten Holdings As of Jun 30, 2022
Holding NamePercent
Cap Grp Cent Fd Ser Ii5.0%
Microsoft Corp3.8%
UnitedHealth Group Inc2.7%
Broadcom Inc2.4%
Philip Morris International Inc2.1%
Pfizer Inc1.6%
United States Treasury Bonds 2.25%1.4%
The Home Depot Inc1.3%
Taiwan Semiconductor Manufacturing Co Ltd ADR1.1%
United States Treasury Notes 0.132%1.1%
Fixed Income Sector As of Jun 30, 2022
SectorPercent
Government12.1%
Securitized10.5%
Corporate6.4%
Cash & Equivalents4.4%
Municipal0.4%

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

 
 

Statistics

Portfolio Statistics As of Sep 30, 2022
Statistic3-Year5-Year
BetaN/AN/A
AlphaN/AN/A
Standard Deviation12.6011.01
 
 

Trading Restrictions

Purchase, Sale, and Transfer Restrictions

 

The American Funds imposes trading restrictions for this investment. If you transfer $5,000 or more out of this investment, you will have limited opportunities to transfer back into this investment for 30 days. Your transfers in will be limited to under $5,000 for a 30 day period following a transfer out of $5,000 or more. Full details are provided in the fund prospectus.

 

Footnotes

1.

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.