Fund Facts  

Inception Date: Sep 18, 2006
CUSIP: 233203355
Ticker Symbol: DIPSX
Morningstar Category:Inflation-Protected Bond
As of Sep 30, 2022
Fund Net Assets ($millions) $5,956

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks to provide inflation protection and earn current income consistent with inflation-protected securities.

Principal Investment Strategies  

As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in inflation-protected securities. Inflation-protected securities (also known as inflation-indexed securities) are securities whose principal and/or interest payments are adjusted for inflation, unlike conventional debt securities that make fixed principal and interest payments.

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
DFA Inflation Protected Seca-5.03%-13.93%-12.23%0.66%1.91%0.90%3.52%
Bloomberg U.S. Treasury Inflation-Linked Bond Indexa,b-5.14%-13.61%-11.57%0.79%1.95%0.98%N/A
Morningstar Inflation-Protected Bonda,c-4.60%-10.85%-9.40%0.71%1.65%0.65%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 Expenses0.11%
Net Expenses0.11%

 

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. Treasury Inflation-Linked Bond Index, consists of all U.S. Treasury inflation protected securities rated investment grade or better, having at least one year to final maturity and at least $250 million par amount outstanding.

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 29, 2022Sep 29, 2022$0.367900000
Jun 29, 2022Jun 29, 2022$0.316660000
Mar 30, 2022Mar 30, 2022$0.123500000
Dec 13, 2021Dec 13, 2021$0.149120000
Sep 29, 2021Sep 29, 2021$0.259210000
Jun 29, 2021Jun 29, 2021$0.212530000
Mar 30, 2021Mar 30, 2021$0.026530000
Dec 14, 2020Dec 14, 2020$0.116610000
Sep 29, 2020Sep 29, 2020$0.061990000
Mar 30, 2020Mar 30, 2020$0.030610000
Dec 16, 2019Dec 16, 2019$0.047530000
Sep 27, 2019Sep 27, 2019$0.076240000
Jun 27, 2019Jun 27, 2019$0.122820000
Dec 17, 2018Dec 17, 2018$0.046240000
Sep 27, 2018Sep 27, 2018$0.094580000
Jun 28, 2018Jun 28, 2018$0.117900000
Dec 14, 2017Dec 14, 2017$0.153830000
 

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2022
Period Stars Category Size
Overall 3 Stars198
3-Year 3 Stars198
5-Year 3 Stars189
10-Year 3 Stars127

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
Fixed Income Stylebox
High Moderate
Allocation of Assets As of Aug 31, 2022
Type of Asset Percent
Equity0%
Fixed Income100%
Cash/Other0%

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

 
 

Characteristics

Allocation of Assets As of Aug 31, 2022
Asset ClassPercent
Domestic Stock0.0%
Foreign Stock0.0%
Domestic Bond100.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash0.0%
Other0.0%

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

 

Credit Quality As of Jun 30, 2022
Quality LevelPercent
AAA100.0%
AA0.0%
A0.0%
BBB0.0%
BB0.0%
B0.0%
Below B0.0%
Not Rated0.0%

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

 
Top Ten Holdings As of Aug 31, 2022
Holding NamePercent
United States Treasury Notes 0.375%9.2%
United States Treasury Bonds 3.875%9.2%
United States Treasury Notes 0.875%8.4%
United States Treasury Notes 0.375%8.4%
United States Treasury Bonds 3.625%8.1%
United States Treasury Bonds 2.125%7.6%
United States Treasury Bonds 2.5%7.5%
United States Treasury Bonds 2.125%6.8%
United States Treasury Bonds 1.75%6.2%
United States Treasury Bonds 3.375%5.8%
Fixed Income Sector As of Aug 31, 2022
SectorPercent
Government100.0%
Cash & Equivalents0.0%

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

 
 

Statistics

Duration and Maturity As of Jun 30, 2022
StatisticValue
Average Effective Duration8.06 years
Average Effective Maturity7.81 years
Portfolio Statistics As of Sep 30, 2022
Statistic3-Year5-Year
Beta1.071.06
Alpha-0.12-0.07
Standard Deviation7.396.11
 
 

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.