Fund Facts  

Inception Date: Jun 7, 2016
CUSIP: 31635V638
Ticker Symbol: FTIHX
Morningstar Category:Foreign Large Blend
As of Sep 30, 2022
Fund Net Assets ($millions) $7,727

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks to provide investment results that correspond to the total return of foreign developed and emerging stock markets.

Principal Investment Strategies  

The fund normally invests at least 80% of assets in securities included in the MSCI ACWI (All Country World Index) ex USA Investable Market Index and in depositary receipts representing securities included in the index. The MSCI ACWI (All Country World Index) ex USA Investable Market Index is a market capitalization-weighted index designed to measure the investable equity market performance for global investors of large, mid, and small-cap stocks in developed and emerging markets, excluding the U.S.

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
Fidelity Total Intl Indexa-10.45%-27.06%-25.59%-1.42%-0.83%N/A2.55%
MSCI ACWI ex USA Investable Market Index (Net)a,b-9.69%-26.92%-25.72%-1.27%-0.78%3.19%N/A
Morningstar Foreign Large Blenda,c-10.10%-27.41%-25.51%-1.79%-1.12%3.31%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 Expenses0.06%
Net Expenses0.06%

 

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 MSCI All Country World ex USA Investable Market Index (Net) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of large, mid and small cap segments of developed and emerging markets, excluding the U.S. The net version of this index reinvests dividends after the deduction of withholding taxes, using a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.

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
Dec 28, 2021Dec 28, 2021$0.012000000
Dec 3, 2021Dec 3, 2021$0.354000000
Dec 4, 2020Dec 4, 2020$0.220000000
Dec 6, 2019Dec 6, 2019$0.324000000
 

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2022
Period Stars Category Size
Overall 3 Stars701
3-Year 3 Stars701
5-Year 3 Stars610
10-Year N/A N/A

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 Blend
Allocation of Assets As of Aug 31, 2022
Type of Asset Percent
Equity100%
Fixed Income0%
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 Stock0.8%
Foreign Stock99.2%
Domestic Bond0.1%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash-0.1%
Other0.1%

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

 

Equity Sector As of Aug 31, 2022
SectorPercent
Financial Services19.0%
Industrials13.1%
Technology11.4%
Consumer Cyclical11.2%
Healthcare9.3%
Consumer Defensive8.4%
Basic Materials8.3%
Communication Services6.2%
Energy6.0%
Real Estate3.5%
Utilities3.3%

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

 
Top Ten Country Exposure As of Aug 31, 2022
CountryPercent
Japan15.1%
United Kingdom9.3%
China8.4%
Canada8.0%
Switzerland6.2%
France5.9%
Australia5.3%
India4.5%
Taiwan4.5%
Germany4.4%
Top Ten Holdings As of Aug 31, 2022
Holding NamePercent
Fidelity Revere Str Tr2.4%
MSCI EAFE Index Future Sept 221.8%
Taiwan Semiconductor Manufacturing Co Ltd1.5%
Nestle SA1.3%
Tencent Holdings Ltd1.0%
MSCI Emerging Markets Index Future Sept 220.9%
Roche Holding AG0.8%
Samsung Electronics Co Ltd0.8%
Shell PLC0.8%
ASML Holding NV0.8%
 

Statistics

Portfolio Statistics As of Sep 30, 2022
Statistic3-Year5-Year
Beta0.990.99
Alpha-0.16-0.06
Standard Deviation18.8616.64
 
 

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.