Fund Facts  

Inception Date: Aug 3, 1960
CUSIP: 00142J479
Ticker Symbol: ACEIX
Morningstar Category:Allocation--70% to 85% Equity
As of Sep 30, 2022
Fund Net Assets ($millions) $10,962

Documents for Fund or Underlying Fund(s)  



The investment seeks current income and, secondarily, capital appreciation.

Principal Investment Strategies  

The fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in equity and income securities, and in derivatives and other instruments that have economic characteristics similar to such securities. It invests, under normal circumstances, at least 65% of its net assets in income-producing equity investments. The fund may invest up to 25% of its net assets in securities of foreign issuers.

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
Invesco Equity and Incomea-3.20%-14.96%-11.01%5.18%4.33%7.40%9.81%
Russell 1000 Value Indexa,b-5.62%-17.75%-11.36%4.36%5.29%9.17%N/A
Morningstar Allocation -- 70% to 85% Equitya,c-5.23%-21.08%-16.74%2.78%3.53%6.27%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, or institutions can go to

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 Expenses0.78%
Net Expenses0.78%


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.


Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Sep 22, 2022Sep 22, 2022$0.044300000
Jun 23, 2022Jun 23, 2022$0.033200000
Mar 24, 2022Mar 24, 2022$0.033200000
Dec 14, 2021Dec 14, 2021$1.458200000
Sep 23, 2021Sep 23, 2021$0.033200000
Jun 24, 2021Jun 24, 2021$0.033200000
Mar 25, 2021Mar 25, 2021$0.033200000
Dec 11, 2020Dec 11, 2020$0.205000000
Sep 17, 2020Sep 17, 2020$0.039100000
Jun 18, 2020Jun 18, 2020$0.039100000
Mar 19, 2020Mar 19, 2020$0.038900000
Dec 13, 2019Dec 13, 2019$0.528600000
Sep 19, 2019Sep 19, 2019$0.038900000
Jun 20, 2019Jun 20, 2019$0.038900000
Mar 21, 2019Mar 21, 2019$0.038900000
Dec 14, 2018Dec 14, 2018$0.695700000
Sep 13, 2018Sep 13, 2018$0.038900000
Jun 21, 2018Jun 21, 2018$0.038900000

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2022
Period Stars Category Size
Overall 4 Stars304
3-Year 4 Stars304
5-Year 4 Stars285
10-Year 4 Stars223

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 ValueMedium Moderate
Allocation of Assets As of Aug 31, 2022
Type of Asset Percent
Fixed Income31%

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



Allocation of Assets As of Aug 31, 2022
Asset ClassPercent
Domestic Stock58.8%
Foreign Stock4.7%
Domestic Bond19.4%
Foreign Bond1.4%

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


Equity Sector As of Aug 31, 2022
Financial Services13.7%
Consumer Cyclical5.3%
Communication Services4.5%
Consumer Defensive3.0%
Basic Materials1.6%
Real Estate1.6%

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

Credit Quality As of Apr 30, 2022
Quality LevelPercent
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 3.125%2.9%
Wells Fargo & Co2.5%
United States Treasury Notes 3.25%2.3%
United States Treasury Notes 3.125%2.2%
Invesco Shrt-Trm Inv Treasury Instl1.9%
General Motors Co1.8%
Bank of America Corp1.8%
United States Treasury Notes 3.125%1.7%
Invesco Shrt-Trm Inv Gov&Agcy Instl1.6%
Fixed Income Sector As of Aug 31, 2022
Cash & Equivalents5.2%

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



Portfolio Statistics As of Sep 30, 2022
Standard Deviation16.3014.50



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

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.