Fund Facts  

Inception Date: Mar 28, 2002
CUSIP: 00142F535
Ticker Symbol: IAUTX
Morningstar Category:Large Value
As of Sep 30, 2022
Fund Net Assets ($millions) $3,369

Documents for Fund or Underlying Fund(s)  

Description

Objective  

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

Principal Investment Strategies  

The fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in dividend-paying equity securities and in other instruments that have economic characteristics similar to such securities. It may invest up to 25% of its net assets in foreign securities. The fund may invest in securities of issuers of all capitalization sizes and under normal market conditions, it is currently expected that it will invest a substantial percentage of its assets in large-capitalization 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 Dividend Income Aa-5.89%-11.02%-4.97%3.10%3.82%7.73%7.58%
S&P 500 Indexa,b-4.88%-23.87%-15.47%8.16%9.24%11.70%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 Expenses0.93%
Net Expenses0.93%

 

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 S&P 500 Index consists of 500 companies representing larger capitalization stocks traded in the U.S.

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 22, 2022Sep 22, 2022$0.035100000
Aug 18, 2022Aug 18, 2022$0.035100000
Jul 21, 2022Jul 21, 2022$0.035100000
Jun 23, 2022Jun 23, 2022$0.035100000
May 19, 2022May 19, 2022$0.035100000
Apr 21, 2022Apr 21, 2022$0.039300000
Mar 24, 2022Mar 24, 2022$0.039300000
Feb 17, 2022Feb 17, 2022$0.039300000
Jan 20, 2022Jan 20, 2022$0.039300000
Dec 14, 2021Dec 14, 2021$1.250700000
Nov 18, 2021Nov 18, 2021$0.039300000
Oct 21, 2021Oct 21, 2021$0.039300000
Sep 23, 2021Sep 23, 2021$0.039300000
Aug 19, 2021Aug 19, 2021$0.039300000
Jul 15, 2021Jul 15, 2021$0.039300000
Jun 24, 2021Jun 24, 2021$0.039300000
May 20, 2021May 20, 2021$0.039300000
Apr 15, 2021Apr 15, 2021$0.039300000
 

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 Aug 31, 2022
Type of Asset Percent
Equity96%
Fixed Income0%
Cash/Other4%

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

 
 

Characteristics

Allocation of Assets As of Aug 31, 2022
Asset ClassPercent
Domestic Stock87.6%
Foreign Stock8.9%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash3.5%
Other0.0%

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

 

Equity Sector As of Aug 31, 2022
SectorPercent
Healthcare19.6%
Financial Services18.5%
Energy11.2%
Industrials10.2%
Consumer Defensive9.7%
Technology6.7%
Utilities6.0%
Consumer Cyclical5.9%
Communication Services4.7%
Real Estate2.5%
Basic Materials1.4%

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

 
Top Ten Holdings As of Aug 31, 2022
Holding NamePercent
Exxon Mobil Corp3.8%
Johnson & Johnson3.6%
UnitedHealth Group Inc3.4%
Merck & Co Inc3.3%
Chevron Corp2.5%
McDonald's Corp2.5%
Bank of America Corp2.4%
Walmart Inc2.2%
CVS Health Corp2.1%
The Kraft Heinz Co2.1%
 

Statistics

Portfolio Statistics As of Sep 30, 2022
Statistic3-Year5-Year
Beta0.690.68
Alpha-2.72-2.78
Standard Deviation15.7013.83
 
 

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.