Fund Facts  

Inception Date: Nov 13, 2000
CUSIP: 922908694
Ticker Symbol: VEXAX
Morningstar Category:Mid-Cap Growth
As of Aug 31, 2022
Fund Net Assets ($millions) $82,441

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks to track the S&P Completion Index that measures the investment return of small- and mid-capitalization stocks.

Principal Investment Strategies  

The fund employs an indexing investment approach designed to track the performance of S&P Completion Index, a broadly diversified index of stocks of small and mid-size U.S. companies. It invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the full index in terms of key characteristics. These characteristics include industry weightings and market capitalization, as well as certain financial measures, such as price/earnings ratio and dividend yield.

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
Vanguard Extended Mkt Idx Adma-2.73%-30.04%-29.55%4.24%4.82%9.41%7.34%
S&P Completion Indexa,b-2.78%-30.09%-29.62%4.16%4.72%9.31%N/A
Morningstar Mid-Cap Growtha,c-1.83%-31.49%-29.18%5.10%7.27%10.14%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 S&P Completion Index is a sub-index of the S&P Total Market Index, including all stocks eligible for the S&P TMI and excluding all current constituents of the S&P 500.

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$0.344700000
Jun 22, 2022Jun 22, 2022$0.186100000
Mar 22, 2022Mar 22, 2022$0.112400000
Dec 23, 2021Dec 23, 2021$0.574200000
Sep 23, 2021Sep 23, 2021$0.202800000
Jun 23, 2021Jun 23, 2021$0.327200000
Mar 24, 2021Mar 24, 2021$0.460200000
Dec 23, 2020Dec 23, 2020$0.614100000
Sep 28, 2020Sep 28, 2020$0.299600000
Jun 26, 2020Jun 26, 2020$0.300100000
Mar 25, 2020Mar 25, 2020$0.125500000
Dec 23, 2019Dec 23, 2019$0.502500000
Sep 13, 2019Sep 13, 2019$0.281600000
Jun 14, 2019Jun 14, 2019$0.223200000
Mar 27, 2019Mar 27, 2019$0.237100000
Dec 18, 2018Dec 18, 2018$0.372900000
Sep 25, 2018Sep 25, 2018$0.356900000
Jun 27, 2018Jun 27, 2018$0.280900000
 

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2022
Period Stars Category Size
Overall 2 Stars532
3-Year 2 Stars532
5-Year 2 Stars491
10-Year 2 Stars379

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
Small Blend
Allocation of Assets As of Aug 31, 2022
Type of Asset Percent
Equity97%
Fixed Income0%
Cash/Other3%

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

 
 

Characteristics

Allocation of Assets As of Aug 31, 2022
Asset ClassPercent
Domestic Stock96.2%
Foreign Stock1.1%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash2.7%
Other0.0%

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

 

Equity Sector As of Aug 31, 2022
SectorPercent
Technology20.7%
Financial Services14.6%
Healthcare12.8%
Industrials12.4%
Consumer Cyclical10.8%
Real Estate8.2%
Energy5.1%
Basic Materials3.8%
Communication Services3.7%
Consumer Defensive2.9%
Utilities2.4%

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
Blackstone Inc1.1%
Palo Alto Networks Inc0.9%
Uber Technologies Inc0.8%
Snowflake Inc Ordinary Shares - Class A0.7%
Airbnb Inc Ordinary Shares - Class A0.7%
Marvell Technology Inc0.6%
CrowdStrike Holdings Inc Class A0.6%
Cheniere Energy Inc0.6%
Lululemon Athletica Inc0.6%
Block Inc Class A0.6%
 

Statistics

Portfolio Statistics As of Sep 30, 2022
Statistic3-Year5-Year
Beta1.001.00
Alpha0.070.09
Standard Deviation26.2823.00
 
 

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.