Fund Facts  

Inception Date: Mar 28, 2011
CUSIP: 921932877
Ticker Symbol: VSPMX
Morningstar Category:Mid-Cap Blend
As of May 31, 2022
Fund Net Assets ($millions) $2,676

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization stocks in the United States.

Principal Investment Strategies  

The fund employs an indexing investment approach designed to track the performance of the S&P MidCap 400® Index. The index measures the performance of mid-size companies in the United States. The Advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

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 Jun 30, 2022
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Vanguard S&P Mid-Cap 400 Idxa-15.43%-19.57%-14.71%6.80%6.96%10.83%9.49%
S&P MidCap 400 Indexa,b-15.42%-19.54%-14.64%6.87%7.02%10.90%N/A
Morningstar Mid-Cap Blenda,c-14.24%-18.50%-13.90%6.70%6.97%10.07%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.icmarc.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 Expenses0.08%
Net Expenses0.08%

 

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 MidCap 400 Index includes approximately 10% of the capitalization of U.S. equity securities. These are comprised of stocks in the middle capitalization range. Any midcap stocks already included in the S&P 500 are excluded from this index, which started on December 31, 1990.

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
Jun 22, 2022Jun 22, 2022$1.093800000
Mar 23, 2022Mar 23, 2022$0.747500000
Dec 20, 2021Dec 20, 2021$1.529000000
Sep 28, 2021Sep 28, 2021$1.282800000
Jun 23, 2021Jun 23, 2021$0.943600000
Mar 25, 2021Mar 25, 2021$0.650000000
Dec 21, 2020Dec 21, 2020$1.576400000
Sep 10, 2020Sep 10, 2020$0.775300000
Jun 24, 2020Jun 24, 2020$0.952600000
Mar 9, 2020Mar 9, 2020$0.542300000
Dec 13, 2019Dec 13, 2019$1.429500000
Sep 25, 2019Sep 25, 2019$1.118300000
Jun 26, 2019Jun 26, 2019$1.058700000
Mar 22, 2019Mar 22, 2019$0.535100000
Dec 12, 2018Dec 12, 2018$1.070400000
Sep 25, 2018Sep 25, 2018$1.128500000
Jun 27, 2018Jun 27, 2018$0.951300000
Mar 23, 2018Mar 23, 2018$0.513500000
 

Morningstar Information

Morningstar RatingTM   As of Jun 30, 2022
Period Stars Category Size
Overall 3 Stars367
3-Year 3 Stars367
5-Year 3 Stars325
10-Year 3 Stars217

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 Jun 30, 2022
Equity Stylebox
Small Blend
Allocation of Assets As of May 31, 2022
Type of Asset Percent
Equity99%
Fixed Income0%
Cash/Other1%

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

 
 

Characteristics

Allocation of Assets As of May 31, 2022
Asset ClassPercent
Domestic Stock98.6%
Foreign Stock0.6%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash0.8%
Other0.0%

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

 

Equity Sector As of May 31, 2022
SectorPercent
Industrials18.0%
Financial Services15.0%
Consumer Cyclical14.2%
Technology13.3%
Healthcare9.3%
Real Estate9.2%
Basic Materials6.3%
Energy5.1%
Consumer Defensive3.9%
Utilities3.4%
Communication Services1.5%

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

 
Top Ten Holdings As of May 31, 2022
Holding NamePercent
Targa Resources Corp0.8%
Steel Dynamics Inc0.7%
EQT Corp0.7%
Carlisle Companies Inc0.6%
Darling Ingredients Inc0.6%
Builders FirstSource Inc0.6%
First Horizon Corp0.6%
Reliance Steel & Aluminum Co0.6%
Service Corp International0.5%
RPM International Inc0.5%
 

Statistics

Portfolio Statistics As of Jun 30, 2022
Statistic3-Year5-Year
Beta1.001.00
Alpha-0.07-0.06
Standard Deviation22.3920.38
 
 

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.icmarc.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.