- Description
- Performance & Expenses
- Morningstar Information
- Statistics
- Underlying Fund Characteristics
- Management
Description
Objective
Long-term growth from dividend income and capital appreciation.
Principal Investment Strategies
Principal Investment Risks
There is no guarantee that the Fund will achieve its investment objective.
You may lose money by investing in the Fund.
The Fund’s principal investment risks include: Stock Market Risk, Mid-Cap Securities Risk, Small-Cap Securities Risk, Equity Income/Interest Rate Risk, Style Risk, REITs Risk, Foreign Securities Risk, Foreign Currency Risk, Preferred Stock Risk, Convertible Securities Risk, Multi-Manager Risk, Large Investor Risk.
Please see the Disclosure Memorandum for additional information about the Fund’s risks.
Performance & Expenses
| Fund/Benchmark Name | Qtr | YTD | 1-Yr | 3-Yr | 5-Yr | 10-Yr | Since Inception |
|---|---|---|---|---|---|---|---|
| MissionSquare Select Value R9 | -3.74% | -14.51% | -6.80% | 7.77% | 5.71% | 9.09% | N/A |
| Russell Midcap Value Indexa,b | -4.93% | -20.36% | -13.56% | 4.50% | 4.76% | 9.44% | N/A |
| Morningstar Mid-Cap Valuea,c | -5.15% | -17.88% | -11.31% | 5.22% | 4.59% | 8.65% | 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.
Performance information for this class prior to its inception date is the performance of the Fund adjusted to reflect the estimated fees and expenses of this class.
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.
| Gross Expenses | 0.60% |
|---|---|
| Net Expenses | 0.60% |
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 Midcap® Value Index measures the performance of the mid-cap value segment of the U.S. equity universe. It includes those Russell Midcap® Index companies with lower price-to-book ratios and lower forecasted 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.
Morningstar Information
| Period | Stars | Category Size |
|---|---|---|
| Overall |  | 391 |
| 3-Year |  | 391 |
| 5-Year | | 364 |
| 10-Year | | 270 |
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.
| Equity Stylebox |
|---|
 |
| Type of Asset | Percent |
|---|---|
| Equity | 95% |
| Fixed Income | 0% |
| Cash/Other | 5% |
Due to rounding, percentages shown may not add up to 100%.
Statistics
| Statistic | 3-Year | 5-Year |
|---|---|---|
| Beta | 0.93 | 0.94 |
| Alpha | 3.18 | 1.01 |
| Standard Deviation | 22.29 | 19.69 |
Underlying Fund Characteristics
| Asset Class | Percent |
|---|---|
| Domestic Stock | 91.2% |
| Foreign Stock | 4.0% |
| Domestic Bond | 0.0% |
| Foreign Bond | 0.0% |
| Preferred | 0.0% |
| Convertible | 0.0% |
| Cash | 4.8% |
| Other | 0.0% |
Due to rounding, percentages shown may not add up to 100%.
| Sector | Percent |
|---|---|
| Industrials | 21.2% |
| Financial Services | 16.1% |
| Consumer Cyclical | 11.7% |
| Technology | 9.1% |
| Healthcare | 7.9% |
| Real Estate | 7.6% |
| Basic Materials | 5.8% |
| Consumer Defensive | 5.4% |
| Utilities | 5.2% |
| Energy | 4.7% |
| Communication Services | 0.6% |
Exposure reflects equity securities only and will sum to the equity exposure of the fund.
Management
Management
Investment Advisor: MissionSquare Investments
| Title | Accreditation | ||
| Wayne Wicker | Senior Vice President and Chief Investment Officer | CFA | Managed Fund Since 2007 |
| Aimei Zhong | Managing Vice President | CFA, CAIA | Managed Fund Since 2020 |
| Tracey Smith | Senior Fund Manager | Managed Fund Since 2021 |
| Manager Name | Target | Range | Manager Strategy Inception Date | Manager Style |
| Allspring Global Investments, LLC | 50.00% | +/- 10.00% | 11/2021 | Quality Value |
| Victory Capital Management Inc. | 50.00% | +/- 10.00% | 02/2020 | Relative Value |
Footnotes
| 1. | Before investing in the Fund you should carefully consider your investment goals, tolerance for risk, investment time horizon, and personal circumstances. There is no guarantee that the Fund will meet its investment objective and you can lose money. |
|---|---|
| 2. | The Fund is an investment option of VantageTrust, a group trust established and maintained by VantageTrust Company, LLC, a wholly owned subsidiary of MissionSquare Retirement. VantageTrust provides for the commingling of assets of certain trusts and plans as described in its Declaration of Trust, and is only available for investment by such eligible trusts and plans. The Fund is not a mutual fund. Its units are not deposits of VantageTrust Company and are not insured by the Federal Deposit Insurance Corporation or any other agency. The Fund is a security that has not been registered under the Securities Act of 1933 and is exempt from investment company registration under the Investment Company Act of 1940. For additional information regarding the Fund, including a description of the principal risks, please consult the Funds Disclosure Memorandum, which is available when plan administration clients log in at www.missionsq.org, at www.investments.missionsq.org for institutions, or upon request by calling 800-669-7400. |
| 3. | When Funds are marketed to institutional clients, the Funds are offered by MissionSquare Investment Services, an SEC registered broker-dealer and FINRA member firm. MissionSquare Investment Services is a wholly-owned subsidiary of MissionSquare Retirement and is an affiliate of VantageTrust Company, LLC and MissionSquare Investments. |
| † | 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. |