Fund Facts  

Inception Date: May 21, 1998
Ticker Symbol: VMCIX
Morningstar Category:Mid-Cap Blend
As of Jun 30, 2016
Fund Net Assets ($millions) $68,967

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.

Principal Investment Strategies  

The fund employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Index, a broadly diversified index of stocks of mid-size U.S. companies. 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, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Vanguard Mid-Cap Index Instla2.32%3.53%-0.89%10.78%10.57%7.83%9.51%
CRSP US Mid Cap Indexa,b2.34%3.52%-0.87%10.82%10.77%7.87%N/A
Morningstar Mid-Cap Blenda,c1.49%2.76%-4.33%7.55%8.26%6.39%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, visit www.icmarc.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.

Annual Fund Operating Expenses
Total Expensesa0.07%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2016 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 and/or 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 CRSP US Mid Cap Index consists of companies representing medium capitalization stocks traded in the U.S. on the NYSE, NYSE Market, NASDAQ or ARCA.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Jun 13, 2016Jun 13, 2016$0.128000000
Mar 14, 2016Mar 14, 2016$0.078000000
Dec 22, 2015Dec 22, 2015$0.166000000
Sep 22, 2015Sep 22, 2015$0.312000000
Mar 24, 2015Mar 24, 2015$0.007000000
Dec 19, 2014Dec 19, 2014$0.431000000
Mar 24, 2014Mar 24, 2014$0.005000000
Dec 23, 2013Dec 23, 2013$0.350000000
Mar 19, 2013Mar 19, 2013$0.005000000
Dec 21, 2012Dec 21, 2012$0.320000000
Mar 21, 2012Mar 21, 2012$0.002000000
Dec 22, 2011Dec 22, 2011$0.269000000
 

Morningstar Information

Morningstar Rating   As of Jun 30, 2016
Period Stars Category Size
Overall 4 Stars376
3-Year 5 Stars376
5-Year 4 Stars321
10-Year 4 Stars228

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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 fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Jun 30, 2016
Equity Stylebox
Medium Blend
Allocation of Assets As of May 31, 2016
Type of Asset Percent
Equity100%
Fixed Income0%
Cash/Other0%

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

 
 

Characteristics

Allocation of Assets As of May 31, 2016
Asset ClassPercent
Domestic Stock98.5%
Foreign Stock1.3%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash0.2%
Other0.0%

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

 
Equity Sector As of May 31, 2016
SectorPercent
Consumer Cyclical17.9%
Industrials14.9%
Technology14.6%
Financial Services11.4%
Healthcare9.4%
Consumer Defensive7.5%
Real Estate7.2%
Basic Materials5.5%
Utilities5.2%
Energy5.1%
Communication Services1.2%

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

 
Top Ten Holdings As of May 31, 2016
Holding NamePercent
NVIDIA Corp0.8%
Fiserv Inc0.8%
Electronic Arts Inc0.7%
Equinix Inc0.7%
Ross Stores Inc0.7%
Edwards Lifesciences Corp0.7%
Fidelity National Information Services Inc0.7%
Newell Brands Inc0.7%
Dollar Tree Inc0.7%
ConAgra Foods Inc0.6%
 

Statistics

Portfolio Statistics As of Jun 30, 2016
Statistic3-Year5-Year
Beta1.011.02
Alpha-0.07-0.44
Standard Deviation12.0113.94
 
 

Footnotes

1.

Please read the fund's prospectus 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 before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2016 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 ICMA-RC. ICMA-RC 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.