Fund Facts  

Inception Date: Nov 30, 2015
CUSIP: 09258N307
Ticker Symbol: BRMAX
Morningstar Category:Mid-Cap Blend
As of Jun 30, 2022
Fund Net Assets ($millions) $1,512

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks to track the investment results of the Russell Midcap® Index (the "underlying index"), which measures the performance of the mid-capitalization sector of the U.S. equity market.

Principal Investment Strategies  

The fund generally invests at least 90% of its assets, plus the amount of any borrowing for investment purposes, in securities of the underlying index. The underlying index is a float-adjusted, capitalization-weighted index of equity securities issued by approximately 800 of the smallest issuers in the Russell 1000® 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
iShares Russell Mid-Cap Indexa-16.85%-21.62%-17.51%6.29%7.65%N/A8.59%
Russell Midcap Indexa,b-16.85%-21.57%-17.30%6.59%7.96%11.29%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 Expenses0.36%
Net Expenses0.36%

 

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® Index measures the performance of the mid-cap segment of the U.S. equity universe. The Russell Midcap® Index is a subset of the Russell 1000® Index.

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
Jul 14, 2022Jul 14, 2022$0.043251000
Apr 13, 2022Apr 13, 2022$0.012667000
Dec 9, 2021Dec 9, 2021$0.496997000
Oct 7, 2021Oct 7, 2021$0.036044000
Jul 15, 2021Jul 15, 2021$0.020333000
Apr 7, 2021Apr 7, 2021$0.017147000
Dec 10, 2020Dec 10, 2020$0.232116000
Oct 8, 2020Oct 8, 2020$0.035557000
Jul 16, 2020Jul 16, 2020$0.015763000
Apr 8, 2020Apr 8, 2020$0.051366000
Dec 12, 2019Dec 12, 2019$0.308075000
Oct 10, 2019Oct 10, 2019$0.034374000
Jul 18, 2019Jul 18, 2019$0.036342000
Apr 10, 2019Apr 10, 2019$0.036098000
Dec 14, 2018Dec 14, 2018$0.240003000
Oct 11, 2018Oct 11, 2018$0.052326000
Apr 11, 2018Apr 11, 2018$0.033702000
Dec 4, 2017Dec 4, 2017$1.801395000
 

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 N/A N/A

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
Medium Blend
Allocation of Assets As of Mar 31, 2022
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 Mar 31, 2022
Asset ClassPercent
Domestic Stock98.7%
Foreign Stock1.1%
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 Mar 31, 2022
SectorPercent
Technology18.3%
Industrials13.6%
Financial Services12.5%
Consumer Cyclical12.3%
Healthcare10.7%
Real Estate8.9%
Energy5.8%
Utilities5.2%
Basic Materials4.7%
Consumer Defensive4.2%
Communication Services3.7%

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

 
Top Ten Holdings As of Mar 31, 2022
Holding NamePercent
iShares Russell Mid-Cap ETF0.8%
Marvell Technology Inc0.6%
Palo Alto Networks Inc0.6%
Pioneer Natural Resources Co0.5%
Marathon Petroleum Corp0.5%
Synopsys Inc0.5%
Archer-Daniels Midland Co0.5%
DexCom Inc0.5%
Occidental Petroleum Corp0.4%
IDEXX Laboratories Inc0.4%
 

Statistics

Portfolio Statistics As of Jun 30, 2022
Statistic3-Year5-Year
Beta1.001.00
Alpha-0.28-0.28
Standard Deviation21.5919.25
 
 

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.