Fund Facts  

Inception Date: May 8, 2000
CUSIP: 92837N709
Ticker Symbol: ANDAX
Morningstar Category:Large Value
As of Mar 31, 2022
Fund Net Assets ($millions) $838

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks long-term growth of capital and income.

Principal Investment Strategies  

The fund seeks to achieve its investment objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in common stocks and other equity securities of companies that pay or are expected to pay dividends. Under normal conditions, it will invest primarily in common stocks of companies with market capitalizations greater than $3.5 billion.

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 Mar 31, 2022
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Virtus NFJ Dividend Valuea-4.88%-4.88%13.34%10.38%8.69%9.25%8.13%
Russell 1000 Value Indexa,b-0.74%-0.74%11.67%13.02%10.29%11.70%N/A
Morningstar Large Valuea,c-0.19%-0.19%12.90%13.55%10.82%11.24%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 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 Expenses0.93%
Net Expenses0.93%

 

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 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000® Index companies with lower price-to-book ratios and lower expected 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.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Mar 17, 2022Mar 17, 2022$0.051301000
Dec 16, 2021Dec 16, 2021$0.707200000
Sep 16, 2021Sep 16, 2021$0.056705000
Jun 17, 2021Jun 17, 2021$0.036822000
Mar 18, 2021Mar 18, 2021$0.054100000
Dec 17, 2020Dec 17, 2020$0.038710000
Sep 17, 2020Sep 17, 2020$0.032200000
Jun 18, 2020Jun 18, 2020$0.047600000
Mar 19, 2020Mar 19, 2020$0.075560000
Dec 19, 2019Dec 19, 2019$1.458330000
Sep 19, 2019Sep 19, 2019$0.046590000
Jun 20, 2019Jun 20, 2019$0.054160000
Mar 21, 2019Mar 21, 2019$0.081020000
Dec 20, 2018Dec 20, 2018$2.654430000
Sep 20, 2018Sep 20, 2018$0.073330000
Jun 21, 2018Jun 21, 2018$0.069410000
Mar 22, 2018Mar 22, 2018$0.079390000
Dec 21, 2017Dec 21, 2017$3.890790000
 

Morningstar Information

Morningstar RatingTM   As of Mar 31, 2022
Period Stars Category Size
Overall 2 Stars1146
3-Year 2 Stars1146
5-Year 2 Stars1047
10-Year 1 Stars770

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 Mar 31, 2022
Equity Stylebox
Large Value
Allocation of Assets As of Feb 28, 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 Feb 28, 2022
Asset ClassPercent
Domestic Stock97.9%
Foreign Stock0.7%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash1.3%
Other0.0%

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

 

Equity Sector As of Feb 28, 2022
SectorPercent
Financial Services18.3%
Technology14.2%
Healthcare14.0%
Industrials11.6%
Consumer Cyclical10.5%
Real Estate10.2%
Utilities7.6%
Energy4.7%
Communication Services4.0%
Basic Materials2.2%
Consumer Defensive1.7%

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

 
Top Ten Holdings As of Feb 28, 2022
Holding NamePercent
NextEra Energy Inc4.3%
Texas Instruments Inc4.0%
Broadcom Inc3.8%
American Tower Corp3.6%
JPMorgan Chase & Co3.4%
Citigroup Inc3.4%
Merck & Co Inc3.0%
AbbVie Inc2.9%
Microsoft Corp2.6%
Best Buy Co Inc2.5%
 

Statistics

Portfolio Statistics As of Mar 31, 2022
Statistic3-Year5-Year
Beta0.950.95
Alpha-1.78-1.03
Standard Deviation18.8016.33
 
 

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.