Fund Facts  

Inception Date: Dec 27, 2000
CUSIP: 315805424
Ticker Symbol: FLSAX
Morningstar Category:Large Blend
As of Jun 30, 2021
Fund Net Assets ($millions) $1,425

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks capital appreciation.

Principal Investment Strategies  

The fund normally invests at least 80% of assets in stocks. It normally invests primarily in common stocks of leveraged companies (companies that issue lower-quality debt and other companies with leveraged capital structures). The fund potentially invests in lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds). It invests in domestic and foreign issuers. The fund invests in either "growth" stocks or "value" stocks or both.

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, 2021
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Fidelity Advisor Lev Co Stocka7.14%17.58%67.03%17.31%16.62%12.02%13.10%
Russell Midcap Indexa,b7.50%16.25%49.80%16.45%15.62%13.24%N/A
Morningstar Large Blenda,c7.55%14.84%40.47%16.77%16.15%13.21%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.vantagepointfunds.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 Expenses1.08%
Net Expenses1.08%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2021 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
Dec 18, 2020Dec 18, 2020$0.848000000
Sep 11, 2020Sep 11, 2020$0.567000000
Sep 13, 2019Sep 13, 2019$1.990000000
Dec 14, 2018Dec 14, 2018$0.381000000
Sep 14, 2018Sep 14, 2018$4.740000000
Dec 1, 2017Dec 1, 2017$2.868000000
Sep 15, 2017Sep 15, 2017$10.041000000
Dec 2, 2016Dec 2, 2016$6.658000000
Sep 16, 2016Sep 16, 2016$1.665000000
 

Morningstar Information

Morningstar RatingTM   As of Jun 30, 2021
Period Stars Category Size
Overall 1 Stars1257
3-Year 1 Stars1257
5-Year 1 Stars1099
10-Year 1 Stars820

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, 2021
Equity Stylebox
Large Growth
Allocation of Assets As of Jan 31, 2021
Type of Asset Percent
Equity98%
Fixed Income0%
Cash/Other2%

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

 
 

Characteristics

Allocation of Assets As of Jan 31, 2021
Asset ClassPercent
Domestic Stock90.8%
Foreign Stock7.4%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash1.8%
Other0.0%

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

 

Equity Sector As of Jan 31, 2021
SectorPercent
Consumer Cyclical26.0%
Technology22.4%
Communication Services13.3%
Financial Services9.3%
Healthcare8.8%
Industrials6.3%
Consumer Defensive4.0%
Basic Materials3.6%
Utilities3.5%
Energy0.8%

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

 
Top Ten Holdings As of Jan 31, 2021
Holding NamePercent
Penn National Gaming Inc6.2%
Caesars Entertainment Inc5.2%
Tesla Inc3.4%
Microsoft Corp3.3%
Adobe Inc3.2%
T-Mobile US Inc3.1%
Alphabet Inc Class C2.8%
Zebra Technologies Corp2.7%
Lam Research Corp2.7%
JBS SA2.5%
 

Statistics

Portfolio Statistics As of Jun 30, 2021
Statistic3-Year5-Year
Beta1.241.23
Alpha-1.70-1.58
Standard Deviation28.2422.46
 
 

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 © 2021 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.