Fund Facts  

Inception Date: Apr 7, 1992
CUSIP: 008882102
Ticker Symbol: AIIEX
Morningstar Category:Foreign Large Growth
As of Mar 31, 2022
Fund Net Assets ($millions) $2,529

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks long-term growth of capital.

Principal Investment Strategies  

The fund invests primarily in equity securities (including depositary receipts) of foreign issuers. It will provide exposure to investments that are economically tied to at least three different countries outside of the U.S. The fund may also invest up to 1.25 times the amount of the exposure to emerging markets countries in the MSCI ACWI ex USA ® Index. The fund invests primarily in the securities of large-capitalization issuers and may invest a significant amount of its net assets in the securities of mid-capitalization issuers.

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
Invesco International Growth Aa-10.48%-10.48%-8.20%6.29%5.72%5.48%7.11%
MSCI ACWI ex USA Index (Net)a,b-5.44%-5.44%-1.48%7.51%6.76%5.55%N/A
Morningstar Foreign Large Growtha,c-13.43%-13.43%-6.83%9.62%8.92%7.29%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 Expenses1.32%
Net Expenses1.32%

 

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 MSCI All Country World ex USA Index (Net) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of large and mid cap segments of developed and emerging markets, excluding the U.S. The net version of this index reinvests dividends after the deduction of withholding taxes, using a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.

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 16, 2021Dec 16, 2021$6.939000000
Dec 11, 2020Dec 11, 2020$4.107400000
Dec 13, 2019Dec 13, 2019$3.488400000
Dec 14, 2018Dec 14, 2018$2.751400000
Dec 13, 2017Dec 13, 2017$0.927500000
 

Morningstar Information

Morningstar RatingTM   As of Mar 31, 2022
Period Stars Category Size
Overall 1 Stars389
3-Year 2 Stars389
5-Year 1 Stars339
10-Year 1 Stars224

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 Blend
Allocation of Assets As of Feb 28, 2022
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 Feb 28, 2022
Asset ClassPercent
Domestic Stock6.3%
Foreign Stock91.8%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash1.9%
Other0.0%

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

 

Equity Sector As of Feb 28, 2022
SectorPercent
Financial Services16.4%
Technology15.8%
Industrials15.3%
Consumer Defensive14.6%
Consumer Cyclical12.5%
Healthcare9.7%
Basic Materials6.7%
Communication Services4.2%
Energy1.4%

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

 
Top Ten Country Exposure As of Feb 28, 2022
CountryPercent
Japan12.1%
France9.3%
China8.8%
United Kingdom8.0%
Sweden6.6%
Canada6.3%
United States6.3%
Switzerland5.7%
Netherlands4.9%
South Korea3.9%
Top Ten Holdings As of Feb 28, 2022
Holding NamePercent
Broadcom Inc3.2%
Sandvik AB3.1%
Taiwan Semiconductor Manufacturing Co Ltd2.6%
FinecoBank SpA2.5%
Investor AB Class B2.5%
Schneider Electric SE2.5%
HDFC Bank Ltd ADR2.5%
Samsung Electronics Co Ltd2.3%
China Mengniu Dairy Co Ltd2.3%
Olympus Corp2.3%
 

Statistics

Portfolio Statistics As of Mar 31, 2022
Statistic3-Year5-Year
Beta0.950.96
Alpha-0.81-0.72
Standard Deviation16.5414.70
 
 

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.