Fund Facts  

Inception Date: Nov 13, 2000
CUSIP: 922908710
Ticker Symbol: VFIAX
Morningstar Category:Large Blend
As of Feb 28, 2022
Fund Net Assets ($millions) $822,753

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks to track the performance of the Standard & Poor‘s 500 Index that measures the investment return of large-capitalization stocks.

Principal Investment Strategies  

The fund employs an indexing investment approach designed to track the performance of the Standard & Poor's 500 Index, a widely recognized benchmark of U.S. stock market performance that is dominated by the stocks of large 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 Mar 31, 2022
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Vanguard 500 Index Admirala-4.61%-4.61%15.60%18.89%15.95%14.60%7.87%
S&P 500 Indexa,b-4.60%-4.60%15.65%18.92%15.99%14.64%N/A
Morningstar Large Blenda,c-5.23%-5.23%12.10%16.78%14.09%13.04%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 Expenses0.04%
Net Expenses0.04%

 

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 S&P 500 Index consists of 500 companies representing larger capitalization stocks traded in the U.S.

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 23, 2022Mar 23, 2022$1.372000000
Dec 20, 2021Dec 20, 2021$1.535100000
Sep 28, 2021Sep 28, 2021$1.307400000
Jun 28, 2021Jun 28, 2021$1.332700000
Mar 25, 2021Mar 25, 2021$1.261500000
Dec 21, 2020Dec 21, 2020$1.386200000
Sep 28, 2020Sep 28, 2020$1.310400000
Jun 26, 2020Jun 26, 2020$1.435000000
Mar 9, 2020Mar 9, 2020$1.179400000
Dec 20, 2019Dec 20, 2019$1.432600000
Sep 25, 2019Sep 25, 2019$1.302800000
Jun 26, 2019Jun 26, 2019$1.389300000
Mar 20, 2019Mar 20, 2019$1.456100000
Dec 14, 2018Dec 14, 2018$1.281100000
Sep 25, 2018Sep 25, 2018$1.214800000
Jun 27, 2018Jun 27, 2018$1.166000000
Mar 23, 2018Mar 23, 2018$1.090700000
Dec 22, 2017Dec 22, 2017$1.192300000
 

Morningstar Information

Morningstar RatingTM   As of Mar 31, 2022
Period Stars Category Size
Overall 5 Stars1232
3-Year 4 Stars1232
5-Year 4 Stars1116
10-Year 5 Stars818

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
Equity100%
Fixed Income0%
Cash/Other0%

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

 
 

Characteristics

Allocation of Assets As of Feb 28, 2022
Asset ClassPercent
Domestic Stock98.6%
Foreign Stock1.0%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash0.4%
Other0.0%

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

 

Equity Sector As of Feb 28, 2022
SectorPercent
Technology25.5%
Financial Services13.6%
Healthcare13.4%
Consumer Cyclical11.6%
Communication Services9.6%
Industrials8.2%
Consumer Defensive6.6%
Energy3.7%
Real Estate2.6%
Utilities2.6%
Basic Materials2.3%

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
Apple Inc6.9%
Microsoft Corp6.0%
Amazon.com Inc3.6%
Alphabet Inc Class A2.2%
Alphabet Inc Class C2.0%
Tesla Inc1.9%
NVIDIA Corp1.6%
Berkshire Hathaway Inc Class B1.6%
Meta Platforms Inc Class A1.3%
UnitedHealth Group Inc1.2%
 

Statistics

Portfolio Statistics As of Mar 31, 2022
Statistic3-Year5-Year
Beta1.001.00
Alpha-0.03-0.04
Standard Deviation17.7615.78
 
 

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.