Fund Facts  

Inception Date: Apr 22, 2016
CUSIP: 92211A166
Morningstar Category:Mid-Cap Growth

Documents for Fund or Underlying Fund(s)  

Description

Objective  

High long-term capital appreciation.

Principal Investment Strategies  

Under normal circumstances, this Fund primarily seeks exposure to common stocks of U.S. and foreign companies, and generally focuses on small to medium sized companies based on market capitalization. It also seeks exposure to common stocks that are believed to provide the opportunity for high capital appreciation. 
 
This Fund may use equity securities or pooled investment vehicles to gain the desired exposure. This Fund may also invest in other equity securities, fixed income securities, cash and cash equivalents, and derivatives instruments. 
 
This Fund uses multiple managers. Each manager independently selects and maintains a portfolio for this Fund.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. The Fund’s principal investment risks include: Stock Market Risk, Mid-Cap Securities Risk, Style Risk, Small-Cap Securities Risk, Indexing Risk, Derivative Instruments Risk, Foreign Securities Risk, Foreign Currency Risk, Preferred Stock Risk, Convertible Securities Risk, Multi-Manager Risk, Large Investor Risk.
Please see the Disclosure Memorandum for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Mar 31, 2022
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
MissionSquare Aggrsve Opps S3   -10.64%-10.64%0.70%14.37%13.59%12.12%N/A
Russell Midcap Growth Indexa,b-12.58%-12.58%-0.89%14.81%15.10%13.52%N/A
Morningstar Mid-Cap Growtha,c-12.35%-12.35%-4.00%15.34%14.79%12.63%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.

Performance information for this class prior to its inception date is the performance of the Fund adjusted to reflect the estimated fees and expenses of this class.

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.

Total Expenses  
Gross Expenses1.05%
Net Expenses1.05%

 

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® Growth Index measures the performance of the mid-cap growth segment of the U.S. equity universe. It includes those Russell Midcap® Index companies with higher price-to-book ratios and higher forecasted 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.

Morningstar Information

Morningstar RatingTM   As of Mar 31, 2022
Period Stars Category Size
Overall 3 Stars542
3-Year 3 Stars542
5-Year 3 Stars503
10-Year 3 Stars386

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
Medium Growth
Allocation of Assets As of Feb 28, 2022
Type of Asset Percent
Equity97%
Fixed Income0%
Cash/Other3%

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

 
 

Statistics

Portfolio Statistics As of Mar 31, 2022
Statistic3-Year5-Year
Beta0.950.96
Alpha0.23-0.79
Standard Deviation20.5318.37
 
 

Underlying Fund Characteristics

Allocation of Assets As of Feb 28, 2022
Asset ClassPercent
Domestic Stock93.8%
Foreign Stock3.6%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash2.6%
Other0.0%

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

 

Equity Sector As of Feb 28, 2022
SectorPercent
Technology32.3%
Healthcare18.4%
Industrials15.8%
Consumer Cyclical12.7%
Financial Services8.4%
Communication Services3.0%
Energy2.0%
Basic Materials1.7%
Real Estate1.6%
Consumer Defensive1.6%

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

 
Top Ten Holdings As of May 31, 2022
Underlying Fund Holdings Market Value%
PALO ALTO NETWORKS INC$23,534,6302.8%
CATALENT INC$16,211,6471.9%
BLACKROCK TEMP FUND - INST SHARES FUND 24$15,257,2741.8%
JPMORGAN PRIME MONEY MARKET FUND FUNDS VARIABLE$15,257,2741.8%
SYNOPSYS INC$14,870,5701.8%
CROWDSTRIKE HOLDINGS INC$14,779,8761.8%
COPART INC$14,119,6021.7%
WASTE CONNECTIONS INC$13,213,1441.6%
CHENIERE ENERGY INC$12,956,4961.5%
O'REILLY AUTOMOTIVE INC$12,866,3741.5%
All Holdings As of May 31, 2022
Equity
Underlying Fund HoldingsMarket Value%
PALO ALTO NETWORKS INC$23,534,6302.8%
CATALENT INC$16,211,6471.9%
SYNOPSYS INC$14,870,5701.8%
CROWDSTRIKE HOLDINGS INC$14,779,8761.8%
COPART INC$14,119,6021.7%
WASTE CONNECTIONS INC$13,213,1441.6%
CHENIERE ENERGY INC$12,956,4961.5%
O'REILLY AUTOMOTIVE INC$12,866,3741.5%
HORIZON THERAPEUTICS PLC$11,857,1081.4%
SBA COMMUNICATIONS CORP$11,242,7741.3%
ENTEGRIS INC$10,893,4981.3%
GARTNER INC$10,856,8001.3%
MARVELL TECHNOLOGY INC$10,814,6901.3%
AMERISOURCEBERGEN CORP$10,757,9051.3%
CINTAS CORP$10,675,2441.3%
AMETEK INC$10,492,8221.3%
RENAISSANCERE HOLDINGS LTD$10,377,9521.2%
ROYALTY PHARMA PLC$9,923,7501.2%
POOL CORP$9,367,5701.1%
LULULEMON ATHLETICA INC$9,301,1031.1%
KEYSIGHT TECHNOLOGIES INC$9,028,2191.1%
BURLINGTON STORES INC$8,875,6371.1%
HUBSPOT INC$8,840,0491.1%
BRUNSWICK CORP/DE$8,094,7481.0%
TRANSUNION$8,055,9681.0%
HILTON WORLDWIDE HOLDINGS INC$7,992,1151.0%
MICROCHIP TECHNOLOGY INC$7,453,8900.9%
AMPHENOL CORP$7,263,1500.9%
GENERAC HOLDINGS INC$7,076,3710.8%
CENTENE CORP$6,950,3340.8%
SIGNATURE BANK/NEW YORK NY$6,899,0130.8%
AGILENT TECHNOLOGIES INC$6,730,8310.8%
QUANTA SERVICES INC$6,651,2670.8%
MARTIN MARIETTA MATERIALS INC$6,583,9720.8%
CHIPOTLE MEXICAN GRILL INC$6,530,2730.8%
CARLISLE COS INC$6,487,9650.8%
MONOLITHIC POWER SYSTEMS INC$6,485,6160.8%
DELTA AIR LINES INC$6,318,2860.8%
LPL FINANCIAL HOLDINGS INC$6,290,6360.8%
TRANE TECHNOLOGIES PLC$6,251,2190.7%
INTERACTIVE BROKERS GROUP INC$6,166,3080.7%
NICE LTD$6,041,0880.7%
ICON PLC$5,997,5720.7%
SOLAREDGE TECHNOLOGIES INC$5,926,0900.7%
CHARLES RIVER LABORATORIES INTERNATIONAL INC$5,805,1840.7%
CADENCE DESIGN SYSTEMS INC$5,792,0850.7%
PAYLOCITY HOLDING CORP$5,700,4360.7%
PIONEER NATURAL RESOURCES CO$5,642,1820.7%
CHEMED CORP$5,522,1600.7%
VERISK ANALYTICS INC$5,509,9800.7%
NASDAQ INC$5,496,2040.7%
SS&C TECHNOLOGIES HOLDINGS INC$5,464,7460.7%
PACCAR INC$5,418,8160.6%
EOG RESOURCES INC$5,413,3440.6%
NORDSON CORP$5,403,4240.6%
BOOZ ALLEN HAMILTON HOLDING CORP$5,383,4220.6%
OLAPLEX HOLDINGS INC$5,356,6760.6%
CONSTELLATION BRANDS INC$5,234,6480.6%
DEXCOM INC$5,219,3130.6%
ARISTA NETWORKS INC$5,171,7880.6%
TAKE-TWO INTERACTIVE SOFTWARE INC$5,165,5410.6%
MCKESSON CORP$5,071,3580.6%
MARRIOTT VACATIONS WORLDWIDE CORP$4,992,9360.6%
TERADYNE INC$4,859,5570.6%
TRADE DESK INC/THE$4,648,8980.6%
MSCI INC$4,612,3830.6%
ENVISTA HOLDINGS CORP$4,596,6720.6%
FLEETCOR TECHNOLOGIES INC$4,528,3420.5%
METTLER-TOLEDO INTERNATIONAL INC$4,398,5300.5%
CASEY'S GENERAL STORES INC$4,295,5700.5%
FLOOR & DECOR HOLDINGS INC$4,269,9040.5%
ENCOMPASS HEALTH CORP$4,253,5460.5%
ARGENX SE$4,206,4800.5%
HOLOGIC INC$4,189,5280.5%
PROGRESSIVE CORP/THE$4,184,2690.5%
HUBBELL INC$4,157,9340.5%
ARES MANAGEMENT CORP$4,129,1410.5%
ZENDESK INC$4,069,5250.5%
CYBERARK SOFTWARE LTD$4,059,3530.5%
INSULET CORP$4,031,7830.5%
INGERSOLL RAND INC$3,988,3710.5%
BUMBLE INC$3,904,5570.5%
COOPER COS INC/THE$3,887,6020.5%
ACADIA HEALTHCARE CO INC$3,863,8190.5%
AVALARA INC$3,827,0840.5%
COSTAR GROUP INC$3,802,6560.5%
ARAMARK$3,780,4280.5%
ELASTIC NV$3,766,8150.5%
FMC CORP$3,763,2060.5%
ASCENDIS PHARMA A/S$3,752,2440.5%
HELEN OF TROY LTD$3,750,4680.5%
GLOBANT SA$3,739,4110.4%
SMARTSHEET INC$3,728,9900.4%
TPG INC$3,719,1750.4%
GLOBAL PAYMENTS INC$3,684,3210.4%
ZEBRA TECHNOLOGIES CORP$3,675,1110.4%
TRACTOR SUPPLY CO$3,598,4360.4%
OLD DOMINION FREIGHT LINE INC$3,586,4370.4%
TYLER TECHNOLOGIES INC$3,558,2000.4%
ROBERT HALF INTERNATIONAL INC$3,551,9100.4%
JAZZ PHARMACEUTICALS PLC$3,504,3080.4%
S&P GLOBAL INC$3,420,0110.4%
EAST WEST BANCORP INC$3,410,8590.4%
RESMED INC$3,383,7430.4%
MONGODB INC$3,381,7590.4%
BENTLEY SYSTEMS INC$3,321,1080.4%
ALNYLAM PHARMACEUTICALS INC$3,244,0050.4%
ROYAL CARIBBEAN CRUISES LTD$3,175,6160.4%
EQUIFAX INC$3,121,7580.4%
ZOOM VIDEO COMMUNICATIONS INC$2,936,8230.4%
AMEDISYS INC$2,928,0030.4%
ADVANCED MICRO DEVICES INC$2,814,4940.3%
BRIGHT HORIZONS FAMILY SOLUTIONS INC$2,809,7670.3%
MORNINGSTAR INC$2,781,3220.3%
TRADEWEB MARKETS INC$2,776,4050.3%
FIRST REPUBLIC BANK/CA$2,757,0540.3%
IAC/INTERACTIVECORP$2,738,1300.3%
ITT INC$2,690,0750.3%
IDEXX LABORATORIES INC$2,659,8830.3%
CARMAX INC$2,659,8400.3%
TRIMBLE INC$2,654,6990.3%
AIR LEASE CORP$2,646,6530.3%
NEUROCRINE BIOSCIENCES INC$2,643,6170.3%
GARMIN LTD$2,631,7340.3%
F5 INC$2,622,9880.3%
ZSCALER INC$2,608,3470.3%
EXACT SCIENCES CORP$2,529,9000.3%
EXELIXIS INC$2,488,6090.3%
MARAVAI LIFESCIENCES HOLDINGS INC$2,394,2820.3%
TELEDYNE TECHNOLOGIES INC$2,361,6190.3%
PINTEREST INC$2,356,0350.3%
FIVE9 INC$2,258,5650.3%
SVB FINANCIAL GROUP$2,247,9110.3%
HEICO CORP$2,233,7260.3%
FREEPORT-MCMORAN INC$2,231,7420.3%
SAMSARA INC$2,175,7500.3%
ADVANCED DRAINAGE SYSTEMS INC$2,175,6350.3%
LITTELFUSE INC$2,169,1660.3%
WOLFSPEED INC$2,118,4020.3%
TORO CO/THE$1,992,7110.2%
DATADOG INC$1,972,3790.2%
ROKU INC$1,859,3760.2%
COUPA SOFTWARE INC$1,829,8140.2%
BOOKING HOLDINGS INC$1,824,0140.2%
PROCORE TECHNOLOGIES INC$1,761,0780.2%
BAKER HUGHES CO$1,745,0660.2%
ROCKWELL AUTOMATION INC$1,705,6000.2%
OKTA INC$1,689,2370.2%
LYFT INC$1,670,6720.2%
NATERA INC$1,645,6570.2%
MKS INSTRUMENTS INC$1,617,8500.2%
MARKETAXESS HOLDINGS INC$1,579,3800.2%
BILL.COM HOLDINGS INC$1,473,0340.2%
SEAGEN INC$1,455,7110.2%
CONFLUENT INC$1,450,9550.2%
ROBLOX CORP$1,412,5690.2%
NATIONAL VISION HOLDINGS INC$1,354,6030.2%
GUARDANT HEALTH INC$1,294,9680.2%
AGIOS PHARMACEUTICALS INC$1,247,4230.2%
REMITLY GLOBAL INC$1,239,5730.2%
VEEVA SYSTEMS INC$1,123,7160.1%
CHEWY INC$846,7710.1%
ACV AUCTIONS INC$366,1360.0%
 
Short-Term/Cash
Underlying Fund HoldingsMarket Value%
BLACKROCK TEMP FUND - INST SHARES FUND 24$15,257,2741.8%
JPMORGAN PRIME MONEY MARKET FUND FUNDS VARIABLE$15,257,2741.8%
 
Other
Underlying Fund HoldingsMarket Value%
US DOLLAR$-3,0080.0%
All Holdings As of Apr 30, 2022
Equity
Underlying Fund HoldingsMarket Value%
PALO ALTO NETWORKS INC$26,056,8633.0%
CROWDSTRIKE HOLDINGS INC$17,449,1402.0%
WASTE CONNECTIONS INC$14,307,4891.7%
CATALENT INC$14,182,0581.6%
COPART INC$13,885,1891.6%
SYNOPSYS INC$13,256,8681.5%
HORIZON THERAPEUTICS PLC$12,727,4471.5%
CHENIERE ENERGY INC$12,597,1921.5%
O'REILLY AUTOMOTIVE INC$12,442,1601.4%
GARTNER INC$12,115,9351.4%
SBA COMMUNICATIONS CORP$11,871,1621.4%
AMERISOURCEBERGEN CORP$11,437,5241.3%
AMETEK INC$10,824,7751.3%
LULULEMON ATHLETICA INC$10,703,7971.2%
RENAISSANCERE HOLDINGS LTD$10,634,8321.2%
ENTEGRIS INC$10,499,0641.2%
MARVELL TECHNOLOGY INC$10,211,0451.2%
HUBSPOT INC$9,881,1161.1%
ROYALTY PHARMA PLC$9,819,5021.1%
BURLINGTON STORES INC$9,474,0901.1%
CINTAS CORP$9,375,3361.1%
POOL CORP$8,914,8401.0%
SIGNATURE BANK/NEW YORK NY$8,856,6601.0%
HILTON WORLDWIDE HOLDINGS INC$8,652,9141.0%
KEYSIGHT TECHNOLOGIES INC$8,635,1611.0%
TRANSUNION$8,130,6080.9%
BRUNSWICK CORP/DE$8,075,1480.9%
CARLISLE COS INC$7,365,8240.9%
VERISK ANALYTICS INC$7,264,1800.8%
AMPHENOL CORP$7,185,7500.8%
MARTIN MARIETTA MATERIALS INC$7,084,4000.8%
DEXCOM INC$7,021,0390.8%
CENTENE CORP$6,756,1310.8%
MICROCHIP TECHNOLOGY INC$6,689,5200.8%
DELTA AIR LINES INC$6,405,3170.7%
QUANTA SERVICES INC$6,369,6220.7%
NICE LTD$6,274,8640.7%
GENERAC HOLDINGS INC$6,250,5750.7%
CHIPOTLE MEXICAN GRILL INC$6,232,9220.7%
CHARLES RIVER LABORATORIES INTERNATIONAL INC$6,230,9580.7%
TRANE TECHNOLOGIES PLC$6,222,0270.7%
AGILENT TECHNOLOGIES INC$6,184,5070.7%
PAYLOCITY HOLDING CORP$6,181,9380.7%
LPL FINANCIAL HOLDINGS INC$5,918,8440.7%
CONSTELLATION BRANDS INC$5,918,2180.7%
INTERACTIVE BROKERS GROUP INC$5,872,6160.7%
ARISTA NETWORKS INC$5,738,8590.7%
ZENDESK INC$5,735,8800.7%
BOOZ ALLEN HAMILTON HOLDING CORP$5,714,1000.7%
CHEMED CORP$5,650,9850.7%
CADENCE DESIGN SYSTEMS INC$5,582,9590.7%
NASDAQ INC$5,570,8980.6%
MONOLITHIC POWER SYSTEMS INC$5,569,8080.6%
ICON PLC$5,564,7660.6%
SS&C TECHNOLOGIES HOLDINGS INC$5,521,9640.6%
NORDSON CORP$5,392,2500.6%
SOLAREDGE TECHNOLOGIES INC$5,345,5020.6%
PACCAR INC$5,323,5050.6%
EOG RESOURCES INC$5,232,0160.6%
TRADE DESK INC/THE$5,165,5750.6%
SMARTSHEET INC$5,055,3180.6%
MARRIOTT VACATIONS WORLDWIDE CORP$4,972,6890.6%
MONGODB INC$4,960,1470.6%
HELEN OF TROY LTD$4,925,3640.6%
FMC CORP$4,824,4560.6%
MCKESSON CORP$4,694,3070.5%
TERADYNE INC$4,607,6530.5%
CYBERARK SOFTWARE LTD$4,592,4170.5%
PIONEER NATURAL RESOURCES CO$4,533,1650.5%
OLAPLEX HOLDINGS INC$4,515,8400.5%
FLOOR & DECOR HOLDINGS INC$4,512,1520.5%
INSULET CORP$4,433,7420.5%
ELASTIC NV$4,408,5060.5%
ENCOMPASS HEALTH CORP$4,322,5240.5%
MSCI INC$4,316,5490.5%
METTLER-TOLEDO INTERNATIONAL INC$4,295,0560.5%
HUBBELL INC$4,278,3840.5%
FLEETCOR TECHNOLOGIES INC$4,216,8880.5%
GLOBANT SA$4,184,1580.5%
TRACTOR SUPPLY CO$4,181,4980.5%
ROYAL CARIBBEAN CRUISES LTD$4,163,9960.5%
COSTAR GROUP INC$4,039,8700.5%
ROBERT HALF INTERNATIONAL INC$4,030,7100.5%
ASCENDIS PHARMA A/S$3,997,6260.5%
ARGENX SE$3,965,0160.5%
BENTLEY SYSTEMS INC$3,946,5090.5%
ZEBRA TECHNOLOGIES CORP$3,942,7940.5%
HOLOGIC INC$3,938,7170.5%
COOPER COS INC/THE$3,929,5590.5%
ARAMARK$3,903,6180.5%
CASEY'S GENERAL STORES INC$3,864,9600.5%
ZYNGA INC$3,864,5710.5%
ALNYLAM PHARMACEUTICALS INC$3,842,1170.4%
OLD DOMINION FREIGHT LINE INC$3,820,2770.4%
GLOBAL PAYMENTS INC$3,782,0180.4%
ARES MANAGEMENT CORP$3,774,0760.4%
ENVISTA HOLDINGS CORP$3,736,1660.4%
PROGRESSIVE CORP/THE$3,698,8740.4%
JAZZ PHARMACEUTICALS PLC$3,683,6180.4%
INGERSOLL RAND INC$3,654,7030.4%
EQUIFAX INC$3,638,9380.4%
ACADIA HEALTHCARE CO INC$3,622,5520.4%
S&P GLOBAL INC$3,617,7890.4%
LYFT INC$3,600,7030.4%
BRIGHT HORIZONS FAMILY SOLUTIONS INC$3,474,0380.4%
UNITY SOFTWARE INC$3,462,2850.4%
ZSCALER INC$3,381,2980.4%
IAC/INTERACTIVECORP$3,315,2000.4%
TAKE-TWO INTERACTIVE SOFTWARE INC$3,274,0960.4%
RESMED INC$3,265,3100.4%
EAST WEST BANCORP INC$3,249,0700.4%
EXACT SCIENCES CORP$3,137,1890.4%
TPG INC$3,135,6300.4%
EXELIXIS INC$2,974,0130.3%
IDEXX LABORATORIES INC$2,866,9970.3%
MATCH GROUP INC$2,834,7570.3%
AMEDISYS INC$2,766,8140.3%
BUMBLE INC$2,716,7240.3%
MORNINGSTAR INC$2,690,0620.3%
GARMIN LTD$2,684,4600.3%
AVALARA INC$2,662,4500.3%
F5 INC$2,645,0780.3%
TYLER TECHNOLOGIES INC$2,644,5570.3%
FIRST REPUBLIC BANK/CA$2,606,7240.3%
TRIMBLE INC$2,556,4110.3%
WOLFSPEED INC$2,528,1700.3%
FIVE9 INC$2,524,4830.3%
ITT INC$2,514,3680.3%
NEUROCRINE BIOSCIENCES INC$2,500,7630.3%
PINTEREST INC$2,460,3480.3%
DATADOG INC$2,445,4330.3%
SAMSARA INC$2,386,5560.3%
OKTA INC$2,372,8370.3%
ZOOM VIDEO COMMUNICATIONS INC$2,337,3060.3%
ADVANCED MICRO DEVICES INC$2,323,6640.3%
MARAVAI LIFESCIENCES HOLDINGS INC$2,322,5730.3%
COUPA SOFTWARE INC$2,295,5800.3%
TRADEWEB MARKETS INC$2,275,8020.3%
FREEPORT-MCMORAN INC$2,272,9090.3%
AIR LEASE CORP$2,207,9880.3%
SVB FINANCIAL GROUP$2,202,6700.3%
HEICO CORP$2,185,0170.3%
GUARDANT HEALTH INC$2,165,6700.3%
BILL.COM HOLDINGS INC$2,077,0290.2%
ADVANCED DRAINAGE SYSTEMS INC$2,001,2490.2%
MKS INSTRUMENTS INC$1,909,1650.2%
TORO CO/THE$1,901,0040.2%
CARMAX INC$1,894,7940.2%
NATIONAL VISION HOLDINGS INC$1,812,3960.2%
LITTELFUSE INC$1,811,3040.2%
ROKU INC$1,788,6970.2%
BOOKING HOLDINGS INC$1,763,8270.2%
CONFLUENT INC$1,574,9330.2%
NATERA INC$1,548,5110.2%
BAKER HUGHES CO$1,481,0810.2%
MARKETAXESS HOLDINGS INC$1,453,2820.2%
SEAGEN INC$1,405,6060.2%
AGIOS PHARMACEUTICALS INC$1,379,5400.2%
REMITLY GLOBAL INC$1,235,6630.1%
CHEWY INC$968,7440.1%
ROBLOX CORP$898,8420.1%
ACV AUCTIONS INC$554,6520.1%
TWILIO INC$173,3210.0%
PROCORE TECHNOLOGIES INC$85,7010.0%
 
Short-Term/Cash
Underlying Fund HoldingsMarket Value%
JPMORGAN PRIME MONEY MARKET FUND FUNDS VARIABLE$16,198,8831.9%
BLACKROCK TEMP FUND - INST SHARES FUND 24$16,197,2641.9%
 
Other
Underlying Fund HoldingsMarket Value%
US DOLLAR$-14,7290.0%
All Holdings As of Mar 31, 2022
Equity
Underlying Fund HoldingsMarket Value%
PALO ALTO NETWORKS INC$28,962,9003.0%
CROWDSTRIKE HOLDINGS INC$19,932,8552.1%
CATALENT INC$16,843,8251.8%
O'REILLY AUTOMOTIVE INC$15,169,1241.6%
SYNOPSYS INC$15,114,7941.6%
WASTE CONNECTIONS INC$15,059,6601.6%
COPART INC$15,040,0891.6%
HORIZON THERAPEUTICS PLC$13,723,9081.4%
ENTEGRIS INC$12,459,5931.3%
SBA COMMUNICATIONS CORP$12,318,7801.3%
GARTNER INC$12,255,3521.3%
HUBSPOT INC$12,221,6311.3%
MARVELL TECHNOLOGY INC$11,945,5951.3%
AMERISOURCEBERGEN CORP$11,572,3081.2%
RENAISSANCERE HOLDINGS LTD$11,555,3791.2%
CHENIERE ENERGY INC$11,524,8651.2%
AMETEK INC$11,313,5081.2%
TRANSUNION$11,305,3961.2%
KEYSIGHT TECHNOLOGIES INC$10,415,4361.1%
LULULEMON ATHLETICA INC$10,183,7081.1%
SIGNATURE BANK/NEW YORK NY$10,114,8391.1%
CINTAS CORP$9,911,5871.0%
GENERAC HOLDINGS INC$9,827,7131.0%
ROYALTY PHARMA PLC$8,907,1910.9%
DEXCOM INC$8,718,6870.9%
POOL CORP$8,626,1400.9%
BRUNSWICK CORP/DE$8,550,0730.9%
SOLAREDGE TECHNOLOGIES INC$8,417,4030.9%
HILTON WORLDWIDE HOLDINGS INC$8,388,9460.9%
MICROCHIP TECHNOLOGY INC$7,912,2420.8%
AMPHENOL CORP$7,866,5400.8%
MARTIN MARIETTA MATERIALS INC$7,620,8220.8%
BURLINGTON STORES INC$7,598,8570.8%
QUANTA SERVICES INC$7,563,7580.8%
VERISK ANALYTICS INC$7,554,9760.8%
AGILENT TECHNOLOGIES INC$7,380,5730.8%
TRANE TECHNOLOGIES PLC$7,373,5780.8%
CHARLES RIVER LABORATORIES INTERNATIONAL INC$7,326,4260.8%
MONOLITHIC POWER SYSTEMS INC$7,285,2000.8%
CENTENE CORP$6,971,1000.7%
CARLISLE COS INC$6,861,1680.7%
CHEMED CORP$6,737,1150.7%
NICE LTD$6,548,1000.7%
PAYLOCITY HOLDING CORP$6,461,1780.7%
NASDAQ INC$6,415,2000.7%
ARISTA NETWORKS INC$6,388,0770.7%
SS&C TECHNOLOGIES HOLDINGS INC$6,324,1860.7%
CHIPOTLE MEXICAN GRILL INC$6,244,2720.7%
MONGODB INC$6,161,4650.6%
LPL FINANCIAL HOLDINGS INC$6,086,7150.6%
BOOZ ALLEN HAMILTON HOLDING CORP$6,060,9600.6%
CADENCE DESIGN SYSTEMS INC$6,039,6290.6%
INTERACTIVE BROKERS GROUP INC$6,024,1740.6%
TRADE DESK INC/THE$6,020,1100.6%
TRACTOR SUPPLY CO$5,950,7020.6%
ICON PLC$5,934,5680.6%
EOG RESOURCES INC$5,884,1200.6%
EQUIFAX INC$5,713,1620.6%
SMARTSHEET INC$5,664,2520.6%
NORDSON CORP$5,654,2920.6%
PACCAR INC$5,566,0240.6%
CONSTELLATION BRANDS INC$5,498,1990.6%
ALNYLAM PHARMACEUTICALS INC$5,462,0510.6%
ZENDESK INC$5,316,8180.6%
FMC CORP$5,262,8000.6%
DELTA AIR LINES INC$5,240,7700.6%
MCKESSON CORP$5,197,1690.5%
MARRIOTT VACATIONS WORLDWIDE CORP$5,141,0200.5%
TERADYNE INC$5,123,8520.5%
ASCENDIS PHARMA A/S$5,105,1600.5%
MSCI INC$5,071,5450.5%
GLOBANT SA$5,036,1990.5%
METTLER-TOLEDO INTERNATIONAL INC$5,017,6360.5%
UNITY SOFTWARE INC$4,988,4770.5%
ZYNGA INC$4,937,8560.5%
INSULET CORP$4,902,9080.5%
ROBERT HALF INTERNATIONAL INC$4,898,3220.5%
CYBERARK SOFTWARE LTD$4,876,8750.5%
ELASTIC NV$4,767,7200.5%
OLD DOMINION FREIGHT LINE INC$4,716,1570.5%
COSTAR GROUP INC$4,636,0560.5%
ARES MANAGEMENT CORP$4,596,6430.5%
PROGRESSIVE CORP/THE$4,556,4080.5%
COOPER COS INC/THE$4,510,3900.5%
OLAPLEX HOLDINGS INC$4,495,1880.5%
ENVISTA HOLDINGS CORP$4,466,7070.5%
HELEN OF TROY LTD$4,463,7810.5%
ROYAL CARIBBEAN CRUISES LTD$4,462,2900.5%
FLOOR & DECOR HOLDINGS INC$4,438,8000.5%
ZEBRA TECHNOLOGIES CORP$4,376,9460.5%
ARGENX SE$4,256,6850.5%
LYFT INC$4,205,2610.4%
HOLOGIC INC$4,171,8640.4%
INGERSOLL RAND INC$4,153,2710.4%
TAKE-TWO INTERACTIVE SOFTWARE INC$4,140,8330.4%
BENTLEY SYSTEMS INC$4,082,2320.4%
FLEETCOR TECHNOLOGIES INC$4,034,7720.4%
HUBBELL INC$4,024,5630.4%
BRIGHT HORIZONS FAMILY SOLUTIONS INC$4,002,5940.4%
ZSCALER INC$3,995,3560.4%
ARAMARK$3,984,6220.4%
IAC/INTERACTIVECORP$3,971,0880.4%
EXACT SCIENCES CORP$3,949,9910.4%
PIONEER NATURAL RESOURCES CO$3,900,4680.4%
MATCH GROUP INC$3,894,5230.4%
S&P GLOBAL INC$3,873,7400.4%
GLOBAL PAYMENTS INC$3,752,7000.4%
AMEDISYS INC$3,702,3400.4%
ENCOMPASS HEALTH CORP$3,555,5000.4%
JAZZ PHARMACEUTICALS PLC$3,553,0120.4%
ACADIA HEALTHCARE CO INC$3,474,1380.4%
TPG INC$3,375,6800.4%
AVALARA INC$3,373,3890.4%
ADVANCED MICRO DEVICES INC$3,341,9770.4%
RESMED INC$3,267,0950.3%
BUMBLE INC$3,218,3450.3%
FREEPORT-MCMORAN INC$3,149,6860.3%
EAST WEST BANCORP INC$3,130,8510.3%
WOLFSPEED INC$3,117,3730.3%
US FOODS HOLDING CORP$3,078,1340.3%
PINTEREST INC$3,039,3350.3%
DATADOG INC$3,002,4380.3%
EXELIXIS INC$2,999,6720.3%
SAMSARA INC$2,989,3320.3%
TYLER TECHNOLOGIES INC$2,980,7630.3%
OKTA INC$2,974,2140.3%
MORNINGSTAR INC$2,883,8560.3%
GARMIN LTD$2,880,6810.3%
FIRST REPUBLIC BANK/CA$2,811,6250.3%
F5 INC$2,773,1840.3%
TRIMBLE INC$2,747,1630.3%
BILL.COM HOLDINGS INC$2,739,8500.3%
ITT INC$2,671,1580.3%
MARAVAI LIFESCIENCES HOLDINGS INC$2,643,7690.3%
COUPA SOFTWARE INC$2,622,0540.3%
NEUROCRINE BIOSCIENCES INC$2,587,5940.3%
FIVE9 INC$2,518,9970.3%
MKS INSTRUMENTS INC$2,512,5000.3%
SVB FINANCIAL GROUP$2,508,0140.3%
IDEXX LABORATORIES INC$2,469,9760.3%
MARKETAXESS HOLDINGS INC$2,397,7300.3%
HEICO CORP$2,360,8140.3%
ROKU INC$2,350,5660.3%
ADVANCED DRAINAGE SYSTEMS INC$2,303,3690.2%
TRADEWEB MARKETS INC$2,284,1810.2%
CARMAX INC$2,114,2630.2%
NATIONAL VISION HOLDINGS INC$2,097,3730.2%
TORO CO/THE$2,015,0850.2%
CONFLUENT INC$2,011,4190.2%
GUARDANT HEALTH INC$1,960,7040.2%
LITTELFUSE INC$1,917,7130.2%
BOOKING HOLDINGS INC$1,864,6690.2%
AGIOS PHARMACEUTICALS INC$1,808,2260.2%
NATERA INC$1,771,0850.2%
BAKER HUGHES CO$1,690,0070.2%
TELADOC HEALTH INC$1,619,1740.2%
SEAGEN INC$1,545,5120.2%
CHEWY INC$1,343,7420.1%
ROBLOX CORP$1,339,9430.1%
AIR LEASE CORP$1,172,7770.1%
REMITLY GLOBAL INC$1,060,5320.1%
TREX CO INC$1,043,8430.1%
ACV AUCTIONS INC$615,3110.1%
TWILIO INC$510,9110.1%
 
Short-Term/Cash
Underlying Fund HoldingsMarket Value%
BLACKROCK TEMP FUND - INST SHARES FUND 24$17,127,5001.8%
JPMORGAN PRIME MONEY MARKET FUND FUNDS VARIABLE$17,127,5001.8%
 
Other
Underlying Fund HoldingsMarket Value%
SWISS FRANC$1,6490.0%
US DOLLAR$-10,9780.0%
All Holdings As of Feb 28, 2022
Equity
Underlying Fund HoldingsMarket Value%
PALO ALTO NETWORKS INC$25,719,1403.0%
CROWDSTRIKE HOLDINGS INC$15,220,7191.8%
CATALENT INC$14,025,6021.6%
COPART INC$13,487,6771.6%
SYNOPSYS INC$13,013,2301.5%
O'REILLY AUTOMOTIVE INC$12,965,3231.5%
WASTE CONNECTIONS INC$12,620,6781.5%
HUBSPOT INC$12,372,6751.4%
SIGNATURE BANK/NEW YORK NY$11,940,7821.4%
ENTEGRIS INC$11,833,4921.4%
AMERISOURCEBERGEN CORP$11,217,1111.3%
HORIZON THERAPEUTICS PLC$10,601,1561.2%
GARTNER INC$10,543,7921.2%
RENAISSANCERE HOLDINGS LTD$10,253,0401.2%
AMETEK INC$10,180,3381.2%
TRANSUNION$10,156,0441.2%
MICROCHIP TECHNOLOGY INC$10,116,2671.2%
MARVELL TECHNOLOGY INC$10,032,3471.2%
SBA COMMUNICATIONS CORP$9,951,1921.2%
KEYSIGHT TECHNOLOGIES INC$9,365,0891.1%
BRUNSWICK CORP/DE$9,227,2321.1%
GENERAC HOLDINGS INC$9,021,4961.1%
BURLINGTON STORES INC$8,734,4891.0%
ROYALTY PHARMA PLC$8,277,5001.0%
CHENIERE ENERGY INC$8,187,5701.0%
LULULEMON ATHLETICA INC$8,029,2140.9%
SOLAREDGE TECHNOLOGIES INC$7,643,0820.9%
POOL CORP$7,566,5700.9%
CINTAS CORP$7,431,3360.9%
TRANE TECHNOLOGIES PLC$7,306,9030.9%
AMPHENOL CORP$7,266,5560.8%
CENTENE CORP$6,961,1480.8%
MARTIN MARIETTA MATERIALS INC$6,943,0200.8%
HILTON WORLDWIDE HOLDINGS INC$6,939,5550.8%
CHARLES RIVER LABORATORIES INTERNATIONAL INC$6,871,3760.8%
TRADE DESK INC/THE$6,785,1580.8%
AGILENT TECHNOLOGIES INC$6,738,9600.8%
DEXCOM INC$6,540,1920.8%
EOG RESOURCES INC$6,274,5170.7%
MONOLITHIC POWER SYSTEMS INC$6,192,4500.7%
PAYLOCITY HOLDING CORP$6,139,5160.7%
SS&C TECHNOLOGIES HOLDINGS INC$6,012,5940.7%
NICE LTD$5,995,6250.7%
CARLISLE COS INC$5,911,2600.7%
CHEMED CORP$5,882,9670.7%
QUANTA SERVICES INC$5,767,7190.7%
VERISK ANALYTICS INC$5,745,8160.7%
MARRIOTT VACATIONS WORLDWIDE CORP$5,527,0480.6%
LPL FINANCIAL HOLDINGS INC$5,508,8420.6%
BOOZ ALLEN HAMILTON HOLDING CORP$5,301,3330.6%
ICON PLC$5,283,8220.6%
INTERACTIVE BROKERS GROUP INC$5,234,8380.6%
TERADYNE INC$5,169,2590.6%
ARISTA NETWORKS INC$5,163,1280.6%
PACCAR INC$5,159,7220.6%
CADENCE DESIGN SYSTEMS INC$5,153,9200.6%
OLD DOMINION FREIGHT LINE INC$4,995,2750.6%
NASDAQ INC$4,980,4650.6%
SMARTSHEET INC$4,976,7120.6%
MONGODB INC$4,907,4260.6%
UNITY SOFTWARE INC$4,902,8740.6%
ALNYLAM PHARMACEUTICALS INC$4,900,6110.6%
EQUIFAX INC$4,875,0960.6%
NORDSON CORP$4,869,5350.6%
TRACTOR SUPPLY CO$4,816,5770.6%
GLOBANT SA$4,804,0420.6%
FLOOR & DECOR HOLDINGS INC$4,781,0000.6%
CONSTELLATION BRANDS INC$4,767,1430.6%
ZENDESK INC$4,748,4690.6%
ROBERT HALF INTERNATIONAL INC$4,739,4260.6%
CHIPOTLE MEXICAN GRILL INC$4,723,9080.6%
METTLER-TOLEDO INTERNATIONAL INC$4,702,3740.6%
ZYNGA INC$4,670,7520.5%
FMC CORP$4,572,7500.5%
ADVANCED MICRO DEVICES INC$4,571,8440.5%
MATCH GROUP INC$4,534,1870.5%
US FOODS HOLDING CORP$4,475,8050.5%
HUBBELL INC$4,438,4250.5%
CYBERARK SOFTWARE LTD$4,355,5840.5%
HELEN OF TROY LTD$4,341,4880.5%
INSULET CORP$4,338,5340.5%
MCKESSON CORP$4,329,5200.5%
ASCENDIS PHARMA A/S$4,203,3860.5%
ARES MANAGEMENT CORP$4,182,7840.5%
IAC/INTERACTIVECORP$4,131,3600.5%
DENTSPLY SIRONA INC$4,125,4680.5%
COOPER COS INC/THE$4,092,2450.5%
EXACT SCIENCES CORP$4,086,2850.5%
COSTAR GROUP INC$4,008,3570.5%
ZEBRA TECHNOLOGIES CORP$3,993,2780.5%
ROYAL CARIBBEAN CRUISES LTD$3,975,2990.5%
ARGENX SE$3,970,3980.5%
LYFT INC$3,888,0420.5%
PROGRESSIVE CORP/THE$3,887,4190.5%
S&P GLOBAL INC$3,879,1820.5%
INGERSOLL RAND INC$3,825,2230.4%
DELTA AIR LINES INC$3,819,2660.4%
ELASTIC NV$3,751,9450.4%
MSCI INC$3,668,3570.4%
BRIGHT HORIZONS FAMILY SOLUTIONS INC$3,651,9110.4%
TAKE-TWO INTERACTIVE SOFTWARE INC$3,624,9120.4%
ZSCALER INC$3,609,0130.4%
HOLOGIC INC$3,537,5050.4%
ITT INC$3,523,1480.4%
OLAPLEX HOLDINGS INC$3,461,7140.4%
GLOBAL PAYMENTS INC$3,384,3840.4%
FLEETCOR TECHNOLOGIES INC$3,372,4800.4%
OKTA INC$3,332,0760.4%
ARAMARK$3,229,1950.4%
FREEPORT-MCMORAN INC$3,204,7600.4%
ROKU INC$3,200,9580.4%
AVALARA INC$3,200,4280.4%
AMEDISYS INC$3,192,9420.4%
PINTEREST INC$3,108,3500.4%
RESMED INC$3,078,9470.4%
BENTLEY SYSTEMS INC$3,013,6150.4%
JAZZ PHARMACEUTICALS PLC$2,909,5940.3%
TPG INC$2,883,4120.3%
ULTA BEAUTY INC$2,878,0330.3%
MKS INSTRUMENTS INC$2,876,4600.3%
MARKETAXESS HOLDINGS INC$2,873,3120.3%
ENCOMPASS HEALTH CORP$2,845,4620.3%
FIRST REPUBLIC BANK/CA$2,779,6100.3%
ACADIA HEALTHCARE CO INC$2,769,7160.3%
MARAVAI LIFESCIENCES HOLDINGS INC$2,721,6940.3%
MORNINGSTAR INC$2,690,0300.3%
PIONEER NATURAL RESOURCES CO$2,659,5600.3%
TYLER TECHNOLOGIES INC$2,633,7990.3%
NATERA INC$2,626,2520.3%
EAST WEST BANCORP INC$2,612,1770.3%
BILL.COM HOLDINGS INC$2,611,9220.3%
WOLFSPEED INC$2,604,5680.3%
EXELIXIS INC$2,518,1280.3%
COUPA SOFTWARE INC$2,480,7050.3%
GARMIN LTD$2,479,7090.3%
LAM RESEARCH CORP$2,463,2040.3%
SVB FINANCIAL GROUP$2,457,3300.3%
TRIMBLE INC$2,455,4090.3%
DISCOVER FINANCIAL SERVICES$2,395,8470.3%
NEUROCRINE BIOSCIENCES INC$2,299,9530.3%
FIVE9 INC$2,297,5700.3%
LITTELFUSE INC$2,244,6200.3%
IDEXX LABORATORIES INC$2,222,0290.3%
CARMAX INC$2,214,2600.3%
SAMSARA INC$2,172,7640.3%
HEICO CORP$2,116,8050.3%
ADVANCED DRAINAGE SYSTEMS INC$2,094,3070.2%
DATADOG INC$2,069,1360.2%
F5 INC$2,066,5460.2%
TORO CO/THE$1,995,9950.2%
AGIOS PHARMACEUTICALS INC$1,787,3600.2%
BUMBLE INC$1,770,9820.2%
NATIONAL VISION HOLDINGS INC$1,765,2200.2%
TELADOC HEALTH INC$1,704,0280.2%
GUARDANT HEALTH INC$1,603,7340.2%
BOOKING HOLDINGS INC$1,581,3980.2%
CONFLUENT INC$1,540,8250.2%
TREX CO INC$1,467,4200.2%
CHEWY INC$1,434,1400.2%
FRONTIER GROUP HOLDINGS INC$1,421,5780.2%
SEAGEN INC$1,382,6460.2%
ROBLOX CORP$1,366,7600.2%
FORTUNE BRANDS HOME & SECURITY INC$1,227,4630.1%
TWILIO INC$900,2200.1%
REMITLY GLOBAL INC$655,6310.1%
UIPATH INC$613,5690.1%
ACV AUCTIONS INC$500,1780.1%
HASHICORP INC$318,6660.0%
 
Short-Term/Cash
Underlying Fund HoldingsMarket Value%
BLACKROCK TEMP FUND - INST SHARES FUND 24$12,275,7171.4%
JPMORGAN PRIME MONEY MARKET FUND FUNDS VARIABLE$11,208,1471.3%
 
Other
Underlying Fund HoldingsMarket Value%
US DOLLAR$-1,074,689-0.1%

Management

Management  

Investment Advisor: MissionSquare Investments

Portfolio Manager NameTitleAccreditationStrategy Start Date
Wayne WickerSenior Vice President and Chief Investment OfficerCFAManaged Fund Since 2004
Aimei ZhongManaging Vice PresidentCFA, CAIAManaged Fund Since 2020
John GraySenior Fund ManagerCFAManaged Fund Since 2021
Manager NameTargetRangeManager Strategy
Inception Date
Manager Style
J.P. Morgan Investment Management Inc.50.00%+/- 10.00%09/2020Core Growth
TimesSquare Capital Management, LLC50.00%+/- 10.00%01/2006Growth-at-a-Reasonable Price

Footnotes

1.

The Fund is an investment option of VantageTrust II Multiple Collective Investment Funds Trust ("VantageTrust II"), a group trust established and maintained by VantageTrust Company, LLC, a wholly owned subsidiary of MissionSquare Retirement. VantageTrust II provides for the commingling of assets of certain trusts and plans as described in its Declaration of Trust and Participation Agreement, and is only available for investment by such eligible trusts and plans. The Fund is not a mutual fund. Its units are not deposits of VantageTrust Company and are not insured by the Federal Deposit Insurance Corporation or any other agency. The Fund is a security that has not been registered under the Securities Act of 1933 and is exempt from investment company registration under the Investment Company Act of 1940. For additional information regarding the Fund, including a description of the principal risks, please consult the Funds' Disclosure Memorandum. It is available at www.icmarc.org for plan administration clients, at investments.missionsq.org for institutions, or upon request by calling 800-669-7400.

2.

Before investing in the Fund you should carefully consider your investment goals, tolerance for risk, investment time horizon, and personal circumstances. There is no guarantee that the Fund will meet its investment objective and you can lose money.

3.

When Funds are marketed to institutional clients, the Funds are offered by MissionSquare Investment Services, an SEC registered broker-dealer and FINRA member firm. MissionSquare Investment Services is a wholly-owned subsidiary of MissionSquare Retirement and is an affiliate of VantageTrust Company, LLC and MissionSquare Investments.

4.

Effective September 10, 2021, the Vantagepoint Funds are now known as the MissionSquare Funds.

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.