Description
Objective
Maximize total return, consistent with prudent investment management and liquidity needs.
Principal Investment Strategies
The Fund invests its assets in the Western Asset Core Plus Bond Fund. The underlying fund invests in a portfolio of fixed income securities of various maturities and, under normal market conditions, will invest at least 80% of its net assets in debt and fixed income securities. Although the underlying fund may invest in securities of any maturity, it will normally maintain a dollar-weighted average effective duration within 30% of the average duration of the domestic bond market as a whole as estimated by its subadvisers. The underlying fund may invest up to 20% of its total assets in non-U.S. dollar denominated securities. Please see the underlying fund's prospectus for additional information.
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: Interest Rate Risk, Credit Risk, High Yield Securities Risk, Derivative Instruments Risk, Leverage Risk, Liquidity Risk, Foreign Securities Risk, Emerging Markets Securities Risk, Foreign Currency Risk, Foreign Government Securities Risk, Call Risk, Issuer Risk, Inflation-Adjusted Securities Risk, Mortgage-Backed Securities Risk, Asset-Backed Securities Risk, Management Risk.
Please see the Disclosure Memorandum for additional information about the Fund’s risks.
Performance & Expenses
| Fund/Benchmark Name | Qtr | YTD | 1-Yr | 3-Yr | 5-Yr | 10-Yr | Since Inception |
|---|---|---|---|---|---|---|---|
| MSQ Western Asst Core Plus Bnd | -8.80% | -8.80% | -6.32% | 1.79% | 2.58% | N/A | 2.68% |
| Bloomberg U.S. Agg Bond Indexa,b | -5.93% | -5.93% | -4.15% | 1.69% | 2.14% | 2.24% | N/A |
| Morningstar Intermediate Core-Plus Bondb,c | -5.72% | -5.72% | -4.00% | 2.13% | 2.39% | 2.61% | 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.
| Gross Expenses | 0.52% |
|---|---|
| Net Expenses | 0.45% |
a. The Bloomberg U.S. Aggregate Bond Index consists of investment-grade U.S. fixed income securities.
b. 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.
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.
d. Differences between the net and gross expense ratios of a fund are typically due to fee waivers, expense reimbursements, and/or expense limits.
Distributions
| Record Date | Ex/Payable Date | Income/Capital Gains Paid Per Share |
|---|---|---|
| Feb 1, 2018 to Feb 28, 2018 | Feb 28, 2018 | $0.032659891 |
| Dec 30, 2017 to Jan 31, 2018 | Jan 31, 2018 | $0.033290877 |
| Dec 1, 2017 to Dec 29, 2017 | Dec 29, 2017 | $0.034718999 |
| Dec 21, 2017 | Dec 21, 2017 | $0.015820000 |
| Nov 1, 2017 to Nov 30, 2017 | Nov 30, 2017 | $0.043494479 |
| Sep 30, 2017 to Oct 31, 2017 | Oct 31, 2017 | $0.031381338 |
| Sep 1, 2017 to Sep 29, 2017 | Sep 29, 2017 | $0.030554924 |
| Aug 1, 2017 to Aug 31, 2017 | Aug 31, 2017 | $0.031813399 |
| Jul 1, 2017 to Jul 31, 2017 | Jul 31, 2017 | $0.029413963 |
| Jun 1, 2017 to Jun 30, 2017 | Jun 30, 2017 | $0.035276018 |
Footnotes
| 1. | 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. |
|---|---|
| 2. | The Fund is an investment option of VantageTrust, a group trust established and maintained by VantageTrust Company, LLC, a wholly owned subsidiary of MissionSquare Retirement. VantageTrust provides for the commingling of assets of certain trusts and plans as described in its Declaration of Trust, 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, which is available when plan administration clients log in at www.icmarc.org, at investments.missionsq.org for institutions, or upon request by calling 800-669-7400. |
| 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 VT Funds are now known as the MSQ Funds. |