Objective & Strategy
The fund seeks total return through growth of capital and current income.
Morningstar Rating ™
Overall Rating - Large Blend CategoryAs of 09/30/2024 the Fund had an overall rating of 4 stars out of 1,295 funds and was rated 3 stars out of 1,295 funds, 3 stars out of 1,194 funds and 4 stars out of 901 funds for the 3-, 5- and 10- year periods, respectively.
Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2024 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and 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. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.
Management team
Top Equity Holdings | View all
% of Total Assets | |
---|---|
Apple | 6.93 |
Nvidia | 6.59 |
Microsoft | 6.10 |
Amazon | 3.51 |
Meta Platforms 'A' | 2.50 |
Alphabet 'A' | 2.02 |
Alphabet 'C' | 1.67 |
Berkshire Hathaway 'B' | 1.67 |
Broadcom | 1.60 |
Tesla | 1.40 |
May not equal 100% due to rounding.
Holdings are subject to change and are not buy/sell recommendations.
Average Annual Returns (%)
Incept. Date |
Max Load (%) |
Since Incept. (%) |
YTD (%) | 1Y (%) | 3Y (%) | 5Y (%) | 10Y (%) | |
---|---|---|---|---|---|---|---|---|
Performance quoted is past performance and cannot guarantee comparable future results; current performance may be lower or higher. Investment return and principal value will vary so that you may have a gain or a loss when you sell shares.
Annualized Benchmark Returns
Index Name | 1 Mo (%) | 3 Mo (%) | 1Y (%) | 3Y (%) | 5Y (%) | 10Y (%) |
---|---|---|---|---|---|---|
S&P 500 Total Return Index (USD) | -0.91 | 3.66 | 38.02 | 9.08 | 15.27 | 13.00 |
S&P 500 Total Return Index (USD) | -0.91 | 3.66 | 38.02 | 9.08 | 15.27 | 13.00 |
S&P 500 Total Return Index (USD) | 2.14 | 5.89 | 36.35 | 11.91 | 15.98 | 13.38 |
S&P 500 Total Return Index (USD) | 2.14 | 5.89 | 36.35 | 11.91 | 15.98 | 13.38 |
Source: RIMES Technologies Corp.
Source: RIMES Technologies Corp.
An investment cannot be made directly in an index.
Expense Ratio per Prospectus
Management Fee | 0.12 |
12b-1 Fee | 0.25 |
Other Expenses | 0.17 |
Interest/Dividend Exp | N/A |
Total Other Expenses | 0.17 |
Acquired Fund Fees and Expenses (Underlying Fund Fees & Expenses) | N/A |
Total Annual Fund Operating Expenses | 0.54 |
Contractual Waivers/Reimbursements | N/A |
Net Expenses - PER PROSPECTUS | 0.54 |
Additional Waivers/Reimbursements | N/A |
Net Expenses - With Additional Fee Reduction | 0.54 |
Distributions
Capital Gains | Reinvestment Price ($) |
|||
---|---|---|---|---|
Ex-Date | Income | Short Term | Long Term | |
Fund Characteristics
3-Year Alpha | -0.53% |
3-Year Beta | 1.00 |
3-Year R-Squared | 1.00 |
3-Year Sharpe Ratio | 0.28 |
3-Year Standard Deviation | 17.18 |
Number of Securities | 504 |
Total Assets | $3,389,595,305.00 |
Source: RIMES Technologies Corp.,StyleADVISOR
Benchmark: S&P 500 Total Return Index (USD)
Top Equity Holdings | View all
% of Total Assets | |
---|---|
Apple | 6.93 |
Nvidia | 6.59 |
Microsoft | 6.10 |
Amazon | 3.51 |
Meta Platforms 'A' | 2.50 |
Alphabet 'A' | 2.02 |
Alphabet 'C' | 1.67 |
Berkshire Hathaway 'B' | 1.67 |
Broadcom | 1.60 |
Tesla | 1.40 |
May not equal 100% due to rounding.
Holdings are subject to change and are not buy/sell recommendations.
Top Industries
% of Total Assets | |
---|---|
Semiconductors | 10.45 |
Systems Software | 7.53 |
Technology Hardware, Storage & Peripherals | 7.29 |
Interactive Media & Services | 6.22 |
Broadline Retail | 3.57 |
Pharmaceuticals | 3.39 |
Diversified Banks | 2.93 |
Transaction & Payment Processing Services | 2.43 |
Application Software | 2.32 |
Health Care Equipment | 2.19 |
May not equal 100% due to rounding.
The holdings are organized according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc. and Standard & Poor's.
Fund Documents
About risk
As with any mutual fund investment, loss of money is a risk of investing. An
investment in the Fund is not a deposit in a bank and is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other
governmental agency. The risks associated with an investment in the Fund
can increase during times of significant market volatility. The principal risks
of investing in the Fund are:
Market Risk. The market values of the Fund’s investments, and
therefore the value of the Fund’s shares, will go up and down, sometimes
rapidly or unpredictably. Market risk may affect a single issuer, industry or
section of the economy, or it may affect the market as a whole. The value of
the Fund’s investments may go up or down due to general market
conditions that are not specifically related to the particular issuer, such as
real or perceived adverse economic conditions, changes in the general
outlook for revenues or corporate earnings, changes in interest or currency
rates, regional or global instability, natural or environmental disasters,
widespread disease or other public health issues, war, military conflict, acts
of terrorism, economic crisis or adverse investor sentiment generally. During
a general downturn in the financial markets, multiple asset classes may
decline in value. When markets perform well, there can be no assurance
that specific investments held by the Fund will rise in value.
Investing in Stocks Risk. The value of the Fund’s portfolio may be
affected by changes in the stock markets. Stock markets may experience
significant short-term volatility and may fall or rise sharply at times. Adverse
events in any part of the equity or fixed-income markets may have
unexpected negative effects on other market segments. Different stock
markets may behave differently from each other and U.S. stock markets
may move in the opposite direction from one or more foreign stock markets.
The prices of individual stocks generally do not all move in the same
direction at the same time. However, individual stock prices tend to go up
and down more dramatically than those of certain other types of
investments, such as bonds. A variety of factors can negatively affect the
price of a particular company’s stock. These factors may include, but are not
limited to: poor earnings reports, a loss of customers, litigation against the
company, general unfavorable performance of the company’s sector or
industry, or changes in government regulations affecting the company or its
industry. To the extent that securities of a particular type are emphasized (for
example foreign stocks, stocks of small- or mid-cap companies, growth or
value stocks, or stocks of companies in a particular industry), fund share
values may fluctuate more in response to events affecting the market for
those types of securities.
Index Risk. Unlike many investment companies, the Fund does not
utilize an investing strategy that seeks returns in excess of its Underlying
Index. Therefore, the Fund would not necessarily buy or sell a security
unless that security is added to or removed from, respectively, the
Underlying Index, even if that security generally is underperforming.
Additionally, the Fund generally rebalances its portfolio in accordance with
the Underlying Index, and, therefore, any changes to the Underlying Index’s
rebalance schedule will typically result in corresponding changes to the
Fund’s rebalance schedule.
Sector Focus Risk. The Fund may from time to time have a significant
amount of its assets invested in one market sector or group of related
industries. In this event, the Fund’s performance will depend to a greater
extent on the overall condition of the sector or group of industries and there
is increased risk that the Fund will lose significant value if conditions
adversely affect that sector or group of industries.
Derivatives Risk. The value of a derivative instrument depends largely
on (and is derived from) the value of an underlying security, currency,
commodity, interest rate, index or other asset (each referred to as an
underlying asset). In addition to risks relating to the underlying assets, the
use of derivatives may include other, possibly greater, risks, including
counterparty, leverage and liquidity risks. Counterparty risk is the risk that
the counterparty to the derivative contract will default on its obligation to pay
the Fund the amount owed or otherwise perform under the derivative
contract. Derivatives create leverage risk because they do not require
payment up front equal to the economic exposure created by holding a
position in the derivative. As a result, an adverse change in the value of the
underlying asset could result in the Fund sustaining a loss that is
substantially greater than the amount invested in the derivative or the
anticipated value of the underlying asset, which may make the Fund’s
returns more volatile and increase the risk of loss. Derivative instruments
may also be less liquid than more traditional investments and the Fund may
be unable to sell or close out its derivative positions at a desirable time or
price. This risk may be more acute under adverse market conditions, during
which the Fund may be most in need of liquidating its derivative positions.
Derivatives may also be harder to value, less tax efficient and subject to
changing government regulation that could impact the Fund’s ability to use
certain derivatives or their cost. Derivatives strategies may not always be
successful. For example, derivatives used for hedging or to gain or limit
exposure to a particular market segment may not provide the expected
benefits, particularly during adverse market conditions.
Non-Correlation Risk. The Fund’s return may not match the return of
the Underlying Index for a number of reasons. For example, the Fund incurs
operating expenses not applicable to the Underlying Index, and incurs costs
in buying and selling securities, especially when rebalancing and
reconstituting the Fund’s securities holdings to reflect changes in the
composition of the Underlying Index. In addition, the performance of the
Fund and the Underlying Index may vary due to asset valuation differences
and differences between the Fund’s portfolio and the Underlying Index
resulting from legal restrictions, costs or liquidity constraints.