Our Asset Allocation Funds MoA Conservative Allocation Fund

Ticker: MACAX | Inception Date: 5/20/2003
AUM: $146.4M | Benchmark: Morningstar US Moderately Conservative Target Allocation Index

Fact Sheet

MoA Conservative Allocation Fund Overview

As of 12/31/2025

The MoA Conservative Allocation Fund uses our asset allocation expertise to build a portfolio that seeks to provide income and, to a lesser extent, capital appreciation.

The Fund Features:

  • A blend of active and passive management to achieve the Fund’s return and risk objectives
  • Approximately 60% weighting in fixed income, including the MoA Core Bond Fund and the MoA Intermediate Bond Fund
  • Approximately 40% weighting in equities, including the MoA Equity Index Fund, MoA Mid Cap Equity Index Fund, and the MoA International Fund

Portfolio Managers

Jamie Zendel, FRM

Jamie Zendel, FRM

Executive Vice President, Head of Quantitative and Asset Allocation Strategies

With MoA Since 2007

Over 28 years of investment experience

Joseph R. Gaffoglio, CFA, CPA (Inactive)

Joseph R. Gaffoglio, CFA, CPA (Inactive)

President & CEO

With MoA Since 2005

Over 31 years of investment experience

Morningstar Ratings™

Time Period Rating # Funds in Category
Overall 208
3 Year 208
5 Year 199
10 Year 160
Based on risk adjusted return among Morningstar Moderately Conservative Allocation category.

Lipper Award Winner

LSEG Lipper Fund Awards - 2025 Winner United States

2024 Best Mixed-Assets Small Fund Family Group Over Three Years

MoA Conservative Allocation Fund Performance

Quarterly

Monthly

As of 12/31/2025
Annualized
Class 1 Mo YTD 1 Yr 3 Yr 5 Yr 10 Yr Incep
MoA Conservative Allocation Fund 0.12 11.06 11.06 10.12 4.74 5.98 5.58
Morningstar US Moderately Conservative Target Allocation Index 0.14 12.35 12.35 11.49 5.00 6.53 6.22
Morningstar Moderately Conservative Allocation Category Avg 0.07 11.14 11.14 10.08 5.01 6.11
Percentile Rank in Morningstar Category 55 57 49 47
Number of Funds in Category 215 208 199 160
Date of Inception: 5/20/2003 | Gross Expense Ratio: 0.48%

Quarterly

As of 12/31/2025
Annualized
Class 3 Mo YTD 1 Yr 3 Yr 5 Yr 10 Yr Incep
MoA Conservative Allocation Fund 1.69 11.06 11.06 10.12 4.74 5.98 5.58
Morningstar US Moderately Conservative Target Allocation Index 1.76 12.35 12.35 11.49 5.00 6.53 6.22
Morningstar Moderately Conservative Allocation Category Avg 1.69 11.14 11.14 10.08 5.01 6.11
Percentile Rank in Morningstar Category 55 57 49 47
Number of Funds in Category 215 208 199 160
Date of Inception: 5/20/2003 | Gross Expense Ratio: 0.48%

The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call 800.914.8716 or visit the Fund’s website at moafunds.com.

MoA Conservative Allocation Fund Portfolio Characteristics

As of 12/31/2025

Holdings (%)

Holding Fund
MoA Core Bond Fund 33.95
MoA Equity Index Fund 30.22
MoA Intermediate Bond Fund 19.99
MoA International Fund 6.23
MoA Mid Cap Equity Index Fund 5.12
MoA US Government Money Market Fund 4.48
Total 99.99
Total Number of Holdings: 7

Credit Quality (%)

Holding Fund Category
AAA 0.00 37.71
AA 55.73 27.43
A 11.31 7.32
BBB 31.58 10.69
BB 0.66 6.55
B 0.00 3.54
Below B 0.00 1.03
Ratings are based on Morningstar DBRS ratings. For securities rated differently, Morningstar provides an average rating. Credit Quality ratings reflect the credit quality of the underlying securities in the Fund’s portfolio and not that of the fund itself. Quality ratings are subject to change. Ratings range from AAA as the highest to Below B as the lowest credit quality rating.

Portfolio Composition (%)

Asset Fund
Equities 40.99
Bonds 53.55
Cash 5.43
Other 0.03

Risk Metrics (3 yr)

Holding Fund Category*
Sharpe Ratio 0.77 0.68
Standard Deviation 6.51 7.44

Average Market Cap

Item Value
Fund $218.1B
Category Average* $165.3B

Effective Duration

Item Value
Fund 4.98 YRS
Category Average* 4.06 YRS

Overall Risk Vs Category*

*Compared to the Moderately Conservative Allocation Category.

Equity Sector Breakdown

MoA Conservative Allocation Fund
Morningstar Moderately Conservative Allocation Category Avg
Sector Fund Category
Information Technology 28.41 24.03
Financials 15.13 16.29
Industrials 11.56 10.49
Consumer Discretionary 10.25 9.96
Healthcare 9.86 10.07
Communication Services 8.64 8.47
Consumer Staples 5.17 6.20
Energy 3.15 4.21
Utilities 2.72 4.13
Materials 2.68 3.07
Real Estate 2.43 3.08

Fixed Income Sector Breakdown

MoA Conservative Allocation Fund
Morningstar Moderately Conservative Allocation Category Avg
Sector Fund Category
Corporate 41.21 14.50
Government 35.59 45.94
Securitized 22.29 11.53
Cash & Equivalents 0.91 15.40
Derivative 0.00 10.72

MoA Conservative Allocation Fund Literature

Document Download
Fact Sheet
Document Download
Prospectus
Summary Prospectus
Annual Report
Semi-Annual Report