MoA International Fund Overview

As of 3/31/2024

The actively managed MoA International Fund, which seeks capital appreciation, scans developed markets outside the U.S. for companies we believe have the potential to help the Fund outperform its benchmark, the MSCI EAFE Index.

The Fund Features:

  • A diversified portfolio of high-quality companies in developed international markets
  • Dynamic security selection based on quantitative models that are focused on company valuation, earnings quality, and capital deployment
  • High-conviction, low-turnover approach
  • Historically lower risk relative to its peers

Morningstar Ratings™

Time Period Rating # Funds in Category
Overall 696
3 Year 696
5 Year 646
10 Year 425
Based on risk adjusted return among Morningstar Foreign Large Blend category.

Portfolio Managers

Jamie Zendel, FRM

Jamie Zendel, FRM

Executive Vice President, Head of Quantitative Strategies

Portfolio Manager Since 2007

Over 26 years of investment experience

MoA International Fund Performance

Monthly

As of 3/31/2024
Annualized
Class 1 Mo YTD 1 Yr 3 Yr 5 Yr 10 Yr Incep
MoA International Fund 3.68 6.59 18.73 6.42 8.32 5.30 3.12
MSCI EAFE Index 3.29 5.78 15.32 4.78 7.33 4.80 2.87
Morningstar Foreign Large Blend Category Avg 3.20 5.24 13.54 2.92 6.56 4.53
Percentile Rank in Morningstar Category 8 6 14 18
Number of Funds in Category 748 696 646 425
Date of Inception: 11/5/2007 | Gross Expense Ratio: 0.14%

Quarterly

As of 3/31/2024
Annualized
Class 3 Mo YTD 1 Yr 3 Yr 5 Yr 10 Yr Incep
MoA International Fund 6.59 6.59 18.73 6.42 8.32 5.30 3.12
MSCI EAFE Index 5.78 5.78 15.32 4.78 7.33 4.80 2.87
Morningstar Foreign Large Blend Category Avg 5.24 5.24 13.54 2.92 6.56 4.53
Percentile Rank in Morningstar Category 8 6 14 18
Number of Funds in Category 748 696 646 425
Date of Inception: 11/5/2007 | Gross Expense Ratio: 0.14%

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 International Fund Portfolio Characteristics

As of 3/31/2024

Top 10 Holdings (%)

Holding Fund
Novo Nordisk A/S Class B 3.73
ASML Holding NV 2.89
BHP Group Ltd 1.86
Hermes International SA 1.61
Novartis AG Registered Shares 1.60
Tokyo Electron Ltd 1.50
Mitsubishi Corp 1.50
Roche Holding AG 1.45
Toyota Motor Corp 1.43
Nestle SA 1.43
Total 19.00
Total Number of Holdings: 145

Top 10 Countries (%)

Country Fund
Japan 23.35
United Kingdom 12.92
France 12.20
Switzerland 10.52
Germany 7.84
Netherlands 6.56
Denmark 5.52
Spain 4.75
Australia 3.37
Italy 2.37
Total 89.40

Portfolio Composition (%)

Asset Fund
Equities 97.81
Cash 1.32
Other 0.86

Risk Metrics (3 yr)

Holding Fund Category*
Sharpe Ratio 0.28 0.09
Standard Deviation 16.40 17.13

Average Market Cap

Item Value
Fund $61.4B
Category Average* $59.1B

Overall Risk Vs Category*

*Compared to the Foreign Large Blend Category.

Equity Sector Breakdown

MoA International Fund
Morningstar Foreign Large Blend Category Avg
Sector Fund Category
Financials 18.95 19.17
Industrials 17.55 16.93
Information Technology 11.55 11.68
Consumer Discretionary 11.43 13.33
Healthcare 10.58 11.28
Consumer Staples 8.20 8.38
Materials 7.61 6.68
Energy 5.18 4.81
Communication Services 4.82 3.76
Utilities 3.18 2.40
Real Estate 0.95 1.60

MoA International Fund Literature