MoA International Fund Overview

As of 12/31/2024

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 344
3 Year 344
5 Year 317
10 Year 220
Based on risk adjusted return among Morningstar Foreign Large Value category.

Portfolio Managers

Jamie Zendel, FRM

Jamie Zendel, FRM

Executive Vice President, Head of Quantitative and Asset Allocation Strategies

With MoA Since 2007

Over 27 years of investment experience

Eric Lockenvitz, CFA

Eric Lockenvitz, CFA

Vice President, Quantitative Research

With MoA Since 2023

Over 12 years of investment experience

MoA International Fund Performance

Monthly

As of 12/31/2024
Annualized
Class 1 Mo YTD 1 Yr 3 Yr 5 Yr 10 Yr Incep
MoA International Fund -2.50 5.19 5.19 3.79 5.95 5.82 2.90
MSCI EAFE Index -2.27 3.82 3.82 1.65 4.73 5.20 2.63
Morningstar Foreign Large Value Category Avg -2.32 4.39 4.39 3.46 4.71 4.48
Percentile Rank in Morningstar Category 42 43 27 8
Number of Funds in Category 371 344 317 220
Date of Inception: 11/5/2007 | Gross Expense Ratio: 0.47% | Net Expense Ratio: 0.32%

Quarterly

As of 12/31/2024
Annualized
Class 3 Mo YTD 1 Yr 3 Yr 5 Yr 10 Yr Incep
MoA International Fund -6.87 5.19 5.19 3.79 5.95 5.82 2.90
MSCI EAFE Index -8.11 3.82 3.82 1.65 4.73 5.20 2.63
Morningstar Foreign Large Blend Category Avg -7.29 4.39 4.39 3.46 4.71 4.48
Percentile Rank in Morningstar Category 42 43 27 8
Number of Funds in Category 371 344 317 220
Date of Inception: 11/5/2007 | Gross Expense Ratio: 0.47% | Net Expense Ratio: 0.32%

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.

The Adviser has contractually agreed to a waiver of 0.15% of the Fund’s management fees. This contractual obligation may not be terminated before April 30, 2026.

MoA International Fund Portfolio Characteristics

As of 12/31/2024

Top 10 Holdings (%)

Holding Fund
SAP SE 2.15
Novartis AG Registered Shares 2.11
Roche Holding AG 1.75
Hitachi Ltd 1.50
Siemens AG 1.46
Hermes International SA 1.45
Shell PLC 1.45
HSBC Holdings PLC 1.41
Novo Nordisk AS Class B 1.40
RELX PLC 1.35
Total 16.03
Total Number of Holdings: 153

Top 10 Countries (%)

Country Fund
Japan 22.32
United Kingdom 15.72
France 10.16
Switzerland 9.05
Germany 8.96
Australia 5.30
Spain 4.53
Italy 4.53
Netherlands 4.45
Sweden 2.81
Total 87.83

Portfolio Composition (%)

Asset Fund
Equities 94.56
Cash 4.64
Other 0.80

Risk Metrics (3 yr)

Holding Fund Category*
Sharpe Ratio 0.05 0.04
Standard Deviation 16.56 16.72

Average Market Cap

Item Value
Fund $53.3B
Category Average* $36.2B

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 22.10 24.83
Industrials 18.18 13.58
Healthcare 11.69 9.14
Information Technology 11.10 6.98
Consumer Discretionary 10.67 10.92
Consumer Staples 7.18 8.55
Materials 4.91 8.20
Communication Services 4.48 5.18
Energy 4.19 7.51
Utilities 3.60 3.87
Real Estate 1.90 1.23

MoA International Fund Literature