MoA Small Cap Equity Index Fund Overview

As of 7/31/2025

The MoA Small Cap Equity Index Fund seeks investment results that correspond to the performance of the S&P SmallCap® 600 Index.

The Fund Features:

  • A portfolio that primarily invests in the 600 stocks included in the S&P SmallCap® 600 Index
  • Lower cost access to the capital appreciation potential of smaller U.S. companies

Portfolio Managers

Erik Wennerstrum, CPA

Erik Wennerstrum, CPA

Vice President, Quantitative Research

With MoA Since 2019

Over 11 years of investment experience

Ron Viener

Ron Viener

Vice President, Head of Trading and Middle Office

With MoA Since 2020

Over 25 years of investment experience

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

Morningstar Ratings™

Time Period Rating # Funds in Category
Overall 574
3 Year 574
5 Year 556
10 Year 401
Based on risk adjusted return among Morningstar Small Blend category.

MoA Small Cap Equity Index Fund Performance

Monthly

As of 7/31/2025
Annualized
Class 1 Mo YTD 1 Yr 3 Yr 5 Yr 10 Yr Incep
MoA Small Cap Equity Index Fund 0.90 -3.70 -4.94 4.41 10.74 5.38
S&P SmallCap® 600 Index 0.93 -3.58 -4.71 4.60 10.99 5.54
Morningstar Small Blend Category Avg 1.24 -0.66 -0.88 7.15 11.25
Percentile Rank in Morningstar Category 86 88 58
Number of Funds in Category 610 574 556
Date of Inception: 7/2/2018 | Gross Expense Ratio: 0.25% | Net Expense Ratio: 0.16%

Quarterly

As of 6/30/2025
Annualized
Class 3 Mo YTD 1 Yr 3 Yr 5 Yr 10 Yr Incep
MoA Small Cap Equity Index Fund 4.80 -4.57 4.42 7.48 11.43 5.32
S&P SmallCap® 600 Index 4.90 -4.46 4.60 7.65 11.68 5.47
Morningstar Small Blend Category Avg 6.69 -1.92 6.33 10.05 11.90
Percentile Rank in Morningstar Category 70 86 58
Number of Funds in Category 610 575 554
Date of Inception: 7/2/2018 | Gross Expense Ratio: 0.25% | Net Expense Ratio: 0.16%

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 waive its advisory fee and/or reimburse the Fund’s ordinary operating expenses to the extent necessary to limit the ordinary operating expenses (other than, among other things, the management fee and shareholder servicing fees) to an amount not to exceed the annual rate of 0.08% based on the Fund’s average daily net assets. This contractual obligation may not be terminated before April 30, 2026, without the consent of the Board of Directors.

MoA Small Cap Equity Index Fund Portfolio Characteristics

As of 6/30/2025

Top 10 Holdings (%)

Holding Fund
iShares Core S&P Small-Cap ETF 1.22
Mr. Cooper Group Inc 0.71
AeroVironment Inc 0.60
Brinker International Inc 0.60
Qorvo Inc 0.59
SPX Technologies Inc 0.58
Kratos Defense & Security Solutions Inc 0.58
BorgWarner Inc 0.55
Badger Meter Inc 0.54
Armstrong World Industries Inc 0.53
Total 6.50
Total Number of Holdings: 607

Portfolio Composition (%)

Asset Fund
Equities 99.97
Cash 0.03

Risk Metrics (3 yr)

Holding Fund Category*
Sharpe Ratio 0.22 0.33
Standard Deviation 22.71 21.21

Average Market Cap

Item Value
Fund $3.0B
Category Average* $5.9B

Overall Risk Vs Category*

*Compared to the Small Blend Category.

Equity Sector Breakdown

MoA Small Cap Equity Index Fund
Morningstar Small Blend Category Avg
Sector Fund Category
Industrials 19.41 24.70
Financials 19.30 18.04
Consumer Discretionary 13.21 13.07
Information Technology 12.72 9.08
Healthcare 10.56 13.32
Real Estate 7.70 6.31
Materials 4.92 3.52
Energy 3.96 4.28
Communication Services 2.98 2.37
Consumer Staples 2.97 2.76
Utilities 2.28 2.54

MoA Small Cap Equity Index Fund Literature