MoA Small Cap Equity Index Fund Overview

As of 10/31/2026

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 12 years of investment experience

Ron Viener

Ron Viener

Senior Vice President, Head of Trading and Middle Office

With MoA Since 2020

Over 26 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 28 years of investment experience

Morningstar Ratings™

Time Period Rating # Funds in Category
Overall 586
3 Year 586
5 Year 559
10 Year 462
Based on risk adjusted return among Morningstar Small Blend category.

MoA Small Cap Equity Index Fund Performance

Monthly

As of 10/31/2026
Annualized
Class 1 Mo YTD 1 Yr 3 Yr 5 Yr 10 Yr Incep
MoA Small Cap Equity Index Fund 3.17 17.50 20.56 18.09 5.98 – 7.81
S&P SmallCap® 600 Index 3.18 17.71 20.77 18.32 6.17 – 7.98
Morningstar Small Blend Category Avg 1.97 14.90 17.27 18.30 6.32 – –
Percentile Rank in Morningstar Category – – 28 56 57 – –
Number of Funds in Category – – 617 586 559 – –
Date of Inception: 7/2/2018 | Gross Expense Ratio: 0.30% | Net Expense Ratio: 0.25%

Quarterly

As of 9/30/2026
Annualized
Class 3 Mo YTD 1 Yr 3 Yr 5 Yr 10 Yr Incep
MoA Small Cap Equity Index Fund -7.99 13.90 15.70 14.60 6.03 – 7.49
S&P SmallCap® 600 Index -7.93 14.08 16.02 14.81 6.22 – 7.66
Morningstar Small Blend Category Avg -7.24 12.75 14.52 15.21 6.87 – –
Percentile Rank in Morningstar Category – – 43 60 68 – –
Number of Funds in Category – – 618 582 559 – –
Date of Inception: 7/2/2018 | Gross Expense Ratio: 0.30% | Net Expense Ratio: 0.25%

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 expenses to the extent necessary so that the total annual fund operating expenses (other than shareholder services fees, taxes, commissions, mark-ups, litigation expenses, indemnification expenses, interest expenses, acquired fund fees and expenses, any investment-related expenses, and any extraordinary expenses) do not exceed the annual rate of 0.25% based on the Fund’s average daily net assets. This contractual obligation may not be terminated before April 30, 2027, without the consent of the Board of Directors.

MoA Small Cap Equity Index Fund Portfolio Characteristics

As of 9/30/2026

Top 10 Holdings (%)

Holding Fund
iShares Core S&P Small-Cap ETF 3.09
FormFactor Inc 0.66
Viasat Inc 0.55
Glaukos Corp 0.55
Qorvo Inc 0.53
Match Group Inc Ordinary Shares - New 0.52
Protagonist Therapeutics Inc 0.51
Paycom Software Inc 0.47
Element Solutions Inc 0.47
Ryman Hospitality Properties Inc 0.46
Total 7.81
Total Number of Holdings: 607

Portfolio Composition (%)

Asset Fund
Equities 99.76
Cash 0.24

Risk Metrics (3 yr)

Holding Fund Category*
Sharpe Ratio 0.57 0.61
Standard Deviation 19.07 18.30

Average Market Cap

Item Value
Fund $3.7B
Category Average* $6.3B

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
Financials 18.41 17.53
Industrials 17.40 18.38
Information Technology 13.98 13.35
Consumer Discretionary 12.88 11.39
Healthcare 10.92 15.61
Energy 6.47 5.44
Real Estate 6.44 5.78
Materials 4.27 5.61
Consumer Staples 3.81 2.38
Communication Services 3.45 2.24
Utilities 1.98 2.30

MoA Small Cap Equity Index Fund Literature