Our Target Date Funds MoA Clear Passage 2020 Fund™

Ticker: MURGX | Inception Date: 11/5/2007
AUM: $479.7M | Benchmark: Morningstar Lifetime Allocation Moderate 2020 Index

Fact Sheet

MoA Clear Passage 2020 Fund™ Overview

As of 11/30/2024

The MoA Clear Passage 2020 Fund™ is designed to continue an individual’s investment horizon beyond the target retirement date. Our allocation approach seeks to achieve current income and capital appreciation aligned with needs of an individual entering the retirement years.

The Fund Features:

  • Dynamic portfolio allocation that adjusts the fixed income and equity holdings over time
  • A glidepath that extends 10 years beyond the retirement date
  • A conservative risk-management approach

Morningstar Ratings™

Time Period Rating # Funds in Category
Overall 133
3 Year 133
5 Year 123
10 Year 73
Based on risk adjusted return among Morningstar Target-Date 2020 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

Joseph R. Gaffoglio, CFA, CPA

Joseph R. Gaffoglio, CFA, CPA

President & CEO

With MoA Since 2005

Over 29 years of investment experience

MoA Clear Passage 2020 Fund™ Performance

Quarterly

Monthly

As of 11/30/2024
Annualized
Class 1 Mo YTD 1 Yr 3 Yr 5 Yr 10 Yr Incep
MoA Clear Passage 2020 Fund™ 2.63 10.34 14.49 3.05 5.46 5.86 5.86
Morningstar Lifetime Allocation Moderate 2020 Index 2.46 9.96 15.06 1.27 4.96 5.24 5.19
Morningstar Target-Date 2020 Category Avg 2.28 10.15 14.75 2.40 5.35 5.43
Percentile Rank in Morningstar Category 63 19 53 19
Number of Funds in Category 143 133 123 73
Date of Inception: 11/5/2007 | Gross Expense Ratio: 0.45%

Quarterly

As of 9/30/2024
Annualized
Class 3 Mo YTD 1 Yr 3 Yr 5 Yr 10 Yr Incep
MoA Clear Passage 2020 Fund™ 5.05 9.56 17.66 3.44 5.88 6.11 5.87
Morningstar Lifetime Allocation Moderate 2020 Index 6.16 9.81 19.53 1.72 5.43 5.46 5.24
Morningstar Target-Date 2020 Category Avg 5.42 9.94 18.89 2.72 5.85 5.70
Percentile Rank in Morningstar Category 83 10 64 19
Number of Funds in Category 145 136 126 75
Date of Inception: 11/5/2007 | Gross Expense Ratio: 0.45%

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 Clear Passage 2020 Fund™ Portfolio Characteristics

As of 9/30/2024

Holdings (%)

Holding Fund
MoA Core Bond Fund 35.85
MoA Equity Index Fund 24.97
MoA Intermediate Bond Fund 20.17
MoA International Fund 7.08
MoA US Government Money Market Fund 4.89
MoA Mid Cap Equity Index Fund 4.56
MoA Small Cap Value Fund 1.05
MoA Mid Cap Value Fund 0.71
MoA Small Cap Equity Index Fund 0.71
Total 99.99
Total Number of Holdings: 10

Credit Quality (%)

Holding Fund Category
AAA 0.00 35.94
AA 63.17 45.83
A 9.83 4.65
BBB 26.44 5.83
BB 0.12 4.17
B 0.00 2.10
Below B 0.00 0.79
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 38.82
Bonds 55.51
Cash 5.61
Other 0.06

Risk Metrics (3 yr)

Holding Fund Category*
Sharpe Ratio 0.01 -0.05
Standard Deviation 9.85 10.70

Average Market Cap

Item Value
Fund $122.2B
Category Average* $118.2B

Effective Duration

Item Value
Fund 5.07 YRS
Category Average* 5.15 YRS

Overall Risk Vs Category*

*Compared to the Target-Date 2020 Category.

Equity Sector Breakdown

MoA Clear Passage 2020 Fund™
Morningstar Target-Date 2020 Category Avg
Sector Fund Category
Information Technology 23.46 22.86
Financials 15.63 15.96
Industrials 12.08 11.24
Healthcare 11.80 11.16
Consumer Discretionary 10.49 9.96
Communication Services 6.71 6.90
Consumer Staples 5.94 5.67
Energy 4.07 4.24
Materials 3.79 4.19
Real Estate 3.24 5.35
Utilities 2.78 2.48

Fixed Income Sector Breakdown

MoA Clear Passage 2020 Fund™
Morningstar Target-Date 2020 Category Avg
Sector Fund Category
Government 43.39 51.25
Corporate 35.36 21.76
Securitized 20.36 17.00
Cash & Equivalents 0.89 5.78
Derivative 0.00 4.03

MoA Clear Passage 2020 Fund™ Literature

Document Download
Fact Sheet
Holdings Q1
Holdings Q3
Prospectus
Document Download
Summary Prospectus
Annual Report
Semi-Annual Report