MoA Clear Passage 2020 Fund™ Overview

As of 3/31/2024

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 124
10 Year 67
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 Strategies

Portfolio Manager Since 2007

Over 26 years of investment experience

Joseph R. Gaffoglio, CFA, CPA

Joseph R. Gaffoglio, CFA, CPA

President

Portfolio Manager Since 2005

Over 29 years of investment experience

MoA Clear Passage 2020 Fund™ Performance

Monthly

As of 3/31/2024
Annualized
Class 1 Mo YTD 1 Yr 3 Yr 5 Yr 10 Yr Incep
MoA Clear Passage 2020 Fund™ 1.94 3.34 10.92 2.58 5.53 5.77 5.68
Morningstar Lifetime Allocation Moderate 2020 Index 1.85 2.71 9.53 1.12 4.99 4.96 4.97
Morningstar Target-Date 2020 Category Avg 1.98 3.36 10.66 1.94 5.41 5.24
Percentile Rank in Morningstar Category 48 11 50 19
Number of Funds in Category 138 133 124 67
Date of Inception: 11/5/2007 | Gross Expense Ratio: 0.42%

Quarterly

As of 3/31/2024
Annualized
Class 3 Mo YTD 1 Yr 3 Yr 5 Yr 10 Yr Incep
MoA Clear Passage 2020 Fund™ 3.34 3.34 10.92 2.58 5.53 5.77 5.68
Morningstar Lifetime Allocation Moderate 2020 Index 2.71 2.71 9.53 1.12 4.99 4.96 4.97
Morningstar Target-Date 2020 Category Avg 3.36 3.36 10.66 1.94 5.41 5.24
Percentile Rank in Morningstar Category 48 11 50 19
Number of Funds in Category 138 133 124 67
Date of Inception: 11/5/2007 | Gross Expense Ratio: 0.42%

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 3/31/2024

Holdings (%)

Holding Fund
MoA Core Bond Fund 34.12
MoA Equity Index Fund 24.14
MoA Intermediate Bond Fund 20.77
MoA International Fund 7.08
MoA Mid Cap Equity Index Fund 5.58
MoA Money Market Fund 5.47
MoA Small Cap Value Fund 1.98
MoA Small Cap Equity Index Fund 0.73
MoA Mid Cap Value Fund 0.13
Total 100.00
Total Number of Holdings: 10

Credit Quality (%)

Holding Fund Category
AAA 0.00 64.14
AA 70.59 3.02
A 11.80 8.45
BBB 16.52 10.28
BB 0.10 7.68
B 0.24 4.08
Below B 0.00 1.42

Portfolio Composition (%)

Asset Fund
Equities 38.96
Bonds 54.19
Cash 6.79
Other 0.05

Risk Metrics (3 yr)

Holding Fund Category*
Sharpe Ratio 0.01 -0.04
Standard Deviation 9.72 10.55

Average Market Cap

Item Value
Fund $95.5B
Category Average* $96.0B

Effective Duration

Item Value
Fund 5.01 YRS
Category Average* 5.09 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 22.26 21.52
Financials 14.92 16.42
Industrials 12.90 11.80
Consumer Discretionary 11.58 10.74
Healthcare 11.34 11.08
Communication Services 6.64 6.60
Consumer Staples 5.92 5.77
Energy 4.42 4.88
Materials 4.21 4.75
Real Estate 3.21 4.20
Utilities 2.58 2.24

Fixed Income Sector Breakdown

MoA Clear Passage 2020 Fund™
Morningstar Target-Date 2020 Category Avg
Sector Fund Category
Government 49.70 52.37
Corporate 26.68 21.73
Securitized 19.14 16.86
Cash & Equivalents 4.48 7.38
Derivative 0.00 1.49

MoA Clear Passage 2020 Fund™ Literature