Fund Evaluator:

MoA Catholic Values Index Fund Class Overview

MoA Catholic Values Index Fund Class (MACCX) is a passively managed U.S. Equity Large Blend fund. Mutual of America launched the fund in 2020.

The investment seeks investment results that correspond to the investment performance of the S&P 500® Catholic Values Index. The fund primarily invests in the common stocks included in the S&P 500® Catholic Values Index ("Catholic Values index") to replicate, to the extent practicable and cost effective, the weightings of such stocks in the Catholic Values index. The Catholic Values index is designed to provide exposure to U.S. equity securities included in the S&P 500® Index while maintaining alignment with the moral and social teachings of the Catholic Church. The fund is non-diversified.

About MoA Catholic Values Index Fund Class (MACCX)

There are 3 members of the management team with an average tenure of 4.53 years: Jamie Zendel (2020), Ron Viener (2024), Erik Wennerstrum (2021). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P 500 Catholic Values TR USD index with a weighting of 100%. MoA Catholic Values Index Fund Class has 450 securities in its portfolio. The top 10 holdings constitute 37.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

MoA Catholic Values Index Fund Class is part of the Equity global asset class and is within the U.S. Equity fund group. MoA Catholic Values Index Fund Class has 0.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.2%. There is 0.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). MoA Catholic Values Index Fund Class has 0.3% of the portfolio in cash.

Assets Under Management

The fund has $12 million in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

MACCX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The MoA Catholic Values Index Fund Class expense ratio is below average compared to funds in the Large Blend category. MoA Catholic Values Index Fund Class has an expense ratio of 0.25%, which is 69% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. MoA Catholic Values Index Fund Class has a portfolio turnover rate of 23%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of August 2026, MoA Catholic Values Index Fund Class returned 2.9%, which earned it a grade of A, as the Large Blend category had an average return of 2.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

MoA Catholic Values Index Fund Class has a trailing yield of 0.78%, which is above the 0.55% category average. The fund normally distributes its income monthly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

MoA Catholic Values Index Fund Class Grades

Year to date, the fund has returned 11.5%, 0.1 percentage points worse than the category, which translates into a grade of C. The fund has returned 17.6% over the past year (grade of C), 19.7% over the past three years (grade of C) and 11.4% per year over the past five years (grade of C).

For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about MoA Catholic Values Index Fund Class, including its riskiness, submit your email to unlock the rest of the article.