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Seeks to outperform a broad, market-weighted U.S. stock market index through active management.
The U.S. Blended Equity Fund is actively managed, meaning that it attempts to outperform its benchmark, the Russell 3000 Index. This index is representative of the total U.S. stock market, including publicly-traded companies of all sizes. The net return will be the result of general market performance, plus or minus the managers’ active performance, less investment and administration expenses.
Assets are allocated among several active managers who diversify their stock selections using different approaches, including, but not limited to:
This fund provides exposure to several investment styles which may each be in favor or out of favor from time to time. Smaller companies tend to be more volatile than larger companies. To moderate volatility, smaller companies comprise a much smaller proportion of the overall portfolio.
Historically, over long periods of time, the U.S. equity (stock) market has tended to provide higher returns than other investments, such as bonds or money market instruments. While there is no guarantee that this will be the case in the future, investment theory suggests that the potential for higher returns over the long term are a key reason investors would select an option like this one.
Because this fund is actively managed, the portfolio managers make conscious decisions about which stocks to include due to their favorable prospects, and which to exclude due to unfavorable prospects. These decisions are made in an attempt to produce higher returns than the broad equity market produces. A small proportion (expected to be less than 10% of the total fund) may be invested in the assets of non-U.S. companies.
Because this fund engages a variety of managers with contrasting investing styles, when one is performing less well there is the possibility that another will perform better. This usually results in a smoother investment experience than a fund which concentrates its investments in a single style. In addition, because this fund purchases stocks from a full range of companies from large to small, it has a broad opportunity set from which to access good investments.
All investments risk the loss of capital. Since this fund is invested entirely in stocks, the chance of losing a percentage of your original investment is much higher than with some other investment options.
The stock market can be volatile. Although, over long periods of time, investors may enjoy higher returns than they experience in some other options, they can also lose more money. Sharp and unpredictable changes in value, either positive or negative, can be especially acute over shorter periods of time.
Although this fund is predominantly a U.S. equity fund, from time to time an active manager may hold some non-U.S. stocks. Consequently, those non-U.S. stocks may introduce currency risk. The proportion of non-U.S. stocks is expected to be under 10% of the U.S. Blended Equity Fund.
The active decisions that the portfolio managers make with respect to which stocks to include and which to exclude may not turn out as expected and may detract from total fund return rather than enhancing it. This fund’s return may vary meaningfully from its benchmark, especially over shorter periods of time.
If you are uncomfortable with the risks associated with the U.S. Blended Equity Fund, you may want to consider another MMBB investment option.
The information contained herein is for general purpose only. The use of our information should be based on your due diligence and MMBB will not be liable for any success of failure that is directly or indirectly related to the use of the information contained herein. MMBB assumes no responsibility for errors or omissions in the content herein. The information contained herein does not constitute a complete description of our investment services and it does not constitute any tax, legal, financial, or investment advice. In no event shall, MMBB be liable for any special, direct, indirect, consequential, or incidental damages, or any damages whatsoever, whether in action of contract, negligence or tort, arising out of or in connection with the use of the information contained herein.
The performance of the U.S. Blended Equity Fund for varying lengths of time is reported below. The longer the time period, the more likely it encompasses varying economic and market conditions.
|Price||1 Day||YTD||1 Year||3 Year||5 Year||10 Year|
While it is valuable to view investment performance over long-term time horizons, looking at shorter time periods can give one insight as to how returns may fluctuate over shorter time periods. The table below displays calendar year returns.
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; performance through the current date may be lower or higher than displayed above due to market fluctuations, manager performance or other reasons.
|Investment Management Fees||0.47%|
|MMBB Administrative Charge||0.50%|
|TOTAL ESTIMATED ANNUAL EXPENSES||1.10%|
With all MMBB fund offerings, there are no sales charges on purchases, deferred sales charges, short-term or other redemption fees, distribution or 12b-1 fees, dealer commissions or low-balance account service fees.
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