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Morningstar

MM S&P 500® Index Svc MMIEX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 13.78  /  0.00
  • Total Assets 2.4 Bil
  • Adj. Expense Ratio
    0.370%
  • Expense Ratio 0.360%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Large Blend
  • Investment Style Large Blend
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 1.34%
  • Turnover 2%

USD | NAV as of Jan 26, 2023 | 1-Day Return as of Jan 26, 2023, 12:58 AM GMT+00:00

Morningstar’s Analysis MMIEX

Will MMIEX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MMIEX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the MMIEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of MMIEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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MM S&P 500® Index Svc’s management team is just average, but a solid investment process still helps this strategy retain its Morningstar Quantitative Rating of Bronze. The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

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