Morningstar U.S. Equity Fund (MSTQX)

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The chart shows the growth of an initial investment of $10,000 in Morningstar U.S. Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Morningstar U.S. Equity Fund (MSTQX) has returned -5.94% so far this year and -8.15% over the past 12 months.

Based on dividend-adjusted daily data since Nov 5, 2018, MSTQX's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, your investment would double in approximately 7.4 years.

Historically, 62% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +14.9%, while the worst month was Mar 2020 at -18.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, MSTQX closed higher 51% of trading days. The best single day was Dec 20, 2024 with a return of +9.2%, while the worst single day was Dec 22, 2025 at -14.6%.

Morningstar U.S. Equity Fund has an annualized alpha of -2.75%, beta of 0.91, and R² of 0.76 versus S&P 500 Index. Calculated based on daily prices since November 06, 2018.

• This fund participated in 108.84% of S&P 500 Index downside but only 92.43% of its upside — more exposed to losses than it benefited from rallies.
• This fund had an annualized alpha of -2.75% versus S&P 500 Index — delivering less than market exposure alone would predict.
• With beta of 0.91 and R² of 0.76, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

MSTQX has an expense ratio of 0.85%, placing it in the medium range.

MSTQX ranks 2 for risk / return — in the bottom 2% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Morningstar U.S. Equity Fund (MSTQX) and compare them to a chosen benchmark (S&P 500 Index).

Morningstar U.S. Equity Fund provided a 0.73% dividend yield over the last twelve months, with an annual payout of $0.08 per share.

The table displays the monthly dividend distributions for Morningstar U.S. Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Morningstar U.S. Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Morningstar U.S. Equity Fund was 36.23%, occurring on Mar 20, 2020. Recovery took 162 trading sessions.

The current Morningstar U.S. Equity Fund drawdown is 21.58%.

The chart below shows the rolling one-month volatility.