- ISIN
- US6176971074
- Issuer
- Morningstar
- Inception Date
- Nov 2, 2018
- Category
- Large Cap Blend Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MSTQX Performance Chart
Morningstar U.S. Equity Fund (MSTQX) is up 5.0% since the beginning of the year. MSTQX is currently trading at $13 per share. Investors who bought $1,000 worth of MSTQX shares 5 years ago would now be looking at an investment worth $1,352.
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Returns By Period
Morningstar U.S. Equity Fund (MSTQX) has returned 5.02% so far this year and -2.28% over the past 12 months.
Morningstar U.S. Equity Fund
- 1D
- 0.72%
- 1M
- 0.48%
- YTD
- 5.02%
- 6M
- 4.17%
- 1Y
- -2.28%
- 3Y*
- 8.94%
- 5Y*
- 6.21%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MSTQX Monthly Returns History
Based on dividend-adjusted daily data since Nov 5, 2018, MSTQX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.59% | -0.24% | -5.89% | 7.38% | 2.43% | -0.87% | 5.02% | ||||||
| 2025 | 3.92% | -4.61% | -2.45% | -1.22% | 5.51% | 4.13% | 1.27% | 2.66% | 1.51% | 0.35% | -0.14% | -14.91% | -5.56% |
| 2024 | 1.10% | 5.00% | 3.33% | -4.69% | 4.19% | 1.47% | 3.05% | 2.59% | 1.23% | -1.00% | 5.97% | -4.16% | 18.94% |
| 2023 | 7.79% | -2.44% | 1.64% | 1.33% | -0.28% | 6.84% | 3.16% | -1.96% | -4.68% | -2.18% | 8.93% | 5.67% | 25.24% |
| 2022 | -4.40% | -1.94% | 1.89% | -7.60% | 0.61% | -8.00% | 8.32% | -3.66% | -9.33% | 8.19% | 5.45% | -5.08% | -16.29% |
| 2021 | -0.17% | 4.53% | 4.98% | 5.05% | 2.18% | 0.57% | 0.42% | 2.26% | -3.03% | 5.62% | -2.56% | 4.09% | 26.15% |
Benchmark Metrics
Morningstar U.S. Equity Fund has an annualized alpha of -3.08%, beta of 0.91, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since November 05, 2018.
- This fund participated in 109.25% of S&P 500 Index downside but only 90.64% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -3.08% 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.
- Alpha
- -3.08%
- Beta
- 0.91
- R²
- 0.76
- Upside Capture
- 90.64%
- Downside Capture
- 109.25%
Expense Ratio
MSTQX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Morningstar U.S. Equity Fund (MSTQX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MSTQX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.37 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.78 | -2.92 |
| Martin ratioReturn relative to average drawdown | -0.26 | 12.44 | -12.70 |
Dividends
Dividend History
Morningstar U.S. Equity Fund provided a 0.65% dividend yield over the last twelve months, with an annual payout of $0.08 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.08 | $0.08 | $1.38 | $0.50 | $0.97 | $2.07 | $0.26 | $0.23 | $0.01 |
Dividend yield | 0.65% | 0.69% | 10.80% | 4.21% | 9.79% | 15.98% | 2.15% | 2.04% | 0.17% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.38 | $1.38 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.50 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.97 | $0.97 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.07 | $2.07 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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 12.44%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -36.23%Mar 2020 | 1mo 29d | 7mo 24d | 9mo 23dJan 2020 - Nov 2020 |
Bear market2022 | -23.61%Sep 2022 | 10mo 24d | 1y 2mo | 2y 1moNov 2021 - Dec 2023 |
2026 bear market2026 | -21.58%Mar 2026 | 3mo 15d | — | 6mo 10dDec 2025 - now |
2025 selloff2025 | -20.50%Apr 2025 | 3mo 16d | 4mo 22d | 8mo 8dDec 2024 - Aug 2025 |
Rate-hike selloffLate 2018 | -17.27%Dec 2018 | 1mo 16d | 1mo 28d | 3mo 14dNov 2018 - Feb 2019 |
Drawdown Indicators
| MSTQX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.23% | -56.78% | +20.55% |
Max Drawdown (1Y)Largest decline over 1 year | -21.58% | -9.10% | -12.48% |
Max Drawdown (3Y)Largest decline over 3 years | -21.58% | -18.90% | -2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -23.61% | -25.43% | +1.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -12.44% | -1.80% | -10.64% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -10.71% | +4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.73% | 2.03% | +7.70% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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