SPTNX – SP Funds 2040 Target Date Institutional Investment Strategy | Morningstar

Morningstar

Strategy

The investment seeks a high level of total return through its target date; Thereafter, the fund primarily seeks high current income and secondarily capital appreciation. Under normal conditions, the investment manager allocates the fund’s assets among its target asset classes by investing primarily in a distinctly-weighted combination of other funds (underlying funds), based on each underlying fund’s predominant asset class and strategy. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SPTBX	SP Funds 2040 Target Date Fund Investor Shares	No Load	Open	—	—	Jun 28, 2024	$5.63M	1.320%	High	$250	$2.38M
SPTNX	SP Funds 2040 Target Date Fund Institutional Shares	Institutional	Open	—	—	Aug 29, 2024	$4.78M	0.920%	High	$50,000	$2.93M

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