# EDGAR Filing Document

**Accession Number:** 0000795259
**File Stem:** 0001193125-26-090679
**Filing Date:** 2026-3
**Character Count:** 1005956
**Document Hash:** fc4f8943cb0a0d84dbde33f2d1ed3be7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-090679.hdr.sgml**: 20260304

**ACCESSION NUMBER**: 0001193125-26-090679

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 55

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260304

**DATE AS OF CHANGE**: 20260304

**EFFECTIVENESS DATE**: 20260304

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MoA Funds Corp
- **CENTRAL INDEX KEY:** 0000795259

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05084
- **FILM NUMBER:** 26719987

**BUSINESS ADDRESS:**
- **STREET 1:** 320 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** (212)224-1600

**MAIL ADDRESS:**
- **STREET 1:** 320 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MUTUAL OF AMERICA INVESTMENT CORP
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### MoA Equity Index Fund (Series ID: S000009389)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000025733 | MoA Equity Index Fund |  |

### MoA Moderate Allocation Fund (Series ID: S000009390)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000025734 | MoA Moderate Allocation Fund |  |

### MoA Aggressive Allocation Fund (Series ID: S000009391)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000025735 | MoA Aggressive Allocation Fund |  |

### MoA US Government Money Market Fund (Series ID: S000009392)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000025736 | MoA US Government Money Market Fund |  |

### MoA Intermediate Bond Fund (Series ID: S000009394)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000025738 | MoA Intermediate Bond Fund |  |

### MoA Core Bond Fund (Series ID: S000009395)

| Class ID   | Class Name         | Ticker Symbol   |
|:---|:---|:---|
| C000025739 | MoA Core Bond Fund |  |

### MoA All America Fund (Series ID: S000009396)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000025740 | MoA All America Fund |  |

### MoA Small Cap Value Fund (Series ID: S000009397)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000025741 | MoA Small Cap Value Fund |  |

### MoA Small Cap Growth Fund (Series ID: S000009398)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000025742 | MoA Small Cap Growth Fund |  |

### MoA Mid Cap Value Fund (Series ID: S000009399)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000025743 | MoA Mid Cap Value Fund |  |

### MoA Mid Cap Equity Index Fund (Series ID: S000009400)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000025744 | MoA Mid Cap Equity Index Fund |  |

### MoA Balanced Fund (Series ID: S000009402)

| Class ID   | Class Name        | Ticker Symbol   |
|:---|:---|:---|
| C000025746 | MoA Balanced Fund |  |

### MoA Conservative Allocation Fund (Series ID: S000009403)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000025747 | MoA Conservative Allocation Fund |  |

### MoA Retirement Income Fund (Series ID: S000017196)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000047651 | MoA Retirement Income Fund |  |

### MoA Clear Passage 2020 Fund (Series ID: S000017198)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000047653 | MoA Clear Passage 2020 Fund |  |

### MoA Clear Passage 2025 Fund (Series ID: S000017199)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000047654 | MoA Clear Passage 2025 Fund |  |

### MoA Clear Passage 2030 Fund (Series ID: S000017200)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000047655 | MoA Clear Passage 2030 Fund |  |

### MoA Clear Passage 2035 Fund (Series ID: S000017201)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000047656 | MoA Clear Passage 2035 Fund |  |

### MoA Clear Passage 2040 Fund (Series ID: S000017202)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000047657 | MoA Clear Passage 2040 Fund |  |

### MoA Clear Passage 2045 Fund (Series ID: S000017203)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000047658 | MoA Clear Passage 2045 Fund |  |

### MoA International Fund (Series ID: S000017204)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000047659 | MoA International Fund |  |

### MoA Clear Passage 2050 Fund (Series ID: S000036887)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000112889 | MoA Clear Passage 2050 Fund |  |

### MoA Clear Passage 2055 Fund (Series ID: S000053609)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000168453 | MoA Clear Passage 2055 Fund |  |

### MoA Small Cap Equity Index Fund (Series ID: S000061788)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000200087 | MoA Small Cap Equity Index Fund |  |

### MoA Clear Passage 2060 Fund (Series ID: S000061789)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000200088 | MoA Clear Passage 2060 Fund |  |

### MoA Catholic Values Index Fund (Series ID: S000068380)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000218762 | MoA Catholic Values Index Fund |  |

### MoA Clear Passage 2065 Fund (Series ID: S000068381)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000218763 | MoA Clear Passage 2065 Fund |  |

### MoA Clear Passage 2070 Fund (Series ID: S000091977)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000259883 | MoA Clear Passage 2070 Fund |  |

### MoA Mid Cap Growth Fund (Series ID: S000094842)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000263386 | MoA Mid Cap Growth Fund |  |

?xml version='1.0' encoding='ASCII'? MoA Funds Corporation

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM N-CSR

#### CERTIFIED SHAREHOLDER REPORT OF REGISTERED

#### MANAGEMENT INVESTMENT COMPANIES

#### Investment Company Act file number 811-05084

## MoA Funds Corporation

#### (Exact name of registrant as specified in charter)

#### 320 Park Avenue,

#### New York, NY 10022

#### (Address of principal executive offices) (Zip code)

#### Joseph R. Gaffoglio

#### Chief Executive Officer and Principal Exective Officer

#### MoA Funds Corporation

#### 320 Park Avenue

#### New York, NY 10022

#### (Name and address of agent for service)

#### Registrant's telephone number, including area code: 212-224-1600

#### Date of fiscal year end: December 31

#### Date of reporting period: December 31, 2025

------

#### Item 1. Reports to Stockholders.
(a) The registrant's annual report transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940 is as follows:

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Equity Index Fund

# MAEIX
This Annual Shareholder Report contains important information about the MoA Equity Index Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Equity Index Fund | $15 | 0.14% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 17.68%, compared to 17.88% for the S&P 500<sup>®</sup> Index.

* Performance was primarily driven by favorable economic and market conditions.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence, with market leadership broadening beyond mega-cap technology stocks as the year progressed.

* A long-term view and potential overall portfolio diversification benefits should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g31m27.jpg)

---

| | | |
|:---|:---|:---|
| | **MoA Equity Index Fund** | **S&P 500 Index** |
| **2015** | 10000 | 10000 |
| **2016** | 11178 | 11196 |
| **2017** | 13592 | 13640 |
| **2018** | 13000 | 13042 |
| **2019** | 17053 | 17149 |
| **2020** | 20154 | 20304 |
| **2021** | 25903 | 26132 |
| **2022** | 21175 | 21399 |
| **2023** | 26706 | 27025 |
| **2024** | 33337 | 33786 |
| **2025** | 39232 | 39827 |

---

EQID-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| MoA Equity Index Fund | 17.68% | 14.25% | 14.65% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$6,173,800,926

* Number of Portfolio Holdings511

* Portfolio Turnover Rate2.55%

* Investment Advisory Fees Paid$4,367,760

## What did the Fund invest in?

### Sector Weightings (as a % of Net Assets)

---

| | |
|:---|:---|
| Technology | 32.2% |
| Communications | 16.8% |
| Financial | 14.0% |
| Consumer, Non-cyclical | 13.8% |
| Consumer, Cyclical | 8.1% |
| Industrial | 7.4% |
| Energy | 2.8% |
| Utilities | 2.2% |
| Other | 2.7% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| NVIDIA Corp. | 7.7% |
| Apple, Inc. | 6.8% |
| Microsoft Corp. | 6.1% |
| Alphabet, Inc. | 5.5% |
| Amazon.com, Inc. | 3.8% |
| Broadcom, Inc. | 2.8% |
| Meta Platforms, Inc. | 2.4% |
| Tesla, Inc. | 2.1% |
| Berkshire Hathaway, Inc. | 1.6% |
| JPMorgan Chase & Co. | 1.5% |

---

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Equity Index Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MAEIX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA All America Fund

# MAAKX
This Annual Shareholder Report contains important information about the MoA All America Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA All America Fund | $57 | 0.54% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 11.96%, compared to 17.15% for the Russell 3000<sup>®</sup> Index.

* Performance was primarily driven by favorable economic and market conditions and the strategic allocations of the Fund, a portion of which is actively managed and a portion that is passively managed.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence, with market leadership broadening beyond mega-cap technology stocks as the year progressed.

* A long-term view and potential overall portfolio diversification benefits, which include holding companies of various market capitalizations, should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g70j62.jpg)

---

| | | |
|:---|:---|:---|
| | **MoA All America Fund** | **Russell 3000 Index** |
| **2015** | 10000 | 10000 |
| **2016** | 11138 | 11274 |
| **2017** | 13281 | 13656 |
| **2018** | 12201 | 12940 |
| **2019** | 15637 | 16954 |
| **2020** | 18289 | 20495 |
| **2021** | 23239 | 25754 |
| **2022** | 19126 | 20808 |
| **2023** | 23015 | 26209 |
| **2024** | 27415 | 32448 |
| **2025** | 30694 | 38012 |

---

AMER-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| MoA All America Fund | 11.96% | 10.91% | 11.87% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$296,419,036

* Number of Portfolio Holdings671

* Portfolio Turnover Rate20.64%

* Investment Advisory Fees Paid$1,188,228

## What did the Fund invest in?

### Sector Weightings (as a % of Net Assets)

---

| | |
|:---|:---|
| Technology | 23.0% |
| Financial | 16.8% |
| Consumer, Non-cyclical | 15.8% |
| Industrial | 14.0% |
| Communications | 10.7% |
| Consumer, Cyclical | 8.2% |
| Energy | 3.8% |
| Utilities | 3.6% |
| Basic Materials | 1.8% |
| Other | 2.3% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| NVIDIA Corp. | 4.5% |
| Apple, Inc. | 4.0% |
| Microsoft Corp. | 3.6% |
| Alphabet, Inc. | 3.3% |
| Amazon.com, Inc. | 2.3% |
| Broadcom, Inc. | 1.6% |
| Meta Platforms, Inc. | 1.4% |
| Tesla, Inc. | 1.3% |
| Berkshire Hathaway, Inc. | 0.9% |
| JPMorgan Chase & Co. | 0.9% |

---

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA All America Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MAAKX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Small Cap Value Fund

# MAVKX
This Annual Shareholder Report contains important information about the MoA Small Cap Value Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Small Cap Value Fund | $85 | 0.84% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 2.00%, compared to 12.59% for the Russell 2000<sup>®</sup> Value Index.

* Performance was primarily driven by stock selection.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence. Amid this environment, speculative enthusiasm benefited lower-quality companies more than higher-quality businesses throughout much of the year. In general, smaller capitalization companies responded positively to the Federal Reserve's first rate cut in four years. As the year progressed, market leadership broadened beyond mega-cap technology stocks.

* A long-term view and potential overall portfolio diversification benefits, which include holding smaller market capitalization companies, should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g70d08.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | **MoA Small Cap Value Fund** | **Russell 3000 Index** | **Russell 2000 Value Index** |
| **2015** | 10000 | 10000 | 10000 |
| **2016** | 12005 | 11274 | 13174 |
| **2017** | 13021 | 13656 | 14207 |
| **2018** | 11111 | 12940 | 12379 |
| **2019** | 13204 | 16954 | 15151 |
| **2020** | 12685 | 20495 | 15853 |
| **2021** | 16781 | 25754 | 20335 |
| **2022** | 15133 | 20808 | 17390 |
| **2023** | 16584 | 26209 | 19937 |
| **2024** | 18456 | 32448 | 21543 |
| **2025** | 18825 | 38012 | 24256 |

---

SMVA-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| MoA Small Cap Value Fund | 2.00% | 8.22% | 6.53% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell 2000 Value Index | 12.59% | 8.88% | 9.27% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$366,683,362

* Number of Portfolio Holdings81

* Portfolio Turnover Rate37.96%

* Investment Advisory Fees Paid$2,811,233

## What did the Fund invest in?

### Sector Weightings (as a % of Net Assets)

---

| | |
|:---|:---|
| Financial | 39.6% |
| Industrial | 14.7% |
| Consumer, Non-cyclical | 14.0% |
| Consumer, Cyclical | 7.6% |
| Utilities | 6.1% |
| Energy | 5.9% |
| Basic Materials | 3.8% |
| Technology | 3.0% |
| Communications | 2.3% |
| Other | 3.0% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| American Healthcare REIT, Inc. | 3.1% |
| Mueller Industries, Inc. | 3.1% |
| Telephone and Data Systems, Inc. | 2.3% |
| VSE Corp. | 2.2% |
| Enpro, Inc. | 2.2% |
| UMB Financial Corp. | 2.0% |
| Mercury Systems, Inc. | 2.0% |
| Stock Yards Bancorp, Inc. | 2.0% |
| Hancock Whitney Corp. | 2.0% |
| Janus Henderson Group PLC | 2.0% |

---

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Small Cap Value Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MAVKX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Small Cap Growth Fund

# MAGKX
This Annual Shareholder Report contains important information about the MoA Small Cap Growth Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Small Cap Growth Fund | $87 | 0.84% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 8.52%, compared to 13.01% for the Russell 2000<sup>®</sup> Growth Index.

* Performance was primarily driven by favorable economic and market conditions and stock selection.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence. Amid this environment, speculative enthusiasm benefited lower-quality companies more than higher-quality businesses throughout much of the year. In general, smaller capitalization companies responded positively to the Federal Reserve's first rate cut in four years. As the year progressed, market leadership broadened beyond mega-cap technology stocks.

* A long-term view and potential overall portfolio diversification benefits, which include holding smaller market capitalization companies, should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g98v60.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | **MoA Small Cap Growth Fund** | **Russell 3000 Index** | **Russell 2000 Growth Index** |
| **2015** | 10000 | 10000 | 10000 |
| **2016** | 10814 | 11274 | 11132 |
| **2017** | 13358 | 13656 | 13599 |
| **2018** | 11698 | 12940 | 12334 |
| **2019** | 14804 | 16954 | 15847 |
| **2020** | 21259 | 20495 | 21335 |
| **2021** | 23452 | 25754 | 21939 |
| **2022** | 16809 | 20808 | 16157 |
| **2023** | 19436 | 26209 | 19171 |
| **2024** | 21364 | 32448 | 22077 |
| **2025** | 23184 | 38012 | 24949 |

---

SMGW-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| MoA Small Cap Growth Fund | 8.52% | 1.75% | 8.77% |
| Russell 3000 Index | 17.15% | 13.15% | 14.29% |
| Russell 2000 Growth Index | 13.01% | 3.18% | 9.57% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$425,558,359

* Number of Portfolio Holdings92

* Portfolio Turnover Rate32.89%

* Investment Advisory Fees Paid$3,002,025

## What did the Fund invest in?

### Sector Weightings (as a % of Net Assets)

---

| | |
|:---|:---|
| Industrial | 28.4% |
| Consumer, Non-cyclical | 26.8% |
| Technology | 14.1% |
| Financial | 10.9% |
| Consumer, Cyclical | 7.8% |
| Communications | 3.5% |
| Energy | 3.2% |
| Basic Materials | 2.1% |
| Utilities | 1.4% |
| Other | 1.8% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| ESCO Technologies, Inc. | 2.7% |
| Sterling Infrastructure, Inc. | 2.7% |
| Credo Technology Group Holding Ltd. | 2.6% |
| Fabrinet | 2.3% |
| Federal Signal Corp. | 2.2% |
| Modine Manufacturing Co. | 2.0% |
| Agilysys, Inc. | 1.9% |
| Rambus, Inc. | 1.9% |
| PJT Partners, Inc. | 1.9% |
| Workiva, Inc. | 1.8% |

---

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Small Cap Growth Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MAGKX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Small Cap Equity Index Fund

# MASOX
This Annual Shareholder Report contains important information about the MoA Small Cap Equity Index Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Small Cap Equity Index Fund | $16 | 0.16% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 5.80%, compared to 6.02% for the S&P SmallCap<sup>®</sup> 600 Index.

* Performance was primarily driven by favorable economic and market conditions.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence. Amid this environment, speculative enthusiasm benefited lower-quality companies more than higher-quality businesses throughout much of the year. In general, smaller capitalization companies responded positively to the Federal Reserve's first rate cut in four years. As the year progressed, market leadership broadened beyond mega-cap technology stocks.

* A long-term view and potential overall portfolio diversification benefits, which include holding smaller market capitalization companies, should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g12s97.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | **MoA Small Cap Equity Index Fund** | **S&P 500 Index** | **S&P SmallCap 600 Index** |
| **7/2/18** | 10000 | 10000 | 10000 |
| **2018** | 8368 | 9286 | 8286 |
| **2019** | 10190 | 12210 | 10173 |
| **2020** | 11301 | 14456 | 11322 |
| **2021** | 14303 | 18606 | 14358 |
| **2022** | 11970 | 15236 | 12047 |
| **2023** | 13870 | 19241 | 13980 |
| **2024** | 15055 | 24056 | 15196 |
| **2025** | 15929 | 28357 | 16110 |

---

SMEQ-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **Since Inception 7/2/18** |
| MoA Small Cap Equity Index Fund | 5.80% | 7.11% | 6.41% |
| S&P 500 Index | 17.88% | 14.42% | 14.91% |
| S&P SmallCap 600 Index | 6.02% | 7.31% | 6.57% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$170,481,309

* Number of Portfolio Holdings606

* Portfolio Turnover Rate39.23%

* Investment Advisory Fees Paid$136,005

## What did the Fund invest in?

### Sector Weightings (as a % of Net Assets)

---

| | |
|:---|:---|
| Financial | 26.7% |
| Industrial | 17.6% |
| Consumer, Non-cyclical | 17.4% |
| Consumer, Cyclical | 14.2% |
| Technology | 7.7% |
| Energy | 5.3% |
| Communications | 5.0% |
| Basic Materials | 4.0% |
| Utilities | 2.2% |
| Other | -0.1% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| iShares Core S&P Small-Cap ETF | 1.4% |
| Arrowhead Pharmaceuticals, Inc. | 0.6% |
| Armstrong World Industries, Inc. | 0.6% |
| InterDigital, Inc. | 0.6% |
| Sanmina Corp. | 0.6% |
| CareTrust REIT, Inc. | 0.5% |
| Advanced Energy Industries, Inc. | 0.5% |
| JBT Marel Corp. | 0.5% |
| SiTime Corp. | 0.5% |
| LKQ Corp. | 0.5% |

---

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Small Cap Equity Index Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MASOX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Mid Cap Value Fund

# MAMVX
This Annual Shareholder Report contains important information about the MoA Mid Cap Value Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Mid Cap Value Fund | $70 | 0.69% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 2.48%, compared to 11.05% for the Russell Midcap<sup>®</sup> Value Index.

* Performance was primarily driven by stock selection.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence. Amid this environment, speculative enthusiasm benefited lower-quality companies more than higher-quality businesses throughout much of the year. As the year progressed, market leadership broadened beyond mega-cap technology stocks.

* A long-term view and potential overall portfolio diversification benefits, which include holding mid-sized market capitalization companies, should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g78z70.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | **MoA Mid Cap Value Fund** | **Russell 1000 Index** | **Russell Mid Cap Value Index** |
| **2015** | 10000 | 10000 | 10000 |
| **2016** | 11568 | 11205 | 12000 |
| **2017** | 13304 | 13636 | 13601 |
| **2018** | 11449 | 12983 | 11930 |
| **2019** | 14570 | 17063 | 15158 |
| **2020** | 14947 | 20640 | 15910 |
| **2021** | 20081 | 26101 | 20419 |
| **2022** | 17938 | 21108 | 17962 |
| **2023** | 19187 | 26708 | 20246 |
| **2024** | 21256 | 33255 | 22892 |
| **2025** | 21783 | 39030 | 25421 |

---

MIDVA-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| MoA Mid Cap Value Fund | 2.48% | 7.82% | 8.10% |
| Russell 1000 Index | 17.37% | 13.59% | 14.59% |
| Russell Mid Cap Value Index | 11.05% | 9.83% | 9.78% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$185,295,544

* Number of Portfolio Holdings79

* Portfolio Turnover Rate36.07%

* Investment Advisory Fees Paid$1,061,498

## What did the Fund invest in?

### Sector Weightings (as a % of Net Assets)

---

| | |
|:---|:---|
| Industrial | 27.2% |
| Financial | 23.1% |
| Consumer, Non-cyclical | 15.0% |
| Utilities | 9.9% |
| Energy | 7.5% |
| Consumer, Cyclical | 7.2% |
| Technology | 5.8% |
| Basic Materials | 2.0% |
| Communications | 0.5% |
| Other | 1.8% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| Crown Holdings, Inc. | 2.7% |
| Crane Co. | 2.6% |
| AMETEK, Inc. | 2.5% |
| Evergy, Inc. | 2.4% |
| Entergy Corp. | 2.3% |
| Ameriprise Financial, Inc. | 2.2% |
| Williams Cos., Inc. | 2.2% |
| East West Bancorp, Inc. | 2.2% |
| Teledyne Technologies, Inc. | 2.2% |
| Take-Two Interactive Software, Inc. | 2.1% |

---

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Mid Cap Value Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MAMVX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Mid Cap Growth Fund

# MOAGX
This Annual Shareholder Report contains important information about the MoA Mid Cap Growth Fund (the "Fund") for the period of September 8, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Mid Cap Growth Fund | $19<sup>Footnote Reference(a)</sup> | 0.63%<sup>Footnote Reference(b)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>(a)</sup> | &nbsp;&nbsp;Based on operations from September 8, 2025 (commencement of operations) through December 31, 2025. Had the fund been open the entire reporting period, expenses shown in the table above would have been higher. |
| &nbsp;&nbsp;Footnote<sup>(b)</sup> | &nbsp;&nbsp;Annualized. |

---

## How did the Fund perform in the past 12 months?
* Since its inception on September 8, 2025, through December 31, 2025, the Fund returned -3.73%, compared to -4.48% for the Russell Midcap<sup>®</sup> Growth Index.

* Performance was primarily driven by a short operating period and stock selection.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence. Amid this environment, speculative enthusiasm benefited lower-quality companies more than higher-quality businesses throughout much of the year. As the year progressed, market leadership broadened beyond mega-cap technology stocks.

* A long-term view and potential overall portfolio diversification benefits, which include holding mid-sized market capitalization companies, should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g97j52.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | **MoA Mid Cap Growth Fund** | **Russell 1000 Index** | **Russell Mid Cap Growth Index** |
| **9/8/25** | 10000 | 10000 | 10000 |
| **9/30/2025** | 9960 | 10275 | 9920 |
| **10/31/2025** | 10002 | 10496 | 9892 |
| **11/30/2025** | 9952 | 10522 | 9682 |
| **12/31/25** | 9627 | 10523 | 9552 |

---

MCGF-I-1225

### Average Annual Total Returns

---

| | |
|:---|:---|
| | **Since Inception 9/8/25** |
| MoA Mid Cap Growth Fund | -3.73% |
| Russell 1000 Index | 5.23% |
| Russell Mid Cap Growth Index | -4.48% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$106,483,839

* Number of Portfolio Holdings73

* Portfolio Turnover Rate3.91%

* Investment Advisory Fees Paid$119,140

## What did the Fund invest in?

### Asset Diversification (as a % of Net Assets)

---

| | |
|:---|:---|
| Industrial | 25.1% |
| Consumer, Non-cyclical | 21.1% |
| Consumer, Cyclical | 15.5% |
| Technology | 15.4% |
| Financial | 10.0% |
| Utilities | 4.2% |
| Energy | 2.5% |
| Communications | 2.4% |
| Other | 3.8% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| Vertiv Holdings Co. | 3.2% |
| Hilton Worldwide Holdings, Inc. | 3.1% |
| IDEXX Laboratories, Inc. | 3.1% |
| Howmet Aerospace, Inc. | 2.6% |
| Amphenol Corp. | 2.4% |
| HEICO Corp. | 2.4% |
| Royal Caribbean Cruises Ltd. | 2.4% |
| NRG Energy, Inc. | 2.3% |
| Alnylam Pharmaceuticals, Inc. | 2.2% |
| Ameriprise Financial, Inc. | 2.2% |

---

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Mid Cap Growth Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MOAGX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Mid Cap Equity Index Fund

# MAMEX
This Annual Shareholder Report contains important information about the MoA Mid Cap Equity Index Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Mid Cap Equity Index Fund | $17 | 0.16% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 7.28%, compared to 7.50% for the S&P MidCap 400<sup>®</sup> Index.

* Performance was primarily driven by favorable economic and market conditions.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence. Amid this environment, speculative enthusiasm benefited lower-quality companies more than higher-quality businesses throughout much of the year. As the year progressed, market leadership broadened beyond mega-cap technology stocks.

* A long-term view and potential overall portfolio diversification benefits, which include holding mid-sized market capitalization companies, should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g01n47.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | **MoA Mid Cap Equity Index Fund** | **S&P 500 Index** | **S&P MidCap 400 Index** |
| **2015** | 10000 | 10000 | 10000 |
| **2016** | 12061 | 11196 | 12074 |
| **2017** | 13966 | 13640 | 14035 |
| **2018** | 12396 | 13042 | 12480 |
| **2019** | 15661 | 17149 | 15749 |
| **2020** | 17739 | 20304 | 17900 |
| **2021** | 22104 | 26132 | 22332 |
| **2022** | 19172 | 21399 | 19416 |
| **2023** | 22288 | 27025 | 22607 |
| **2024** | 25358 | 33786 | 25756 |
| **2025** | 27203 | 39827 | 27688 |

---

MIDIN-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| MoA Mid Cap Equity Index Fund | 7.28% | 8.93% | 10.52% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| S&P MidCap 400 Index | 7.50% | 9.12% | 10.72% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$1,331,547,839

* Number of Portfolio Holdings406

* Portfolio Turnover Rate15.18%

* Investment Advisory Fees Paid$1,074,652

## What did the Fund invest in?

### Sector Weightings (as a % of Net Assets)

---

| | |
|:---|:---|
| Industrial | 22.7% |
| Financial | 22.1% |
| Consumer, Non-cyclical | 14.8% |
| Consumer, Cyclical | 13.5% |
| Technology | 10.5% |
| Energy | 4.3% |
| Basic Materials | 4.1% |
| Communications | 3.4% |
| Utilities | 3.2% |
| Other | 1.4% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| Ciena Corp. | 1.0% |
| Coherent Corp. | 0.9% |
| Lumentum Holdings, Inc. | 0.8% |
| Flex Ltd. | 0.7% |
| Twilio, Inc. | 0.7% |
| United Therapeutics Corp. | 0.7% |
| Pure Storage, Inc. | 0.6% |
| Casey's General Stores, Inc. | 0.6% |
| Curtiss-Wright Corp. | 0.6% |
| Illumina, Inc. | 0.6% |

---

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Mid Cap Equity Index Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MAMEX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Balanced Fund

# MACHX
This Annual Shareholder Report contains important information about the MoA Balanced Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Balanced Fund | $62 | 0.56% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 18.82%, compared to 14.02% for the 60% S&P 500 / 40% Bloomberg U.S. Aggregate Bond Index.

* Performance was primarily driven by favorable economic and market conditions and the Fund's strategic allocation which generally includes 60% in equities and 40% in fixed income.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence, with market leadership broadening beyond mega-cap technology stocks as the year progressed.

* Fixed income markets in 2025 were supported by declining short-term interest rates and strong demand for credit, while longer-term yields remained elevated due to lingering inflation and U.S. deficit concerns.

* A long-term view, asset composition and risk characteristics between the Fund and the blended Indices should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g01h93.jpg)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **MoA Balanced Fund** | **S&P 500 Index** | **Bloomberg U.S. Aggregate Bond Index** | **FTSE 3-Month Treasury Bill Index** | **60% S&P 500 Index / 40% Bloomberg U.S. Aggregate Bond Index** |
| **2015** | 10000 | 10000 | 10000 | 10000 | 10000 |
| **2016** | 10799 | 11196 | 10265 | 10027 | 10841 |
| **2017** | 12238 | 13640 | 10628 | 10111 | 12385 |
| **2018** | 11805 | 13042 | 10630 | 10300 | 12103 |
| **2019** | 14150 | 17149 | 11556 | 10532 | 14785 |
| **2020** | 15796 | 20304 | 12424 | 10593 | 17104 |
| **2021** | 18391 | 26132 | 12232 | 10598 | 19822 |
| **2022** | 16188 | 21399 | 10641 | 10757 | 16737 |
| **2023** | 18628 | 27025 | 11229 | 11323 | 19719 |
| **2024** | 21900 | 33786 | 11369 | 11939 | 22705 |
| **2025** | 26021 | 39827 | 12199 | 12464 | 25888 |

---

BAL-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| MoA Balanced Fund | 18.82% | 10.50% | 10.04% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | -0.36% | 2.01% |
| FTSE 3-Month Treasury Bill Index | 4.40% | 3.31% | 2.23% |
| 60% S&P 500 Index / 40% Bloomberg U.S. Aggregate Bond Index | 14.02% | 8.64% | 9.98% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$212,421,334

* Number of Portfolio Holdings405

* Portfolio Turnover Rate30.65%

* Investment Advisory Fees Paid$814,072

## What did the Fund invest in?

### Sector Weightings (as a % of Net Assets)

---

| | |
|:---|:---|
| Technology | 18.5% |
| Consumer, Non-cyclical | 9.1% |
| Financial | 8.6% |
| Communications | 8.0% |
| Industrial | 6.2% |
| Consumer, Cyclical | 4.4% |
| Energy | 2.1% |
| Utilities | 1.6% |
| Basic Materials | 1.5% |
| Other | 40.0% |

---

### Credit Rating Table\*

---

| | |
|:---|:---|
| AAA | 4.0% |
| AA | 20.6% |
| A | 3.9% |
| BBB | 10.6% |
| BB | 0.1% |

---

\* Ratings are based on Standard & Poor's Corporation ratings. Credit Quality ratings reflect the credit quality of the underlying securities in the Fund's portfolio and not that of the Fund itself. Quality ratings are subject to change. Ratings range from AAA as the highest to Below B as the lowest credit quality rating.

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Balanced Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MACHX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA International Fund

# MAIFX
This Annual Shareholder Report contains important information about the MoA International Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA International Fund | $37 | 0.31% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 37.20%, compared to 31.22% for the MSCI EAFE Index.

* Performance was primarily driven by favorable market conditions, stock selection, and geographic allocation.

* International equity markets posted strong overall performance in 2025, driven by expanding valuations, improving investor sentiment, and currency effects.

* A long-term view and potential overall portfolio diversification benefits, which include high-quality companies with varying geographic exposure, should be considered when reviewing the performance of international stocks relative to domestic stocks.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g43c68.jpg)

---

| | | |
|:---|:---|:---|
| | **MoA International Fund** | **MSCI EAFE Index** |
| **2015** | 10000 | 10000 |
| **2016** | 10085 | 10100 |
| **2017** | 12548 | 12628 |
| **2018** | 10980 | 10887 |
| **2019** | 13291 | 13284 |
| **2020** | 14303 | 14322 |
| **2021** | 15787 | 15935 |
| **2022** | 14036 | 13632 |
| **2023** | 16780 | 16118 |
| **2024** | 17650 | 16735 |
| **2025** | 24216 | 21959 |

---

INTL-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| MoA International Fund | 37.20% | 11.10% | 9.25% |
| MSCI EAFE Index | 31.22% | 8.92% | 8.18% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$2,214,397,419

* Number of Portfolio Holdings148

* Portfolio Turnover Rate22.34%

* Investment Advisory Fees Paid$4,884,129

## What did the Fund invest in?

### Sector Weightings (as a % of Net Assets)

---

| | |
|:---|:---|
| Financial | 30.0% |
| Industrial | 17.6% |
| Consumer, Non-cyclical | 17.0% |
| Consumer, Cyclical | 11.2% |
| Technology | 8.3% |
| Communications | 5.0% |
| Energy | 3.3% |
| Basic Materials | 3.1% |
| Utilities | 2.8% |
| Other | 1.7% |

---

### Country Weightings (as a % of Net Assets)

---

| | |
|:---|:---|
| Japan | 21.3% |
| United States | 13.6% |
| United Kingdom | 10.5% |
| Germany | 9.6% |
| France | 8.9% |
| Italy | 5.7% |
| Spain | 5.1% |
| Australia | 4.7% |
| Other Countries | 18.9% |
| Other Assets and Liabilities | 1.7% |

---

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA International Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MAIFX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Catholic Values Index Fund

# MACCX
This Annual Shareholder Report contains important information about the MoA Catholic Values Index Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Catholic Values Index Fund | $25 | 0.23% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 17.33%, compared to 17.52% for the S&P 500<sup>®</sup> Catholic Values Index.

* Performance was primarily driven by favorable economic and market conditions.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence, with market leadership broadening beyond mega-cap technology stocks as the year progressed.

* A long-term view and potential overall portfolio diversification benefits, which include holding companies of various market capitalizations, should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g84o16.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | **MoA Catholic Values Index Fund** | **S&P 500 Index** | **S&P 500 Catholic Values Index** |
| **9/30/20** | 10000 | 10000 | 10000 |
| **2020** | 11212 | 11215 | 11233 |
| **2021** | 14463 | 14434 | 14527 |
| **2022** | 11556 | 11820 | 11639 |
| **2023** | 14603 | 14927 | 14754 |
| **2024** | 17964 | 18662 | 18223 |
| **2025** | 21078 | 21999 | 21415 |

---

CATH-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **Since Inception 9/30/20** |
| MoA Catholic Values Index Fund | 17.33% | 13.46% | 15.25% |
| S&P 500 Index | 17.88% | 14.42% | 16.20% |
| S&P 500 Catholic Values Index | 17.52% | 13.77% | 15.61% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$9,867,708

* Number of Portfolio Holdings448

* Portfolio Turnover Rate23.23%

* Investment Advisory Fees Paid$12,537

## What did the Fund invest in?

### Sector Weightings (as a % of Net Assets)

---

| | |
|:---|:---|
| Technology | 32.5% |
| Communications | 16.9% |
| Financial | 15.5% |
| Consumer, Non-cyclical | 13.2% |
| Consumer, Cyclical | 8.8% |
| Industrial | 6.9% |
| Energy | 2.8% |
| Utilities | 2.2% |
| Basic Materials | 1.2% |
| Other | -% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| NVIDIA Corp. | 8.0% |
| Apple, Inc. | 7.1% |
| Microsoft Corp. | 6.4% |
| Alphabet, Inc. | 5.6% |
| Amazon.com, Inc. | 3.8% |
| Broadcom, Inc. | 2.9% |
| Meta Platforms, Inc. | 2.4% |
| Tesla, Inc. | 2.2% |
| JPMorgan Chase & Co. | 1.7% |
| Global X S&P 500 Catholic Values ETF | 1.6% |

---

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Catholic Values Index Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MACCX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Retirement Income Fund

# MARMX
This Annual Shareholder Report contains important information about the MoA Retirement Income Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

**This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Retirement Income Fund | $28 | 0.27% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 10.53%, compared to 10.05% for the Morningstar Lifetime Allocation Conservative Income Index.

* Performance was primarily driven by favorable economic and market conditions and the Fund's allocation which generally includes 75% in fixed income and 25% in equities.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence, with market leadership broadening beyond mega-cap technology stocks as the year progressed.

* Fixed income markets in 2025 were supported by declining short-term interest rates and strong demand for credit, while longer-term yields remained elevated due to lingering inflation and U.S. deficit concerns.

* A long-term view, asset composition and risk characteristics between the Fund and the Index should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g97g73.jpg)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **MoA Retirement Income Fund** | **S&P 500 Index** | **Bloomberg U.S. Aggregate Bond Index** | **Morningstar Lifetime Allocation Conservative Income Index** |
| **2015** | 10000 | 10000 | 10000 | 10000 |
| **2016** | 10566 | 11196 | 10265 | 10503 |
| **2017** | 11417 | 13640 | 10628 | 11177 |
| **2018** | 11268 | 13042 | 10630 | 11043 |
| **2019** | 12597 | 17149 | 11556 | 12205 |
| **2020** | 13537 | 20304 | 12424 | 13353 |
| **2021** | 14306 | 26132 | 12232 | 14032 |
| **2022** | 12726 | 21399 | 10641 | 12464 |
| **2023** | 13987 | 27025 | 11229 | 13481 |
| **2024** | 14995 | 33786 | 11369 | 14208 |
| **2025** | 16573 | 39827 | 12199 | 15636 |

---

CPRT-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| MoA Retirement Income Fund | 10.53% | 4.13% | 5.18% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | -0.36% | 2.01% |
| Morningstar Lifetime Allocation Conservative Income Index | 10.05% | 3.21% | 4.57% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$298,007,733

* Number of Portfolio Holdings7

* Portfolio Turnover Rate18.89%

* Investment Advisory Fees Paid$133,831

## What did the Fund invest in?

### Asset Diversification (as a % of Net Assets)

---

| | |
|:---|:---|
| Affiliated Mutual Funds | 100.0% |
| Short-Term and Other | 0.0% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| MoA Core Bond Fund | 34.3% |
| MoA Intermediate Bond Fund | 27.6% |
| MoA Equity Index Fund | 22.7% |
| MoA International Fund | 6.0% |
| MoA US Government Money Market Fund | 5.4% |
| MoA Mid Cap Equity Index Fund | 4.0% |

---

## Material Fund Changes
Effective January 1, 2026, Mutual of America will waive the Fund's shareholder service fee of 0.10% of average daily net assets.

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Retirement Income Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MARMX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Clear Passage 2020 Fund

# MURGX
This Annual Shareholder Report contains important information about the MoA Clear Passage 2020 Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

**This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Clear Passage 2020 Fund | $25 | 0.23% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 11.18%, compared to 12.86% for the Morningstar Lifetime Allocation Moderate 2020 Index.

* Performance was primarily driven by favorable economic and market conditions and the Fund's dynamic allocation that adjusts the fixed income and equity holdings over time.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence, with market leadership broadening beyond mega-cap technology stocks as the year progressed.

* Fixed income markets in 2025 were supported by declining short-term interest rates and strong demand for credit, while longer-term yields remained elevated due to lingering inflation and U.S. deficit concerns.

* A long-term view, asset composition and risk characteristics between the Fund and the Index should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g15b65.jpg)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **MoA Clear Passage 2020 Fund** | **S&P 500 Index** | **Bloomberg U.S. Aggregate Bond Index** | **FTSE 3-Month Treasury Bill Index** | **Morningstar Lifetime Allocation Moderate 2020 Index** |
| **2015** | 10000 | 10000 | 10000 | 10000 | 10000 |
| **2016** | 10795 | 11196 | 10265 | 10027 | 10758 |
| **2017** | 12222 | 13640 | 10628 | 10111 | 12125 |
| **2018** | 11630 | 13042 | 10630 | 10300 | 11611 |
| **2019** | 13704 | 17149 | 11556 | 10532 | 13660 |
| **2020** | 14982 | 20304 | 12424 | 10593 | 15468 |
| **2021** | 16451 | 26132 | 12232 | 10598 | 16856 |
| **2022** | 14302 | 21399 | 10641 | 10757 | 14019 |
| **2023** | 15994 | 27025 | 11229 | 11323 | 15593 |
| **2024** | 17291 | 33786 | 11369 | 11939 | 16751 |
| **2025** | 19224 | 39827 | 12199 | 12464 | 18905 |

---

CP2020-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| MoA Clear Passage 2020 Fund | 11.18% | 5.11% | 6.75% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | -0.36% | 2.01% |
| FTSE 3-Month Treasury Bill Index | 4.40% | 3.31% | 2.23% |
| Morningstar Lifetime Allocation Moderate 2020 Index | 12.86% | 4.09% | 6.58% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$407,652,345

* Number of Portfolio Holdings9

* Portfolio Turnover Rate14.83%

* Investment Advisory Fees Paid$214,453

## What did the Fund invest in?

### Asset Diversification (as a % of Net Assets)

---

| | |
|:---|:---|
| Affiliated Mutual Funds | 100.0% |
| Short-Term and Other | 0.0% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| MoA Core Bond Fund | 34.8% |
| MoA Equity Index Fund | 23.1% |
| MoA Intermediate Bond Fund | 22.9% |
| MoA International Fund | 8.5% |
| MoA US Government Money Market Fund | 4.7% |
| MoA Mid Cap Equity Index Fund | 4.3% |
| MoA Small Cap Value Fund | 1.1% |
| MoA Small Cap Growth Fund | 0.6% |
| MoA Small Cap Equity Index Fund | -% |
| MoA Mid Cap Value Fund | -% |

---

## Material Fund Changes
Effective January 1, 2026, Mutual of America will waive the Fund's shareholder service fee of 0.10% of average daily net assets.

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Clear Passage 2020 Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MURGX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Clear Passage 2025 Fund

# MURHX
This Annual Shareholder Report contains important information about the MoA Clear Passage 2025 Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

**This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Clear Passage 2025 Fund | $22 | 0.21% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 12.81%, compared to 13.64% for the Morningstar Lifetime Allocation Moderate 2025 Index.

* Performance was primarily driven by favorable economic and market conditions and the Fund's dynamic allocation that adjusts the equity and fixed income portfolio holdings over time.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence, with market leadership broadening beyond mega-cap technology stocks as the year progressed.

* Fixed income markets in 2025 were supported by declining short-term interest rates and strong demand for credit, while longer-term yields remained elevated due to lingering inflation and U.S. deficit concerns.

* A long-term view, asset composition and risk characteristics between the Fund and the Index should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g53x85.jpg)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **MoA Clear Passage 2025 Fund** | **S&P 500 Index** | **Bloomberg U.S. Aggregate Bond Index** | **FTSE 3-Month Treasury Bill Index** | **Morningstar Lifetime Allocation Moderate 2025 Index** |
| **2015** | 10000 | 10000 | 10000 | 10000 | 10000 |
| **2016** | 10935 | 11196 | 10265 | 10027 | 10829 |
| **2017** | 12542 | 13640 | 10628 | 10111 | 12393 |
| **2018** | 11861 | 13042 | 10630 | 10300 | 11774 |
| **2019** | 14183 | 17149 | 11556 | 10532 | 14041 |
| **2020** | 15693 | 20304 | 12424 | 10593 | 15947 |
| **2021** | 17571 | 26132 | 12232 | 10598 | 17544 |
| **2022** | 15188 | 21399 | 10641 | 10757 | 14447 |
| **2023** | 17253 | 27025 | 11229 | 11323 | 16189 |
| **2024** | 18927 | 33786 | 11369 | 11939 | 17466 |
| **2025** | 21352 | 39827 | 12199 | 12464 | 19848 |

---

CP2025-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| MoA Clear Passage 2025 Fund | 12.81% | 6.35% | 7.88% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | -0.36% | 2.01% |
| FTSE 3-Month Treasury Bill Index | 4.40% | 3.31% | 2.23% |
| Morningstar Lifetime Allocation Moderate 2025 Index | 13.64% | 4.47% | 7.10% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$1,067,045,437

* Number of Portfolio Holdings10

* Portfolio Turnover Rate15.85%

* Investment Advisory Fees Paid$533,946

## What did the Fund invest in?

### Asset Diversification (as a % of Net Assets)

---

| | |
|:---|:---|
| Affiliated Mutual Funds | 100.0% |
| Short-Term and Other | 0.0% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| MoA Core Bond Fund | 32.0% |
| MoA Equity Index Fund | 29.2% |
| MoA Intermediate Bond Fund | 16.6% |
| MoA International Fund | 12.3% |
| MoA Mid Cap Equity Index Fund | 4.6% |
| MoA US Government Money Market Fund | 2.8% |
| MoA Small Cap Value Fund | 1.5% |
| MoA Small Cap Growth Fund | 1.0% |
| MoA Small Cap Equity Index Fund | -% |
| MoA Mid Cap Value Fund | -% |

---

## Material Fund Changes
Effective January 1, 2026, Mutual of America will waive the Fund's shareholder service fee of 0.10% of average daily net assets.

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Clear Passage 2025 Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MURHX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Clear Passage 2030 Fund

# MURIX
This Annual Shareholder Report contains important information about the MoA Clear Passage 2030 Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

**This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Clear Passage 2030 Fund | $22 | 0.20% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 13.85%, compared to 14.69% for the Morningstar Lifetime Allocation Moderate 2030 Index.

* Performance was primarily driven by favorable economic and market conditions and the Fund's dynamic allocation that adjusts the equity and fixed income portfolio holdings over time.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence, with market leadership broadening beyond mega-cap technology stocks as the year progressed.

* Fixed income markets in 2025 were supported by declining short-term interest rates and strong demand for credit, while longer-term yields remained elevated due to lingering inflation and U.S. deficit concerns.

* A long-term view, asset composition and risk characteristics between the Fund and the Index should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g64j08.jpg)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **MoA Clear Passage 2030 Fund** | **S&P 500 Index** | **Bloomberg U.S. Aggregate Bond Index** | **FTSE 3-Month Treasury Bill Index** | **Morningstar Lifetime Allocation Moderate 2030 Index** |
| **2015** | 10000 | 10000 | 10000 | 10000 | 10000 |
| **2016** | 11084 | 11196 | 10265 | 10027 | 10914 |
| **2017** | 12796 | 13640 | 10628 | 10111 | 12711 |
| **2018** | 12024 | 13042 | 10630 | 10300 | 11957 |
| **2019** | 14594 | 17149 | 11556 | 10532 | 14480 |
| **2020** | 16319 | 20304 | 12424 | 10593 | 16446 |
| **2021** | 18814 | 26132 | 12232 | 10598 | 18352 |
| **2022** | 16153 | 21399 | 10641 | 10757 | 15044 |
| **2023** | 18617 | 27025 | 11229 | 11323 | 17031 |
| **2024** | 20695 | 33786 | 11369 | 11939 | 18518 |
| **2025** | 23562 | 39827 | 12199 | 12464 | 21238 |

---

CP2030-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| MoA Clear Passage 2030 Fund | 13.85% | 7.62% | 8.95% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | -0.36% | 2.01% |
| FTSE 3-Month Treasury Bill Index | 4.40% | 3.31% | 2.23% |
| Morningstar Lifetime Allocation Moderate 2030 Index | 14.69% | 5.25% | 7.82% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$1,501,207,115

* Number of Portfolio Holdings10

* Portfolio Turnover Rate19.33%

* Investment Advisory Fees Paid$716,190

## What did the Fund invest in?

### Asset Diversification (as a % of Net Assets)

---

| | |
|:---|:---|
| Affiliated Mutual Funds | 100.0% |
| Short-Term and Other | 0.0% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| MoA Equity Index Fund | 34.1% |
| MoA Core Bond Fund | 26.4% |
| MoA International Fund | 14.3% |
| MoA Intermediate Bond Fund | 12.7% |
| MoA Mid Cap Equity Index Fund | 3.7% |
| MoA US Government Money Market Fund | 2.7% |
| MoA Small Cap Value Fund | 1.9% |
| MoA Mid Cap Value Fund | 1.5% |
| MoA Mid Cap Growth Fund | 1.4% |
| MoA Small Cap Growth Fund | 1.3% |

---

## Material Fund Changes
Effective January 1, 2026, Mutual of America will waive the Fund's shareholder service fee of 0.10% of average daily net assets.

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Clear Passage 2030 Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MURIX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Clear Passage 2035 Fund

# MURJX
This Annual Shareholder Report contains important information about the MoA Clear Passage 2035 Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

**This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Clear Passage 2035 Fund | $22 | 0.20% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 15.32%, compared to 16.15% for the Morningstar Lifetime Allocation Moderate 2035 Index.

* Performance was primarily driven by favorable economic and market conditions and the Fund's dynamic allocation that adjusts the equity and fixed income portfolio holdings over time.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence, with market leadership broadening beyond mega-cap technology stocks as the year progressed.

* Fixed income markets in 2025 were supported by declining short-term interest rates and strong demand for credit, while longer-term yields remained elevated due to lingering inflation and U.S. deficit concerns.

* A long-term view, asset composition and risk characteristics between the Fund and the Index should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g87c38.jpg)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **MoA Clear Passage 2035 Fund** | **S&P 500 Index** | **Bloomberg U.S. Aggregate Bond Index** | **FTSE 3-Month Treasury Bill Index** | **Morningstar Lifetime Allocation Moderate 2035 Index** |
| **2015** | 10000 | 10000 | 10000 | 10000 | 10000 |
| **2016** | 11121 | 11196 | 10265 | 10027 | 10992 |
| **2017** | 13031 | 13640 | 10628 | 10111 | 13011 |
| **2018** | 12059 | 13042 | 10630 | 10300 | 12108 |
| **2019** | 14948 | 17149 | 11556 | 10532 | 14877 |
| **2020** | 16818 | 20304 | 12424 | 10593 | 16846 |
| **2021** | 19818 | 26132 | 12232 | 10598 | 19122 |
| **2022** | 16806 | 21399 | 10641 | 10757 | 15706 |
| **2023** | 19706 | 27025 | 11229 | 11323 | 18013 |
| **2024** | 22278 | 33786 | 11369 | 11939 | 19825 |
| **2025** | 25692 | 39827 | 12199 | 12464 | 23026 |

---

CP2035-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| MoA Clear Passage 2035 Fund | 15.32% | 8.84% | 9.90% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | -0.36% | 2.01% |
| FTSE 3-Month Treasury Bill Index | 4.40% | 3.31% | 2.23% |
| Morningstar Lifetime Allocation Moderate 2035 Index | 16.15% | 6.45% | 8.70% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$1,552,629,486

* Number of Portfolio Holdings11

* Portfolio Turnover Rate18.46%

* Investment Advisory Fees Paid$726,395

## What did the Fund invest in?

### Asset Diversification (as a % of Net Assets)

---

| | |
|:---|:---|
| Affiliated Mutual Funds | 100.0% |
| Short-Term and Other | 0.0% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| MoA Equity Index Fund | 39.0% |
| MoA Core Bond Fund | 21.2% |
| MoA International Fund | 17.5% |
| MoA Intermediate Bond Fund | 8.2% |
| MoA Mid Cap Equity Index Fund | 5.5% |
| MoA US Government Money Market Fund | 2.6% |
| MoA Small Cap Growth Fund | 1.6% |
| MoA Small Cap Value Fund | 1.6% |
| MoA Mid Cap Value Fund | 1.2% |
| MoA Mid Cap Growth Fund | 1.2% |

---

## Material Fund Changes
Effective January 1, 2026, Mutual of America will waive the Fund's shareholder service fee of 0.10% of average daily net assets.

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Clear Passage 2035 Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MURJX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Clear Passage 2040 Fund

# MURLX
This Annual Shareholder Report contains important information about the MoA Clear Passage 2040 Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

**This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Clear Passage 2040 Fund | $22 | 0.20% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 16.95%, compared to 17.85% for the Morningstar Lifetime Allocation Moderate 2040 Index.

* Performance was primarily driven by favorable economic and market conditions and the Fund's dynamic allocation that adjusts the equity and fixed income portfolio holdings over time.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence, with market leadership broadening beyond mega-cap technology stocks as the year progressed.

* Fixed income markets in 2025 were supported by declining short-term interest rates and strong demand for credit, while longer-term yields remained elevated due to lingering inflation and U.S. deficit concerns.

* A long-term view, asset composition and risk characteristics between the Fund and the Index should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g37m41.jpg)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **MoA Clear Passage 2040 Fund** | **S&P 500 Index** | **Bloomberg U.S. Aggregate Bond Index** | **FTSE 3-Month Treasury Bill Index** | **Morningstar Lifetime Allocation Moderate 2040 Index** |
| **2015** | 10000 | 10000 | 10000 | 10000 | 10000 |
| **2016** | 11169 | 11196 | 10265 | 10027 | 11045 |
| **2017** | 13134 | 13640 | 10628 | 10111 | 13220 |
| **2018** | 12027 | 13042 | 10630 | 10300 | 12189 |
| **2019** | 14998 | 17149 | 11556 | 10532 | 15133 |
| **2020** | 16994 | 20304 | 12424 | 10593 | 17091 |
| **2021** | 20374 | 26132 | 12232 | 10598 | 19689 |
| **2022** | 17242 | 21399 | 10641 | 10757 | 16244 |
| **2023** | 20496 | 27025 | 11229 | 11323 | 18870 |
| **2024** | 23437 | 33786 | 11369 | 11939 | 21050 |
| **2025** | 27410 | 39827 | 12199 | 12464 | 24808 |

---

CP2040-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| MoA Clear Passage 2040 Fund | 16.95% | 10.03% | 10.61% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | -0.36% | 2.01% |
| FTSE 3-Month Treasury Bill Index | 4.40% | 3.31% | 2.23% |
| Morningstar Lifetime Allocation Moderate 2040 Index | 17.85% | 7.74% | 9.51% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$1,347,775,212

* Number of Portfolio Holdings10

* Portfolio Turnover Rate17.06%

* Investment Advisory Fees Paid$628,656

## What did the Fund invest in?

### Asset Diversification (as a % of Net Assets)

---

| | |
|:---|:---|
| Affiliated Mutual Funds | 100.0% |
| Short-Term and Other | 0.0% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| MoA Equity Index Fund | 43.1% |
| MoA International Fund | 21.6% |
| MoA Core Bond Fund | 13.6% |
| MoA Mid Cap Equity Index Fund | 7.8% |
| MoA Intermediate Bond Fund | 5.6% |
| MoA US Government Money Market Fund | 1.8% |
| MoA Small Cap Equity Index Fund | 1.7% |
| MoA Small Cap Growth Fund | 1.5% |
| MoA Small Cap Value Fund | 1.5% |
| MoA Mid Cap Value Fund | 0.9% |

---

## Material Fund Changes
Effective January 1, 2026, Mutual of America will waive the Fund's shareholder service fee of 0.10% of average daily net assets.

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Clear Passage 2040 Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MURLX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Clear Passage 2045 Fund

# MURMX
This Annual Shareholder Report contains important information about the MoA Clear Passage 2045 Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

**This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Clear Passage 2045 Fund | $22 | 0.20% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 17.70%, compared to 19.36% for the Morningstar Lifetime Allocation Moderate 2045 Index.

* Performance was primarily driven by favorable economic and market conditions and the Fund's dynamic allocation that adjusts the equity and fixed income portfolio holdings over time.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence, with market leadership broadening beyond mega-cap technology stocks as the year progressed.

* Fixed income markets in 2025 were supported by declining short-term interest rates and strong demand for credit, while longer-term yields remained elevated due to lingering inflation and U.S. deficit concerns.

* A long-term view, asset composition and risk characteristics between the Fund and the Index should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g91g93.jpg)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **MoA Clear Passage 2045 Fund** | **S&P 500 Index** | **Bloomberg U.S. Aggregate Bond Index** | **FTSE 3-Month Treasury Bill Index** | **Morningstar Lifetime Allocation Moderate 2045 Index** |
| **2015** | 10000 | 10000 | 10000 | 10000 | 10000 |
| **2016** | 11184 | 11196 | 10265 | 10027 | 11067 |
| **2017** | 13139 | 13640 | 10628 | 10111 | 13318 |
| **2018** | 11981 | 13042 | 10630 | 10300 | 12210 |
| **2019** | 14951 | 17149 | 11556 | 10532 | 15233 |
| **2020** | 16965 | 20304 | 12424 | 10593 | 17178 |
| **2021** | 20455 | 26132 | 12232 | 10598 | 19960 |
| **2022** | 17267 | 21399 | 10641 | 10757 | 16525 |
| **2023** | 20658 | 27025 | 11229 | 11323 | 19366 |
| **2024** | 23736 | 33786 | 11369 | 11939 | 21823 |
| **2025** | 27936 | 39827 | 12199 | 12464 | 26048 |

---

CP2045-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| MoA Clear Passage 2045 Fund | 17.70% | 10.49% | 10.82% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | -0.36% | 2.01% |
| FTSE 3-Month Treasury Bill Index | 4.40% | 3.31% | 2.23% |
| Morningstar Lifetime Allocation Moderate 2045 Index | 19.36% | 8.68% | 10.05% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$1,401,922,825

* Number of Portfolio Holdings11

* Portfolio Turnover Rate13.10%

* Investment Advisory Fees Paid$648,057

## What did the Fund invest in?

### Asset Diversification (as a % of Net Assets)

---

| | |
|:---|:---|
| Affiliated Mutual Funds | 100.0% |
| Short-Term and Other | 0.0% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| MoA Equity Index Fund | 46.3% |
| MoA International Fund | 23.5% |
| MoA Core Bond Fund | 8.9% |
| MoA Mid Cap Equity Index Fund | 8.7% |
| MoA Intermediate Bond Fund | 3.4% |
| MoA Small Cap Growth Fund | 2.0% |
| MoA Small Cap Equity Index Fund | 1.9% |
| MoA Small Cap Value Fund | 1.8% |
| MoA US Government Money Market Fund | 1.8% |
| MoA Mid Cap Value Fund | 0.9% |

---

## Material Fund Changes
Effective January 1, 2026, Mutual of America will waive the Fund's shareholder service fee of 0.10% of average daily net assets.

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Clear Passage 2045 Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MURMX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Clear Passage 2050 Fund

# MURNX
This Annual Shareholder Report contains important information about the MoA Clear Passage 2050 Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

**This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Clear Passage 2050 Fund | $23 | 0.21% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 17.82%, compared to 20.33% for the Morningstar Lifetime Allocation Moderate 2050 Index.

* Performance was primarily driven by favorable economic and market conditions and the Fund's dynamic allocation that adjusts the equity and fixed income portfolio holdings over time.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence, with market leadership broadening beyond mega-cap technology stocks as the year progressed.

* Fixed income markets in 2025 were supported by declining short-term interest rates and strong demand for credit, while longer-term yields remained elevated due to lingering inflation and U.S. deficit concerns.

* A long-term view, asset composition and risk characteristics between the Fund and the Index should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g14t51.jpg)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **MoA Clear Passage 2050 Fund** | **S&P 500 Index** | **Bloomberg U.S. Aggregate Bond Index** | **FTSE 3-Month Treasury Bill Index** | **Morningstar Lifetime Allocation Moderate 2050 Index** |
| **2015** | 10000 | 10000 | 10000 | 10000 | 10000 |
| **2016** | 11164 | 11196 | 10265 | 10027 | 11071 |
| **2017** | 13194 | 13640 | 10628 | 10111 | 13350 |
| **2018** | 12000 | 13042 | 10630 | 10300 | 12207 |
| **2019** | 15023 | 17149 | 11556 | 10532 | 15241 |
| **2020** | 17009 | 20304 | 12424 | 10593 | 17181 |
| **2021** | 20551 | 26132 | 12232 | 10598 | 20003 |
| **2022** | 17334 | 21399 | 10641 | 10757 | 16589 |
| **2023** | 20789 | 27025 | 11229 | 11323 | 19514 |
| **2024** | 23989 | 33786 | 11369 | 11939 | 22086 |
| **2025** | 28265 | 39827 | 12199 | 12464 | 26575 |

---

CP2050-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| MoA Clear Passage 2050 Fund | 17.82% | 10.69% | 10.95% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | -0.36% | 2.01% |
| FTSE 3-Month Treasury Bill Index | 4.40% | 3.31% | 2.23% |
| Morningstar Lifetime Allocation Moderate 2050 Index | 20.33% | 9.12% | 10.27% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$1,103,902,396

* Number of Portfolio Holdings11

* Portfolio Turnover Rate16.52%

* Investment Advisory Fees Paid$510,871

## What did the Fund invest in?

### Asset Diversification (as a % of Net Assets)

---

| | |
|:---|:---|
| Affiliated Mutual Funds | 100.0% |
| Short-Term and Other | 0.0% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| MoA Equity Index Fund | 47.0% |
| MoA International Fund | 23.7% |
| MoA Mid Cap Equity Index Fund | 8.4% |
| MoA Core Bond Fund | 7.1% |
| MoA Intermediate Bond Fund | 2.4% |
| MoA Small Cap Growth Fund | 2.2% |
| MoA Small Cap Value Fund | 2.1% |
| MoA Small Cap Equity Index Fund | 1.9% |
| MoA Mid Cap Value Fund | 1.8% |
| MoA Mid Cap Growth Fund | 1.7% |

---

## Material Fund Changes
Effective January 1, 2026, Mutual of America will waive the Fund's shareholder service fee of 0.10% of average daily net assets.

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Clear Passage 2050 Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MURNX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Clear Passage 2055 Fund

# MUROX
This Annual Shareholder Report contains important information about the MoA Clear Passage 2055 Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

**This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Clear Passage 2055 Fund | $24 | 0.22% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 18.27%, compared to 20.76% for the Morningstar Lifetime Allocation Moderate 2055 Index.

* Performance was primarily driven by favorable economic and market conditions and the Fund's dynamic allocation that adjusts the equity and fixed income portfolio holdings over time.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence, with market leadership broadening beyond mega-cap technology stocks as the year progressed.

* Fixed income markets in 2025 were supported by declining short-term interest rates and strong demand for credit, while longer-term yields remained elevated due to lingering inflation and U.S. deficit concerns.

* A long-term view, asset composition and risk characteristics between the Fund and the Index should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g16w10.jpg)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **MoA Clear Passage 2055 Fund** | **S&P 500 Index** | **Bloomberg U.S. Aggregate Bond Index** | **FTSE 3-Month Treasury Bill Index** | **Morningstar Lifetime Allocation Moderate 2055 Index** |
| **10/1/16** | 10000 | 10000 | 10000 | 10000 | 10000 |
| **2016** | 10400 | 10325 | 9702 | 10008 | 10163 |
| **2017** | 12300 | 12331 | 10046 | 10092 | 12272 |
| **2018** | 11158 | 11561 | 10047 | 10280 | 11200 |
| **2019** | 13894 | 14900 | 10923 | 10512 | 13980 |
| **2020** | 15845 | 17323 | 11743 | 10573 | 15758 |
| **2021** | 19190 | 21981 | 11562 | 10578 | 18330 |
| **2022** | 16164 | 17708 | 10058 | 10737 | 15197 |
| **2023** | 19394 | 21998 | 10614 | 11301 | 17884 |
| **2024** | 22432 | 27126 | 10746 | 11917 | 20235 |
| **2025** | 26531 | 31571 | 11531 | 12441 | 24434 |

---

CP2055-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **Since Inception 10/1/16** |
| MoA Clear Passage 2055 Fund | 18.27% | 10.86% | 11.13% |
| S&P 500 Index | 17.88% | 14.42% | 15.17% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | -0.36% | 1.55% |
| FTSE 3-Month Treasury Bill Index | 4.40% | 3.31% | 2.39% |
| Morningstar Lifetime Allocation Moderate 2055 Index | 20.76% | 9.17% | 10.14% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$673,194,607

* Number of Portfolio Holdings11

* Portfolio Turnover Rate14.68%

* Investment Advisory Fees Paid$302,106

## What did the Fund invest in?

### Asset Diversification (as a % of Net Assets)

---

| | |
|:---|:---|
| Affiliated Mutual Funds | 100.0% |
| Short-Term and Other | 0.0% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| MoA Equity Index Fund | 48.1% |
| MoA International Fund | 25.2% |
| MoA Mid Cap Equity Index Fund | 9.0% |
| MoA Core Bond Fund | 6.0% |
| MoA Small Cap Growth Fund | 2.3% |
| MoA Small Cap Value Fund | 2.3% |
| MoA Small Cap Equity Index Fund | 1.9% |
| MoA Mid Cap Value Fund | 1.8% |
| MoA Mid Cap Growth Fund | 1.7% |
| MoA US Government Money Market Fund | 0.9% |

---

## Material Fund Changes
Effective January 1, 2026, Mutual of America will waive the Fund's shareholder service fee of 0.10% of average daily net assets.

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Clear Passage 2055 Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MUROX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Clear Passage 2060 Fund

# MURPX
This Annual Shareholder Report contains important information about the MoA Clear Passage 2060 Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

**This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Clear Passage 2060 Fund | $27 | 0.25% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 18.45%, compared to 20.94% for the Morningstar Lifetime Allocation Moderate 2060 Index.

* Performance was primarily driven by favorable economic and market conditions and the Fund's dynamic allocation that adjusts the equity and fixed income portfolio holdings over time.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence, with market leadership broadening beyond mega-cap technology stocks as the year progressed.

* Fixed income markets in 2025 were supported by declining short-term interest rates and strong demand for credit, while longer-term yields remained elevated due to lingering inflation and U.S. deficit concerns.

* A long-term view, asset composition and risk characteristics between the Fund and the Index should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g51d04.jpg)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **MoA Clear Passage 2060 Fund** | **S&P 500 Index** | **Bloomberg U.S. Aggregate Bond Index** | **FTSE 3-Month Treasury Bill Index** | **Morningstar Lifetime Allocation Moderate 2060 Index** |
| **7/2/18** | 10000 | 10000 | 10000 | 10000 | 10000 |
| **2018** | 8900 | 9286 | 10174 | 10107 | 9145 |
| **2019** | 11123 | 12210 | 11061 | 10335 | 11406 |
| **2020** | 12709 | 14456 | 11892 | 10394 | 12854 |
| **2021** | 15454 | 18606 | 11708 | 10399 | 14929 |
| **2022** | 13025 | 15236 | 10185 | 10555 | 12369 |
| **2023** | 15654 | 19241 | 10748 | 11110 | 14551 |
| **2024** | 18117 | 24056 | 10882 | 11716 | 16435 |
| **2025** | 21460 | 28357 | 11677 | 12231 | 19877 |

---

CP2060-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **Since Inception 7/2/18** |
| MoA Clear Passage 2060 Fund | 18.45% | 11.05% | 10.72% |
| S&P 500 Index | 17.88% | 14.42% | 14.91% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | -0.36% | 2.09% |
| FTSE 3-Month Treasury Bill Index | 4.40% | 3.31% | 2.72% |
| Morningstar Lifetime Allocation Moderate 2060 Index | 20.94% | 9.11% | 9.59% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$396,647,756

* Number of Portfolio Holdings11

* Portfolio Turnover Rate14.42%

* Investment Advisory Fees Paid$173,836

## What did the Fund invest in?

### Asset Diversification (as a % of Net Assets)

---

| | |
|:---|:---|
| Affiliated Mutual Funds | 100.0% |
| Short-Term and Other | 0.0% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| MoA Equity Index Fund | 47.0% |
| MoA International Fund | 26.4% |
| MoA Mid Cap Equity Index Fund | 9.5% |
| MoA Core Bond Fund | 4.2% |
| MoA Small Cap Growth Fund | 2.9% |
| MoA Small Cap Value Fund | 2.8% |
| MoA Small Cap Equity Index Fund | 2.0% |
| MoA Mid Cap Value Fund | 2.0% |
| MoA Mid Cap Growth Fund | 1.9% |
| MoA US Government Money Market Fund | 0.8% |

---

## Material Fund Changes
Effective January 1, 2026, Mutual of America will waive the Fund's shareholder service fee of 0.10% of average daily net assets.

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Clear Passage 2060 Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MURPX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Clear Passage 2065 Fund

# MURQX
This Annual Shareholder Report contains important information about the MoA Clear Passage 2065 Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

**This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Clear Passage 2065 Fund | $35 | 0.32% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 18.17%, compared to 21.08% for the Morningstar Lifetime Allocation Moderate 2065 Index.

* Performance was primarily driven by favorable economic and market conditions and the Fund's dynamic allocation that adjusts the equity and fixed income portfolio holdings over time.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence, with market leadership broadening beyond mega-cap technology stocks as the year progressed.

* Fixed income markets in 2025 were supported by declining short-term interest rates and strong demand for credit, while longer-term yields remained elevated due to lingering inflation and U.S. deficit concerns.

* A long-term view, asset composition and risk characteristics between the Fund and the Index should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g93w05.jpg)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **MoA Clear Passage 2065 Fund** | **S&P 500 Index** | **Bloomberg U.S. Aggregate Bond Index** | **FTSE 3-Month Treasury Bill Index** | **Morningstar Lifetime Allocation Moderate 2065 Index** |
| **8/3/20** | 10000 | 10000 | 10000 | 10000 | 10000 |
| **2020** | 11816 | 11481 | 9990 | 10004 | 11768 |
| **2021** | 14383 | 14777 | 9836 | 10009 | 13640 |
| **2022** | 12148 | 12101 | 8556 | 10159 | 11298 |
| **2023** | 14639 | 15282 | 9029 | 10694 | 13280 |
| **2024** | 16983 | 19105 | 9142 | 11276 | 14968 |
| **2025** | 20068 | 22521 | 9810 | 11772 | 18123 |

---

CP2065-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **Since Inception 8/3/20** |
| MoA Clear Passage 2065 Fund | 18.17% | 11.18% | 13.74% |
| S&P 500 Index | 17.88% | 14.42% | 16.19% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | -0.36% | -0.35% |
| FTSE 3-Month Treasury Bill Index | 4.40% | 3.31% | 3.06% |
| Morningstar Lifetime Allocation Moderate 2065 Index | 21.08% | 9.02% | 11.62% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$184,385,550

* Number of Portfolio Holdings11

* Portfolio Turnover Rate12.97%

* Investment Advisory Fees Paid$75,390

## What did the Fund invest in?

### Asset Diversification (as a % of Net Assets)

---

| | |
|:---|:---|
| Affiliated Mutual Funds | 100.0% |
| Short-Term and Other | 0.0% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| MoA Equity Index Fund | 47.0% |
| MoA International Fund | 25.8% |
| MoA Mid Cap Equity Index Fund | 9.2% |
| MoA Core Bond Fund | 3.2% |
| MoA Small Cap Growth Fund | 3.0% |
| MoA Small Cap Value Fund | 3.0% |
| MoA Mid Cap Value Fund | 2.7% |
| MoA Mid Cap Growth Fund | 2.6% |
| MoA Small Cap Equity Index Fund | 2.0% |
| MoA US Government Money Market Fund | 0.8% |

---

## Material Fund Changes
Effective January 1, 2026, Mutual of America will waive the Fund's shareholder service fee of 0.10% of average daily net assets.

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Clear Passage 2065 Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MURQX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Clear Passage 2070 Fund

# MURUX
This Annual Shareholder Report contains important information about the MoA Clear Passage 2070 Fund (the "Fund") for the period of May 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

**This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Clear Passage 2070 Fund | $17<sup>Footnote Reference(a)</sup> | 0.23%<sup>Footnote Reference(b)</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>(a)</sup> | &nbsp;&nbsp;Based on operations from May 1, 2025 (commencement of operations) through December 31, 2025. Had the fund been open the entire reporting period, expenses shown in the table above would have been higher. |
| &nbsp;&nbsp;Footnote<sup>(b)</sup> | &nbsp;&nbsp;Annualized. |

---

## How did the Fund perform in the past 12 months?
* Since its inception on May 1, 2025, through December 31, 2025, the Fund returned 19.49%, compared to 20.77% for the Morningstar Lifetime Allocation Moderate 2070 Index. 

* Performance was primarily driven by favorable economic and market conditions and the Fund's dynamic allocation that adjusts the equity and fixed income portfolio holdings over time.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence, with market leadership broadening beyond mega-cap technology stocks as the year progressed.

* Fixed income markets in 2025 were supported by declining short-term interest rates and strong demand for credit, while longer-term yields remained elevated due to lingering inflation and U.S. deficit concerns.

* A long-term view, asset composition and risk characteristics between the Fund and the Index should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g57u40.jpg)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **MoA Clear Passage 2070 Fund** | **S&P 500 Index** | **Bloomberg U.S. Aggregate Bond Index** | **FTSE 3-Month Treasury Bill Index** | **Morningstar Lifetime Allocation Moderate 2070 Index** |
| **5/1/25** | 10000 | 10000 | 10000 | 10000 | 10000 |
| **5/31/2025** | 10490 | 10563 | 9961 | 10036 | 10495 |
| **6/30/2025** | 10921 | 11100 | 10115 | 10072 | 10929 |
| **7/31/2025** | 11042 | 11349 | 10088 | 10109 | 11047 |
| **8/31/2025** | 11374 | 11579 | 10209 | 10147 | 11364 |
| **9/30/2025** | 11656 | 12002 | 10320 | 10183 | 11712 |
| **10/31/2025** | 11805 | 12283 | 10384 | 10220 | 11916 |
| **11/30/2025** | 11906 | 12313 | 10449 | 10254 | 11963 |
| **12/31/25** | 11949 | 12320 | 10433 | 10288 | 12077 |

---

CP2070-I-1225

### Average Annual Total Returns

---

| | |
|:---|:---|
| | **Since Inception 5/1/25** |
| MoA Clear Passage 2070 Fund | 19.49% |
| S&P 500 Index | 23.20% |
| Bloomberg U.S. Aggregate Bond Index | 4.33% |
| FTSE 3-Month Treasury Bill Index | 2.88% |
| Morningstar Lifetime Allocation Moderate 2070 Index | 20.77% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$4,828,737

* Number of Portfolio Holdings11

* Portfolio Turnover Rate7.53%

* Investment Advisory Fees Paid$777

## What did the Fund invest in?

### Asset Diversification (as a % of Net Assets)

---

| | |
|:---|:---|
| Affiliated Mutual Funds | 100.7% |
| Short-Term and Other | -0.7% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| MoA Equity Index Fund | 45.7% |
| MoA International Fund | 25.5% |
| MoA Mid Cap Equity Index Fund | 11.0% |
| MoA Small Cap Growth Fund | 3.5% |
| MoA Small Cap Value Fund | 3.4% |
| MoA Mid Cap Value Fund | 2.9% |
| MoA Mid Cap Growth Fund | 2.8% |
| MoA Small Cap Equity Index Fund | 2.0% |
| MoA Core Bond Fund | 1.9% |
| MoA Intermediate Bond Fund | 1.0% |

---

## Material Fund Changes
Effective January 1, 2026, Mutual of America will waive the Fund's shareholder service fee of 0.10% of average daily net assets.

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Clear Passage 2070 Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MURUX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Conservative Allocation Fund

# MACAX
This Annual Shareholder Report contains important information about the MoA Conservative Allocation Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Conservative Allocation Fund | $17 | 0.16% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 11.06%, compared to 12.35% for the Morningstar U.S. Moderately Conservative Target Allocation Index.

* Performance was primarily driven by favorable economic and market conditions and the Fund's strategic allocation which generally includes 60% in fixed income and 40% in equities.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence, with market leadership broadening beyond mega-cap technology stocks as the year progressed.

* Fixed income markets in 2025 were supported by declining short-term interest rates and strong demand for credit, while longer-term yields remained elevated due to lingering inflation and U.S. deficit concerns.

* A long-term view, asset composition and risk characteristics between the Fund and the Index should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g34w55.jpg)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **MoA Conservative Allocation Fund** | **S&P 500 Index** | **Bloomberg U.S. Aggregate Bond Index** | **Morningstar U.S. Moderately Conservative Target Allocation Index** |
| **2015** | 10000 | 10000 | 10000 | 10000 |
| **2016** | 10616 | 11196 | 10265 | 10577 |
| **2017** | 11586 | 13640 | 10628 | 11688 |
| **2018** | 11390 | 13042 | 10630 | 11407 |
| **2019** | 12922 | 17149 | 11556 | 13220 |
| **2020** | 14134 | 20304 | 12424 | 14741 |
| **2021** | 15240 | 26132 | 12232 | 15801 |
| **2022** | 13343 | 21399 | 10641 | 13580 |
| **2023** | 14841 | 27025 | 11229 | 15350 |
| **2024** | 16042 | 33786 | 11369 | 16749 |
| **2025** | 17817 | 39827 | 12199 | 18817 |

---

CONAL-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| MoA Conservative Allocation Fund | 11.06% | 4.74% | 5.95% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | -0.36% | 2.01% |
| Morningstar U.S. Moderately Conservative Target Allocation Index | 12.35% | 5.00% | 6.53% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$146,451,024

* Number of Portfolio Holdings6

* Portfolio Turnover Rate16.94%

* Investment Advisory Fees Paid$0

## What did the Fund invest in?

### Asset Diversification (as a % of Net Assets)

---

| | |
|:---|:---|
| Affiliated Mutual Funds | 100.0% |
| Short-Term and Other | 0.0% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| MoA Core Bond Fund | 34.0% |
| MoA Equity Index Fund | 30.2% |
| MoA Intermediate Bond Fund | 20.0% |
| MoA International Fund | 6.2% |
| MoA Mid Cap Equity Index Fund | 5.1% |
| MoA US Government Money Market Fund | 4.5% |

---

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Conservative Allocation Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MACAX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Moderate Allocation Fund

# MAMOX
This Annual Shareholder Report contains important information about the MoA Moderate Allocation Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Moderate Allocation Fund | $9 | 0.08% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 15.40%, compared to 14.60% for the Morningstar U.S. Moderate Target Allocation Index.

* Performance was primarily driven by favorable economic and market conditions and the Fund's strategic allocation which generally includes 60% in equities and 40% in fixed income.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence, with market leadership broadening beyond mega-cap technology stocks as the year progressed.

* Fixed income markets in 2025 were supported by declining short-term interest rates and strong demand for credit, while longer-term yields remained elevated due to lingering inflation and U.S. deficit concerns.

* A long-term view, asset composition and risk characteristics between the Fund and the Index should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g48b09.jpg)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **MoA Moderate Allocation Fund** | **S&P 500 Index** | **Bloomberg U.S. Aggregate Bond Index** | **Morningstar U.S. Moderate Target Allocation Index** |
| **2015** | 10000 | 10000 | 10000 | 10000 |
| **2016** | 10941 | 11196 | 10265 | 10760 |
| **2017** | 12434 | 13640 | 10628 | 12296 |
| **2018** | 11893 | 13042 | 10630 | 11846 |
| **2019** | 14114 | 17149 | 11556 | 14255 |
| **2020** | 15769 | 20304 | 12424 | 16288 |
| **2021** | 18007 | 26132 | 12232 | 18303 |
| **2022** | 15503 | 21399 | 10641 | 15499 |
| **2023** | 17881 | 27025 | 11229 | 18095 |
| **2024** | 19897 | 33786 | 11369 | 20439 |
| **2025** | 22961 | 39827 | 12199 | 23424 |

---

MODAL-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| MoA Moderate Allocation Fund | 15.40% | 7.80% | 8.67% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | -0.36% | 2.01% |
| Morningstar U.S. Moderate Target Allocation Index | 14.60% | 7.54% | 8.88% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$394,597,291

* Number of Portfolio Holdings5

* Portfolio Turnover Rate13.39%

* Investment Advisory Fees Paid$0

## What did the Fund invest in?

### Asset Diversification (as a % of Net Assets)

---

| | |
|:---|:---|
| Affiliated Mutual Funds | 100.0% |
| Short-Term and Other | 0.0% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| MoA Equity Index Fund | 35.9% |
| MoA Core Bond Fund | 24.0% |
| MoA International Fund | 16.1% |
| MoA Intermediate Bond Fund | 14.0% |
| MoA Mid Cap Equity Index Fund | 10.0% |

---

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Moderate Allocation Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MAMOX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Aggressive Allocation Fund

# MAANX
This Annual Shareholder Report contains important information about the MoA Aggressive Allocation Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Aggressive Allocation Fund | $10 | 0.09% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 16.16%, compared to 17.72% for the Morningstar U.S. Moderately Aggressive Target Allocation Index.

* Performance was primarily driven by favorable economic and market conditions and the Fund's strategic allocation which generally includes 80% in equities and 20% in fixed income.

* In 2025, U.S. equity markets were supported by resilient economic growth, easing inflation pressures, and improving investor confidence, with market leadership broadening beyond mega-cap technology stocks as the year progressed.

* Fixed income markets in 2025 were supported by declining short-term interest rates and strong demand for credit, while longer-term yields remained elevated due to lingering inflation and U.S. deficit concerns.

* A long-term view, asset composition and risk characteristics between the Fund and the Index should be considered when reviewing the Fund's performance.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g05d29.jpg)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **MoA Aggressive Allocation Fund** | **S&P 500 Index** | **Bloomberg U.S. Aggregate Bond Index** | **Morningstar U.S. Moderately Aggressive Target Allocation Index** |
| **2015** | 10000 | 10000 | 10000 | 10000 |
| **2016** | 11107 | 11196 | 10265 | 10856 |
| **2017** | 12947 | 13640 | 10628 | 12813 |
| **2018** | 12036 | 13042 | 10630 | 12105 |
| **2019** | 14803 | 17149 | 11556 | 14971 |
| **2020** | 16797 | 20304 | 12424 | 17333 |
| **2021** | 19867 | 26132 | 12232 | 20046 |
| **2022** | 16831 | 21399 | 10641 | 16777 |
| **2023** | 19779 | 27025 | 11229 | 20042 |
| **2024** | 22394 | 33786 | 11369 | 23079 |
| **2025** | 26012 | 39827 | 12199 | 27168 |

---

AGGAL-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| MoA Aggressive Allocation Fund | 16.16% | 9.14% | 10.03% |
| S&P 500 Index | 17.88% | 14.42% | 14.82% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | -0.36% | 2.01% |
| Morningstar U.S. Moderately Aggressive Target Allocation Index | 17.72% | 9.40% | 10.51% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$338,364,604

* Number of Portfolio Holdings7

* Portfolio Turnover Rate13.91%

* Investment Advisory Fees Paid$0

## What did the Fund invest in?

### Asset Diversification (as a % of Net Assets)

---

| | |
|:---|:---|
| Affiliated Mutual Funds | 100.0% |
| Short-Term and Other | 0.0% |

---

### Top 10 Investments (as a % of Net Assets)

---

| | |
|:---|:---|
| MoA Equity Index Fund | 36.2% |
| MoA International Fund | 21.5% |
| MoA Mid Cap Equity Index Fund | 15.6% |
| MoA Core Bond Fund | 13.8% |
| MoA Small Cap Growth Fund | 4.7% |
| MoA Small Cap Value Fund | 4.3% |
| MoA Intermediate Bond Fund | 3.9% |

---

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Aggressive Allocation Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MAANX

![Image](g68230g60g98.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA US Government Money Market Fund

# MAAXX
This Annual Shareholder Report contains important information about the MoA US Government Money Market Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA U.S. Government Money Market Fund | $23 | 0.22% |

---

### Fund Statistics
* Total Net Assets$509,426,350

* Number of Portfolio Holdings24

* Portfolio Turnover Rate0.00%

* Investment Advisory Fees Paid$784,423

## What did the Fund invest in?

### Maturity Weightings (as % of investments)

---

| | |
|:---|:---|
| Less than one month | 29.4% |
| 1-3 Months | 47.3% |
| 3-6 Months | 23.3% |

---

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

![Image](g68230g24z19.jpg)

# MoA US Government Money Market Fund
MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

# MAAXX
![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Intermediate Bond Fund

# MAMBX
This Annual Shareholder Report contains important information about the MoA Intermediate Bond Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

**This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Intermediate Bond Fund | $48 | 0.46% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 6.65%, compared to 6.97% for the Bloomberg U.S. Intermediate Government/Credit Bond Index.

* Performance was primarily driven by favorable economic and market conditions and the Fund's strategic allocations.

* Fixed income markets in 2025 were supported by declining short-term interest rates and strong demand for credit, while longer-term yields remained elevated due to lingering inflation and U.S. deficit concerns.

* A long-term view and the potential benefits of including a portfolio of diversified fixed income securities should be considered when reviewing the performance of various fixed income indices.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g27i87.jpg)

---

| | | | |
|:---|:---|:---|:---|
| | **MoA Intermediate Bond Fund** | **Bloomberg U.S. Aggregate Bond Index** | **Bloomberg U.S. Intermediate Government/Credit Bond Index** |
| **2015** | 10000 | 10000 | 10000 |
| **2016** | 10378 | 10265 | 10208 |
| **2017** | 10620 | 10628 | 10426 |
| **2018** | 10647 | 10630 | 10518 |
| **2019** | 11303 | 11556 | 11233 |
| **2020** | 11911 | 12424 | 11956 |
| **2021** | 11670 | 12232 | 11784 |
| **2022** | 10776 | 10641 | 10813 |
| **2023** | 11274 | 11229 | 11380 |
| **2024** | 11588 | 11369 | 11722 |
| **2025** | 12359 | 12199 | 12538 |

---

INBD-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| MoA Intermediate Bond Fund | 6.65% | 0.74% | 2.14% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | -0.36% | 2.01% |
| Bloomberg U.S. Intermediate Government/Credit Bond Index | 6.97% | 0.96% | 2.29% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$1,060,993,983

* Number of Portfolio Holdings191

* Portfolio Turnover Rate66.41%

* Investment Advisory Fees Paid$3,767,217

## What did the Fund invest in?

### Maturity Weightings (as % of investments)

---

| | |
|:---|:---|
| Less than 1 year | 0.8% |
| 1-3 years | 28.2% |
| 3-5 years | 41.6% |
| 5-10 years | 29.4% |

---

### Credit Rating Table\*

---

| | |
|:---|:---|
| AAA | 1.5% |
| AA | 53.8% |
| A | 10.5% |
| BBB | 34.0% |
| BB | 0.2% |

---

\* Ratings are based on Standard & Poor's Corporation ratings. Credit Quality ratings reflect the credit quality of the underlying securities in the Fund's portfolio and not that of the Fund itself. Quality ratings are subject to change. Ratings range from AAA as the highest to Below B as the lowest credit quality rating.

## Material Fund Changes
Effective September 8, 2025, the Fund's principal investment strategies were revised to allow the Fund to purchase up to 20% of the Fund's total assets in bonds rated below investment grade.

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Intermediate Bond Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MAMBX

![Image](g68230g72n21.jpg)

#### Annual Shareholder Report December 31, 2025

# MoA Core Bond Fund

# MABDX
This Annual Shareholder Report contains important information about the MoA Core Bond Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the fund at https://moafunds.com/docs. You can also request this information by contacting us at 800-914-8716.

**This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last year?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| MoA Core Bond Fund | $46 | 0.44% |

---

## How did the Fund perform in the past 12 months?
* For the year ended December 31, 2025, the Fund returned 7.58%, compared to 7.30% for the Bloomberg U.S. Aggregate Bond Index.

* Performance was primarily driven by favorable economic and market conditions and the Fund's strategic allocations.

* Fixed income markets in 2025 were supported by declining short-term interest rates and strong demand for credit, while longer-term yields remained elevated due to lingering inflation and U.S. deficit concerns.

* A long-term view and the potential benefits of including a portfolio of diversified fixed income securities should be considered when reviewing the performance of various fixed income indices.

## How did the Fund perform over the last 10 years?

### Total Return Based on $10,000 Investment
![A line chart as described in the following paragraph.](g68230g18z24.jpg)

---

| | | |
|:---|:---|:---|
| | **MoA Core Bond Fund** | **Bloomberg U.S. Aggregate Bond Index** |
| **2015** | 10000 | 10000 |
| **2016** | 10437 | 10265 |
| **2017** | 10823 | 10628 |
| **2018** | 10888 | 10630 |
| **2019** | 11718 | 11556 |
| **2020** | 12439 | 12424 |
| **2021** | 12126 | 12232 |
| **2022** | 10583 | 10641 |
| **2023** | 11114 | 11229 |
| **2024** | 11245 | 11369 |
| **2025** | 12097 | 12199 |

---

CORE-I-1225

### Average Annual Total Returns

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| MoA Core Bond Fund | 7.58% | -0.56% | 1.92% |
| Bloomberg U.S. Aggregate Bond Index | 7.30% | -0.36% | 2.01% |

---

The graph above represents historical performance of the hypothetical investment of $10,000 in the Fund over the past ten years (or since inception if shorter). The table above shows changes in the Fund's performance from year to year as compared to the performance of a broad-based, unmanaged index. **A fund's past performance does not necessarily indicate how it will perform in the future.** Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The graph and table presented do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. Updated performance information can be found at https://moafunds.com/resources/pricing-performance.

### Fund Statistics
* Total Net Assets$2,213,315,266

* Number of Portfolio Holdings561

* Portfolio Turnover Rate34.27%

* Investment Advisory Fees Paid$8,689,776

## What did the Fund invest in?

### Maturity Weightings (as % of investments)

---

| | |
|:---|:---|
| Less than 1 year | 0.7% |
| 1-3 years | 6.4% |
| 3-5 years | 23.0% |
| 5-10 years | 27.1% |
| More than 10 years | 42.8% |

---

### Credit Rating Table\*

---

| | |
|:---|:---|
| AAA | 0.1% |
| AA | 57.0% |
| A | 10.9% |
| BBB | 31.7% |
| BB | 0.3% |

---

\* Ratings are based on Standard & Poor's Corporation ratings. Credit Quality ratings reflect the credit quality of the underlying securities in the Fund's portfolio and not that of the Fund itself. Quality ratings are subject to change. Ratings range from AAA as the highest to Below B as the lowest credit quality rating.

## Material Fund Changes
Effective September 8, 2025, the Fund's principal investment strategies were revised to allow the Fund to purchase up to 20% of the Fund's total assets in bonds rated below investment grade.

#### Change in or Disagreements with Accountants
On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

#### Availability of Additional Information
You can access additional information about the Fund, such as the Fund's prospectus, financial information, holdings, and proxy voting information, at https:/moafunds.com/docs.

## Householding
To reduce expenses, the Funds may mail only one copy of the prospectus, and each annual and semiannual Tailored Shareholder report to those addresses shared by two or more accounts. If you would prefer that your documents not be householded, please contact us at 800-914-8716 or contact your financial intermediary.

MoA Core Bond Fund

MoA Funds

320 Park Ave.

New York, NY 10022

![An image of a QR code that, when scanned, navigates the user to the following URL: https://www.moafunds.com/docs](g68230g35y55.jpg)

![Image](g68230g03p88.jpg)

MABDX

------

(b) Not applicable.

#### Item 2. Code of Ethics.
(a) The registrant, as of the end of the period covered by this report, has adopted a code of ethics that applies to the registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party.

(c) There have been no amendments, during the period covered by this report, to a provision of the code of ethics that applies to the registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics description.

(d) The registrant has not, during the period covered by the report, granted any waivers, including an implicit waiver, from a provision of the code of ethics that applies to the registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this item's instructions.

(e) Not applicable.

(f) A copy of the Code of Ethics is filed as an Exhibit.

#### Item 3. Audit Committee Financial Expert.
(a)(1) The registrant's board of directors has determined that the registrant has one audit committee financial expert serving on its audit committee.

(a)(2) The audit committee financial expert is Margaret M. Smyth. Ms. Smyth is considered an independent director.

(a)(3) Not applicable.

------

#### Item 4. Principal Accountant Fees and Services.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Aggregate Audit Fees:

2024: $962,820

2025: $1,062,100

(b), (c), (d) There were no Audit-Related, Tax or Other Fees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) All non-audit fees are pre-approved by the audit committee in advance.

(f), (g), (h), (i), (j) Not applicable.

#### Item 5. Audit Committee of Listed Registrants.
Not applicable.

#### Item 6. Investments.
(a) Not applicable. The complete Schedules of Investments are included as part of Item 7 of this Form.

(b) Not applicable.

#### Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.

------

![LOGO](g68230page1.jpg)

December 31, 2025

## MoA Funds Annual Financial

## Statements and Additional

## Information
Equity Funds

• MoA Equity Index Fund (MAEIX)

• MoA All America Fund (MAAKX)

• MoA Small Cap Value Fund (MAVKX)

• MoA Small Cap Growth Fund (MAGKX)

• MoA Small Cap Equity Index Fund (MASOX)

• MoA Mid Cap Value Fund (MAMVX)

• MoA Mid Cap Growth Fund (MOAGX)

• MoA Mid Cap Equity Index Fund (MAMEX)

• MoA International Fund (MAIFX)

• MoA Catholic Values Index Fund<sup>TM</sup> (MACCX)

Fixed Income Funds

• MoA Intermediate Bond Fund (MAMBX)

• MoA Core Bond Fund<sup>TM</sup> (MABDX)

• MoA US Government Money Market Fund (MAAXX)

Asset Allocation Funds

• MoA Conservative Allocation Fund (MACAX)

• MoA Moderate Allocation Fund (MAMOX)

• MoA Aggressive Allocation Fund (MAANX)

• MoA Balanced Fund (MACHX)

Target Date Funds

• MoA Retirement Income Fund (MARMX)

• MoA Clear Passage 2020 Fund<sup>TM</sup> (MURGX)

• MoA Clear Passage 2025 Fund<sup>TM</sup> (MURHX)

• MoA Clear Passage 2030 Fund<sup>TM</sup> (MURIX)

• MoA Clear Passage 2035 Fund<sup>TM</sup> (MURJX)

• MoA Clear Passage 2040 Fund<sup>TM</sup> (MURLX)

• MoA Clear Passage 2045 Fund<sup>TM</sup> (MURMX)

• MoA Clear Passage 2050 Fund<sup>TM</sup> (MURNX)

• MoA Clear Passage 2055 Fund<sup>TM</sup> (MUROX)

• MoA Clear Passage 2060 Fund<sup>TM</sup> (MURPX)

• MoA Clear Passage 2065 Fund<sup>TM</sup> (MURQX)

• MoA Clear Passage 2070 Fund<sup>TM</sup> (MURUX)

This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. The report is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus. MoA Funds distributed by Foreside Fund Services, LLC.

NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE

MoAFunds.com

------

#### CONTENTS

---

| | |
|:---|:---|
|  | **Page** |
|  **Annual Financial Statements and Additional Information for MoA Funds Corporation** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; [Portfolios of Investments in Securities:](#toc68230_1) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Equity Index Fund](#toc68230_2) | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA All America Fund](#toc68230_3) | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Small Cap Value Fund](#toc68230_4) | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Small Cap Growth Fund](#toc68230_5) | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Small Cap Equity Index Fund](#toc68230_6) | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Mid Cap Value Fund](#toc68230_7) | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Mid Cap Growth Fund](#toc68230_8) | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Mid Cap Equity Index Fund](#toc68230_9) | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Balanced Fund](#toc68230_10) | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA International Fund](#toc68230_11) | 56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Catholic Values Index Fund**<sup>TM</sup>**](#toc68230_12) | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Retirement Income Fund](#toc68230_13) | 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Clear Passage 2020 Fund**<sup>TM</sup>**](#toc68230_14) | 68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Clear Passage 2025 Fund**<sup>TM</sup>**](#toc68230_15) | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Clear Passage 2030 Fund**<sup>TM</sup>**](#toc68230_16) | 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Clear Passage 2035 Fund**<sup>TM</sup>**](#toc68230_17) | 71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Clear Passage 2040 Fund**<sup>TM</sup>**](#toc68230_18) | 72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Clear Passage 2045 Fund**<sup>TM</sup>**](#toc68230_19) | 73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Clear Passage 2050 Fund**<sup>TM</sup>**](#toc68230_20) | 74 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Clear Passage 2055 Fund**<sup>TM</sup>**](#toc68230_21) | 75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Clear Passage 2060 Fund**<sup>TM</sup>**](#toc68230_22) | 76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Clear Passage 2065 Fund**<sup>TM</sup>**](#toc68230_23) | 77 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Clear Passage 2070 Fund**<sup>TM</sup>**](#toc68230_24) | 78 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Conservative Allocation Fund](#toc68230_25) | 79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Moderate Allocation Fund](#toc68230_26) | 80 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Aggressive Allocation Fund](#toc68230_27) | 81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA US Government Money Market Fund](#toc68230_28) | 82 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Intermediate Bond Fund](#toc68230_29) | 84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [MoA Core Bond Fund**<sup>TM</sup>**](#toc68230_30) | 90 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Statements of Assets and Liabilities](#toc68230_31) | 103 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Statements of Operations](#toc68230_32) | 109 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Statements of Changes in Net Assets](#toc68230_33) | 115 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Financial Highlights](#toc68230_34) | 130 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Notes to Financial Statements](#toc68230_35) | 159 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Report of Independent Registered Public Accounting Firm](#toc68230_36) | 196 |
| &nbsp;&nbsp;&nbsp;&nbsp; [Additional Information](#toc68230_37) | 198 |

---

------

#### MoA FUNDS — EQUITY INDEX FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (98.7%):** |  |  |
|  Basic Materials (1.4%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Air Products and Chemicals, Inc. | 23195 | $5729629 |
| &nbsp;&nbsp;&nbsp;&nbsp; Albemarle Corp. | 12267 | 1735044 |
| &nbsp;&nbsp;&nbsp;&nbsp; CF Industries Holdings, Inc. | 16256 | 1257239 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dow, Inc. | 74075 | 1731874 |
| &nbsp;&nbsp;&nbsp;&nbsp; DuPont de Nemours, Inc. | 43665 | 1755333 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ecolab, Inc. | 26567 | 6974369 |
| &nbsp;&nbsp;&nbsp;&nbsp; Freeport-McMoRan, Inc. | 149652 | 7600825 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Flavors & Fragrances, Inc. | 26691 | 1798706 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Paper Co. | 55032 | 2167710 |
| &nbsp;&nbsp;&nbsp;&nbsp; Linde PLC | 48666 | 20750696 |
| &nbsp;&nbsp;&nbsp;&nbsp; LyondellBasell Industries NV Cl A | 26836 | 1161999 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mosaic Co. | 33081 | 796921 |
| &nbsp;&nbsp;&nbsp;&nbsp; Newmont Corp. | 113731 | 11356040 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nucor Corp. | 23852 | 3890500 |
| &nbsp;&nbsp;&nbsp;&nbsp; PPG Industries, Inc. | 23387 | 2396232 |
| &nbsp;&nbsp;&nbsp;&nbsp; Qnity Electronics, Inc. | 21827 | 1782175 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sherwin-Williams Co. | 24027 | 7785469 |
| &nbsp;&nbsp;&nbsp;&nbsp; Steel Dynamics, Inc. | 14307 | 2424321 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;83095082 |
|  Communications (16.8%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Airbnb, Inc. Cl A\* | 44324 | 6015653 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alphabet, Inc. Cl A | 606348 | 189786924 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alphabet, Inc. Cl C | 484622 | 152074384 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amazon.com, Inc.\* | 1013854 | 234017780 |
| &nbsp;&nbsp;&nbsp;&nbsp; AppLovin Corp. Cl A\* | 28211 | 19009136 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arista Networks, Inc.\* | 107618 | 14101187 |
| &nbsp;&nbsp;&nbsp;&nbsp; AT&T, Inc. | 738858 | 18353233 |
| &nbsp;&nbsp;&nbsp;&nbsp; Booking Holdings, Inc. | 3360 | 17993909 |
| &nbsp;&nbsp;&nbsp;&nbsp; CDW Corp. | 13569 | 1848098 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charter Communications, Inc. Cl A\* | 9172 | 1914655 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cisco Systems, Inc. | 410700 | 31636221 |
| &nbsp;&nbsp;&nbsp;&nbsp; Comcast Corp. Cl A | 378780 | 11321734 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corning, Inc. | 81311 | 7119591 |
| &nbsp;&nbsp;&nbsp;&nbsp; DoorDash, Inc. Cl A\* | 38960 | 8823661 |
| &nbsp;&nbsp;&nbsp;&nbsp; eBay, Inc. | 47108 | 4103107 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expedia Group, Inc. | 12195 | 3454965 |
| &nbsp;&nbsp;&nbsp;&nbsp; F5, Inc.\* | 6011 | 1534368 |
| &nbsp;&nbsp;&nbsp;&nbsp; FactSet Research Systems, Inc. | 3904 | 1132902 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fox Corp. Cl A | 21716 | 1586788 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fox Corp. Cl B | 15468 | 1004337 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gen Digital, Inc. | 58489 | 1590316 |
| &nbsp;&nbsp;&nbsp;&nbsp; GoDaddy, Inc. Cl A\* | 14085 | 1747667 |
| &nbsp;&nbsp;&nbsp;&nbsp; Match Group, Inc. | 24604 | 794463 |
| &nbsp;&nbsp;&nbsp;&nbsp; Meta Platforms, Inc. Cl A | 226977 | 149825248 |
| &nbsp;&nbsp;&nbsp;&nbsp; Motorola Solutions, Inc. | 17359 | 6654052 |
| &nbsp;&nbsp;&nbsp;&nbsp; Netflix, Inc.\* | 441611 | 41405447 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Communications (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; News Corp. Cl A | 39029 | $1019437 |
| &nbsp;&nbsp;&nbsp;&nbsp; News Corp. Cl B | 12865 | 381190 |
| &nbsp;&nbsp;&nbsp;&nbsp; Omnicom Group, Inc. | 33244 | 2684453 |
| &nbsp;&nbsp;&nbsp;&nbsp; Palo Alto Networks, Inc.\* | 71284 | 13130513 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paramount Skydance Corp. Cl B | 32389 | 434013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Robinhood Markets, Inc. Cl A\* | 81953 | 9268884 |
| &nbsp;&nbsp;&nbsp;&nbsp; T-Mobile US, Inc. | 50126 | 10177583 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trade Desk, Inc. Cl A\* | 45890 | 1741984 |
| &nbsp;&nbsp;&nbsp;&nbsp; Uber Technologies, Inc.\* | 216550 | 17694300 |
| &nbsp;&nbsp;&nbsp;&nbsp; VeriSign, Inc. | 8696 | 2112693 |
| &nbsp;&nbsp;&nbsp;&nbsp; Verizon Communications, Inc. | 439433 | 17898106 |
| &nbsp;&nbsp;&nbsp;&nbsp; Walt Disney Co. | 186062 | 21168274 |
| &nbsp;&nbsp;&nbsp;&nbsp; Warner Bros Discovery, Inc.\* | 258252 | 7442823 |
|  |  | 1034004079 |
|  Consumer, Cyclical (8.1%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aptiv PLC\* | 22520 | 1713547 |
| &nbsp;&nbsp;&nbsp;&nbsp; AutoZone, Inc.\* | 1734 | 5880861 |
| &nbsp;&nbsp;&nbsp;&nbsp; Best Buy Co., Inc. | 20364 | 1362962 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carnival Corp.\* | 113163 | 3455998 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carvana Co.\* | 14738 | 6219731 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chipotle Mexican Grill, Inc.\* | 137807 | 5098859 |
| &nbsp;&nbsp;&nbsp;&nbsp; Copart, Inc.\* | 92797 | 3633003 |
| &nbsp;&nbsp;&nbsp;&nbsp; Costco Wholesale Corp. | 46188 | 39829760 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cummins, Inc. | 14386 | 7343334 |
| &nbsp;&nbsp;&nbsp;&nbsp; Darden Restaurants, Inc. | 12123 | 2230874 |
| &nbsp;&nbsp;&nbsp;&nbsp; Deckers Outdoor Corp.\* | 15190 | 1574747 |
| &nbsp;&nbsp;&nbsp;&nbsp; Delta Air Lines, Inc. | 67601 | 4691509 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dollar General Corp. | 22940 | 3045744 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dollar Tree, Inc.\* | 19770 | 2431908 |
| &nbsp;&nbsp;&nbsp;&nbsp; Domino's Pizza, Inc. | 3240 | 1350497 |
| &nbsp;&nbsp;&nbsp;&nbsp; DR Horton, Inc. | 28542 | 4110904 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fastenal Co. | 119647 | 4801434 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ford Motor Co. | 407877 | 5351346 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Motors Co. | 97223 | 7906174 |
| &nbsp;&nbsp;&nbsp;&nbsp; Genuine Parts Co. | 14499 | 1782797 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hasbro, Inc. | 13894 | 1139308 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hilton Worldwide Holdings, Inc. | 24225 | 6958631 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Depot, Inc. | 103738 | 35696246 |
| &nbsp;&nbsp;&nbsp;&nbsp; Las Vegas Sands Corp. | 31709 | 2063939 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lennar Corp. Cl A | 22486 | 2311561 |
| &nbsp;&nbsp;&nbsp;&nbsp; Live Nation Entertainment, Inc.\* | 16456 | 2344980 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lowe's Cos., Inc. | 58448 | 14095320 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lululemon Athletica, Inc.\* | 11247 | 2337239 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marriott International, Inc. Cl A | 23213 | 7201601 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — EQUITY INDEX FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Consumer, Cyclical (Continued) | Consumer, Cyclical (Continued) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; McDonald's Corp. | 74221 | $&nbsp;&nbsp;&nbsp;&nbsp;22684164 |
| &nbsp;&nbsp;&nbsp;&nbsp; MGM Resorts International\* | 21378 | 780083 |
| &nbsp;&nbsp;&nbsp;&nbsp; NIKE, Inc. Cl B | 123949 | 7896791 |
| &nbsp;&nbsp;&nbsp;&nbsp; Norwegian Cruise Line Holdings Ltd.\* | 47446 | 1058995 |
| &nbsp;&nbsp;&nbsp;&nbsp; NVR, Inc.\* | 296 | 2158660 |
| &nbsp;&nbsp;&nbsp;&nbsp; O'Reilly Automotive, Inc.\* | 87972 | 8023926 |
| &nbsp;&nbsp;&nbsp;&nbsp; PACCAR, Inc. | 54737 | 5994249 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pool Corp. | 3417 | 781639 |
| &nbsp;&nbsp;&nbsp;&nbsp; PulteGroup, Inc. | 20315 | 2382137 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ralph Lauren Corp. | 4039 | 1428231 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ross Stores, Inc. | 33895 | 6105845 |
| &nbsp;&nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd. | 26432 | 7372413 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southwest Airlines Co. | 53898 | 2227604 |
| &nbsp;&nbsp;&nbsp;&nbsp; Starbucks Corp. | 118487 | 9977790 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tapestry, Inc. | 21329 | 2725206 |
| &nbsp;&nbsp;&nbsp;&nbsp; Target Corp. | 47358 | 4629244 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tesla, Inc.\* | 292850 | 131700502 |
| &nbsp;&nbsp;&nbsp;&nbsp; TJX Cos., Inc. | 115990 | 17817224 |
| &nbsp;&nbsp;&nbsp;&nbsp; TKO Group Holdings, Inc. | 6910 | 1444190 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tractor Supply Co. | 55070 | 2754051 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ulta Beauty, Inc.\* | 4673 | 2827212 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Airlines Holdings, Inc.\* | 33740 | 3772807 |
| &nbsp;&nbsp;&nbsp;&nbsp; Walmart, Inc. | 457009 | 50915373 |
| &nbsp;&nbsp;&nbsp;&nbsp; Williams-Sonoma, Inc. | 12693 | 2266843 |
| &nbsp;&nbsp;&nbsp;&nbsp; WW Grainger, Inc. | 4560 | 4601268 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wynn Resorts Ltd. | 8799 | 1058784 |
| &nbsp;&nbsp;&nbsp;&nbsp; Yum! Brands, Inc. | 28936 | 4377438 |
|  |  | 497727483 |
|  Consumer, Non-cyclical (13.8%) | Consumer, Non-cyclical (13.8%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Abbott Laboratories | 181224 | 22705555 |
| &nbsp;&nbsp;&nbsp;&nbsp; AbbVie, Inc. | 184195 | 42086716 |
| &nbsp;&nbsp;&nbsp;&nbsp; Agilent Technologies, Inc. | 29547 | 4020460 |
| &nbsp;&nbsp;&nbsp;&nbsp; Align Technology, Inc.\* | 6955 | 1086023 |
| &nbsp;&nbsp;&nbsp;&nbsp; Altria Group, Inc. | 174950 | 10087617 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amgen, Inc. | 56121 | 18368964 |
| &nbsp;&nbsp;&nbsp;&nbsp; Archer-Daniels-Midland Co. | 50085 | 2879387 |
| &nbsp;&nbsp;&nbsp;&nbsp; Automatic Data Processing, Inc. | 42152 | 10842759 |
| &nbsp;&nbsp;&nbsp;&nbsp; Avery Dennison Corp. | 8056 | 1465225 |
| &nbsp;&nbsp;&nbsp;&nbsp; Baxter International, Inc. | 53574 | 1023799 |
| &nbsp;&nbsp;&nbsp;&nbsp; Becton Dickinson & Co. | 29873 | 5797453 |
| &nbsp;&nbsp;&nbsp;&nbsp; Biogen, Inc.\* | 15289 | 2690711 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bio-Techne Corp. | 16239 | 955016 |
| &nbsp;&nbsp;&nbsp;&nbsp; Block, Inc.\* | 57078 | 3715207 |
| &nbsp;&nbsp;&nbsp;&nbsp; Boston Scientific Corp.\* | 154498 | 14731384 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bristol-Myers Squibb Co. | 212165 | 11444180 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brown-Forman Corp. Cl B | 18353 | 478279 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Consumer, Non-cyclical (Continued) | Consumer, Non-cyclical (Continued) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Bunge Global S.A. | 14107 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1256652 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cardinal Health, Inc. | 24762 | 5088591 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cencora, Inc. | 20206 | 6824576 |
| &nbsp;&nbsp;&nbsp;&nbsp; Centene Corp.\* | 48664 | 2002524 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charles River Laboratories International, Inc.\* | 5130 | 1023332 |
| &nbsp;&nbsp;&nbsp;&nbsp; Church & Dwight Co., Inc. | 25027 | 2098514 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cigna Group | 27839 | 7662128 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cintas Corp. | 35600 | 6695292 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clorox Co. | 12713 | 1281852 |
| &nbsp;&nbsp;&nbsp;&nbsp; Coca-Cola Co. | 403480 | 28207287 |
| &nbsp;&nbsp;&nbsp;&nbsp; Colgate-Palmolive Co. | 84008 | 6638312 |
| &nbsp;&nbsp;&nbsp;&nbsp; Conagra Brands, Inc. | 49854 | 862973 |
| &nbsp;&nbsp;&nbsp;&nbsp; Constellation Brands, Inc. Cl A | 14693 | 2027046 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cooper Cos., Inc.\* | 20720 | 1698211 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corpay, Inc.\* | 7291 | 2194081 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corteva, Inc. | 70425 | 4720588 |
| &nbsp;&nbsp;&nbsp;&nbsp; CVS Health Corp. | 132299 | 10499249 |
| &nbsp;&nbsp;&nbsp;&nbsp; Danaher Corp. | 65518 | 14998381 |
| &nbsp;&nbsp;&nbsp;&nbsp; DaVita, Inc.\* | 3679 | 417971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dexcom, Inc.\* | 40648 | 2697808 |
| &nbsp;&nbsp;&nbsp;&nbsp; Edwards Lifesciences Corp.\* | 60479 | 5155835 |
| &nbsp;&nbsp;&nbsp;&nbsp; Elevance Health, Inc. | 23162 | 8119439 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eli Lilly & Co. | 82763 | 88943741 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equifax, Inc. | 12756 | 2767797 |
| &nbsp;&nbsp;&nbsp;&nbsp; Estee Lauder Cos., Inc. Cl A | 25623 | 2683241 |
| &nbsp;&nbsp;&nbsp;&nbsp; GE HealthCare Technologies, Inc. | 47475 | 3893899 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Mills, Inc. | 55593 | 2585074 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gilead Sciences, Inc. | 129303 | 15870650 |
| &nbsp;&nbsp;&nbsp;&nbsp; Global Payments, Inc. | 24674 | 1909768 |
| &nbsp;&nbsp;&nbsp;&nbsp; HCA Healthcare, Inc. | 16648 | 7772285 |
| &nbsp;&nbsp;&nbsp;&nbsp; Henry Schein, Inc.\* | 10429 | 788224 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hershey Co. | 15442 | 2810135 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hologic, Inc.\* | 23195 | 1727796 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hormel Foods Corp. | 30380 | 720006 |
| &nbsp;&nbsp;&nbsp;&nbsp; Humana, Inc. | 12535 | 3210590 |
| &nbsp;&nbsp;&nbsp;&nbsp; IDEXX Laboratories, Inc.\* | 8323 | 5630759 |
| &nbsp;&nbsp;&nbsp;&nbsp; Incyte Corp.\* | 17186 | 1697461 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insulet Corp.\* | 7332 | 2084048 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intuitive Surgical, Inc.\* | 36946 | 20924737 |
| &nbsp;&nbsp;&nbsp;&nbsp; IQVIA Holdings, Inc.\* | 17748 | 4000577 |
| &nbsp;&nbsp;&nbsp;&nbsp; J M Smucker Co. | 11119 | 1087549 |
| &nbsp;&nbsp;&nbsp;&nbsp; Johnson & Johnson | 251094 | 51963903 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kenvue, Inc. | 199664 | 3444204 |
| &nbsp;&nbsp;&nbsp;&nbsp; Keurig Dr Pepper, Inc. | 141591 | 3965964 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kimberly-Clark Corp. | 34586 | 3489381 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kraft Heinz Co. | 88820 | 2153885 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — EQUITY INDEX FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Consumer, Non-cyclical (Continued) | Consumer, Non-cyclical (Continued) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Kroger Co. | 63538 | $3969854 |
| &nbsp;&nbsp;&nbsp;&nbsp; Labcorp Holdings, Inc. | 8640 | 2167603 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lamb Weston Holdings, Inc. | 14524 | 608410 |
| &nbsp;&nbsp;&nbsp;&nbsp; McCormick & Co., Inc. | 26392 | 1797559 |
| &nbsp;&nbsp;&nbsp;&nbsp; McKesson Corp. | 12864 | &nbsp;&nbsp;&nbsp;&nbsp;10552211 |
| &nbsp;&nbsp;&nbsp;&nbsp; Medtronic PLC. | 133673 | 12840628 |
| &nbsp;&nbsp;&nbsp;&nbsp; Merck & Co., Inc. | 258675 | 27228130 |
| &nbsp;&nbsp;&nbsp;&nbsp; Moderna, Inc.\* | 36237 | 1068629 |
| &nbsp;&nbsp;&nbsp;&nbsp; Molina Healthcare, Inc.\* | 5357 | 929654 |
| &nbsp;&nbsp;&nbsp;&nbsp; Molson Coors Beverage Co. Cl B | 17645 | 823669 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mondelez International, Inc. Cl A | 134481 | 7239112 |
| &nbsp;&nbsp;&nbsp;&nbsp; Monster Beverage Corp.\* | 74331 | 5698958 |
| &nbsp;&nbsp;&nbsp;&nbsp; Moody's Corp. | 15990 | 8168491 |
| &nbsp;&nbsp;&nbsp;&nbsp; PayPal Holdings, Inc. | 97513 | 5692809 |
| &nbsp;&nbsp;&nbsp;&nbsp; PepsiCo, Inc. | 142504 | 20452174 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pfizer, Inc. | 592561 | 14754769 |
| &nbsp;&nbsp;&nbsp;&nbsp; Philip Morris International, Inc. | 162232 | 26022013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Procter & Gamble Co. | 243533 | 34900714 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quanta Services, Inc. | 15540 | 6558812 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quest Diagnostics, Inc. | 11594 | 2011907 |
| &nbsp;&nbsp;&nbsp;&nbsp; Regeneron Pharmaceuticals, Inc. | 10504 | 8107722 |
| &nbsp;&nbsp;&nbsp;&nbsp; ResMed, Inc. | 15213 | 3664355 |
| &nbsp;&nbsp;&nbsp;&nbsp; Revvity, Inc. | 11816 | 1143198 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rollins, Inc. | 30589 | 1835952 |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P Global, Inc. | 32308 | 16883838 |
| &nbsp;&nbsp;&nbsp;&nbsp; Solventum Corp.\* | 15365 | 1217523 |
| &nbsp;&nbsp;&nbsp;&nbsp; STERIS PLC | 10229 | 2593256 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stryker Corp. | 35870 | 12607229 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sysco Corp. | 49906 | 3677573 |
| &nbsp;&nbsp;&nbsp;&nbsp; The Campbell's Company | 20478 | 570722 |
| &nbsp;&nbsp;&nbsp;&nbsp; Thermo Fisher Scientific, Inc. | 39157 | 22689524 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tyson Foods, Inc. Cl A | 29499 | 1729231 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Rentals, Inc. | 6632 | 5367410 |
| &nbsp;&nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc. | 94406 | 31164365 |
| &nbsp;&nbsp;&nbsp;&nbsp; Universal Health Services, Inc. Cl B | 5757 | 1255141 |
| &nbsp;&nbsp;&nbsp;&nbsp; Verisk Analytics, Inc. | 14526 | 3249321 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vertex Pharmaceuticals, Inc.\* | 26443 | 11988198 |
| &nbsp;&nbsp;&nbsp;&nbsp; Viatris, Inc. | 120037 | 1494461 |
| &nbsp;&nbsp;&nbsp;&nbsp; Waters Corp.\* | 6205 | 2356845 |
| &nbsp;&nbsp;&nbsp;&nbsp; West Pharmaceutical Services, Inc. | 7497 | 2062725 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zimmer Biomet Holdings, Inc. | 20654 | 1857208 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Consumer, Non-cyclical (Continued) | Consumer, Non-cyclical (Continued) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zoetis, Inc. | 45929 | $5778787 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;849455741 |
|  Energy (2.8%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; APA Corp. | 36964 | 904139 |
| &nbsp;&nbsp;&nbsp;&nbsp; Baker Hughes Co. | 102840 | 4683334 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chevron Corp. | 197257 | 30063939 |
| &nbsp;&nbsp;&nbsp;&nbsp; ConocoPhillips | 128786 | 12055657 |
| &nbsp;&nbsp;&nbsp;&nbsp; Coterra Energy, Inc. | 79351 | 2088518 |
| &nbsp;&nbsp;&nbsp;&nbsp; Devon Energy Corp. | 65377 | 2394760 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diamondback Energy, Inc. | 19410 | 2917905 |
| &nbsp;&nbsp;&nbsp;&nbsp; EOG Resources, Inc. | 56550 | 5938316 |
| &nbsp;&nbsp;&nbsp;&nbsp; EQT Corp. | 65040 | 3486144 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expand Energy Corp. | 24822 | 2739356 |
| &nbsp;&nbsp;&nbsp;&nbsp; Exxon Mobil Corp. | 439510 | 52890633 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Solar, Inc.\* | 11183 | 2921335 |
| &nbsp;&nbsp;&nbsp;&nbsp; Halliburton Co. | 87714 | 2478798 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kinder Morgan, Inc. | 204039 | 5609032 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marathon Petroleum Corp. | 31329 | 5095035 |
| &nbsp;&nbsp;&nbsp;&nbsp; Occidental Petroleum Corp. | 74954 | 3082109 |
| &nbsp;&nbsp;&nbsp;&nbsp; ONEOK, Inc. | 65579 | 4820057 |
| &nbsp;&nbsp;&nbsp;&nbsp; Phillips 66 | 41993 | 5418777 |
| &nbsp;&nbsp;&nbsp;&nbsp; SLB Ltd. | 155695 | 5975574 |
| &nbsp;&nbsp;&nbsp;&nbsp; Targa Resources Corp. | 22372 | 4127634 |
| &nbsp;&nbsp;&nbsp;&nbsp; Texas Pacific Land Corp. | 6036 | 1733660 |
| &nbsp;&nbsp;&nbsp;&nbsp; Valero Energy Corp. | 31788 | 5174769 |
| &nbsp;&nbsp;&nbsp;&nbsp; Williams Cos., Inc. | 127275 | 7650500 |
|  |  | 174249981 |
|  Financial (14.0%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aflac, Inc. | 49161 | 5420983 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alexandria Real Estate Equities, Inc. | 16211 | 793366 |
| &nbsp;&nbsp;&nbsp;&nbsp; Allstate Corp. | 27273 | 5676875 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Express Co. | 55998 | 20716460 |
| &nbsp;&nbsp;&nbsp;&nbsp; American International Group, Inc. | 56235 | 4810904 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Tower Corp. | 48790 | 8566060 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ameriprise Financial, Inc. | 9683 | 4747962 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aon PLC Cl A | 22401 | 7904865 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apollo Global Management, Inc. | 48393 | 7005371 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arch Capital Group Ltd.\* | 37634 | 3609853 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ares Management Corp. Cl A | 21470 | 3470196 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arthur J Gallagher & Co. | 26764 | 6926256 |
| &nbsp;&nbsp;&nbsp;&nbsp; Assurant, Inc. | 5220 | 1257237 |
| &nbsp;&nbsp;&nbsp;&nbsp; AvalonBay Communities, Inc. | 14740 | 2672509 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of America Corp. | 700176 | 38509680 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — EQUITY INDEX FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Financial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp. | 72678 | $8437189 |
| &nbsp;&nbsp;&nbsp;&nbsp; Berkshire Hathaway, Inc. Cl B\* | 191111 | &nbsp;&nbsp;&nbsp;&nbsp;96061944 |
| &nbsp;&nbsp;&nbsp;&nbsp; Blackrock, Inc. | 15037 | 16094703 |
| &nbsp;&nbsp;&nbsp;&nbsp; Blackstone, Inc. | 76960 | 11862614 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brown & Brown, Inc. | 30601 | 2438900 |
| &nbsp;&nbsp;&nbsp;&nbsp; BXP, Inc. | 15359 | 1036425 |
| &nbsp;&nbsp;&nbsp;&nbsp; Camden Property Trust | 11089 | 1220677 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital One Financial Corp. | 66256 | 16057804 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cboe Global Markets, Inc. | 10906 | 2737406 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBRE Group, Inc. Cl A\* | 30551 | 4912295 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charles Schwab Corp. | 174080 | 17392333 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chubb Ltd. | 38145 | 11905817 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cincinnati Financial Corp. | 16261 | 2655746 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citigroup, Inc. | 186480 | 21760351 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citizens Financial Group, Inc. | 44761 | 2614490 |
| &nbsp;&nbsp;&nbsp;&nbsp; CME Group, Inc. | 37581 | 10262619 |
| &nbsp;&nbsp;&nbsp;&nbsp; Coinbase Global, Inc. Cl A\* | 23778 | 5377157 |
| &nbsp;&nbsp;&nbsp;&nbsp; CoStar Group, Inc.\* | 44170 | 2969991 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crown Castle, Inc. | 45386 | 4033454 |
| &nbsp;&nbsp;&nbsp;&nbsp; Digital Realty Trust, Inc. | 33651 | 5206146 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equinix, Inc. | 10232 | 7839349 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity Residential | 36085 | 2274798 |
| &nbsp;&nbsp;&nbsp;&nbsp; Erie Indemnity Co. Cl A | 2648 | 759049 |
| &nbsp;&nbsp;&nbsp;&nbsp; Essex Property Trust, Inc. | 6713 | 1756658 |
| &nbsp;&nbsp;&nbsp;&nbsp; Everest Group Ltd. | 4374 | 1484317 |
| &nbsp;&nbsp;&nbsp;&nbsp; Extra Space Storage, Inc. | 22121 | 2880597 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Realty Investment Trust | 8182 | 824746 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fifth Third Bancorp | 68891 | 3224788 |
| &nbsp;&nbsp;&nbsp;&nbsp; Franklin Resources, Inc. | 32034 | 765292 |
| &nbsp;&nbsp;&nbsp;&nbsp; Globe Life, Inc. | 8297 | 1160418 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. | 31259 | 27476661 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hartford Insurance Group, Inc. | 29041 | 4001850 |
| &nbsp;&nbsp;&nbsp;&nbsp; Healthpeak Properties, Inc. | 72428 | 1164642 |
| &nbsp;&nbsp;&nbsp;&nbsp; Host Hotels & Resorts, Inc. | 66654 | 1181775 |
| &nbsp;&nbsp;&nbsp;&nbsp; Huntington Bancshares, Inc. | 163852 | 2842832 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interactive Brokers Group, Inc. Cl A | 46416 | 2985013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intercontinental Exchange, Inc. | 59424 | 9624311 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco Ltd. | 46388 | 1218613 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invitation Homes, Inc. | 58778 | 1633441 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Financial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Iron Mountain, Inc. | 30806 | $2555358 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. | 283713 | &nbsp;&nbsp;&nbsp;&nbsp;91418003 |
| &nbsp;&nbsp;&nbsp;&nbsp; KeyCorp | 96818 | 1998324 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kimco Realty Corp. | 70577 | 1430596 |
| &nbsp;&nbsp;&nbsp;&nbsp; KKR & Co., Inc. | 71530 | 9118644 |
| &nbsp;&nbsp;&nbsp;&nbsp; Loews Corp. | 17662 | 1859985 |
| &nbsp;&nbsp;&nbsp;&nbsp; M&T Bank Corp. | 16018 | 3227307 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marsh & McLennan Cos., Inc. | 51059 | 9472466 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mastercard, Inc. Cl A | 85456 | 48785121 |
| &nbsp;&nbsp;&nbsp;&nbsp; MetLife, Inc. | 57683 | 4553496 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid-America Apartment Communities, Inc. | 12203 | 1695119 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley | 125884 | 22348187 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nasdaq, Inc. | 47012 | 4566276 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northern Trust Corp. | 19710 | 2692189 |
| &nbsp;&nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. | 40871 | 8531004 |
| &nbsp;&nbsp;&nbsp;&nbsp; Principal Financial Group, Inc. | 20836 | 1837944 |
| &nbsp;&nbsp;&nbsp;&nbsp; Progressive Corp. | 61113 | 13916652 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prologis, Inc. | 96805 | 12358126 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prudential Financial, Inc. | 36477 | 4117524 |
| &nbsp;&nbsp;&nbsp;&nbsp; Public Storage | 16458 | 4270851 |
| &nbsp;&nbsp;&nbsp;&nbsp; Raymond James Financial, Inc. | 18375 | 2950841 |
| &nbsp;&nbsp;&nbsp;&nbsp; Realty Income Corp. | 95871 | 5404248 |
| &nbsp;&nbsp;&nbsp;&nbsp; Regency Centers Corp. | 17155 | 1184210 |
| &nbsp;&nbsp;&nbsp;&nbsp; Regions Financial Corp. | 91388 | 2476615 |
| &nbsp;&nbsp;&nbsp;&nbsp; SBA Communications Corp. | 11105 | 2148040 |
| &nbsp;&nbsp;&nbsp;&nbsp; Simon Property Group, Inc. | 34024 | 6298183 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Corp. | 29110 | 3755481 |
| &nbsp;&nbsp;&nbsp;&nbsp; Synchrony Financial | 37537 | 3131712 |
| &nbsp;&nbsp;&nbsp;&nbsp; T Rowe Price Group, Inc. | 22745 | 2328633 |
| &nbsp;&nbsp;&nbsp;&nbsp; Travelers Cos., Inc. | 23248 | 6743315 |
| &nbsp;&nbsp;&nbsp;&nbsp; Truist Financial Corp. | 133323 | 6560825 |
| &nbsp;&nbsp;&nbsp;&nbsp; UDR, Inc. | 31344 | 1149698 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Bancorp | 162002 | 8644427 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ventas, Inc. | 48955 | 3788138 |
| &nbsp;&nbsp;&nbsp;&nbsp; VICI Properties, Inc. | 111390 | 3132287 |
| &nbsp;&nbsp;&nbsp;&nbsp; Visa, Inc. Cl A | 175884 | 61684278 |
| &nbsp;&nbsp;&nbsp;&nbsp; W R Berkley Corp. | 31288 | 2193915 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo & Co. | 327154 | 30490753 |
| &nbsp;&nbsp;&nbsp;&nbsp; Welltower, Inc. | 71528 | 13276312 |
| &nbsp;&nbsp;&nbsp;&nbsp; Weyerhaeuser Co. | 75128 | 1779782 |
| &nbsp;&nbsp;&nbsp;&nbsp; Willis Towers Watson PLC | 9979 | 3279099 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;865379752 |
|  Industrial (7.4%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3M Co. | 55364 | 8863776 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — EQUITY INDEX FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Industrial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; A O Smith Corp. | 11816 | $790254 |
| &nbsp;&nbsp;&nbsp;&nbsp; Allegion PLC | 8966 | 1427567 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amcor PLC | 240575 | 2006395 |
| &nbsp;&nbsp;&nbsp;&nbsp; AMETEK, Inc. | 23992 | 4925798 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amphenol Corp. Cl A | 127570 | &nbsp;&nbsp;&nbsp;&nbsp;17239810 |
| &nbsp;&nbsp;&nbsp;&nbsp; Axon Enterprise, Inc.\* | 8223 | 4670088 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ball Corp. | 27930 | 1479452 |
| &nbsp;&nbsp;&nbsp;&nbsp; Boeing Co.\* | 81608 | 17718729 |
| &nbsp;&nbsp;&nbsp;&nbsp; Builders FirstSource, Inc.\* | 11524 | 1185704 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carrier Global Corp. | 82509 | 4359776 |
| &nbsp;&nbsp;&nbsp;&nbsp; Caterpillar, Inc. | 48773 | 27940589 |
| &nbsp;&nbsp;&nbsp;&nbsp; CH Robinson Worldwide, Inc. | 12312 | 1979277 |
| &nbsp;&nbsp;&nbsp;&nbsp; Comfort Systems USA, Inc. | 3667 | 3422374 |
| &nbsp;&nbsp;&nbsp;&nbsp; CRH PLC | 69855 | 8717904 |
| &nbsp;&nbsp;&nbsp;&nbsp; CSX Corp. | 194071 | 7035074 |
| &nbsp;&nbsp;&nbsp;&nbsp; Deere & Co. | 26202 | 12198865 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dover Corp. | 14294 | 2790761 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eaton Corp. PLC | 40479 | 12892966 |
| &nbsp;&nbsp;&nbsp;&nbsp; EMCOR Group, Inc. | 4666 | 2854612 |
| &nbsp;&nbsp;&nbsp;&nbsp; Emerson Electric Co. | 58551 | 7770889 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expeditors International of Washington, Inc. | 13968 | 2081372 |
| &nbsp;&nbsp;&nbsp;&nbsp; FedEx Corp. | 22624 | 6535169 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fortive Corp. | 33102 | 1827561 |
| &nbsp;&nbsp;&nbsp;&nbsp; Garmin Ltd. | 17039 | 3456361 |
| &nbsp;&nbsp;&nbsp;&nbsp; GE Vernova, Inc. | 28277 | 18480999 |
| &nbsp;&nbsp;&nbsp;&nbsp; Generac Holdings, Inc.\* | 6117 | 834175 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Dynamics Corp. | 26423 | 8895567 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Electric Co. | 109932 | 33862354 |
| &nbsp;&nbsp;&nbsp;&nbsp; Honeywell International, Inc. | 66168 | 12908715 |
| &nbsp;&nbsp;&nbsp;&nbsp; Howmet Aerospace, Inc. | 41903 | 8590953 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hubbell, Inc. | 5539 | 2459925 |
| &nbsp;&nbsp;&nbsp;&nbsp; Huntington Ingalls Industries, Inc. | 4090 | 1390886 |
| &nbsp;&nbsp;&nbsp;&nbsp; IDEX Corp. | 7801 | 1388110 |
| &nbsp;&nbsp;&nbsp;&nbsp; Illinois Tool Works, Inc. | 27513 | 6776452 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ingersoll Rand, Inc. | 37473 | 2968611 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jabil, Inc. | 11135 | 2539003 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jacobs Solutions, Inc. | 12458 | 1650187 |
| &nbsp;&nbsp;&nbsp;&nbsp; JB Hunt Transport Services, Inc. | 7840 | 1523626 |
| &nbsp;&nbsp;&nbsp;&nbsp; Johnson Controls International PLC | 63693 | 7627237 |
| &nbsp;&nbsp;&nbsp;&nbsp; Keysight Technologies, Inc.\* | 17911 | 3639336 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3Harris Technologies, Inc. | 19495 | 5723147 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lennox International, Inc. | 3327 | 1615525 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lockheed Martin Corp. | 21223 | 10264928 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Industrial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Martin Marietta Materials, Inc. | 6286 | $3914041 |
| &nbsp;&nbsp;&nbsp;&nbsp; Masco Corp. | 21646 | 1373655 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mettler-Toledo International, Inc.\* | 2129 | 2968230 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nordson Corp. | 5563 | 1337512 |
| &nbsp;&nbsp;&nbsp;&nbsp; Norfolk Southern Corp. | 23386 | 6752006 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northrop Grumman Corp. | 13982 | 7972676 |
| &nbsp;&nbsp;&nbsp;&nbsp; Old Dominion Freight Line, Inc. | 19177 | 3006954 |
| &nbsp;&nbsp;&nbsp;&nbsp; Otis Worldwide Corp. | 40616 | 3547808 |
| &nbsp;&nbsp;&nbsp;&nbsp; Packaging Corp. of America | 9315 | 1921032 |
| &nbsp;&nbsp;&nbsp;&nbsp; Parker-Hannifin Corp. | 13152 | 11560082 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pentair PLC | 17055 | 1776108 |
| &nbsp;&nbsp;&nbsp;&nbsp; Republic Services, Inc. | 20971 | 4444384 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rockwell Automation, Inc. | 11702 | 4552897 |
| &nbsp;&nbsp;&nbsp;&nbsp; RTX Corp. | 139734 | 25627216 |
| &nbsp;&nbsp;&nbsp;&nbsp; Smurfit WestRock PLC | 54422 | 2104499 |
| &nbsp;&nbsp;&nbsp;&nbsp; Snap-on, Inc. | 5421 | 1868077 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stanley Black & Decker, Inc. | 16141 | 1198953 |
| &nbsp;&nbsp;&nbsp;&nbsp; TE Connectivity PLC | 30661 | 6975684 |
| &nbsp;&nbsp;&nbsp;&nbsp; Teledyne Technologies, Inc.\* | 4893 | 2499002 |
| &nbsp;&nbsp;&nbsp;&nbsp; Textron, Inc. | 18366 | 1600964 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trane Technologies PLC | 23110 | 8994412 |
| &nbsp;&nbsp;&nbsp;&nbsp; TransDigm Group, Inc. | 5870 | 7806219 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trimble, Inc.\* | 24796 | 1942767 |
| &nbsp;&nbsp;&nbsp;&nbsp; Union Pacific Corp. | 61819 | 14299971 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Parcel Service, Inc. Cl B | 77016 | 7639217 |
| &nbsp;&nbsp;&nbsp;&nbsp; Veralto Corp. | 25877 | 2582007 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vulcan Materials Co. | 13771 | 3927765 |
| &nbsp;&nbsp;&nbsp;&nbsp; Waste Management, Inc. | 38628 | 8486958 |
| &nbsp;&nbsp;&nbsp;&nbsp; Westinghouse Air Brake Technologies Corp. | 17818 | 3803252 |
| &nbsp;&nbsp;&nbsp;&nbsp; Xylem, Inc. | 25375 | 3455567 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;459250774 |
|  Technology (32.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accenture PLC Cl A | 64631 | 17340497 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adobe, Inc.\* | 43627 | 15269014 |
| &nbsp;&nbsp;&nbsp;&nbsp; Advanced Micro Devices, Inc.\* | 169673 | 36337170 |
| &nbsp;&nbsp;&nbsp;&nbsp; Akamai Technologies, Inc.\* | 14993 | 1308139 |
| &nbsp;&nbsp;&nbsp;&nbsp; Analog Devices, Inc. | 51272 | 13904966 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apple, Inc. | 1539981 | 418659235 |
| &nbsp;&nbsp;&nbsp;&nbsp; Applied Materials, Inc. | 83026 | 21336852 |
| &nbsp;&nbsp;&nbsp;&nbsp; Autodesk, Inc.\* | 22199 | 6571126 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadcom, Inc. | 492161 | 170336922 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — EQUITY INDEX FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Technology (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadridge Financial Solutions, Inc. | 12166 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2715086 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cadence Design Systems, Inc.\* | 28369 | 8867582 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cognizant Technology Solutions Corp. Cl A | 50302 | 4175066 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crowdstrike Holdings, Inc. Cl A\* | 26154 | 12259949 |
| &nbsp;&nbsp;&nbsp;&nbsp; Datadog, Inc. Cl A\* | 33917 | 4612373 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dayforce, Inc.\* | 16678 | 1153450 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dell Technologies, Inc. Cl C | 31412 | 3954143 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronic Arts, Inc. | 23394 | 4780096 |
| &nbsp;&nbsp;&nbsp;&nbsp; EPAM Systems, Inc.\* | 5758 | 1179699 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fair Isaac Corp.\* | 2471 | 4177522 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity National Information Services, Inc. | 53971 | 3586913 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fiserv, Inc.\* | 56055 | 3765214 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fortinet, Inc.\* | 65878 | 5231372 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gartner, Inc.\* | 7512 | 1895127 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co. | 137512 | 3303038 |
| &nbsp;&nbsp;&nbsp;&nbsp; HP, Inc. | 97414 | 2170384 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intel Corp.\* | 467298 | 17243296 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Business Machines Corp. | 97417 | 28855890 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intuit, Inc. | 29057 | 19247938 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jack Henry & Associates, Inc. | 7544 | 1376629 |
| &nbsp;&nbsp;&nbsp;&nbsp; KLA Corp. | 13694 | 16639306 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lam Research Corp. | 130903 | 22407976 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leidos Holdings, Inc. | 13325 | 2403830 |
| &nbsp;&nbsp;&nbsp;&nbsp; Microchip Technology, Inc. | 56324 | 3588965 |
| &nbsp;&nbsp;&nbsp;&nbsp; Micron Technology, Inc. | 116982 | 33387833 |
| &nbsp;&nbsp;&nbsp;&nbsp; Microsoft Corp. | 774597 | 374610601 |
| &nbsp;&nbsp;&nbsp;&nbsp; Monolithic Power Systems, Inc. | 4993 | 4525456 |
| &nbsp;&nbsp;&nbsp;&nbsp; MSCI, Inc. | 7832 | 4493453 |
| &nbsp;&nbsp;&nbsp;&nbsp; NetApp, Inc. | 20805 | 2228007 |
| &nbsp;&nbsp;&nbsp;&nbsp; NVIDIA Corp. | 2532528 | 472316472 |
| &nbsp;&nbsp;&nbsp;&nbsp; NXP Semiconductors NV | 26230 | 5693484 |
| &nbsp;&nbsp;&nbsp;&nbsp; ON Semiconductor Corp.\* | 41936 | 2270834 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oracle Corp. | 175293 | 34166359 |
| &nbsp;&nbsp;&nbsp;&nbsp; Palantir Technologies, Inc. Cl A\* | 238071 | 42317120 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paychex, Inc. | 33758 | 3786972 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paycom Software, Inc. | 5093 | 811620 |
| &nbsp;&nbsp;&nbsp;&nbsp; PTC, Inc.\* | 12485 | 2175012 |
| &nbsp;&nbsp;&nbsp;&nbsp; QUALCOMM, Inc. | 111619 | 19092430 |
| &nbsp;&nbsp;&nbsp;&nbsp; Roper Technologies, Inc. | 11218 | 4993468 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Technology (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Salesforce, Inc. | 99217 | $26283575 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sandisk Corp.\* | 14509 | 3444146 |
| &nbsp;&nbsp;&nbsp;&nbsp; Seagate Technology Holdings PLC | 22706 | 6253005 |
| &nbsp;&nbsp;&nbsp;&nbsp; ServiceNow, Inc.\* | 108119 | 16562750 |
| &nbsp;&nbsp;&nbsp;&nbsp; Skyworks Solutions, Inc. | 15495 | 982538 |
| &nbsp;&nbsp;&nbsp;&nbsp; Super Micro Computer, Inc.\* | 52262 | 1529709 |
| &nbsp;&nbsp;&nbsp;&nbsp; Synopsys, Inc.\* | 19358 | 9092840 |
| &nbsp;&nbsp;&nbsp;&nbsp; Take-Two Interactive Software, Inc.\* | 18102 | 4634655 |
| &nbsp;&nbsp;&nbsp;&nbsp; Teradyne, Inc. | 16322 | 3159286 |
| &nbsp;&nbsp;&nbsp;&nbsp; Texas Instruments, Inc. | 94697 | 16428983 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tyler Technologies, Inc.\* | 4485 | 2035966 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Digital Corp. | 35633 | 6138497 |
| &nbsp;&nbsp;&nbsp;&nbsp; Workday, Inc. Cl A\* | 22615 | 4857250 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zebra Technologies Corp. Cl A\* | 5280 | 1282090 |
|  |  | 1990209176 |
|  Utilities (2.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AES Corp. | 74217 | 1064272 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alliant Energy Corp. | 26789 | 1741553 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ameren Corp. | 28191 | 2815153 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Electric Power Co., Inc. | 55785 | 6432568 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Water Works Co., Inc. | 20336 | 2653848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Atmos Energy Corp. | 16730 | 2804450 |
| &nbsp;&nbsp;&nbsp;&nbsp; CenterPoint Energy, Inc. | 68042 | 2608730 |
| &nbsp;&nbsp;&nbsp;&nbsp; CMS Energy Corp. | 31716 | 2217900 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consolidated Edison, Inc. | 37616 | 3736021 |
| &nbsp;&nbsp;&nbsp;&nbsp; Constellation Energy Corp. | 32547 | 11497879 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dominion Energy, Inc. | 88994 | 5214159 |
| &nbsp;&nbsp;&nbsp;&nbsp; DTE Energy Co. | 21644 | 2791643 |
| &nbsp;&nbsp;&nbsp;&nbsp; Duke Energy Corp. | 81048 | 9499636 |
| &nbsp;&nbsp;&nbsp;&nbsp; Edison International | 40103 | 2406982 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entergy Corp. | 46544 | 4302062 |
| &nbsp;&nbsp;&nbsp;&nbsp; Evergy, Inc. | 23993 | 1739253 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eversource Energy | 39101 | 2632670 |
| &nbsp;&nbsp;&nbsp;&nbsp; Exelon Corp. | 105292 | 4589678 |
| &nbsp;&nbsp;&nbsp;&nbsp; FirstEnergy Corp. | 54183 | 2425773 |
| &nbsp;&nbsp;&nbsp;&nbsp; NextEra Energy, Inc. | 217048 | 17424613 |
| &nbsp;&nbsp;&nbsp;&nbsp; NiSource, Inc. | 49733 | 2076850 |
| &nbsp;&nbsp;&nbsp;&nbsp; NRG Energy, Inc. | 19973 | 3180501 |
| &nbsp;&nbsp;&nbsp;&nbsp; PG&E Corp. | 229065 | 3681075 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pinnacle West Capital Corp. | 12474 | 1106444 |
| &nbsp;&nbsp;&nbsp;&nbsp; PPL Corp. | 77096 | 2699902 |
| &nbsp;&nbsp;&nbsp;&nbsp; Public Service Enterprise Group, Inc. | 52022 | 4177367 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sempra | 68022 | 6005662 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — EQUITY INDEX FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Utilities (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Southern Co. | 114756 | $&nbsp;&nbsp;&nbsp;&nbsp;10006723 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vistra Corp. | 33194 | 5355188 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Utilities (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; WEC Energy Group, Inc. | 33901 | $3575199 |
| &nbsp;&nbsp;&nbsp;&nbsp; Xcel Energy, Inc. | 61650 | 4553469 |
|  |  | 137017223 |
|  Total Common Stocks<br>(Cost: $2,628,152,656) . |  | 6090389291 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **SHORT-TERM DEBT SECURITIES (1.4%):** |  |  |  |  |  |
|  U.S. Government (1.4%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.51 | 01/27/26 | $5500000 | $5486084 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.57 | 03/12/26 | 1000000 | 993231 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.65 | 01/06/26 | 29400000 | 29385144 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill(1) | A-1+ | 3.74 | 02/17/26 | 22500000 | 22391349 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.76 | 01/29/26 | 14500000 | 14457589 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.85 | 01/13/26 | 15000000 | 14980871 |
|  Total Short-Term Debt Securities<br>(Cost: $87,694,152) |  |  |  |  | 87694268 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Rate(%)** | **Face Amount** | **Value** |
|  **TEMPORARY CASH INVESTMENT (0.0%)(2)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Securities Cash Management, Institutional Shares | 3.63 | $417886 | $417886 |
|  Total Temporary Cash Investment<br>(Cost: $417,886) |  |  | 417886 |
|  Total Investments<br>(Cost: $2,716,264,694) 100.1% |  |  | 6178501445 |
|  Other Net Assets -0.1% |  |  | (4700519) |
|  Net Assets 100.0% |  |  | $6173800926 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
\* Non-income producing security.

\*\* Ratings as per Standard & Poor's Corporation (unaudited).

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — EQUITY INDEX FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025
(1) This security, or a portion thereof, has been segregated to cover initial margin requirements on open futures contracts. Information on futures contracts outstanding in the Fund as of December 31, 2025, was as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contract**<br> **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Type** | **Number of<br>Contracts** | **Purchased (P)<br>or Sold (S)** | **Expiration** <br>**Date** | **Underlying<br> Face Amount <br>at Value** | **Unrealized<br>Gain(Loss)(a)** | **Face Value<br>of Futures<br>as a %<br>of Total**<br>**Investments** |
| E-mini S&P 500 Stock Index | 263 | P | March 2026 | $90636375 | $(24066) | 1.5% |

---

(a) Includes the cumulative appreciation (depreciation) of futures contracts, which is included in Total Distributable Earnings (Loss) in the Components of Net Assets section of the Statements of Assets and Liabilities. The Receivable or Payable for Daily Variation on Futures Contracts in the Statements of Assets and Liabilities only includes the current day's variation margin payable or receivable.

(2) Percentage is less than 0.05%.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — ALL AMERICA FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (97.7%):** |  |  |
|  Basic Materials (1.8%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Air Products and Chemicals, Inc. | 661 | $163280 |
| &nbsp;&nbsp;&nbsp;&nbsp; Albemarle Corp. | 350 | 49504 |
| &nbsp;&nbsp;&nbsp;&nbsp; CF Industries Holdings, Inc. | 463 | 35808 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Metals Co. | 5146 | 356206 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dow, Inc. | 2112 | 49379 |
| &nbsp;&nbsp;&nbsp;&nbsp; DuPont de Nemours, Inc. | 9767 | 392633 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ecolab, Inc. | 757 | 198728 |
| &nbsp;&nbsp;&nbsp;&nbsp; Freeport-McMoRan, Inc. | 13680 | 694807 |
| &nbsp;&nbsp;&nbsp;&nbsp; Innospec, Inc. | 6091 | 466205 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Flavors & Fragrances, Inc. | 761 | 51284 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Paper Co. | 1569 | 61803 |
| &nbsp;&nbsp;&nbsp;&nbsp; Linde PLC | 1388 | 591829 |
| &nbsp;&nbsp;&nbsp;&nbsp; LyondellBasell Industries NV Cl A | 765 | 33124 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mosaic Co. | 943 | 22717 |
| &nbsp;&nbsp;&nbsp;&nbsp; Newmont Corp. | 3243 | 323813 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nucor Corp. | 680 | 110915 |
| &nbsp;&nbsp;&nbsp;&nbsp; PPG Industries, Inc. | 667 | 68341 |
| &nbsp;&nbsp;&nbsp;&nbsp; Qnity Electronics, Inc. | 4591 | 374855 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quaker Chemical Corp. | 7018 | 963642 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sherwin-Williams Co. | 685 | 221961 |
| &nbsp;&nbsp;&nbsp;&nbsp; Steel Dynamics, Inc. | 408 | 69136 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5299970 |
|  Communications (10.7%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Airbnb, Inc. Cl A\* | 1264 | 171550 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alphabet, Inc. Cl A | 17288 | 5411144 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alphabet, Inc. Cl C | 13817 | 4335775 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amazon.com, Inc.\* | 28906 | 6672083 |
| &nbsp;&nbsp;&nbsp;&nbsp; AppLovin Corp. Cl A\* | 804 | 541751 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arista Networks, Inc.\* | 3068 | 402000 |
| &nbsp;&nbsp;&nbsp;&nbsp; AT&T, Inc. | 21066 | 523280 |
| &nbsp;&nbsp;&nbsp;&nbsp; Booking Holdings, Inc. | 115 | 615863 |
| &nbsp;&nbsp;&nbsp;&nbsp; CDW Corp. | 387 | 52709 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charter Communications, Inc. Cl A\* | 261 | 54484 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cisco Systems, Inc. | 11710 | 902021 |
| &nbsp;&nbsp;&nbsp;&nbsp; Comcast Corp. Cl A | 10800 | 322812 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corning, Inc. | 2318 | 202964 |
| &nbsp;&nbsp;&nbsp;&nbsp; Credo Technology Group Holding Ltd.\* | 5173 | 744343 |
| &nbsp;&nbsp;&nbsp;&nbsp; DoorDash, Inc. Cl A\* | 1111 | 251619 |
| &nbsp;&nbsp;&nbsp;&nbsp; eBay, Inc. | 1343 | 116975 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expedia Group, Inc. | 348 | 98592 |
| &nbsp;&nbsp;&nbsp;&nbsp; F5, Inc.\* | 171 | 43650 |
| &nbsp;&nbsp;&nbsp;&nbsp; FactSet Research Systems, Inc. | 111 | 32211 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fox Corp. Cl A | 619 | 45230 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fox Corp. Cl B | 441 | 28634 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gen Digital, Inc. | 1668 | 45353 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Communications (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; GoDaddy, Inc. Cl A\* | 402 | $49880 |
| &nbsp;&nbsp;&nbsp;&nbsp; Match Group, Inc. | 701 | 22635 |
| &nbsp;&nbsp;&nbsp;&nbsp; Meta Platforms, Inc. Cl A | 6471 | 4271442 |
| &nbsp;&nbsp;&nbsp;&nbsp; Motorola Solutions, Inc. | 495 | 189743 |
| &nbsp;&nbsp;&nbsp;&nbsp; Netflix, Inc.\* | 12591 | 1180532 |
| &nbsp;&nbsp;&nbsp;&nbsp; News Corp. Cl A | 1113 | 29072 |
| &nbsp;&nbsp;&nbsp;&nbsp; News Corp. Cl B | 367 | 10874 |
| &nbsp;&nbsp;&nbsp;&nbsp; Omnicom Group, Inc. | 948 | 76551 |
| &nbsp;&nbsp;&nbsp;&nbsp; Palo Alto Networks, Inc.\* | 2032 | 374295 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paramount Skydance Corp. Cl B | 923 | 12368 |
| &nbsp;&nbsp;&nbsp;&nbsp; Q2 Holdings, Inc.\* | 3658 | 263961 |
| &nbsp;&nbsp;&nbsp;&nbsp; Reddit, Inc. Cl A\* | 1284 | 295153 |
| &nbsp;&nbsp;&nbsp;&nbsp; Robinhood Markets, Inc. Cl A\* | 2337 | 264315 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telephone and Data Systems, Inc. | 17660 | 724060 |
| &nbsp;&nbsp;&nbsp;&nbsp; T-Mobile US, Inc. | 1429 | 290144 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trade Desk, Inc. Cl A\* | 1308 | 49652 |
| &nbsp;&nbsp;&nbsp;&nbsp; Uber Technologies, Inc.\* | 6174 | 504478 |
| &nbsp;&nbsp;&nbsp;&nbsp; VeriSign, Inc. | 248 | 60252 |
| &nbsp;&nbsp;&nbsp;&nbsp; Verizon Communications, Inc. | 12529 | 510306 |
| &nbsp;&nbsp;&nbsp;&nbsp; Walt Disney Co. | 5305 | 603550 |
| &nbsp;&nbsp;&nbsp;&nbsp; Warner Bros Discovery, Inc.\* | 7363 | 212202 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;31610508 |
|  Consumer, Cyclical (8.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aptiv PLC\* | 642 | 48850 |
| &nbsp;&nbsp;&nbsp;&nbsp; AutoZone, Inc.\* | 164 | 556206 |
| &nbsp;&nbsp;&nbsp;&nbsp; Best Buy Co., Inc. | 581 | 38886 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carnival Corp.\* | 3226 | 98522 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carvana Co.\* | 420 | 177248 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chipotle Mexican Grill, Inc.\* | 3929 | 145373 |
| &nbsp;&nbsp;&nbsp;&nbsp; Copart, Inc.\* | 2646 | 103591 |
| &nbsp;&nbsp;&nbsp;&nbsp; Costco Wholesale Corp. | 1317 | 1135702 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cummins, Inc. | 410 | 209285 |
| &nbsp;&nbsp;&nbsp;&nbsp; Darden Restaurants, Inc. | 346 | 63671 |
| &nbsp;&nbsp;&nbsp;&nbsp; Deckers Outdoor Corp.\* | 433 | 44889 |
| &nbsp;&nbsp;&nbsp;&nbsp; Delta Air Lines, Inc. | 1927 | 133734 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dollar General Corp. | 654 | 86832 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dollar Tree, Inc.\* | 564 | 69378 |
| &nbsp;&nbsp;&nbsp;&nbsp; Domino's Pizza, Inc. | 92 | 38347 |
| &nbsp;&nbsp;&nbsp;&nbsp; DR Horton, Inc. | 814 | 117240 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fastenal Co. | 3411 | 136883 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Watch Restaurant Group, Inc.\* | 26611 | 401294 |
| &nbsp;&nbsp;&nbsp;&nbsp; Flutter Entertainment PLC\* | 1726 | 371159 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ford Motor Co. | 11629 | 152572 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Motors Co. | 2772 | 225419 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — ALL AMERICA FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Consumer, Cyclical (Continued) | Consumer, Cyclical (Continued) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Genuine Parts Co. | 413 | $50782 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hasbro, Inc. | 396 | 32472 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hilton Worldwide Holdings, Inc. | 3395 | 975214 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Depot, Inc. | 2958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1017848 |
| &nbsp;&nbsp;&nbsp;&nbsp; IMAX Corp.\* | 5313 | 196368 |
| &nbsp;&nbsp;&nbsp;&nbsp; Installed Building Products, Inc. | 2882 | 747562 |
| &nbsp;&nbsp;&nbsp;&nbsp; Las Vegas Sands Corp. | 904 | 58841 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lennar Corp. Cl A | 641 | 65895 |
| &nbsp;&nbsp;&nbsp;&nbsp; Live Nation Entertainment, Inc.\* | 469 | 66833 |
| &nbsp;&nbsp;&nbsp;&nbsp; LKQ Corp. | 5859 | 176942 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lowe's Cos., Inc. | 1666 | 401773 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lululemon Athletica, Inc.\* | 321 | 66707 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marriott International, Inc. Cl A | 662 | 205379 |
| &nbsp;&nbsp;&nbsp;&nbsp; McDonald's Corp. | 2116 | 646713 |
| &nbsp;&nbsp;&nbsp;&nbsp; MGM Resorts International\* | 610 | 22259 |
| &nbsp;&nbsp;&nbsp;&nbsp; Murphy USA, Inc. | 2388 | 963606 |
| &nbsp;&nbsp;&nbsp;&nbsp; NIKE, Inc. Cl B | 3534 | 225151 |
| &nbsp;&nbsp;&nbsp;&nbsp; Norwegian Cruise Line Holdings Ltd.\* | 1353 | 30199 |
| &nbsp;&nbsp;&nbsp;&nbsp; NVR, Inc.\* | 73 | 532372 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ollie's Bargain Outlet Holdings, Inc.\* | 1768 | 193790 |
| &nbsp;&nbsp;&nbsp;&nbsp; OneSpaWorld Holdings Ltd. | 10862 | 225278 |
| &nbsp;&nbsp;&nbsp;&nbsp; O'Reilly Automotive, Inc.\* | 2508 | 228755 |
| &nbsp;&nbsp;&nbsp;&nbsp; PACCAR, Inc. | 1561 | 170945 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pool Corp. | 425 | 97219 |
| &nbsp;&nbsp;&nbsp;&nbsp; PulteGroup, Inc. | 579 | 67894 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ralph Lauren Corp. | 116 | 41019 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ross Stores, Inc. | 966 | 174015 |
| &nbsp;&nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd. | 2531 | 705947 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southwest Airlines Co. | 1537 | 63524 |
| &nbsp;&nbsp;&nbsp;&nbsp; Starbucks Corp. | 3378 | 284461 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tapestry, Inc. | 608 | 77684 |
| &nbsp;&nbsp;&nbsp;&nbsp; Target Corp. | 1350 | 131963 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taylor Morrison Home Corp.\* | 14760 | 868921 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tesla, Inc.\* | 8350 | 3755162 |
| &nbsp;&nbsp;&nbsp;&nbsp; TJX Cos., Inc. | 3307 | 507988 |
| &nbsp;&nbsp;&nbsp;&nbsp; TKO Group Holdings, Inc. | 197 | 41173 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tractor Supply Co. | 16254 | 812863 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ulta Beauty, Inc.\* | 133 | 80466 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Airlines Holdings, Inc.\* | 962 | 107571 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vail Resorts, Inc. | 8352 | 1109146 |
| &nbsp;&nbsp;&nbsp;&nbsp; VSE Corp. | 3933 | 679504 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Consumer, Cyclical (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Walmart, Inc. | 13030 | $1451672 |
| &nbsp;&nbsp;&nbsp;&nbsp; Williams-Sonoma, Inc. | 362 | 64650 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wingstop, Inc. | 1294 | 308606 |
| &nbsp;&nbsp;&nbsp;&nbsp; WW Grainger, Inc. | 130 | 131176 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wyndham Hotels & Resorts, Inc. | 13109 | 990516 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wynn Resorts Ltd. | 251 | 30203 |
| &nbsp;&nbsp;&nbsp;&nbsp; Yum! Brands, Inc. | 825 | 124806 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;24364914 |
|  Consumer, Non-cyclical (15.8%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Abbott Laboratories | 5167 | 647373 |
| &nbsp;&nbsp;&nbsp;&nbsp; AbbVie, Inc. | 5252 | 1200030 |
| &nbsp;&nbsp;&nbsp;&nbsp; Addus HomeCare Corp.\* | 3685 | 395732 |
| &nbsp;&nbsp;&nbsp;&nbsp; Agilent Technologies, Inc. | 842 | 114571 |
| &nbsp;&nbsp;&nbsp;&nbsp; Align Technology, Inc.\* | 198 | 30918 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alkermes PLC\* | 3725 | 104226 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alnylam Pharmaceuticals, Inc.\* | 1941 | 771839 |
| &nbsp;&nbsp;&nbsp;&nbsp; Altria Group, Inc. | 4988 | 287608 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amgen, Inc. | 1600 | 523696 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amicus Therapeutics, Inc.\* | 16573 | 236000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Annexon, Inc.\* | 45146 | 226633 |
| &nbsp;&nbsp;&nbsp;&nbsp; Archer-Daniels-Midland Co. | 1428 | 82096 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arlo Technologies, Inc.\* | 46478 | 650227 |
| &nbsp;&nbsp;&nbsp;&nbsp; Automatic Data Processing, Inc. | 1202 | 309190 |
| &nbsp;&nbsp;&nbsp;&nbsp; Avery Dennison Corp. | 230 | 41832 |
| &nbsp;&nbsp;&nbsp;&nbsp; Axsome Therapeutics, Inc.\* | 2642 | 482535 |
| &nbsp;&nbsp;&nbsp;&nbsp; Baxter International, Inc. | 1527 | 29181 |
| &nbsp;&nbsp;&nbsp;&nbsp; Becton Dickinson & Co. | 852 | 165348 |
| &nbsp;&nbsp;&nbsp;&nbsp; Biogen, Inc.\* | 436 | 76732 |
| &nbsp;&nbsp;&nbsp;&nbsp; BioLife Solutions, Inc.\* | 40436 | 977743 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bio-Techne Corp. | 4373 | 257176 |
| &nbsp;&nbsp;&nbsp;&nbsp; Block, Inc.\* | 1627 | 105901 |
| &nbsp;&nbsp;&nbsp;&nbsp; Boston Scientific Corp.\* | 4405 | 420017 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bristol-Myers Squibb Co. | 6049 | 326283 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brown-Forman Corp. Cl B | 523 | 13629 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bunge Global S.A. | 402 | 35810 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cardinal Health, Inc. | 706 | 145083 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cencora, Inc. | 2139 | 722447 |
| &nbsp;&nbsp;&nbsp;&nbsp; Centene Corp.\* | 1387 | 57075 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charles River Laboratories International, Inc.\* | 146 | 29124 |
| &nbsp;&nbsp;&nbsp;&nbsp; Church & Dwight Co., Inc. | 714 | 59869 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cigna Group | 794 | 218533 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cintas Corp. | 1015 | 190891 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clorox Co. | 362 | 36500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Coca-Cola Co. | 11504 | 804245 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — ALL AMERICA FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Consumer, Non-cyclical (Continued) | Consumer, Non-cyclical (Continued) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Coca-Cola Consolidated, Inc. | 1844 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;282685 |
| &nbsp;&nbsp;&nbsp;&nbsp; Colgate-Palmolive Co. | 2395 | 189253 |
| &nbsp;&nbsp;&nbsp;&nbsp; Conagra Brands, Inc. | 1421 | 24598 |
| &nbsp;&nbsp;&nbsp;&nbsp; Concentra Group Holdings Parent, Inc. | 22321 | 439277 |
| &nbsp;&nbsp;&nbsp;&nbsp; Constellation Brands, Inc. Cl A | 419 | 57805 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cooper Cos., Inc.\* | 1555 | 127448 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corpay, Inc.\* | 208 | 62593 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corteva, Inc. | 9331 | 625457 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crimson Wine Group Ltd.\* | 37390 | 183211 |
| &nbsp;&nbsp;&nbsp;&nbsp; CVS Health Corp. | 3772 | 299346 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cytokinetics, Inc.\* | 3444 | 218832 |
| &nbsp;&nbsp;&nbsp;&nbsp; Danaher Corp. | 5772 | 1321326 |
| &nbsp;&nbsp;&nbsp;&nbsp; DaVita, Inc.\* | 105 | 11929 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dexcom, Inc.\* | 1159 | 76923 |
| &nbsp;&nbsp;&nbsp;&nbsp; Edwards Lifesciences Corp.\* | 1724 | 146971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Elevance Health, Inc. | 660 | 231363 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eli Lilly & Co. | 2360 | 2536245 |
| &nbsp;&nbsp;&nbsp;&nbsp; Encompass Health Corp. | 2698 | 286366 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equifax, Inc. | 364 | 78981 |
| &nbsp;&nbsp;&nbsp;&nbsp; Estee Lauder Cos., Inc. Cl A | 731 | 76550 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Advantage Corp.\* | 27546 | 400243 |
| &nbsp;&nbsp;&nbsp;&nbsp; GE HealthCare Technologies, Inc. | 1354 | 111055 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Mills, Inc. | 1585 | 73703 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gilead Sciences, Inc. | 3687 | 452542 |
| &nbsp;&nbsp;&nbsp;&nbsp; Global Payments, Inc. | 703 | 54412 |
| &nbsp;&nbsp;&nbsp;&nbsp; HCA Healthcare, Inc. | 475 | 221759 |
| &nbsp;&nbsp;&nbsp;&nbsp; HealthEquity, Inc.\* | 6752 | 618551 |
| &nbsp;&nbsp;&nbsp;&nbsp; Henry Schein, Inc.\* | 297 | 22447 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hershey Co. | 440 | 80071 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hologic, Inc.\* | 661 | 49238 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hormel Foods Corp. | 866 | 20524 |
| &nbsp;&nbsp;&nbsp;&nbsp; Humana, Inc. | 1259 | 322468 |
| &nbsp;&nbsp;&nbsp;&nbsp; Huron Consulting Group, Inc.\* | 2474 | 427779 |
| &nbsp;&nbsp;&nbsp;&nbsp; IDEXX Laboratories, Inc.\* | 2146 | 1451833 |
| &nbsp;&nbsp;&nbsp;&nbsp; Incyte Corp.\* | 490 | 48397 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insmed, Inc.\* | 6082 | 1058511 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insulet Corp.\* | 813 | 231087 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intuitive Surgical, Inc.\* | 1053 | 596377 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ionis Pharmaceuticals, Inc.\* | 4464 | 353147 |
| &nbsp;&nbsp;&nbsp;&nbsp; IQVIA Holdings, Inc.\* | 3703 | 834693 |
| &nbsp;&nbsp;&nbsp;&nbsp; iRhythm Technologies, Inc.\* | 1366 | 242383 |
| &nbsp;&nbsp;&nbsp;&nbsp; J M Smucker Co. | 317 | 31006 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Consumer, Non-cyclical (Continued) | Consumer, Non-cyclical (Continued) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Johnson & Johnson | 7159 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1481555 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kenvue, Inc. | 5693 | 98204 |
| &nbsp;&nbsp;&nbsp;&nbsp; Keurig Dr Pepper, Inc. | 4037 | 113076 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kimberly-Clark Corp. | 986 | 99478 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kraft Heinz Co. | 2532 | 61401 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kroger Co. | 1812 | 113214 |
| &nbsp;&nbsp;&nbsp;&nbsp; Krystal Biotech, Inc.\* | 2296 | 566056 |
| &nbsp;&nbsp;&nbsp;&nbsp; Labcorp Holdings, Inc. | 246 | 61717 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lamb Weston Holdings, Inc. | 15143 | 634340 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lantheus Holdings, Inc.\* | 1602 | 106613 |
| &nbsp;&nbsp;&nbsp;&nbsp; Legend Biotech Corp.\* | 5641 | 122635 |
| &nbsp;&nbsp;&nbsp;&nbsp; LeMaitre Vascular, Inc. | 3658 | 296664 |
| &nbsp;&nbsp;&nbsp;&nbsp; Madrigal Pharmaceuticals, Inc.\* | 785 | 457137 |
| &nbsp;&nbsp;&nbsp;&nbsp; McCormick & Co., Inc. | 752 | 51219 |
| &nbsp;&nbsp;&nbsp;&nbsp; McKesson Corp. | 367 | 301046 |
| &nbsp;&nbsp;&nbsp;&nbsp; Medtronic PLC | 3811 | 366085 |
| &nbsp;&nbsp;&nbsp;&nbsp; Merck & Co., Inc. | 7375 | 776293 |
| &nbsp;&nbsp;&nbsp;&nbsp; Moderna, Inc.\* | 1033 | 30463 |
| &nbsp;&nbsp;&nbsp;&nbsp; Molina Healthcare, Inc.\* | 153 | 26552 |
| &nbsp;&nbsp;&nbsp;&nbsp; Molson Coors Beverage Co. Cl B | 503 | 23480 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mondelez International, Inc. Cl A | 3834 | 206384 |
| &nbsp;&nbsp;&nbsp;&nbsp; Monster Beverage Corp.\* | 2119 | 162464 |
| &nbsp;&nbsp;&nbsp;&nbsp; Moody's Corp. | 456 | 232948 |
| &nbsp;&nbsp;&nbsp;&nbsp; Neogen Corp.\* | 23100 | 161469 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nomad Foods Ltd. | 13534 | 169310 |
| &nbsp;&nbsp;&nbsp;&nbsp; Omnicell, Inc.\* | 7548 | 341924 |
| &nbsp;&nbsp;&nbsp;&nbsp; Option Care Health, Inc.\* | 4906 | 156305 |
| &nbsp;&nbsp;&nbsp;&nbsp; OrthoPediatrics Corp.\* . | 11287 | 200457 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paylocity Holding Corp.\* | 1572 | 239730 |
| &nbsp;&nbsp;&nbsp;&nbsp; PayPal Holdings, Inc. | 2780 | 162296 |
| &nbsp;&nbsp;&nbsp;&nbsp; PepsiCo, Inc. | 4063 | 583122 |
| &nbsp;&nbsp;&nbsp;&nbsp; Performance Food Group Co.\* | 9024 | 811438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pfizer, Inc. | 16895 | 420686 |
| &nbsp;&nbsp;&nbsp;&nbsp; Philip Morris International, Inc. | 4625 | 741850 |
| &nbsp;&nbsp;&nbsp;&nbsp; Procter & Gamble Co. | 6943 | 995001 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quanta Services, Inc. | 443 | 186973 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quest Diagnostics, Inc. | 331 | 57438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Regeneron Pharmaceuticals, Inc. | 299 | 230789 |
| &nbsp;&nbsp;&nbsp;&nbsp; ResMed, Inc. | 434 | 104538 |
| &nbsp;&nbsp;&nbsp;&nbsp; Revvity, Inc. | 337 | 32605 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rollins, Inc. | 872 | 52337 |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P Global, Inc. | 921 | 481305 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shift4 Payments, Inc. Cl A\* | 10075 | 634423 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — ALL AMERICA FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Consumer, Non-cyclical (Continued) | Consumer, Non-cyclical (Continued) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Soleno Therapeutics, Inc.\* | 5676 | $262799 |
| &nbsp;&nbsp;&nbsp;&nbsp; Solventum Corp.\* | 438 | 34707 |
| &nbsp;&nbsp;&nbsp;&nbsp; STERIS PLC | 1258 | 318928 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stevanato Group SpA | 46088 | 927291 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stryker Corp. | 1023 | 359554 |
| &nbsp;&nbsp;&nbsp;&nbsp; Supernus Pharmaceuticals, Inc.\* | 13033 | 647740 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sysco Corp. | 1423 | 104861 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tarsus Pharmaceuticals, Inc.\* | 7625 | 624335 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tenet Healthcare Corp.\* | 1610 | 319939 |
| &nbsp;&nbsp;&nbsp;&nbsp; The Campbell's Company | 584 | 16276 |
| &nbsp;&nbsp;&nbsp;&nbsp; Thermo Fisher Scientific, Inc. | 1116 | 646666 |
| &nbsp;&nbsp;&nbsp;&nbsp; TransUnion | 2495 | 213946 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tyson Foods, Inc. Cl A . | 841 | 49299 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Rentals, Inc. | 189 | 152962 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Therapeutics Corp.\* | 938 | 457041 |
| &nbsp;&nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc. | 2692 | 888656 |
| &nbsp;&nbsp;&nbsp;&nbsp; Universal Health Services, Inc. Cl B | 164 | 35755 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vericel Corp.\* | 10948 | 394237 |
| &nbsp;&nbsp;&nbsp;&nbsp; Verisk Analytics, Inc. | 1832 | 409800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vertex Pharmaceuticals, Inc.\* | 754 | 341833 |
| &nbsp;&nbsp;&nbsp;&nbsp; Viatris, Inc. | 3422 | 42604 |
| &nbsp;&nbsp;&nbsp;&nbsp; Waters Corp.\* | 177 | 67230 |
| &nbsp;&nbsp;&nbsp;&nbsp; West Pharmaceutical Services, Inc. | 214 | 58880 |
| &nbsp;&nbsp;&nbsp;&nbsp; Xenon Pharmaceuticals, Inc.\* | 8038 | 360263 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zimmer Biomet Holdings, Inc. | 589 | 52963 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zoetis, Inc. | 1309 | 164698 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;46861761 |
|  Energy (3.8%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; APA Corp. | 1054 | 25781 |
| &nbsp;&nbsp;&nbsp;&nbsp; Baker Hughes Co. | 8627 | 392874 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cheniere Energy, Inc. | 3036 | 590168 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chevron Corp. | 5624 | 857154 |
| &nbsp;&nbsp;&nbsp;&nbsp; ConocoPhillips | 3672 | 343736 |
| &nbsp;&nbsp;&nbsp;&nbsp; Coterra Energy, Inc. | 2262 | 59536 |
| &nbsp;&nbsp;&nbsp;&nbsp; Devon Energy Corp. | 11221 | 411025 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diamondback Energy, Inc. | 553 | 83132 |
| &nbsp;&nbsp;&nbsp;&nbsp; EOG Resources, Inc. | 1612 | 169276 |
| &nbsp;&nbsp;&nbsp;&nbsp; EQT Corp. | 1854 | 99374 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expand Energy Corp. | 10924 | 1205573 |
| &nbsp;&nbsp;&nbsp;&nbsp; Exxon Mobil Corp. | 12531 | 1507981 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Solar, Inc.\* | 319 | 83332 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Energy (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Halliburton Co. | 2501 | $70678 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kinder Morgan, Inc. | 5817 | 159909 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marathon Petroleum Corp. | 893 | 145229 |
| &nbsp;&nbsp;&nbsp;&nbsp; MPLX LP | 5252 | 280299 |
| &nbsp;&nbsp;&nbsp;&nbsp; Noble Corp. PLC | 6438 | 181809 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northern Oil & Gas, Inc. | 31649 | 679504 |
| &nbsp;&nbsp;&nbsp;&nbsp; Occidental Petroleum Corp | 2137 | 87873 |
| &nbsp;&nbsp;&nbsp;&nbsp; ONEOK, Inc. | 1870 | 137445 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ovintiv, Inc. | 10787 | 422743 |
| &nbsp;&nbsp;&nbsp;&nbsp; Permian Resources Corp. | 32689 | 458627 |
| &nbsp;&nbsp;&nbsp;&nbsp; Phillips 66 | 1197 | 154461 |
| &nbsp;&nbsp;&nbsp;&nbsp; SLB Ltd. | 4439 | 170369 |
| &nbsp;&nbsp;&nbsp;&nbsp; Targa Resources Corp. | 638 | 117711 |
| &nbsp;&nbsp;&nbsp;&nbsp; Texas Pacific Land Corp. | 172 | 49402 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tidewater, Inc.\* | 12707 | 641831 |
| &nbsp;&nbsp;&nbsp;&nbsp; Valaris Ltd.\* | 3501 | 176450 |
| &nbsp;&nbsp;&nbsp;&nbsp; Valero Energy Corp. | 906 | 147488 |
| &nbsp;&nbsp;&nbsp;&nbsp; Williams Cos., Inc. | 19894 | 1195828 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;11106598 |
|  Financial (16.8%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aflac, Inc. | 1402 | 154599 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alexandria Real Estate Equities, Inc. | 462 | 22610 |
| &nbsp;&nbsp;&nbsp;&nbsp; Allstate Corp. | 1467 | 305356 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Express Co. | 1597 | 590810 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Financial Group, Inc. | 1502 | 205293 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Healthcare REIT, Inc. | 20556 | 967365 |
| &nbsp;&nbsp;&nbsp;&nbsp; American International Group, Inc. | 1603 | 137137 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Tower Corp. | 1391 | 244218 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ameriprise Financial, Inc. | 2638 | 1293517 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aon PLC Cl A | 639 | 225490 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apollo Global Management, Inc. | 1380 | 199769 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arch Capital Group Ltd.\* | 8721 | 836518 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ares Management Corp. Cl A | 612 | 98918 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arthur J Gallagher & Co. | 763 | 197457 |
| &nbsp;&nbsp;&nbsp;&nbsp; Assurant, Inc. | 149 | 35887 |
| &nbsp;&nbsp;&nbsp;&nbsp; AvalonBay Communities, Inc. | 420 | 76150 |
| &nbsp;&nbsp;&nbsp;&nbsp; BancFirst Corp. | 2478 | 262718 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of America Corp. | 19963 | 1097965 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp. | 2072 | 240538 |
| &nbsp;&nbsp;&nbsp;&nbsp; Berkshire Hathaway, Inc. Cl B\* | 5449 | 2738940 |
| &nbsp;&nbsp;&nbsp;&nbsp; Blackrock, Inc. | 429 | 459176 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — ALL AMERICA FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Financial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Blackstone, Inc. | 2194 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;338183 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brixmor Property Group, Inc. | 24324 | 637775 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brown & Brown, Inc. | 6451 | 514145 |
| &nbsp;&nbsp;&nbsp;&nbsp; BXP, Inc. | 438 | 29556 |
| &nbsp;&nbsp;&nbsp;&nbsp; Camden Property Trust | 8851 | 974318 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital One Financial Corp. | 1889 | 457818 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cboe Global Markets, Inc. | 311 | 78061 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBRE Group, Inc. Cl A\* | 3298 | 530285 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charles Schwab Corp. | 4963 | 495853 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chubb Ltd. | 1088 | 339587 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cincinnati Financial Corp. | 464 | 75780 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citigroup, Inc. | 5317 | 620441 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citizens Financial Group, Inc. | 1276 | 74531 |
| &nbsp;&nbsp;&nbsp;&nbsp; CME Group, Inc. | 1071 | 292469 |
| &nbsp;&nbsp;&nbsp;&nbsp; Coinbase Global, Inc. Cl A\* | 678 | 153323 |
| &nbsp;&nbsp;&nbsp;&nbsp; Core Scientific, Inc.\* | 39951 | 581687 |
| &nbsp;&nbsp;&nbsp;&nbsp; CoStar Group, Inc.\* | 4602 | 309438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cousins Properties, Inc. | 10258 | 264451 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crown Castle, Inc. | 1294 | 114998 |
| &nbsp;&nbsp;&nbsp;&nbsp; Curbline Properties Corp. | 34113 | 791763 |
| &nbsp;&nbsp;&nbsp;&nbsp; Digital Realty Trust, Inc. | 959 | 148367 |
| &nbsp;&nbsp;&nbsp;&nbsp; East West Bancorp, Inc. | 3991 | 448548 |
| &nbsp;&nbsp;&nbsp;&nbsp; Enterprise Financial Services Corp. | 9959 | 537786 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equinix, Inc. | 292 | 223719 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity Residential | 1029 | 64868 |
| &nbsp;&nbsp;&nbsp;&nbsp; Erie Indemnity Co. Cl A | 76 | 21785 |
| &nbsp;&nbsp;&nbsp;&nbsp; Essent Group Ltd. | 8607 | 559541 |
| &nbsp;&nbsp;&nbsp;&nbsp; Essential Properties Realty Trust, Inc. | 6576 | 195044 |
| &nbsp;&nbsp;&nbsp;&nbsp; Essex Property Trust, Inc. | 191 | 49981 |
| &nbsp;&nbsp;&nbsp;&nbsp; Everest Group Ltd. | 125 | 42419 |
| &nbsp;&nbsp;&nbsp;&nbsp; Extra Space Storage, Inc. | 631 | 82169 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Realty Investment Trust | 233 | 23486 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fifth Third Bancorp | 19374 | 906897 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Financial Bankshares, Inc. | 30956 | 924656 |
| &nbsp;&nbsp;&nbsp;&nbsp; Franklin Resources, Inc. | 913 | 21812 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gaming and Leisure Properties, Inc. | 4609 | 205976 |
| &nbsp;&nbsp;&nbsp;&nbsp; German American Bancorp, Inc. | 13111 | 513689 |
| &nbsp;&nbsp;&nbsp;&nbsp; Globe Life, Inc. | 237 | 33147 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. | 891 | 783189 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hancock Whitney Corp. | 9598 | 611201 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Financial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Hartford Insurance Group, Inc. | 3463 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;477201 |
| &nbsp;&nbsp;&nbsp;&nbsp; Healthpeak Properties, Inc. | 17122 | 275322 |
| &nbsp;&nbsp;&nbsp;&nbsp; Host Hotels & Resorts, Inc. | 1900 | 33687 |
| &nbsp;&nbsp;&nbsp;&nbsp; Houlihan Lokey, Inc. | 2072 | 360922 |
| &nbsp;&nbsp;&nbsp;&nbsp; Huntington Bancshares, Inc. | 4672 | 81059 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interactive Brokers Group, Inc. Cl A | 1323 | 85082 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intercontinental Exchange, Inc. | 1694 | 274360 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco Ltd. | 1323 | 34755 |
| &nbsp;&nbsp;&nbsp;&nbsp; Invitation Homes, Inc. | 1676 | 46576 |
| &nbsp;&nbsp;&nbsp;&nbsp; Iron Mountain, Inc. | 878 | 72830 |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Group PLC | 20143 | 958203 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. | 8089 | 2606438 |
| &nbsp;&nbsp;&nbsp;&nbsp; KeyCorp | 2760 | 56966 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kimco Realty Corp. | 2012 | 40783 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kite Realty Group Trust | 18442 | 442055 |
| &nbsp;&nbsp;&nbsp;&nbsp; KKR & Co., Inc. | 2039 | 259932 |
| &nbsp;&nbsp;&nbsp;&nbsp; Loews Corp. | 504 | 53076 |
| &nbsp;&nbsp;&nbsp;&nbsp; LPL Financial Holdings, Inc. | 1088 | 388601 |
| &nbsp;&nbsp;&nbsp;&nbsp; M&T Bank Corp. | 4881 | 983424 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marsh & McLennan Cos., Inc. | 1456 | 270117 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mastercard, Inc. Cl A | 2436 | 1390664 |
| &nbsp;&nbsp;&nbsp;&nbsp; MetLife, Inc. | 1645 | 129856 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid-America Apartment Communities, Inc. | 348 | 48341 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley | 3589 | 637155 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nasdaq, Inc. | 1340 | 130154 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northern Trust Corp. | 562 | 76764 |
| &nbsp;&nbsp;&nbsp;&nbsp; Phillips Edison & Co., Inc. | 5616 | 199761 |
| &nbsp;&nbsp;&nbsp;&nbsp; PJT Partners, Inc. Cl A | 5414 | 905221 |
| &nbsp;&nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. | 1165 | 243170 |
| &nbsp;&nbsp;&nbsp;&nbsp; PotlatchDeltic Corp. | 6967 | 277147 |
| &nbsp;&nbsp;&nbsp;&nbsp; Primerica, Inc. | 2874 | 742527 |
| &nbsp;&nbsp;&nbsp;&nbsp; Principal Financial Group, Inc. | 594 | 52397 |
| &nbsp;&nbsp;&nbsp;&nbsp; Progressive Corp. | 1742 | 396688 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prologis, Inc. | 2760 | 352342 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prudential Financial, Inc. | 1040 | 117395 |
| &nbsp;&nbsp;&nbsp;&nbsp; Public Storage | 469 | 121705 |
| &nbsp;&nbsp;&nbsp;&nbsp; Raymond James Financial, Inc. | 524 | 84149 |
| &nbsp;&nbsp;&nbsp;&nbsp; Realty Income Corp. | 2733 | 154059 |
| &nbsp;&nbsp;&nbsp;&nbsp; Regency Centers Corp. | 489 | 33756 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — ALL AMERICA FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Financial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Regions Financial Corp. | 2606 | $70623 |
| &nbsp;&nbsp;&nbsp;&nbsp; Riot Platforms, Inc.\* | 16179 | 204988 |
| &nbsp;&nbsp;&nbsp;&nbsp; RLI Corp. | 12232 | 782603 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ryman Hospitality Properties, Inc. | 1584 | 149878 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sabra Health Care REIT, Inc. | 22961 | 434881 |
| &nbsp;&nbsp;&nbsp;&nbsp; SBA Communications Corp. | 317 | 61317 |
| &nbsp;&nbsp;&nbsp;&nbsp; ServisFirst Bancshares, Inc. | 10031 | 720125 |
| &nbsp;&nbsp;&nbsp;&nbsp; Simon Property Group, Inc. | 970 | 179557 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southstate Bank Corp. | 5516 | 519111 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Corp. | 830 | 107078 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stifel Financial Corp. | 2608 | 326574 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stock Yards Bancorp, Inc. | 9226 | 599229 |
| &nbsp;&nbsp;&nbsp;&nbsp; Synchrony Financial | 1070 | 89270 |
| &nbsp;&nbsp;&nbsp;&nbsp; T Rowe Price Group, Inc. | 648 | 66342 |
| &nbsp;&nbsp;&nbsp;&nbsp; Terreno Realty Corp. | 6447 | 378503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Travelers Cos., Inc. | 663 | 192310 |
| &nbsp;&nbsp;&nbsp;&nbsp; TriCo Bancshares | 8897 | 421451 |
| &nbsp;&nbsp;&nbsp;&nbsp; Truist Financial Corp. | 3801 | 187047 |
| &nbsp;&nbsp;&nbsp;&nbsp; UDR, Inc. | 894 | 32792 |
| &nbsp;&nbsp;&nbsp;&nbsp; UMB Financial Corp. | 5392 | 620296 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Bancorp | 4619 | 246470 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ventas, Inc. | 4585 | 354787 |
| &nbsp;&nbsp;&nbsp;&nbsp; VICI Properties, Inc. | 3176 | 89309 |
| &nbsp;&nbsp;&nbsp;&nbsp; Visa, Inc. Cl A | 5015 | 1758811 |
| &nbsp;&nbsp;&nbsp;&nbsp; W R Berkley Corp. | 892 | 62547 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo & Co. | 9328 | 869370 |
| &nbsp;&nbsp;&nbsp;&nbsp; Welltower, Inc. | 4531 | 840999 |
| &nbsp;&nbsp;&nbsp;&nbsp; Weyerhaeuser Co. | 9435 | 223515 |
| &nbsp;&nbsp;&nbsp;&nbsp; Willis Towers Watson PLC | 285 | 93651 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wintrust Financial Corp. | 4219 | 589901 |
| &nbsp;&nbsp;&nbsp;&nbsp; Xenia Hotels & Resorts, Inc. | 19086 | 269876 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;49901024 |
|  Industrial (14.0%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3M Co. | 1578 | 252638 |
| &nbsp;&nbsp;&nbsp;&nbsp; A O Smith Corp. | 337 | 22539 |
| &nbsp;&nbsp;&nbsp;&nbsp; Advanced Energy Industries, Inc. | 2266 | 474432 |
| &nbsp;&nbsp;&nbsp;&nbsp; Allegion PLC | 256 | 40760 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amcor PLC | 6859 | 57204 |
| &nbsp;&nbsp;&nbsp;&nbsp; AMETEK, Inc. | 7153 | 1468582 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amphenol Corp. Cl A | 13438 | 1816011 |
| &nbsp;&nbsp;&nbsp;&nbsp; Applied Industrial Technologies, Inc. | 7270 | 1866718 |
| &nbsp;&nbsp;&nbsp;&nbsp; AptarGroup, Inc. | 994 | 121228 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arcosa, Inc. | 3801 | 404122 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Industrial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Axon Enterprise, Inc.\* | 234 | $132896 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ball Corp. | 796 | 42164 |
| &nbsp;&nbsp;&nbsp;&nbsp; Boeing Co.\* | 2327 | 505238 |
| &nbsp;&nbsp;&nbsp;&nbsp; Builders FirstSource, Inc.\* | 4980 | 512392 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carlisle Cos., Inc. | 1520 | 486187 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carrier Global Corp. | 2352 | 124280 |
| &nbsp;&nbsp;&nbsp;&nbsp; Casella Waste Systems, Inc. Cl A\* | 4139 | 405374 |
| &nbsp;&nbsp;&nbsp;&nbsp; Caterpillar, Inc. | 1391 | 796862 |
| &nbsp;&nbsp;&nbsp;&nbsp; CH Robinson Worldwide, Inc. | 351 | 56427 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chart Industries, Inc.\* | 1484 | 306045 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clean Harbors, Inc.\* | 2344 | 549621 |
| &nbsp;&nbsp;&nbsp;&nbsp; Comfort Systems USA, Inc. | 469 | 437713 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crane Co. | 4460 | 822558 |
| &nbsp;&nbsp;&nbsp;&nbsp; CRH PLC | 1992 | 248602 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crown Holdings, Inc. | 12113 | 1247276 |
| &nbsp;&nbsp;&nbsp;&nbsp; CSX Corp. | 5533 | 200571 |
| &nbsp;&nbsp;&nbsp;&nbsp; Deere & Co. | 747 | 347781 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dover Corp. | 408 | 79658 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eaton Corp. PLC | 1154 | 367561 |
| &nbsp;&nbsp;&nbsp;&nbsp; EMCOR Group, Inc. | 1898 | 1161177 |
| &nbsp;&nbsp;&nbsp;&nbsp; Emerson Electric Co. | 1669 | 221510 |
| &nbsp;&nbsp;&nbsp;&nbsp; Enpro, Inc. | 3015 | 645602 |
| &nbsp;&nbsp;&nbsp;&nbsp; ESCO Technologies, Inc. | 6590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1287620 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expeditors International of Washington, Inc. | 398 | 59306 |
| &nbsp;&nbsp;&nbsp;&nbsp; Exponent, Inc. | 3480 | 241721 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fabrinet\* | 1503 | 684286 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Signal Corp. | 6053 | 657295 |
| &nbsp;&nbsp;&nbsp;&nbsp; FedEx Corp. | 645 | 186315 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fortive Corp. | 944 | 52118 |
| &nbsp;&nbsp;&nbsp;&nbsp; Garmin Ltd. | 486 | 98585 |
| &nbsp;&nbsp;&nbsp;&nbsp; GE Vernova, Inc. | 806 | 526777 |
| &nbsp;&nbsp;&nbsp;&nbsp; Generac Holdings, Inc.\* | 174 | 23728 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Dynamics Corp. | 753 | 253505 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Electric Co. | 3134 | 965366 |
| &nbsp;&nbsp;&nbsp;&nbsp; Graco, Inc. | 8273 | 678138 |
| &nbsp;&nbsp;&nbsp;&nbsp; HEICO Corp. Cl A | 2589 | 653541 |
| &nbsp;&nbsp;&nbsp;&nbsp; Honeywell International, Inc. | 1887 | 368135 |
| &nbsp;&nbsp;&nbsp;&nbsp; Howmet Aerospace, Inc. | 1195 | 244999 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hubbell, Inc. | 158 | 70169 |
| &nbsp;&nbsp;&nbsp;&nbsp; Huntington Ingalls Industries, Inc. | 117 | 39788 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ichor Holdings Ltd.\* | 7376 | 135940 |
| &nbsp;&nbsp;&nbsp;&nbsp; IDEX Corp. | 222 | 39503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Illinois Tool Works, Inc. | 784 | 193099 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ingersoll Rand, Inc. | 1068 | 84607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jabil, Inc. | 317 | 72282 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jacobs Solutions, Inc. | 355 | 47023 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — ALL AMERICA FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Industrial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; JB Hunt Transport Services, Inc. | 224 | $43532 |
| &nbsp;&nbsp;&nbsp;&nbsp; Johnson Controls International PLC | 1816 | 217466 |
| &nbsp;&nbsp;&nbsp;&nbsp; Keysight Technologies, Inc.\* | 511 | 103830 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3Harris Technologies, Inc. | 3203 | 940305 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lennox International, Inc. | 95 | 46130 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lockheed Martin Corp. | 605 | 292620 |
| &nbsp;&nbsp;&nbsp;&nbsp; Martin Marietta Materials, Inc. | 902 | 561639 |
| &nbsp;&nbsp;&nbsp;&nbsp; Masco Corp. | 617 | 39155 |
| &nbsp;&nbsp;&nbsp;&nbsp; Materion Corp. | 3573 | 444195 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mercury Systems, Inc.\* | 14998 | 1095004 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mettler-Toledo International, Inc.\* | 61 | 85046 |
| &nbsp;&nbsp;&nbsp;&nbsp; Modine Manufacturing Co.\* | 4322 | 577030 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mueller Industries, Inc. | 11354 | 1303439 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nordson Corp. | 159 | 38228 |
| &nbsp;&nbsp;&nbsp;&nbsp; Norfolk Southern Corp. | 667 | 192576 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northrop Grumman Corp. | 399 | 227514 |
| &nbsp;&nbsp;&nbsp;&nbsp; Novanta, Inc.\* | 3806 | 452876 |
| &nbsp;&nbsp;&nbsp;&nbsp; Old Dominion Freight Line, Inc. | 547 | 85770 |
| &nbsp;&nbsp;&nbsp;&nbsp; Otis Worldwide Corp. | 1158 | 101151 |
| &nbsp;&nbsp;&nbsp;&nbsp; Packaging Corp. of America | 266 | 54857 |
| &nbsp;&nbsp;&nbsp;&nbsp; Parker-Hannifin Corp. | 375 | 329610 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pentair PLC | 486 | 50612 |
| &nbsp;&nbsp;&nbsp;&nbsp; Powell Industries, Inc. | 695 | 221552 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC Bearings, Inc.\* | 2645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1186097 |
| &nbsp;&nbsp;&nbsp;&nbsp; Republic Services, Inc. | 598 | 126734 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rockwell Automation, Inc. | 334 | 129949 |
| &nbsp;&nbsp;&nbsp;&nbsp; RTX Corp. | 3984 | 730666 |
| &nbsp;&nbsp;&nbsp;&nbsp; Saia, Inc.\* | 2030 | 662836 |
| &nbsp;&nbsp;&nbsp;&nbsp; Simpson Manufacturing Co., Inc. | 2257 | 364438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Smurfit WestRock PLC | 1552 | 60016 |
| &nbsp;&nbsp;&nbsp;&nbsp; Snap-on, Inc. | 155 | 53413 |
| &nbsp;&nbsp;&nbsp;&nbsp; SPX Technologies, Inc.\* | 1123 | 224667 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stanley Black & Decker, Inc. | 460 | 34169 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sterling Infrastructure, Inc.\* | 2581 | 790380 |
| &nbsp;&nbsp;&nbsp;&nbsp; TE Connectivity PLC | 874 | 198844 |
| &nbsp;&nbsp;&nbsp;&nbsp; Teledyne Technologies, Inc.\* | 2016 | 1029632 |
| &nbsp;&nbsp;&nbsp;&nbsp; Textron, Inc. | 524 | 45677 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trane Technologies PLC | 659 | 256483 |
| &nbsp;&nbsp;&nbsp;&nbsp; TransDigm Group, Inc. | 167 | 222085 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Industrial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Trimble, Inc.\* | 707 | $55394 |
| &nbsp;&nbsp;&nbsp;&nbsp; TTM Technologies, Inc.\* | 1786 | 123234 |
| &nbsp;&nbsp;&nbsp;&nbsp; UFP Industries, Inc. | 7617 | 693528 |
| &nbsp;&nbsp;&nbsp;&nbsp; Union Pacific Corp. | 1763 | 407817 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Parcel Service, Inc. Cl B | 2196 | 217821 |
| &nbsp;&nbsp;&nbsp;&nbsp; Veralto Corp. | 3190 | 318298 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vertiv Holdings Co. Cl A | 5275 | 854603 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vontier Corp. | 16427 | 610756 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vulcan Materials Co. | 393 | 112092 |
| &nbsp;&nbsp;&nbsp;&nbsp; Waste Management, Inc. | 1101 | 241901 |
| &nbsp;&nbsp;&nbsp;&nbsp; Westinghouse Air Brake Technologies Corp. | 508 | 108433 |
| &nbsp;&nbsp;&nbsp;&nbsp; Xylem, Inc. | 1611 | 219386 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;41469061 |
|  Technology (23.0%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accenture PLC Cl A | 1843 | 494477 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adobe, Inc.\* | 1244 | 435388 |
| &nbsp;&nbsp;&nbsp;&nbsp; Advanced Micro Devices, Inc.\* | 4838 | 1036106 |
| &nbsp;&nbsp;&nbsp;&nbsp; Agilysys, Inc.\* | 4671 | 555102 |
| &nbsp;&nbsp;&nbsp;&nbsp; Akamai Technologies, Inc.\* | 427 | 37256 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alkami Technology, Inc.\* | 4629 | 106791 |
| &nbsp;&nbsp;&nbsp;&nbsp; Analog Devices, Inc. | 1462 | 396494 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apple, Inc. | 43907 | 11936557 |
| &nbsp;&nbsp;&nbsp;&nbsp; Applied Materials, Inc. | 2367 | 608295 |
| &nbsp;&nbsp;&nbsp;&nbsp; Atlassian Corp. Cl A\* | 2506 | 406323 |
| &nbsp;&nbsp;&nbsp;&nbsp; Autodesk, Inc.\* | 633 | 187374 |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackLine, Inc.\* | 7762 | 429161 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadcom, Inc. | 14032 | 4856475 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadridge Financial Solutions, Inc. | 347 | 77440 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cadence Design Systems, Inc.\* | 809 | 252877 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cloudflare, Inc. Cl A\* | 3353 | 661044 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cognizant Technology Solutions Corp. Cl A | 1434 | 119022 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crowdstrike Holdings, Inc. Cl A\* | 746 | 349695 |
| &nbsp;&nbsp;&nbsp;&nbsp; CyberArk Software Ltd.\* | 1733 | 773022 |
| &nbsp;&nbsp;&nbsp;&nbsp; Datadog, Inc. Cl A\* | 5298 | 720475 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dayforce, Inc.\* | 476 | 32920 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dell Technologies, Inc. Cl C | 896 | 112789 |
| &nbsp;&nbsp;&nbsp;&nbsp; Digi International, Inc.\* | 7267 | 314588 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronic Arts, Inc. | 667 | 136288 |
| &nbsp;&nbsp;&nbsp;&nbsp; EPAM Systems, Inc.\* | 961 | 196890 |
| &nbsp;&nbsp;&nbsp;&nbsp; ExlService Holdings, Inc.\* | 8093 | 343467 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fair Isaac Corp.\* | 70 | 118343 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — ALL AMERICA FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Technology (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity National Information Services, Inc. | 1539 | $102282 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fiserv, Inc.\* | 1598 | 107338 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fortinet, Inc.\* | 1878 | 149132 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gartner, Inc.\* | 214 | 53988 |
| &nbsp;&nbsp;&nbsp;&nbsp; Grid Dynamics Holdings, Inc.\* | 30557 | 275930 |
| &nbsp;&nbsp;&nbsp;&nbsp; Guidewire Software, Inc.\* | 1653 | 332270 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co. | 3921 | 94182 |
| &nbsp;&nbsp;&nbsp;&nbsp; HP, Inc. | 2777 | 61872 |
| &nbsp;&nbsp;&nbsp;&nbsp; I3 Verticals, Inc. Cl A\* | 8067 | 203208 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intel Corp.\* | 13323 | 491619 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Business Machines Corp. | 2777 | 822575 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intuit, Inc. | 828 | 548484 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jack Henry & Associates, Inc. | 215 | 39233 |
| &nbsp;&nbsp;&nbsp;&nbsp; KLA Corp. | 390 | 473881 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lam Research Corp. | 3732 | 638844 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leidos Holdings, Inc. | 380 | 68552 |
| &nbsp;&nbsp;&nbsp;&nbsp; Microchip Technology, Inc. | 1606 | 102334 |
| &nbsp;&nbsp;&nbsp;&nbsp; Micron Technology, Inc. | 3335 | 951842 |
| &nbsp;&nbsp;&nbsp;&nbsp; Microsoft Corp. | 22085 | &nbsp;&nbsp;&nbsp;&nbsp;10680748 |
| &nbsp;&nbsp;&nbsp;&nbsp; MKS, Inc. | 1597 | 255201 |
| &nbsp;&nbsp;&nbsp;&nbsp; Monolithic Power Systems, Inc. | 473 | 428708 |
| &nbsp;&nbsp;&nbsp;&nbsp; MSCI, Inc. | 890 | 510620 |
| &nbsp;&nbsp;&nbsp;&nbsp; NetApp, Inc. | 593 | 63504 |
| &nbsp;&nbsp;&nbsp;&nbsp; NVIDIA Corp. | 72206 | 13466419 |
| &nbsp;&nbsp;&nbsp;&nbsp; NXP Semiconductors NV | 748 | 162361 |
| &nbsp;&nbsp;&nbsp;&nbsp; ON Semiconductor Corp.\* | 7306 | 395620 |
| &nbsp;&nbsp;&nbsp;&nbsp; Onto Innovation, Inc.\* | 2258 | 356448 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oracle Corp. | 4998 | 974160 |
| &nbsp;&nbsp;&nbsp;&nbsp; Palantir Technologies, Inc. Cl A\* | 6788 | 1206567 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paychex, Inc. | 962 | 107917 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paycom Software, Inc. | 145 | 23107 |
| &nbsp;&nbsp;&nbsp;&nbsp; PDF Solutions, Inc.\* | 6243 | 178113 |
| &nbsp;&nbsp;&nbsp;&nbsp; PTC, Inc.\* | 356 | 62019 |
| &nbsp;&nbsp;&nbsp;&nbsp; QUALCOMM, Inc. | 3182 | 544281 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rambus, Inc.\* | 5899 | 542059 |
| &nbsp;&nbsp;&nbsp;&nbsp; Red Violet, Inc. | 5241 | 298475 |
| &nbsp;&nbsp;&nbsp;&nbsp; Roper Technologies, Inc. | 2546 | 1133301 |
| &nbsp;&nbsp;&nbsp;&nbsp; Salesforce, Inc. | 2829 | 749430 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sandisk Corp.\* | 414 | 98275 |
| &nbsp;&nbsp;&nbsp;&nbsp; Seagate Technology Holdings PLC | 647 | 178177 |
| &nbsp;&nbsp;&nbsp;&nbsp; ServiceNow, Inc.\* | 3083 | 472285 |
| &nbsp;&nbsp;&nbsp;&nbsp; Skyworks Solutions, Inc. | 442 | 28027 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Technology (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Super Micro Computer, Inc.\* | 1490 | $43612 |
| &nbsp;&nbsp;&nbsp;&nbsp; Synaptics, Inc.\* | 4807 | 355814 |
| &nbsp;&nbsp;&nbsp;&nbsp; Synopsys, Inc.\* | 552 | 259286 |
| &nbsp;&nbsp;&nbsp;&nbsp; Take-Two Interactive Software, Inc.\* | 5348 | 1369248 |
| &nbsp;&nbsp;&nbsp;&nbsp; Teradyne, Inc. | 465 | 90005 |
| &nbsp;&nbsp;&nbsp;&nbsp; Texas Instruments, Inc. | 2700 | 468423 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tyler Technologies, Inc.\* | 128 | 58106 |
| &nbsp;&nbsp;&nbsp;&nbsp; Veeva Systems, Inc. Cl A\* | 2539 | 566781 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Digital Corp. | 1016 | 175026 |
| &nbsp;&nbsp;&nbsp;&nbsp; Workday, Inc. Cl A\* | 645 | 138533 |
| &nbsp;&nbsp;&nbsp;&nbsp; Workiva, Inc.\* | 6291 | 542599 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zebra Technologies Corp. Cl A\* | 151 | 36666 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;68232146 |
|  Utilities (3.6%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AES Corp. | 2116 | 30343 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alliant Energy Corp. | 764 | 49668 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ameren Corp. | 804 | 80287 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Electric Power Co., Inc. | 1591 | 183458 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Water Works Co., Inc. | 580 | 75690 |
| &nbsp;&nbsp;&nbsp;&nbsp; Atmos Energy Corp. | 2463 | 412873 |
| &nbsp;&nbsp;&nbsp;&nbsp; Black Hills Corp. | 6915 | 480039 |
| &nbsp;&nbsp;&nbsp;&nbsp; CenterPoint Energy, Inc. | 1940 | 74380 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chesapeake Utilities Corp. | 3190 | 397984 |
| &nbsp;&nbsp;&nbsp;&nbsp; CMS Energy Corp. | 904 | 63217 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consolidated Edison, Inc. | 1072 | 106471 |
| &nbsp;&nbsp;&nbsp;&nbsp; Constellation Energy Corp. | 928 | 327835 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dominion Energy, Inc. | 2537 | 148643 |
| &nbsp;&nbsp;&nbsp;&nbsp; DTE Energy Co. | 617 | 79581 |
| &nbsp;&nbsp;&nbsp;&nbsp; Duke Energy Corp. | 2311 | 270872 |
| &nbsp;&nbsp;&nbsp;&nbsp; Edison International | 1143 | 68603 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entergy Corp. | 6311 | 583326 |
| &nbsp;&nbsp;&nbsp;&nbsp; Evergy, Inc. | 14980 | 1085900 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eversource Energy | 1115 | 75073 |
| &nbsp;&nbsp;&nbsp;&nbsp; Exelon Corp. | 3002 | 130857 |
| &nbsp;&nbsp;&nbsp;&nbsp; FirstEnergy Corp. | 1545 | 69170 |
| &nbsp;&nbsp;&nbsp;&nbsp; H2O America | 8048 | 394272 |
| &nbsp;&nbsp;&nbsp;&nbsp; NextEra Energy, Inc. | 6188 | 496773 |
| &nbsp;&nbsp;&nbsp;&nbsp; NiSource, Inc. | 25775 | 1076364 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northwestern Energy Group, Inc. | 7225 | 466301 |
| &nbsp;&nbsp;&nbsp;&nbsp; NRG Energy, Inc. | 10556 | 1680937 |
| &nbsp;&nbsp;&nbsp;&nbsp; PG&E Corp. | 6531 | 104953 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pinnacle West Capital Corp. | 356 | 31577 |
| &nbsp;&nbsp;&nbsp;&nbsp; PPL Corp. | 2198 | 76974 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — ALL AMERICA FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Utilities (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Public Service Enterprise Group, Inc. | 1483 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119085 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sempra | 1939 | 171194 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southern Co. | 3272 | 285318 |
| &nbsp;&nbsp;&nbsp;&nbsp; Spire, Inc. | 5925 | 489998 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vistra Corp. | 946 | 152618 |
| &nbsp;&nbsp;&nbsp;&nbsp; WEC Energy Group, Inc. | 967 | 101980 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Utilities (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Xcel Energy, Inc. | 1758 | $129846 |
|  |  | 10572460 |
|  Total Common Stocks<br>(Cost: $197,449,187) |  | &nbsp;&nbsp;&nbsp;&nbsp;289418442 |
|  **RIGHTS (–%):** |  |  |
|  Consumer, Non-cyclical (–%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Blueprint Medicines Corp.<br>— contingent value rights\* | 1898 | 0‡ |
|  Total Rights<br>(Cost: $—) |  | 0 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **SHORT-TERM DEBT SECURITIES (1.4%):** |  |  |  |  |  |
|  U.S. Government (1.4%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.52 | 01/27/26 | $1250000 | $1246826 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.60 | 01/06/26 | 2300000 | 2298853 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill(1) | A-1+ | 3.81 | 02/17/26 | 750000 | 746310 |
|  Total Short-Term Debt Securities<br>(Cost: $4,291,989) |  |  |  |  | 4291989 |
|  |  |  | **Rate(%)** | **Face Amount** | **Value** |
|  **TEMPORARY CASH INVESTMENT (0.9%)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Securities Cash Management, Institutional Shares | &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Securities Cash Management, Institutional Shares | &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Securities Cash Management, Institutional Shares | 3.63 | $2705987 | $2705987 |
|  Total Temporary Cash Investment<br>(Cost: $2,705,987) |  |  |  |  | 2705987 |
|  Total Investments<br>(Cost: $204,447,163) 100.0% |  |  |  |  | 296416418 |
|  Other Net Assets 0.0%(2) |  |  |  |  | 2618 |
|  Net Assets 100.0% |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;296419036 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
\* Non-income producing security.

\*\* Ratings as per Standard & Poor's Corporation (unaudited).

‡ Level 3 Security.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — ALL AMERICA FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025
(1) This security, or a portion thereof, has been segregated to cover initial margin requirements on open futures contracts. Information on futures contracts outstanding in the Fund as of December 31, 2025, was as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contract**<br> **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Type** | **Number of<br>Contracts** | **Purchased (P)<br>or Sold (S)** | **Expiration** <br>**Date** | **Underlying<br> Face Amount <br>at Value** | **Unrealized<br>Gain(Loss)(a)** | **Face Value<br>of Futures<br>as a %<br>of Total**<br>**Investments** |
| E-mini S&P 500 Stock Index | 10 | P | March 2026 | $3446250 | $(15283) | 1.2% |

---

(a) Includes the cumulative appreciation (depreciation) of futures contracts, which is included in Total Distributable Earnings (Loss) in the Components of Net Assets section of the Statements of Assets and Liabilities. The Receivable or Payable for Daily Variation on Futures Contracts in the Statements of Assets and Liabilities only includes the current day's variation margin payable or receivable.

(2) Percentage is less than 0.05%.

The accompanying notes are an integral part of these portfolio schedules.

------

**MoA FUNDS** — **SMALL CAP VALUE FUND** 

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (97.0%):** |  |  |
|  Basic Materials (3.8%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Metals Co. | 61147 | $4232595 |
| &nbsp;&nbsp;&nbsp;&nbsp; Innospec, Inc. | 49175 | 3763855 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quaker Chemical Corp. | 43783 | 6011844 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;14008294 |
|  Communications (2.3%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Telephone and Data Systems, Inc. | 208215 | 8536814 |
|  Consumer, Cyclical (7.6%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; First Watch Restaurant Group, Inc.\* | 138729 | 2092033 |
| &nbsp;&nbsp;&nbsp;&nbsp; Installed Building Products, Inc. | 16047 | 4162431 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taylor Morrison Home Corp.\* | 86000 | 5062820 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vail Resorts, Inc. | 29754 | 3951331 |
| &nbsp;&nbsp;&nbsp;&nbsp; VSE Corp. | 46814 | 8088054 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wyndham Hotels & Resorts, Inc. | 57172 | 4319916 |
|  |  | 27676585 |
|  Consumer, Non-cyclical (14.0%) | Consumer, Non-cyclical (14.0%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alkermes PLC\* | 16812 | 470400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Annexon, Inc.\* | 270119 | 1355997 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arlo Technologies, Inc.\* | 275891 | 3859715 |
| &nbsp;&nbsp;&nbsp;&nbsp; BioLife Solutions, Inc.\* | 240421 | 5813380 |
| &nbsp;&nbsp;&nbsp;&nbsp; Concentra Group Holdings Parent, Inc. | 265189 | 5218920 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crimson Wine Group Ltd.\* | 482675 | 2365108 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cytokinetics, Inc.\* | 40903 | 2598977 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Advantage Corp.\* | 104495 | 1518312 |
| &nbsp;&nbsp;&nbsp;&nbsp; Krystal Biotech, Inc.\* | 12274 | 3026032 |
| &nbsp;&nbsp;&nbsp;&nbsp; Legend Biotech Corp.\* | 34752 | 755508 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nomad Foods Ltd. | 163425 | 2044447 |
| &nbsp;&nbsp;&nbsp;&nbsp; Omnicell, Inc.\* | 73889 | 3347172 |
| &nbsp;&nbsp;&nbsp;&nbsp; Soleno Therapeutics, Inc.\* | 23816 | 1102681 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stevanato Group SpA | 274809 | 5529157 |
| &nbsp;&nbsp;&nbsp;&nbsp; Supernus Pharmaceuticals, Inc.\* | 104947 | 5215866 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tarsus Pharmaceuticals, Inc.\* | 39813 | 3259888 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vericel Corp.\* | 62395 | 2246844 |
| &nbsp;&nbsp;&nbsp;&nbsp; Xenon Pharmaceuticals, Inc.\* | 38896 | 1743319 |
|  |  | 51471723 |
|  Energy (5.9%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Noble Corp. PLC | 78693 | 2222290 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northern Oil & Gas, Inc. | 203782 | 4375200 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ovintiv, Inc. | 133637 | 5237234 |
| &nbsp;&nbsp;&nbsp;&nbsp; Permian Resources Corp. | 392721 | 5509876 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Energy (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Tidewater, Inc.\* | 87795 | $4434525 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;21779125 |
|  Financial (39.6%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; American Healthcare REIT, Inc. | 244731 | 11517040 |
| &nbsp;&nbsp;&nbsp;&nbsp; BancFirst Corp. | 29736 | 3152611 |
| &nbsp;&nbsp;&nbsp;&nbsp; Core Scientific, Inc.\* | 228426 | 3325883 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cousins Properties, Inc. | 123929 | 3194890 |
| &nbsp;&nbsp;&nbsp;&nbsp; Curbline Properties Corp. | 255789 | 5936863 |
| &nbsp;&nbsp;&nbsp;&nbsp; Enterprise Financial Services Corp. | 120079 | 6484266 |
| &nbsp;&nbsp;&nbsp;&nbsp; Essent Group Ltd. | 102638 | 6672496 |
| &nbsp;&nbsp;&nbsp;&nbsp; Essential Properties Realty Trust, Inc. | 81149 | 2406879 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Financial Bankshares, Inc. | 177391 | 5298669 |
| &nbsp;&nbsp;&nbsp;&nbsp; German American Bancorp, Inc. | 158328 | 6203291 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hancock Whitney Corp. | 115318 | 7343450 |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Group PLC | 151538 | 7208663 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kite Realty Group Trust | 223449 | 5356073 |
| &nbsp;&nbsp;&nbsp;&nbsp; PJT Partners, Inc. Cl A | 25344 | 4237517 |
| &nbsp;&nbsp;&nbsp;&nbsp; PotlatchDeltic Corp. | 83698 | 3329506 |
| &nbsp;&nbsp;&nbsp;&nbsp; Riot Platforms, Inc.\* | 193412 | 2450530 |
| &nbsp;&nbsp;&nbsp;&nbsp; RLI Corp. | 107120 | 6853538 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sabra Health Care REIT, Inc. | 282865 | 5357463 |
| &nbsp;&nbsp;&nbsp;&nbsp; ServisFirst Bancshares, Inc. | 65514 | 4703250 |
| &nbsp;&nbsp;&nbsp;&nbsp; SouthState Bank Corp. | 66511 | 6259350 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stifel Financial Corp. | 31298 | 3919136 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stock Yards Bancorp, Inc. | 113522 | 7373254 |
| &nbsp;&nbsp;&nbsp;&nbsp; Terreno Realty Corp. | 51029 | 2995913 |
| &nbsp;&nbsp;&nbsp;&nbsp; TriCo Bancshares | 108864 | 5156888 |
| &nbsp;&nbsp;&nbsp;&nbsp; UMB Financial Corp. | 65020 | 7479901 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wintrust Financial Corp. | 51357 | 7180736 |
| &nbsp;&nbsp;&nbsp;&nbsp; Xenia Hotels & Resorts, Inc. | 226526 | 3203078 |
|  |  | 144601134 |
|  Industrial (14.7%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Applied Industrial Technologies, Inc. | 18993 | 4876833 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arcosa, Inc. | 46797 | 4975457 |
| &nbsp;&nbsp;&nbsp;&nbsp; Enpro, Inc. | 37126 | 7949790 |
| &nbsp;&nbsp;&nbsp;&nbsp; Materion Corp. | 26318 | 3271854 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mercury Systems, Inc.\* | 102071 | 7452204 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mueller Industries, Inc. | 99201 | 11388274 |
| &nbsp;&nbsp;&nbsp;&nbsp; Simpson Manufacturing Co., Inc. | 26618 | 4298008 |
| &nbsp;&nbsp;&nbsp;&nbsp; TTM Technologies, Inc.\* | 21350 | 1473150 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

**MoA FUNDS** — **SMALL CAP VALUE FUND** 

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Industrial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; UFP Industries, Inc. | 44121 | $4017217 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vontier Corp. | 117198 | 4357422 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;54060209 |
|  Technology (3.0%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Digi International, Inc.\* . | 90772 | 3929520 |
| &nbsp;&nbsp;&nbsp;&nbsp; I3 Verticals, Inc. Cl A\* | 96595 | 2433228 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Technology (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Synaptics, Inc.\* | 57114 | $4227578 |
|  |  | 10590326 |
|  Utilities (6.1%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Black Hills Corp. | 86159 | 5981158 |
| &nbsp;&nbsp;&nbsp;&nbsp; H2O America | 100987 | 4947353 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northwestern Energy Group, Inc. | 90021 | 5809955 |
| &nbsp;&nbsp;&nbsp;&nbsp; Spire, Inc. | 72574 | 6001870 |
|  |  | 22740336 |
|  Total Common Stocks<br>(Cost: $295,624,193) |  | 355464546 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **SHORT-TERM DEBT SECURITIES (2.6%):** |  |  |  |  |  |
|  U.S. Government (2.6%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.53 | 01/27/26 | $800000 | $797965 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.63 | 01/06/26 | 7300000 | 7296325 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.79 | 02/17/26 | 1500000 | 1492673 |
|  Total Short-Term Debt Securities<br>(Cost: $9,586,963) | Total Short-Term Debt Securities<br>(Cost: $9,586,963) | Total Short-Term Debt Securities<br>(Cost: $9,586,963) | Total Short-Term Debt Securities<br>(Cost: $9,586,963) | Total Short-Term Debt Securities<br>(Cost: $9,586,963) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9586963 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Rate(%)** | **Face Amount** | **Value** |
|  **TEMPORARY CASH INVESTMENT (0.1%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Securities Cash Management, Institutional Shares | 3.63 | $415237 | $415237 |
|  Total Temporary Cash Investment<br>(Cost: $415,237) |  |  | 415237 |
|  Total Investments<br>(Cost: $305,626,393) 99.7% |  |  | 365466746 |
|  Other Net Assets 0.3% |  |  | 1216616 |
|  Net Assets 100.0% |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;366683362 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
\* Non-income producing security.

\*\* Ratings as per Standard & Poor's Corporation (unaudited).

The accompanying notes are an integral part of these portfolio schedules.

------

**MoA FUNDS** — **SMALL CAP GROWTH FUND** 

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (98.2%):** |  |  |
|  Basic Materials (2.1%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Innospec, Inc. | 29823 | $2282653 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quaker Chemical Corp. | 49410 | 6784487 |
|  |  | 9067140 |
|  Communications (3.5%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Credo Technology Group Holding Ltd.\* | 76800 | 11050752 |
| &nbsp;&nbsp;&nbsp;&nbsp; Q2 Holdings, Inc.\* | 54886 | 3960574 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;15011326 |
|  Consumer, Cyclical (7.8%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; First Watch Restaurant Group, Inc.\* | 218620 | 3296790 |
| &nbsp;&nbsp;&nbsp;&nbsp; IMAX Corp.\* | 77693 | 2871533 |
| &nbsp;&nbsp;&nbsp;&nbsp; Installed Building Products, Inc. | 22129 | 5740041 |
| &nbsp;&nbsp;&nbsp;&nbsp; Murphy USA, Inc. | 11877 | 4792607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ollie's Bargain Outlet Holdings, Inc.\* | 25161 | 2757897 |
| &nbsp;&nbsp;&nbsp;&nbsp; OneSpaWorld Holdings Ltd. | 158798 | 3293470 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taylor Morrison Home Corp.\* | 41510 | 2443694 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vail Resorts, Inc. | 35989 | 4779339 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wingstop, Inc. | 6679 | 1592875 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wyndham Hotels & Resorts, Inc. | 21019 | 1588196 |
|  |  | 33156442 |
|  Consumer, Non-cyclical (26.8%) | Consumer, Non-cyclical (26.8%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Addus HomeCare Corp.\* | 53571 | 5752990 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alkermes PLC\* | 33458 | 936155 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amicus Therapeutics, Inc.\* | 259471 | 3694867 |
| &nbsp;&nbsp;&nbsp;&nbsp; Annexon, Inc.\* | 326773 | 1640400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arlo Technologies, Inc.\* | 349824 | 4894038 |
| &nbsp;&nbsp;&nbsp;&nbsp; Axsome Therapeutics, Inc.\* | 39398 | 7195651 |
| &nbsp;&nbsp;&nbsp;&nbsp; BioLife Solutions, Inc.\* | 290149 | 7015803 |
| &nbsp;&nbsp;&nbsp;&nbsp; Coca-Cola Consolidated, Inc. | 27326 | 4189076 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Advantage Corp.\* | 262427 | 3813064 |
| &nbsp;&nbsp;&nbsp;&nbsp; HealthEquity, Inc.\* | 41905 | 3838917 |
| &nbsp;&nbsp;&nbsp;&nbsp; Huron Consulting Group, Inc.\* | 34468 | 5959862 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insmed, Inc.\* | 32112 | 5588773 |
| &nbsp;&nbsp;&nbsp;&nbsp; iRhythm Technologies, Inc.\* | 19785 | 3510650 |
| &nbsp;&nbsp;&nbsp;&nbsp; Krystal Biotech, Inc.\* | 19749 | 4868918 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lantheus Holdings, Inc.\* | 22988 | 1529851 |
| &nbsp;&nbsp;&nbsp;&nbsp; Legend Biotech Corp.\* | 39970 | 868948 |
| &nbsp;&nbsp;&nbsp;&nbsp; LeMaitre Vascular, Inc. | 52433 | 4252316 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Consumer, Non-cyclical (Continued) | Consumer, Non-cyclical (Continued) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Madrigal Pharmaceuticals, Inc.\* | 11315 | $6589177 |
| &nbsp;&nbsp;&nbsp;&nbsp; Neogen Corp.\* | 332893 | 2326922 |
| &nbsp;&nbsp;&nbsp;&nbsp; Omnicell, Inc.\* | 31137 | 1410506 |
| &nbsp;&nbsp;&nbsp;&nbsp; Option Care Health, Inc.\* | 71625 | 2281973 |
| &nbsp;&nbsp;&nbsp;&nbsp; OrthoPediatrics Corp.\* | 166985 | 2965654 |
| &nbsp;&nbsp;&nbsp;&nbsp; Soleno Therapeutics, Inc.\* | 53674 | 2485106 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stevanato Group SpA | 328158 | 6602539 |
| &nbsp;&nbsp;&nbsp;&nbsp; Supernus Pharmaceuticals, Inc.\* | 69039 | 3431238 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tarsus Pharmaceuticals, Inc.\* | 67022 | 5487761 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tenet Healthcare Corp.\* | 24149 | 4798889 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vericel Corp.\* | 82747 | 2979720 |
| &nbsp;&nbsp;&nbsp;&nbsp; Xenon Pharmaceuticals, Inc.\* | 69154 | 3099482 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;114009246 |
|  Energy (3.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expand Energy Corp. | 24462 | 2699626 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northern Oil & Gas, Inc. | 214965 | 4615299 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tidewater, Inc.\* | 76217 | 3849721 |
| &nbsp;&nbsp;&nbsp;&nbsp; Valaris Ltd.\* | 51201 | 2580530 |
|  |  | 13745176 |
|  Financial (10.9%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Core Scientific, Inc.\* | 315539 | 4594248 |
| &nbsp;&nbsp;&nbsp;&nbsp; Curbline Properties Corp. | 185600 | 4307776 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Financial Bankshares, Inc. | 241346 | 7209005 |
| &nbsp;&nbsp;&nbsp;&nbsp; Houlihan Lokey, Inc. | 30140 | 5250087 |
| &nbsp;&nbsp;&nbsp;&nbsp; Phillips Edison & Co., Inc. | 83002 | 2952381 |
| &nbsp;&nbsp;&nbsp;&nbsp; PJT Partners, Inc. Cl A . | 47003 | 7858901 |
| &nbsp;&nbsp;&nbsp;&nbsp; Primerica, Inc. | 15233 | 3935598 |
| &nbsp;&nbsp;&nbsp;&nbsp; RLI Corp. | 46664 | 2985563 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ryman Hospitality Properties, Inc. | 24798 | 2346387 |
| &nbsp;&nbsp;&nbsp;&nbsp; ServisFirst Bancshares, Inc. | 67779 | 4865854 |
|  |  | 46305800 |
|  Industrial (28.4%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Advanced Energy Industries, Inc. | 32388 | 6781076 |
| &nbsp;&nbsp;&nbsp;&nbsp; Applied Industrial Technologies, Inc. | 28293 | 7264794 |
| &nbsp;&nbsp;&nbsp;&nbsp; Casella Waste Systems, Inc. Cl A\* | 59291 | 5806960 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chart Industries, Inc.\* | 21251 | 4382594 |
| &nbsp;&nbsp;&nbsp;&nbsp; EMCOR Group, Inc. | 9138 | 5590537 |
| &nbsp;&nbsp;&nbsp;&nbsp; ESCO Technologies, Inc. | 59745 | 11673576 |
| &nbsp;&nbsp;&nbsp;&nbsp; Exponent, Inc. | 51920 | 3606363 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

**MoA FUNDS** — **SMALL CAP GROWTH FUND** 

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Industrial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fabrinet\* | 21521 | $9798081 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Signal Corp. | 86871 | 9433322 |
| &nbsp;&nbsp;&nbsp;&nbsp; Materion Corp. | 21353 | 2654605 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mercury Systems, Inc.\* | 96249 | 7027139 |
| &nbsp;&nbsp;&nbsp;&nbsp; Modine Manufacturing Co.\* | 64616 | 8626882 |
| &nbsp;&nbsp;&nbsp;&nbsp; Novanta, Inc.\* | 54526 | 6488049 |
| &nbsp;&nbsp;&nbsp;&nbsp; Powell Industries, Inc. | 9968 | 3177599 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC Bearings, Inc.\* | 16653 | 7467705 |
| &nbsp;&nbsp;&nbsp;&nbsp; Saia, Inc.\* | 7593 | 2479266 |
| &nbsp;&nbsp;&nbsp;&nbsp; SPX Technologies, Inc.\* | 16466 | 3294188 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sterling Infrastructure, Inc.\* | 37797 | 11574575 |
| &nbsp;&nbsp;&nbsp;&nbsp; UFP Industries, Inc. | 41153 | 3746981 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;120874292 |
|  Technology (14.1%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Agilysys, Inc.\* | 66738 | 7931144 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alkami Technology, Inc.\* | 68620 | 1583063 |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackLine, Inc.\* | 110910 | 6132214 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Technology (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; CyberArk Software Ltd.\* | 15981 | $7128485 |
| &nbsp;&nbsp;&nbsp;&nbsp; ExlService Holdings, Inc.\* | 117900 | 5003676 |
| &nbsp;&nbsp;&nbsp;&nbsp; Grid Dynamics Holdings, Inc.\* | 445663 | 4024337 |
| &nbsp;&nbsp;&nbsp;&nbsp; Onto Innovation, Inc.\* | 34322 | 5418071 |
| &nbsp;&nbsp;&nbsp;&nbsp; PDF Solutions, Inc.\* | 97748 | 2788750 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rambus, Inc.\* | 85690 | 7874054 |
| &nbsp;&nbsp;&nbsp;&nbsp; Red Violet, Inc. | 75125 | 4278369 |
| &nbsp;&nbsp;&nbsp;&nbsp; Workiva, Inc.\* | 89877 | 7751891 |
|  |  | 59914054 |
|  Utilities (1.4%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Chesapeake Utilities Corp. | 46767 | 5834651 |
|  Total Common Stocks<br>(Cost: $317,908,109) |  | &nbsp;&nbsp;&nbsp;&nbsp;417918127 |
|  **RIGHTS (–%):** |  |  |
|  Consumer, Non-cyclical (–%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Blueprint Medicines Corp. — contingent value rights\* | 24797 | 0‡ |
|  Total Rights<br>(Cost: $—) |  | 0 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **SHORT-TERM DEBT SECURITIES (1.8%):** |  |  |  |  |  |
|  U.S. Government (1.8%) | U.S. Government (1.8%) | U.S. Government (1.8%) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.54 | 01/27/26 | $1250000 | $1246818 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.66 | 01/06/26 | 6600000 | 6596656 |
|  Total Short-Term Debt Securities<br>(Cost: $7,843,474) |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7843474 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Rate(%)** | **Face Amount** | **Value** |
|  **TEMPORARY CASH INVESTMENT (0.2%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Securities Cash Management, Institutional Shares | 3.63 | $656720 | $656720 |
|  Total Temporary Cash Investment<br>(Cost: $656,720) |  |  | 656720 |
|  Total Investments<br>(Cost: $326,408,303) 100.2% |  |  | 426418321 |
|  Other Net Assets -0.2% |  |  | (859962) |
|  Net Assets 100.0% |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;425558359 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

**MoA FUNDS** — **SMALL CAP GROWTH FUND** 

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
\* Non-income producing security.

‡ Level 3 Security.

\*\* Ratings as per Standard & Poor's Corporation (unaudited).

The accompanying notes are an integral part of these portfolio schedules.

------

**MoA FUNDS** — **SMALL CAP EQUITY INDEX FUND** 

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (100.1%):** |  |  |
|  Basic Materials (4.0%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Balchem Corp. | 3702 | $567739 |
| &nbsp;&nbsp;&nbsp;&nbsp; Celanese Corp. | 12516 | 529177 |
| &nbsp;&nbsp;&nbsp;&nbsp; Century Aluminum Co.\* | 6081 | 238254 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemours Co. | 17132 | 201986 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eastman Chemical Co. | 13037 | 832152 |
| &nbsp;&nbsp;&nbsp;&nbsp; Element Solutions, Inc. | 25999 | 649715 |
| &nbsp;&nbsp;&nbsp;&nbsp; FMC Corp. | 14278 | 198036 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hawkins, Inc. | 2388 | 339239 |
| &nbsp;&nbsp;&nbsp;&nbsp; HB Fuller Co. | 6182 | 367582 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ingevity Corp.\* | 4110 | 243230 |
| &nbsp;&nbsp;&nbsp;&nbsp; Innospec, Inc. | 2832 | 216761 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kaiser Aluminum Corp. | 1835 | 210768 |
| &nbsp;&nbsp;&nbsp;&nbsp; Koppers Holdings, Inc. | 2242 | 60713 |
| &nbsp;&nbsp;&nbsp;&nbsp; Minerals Technologies, Inc. | 3558 | 216860 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quaker Chemical Corp. | 1566 | 215027 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rogers Corp.\* | 1912 | 175082 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sensient Technologies Corp. | 4855 | 456127 |
| &nbsp;&nbsp;&nbsp;&nbsp; Solstice Advanced Materials, Inc.\* | 18141 | 881290 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stepan Co. | 2456 | 116316 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sylvamo Corp. | 3786 | 182296 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6898350 |
|  Communications (5.0%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; A10 Networks, Inc. | 8198 | 145023 |
| &nbsp;&nbsp;&nbsp;&nbsp; Angi, Inc.\* | 4093 | 52922 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cable One, Inc. | 528 | 59585 |
| &nbsp;&nbsp;&nbsp;&nbsp; Calix, Inc.\* | 6893 | 364846 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cargurus, Inc.\* | 9285 | 356080 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cars.com, Inc.\* | 6358 | 77568 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cogent Communications Holdings, Inc. | 5425 | 116963 |
| &nbsp;&nbsp;&nbsp;&nbsp; ePlus, Inc. | 2994 | 262574 |
| &nbsp;&nbsp;&nbsp;&nbsp; Etsy, Inc.\* | 11281 | 625419 |
| &nbsp;&nbsp;&nbsp;&nbsp; Extreme Networks, Inc.\* | 15283 | 254462 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gogo, Inc.\* | 8873 | 41348 |
| &nbsp;&nbsp;&nbsp;&nbsp; Harmonic, Inc.\* | 12827 | 126859 |
| &nbsp;&nbsp;&nbsp;&nbsp; HealthStream, Inc. | 2713 | 62589 |
| &nbsp;&nbsp;&nbsp;&nbsp; IAC, Inc.\* | 7451 | 291334 |
| &nbsp;&nbsp;&nbsp;&nbsp; InterDigital, Inc. | 2942 | 936674 |
| &nbsp;&nbsp;&nbsp;&nbsp; Iridium Communications, Inc. | 11972 | 208073 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liquidity Services, Inc.\* | 2713 | 82231 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lumen Technologies, Inc.\* | 107846 | 837963 |
| &nbsp;&nbsp;&nbsp;&nbsp; Q2 Holdings, Inc.\* | 7147 | 515728 |
| &nbsp;&nbsp;&nbsp;&nbsp; QuinStreet, Inc.\* | 6486 | 93204 |
| &nbsp;&nbsp;&nbsp;&nbsp; Scholastic Corp. | 2584 | 76564 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shenandoah Telecommunications Co. | 5208 | 60204 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Communications (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Shutterstock, Inc. | 2760 | $52716 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sprinklr, Inc. Cl A\* | 13836 | 107644 |
| &nbsp;&nbsp;&nbsp;&nbsp; TEGNA, Inc. | 18408 | 357299 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telephone and Data Systems, Inc. | 11233 | 460553 |
| &nbsp;&nbsp;&nbsp;&nbsp; TripAdvisor, Inc.\* | 13362 | 194551 |
| &nbsp;&nbsp;&nbsp;&nbsp; Uniti Group, Inc.\* | 20490 | 143635 |
| &nbsp;&nbsp;&nbsp;&nbsp; Upwork, Inc.\* | 14933 | 295972 |
| &nbsp;&nbsp;&nbsp;&nbsp; Viasat, Inc.\* | 15460 | 532752 |
| &nbsp;&nbsp;&nbsp;&nbsp; Viavi Solutions, Inc.\* | 25510 | 454588 |
| &nbsp;&nbsp;&nbsp;&nbsp; Yelp, Inc.\* | 6677 | 202914 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ziff Davis, Inc.\* | 4515 | 158702 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8609539 |
|  Consumer, Cyclical (14.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Academy Sports & Outdoors, Inc. | 7615 | 380445 |
| &nbsp;&nbsp;&nbsp;&nbsp; Acushnet Holdings Corp. | 3151 | 251513 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adient PLC\* | 9052 | 173527 |
| &nbsp;&nbsp;&nbsp;&nbsp; Advance Auto Parts, Inc. | 6860 | 269598 |
| &nbsp;&nbsp;&nbsp;&nbsp; Allegiant Travel Co.\* | 1538 | 131145 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Axle & Manufacturing Holdings, Inc.\* | 13566 | 86958 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Eagle Outfitters, Inc. | 17999 | 474634 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asbury Automotive Group, Inc.\* | 2222 | 516682 |
| &nbsp;&nbsp;&nbsp;&nbsp; BJ's Restaurants, Inc.\* . | 2416 | 95190 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bloomin' Brands, Inc. | 8766 | 54086 |
| &nbsp;&nbsp;&nbsp;&nbsp; Boot Barn Holdings, Inc.\* | 3484 | 614821 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brinker International, Inc.\* | 5078 | 728795 |
| &nbsp;&nbsp;&nbsp;&nbsp; Buckle, Inc. | 3442 | 183872 |
| &nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc.\* | 23328 | 545642 |
| &nbsp;&nbsp;&nbsp;&nbsp; CarMax, Inc.\* | 16783 | 648495 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carter's, Inc. | 4166 | 135103 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cavco Industries, Inc.\* | 892 | 526940 |
| &nbsp;&nbsp;&nbsp;&nbsp; Central Garden & Pet Co.\* | 926 | 29771 |
| &nbsp;&nbsp;&nbsp;&nbsp; Central Garden & Pet Co. Cl A\* | 5900 | 172221 |
| &nbsp;&nbsp;&nbsp;&nbsp; Century Communities, Inc. | 2922 | 173421 |
| &nbsp;&nbsp;&nbsp;&nbsp; Champion Homes, Inc.\* | 6384 | 539448 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cheesecake Factory, Inc. | 5241 | 264566 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cinemark Holdings, Inc. | 11794 | 274093 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cracker Barrel Old Country Store, Inc. | 2545 | 64643 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dana, Inc. | 13354 | 317291 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dave & Buster's Entertainment, Inc.\* | 3091 | 50105 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dorman Products, Inc.\* | 3179 | 391621 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

**MoA FUNDS** — **SMALL CAP EQUITY INDEX FUND** 

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Consumer, Cyclical (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dream Finders Homes, Inc. Cl A\* | 3283 | $56139 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ethan Allen Interiors, Inc. | 2647 | 60457 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fox Factory Holding Corp.\* | 4778 | 81752 |
| &nbsp;&nbsp;&nbsp;&nbsp; Freshpet, Inc.\* | 5578 | 339867 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gentherm, Inc.\* | 3489 | 126895 |
| &nbsp;&nbsp;&nbsp;&nbsp; G-III Apparel Group Ltd. | 4246 | 122964 |
| &nbsp;&nbsp;&nbsp;&nbsp; Golden Entertainment, Inc. | 2244 | 61014 |
| &nbsp;&nbsp;&nbsp;&nbsp; Green Brick Partners, Inc.\* | 3485 | 218370 |
| &nbsp;&nbsp;&nbsp;&nbsp; Group 1 Automotive, Inc. | 1414 | 556126 |
| &nbsp;&nbsp;&nbsp;&nbsp; Guess?, Inc. | 3508 | 58759 |
| &nbsp;&nbsp;&nbsp;&nbsp; HNI Corp. | 7870 | 330855 |
| &nbsp;&nbsp;&nbsp;&nbsp; Installed Building Products, Inc. | 2589 | 671561 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interface, Inc. | 6674 | 186338 |
| &nbsp;&nbsp;&nbsp;&nbsp; JetBlue Airways Corp.\* | 33256 | 151315 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kohl's Corp. | 12809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261432 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kontoor Brands, Inc. | 5846 | 357132 |
| &nbsp;&nbsp;&nbsp;&nbsp; La-Z-Boy, Inc. | 4710 | 175542 |
| &nbsp;&nbsp;&nbsp;&nbsp; LCI Industries | 2766 | 335626 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leggett & Platt, Inc. | 15479 | 170269 |
| &nbsp;&nbsp;&nbsp;&nbsp; LGI Homes, Inc.\* | 2321 | 99710 |
| &nbsp;&nbsp;&nbsp;&nbsp; LKQ Corp. | 29255 | 883501 |
| &nbsp;&nbsp;&nbsp;&nbsp; M/I Homes, Inc.\* | 2989 | 382443 |
| &nbsp;&nbsp;&nbsp;&nbsp; Madison Square Garden Sports Corp.\* | 2054 | 531267 |
| &nbsp;&nbsp;&nbsp;&nbsp; MarineMax, Inc.\* | 2159 | 52313 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marriott Vacations Worldwide Corp. | 3165 | 182589 |
| &nbsp;&nbsp;&nbsp;&nbsp; Meritage Homes Corp. | 8047 | 529493 |
| &nbsp;&nbsp;&nbsp;&nbsp; MillerKnoll, Inc. | 7831 | 143151 |
| &nbsp;&nbsp;&nbsp;&nbsp; Monarch Casino & Resort, Inc. | 1418 | 135703 |
| &nbsp;&nbsp;&nbsp;&nbsp; National Vision Holdings, Inc.\* | 9065 | 234058 |
| &nbsp;&nbsp;&nbsp;&nbsp; Newell Brands, Inc. | 47912 | 178233 |
| &nbsp;&nbsp;&nbsp;&nbsp; OPENLANE, Inc.\* | 12145 | 361678 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oxford Industries, Inc. | 1597 | 54617 |
| &nbsp;&nbsp;&nbsp;&nbsp; Papa John's International, Inc. | 3748 | 144260 |
| &nbsp;&nbsp;&nbsp;&nbsp; Patrick Industries, Inc. | 3803 | 412359 |
| &nbsp;&nbsp;&nbsp;&nbsp; PC Connection, Inc. | 1298 | 74972 |
| &nbsp;&nbsp;&nbsp;&nbsp; Penn Entertainment, Inc.\* | 14600 | 215350 |
| &nbsp;&nbsp;&nbsp;&nbsp; Phinia, Inc. | 4394 | 275460 |
| &nbsp;&nbsp;&nbsp;&nbsp; PriceSmart, Inc. | 2892 | 354762 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pursuit Attractions and Hospitality, Inc.\* | 2457 | 82752 |
| &nbsp;&nbsp;&nbsp;&nbsp; Red Rock Resorts, Inc. Cl A | 5548 | 343699 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Consumer, Cyclical (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Resideo Technologies, Inc.\* | 15742 | $552859 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rush Enterprises, Inc. Cl A | 6931 | 373858 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sabre Corp.\* | 45133 | 61381 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sally Beauty Holdings, Inc.\* | 11143 | 158899 |
| &nbsp;&nbsp;&nbsp;&nbsp; ScanSource, Inc.\* | 2307 | 90111 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shake Shack, Inc. Cl A\* | 4601 | 373463 |
| &nbsp;&nbsp;&nbsp;&nbsp; Signet Jewelers Ltd. | 4680 | 387878 |
| &nbsp;&nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp.\* | 11598 | 177913 |
| &nbsp;&nbsp;&nbsp;&nbsp; SkyWest, Inc.\* | 4584 | 460279 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sonic Automotive, Inc. Cl A | 1696 | 104915 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sonos, Inc.\* | 13816 | 242609 |
| &nbsp;&nbsp;&nbsp;&nbsp; Standard Motor Products, Inc. | 2389 | 88035 |
| &nbsp;&nbsp;&nbsp;&nbsp; Steven Madden Ltd. | 8304 | 345779 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sun Country Airlines Holdings, Inc.\* | 6025 | 86700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Titan International, Inc.\* | 5482 | 42924 |
| &nbsp;&nbsp;&nbsp;&nbsp; Topgolf Callaway Brands Corp.\* | 15973 | 186405 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tri Pointe Homes, Inc.\* | 9824 | 309161 |
| &nbsp;&nbsp;&nbsp;&nbsp; Under Armour, Inc. Cl A\* | 21582 | 107263 |
| &nbsp;&nbsp;&nbsp;&nbsp; Under Armour, Inc. Cl C\* | 13527 | 64930 |
| &nbsp;&nbsp;&nbsp;&nbsp; UniFirst Corp. | 1665 | 321178 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Parks & Resorts, Inc.\* | 3117 | 113147 |
| &nbsp;&nbsp;&nbsp;&nbsp; Urban Outfitters, Inc.\* | 6151 | 462924 |
| &nbsp;&nbsp;&nbsp;&nbsp; Victoria's Secret & Co.\* | 9162 | 496306 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wendy's Co. | 18056 | 150406 |
| &nbsp;&nbsp;&nbsp;&nbsp; Winnebago Industries, Inc. | 3224 | 130636 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wolverine World Wide, Inc. | 9368 | 170029 |
| &nbsp;&nbsp;&nbsp;&nbsp; XPEL, Inc.\* | 2879 | 143691 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;24293088 |
|  Consumer, Non-cyclical (17.4%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; ABM Industries, Inc. | 6999 | 296058 |
| &nbsp;&nbsp;&nbsp;&nbsp; Acadia Healthcare Co., Inc.\* | 10544 | 149619 |
| &nbsp;&nbsp;&nbsp;&nbsp; ACADIA Pharmaceuticals, Inc.\* | 14309 | 382193 |
| &nbsp;&nbsp;&nbsp;&nbsp; AdaptHealth Corp.\* | 12266 | 122169 |
| &nbsp;&nbsp;&nbsp;&nbsp; Addus HomeCare Corp.\* | 2085 | 223908 |
| &nbsp;&nbsp;&nbsp;&nbsp; ADMA Biologics, Inc.\* | 27202 | 496164 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adtalem Global Education, Inc.\* | 4152 | 429607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alarm.com Holdings, Inc.\* | 5701 | 290865 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alkermes PLC\* | 18872 | 528039 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

**MoA FUNDS** — **SMALL CAP EQUITY INDEX FUND** 

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** |  |  |
|  Consumer, Non-cyclical (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AMN Healthcare Services, Inc.\* | 4390 | $69186 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amphastar Pharmaceuticals, Inc.\* | 4044 | 108298 |
| &nbsp;&nbsp;&nbsp;&nbsp; Andersons, Inc. | 3840 | 204173 |
| &nbsp;&nbsp;&nbsp;&nbsp; ANI Pharmaceuticals, Inc.\* | 2055 | 162222 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arcus Biosciences, Inc.\* | 9758 | 232533 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arlo Technologies, Inc.\* | 12114 | 169475 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arrowhead Pharmaceuticals, Inc.\* | 15802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1049095 |
| &nbsp;&nbsp;&nbsp;&nbsp; Artivion, Inc.\* | 4765 | 217332 |
| &nbsp;&nbsp;&nbsp;&nbsp; Astrana Health, Inc.\* | 4931 | 122338 |
| &nbsp;&nbsp;&nbsp;&nbsp; Avanos Medical, Inc.\* | 5305 | 59575 |
| &nbsp;&nbsp;&nbsp;&nbsp; Azenta, Inc.\* | 4663 | 155091 |
| &nbsp;&nbsp;&nbsp;&nbsp; BioLife Solutions, Inc.\* | 4457 | 107770 |
| &nbsp;&nbsp;&nbsp;&nbsp; BrightSpring Health Services, Inc.\* | 12986 | 486326 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cal-Maine Foods, Inc. | 5211 | 414639 |
| &nbsp;&nbsp;&nbsp;&nbsp; Catalyst Pharmaceuticals, Inc.\* | 13205 | 308205 |
| &nbsp;&nbsp;&nbsp;&nbsp; Certara, Inc.\* | 13653 | 120283 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chefs' Warehouse, Inc.\* | 4139 | 257984 |
| &nbsp;&nbsp;&nbsp;&nbsp; Collegium Pharmaceutical, Inc.\* | 3613 | 167282 |
| &nbsp;&nbsp;&nbsp;&nbsp; Concentra Group Holdings Parent, Inc. | 13624 | 268120 |
| &nbsp;&nbsp;&nbsp;&nbsp; CONMED Corp. | 3539 | 143683 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corcept Therapeutics, Inc.\* | 10700 | 372360 |
| &nbsp;&nbsp;&nbsp;&nbsp; CoreCivic, Inc.\* | 11953 | 228422 |
| &nbsp;&nbsp;&nbsp;&nbsp; CorVel Corp.\* | 3573 | 241785 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cytek Biosciences, Inc.\* | 12568 | 63468 |
| &nbsp;&nbsp;&nbsp;&nbsp; Deluxe Corp. | 5144 | 114866 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dynavax Technologies Corp.\* | 11408 | 175455 |
| &nbsp;&nbsp;&nbsp;&nbsp; Edgewell Personal Care Co. | 5311 | 90553 |
| &nbsp;&nbsp;&nbsp;&nbsp; Embecta Corp. | 6684 | 79406 |
| &nbsp;&nbsp;&nbsp;&nbsp; Enovis Corp.\* | 6536 | 174119 |
| &nbsp;&nbsp;&nbsp;&nbsp; EVERTEC, Inc. | 7313 | 212735 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fortrea Holdings, Inc.\* | 10561 | 182177 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fresh Del Monte Produce, Inc. | 3768 | 134254 |
| &nbsp;&nbsp;&nbsp;&nbsp; GEO Group, Inc.\* | 15627 | 251907 |
| &nbsp;&nbsp;&nbsp;&nbsp; Glaukos Corp.\* | 6564 | 741141 |
| &nbsp;&nbsp;&nbsp;&nbsp; Grocery Outlet Holding Corp.\* | 11216 | 113282 |
| &nbsp;&nbsp;&nbsp;&nbsp; Harmony Biosciences Holdings, Inc.\* | 4542 | 169962 |
| &nbsp;&nbsp;&nbsp;&nbsp; Healthcare Services Group, Inc.\* | 8053 | 153973 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** |  |  |
|  Consumer, Non-cyclical (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Hertz Global Holdings, Inc.\* | 14245 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73219 |
| &nbsp;&nbsp;&nbsp;&nbsp; ICU Medical, Inc.\* | 2822 | 402615 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indivior PLC\* | 14270 | 512008 |
| &nbsp;&nbsp;&nbsp;&nbsp; Innoviva, Inc.\* | 8118 | 162279 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insperity, Inc. | 4094 | 158520 |
| &nbsp;&nbsp;&nbsp;&nbsp; Inspire Medical Systems, Inc.\* | 3022 | 278719 |
| &nbsp;&nbsp;&nbsp;&nbsp; Integer Holdings Corp.\* | 4005 | 314112 |
| &nbsp;&nbsp;&nbsp;&nbsp; Integra LifeSciences Holdings Corp.\* | 7656 | 95088 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interparfums, Inc. | 2089 | 177210 |
| &nbsp;&nbsp;&nbsp;&nbsp; J & J Snack Foods Corp. | 1780 | 160859 |
| &nbsp;&nbsp;&nbsp;&nbsp; John B Sanfilippo & Son, Inc. | 1034 | 73000 |
| &nbsp;&nbsp;&nbsp;&nbsp; John Wiley & Sons, Inc. Cl A | 4672 | 143103 |
| &nbsp;&nbsp;&nbsp;&nbsp; Korn Ferry | 5988 | 395328 |
| &nbsp;&nbsp;&nbsp;&nbsp; Krystal Biotech, Inc.\* | 2950 | 727293 |
| &nbsp;&nbsp;&nbsp;&nbsp; LeMaitre Vascular, Inc. | 2385 | 193424 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ligand Pharmaceuticals, Inc.\* | 2250 | 425408 |
| &nbsp;&nbsp;&nbsp;&nbsp; ManpowerGroup, Inc. | 5291 | 157301 |
| &nbsp;&nbsp;&nbsp;&nbsp; MarketAxess Holdings, Inc. | 4249 | 770131 |
| &nbsp;&nbsp;&nbsp;&nbsp; Matthews International Corp. Cl A | 3519 | 91916 |
| &nbsp;&nbsp;&nbsp;&nbsp; Merit Medical Systems, Inc.\* | 6776 | 597237 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mister Car Wash, Inc.\* | 11232 | 62450 |
| &nbsp;&nbsp;&nbsp;&nbsp; Monro, Inc. | 3431 | 68757 |
| &nbsp;&nbsp;&nbsp;&nbsp; Myriad Genetics, Inc.\* | 10654 | 65522 |
| &nbsp;&nbsp;&nbsp;&nbsp; National Beverage Corp.\* | 2675 | 85306 |
| &nbsp;&nbsp;&nbsp;&nbsp; National HealthCare Corp. | 1419 | 194531 |
| &nbsp;&nbsp;&nbsp;&nbsp; Neogen Corp.\* | 24836 | 173604 |
| &nbsp;&nbsp;&nbsp;&nbsp; NeoGenomics, Inc.\* | 14788 | 173907 |
| &nbsp;&nbsp;&nbsp;&nbsp; Omnicell, Inc.\* | 5129 | 232344 |
| &nbsp;&nbsp;&nbsp;&nbsp; Organon & Co. | 29714 | 213049 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pacira BioSciences, Inc.\* | 4917 | 127252 |
| &nbsp;&nbsp;&nbsp;&nbsp; Payoneer Global, Inc.\* | 32998 | 185449 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pediatrix Medical Group, Inc.\* | 9621 | 205793 |
| &nbsp;&nbsp;&nbsp;&nbsp; Perdoceo Education Corp. | 6910 | 202670 |
| &nbsp;&nbsp;&nbsp;&nbsp; Perrigo Co. PLC | 15729 | 218948 |
| &nbsp;&nbsp;&nbsp;&nbsp; Phibro Animal Health Corp. Cl A | 2337 | 87310 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prestige Consumer Healthcare, Inc.\* | 5496 | 339048 |
| &nbsp;&nbsp;&nbsp;&nbsp; Privia Health Group, Inc.\* | 13215 | 313328 |
| &nbsp;&nbsp;&nbsp;&nbsp; PROG Holdings, Inc. | 4520 | 133295 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

**MoA FUNDS** — **SMALL CAP EQUITY INDEX FUND** 

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** |  |  |
|  Consumer, Non-cyclical (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Progyny, Inc.\* | 9164 | $235332 |
| &nbsp;&nbsp;&nbsp;&nbsp; Protagonist Therapeutics, Inc.\* | 6716 | 586575 |
| &nbsp;&nbsp;&nbsp;&nbsp; PTC Therapeutics, Inc.\* | 9176 | 697009 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quanex Building Products Corp. | 5214 | 80191 |
| &nbsp;&nbsp;&nbsp;&nbsp; QuidelOrtho Corp.\* | 7764 | 221740 |
| &nbsp;&nbsp;&nbsp;&nbsp; RadNet, Inc.\* | 7936 | 566234 |
| &nbsp;&nbsp;&nbsp;&nbsp; Reynolds Consumer Products, Inc. | 6250 | 143250 |
| &nbsp;&nbsp;&nbsp;&nbsp; Robert Half, Inc. | 11376 | 308972 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sarepta Therapeutics, Inc.\* | 11976 | 257724 |
| &nbsp;&nbsp;&nbsp;&nbsp; Select Medical Holdings Corp. | 12595 | 187036 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sezzle, Inc.\* | 1952 | 123903 |
| &nbsp;&nbsp;&nbsp;&nbsp; Simply Good Foods Co.\* | 10500 | 210840 |
| &nbsp;&nbsp;&nbsp;&nbsp; STAAR Surgical Co.\* | 5685 | 131267 |
| &nbsp;&nbsp;&nbsp;&nbsp; Strategic Education, Inc. | 2656 | 213011 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stride, Inc.\* | 4947 | 321209 |
| &nbsp;&nbsp;&nbsp;&nbsp; Supernus Pharmaceuticals, Inc.\* | 6553 | 325684 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tandem Diabetes Care, Inc.\* | 7749 | 170323 |
| &nbsp;&nbsp;&nbsp;&nbsp; Teleflex, Inc. | 5051 | 616424 |
| &nbsp;&nbsp;&nbsp;&nbsp; TG Therapeutics, Inc.\* | 15540 | 463247 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tootsie Roll Industries, Inc. | 2247 | 82308 |
| &nbsp;&nbsp;&nbsp;&nbsp; TransMedics Group, Inc.\* | 3906 | 475165 |
| &nbsp;&nbsp;&nbsp;&nbsp; TreeHouse Foods, Inc.\* | 5079 | 119814 |
| &nbsp;&nbsp;&nbsp;&nbsp; UFP Technologies, Inc.\* | 881 | 195608 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Natural Foods, Inc.\* | 6932 | 233400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Universal Corp. | 2848 | 150232 |
| &nbsp;&nbsp;&nbsp;&nbsp; Upbound Group, Inc. | 5956 | 104587 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Physical Therapy, Inc. | 1738 | 135720 |
| &nbsp;&nbsp;&nbsp;&nbsp; Veracyte, Inc.\* | 9035 | 380374 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vericel Corp.\* | 5780 | 208138 |
| &nbsp;&nbsp;&nbsp;&nbsp; Verra Mobility Corp.\* | 18237 | 408691 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vestis Corp. | 12808 | 85429 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vir Biotechnology, Inc.\* | 10813 | 65202 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vital Farms, Inc.\* | 4248 | 135681 |
| &nbsp;&nbsp;&nbsp;&nbsp; WD-40 Co. | 1546 | 304407 |
| &nbsp;&nbsp;&nbsp;&nbsp; WillScot Holdings Corp. | 20795 | 391570 |
| &nbsp;&nbsp;&nbsp;&nbsp; Xencor, Inc.\* | 8162 | 124960 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;29694687 |
|  Energy (5.3%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alpha Metallurgical Resources, Inc.\* | 1234 | 246652 |
| &nbsp;&nbsp;&nbsp;&nbsp; Archrock, Inc. | 20044 | 521545 |
| &nbsp;&nbsp;&nbsp;&nbsp; Atlas Energy Solutions, Inc. | 8786 | 82764 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** |  |  |
|  Energy (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Bristow Group, Inc.\* | 2876 | $105319 |
| &nbsp;&nbsp;&nbsp;&nbsp; California Resources Corp. | 8977 | 401362 |
| &nbsp;&nbsp;&nbsp;&nbsp; Comstock Resources, Inc.\* | 9043 | 209617 |
| &nbsp;&nbsp;&nbsp;&nbsp; Core Laboratories, Inc. | 5322 | 85312 |
| &nbsp;&nbsp;&nbsp;&nbsp; Core Natural Resources, Inc. | 5856 | 518314 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crescent Energy Co. Cl A | 27631 | 231824 |
| &nbsp;&nbsp;&nbsp;&nbsp; CVR Energy, Inc.\* | 3447 | 87692 |
| &nbsp;&nbsp;&nbsp;&nbsp; DNOW, Inc.\* | 21220 | 281165 |
| &nbsp;&nbsp;&nbsp;&nbsp; Enphase Energy, Inc.\* . | 14956 | 479340 |
| &nbsp;&nbsp;&nbsp;&nbsp; Helix Energy Solutions Group, Inc.\* | 15634 | 98025 |
| &nbsp;&nbsp;&nbsp;&nbsp; Helmerich & Payne, Inc. | 11365 | 325948 |
| &nbsp;&nbsp;&nbsp;&nbsp; Innovex International, Inc.\* | 4412 | 96490 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kinetik Holdings, Inc. | 5196 | 187316 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kodiak Gas Services, Inc. | 9499 | 355263 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liberty Energy, Inc. | 18512 | 341731 |
| &nbsp;&nbsp;&nbsp;&nbsp; Magnolia Oil & Gas Corp. Cl A | 20933 | 458223 |
| &nbsp;&nbsp;&nbsp;&nbsp; Noble Corp. PLC | 14343 | 405046 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northern Oil & Gas, Inc. | 11102 | 238360 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oceaneering International, Inc.\* | 11404 | 274038 |
| &nbsp;&nbsp;&nbsp;&nbsp; Par Pacific Holdings, Inc.\* | 5748 | 201985 |
| &nbsp;&nbsp;&nbsp;&nbsp; Patterson-UTI Energy, Inc. | 39444 | 241003 |
| &nbsp;&nbsp;&nbsp;&nbsp; Peabody Energy Corp. | 13898 | 412771 |
| &nbsp;&nbsp;&nbsp;&nbsp; REX American Resources Corp.\* | 3249 | 105008 |
| &nbsp;&nbsp;&nbsp;&nbsp; RPC, Inc. | 10163 | 55287 |
| &nbsp;&nbsp;&nbsp;&nbsp; SM Energy Co. | 13093 | 244839 |
| &nbsp;&nbsp;&nbsp;&nbsp; SolarEdge Technologies, Inc.\* | 6835 | 197190 |
| &nbsp;&nbsp;&nbsp;&nbsp; SunCoke Energy, Inc. | 9677 | 69674 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunrun, Inc.\* | 26521 | 487986 |
| &nbsp;&nbsp;&nbsp;&nbsp; Talos Energy, Inc.\* | 14377 | 158434 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tidewater, Inc.\* | 5268 | 266087 |
| &nbsp;&nbsp;&nbsp;&nbsp; Warrior Met Coal, Inc. | 6008 | 529725 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9001335 |
|  Financial (26.7%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Acadia Realty Trust | 14976 | 307607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Acadian Asset Management, Inc. | 3020 | 141940 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adamas Trust, Inc. | 9599 | 70073 |
| &nbsp;&nbsp;&nbsp;&nbsp; Air Lease Corp. | 12008 | 771274 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alexander & Baldwin, Inc. | 8316 | 171642 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Assets Trust, Inc. | 5398 | 102184 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ameris Bancorp | 7311 | 542988 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

**MoA FUNDS** — **SMALL CAP EQUITY INDEX FUND** 

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** |  |  |
|  Financial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AMERISAFE, Inc. | 2162 | $83042 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apollo Commercial Real Estate Finance, Inc. | 14928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apple Hospitality REIT, Inc. | 25146 | 297980 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arbor Realty Trust, Inc. | 22368 | 173576 |
| &nbsp;&nbsp;&nbsp;&nbsp; Armada Hoffler Properties, Inc. | 9161 | 60646 |
| &nbsp;&nbsp;&nbsp;&nbsp; ARMOUR Residential REIT, Inc. | 12789 | 226237 |
| &nbsp;&nbsp;&nbsp;&nbsp; Artisan Partners Asset Management, Inc. Cl A | 8053 | 328079 |
| &nbsp;&nbsp;&nbsp;&nbsp; Assured Guaranty Ltd. | 4951 | 444946 |
| &nbsp;&nbsp;&nbsp;&nbsp; Atlantic Union Bankshares Corp. | 16289 | 575002 |
| &nbsp;&nbsp;&nbsp;&nbsp; Axos Financial, Inc.\* | 6474 | 557800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banc of California, Inc. | 15342 | 295947 |
| &nbsp;&nbsp;&nbsp;&nbsp; BancFirst Corp. | 2362 | 250419 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bancorp, Inc.\* | 5020 | 338950 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of Hawaii Corp. | 4547 | 310878 |
| &nbsp;&nbsp;&nbsp;&nbsp; BankUnited, Inc. | 8588 | 382767 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banner Corp. | 3896 | 244123 |
| &nbsp;&nbsp;&nbsp;&nbsp; Beacon Financial Corp. | 9590 | 252888 |
| &nbsp;&nbsp;&nbsp;&nbsp; BGC Group, Inc. Cl A | 41065 | 366710 |
| &nbsp;&nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust, Inc. Cl A | 18020 | 344723 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brandywine Realty Trust | 19853 | 57971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bread Financial Holdings, Inc. | 5219 | 386363 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capitol Federal Financial, Inc. | 13901 | 94666 |
| &nbsp;&nbsp;&nbsp;&nbsp; CareTrust REIT, Inc. | 25522 | 922876 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cathay General Bancorp | 7776 | 376281 |
| &nbsp;&nbsp;&nbsp;&nbsp; Centerspace | 1909 | 127368 |
| &nbsp;&nbsp;&nbsp;&nbsp; Central Pacific Financial Corp. | 3066 | 95537 |
| &nbsp;&nbsp;&nbsp;&nbsp; City Holding Co. | 1647 | 196322 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cleanspark, Inc.\* | 32126 | 325115 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cohen & Steers, Inc. | 3148 | 197631 |
| &nbsp;&nbsp;&nbsp;&nbsp; Community Financial System, Inc. | 6019 | 345731 |
| &nbsp;&nbsp;&nbsp;&nbsp; Curbline Properties Corp. | 11079 | 257144 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cushman & Wakefield, Ltd.\* | 26471 | 428565 |
| &nbsp;&nbsp;&nbsp;&nbsp; Customers Bancorp, Inc.\* | 3632 | 265572 |
| &nbsp;&nbsp;&nbsp;&nbsp; CVB Financial Corp. | 14698 | 273383 |
| &nbsp;&nbsp;&nbsp;&nbsp; DiamondRock Hospitality Co. | 23282 | 208607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dime Community Bancshares, Inc. | 4666 | 140400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Douglas Emmett, Inc. | 19140 | 210349 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eagle Bancorp, Inc. | 3159 | 67666 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** |  |  |
|  Financial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Easterly Government Properties, Inc. | 5001 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ellington Financial, Inc. | 12265 | 166559 |
| &nbsp;&nbsp;&nbsp;&nbsp; Elme Communities | 10076 | 175322 |
| &nbsp;&nbsp;&nbsp;&nbsp; Employers Holdings, Inc. | 2569 | 110904 |
| &nbsp;&nbsp;&nbsp;&nbsp; Enact Holdings, Inc. | 3301 | 130852 |
| &nbsp;&nbsp;&nbsp;&nbsp; Encore Capital Group, Inc.\* | 2549 | 138538 |
| &nbsp;&nbsp;&nbsp;&nbsp; Enova International, Inc.\* | 2835 | 445662 |
| &nbsp;&nbsp;&nbsp;&nbsp; Essential Properties Realty Trust, Inc. | 22647 | 671710 |
| &nbsp;&nbsp;&nbsp;&nbsp; eXp World Holdings, Inc. | 10348 | 93649 |
| &nbsp;&nbsp;&nbsp;&nbsp; EZCORP, Inc. Cl A\* | 6620 | 128560 |
| &nbsp;&nbsp;&nbsp;&nbsp; FB Financial Corp. | 4613 | 257405 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Bancorp | 4739 | 240694 |
| &nbsp;&nbsp;&nbsp;&nbsp; First BanCorp | 17933 | 371751 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Commonwealth Financial Corp. | 11821 | 199302 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Financial Bancorp | 11747 | 293910 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Hawaiian, Inc. | 14140 | 357742 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Interstate BancSystem, Inc. Cl A | 10231 | 353993 |
| &nbsp;&nbsp;&nbsp;&nbsp; Four Corners Property Trust, Inc. | 12124 | 279579 |
| &nbsp;&nbsp;&nbsp;&nbsp; Franklin BSP Realty Trust, Inc. | 9327 | 93550 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fulton Financial Corp. | 20641 | 398991 |
| &nbsp;&nbsp;&nbsp;&nbsp; Genworth Financial, Inc.\* | 45647 | 412192 |
| &nbsp;&nbsp;&nbsp;&nbsp; Getty Realty Corp. | 6072 | 166191 |
| &nbsp;&nbsp;&nbsp;&nbsp; Global Net Lease, Inc. | 22534 | 193792 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goosehead Insurance, Inc. Cl A | 2847 | 209682 |
| &nbsp;&nbsp;&nbsp;&nbsp; HA Sustainable Infrastructure Capital, Inc. | 14410 | 452906 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hanmi Financial Corp. | 3394 | 91740 |
| &nbsp;&nbsp;&nbsp;&nbsp; HCI Group, Inc. | 1228 | 235395 |
| &nbsp;&nbsp;&nbsp;&nbsp; Heritage Financial Corp. | 3881 | 91786 |
| &nbsp;&nbsp;&nbsp;&nbsp; Highwoods Properties, Inc. | 12560 | 324299 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hilltop Holdings, Inc. | 4907 | 166544 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hope Bancorp, Inc. | 14651 | 160575 |
| &nbsp;&nbsp;&nbsp;&nbsp; Horace Mann Educators Corp. | 4650 | 214737 |
| &nbsp;&nbsp;&nbsp;&nbsp; Independent Bank Corp. | 5666 | 414071 |
| &nbsp;&nbsp;&nbsp;&nbsp; Innovative Industrial Properties, Inc. | 3203 | 151694 |
| &nbsp;&nbsp;&nbsp;&nbsp; iShares Core S&P Small- Cap ETF | 20410 | 2452874 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jackson Financial, Inc. Cl A | 7769 | 828564 |
| &nbsp;&nbsp;&nbsp;&nbsp; JBG SMITH Properties | 6764 | 115056 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

**MoA FUNDS** — **SMALL CAP EQUITY INDEX FUND** 

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** |  |  |
|  Financial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Kennedy-Wilson Holdings, Inc. | 13712 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132595 |
| &nbsp;&nbsp;&nbsp;&nbsp; KKR Real Estate Finance Trust, Inc. | 6213 | 51071 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lakeland Financial Corp. | 2918 | 166501 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lincoln National Corp. | 19321 | 860364 |
| &nbsp;&nbsp;&nbsp;&nbsp; LTC Properties, Inc. | 5442 | 187096 |
| &nbsp;&nbsp;&nbsp;&nbsp; LXP Industrial Trust | 6761 | 335210 |
| &nbsp;&nbsp;&nbsp;&nbsp; Macerich Co. | 29273 | 540380 |
| &nbsp;&nbsp;&nbsp;&nbsp; MARA Holdings, Inc.\* | 43224 | 388152 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marcus & Millichap, Inc. | 2757 | 75239 |
| &nbsp;&nbsp;&nbsp;&nbsp; Medical Properties Trust, Inc. | 56373 | 281865 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mercury General Corp. | 3039 | 285848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Millrose Properties, Inc. | 17622 | 526369 |
| &nbsp;&nbsp;&nbsp;&nbsp; Moelis & Co. Cl A | 8457 | 581334 |
| &nbsp;&nbsp;&nbsp;&nbsp; National Bank Holdings Corp. Cl A | 4323 | 164317 |
| &nbsp;&nbsp;&nbsp;&nbsp; Navient Corp. | 7690 | 99970 |
| &nbsp;&nbsp;&nbsp;&nbsp; NBT Bancorp, Inc. | 5979 | 248248 |
| &nbsp;&nbsp;&nbsp;&nbsp; NexPoint Residential Trust, Inc. | 2493 | 75039 |
| &nbsp;&nbsp;&nbsp;&nbsp; NMI Holdings, Inc.\* | 8785 | 358340 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northwest Bancshares, Inc. | 16698 | 200376 |
| &nbsp;&nbsp;&nbsp;&nbsp; OFG Bancorp | 5024 | 205884 |
| &nbsp;&nbsp;&nbsp;&nbsp; Outfront Media, Inc. | 16629 | 400759 |
| &nbsp;&nbsp;&nbsp;&nbsp; Palomar Holdings, Inc.\* | 3029 | 408188 |
| &nbsp;&nbsp;&nbsp;&nbsp; Park National Corp. | 1635 | 248814 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pathward Financial, Inc. | 2603 | 184813 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pebblebrook Hotel Trust | 12983 | 146968 |
| &nbsp;&nbsp;&nbsp;&nbsp; PennyMac Mortgage Investment Trust | 9945 | 124810 |
| &nbsp;&nbsp;&nbsp;&nbsp; Phillips Edison & Co., Inc. | 14378 | 511425 |
| &nbsp;&nbsp;&nbsp;&nbsp; Piper Sandler Cos | 1901 | 645789 |
| &nbsp;&nbsp;&nbsp;&nbsp; PJT Partners, Inc. Cl A | 2778 | 464482 |
| &nbsp;&nbsp;&nbsp;&nbsp; PRA Group, Inc.\* | 4459 | 78880 |
| &nbsp;&nbsp;&nbsp;&nbsp; Preferred Bank | 1296 | 122381 |
| &nbsp;&nbsp;&nbsp;&nbsp; ProAssurance Corp.\* | 5876 | 141964 |
| &nbsp;&nbsp;&nbsp;&nbsp; Provident Financial Services, Inc. | 14929 | 294848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Radian Group, Inc. | 15485 | 557305 |
| &nbsp;&nbsp;&nbsp;&nbsp; Redwood Trust, Inc. | 14479 | 80069 |
| &nbsp;&nbsp;&nbsp;&nbsp; Renasant Corp. | 10860 | 382489 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ryman Hospitality Properties, Inc. | 7201 | 681359 |
| &nbsp;&nbsp;&nbsp;&nbsp; S&T Bancorp, Inc. | 4369 | 171920 |
| &nbsp;&nbsp;&nbsp;&nbsp; Safehold, Inc. | 5249 | 71859 |
| &nbsp;&nbsp;&nbsp;&nbsp; Safety Insurance Group, Inc. | 1702 | 132603 |
| &nbsp;&nbsp;&nbsp;&nbsp; Saul Centers, Inc. | 1423 | 44867 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** |  |  |
|  Financial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Seacoast Banking Corp. of Florida | 11072 | $347882 |
| &nbsp;&nbsp;&nbsp;&nbsp; ServisFirst Bancshares, Inc. | 5743 | 412290 |
| &nbsp;&nbsp;&nbsp;&nbsp; Simmons First National Corp. Cl A | 16540 | 311779 |
| &nbsp;&nbsp;&nbsp;&nbsp; SiriusPoint Ltd.\* | 11883 | 260119 |
| &nbsp;&nbsp;&nbsp;&nbsp; SL Green Realty Corp. | 8118 | 372373 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southside Bancshares, Inc. | 3230 | 98160 |
| &nbsp;&nbsp;&nbsp;&nbsp; St Joe Co. | 4554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270371 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stellar Bancorp, Inc. | 5265 | 162899 |
| &nbsp;&nbsp;&nbsp;&nbsp; StepStone Group, Inc. Cl A | 8320 | 533894 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stewart Information Services Corp. | 3203 | 225043 |
| &nbsp;&nbsp;&nbsp;&nbsp; StoneX Group, Inc.\* | 5307 | 504855 |
| &nbsp;&nbsp;&nbsp;&nbsp; Summit Hotel Properties, Inc. | 12104 | 58946 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunstone Hotel Investors, Inc. | 21705 | 194043 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tanger, Inc. | 13156 | 439016 |
| &nbsp;&nbsp;&nbsp;&nbsp; Terreno Realty Corp. | 11817 | 693776 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tompkins Financial Corp. | 1452 | 105299 |
| &nbsp;&nbsp;&nbsp;&nbsp; Triumph Financial, Inc.\* | 2580 | 161585 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trupanion, Inc.\* | 3851 | 143912 |
| &nbsp;&nbsp;&nbsp;&nbsp; TrustCo Bank Corp. | 2106 | 87041 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trustmark Corp. | 6853 | 266924 |
| &nbsp;&nbsp;&nbsp;&nbsp; Two Harbors Investment Corp. | 11904 | 124992 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Community Banks, Inc. | 13893 | 433739 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Fire Group, Inc. | 2508 | 91166 |
| &nbsp;&nbsp;&nbsp;&nbsp; Universal Health Realty Income Trust | 1459 | 57207 |
| &nbsp;&nbsp;&nbsp;&nbsp; Urban Edge Properties | 14384 | 276029 |
| &nbsp;&nbsp;&nbsp;&nbsp; Veris Residential, Inc. | 9283 | 138131 |
| &nbsp;&nbsp;&nbsp;&nbsp; Victory Capital Holdings, Inc. Cl A | 5492 | 346490 |
| &nbsp;&nbsp;&nbsp;&nbsp; Virtu Financial, Inc. Cl A | 9122 | 303945 |
| &nbsp;&nbsp;&nbsp;&nbsp; Virtus Investment Partners, Inc. | 726 | 118447 |
| &nbsp;&nbsp;&nbsp;&nbsp; WaFd, Inc. | 9005 | 288430 |
| &nbsp;&nbsp;&nbsp;&nbsp; Walker & Dunlop, Inc. | 3893 | 234164 |
| &nbsp;&nbsp;&nbsp;&nbsp; Westamerica BanCorp | 2850 | 136316 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Union Co. | 36328 | 338214 |
| &nbsp;&nbsp;&nbsp;&nbsp; Whitestone REIT | 5131 | 71270 |
| &nbsp;&nbsp;&nbsp;&nbsp; WisdomTree, Inc. | 13131 | 160067 |
| &nbsp;&nbsp;&nbsp;&nbsp; World Acceptance Corp.\* | 329 | 46188 |
| &nbsp;&nbsp;&nbsp;&nbsp; WSFS Financial Corp. | 6249 | 345195 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

**MoA FUNDS** — **SMALL CAP EQUITY INDEX FUND** 

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** |  |  |
|  Financial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Xenia Hotels & Resorts, Inc. | 10836 | $153221 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;45435421 |
|  Industrial (17.6%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AAR Corp.\* | 4460 | 369243 |
| &nbsp;&nbsp;&nbsp;&nbsp; Advanced Energy Industries, Inc. | 4314 | 903222 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alamo Group, Inc. | 1232 | 206816 |
| &nbsp;&nbsp;&nbsp;&nbsp; Albany International Corp. Cl A | 3280 | 166296 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Woodmark Corp.\* | 1665 | 89744 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apogee Enterprises, Inc. | 2459 | 89532 |
| &nbsp;&nbsp;&nbsp;&nbsp; ArcBest Corp. | 2573 | 190891 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arcosa, Inc. | 5606 | 596030 |
| &nbsp;&nbsp;&nbsp;&nbsp; Armstrong World Industries, Inc. | 4929 | 941932 |
| &nbsp;&nbsp;&nbsp;&nbsp; Astec Industries, Inc. | 2615 | 113282 |
| &nbsp;&nbsp;&nbsp;&nbsp; AZZ, Inc. | 3435 | 368163 |
| &nbsp;&nbsp;&nbsp;&nbsp; Badger Meter, Inc. | 3368 | 587413 |
| &nbsp;&nbsp;&nbsp;&nbsp; Benchmark Electronics, Inc. | 4078 | 174375 |
| &nbsp;&nbsp;&nbsp;&nbsp; Boise Cascade Co. | 4234 | 311622 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brady Corp. Cl A | 4978 | 390126 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cactus, Inc. Cl A | 7868 | 359410 |
| &nbsp;&nbsp;&nbsp;&nbsp; Casella Waste Systems, Inc. Cl A\* | 7144 | 699683 |
| &nbsp;&nbsp;&nbsp;&nbsp; CSW Industrials, Inc. | 1907 | 559762 |
| &nbsp;&nbsp;&nbsp;&nbsp; CTS Corp. | 3320 | 142328 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dorian LPG Ltd. | 4211 | 102496 |
| &nbsp;&nbsp;&nbsp;&nbsp; DXP Enterprises, Inc.\* | 1452 | 159415 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energizer Holdings, Inc. | 6944 | 138116 |
| &nbsp;&nbsp;&nbsp;&nbsp; Enerpac Tool Group Corp. | 6055 | 231543 |
| &nbsp;&nbsp;&nbsp;&nbsp; Enpro, Inc. | 2408 | 515625 |
| &nbsp;&nbsp;&nbsp;&nbsp; Enviri Corp.\* | 9218 | 165187 |
| &nbsp;&nbsp;&nbsp;&nbsp; ESCO Technologies, Inc. | 2952 | 576791 |
| &nbsp;&nbsp;&nbsp;&nbsp; Everus Construction Group, Inc.\* | 5830 | 498815 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Signal Corp. | 6950 | 754701 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Air Corp.\* | 2536 | 63400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Franklin Electric Co., Inc. | 4375 | 417944 |
| &nbsp;&nbsp;&nbsp;&nbsp; Frontdoor, Inc.\* | 8242 | 475481 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gates Industrial Corp. PLC\* | 29520 | 633794 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gibraltar Industries, Inc.\* | 3377 | 166959 |
| &nbsp;&nbsp;&nbsp;&nbsp; Granite Construction, Inc. | 4989 | 575481 |
| &nbsp;&nbsp;&nbsp;&nbsp; Greenbrier Cos., Inc. | 3539 | 165413 |
| &nbsp;&nbsp;&nbsp;&nbsp; Griffon Corp. | 4470 | 329216 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hayward Holdings, Inc.\* | 22803 | 352306 |
| &nbsp;&nbsp;&nbsp;&nbsp; Heartland Express, Inc. | 5223 | 47164 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hillenbrand, Inc. | 8056 | 255536 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** |  |  |
|  Industrial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Hub Group, Inc. Cl A | 6924 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295032 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ichor Holdings Ltd.\* | 3930 | 72430 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insteel Industries, Inc. | 2219 | 70276 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Seaways, Inc. | 4629 | 224738 |
| &nbsp;&nbsp;&nbsp;&nbsp; Itron, Inc.\* | 5235 | 486122 |
| &nbsp;&nbsp;&nbsp;&nbsp; JBT Marel Corp. | 5940 | 894980 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kadant, Inc. | 1346 | 383637 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kennametal, Inc. | 8697 | 247082 |
| &nbsp;&nbsp;&nbsp;&nbsp; Knowles Corp.\* | 9732 | 208557 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lindsay Corp. | 1235 | 145569 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marten Transport Ltd. | 6615 | 75279 |
| &nbsp;&nbsp;&nbsp;&nbsp; Masterbrand, Inc.\* | 14490 | 159970 |
| &nbsp;&nbsp;&nbsp;&nbsp; Materion Corp. | 2370 | 294638 |
| &nbsp;&nbsp;&nbsp;&nbsp; Matson, Inc. | 3564 | 440332 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mercury Systems, Inc.\* | 6045 | 441345 |
| &nbsp;&nbsp;&nbsp;&nbsp; Metallus, Inc.\* | 4094 | 70253 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mirion Technologies, Inc.\* | 28324 | 663348 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mohawk Industries, Inc.\* | 5935 | 648696 |
| &nbsp;&nbsp;&nbsp;&nbsp; Moog, Inc. Cl A | 3249 | 791294 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mueller Water Products, Inc. Cl A | 17868 | 425616 |
| &nbsp;&nbsp;&nbsp;&nbsp; MYR Group, Inc.\* | 1774 | 387619 |
| &nbsp;&nbsp;&nbsp;&nbsp; National Presto Industries, Inc. | 605 | 64590 |
| &nbsp;&nbsp;&nbsp;&nbsp; O-I Glass, Inc.\* | 17555 | 259112 |
| &nbsp;&nbsp;&nbsp;&nbsp; OSI Systems, Inc.\* | 1824 | 465229 |
| &nbsp;&nbsp;&nbsp;&nbsp; Plexus Corp.\* | 3084 | 453348 |
| &nbsp;&nbsp;&nbsp;&nbsp; Powell Industries, Inc. | 1076 | 343007 |
| &nbsp;&nbsp;&nbsp;&nbsp; Primoris Services Corp. | 6175 | 766565 |
| &nbsp;&nbsp;&nbsp;&nbsp; Proto Labs, Inc.\* | 2706 | 136897 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ralliant Corp. | 12893 | 656383 |
| &nbsp;&nbsp;&nbsp;&nbsp; RXO, Inc.\* | 18757 | 237088 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sanmina Corp.\* | 6236 | 935837 |
| &nbsp;&nbsp;&nbsp;&nbsp; Schneider National, Inc. Cl B | 5695 | 151088 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sealed Air Corp. | 16815 | 696645 |
| &nbsp;&nbsp;&nbsp;&nbsp; Standex International Corp. | 1385 | 300933 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tennant Co. | 2072 | 152706 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trinity Industries, Inc. | 9164 | 242296 |
| &nbsp;&nbsp;&nbsp;&nbsp; TTM Technologies, Inc.\* | 11810 | 814890 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vicor Corp.\* | 2597 | 284631 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vishay Intertechnology, Inc. | 14114 | 204512 |
| &nbsp;&nbsp;&nbsp;&nbsp; Werner Enterprises, Inc. | 6838 | 205208 |
| &nbsp;&nbsp;&nbsp;&nbsp; World Kinect Corp. | 6350 | 148781 |
| &nbsp;&nbsp;&nbsp;&nbsp; Worthington Enterprises, Inc. | 3576 | 184414 |
| &nbsp;&nbsp;&nbsp;&nbsp; Worthington Steel, Inc. | 3718 | 128717 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

**MoA FUNDS** — **SMALL CAP EQUITY INDEX FUND** 

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Industrial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zurn Elkay Water Solutions Corp. | 17023 | $791399 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;29936342 |
|  Technology (7.7%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; ACI Worldwide, Inc.\* | 11782 | 563297 |
| &nbsp;&nbsp;&nbsp;&nbsp; ACM Research, Inc. Cl A\* | 6089 | 240211 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adeia, Inc. | 12516 | 215901 |
| &nbsp;&nbsp;&nbsp;&nbsp; Agilysys, Inc.\* | 2900 | 344636 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alpha & Omega Semiconductor Ltd.\* | 2852 | 56498 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amentum Holdings, Inc.\* | 17521 | 508109 |
| &nbsp;&nbsp;&nbsp;&nbsp; Axcelis Technologies, Inc.\* | 3543 | 284645 |
| &nbsp;&nbsp;&nbsp;&nbsp; BlackLine, Inc.\* | 5711 | 315761 |
| &nbsp;&nbsp;&nbsp;&nbsp; Box, Inc. Cl A\* | 16559 | 495280 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clear Secure, Inc. Cl A | 10134 | 355501 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cohu, Inc.\* | 5337 | 124192 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corsair Gaming, Inc.\* | 5360 | 31838 |
| &nbsp;&nbsp;&nbsp;&nbsp; CSG Systems International, Inc. | 3105 | 238122 |
| &nbsp;&nbsp;&nbsp;&nbsp; Digi International, Inc.\* | 4243 | 183680 |
| &nbsp;&nbsp;&nbsp;&nbsp; DigitalOcean Holdings, Inc.\* | 7843 | 377405 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diodes, Inc.\* | 5301 | 261551 |
| &nbsp;&nbsp;&nbsp;&nbsp; Donnelley Financial Solutions, Inc.\* | 3033 | 141611 |
| &nbsp;&nbsp;&nbsp;&nbsp; DoubleVerify Holdings, Inc.\* | 15283 | 174838 |
| &nbsp;&nbsp;&nbsp;&nbsp; DXC Technology Co.\* | 19902 | 291564 |
| &nbsp;&nbsp;&nbsp;&nbsp; FormFactor, Inc.\* | 8860 | 494211 |
| &nbsp;&nbsp;&nbsp;&nbsp; Grid Dynamics Holdings, Inc.\* | 7560 | 68267 |
| &nbsp;&nbsp;&nbsp;&nbsp; Impinj, Inc.\* | 3063 | 532993 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insight Enterprises, Inc.\* | 3541 | 288485 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kulicke & Soffa Industries, Inc. | 5960 | 271538 |
| &nbsp;&nbsp;&nbsp;&nbsp; LiveRamp Holdings, Inc.\* | 7275 | 213667 |
| &nbsp;&nbsp;&nbsp;&nbsp; MaxLinear, Inc.\* | 9387 | 163615 |
| &nbsp;&nbsp;&nbsp;&nbsp; N-able, Inc.\* | 8519 | 63722 |
| &nbsp;&nbsp;&nbsp;&nbsp; NCR Atleos Corp.\* | 8447 | 321915 |
| &nbsp;&nbsp;&nbsp;&nbsp; NCR Voyix Corp.\* | 15829 | 161456 |
| &nbsp;&nbsp;&nbsp;&nbsp; NetScout Systems, Inc.\* | 7839 | 212123 |
| &nbsp;&nbsp;&nbsp;&nbsp; PDF Solutions, Inc.\* | 3658 | 104363 |
| &nbsp;&nbsp;&nbsp;&nbsp; Penguin Solutions, Inc.\* | 5498 | 107541 |
| &nbsp;&nbsp;&nbsp;&nbsp; Photronics, Inc.\* | 6744 | 215808 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Technology (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Pitney Bowes, Inc. | 16920 | $178844 |
| &nbsp;&nbsp;&nbsp;&nbsp; Power Integrations, Inc. | 6325 | 224791 |
| &nbsp;&nbsp;&nbsp;&nbsp; Progress Software Corp.\* | 4904 | 210676 |
| &nbsp;&nbsp;&nbsp;&nbsp; Qorvo, Inc.\* | 9610 | 812141 |
| &nbsp;&nbsp;&nbsp;&nbsp; Schrodinger, Inc.\* | 6414 | 114682 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semtech Corp.\* | 9918 | 730857 |
| &nbsp;&nbsp;&nbsp;&nbsp; SiTime Corp.\* | 2506 | 885094 |
| &nbsp;&nbsp;&nbsp;&nbsp; SPS Commerce, Inc.\* | 4310 | 384150 |
| &nbsp;&nbsp;&nbsp;&nbsp; Teradata Corp.\* | 10652 | 324247 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ultra Clean Holdings, Inc.\* | 5187 | 131387 |
| &nbsp;&nbsp;&nbsp;&nbsp; Veeco Instruments, Inc.\* | 6876 | 196516 |
| &nbsp;&nbsp;&nbsp;&nbsp; Waystar Holding Corp.\* | 13120 | 429680 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;13047409 |
|  Utilities (2.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; American States Water Co. | 4425 | 320724 |
| &nbsp;&nbsp;&nbsp;&nbsp; Avista Corp. | 9300 | 358422 |
| &nbsp;&nbsp;&nbsp;&nbsp; California Water Service Group | 6811 | 295121 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chesapeake Utilities Corp. | 2703 | 337226 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clearway Energy, Inc. Cl A | 3956 | 124298 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clearway Energy, Inc. Cl C | 9697 | 322522 |
| &nbsp;&nbsp;&nbsp;&nbsp; H2O America | 3806 | 186456 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hawaiian Electric Industries, Inc.\* | 19729 | 242667 |
| &nbsp;&nbsp;&nbsp;&nbsp; MDU Resources Group, Inc. | 23354 | 455870 |
| &nbsp;&nbsp;&nbsp;&nbsp; MGE Energy, Inc. | 4177 | 327560 |
| &nbsp;&nbsp;&nbsp;&nbsp; Middlesex Water Co. | 2096 | 105680 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northwest Natural Holding Co. | 4744 | 221735 |
| &nbsp;&nbsp;&nbsp;&nbsp; Otter Tail Corp. | 4790 | 387080 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unitil Corp. | 2048 | 99205 |
|  |  | 3784566 |
|  Total Common Stocks<br>(Cost: $153,819,841) |  | 170700737 |
|  **EARNOUT SHARES (–%):** |  |  |
|  Consumer, Non-cyclical (–%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; OmniAb, Inc. Cl CR3\* | 1207 | 0‡ |
| &nbsp;&nbsp;&nbsp;&nbsp; OmniAb, Inc. Cl CR4\* | 1207 | 0‡ |
|  |  | 0 |
|  Total Earnout Shares<br>(Cost: $—) |  | 0 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

**MoA FUNDS** — **SMALL CAP EQUITY INDEX FUND** 

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | |
|:---|:---|
|  Total Investments<br>(Cost: $153,819,841) 100.1% | $170700737 |
|  Other Net Assets -0.1% | (219428) |
|  Net Assets 100.0% | $&nbsp;&nbsp;&nbsp;&nbsp;170481309 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
\* Non-income producing security.

‡ Level 3 Security.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — MID CAP VALUE FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (98.2%):** |  |  |
|  Basic Materials (2.0%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; DuPont de Nemours, Inc. | 29967 | $1204673 |
| &nbsp;&nbsp;&nbsp;&nbsp; Freeport-McMoRan, Inc. | 30778 | 1563215 |
| &nbsp;&nbsp;&nbsp;&nbsp; Qnity Electronics, Inc. | 12186 | 994987 |
|  |  | 3762875 |
|  Communications (0.5%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Booking Holdings, Inc. | 180 | 963959 |
|  Consumer, Cyclical (7.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Flutter Entertainment PLC\* | 3114 | 669635 |
| &nbsp;&nbsp;&nbsp;&nbsp; LKQ Corp. | 52558 | 1587252 |
| &nbsp;&nbsp;&nbsp;&nbsp; Murphy USA, Inc. | 4574 | 1845700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pool Corp. | 2961 | 677329 |
| &nbsp;&nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd. | 3026 | 844012 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taylor Morrison Home Corp.\* | 44905 | 2643557 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tractor Supply Co. | 34677 | 1734197 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vail Resorts, Inc. | 12409 | 1647915 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wyndham Hotels & Resorts, Inc. | 22332 | 1687406 |
|  |  | 13337003 |
|  Consumer, Non-cyclical (15.0%) | Consumer, Non-cyclical (15.0%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alnylam Pharmaceuticals, Inc.\* | 4605 | 1831178 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bio-Techne Corp. | 35639 | 2095930 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cooper Cos., Inc.\* | 8682 | 711577 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corteva, Inc. | 24024 | 1610329 |
| &nbsp;&nbsp;&nbsp;&nbsp; Danaher Corp. | 15322 | 3507512 |
| &nbsp;&nbsp;&nbsp;&nbsp; Humana, Inc. | 8392 | 2149443 |
| &nbsp;&nbsp;&nbsp;&nbsp; IDEXX Laboratories, Inc.\* | 3184 | 2154071 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ionis Pharmaceuticals, Inc.\* | 13992 | 1106907 |
| &nbsp;&nbsp;&nbsp;&nbsp; IQVIA Holdings, Inc.\* | 10109 | 2278670 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lamb Weston Holdings, Inc. | 44493 | 1863812 |
| &nbsp;&nbsp;&nbsp;&nbsp; Performance Food Group Co.\* | 29721 | 2672512 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shift4 Payments, Inc. Cl A\* | 26674 | 1679662 |
| &nbsp;&nbsp;&nbsp;&nbsp; STERIS PLC | 8722 | 2211201 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Therapeutics Corp.\* | 3969 | 1933895 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;27806699 |
|  Energy (7.5%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Baker Hughes Co. | 52015 | 2368763 |
| &nbsp;&nbsp;&nbsp;&nbsp; Devon Energy Corp. | 84750 | 3104392 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expand Energy Corp. | 15961 | 1761456 |
| &nbsp;&nbsp;&nbsp;&nbsp; MPLX LP | 48380 | 2582041 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Energy (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Williams Cos., Inc. | 67669 | $4067584 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;13884236 |
|  Financial (23.1%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allstate Corp. | 6235 | 1297815 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Financial Group, Inc. | 13572 | 1855021 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ameriprise Financial, Inc. | 8385 | 4111501 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arch Capital Group Ltd.\* | 32203 | 3088912 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brixmor Property Group, Inc. | 92755 | 2432036 |
| &nbsp;&nbsp;&nbsp;&nbsp; Camden Property Trust | 27967 | 3078607 |
| &nbsp;&nbsp;&nbsp;&nbsp; CBRE Group, Inc. Cl A\* | 8646 | 1390190 |
| &nbsp;&nbsp;&nbsp;&nbsp; East West Bancorp, Inc. | 36069 | 4053795 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fifth Third Bancorp | 51968 | 2432622 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gaming and Leisure Properties, Inc. | 41637 | 1860758 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hartford Insurance Group, Inc. | 24060 | 3315468 |
| &nbsp;&nbsp;&nbsp;&nbsp; Healthpeak Properties, Inc. | 136448 | 2194084 |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Group PLC | 73354 | 3489450 |
| &nbsp;&nbsp;&nbsp;&nbsp; M&T Bank Corp. | 15596 | 3142282 |
| &nbsp;&nbsp;&nbsp;&nbsp; Terreno Realty Corp. | 20806 | 1221520 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ventas, Inc. | 28754 | 2224985 |
| &nbsp;&nbsp;&nbsp;&nbsp; Weyerhaeuser Co. | 65883 | 1560768 |
|  |  | 42749814 |
|  Industrial (27.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AMETEK, Inc. | 22746 | 4669981 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amphenol Corp. Cl A | 27398 | 3702566 |
| &nbsp;&nbsp;&nbsp;&nbsp; Applied Industrial Technologies, Inc. | 13938 | 3578860 |
| &nbsp;&nbsp;&nbsp;&nbsp; AptarGroup, Inc. | 9085 | 1108007 |
| &nbsp;&nbsp;&nbsp;&nbsp; Builders FirstSource, Inc.\* | 18221 | 1874759 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carlisle Cos., Inc. | 5603 | 1792176 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clean Harbors, Inc.\* | 6627 | 1553899 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crane Co. | 25950 | 4785959 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crown Holdings, Inc. | 48928 | 5038116 |
| &nbsp;&nbsp;&nbsp;&nbsp; EMCOR Group, Inc. | 3750 | 2294212 |
| &nbsp;&nbsp;&nbsp;&nbsp; Graco, Inc. | 16226 | 1330045 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3Harris Technologies, Inc. | 11041 | 3241306 |
| &nbsp;&nbsp;&nbsp;&nbsp; Martin Marietta Materials, Inc. | 2435 | 1516177 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mueller Industries, Inc. | 27157 | 3117624 |
| &nbsp;&nbsp;&nbsp;&nbsp; Saia, Inc.\* | 3234 | 1055966 |
| &nbsp;&nbsp;&nbsp;&nbsp; Teledyne Technologies, Inc.\* | 7910 | 4039874 |
| &nbsp;&nbsp;&nbsp;&nbsp; Veralto Corp. | 22574 | 2252434 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vontier Corp. | 65025 | 2417629 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — MID CAP VALUE FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Industrial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Xylem, Inc. | 8030 | $1093525 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;50463115 |
|  Technology (5.8%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MKS, Inc. | 14397 | 2300640 |
| &nbsp;&nbsp;&nbsp;&nbsp; ON Semiconductor Corp.\* | 20799 | 1126266 |
| &nbsp;&nbsp;&nbsp;&nbsp; Roper Technologies, Inc. | 7774 | 3460441 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Technology (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Take-Two Interactive Software, Inc.\* | 14960 | $3830209 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;10717556 |
|  Utilities (9.9%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Atmos Energy Corp. | 18077 | 3030247 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entergy Corp. | 45695 | 4223589 |
| &nbsp;&nbsp;&nbsp;&nbsp; Evergy, Inc. | 62238 | 4511633 |
| &nbsp;&nbsp;&nbsp;&nbsp; NiSource, Inc. | 79482 | 3319168 |
| &nbsp;&nbsp;&nbsp;&nbsp; NRG Energy, Inc. | 20328 | 3237031 |
|  |  | 18321668 |
|  Total Common Stocks<br>(Cost: $160,939,052) |  | 182006925 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **SHORT-TERM DEBT SECURITIES (1.5%):** |  |  |  |  |  |
|  U.S. Government (1.5%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.64 | 01/06/26 | $2750000 | $2748615 |
|  Total Short-Term Debt Securities<br>(Cost: $2,748,615) |  |  |  |  | 2748615 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Rate(%)** | **Face Amount** | **Value** |
|  **TEMPORARY CASH INVESTMENT (0.3%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Securities Cash Management, Institutional Shares | 3.63 | $624641 | $624641 |
|  Total Temporary Cash Investment<br>(Cost: $624,641) |  |  | 624641 |
|  Total Investments<br>(Cost: $164,312,308) 100.0% |  |  | 185380181 |
|  Other Net Assets -0.0%(1) |  |  | (84637) |
|  Net Assets 100.0% |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185295544 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
\* Non-income producing security.

\*\* Ratings as per Standard & Poor's Corporation (unaudited).

(1) Percentage is less than 0.05%.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — MID CAP GROWTH FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (96.2%):** |  |  |
|  Communications (2.4%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Booking Holdings, Inc. | 229 | $1226371 |
| &nbsp;&nbsp;&nbsp;&nbsp; Reddit, Inc. Cl A\* | 5746 | 1320833 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2547204 |
|  Consumer, Cyclical (15.5%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AutoZone, Inc.\* | 346 | 1173459 |
| &nbsp;&nbsp;&nbsp;&nbsp; Flutter Entertainment PLC\* | 8511 | 1830205 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hilton Worldwide Holdings, Inc. | 11388 | 3271203 |
| &nbsp;&nbsp;&nbsp;&nbsp; Murphy USA, Inc. | 2112 | 852234 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ralph Lauren Corp. | 4483 | 1585234 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ross Stores, Inc. | 5520 | 994373 |
| &nbsp;&nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd. | 9030 | 2518648 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tractor Supply Co. | 32549 | 1627775 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vail Resorts, Inc. | 7362 | 977674 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wingstop, Inc. | 3682 | 878120 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wyndham Hotels & Resorts, Inc. | 11054 | 835240 |
|  |  | 16544165 |
|  Consumer, Non-cyclical (21.1%) | Consumer, Non-cyclical (21.1%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alnylam Pharmaceuticals, Inc.\* | 5991 | 2382321 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cencora, Inc. | 6484 | 2189971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Danaher Corp. | 8511 | 1948338 |
| &nbsp;&nbsp;&nbsp;&nbsp; Encompass Health Corp. | 6509 | 690865 |
| &nbsp;&nbsp;&nbsp;&nbsp; HealthEquity, Inc.\* | 12076 | 1106282 |
| &nbsp;&nbsp;&nbsp;&nbsp; IDEXX Laboratories, Inc.\* | 4829 | 3266963 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insmed, Inc.\* | 9390 | 1634236 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insulet Corp.\* | 2418 | 687292 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ionis Pharmaceuticals, Inc.\* | 10406 | 823219 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paylocity Holding Corp.\* | 4829 | 736423 |
| &nbsp;&nbsp;&nbsp;&nbsp; Performance Food Group Co.\* | 16062 | 1444295 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quanta Services, Inc. | 1782 | 752111 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repligen Corp.\* | 4600 | 753756 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rollins, Inc. | 22303 | 1338626 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shift4 Payments, Inc. Cl A\* | 9447 | 594878 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Therapeutics Corp.\* | 1381 | 672892 |
| &nbsp;&nbsp;&nbsp;&nbsp; Verisk Analytics, Inc. | 6326 | 1415063 |
|  |  | 22437531 |
|  Energy (2.5%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cheniere Energy, Inc. | 3565 | 693000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expand Energy Corp. | 7803 | 861139 |
| &nbsp;&nbsp;&nbsp;&nbsp; Williams Cos., Inc. | 18635 | 1120150 |
|  |  | 2674289 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Financial (10.0%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Ameriprise Financial, Inc. | 4716 | $2312443 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arch Capital Group Ltd.\* | 12308 | 1180583 |
| &nbsp;&nbsp;&nbsp;&nbsp; Camden Property Trust | 10120 | 1114010 |
| &nbsp;&nbsp;&nbsp;&nbsp; CoStar Group, Inc.\* | 9431 | 634140 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fifth Third Bancorp | 24612 | 1152088 |
| &nbsp;&nbsp;&nbsp;&nbsp; LPL Financial Holdings, Inc. | 5866 | 2095159 |
| &nbsp;&nbsp;&nbsp;&nbsp; M&T Bank Corp. | 5637 | 1135743 |
| &nbsp;&nbsp;&nbsp;&nbsp; Primerica, Inc. | 4027 | 1040416 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;10664582 |
|  Industrial (25.1%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AMETEK, Inc. | 10699 | 2196612 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amphenol Corp. Cl A | 19209 | 2595904 |
| &nbsp;&nbsp;&nbsp;&nbsp; Applied Industrial Technologies, Inc. | 6326 | 1624327 |
| &nbsp;&nbsp;&nbsp;&nbsp; Axon Enterprise, Inc.\* | 1510 | 857574 |
| &nbsp;&nbsp;&nbsp;&nbsp; Builders FirstSource, Inc.\* | 3980 | 409502 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carlisle Cos., Inc. | 1531 | 489706 |
| &nbsp;&nbsp;&nbsp;&nbsp; Comfort Systems USA, Inc. | 1235 | 1152613 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crown Holdings, Inc. | 11846 | 1219783 |
| &nbsp;&nbsp;&nbsp;&nbsp; EMCOR Group, Inc. | 2239 | 1369798 |
| &nbsp;&nbsp;&nbsp;&nbsp; ESCO Technologies, Inc. | 6784 | 1325526 |
| &nbsp;&nbsp;&nbsp;&nbsp; Graco, Inc. | 13344 | 1093808 |
| &nbsp;&nbsp;&nbsp;&nbsp; HEICO Corp. Cl A | 10133 | 2557873 |
| &nbsp;&nbsp;&nbsp;&nbsp; Howmet Aerospace, Inc. | 13484 | 2764490 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC Bearings, Inc.\* | 4370 | 1959639 |
| &nbsp;&nbsp;&nbsp;&nbsp; Teledyne Technologies, Inc.\* | 3365 | 1718606 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vertiv Holdings Co. Cl A | 20936 | 3391841 |
|  |  | 26727602 |
|  Technology (15.4%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Atlassian Corp. Cl A\* | 4283 | 694446 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cloudflare, Inc. Cl A\* | 9202 | 1814174 |
| &nbsp;&nbsp;&nbsp;&nbsp; CyberArk Software Ltd.\* | 4256 | 1898431 |
| &nbsp;&nbsp;&nbsp;&nbsp; Datadog, Inc. Cl A\* | 14836 | 2017548 |
| &nbsp;&nbsp;&nbsp;&nbsp; Guidewire Software, Inc.\* | 6556 | 1317822 |
| &nbsp;&nbsp;&nbsp;&nbsp; HubSpot, Inc.\* | 1912 | 767286 |
| &nbsp;&nbsp;&nbsp;&nbsp; Monolithic Power Systems, Inc. | 1381 | 1251683 |
| &nbsp;&nbsp;&nbsp;&nbsp; MSCI, Inc. | 2529 | 1450963 |
| &nbsp;&nbsp;&nbsp;&nbsp; Roper Technologies, Inc. | 2908 | 1294438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Synopsys, Inc.\* | 1223 | 574467 |
| &nbsp;&nbsp;&nbsp;&nbsp; Take-Two Interactive Software, Inc.\* | 6763 | 1731531 |
| &nbsp;&nbsp;&nbsp;&nbsp; Veeva Systems, Inc. Cl A\* | 7130 | 1591630 |
|  |  | 16404419 |
|  Utilities (4.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; NRG Energy, Inc. | 15644 | 2491150 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — MID CAP GROWTH FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Utilities (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Vistra Corp. | 12308 | $&nbsp;&nbsp;&nbsp;&nbsp;1985650 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** |  |  |
|  Utilities (Continued) |  |  |
|  |  | $4476800 |
|  Total Common Stocks<br>(Cost: $105,957,520) |  | &nbsp;&nbsp;&nbsp;&nbsp;102476592 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **SHORT-TERM DEBT SECURITIES (2.6%):** |  |  |  |  |  |
|  U.S. Government (2.6%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.65 | 01/06/26 | $2750000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2748609 |
|  Total Short-Term Debt Securities<br>(Cost: $2,748,609) |  |  |  |  | 2748609 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Rate(%)** | **Face Amount** | **Value** |
|  **TEMPORARY CASH INVESTMENT (0.7%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Securities Cash Management, Institutional Shares | 3.63 | $707489 | $707489 |
|  Total Temporary Cash Investment<br>(Cost: $707,489) |  |  | 707489 |
|  Total Investments<br>(Cost: $109,413,618) 99.5% |  |  | 105932690 |
|  Other Net Assets 0.5% |  |  | 551149 |
|  Net Assets 100.0% |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;106483839 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
\* Non-income producing security.

\*\* Ratings as per Standard & Poor's Corporation (unaudited).

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — MID CAP EQUITY INDEX FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (98.6%):** |  |  |
|  Basic Materials (4.1%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alcoa Corp. | 106192 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5643043 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ashland, Inc. | 18742 | 1099593 |
| &nbsp;&nbsp;&nbsp;&nbsp; Axalta Coating Systems Ltd.\* | 87483 | 2826576 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cabot Corp. | 21817 | 1446031 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carpenter Technology Corp. | 20429 | 6431866 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc.\* | 233617 | 3102434 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Metals Co. | 45504 | 3149787 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hecla Mining Co. | 274784 | 5273105 |
| &nbsp;&nbsp;&nbsp;&nbsp; MP Materials Corp.\* | 55234 | 2790422 |
| &nbsp;&nbsp;&nbsp;&nbsp; NewMarket Corp. | 3198 | 2197857 |
| &nbsp;&nbsp;&nbsp;&nbsp; Olin Corp. | 46797 | 974781 |
| &nbsp;&nbsp;&nbsp;&nbsp; Reliance, Inc. | 21441 | 6193662 |
| &nbsp;&nbsp;&nbsp;&nbsp; Royal Gold, Inc. | 33224 | 7385363 |
| &nbsp;&nbsp;&nbsp;&nbsp; RPM International, Inc. | 52578 | 5468112 |
| &nbsp;&nbsp;&nbsp;&nbsp; Westlake Corp. | 13676 | 1011203 |
|  |  | 54993835 |
|  Communications (3.4%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Chewy, Inc. Cl A\* | 92290 | 3050185 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ciena Corp.\* | 57842 | 13527509 |
| &nbsp;&nbsp;&nbsp;&nbsp; EchoStar Corp. Cl A\* | 55200 | 6000240 |
| &nbsp;&nbsp;&nbsp;&nbsp; Frontier Communications Parent, Inc.\* | 102655 | 3908076 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hims & Hers Health, Inc.\* | 85419 | 2773555 |
| &nbsp;&nbsp;&nbsp;&nbsp; Maplebear, Inc.\* | 75359 | 3389648 |
| &nbsp;&nbsp;&nbsp;&nbsp; New York Times Co. Cl A | 66253 | 4599283 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nexstar Media Group, Inc. | 11689 | 2373451 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pinterest, Inc. Cl A\* | 244332 | 6325755 |
|  |  | 45947702 |
|  Consumer, Cyclical (13.5%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Abercrombie & Fitch Co. Cl A\* | 19302 | 2429543 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alaska Air Group, Inc.\* | 47563 | 2392419 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Airlines Group, Inc.\* | 270678 | 4149494 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aramark | 107786 | 3972992 |
| &nbsp;&nbsp;&nbsp;&nbsp; Autoliv, Inc. | 28658 | 3401705 |
| &nbsp;&nbsp;&nbsp;&nbsp; AutoNation, Inc.\* | 11217 | 2316086 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bath & Body Works, Inc. | 84550 | 1697764 |
| &nbsp;&nbsp;&nbsp;&nbsp; BJ's Wholesale Club Holdings, Inc.\* | 54027 | 4864051 |
| &nbsp;&nbsp;&nbsp;&nbsp; BorgWarner, Inc. | 87724 | 3952843 |
| &nbsp;&nbsp;&nbsp;&nbsp; Boyd Gaming Corp. | 23706 | 2020699 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brunswick Corp. | 26669 | 1979907 |
| &nbsp;&nbsp;&nbsp;&nbsp; Burlington Stores, Inc.\* | 25535 | 7375785 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capri Holdings Ltd.\* | 48856 | 1192086 |
| &nbsp;&nbsp;&nbsp;&nbsp; Casey's General Stores, Inc. | 15247 | 8427169 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cava Group, Inc.\* | 40903 | 2400597 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |
|  Consumer, Cyclical (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Choice Hotels International, Inc. | 8475 | $807329 |
| &nbsp;&nbsp;&nbsp;&nbsp; Churchill Downs, Inc. | 27164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3090720 |
| &nbsp;&nbsp;&nbsp;&nbsp; Columbia Sportswear Co. | 10386 | 572165 |
| &nbsp;&nbsp;&nbsp;&nbsp; Core & Main, Inc. Cl A\* | 78195 | 4063794 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crocs, Inc.\* | 21289 | 1820635 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dick's Sporting Goods, Inc. | 27108 | 5366571 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dolby Laboratories, Inc. Cl A | 25089 | 1611216 |
| &nbsp;&nbsp;&nbsp;&nbsp; FirstCash Holdings, Inc. | 15926 | 2538286 |
| &nbsp;&nbsp;&nbsp;&nbsp; Five Below, Inc.\* | 22613 | 4259385 |
| &nbsp;&nbsp;&nbsp;&nbsp; Floor & Decor Holdings, Inc. Cl A\* | 44187 | 2690546 |
| &nbsp;&nbsp;&nbsp;&nbsp; GameStop Corp. Cl A\* | 168978 | 3393078 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gap, Inc. | 92813 | 2376013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gentex Corp. | 89781 | 2089204 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goodyear Tire & Rubber Co.\* | 117344 | 1027933 |
| &nbsp;&nbsp;&nbsp;&nbsp; Harley-Davidson, Inc. | 48446 | 992659 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hilton Grand Vacations, Inc.\* | 24555 | 1098836 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hyatt Hotels Corp. Cl A | 17148 | 2749167 |
| &nbsp;&nbsp;&nbsp;&nbsp; KB Home | 26558 | 1498137 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lear Corp. | 21270 | 2437542 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lithia Motors, Inc. | 9944 | 3304690 |
| &nbsp;&nbsp;&nbsp;&nbsp; Macy's, Inc. | 110105 | 2427815 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mattel, Inc.\* | 127448 | 2528568 |
| &nbsp;&nbsp;&nbsp;&nbsp; MSC Industrial Direct Co., Inc. Cl A | 18760 | 1577716 |
| &nbsp;&nbsp;&nbsp;&nbsp; Murphy USA, Inc. | 6991 | 2821008 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ollie's Bargain Outlet Holdings, Inc.\* | 25141 | 2755705 |
| &nbsp;&nbsp;&nbsp;&nbsp; Penske Automotive Group, Inc. | 7562 | 1196989 |
| &nbsp;&nbsp;&nbsp;&nbsp; Planet Fitness, Inc. Cl A\* | 34028 | 3691017 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polaris, Inc. | 21912 | 1385934 |
| &nbsp;&nbsp;&nbsp;&nbsp; PVH Corp. | 19732 | 1322439 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Global, Inc. | 76146 | 7833139 |
| &nbsp;&nbsp;&nbsp;&nbsp; RH\* | 6303 | 1129182 |
| &nbsp;&nbsp;&nbsp;&nbsp; Scotts Miracle-Gro Co. | 18231 | 1063779 |
| &nbsp;&nbsp;&nbsp;&nbsp; Somnigroup International, Inc. | 86076 | 7684865 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taylor Morrison Home Corp.\* | 40074 | 2359156 |
| &nbsp;&nbsp;&nbsp;&nbsp; Texas Roadhouse, Inc. | 27124 | 4502584 |
| &nbsp;&nbsp;&nbsp;&nbsp; Thor Industries, Inc. | 21583 | 2215927 |
| &nbsp;&nbsp;&nbsp;&nbsp; Toll Brothers, Inc. | 39523 | 5344300 |
| &nbsp;&nbsp;&nbsp;&nbsp; Travel + Leisure Co. | 26377 | 1860370 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vail Resorts, Inc. | 14743 | 1957870 |
| &nbsp;&nbsp;&nbsp;&nbsp; VF Corp. | 134587 | 2433333 |
| &nbsp;&nbsp;&nbsp;&nbsp; Visteon Corp. | 11189 | 1064074 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — MID CAP EQUITY INDEX FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |
|  Consumer, Cyclical (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Warner Music Group Corp. Cl A | 59823 | $1834771 |
| &nbsp;&nbsp;&nbsp;&nbsp; Watsco, Inc. | 14321 | 4825461 |
| &nbsp;&nbsp;&nbsp;&nbsp; WESCO International, Inc. | 19948 | 4880079 |
| &nbsp;&nbsp;&nbsp;&nbsp; Whirlpool Corp. | 23025 | 1661024 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wingstop, Inc. | 11394 | 2717355 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wyndham Hotels & Resorts, Inc. | 30981 | 2340924 |
| &nbsp;&nbsp;&nbsp;&nbsp; YETI Holdings, Inc.\* | 31906 | 1409288 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;179185718 |
|  Consumer, Non-cyclical (14.8%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Albertsons Cos., Inc. Cl A | 162181 | 2784648 |
| &nbsp;&nbsp;&nbsp;&nbsp; API Group Corp.\* | 151788 | 5807409 |
| &nbsp;&nbsp;&nbsp;&nbsp; Avantor, Inc.\* | 279588 | 3204078 |
| &nbsp;&nbsp;&nbsp;&nbsp; Avis Budget Group, Inc.\* | 6928 | 889001 |
| &nbsp;&nbsp;&nbsp;&nbsp; BellRing Brands, Inc.\* | 51659 | 1380845 |
| &nbsp;&nbsp;&nbsp;&nbsp; BioMarin Pharmaceutical, Inc.\* | 78779 | 4681836 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bio-Rad Laboratories, Inc. Cl A\* | 7456 | 2259093 |
| &nbsp;&nbsp;&nbsp;&nbsp; Booz Allen Hamilton Holding Corp. | 49741 | 4196151 |
| &nbsp;&nbsp;&nbsp;&nbsp; Boston Beer Co., Inc. Cl A\* | 3154 | 615440 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brink's Co. | 17037 | 1988729 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bruker Corp. | 45483 | 2142704 |
| &nbsp;&nbsp;&nbsp;&nbsp; Celsius Holdings, Inc.\* | 65539 | 2997754 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemed Corp. | 5808 | 2485011 |
| &nbsp;&nbsp;&nbsp;&nbsp; Coca-Cola Consolidated, Inc. | 23196 | 3555947 |
| &nbsp;&nbsp;&nbsp;&nbsp; Coty, Inc. Cl A\* | 150633 | 463950 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cytokinetics, Inc.\* | 50137 | 3185705 |
| &nbsp;&nbsp;&nbsp;&nbsp; Darling Ingredients, Inc.\* | 64866 | 2335176 |
| &nbsp;&nbsp;&nbsp;&nbsp; DENTSPLY SIRONA, Inc. | 81829 | 935305 |
| &nbsp;&nbsp;&nbsp;&nbsp; Elanco Animal Health, Inc.\* | 203746 | 4610772 |
| &nbsp;&nbsp;&nbsp;&nbsp; elf Beauty, Inc.\* | 24455 | 1859558 |
| &nbsp;&nbsp;&nbsp;&nbsp; Encompass Health Corp. | 41259 | 4379230 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ensign Group, Inc. | 23586 | 4108681 |
| &nbsp;&nbsp;&nbsp;&nbsp; Envista Holdings Corp.\* | 67425 | 1463797 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euronet Worldwide, Inc.\* | 16034 | 1220348 |
| &nbsp;&nbsp;&nbsp;&nbsp; Exelixis, Inc.\* | 109943 | 4818802 |
| &nbsp;&nbsp;&nbsp;&nbsp; Flowers Foods, Inc. | 86597 | 942175 |
| &nbsp;&nbsp;&nbsp;&nbsp; FTI Consulting, Inc.\* | 12411 | 2120171 |
| &nbsp;&nbsp;&nbsp;&nbsp; Globus Medical, Inc. Cl A\* | 45685 | 3988757 |
| &nbsp;&nbsp;&nbsp;&nbsp; Graham Holdings Co. Cl B | 1393 | 1530350 |
| &nbsp;&nbsp;&nbsp;&nbsp; Grand Canyon Education, Inc.\* | 11330 | 1884292 |
| &nbsp;&nbsp;&nbsp;&nbsp; H&R Block, Inc. | 51842 | 2259274 |
| &nbsp;&nbsp;&nbsp;&nbsp; Haemonetics Corp.\* | 19195 | 1538479 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |
|  Consumer, Non-cyclical (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Halozyme Therapeutics, Inc.\* | 48222 | $3245341 |
| &nbsp;&nbsp;&nbsp;&nbsp; HealthEquity, Inc.\* | 35329 | 3236490 |
| &nbsp;&nbsp;&nbsp;&nbsp; Illumina, Inc.\* | 62658 | 8218223 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ingredion, Inc. | 26051 | 2872383 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jazz Pharmaceuticals PLC\* | 24918 | 4236060 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lancaster Colony Corp. | 8341 | 1371427 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lantheus Holdings, Inc.\* | 27192 | 1809628 |
| &nbsp;&nbsp;&nbsp;&nbsp; LivaNova PLC\* | 22392 | 1377780 |
| &nbsp;&nbsp;&nbsp;&nbsp; Masimo Corp.\* | 18722 | 2434983 |
| &nbsp;&nbsp;&nbsp;&nbsp; Medpace Holdings, Inc.\* | 9125 | 5125056 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morningstar, Inc. | 9782 | 2125726 |
| &nbsp;&nbsp;&nbsp;&nbsp; Neurocrine Biosciences, Inc.\* | 40886 | 5798861 |
| &nbsp;&nbsp;&nbsp;&nbsp; Option Care Health, Inc.\* | 65091 | 2073799 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paylocity Holding Corp.\* | 18063 | 2754608 |
| &nbsp;&nbsp;&nbsp;&nbsp; Penumbra, Inc.\* | 16059 | 4992904 |
| &nbsp;&nbsp;&nbsp;&nbsp; Performance Food Group Co.\* | 64303 | 5782126 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pilgrim's Pride Corp. | 17534 | 683651 |
| &nbsp;&nbsp;&nbsp;&nbsp; Post Holdings, Inc.\* | 19602 | 1941578 |
| &nbsp;&nbsp;&nbsp;&nbsp; Repligen Corp.\* | 21698 | 3555434 |
| &nbsp;&nbsp;&nbsp;&nbsp; Roivant Sciences Ltd.\* | 179674 | 3898926 |
| &nbsp;&nbsp;&nbsp;&nbsp; Service Corp. International | 57483 | 4481950 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shift4 Payments, Inc. Cl A\* | 27706 | 1744647 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sotera Health Co.\* | 85043 | 1500159 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sprouts Farmers Market, Inc.\* | 39928 | 3181064 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tenet Healthcare Corp.\* | 36039 | 7161670 |
| &nbsp;&nbsp;&nbsp;&nbsp; TransUnion | 79634 | 6828616 |
| &nbsp;&nbsp;&nbsp;&nbsp; UL Solutions, Inc. Cl A | 30859 | 2433541 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Therapeutics Corp.\* | 17656 | 8602886 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Foods Holding Corp.\* | 91420 | 6885754 |
| &nbsp;&nbsp;&nbsp;&nbsp; Valvoline, Inc.\* | 52125 | 1514752 |
| &nbsp;&nbsp;&nbsp;&nbsp; WEX, Inc.\* | 14061 | 2094808 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;196598299 |
|  Energy (4.3%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Antero Midstream Corp. | 136712 | 2432107 |
| &nbsp;&nbsp;&nbsp;&nbsp; Antero Resources Corp.\* | 120177 | 4141300 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chord Energy Corp. | 23318 | 2161579 |
| &nbsp;&nbsp;&nbsp;&nbsp; Civitas Resources, Inc. | 31482 | 852847 |
| &nbsp;&nbsp;&nbsp;&nbsp; CNX Resources Corp.\* | 55290 | 2033013 |
| &nbsp;&nbsp;&nbsp;&nbsp; DT Midstream, Inc. | 41693 | 4989818 |
| &nbsp;&nbsp;&nbsp;&nbsp; HF Sinclair Corp. | 64116 | 2954465 |
| &nbsp;&nbsp;&nbsp;&nbsp; Matador Resources Co. | 47902 | 2032961 |
| &nbsp;&nbsp;&nbsp;&nbsp; Murphy Oil Corp. | 55020 | 1719375 |
| &nbsp;&nbsp;&nbsp;&nbsp; NEXTracker, Inc. Cl A\* | 60848 | 5300469 |
| &nbsp;&nbsp;&nbsp;&nbsp; NOV, Inc. | 149572 | 2337810 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — MID CAP EQUITY INDEX FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |
|  Energy (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Ovintiv, Inc. | 103852 | $4069960 |
| &nbsp;&nbsp;&nbsp;&nbsp; PBF Energy, Inc. Cl A | 33728 | 914703 |
| &nbsp;&nbsp;&nbsp;&nbsp; Permian Resources Corp. | 284736 | 3994846 |
| &nbsp;&nbsp;&nbsp;&nbsp; Range Resources Corp. | 97159 | 3425826 |
| &nbsp;&nbsp;&nbsp;&nbsp; TechnipFMC PLC | 165879 | 7391568 |
| &nbsp;&nbsp;&nbsp;&nbsp; Valaris Ltd.\* | 26534 | 1337314 |
| &nbsp;&nbsp;&nbsp;&nbsp; Viper Energy, Inc. Cl A | 69068 | 2668097 |
| &nbsp;&nbsp;&nbsp;&nbsp; Weatherford International PLC | 29414 | 2301940 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;57059998 |
|  Financial (22.1%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated Managers Group, Inc. | 11535 | 3325310 |
| &nbsp;&nbsp;&nbsp;&nbsp; Agree Realty Corp. | 47051 | 3389084 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ally Financial, Inc. | 114953 | 5206221 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Financial Group, Inc. | 28387 | 3879935 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Homes 4 Rent Cl A | 133687 | 4291353 |
| &nbsp;&nbsp;&nbsp;&nbsp; Annaly Capital Management, Inc. | 280087 | 6262745 |
| &nbsp;&nbsp;&nbsp;&nbsp; Associated Banc-Corp. | 67043 | 1727028 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank OZK | 43419 | 1998142 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brighthouse Financial, Inc.\* | 23444 | 1518937 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brixmor Property Group, Inc. | 125521 | 3291161 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cadence Bank | 76383 | 3272248 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carlyle Group, Inc. | 106410 | 6289895 |
| &nbsp;&nbsp;&nbsp;&nbsp; CNO Financial Group, Inc. | 39101 | 1660619 |
| &nbsp;&nbsp;&nbsp;&nbsp; Columbia Banking System, Inc. | 122659 | 3428319 |
| &nbsp;&nbsp;&nbsp;&nbsp; Comerica, Inc. | 52383 | 4553654 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commerce Bancshares, Inc. | 53023 | 2775224 |
| &nbsp;&nbsp;&nbsp;&nbsp; COPT Defense Properties | 46325 | 1287835 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corebridge Financial, Inc. | 109627 | 3307447 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cousins Properties, Inc. | 68876 | 1775623 |
| &nbsp;&nbsp;&nbsp;&nbsp; CubeSmart | 93509 | 3370999 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cullen/Frost Bankers, Inc. | 26220 | 3320239 |
| &nbsp;&nbsp;&nbsp;&nbsp; East West Bancorp, Inc. | 56419 | 6340931 |
| &nbsp;&nbsp;&nbsp;&nbsp; EastGroup Properties, Inc. | 21840 | 3890578 |
| &nbsp;&nbsp;&nbsp;&nbsp; EPR Properties | 31222 | 1557978 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equitable Holdings, Inc. | 117497 | 5598732 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity LifeStyle Properties, Inc. | 79482 | 4817404 |
| &nbsp;&nbsp;&nbsp;&nbsp; Essent Group Ltd. | 39639 | 2576931 |
| &nbsp;&nbsp;&nbsp;&nbsp; Evercore, Inc. Cl A | 15860 | 5396365 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federated Hermes, Inc. | 30304 | 1577929 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |
|  Financial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity National |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Financial, Inc. | 104507 | $5705037 |
| &nbsp;&nbsp;&nbsp;&nbsp; First American Financial Corp. | 41786 | 2567332 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Financial Bankshares, Inc | 53439 | 1596223 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Horizon Corp. | 201913 | 4825721 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Industrial Realty Trust, Inc. | 54302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3109876 |
| &nbsp;&nbsp;&nbsp;&nbsp; Flagstar Financial, Inc. | 122750 | 1545422 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNB Corp. | 146859 | 2511289 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gaming and Leisure Properties, Inc. | 116051 | 5186319 |
| &nbsp;&nbsp;&nbsp;&nbsp; Glacier Bancorp, Inc. | 52751 | 2323682 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hamilton Lane, Inc. Cl A | 16767 | 2251976 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hancock Whitney Corp. | 34287 | 2183396 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hanover Insurance Group, Inc. | 14592 | 2666980 |
| &nbsp;&nbsp;&nbsp;&nbsp; Healthcare Realty Trust, Inc. | 144191 | 2444037 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home BancShares, Inc. | 74953 | 2082194 |
| &nbsp;&nbsp;&nbsp;&nbsp; Houlihan Lokey, Inc. | 22355 | 3894017 |
| &nbsp;&nbsp;&nbsp;&nbsp; Independence Realty Trust, Inc. | 97894 | 1711187 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Bancshares Corp. | 22177 | 1473440 |
| &nbsp;&nbsp;&nbsp;&nbsp; Janus Henderson Group PLC | 50676 | 2410657 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jefferies Financial Group, Inc. | 67670 | 4193510 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jones Lang LaSalle, Inc.\* | 19353 | 6511704 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kemper Corp. | 24008 | 973284 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kilroy Realty Corp. | 44632 | 1667898 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kinsale Capital Group, Inc. | 9062 | 3544329 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kite Realty Group Trust | 88781 | 2128081 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lamar Advertising Co. Cl A | 35619 | 4508653 |
| &nbsp;&nbsp;&nbsp;&nbsp; MGIC Investment Corp. | 91748 | 2680877 |
| &nbsp;&nbsp;&nbsp;&nbsp; National Storage Affiliates Trust | 29025 | 818795 |
| &nbsp;&nbsp;&nbsp;&nbsp; NNN REIT, Inc. | 77880 | 3086384 |
| &nbsp;&nbsp;&nbsp;&nbsp; Old National Bancorp | 142615 | 3181741 |
| &nbsp;&nbsp;&nbsp;&nbsp; Old Republic International Corp. | 93353 | 4260631 |
| &nbsp;&nbsp;&nbsp;&nbsp; Omega Healthcare Investors, Inc. | 121186 | 5373387 |
| &nbsp;&nbsp;&nbsp;&nbsp; Park Hotels & Resorts, Inc. | 81971 | 857417 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pinnacle Financial Partners, Inc. | 31542 | 3009422 |
| &nbsp;&nbsp;&nbsp;&nbsp; PotlatchDeltic Corp. | 29159 | 1159945 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — MID CAP EQUITY INDEX FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |
|  Financial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Primerica, Inc. | 13088 | $3381416 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prosperity Bancshares, Inc. | 38953 | 2692042 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rayonier, Inc. | 60890 | 1318268 |
| &nbsp;&nbsp;&nbsp;&nbsp; Reinsurance Group of America, Inc. | 26947 | 5482637 |
| &nbsp;&nbsp;&nbsp;&nbsp; RenaissanceRe Holdings Ltd. | 18908 | 5316173 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rexford Industrial Realty, Inc. | 95257 | 3688351 |
| &nbsp;&nbsp;&nbsp;&nbsp; RLI Corp. | 37659 | 2409423 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ryan Specialty Holdings, Inc. | 46470 | 2399246 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sabra Health Care REIT, Inc. | 102250 | 1936615 |
| &nbsp;&nbsp;&nbsp;&nbsp; SEI Investments Co. | 38158 | 3129719 |
| &nbsp;&nbsp;&nbsp;&nbsp; Selective Insurance Group, Inc. | 24772 | 2072673 |
| &nbsp;&nbsp;&nbsp;&nbsp; SLM Corp. | 83259 | 2252989 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southstate Bank Corp. | 41218 | 3879026 |
| &nbsp;&nbsp;&nbsp;&nbsp; STAG Industrial, Inc. | 76580 | 2815081 |
| &nbsp;&nbsp;&nbsp;&nbsp; Starwood Property Trust, Inc. | 142748 | 2570891 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stifel Financial Corp. | 41756 | 5228686 |
| &nbsp;&nbsp;&nbsp;&nbsp; Synovus Financial Corp. | 56924 | 2849046 |
| &nbsp;&nbsp;&nbsp;&nbsp; Texas Capital Bancshares, Inc.\* | 18717 | 1694637 |
| &nbsp;&nbsp;&nbsp;&nbsp; UMB Financial Corp. | 29278 | 3368141 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Bankshares, Inc. | 57445 | 2205888 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unum Group | 63127 | 4892343 |
| &nbsp;&nbsp;&nbsp;&nbsp; Valley National Bancorp | 196653 | 2296907 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vornado Realty Trust | 66154 | 2201605 |
| &nbsp;&nbsp;&nbsp;&nbsp; Voya Financial, Inc. | 39023 | 2906823 |
| &nbsp;&nbsp;&nbsp;&nbsp; Webster Financial Corp. | 66139 | 4162789 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Alliance Bancorp | 42327 | 3558431 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wintrust Financial Corp. | 27462 | 3839737 |
| &nbsp;&nbsp;&nbsp;&nbsp; WP Carey, Inc. | 89864 | 5783647 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zions Bancorp NA | 60542 | 3544129 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;294011068 |
|  Industrial (22.7%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AAON, Inc. | 27749 | 2115861 |
| &nbsp;&nbsp;&nbsp;&nbsp; Acuity, Inc. | 12471 | 4490059 |
| &nbsp;&nbsp;&nbsp;&nbsp; Advanced Drainage Systems, Inc. | 29337 | 4248878 |
| &nbsp;&nbsp;&nbsp;&nbsp; AECOM | 54311 | 5177468 |
| &nbsp;&nbsp;&nbsp;&nbsp; AeroVironment, Inc.\* | 13046 | 3155697 |
| &nbsp;&nbsp;&nbsp;&nbsp; AGCO Corp. | 25399 | 2649624 |
| &nbsp;&nbsp;&nbsp;&nbsp; Applied Industrial Technologies, Inc. | 15467 | 3971462 |
| &nbsp;&nbsp;&nbsp;&nbsp; AptarGroup, Inc. | 26908 | 3281700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arrow Electronics, Inc.\* | 21123 | 2327332 |
| &nbsp;&nbsp;&nbsp;&nbsp; ATI, Inc.\* | 55713 | 6393624 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |
|  Industrial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Avient Corp. | 37547 | $1172968 |
| &nbsp;&nbsp;&nbsp;&nbsp; Avnet, Inc. | 33350 | 1603468 |
| &nbsp;&nbsp;&nbsp;&nbsp; Belden, Inc. | 16116 | 1878320 |
| &nbsp;&nbsp;&nbsp;&nbsp; BWX Technologies, Inc. | 37491 | 6479944 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carlisle Cos., Inc. | 17094 | 5467687 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chart Industries, Inc.\* | 18122 | 3737300 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clean Harbors, Inc.\* | 20596 | 4829350 |
| &nbsp;&nbsp;&nbsp;&nbsp; CNH Industrial NV | 362885 | 3345800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cognex Corp. | 68726 | 2472761 |
| &nbsp;&nbsp;&nbsp;&nbsp; Coherent Corp.\* | 64443 | &nbsp;&nbsp;&nbsp;&nbsp;11894245 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crane Co. | 20076 | 3702617 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crown Holdings, Inc. | 46755 | 4814362 |
| &nbsp;&nbsp;&nbsp;&nbsp; Curtiss-Wright Corp. | 15121 | 8335754 |
| &nbsp;&nbsp;&nbsp;&nbsp; Donaldson Co., Inc. | 47498 | 4211173 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dycom Industries, Inc.\* | 11873 | 4011887 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eagle Materials, Inc. | 13148 | 2717429 |
| &nbsp;&nbsp;&nbsp;&nbsp; EnerSys | 15135 | 2221061 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entegris, Inc. | 62166 | 5237485 |
| &nbsp;&nbsp;&nbsp;&nbsp; Esab Corp. | 23402 | 2614471 |
| &nbsp;&nbsp;&nbsp;&nbsp; Exponent, Inc. | 20457 | 1420943 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fabrinet\* | 14691 | 6688518 |
| &nbsp;&nbsp;&nbsp;&nbsp; Flex Ltd.\* | 151638 | 9161968 |
| &nbsp;&nbsp;&nbsp;&nbsp; Flowserve Corp. | 52126 | 3616502 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fluor Corp.\* | 66095 | 2619345 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fortune Brands Innovations, Inc. | 49264 | 2464185 |
| &nbsp;&nbsp;&nbsp;&nbsp; GATX Corp. | 14639 | 2482774 |
| &nbsp;&nbsp;&nbsp;&nbsp; Graco, Inc. | 67986 | 5572812 |
| &nbsp;&nbsp;&nbsp;&nbsp; Graphic Packaging Holding Co. | 121019 | 1822546 |
| &nbsp;&nbsp;&nbsp;&nbsp; Greif, Inc. Cl A | 10731 | 726489 |
| &nbsp;&nbsp;&nbsp;&nbsp; GXO Logistics, Inc.\* | 46947 | 2471290 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hexcel Corp. | 32644 | 2412392 |
| &nbsp;&nbsp;&nbsp;&nbsp; ITT, Inc. | 34855 | 6047691 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kirby Corp.\* | 22225 | 2448751 |
| &nbsp;&nbsp;&nbsp;&nbsp; Knife River Corp.\* | 23236 | 1634653 |
| &nbsp;&nbsp;&nbsp;&nbsp; Knight-Swift Transportation Holdings, Inc. | 66569 | 3480227 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kratos Defense & Security Solutions, Inc.\* | 69236 | 5255705 |
| &nbsp;&nbsp;&nbsp;&nbsp; Landstar System, Inc. | 14084 | 2023871 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lincoln Electric Holdings, Inc. | 22564 | 5407237 |
| &nbsp;&nbsp;&nbsp;&nbsp; Littelfuse, Inc. | 10211 | 2582566 |
| &nbsp;&nbsp;&nbsp;&nbsp; Louisiana-Pacific Corp. | 25988 | 2098791 |
| &nbsp;&nbsp;&nbsp;&nbsp; MasTec, Inc.\* | 25152 | 5467290 |
| &nbsp;&nbsp;&nbsp;&nbsp; Middleby Corp.\* | 19003 | 2825176 |
| &nbsp;&nbsp;&nbsp;&nbsp; MSA Safety, Inc. | 15092 | 2416833 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mueller Industries, Inc. | 45523 | 5226040 |
| &nbsp;&nbsp;&nbsp;&nbsp; Novanta, Inc.\* | 14670 | 1745583 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — MID CAP EQUITY INDEX FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |
|  Industrial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; nVent Electric PLC | 66168 | $6747151 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oshkosh Corp. | 25938 | 3258591 |
| &nbsp;&nbsp;&nbsp;&nbsp; Owens Corning | 33704 | 3771815 |
| &nbsp;&nbsp;&nbsp;&nbsp; RBC Bearings, Inc.\* | 12908 | 5788334 |
| &nbsp;&nbsp;&nbsp;&nbsp; Regal Rexnord Corp. | 27224 | 3820072 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ryder System, Inc. | 16557 | 3168844 |
| &nbsp;&nbsp;&nbsp;&nbsp; Saia, Inc.\* | 10925 | 3567231 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sensata Technologies Holding PLC | 59738 | 1988678 |
| &nbsp;&nbsp;&nbsp;&nbsp; Silgan Holdings, Inc. | 35964 | 1451867 |
| &nbsp;&nbsp;&nbsp;&nbsp; Simpson Manufacturing Co., Inc. | 17001 | 2745151 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sonoco Products Co. | 40446 | 1765063 |
| &nbsp;&nbsp;&nbsp;&nbsp; SPX Technologies, Inc.\* | 20436 | 4088426 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sterling Infrastructure, Inc.\* | 12597 | 3857579 |
| &nbsp;&nbsp;&nbsp;&nbsp; TD SYNNEX Corp. | 31057 | 4665693 |
| &nbsp;&nbsp;&nbsp;&nbsp; Terex Corp. | 26900 | 1435922 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tetra Tech, Inc. | 107198 | 3595421 |
| &nbsp;&nbsp;&nbsp;&nbsp; Timken Co. | 25993 | 2186791 |
| &nbsp;&nbsp;&nbsp;&nbsp; TopBuild Corp.\* | 11445 | 4774740 |
| &nbsp;&nbsp;&nbsp;&nbsp; Toro Co. | 40130 | 3159034 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trex Co., Inc.\* | 43981 | 1542853 |
| &nbsp;&nbsp;&nbsp;&nbsp; UFP Industries, Inc. | 23889 | 2175093 |
| &nbsp;&nbsp;&nbsp;&nbsp; Universal Display Corp. | 18131 | 2117338 |
| &nbsp;&nbsp;&nbsp;&nbsp; Valmont Industries, Inc. | 8078 | 3249941 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vontier Corp. | 59500 | 2212210 |
| &nbsp;&nbsp;&nbsp;&nbsp; Watts Water Technologies, Inc. Cl A | 11239 | 3102189 |
| &nbsp;&nbsp;&nbsp;&nbsp; Woodward, Inc. | 24590 | 7434049 |
| &nbsp;&nbsp;&nbsp;&nbsp; XPO, Inc.\* | 48135 | 6542028 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;302892069 |
|  Technology (10.5%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allegro MicroSystems, Inc.\* | 50860 | 1341687 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amkor Technology, Inc. | 46628 | 1840873 |
| &nbsp;&nbsp;&nbsp;&nbsp; Appfolio, Inc. Cl A\* | 9461 | 2201102 |
| &nbsp;&nbsp;&nbsp;&nbsp; ASGN, Inc.\* | 17510 | 843457 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bentley Systems, Inc. Cl B | 61071 | 2330775 |
| &nbsp;&nbsp;&nbsp;&nbsp; BILL Holdings, Inc.\* | 36553 | 1993601 |
| &nbsp;&nbsp;&nbsp;&nbsp; Blackbaud, Inc.\* | 15039 | 952269 |
| &nbsp;&nbsp;&nbsp;&nbsp; CACI International, Inc. Cl A\* | 9054 | 4824062 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cirrus Logic, Inc.\* | 20926 | 2479731 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commvault Systems, Inc.\* | 18081 | 2266634 |
| &nbsp;&nbsp;&nbsp;&nbsp; Concentrix Corp. | 18126 | 753679 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crane NXT Co. | 20250 | 953167 |
| &nbsp;&nbsp;&nbsp;&nbsp; Docusign, Inc.\* | 82466 | 5640674 |
| &nbsp;&nbsp;&nbsp;&nbsp; Doximity, Inc. Cl A\* | 56332 | 2494381 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dropbox, Inc. Cl A\* | 71525 | 1988395 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |
|  Technology (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Duolingo, Inc.\* | 16408 | $2879604 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dynatrace, Inc.\* | 123629 | 5358081 |
| &nbsp;&nbsp;&nbsp;&nbsp; ExlService Holdings, Inc.\* | 65078 | 2761910 |
| &nbsp;&nbsp;&nbsp;&nbsp; Genpact Ltd. | 65752 | 3075879 |
| &nbsp;&nbsp;&nbsp;&nbsp; Guidewire Software, Inc.\* | 34863 | 7007812 |
| &nbsp;&nbsp;&nbsp;&nbsp; IPG Photonics Corp.\* | 10364 | 742062 |
| &nbsp;&nbsp;&nbsp;&nbsp; KBR, Inc. | 52074 | 2093375 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kyndryl Holdings, Inc.\* | 93726 | 2489363 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lattice Semiconductor Corp.\* | 56091 | 4127176 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lumentum Holdings, Inc.\* | 29074 | &nbsp;&nbsp;&nbsp;&nbsp;10716386 |
| &nbsp;&nbsp;&nbsp;&nbsp; MACOM Technology Solutions Holdings, Inc.\* | 26263 | 4498327 |
| &nbsp;&nbsp;&nbsp;&nbsp; Manhattan Associates, Inc.\* | 24710 | 4282490 |
| &nbsp;&nbsp;&nbsp;&nbsp; Maximus, Inc. | 23107 | 1994596 |
| &nbsp;&nbsp;&nbsp;&nbsp; MKS, Inc. | 27544 | 4401531 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nutanix, Inc. Cl A\* | 111040 | 5739658 |
| &nbsp;&nbsp;&nbsp;&nbsp; Okta, Inc.\* | 69079 | 5973261 |
| &nbsp;&nbsp;&nbsp;&nbsp; Onto Innovation, Inc.\* | 20098 | 3172670 |
| &nbsp;&nbsp;&nbsp;&nbsp; Parsons Corp.\* | 21834 | 1349341 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pegasystems, Inc. | 37583 | 2244457 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pure Storage, Inc. Cl A\* | 128024 | 8578888 |
| &nbsp;&nbsp;&nbsp;&nbsp; Qualys, Inc.\* | 14704 | 1954162 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rambus, Inc.\* | 44143 | 4056300 |
| &nbsp;&nbsp;&nbsp;&nbsp; Science Applications International Corp. | 18872 | 1899655 |
| &nbsp;&nbsp;&nbsp;&nbsp; Silicon Laboratories, Inc.\* | 13472 | 1760790 |
| &nbsp;&nbsp;&nbsp;&nbsp; Synaptics, Inc.\* | 15988 | 1183432 |
| &nbsp;&nbsp;&nbsp;&nbsp; Twilio, Inc. Cl A\* | 62171 | 8843203 |
| &nbsp;&nbsp;&nbsp;&nbsp; UiPath, Inc. Cl A\* | 170990 | 2802526 |
| &nbsp;&nbsp;&nbsp;&nbsp; ZoomInfo Technologies, Inc.\* | 112440 | 1143515 |
|  |  | 140034937 |
|  Utilities (3.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Black Hills Corp. | 30949 | 2148479 |
| &nbsp;&nbsp;&nbsp;&nbsp; Essential Utilities, Inc. | 116038 | 4451218 |
| &nbsp;&nbsp;&nbsp;&nbsp; IDACORP, Inc. | 22162 | 2804823 |
| &nbsp;&nbsp;&nbsp;&nbsp; National Fuel Gas Co. | 37055 | 2966623 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Jersey Resources Corp. | 41191 | 1899729 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northwestern Energy Group, Inc. | 25181 | 1625182 |
| &nbsp;&nbsp;&nbsp;&nbsp; OGE Energy Corp. | 82612 | 3527532 |
| &nbsp;&nbsp;&nbsp;&nbsp; ONE Gas, Inc. | 24603 | 1900582 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ormat Technologies, Inc. | 24925 | 2753465 |
| &nbsp;&nbsp;&nbsp;&nbsp; Portland General Electric Co. | 46128 | 2213683 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southwest Gas Holdings, Inc. | 26344 | 2108047 |
| &nbsp;&nbsp;&nbsp;&nbsp; Spire, Inc. | 24204 | 2001671 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — MID CAP EQUITY INDEX FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** |  |  |
|  Utilities (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Talen Energy Corp.\* | 18735 | $7022627 |
| &nbsp;&nbsp;&nbsp;&nbsp; TXNM Energy, Inc. | 40198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2366858 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** |  |  |
|  Utilities (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; UGI Corp. | 88133 | $3298818 |
|  |  | 43089337 |
|  Total Common Stocks<br>(Cost: $1,049,314,425) |  | 1313812963 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **SHORT-TERM DEBT SECURITIES (1.4%):** |  |  |  |  |  |
|  U.S. Government (1.4%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.52 | 01/27/26 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8000000 | $7979688 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.63 | 01/15/26 | 1100000 | 1098448 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill(1) | A-1+ | 3.79 | 02/17/26 | 9500000 | 9453595 |
|  Total Short-Term Debt Securities<br>(Cost: $18,531,731) |  |  |  |  | 18531731 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Rate(%)** | **Face Amount** | **Value** |
|  **TEMPORARY CASH INVESTMENT (0.1%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Securities Cash Management, Institutional Shares | 3.63 | $1005198 | $1005198 |
|  Total Temporary Cash Investment<br>(Cost: $1,005,198) |  |  | 1005198 |
|  Total Investments<br>(Cost: $1,068,851,354) 100.1% |  |  | 1333349892 |
|  Other Net Assets -0.1% |  |  | (1802053) |
|  Net Assets 100.0% |  |  | $1331547839 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
\* Non-income producing security.

\*\* Ratings as per Standard & Poor's Corporation (unaudited).

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — MID CAP EQUITY INDEX FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025
(1) This security, or a portion thereof, has been segregated to cover initial margin requirements on open futures contracts. Information on futures contracts outstanding in the Fund as of December 31, 2025, was as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contract**<br> **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Type** | **Number of**<br>**Contracts** | **Purchased (P)**<br>**or Sold (S)** | **Expiration**<br>**Date** | **Underlying**<br>**Face Amount**<br>**at Value** | **Unrealized**<br>**Gain(Loss)(a)** | **Face Value<br>of Futures<br>as a % of<br>Total**<br>**Investments** |
|  E-mini S&P 400 Stock Index | 55 | P | March 2026 | $18288600 | $(281900) | 1.4% |

---

(a) Includes the cumulative appreciation (depreciation) of futures contracts, which is included in Total Distributable Earnings (Loss) in the Components of Net Assets section of the Statements of Assets and Liabilities. The Receivable or Payable for Daily Variation on Futures Contracts in the Statements of Assets and Liabilities only includes the current day's variation margin payable or receivable.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — BALANCED FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (59.8%):** | **COMMON STOCKS (59.8%):** | **COMMON STOCKS (59.8%):** |
|  Basic Materials (1.5%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Freeport-McMoRan, Inc. | 23443 | $1190670 |
| &nbsp;&nbsp;&nbsp;&nbsp; Newmont Corp. | 20629 | 2059806 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3250476 |
|  Communications (7.9%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alphabet, Inc. Cl A | 19957 | 6246541 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amazon.com, Inc.\* | 5547 | 1280359 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arista Networks, Inc.\* | 10114 | 1325237 |
| &nbsp;&nbsp;&nbsp;&nbsp; AT&T, Inc. | 52641 | 1307602 |
| &nbsp;&nbsp;&nbsp;&nbsp; Booking Holdings, Inc. | 368 | 1970761 |
| &nbsp;&nbsp;&nbsp;&nbsp; Comcast Corp. Cl A | 37395 | 1117737 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fox Corp. Cl A | 15615 | 1140988 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gen Digital, Inc. | 17551 | 477212 |
| &nbsp;&nbsp;&nbsp;&nbsp; Palo Alto Networks, Inc.\* | 5240 | 965208 |
| &nbsp;&nbsp;&nbsp;&nbsp; T-Mobile US, Inc. | 5077 | 1030834 |
|  |  | 16862479 |
|  Consumer, Cyclical (4.4%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AutoZone, Inc.\* | 255 | 864832 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Depot, Inc. | 3306 | 1137595 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ralph Lauren Corp. | 5757 | 2035733 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tapestry, Inc. | 19199 | 2453056 |
| &nbsp;&nbsp;&nbsp;&nbsp; TJX Cos., Inc. | 6948 | 1067282 |
| &nbsp;&nbsp;&nbsp;&nbsp; Walmart, Inc. | 15590 | 1736882 |
|  |  | 9295380 |
|  Consumer, Non-cyclical (9.0%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AbbVie, Inc. | 8284 | 1892811 |
| &nbsp;&nbsp;&nbsp;&nbsp; Becton Dickinson & Co. | 2604 | 505358 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bristol-Myers Squibb Co. | 30772 | 1659842 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cigna Group | 2915 | 802295 |
| &nbsp;&nbsp;&nbsp;&nbsp; Colgate-Palmolive Co. | 12652 | 999761 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corpay, Inc.\* | 3566 | 1073116 |
| &nbsp;&nbsp;&nbsp;&nbsp; CVS Health Corp. | 8264 | 655831 |
| &nbsp;&nbsp;&nbsp;&nbsp; Danaher Corp. | 2540 | 581457 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eli Lilly & Co. | 1961 | 2107448 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gilead Sciences, Inc. | 12496 | 1533759 |
| &nbsp;&nbsp;&nbsp;&nbsp; HCA Healthcare, Inc. | 3061 | 1429059 |
| &nbsp;&nbsp;&nbsp;&nbsp; Johnson & Johnson | 10897 | 2255134 |
| &nbsp;&nbsp;&nbsp;&nbsp; McKesson Corp. | 1349 | 1106571 |
| &nbsp;&nbsp;&nbsp;&nbsp; Philip Morris International, Inc. | 10543 | 1691097 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quanta Services, Inc. | 2151 | 907851 |
|  |  | 19201390 |
|  Energy (2.1%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Baker Hughes Co. | 15239 | 693984 |
| &nbsp;&nbsp;&nbsp;&nbsp; ConocoPhillips | 8101 | 758334 |
| &nbsp;&nbsp;&nbsp;&nbsp; Coterra Energy, Inc. | 14234 | 374639 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expand Energy Corp. | 4888 | 539440 |
| &nbsp;&nbsp;&nbsp;&nbsp; Valero Energy Corp. | 5316 | 865392 |
| &nbsp;&nbsp;&nbsp;&nbsp; Williams Cos., Inc. | 22300 | 1340453 |
|  |  | 4572242 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |
|  Financial (8.6%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Charles Schwab Corp. | 11100 | $1109001 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citigroup, Inc. | 20440 | 2385144 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crown Castle, Inc. | 5268 | 468167 |
| &nbsp;&nbsp;&nbsp;&nbsp; Digital Realty Trust, Inc. | 7756 | 1199931 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. | 2049 | 1801071 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. | 10542 | 3396843 |
| &nbsp;&nbsp;&nbsp;&nbsp; M&T Bank Corp. | 4234 | 853066 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mastercard, Inc. Cl A | 2738 | 1563069 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley | 9815 | 1742457 |
| &nbsp;&nbsp;&nbsp;&nbsp; Visa, Inc. Cl A | 6784 | 2379217 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo & Co. | 14068 | 1311138 |
|  |  | 18209104 |
|  Industrial (6.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AMETEK, Inc. | 1761 | 361551 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amphenol Corp. Cl A | 11448 | 1547083 |
| &nbsp;&nbsp;&nbsp;&nbsp; Builders FirstSource, Inc.\* | 4981 | 512495 |
| &nbsp;&nbsp;&nbsp;&nbsp; Caterpillar, Inc. | 3124 | 1789646 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eaton Corp. PLC | 2545 | 810608 |
| &nbsp;&nbsp;&nbsp;&nbsp; FedEx Corp. | 4908 | 1417725 |
| &nbsp;&nbsp;&nbsp;&nbsp; GE Vernova, Inc. | 2041 | 1333936 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Electric Co. | 4927 | 1517664 |
| &nbsp;&nbsp;&nbsp;&nbsp; RTX Corp. | 7415 | 1359911 |
| &nbsp;&nbsp;&nbsp;&nbsp; Snap-on, Inc. | 2211 | 761910 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trane Technologies PLC | 2290 | 891268 |
| &nbsp;&nbsp;&nbsp;&nbsp; Union Pacific Corp. | 3387 | 783481 |
|  |  | 13087278 |
|  Technology (18.5%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Adobe, Inc.\* | 3339 | 1168617 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apple, Inc. | 34286 | 9320992 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadcom, Inc. | 16951 | 5866741 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intuit, Inc. | 1631 | 1080407 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lam Research Corp. | 14774 | 2529013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Microsoft Corp. | 17098 | 8268935 |
| &nbsp;&nbsp;&nbsp;&nbsp; NetApp, Inc. | 7183 | 769227 |
| &nbsp;&nbsp;&nbsp;&nbsp; NVIDIA Corp. | 52591 | 9808222 |
| &nbsp;&nbsp;&nbsp;&nbsp; Roper Technologies, Inc. | 896 | 398836 |
|  |  | 39210990 |
|  Utilities (1.6%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; NextEra Energy, Inc. | 11590 | 930445 |
| &nbsp;&nbsp;&nbsp;&nbsp; NRG Energy, Inc. | 6874 | 1094616 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vistra Corp. | 8041 | 1297255 |
|  |  | 3322316 |
|  Total Common Stocks<br>(Cost: $61,755,146) |  | 127011655 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — BALANCED FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (35.1%):** |  |  |  |  |  |
|  U.S. Government (8.5%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 1.38 | 11/15/40 | $750000 | $488789 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 1.75 | 08/15/41 | 1900000 | 1287250 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 1.88 | 02/15/41 | 1400000 | 981750 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 3.00 | 11/15/45 | 600000 | 460312 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 3.63 | 02/15/53 | 465000 | 378176 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 4.00 | 11/15/52 | 620000 | 539981 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 4.13 | 08/15/53 | 2095000 | 1862586 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 4.25 | 02/15/54 | 615000 | 558497 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 4.63 | 05/15/44 | 50000 | 49281 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 4.88 | 08/15/45 | 1200000 | 1216313 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 2.63 | 01/31/26 | 750000 | 749368 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.50 | 11/30/30 | 1000000 | 990938 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.63 | 10/31/30 | 890000 | 887149 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.88 | 06/30/30 | 1395000 | 1406770 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.88 | 08/31/32 | 3370000 | 3366314 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.88 | 08/15/34 | 300000 | 295969 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.00 | 02/15/34 | 550000 | 549313 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.13 | 05/31/32 | 70000 | 71023 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.13 | 11/15/32 | 400000 | 405188 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.25 | 11/15/34 | 330000 | 334228 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.25 | 05/15/35 | 370000 | 373873 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Strip(1) | AA+ | 0.00 | 02/15/42 | 1625000 | 738583 |
|  |  |  |  |  | 17991651 |
|  U.S. Government Agencies (11.8%) |  |  |  |  |  |
|  Mortgage-Backed Obligations (11.8%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 1.50 | 10/01/36 | 310077 | 281445 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.50 | 09/01/27 | 12940 | 12783 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.50 | 06/01/35 | 110113 | 105185 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.50 | 04/01/50 | 138531 | 117813 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.50 | 06/01/50 | 143209 | 122862 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.50 | 11/01/50 | 585053 | 506113 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.50 | 10/01/51 | 226266 | 192923 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 06/01/27 | 9730 | 9653 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 08/01/27 | 1015 | 1011 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 11/01/42 | 95345 | 88426 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 04/01/43 | 67920 | 62807 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 11/01/49 | 333676 | 299779 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 10/01/51 | 318724 | 282396 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 06/01/52 | 551487 | 493515 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 02/01/32 | 60484 | 59881 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 01/01/43 | 85094 | 81263 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 06/01/45 | 109732 | 104391 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 07/01/45 | 135406 | 128985 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 11/01/33 | 34960 | 35007 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 01/01/38 | 55849 | 55526 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 03/01/41 | 25253 | 24819 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 07/01/41 | 38243 | 37586 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — BALANCED FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |  |  |
|  U.S. Government Agencies (Continued) |  |  |  |  |  |
|  Mortgage-Backed Obligations (Continued) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 11/01/42 | $16764 | $16419 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 01/01/43 | 87621 | 85817 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 10/01/44 | 29997 | 29155 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 06/01/45 | 112287 | 109203 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 04/01/52 | 360033 | 345072 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 08/01/52 | 241375 | 231886 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.23 | 05/01/30 | 475000 | 475796 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.50 | 02/01/44 | 31586 | 31531 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.50 | 05/01/48 | 45945 | 45694 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.00 | 02/01/26 | 3 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.00 | 08/01/35 | 32656 | 33366 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.00 | 07/01/39 | 6209 | 6364 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.00 | 01/01/52 | 182993 | 183705 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.00 | 06/01/52 | 663116 | 666348 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.00 | 12/01/52 | 448722 | 452838 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.00 | 06/01/54 | 167780 | 168311 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.00 | 12/01/55 | 950000 | 949822 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.50 | 07/01/32 | 7123 | 7321 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.50 | 05/01/33 | 5439 | 5636 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.50 | 06/01/37 | 32980 | 34392 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.50 | 06/01/53 | 85342 | 87163 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.50 | 07/01/53 | 620954 | 634870 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 6.00 | 09/01/53 | 159790 | 165351 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 6.00 | 02/01/54 | 235759 | 243585 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC ARM SOFR30A + 2.29%(2) | AA+ | 1.93 | 10/01/51 | 547651 | 499259 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC Strip | AA+ | 3.00 | 06/01/42 | 134960 | 126085 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC Strip | AA+ | 3.00 | 01/01/43 | 42243 | 39292 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.00 | 11/01/35 | 308888 | 288707 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.00 | 07/01/36 | 554792 | 518715 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.00 | 09/01/50 | 580717 | 475442 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.00 | 10/01/50 | 165660 | 137106 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.00 | 02/01/51 | 390632 | 316450 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.00 | 03/01/51 | 223540 | 181100 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.34 | 05/01/36 | 543014 | 452421 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 02/01/33 | 85043 | 81814 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 06/01/35 | 272577 | 260378 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 04/01/42 | 950816 | 856654 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 03/01/51 | 734046 | 635934 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 04/01/51 | 138067 | 118064 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 05/01/51 | 621752 | 537873 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 05/01/52 | 780955 | 669503 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 06/01/33 | 86448 | 84094 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 09/01/33 | 49554 | 48168 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 01/01/43 | 174022 | 161188 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 02/01/43 | 45806 | 42422 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 03/01/43 | 90849 | 83902 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 09/01/43 | 95246 | 87685 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 12/01/47 | 26592 | 24099 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — BALANCED FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |  |  |
|  U.S. Government Agencies (Continued) |  |  |  |  |  |
|  Mortgage-Backed Obligations (Continued) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 03/01/48 | $36166 | $32663 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 01/01/52 | 477428 | 425666 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 04/01/52 | 475549 | 421347 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.10 | 06/01/29 | 175000 | 169641 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 08/01/38 | 60925 | 58049 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 10/01/41 | 39075 | 37126 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 11/01/41 | 66317 | 63434 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 12/01/41 | 44700 | 42470 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 04/01/42 | 68159 | 64593 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 08/01/42 | 76842 | 73294 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 08/01/43 | 292660 | 278584 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 10/01/44 | 23291 | 22241 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 04/01/45 | 132929 | 126332 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 05/01/45 | 3564 | 3385 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 09/01/47 | 44801 | 42363 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 06/01/51 | 490550 | 455967 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 05/01/52 | 539330 | 503528 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.75 | 08/01/28 | 199005 | 197920 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 01/01/31 | 21317 | 21313 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 07/01/40 | 51107 | 50173 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 11/01/40 | 29124 | 28590 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 05/01/41 | 25094 | 24518 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 11/01/45 | 51316 | 49968 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 02/01/47 | 50440 | 49042 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 04/01/49 | 193467 | 186529 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 03/01/50 | 183315 | 175977 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 07/01/52 | 127419 | 122612 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 07/01/56 | 281139 | 269955 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 05/01/30 | 5502 | 5540 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 06/01/34 | 9789 | 9873 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 08/01/35 | 8084 | 8150 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 05/01/39 | 36586 | 36766 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 05/01/40 | 32903 | 33036 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 10/01/40 | 106609 | 107301 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 10/01/41 | 8463 | 8481 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 11/01/47 | 55635 | 55284 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 05/01/50 | 281574 | 279481 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 06/01/33 | 10987 | 11212 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 10/01/33 | 12420 | 12674 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 11/01/33 | 39110 | 39912 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 03/01/34 | 4569 | 4663 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 04/01/34 | 8037 | 8213 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 09/01/35 | 4155 | 4250 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 08/01/37 | 39714 | 40661 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 05/01/39 | 18229 | 18661 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.50 | 07/01/27 | 21343 | 21455 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.50 | 06/01/48 | 3891 | 4017 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.50 | 03/01/53 | 302587 | 308268 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — BALANCED FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |  |  |
|  U.S. Government Agencies (Continued) |  |  |  |  |  |
|  Mortgage-Backed Obligations (Continued) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.50 | 02/01/55 | $954899 | $973167 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.50 | 09/01/55 | 382861 | 389659 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 05/01/32 | 2422 | 2521 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 04/01/33 | 13640 | 14264 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 05/01/33 | 5784 | 6049 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 06/01/34 | 3069 | 3223 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 09/01/34 | 742 | 780 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 10/01/34 | 8000 | 8403 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 01/01/37 | 3776 | 4001 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 05/01/37 | 1313 | 1396 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 11/01/52 | 516673 | 538794 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 09/01/53 | 40311 | 42097 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 09/01/54 | 212288 | 218510 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.50 | 05/01/32 | 12726 | 13426 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.50 | 07/01/34 | 2461 | 2621 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.50 | 05/01/37 | 14468 | 15563 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 7.00 | 04/01/32 | 434 | 462 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 7.50 | 06/01/31 | 786 | 826 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 7.50 | 02/01/32 | 1136 | 1209 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 7.50 | 06/01/32 | 804 | 865 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 8.00 | 04/01/32 | 869 | 907 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA ARM SOFR30A + 2.29%(2) | AA+ | 4.39 | 02/01/53 | 229792 | 229119 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA ARM SOFR30A + 2.37%(2) | AA+ | 1.81 | 09/01/51 | 661684 | 603494 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA Strip | AA+ | 3.00 | 08/01/42 | 38989 | 36449 |
| &nbsp;&nbsp;&nbsp;&nbsp; FRESB Multifamily Mortgage(3) | AA+ | 2.37 | 10/01/26 | 38859 | 38396 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 1.50 | 02/01/37 | 239240 | 218355 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 2.00 | 09/01/35 | 236982 | 222879 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 2.50 | 10/01/51 | 168287 | 144668 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 2.50 | 08/01/52 | 157685 | 136282 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 2.50 | 03/01/53 | 816033 | 705591 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 2.50 | 06/01/53 | 368463 | 318578 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 3.00 | 10/01/51 | 210470 | 187847 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 4.00 | 01/01/42 | 95598 | 93153 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 4.00 | 08/01/42 | 31508 | 30705 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 4.50 | 04/01/31 | 14377 | 14487 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 4.50 | 10/01/40 | 38408 | 38534 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 4.50 | 10/01/43 | 62768 | 62634 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 5.00 | 06/01/39 | 32317 | 33176 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 6.50 | 04/01/31 | 961 | 994 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 6.50 | 10/01/31 | 432 | 452 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 6.50 | 12/01/31 | 83 | 83 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 6.50 | 05/01/32 | 1428 | 1461 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 7.00 | 05/01/31 | 437 | 459 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 7.00 | 05/01/32 | 14 | 14 |
|  |  |  |  |  | 25211903 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — BALANCED FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |  |  |
|  Corporate Debt (14.8%) |  |  |  |  |  |
|  Basic Materials (0.1%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; International Flavors & Fragrances, Inc.† | BBB- | 1.83 | 10/15/27 | $290000 | $278259 |
|  |  |  |  |  | 278259 |
|  Communications (0.9%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AT&T, Inc. | BBB | 2.75 | 06/01/31 | 400000 | 367723 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expedia Group, Inc. | BBB | 5.40 | 02/15/35 | 170000 | 174695 |
| &nbsp;&nbsp;&nbsp;&nbsp; Meta Platforms, Inc. | AA- | 4.88 | 11/15/35 | 335000 | 335131 |
| &nbsp;&nbsp;&nbsp;&nbsp; Motorola Solutions, Inc. | BBB | 5.55 | 08/15/35 | 160000 | 166526 |
| &nbsp;&nbsp;&nbsp;&nbsp; T-Mobile USA, Inc. | BBB | 2.70 | 03/15/32 | 250000 | 225098 |
| &nbsp;&nbsp;&nbsp;&nbsp; T-Mobile USA, Inc. | BBB | 3.38 | 04/15/29 | 165000 | 160942 |
| &nbsp;&nbsp;&nbsp;&nbsp; Uber Technologies, Inc.† | BBB | 4.50 | 08/15/29 | 180000 | 180327 |
| &nbsp;&nbsp;&nbsp;&nbsp; VeriSign, Inc. | BBB | 2.70 | 06/15/31 | 325000 | 295643 |
| &nbsp;&nbsp;&nbsp;&nbsp; Verizon Communications, Inc. | BBB+ | 4.75 | 01/15/33 | 110000 | 110041 |
|  |  |  |  |  | 2016126 |
|  Consumer, Cyclical (0.7%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AutoZone, Inc. | BBB | 3.75 | 04/18/29 | 65000 | 64073 |
| &nbsp;&nbsp;&nbsp;&nbsp; AutoZone, Inc. | BBB | 6.25 | 11/01/28 | 175000 | 184988 |
| &nbsp;&nbsp;&nbsp;&nbsp; Darden Restaurants, Inc. | BBB | 3.85 | 05/01/27 | 110000 | 109734 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC | BBB- | 6.80 | 11/07/28 | 200000 | 209937 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Motors Financial Co., Inc. | BBB | 3.10 | 01/12/32 | 175000 | 159773 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lennar Corp. | BBB | 5.00 | 06/15/27 | 110000 | 110948 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lowe's Cos., Inc. | BBB+ | 2.63 | 04/01/31 | 185000 | 169794 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lowe's Cos., Inc. | BBB+ | 4.50 | 10/15/32 | 220000 | 219053 |
| &nbsp;&nbsp;&nbsp;&nbsp; Toll Brothers Finance Corp. | BBB | 4.88 | 03/15/27 | 200000 | 201551 |
|  |  |  |  |  | 1429851 |
|  Consumer, Non-cyclical (1.5%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AbbVie, Inc. | A- | 5.05 | 03/15/34 | 545000 | 560853 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amgen, Inc. | BBB+ | 5.25 | 03/02/33 | 335000 | 347102 |
| &nbsp;&nbsp;&nbsp;&nbsp; Block Financial LLC | BBB | 5.38 | 09/15/32 | 225000 | 226754 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bunge Ltd. Finance Corp. | A- | 2.75 | 05/14/31 | 235000 | 215986 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bunge Ltd. Finance Corp. | A- | 4.20 | 09/17/29 | 150000 | 150209 |
| &nbsp;&nbsp;&nbsp;&nbsp; Constellation Brands, Inc. | BBB | 4.80 | 01/15/29 | 230000 | 233750 |
| &nbsp;&nbsp;&nbsp;&nbsp; CVS Health Corp. | BBB | 3.75 | 04/01/30 | 389000 | 379927 |
| &nbsp;&nbsp;&nbsp;&nbsp; Elevance Health, Inc. | A- | 2.88 | 09/15/29 | 255000 | 243159 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equifax, Inc. | BBB | 4.80 | 09/15/29 | 280000 | 284763 |
| &nbsp;&nbsp;&nbsp;&nbsp; Global Payments, Inc. | BBB- | 5.20 | 11/15/32 | 230000 | 230202 |
| &nbsp;&nbsp;&nbsp;&nbsp; J M Smucker Co. | BBB | 6.20 | 11/15/33 | 245000 | 265878 |
|  |  |  |  |  | 3138583 |
|  Energy (1.5%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Antero Resources Corp.† | BBB- | 7.63 | 02/01/29 | 110000 | 111685 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cheniere Energy Partners LP | BBB+ | 4.50 | 10/01/29 | 295000 | 295919 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diamondback Energy, Inc. | BBB | 5.15 | 01/30/30 | 360000 | 370652 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy Transfer LP | BBB | 5.25 | 07/01/29 | 105000 | 108149 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy Transfer LP | BBB | 5.55 | 02/15/28 | 241000 | 247481 |
| &nbsp;&nbsp;&nbsp;&nbsp; EQT Corp. | BBB- | 3.90 | 10/01/27 | 203000 | 202102 |
| &nbsp;&nbsp;&nbsp;&nbsp; HF Sinclair Corp. | BBB- | 5.75 | 01/15/31 | 360000 | 372295 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kinder Morgan, Inc. | BBB | 5.10 | 08/01/29 | 350000 | 360177 |
| &nbsp;&nbsp;&nbsp;&nbsp; Occidental Petroleum Corp. | BB+ | 6.38 | 09/01/28 | 170000 | 178265 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — BALANCED FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |  |  |
|  Corporate Debt (Continued) |  |  |  |  |  |
|  Energy (Continued) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; ONEOK, Inc. | BBB | 4.40 | 10/15/29 | $70000 | $70273 |
| &nbsp;&nbsp;&nbsp;&nbsp; ONEOK, Inc.† | BBB | 5.63 | 01/15/28 | 180000 | 183715 |
| &nbsp;&nbsp;&nbsp;&nbsp; Plains All American Pipeline LP / PAA Finance Corp. | BBB | 4.70 | 01/15/31 | 115000 | 115786 |
| &nbsp;&nbsp;&nbsp;&nbsp; Targa Resources Partners LP / Targa Resources Partners Finance Corp. | BBB | 5.50 | 03/01/30 | 150000 | 152551 |
| &nbsp;&nbsp;&nbsp;&nbsp; Targa Resources Partners LP / Targa Resources Partners Finance Corp. | BBB | 6.88 | 01/15/29 | 75000 | 75894 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Midstream Operating LP | BBB- | 4.75 | 08/15/28 | 295000 | 298655 |
|  |  |  |  |  | 3143599 |
|  Financial (7.1%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alexandria Real Estate Equities, Inc. | BBB+ | 4.75 | 04/15/35 | 360000 | 347160 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alleghany Corp. | AA | 3.63 | 05/15/30 | 160000 | 156484 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Express Co.(3)(5) | A- | 4.92 | 07/20/33 | 560000 | 570618 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Tower Corp. | BBB+ | 2.90 | 01/15/30 | 140000 | 133061 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Tower Corp. | BBB+ | 5.80 | 11/15/28 | 180000 | 187923 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aon North America, Inc. | A- | 5.45 | 03/01/34 | 350000 | 364221 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arthur J. Gallagher & Co. | BBB | 5.00 | 02/15/32 | 305000 | 312212 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of America Corp.(3)(5) | A- | 2.97 | 02/04/33 | 985000 | 901400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp.(3)(5) | A | 4.97 | 04/26/34 | 115000 | 117375 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp.(3)(5) | A | 5.06 | 07/22/32 | 345000 | 357582 |
| &nbsp;&nbsp;&nbsp;&nbsp; BankUnited, Inc. | BBB- | 5.13 | 06/11/30 | 200000 | 201095 |
| &nbsp;&nbsp;&nbsp;&nbsp; Boston Properties LP | BBB | 3.25 | 01/30/31 | 300000 | 281541 |
| &nbsp;&nbsp;&nbsp;&nbsp; Boston Properties LP | BBB | 5.75 | 01/15/35 | 85000 | 87539 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brown & Brown, Inc. | BBB- | 5.25 | 06/23/32 | 100000 | 102258 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital One Financial Corp.(3)(5) | BBB | 4.93 | 05/10/28 | 165000 | 167036 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital One Financial Corp. | BBB | 6.70 | 11/29/32 | 200000 | 221597 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citigroup, Inc.(3)(5) | BBB+ | 3.79 | 03/17/33 | 195000 | 185983 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citigroup, Inc.(3)(5) | BBB+ | 3.98 | 03/20/30 | 220000 | 218132 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citigroup, Inc.(3)(5) | BBB | 5.83 | 02/13/35 | 300000 | 312542 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citizens Financial Group, Inc.(3)(5) | BBB+ | 5.84 | 01/23/30 | 340000 | 355070 |
| &nbsp;&nbsp;&nbsp;&nbsp; Digital Realty Trust LP | BBB+ | 5.55 | 01/15/28 | 215000 | 221004 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equinix, Inc. | BBB+ | 3.20 | 11/18/29 | 145000 | 139299 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fairfax Financial Holdings Ltd. | A- | 6.00 | 12/07/33 | 160000 | 169936 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fifth Third Bancorp(3)(5) | BBB+ | 4.90 | 09/06/30 | 125000 | 127097 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fifth Third Bancorp(3)(5) | BBB+ | 6.34 | 07/27/29 | 155000 | 163230 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Horizon Bank | BBB | 5.75 | 05/01/30 | 250000 | 258525 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. | BBB+ | 2.60 | 02/07/30 | 450000 | 423111 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc.(3)(5) | BBB+ | 5.33 | 07/23/35 | 235000 | 241733 |
| &nbsp;&nbsp;&nbsp;&nbsp; Host Hotels & Resorts LP | BBB- | 5.70 | 07/01/34 | 275000 | 284413 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase & Co.(3)(5) | A | 5.00 | 07/22/30 | 200000 | 205412 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase & Co.(3)(5) | A | 5.35 | 06/01/34 | 200000 | 207940 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase & Co.(3)(5) | A | 5.50 | 01/24/36 | 300000 | 314248 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kemper Corp. | BBB- | 3.80 | 02/23/32 | 145000 | 134164 |
| &nbsp;&nbsp;&nbsp;&nbsp; KeyCorp | BBB | 2.55 | 10/01/29 | 400000 | 378014 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kimco Realty OP LLC | A- | 4.85 | 03/01/35 | 135000 | 134615 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kimco Realty OP LLC | A- | 6.40 | 03/01/34 | 200000 | 220966 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liberty Mutual Group, Inc.† | BBB | 4.57 | 02/01/29 | 365000 | 367032 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — BALANCED FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |  |  |
|  Corporate Debt (Continued) |  |  |  |  |  |
|  Financial (Continued) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Manufacturers & Traders Trust Co. | A- | 4.70 | 01/27/28 | $250000 | $253551 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mercury General Corp. | BBB- | 4.40 | 03/15/27 | 125000 | 124870 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley(3)(5) | A- | 2.70 | 01/22/31 | 450000 | 422506 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley(3)(5) | A- | 5.17 | 01/16/30 | 40000 | 41095 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley(3)(5) | A- | 5.45 | 07/20/29 | 210000 | 216754 |
| &nbsp;&nbsp;&nbsp;&nbsp; NNN REIT, Inc. | BBB+ | 2.50 | 04/15/30 | 145000 | 134602 |
| &nbsp;&nbsp;&nbsp;&nbsp; NNN REIT, Inc. | BBB+ | 4.60 | 02/15/31 | 165000 | 166173 |
| &nbsp;&nbsp;&nbsp;&nbsp; PNC Bank N.A. | A- | 2.70 | 10/22/29 | 250000 | 236209 |
| &nbsp;&nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc.(3)(5) | A- | 5.58 | 06/12/29 | 180000 | 186672 |
| &nbsp;&nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc.(3)(5) | A- | 6.88 | 10/20/34 | 120000 | 135917 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prologis LP | A | 1.75 | 07/01/30 | 140000 | 126013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Realty Income Corp. | A- | 4.85 | 03/15/30 | 65000 | 66809 |
| &nbsp;&nbsp;&nbsp;&nbsp; Realty Income Corp. | A- | 5.13 | 02/15/34 | 325000 | 333490 |
| &nbsp;&nbsp;&nbsp;&nbsp; Synchrony Financial(3)(5) | BBB- | 5.02 | 07/29/29 | 150000 | 151920 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tanger Properties LP | BBB- | 2.75 | 09/01/31 | 300000 | 271758 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tanger Properties LP | BBB- | 3.88 | 07/15/27 | 110000 | 109422 |
| &nbsp;&nbsp;&nbsp;&nbsp; Truist Financial Corp.(3)(5) | A- | 4.87 | 01/26/29 | 300000 | 304721 |
| &nbsp;&nbsp;&nbsp;&nbsp; Truist Financial Corp.(3)(5) | A- | 5.07 | 05/20/31 | 140000 | 143888 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Bancorp(3)(5) | A | 4.65 | 02/01/29 | 465000 | 470889 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Bancorp(3)(5) | A | 5.78 | 06/12/29 | 60000 | 62397 |
| &nbsp;&nbsp;&nbsp;&nbsp; Voya Financial, Inc. | BBB+ | 5.00 | 09/20/34 | 250000 | 248812 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo & Co.(3)(5) | BBB+ | 3.35 | 03/02/33 | 315000 | 294116 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo & Co.(3)(5) | BBB+ | 5.20 | 01/23/30 | 220000 | 226685 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo & Co.(3)(5) | BBB+ | 5.56 | 07/25/34 | 200000 | 209883 |
| &nbsp;&nbsp;&nbsp;&nbsp; Welltower OP LLC | A- | 2.75 | 01/15/31 | 340000 | 316503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zions Bancorp N.A. | BBB | 3.25 | 10/29/29 | 250000 | 235540 |
|  |  |  |  |  | 15062763 |
|  Industrial (1.3%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Arrow Electronics, Inc. | BBB- | 5.15 | 08/21/29 | 250000 | 255952 |
| &nbsp;&nbsp;&nbsp;&nbsp; Boeing Co. | BBB- | 3.20 | 03/01/29 | 375000 | 363506 |
| &nbsp;&nbsp;&nbsp;&nbsp; CH Robinson Worldwide, Inc. | BBB+ | 4.20 | 04/15/28 | 180000 | 180566 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Electric Co. | A- | 4.30 | 07/29/30 | 160000 | 161410 |
| &nbsp;&nbsp;&nbsp;&nbsp; Howmet Aerospace, Inc. | BBB+ | 4.55 | 11/15/32 | 230000 | 231322 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jabil, Inc. | BBB- | 3.00 | 01/15/31 | 140000 | 130510 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jabil, Inc. | BBB- | 3.95 | 01/12/28 | 75000 | 74822 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3Harris Technologies, Inc. | BBB | 4.85 | 04/27/35 | 200000 | 199966 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lennox International, Inc. | BBB | 1.70 | 08/01/27 | 155000 | 149499 |
| &nbsp;&nbsp;&nbsp;&nbsp; Otis Worldwide Corp. | BBB | 5.13 | 11/19/31 | 245000 | 254333 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rockwell Collins, Inc. | BBB+ | 3.50 | 03/15/27 | 155000 | 153760 |
| &nbsp;&nbsp;&nbsp;&nbsp; Teledyne Technologies, Inc. | BBB | 2.75 | 04/01/31 | 215000 | 199168 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vulcan Materials Co. | BBB+ | 4.95 | 12/01/29 | 350000 | 359488 |
|  |  |  |  |  | 2714302 |
|  Technology (0.6%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co. | BBB | 4.55 | 10/15/29 | 240000 | 241973 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intel Corp. | BBB | 5.20 | 02/10/33 | 225000 | 229456 |
| &nbsp;&nbsp;&nbsp;&nbsp; Microchip Technology, Inc. | BBB | 4.90 | 03/15/28 | 150000 | 152128 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oracle Corp. | BBB | 4.80 | 09/26/32 | 145000 | 140122 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paychex, Inc. | BBB+ | 5.10 | 04/15/30 | 295000 | 303721 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — BALANCED FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** | **LONG-TERM DEBT SECURITIES (Continued):** | **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |
|  Corporate Debt (Continued) | Corporate Debt (Continued) | Corporate Debt (Continued) |  |  |  |
|  Technology (Continued) | Technology (Continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Synopsys, Inc. | BBB | 5.00 | 04/01/32 | $215000 | $219698 |
|  |  |  |  |  | 1287098 |
|  Utilities (1.1%) | Utilities (1.1%) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; American Electric Power Co., Inc. | BBB | 5.20 | 01/15/29 | 345000 | 355830 |
| &nbsp;&nbsp;&nbsp;&nbsp; Black Hills Corp. | BBB+ | 3.05 | 10/15/29 | 140000 | 133783 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dominion Energy, Inc. | A | 2.30 | 12/01/31 | 355000 | 317000 |
| &nbsp;&nbsp;&nbsp;&nbsp; DTE Energy Co | BBB | 5.10 | 03/01/29 | 325000 | 333337 |
| &nbsp;&nbsp;&nbsp;&nbsp; Duke Energy Carolinas LLC | A | 4.85 | 01/15/34 | 330000 | 334496 |
| &nbsp;&nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc. | BBB+ | 3.55 | 05/01/27 | 275000 | 273487 |
| &nbsp;&nbsp;&nbsp;&nbsp; NiSource, Inc. | BBB+ | 5.20 | 07/01/29 | 350000 | 360964 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southern Co. | BBB+ | 5.70 | 03/15/34 | 280000 | 295339 |
|  |  |  |  |  | 2404236 |
|  Total Corporate Debt | Total Corporate Debt | Total Corporate Debt | Total Corporate Debt | Total Corporate Debt | 31474817 |
|  Total Long-Term Debt Securities<br>(Cost: $76,512,962) | Total Long-Term Debt Securities<br>(Cost: $76,512,962) | Total Long-Term Debt Securities<br>(Cost: $76,512,962) | Total Long-Term Debt Securities<br>(Cost: $76,512,962) | Total Long-Term Debt Securities<br>(Cost: $76,512,962) | 74678371 |
|  **SHORT-TERM DEBT SECURITIES (4.0%):** |  |  |  |  |  |
|  U.S. Government (4.0%) | U.S. Government (4.0%) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.60 | 01/06/26 | 3750000 | 3748128 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.62 | 02/03/26 | 1250000 | 1245872 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.77 | 01/20/26 | 3500000 | 3493045 |
|  Total Short-Term Debt Securities<br>(Cost: $8,487,045) | Total Short-Term Debt Securities<br>(Cost: $8,487,045) | Total Short-Term Debt Securities<br>(Cost: $8,487,045) | Total Short-Term Debt Securities<br>(Cost: $8,487,045) | Total Short-Term Debt Securities<br>(Cost: $8,487,045) | 8487045 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Rate(%)** | **Face Amount** | **Face Amount** | **Value** |
|  **TEMPORARY CASH INVESTMENT (0.8%)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Securities Cash Management, Institutional Shares | 3.63 | $| 1682652 | $1682652 |
|  Total Temporary Cash Investment<br>(Cost: $1,682,652) | Total Temporary Cash Investment<br>(Cost: $1,682,652) | Total Temporary Cash Investment<br>(Cost: $1,682,652) | Total Temporary Cash Investment<br>(Cost: $1,682,652) | 1682652 |
|  Total Investments<br>(Cost: $148,437,805) 99.7% | Total Investments<br>(Cost: $148,437,805) 99.7% | Total Investments<br>(Cost: $148,437,805) 99.7% | Total Investments<br>(Cost: $148,437,805) 99.7% | 211859723 |
|  Other Net Assets 0.3% | Other Net Assets 0.3% | Other Net Assets 0.3% | Other Net Assets 0.3% | 561611 |
|  Net Assets 100.0% | Net Assets 100.0% | Net Assets 100.0% | Net Assets 100.0% | $212421334 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — BALANCED FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
Abbreviations:

---

| | |
|:---|:---|
| ARM = | Adjustable Rate Mortgage |
| FHLMC = | Federal Home Loan Mortgage Corporation |
| FNMA = | Federal National Mortgage Association |
| FRESB = | Federal Home Loan Mortgage Corporation Multifamily Securitization Small Loan Balance |
| GNMA = | Government National Mortgage Association |
| SOFR = | Secured overnight financing rate |
| SOFR30A = | 30-day Average SOFR (Secured overnight financing rate) |

---

\* Non-income producing security.

\*\* Ratings as per Standard & Poor's Corporation (unaudited).

† Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At December 31, 2025, the aggregate values of these securities amount to $1,121,018 and represent 0.5% of net assets.

(1) Zero Coupon.

(2) Floating Rate Note.

(3) Variable Rate; rate shown is effective rate at period-end. The rates for certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and based on current market conditions.

(4) U.S. Government guaranteed security

(5) Security is a fix-to-float security, which carries a fixed coupon until a certain date, upon which it switches to a floating rate. Reference rate and spread are provided if the rate is currently floating.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — INTERNATIONAL FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Share** | **Value** |
|  **COMMON STOCKS (98.3%):** |  |  |
|  Australia (4.7%): |  |  |
|  Basic Materials (2.0%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; BHP Group Ltd. | 511462 | $15435479 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fortescue Ltd. | 534934 | 7822070 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rio Tinto PLC | 262434 | 21139333 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;44396882 |
|  Consumer, Cyclical (0.8%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aristocrat Leisure Ltd. | 203659 | 7884536 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wesfarmers Ltd. | 206453 | 11122257 |
|  |  | 19006793 |
|  Consumer, Non-cyclical (0.4%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brambles Ltd. | 553939 | 8458825 |
|  Financial (1.1%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; ANZ Group Holdings Ltd. | 577717 | 13967817 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commonwealth Bank of Australia | 95801 | 10225709 |
|  |  | 24193526 |
|  Technology (0.4%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Pro Medicus Ltd. | 60597 | 8899470 |
|  Total Australia |  | 104955496 |
|  Austria (0.3%): |  |  |
|  Energy (0.3%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; OMV AG | 109217 | 6077646 |
|  China (1.2%): |  |  |
|  Communications (1.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Prosus NV | 423637 | 26231171 |
|  Denmark (1.4%): |  |  |
|  Consumer, Cyclical (0.3%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Pandora A/S | 65126 | 7202028 |
|  Consumer, Non-cyclical (0.4%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Genmab A/S\* | 31295 | 9700952 |
|  Financial (0.7%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Danske Bank A/S | 301652 | 15063382 |
|  Total Denmark |  | 31966362 |
|  Finland (1.1%): |  |  |
|  Financial (0.7%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Nordea Bank Abp | 865038 | 16273493 |
|  Industrial (0.4%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Wartsila OYJ Abp | 227109 | 8040707 |
|  Total Finland |  | 24314200 |
|  France (8.9%): |  |  |
|  Basic Materials (0.5%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Air Liquide SA | 61736 | 11603526 |

---

---

| | | |
|:---|:---|:---|
|  | **Share** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |
|  France (Continued) |  |  |
|  Communications (0.5%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Orange S.A. | 627080 | $&nbsp;&nbsp;&nbsp;&nbsp;10463812 |
|  Consumer, Cyclical (1.0%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Hermes International SCA | 8921 | 22149511 |
|  Consumer, Non-cyclical (1.3%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Danone S.A. | 158953 | 14337417 |
| &nbsp;&nbsp;&nbsp;&nbsp; EssilorLuxottica S.A. | 44374 | 14030967 |
|  |  | 28368384 |
|  Energy (0.8%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; TotalEnergies SE | 280542 | 18290780 |
|  Financial (1.8%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AXA S.A. | 318298 | 15272270 |
| &nbsp;&nbsp;&nbsp;&nbsp; BNP Paribas S.A. | 158886 | 15031735 |
| &nbsp;&nbsp;&nbsp;&nbsp; Klepierre S.A. | 241534 | 9556368 |
|  |  | 39860373 |
|  Industrial (2.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cie de Saint-Gobain S.A. | 106325 | 10812392 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dassault Aviation S.A. | 16429 | 5267230 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eiffage S.A. | 86831 | 12441096 |
| &nbsp;&nbsp;&nbsp;&nbsp; Legrand S.A. | 44710 | 6646713 |
| &nbsp;&nbsp;&nbsp;&nbsp; Safran S.A. | 37893 | 13198779 |
|  |  | 48366210 |
|  Utilities (0.8%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Engie S.A. | 689129 | 18102972 |
|  Total France |  | 197205568 |
|  Germany (9.6%): |  |  |
|  Communications (1.0%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Deutsche Telekom AG | 490414 | 15963494 |
| &nbsp;&nbsp;&nbsp;&nbsp; Scout24 SE† | 61321 | 6159077 |
|  |  | 22122571 |
|  Consumer, Cyclical (0.4%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mercedes-Benz Group AG | 134057 | 9293112 |
|  Financial (3.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allianz SE | 57186 | 26441508 |
| &nbsp;&nbsp;&nbsp;&nbsp; Deutsche Bank AG | 715593 | 27578337 |
| &nbsp;&nbsp;&nbsp;&nbsp; Muenchener<br>Rueckversicherungs-<br>Gesellschaft AG in<br>Muenchen | 25609 | 16852935 |
|  |  | 70872780 |
|  Industrial (3.4%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; GEA Group AG | 143569 | 9702717 |
| &nbsp;&nbsp;&nbsp;&nbsp; Heidelberg Materials AG | 85796 | 22243217 |
| &nbsp;&nbsp;&nbsp;&nbsp; MTU Aero Engines AG | 23786 | 9859967 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — INTERNATIONAL FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Share** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |
|  Germany (Continued) |  |  |
|  Industrial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Siemens AG | 121971 | $&nbsp;&nbsp;&nbsp;&nbsp;34161222 |
|  |  | 75967123 |
|  Technology (1.6%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; SAP SE | 142140 | 34535547 |
|  Total Germany |  | 212791133 |
|  Hong Kong (0.5%): |  |  |
|  Consumer, Non-cyclical (0.5%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; WH Group Ltd.† | 10752571 | 11978515 |
|  Ireland (0.5%): |  |  |
|  Financial (0.5%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AerCap Holdings N.V. | 78190 | 11240594 |
|  Israel (0.6%): |  |  |
|  Technology (0.6%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Check Point Software Technologies Ltd.\* | 65210 | 12100368 |
|  Italy (5.7%): |  |  |
|  Consumer, Cyclical (0.9%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Ferrari N.V. | 23020 | 8554561 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ryanair Holdings PLC | 332286 | 11456423 |
|  |  | 20010984 |
|  Consumer, Non-cyclical (0.3%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Coca-Cola HBC AG | 132022 | 6829970 |
|  Financial (3.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco BPM SpA | 775558 | 11776796 |
| &nbsp;&nbsp;&nbsp;&nbsp; Generali | 276357 | 11548522 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intesa Sanpaolo SpA | 2688112 | 18575138 |
| &nbsp;&nbsp;&nbsp;&nbsp; UniCredit SpA | 344544 | 28537443 |
|  |  | 70437899 |
|  Industrial (0.6%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Poste Italiane SpA† | 541641 | 13597299 |
|  Utilities (0.7%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Enel SpA | 1428474 | 14852323 |
|  Total Italy |  | 125728475 |
|  Japan (21.3%): |  |  |
|  Basic Materials (0.6%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Nitto Denko Corp. | 566245 | 13482131 |
|  Communications (0.3%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; SoftBank Group Corp. | 199200 | 5588225 |
|  Consumer, Cyclical (6.6%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asics Corp. | 376100 | 9028833 |
| &nbsp;&nbsp;&nbsp;&nbsp; Daiwa House Industry Co. Ltd. | 466066 | 15482163 |

---

---

| | | |
|:---|:---|:---|
|  | **Share** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |
|  Japan (Continued) |  |  |
|  Consumer, Cyclical (Continued) | Consumer, Cyclical (Continued) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Honda Motor Co. Ltd. | 934392 | $9170752 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marubeni Corp. | 458700 | 12774794 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mitsubishi Corp. | 631272 | 14438887 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mitsui & Co. Ltd. | 519176 | 15418145 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nintendo Co. Ltd. | 116682 | 7877735 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sojitz Corp. | 109100 | 3392994 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sony Group Corp. | 673600 | 17278506 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sumitomo Electric Industries Ltd. | 464813 | 18721407 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tokyo Gas Co. Ltd. | 322031 | 12766748 |
| &nbsp;&nbsp;&nbsp;&nbsp; Toyota Motor Corp. | 498000 | 10695594 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;147046558 |
|  Consumer, Non-cyclical (3.1%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Chugai Pharmaceutical Co. Ltd. | 231107 | 12124236 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japan Tobacco, Inc. | 418593 | 15045198 |
| &nbsp;&nbsp;&nbsp;&nbsp; Recruit Holdings Co. Ltd. | 248649 | 13971981 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shionogi & Co. Ltd. | 823873 | 14911956 |
| &nbsp;&nbsp;&nbsp;&nbsp; Takeda Pharmaceutical Co. Ltd. | 423900 | 13168567 |
|  |  | 69221938 |
|  Energy (0.4%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Inpex Corp. | 466346 | 9327171 |
|  Financial (2.0%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Daiwa Securities Group, Inc. | 1894301 | 16601266 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japan Post Insurance Co. Ltd. | 485773 | 14608922 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. | 880300 | 13971307 |
|  |  | 45181495 |
|  Industrial (4.9%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Daifuku Co. Ltd. | 306100 | 9634707 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hitachi Ltd. | 995247 | 31212510 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hoya Corp. | 100688 | 15271309 |
| &nbsp;&nbsp;&nbsp;&nbsp; Keyence Corp. | 29370 | 10623863 |
| &nbsp;&nbsp;&nbsp;&nbsp; Komatsu Ltd. | 295900 | 9389635 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mitsubishi Electric Corp. | 405600 | 11826021 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nippon Yusen KK | 198838 | 6440678 |
| &nbsp;&nbsp;&nbsp;&nbsp; Yokogawa Electric Corp. | 401692 | 12882490 |
|  |  | 107281213 |
|  Technology (3.0%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Advantest Corp. | 191200 | 24176843 |
| &nbsp;&nbsp;&nbsp;&nbsp; Canon, Inc. | 249213 | 7373866 |
| &nbsp;&nbsp;&nbsp;&nbsp; Konami Group Corp. | 69097 | 9383876 |
| &nbsp;&nbsp;&nbsp;&nbsp; NEC Corp. | 288600 | 9764927 |
| &nbsp;&nbsp;&nbsp;&nbsp; Obic Co. Ltd. | 224900 | 7059314 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — INTERNATIONAL FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Share** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |
|  Japan (Continued) |  |  |
|  Technology (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Tokyo Electron Ltd. | 33900 | $7550458 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;65309284 |
|  Utilities (0.4%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Osaka Gas Co. Ltd. | 245958 | 8546272 |
|  Total Japan |  | 470984287 |
|  Netherlands (4.2%): |  |  |
|  Communications (0.5%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Koninklijke KPN N.V. | 2290406 | 10702417 |
|  Consumer, Non-cyclical (0.7%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Koninklijke Ahold Delhaize N.V. | 408046 | 16732699 |
|  Financial (0.8%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; ING Groep N.V. | 617280 | 17350651 |
|  Technology (2.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; ASML Holding N.V. | 44427 | 47870988 |
|  Total Netherlands |  | 92656755 |
|  Norway (1.5%): |  |  |
|  Communications (0.3%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Telenor ASA | 482261 | 7014218 |
|  Consumer, Non-cyclical (0.3%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Orkla ASA | 553869 | 6167742 |
|  Energy (0.5%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Equinor ASA | 467601 | 11026886 |
|  Industrial (0.4%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Kongsberg Gruppen ASA | 361864 | 9272867 |
|  Total Norway |  | 33481713 |
|  Singapore (0.9%): |  |  |
|  Financial (0.9%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; DBS Group Holdings Ltd. | 452063 | 19802464 |
|  Spain (5.1%): |  |  |
|  Financial (3.8%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco Bilbao Vizcaya Argentaria S.A. | 1448080 | 33967931 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banco Santander S.A. | 3240867 | 38146595 |
| &nbsp;&nbsp;&nbsp;&nbsp; CaixaBank S.A. | 964025 | 11786290 |
|  |  | 83900816 |
|  Industrial (0.4%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aena SME S.A.† | 317378 | 8867815 |
|  Utilities (0.9%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Iberdrola S.A. | 960670 | 20801767 |
|  Total Spain |  | 113570398 |

---

---

| | | |
|:---|:---|:---|
|  | **Share** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Sweden (3.3%): |  |  |
|  Communications (0.8%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Tele2 AB Cl B | 444694 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7451558 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telefonaktiebolaget LM Ericsson Cl B | 1049245 | 10211295 |
|  |  | 17662853 |
|  Financial (1.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Svenska Handelsbanken AB Cl A | 834330 | 12087392 |
| &nbsp;&nbsp;&nbsp;&nbsp; Swedbank AB Cl A | 427517 | 14832723 |
|  |  | 26920115 |
|  Industrial (1.3%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Assa Abloy AB Cl B | 313762 | 12120894 |
| &nbsp;&nbsp;&nbsp;&nbsp; Atlas Copco AB Cl A | 875278 | 15582205 |
|  |  | 27703099 |
|  Total Sweden |  | 72286067 |
|  Switzerland (2.9%): |  |  |
|  Consumer, Non-cyclical (0.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Sonova Holding AG | 22864 | 5914157 |
|  Financial (0.8%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zurich Insurance Group AG | 22751 | 17215743 |
|  Industrial (1.9%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; ABB Ltd. | 290363 | 21404849 |
| &nbsp;&nbsp;&nbsp;&nbsp; Geberit AG | 9679 | 7516932 |
| &nbsp;&nbsp;&nbsp;&nbsp; Schindler Holding AG | 33218 | 12492132 |
|  |  | 41413913 |
|  Total Switzerland |  | 64543813 |
|  Taiwan (0.5%): |  |  |
|  Technology (0.5%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd. | 37961 | 11535968 |
|  United Kingdom (10.5%): |  |  |
|  Communications (0.4%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Vodafone Group PLC | 7326732 | 9766602 |
|  Consumer, Cyclical (1.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; InterContinental Hotels Group PLC | 79607 | 11187078 |
| &nbsp;&nbsp;&nbsp;&nbsp; Next PLC | 79880 | 14705921 |
|  |  | 25892999 |
|  Consumer, Non-cyclical (4.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AstraZeneca PLC | 95390 | 17652811 |
| &nbsp;&nbsp;&nbsp;&nbsp; British American Tobacco PLC | 333795 | 18923057 |
| &nbsp;&nbsp;&nbsp;&nbsp; Imperial Brands PLC | 438506 | 18412945 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — INTERNATIONAL FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Share** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |
|  United Kingdom (Continued) |  |  |
|  Consumer, Non-cyclical (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Tesco PLC | 2573542 | $15304415 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unilever PLC | 332294 | 21711155 |
|  |  | 92004383 |
|  Financial (3.7%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3i Group PLC | 274992 | 12058080 |
| &nbsp;&nbsp;&nbsp;&nbsp; Barclays PLC | 5082381 | 32532975 |
| &nbsp;&nbsp;&nbsp;&nbsp; HSBC Holdings PLC | 2337251 | 36778845 |
|  |  | 81369900 |
|  Industrial (1.0%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Rolls-Royce Holdings PLC | 1503375 | 23250765 |
|  Total United Kingdom |  | 232284649 |
|  United States (13.6%): |  |  |
|  Consumer, Non-cyclical (5.6%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Experian PLC | 251445 | 11336796 |
| &nbsp;&nbsp;&nbsp;&nbsp; GSK PLC | 688575 | 16881943 |
| &nbsp;&nbsp;&nbsp;&nbsp; Novartis AG | 353714 | 48740372 |
| &nbsp;&nbsp;&nbsp;&nbsp; Roche Holding AG | 115917 | 47870275 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;124829386 |

---

---

| | | |
|:---|:---|:---|
|  | **Share** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |
|  United States (Continued) |  |  |
|  Energy (1.3%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Shell PLC | 756233 | $27868888 |
|  Financial (5.6%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; iShares Core MSCI Emerging Markets ETF | 427282 | 28721896 |
| &nbsp;&nbsp;&nbsp;&nbsp; iShares MSCI China ETF | 182680 | 10973588 |
| &nbsp;&nbsp;&nbsp;&nbsp; iShares MSCI Emerging Markets ex China ETF | 304769 | 22150611 |
| &nbsp;&nbsp;&nbsp;&nbsp; iShares MSCI India ETF | 413485 | 22348864 |
| &nbsp;&nbsp;&nbsp;&nbsp; iShares MSCI South Korea ETF | 112684 | 10955138 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vanguard FTSE Emerging Markets ETF | 535085 | 28766170 |
|  |  | 123916267 |
|  Industrial (1.1%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Holcim AG | 155355 | 15123859 |
| &nbsp;&nbsp;&nbsp;&nbsp; Schneider Electric SE | 33274 | 9102943 |
|  |  | 24226802 |
|  Total United States |  | 300841343 |
|  Total Common Stocks<br>(Cost: $1,555,310,440) |  | 2176576985 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **SHORT-TERM DEBT SECURITIES (1.2%):** |  |  |  |  |  |
|  United States (1.2%) |  |  |  |  |  |
|  U.S. Government (1.2%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.54 | 01/27/26 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000000 | $2992360 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill(1) | A-1+ | 3.69 | 02/17/26 | 15500000 | 15425973 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.85 | 01/13/26 | 9000000 | 8988523 |
|  Total Short-Term Debt Securities<br>(Cost: $27,406,856) |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27406856 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — INTERNATIONAL FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Rate(%)** | **Face Amount** | **Face Amount** | **Value** |
|  **TEMPORARY CASH INVESTMENT (0.1%)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Securities Cash Management, Institutional Shares | 3.63 | USD | 1273668 | $1273668 |
|  Total Temporary Cash Investment<br>(Cost: $1,273,668) |  |  |  | 1273668 |
|  Total Investments<br>(Cost: $1,583,990,964) 99.6% |  |  |  | 2205257509 |
|  Other Net Assets 0.4% |  |  |  | 9139910 |
|  Net Assets 100.0% |  |  |  | $2214397419 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
\* Non-income producing security.

\*\* Ratings as per Standard & Poor's Corporation (unaudited).

† Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At December 31, 2025, the aggregate values of these securities amount to $40,602,706 and represent 1.8% of net assets.

(1) This security, or a portion thereof, has been segregated to cover initial margin requirements on open futures contracts. Information on futures contracts outstanding in the Fund as of December 31, 2025, was as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contract**<br> **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Type** | **Number of<br>Contracts** | **Purchased (P)<br>or Sold (S)** | **Expiration Date** | **Underlying<br>Face Amount at<br>Value** | **Unrealized<br>Gain(Loss)(a)** | **Face Value<br>of Futures<br>as a %**<br>**of Total**<br>**Investments** |
|  MSCI EAFE Index | 212 | P | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;March 2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$30762260 | $23491 | 1.4% |

---

(a) Includes the cumulative appreciation (depreciation) of futures contracts, which is included in Total Distributable Earnings (Loss) in the Components of Net Assets section of the Statements of Assets and Liabilities. The Receivable or Payable for Daily Variation on Futures Contracts in the Statements of Assets and Liabilities only includes the current day's variation margin payable or receivable.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CATHOLIC VALUES INDEX FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (100.0%):** |  |  |
|  Basic Materials (1.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Air Products and Chemicals, Inc. | 35 | $8646 |
| &nbsp;&nbsp;&nbsp;&nbsp; Albemarle Corp. | 19 | 2687 |
| &nbsp;&nbsp;&nbsp;&nbsp; CF Industries Holdings, Inc. | 24 | 1856 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dow, Inc. | 111 | 2595 |
| &nbsp;&nbsp;&nbsp;&nbsp; DuPont de Nemours, Inc. | 65 | 2613 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ecolab, Inc. | 40 | 10501 |
| &nbsp;&nbsp;&nbsp;&nbsp; Freeport-McMoRan, Inc. | 224 | 11377 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Flavors & Fragrances, Inc. | 40 | 2696 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Paper Co. | 82 | 3230 |
| &nbsp;&nbsp;&nbsp;&nbsp; Linde PLC | 72 | 30700 |
| &nbsp;&nbsp;&nbsp;&nbsp; LyondellBasell Industries NV Cl A | 40 | 1732 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mosaic Co. | 49 | 1180 |
| &nbsp;&nbsp;&nbsp;&nbsp; Newmont Corp. | 170 | 16975 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nucor Corp. | 36 | 5872 |
| &nbsp;&nbsp;&nbsp;&nbsp; PPG Industries, Inc. | 35 | 3586 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sherwin-Williams Co. | 36 | 11665 |
| &nbsp;&nbsp;&nbsp;&nbsp; Steel Dynamics, Inc. | 22 | 3728 |
|  |  | 121639 |
|  Communications (16.9%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Airbnb, Inc. Cl A\* | 71 | 9636 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alphabet, Inc. Cl A | 975 | 305175 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alphabet, Inc. Cl C | 779 | 244450 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amazon.com, Inc.\* | 1629 | 376006 |
| &nbsp;&nbsp;&nbsp;&nbsp; AppLovin Corp. Cl A\* | 47 | 31670 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arista Networks, Inc.\* | 180 | 23585 |
| &nbsp;&nbsp;&nbsp;&nbsp; AT&T, Inc. | 1188 | 29510 |
| &nbsp;&nbsp;&nbsp;&nbsp; Booking Holdings, Inc. | 5 | 26777 |
| &nbsp;&nbsp;&nbsp;&nbsp; CDW Corp. | 22 | 2996 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charter Communications, Inc. Cl A\* | 15 | 3131 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cisco Systems, Inc. | 687 | 52920 |
| &nbsp;&nbsp;&nbsp;&nbsp; Comcast Corp. Cl A | 609 | 18203 |
| &nbsp;&nbsp;&nbsp;&nbsp; DoorDash, Inc. Cl A\* | 62 | 14042 |
| &nbsp;&nbsp;&nbsp;&nbsp; eBay, Inc. | 75 | 6533 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expedia Group, Inc. | 19 | 5383 |
| &nbsp;&nbsp;&nbsp;&nbsp; F5, Inc.\* | 10 | 2553 |
| &nbsp;&nbsp;&nbsp;&nbsp; FactSet Research Systems, Inc. | 7 | 2031 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fox Corp. Cl A | 35 | 2558 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fox Corp. Cl B | 24 | 1558 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gen Digital, Inc. | 98 | 2665 |
| &nbsp;&nbsp;&nbsp;&nbsp; GoDaddy, Inc. Cl A\* | 23 | 2854 |
| &nbsp;&nbsp;&nbsp;&nbsp; Match Group, Inc. | 39 | 1259 |
| &nbsp;&nbsp;&nbsp;&nbsp; Meta Platforms, Inc. Cl A | 365 | 240933 |
| &nbsp;&nbsp;&nbsp;&nbsp; Motorola Solutions, Inc. | 29 | 11116 |
| &nbsp;&nbsp;&nbsp;&nbsp; Netflix, Inc.\* | 710 | 66570 |
| &nbsp;&nbsp;&nbsp;&nbsp; News Corp. Cl A | 62 | 1619 |
| &nbsp;&nbsp;&nbsp;&nbsp; News Corp. Cl B | 21 | 622 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Communications (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Omnicom Group, Inc. | 53 | $4280 |
| &nbsp;&nbsp;&nbsp;&nbsp; Palo Alto Networks, Inc.\* | 119 | 21920 |
| &nbsp;&nbsp;&nbsp;&nbsp; Robinhood Markets, Inc. Cl A\* | 150 | 16965 |
| &nbsp;&nbsp;&nbsp;&nbsp; T-Mobile US, Inc. | 80 | 16243 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trade Desk, Inc. Cl A\* | 73 | 2771 |
| &nbsp;&nbsp;&nbsp;&nbsp; Uber Technologies, Inc.\* | 444 | 36279 |
| &nbsp;&nbsp;&nbsp;&nbsp; VeriSign, Inc. | 14 | 3401 |
| &nbsp;&nbsp;&nbsp;&nbsp; Verizon Communications, Inc. | 706 | 28755 |
| &nbsp;&nbsp;&nbsp;&nbsp; Walt Disney Co. | 299 | 34017 |
| &nbsp;&nbsp;&nbsp;&nbsp; Warner Bros Discovery, Inc.\* | 415 | 11960 |
|  |  | 1662946 |
|  Consumer, Cyclical (8.8%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aptiv PLC\* | 36 | 2739 |
| &nbsp;&nbsp;&nbsp;&nbsp; AutoZone, Inc.\* | 3 | 10175 |
| &nbsp;&nbsp;&nbsp;&nbsp; Best Buy Co., Inc. | 33 | 2209 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carnival Corp.\* | 182 | 5558 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carvana Co.\* | 23 | 9706 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chipotle Mexican Grill, Inc.\* | 221 | 8177 |
| &nbsp;&nbsp;&nbsp;&nbsp; Copart, Inc.\* | 190 | 7438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Costco Wholesale Corp. | 98 | 84509 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cummins, Inc. | 29 | 14803 |
| &nbsp;&nbsp;&nbsp;&nbsp; Darden Restaurants, Inc. | 19 | 3496 |
| &nbsp;&nbsp;&nbsp;&nbsp; Deckers Outdoor Corp.\* | 24 | 2488 |
| &nbsp;&nbsp;&nbsp;&nbsp; Delta Air Lines, Inc. | 138 | 9577 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dollar General Corp. | 49 | 6506 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dollar Tree, Inc.\* | 42 | 5166 |
| &nbsp;&nbsp;&nbsp;&nbsp; Domino's Pizza, Inc. | 6 | 2501 |
| &nbsp;&nbsp;&nbsp;&nbsp; DR Horton, Inc. | 46 | 6625 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fastenal Co. | 245 | 9832 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ford Motor Co. | 655 | 8594 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Motors Co. | 156 | 12686 |
| &nbsp;&nbsp;&nbsp;&nbsp; Genuine Parts Co. | 23 | 2828 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hasbro, Inc. | 22 | 1804 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hilton Worldwide Holdings, Inc. | 39 | 11203 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Depot, Inc. | 167 | 57465 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lennar Corp. Cl A | 36 | 3701 |
| &nbsp;&nbsp;&nbsp;&nbsp; Live Nation Entertainment, Inc.\* | 26 | 3705 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lowe's Cos., Inc. | 93 | 22428 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lululemon Athletica, Inc.\* | 18 | 3741 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marriott International, Inc. Cl A | 37 | 11479 |
| &nbsp;&nbsp;&nbsp;&nbsp; McDonald's Corp. | 119 | 36370 |
| &nbsp;&nbsp;&nbsp;&nbsp; NIKE, Inc. Cl B | 199 | 12678 |
| &nbsp;&nbsp;&nbsp;&nbsp; Norwegian Cruise Line Holdings Ltd.\* | 76 | 1696 |
| &nbsp;&nbsp;&nbsp;&nbsp; NVR, Inc.\* | 1 | 7293 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CATHOLIC VALUES INDEX FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | |
|:---|:---|:---|:---|
|  | **Shares** | **Value** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |
|  Consumer, Cyclical (Continued) | Consumer, Cyclical (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; O'Reilly Automotive, Inc.\* | 141 | $| 12861 |
| &nbsp;&nbsp;&nbsp;&nbsp; PACCAR, Inc. | 112 |  | 12265 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pool Corp. | 6 |  | 1372 |
| &nbsp;&nbsp;&nbsp;&nbsp; PulteGroup, Inc. | 33 |  | 3870 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ralph Lauren Corp. | 6 |  | 2122 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ross Stores, Inc. | 54 |  | 9728 |
| &nbsp;&nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd. | 42 |  | 11715 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southwest Airlines Co. | 110 |  | 4546 |
| &nbsp;&nbsp;&nbsp;&nbsp; Starbucks Corp. | 190 |  | 16000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tapestry, Inc. | 34 |  | 4344 |
| &nbsp;&nbsp;&nbsp;&nbsp; Target Corp. | 101 |  | 9873 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tesla, Inc.\* | 471 |  | 211818 |
| &nbsp;&nbsp;&nbsp;&nbsp; TJX Cos., Inc. | 186 |  | 28571 |
| &nbsp;&nbsp;&nbsp;&nbsp; TKO Group Holdings, Inc. | 11 |  | 2299 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tractor Supply Co. | 88 |  | 4401 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ulta Beauty, Inc.\* | 7 |  | 4235 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Airlines Holdings, Inc.\* | 69 |  | 7716 |
| &nbsp;&nbsp;&nbsp;&nbsp; Walmart, Inc. | 976 |  | 108736 |
| &nbsp;&nbsp;&nbsp;&nbsp; Williams-Sonoma, Inc. | 20 |  | 3572 |
| &nbsp;&nbsp;&nbsp;&nbsp; WW Grainger, Inc. | 9 |  | 9081 |
| &nbsp;&nbsp;&nbsp;&nbsp; Yum! Brands, Inc. | 46 |  | 6959 |
|  |  |  | 865260 |
|  Consumer, Non-cyclical (13.2%) | Consumer, Non-cyclical (13.2%) | Consumer, Non-cyclical (13.2%) | Consumer, Non-cyclical (13.2%) |
| &nbsp;&nbsp;&nbsp;&nbsp; Align Technology, Inc.\* | 31 |  | 4841 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amgen, Inc. | 250 |  | 81828 |
| &nbsp;&nbsp;&nbsp;&nbsp; Archer-Daniels-Midland Co. | 107 |  | 6151 |
| &nbsp;&nbsp;&nbsp;&nbsp; Automatic Data Processing, Inc. | 86 |  | 22122 |
| &nbsp;&nbsp;&nbsp;&nbsp; Avery Dennison Corp. | 12 |  | 2183 |
| &nbsp;&nbsp;&nbsp;&nbsp; Baxter International, Inc. | 239 |  | 4567 |
| &nbsp;&nbsp;&nbsp;&nbsp; Biogen, Inc.\* | 68 |  | 11967 |
| &nbsp;&nbsp;&nbsp;&nbsp; Block, Inc.\* | 105 |  | 6834 |
| &nbsp;&nbsp;&nbsp;&nbsp; Boston Scientific Corp.\* | 689 |  | 65696 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brown-Forman Corp. Cl B | 39 |  | 1016 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bunge Global S.A. | 30 |  | 2672 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cardinal Health, Inc. | 110 |  | 22605 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cencora, Inc. | 90 |  | 30398 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cigna Group | 124 |  | 34129 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cintas Corp. | 72 |  | 13541 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clorox Co. | 27 |  | 2722 |
| &nbsp;&nbsp;&nbsp;&nbsp; Colgate-Palmolive Co. | 179 |  | 14145 |
| &nbsp;&nbsp;&nbsp;&nbsp; Conagra Brands, Inc. | 107 |  | 1852 |
| &nbsp;&nbsp;&nbsp;&nbsp; Constellation Brands, Inc.<br>Cl A | 31 |  | 4277 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corpay, Inc.\* | 13 |  | 3912 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corteva, Inc. | 105 |  | 7038 |
| &nbsp;&nbsp;&nbsp;&nbsp; CVS Health Corp. | 590 |  | 46822 |
| &nbsp;&nbsp;&nbsp;&nbsp; DaVita, Inc.\* | 16 |  | 1818 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dexcom, Inc.\* | 181 |  | 12013 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |
|  Consumer, Non-cyclical (Continued) | Consumer, Non-cyclical (Continued) | Consumer, Non-cyclical (Continued) |
| &nbsp;&nbsp;&nbsp;&nbsp; Edwards Lifesciences Corp.\* | 270 | $23018 |
| &nbsp;&nbsp;&nbsp;&nbsp; Elevance Health, Inc. | 103 | 36107 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equifax, Inc. | 26 | 5641 |
| &nbsp;&nbsp;&nbsp;&nbsp; Estee Lauder Cos., Inc. Cl A | 54 | 5655 |
| &nbsp;&nbsp;&nbsp;&nbsp; GE HealthCare Technologies, Inc. | 212 | 17388 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Mills, Inc. | 119 | 5533 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gilead Sciences, Inc. | 577 | 70821 |
| &nbsp;&nbsp;&nbsp;&nbsp; Global Payments, Inc. | 45 | 3483 |
| &nbsp;&nbsp;&nbsp;&nbsp; Henry Schein, Inc.\* | 47 | 3552 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hershey Co. | 32 | 5823 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hologic, Inc.\* | 103 | 7672 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hormel Foods Corp. | 64 | 1517 |
| &nbsp;&nbsp;&nbsp;&nbsp; Humana, Inc. | 55 | 14087 |
| &nbsp;&nbsp;&nbsp;&nbsp; IDEXX Laboratories, Inc.\* | 37 | 25032 |
| &nbsp;&nbsp;&nbsp;&nbsp; Incyte Corp.\* | 77 | 7605 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insulet Corp.\* | 32 | 9096 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intuitive Surgical, Inc.\* | 165 | 93449 |
| &nbsp;&nbsp;&nbsp;&nbsp; IQVIA Holdings, Inc.\* | 79 | 17807 |
| &nbsp;&nbsp;&nbsp;&nbsp; J M Smucker Co. | 23 | 2250 |
| &nbsp;&nbsp;&nbsp;&nbsp; Keurig Dr Pepper, Inc. | 303 | 8487 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kimberly-Clark Corp. | 73 | 7365 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kraft Heinz Co. | 190 | 4608 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kroger Co. | 136 | 8497 |
| &nbsp;&nbsp;&nbsp;&nbsp; Labcorp Holdings, Inc. | 39 | 9784 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lamb Weston Holdings, Inc. | 31 | 1299 |
| &nbsp;&nbsp;&nbsp;&nbsp; McCormick & Co., Inc. | 56 | 3814 |
| &nbsp;&nbsp;&nbsp;&nbsp; McKesson Corp. | 57 | 46757 |
| &nbsp;&nbsp;&nbsp;&nbsp; Medtronic PLC | 596 | 57252 |
| &nbsp;&nbsp;&nbsp;&nbsp; Molina Healthcare, Inc.\* | 23 | 3991 |
| &nbsp;&nbsp;&nbsp;&nbsp; Molson Coors Beverage Co. Cl B | 37 | 1727 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mondelez International, Inc. Cl A | 287 | 15449 |
| &nbsp;&nbsp;&nbsp;&nbsp; Monster Beverage Corp.\* | 159 | 12191 |
| &nbsp;&nbsp;&nbsp;&nbsp; Moody's Corp. | 29 | 14815 |
| &nbsp;&nbsp;&nbsp;&nbsp; PayPal Holdings, Inc. | 179 | 10450 |
| &nbsp;&nbsp;&nbsp;&nbsp; PepsiCo, Inc. | 304 | 43630 |
| &nbsp;&nbsp;&nbsp;&nbsp; Procter & Gamble Co. | 520 | 74521 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quanta Services, Inc. | 32 | 13506 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quest Diagnostics, Inc. | 52 | 9024 |
| &nbsp;&nbsp;&nbsp;&nbsp; ResMed, Inc. | 68 | 16379 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rollins, Inc. | 62 | 3721 |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P Global, Inc. | 59 | 30833 |
| &nbsp;&nbsp;&nbsp;&nbsp; Solventum Corp.\* | 69 | 5468 |
| &nbsp;&nbsp;&nbsp;&nbsp; STERIS PLC | 46 | 11662 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stryker Corp. | 160 | 56235 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sysco Corp. | 107 | 7885 |
| &nbsp;&nbsp;&nbsp;&nbsp; The Campbell's Company | 43 | 1198 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CATHOLIC VALUES INDEX FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |
|  Consumer, Non-cyclical (Continued) | Consumer, Non-cyclical (Continued) | Consumer, Non-cyclical (Continued) |
| &nbsp;&nbsp;&nbsp;&nbsp; Tyson Foods, Inc. Cl A | 63 | $3693 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Rentals, Inc. | 13 | 10521 |
| &nbsp;&nbsp;&nbsp;&nbsp; Verisk Analytics, Inc. | 30 | 6711 |
| &nbsp;&nbsp;&nbsp;&nbsp; West Pharmaceutical Services, Inc. | 33 | 9080 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zimmer Biomet Holdings, Inc. | 92 | 8273 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zoetis, Inc. | 205 | 25793 |
|  |  | 1305304 |
|  Energy (2.8%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; APA Corp. | 59 | 1443 |
| &nbsp;&nbsp;&nbsp;&nbsp; Baker Hughes Co. | 165 | 7514 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chevron Corp. | 317 | 48314 |
| &nbsp;&nbsp;&nbsp;&nbsp; ConocoPhillips | 207 | 19377 |
| &nbsp;&nbsp;&nbsp;&nbsp; Coterra Energy, Inc. | 127 | 3343 |
| &nbsp;&nbsp;&nbsp;&nbsp; Devon Energy Corp. | 105 | 3846 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diamondback Energy, Inc. | 31 | 4660 |
| &nbsp;&nbsp;&nbsp;&nbsp; EOG Resources, Inc. | 90 | 9451 |
| &nbsp;&nbsp;&nbsp;&nbsp; EQT Corp. | 104 | 5574 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expand Energy Corp. | 39 | 4304 |
| &nbsp;&nbsp;&nbsp;&nbsp; Exxon Mobil Corp. | 706 | 84960 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Solar, Inc.\* | 18 | 4702 |
| &nbsp;&nbsp;&nbsp;&nbsp; Halliburton Co. | 141 | 3985 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kinder Morgan, Inc. | 328 | 9017 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marathon Petroleum Corp. | 50 | 8132 |
| &nbsp;&nbsp;&nbsp;&nbsp; Occidental Petroleum Corp. | 120 | 4934 |
| &nbsp;&nbsp;&nbsp;&nbsp; ONEOK, Inc. | 105 | 7718 |
| &nbsp;&nbsp;&nbsp;&nbsp; Phillips 66 | 67 | 8646 |
| &nbsp;&nbsp;&nbsp;&nbsp; SLB Ltd. | 250 | 9595 |
| &nbsp;&nbsp;&nbsp;&nbsp; Targa Resources Corp. | 35 | 6458 |
| &nbsp;&nbsp;&nbsp;&nbsp; Texas Pacific Land Corp. | 9 | 2585 |
| &nbsp;&nbsp;&nbsp;&nbsp; Valero Energy Corp. | 51 | 8302 |
| &nbsp;&nbsp;&nbsp;&nbsp; Williams Cos., Inc. | 204 | 12262 |
|  |  | 279122 |
|  Financial (15.5%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aflac, Inc. | 90 | 9924 |
| &nbsp;&nbsp;&nbsp;&nbsp; Allstate Corp. | 50 | 10407 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Express Co. | 102 | 37735 |
| &nbsp;&nbsp;&nbsp;&nbsp; American International Group, Inc. | 103 | 8812 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Tower Corp. | 85 | 14923 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ameriprise Financial, Inc. | 17 | 8336 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aon PLC Cl A | 41 | 14468 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apollo Global Management, Inc. | 89 | 12884 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arch Capital Group Ltd.\* | 68 | 6523 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arthur J Gallagher & Co. | 49 | 12681 |
| &nbsp;&nbsp;&nbsp;&nbsp; Assurant, Inc. | 9 | 2168 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Financial (Continued) |  |  |
|  AvalonBay Communities, Inc. | 26 | $4714 |
|  Bank of America Corp. | 1283 | 70565 |
|  Bank of New York Mellon Corp. | 133 | 15440 |
|  Blackrock, Inc. | 27 | 28899 |
|  Blackstone, Inc. | 141 | 21734 |
|  Brown & Brown, Inc. | 56 | 4463 |
|  BXP, Inc. | 27 | 1822 |
|  Camden Property Trust | 19 | 2092 |
|  Capital One Financial Corp. | 121 | 29326 |
|  Cboe Global Markets, Inc. | 19 | 4769 |
|  CBRE Group, Inc. Cl A\* | 53 | 8522 |
|  Charles Schwab Corp. | 319 | 31871 |
|  Chubb Ltd. | 69 | 21536 |
|  Cincinnati Financial Corp. | 29 | 4736 |
|  Citigroup, Inc. | 342 | 39908 |
|  Citizens Financial Group, Inc. | 82 | 4790 |
|  CME Group, Inc. | 69 | 18843 |
|  Coinbase Global, Inc. Cl A\* | 44 | 9950 |
|  CoStar Group, Inc.\* | 77 | 5177 |
|  Crown Castle, Inc. | 79 | 7021 |
|  Digital Realty Trust, Inc. | 58 | 8973 |
|  Equinix, Inc. | 17 | 13025 |
|  Equity Residential | 63 | 3971 |
|  Erie Indemnity Co. Cl A | 4 | 1147 |
|  Essex Property Trust, Inc. | 11 | 2878 |
|  Everest Group Ltd. | 8 | 2715 |
|  Extra Space Storage, Inc. | 38 | 4948 |
|  Federal Realty Investment Trust | 14 | 1411 |
|  Fifth Third Bancorp | 126 | 5898 |
|  Franklin Resources, Inc. | 58 | 1386 |
|  Global X S&P 500 Catholic Values ETF | 1889 | 155326 |
|  Globe Life, Inc. | 15 | 2098 |
|  Goldman Sachs Group, Inc. | 57 | 50103 |
|  Hartford Insurance Group, Inc. | 53 | 7303 |
|  Host Hotels & Resorts, Inc. | 116 | 2057 |
|  Huntington Bancshares, Inc. | 300 | 5205 |
|  Interactive Brokers Group, Inc. Cl A | 85 | 5466 |
|  Intercontinental Exchange, Inc. | 108 | 17492 |
|  Invesco Ltd. | 85 | 2233 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CATHOLIC VALUES INDEX FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Financial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Invitation Homes, Inc. | 102 | $2835 |
| &nbsp;&nbsp;&nbsp;&nbsp; Iron Mountain, Inc. | 53 | 4396 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. | 520 | 167554 |
| &nbsp;&nbsp;&nbsp;&nbsp; KeyCorp | 177 | 3653 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kimco Realty Corp. | 123 | 2493 |
| &nbsp;&nbsp;&nbsp;&nbsp; KKR & Co., Inc. | 131 | 16700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Loews Corp. | 32 | 3370 |
| &nbsp;&nbsp;&nbsp;&nbsp; M&T Bank Corp. | 29 | 5843 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marsh & McLennan Cos., Inc. | 94 | 17439 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mastercard, Inc. Cl A | 157 | 89628 |
| &nbsp;&nbsp;&nbsp;&nbsp; MetLife, Inc. | 105 | 8289 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid-America Apartment Communities, Inc. | 21 | 2917 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley | 231 | 41009 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nasdaq, Inc. | 86 | 8353 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northern Trust Corp. | 36 | 4917 |
| &nbsp;&nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. | 74 | 15446 |
| &nbsp;&nbsp;&nbsp;&nbsp; Principal Financial Group, Inc. | 38 | 3352 |
| &nbsp;&nbsp;&nbsp;&nbsp; Progressive Corp. | 112 | 25505 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prologis, Inc. | 169 | 21575 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prudential Financial, Inc. | 66 | 7450 |
| &nbsp;&nbsp;&nbsp;&nbsp; Public Storage | 28 | 7266 |
| &nbsp;&nbsp;&nbsp;&nbsp; Raymond James Financial, Inc. | 33 | 5299 |
| &nbsp;&nbsp;&nbsp;&nbsp; Realty Income Corp. | 168 | 9470 |
| &nbsp;&nbsp;&nbsp;&nbsp; Regency Centers Corp. | 29 | 2002 |
| &nbsp;&nbsp;&nbsp;&nbsp; Regions Financial Corp. | 167 | 4526 |
| &nbsp;&nbsp;&nbsp;&nbsp; SBA Communications Corp. | 19 | 3675 |
| &nbsp;&nbsp;&nbsp;&nbsp; Simon Property Group, Inc. | 59 | 10921 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Corp. | 53 | 6838 |
| &nbsp;&nbsp;&nbsp;&nbsp; Synchrony Financial | 68 | 5673 |
| &nbsp;&nbsp;&nbsp;&nbsp; T Rowe Price Group, Inc. | 41 | 4198 |
| &nbsp;&nbsp;&nbsp;&nbsp; Travelers Cos., Inc. | 42 | 12182 |
| &nbsp;&nbsp;&nbsp;&nbsp; Truist Financial Corp. | 244 | 12007 |
| &nbsp;&nbsp;&nbsp;&nbsp; UDR, Inc. | 54 | 1981 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Bancorp | 297 | 15848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Visa, Inc. Cl A | 322 | 112929 |
| &nbsp;&nbsp;&nbsp;&nbsp; W R Berkley Corp. | 57 | 3997 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo & Co. | 600 | 55920 |
| &nbsp;&nbsp;&nbsp;&nbsp; Welltower, Inc. | 125 | 23201 |
| &nbsp;&nbsp;&nbsp;&nbsp; Weyerhaeuser Co. | 131 | 3103 |
| &nbsp;&nbsp;&nbsp;&nbsp; Willis Towers Watson PLC | 18 | 5915 |
|  |  | 1528349 |
|  Industrial (6.9%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3M Co. | 113 | 18091 |
| &nbsp;&nbsp;&nbsp;&nbsp; A O Smith Corp. | 24 | 1605 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Industrial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allegion PLC | 18 | $2866 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amcor PLC | 360 | 3002 |
| &nbsp;&nbsp;&nbsp;&nbsp; AMETEK, Inc. | 49 | 10060 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amphenol Corp. Cl A | 213 | 28785 |
| &nbsp;&nbsp;&nbsp;&nbsp; Axon Enterprise, Inc.\* | 16 | 9087 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ball Corp. | 42 | 2225 |
| &nbsp;&nbsp;&nbsp;&nbsp; Builders FirstSource, Inc.\* | 23 | 2366 |
| &nbsp;&nbsp;&nbsp;&nbsp; Carrier Global Corp. | 169 | 8930 |
| &nbsp;&nbsp;&nbsp;&nbsp; Caterpillar, Inc. | 99 | 56714 |
| &nbsp;&nbsp;&nbsp;&nbsp; CH Robinson Worldwide, Inc. | 25 | 4019 |
| &nbsp;&nbsp;&nbsp;&nbsp; Comfort Systems USA, Inc. | 7 | 6533 |
| &nbsp;&nbsp;&nbsp;&nbsp; CRH PLC | 104 | 12979 |
| &nbsp;&nbsp;&nbsp;&nbsp; CSX Corp. | 398 | 14428 |
| &nbsp;&nbsp;&nbsp;&nbsp; Deere & Co. | 53 | 24675 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dover Corp. | 29 | 5662 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eaton Corp. PLC | 82 | 26118 |
| &nbsp;&nbsp;&nbsp;&nbsp; EMCOR Group, Inc. | 9 | 5506 |
| &nbsp;&nbsp;&nbsp;&nbsp; Emerson Electric Co. | 119 | 15794 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expeditors International of Washington, Inc. | 29 | 4321 |
| &nbsp;&nbsp;&nbsp;&nbsp; FedEx Corp. | 46 | 13288 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fortive Corp. | 67 | 3699 |
| &nbsp;&nbsp;&nbsp;&nbsp; Garmin Ltd. | 27 | 5477 |
| &nbsp;&nbsp;&nbsp;&nbsp; GE Vernova, Inc. | 58 | 37907 |
| &nbsp;&nbsp;&nbsp;&nbsp; Generac Holdings, Inc.\* | 12 | 1636 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Electric Co. | 225 | 69307 |
| &nbsp;&nbsp;&nbsp;&nbsp; Howmet Aerospace, Inc. | 85 | 17427 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hubbell, Inc. | 11 | 4885 |
| &nbsp;&nbsp;&nbsp;&nbsp; IDEX Corp. | 16 | 2847 |
| &nbsp;&nbsp;&nbsp;&nbsp; Illinois Tool Works, Inc. | 56 | 13793 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ingersoll Rand, Inc. | 76 | 6021 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jabil, Inc. | 18 | 4104 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jacobs Solutions, Inc. | 25 | 3312 |
| &nbsp;&nbsp;&nbsp;&nbsp; JB Hunt Transport Services, Inc. | 16 | 3109 |
| &nbsp;&nbsp;&nbsp;&nbsp; Johnson Controls International PLC | 130 | 15568 |
| &nbsp;&nbsp;&nbsp;&nbsp; Keysight Technologies, Inc.\* | 29 | 5893 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lennox International, Inc. | 6 | 2913 |
| &nbsp;&nbsp;&nbsp;&nbsp; Martin Marietta Materials, Inc. | 10 | 6227 |
| &nbsp;&nbsp;&nbsp;&nbsp; Masco Corp. | 44 | 2792 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mettler-Toledo International, Inc.\* | 9 | 12548 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nordson Corp. | 11 | 2645 |
| &nbsp;&nbsp;&nbsp;&nbsp; Norfolk Southern Corp. | 48 | 13859 |
| &nbsp;&nbsp;&nbsp;&nbsp; Old Dominion Freight Line, Inc. | 39 | 6115 |
| &nbsp;&nbsp;&nbsp;&nbsp; Otis Worldwide Corp. | 83 | 7250 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CATHOLIC VALUES INDEX FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Industrial (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Packaging Corp. of America | 14 | $2887 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pentair PLC | 35 | 3645 |
| &nbsp;&nbsp;&nbsp;&nbsp; Republic Services, Inc. | 43 | 9113 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rockwell Automation, Inc. | 24 | 9338 |
| &nbsp;&nbsp;&nbsp;&nbsp; Smurfit WestRock PLC | 81 | 3132 |
| &nbsp;&nbsp;&nbsp;&nbsp; Snap-on, Inc. | 11 | 3791 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stanley Black & Decker, Inc. | 33 | 2451 |
| &nbsp;&nbsp;&nbsp;&nbsp; TE Connectivity PLC | 51 | 11603 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trane Technologies PLC | 47 | 18292 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trimble, Inc.\* | 41 | 3212 |
| &nbsp;&nbsp;&nbsp;&nbsp; Union Pacific Corp. | 127 | 29378 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Parcel Service, Inc. Cl B | 158 | 15672 |
| &nbsp;&nbsp;&nbsp;&nbsp; Veralto Corp. | 53 | 5288 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vulcan Materials Co. | 21 | 5990 |
| &nbsp;&nbsp;&nbsp;&nbsp; Waste Management, Inc. | 79 | 17357 |
| &nbsp;&nbsp;&nbsp;&nbsp; Westinghouse Air Brake Technologies Corp. | 36 | 7684 |
| &nbsp;&nbsp;&nbsp;&nbsp; Xylem, Inc. | 52 | 7081 |
|  |  | 682302 |
|  Technology (32.5%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accenture PLC Cl A | 108 | 28976 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adobe, Inc.\* | 72 | 25199 |
| &nbsp;&nbsp;&nbsp;&nbsp; Akamai Technologies, Inc.\* | 25 | 2181 |
| &nbsp;&nbsp;&nbsp;&nbsp; Analog Devices, Inc. | 85 | 23052 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apple, Inc. | 2577 | 700583 |
| &nbsp;&nbsp;&nbsp;&nbsp; Applied Materials, Inc. | 139 | 35722 |
| &nbsp;&nbsp;&nbsp;&nbsp; Autodesk, Inc.\* | 37 | 10952 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadcom, Inc. | 823 | 284840 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadridge Financial Solutions, Inc. | 25 | 5579 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cadence Design Systems, Inc.\* | 47 | 14691 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cognizant Technology Solutions Corp. Cl A | 84 | 6972 |
| &nbsp;&nbsp;&nbsp;&nbsp; Crowdstrike Holdings, Inc. Cl A\* | 43 | 20157 |
| &nbsp;&nbsp;&nbsp;&nbsp; Datadog, Inc. Cl A\* | 57 | 7751 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dayforce, Inc.\* | 34 | 2351 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dell Technologies, Inc. Cl C | 52 | 6546 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electronic Arts, Inc. | 37 | 7560 |
| &nbsp;&nbsp;&nbsp;&nbsp; EPAM Systems, Inc.\* | 9 | 1844 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fair Isaac Corp.\* | 4 | 6763 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity National Information Services, Inc. | 98 | 6513 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fiserv, Inc.\* | 102 | 6851 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fortinet, Inc.\* | 110 | 8735 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Technology (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Gartner, Inc.\* | 12 | $3027 |
| &nbsp;&nbsp;&nbsp;&nbsp; HP, Inc. | 163 | 3632 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intel Corp.\* | 782 | 28856 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intuit, Inc. | 49 | 32459 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jack Henry & Associates, Inc. | 13 | 2372 |
| &nbsp;&nbsp;&nbsp;&nbsp; KLA Corp. | 22 | 26732 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lam Research Corp. | 219 | 37488 |
| &nbsp;&nbsp;&nbsp;&nbsp; Microchip Technology, Inc. | 94 | 5990 |
| &nbsp;&nbsp;&nbsp;&nbsp; Micron Technology, Inc. | 196 | 55940 |
| &nbsp;&nbsp;&nbsp;&nbsp; Microsoft Corp. | 1296 | 626772 |
| &nbsp;&nbsp;&nbsp;&nbsp; Monolithic Power Systems, Inc. | 8 | 7251 |
| &nbsp;&nbsp;&nbsp;&nbsp; MSCI, Inc. | 14 | 8032 |
| &nbsp;&nbsp;&nbsp;&nbsp; NetApp, Inc. | 34 | 3641 |
| &nbsp;&nbsp;&nbsp;&nbsp; NVIDIA Corp. | 4237 | 790201 |
| &nbsp;&nbsp;&nbsp;&nbsp; NXP Semiconductors NV | 43 | 9334 |
| &nbsp;&nbsp;&nbsp;&nbsp; ON Semiconductor Corp.\* | 70 | 3791 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oracle Corp. | 293 | 57109 |
| &nbsp;&nbsp;&nbsp;&nbsp; Palantir Technologies, Inc. Cl A\* | 398 | 70745 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paychex, Inc. | 69 | 7740 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paycom Software, Inc. | 10 | 1594 |
| &nbsp;&nbsp;&nbsp;&nbsp; PTC, Inc.\* | 20 | 3484 |
| &nbsp;&nbsp;&nbsp;&nbsp; QUALCOMM, Inc. | 187 | 31986 |
| &nbsp;&nbsp;&nbsp;&nbsp; Roper Technologies, Inc. | 18 | 8012 |
| &nbsp;&nbsp;&nbsp;&nbsp; Salesforce, Inc. | 166 | 43975 |
| &nbsp;&nbsp;&nbsp;&nbsp; Seagate Technology Holdings PLC | 37 | 10189 |
| &nbsp;&nbsp;&nbsp;&nbsp; ServiceNow, Inc.\* | 181 | 27727 |
| &nbsp;&nbsp;&nbsp;&nbsp; Skyworks Solutions, Inc. | 25 | 1585 |
| &nbsp;&nbsp;&nbsp;&nbsp; Super Micro Computer, Inc.\* | 87 | 2547 |
| &nbsp;&nbsp;&nbsp;&nbsp; Synopsys, Inc.\* | 32 | 15031 |
| &nbsp;&nbsp;&nbsp;&nbsp; Take-Two Interactive Software, Inc.\* | 29 | 7425 |
| &nbsp;&nbsp;&nbsp;&nbsp; Teradyne, Inc. | 27 | 5226 |
| &nbsp;&nbsp;&nbsp;&nbsp; Texas Instruments, Inc. | 158 | 27411 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tyler Technologies, Inc.\* | 7 | 3178 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Digital Corp. | 59 | 10164 |
| &nbsp;&nbsp;&nbsp;&nbsp; Workday, Inc. Cl A\* | 37 | 7947 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zebra Technologies Corp. Cl A\* | 8 | 1943 |
|  |  | 3204354 |
|  Utilities (2.2%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AES Corp. | 119 | 1706 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alliant Energy Corp. | 43 | 2795 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ameren Corp. | 45 | 4494 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Electric Power Co., Inc. | 89 | 10263 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CATHOLIC VALUES INDEX FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Utilities (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; American Water Works Co., Inc. | 32 | $4176 |
| &nbsp;&nbsp;&nbsp;&nbsp; Atmos Energy Corp. | 26 | 4358 |
| &nbsp;&nbsp;&nbsp;&nbsp; CenterPoint Energy, Inc. | 109 | 4179 |
| &nbsp;&nbsp;&nbsp;&nbsp; CMS Energy Corp. | 50 | 3497 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consolidated Edison, Inc. | 60 | 5959 |
| &nbsp;&nbsp;&nbsp;&nbsp; Constellation Energy Corp. | 52 | 18370 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dominion Energy, Inc. | 143 | 8378 |
| &nbsp;&nbsp;&nbsp;&nbsp; DTE Energy Co. | 34 | 4385 |
| &nbsp;&nbsp;&nbsp;&nbsp; Duke Energy Corp. | 130 | 15237 |
| &nbsp;&nbsp;&nbsp;&nbsp; Edison International | 64 | 3841 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entergy Corp. | 74 | 6840 |
| &nbsp;&nbsp;&nbsp;&nbsp; Evergy, Inc. | 38 | 2755 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eversource Energy | 63 | 4242 |
| &nbsp;&nbsp;&nbsp;&nbsp; Exelon Corp. | 169 | 7367 |
| &nbsp;&nbsp;&nbsp;&nbsp; FirstEnergy Corp. | 87 | 3895 |
| &nbsp;&nbsp;&nbsp;&nbsp; NextEra Energy, Inc. | 349 | 28018 |
| &nbsp;&nbsp;&nbsp;&nbsp; NiSource, Inc. | 80 | 3341 |
| &nbsp;&nbsp;&nbsp;&nbsp; NRG Energy, Inc. | 32 | 5096 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **COMMON STOCKS (Continued):** | **COMMON STOCKS (Continued):** |  |
|  Utilities (Continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; PG&E Corp. | 368 | $5914 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pinnacle West Capital Corp. | 20 | 1774 |
| &nbsp;&nbsp;&nbsp;&nbsp; PPL Corp. | 124 | 4342 |
| &nbsp;&nbsp;&nbsp;&nbsp; Public Service Enterprise Group, Inc. | 83 | 6665 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sempra | 109 | 9624 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southern Co. | 184 | 16045 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vistra Corp. | 53 | 8550 |
| &nbsp;&nbsp;&nbsp;&nbsp; WEC Energy Group, Inc. | 54 | 5695 |
| &nbsp;&nbsp;&nbsp;&nbsp; Xcel Energy, Inc. | 99 | 7312 |
|  |  | 219113 |
|  Total Common Stocks<br>(Cost: $6,690,418) |  | 9868389 |
|  **RIGHTS (–%):** |  |  |
|  Consumer, Non-cyclical (–%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Contra ABIOMED, Inc. — contingent value rights\* | 20 | 0‡ |
|  Total Rights<br>(Cost: $—) |  | 0 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Rate(%)** | **Face Amount** | **Value** |
|  **TEMPORARY CASH INVESTMENT (0.1%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Securities Cash Management, Institutional Shares | 3.63 | $10727 | $10727 |
|  Total Temporary Cash Investment<br>(Cost: $10,727) |  |  | 10727 |
|  Total Investments<br>(Cost: $6,701,145) 100.1% |  |  | 9879116 |
|  Other Net Assets -0.1% |  |  | (11408) |
|  Net Assets 100.0% |  |  | $9867708 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES

#### _____
\* Non-income producing security.

‡ Level 3 Security.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — RETIREMENT INCOME FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **AFFILIATED MUTUAL FUNDS (100.0%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Funds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Core Bond Fund (34.3%) | 8171563 | $102226256 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity Index Fund (22.7%) | 966830 | 67697413 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intermediate Bond Fund (27.6%) | 8382981 | 82153217 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Fund (6.0%) | 1616113 | 17777248 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Equity Index Fund (4.0%) | 597044 | 12000578 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Government Money Market Fund (5.4%) | 16232363 | 16232363 |
|  Total Affiliated Mutual Funds<br>(Cost: $283,105,950) |  | 298087075 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Rate(%)** | **Face Amount** | **Value** |
|  **TEMPORARY CASH INVESTMENT (0.0%)(1)** |  |  |  |
|  Dreyfus Treasury Securities Cash Management, Institutional Shares | 3.63 | $25 | $25 |
|  Total Temporary Cash Investment<br>(Cost: $25) |  |  | 25 |
|  Total Investments<br>(Cost: $283,105,975) 100.0% |  |  | 298087100 |
|  Other Net Assets -0.0%(1) |  |  | (79367) |
|  Net Assets 100.0% |  |  | $298007733 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES

#### _____
(1) Percentage is less than 0.05%.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CLEAR PASSAGE 2020 FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **AFFILIATED MUTUAL FUNDS (100.0%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Funds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Core Bond Fund (34.8%) | 11334647 | $141796438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity Index Fund (23.1%) | 1347086 | 94322934 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intermediate Bond Fund (22.9%) | 9511940 | 93217016 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Fund (8.5%) | 3145230 | 34597526 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Equity Index Fund (4.3%) | 876608 | 17619818 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Growth Fund (0.6%) | 166842 | 2469266 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Value Fund (1.1%) | 330254 | 4649970 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Government Money Market Fund (4.7%) | 19084162 | 19084162 |
|  Total Investments<br>(Cost: $386,325,120) 100.0% |  | 407757130 |
|  Other Net Assets -0.0%(1) |  | (104785) |
|  Net Assets 100.0% |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;407652345 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
(1) Percentage is less than 0.05%.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CLEAR PASSAGE 2025 FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | | |
|:---|:---|:---|:---|
|  | | **Shares** | **Value** |
|  **AFFILIATED MUTUAL FUNDS (100.0%)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Funds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Core Bond Fund (32.0%) |  | 27328390 | $341878155 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity Index Fund (29.2%) |  | 4444327 | 311191746 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intermediate Bond Fund (16.6%) |  | 18107665 | 177455114 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Fund (12.3%) |  | 11910859 | 131019447 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Equity Index Fund (4.6%) |  | 2463498 | 49516317 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Growth Fund (1.0%) |  | 698456 | 10337151 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Value Fund (1.5%) |  | 1154990 | 16262259 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Government Money Market Fund (2.8%) |  | 29594879 | 29594879 |
|  Total Affiliated Mutual Funds<br>(Cost: $989,698,036) |  |  | 1067255068 |
|  | **Rate(%)** | **Face Amount** | **Value** |
|  **TEMPORARY CASH INVESTMENT (0.0%)(1)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Securities Cash Management, Institutional Shares | 3.63 | $27 | $27 |
|  Total Temporary Cash Investment<br>(Cost: $27) |  |  | 27 |
|  Total Investments<br>(Cost: $989,698,063) 100.0% |  |  | 1067255095 |
|  Other Net Assets -0.0%(1) |  |  | (209658) |
|  Net Assets 100.0% |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1067045437 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
(1) Percentage is less than 0.05%.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CLEAR PASSAGE 2030 FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **AFFILIATED MUTUAL FUNDS (100.0%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Funds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Core Bond Fund (26.4%) | 31659803 | $396064140 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity Index Fund (34.1%) | 7313265 | 512074809 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intermediate Bond Fund (12.7%) | 19434956 | 190462570 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Fund (14.3%) | 19556054 | 215116590 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Equity Index Fund (3.7%) | 2765786 | 55592304 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Growth Fund (1.4%) | 2194659 | 21090673 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Value Fund (1.5%) | 1363156 | 21974067 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Growth Fund (1.3%) | 1333924 | 19742077 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Value Fund (1.9%) | 2017955 | 28412807 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Government Money Market Fund (2.7%) | 40961016 | 40961016 |
|  Total Investments<br>(Cost: $1,375,097,111) 100.0% |  | 1501491053 |
|  Other Net Assets -0.0%(1) |  | (283938) |
|  Net Assets 100.0% |  | $1501207115 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
(1) Percentage is less than 0.05%.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CLEAR PASSAGE 2035 FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **AFFILIATED MUTUAL FUNDS (100.0%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Funds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Core Bond Fund (21.2%) | 26287817 | $328860594 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity Index Fund (39.0%) | 8657659 | 606209269 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intermediate Bond Fund (8.2%) | 12986457 | 127267282 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Fund (17.5%) | 24737374 | 272111109 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Equity Index Fund (5.5%) | 4231900 | 85061195 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Growth Fund (1.2%) | 1872863 | 17998210 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Value Fund (1.2%) | 1160625 | 18709282 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Equity Index Fund (0.4%) | 627002 | 6633678 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Growth Fund (1.6%) | 1685778 | 24949517 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Value Fund (1.6%) | 1710446 | 24083075 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Government Money Market Fund (2.6%) | 41038032 | 41038032 |
|  Total Investments<br>(Cost: $1,406,285,623) 100.0% |  | 1552921243 |
|  Other Net Assets -0.0%(1) |  | (291757) |
|  Net Assets 100.0% |  | $1552629486 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
(1) Percentage is less than 0.05%.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CLEAR PASSAGE 2040 FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **AFFILIATED MUTUAL FUNDS (100.0%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Funds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Core Bond Fund (13.6%) | 14635316 | $183087799 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity Index Fund (43.1%) | 8302698 | 581354892 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intermediate Bond Fund (5.6%) | 7709884 | 75556867 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Fund (21.6%) | 26506810 | 291574907 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Equity Index Fund (7.8%) | 5226226 | 105047133 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Growth Fund (0.9%) | 1180146 | 11341206 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Value Fund (0.9%) | 731544 | 11792493 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Equity Index Fund (1.7%) | 2202192 | 23299191 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Growth Fund (1.5%) | 1403549 | 20772532 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Value Fund (1.5%) | 1448665 | 20397199 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Government Money Market Fund (1.8%) | 23808139 | 23808139 |
|  Total Investments<br>(Cost: $1,198,819,862) 100.0% |  | 1348032358 |
|  Other Net Assets -0.0%(1) |  | (257146) |
|  Net Assets 100.0% |  | $1347775212 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
(1) Percentage is less than 0.05%.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CLEAR PASSAGE 2045 FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **AFFILIATED MUTUAL FUNDS (100.0%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Funds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Core Bond Fund (8.9%) | 9964956 | $124661596 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity Index Fund (46.3%) | 9278453 | 649677299 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intermediate Bond Fund (3.4%) | 4805714 | 47095997 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Fund (23.5%) | 29928164 | 329209805 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Equity Index Fund (8.7%) | 6062717 | 121860606 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Growth Fund (0.8%) | 1232684 | 11846091 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Value Fund (0.9%) | 763574 | 12308818 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Equity Index Fund (1.9%) | 2570277 | 27193530 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Growth Fund (2.0%) | 1925434 | 28496422 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Value Fund (1.8%) | 1787884 | 25173411 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Government Money Market Fund (1.8%) | 24665456 | 24665456 |
|  Total Investments<br>(Cost: $1,236,804,553) 100.0% |  | 1402189031 |
|  Other Net Assets -0.0%(1) |  | (266206) |
|  Net Assets 100.0% |  | $1401922825 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
(1) Percentage is less than 0.05%.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CLEAR PASSAGE 2050 FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **AFFILIATED MUTUAL FUNDS (100.0%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Funds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Core Bond Fund (7.1%) | 6258418 | $78292805 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity Index Fund (47.0%) | 7407553 | 518676887 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intermediate Bond Fund (2.4%) | 2728823 | 26742468 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Fund (23.7%) | 23789157 | 261680731 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Equity Index Fund (8.4%) | 4595117 | 92361852 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Growth Fund (1.7%) | 2003344 | 19252137 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Value Fund (1.8%) | 1242823 | 20034311 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Equity Index Fund (1.9%) | 1993791 | 21094312 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Growth Fund (2.2%) | 1633688 | 24178584 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Value Fund (2.1%) | 1608824 | 22652245 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Government Money Market Fund (1.7%) | 19151062 | 19151062 |
|  Total Investments<br>(Cost: $973,509,892) 100.0% |  | 1104117394 |
|  Other Net Assets -0.0%(1) |  | (214998) |
|  Net Assets 100.0% |  | $1103902396 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
(1) Percentage is less than 0.05%.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CLEAR PASSAGE 2055 FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **AFFILIATED MUTUAL FUNDS (100.0%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Funds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Core Bond Fund (6.0%) | 3215648 | $40227760 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity Index Fund (48.1%) | 4625092 | 323848957 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intermediate Bond Fund (0.8%) | 525261 | 5147560 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Fund (25.2%) | 15440386 | 169844242 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Equity Index Fund (9.0%) | 3012288 | 60546988 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Growth Fund (1.7%) | 1203908 | 11569559 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Value Fund (1.8%) | 747080 | 12042935 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Equity Index Fund (1.9%) | 1231766 | 13032086 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Growth Fund (2.3%) | 1066509 | 15784331 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Value Fund (2.3%) | 1097221 | 15448866 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Government Money Market Fund (0.9%) | 5841977 | 5841977 |
|  Total Investments<br>(Cost: $594,028,953) 100.0% |  | 673335261 |
|  Other Net Assets -0.0%(1) |  | (140654) |
|  Net Assets 100.0% |  | $673194607 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
(1) Percentage is less than 0.05%.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CLEAR PASSAGE 2060 FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **AFFILIATED MUTUAL FUNDS (100.0%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Funds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Core Bond Fund (4.2%) | 1331439 | $16656303 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity Index Fund (47.0%) | 2660737 | 186304809 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intermediate Bond Fund (0.6%) | 247210 | 2422655 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Fund (26.4%) | 9513237 | 104645607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Equity Index Fund (9.5%) | 1875203 | 37691572 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Growth Fund (1.9%) | 775777 | 7455217 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Value Fund (1.9%) | 480379 | 7743706 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Equity Index Fund (2.0%) | 735485 | 7781431 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Growth Fund (2.9%) | 785579 | 11626565 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Value Fund (2.8%) | 791248 | 11140768 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Government Money Market Fund (0.8%) | 3272321 | 3272321 |
|  Total Investments<br>(Cost: $348,901,992) 100.0% |  | 396740954 |
|  Other Net Assets -0.0%(1) |  | (93198) |
|  Net Assets 100.0% |  | $396647756 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
(1) Percentage is less than 0.05%.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CLEAR PASSAGE 2065 FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **AFFILIATED MUTUAL FUNDS (100.0%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Funds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Core Bond Fund (3.2%) | 463844 | $5802692 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity Index Fund (47.0%) | 1238541 | 86722667 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intermediate Bond Fund (0.7%) | 136686 | 1339526 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Fund (25.8%) | 4325321 | 47578536 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Equity Index Fund (9.2%) | 843029 | 16944884 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Growth Fund (2.6%) | 494168 | 4748959 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Value Fund (2.7%) | 305803 | 4929545 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Equity Index Fund (2.0%) | 349264 | 3695218 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Growth Fund (3.0%) | 379559 | 5617468 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Value Fund (3.0%) | 396943 | 5588962 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Government Money Market Fund (0.8%) | 1473769 | 1473769 |
|  Total Investments<br>(Cost: $167,144,320) 100.0% |  | 184442226 |
|  Other Net Assets -0.0%(1) |  | (56676) |
|  Net Assets 100.0% |  | $184385550 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
(1) Percentage is less than 0.05%.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CLEAR PASSAGE 2070 FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **AFFILIATED MUTUAL FUNDS (100.7%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Funds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Core Bond Fund (1.9%) | 7397 | $92535 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity Index Fund (45.7%) | 31544 | 2208696 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intermediate Bond Fund (1.0%) | 4702 | 46081 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Fund (25.5%) | 111829 | 1230114 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Equity Index Fund (11.0%) | 26403 | 530705 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Growth Fund (2.8%) | 14155 | 136031 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Value Fund (2.9%) | 8686 | 140013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Equity Index Fund (2.0%) | 9234 | 97700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Growth Fund (3.5%) | 11392 | 168605 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Value Fund (3.4%) | 11775 | 165788 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Government Money Market Fund (1.0%) | 45888 | 45888 |
|  Total Investments<br>(Cost: $4,832,055) 100.7% |  | 4862156 |
|  Other Net Assets -0.7% |  | (33419) |
|  Net Assets 100.0% |  | $4828737 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CONSERVATIVE ALLOCATION FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **AFFILIATED MUTUAL FUNDS (100.0%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Funds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Core Bond Fund (34.0%) | 3975024 | $49727544 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity Index Fund (30.2%) | 632151 | 44263180 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intermediate Bond Fund (20.0%) | 2987564 | 29278124 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Fund (6.2%) | 829972 | 9129693 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Equity Index Fund (5.1%) | 373390 | 7505145 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Government Money Market Fund (4.5%) | 6584317 | 6584317 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Investments<br>(Cost: $141,563,040) 100.0% |  | 146488003 |
|  Other Net Assets -0.0%(1) |  | (36979) |
|  Net Assets 100.0% |  | $146451024 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
(1) Percentage is less than 0.05%.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — MOA MODERATE ALLOCATION FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **AFFILIATED MUTUAL FUNDS (100.0%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Funds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Core Bond Fund (24.0%) | 7561366 | $94592690 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity Index Fund (35.9%) | 2024851 | 141780067 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intermediate Bond Fund (14.0%) | 5648981 | 55360017 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Fund (16.1%) | 5773314 | 63506450 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Equity Index Fund (10.0%) | 1960187 | 39399762 |
|  Total Investments<br>(Cost: $360,447,118) 100.0% |  | 394638986 |
|  Other Net Assets -0.0%(1) |  | (41695) |
|  Net Assets 100.0% |  | $394597291 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
(1) Percentage is less than 0.05%.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — AGGRESSIVE ALLOCATION FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  **AFFILIATED MUTUAL FUNDS (100.0%)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Funds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Core Bond Fund (13.8%) | 3719409 | $46529806 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity Index Fund (36.2%) | 1750272 | 122554027 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intermediate Bond Fund (3.9%) | 1358785 | 13316091 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Fund (21.5%) | 6628179 | 72909971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid Cap Equity Index Fund (15.6%) | 2623169 | 52725696 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Growth Fund (4.7%) | 1073851 | 15892996 |
| &nbsp;&nbsp;&nbsp;&nbsp; Small Cap Value Fund (4.3%) | 1028059 | 14475071 |
|  Total Investments<br>(Cost: $299,224,642) 100.0% |  | 338403658 |
|  Other Net Assets -0.0%(1) |  | (39054) |
|  Net Assets 100.0% |  | $338364604 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
(1) Percentage is less than 0.05%.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — US GOVERNMENT MONEY MARKET FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **SHORT-TERM DEBT SECURITIES (100.5%):** |  |  |  |  |  |
|  U.S. Government (87.0%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.50 | 01/06/26 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30000000 | $29984127 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.55 | 03/10/26 | 15250000 | 15141968 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.56 | 01/13/26 | 30000000 | 29961742 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.57 | 03/17/26 | 25000000 | 24805589 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.58 | 02/03/26 | 26500000 | 26412512 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.58 | 01/29/26 | 23000000 | 22932326 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.60 | 01/20/26 | 20000000 | 19959512 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.60 | 03/31/26 | 17750000 | 17591185 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.60 | 02/17/26 | 21000000 | 20896913 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.60 | 03/24/26 | 22500000 | 22308725 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.60 | 02/10/26 | 23000000 | 22907923 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.60 | 02/24/26 | 21500000 | 21378588 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.60 | 02/05/26 | 27000000 | 26900360 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.61 | 04/07/26 | 30250000 | 29958209 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.61 | 04/14/26 | 25000000 | 24747007 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.62 | 04/28/26 | 27750000 | 27430781 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.62 | 04/21/26 | 20000000 | 19783245 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.62 | 03/12/26 | 2000000 | 1986230 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.62 | 03/03/26 | 24000000 | 23846891 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.66 | 02/12/26 | 14000000 | 13937933 |
|  |  |  |  |  | 442871766 |
|  U.S. Government Agencies (13.5%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLB | A-1+ | 3.51 | 01/14/26 | 35000000 | 34951467 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLB | A-1+ | 3.53 | 02/18/26 | 21500000 | 21397545 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | A-1+ | 3.51 | 01/30/26 | 12500000 | 12462491 |
|  |  |  |  |  | 68811503 |
|  Total Short-Term Debt Securities<br>(Cost: $511,683,269) |  |  |  |  | 511683269 |
|  |  |  | **Rate(%)** | **Face Amount** | **Value** |
|  **TEMPORARY CASH INVESTMENT (0.0%)(1)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Securities Cash Management, Institutional Shares |  |  | 3.63 | $137725 | $137725 |
|  Total Temporary Cash Investment<br>(Cost: $137,725) |  |  |  |  | 137725 |
|  Total Investments<br>(Cost: $511,820,994) 100.5% |  |  |  |  | 511820994 |
|  Other Net Assets -0.5% |  |  |  |  | (2394644) |
|  Net Assets 100.0% |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509426350 |

---

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
Abbreviations:

FHLB = Federal Home Loan Bank <br> FHLMC = Federal Home Loan Mortgage Corporation

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — US GOVERNMENT MONEY MARKET FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025
(1) Percentage is less than 0.05%.

\*\* Ratings as per Standard & Poor's Corporation (unaudited).

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — INTERMEDIATE BOND FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (99.2%):** |  |  |  |  |  |
|  U.S. Government (46.0%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 0.38 | 01/31/26 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2493290 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 0.63 | 08/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14600000 | 12715687 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 1.50 | 11/30/28 | 6800000 | 6420156 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 1.75 | 01/31/29 | 9980000 | 9459948 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 2.63 | 01/31/26 | 1000000 | 999158 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.38 | 11/30/27 | 8000000 | 7985313 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.50 | 10/31/27 | 40000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40015625 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.50 | 04/30/28 | 19600000 | 19601531 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.63 | 03/31/28 | 29100000 | 29184117 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.63 | 09/30/30 | 9000000 | 8973984 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.63 | 10/31/30 | 10000000 | 9967969 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.75 | 06/30/27 | 32000000 | 32127500 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.75 | 06/30/30 | 33000000 | 33110859 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.75 | 08/31/31 | 2200000 | 2195188 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.75 | 10/31/32 | 10000000 | 9904688 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.88 | 11/30/27 | 21900000 | 22059117 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.88 | 06/30/30 | 27645000 | 27878255 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.88 | 08/31/32 | 4820000 | 4814728 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.88 | 08/15/33 | 31420000 | 31213806 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.88 | 08/15/34 | 3600000 | 3551625 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.00 | 02/15/26 | 3000000 | 3001010 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.00 | 03/31/30 | 3200000 | 3243250 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.00 | 05/31/30 | 5210000 | 5280823 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.00 | 11/15/35 | 10000000 | 9878125 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.13 | 07/31/28 | 16500000 | 16751367 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.13 | 11/30/29 | 12500000 | 12725586 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.13 | 07/31/31 | 4200000 | 4273500 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.13 | 11/15/32 | 20000000 | 20259375 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.25 | 05/15/35 | 3970000 | 4011561 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.38 | 11/30/28 | 4900000 | 5013313 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.38 | 11/30/30 | 7500000 | 7723828 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.38 | 05/15/34 | 11300000 | 11570141 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.50 | 11/15/33 | 2500000 | 2586328 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AAA | 4.63 | 09/30/30 | 15000000 | 15603516 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.63 | 04/30/31 | 16000000 | 16672500 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.63 | 05/31/31 | 6900000 | 7190555 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.63 | 02/15/35 | 15100000 | 15708719 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.88 | 10/31/30 | 11500000 | 12092070 |
|  |  |  |  |  | 488258111 |
|  U.S. Government Agencies (8.2%) |  |  |  |  |  |
|  Mortgage-Backed Obligations (8.0%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.06 | 07/01/32 | 14525000 | 14328761 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.10 | 07/01/32 | 13524000 | 13369353 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.15 | 09/01/31 | 5663000 | 5644044 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.15 | 07/01/32 | 15000000 | 14859904 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.92 | 11/01/30 | 4770000 | 4725628 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.13 | 10/01/30 | 18904000 | 18898568 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.13 | 11/01/32 | 3126000 | 3087647 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — INTERMEDIATE BOND FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |  |  |
|  U.S. Government Agencies (Continued) |  |  |  |  |  |
|  Mortgage-Backed Obligations (Continued) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.25 | 11/01/32 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 | $9940575 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84854480 |
|  Non-Mortgage-Backed Obligations (0.2%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLB | AA+ | 5.00 | 10/22/32 | 2000000 | 1996458 |
|  |  |  |  |  | 1996458 |
|  Corporate Debt (45.0%) |  |  |  |  |  |
|  Basic Materials (0.5%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; International Flavors & Fragrances, Inc.† | BBB- | 1.83 | 10/15/27 | 5000000 | 4797570 |
|  |  |  |  |  | 4797570 |
|  Communications (2.9%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AT&T, Inc. | BBB | 2.75 | 06/01/31 | 5250000 | 4826362 |
| &nbsp;&nbsp;&nbsp;&nbsp; Meta Platforms, Inc. | AA- | 4.20 | 11/15/30 | 4000000 | 4012937 |
| &nbsp;&nbsp;&nbsp;&nbsp; Motorola Solutions, Inc. | BBB | 4.85 | 08/15/30 | 5000000 | 5103344 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sprint Capital Corp. | BBB- | 6.88 | 11/15/28 | 4500000 | 4831810 |
| &nbsp;&nbsp;&nbsp;&nbsp; T-Mobile USA, Inc. | BBB | 3.38 | 04/15/29 | 5085000 | 4959943 |
| &nbsp;&nbsp;&nbsp;&nbsp; Uber Technologies, Inc.† | BBB | 4.50 | 08/15/29 | 2250000 | 2254094 |
| &nbsp;&nbsp;&nbsp;&nbsp; VeriSign, Inc. | BBB | 2.70 | 06/15/31 | 300000 | 272901 |
| &nbsp;&nbsp;&nbsp;&nbsp; VeriSign, Inc. | BBB | 4.75 | 07/15/27 | 3500000 | 3500448 |
| &nbsp;&nbsp;&nbsp;&nbsp; Verizon Communications, Inc. | BBB+ | 4.75 | 01/15/33 | 1510000 | 1510565 |
|  |  |  |  |  | 31272404 |
|  Consumer, Cyclical (2.5%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AutoZone, Inc. | BBB | 6.25 | 11/01/28 | 3500000 | 3699753 |
| &nbsp;&nbsp;&nbsp;&nbsp; Darden Restaurants, Inc. | BBB | 3.85 | 05/01/27 | 2341000 | 2335334 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dick's Sporting Goods, Inc.† | BBB | 4.00 | 10/01/29 | 2300000 | 2256564 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC | BBB- | 6.80 | 11/07/28 | 2300000 | 2414281 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Motors Financial Co., Inc. | BBB | 3.10 | 01/12/32 | 1955000 | 1784896 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lennar Corp. | BBB | 5.00 | 06/15/27 | 3500000 | 3530160 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lowe's Cos., Inc. | BBB+ | 2.63 | 04/01/31 | 5300000 | 4864384 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lowe's Cos., Inc. | BBB+ | 4.50 | 10/15/32 | 300000 | 298709 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mattel, Inc.† | BBB | 5.88 | 12/15/27 | 1181000 | 1183607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Toll Brothers Finance Corp. | BBB | 4.88 | 03/15/27 | 3731000 | 3759931 |
|  |  |  |  |  | 26127619 |
|  Consumer, Non-cyclical (4.2%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AbbVie, Inc. | A- | 4.80 | 03/15/29 | 3500000 | 3588112 |
| &nbsp;&nbsp;&nbsp;&nbsp; AbbVie, Inc. | A- | 5.05 | 03/15/34 | 2200000 | 2263994 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amgen, Inc. | BBB+ | 5.15 | 03/02/28 | 4375000 | 4478456 |
| &nbsp;&nbsp;&nbsp;&nbsp; Block Financial LLC | BBB | 5.38 | 09/15/32 | 4180000 | 4212583 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bunge Ltd. Finance Corp. | A- | 2.75 | 05/14/31 | 4400000 | 4043991 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bunge Ltd. Finance Corp. | A- | 4.20 | 09/17/29 | 660000 | 660918 |
| &nbsp;&nbsp;&nbsp;&nbsp; Constellation Brands, Inc. | BBB | 4.80 | 01/15/29 | 2875000 | 2921873 |
| &nbsp;&nbsp;&nbsp;&nbsp; CVS Health Corp. | BBB | 3.25 | 08/15/29 | 2375000 | 2293304 |
| &nbsp;&nbsp;&nbsp;&nbsp; CVS Health Corp. | BBB | 5.40 | 06/01/29 | 2500000 | 2588313 |
| &nbsp;&nbsp;&nbsp;&nbsp; Elevance Health, Inc. | A- | 2.88 | 09/15/29 | 2900000 | 2765344 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equifax, Inc. | BBB | 4.80 | 09/15/29 | 4500000 | 4576546 |
| &nbsp;&nbsp;&nbsp;&nbsp; GE HealthCare Technologies, Inc. | BBB | 4.80 | 01/15/31 | 2500000 | 2548476 |
| &nbsp;&nbsp;&nbsp;&nbsp; Global Payments, Inc. | BBB- | 4.88 | 11/15/30 | 4000000 | 4006695 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — INTERMEDIATE BOND FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |  |  |
|  Corporate Debt (Continued) |  |  |  |  |  |
|  Consumer, Non-cyclical (Continued) |  |  |  |  |  |
|  J M Smucker Co. | BBB | 5.90 | 11/15/28 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3300000 | $3460291 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44408896 |
|  Energy (4.7%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Antero Resources Corp.† | BBB- | 5.38 | 03/01/30 | 2615000 | 2650476 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cheniere Energy Partners LP | BBB+ | 4.50 | 10/01/29 | 4934000 | 4949375 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diamondback Energy, Inc. | BBB | 5.15 | 01/30/30 | 2075000 | 2136395 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diamondback Energy, Inc. | BBB | 5.20 | 04/18/27 | 2500000 | 2537359 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy Transfer LP | BBB | 5.25 | 07/01/29 | 3465000 | 3568921 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy Transfer LP | BBB | 5.55 | 02/15/28 | 845000 | 867725 |
| &nbsp;&nbsp;&nbsp;&nbsp; EQT Corp. | BBB- | 3.90 | 10/01/27 | 1974000 | 1965264 |
| &nbsp;&nbsp;&nbsp;&nbsp; HF Sinclair Corp. | BBB- | 4.50 | 10/01/30 | 4000000 | 3939127 |
| &nbsp;&nbsp;&nbsp;&nbsp; HF Sinclair Corp. | BBB- | 5.75 | 01/15/31 | 1130000 | 1168594 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kinder Morgan, Inc. | BBB | 5.10 | 08/01/29 | 4495000 | 4625700 |
| &nbsp;&nbsp;&nbsp;&nbsp; MPLX LP | BBB | 4.25 | 12/01/27 | 4710000 | 4725948 |
| &nbsp;&nbsp;&nbsp;&nbsp; Occidental Petroleum Corp. | BB+ | 6.38 | 09/01/28 | 2180000 | 2285982 |
| &nbsp;&nbsp;&nbsp;&nbsp; ONEOK, Inc. | BBB | 4.40 | 10/15/29 | 1650000 | 1656423 |
| &nbsp;&nbsp;&nbsp;&nbsp; ONEOK, Inc.† | BBB | 5.63 | 01/15/28 | 2370000 | 2418919 |
| &nbsp;&nbsp;&nbsp;&nbsp; Plains All American Pipeline LP / PAA Finance Corp. | BBB | 4.70 | 01/15/31 | 1525000 | 1535427 |
| &nbsp;&nbsp;&nbsp;&nbsp; Targa Resources Partners LP / Targa Resources Partners Finance Corp. | BBB | 5.50 | 03/01/30 | 2415000 | 2456070 |
| &nbsp;&nbsp;&nbsp;&nbsp; Targa Resources Partners LP / Targa |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Resources Partners Finance Corp. | BBB | 6.88 | 01/15/29 | 2250000 | 2276828 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Midstream Operating LP | BBB- | 4.75 | 08/15/28 | 3738000 | 3784315 |
|  |  |  |  |  | 49548848 |
|  Financial (19.6%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alexandria Real Estate Equities, Inc. | BBB+ | 4.50 | 07/30/29 | 4700000 | 4704050 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alleghany Corp. | AA | 3.63 | 05/15/30 | 2200000 | 2151655 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Express Co.(1)(2) | A- | 4.92 | 07/20/33 | 3775000 | 3846577 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Express Co.(1)(2) | A- | 5.53 | 04/25/30 | 3060000 | 3194920 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Tower Corp. | BBB+ | 2.90 | 01/15/30 | 3900000 | 3706708 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Tower Corp. | BBB+ | 5.80 | 11/15/28 | 750000 | 783014 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aon North America, Inc. | A- | 5.15 | 03/01/29 | 4300000 | 4427855 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arthur J Gallagher & Co. | BBB | 4.60 | 12/15/27 | 3000000 | 3033326 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of America Corp.(1)(2) | A- | 2.97 | 02/04/33 | 2500000 | 2287816 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of America Corp.(1)(2) | A- | 3.97 | 03/05/29 | 3000000 | 2995630 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of America Corp.(1)(2) | A- | 5.20 | 04/25/29 | 7000000 | 7172872 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp.(1)(2) | A | 4.94 | 02/11/31 | 6500000 | 6687693 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp.(1)(2) | A | 5.06 | 07/22/32 | 675000 | 699616 |
| &nbsp;&nbsp;&nbsp;&nbsp; BankUnited, Inc. | BBB- | 5.13 | 06/11/30 | 1000000 | 1005473 |
| &nbsp;&nbsp;&nbsp;&nbsp; Boston Properties LP | BBB | 3.25 | 01/30/31 | 3100000 | 2909258 |
| &nbsp;&nbsp;&nbsp;&nbsp; Boston Properties LP | BBB | 4.50 | 12/01/28 | 2000000 | 2013742 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital One Financial Corp.(1)(2) | BBB | 4.93 | 05/10/28 | 1475000 | 1493199 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital One Financial Corp.(1)(2) | BBB | 6.31 | 06/08/29 | 3940000 | 4136554 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citigroup, Inc.(1)(2) | BBB+ | 3.98 | 03/20/30 | 9675000 | 9592852 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citigroup, Inc.(1)(2) | BBB+ | 4.79 | 03/04/29 | 2000000 | 2029501 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citizens Financial Group, Inc.(1)(2) | BBB+ | 5.84 | 01/23/30 | 4425000 | 4621130 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — INTERMEDIATE BOND FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |  |  |
|  Corporate Debt (Continued) |  |  |  |  |  |
|  Financial (Continued) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Digital Realty Trust LP | BBB+ | 5.55 | 01/15/28 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4543000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4669856 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equinix, Inc. | BBB+ | 3.20 | 11/18/29 | 3370000 | 3237493 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fifth Third Bancorp(1)(2) | BBB+ | 4.90 | 09/06/30 | 1600000 | 1626842 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fifth Third Bancorp(1)(2) | BBB+ | 6.34 | 07/27/29 | 2200000 | 2316817 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Horizon Bank | BBB | 5.75 | 05/01/30 | 2568000 | 2655569 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. | BBB+ | 2.60 | 02/07/30 | 2600000 | 2444644 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc.(1)(2) | BBB+ | 2.64 | 02/24/28 | 2935000 | 2889590 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc.(1)(2) | BBB+ | 3.10 | 02/24/33 | 6000000 | 5531109 |
| &nbsp;&nbsp;&nbsp;&nbsp; Host Hotels & Resorts LP | BBB- | 3.38 | 12/15/29 | 4100000 | 3935277 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase & Co.(1)(2) | A | 5.00 | 07/22/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10938164 |
| &nbsp;&nbsp;&nbsp;&nbsp; KeyBank N.A | BBB+ | 5.85 | 11/15/27 | 1000000 | 1030492 |
| &nbsp;&nbsp;&nbsp;&nbsp; KeyCorp. | BBB | 2.55 | 10/01/29 | 4325000 | 4087278 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kilroy Realty LP | BBB- | 4.25 | 08/15/29 | 2000000 | 1960739 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kimco Realty OP LLC | A- | 4.60 | 02/01/33 | 4917000 | 4916749 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liberty Mutual Group, Inc.† | BBB | 4.57 | 02/01/29 | 4600000 | 4625615 |
| &nbsp;&nbsp;&nbsp;&nbsp; Manufacturers & Traders Trust Co. | BBB+ | 3.40 | 08/17/27 | 4354000 | 4303395 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mercury General Corp. | BBB- | 4.40 | 03/15/27 | 3030000 | 3026852 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley(1)(2) | A- | 2.70 | 01/22/31 | 725000 | 680704 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley(1)(2) | A- | 4.43 | 01/23/30 | 2425000 | 2439756 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley(1)(2) | A- | 5.12 | 02/01/29 | 4670000 | 4767600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley(1)(2) | A- | 5.45 | 07/20/29 | 3920000 | 4046073 |
| &nbsp;&nbsp;&nbsp;&nbsp; NNN REIT, Inc. | BBB+ | 4.60 | 02/15/31 | 4460000 | 4491697 |
| &nbsp;&nbsp;&nbsp;&nbsp; PNC Bank N.A. | A- | 2.70 | 10/22/29 | 1500000 | 1417256 |
| &nbsp;&nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc.(1)(2) | A- | 2.31 | 04/23/32 | 3275000 | 2958864 |
| &nbsp;&nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc.(1)(2) | A- | 5.58 | 06/12/29 | 2895000 | 3002302 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prologis LP | A | 1.75 | 07/01/30 | 2420000 | 2178221 |
| &nbsp;&nbsp;&nbsp;&nbsp; Realty Income Corp. | A- | 4.70 | 12/15/28 | 5335000 | 5441368 |
| &nbsp;&nbsp;&nbsp;&nbsp; Synchrony Financial(1)(2) | BBB- | 5.02 | 07/29/29 | 2000000 | 2025598 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tanger Properties LP | BBB- | 2.75 | 09/01/31 | 1000000 | 905862 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tanger Properties LP | BBB- | 3.88 | 07/15/27 | 1655000 | 1646302 |
| &nbsp;&nbsp;&nbsp;&nbsp; Truist Financial Corp.(1)(2) | A- | 4.87 | 01/26/29 | 4300000 | 4367668 |
| &nbsp;&nbsp;&nbsp;&nbsp; Truist Financial Corp.(1)(2) | A- | 5.07 | 05/20/31 | 1580000 | 1623883 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Bancorp(1)(2) | A | 4.65 | 02/01/29 | 5240000 | 5306367 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Bancorp(1)(2) | A | 5.05 | 02/12/31 | 650000 | 668272 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Bancorp(1)(2) | A | 5.78 | 06/12/29 | 1340000 | 1393530 |
| &nbsp;&nbsp;&nbsp;&nbsp; Voya Financial, Inc. | BBB+ | 3.65 | 06/15/26 | 1945000 | 1939580 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo & Co.(1)(2) | BBB+ | 4.97 | 04/23/29 | 500000 | 509434 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo & Co.(1)(2) | BBB+ | 5.15 | 04/23/31 | 1500000 | 1548767 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo & Co.(1)(2) | BBB+ | 5.20 | 01/23/30 | 3000000 | 3091157 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo & Co.(1)(2) | BBB+ | 5.56 | 07/25/34 | 7200000 | 7555786 |
| &nbsp;&nbsp;&nbsp;&nbsp; Welltower OP LLC | A- | 2.75 | 01/15/31 | 2130000 | 1982795 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zions Bancorp N.A. | BBB | 3.25 | 10/29/29 | 5119000 | 4822922 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208501686 |
|  Industrial (5.0%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Arrow Electronics, Inc. | BBB- | 5.15 | 08/21/29 | 2819000 | 2886115 |
| &nbsp;&nbsp;&nbsp;&nbsp; Boeing Co. | BBB- | 3.20 | 03/01/29 | 4815000 | 4667422 |
| &nbsp;&nbsp;&nbsp;&nbsp; CH Robinson Worldwide, Inc. | BBB+ | 4.20 | 04/15/28 | 2400000 | 2407551 |
| &nbsp;&nbsp;&nbsp;&nbsp; Flex Ltd. | BBB- | 4.88 | 06/15/29 | 4220000 | 4281612 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — INTERMEDIATE BOND FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |  |  |
|  Corporate Debt (Continued) |  |  |  |  |  |
|  Industrial (Continued) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; General Electric Co. | A- | 4.30 | 07/29/30 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2115000 | $2133633 |
| &nbsp;&nbsp;&nbsp;&nbsp; Howmet Aerospace, Inc. | BBB+ | 3.00 | 01/15/29 | 4200000 | 4074008 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jabil, Inc. | BBB- | 3.95 | 01/12/28 | 4500000 | 4489313 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3Harris Technologies, Inc. | BBB | 1.80 | 01/15/31 | 4000000 | 3533966 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lennox International, Inc. | BBB | 1.70 | 08/01/27 | 3796000 | 3661265 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lockheed Martin Corp. | A- | 4.40 | 08/15/30 | 5000000 | 5053677 |
| &nbsp;&nbsp;&nbsp;&nbsp; Otis Worldwide Corp. | BBB | 5.13 | 11/19/31 | 4800000 | 4982851 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rockwell Collins, Inc. | BBB+ | 3.50 | 03/15/27 | 4225000 | 4191200 |
| &nbsp;&nbsp;&nbsp;&nbsp; Teledyne Technologies, Inc. | BBB | 2.75 | 04/01/31 | 2375000 | 2200114 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vulcan Materials Co. | BBB+ | 4.95 | 12/01/29 | 4460000 | 4580907 |
|  |  |  |  |  | 53143634 |
|  Technology (2.2%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co. | BBB | 4.55 | 10/15/29 | 4030000 | 4063130 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intel Corp. | BBB | 5.20 | 02/10/33 | 4500000 | 4589128 |
| &nbsp;&nbsp;&nbsp;&nbsp; Microchip Technology, Inc. | BBB | 4.90 | 03/15/28 | 3500000 | 3549655 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oracle Corp. | BBB | 4.50 | 05/06/28 | 4503000 | 4499291 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paychex, Inc. | BBB+ | 5.10 | 04/15/30 | 3515000 | 3618913 |
| &nbsp;&nbsp;&nbsp;&nbsp; Synopsys, Inc. | BBB | 5.00 | 04/01/32 | 2900000 | 2963369 |
|  |  |  |  |  | 23283486 |
|  Utilities (3.4%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; American Electric Power Co., Inc. | BBB | 5.20 | 01/15/29 | 4565000 | 4708300 |
| &nbsp;&nbsp;&nbsp;&nbsp; Black Hills Corp. | BBB+ | 3.15 | 01/15/27 | 4500000 | 4457723 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dominion Energy, Inc. | A | 2.30 | 12/01/31 | 5338000 | 4766606 |
| &nbsp;&nbsp;&nbsp;&nbsp; DTE Energy Co. | BBB | 5.10 | 03/01/29 | 4660000 | 4779538 |
| &nbsp;&nbsp;&nbsp;&nbsp; Duke Energy Corp. | BBB | 4.85 | 01/05/29 | 4400000 | 4491248 |
| &nbsp;&nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc. | BBB+ | 3.55 | 05/01/27 | 3210000 | 3192335 |
| &nbsp;&nbsp;&nbsp;&nbsp; NiSource, Inc. | BBB+ | 5.20 | 07/01/29 | 4350000 | 4486269 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southern Co. | BBB+ | 3.70 | 04/30/30 | 5000000 | 4886017 |
|  |  |  |  |  | 35768036 |
|  Total Corporate Debt |  |  |  |  | 476852179 |
|  Total Long-Term Debt Securities<br>(Cost: $1,044,586,508) |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1051961228 |
|  |  |  | **Rate(%)** | **Face Amount** | **Value** |
|  **TEMPORARY CASH INVESTMENT (0.0%)(3)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Securities Cash Management, Institutional Shares |  |  | 3.63 | $471215 | $471215 |
|  Total Temporary Cash Investment<br>(Cost: $471,215) |  |  |  |  | 471215 |
|  Total Investments<br>(Cost: $1,045,057,723) 99.2% |  |  |  |  | 1052432443 |
|  Other Net Assets 0.8% |  |  |  |  | 8561540 |
|  Net Assets 100.0% |  |  |  |  | $1060993983 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — INTERMEDIATE BOND FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
Abbreviations:

---

| | |
|:---|:---|
| FHLB = | Federal Home Loan Bank |
| FHLMC = | Federal Home Loan Mortgage Corporation |
| FNMA = | Federal National Mortgage Association |

---

\*\* Ratings as per Standard & Poor's Corporation (unaudited).

† Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At December 31, 2025, the aggregate values of these securities amount to $20,186,845 and represent 1.9% of net assets.

(1) Variable Rate; rate shown is effective rate at period-end. The rates for certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and based on current market conditions.

(2) Security is a fix-to-float security, which carries a fixed coupon until a certain date, upon which it switches to a floating rate. Reference rate and spread are provided if the rate is currently floating.

(3) Percentage is less than 0.05%.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CORE BOND FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (99.2%):** |  |  |  |  |  |
|  U.S. Government (21.7%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 1.13 | 05/15/40 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71625000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45638555 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 1.13 | 08/15/40 | 46250000 | 29159180 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 1.38 | 11/15/40 | 22500000 | 14663672 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 2.25 | 08/15/46 | 29985000 | 19813526 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 2.75 | 08/15/47 | 9790000 | 7022795 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 2.88 | 05/15/43 | 200000 | 155813 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 2.88 | 05/15/49 | 7500000 | 5404688 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 3.63 | 02/15/53 | 23570000 | 19169039 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 4.00 | 11/15/52 | 25665000 | 22352611 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 4.13 | 08/15/53 | 42025000 | 37362852 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 4.25 | 02/15/54 | 11530000 | 10470681 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bond | AA+ | 4.63 | 05/15/44 | 3500000 | 3449687 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 0.38 | 01/31/26 | 1000000 | 997316 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 2.63 | 01/31/26 | 3000000 | 2997473 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.50 | 11/30/30 | 36000000 | 35673750 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.63 | 03/31/30 | 24820000 | 24794792 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.63 | 08/31/30 | 13200000 | 13165969 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.63 | 10/31/30 | 2785000 | 2776079 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.75 | 11/30/32 | 3000000 | 2970000 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.88 | 06/30/30 | 16975000 | 17118227 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.88 | 08/31/32 | 33470000 | 33433392 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.88 | 09/30/32 | 19500000 | 19469531 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.88 | 08/15/33 | 18100000 | 17981219 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 3.88 | 08/15/34 | 7000000 | 6905937 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.00 | 02/15/26 | 4000000 | 4001346 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.00 | 05/31/30 | 14126000 | 14318025 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.13 | 05/31/32 | 1715000 | 1740055 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.13 | 11/15/32 | 7800000 | 7901156 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.25 | 05/15/35 | 15111000 | 15269193 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.50 | 12/31/31 | 8000000 | 8290000 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Note | AA+ | 4.63 | 02/15/35 | 2100000 | 2184656 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Strip(1) | AA+ | 0.00 | 08/15/33 | 9790000 | 7162572 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Strip(1) | AA+ | 0.00 | 08/15/35 | 9790000 | 6474535 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Strip(1) | AA+ | 0.00 | 08/15/37 | 9790000 | 5815543 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Strip(1) | AA+ | 0.00 | 02/15/42 | 21575000 | 9806113 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Strip(1) | AA+ | 0.00 | 08/15/48 | 10160000 | 3242719 |
|  |  |  |  |  | 479152697 |
|  U.S. Government Agencies (34.3%) |  |  |  |  |  |
|  Mortgage-Backed Obligations (34.0%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 1.50 | 10/01/36 | 3100769 | 2814447 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.00 | 02/01/51 | 3113564 | 2576396 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.50 | 09/01/27 | 94465 | 93239 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.50 | 12/01/27 | 95387 | 93968 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.50 | 06/01/35 | 1282030 | 1224655 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.50 | 05/01/42 | 11382732 | 10249305 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.50 | 10/01/49 | 1530381 | 1312843 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.50 | 01/01/50 | 1809580 | 1552358 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.50 | 04/01/50 | 13298951 | 11310096 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.50 | 05/01/50 | 2813356 | 2432138 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CORE BOND FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |  |  |
|  U.S. Government Agencies (Continued) |  |  |  |  |  |
|  Mortgage-Backed Obligations (Continued) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.50 | 06/01/50 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3697694 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3172311 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.50 | 02/01/51 | 1460687 | 1266311 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.50 | 04/01/51 | 3721451 | 3216450 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.50 | 05/01/51 | 13351851 | 11534190 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.50 | 09/01/51 | 3368707 | 2898508 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.50 | 10/01/51 | 2610758 | 2226036 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 2.50 | 11/01/51 | 2385175 | 2048986 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 06/01/27 | 55117 | 54630 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 08/01/27 | 3520 | 3505 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 02/01/32 | 950981 | 933772 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 07/01/42 | 147826 | 136928 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 11/01/42 | 354272 | 325325 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 03/01/43 | 632685 | 582468 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 04/01/43 | 7305685 | 6762147 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 09/01/43 | 30697 | 30562 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 04/01/44 | 174698 | 167202 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 04/01/45 | 8976 | 8949 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 09/01/46 | 2472808 | 2218513 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 11/01/46 | 226630 | 203576 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 05/01/49 | 1778858 | 1598155 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 11/01/49 | 2971308 | 2669472 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 12/01/49 | 1203056 | 1080840 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 02/01/50 | 1623806 | 1458853 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 11/01/50 | 2402765 | 2149028 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 04/01/51 | 1145687 | 1024521 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 10/01/51 | 9179241 | 8133014 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.00 | 06/01/52 | 5908795 | 5287660 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 02/01/35 | 800756 | 786315 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 02/01/36 | 255032 | 249555 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 11/01/39 | 1545115 | 1498836 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 01/01/41 | 275407 | 264387 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 05/01/42 | 18784 | 17938 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 07/01/42 | 744752 | 714826 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 01/01/43 | 17751 | 16951 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 04/01/43 | 12621 | 12039 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 06/01/43 | 519580 | 494930 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 08/01/43 | 790891 | 778947 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 11/01/43 | 42631 | 40711 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 01/01/44 | 6760744 | 6448718 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 04/01/45 | 640650 | 608742 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 07/01/45 | 839518 | 798798 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 09/01/45 | 381029 | 361806 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 11/01/45 | 1498735 | 1426922 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 08/01/46 | 1349479 | 1276028 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 12/01/47 | 374288 | 351771 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 02/01/50 | 995700 | 938322 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 3.50 | 09/01/50 | 1940600 | 1816136 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 05/01/26 | 1918 | 1911 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CORE BOND FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |  |  |
|  U.S. Government Agencies (Continued) |  |  |  |  |  |
|  Mortgage-Backed Obligations (Continued) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 12/01/33 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333342 | $&nbsp;&nbsp;&nbsp;&nbsp;331821 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 01/01/38 | 977429 | 970980 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 01/01/40 | 460286 | 459792 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 03/01/41 | 5268 | 5177 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 07/01/41 | 246995 | 242483 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 11/01/42 | 4896 | 4795 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 10/01/44 | 1174331 | 1140126 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 02/01/45 | 1525442 | 1496055 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 06/01/45 | 23861 | 23206 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 05/01/47 | 280957 | 271671 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 02/01/48 | 253897 | 245496 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 05/01/48 | 107459 | 103606 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 04/01/52 | 3240295 | 3105650 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 06/01/52 | 3798159 | 3649433 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.00 | 08/01/52 | 4156844 | 3993429 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.23 | 05/01/30 | 7361000 | 7373336 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.25 | 12/01/29 | 3250000 | 3261760 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.50 | 03/01/34 | 1915 | 1934 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.50 | 09/01/41 | 5035 | 5052 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.50 | 02/01/44 | 41964 | 41891 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 4.50 | 05/01/48 | 1109784 | 1102397 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.00 | 02/01/26 | 13 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.00 | 10/01/40 | 161996 | 165845 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.00 | 09/01/47 | 172400 | 172911 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.00 | 01/01/52 | 7100134 | 7127762 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.00 | 04/01/52 | 2863869 | 2879589 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.00 | 06/01/52 | 7585985 | 7618780 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.00 | 07/01/52 | 3689842 | 3710527 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.00 | 12/01/52 | 15586384 | 15729358 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.00 | 06/01/54 | 1002998 | 1006168 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.00 | 12/01/55 | 11000000 | 10997934 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.50 | 07/01/32 | 991 | 1018 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.50 | 01/01/33 | 35012 | 35900 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.50 | 05/01/33 | 504 | 522 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.50 | 06/01/37 | 6880 | 7174 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.50 | 09/01/47 | 2174035 | 2197783 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.50 | 06/01/53 | 3955698 | 4040644 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 5.50 | 07/01/53 | 33081953 | 33793653 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 6.00 | 07/01/29 | 10586 | 10714 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 6.00 | 09/01/53 | 2476750 | 2562936 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 6.00 | 02/01/54 | 6568186 | 6786205 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 6.50 | 12/01/52 | 5259350 | 5541933 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 7.00 | 10/01/54 | 2123211 | 2255693 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC | AA+ | 7.00 | 11/01/54 | 3576851 | 3825091 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC ARM RFUCCT1Y + 1.78%(2) | AA+ | 6.78 | 04/01/37 | 15819 | 16078 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC ARM SOFR30A + 2.29%(2) | AA+ | 1.93 | 10/01/51 | 10178390 | 9278991 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC ARM SOFR30A + 2.33%(2) | AA+ | 4.41 | 04/01/53 | 6380690 | 6332783 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC Strip | AA+ | 3.00 | 06/01/42 | 3531072 | 3298886 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CORE BOND FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |  |  |
|  U.S. Government Agencies (Continued) |  |  |  |  |  |
|  Mortgage-Backed Obligations (Continued) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC Strip | AA+ | 3.00 | 01/01/43 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;549156 | $&nbsp;&nbsp;&nbsp;&nbsp;510801 |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLMC Strip | AA+ | 3.50 | 10/01/47 | 343931 | 321505 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 1.00 | 08/01/36 | 628200 | 552103 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 1.00 | 12/01/36 | 661929 | 580090 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.00 | 07/01/36 | 17573807 | 16431019 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.00 | 09/01/50 | 7113013 | 5823541 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.00 | 10/01/50 | 6120390 | 5061920 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.00 | 12/01/50 | 3131657 | 2537103 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.00 | 02/01/51 | 7775786 | 6299147 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.00 | 03/01/51 | 13252007 | 10838551 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.00 | 08/01/51 | 2245146 | 1832102 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.00 | 12/01/51 | 16834699 | 13714070 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.16 | 02/01/32 | 5000000 | 4416909 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.34 | 05/01/36 | 9172525 | 7642244 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 01/01/33 | 107755 | 103713 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 02/01/33 | 333471 | 320808 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 05/01/35 | 309789 | 296044 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 06/01/35 | 2308019 | 2204728 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 07/01/35 | 2354304 | 2248741 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 09/01/35 | 2176926 | 2077828 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 04/01/42 | 10849712 | 9775239 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 05/01/42 | 4102627 | 3711021 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 06/01/42 | 7381730 | 6646700 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 05/01/43 | 758563 | 672550 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 10/01/50 | 851241 | 736386 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 03/01/51 | 10305890 | 8921461 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 04/01/51 | 15075127 | 12953576 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 05/01/51 | 18075311 | 15634662 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 06/01/51 | 1676244 | 1431832 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 03/01/52 | 3958975 | 3372361 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 04/01/52 | 4403088 | 3779073 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.50 | 05/01/52 | 1659529 | 1422694 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 2.77 | 03/01/32 | 5122000 | 4700184 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 06/01/33 | 356816 | 347097 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 07/01/33 | 485315 | 471965 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 09/01/33 | 561817 | 546101 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 03/01/36 | 589434 | 566698 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 09/01/40 | 679028 | 639263 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 12/01/42 | 377324 | 348573 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 02/01/43 | 9555 | 8849 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 03/01/43 | 8528 | 7876 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 09/01/43 | 135249 | 124512 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 02/01/45 | 722946 | 664975 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 03/01/45 | 199283 | 180130 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 09/01/46 | 1272379 | 1156606 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 01/01/47 | 251112 | 225567 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 12/01/47 | 126553 | 114690 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 03/01/48 | 248420 | 224358 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CORE BOND FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |  |  |
|  U.S. Government Agencies (Continued) |  |  |  |  |  |
|  Mortgage-Backed Obligations (Continued) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 03/01/50 | $&nbsp;&nbsp;&nbsp;&nbsp;1075492 | $&nbsp;&nbsp;&nbsp;&nbsp;964918 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 05/01/50 | 1739027 | 1568521 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 06/01/50 | 3538863 | 3171734 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 08/01/50 | 2070761 | 1854010 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 01/01/52 | 8886499 | 7923041 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.00 | 04/01/52 | 28009846 | 24817353 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.03 | 04/01/34 | 8507800 | 7718237 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.10 | 06/01/29 | 9800000 | 9499915 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 03/01/32 | 155031 | 153295 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 09/01/32 | 17147 | 16937 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 07/01/34 | 293127 | 289140 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 10/01/34 | 441461 | 433654 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 02/01/35 | 373768 | 366752 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 08/01/38 | 12709 | 12109 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 10/01/40 | 25679 | 24490 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 03/01/41 | 429832 | 413362 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 10/01/41 | 359178 | 341259 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 12/01/41 | 281995 | 267927 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 04/01/42 | 648099 | 614188 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 08/01/42 | 16029 | 15289 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 12/01/42 | 385979 | 367215 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 01/01/43 | 380126 | 361798 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 04/01/43 | 82222 | 77833 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 08/01/43 | 2097796 | 1996783 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 10/01/43 | 185121 | 175925 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 08/01/44 | 943563 | 880505 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 04/01/45 | 1768544 | 1685919 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 05/01/45 | 836512 | 794311 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 10/01/45 | 971917 | 924096 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 02/01/46 | 1804529 | 1699088 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 08/01/46 | 519576 | 491562 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 10/01/46 | 142513 | 133661 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 12/01/46 | 217143 | 204990 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 01/01/47 | 268600 | 251915 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 09/01/47 | 1030428 | 974342 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 11/01/47 | 4602967 | 4326045 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 04/01/48 | 114556 | 108599 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 03/01/50 | 1900359 | 1786334 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 06/01/51 | 6138750 | 5705978 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 01/01/52 | 2592174 | 2410988 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 02/01/52 | 5507721 | 5122747 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.50 | 05/01/52 | 4018370 | 3753893 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 3.75 | 08/01/28 | 5079602 | 5051913 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 01/01/31 | 50611 | 50600 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 03/01/35 | 97842 | 97202 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 06/01/36 | 217988 | 216727 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 10/01/36 | 232492 | 231160 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 10/01/40 | 273938 | 268914 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CORE BOND FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |  |  |
|  U.S. Government Agencies (Continued) |  |  |  |  |  |
|  Mortgage-Backed Obligations (Continued) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 11/01/40 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6075 | $&nbsp;&nbsp;&nbsp;&nbsp;5964 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 01/01/41 | 18798 | 18455 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 05/01/41 | 164618 | 160837 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 05/01/43 | 1656250 | 1625870 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 01/01/44 | 3233635 | 3163306 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 09/01/45 | 133780 | 130110 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 11/01/45 | 318161 | 309803 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 02/01/47 | 1025604 | 997188 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 11/01/47 | 455286 | 440226 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 04/01/48 | 172402 | 166219 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 04/01/49 | 4705720 | 4536960 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 03/01/50 | 3073404 | 2950373 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 03/01/52 | 1717433 | 1653700 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 07/01/52 | 3397210 | 3269037 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.00 | 07/01/56 | 2984798 | 2866059 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 05/01/30 | 36066 | 36320 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 05/01/34 | 1549 | 1563 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 06/01/34 | 1065 | 1074 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 08/01/35 | 1686 | 1700 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 05/01/39 | 407468 | 409477 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 12/01/39 | 940639 | 948783 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 05/01/40 | 171381 | 172070 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 07/01/40 | 714067 | 716185 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 10/01/40 | 140368 | 141280 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 11/01/40 | 4896124 | 4904431 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 03/01/44 | 361078 | 360025 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 04/01/44 | 608086 | 606311 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 11/01/47 | 2479451 | 2463803 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 02/01/49 | 316970 | 314860 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 4.50 | 05/01/50 | 6855793 | 6804840 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 06/01/33 | 1783 | 1819 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 09/01/33 | 7072 | 7217 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 10/01/33 | 2134 | 2177 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 11/01/33 | 2686 | 2741 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 03/01/34 | 530 | 540 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 04/01/34 | 1374 | 1404 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 04/01/35 | 1346 | 1377 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 06/01/35 | 600 | 614 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 09/01/35 | 867 | 887 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 10/01/36 | 1083 | 1108 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 08/01/37 | 1009637 | 1031743 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 05/01/39 | 127755 | 130780 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 06/01/40 | 2411 | 2468 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 09/01/52 | 10561542 | 10613370 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 10/01/52 | 1498956 | 1505964 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 11/01/52 | 2800395 | 2833268 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.00 | 07/01/53 | 5384599 | 5423739 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.50 | 11/01/26 | 1914 | 1916 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CORE BOND FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |  |  |
|  U.S. Government Agencies (Continued) |  |  |  |  |  |
|  Mortgage-Backed Obligations (Continued) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.50 | 03/01/33 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52273 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53660 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.50 | 02/01/37 | 3558 | 3640 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.50 | 05/01/38 | 1008317 | 1049941 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.50 | 06/01/48 | 22657 | 23392 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.50 | 08/01/51 | 7264812 | 7328747 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.50 | 06/01/52 | 997369 | 1019529 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.50 | 03/01/53 | 7839046 | 7986220 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.50 | 04/01/53 | 2537837 | 2592739 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.50 | 07/01/54 | 1633265 | 1658312 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.50 | 10/01/54 | 7631674 | 7797132 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 5.50 | 02/01/55 | 8450853 | 8612530 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 03/01/28 | 10404 | 10549 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 05/01/32 | 32628 | 33961 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 04/01/33 | 77905 | 81470 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 05/01/33 | 1810 | 1893 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 09/01/34 | 361 | 379 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 10/01/34 | 2685 | 2820 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 03/01/36 | 5544 | 5875 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 01/01/37 | 18877 | 20006 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 05/01/37 | 6110 | 6499 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 08/01/37 | 31128 | 33108 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 12/01/37 | 12874 | 13693 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 11/01/52 | 3912139 | 4079634 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 09/01/53 | 9338033 | 9751714 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 03/01/54 | 7869854 | 8145692 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.00 | 09/01/54 | 15030006 | 15470510 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.50 | 05/01/32 | 50737 | 53530 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.50 | 07/01/34 | 456 | 486 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.50 | 09/01/34 | 286 | 305 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.50 | 09/01/36 | 6980 | 7482 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.50 | 05/01/37 | 66990 | 72063 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.50 | 07/01/37 | 3719 | 4001 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 6.50 | 02/01/54 | 3429476 | 3588153 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 7.00 | 04/01/32 | 91 | 96 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 7.00 | 10/01/54 | 1993522 | 2131876 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 7.50 | 06/01/31 | 43 | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 7.50 | 02/01/32 | 237 | 252 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 7.50 | 06/01/32 | 11469 | 12338 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA | AA+ | 8.00 | 04/01/32 | 11354 | 11855 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA ARM SOFR30A + 2.29%(2) | AA+ | 4.39 | 02/01/53 | 7245691 | 7224455 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA ARM SOFR30A + 2.37%(2) | AA+ | 1.81 | 09/01/51 | 9050542 | 8254610 |
| &nbsp;&nbsp;&nbsp;&nbsp; FNMA Strip | AA+ | 3.00 | 08/01/42 | 346565 | 323991 |
| &nbsp;&nbsp;&nbsp;&nbsp; FRESB Multifamily Mortgage(3) | AA+ | 2.37 | 10/01/26 | 582891 | 575941 |
| &nbsp;&nbsp;&nbsp;&nbsp; FRESB Multifamily Mortgage(3) | AA+ | 3.61 | 10/01/28 | 507691 | 503435 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 1.50 | 07/01/36 | 2334777 | 2137364 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 1.50 | 02/01/37 | 2417684 | 2206621 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 2.00 | 04/01/32 | 300279 | 286539 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 2.00 | 09/01/35 | 990247 | 931317 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CORE BOND FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |  |  |
|  U.S. Government Agencies (Continued) |  |  |  |  |  |
|  Mortgage-Backed Obligations (Continued) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 2.00 | 09/01/50 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1668052 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1338812 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 2.50 | 12/01/50 | 3949288 | 3387320 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 2.50 | 10/01/51 | 7282304 | 6276941 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 2.50 | 08/01/52 | 9346342 | 8077734 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 2.50 | 03/01/53 | 14285779 | 12352340 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 2.50 | 06/01/53 | 6183279 | 5346146 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 3.00 | 01/01/46 | 691508 | 622837 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 3.00 | 02/01/47 | 850742 | 773128 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 3.00 | 10/01/51 | 5339076 | 4765191 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 3.00 | 08/01/52 | 4600688 | 4143444 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 3.50 | 02/01/42 | 239330 | 224299 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 3.50 | 07/01/42 | 731662 | 689776 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 3.50 | 11/01/42 | 152267 | 143558 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 3.50 | 03/01/45 | 681488 | 637387 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 3.50 | 05/01/45 | 567699 | 530904 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 3.50 | 12/01/50 | 318543 | 292983 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 3.70 | 05/01/42 | 351791 | 335587 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 4.00 | 03/01/41 | 138239 | 134719 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 4.00 | 11/01/41 | 201684 | 196568 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 4.00 | 01/01/42 | 19942 | 19432 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 4.00 | 08/01/42 | 218456 | 212887 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 4.25 | 04/01/41 | 272270 | 269001 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 4.50 | 06/01/30 | 311 | 310 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 4.50 | 09/01/30 | 101892 | 102691 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 4.50 | 04/01/31 | 2999 | 3022 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 4.50 | 06/01/34 | 50300 | 50679 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 4.50 | 09/01/40 | 161721 | 162251 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 4.50 | 10/01/40 | 300871 | 301857 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 4.50 | 10/01/43 | 7856 | 7839 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 5.00 | 06/01/39 | 315086 | 323467 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 5.00 | 05/01/40 | 31401 | 32175 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 5.00 | 06/01/40 | 19636 | 20117 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 5.50 | 01/01/36 | 21660 | 21934 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 6.50 | 04/01/31 | 3643 | 3764 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 6.50 | 10/01/31 | 90 | 94 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 6.50 | 12/01/31 | 1187 | 1189 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 6.50 | 05/01/32 | 5535 | 5661 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 7.00 | 05/01/31 | 91 | 96 |
| &nbsp;&nbsp;&nbsp;&nbsp; GNMA(4) | AA+ | 7.00 | 05/01/32 | 56 | 56 |
|  |  |  |  |  | 752454624 |
|  Non-Mortgage-Backed Obligations (0.3%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; FHLB | AA+ | 5.00 | 10/22/32 | 5875000 | 5864597 |
|  |  |  |  |  | 5864597 |
|  Corporate Debt (43.2%) |  |  |  |  |  |
|  Basic Materials (0.4%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; International Flavors & Fragrances, Inc.† | BBB- | 1.83 | 10/15/27 | 9112000 | 8743091 |
|  |  |  |  |  | 8743091 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CORE BOND FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |  |  |
|  Corporate Debt (Continued) |  |  |  |  |  |
|  Communications (2.7%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AT&T, Inc. | BBB | 2.75 | 06/01/31 | $&nbsp;&nbsp;&nbsp;&nbsp;12275000 | $&nbsp;&nbsp;&nbsp;&nbsp;11284494 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expedia Group, Inc. | BBB | 5.40 | 02/15/35 | 5500000 | 5651890 |
| &nbsp;&nbsp;&nbsp;&nbsp; Meta Platforms, Inc. | AA- | 4.88 | 11/15/35 | 9605000 | 9608751 |
| &nbsp;&nbsp;&nbsp;&nbsp; Motorola Solutions, Inc. | BBB | 5.55 | 08/15/35 | 4810000 | 5006187 |
| &nbsp;&nbsp;&nbsp;&nbsp; T-Mobile USA, Inc. | BBB | 2.70 | 03/15/32 | 6110000 | 5501392 |
| &nbsp;&nbsp;&nbsp;&nbsp; T-Mobile USA, Inc. | BBB | 3.38 | 04/15/29 | 5230000 | 5101377 |
| &nbsp;&nbsp;&nbsp;&nbsp; Uber Technologies, Inc.† | BBB | 4.50 | 08/15/29 | 5525000 | 5535053 |
| &nbsp;&nbsp;&nbsp;&nbsp; VeriSign, Inc. | BBB | 2.70 | 06/15/31 | 10304000 | 9373240 |
| &nbsp;&nbsp;&nbsp;&nbsp; Verizon Communications, Inc. | BBB+ | 4.75 | 01/15/33 | 3360000 | 3361257 |
|  |  |  |  |  | 60423641 |
|  Consumer, Cyclical (2.0%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AutoZone, Inc. | BBB | 3.75 | 04/18/29 | 1795000 | 1769389 |
| &nbsp;&nbsp;&nbsp;&nbsp; AutoZone, Inc. | BBB | 6.25 | 11/01/28 | 6195000 | 6548563 |
| &nbsp;&nbsp;&nbsp;&nbsp; Darden Restaurants, Inc. | BBB | 3.85 | 05/01/27 | 5280000 | 5267221 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC | BBB- | 6.80 | 11/07/28 | 5200000 | 5458374 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Motors Financial Co., Inc. | BBB | 3.10 | 01/12/32 | 4840000 | 4418872 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lennar Corp. | BBB | 5.00 | 06/15/27 | 3051000 | 3077291 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lowe's Cos., Inc. | BBB+ | 2.63 | 04/01/31 | 5580000 | 5121370 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lowe's Cos., Inc. | BBB+ | 4.50 | 10/15/32 | 6450000 | 6422237 |
| &nbsp;&nbsp;&nbsp;&nbsp; Toll Brothers Finance Corp. | BBB | 4.88 | 03/15/27 | 6115000 | 6162417 |
|  |  |  |  |  | 44245734 |
|  Consumer, Non-cyclical (4.4%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AbbVie, Inc. | A- | 5.05 | 03/15/34 | 16390000 | 16866752 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amgen, Inc. | BBB+ | 5.25 | 03/02/33 | 10925000 | 11319672 |
| &nbsp;&nbsp;&nbsp;&nbsp; Block Financial LLC | BBB | 5.38 | 09/15/32 | 6555000 | 6606096 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bunge Ltd. Finance Corp. | A- | 2.75 | 05/14/31 | 8115000 | 7458407 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bunge Ltd. Finance Corp. | A- | 4.20 | 09/17/29 | 4125000 | 4130737 |
| &nbsp;&nbsp;&nbsp;&nbsp; Constellation Brands, Inc. | BBB | 4.80 | 01/15/29 | 7450000 | 7571462 |
| &nbsp;&nbsp;&nbsp;&nbsp; CVS Health Corp. | BBB | 3.75 | 04/01/30 | 9660000 | 9434695 |
| &nbsp;&nbsp;&nbsp;&nbsp; CVS Health Corp. | BBB | 5.40 | 06/01/29 | 2045000 | 2117240 |
| &nbsp;&nbsp;&nbsp;&nbsp; Elevance Health, Inc. | A- | 2.88 | 09/15/29 | 7245000 | 6908593 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equifax, Inc. | BBB | 4.80 | 09/15/29 | 8650000 | 8797137 |
| &nbsp;&nbsp;&nbsp;&nbsp; Global Payments, Inc. | BBB- | 5.20 | 11/15/32 | 6730000 | 6735928 |
| &nbsp;&nbsp;&nbsp;&nbsp; J M Smucker Co. | BBB | 6.20 | 11/15/33 | 7890000 | 8562349 |
|  |  |  |  |  | 96509068 |
|  Energy (4.5%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Antero Resources Corp.† | BBB- | 7.63 | 02/01/29 | 3318000 | 3368813 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cheniere Energy Partners LP | BBB+ | 4.50 | 10/01/29 | 10865000 | 10898858 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diamondback Energy, Inc. | BBB | 5.15 | 01/30/30 | 10942000 | 11265751 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy Transfer LP | BBB | 5.25 | 07/01/29 | 3400000 | 3501971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Energy Transfer LP | BBB | 5.55 | 02/15/28 | 7215000 | 7409039 |
| &nbsp;&nbsp;&nbsp;&nbsp; EQT Corp. | BBB- | 3.90 | 10/01/27 | 6693000 | 6663380 |
| &nbsp;&nbsp;&nbsp;&nbsp; HF Sinclair Corp. | BBB- | 4.50 | 10/01/30 | 9021000 | 8883716 |
| &nbsp;&nbsp;&nbsp;&nbsp; HF Sinclair Corp. | BBB- | 5.75 | 01/15/31 | 2450000 | 2533677 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kinder Morgan, Inc. | BBB | 5.10 | 08/01/29 | 10870000 | 11186064 |
| &nbsp;&nbsp;&nbsp;&nbsp; Occidental Petroleum Corp. | BB+ | 6.38 | 09/01/28 | 5300000 | 5557663 |
| &nbsp;&nbsp;&nbsp;&nbsp; ONEOK, Inc. | BBB | 4.40 | 10/15/29 | 2260000 | 2268798 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CORE BOND FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |  |  |
|  Corporate Debt (Continued) |  |  |  |  |  |
|  Energy (Continued) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; ONEOK, Inc.† | BBB | 5.63 | 01/15/28 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5510000 | $&nbsp;&nbsp;&nbsp;&nbsp;5623732 |
| &nbsp;&nbsp;&nbsp;&nbsp; Plains All American Pipeline LP / PAA |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Finance Corp. | BBB | 4.70 | 01/15/31 | 3340000 | 3362836 |
| &nbsp;&nbsp;&nbsp;&nbsp; Targa Resources Partners LP / Targa |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Resources Partners Finance Corp. | BBB | 5.50 | 03/01/30 | 3912000 | 3978528 |
| &nbsp;&nbsp;&nbsp;&nbsp; Targa Resources Partners LP / Targa |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Resources Partners Finance Corp. | BBB | 6.88 | 01/15/29 | 3125000 | 3162261 |
| &nbsp;&nbsp;&nbsp;&nbsp; Western Midstream Operating LP | BBB- | 4.75 | 08/15/28 | 9150000 | 9263372 |
|  |  |  |  |  | 98928459 |
|  Financial (20.1%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alexandria Real Estate Equities, Inc. | BBB+ | 4.75 | 04/15/35 | 11253000 | 10851646 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alleghany Corp. | AA | 3.63 | 05/15/30 | 4660000 | 4557597 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Express Co.(3)(5) | A- | 4.92 | 07/20/33 | 16750000 | 17067595 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Tower Corp. | BBB+ | 2.90 | 01/15/30 | 4435000 | 4215192 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Tower Corp. | BBB+ | 5.80 | 11/15/28 | 5435000 | 5674244 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aon North America, Inc. | A- | 5.45 | 03/01/34 | 10845000 | 11285657 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arthur J. Gallagher & Co. | BBB | 5.00 | 02/15/32 | 8245000 | 8439967 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of America Corp.(3)(5) | A- | 2.97 | 02/04/33 | 26230000 | 24003767 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp.(3)(5) | A | 4.97 | 04/26/34 | 4860000 | 4960363 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp.(3)(5) | A | 5.06 | 07/22/32 | 6840000 | 7089445 |
| &nbsp;&nbsp;&nbsp;&nbsp; BankUnited, Inc. | BBB- | 5.13 | 06/11/30 | 6170000 | 6203770 |
| &nbsp;&nbsp;&nbsp;&nbsp; Boston Properties LP | BBB | 3.25 | 01/30/31 | 6488000 | 6088796 |
| &nbsp;&nbsp;&nbsp;&nbsp; Boston Properties LP | BBB | 5.75 | 01/15/35 | 4900000 | 5046374 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brown & Brown, Inc. | BBB- | 5.25 | 06/23/32 | 2880000 | 2945036 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital One Financial Corp.(3)(5) | BBB | 4.93 | 05/10/28 | 4365000 | 4418855 |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital One Financial Corp.(3)(5) | BBB | 6.31 | 06/08/29 | 6700000 | 7034241 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citigroup, Inc.(3)(5) | BBB+ | 3.79 | 03/17/33 | 10865000 | 10362596 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citigroup, Inc.(3)(5) | BBB+ | 3.98 | 03/20/30 | 4460000 | 4422131 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citigroup, Inc.(3)(5) | BBB+ | 4.41 | 03/31/31 | 1000000 | 1000142 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citigroup, Inc.(3)(5) | BBB | 5.83 | 02/13/35 | 6620000 | 6896764 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citizens Financial Group, Inc.(3)(5) | BBB+ | 5.84 | 01/23/30 | 10653000 | 11125174 |
| &nbsp;&nbsp;&nbsp;&nbsp; Digital Realty Trust LP | BBB+ | 5.55 | 01/15/28 | 7531000 | 7741292 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equinix, Inc. | BBB+ | 3.20 | 11/18/29 | 5220000 | 5014752 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fairfax Financial Holdings Ltd. | A- | 6.00 | 12/07/33 | 5010000 | 5321128 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fifth Third Bancorp(3)(5) | BBB+ | 4.90 | 09/06/30 | 4240000 | 4311131 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fifth Third Bancorp(3)(5) | BBB+ | 6.34 | 07/27/29 | 4762000 | 5014856 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Horizon Bank | BBB | 5.75 | 05/01/30 | 4800000 | 4963680 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. | BBB+ | 2.60 | 02/07/30 | 9000000 | 8462228 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc.(3)(5) | BBB+ | 5.33 | 07/23/35 | 12200000 | 12549554 |
| &nbsp;&nbsp;&nbsp;&nbsp; Host Hotels & Resorts LP | BBB- | 5.70 | 07/01/34 | 8715000 | 9013318 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase & Co.(3)(5) | A | 5.00 | 07/22/30 | 7600000 | 7805638 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase & Co.(3)(5) | A | 5.35 | 06/01/34 | 4625000 | 4808624 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase & Co.(3)(5) | A | 5.50 | 01/24/36 | 9765000 | 10228760 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kemper Corp. | BBB- | 3.80 | 02/23/32 | 4045000 | 3742702 |
| &nbsp;&nbsp;&nbsp;&nbsp; KeyBank N.A. | BBB+ | 5.85 | 11/15/27 | 2000000 | 2060983 |
| &nbsp;&nbsp;&nbsp;&nbsp; KeyCorp | BBB | 2.55 | 10/01/29 | 7365000 | 6960185 |
| &nbsp;&nbsp;&nbsp;&nbsp; KeyCorp(3)(5) | BBB | 6.40 | 03/06/35 | 2000000 | 2174949 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CORE BOND FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |  |  |
|  Corporate Debt (Continued) |  |  |  |  |  |
|  Financial (Continued) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Kimco Realty OP LLC | A- | 4.85 | 03/01/35 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3850000 | $&nbsp;&nbsp;&nbsp;&nbsp;3839030 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kimco Realty OP LLC | A- | 6.40 | 03/01/34 | 6800000 | 7512844 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liberty Mutual Group, Inc.† | BBB | 4.57 | 02/01/29 | 11473000 | 11536886 |
| &nbsp;&nbsp;&nbsp;&nbsp; M&T Bank Corp.(3)(5) | BBB+ | 4.55 | 08/16/28 | 1387000 | 1394540 |
| &nbsp;&nbsp;&nbsp;&nbsp; Manufacturers & Traders Trust Co. | BBB+ | 3.40 | 08/17/27 | 3690000 | 3647112 |
| &nbsp;&nbsp;&nbsp;&nbsp; Manufacturers & Traders Trust Co. | A- | 4.70 | 01/27/28 | 3450000 | 3499010 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mercury General Corp. | BBB- | 4.40 | 03/15/27 | 3330000 | 3326540 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley(3)(5) | A- | 2.70 | 01/22/31 | 10000000 | 9389024 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley(3)(5) | A- | 5.17 | 01/16/30 | 1910000 | 1962268 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley(3)(5) | A- | 5.45 | 07/20/29 | 10255000 | 10584815 |
| &nbsp;&nbsp;&nbsp;&nbsp; NNN REIT, Inc. | BBB+ | 2.50 | 04/15/30 | 4835000 | 4488268 |
| &nbsp;&nbsp;&nbsp;&nbsp; NNN REIT, Inc. | BBB+ | 4.60 | 02/15/31 | 4345000 | 4375880 |
| &nbsp;&nbsp;&nbsp;&nbsp; PNC Bank N.A. | A- | 2.70 | 10/22/29 | 10500000 | 9920793 |
| &nbsp;&nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc.(3)(5) | A- | 5.58 | 06/12/29 | 2060000 | 2136353 |
| &nbsp;&nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc.(3)(5) | A- | 6.88 | 10/20/34 | 3635000 | 4117138 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prologis LP | A | 1.75 | 07/01/30 | 3906000 | 3515756 |
| &nbsp;&nbsp;&nbsp;&nbsp; Realty Income Corp. | A- | 4.85 | 03/15/30 | 1780000 | 1829531 |
| &nbsp;&nbsp;&nbsp;&nbsp; Realty Income Corp. | A- | 5.13 | 02/15/34 | 8865000 | 9096569 |
| &nbsp;&nbsp;&nbsp;&nbsp; Synchrony Financial(3)(5) | BBB- | 5.02 | 07/29/29 | 4325000 | 4380356 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tanger Properties LP | BBB- | 2.75 | 09/01/31 | 2350000 | 2128775 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tanger Properties LP | BBB- | 3.88 | 07/15/27 | 3500000 | 3481605 |
| &nbsp;&nbsp;&nbsp;&nbsp; Truist Financial Corp.(3)(5) | A- | 4.87 | 01/26/29 | 8055000 | 8181760 |
| &nbsp;&nbsp;&nbsp;&nbsp; Truist Financial Corp.(3)(5) | A- | 5.07 | 05/20/31 | 5050000 | 5190259 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Bancorp(3)(5) | A | 4.65 | 02/01/29 | 13695000 | 13868454 |
| &nbsp;&nbsp;&nbsp;&nbsp; US Bancorp(3)(5) | A | 5.78 | 06/12/29 | 2500000 | 2599870 |
| &nbsp;&nbsp;&nbsp;&nbsp; Voya Financial, Inc. | BBB+ | 3.65 | 06/15/26 | 4970000 | 4956150 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo & Co.(3)(5) | BBB+ | 2.57 | 02/11/31 | 1000000 | 934552 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo & Co.(3)(5) | BBB+ | 3.35 | 03/02/33 | 9115000 | 8510697 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo & Co.(3)(5) | BBB+ | 5.20 | 01/23/30 | 6595000 | 6795394 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo & Co.(3)(5) | BBB+ | 5.21 | 12/03/35 | 6190000 | 6334393 |
| &nbsp;&nbsp;&nbsp;&nbsp; Welltower OP LLC | A- | 2.75 | 01/15/31 | 7123000 | 6630729 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zions Bancorp N.A. | BBB | 3.25 | 10/29/29 | 12030000 | 11334196 |
|  |  |  |  |  | 445362679 |
|  Industrial (4.0%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Arrow Electronics, Inc. | BBB- | 5.15 | 08/21/29 | 8845000 | 9055582 |
| &nbsp;&nbsp;&nbsp;&nbsp; Boeing Co. | BBB- | 3.20 | 03/01/29 | 12077000 | 11706844 |
| &nbsp;&nbsp;&nbsp;&nbsp; CH Robinson Worldwide, Inc. | BBB+ | 4.20 | 04/15/28 | 5575000 | 5592539 |
| &nbsp;&nbsp;&nbsp;&nbsp; Flex Ltd. | BBB- | 4.88 | 06/15/29 | 1478000 | 1499579 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Electric Co. | A- | 4.30 | 07/29/30 | 4700000 | 4741406 |
| &nbsp;&nbsp;&nbsp;&nbsp; Howmet Aerospace, Inc. | BBB+ | 4.55 | 11/15/32 | 6730000 | 6768691 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jabil, Inc. | BBB- | 3.00 | 01/15/31 | 4000000 | 3728845 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jabil, Inc. | BBB- | 3.95 | 01/12/28 | 2910000 | 2903089 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3Harris Technologies, Inc. | BBB | 4.85 | 04/27/35 | 6960000 | 6958828 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lennox International, Inc. | BBB | 1.70 | 08/01/27 | 4935000 | 4759837 |
| &nbsp;&nbsp;&nbsp;&nbsp; Otis Worldwide Corp. | BBB | 5.13 | 11/19/31 | 7715000 | 8008894 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rockwell Collins, Inc. | BBB+ | 3.50 | 03/15/27 | 4600000 | 4563201 |
| &nbsp;&nbsp;&nbsp;&nbsp; Teledyne Technologies, Inc. | BBB | 2.75 | 04/01/31 | 6725000 | 6229797 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CORE BOND FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Rating\*\*** | **Rate(%)** | **Maturity** | **Face Amount** | **Value** |
|  **LONG-TERM DEBT SECURITIES (Continued):** |  |  |  |  |  |
|  Corporate Debt (Continued) |  |  |  |  |  |
|  Industrial (Continued) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Vulcan Materials Co. | BBB+ | 4.95 | 12/01/29 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11330000 | $11637148 |
|  |  |  |  |  | 88154280 |
|  Technology (1.7%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co. | BBB | 4.55 | 10/15/29 | 7100000 | 7158368 |
| &nbsp;&nbsp;&nbsp;&nbsp; Intel Corp | BBB | 5.20 | 02/10/33 | 6570000 | 6700127 |
| &nbsp;&nbsp;&nbsp;&nbsp; Microchip Technology, Inc. | BBB | 4.90 | 03/15/28 | 4825000 | 4893453 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oracle Corp | BBB | 4.80 | 09/26/32 | 4115000 | 3976562 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paychex, Inc. | BBB+ | 5.10 | 04/15/30 | 9140000 | 9410204 |
| &nbsp;&nbsp;&nbsp;&nbsp; Synopsys, Inc. | BBB | 5.00 | 04/01/32 | 6340000 | 6478536 |
|  |  |  |  |  | 38617250 |
|  Utilities (3.4%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; American Electric Power Co., Inc. | BBB | 5.20 | 01/15/29 | 11429000 | 11787769 |
| &nbsp;&nbsp;&nbsp;&nbsp; Black Hills Corp. | BBB+ | 3.05 | 10/15/29 | 4855000 | 4639399 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dominion Energy, Inc. | A | 2.30 | 12/01/31 | 10799000 | 9643045 |
| &nbsp;&nbsp;&nbsp;&nbsp; DTE Energy Co | BBB | 5.10 | 03/01/29 | 10596000 | 10867808 |
| &nbsp;&nbsp;&nbsp;&nbsp; Duke Energy Carolinas LLC | A | 4.85 | 01/15/34 | 11017000 | 11167087 |
| &nbsp;&nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc. | BBB+ | 3.55 | 05/01/27 | 6722000 | 6685007 |
| &nbsp;&nbsp;&nbsp;&nbsp; NiSource, Inc. | BBB+ | 5.20 | 07/01/29 | 10740000 | 11076443 |
| &nbsp;&nbsp;&nbsp;&nbsp; Southern Co. | BBB+ | 5.70 | 03/15/34 | 8560000 | 9028951 |
|  |  |  |  |  | 74895509 |
|  Total Corporate Debt |  |  |  |  | 955879711 |
|  Sovereign Debt (0.0%)(6) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Sri Lanka AID | NR | 6.59 | 09/15/28 | 972923 | 1001410‡ |
|  Total Long-Term Debt Securities<br>(Cost: $2,277,049,369) |  |  |  |  | 2194353039 |
|  **SHORT-TERM DEBT SECURITIES (0.1%):** |  |  |  |  |  |
|  U.S. Government (0.1%) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bill | A-1+ | 3.41 | 01/02/26 | 2500000 | 2499763 |
|  Total Short-Term Debt Securities<br>(Cost: $2,499,763) |  |  |  |  | 2499763 |
|  |  |  | **Rate(%)** | **Face Amount** | **Value** |
|  **TEMPORARY CASH INVESTMENT (0.0%)(6)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dreyfus Treasury Securities Cash Management, Institutional Shares |  |  | 3.63 | $464096 | $464096 |
|  Total Temporary Cash Investment<br>(Cost: $464,096) |  |  |  |  | 464096 |
|  Total Investments<br>(Cost: $2,280,013,228) 99.3% |  |  |  |  | 2197316898 |
|  Other Net Assets 0.7% |  |  |  |  | 15998368 |
|  Net Assets 100.0% |  |  |  |  | $2213315266 |

---

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS — CORE BOND FUND

#### PORTFOLIO OF INVESTMENTS IN SECURITIES (Continued)

#### December 31, 2025

#### FOOTNOTES TO PORTFOLIO OF INVESTMENTS IN SECURITIES
Abbreviations:

---

| | |
|:---|:---|
| ARM = | Adjustable Rate Mortgage |
| FHLB = | Federal Home Loan Bank |
| FHLMC = | Federal Home Loan Mortgage Corporation |
| FNMA = | Federal National Mortgage Association |
| FRESB = | Federal Home Loan Mortgage Corporation Multifamily Securitization Small Loan Balance |
| GNMA = | Government National Mortgage Association |
|  | Twelve month FTSE USD IBOR Consumer Cash Fallback |
| SOFR = | Secured overnight financing rate |
| SOFR30A = | 30-day Average SOFR (Secured overnight financing rate) |
| 12M TSFR = | Twelve month term SOFR (Secured overnight financing rate) |
| NR = | Not Rated |

---

\*\* Ratings as per Standard & Poor's Corporation (unaudited).

† Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At December 31, 2025, the aggregate values of these securities amount to $34,807,575 and represent 1.6% of net assets.

‡ Level 3 Security.

(1) Zero Coupon.

(2) Floating Rate Note.

(3) Variable Rate; rate shown is effective rate at period-end. The rates for certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and based on current market conditions.

(4) U.S. Government guaranteed security

(5) Security is a fix-to-float security, which carries a fixed coupon until a certain date, upon which it switches to a floating rate. Reference rate and spread are provided if the rate is currently floating.

(6) Percentage is less than 0.05%.

The accompanying notes are an integral part of these portfolio schedules.

------

#### MoA FUNDS

#### STATEMENTS OF ASSETS AND LIABILITIES

#### As of December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Equity**<br>**Index Fund** | **MoA All**<br>**America Fund** | **MoA Small Cap**<br>**Value Fund** | **MoA Small Cap**<br>**Growth Fund** | **MoA Small Cap**<br>**Equity Index**<br>**Fund** |
|  ASSETS |  |  |  |  |  |
|  Investments, at fair value: |  |  |  |  |  |
|  Affiliated investments (a) (Notes 2 and 4) | $— | $— | $— | $— | $— |
|  Unaffiliated investments (a) (Notes 2 and 4) | 6178501445 | 296416418 | 365466746 | 426418321 | 170700737 |
|  Cash | 48 |  |  |  |  |
|  Foreign cash (b) |  |  |  |  |  |
|  Interest and dividends receivable | 3103930 | 197750 | 499698 | 355851 | 200910 |
|  Receivable for securities sold |  | 488152 | 1770957 | 2889426 | 114052 |
|  Receivable for daily variation on future contracts |  |  |  |  |  |
|  Shareholder subscription receivable | 1754639 | 3613 | 51488 | 56204 | 98598 |
|  Due from the Adviser |  |  |  |  | 36140 |
|  Other receivables |  |  |  |  |  |
|  Total Assets | 6183360062 | 297105933 | 367788889 | 429719802 | 171150437 |
|  LIABILITIES |  |  |  |  |  |
|  Due to custodian bank |  |  |  |  | 92484 |
|  Payable for securities purchased |  | 458355 | 707036 | 3641486 | 12160 |
|  Payable for daily variation on future contracts | 680426 | 25875 |  |  |  |
|  Shareholder redemptions payable | 7679862 | 24570 | 107313 | 184202 | 484400 |
|  Shareholder services fee payable |  |  |  |  |  |
|  Payable to the Adviser | 509586 | 107608 | 245698 | 287803 |  |
|  Dividends payable |  |  |  |  |  |
|  Accrued expenses | 689262 | 70489 | 45480 | 47952 | 80084 |
|  Total Liabilities | 9559136 | 686897 | 1105527 | 4161443 | 669128 |
|  NET ASSETS | $6173800926 | $296419036 | $366683362 | $425558359 | $170481309 |
|  Number of Shares Outstanding (Note 5) | 88167659 | 13406397 | 26037071 | 28737230 | 16120063 |
|  Net Asset Value Per Share Redemption Price Per Share | $70.02 | $22.11 | $14.08 | $14.81 | $10.58 |
|  COMPONENTS OF NET ASSETS Paid-in capital | $2698511203 | $198667993 | $301909135 | $323062282 | $150869470 |
|  Total Distributable Earnings (Loss) (Notes 2 and 6) | 3475289723 | 97751043 | 64774227 | 102496077 | 19611839 |
|  NET ASSETS | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6173800926 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296419036 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;366683362 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425558359 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170481309 |
| (a) Investments at cost: |  |  |  |  |  |
|  Affiliated investments | $— | $— | $— | $— | $— |
|  Unaffiliated investments | $2716264694 | $204447163 | $305626393 | $326408303 | $153819841 |
| (b) Foreign cash, at cost, translated to US Dollars | $— | $— | $— | $— | $— |

---

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF ASSETS AND LIABILITIES (Continued)

#### As of December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Mid Cap**<br>**Value Fund** | **MoA Mid Cap**<br>**Growth Fund†** | **MoA Mid Cap**<br>**Equity Index**<br>**Fund** | **MoA Balanced**<br>**Fund** | **MoA**<br>**International**<br>**Fund** |
|  ASSETS |  |  |  |  |  |
|  Investments, at fair value: |  |  |  |  |  |
|  Affiliated investments (a) (Notes 2 and 4) | $— | $— | $— | $— | $— |
|  Unaffiliated investments (a) (Notes 2 and 4) | 185380181 | 105932690 | 1333349892 | 211859723 | 2205257509 |
|  Cash |  |  | 849 |  | 59688 |
|  Foreign cash (b) |  |  |  |  | 247677 |
|  Interest and dividends receivable | 143535 | 61053 | 1183752 | 762096 | 9961999 |
|  Receivable for securities sold | 1245447 | 595587 | 195096 | 595871 |  |
|  Receivable for daily variation on future contracts |  |  |  |  |  |
|  Shareholder subscription receivable | 47877 | 42119 | 1201051 | 282925 | 681305 |
|  Due from the Adviser |  |  |  |  |  |
|  Other receivables |  |  |  |  |  |
|  Total Assets | 186817040 | 106631449 | 1335930640 | 213500615 | 2216208178 |
|  LIABILITIES |  |  |  |  |  |
|  Due to custodian bank |  |  |  | 5 |  |
|  Payable for securities purchased | 1308372 |  | 2802526 | 949835 |  |
|  Payable for daily variation on future contracts |  |  | 232503 |  | 197046 |
|  Shareholder redemptions payable | 85074 | 70331 | 962942 | 51 | 947951 |
|  Shareholder services fee payable |  |  |  |  |  |
|  Payable to the Adviser | 90825 | 32886 | 110813 | 76164 | 504043 |
|  Dividends payable |  |  |  |  |  |
|  Accrued expenses | 37225 | 44393 | 274017 | 53226 | 161719 |
|  Total Liabilities | 1521496 | 147610 | 4382801 | 1079281 | 1810759 |
|  NET ASSETS | $185295544 | $106483839 | $1331547839 | $212421334 | $2214397419 |
|  Number of Shares Outstanding (Note 5) | 11495017 | 11071776 | 66258504 | 9836610 | 201362338 |
|  Net Asset Value Per Share Redemption Price Per Share | $16.12 | $9.62 | $20.10 | $21.59 | $11.00 |
|  COMPONENTS OF NET ASSETS |  |  |  |  |  |
|  Paid-in capital | $163938851 | $110850934 | $1049569961 | $143947777 | $1652929611 |
|  Total Distributable Earnings (Loss) (Notes 2 and 6) | 21356693 | (4367095) | 281977878 | 68473557 | 561467808 |
|  NET ASSETS | $185295544 | $106483839 | $1331547839 | $212421334 | $2214397419 |
| (a) Investments at cost: |  |  |  |  |  |
|  Affiliated investments | $— | $— | $— | $— | $— |
|  Unaffiliated investments | $164312308 | $109413618 | $1068851354 | $148437805 | $1583990964 |
| (b) Foreign cash, at cost, translated to US Dollars | $— | $— | $— | $— | $247356 |

---

† Fund commenced operations on September 8, 2025.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF ASSETS AND LIABILITIES (Continued)

#### As of December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Catholic**<br>**Values Index**<br>**Fund** | **MoA Retirement**<br>**Income Fund** | **MoA Clear**<br>**Passage 2020**<br>**Fund** | **MoA Clear**<br>**Passage 2025**<br>**Fund** | **MoA Clear**<br>**Passage 2030**<br>**Fund** |
|  ASSETS |  |  |  |  |  |
|  Investments, at fair value: |  |  |  |  |  |
|  Affiliated investments (a) (Notes 2 and 4) | $— | $298087075 | $407757130 | $1067255068 | $1501491053 |
|  Unaffiliated investments (a) (Notes 2 and 4) | 9879116 | 25 |  | 27 |  |
|  Cash |  |  |  |  |  |
|  Foreign cash (b) |  |  |  |  |  |
|  Interest and dividends receivable | 5938 |  |  |  |  |
|  Receivable for securities sold |  |  | 917022 | 852160 |  |
|  Receivable for daily variation on future contracts |  |  |  |  |  |
|  Shareholder subscription receivable | 2399 | 681703 | 256943 | 752514 | 931335 |
|  Due from the Adviser | 32505 |  |  |  |  |
|  Other receivables |  |  |  |  |  |
|  Total Assets | 9919958 | 298768803 | 408931095 | 1068859769 | 1502422388 |
|  LIABILITIES |  |  |  |  |  |
|  Due to custodian bank |  |  |  |  |  |
|  Payable for securities purchased | 5721 | 540846 |  |  | 430864 |
|  Payable for daily variation on future contracts |  |  |  |  |  |
|  Shareholder redemptions payable | 12121 | 140857 | 1173965 | 1604675 | 500472 |
|  Shareholder services fee payable |  | 25103 | 34653 | 90322 | 127162 |
|  Payable to the Adviser |  | 18182 | 25071 | 65301 | 91668 |
|  Dividends payable |  |  |  |  |  |
|  Accrued expenses | 34408 | 36082 | 45061 | 54034 | 65107 |
|  Total Liabilities | 52250 | 761070 | 1278750 | 1814332 | 1215273 |
|  NET ASSETS | $9867708 | $298007733 | $407652345 | $1067045437 | $1501207115 |
|  Number of Shares Outstanding (Note 5) | 550787 | 25406676 | 38140835 | 85149612 | 107407449 |
|  Net Asset Value Per Share Redemption Price Per Share | $17.92 | $11.73 | $10.69 | $12.53 | $13.98 |
|  COMPONENTS OF NET ASSETS |  |  |  |  |  |
|  Paid-in capital | $6684331 | $292524199 | $401396942 | $1009822152 | $1362612189 |
|  Total Distributable Earnings (Loss) (Notes 2 and 6) | 3183377 | 5483534 | 6255403 | 57223285 | 138594926 |
|  NET ASSETS | $9867708 | $298007733 | $407652345 | $1067045437 | $1501207115 |
| (a) Investments at cost: |  |  |  |  |  |
|  Affiliated investments | $— | $283105950 | $386325120 | $989698036 | $1375097111 |
|  Unaffiliated investments | $6701145 | $25 | $— | $27 | $— |
| (b) Foreign cash, at cost, translated to US Dollars | $— | $— | $— | $— | $— |

---

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF ASSETS AND LIABILITIES (Continued)

#### As of December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Clear**<br>**Passage 2035**<br>**Fund** | **MoA Clear**<br>**Passage 2040**<br>**Fund** | **MoA Clear**<br>**Passage 2045**<br>**Fund** | **MoA Clear**<br>**Passage 2050**<br>**Fund** | **MoA Clear**<br>**Passage 2055**<br>**Fund** |
|  ASSETS |  |  |  |  |  |
|  Investments, at fair value: |  |  |  |  |  |
|  Affiliated investments (a) (Notes 2 and 4) | $1552921243 | $1348032358 | $1402189031 | $1104117394 | $673335261 |
|  Unaffiliated investments (a) (Notes 2 and 4) |  |  |  |  |  |
|  Cash |  |  |  |  |  |
|  Foreign cash (b) |  |  |  |  |  |
|  Interest and dividends receivable |  |  |  |  |  |
|  Receivable for securities sold | 1174255 | 1948199 | 394068 |  |  |
|  Receivable for daily variation on future contracts |  |  |  |  |  |
|  Shareholder subscription receivable | 821101 | 519861 | 499201 | 566544 | 289866 |
|  Due from the Adviser |  |  |  |  |  |
|  Other receivables |  |  |  |  |  |
|  Total Assets | 1554916599 | 1350500418 | 1403082300 | 1104683938 | 673625127 |
|  LIABILITIES |  |  |  |  |  |
|  Due to custodian bank |  |  |  |  |  |
|  Payable for securities purchased |  |  |  | 462714 | 149031 |
|  Payable for daily variation on future contracts |  |  |  |  |  |
|  Shareholder redemptions payable | 1995357 | 2468061 | 893269 | 103831 | 140834 |
|  Shareholder services fee payable | 130946 | 114075 | 118590 | 93295 | 56799 |
|  Payable to the Adviser | 94701 | 82374 | 85602 | 67387 | 40967 |
|  Dividends payable |  |  |  |  |  |
|  Accrued expenses | 66109 | 60696 | 62014 | 54315 | 42889 |
|  Total Liabilities | 2287113 | 2725206 | 1159475 | 781542 | 430520 |
|  NET ASSETS | $1552629486 | $1347775212 | $1401922825 | $1103902396 | $673194607 |
|  Number of Shares Outstanding (Note 5) | 104848651 | 88175381 | 92254452 | 56010636 | 41705906 |
|  Net Asset Value Per Share Redemption Price Per Share | $14.81 | $15.29 | $15.20 | $19.71 | $16.14 |
|  COMPONENTS OF NET ASSETS |  |  |  |  |  |
|  Paid-in capital | $1371359179 | $1148078777 | $1176613567 | $923355587 | $565589092 |
|  Total Distributable Earnings (Loss) (Notes 2 and 6) | 181270307 | 199696435 | 225309258 | 180546809 | 107605515 |
|  NET ASSETS | $1552629486 | $1347775212 | $1401922825 | $1103902396 | $673194607 |
| (a) Investments at cost: |  |  |  |  |  |
|  Affiliated investments | $1406285623 | $1198819862 | $1236804553 | $973509892 | $594028953 |
|  Unaffiliated investments | $— | $— | $— | $— | $— |
| (b) Foreign cash, at cost, translated to US Dollars | $— | $— | $— | $— | $— |

---

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF ASSETS AND LIABILITIES (Continued)

#### As of December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Clear**<br>**Passage 2060**<br>**Fund** | **MoA Clear**<br>**Passage 2065**<br>**Fund** | **MoA Clear**<br>**Passage 2070**<br>**Fund†** | **MoA**<br>**Conservative**<br>**Allocation Fund** | **MoA Moderate**<br>**Allocation Fund** |
|  ASSETS |  |  |  |  |  |
|  Investments, at fair value: |  |  |  |  |  |
|  Affiliated investments (a) (Notes 2 and 4) | $396740954 | $184442226 | $4862156 | $146488003 | $394638986 |
|  Unaffiliated investments (a) (Notes 2 and 4) |  |  |  |  |  |
|  Cash |  |  |  |  |  |
|  Foreign cash (b) |  |  |  |  |  |
|  Interest and dividends receivable |  |  |  |  |  |
|  Receivable for securities sold |  |  |  |  |  |
|  Receivable for daily variation on future contracts |  |  |  |  |  |
|  Shareholder subscription receivable | 385677 | 241069 | 212330 | 16946 | 26958 |
|  Due from the Adviser |  |  |  |  |  |
|  Other receivables |  |  |  |  |  |
|  Total Assets | 397126631 | 184683295 | 5074486 | 146504949 | 394665944 |
|  LIABILITIES |  |  |  |  |  |
|  Due to custodian bank |  |  |  |  |  |
|  Payable for securities purchased | 103697 | 188961 | 212330 | 14030 | 26930 |
|  Payable for daily variation on future contracts |  |  |  |  |  |
|  Shareholder redemptions payable | 281980 | 52108 |  | 2916 | 28 |
|  Shareholder services fee payable | 33468 | 15509 | 897 |  |  |
|  Payable to the Adviser | 24123 | 11162 | 7841 | 2741 | 7334 |
|  Dividends payable |  |  |  |  |  |
|  Accrued expenses | 35607 | 30005 | 24681 | 34238 | 34361 |
|  Total Liabilities | 478875 | 297745 | 245749 | 53925 | 68653 |
|  NET ASSETS | $396647756 | $184385550 | $4828737 | $146451024 | $394597291 |
|  Number of Shares Outstanding (Note 5) | 28119837 | 12628450 | 413359 | 12375907 | 28215295 |
|  Net Asset Value Per Share Redemption Price Per Share | $14.11 | $14.60 | $11.68 | $11.83 | $13.99 |
|  COMPONENTS OF NET ASSETS |  |  |  |  |  |
|  Paid-in capital | $332453796 | $158755748 | $4564966 | $143450712 | $351626780 |
|  Total Distributable Earnings (Loss) (Notes 2 and 6) | 64193960 | 25629802 | 263771 | 3000312 | 42970511 |
|  NET ASSETS | $396647756 | $184385550 | $4828737 | $146451024 | $394597291 |
| (a) Investments at cost: |  |  |  |  |  |
|  Affiliated investments | $348901992 | $167144320 | $4832055 | $141563040 | $360447118 |
|  Unaffiliated investments | $— | $— | $— | $— | $— |
| (b) Foreign cash, at cost, translated to US Dollars | $— | $— | $— | $— | $— |

---

† Fund commenced operations on May 1, 2025.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF ASSETS AND LIABILITIES (Continued)

#### As of December 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **MoA**<br>**Aggressive**<br>**Allocation Fund** | **MoA US**<br>**Government**<br>**Money Market**<br>**Fund** | **MoA**<br>**Intermediate**<br>**Bond Fund** | **MoA Core Bond**<br>**Fund** |
|  ASSETS |  |  |  |  |
|  Investments, at fair value: |  |  |  |  |
|  Affiliated investments (a) (Notes 2 and 4) | $338403658 | $— | $— | $— |
|  Unaffiliated investments (a) (Notes 2 and 4) |  | 511820994 | 1052432443 | 2197316898 |
|  Cash |  |  | 1 |  |
|  Foreign cash (b) |  |  |  |  |
|  Interest and dividends receivable |  | 631 | 9870226 | 19751952 |
|  Receivable for securities sold | 39410 |  |  | 9007378 |
|  Receivable for daily variation on future contracts |  |  |  |  |
|  Shareholder subscription receivable | 25777 | 82512 | 251842 | 388116 |
|  Due from the Adviser |  |  |  |  |
|  Other receivables |  |  |  |  |
|  Total Assets | 338468845 | 511904137 | 1062554512 | 2226464344 |
|  LIABILITIES |  |  |  |  |
|  Due to custodian bank |  |  |  | 11 |
|  Payable for securities purchased |  |  |  | 10998090 |
|  Payable for daily variation on future contracts |  |  |  |  |
|  Shareholder redemptions payable | 65187 | 2361865 | 1106855 | 1254256 |
|  Shareholder services fee payable |  |  |  |  |
|  Payable to the Adviser | 6356 | 74304 | 379598 | 772698 |
|  Dividends payable |  |  |  |  |
|  Accrued expenses | 32698 | 41618 | 74076 | 124023 |
|  Total Liabilities | 104241 | 2477787 | 1560529 | 13149078 |
|  NET ASSETS | $338364604 | $509426350 | $1060993983 | $2213315266 |
|  Number of Shares Outstanding (Note 5) | 21541022 | 509772111 | 108313736 | 176982905 |
|  Net Asset Value Per Share Redemption Price Per Share | $15.71 | $1.00 | $9.80 | $12.51 |
|  COMPONENTS OF NET ASSETS |  |  |  |  |
|  Paid-in capital | $286652102 | $509424766 | $1111129932 | $2441555698 |
|  Total Distributable Earnings (Loss) (Notes 2 and 6) | 51712502 | 1584 | (50135949) | (228240432) |
|  NET ASSETS | $338364604 | $509426350 | $1060993983 | $2213315266 |
| (a) Investments at cost: |  |  |  |  |
|  Affiliated investments | $299224642 | $— | $— | $— |
|  Unaffiliated investments | $— | $511820994 | $1045057723 | $2280013228 |
| (b) Foreign cash, at cost, translated to US Dollars | $— | $— | $— | $— |

---

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF OPERATIONS

#### For the Year Ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Equity**<br>**Index Fund** | **MoA All**<br>**America Fund** | **MoA Small Cap**<br>**Value Fund** | **MoA Small Cap**<br>**Growth Fund** | **MoA Small Cap**<br>**Equity Index**<br>**Fund** |
|  INVESTMENT INCOME AND EXPENSES |  |  |  |  |  |
|  Investment Income: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated dividend income (Notes 2 and 4) | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated dividend income | 73233261 (a) | 3799133 (a) | 7688849 (a) | 2472729 (a) | 3101270 (a) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | 2661993 | 203243 | 239979 | 265140 | 724 |
|  Total investment income | 75895254 | 4002376 | 7928828 | 2737869 | 3101994 |
|  Expenses |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment advisory fees (Note 3) | 4367760 | 1188228 | 2811233 | 3002025 | 136005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Administrative fee (Note 3) | 1747104 | 89117 | 112449 | 120081 | 54402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other operating expenses |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Custody and Fund administration expenses | 678357 | 92029 | 49167 | 52148 | 90337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shareholders reports | 134228 | 6891 | 9125 | 9697 | 5069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shareholder service fees | 740 | 195 | 521 | 42 | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer agent fees | 37654 | 23458 | 23585 | 24778 | 30968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Independent directors' fees and expenses | 38198 | 38198 | 38198 | 38198 | 38198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Audit and Tax Expense | 60467 | 56717 | 56338 | 56338 | 59329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Legal | 29230 | 29230 | 29230 | 29230 | 29230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Licenses | 1193525 | 70909 | 13320 | 14050 | 59268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registration fees | 30091 | 21661 | 21661 | 21661 | 18860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous | 79217 | 16438 | 17295 | 17273 | 17004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other operating expenses | 2281707 | 355726 | 258440 | 263415 | 348277 |
|  Total expenses before waiver/reimbursement | 8396571 | 1633071 | 3182122 | 3385521 | 538684 |
|  Fee waiver and expense reimbursement (Note 3) | (465894) | (23765) | (29986) | (32022) | (262083) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net expenses | 7930677 | 1609306 | 3152136 | 3353499 | 276601 |
|  Net Investment Income (Loss) | 67964577 | 2393070 | 4776692 | (615630) | 2825393 |
|  Net Realized and Unrealized Gain (Loss) on Investments, Futures Contracts and Foreign Currency Translations (Note 2) |  |  |  |  |  |
|  Net realized gain (loss) on: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated Investment securities (Notes 2 and 4) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated Investment securities | 498864970 | 36726683 | 16360446 | 6458829 | 9532570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures contracts (Note 2) | 5266277 | 287016 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation |  | (280) |  |  |  |
|  | 504131247 | 37013419 | 16360446 | 6458829 | 9532570 |
|  Change in net unrealized appreciation (depreciation) of: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated Investment securities (Notes 2 and 4) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated Investment securities | 381866858 | (6041504) | (12388679) | 30001459 | (3983316) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures contracts (Note 2) | 2175126 | 55562 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation |  | 275 |  |  |  |
|  | 384041984 | (5985667) | (12388679) | 30001459 | (3983316) |
|  Net Realized and Unrealized Gain (Loss) on Investments, Futures Contracts and Foreign Currency Translations | 888173231 | 31027752 | 3971767 | 36460288 | 5549254 |
|  Net Increase (Decrease) in Net Assets Resulting from Operations | $956137808 | $33420822 | $8748459 | $35844658 | $8374647 |

---

(a) Net of foreign taxes as follows:

---

| | |
|:---|:---|
|  MoA Equity Index Fund | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12467 |
|  MoA All America Fund | $1180 |
|  MoA Small Cap Value Fund | $5437 |
|  MoA Small Cap Growth Fund | $4872 |
|  MoA Small Cap Equity Index Fund | $3249 |

---

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF OPERATIONS (Continued)

#### For the Year Ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Mid Cap**<br>**Value Fund** | **MoA Mid**<br>**Cap Growth**<br>**Fund(a)** | **MoA Mid Cap**<br>**Equity Index<br>Fund** | **MoA Balanced**<br>**Fund** | **MoA**<br>**International**<br>**Fund** |
|  INVESTMENT INCOME AND EXPENSES |  |  |  |  |  |
|  Investment Income: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated dividend income (Notes 2 and 4) | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated dividend income | 3492131 | 170935 | 22030017 (b) | 1688811 | 57749444 (b) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | 144875 | 20450 | 590703 | 3612939 | 1306417 |
|  Total investment income | 3637006 | 191385 | 22620720 | 5301750 | 59055861 |
|  Expenses |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment advisory fees (Note 3) | 1061498 | 119140 | 1074652 | 814072 | 7814879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Administrative fee (Note 3) | 57900 | 6499 | 429861 | 61056 | 586116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other operating expenses |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Custody and Fund administration expenses | 27998 | 5411 | 212887 | 55651 | 436729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shareholders reports | 4556 | 442 | 34322 | 5295 | 46417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shareholder service fees | 35 |  | 149 | 111 | 1285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer agent fees | 22997 | 4961 | 33616 | 22669 | 30171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Independent directors' fees and expenses | 38198 | 6921 | 38198 | 38198 | 38198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Audit and Tax Expense | 56348 | 37050 | 59443 | 55461 | 64555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Legal | 29231 | 22825 | 29230 | 29230 | 29230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Licenses | 7024 |  | 487662 | 43528 | 42062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registration fees | 19486 | 896 | 24726 | 19486 | 25617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous | 20039 | 47933 | 30043 | 18029 | 50954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other operating expenses | 225912 | 126439 | 950276 | 287658 | 765218 |
|  Total expenses before waiver/reimbursement | 1345310 | 252078 | 2454789 | 1162786 | 9166213 |
|  Fee waiver and expense reimbursement (Note 3) | (15440) | (115608) | (114629) | (16281) | (3087048) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net expenses | 1329870 | 136470 | 2340160 | 1146505 | 6079165 |
|  Net Investment Income (Loss) | 2307136 | 54915 | 20280560 | 4155245 | 52976696 |
|  Net Realized and Unrealized Gain (Loss) on<br>Investments, Futures Contracts and Foreign<br>Currency Translations (Note 2) |  |  |  |  |  |
|  Net realized gain (loss) on: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated Investment securities (Notes 2 and 4) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated Investment securities | 8655406 | (903298) | 136339292 | 18931756 | 50832108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures contracts (Note 2) |  |  | (422387) |  | 4011571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation |  |  |  |  | 887986 |
|  | 8655406 | (903298) | 135916905 | 18931756 | 55731665 |
|  Change in net unrealized appreciation (depreciation) of: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated Investment securities (Notes 2 and 4) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated Investment securities | (7248223) | (3480928) | (60498740) | 12058557 | 494775929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures contracts (Note 2) |  |  | 428450 |  | 505111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation |  |  |  |  | 838301 |
|  | (7248223) | (3480928) | (60070290) | 12058557 | 496119341 |
|  Net Realized and Unrealized Gain (Loss) on Investments, Futures Contracts and Foreign Currency Translations | 1407183 | (4384226) | 75846615 | 30990313 | 551851006 |
|  Net Increase (Decrease) in Net Assets Resulting from Operations | $3714319 | $(4329311) | $96127175 | $35145558 | $604827702 |

---

(a) For the period September 8, 2025 (commencement of operations) to December 31, 2025.

(b) Net of foreign taxes as follows:

---

| | |
|:---|:---|
|  MoA Mid Cap Equity Index Fund | $21675 |
|  MoA International Fund | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6541810 |

---

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF OPERATIONS (Continued)

#### For the Year Ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Catholic**<br>**Values Index**<br>**Fund** | **MoA**<br>**Retirement**<br>**Income Fund** | **MoA Clear**<br>**Passage 2020**<br>**Fund** | **MoA Clear**<br>**Passage 2025**<br>**Fund** | **MoA Clear**<br>**Passage 2030**<br>**Fund** |
|  INVESTMENT INCOME AND EXPENSES |  |  |  |  |  |
|  Investment Income: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated dividend income (Notes 2 and 4) | $— | $9037600 | $13412582 | $31316332 | $38823162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated dividend income | 101813 (a) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | 90 | 14 | 119 | 320 | 401 |
|  Total investment income | 101903 | 9037614 | 13412701 | 31316652 | 38823563 |
|  Expenses |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment advisory fees (Note 3) | 12537 | 133831 | 214453 | 533946 | 716190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Administrative fee (Note 3) | 2508 | 80299 | 128671 | 320367 | 429714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other operating expenses |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Custody and Fund administration expenses | 24949 | 35453 | 54053 | 122958 | 163066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shareholders reports | 240 | 9882 | 11055 | 25766 | 34024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shareholder service fees |  | 267663 | 428906 | 1067891 | 1432380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer agent fees | 22158 | 41194 | 30715 | 35637 | 37106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Independent directors' fees and expenses | 38198 | 44733 | 38198 | 38198 | 38198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Audit and Tax Expense | 54398 | 44674 | 57288 | 48278 | 48278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Legal | 29230 | 28569 | 29231 | 29231 | 29231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Licenses | 15692 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registration fees | 11965 | 41485 | 25149 | 28862 | 32296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous | 13336 | 17003 | 18378 | 26060 | 34858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other operating expenses | 210166 | 530656 | 692973 | 1422881 | 1849437 |
|  Total expenses before waiver/reimbursement | 225211 | 744786 | 1036097 | 2277194 | 2995341 |
|  Fee waiver and expense reimbursement (Note 3) | (206230) | (21413) | (34312) | (85431) | (114591) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net expenses | 18981 | 723373 | 1001785 | 2191763 | 2880750 |
|  Net Investment Income (Loss) | 82922 | 8314241 | 12410916 | 29124889 | 35942813 |
|  Net Realized and Unrealized Gain (Loss) on Investments, Futures Contracts and Foreign Currency Translations (Note 2) |  |  |  |  |  |
|  Net realized gain (loss) on: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated Investment securities (Notes 2 and 4) |  | (2091266) | 530377 | 9182353 | 25235822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated Investment securities | 311648 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures contracts (Note 2) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain distributions from Affiliated Funds (Note 4) |  | 7760561 | 11175661 | 35887165 | 58064123 |
|  | 311648 | 5669295 | 11706038 | 45069518 | 83299945 |
|  Change in net unrealized appreciation (depreciation) of: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated Investment securities (Notes 2 and 4) |  | 15496307 | 20645707 | 53937942 | 66283101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated Investment securities | 961655 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures contracts (Note 2) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation |  |  |  |  |  |
|  | 961655 | 15496307 | 20645707 | 53937942 | 66283101 |
|  Net Realized and Unrealized Gain (Loss) on Investments, Futures Contracts and Foreign Currency Translations | 1273303 | 21165602 | 32351745 | 99007460 | 149583046 |
|  Net Increase (Decrease) in Net Assets Resulting from Operations | $1356225 | $29479843 | $44762661 | $128132349 | $185525859 |

---

(a) Net of foreign taxes as follows:

---

| | |
|:---|:---|
|  MoA Catholic Values Index Fund | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174 |

---

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF OPERATIONS (Continued)

#### For the Year Ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Clear<br>Passage 2035<br>Fund** | **MoA Clear<br>Passage 2040<br>Fund** | **MoA Clear**<br>**Passage 2045**<br>**Fund** | **MoA Clear**<br>**Passage 2050**<br>**Fund** | **MoA Clear**<br>**Passage 2055**<br>**Fund** |
|  INVESTMENT INCOME AND EXPENSES |  |  |  |  |  |
|  Investment Income: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated dividend income (Notes 2 and 4) | $36300376 | $28989244 | $28362348 | $21317061 | $12378661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated dividend income |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | 404 | 333 | 346 | 292 | 146 |
|  Total investment income | 36300780 | 28989577 | 28362694 | 21317353 | 12378807 |
|  Expenses |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment advisory fees (Note 3) | 726395 | 628656 | 648057 | 510871 | 302106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Administrative fee (Note 3) | 435837 | 377193 | 388834 | 306522 | 181264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other operating expenses |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Custody and Fund administration expenses | 165680 | 144576 | 148741 | 119224 | 74381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shareholders reports | 34457 | 30032 | 30876 | 24711 | 15297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shareholder service fees | 1452791 | 1257312 | 1296113 | 1021742 | 604213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer agent fees | 37777 | 37607 | 38265 | 38216 | 38161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Independent directors' fees and expenses | 38198 | 38198 | 38198 | 38198 | 38198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Audit and Tax Expense | 48278 | 48278 | 48278 | 48278 | 48278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Legal | 29230 | 29231 | 29231 | 29231 | 29230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Licenses |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registration fees | 32722 | 32890 | 34117 | 29750 | 34905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous | 41122 | 38707 | 38259 | 33067 | 27311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other operating expenses | 1880255 | 1656831 | 1702078 | 1382417 | 909974 |
|  Total expenses before waiver/reimbursement | 3042487 | 2662680 | 2738969 | 2199810 | 1393344 |
|  Fee waiver and expense reimbursement (Note 3) | (116223) | (100585) | (103689) | (81739) | (48337) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net expenses | 2926264 | 2562095 | 2635280 | 2118071 | 1345007 |
|  Net Investment Income (Loss) | 33374516 | 26427482 | 25727414 | 19199282 | 11033800 |
|  Net Realized and Unrealized Gain (Loss) on Investments, Futures Contracts and Foreign Currency Translations (Note 2) |  |  |  |  |  |
|  Net realized gain (loss) on: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated Investment securities (Notes 2 and 4) | 29140048 | 22864379 | 22424565 | 22189564 | 6643963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated Investment securities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures contracts (Note 2) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain distributions from Affiliated Funds (Note 4) | 69923196 | 69326526 | 77961111 | 62471626 | 39171525 |
|  | 99063244 | 92190905 | 100385676 | 84661190 | 45815488 |
|  Change in net unrealized appreciation (depreciation) of: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated Investment securities (Notes 2 and 4) | 74984937 | 79069264 | 86586098 | 65108803 | 45536909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated Investment securities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures contracts (Note 2) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation |  |  |  |  |  |
|  | 74984937 | 79069264 | 86586098 | 65108803 | 45536909 |
|  Net Realized and Unrealized Gain (Loss) on Investments, Futures Contracts and Foreign Currency Translations | 174048181 | 171260169 | 186971774 | 149769993 | 91352397 |
|  Net Increase (Decrease) in Net Assets Resulting from Operations | $207422697 | $197687651 | $212699188 | $168969275 | $102386197 |

---

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF OPERATIONS (Continued)

#### For the Year Ended December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Clear**<br>**Passage 2060**<br>**Fund** | **MoA Clear**<br>**Passage 2065**<br>**Fund** | **MoA Clear**<br>**Passage 2070**<br>**Fund(a)** | **MoA**<br>**Conservative**<br>**Allocation<br>Fund** | **MoA Moderate**<br>**Allocation<br>Fund** |
|  INVESTMENT INCOME AND EXPENSES |  |  |  |  |  |
|  Investment Income: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated dividend income (Notes 2 and 4) | $7062753 | $3061051 | $40899 | $4606485 | $10376172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated dividend income |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | 71 | 102 |  | 7 | 5 |
|  Total investment income | 7062824 | 3061153 | 40899 | 4606492 | 10376177 |
|  Expenses |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment advisory fees (Note 3) | 173836 | 75390 | 777 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Administrative fee (Note 3) | 104301 | 45234 | 466 | 44447 | 117103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other operating expenses |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Custody and Fund administration expenses | 46613 | 25437 | 4080 | 21748 | 47010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shareholders reports | 9379 | 4733 | 346 | 3709 | 9632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shareholder service fees | 347671 | 150780 | 1555 | 29 | 343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer agent fees | 37550 | 35305 | 16241 | 22438 | 22963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Independent directors' fees and expenses | 38198 | 38198 | 23489 | 38198 | 38198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Audit and Tax Expense | 48278 | 48278 | 36167 | 55278 | 48888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Legal | 29231 | 29230 | 21249 | 29231 | 29230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Licenses |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registration fees | 28040 | 23498 | 25049 | 19486 | 21286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous | 22593 | 19406 | 6563 | 14752 | 17840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other operating expenses | 607553 | 374865 | 134739 | 204869 | 235390 |
|  Total expenses before waiver/reimbursement | 885690 | 495489 | 135982 | 249316 | 352493 |
|  Fee waiver and expense reimbursement (Note 3) | (27814) | (12063) | (132406) | (11852) | (31227) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net expenses | 857876 | 483426 | 3576 | 237464 | 321266 |
|  Net Investment Income (Loss) | 6204948 | 2577727 | 37323 | 4369028 | 10054911 |
|  Net Realized and Unrealized Gain (Loss) on Investments, Futures Contracts and Foreign Currency Translations (Note 2) |  |  |  |  |  |
|  Net realized gain (loss) on: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated Investment securities (Notes 2 and 4) | 898037 | 2823088 | 24983 | 627342 | 12928201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated Investment securities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures contracts (Note 2) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain distributions from Affiliated Funds (Note 4) | 22924910 | 10676709 | 236363 | 5062654 | 17515037 |
|  | 23822947 | 13499797 | 261346 | 5689996 | 30443238 |
|  Change in net unrealized appreciation (depreciation) of: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated Investment securities (Notes 2 and 4) | 29783265 | 9796072 | 30101 | 5433156 | 15128591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated Investment securities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures contracts (Note 2) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation |  |  |  |  |  |
|  | 29783265 | 9796072 | 30101 | 5433156 | 15128591 |
|  Net Realized and Unrealized Gain (Loss) on Investments, Futures Contracts and Foreign Currency Translations | 53606212 | 23295869 | 291447 | 11123152 | 45571829 |
|  Net Increase (Decrease) in Net Assets Resulting from Operations | $59811160 | $25873596 | $328770 | $15492180 | $55626740 |

---

(a) For the period May 1, 2025 (commencement of operations) to December 31, 2025.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF OPERATIONS (Continued)

#### For the Year Ended December 31, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **MoA**<br>**Aggressive**<br>**Allocation**<br>**Fund** | **MoA US**<br>**Government**<br>**Money Market**<br>**Fund** | **MoA**<br>**Intermediate**<br>**Bond Fund** | **MoA Core**<br>**Bond Fund** |
|  INVESTMENT INCOME AND EXPENSES |  |  |  |  |
|  Investment Income: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated dividend income (Notes 2 and 4) | $7026563 | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated dividend income |  | 6302 | 10090 | 11168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | 4 | 22085267 | 40894198 | 100034108 |
|  Total investment income | 7026567 | 22091569 | 40904288 | 100045276 |
|  Expenses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment advisory fees (Note 3) |  | 784423 | 3767217 | 8689776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Administrative fee (Note 3) | 99330 | 156885 | 282541 | 668444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other operating expenses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Custody and Fund administration expenses | 41824 | 61485 | 124044 | 300867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shareholders reports | 7915 | 12471 | 21249 | 52479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shareholder service fees | 427 |  | 192 | 78 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer agent fees | 23474 | 27397 | 23554 | 25358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Independent directors' fees and expenses | 38198 | 38198 | 38198 | 38198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Audit and Tax Expense | 48888 | 50620 | 68437 | 67750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Legal | 29230 | 29230 | 29230 | 29230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Licenses |  | 2530 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registration fees | 21286 | 21599 | 21286 | 21661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miscellaneous | 17169 | 13274 | 31457 | 66125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other operating expenses | 228411 | 256804 | 357647 | 601746 |
|  Total expenses before waiver/reimbursement | 327741 | 1198112 | 4407405 | 9959966 |
|  Fee waiver and expense reimbursement (Note 3) | (26488) | (41836) | (75344) | (178252) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net expenses | 301253 | 1156276 | 4332061 | 9781714 |
|  Net Investment Income (Loss) | 6725314 | 20935293 | 36572227 | 90263562 |
|  Net Realized and Unrealized Gain (Loss) on |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments, Futures Contracts and Foreign |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency Translations (Note 2) |  |  |  |  |
|  Net realized gain (loss) on: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated Investment securities (Notes 2 and 4) | 11483886 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated Investment securities |  | 3686 | (2306839) | (1249629) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures contracts (Note 2) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain distributions from Affiliated Funds (Note 4) | 17727656 |  |  |  |
|  | 29211542 | 3686 | (2306839) | (1249629) |
|  Change in net unrealized appreciation (depreciation) of: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated Investment securities (Notes 2 and 4) | 13673543 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated Investment securities |  |  | 25241371 | 73057443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures contracts (Note 2) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation |  |  |  |  |
|  | 13673543 |  | 25241371 | 73057443 |
|  Net Realized and Unrealized Gain (Loss) on Investments, Futures Contracts and Foreign Currency Translations | 42885085 | 3686 | 22934532 | 71807814 |
|  Net Increase (Decrease) in Net Assets Resulting from Operations | $49610399 | $20938979 | $59506759 | $162071376 |

---

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF CHANGES IN NET ASSETS

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **MoA Equity Index Fund** | **MoA Equity Index Fund** | **MoA All America Fund** | **MoA All America Fund** |
|  | **For the**<br>**Year Ended**<br>**December 31, 2025** | **For the**<br>**Year Ended**<br>**December 31, 2024** | **For the**<br>**Year Ended<br>December 31, 2025** | **For the**<br>**Year Ended**<br>**December 31, 2024** |
|  Increase (Decrease) in Net Assets from Operations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $67964577 | $72253681 | $2393070 | $2998435 |
|  Net realized and unrealized gain (loss): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments, futures contracts and foreign currency translations | 504131247 | 512642315 | 37013419 | 38275380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in net unrealized appreciation (depreciation) of investments, futures contracts and foreign currency translations | 384041984 | 656949610 | (5985667) | 12512028 |
|  | 888173231 | 1169591925 | 31027752 | 50787408 |
|  Net Increase (Decrease) in Net Assets Resulting from Operations | 956137808 | 1241845606 | 33420822 | 53785843 |
|  Distributions (Notes 2 and 6) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions from distributable earnings | (671892172) | (504522692) | (43744756) | (33338493) |
|  Net Increase (Decrease) in Net Assets from Distributions | (671892172) | (504522692) | (43744756) | (33338493) |
|  Capital Transactions (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from the sale of shares | 453289446 | 538969151 | 4241307 | 5184267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions reinvested | 671879118 | 504506272 | 43740678 | 33321942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of shares redeemed | (1103575227) | (1113425088) | (49882760) | (49455022) |
|  Net Increase (Decrease) in Net Assets from Capital Transactions | 21593337 | (69949665) | (1900775) | (10948813) |
|  Total Increase (Decrease) in Net Assets | 305838973 | 667373249 | (12224709) | 9498537 |
|  Net Assets, Beginning of Year | 5867961953 | 5200588704 | 308643745 | 299145208 |
|  Net Assets, End of Year | $6173800926 | $5867961953 | $296419036 | $308643745 |
|  Other Information (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at beginning of Year | 88017819 | 89220905 | 13384323 | 13864620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued | 6563493 | 8137426 | 178374 | 221899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued as reinvestment of distributions | 9520023 | 7372740 | 1939045 | 1390847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares redeemed | (15933676) | (16713252) | (2095345) | (2093043) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | 149840 | (1203086) | 22074 | (480297) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at end of Year | 88167659 | 88017819 | 13406397 | 13384323 |

---

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF CHANGES IN NET ASSETS (Continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **MoA Small Cap Value Fund** | **MoA Small Cap Value Fund** | **MoA Small Cap Growth Fund** | **MoA Small Cap Growth Fund** |
|  | **For the<br>Year Ended<br>December 31, 2025** | **For the<br>Year Ended<br>December 31, 2024** | **For the<br>Year Ended<br>December 31, 2025** | **For the<br>Year Ended<br>December 31, 2024** |
|  Increase (Decrease) in Net Assets from Operations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $4776692 | $5254063 | $(615630) | $(757916) |
|  Net realized and unrealized gain (loss): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments, futures contracts and foreign currency translations | 16360446 | 22265194 | 6458829 | 19141684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in net unrealized appreciation (depreciation) of investments, futures contracts and foreign currency translations | (12388679) | 13934625 | 30001459 | 19798940 |
|  | 3971767 | 36199819 | 36460288 | 38940624 |
|  Net Increase (Decrease) in Net Assets Resulting from Operations | 8748459 | 41453882 | 35844658 | 38182708 |
|  Distributions (Notes 2 and 6) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions from distributable earnings | (18314641) | (23218555) | (3977561) | (6326238) |
|  Net Increase (Decrease) in Net Assets from Distributions | (18314641) | (23218555) | (3977561) | (6326238) |
|  Capital Transactions (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from the sale of shares | 36894627 | 29588205 | 64167467 | 23513635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions reinvested | 18313479 | 23217127 | 3977561 | 6326238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of shares redeemed | (76658492) | (82717265) | (72145170) | (80094663) |
|  Net Increase (Decrease) in Net Assets from Capital Transactions | (21450386) | (29911933) | (4000142) | (50254790) |
|  Total Increase (Decrease) in Net Assets | (31016568) | (11676606) | 27866955 | (18398320) |
|  Net Assets, Beginning of Year | 397699930 | 409376536 | 397691404 | 416089724 |
|  Net Assets, End of Year | $366683362 | $397699930 | $425558359 | $397691404 |
|  Other Information (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at beginning of Year | 27418645 | 29655222 | 28872840 | 32712005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued | 2749725 | 2055419 | 4812467 | 1749186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued as reinvestment of distributions | 1267107 | 1536722 | 255792 | 437802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares redeemed | (5398406) | (5828718) | (5203869) | (6026153) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | (1381574) | (2236577) | (135610) | (3839165) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at end of Year | 26037071 | 27418645 | 28737230 | 28872840 |

---

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF CHANGES IN NET ASSETS (Continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **MoA Small Cap Equity Index Fund** | **MoA Small Cap Equity Index Fund** | **MoA Mid Cap Value Fund** | **MoA Mid Cap Value Fund** |
|  | **For the**<br>**Year Ended**<br>**December 31, 2025** | **For the**<br>**Year Ended**<br>**December 31, 2024** | **For the**<br>**Year Ended**<br>**December 31, 2025** | **For the**<br>**Year Ended**<br>**December 31, 2024** |
|  Increase (Decrease) in Net Assets from Operations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $2825393 | $3382084 | $2307136 | $2912025 |
|  Net realized and unrealized gain (loss): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments, futures contracts and foreign currency translations | 9532570 | 8748213 | 8655406 | 9972244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in net unrealized appreciation (depreciation) of investments, futures contracts and foreign currency translations | (3983316) | 4608208 | (7248223) | 3435684 |
|  | 5549254 | 13356421 | 1407183 | 13407928 |
|  Net Increase (Decrease) in Net Assets Resulting from Operations | 8374647 | 16738505 | 3714319 | 16319953 |
|  Distributions (Notes 2 and 6) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions from distributable earnings | (8755723) | (11056800) | (14918586) | (11457434) |
|  Net Increase (Decrease) in Net Assets from Distributions | (8755723) | (11056800) | (14918586) | (11457434) |
|  Capital Transactions (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from the sale of shares | 27787710 | 35939780 | 19717353 | 82574142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions reinvested | 8755723 | 11056800 | 14918586 | 11457434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of shares redeemed | (75714985) | (47678395) | (51189402) | (42986598) |
|  Net Increase (Decrease) in Net Assets from Capital Transactions | (39171552) | (681815) | (16553463) | 51044978 |
|  Total Increase (Decrease) in Net Assets | (39552628) | 4999890 | (27757730) | 55907497 |
|  Net Assets, Beginning of Year | 210033937 | 205034047 | 213053274 | 157145777 |
|  Net Assets, End of Year | $170481309 | $210033937 | $185295544 | $213053274 |
|  Other Information (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at beginning of Year | 19961552 | 20074684 | 12478741 | 9654349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued | 2766450 | 3412737 | 1172864 | 4684934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued as reinvestment of distributions | 813259 | 1008894 | 906041 | 644454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares redeemed | (7421198) | (4534763) | (3062629) | (2504996) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | (3841489) | (113132) | (983724) | 2824392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at end of Year | 16120063 | 19961552 | 11495017 | 12478741 |

---

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF CHANGES IN NET ASSETS (Continued)

---

| | | | |
|:---|:---|:---|:---|
|  | **MoA Mid Cap<br>Growth Fund** | **MoA Mid Cap Equity Index Fund** | **MoA Mid Cap Equity Index Fund** |
|  | **For the**<br>**Period Ended**<br>**December 31,**<br>**2025(a)** | **For the**<br>**Year Ended**<br>**December 31, 2025** | **For the**<br>**Year Ended**<br>**December 31, 2024** |
|  Increase (Decrease) in Net Assets from Operations |  |  |  |
|  Net investment income (loss) | $54915 | $20280560 | $21794452 |
|  Net realized and unrealized gain (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments, futures contracts and foreign currency translations | (903298) | 135916905 | 113411588 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in net unrealized appreciation (depreciation) of investments, futures contracts and foreign currency translations | (3480928) | (60070290) | 62823307 |
|  | (4384226) | 75846615 | 176234895 |
|  Net Increase (Decrease) in Net Assets Resulting from Operations | (4329311) | 96127175 | 198029347 |
|  Distributions (Notes 2 and 6) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from distributable earnings | (63237) | (144782843) | (138414946) |
|  Net Increase (Decrease) in Net Assets from Distributions | (63237) | (144782843) | (138414946) |
|  Capital Transactions (Note 5) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Proceeds from the sale of shares | 113626175 | 92822643 | 131251213 |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions reinvested | 63237 | 144779733 | 138408487 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost of shares redeemed | (2813025) | (399191649) | (288382238) |
|  Net Increase (Decrease) in Net Assets from Capital Transactions | 110876387 | (161589273) | (18722538) |
|  Total Increase (Decrease) in Net Assets | 106483839 | (210244941) | 40891863 |
|  Net Assets, Beginning of Year |  | 1541792780 | 1500900917 |
|  Net Assets, End of Year | $106483839 | $1331547839 | $1541792780 |
|  Other Information (Note 5) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at beginning of Year |  | 73711336 | 74653665 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares issued | 11349496 | 4500982 | 6097328 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares issued as reinvestment of distributions | 6379 | 7010493 | 6290847 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares redeemed | (284099) | (18964307) | (13330504) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | 11071776 | (7452832) | (942329) |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at end of Year | 11071776 | 66258504 | 73711336 |

---

(a) For the period September 8, 2025 (commencement of operations) to December 31, 2025.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF CHANGES IN NET ASSETS (Continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **MoA Balanced Fund** | **MoA Balanced Fund** | **MoA International Fund** | **MoA International Fund** |
|  | **For the<br>Year Ended<br>December 31, 2025** | **For the<br>Year Ended<br>December 31, 2024** | **For the<br>Year Ended<br>December 31, 2025** | **For the<br>Year Ended<br>December 31, 2024** |
|  Increase (Decrease) in Net Assets from Operations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $4155245 | $4019079 | $52976696 | $48926562 |
|  Net realized and unrealized gain (loss): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments, futures contracts and foreign currency translations | 18931756 | 16518011 | 55731665 | 11324173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in net unrealized appreciation (depreciation) of investments, futures contracts and foreign currency translations | 12058557 | 10875359 | 496119341 | 11762862 |
|  | 30990313 | 27393370 | 551851006 | 23087035 |
|  Net Increase (Decrease) in Net Assets Resulting from Operations | 35145558 | 31412449 | 604827702 | 72013597 |
|  Distributions (Notes 2 and 6) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions from distributable earnings | (22780617) | (16661536) | (73454002) | (60672335) |
|  Net Increase (Decrease) in Net Assets from Distributions | (22780617) | (16661536) | (73454002) | (60672335) |
|  Capital Transactions (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from the sale of shares | 21280053 | 7806351 | 215073853 | 367635251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions reinvested | 22776980 | 16661536 | 73447245 | 60672335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of shares redeemed | (42804789) | (26952358) | (261643721) | (243229184) |
|  Net Increase (Decrease) in Net Assets from Capital Transactions | 1252244 | (2484471) | 26877377 | 185078402 |
|  Total Increase (Decrease) in Net Assets | 13617185 | 12266442 | 558251077 | 196419664 |
|  Net Assets, Beginning of Year | 198804149 | 186537707 | 1656146342 | 1459726678 |
|  Net Assets, End of Year | $212421334 | $198804149 | $2214397419 | $1656146342 |
|  Other Information (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at beginning of Year | 9781899 | 9913926 | 199340544 | 177964034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued | 966824 | 378967 | 21819558 | 42650996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued as reinvestment of distributions | 1047534 | 806389 | 7106957 | 6963577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares redeemed | (1959647) | (1317383) | (26904721) | (28238063) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | 54711 | (132027) | 2021794 | 21376510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at end of Year | 9836610 | 9781899 | 201362338 | 199340544 |

---

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF CHANGES IN NET ASSETS (Continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **MoA Catholic Values Index Fund** | **MoA Catholic Values Index Fund** | **MoA Retirement Income Fund** | **MoA Retirement Income Fund** |
|  | **For the**<br>**Year Ended<br>December 31, 2025** | **For the<br>Year Ended<br>December 31, 2024** | **For the<br>Year Ended<br>December 31, 2025** | **For the<br>Year Ended<br>December 31, 2024** |
|  Increase (Decrease) in Net Assets from Operations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $82922 | $75197 | $8314241 | $6173608 |
|  Net realized and unrealized gain (loss): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments, futures contracts and foreign currency translations | 311648 | 249473 | 5669295 | 22730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in net unrealized appreciation (depreciation) of investments, futures contracts and foreign currency translations | 961655 | 1030408 | 15496307 | 7787536 |
|  | 1273303 | 1279881 | 21165602 | 7810266 |
|  Net Increase (Decrease) in Net Assets Resulting from Operations | 1356225 | 1355078 | 29479843 | 13983874 |
|  Distributions (Notes 2 and 6) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions from distributable earnings | (400966) | (316012) | (12747274) | (10765437) |
|  Net Increase (Decrease) in Net Assets from Distributions | (400966) | (316012) | (12747274) | (10765437) |
|  Capital Transactions (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from the sale of shares | 1391791 | 912456 | 35144529 | 38593244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued in merger (Note 7) |  |  | 100617168 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions reinvested | 400966 | 316012 | 12747274 | 10765437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of shares redeemed | (433670) | (451328) | (75158352) | (52012273) |
|  Net Increase (Decrease) in Net Assets from Capital Transactions | 1359087 | 777140 | 73350619 | (2653592) |
|  Total Increase (Decrease) in Net Assets | 2314346 | 1816206 | 90083188 | 564845 |
|  Net Assets, Beginning of Year | 7553362 | 5737156 | 207924545 | 207359700 |
|  Net Assets, End of Year | $9867708 | $7553362 | $298007733 | $207924545 |
|  Other Information (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at beginning of Year | 474249 | 424687 | 18773469 | 19017410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued | 81085 | 60002 | 3030755 | 3412192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued in merger (Note 7) |  |  | 9018946 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued as reinvestment of distributions | 22373 | 19466 | 1092879 | 965427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares redeemed | (26920) | (29906) | (6509373) | (4621560) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | 76538 | 49562 | 6633207 | (243941) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at end of Year | 550787 | 474249 | 25406676 | 18773469 |

---

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF CHANGES IN NET ASSETS (Continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **MoA Clear Passage 2020 Fund** | **MoA Clear Passage 2020 Fund** | **MoA Clear Passage 2025 Fund** | **MoA Clear Passage 2025 Fund** |
|  | **For the<br>Year Ended<br>December 31, 2025** | **For the<br>Year Ended<br>December 31, 2024** | **For the<br>Year Ended<br>December 31, 2025** | **For the<br>Year Ended<br>December 31, 2024** |
|  Increase (Decrease) in Net Assets from Operations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $12410916 | $13783466 | $29124889 | $30629660 |
|  Net realized and unrealized gain (loss): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments, futures contracts and foreign currency translations | 11706038 | 12544951 | 45069518 | 45455152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in net unrealized appreciation (depreciation) of investments, futures contracts and foreign currency translations | 20645707 | 10992231 | 53937942 | 27908572 |
|  | 32351745 | 23537182 | 99007460 | 73363724 |
|  Net Increase (Decrease) in Net Assets Resulting from Operations | 44762661 | 37320648 | 128132349 | 103993384 |
|  Distributions (Notes 2 and 6) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions from distributable earnings | (29886891) | (28210119) | (85535774) | (80504666) |
|  Net Increase (Decrease) in Net Assets from Distributions | (29886891) | (28210119) | (85535774) | (80504666) |
|  Capital Transactions (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from the sale of shares | 23656794 | 25649032 | 93758441 | 90991252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions reinvested | 29886891 | 28210119 | 85535774 | 80504666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of shares redeemed | (119908885) | (95168441) | (266248078) | (212427905) |
|  Net Increase (Decrease) in Net Assets from Capital Transactions | (66365200) | (41309290) | (86953863) | (40931987) |
|  Total Increase (Decrease) in Net Assets | (51489430) | (32198761) | (44357288) | (17443269) |
|  Net Assets, Beginning of Year | 459141775 | 491340536 | 1111402725 | 1128845994 |
|  Net Assets, End of Year | $407652345 | $459141775 | $1067045437 | $1111402725 |
|  Other Information (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at beginning of Year | 44342323 | 48246361 | 92144987 | 95398941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued | 2183902 | 2422179 | 7379882 | 7325873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued as reinvestment of distributions | 2789697 | 2694314 | 6818362 | 6580406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares redeemed | (11175087) | (9020531) | (21193619) | (17160233) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | (6201488) | (3904038) | (6995375) | (3253954) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at end of Year | 38140835 | 44342323 | 85149612 | 92144987 |

---

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF CHANGES IN NET ASSETS (Continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **MoA Clear Passage 2030 Fund** | **MoA Clear Passage 2030 Fund** | **MoA Clear Passage 2035 Fund** | **MoA Clear Passage 2035 Fund** |
|  | **For the<br>Year Ended<br>December 31, 2025** | **For the<br>Year Ended<br>December 31, 2024** | **For the<br>Year Ended<br>December 31, 2025** | **For the<br>Year Ended<br>December 31, 2024** |
|  Increase (Decrease) in Net Assets from Operations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $35942813 | $34582555 | $33374516 | $31074634 |
|  Net realized and unrealized gain (loss): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments, futures contracts and foreign currency translations | 83299945 | 70936342 | 99063244 | 96698215 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in net unrealized appreciation (depreciation) of investments, futures contracts and foreign currency translations | 66283101 | 38422996 | 74984937 | 33734556 |
|  | 149583046 | 109359338 | 174048181 | 130432771 |
|  Net Increase (Decrease) in Net Assets Resulting from Operations | 185525859 | 143941893 | 207422697 | 161507405 |
|  Distributions (Notes 2 and 6) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from distributable earnings | (122975560) | (98201001) | (134245451) | (113312499) |
|  Net Increase (Decrease) in Net Assets from Distributions | (122975560) | (98201001) | (134245451) | (113312499) |
|  Capital Transactions (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Proceeds from the sale of shares | 147809777 | 135189970 | 155809509 | 165895140 |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions reinvested | 122975560 | 98201001 | 134245451 | 113312499 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost of shares redeemed | (240869221) | (179465644) | (209831818) | (159242743) |
|  Net Increase (Decrease) in Net Assets from Capital Transactions | 29916116 | 53925327 | 80223142 | 119964896 |
|  Total Increase (Decrease) in Net Assets | 92466415 | 99666219 | 153400388 | 168159802 |
|  Net Assets, Beginning of Year | 1408740700 | 1309074481 | 1399229098 | 1231069296 |
|  Net Assets, End of Year | $1501207115 | $1408740700 | $1552629486 | $1399229098 |
|  Other Information (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at beginning of Year | 105328827 | 101358436 | 99488517 | 91087947 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares issued | 10457283 | 9885998 | 10452256 | 11479382 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares issued as reinvestment of distributions | 8795914 | 7248786 | 9079900 | 7934837 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares redeemed | (17174575) | (13164393) | (14172022) | (11013649) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | 2078622 | 3970391 | 5360134 | 8400570 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at end of Year | 107407449 | 105328827 | 104848651 | 99488517 |

---

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF CHANGES IN NET ASSETS (Continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **MoA Clear Passage 2040 Fund** | **MoA Clear Passage 2040 Fund** | **MoA Clear Passage 2045 Fund** | **MoA Clear Passage 2045 Fund** |
|  | **For the<br>Year Ended<br>December 31, 2025** | **For the<br>Year Ended<br>December 31, 2024** | **For the<br>Year Ended<br>December 31, 2025** | **For the<br>Year Ended<br>December 31, 2024** |
|  Increase (Decrease) in Net Assets from Operations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $26427482 | $24865232 | $25727414 | $24447263 |
|  Net realized and unrealized gain (loss): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments, futures contracts and foreign currency translations | 92190905 | 95800629 | 100385676 | 105848703 |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in net unrealized appreciation (depreciation) of investments, futures contracts and foreign currency translations | 79069264 | 27847991 | 86586098 | 28673695 |
|  | 171260169 | 123648620 | 186971774 | 134522398 |
|  Net Increase (Decrease) in Net Assets Resulting from Operations | 197687651 | 148513852 | 212699188 | 158969661 |
|  Distributions (Notes 2 and 6) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from distributable earnings | (108478542) | (100371526) | (114521496) | (104644513) |
|  Net Increase (Decrease) in Net Assets from Distributions | (108478542) | (100371526) | (114521496) | (104644513) |
|  Capital Transactions (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Proceeds from the sale of shares | 136738564 | 127467009 | 129152208 | 122022620 |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions reinvested | 108478542 | 100371526 | 114521496 | 104644513 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost of shares redeemed | (190213146) | (110243511) | (171554803) | (117990849) |
|  Net Increase (Decrease) in Net Assets from Capital Transactions | 55003960 | 117595024 | 72118901 | 108676284 |
|  Total Increase (Decrease) in Net Assets | 144213069 | 165737350 | 170296593 | 163001432 |
|  Net Assets, Beginning of Year | 1203562143 | 1037824793 | 1231626232 | 1068624800 |
|  Net Assets, End of Year | $1347775212 | $1203562143 | $1401922825 | $1231626232 |
|  Other Information (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at beginning of Year | 84624705 | 76507647 | 87561925 | 79927633 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares issued | 9004415 | 8704106 | 8583425 | 8441741 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares issued as reinvestment of distributions | 7126878 | 6949081 | 7576963 | 7328318 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares redeemed | (12580617) | (7536129) | (11467861) | (8135767) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | 3550676 | 8117058 | 4692527 | 7634292 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at end of Year | 88175381 | 84624705 | 92254452 | 87561925 |

---

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF CHANGES IN NET ASSETS (Continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **MoA Clear Passage 2050 Fund** | **MoA Clear Passage 2050 Fund** | **MoA Clear Passage 2055 Fund** | **MoA Clear Passage 2055 Fund** |
|  | **For the<br>Year Ended<br>December 31, 2025** | **For the<br>Year Ended<br>December 31, 2024** | **For the<br>Year Ended<br>December 31, 2025** | **For the<br>Year Ended<br>December 31, 2024** |
|  Increase (Decrease) in Net Assets from Operations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $19199282 | $18389944 | $11033800 | $10143682 |
|  Net realized and unrealized gain (loss): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments, futures contracts and foreign currency translations | 84661190 | 73658784 | 45815488 | 39186168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in net unrealized appreciation (depreciation) of investments, futures contracts and foreign currency translations | 65108803 | 36269647 | 45536909 | 22946424 |
|  | 149769993 | 109928431 | 91352397 | 62132592 |
|  Net Increase (Decrease) in Net Assets Resulting from Operations | 168969275 | 128318375 | 102386197 | 72276274 |
|  Distributions (Notes 2 and 6) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions from distributable earnings | (94914659) | (67915736) | (49697193) | (37269115) |
|  Net Increase (Decrease) in Net Assets from Distributions | (94914659) | (67915736) | (49697193) | (37269115) |
|  Capital Transactions (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from the sale of shares | 110233858 | 109890457 | 97810828 | 89167656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions reinvested | 94914659 | 67915736 | 49697193 | 37269115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of shares redeemed | (151910382) | (91346006) | (87995686) | (50930153) |
|  Net Increase (Decrease) in Net Assets from Capital Transactions | 53238135 | 86460187 | 59512335 | 75506618 |
|  Total Increase (Decrease) in Net Assets | 127292751 | 146862826 | 112201339 | 110513777 |
|  Net Assets, Beginning of Year | 976609645 | 829746819 | 560993268 | 450479491 |
|  Net Assets, End of Year | $1103902396 | $976609645 | $673194607 | $560993268 |
|  Other Information (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at beginning of Year | 53346612 | 48668561 | 38032194 | 32950909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued | 5638962 | 5941385 | 6183395 | 5989223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued as reinvestment of distributions | 4837981 | 3671142 | 3100361 | 2503771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares redeemed | (7812919) | (4934476) | (5610044) | (3411709) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | 2664024 | 4678051 | 3673712 | 5081285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at end of Year | 56010636 | 53346612 | 41705906 | 38032194 |

---

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF CHANGES IN NET ASSETS (Continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **MoA Clear Passage 2060 Fund** | **MoA Clear Passage 2060 Fund** | **MoA Clear Passage 2065 Fund** | **MoA Clear Passage 2065 Fund** |
|  | **For the<br>Year Ended<br>December 31, 2025** | **For the<br>Year Ended<br>December 31, 2024** | **For the<br>Year Ended<br>December 31, 2025** | **For the<br>Year Ended<br>December 31, 2024** |
|  Increase (Decrease) in Net Assets from Operations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $6204948 | $5417717 | $2577727 | $2040935 |
|  Net realized and unrealized gain (loss): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments, futures contracts and foreign currency translations | 23822947 | 19258522 | 13499797 | 6636479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in net unrealized appreciation (depreciation) of investments, futures contracts and foreign currency translations | 29783265 | 14233372 | 9796072 | 4454789 |
|  | 53606212 | 33491894 | 23295869 | 11091268 |
|  Net Increase (Decrease) in Net Assets Resulting from Operations | 59811160 | 38909611 | 25873596 | 13132203 |
|  Distributions (Notes 2 and 6) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions from distributable earnings | (23828024) | (18719133) | (10909874) | (5228439) |
|  Net Increase (Decrease) in Net Assets from Distributions | (23828024) | (18719133) | (10909874) | (5228439) |
|  Capital Transactions (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from the sale of shares | 74264381 | 65650855 | 56463786 | 50121552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions reinvested | 23828024 | 18719133 | 10909874 | 5228439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of shares redeemed | (48505509) | (26773333) | (20138523) | (8774863) |
|  Net Increase (Decrease) in Net Assets from Capital Transactions | 49586896 | 57596655 | 47235137 | 46575128 |
|  Total Increase (Decrease) in Net Assets | 85570032 | 77787133 | 62198859 | 54478892 |
|  Net Assets, Beginning of Year | 311077724 | 233290591 | 122186691 | 67707799 |
|  Net Assets, End of Year | $396647756 | $311077724 | $184385550 | $122186691 |
|  Other Information (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at beginning of Year | 24519592 | 19968768 | 9286050 | 5692295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued | 5481311 | 5168322 | 4016660 | 3862704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued as reinvestment of distributions | 1705503 | 1464631 | 753611 | 396964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares redeemed | (3586569) | (2082129) | (1427871) | (665913) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | 3600245 | 4550824 | 3342400 | 3593755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at end of Year | 28119837 | 24519592 | 12628450 | 9286050 |

---

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF CHANGES IN NET ASSETS (Continued)

---

| | | | |
|:---|:---|:---|:---|
|  | **MoA Clear Passage<br>2070 Fund** | **MoA Conservative Allocation Fund** | **MoA Conservative Allocation Fund** |
|  | **For the Period Ended<br>December 31, 2025(a)** | **For the<br>Year Ended<br>December 31, 2025** | **For the<br>Year Ended<br>December 31, 2024** |
|  Increase (Decrease) in Net Assets from Operations |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $37323 | $4369028 | $4482489 |
|  Net realized and unrealized gain (loss): |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments, futures contracts and foreign currency translations | 261346 | 5689996 | 3558018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in net unrealized appreciation (depreciation) of investments, futures contracts and foreign currency translations | 30101 | 5433156 | 4208215 |
|  | 291447 | 11123152 | 7766233 |
|  Net Increase (Decrease) in Net Assets Resulting from Operations | 328770 | 15492180 | 12248722 |
|  Distributions (Notes 2 and 6) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions from distributable earnings | (65655) | (10135238) | (8256023) |
|  Net Increase (Decrease) in Net Assets from Distributions | (65655) | (10135238) | (8256023) |
|  Capital Transactions (Note 5) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from the sale of shares | 4641683 | 8610904 | 9647786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions reinvested | 65655 | 10135238 | 8256023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of shares redeemed | (141716) | (30253540) | (27236289) |
|  Net Increase (Decrease) in Net Assets from Capital Transactions | 4565622 | (11507398) | (9332480) |
|  Total Increase (Decrease) in Net Assets | 4828737 | (6150456) | (5339781) |
|  Net Assets, Beginning of Year |  | 152601480 | 157941261 |
|  Net Assets, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4828737 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146451024 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152601480 |
|  Other Information (Note 5) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at beginning of Year |  | 13347683 | 14155969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued | 419809 | 723069 | 833996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued as reinvestment of distributions | 5723 | 855669 | 715234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares redeemed | (12173) | (2550514) | (2357516) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | 413359 | (971776) | (808286) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at end of Year | 413359 | 12375907 | 13347683 |

---

(a) For the period May 1, 2025 (commencement of operations) to December 31, 2025.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF CHANGES IN NET ASSETS (Continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **MoA Moderate Allocation Fund** | **MoA Moderate Allocation Fund** | **MoA Aggressive Allocation Fund** | **MoA Aggressive Allocation Fund** |
|  | **For the<br>Year Ended<br>December 31, 2025** | **For the<br>Year Ended<br>December 31, 2024** | **For the<br>Year Ended<br>December 31, 2025** | **For the<br>Year Ended<br>December 31, 2024** |
|  Increase (Decrease) in Net Assets from Operations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $10054911 | $10140280 | $6725314 | $7003416 |
|  Net realized and unrealized gain (loss): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments, futures contracts and foreign currency translations | 30443238 | 24834186 | 29211542 | 24301030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in net unrealized appreciation (depreciation) of investments, futures contracts and foreign currency translations | 15128591 | 8803109 | 13673543 | 11150640 |
|  | 45571829 | 33637295 | 42885085 | 35451670 |
|  Net Increase (Decrease) in Net Assets Resulting from Operations | 55626740 | 43777575 | 49610399 | 42455086 |
|  Distributions (Notes 2 and 6) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions from distributable earnings | (38659723) | (34443135) | (33396361) | (28180313) |
|  Net Increase (Decrease) in Net Assets from Distributions | (38659723) | (34443135) | (33396361) | (28180313) |
|  Capital Transactions (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from the sale of shares | 12281770 | 9326258 | 5632099 | 11537710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Distributions reinvested | 38659723 | 34443135 | 33396361 | 28180313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of shares redeemed | (69992869) | (59512579) | (52001913) | (54406107) |
|  Net Increase (Decrease) in Net Assets from Capital Transactions | (19051376) | (15743186) | (12973453) | (14688084) |
|  Total Increase (Decrease) in Net Assets | (2084359) | (6408746) | 3240585 | (413311) |
|  Net Assets, Beginning of Year | 396681650 | 403090396 | 335124019 | 335537330 |
|  Net Assets, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394597291 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396681650 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;338364604 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335124019 |
|  Other Information (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at beginning of Year | 29526390 | 30615098 | 22355524 | 23285344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued | 868001 | 678535 | 356532 | 751012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares issued as reinvestment of distributions | 2762023 | 2513876 | 2127986 | 1850382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares redeemed | (4941119) | (4281119) | (3299020) | (3531214) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | (1311095) | (1088708) | (814502) | (929820) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at end of Year | 28215295 | 29526390 | 21541022 | 22355524 |

---

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF CHANGES IN NET ASSETS (Continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **MoA US Government Money Market Fund** | **MoA US Government Money Market Fund** | **MoA Intermediate Bond Fund** | **MoA Intermediate Bond Fund** |
|  | **For the**<br>**Year Ended<br>December 31, 2025** | **For the**<br>**Year Ended<br>December 31, 2024** | **For the**<br>**Year Ended<br>December 31, 2025** | **For the**<br>**Year Ended<br>December 31, 2024** |
|  Increase (Decrease) in Net Assets from Operations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $20935293 | $26383599 | $36572227 | $33183551 |
|  Net realized and unrealized gain (loss): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments, futures contracts and foreign currency translations | 3686 | 4577 | (2306839) | (13630395) |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in net unrealized appreciation (depreciation) of investments, futures contracts and foreign currency translations |  |  | 25241371 | 6821704 |
|  | 3686 | 4577 | 22934532 | (6808691) |
|  Net Increase (Decrease) in Net Assets Resulting from Operations | 20938979 | 26388176 | 59506759 | 26374860 |
|  Distributions (Notes 2 and 6) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from distributable earnings | (21285242) | (26397139) | (36591293) | (33835589) |
|  Net Increase (Decrease) in Net Assets from Distributions | (21285242) | (26397139) | (36591293) | (33835589) |
|  Capital Transactions (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Proceeds from the sale of shares | 150662046 | 180969847 (a) | 335412175 | 178360292 |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions reinvested | 21284773 | 26404813 | 36591443 | 33835589 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost of shares redeemed | (178056961) | (277882424) | (233166287) | (255044059) |
|  Net Increase (Decrease) in Net Assets from Capital Transactions | (6110142) | (70507764) | 138837331 | (42848178) |
|  Total Increase (Decrease) in Net Assets | (6456405) | (70516727) | 161752797 | (50308907) |
|  Net Assets, Beginning of Year | 515882755 | 586399482 | 899241186 | 949550093 |
|  Net Assets, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509426350 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;515882755 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1060993983 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;899241186 |
|  Other Information (Note 5) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at beginning of Year | 515882108 | 586254771 (b) | 94137008 | 98461581 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares issued | 150662191 | 180719079 (b) | 34447939 | 18636508 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares issued as reinvestment of distributions | 21284773 | 26403383 (b) | 3762478 | 3521878 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares redeemed | (178056961) | (277495125)(b) | (24033689) | (26482959) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | (6109997) | (70372663)(b) | 14176728 | (4324573) |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at end of Year | 509772111 | 515882108 (b) | 108313736 | 94137008 |

---

(a) The Fund accrued a non-recurring capital contribution from Mutual of America Capital Management LLC of $145 to reflect lost opportunity cost arising when a portion of the portfolio was uninvested.

(b) After the close of business on August 23, 2024, the MoA Money Market Fund was restructured as a US Government Money Market Fund and renamed as the MoA US Government Money Market Fund. After the close of business on August 23, 2024, the Fund underwent a stock split so the ending NAV was $1.00. The exact split ratio was 11.855015:1. Post the split and commencing on August 26, 2024, the Fund began seeking to preserve a $1.00 per share net asset value, declaring dividends daily and paying dividends monthly. Number of shares outstanding shown and the share activity prior to the split has been adjusted to reflect the split on a retroactive basis.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### STATEMENTS OF CHANGES IN NET ASSETS (Continued)

---

| | | |
|:---|:---|:---|
|  | **MoA Core Bond Fund** | **MoA Core Bond Fund** |
|  | **For the<br>Year Ended<br>December 31, 2025** | **For the<br>Year Ended<br>December 31, 2024** |
|  Increase (Decrease) in Net Assets from Operations |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net investment income (loss) | $90263562 | $80836424 |
|  Net realized and unrealized gain (loss): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments, futures contracts and foreign currency translations | (1249629) | (50754376) |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in net unrealized appreciation (depreciation) of investments, futures contracts and foreign currency translations | 73057443 | (5404002) |
|  | 71807814 | (56158378) |
|  Net Increase (Decrease) in Net Assets Resulting from Operations | 162071376 | 24678046 |
|  Distributions (Notes 2 and 6) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions from distributable earnings | (92224413) | (82791259) |
|  Net Increase (Decrease) in Net Assets from Distributions | (92224413) | (82791259) |
|  Capital Transactions (Note 5) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Proceeds from the sale of shares | 282922206 | 530329675 |
| &nbsp;&nbsp;&nbsp;&nbsp; Distributions reinvested | 92209062 | 82776536 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost of shares redeemed | (440736709) | (406032486) |
|  Net Increase (Decrease) in Net Assets from Capital Transactions | (65605441) | 207073725 |
|  Total Increase (Decrease) in Net Assets | 4241522 | 148960512 |
|  Net Assets, Beginning of Year | 2209073744 | 2060113232 |
|  Net Assets, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2213315266 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2209073744 |
|  Other Information (Note 5) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at beginning of Year | 182212676 | 165444728 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares issued | 23090815 | 43035621 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares issued as reinvestment of distributions | 7451178 | 6729075 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares redeemed | (35771764) | (32996748) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | (5229771) | 16767948 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares outstanding at end of Year | 176982905 | 182212676 |

---

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Equity Index Fund** | **MoA Equity Index Fund** | **MoA Equity Index Fund** | **MoA Equity Index Fund** | **MoA Equity Index Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $66.67 | $58.29 | $48.82 | $62.41 | $51.15 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.83 | 0.87 | 0.87 | 0.79 | 0.73 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 10.96 | 13.68 | 11.79 | (12.20) | 13.70 |
|  Total from Investment Operations | 11.79 | 14.55 | 12.66 | (11.41) | 14.43 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.83) | (0.87) | (0.85) | (0.78) | (0.70) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (7.61) | (5.30) | (2.34) | (1.40) | (2.47) |
|  Total Distributions | (8.44) | (6.17) | (3.19) | (2.18) | (3.17) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70.02 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66.67 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58.29 | $48.82 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62.41 |
|  Total Return (%)(a) | 17.68 | 24.83 | 26.12 | (18.24) | 28.50 |
|  Net Assets, End of year ($ millions) | 6174 | 5868 | 5201 | 4330 | 4992 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 1.17 | 1.28 | 1.57 | 1.51 | 1.27 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%) | 0.14 | 0.14 | 0.14 | 0.14 | 0.13 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%) | 0.14 | 0.13 | 0.14 | 0.14 | 0.13 |
|  Portfolio Turnover Rate (%)(b) | 2.55 | 8.64 | 4.07 | 3.14 | 7.01 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA All America Fund** | **MoA All America Fund** | **MoA All America Fund** | **MoA All America Fund** | **MoA All America Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $23.06 | $21.58 | $19.76 | $27.73 | $24.18 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.20 | 0.24 | 0.25 | 0.25 | 0.25 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 2.61 | 3.94 | 3.67 | (5.21) | 6.18 |
|  Total from Investment Operations | 2.81 | 4.18 | 3.92 | (4.96) | 6.43 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.19) | (0.23) | (0.24) | (0.25) | (0.20) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (3.57) | (2.47) | (1.86) | (2.76) | (2.68) |
|  Total Distributions | (3.76) | (2.70) | (2.10) | (3.01) | (2.88) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22.11 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.06 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21.58 | $19.76 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27.73 |
|  Total Return (%)(a) | 11.96 | 19.12 | 20.33 | (17.70) | 27.07 |
|  Net Assets, End of year ($ millions) | 296 | 309 | 299 | 281 | 374 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 0.81 | 0.97 | 1.17 | 1.07 | 0.90 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%) | 0.55 | 0.51 | 0.53 | 0.54 | 0.49 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%) | 0.54 | 0.50 | 0.53 | 0.54 | 0.49 |
|  Portfolio Turnover Rate (%)(b) | 20.64 | 30.64 | 31.84 | 19.24 | 19.84 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Small Cap Value Fund** | **MoA Small Cap Value Fund** | **MoA Small Cap Value Fund** | **MoA Small Cap Value Fund** | **MoA Small Cap Value Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $14.50 | $13.80 | $13.44 | $16.52 | $13.45 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.18 | 0.20 | 0.24 | 0.19 | 0.17 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 0.13 | 1.39 | 1.00 | (1.83) | 4.12 |
|  Total from Investment Operations | 0.31 | 1.59 | 1.24 | (1.64) | 4.29 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.18) | (0.18) | (0.22) | (0.18) | (0.09) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (0.55) | (0.71) | (0.66) | (1.26) | (1.13) |
|  Total Distributions | (0.73) | (0.89) | (0.88) | (1.44) | (1.22) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.08 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.50 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.80 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.44 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.52 |
|  Total Return (%)(a) | 2.00 | 11.29 | 9.59 | (9.82) | 32.29 |
|  Net Assets, End of year ($ millions) | 367 | 398 | 409 | 413 | 580 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 1.27 | 1.33 | 1.78 | 1.15 | 1.03 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%) | 0.85 | 0.82 | 0.84 | 0.82 | 0.80 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%) | 0.84 | 0.81 | 0.84 | 0.82 | 0.80 |
|  Portfolio Turnover Rate (%)(b) | 37.96 | 47.84 | 22.33 | 8.40 | 33.93 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Small Cap Growth Fund** | **MoA Small Cap Growth Fund** | **MoA Small Cap Growth Fund** | **MoA Small Cap Growth Fund** | **MoA Small Cap Growth Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $13.77 | $12.72 | $11.01 | $16.22 | $17.53 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | (0.02) | (0.03) | (0.01) | (0.01) | (0.03) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 1.20 | 1.30 | 1.73 | (4.60) | 1.74 |
|  Total from Investment Operations | 1.18 | 1.27 | 1.72 | (4.61) | 1.71 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income |  |  |  |  | (0.01) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (0.14) | (0.22) | (0.01) | (0.60) | (3.01) |
|  Total Distributions | (0.14) | (0.22) | (0.01) | (0.60) | (3.02) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.81 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.77 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.72 | $11.01 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.22 |
|  Total Return (%)(a) | 8.52 | 9.92 | 15.63 | (28.37) | 10.38 |
|  Net Assets, End of year ($ millions) | 426 | 398 | 416 | 432 | 673 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | (0.15) | (0.19) | (0.12) | (0.05) | (0.24) |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%) | 0.85 | 0.82 | 0.84 | 0.83 | 0.80 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%) | 0.84 | 0.81 | 0.84 | 0.83 | 0.80 |
|  Portfolio Turnover Rate (%)(b) | 32.89 | 43.85 | 49.48 | 61.61 | 45.18 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Small Cap Equity Index Fund** | **MoA Small Cap Equity Index Fund** | **MoA Small Cap Equity Index Fund** | **MoA Small Cap Equity Index Fund** | **MoA Small Cap Equity Index Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $10.52 | $10.21 | $9.08 | $11.59 | $10.74 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.17 | 0.18 | 0.16 | 0.13 | 0.16 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 0.44 | 0.70 | 1.26 | (2.03) | 2.62 |
|  Total from Investment Operations | 0.61 | 0.88 | 1.42 | (1.90) | 2.78 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.15) | (0.17) | (0.15) | (0.12) | (0.15) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (0.40) | (0.40) | (0.14) | (0.49) | (1.78) |
|  Total Distributions | (0.55) | (0.57) | (0.29) | (0.61) | (1.93) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.58 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.52 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.21 | $9.08 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.59 |
|  Total Return (%)(a) | 5.80 | 8.55 | 15.87 | (16.31) | 26.56 |
|  Net Assets, End of year ($ millions) | 170 | 210 | 205 | 179 | 143 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 1.56 | 1.65 | 1.76 | 1.54 | 1.29 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%) | 0.30 | 0.25 | 0.24 | 0.25 | 0.25 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%) | 0.16 | 0.14 | 0.14 | 0.14 | 0.14 |
|  Portfolio Turnover Rate (%)(b) | 39.23 | 35.80 | 43.99 | 29.55 | 69.91 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Mid Cap Value Fund** | **MoA Mid Cap Value Fund** | **MoA Mid Cap Value Fund** | **MoA Mid Cap Value Fund** | **MoA Mid Cap Value Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $17.07 | $16.28 | $15.65 | $19.21 | $15.53 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.21 | 0.26 | 0.23 | 0.23 | 0.26 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 0.23 | 1.52 | 0.85 | (2.32) | 5.01 |
|  Total from Investment Operations | 0.44 | 1.78 | 1.08 | (2.09) | 5.27 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.19) | (0.24) | (0.20) | (0.29) | (0.14) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (1.20) | (0.75) | (0.25) | (1.18) | (1.45) |
| &nbsp;&nbsp;&nbsp;&nbsp; Return of Capital | — (a) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total Distributions | (1.39) | (0.99) | (0.45) | (1.47) | (1.59) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.12 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.07 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.28 | $15.65 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.21 |
|  Total Return (%)(b) | 2.48 | 10.78 | 6.96 | (10.67) | 34.35 |
|  Net Assets, End of year ($ millions) | 185 | 213 | 157 | 115 | 131 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 1.20 | 1.62 | 1.61 | 1.34 | 1.47 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%) | 0.70 | 0.69 | 0.74 | 0.70 | 0.65 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%) | 0.69 | 0.68 | 0.73 | 0.70 | 0.65 |
|  Portfolio Turnover Rate (%)(c) | 36.07 | 38.06 | 29.02 | 11.44 | 23.84 |

---

(a) Amount is less than $0.005 per share.

(b) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(c) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the period ended from September 8, 2025 (commencement of operations) to December 31, 2025 and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | |
|:---|:---|
|  | **MoA Mid<br>Cap Growth<br>Fund** |
|  | **Period Ended<br>December 31,<br>2025 (a)** |
|  Net Asset Value, Beginning of Period | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.00 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.01 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | (0.38) |
|  Total from Investment Operations | (0.37) |
|  Less Distributions |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.01) |
|  Total Distributions | (0.01) |
|  Net Asset Value, End of Period | $9.62 |
|  Total Return (%)(b) | (3.73) |
|  Net Assets, End of Period ($ millions) | 106 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 0.25 (c) |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%) | 1.16 (c) |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%) | 0.63 (c) |
|  Portfolio Turnover Rate (%)(d) | 3.91 (e) |

---

(a) For the period September 8, 2025 (commencement of operations) through December 31, 2025.

(b) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(c) Annualized.

(d) Portfolio turnover rate excludes all short-term securities.

(e) Not Annualized.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Mid Cap Equity Index Fund** | **MoA Mid Cap Equity Index Fund** | **MoA Mid Cap Equity Index Fund** | **MoA Mid Cap Equity Index Fund** | **MoA Mid Cap Equity Index Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $20.92 | $20.10 | $18.91 | $25.12 | $23.07 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.31 | 0.32 | 0.34 | 0.36 | 0.33 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 1.25 | 2.51 | 2.66 | (3.76) | 5.21 |
|  Total from Investment Operations | 1.56 | 2.83 | 3.00 | (3.40) | 5.54 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.29) | (0.33) | (0.28) | (0.31) | (0.30) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (2.09) | (1.68) | (1.53) | (2.50) | (3.19) |
|  Total Distributions | (2.38) | (2.01) | (1.81) | (2.81) | (3.49) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.10 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.92 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.10 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.91 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25.12 |
|  Total Return (%)(a) | 7.28 | 13.77 | 16.25 | (13.23) | 24.56 |
|  Net Assets, End of year ($ millions) | 1332 | 1542 | 1501 | 1600 | 2118 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 1.42 | 1.42 | 1.63 | 1.58 | 1.24 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%) | 0.17 | 0.15 | 0.15 | 0.16 | 0.14 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%) | 0.16 | 0.15 | 0.15 | 0.16 | 0.14 |
|  Portfolio Turnover Rate (%)(b) | 15.18 | 24.85 | 19.60 | 19.54 | 25.62 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Balanced Fund** | **MoA Balanced Fund** | **MoA Balanced Fund** | **MoA Balanced Fund** | **MoA Balanced Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $20.32 | $18.82 | $17.39 | $21.18 | $19.16 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.45 | 0.43 | 0.39 | 0.35 | 0.32 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments, Futures Contracts and Foreign Currency |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Translations | 3.35 | 2.88 | 2.21 | (2.91) | 2.80 |
|  Total from Investment Operations | 3.80 | 3.31 | 2.60 | (2.56) | 3.12 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.46) | (0.44) | (0.40) | (0.36) | (0.32) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (2.07) | (1.37) | (0.77) | (0.87) | (0.78) |
|  Total Distributions | (2.53) | (1.81) | (1.17) | (1.23) | (1.10) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21.59 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.32 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.82 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.39 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21.18 |
|  Total Return (%)(a) | 18.82 | 17.56 | 15.07 | (12.02) | 16.48 |
|  Net Assets, End of year ($ millions) | 212 | 199 | 187 | 180 | 218 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 2.04 | 2.07 | 2.09 | 1.81 | 1.53 |
|  Ratio of Expenses to Average Net Assets Before Expense |  |  |  |  |  |
|  Reimbursement (%) | 0.57 | 0.56 | 0.54 | 0.54 | 0.46 |
|  Ratio of Expenses to Average Net Assets After Expense |  |  |  |  |  |
|  Reimbursement (%) | 0.56 | 0.55 | 0.54 | 0.54 | 0.46 |
|  Portfolio Turnover Rate (%)(b) | 30.65 | 36.98 | 50.33 | 25.01 | 23.68 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA International Fund** | **MoA International Fund** | **MoA International Fund** | **MoA International Fund** | **MoA International Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $8.31 | $8.20 | $7.24 | $9.26 | $9.34 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.27 | 0.27 | 0.29 | 0.31 | 0.20 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 2.79 | 0.17 | 1.09 | (1.44) | 0.74 |
|  Total from Investment Operations | 3.06 | 0.44 | 1.38 | (1.13) | 0.94 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.37) | (0.33) | (0.42) | (0.23) | (0.16) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains |  |  |  | (0.66) | (0.86) |
|  Total Distributions | (0.37) | (0.33) | (0.42) | (0.89) | (1.02) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.00 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.31 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.20 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.24 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.26 |
|  Total Return (%)(a) | 37.20 | 5.19 | 19.55 | (11.09) | 10.37 |
|  Net Assets, End of year ($ millions) | 2214 | 1656 | 1460 | 1202 | 1203 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 2.71 | 3.07 | 3.83 | 4.10 | 2.05 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%)(b) | 0.47 | 0.36 | 0.14 | 0.13 | 0.12 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%)(b) | 0.31 | 0.25 | 0.13 | 0.13 | 0.12 |
|  Portfolio Turnover Rate (%)(c) | 22.34 | 37.96 | 20.14 | 18.25 | 123.53 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) International Fund excludes the expenses of its ETF investments.

(c) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Catholic Values Index Fund** | **MoA Catholic Values Index Fund** | **MoA Catholic Values Index Fund** | **MoA Catholic Values Index Fund** | **MoA Catholic Values Index Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $15.93 | $13.51 | $10.97 | $14.06 | $11.17 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.16 | 0.17 | 0.17 | 0.15 | 0.15 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 2.59 | 2.95 | 2.71 | (2.98) | 3.07 |
|  Total from Investment Operations | 2.75 | 3.12 | 2.88 | (2.83) | 3.22 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.16) | (0.17) | (0.17) | (0.15) | (0.14) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (0.60) | (0.53) | (0.17) | (0.11) | (0.19) |
|  Total Distributions | (0.76) | (0.70) | (0.34) | (0.26) | (0.33) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.92 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.93 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.51 | $10.97 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.06 |
|  Total Return (%)(a) | 17.33 | 23.02 | 26.37 | (20.10) | 28.99 |
|  Net Assets, End of year ($ millions) | 10 | 8 | 6 | 4 | 5 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 0.99 | 1.12 | 1.39 | 1.36 | 1.16 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%) | 2.70 | 3.05 | 2.94 | 2.53 | 2.14 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%) | 0.23 | 0.21 | 0.22 | 0.22 | 0.22 |
|  Portfolio Turnover Rate (%)(b) | 23.23 | 25.87 | 25.23 | 13.48 | 9.54 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Retirement Income Fund** | **MoA Retirement Income Fund** | **MoA Retirement Income Fund** | **MoA Retirement Income Fund** | **MoA Retirement Income Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $11.08 | $10.90 | $10.24 | $12.26 | $12.09 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.33 | 0.35 | 0.26 | 0.17 | 0.15 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 0.83 | 0.44 | 0.74 | (1.54) | 0.54 |
|  Total from Investment Operations | 1.16 | 0.79 | 1.00 | (1.37) | 0.69 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.34) | (0.42) | (0.26) | (0.17) | (0.16) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (0.17) | (0.19) | (0.08) | (0.48) | (0.36) |
|  Total Distributions | (0.51) | (0.61) | (0.34) | (0.65) | (0.52) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.73 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.08 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.90 | $10.24 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.26 |
|  Total Return (%)(a) | 10.53 | 7.21 | 9.91 | (11.12) | 5.77 |
|  Net Assets, End of year ($ millions) | 298 | 208 | 207 | 203 | 224 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 3.11 | 3.02 | 2.40 | 1.58 | 1.22 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%)(b) | 0.28 | 0.18 | 0.16 | 0.13 | 0.11 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%)(b) | 0.27 | 0.18 | 0.16 | 0.13 | 0.11 |
|  Portfolio Turnover Rate (%)(c) | 18.89 | 28.84 | 25.22 | 32.16 | 28.07 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) The Conservative, Aggressive, and Moderate Allocation Funds and Target Date Funds exclude expenses of the underlying funds.

(c) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Clear Passage 2020 Fund** | **MoA Clear Passage 2020 Fund** | **MoA Clear Passage 2020 Fund** | **MoA Clear Passage 2020 Fund** | **MoA Clear Passage 2020 Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $10.35 | $10.18 | $9.55 | $12.16 | $11.84 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.32 | 0.32 | 0.26 | 0.18 | 0.16 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 0.82 | 0.50 | 0.86 | (1.78) | 0.99 |
|  Total from Investment Operations | 1.14 | 0.82 | 1.12 | (1.60) | 1.15 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.33) | (0.33) | (0.26) | (0.18) | (0.20) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (0.47) | (0.32) | (0.23) | (0.83) | (0.63) |
|  Total Distributions | (0.80) | (0.65) | (0.49) | (1.01) | (0.83) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.69 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.35 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.18 | $9.55 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.16 |
|  Total Return (%)(a) | 11.18 | 8.10 | 11.83 | (13.06) | 9.80 |
|  Net Assets, End of year ($ millions) | 408 | 459 | 491 | 504 | 621 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 2.89 | 2.89 | 2.48 | 1.65 | 1.29 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%)(b) | 0.24 | 0.14 | 0.12 | 0.09 | 0.08 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%)(b) | 0.23 | 0.13 | 0.11 | 0.09 | 0.08 |
|  Portfolio Turnover Rate (%)(c) | 14.83 | 17.58 | 21.68 | 19.16 | 22.78 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) The Conservative, Aggressive, and Moderate Allocation Funds and Target Date Funds exclude expenses of the underlying funds.

(c) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Clear Passage 2025 Fund** | **MoA Clear Passage 2025 Fund** | **MoA Clear Passage 2025 Fund** | **MoA Clear Passage 2025 Fund** | **MoA Clear Passage 2025 Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $12.06 | $11.83 | $10.98 | $13.97 | $13.29 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.35 | 0.36 | 0.29 | 0.20 | 0.18 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 1.18 | 0.78 | 1.18 | (2.11) | 1.39 |
|  Total from Investment Operations | 1.53 | 1.14 | 1.47 | (1.91) | 1.57 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.36) | (0.36) | (0.29) | (0.21) | (0.23) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (0.70) | (0.55) | (0.33) | (0.87) | (0.66) |
|  Total Distributions | (1.06) | (0.91) | (0.62) | (1.08) | (0.89) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.53 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.06 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.83 | $10.98 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.97 |
|  Total Return (%)(a) | 12.81 | 9.70 | 13.59 | (13.56) | 11.96 |
|  Net Assets, End of year ($ millions) | 1067 | 1111 | 1129 | 1057 | 1203 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 2.73 | 2.73 | 2.50 | 1.69 | 1.29 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%)(b) | 0.21 | 0.13 | 0.10 | 0.08 | 0.08 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%)(b) | 0.21 | 0.12 | 0.09 | 0.08 | 0.08 |
|  Portfolio Turnover Rate (%)(c) | 15.85 | 20.69 | 22.19 | 18.16 | 15.42 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) The Conservative, Aggressive, and Moderate Allocation Funds and Target Date Funds exclude expenses of the underlying funds.

(c) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Clear Passage 2030 Fund** | **MoA Clear Passage 2030 Fund** | **MoA Clear Passage 2030 Fund** | **MoA Clear Passage 2030 Fund** | **MoA Clear Passage 2030 Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $13.37 | $12.92 | $11.90 | $15.25 | $14.08 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.36 | 0.35 | 0.31 | 0.22 | 0.19 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 1.48 | 1.09 | 1.48 | (2.40) | 1.94 |
|  Total from Investment Operations | 1.84 | 1.44 | 1.79 | (2.18) | 2.13 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.37) | (0.37) | (0.31) | (0.22) | (0.26) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (0.86) | (0.62) | (0.46) | (0.95) | (0.70) |
|  Total Distributions | (1.23) | (0.99) | (0.77) | (1.17) | (0.96) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.98 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.37 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.92 | $11.90 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.25 |
|  Total Return (%)(a) | 13.85 | 11.16 | 15.25 | (14.14) | 15.29 |
|  Net Assets, End of year ($ millions) | 1501 | 1409 | 1309 | 1125 | 1231 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 2.51 | 2.53 | 2.46 | 1.67 | 1.25 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%)(b) | 0.21 | 0.13 | 0.10 | 0.08 | 0.08 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%)(b) | 0.20 | 0.12 | 0.09 | 0.08 | 0.08 |
|  Portfolio Turnover Rate (%)(c) | 19.33 | 20.62 | 19.17 | 15.52 | 13.45 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) The Conservative, Aggressive, and Moderate Allocation Funds and Target Date Funds exclude expenses of the underlying funds.

(c) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Clear Passage 2035 Fund** | **MoA Clear Passage 2035 Fund** | **MoA Clear Passage 2035 Fund** | **MoA Clear Passage 2035 Fund** | **MoA Clear Passage 2035 Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $14.06 | $13.52 | $12.20 | $16.00 | $14.40 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.35 | 0.34 | 0.31 | 0.23 | 0.20 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 1.78 | 1.41 | 1.76 | (2.69) | 2.34 |
|  Total from Investment Operations | 2.13 | 1.75 | 2.07 | (2.46) | 2.54 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.36) | (0.36) | (0.32) | (0.24) | (0.29) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (1.02) | (0.85) | (0.43) | (1.10) | (0.65) |
|  Total Distributions | (1.38) | (1.21) | (0.75) | (1.34) | (0.94) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.81 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.06 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.52 | $12.20 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.00 |
|  Total Return (%)(a) | 15.32 | 13.05 | 17.26 | (15.20) | 17.84 |
|  Net Assets, End of year ($ millions) | 1553 | 1399 | 1231 | 1023 | 1101 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 2.30 | 2.33 | 2.44 | 1.70 | 1.25 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%)(b) | 0.21 | 0.13 | 0.10 | 0.08 | 0.08 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%)(b) | 0.20 | 0.12 | 0.10 | 0.08 | 0.08 |
|  Portfolio Turnover Rate (%)(c) | 18.46 | 19.82 | 18.50 | 16.15 | 8.93 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) The Conservative, Aggressive, and Moderate Allocation Funds and Target Date Funds exclude expenses of the underlying funds.

(c) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Clear Passage 2040 Fund** | **MoA Clear Passage 2040 Fund** | **MoA Clear Passage 2040 Fund** | **MoA Clear Passage 2040 Fund** | **MoA Clear Passage 2040 Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $14.22 | $13.56 | $12.12 | $16.15 | $14.44 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.32 | 0.32 | 0.31 | 0.23 | 0.20 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 2.07 | 1.61 | 1.93 | (2.75) | 2.64 |
|  Total from Investment Operations | 2.39 | 1.93 | 2.24 | (2.52) | 2.84 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.34) | (0.35) | (0.31) | (0.24) | (0.30) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (0.98) | (0.92) | (0.49) | (1.27) | (0.83) |
|  Total Distributions | (1.32) | (1.27) | (0.80) | (1.51) | (1.13) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.29 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.22 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.56 | $12.12 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.15 |
|  Total Return (%)(a) | 16.95 | 14.35 | 18.87 | (15.37) | 19.89 |
|  Net Assets, End of year ($ millions) | 1348 | 1204 | 1038 | 848 | 925 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 2.10 | 2.19 | 2.40 | 1.69 | 1.22 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%)(b) | 0.21 | 0.13 | 0.10 | 0.08 | 0.08 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%)(b) | 0.20 | 0.12 | 0.10 | 0.08 | 0.08 |
|  Portfolio Turnover Rate (%)(c) | 17.06 | 17.81 | 18.97 | 10.97 | 11.55 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) The Conservative, Aggressive, and Moderate Allocation Funds and Target Date Funds exclude expenses of the underlying funds.

(c) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Clear Passage 2045 Fund** | **MoA Clear Passage 2045 Fund** | **MoA Clear Passage 2045 Fund** | **MoA Clear Passage 2045 Fund** | **MoA Clear Passage 2045 Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $14.07 | $13.37 | $11.89 | $15.97 | $14.28 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.30 | 0.30 | 0.30 | 0.22 | 0.19 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 2.16 | 1.68 | 1.99 | (2.75) | 2.71 |
|  Total from Investment Operations | 2.46 | 1.98 | 2.29 | (2.53) | 2.90 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.32) | (0.34) | (0.31) | (0.23) | (0.29) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (1.01) | (0.94) | (0.50) | (1.32) | (0.92) |
|  Total Distributions | (1.33) | (1.28) | (0.81) | (1.55) | (1.21) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.20 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.07 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.37 | $11.89 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.97 |
|  Total Return (%)(a) | 17.70 | 14.90 | 19.64 | (15.59) | 20.57 |
|  Net Assets, End of year ($ millions) | 1402 | 1232 | 1069 | 875 | 957 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 1.98 | 2.09 | 2.38 | 1.68 | 1.19 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%)(b) | 0.21 | 0.13 | 0.10 | 0.08 | 0.08 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%)(b) | 0.20 | 0.12 | 0.10 | 0.08 | 0.08 |
|  Portfolio Turnover Rate (%)(c) | 13.10 | 16.21 | 14.87 | 13.09 | 11.96 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) The Conservative, Aggressive, and Moderate Allocation Funds and Target Date Funds exclude expenses of the underlying funds.

(c) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Clear Passage 2050 Fund** | **MoA Clear Passage 2050 Fund** | **MoA Clear Passage 2050 Fund** | **MoA Clear Passage 2050 Fund** | **MoA Clear Passage 2050 Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $18.31 | $17.05 | $15.20 | $20.31 | $17.92 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.37 | 0.37 | 0.38 | 0.28 | 0.24 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 2.86 | 2.24 | 2.59 | (3.52) | 3.45 |
|  Total from Investment Operations | 3.23 | 2.61 | 2.97 | (3.24) | 3.69 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.40) | (0.42) | (0.39) | (0.29) | (0.38) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (1.43) | (0.93) | (0.73) | (1.58) | (0.92) |
|  Total Distributions | (1.83) | (1.35) | (1.12) | (1.87) | (1.30) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.71 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.31 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.05 | $15.20 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20.31 |
|  Total Return (%)(a) | 17.82 | 15.39 | 19.94 | (15.66) | 20.82 |
|  Net Assets, End of year ($ millions) | 1104 | 977 | 830 | 665 | 717 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 1.88 | 2.01 | 2.36 | 1.66 | 1.18 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%)(b) | 0.22 | 0.13 | 0.11 | 0.09 | 0.08 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%)(b) | 0.21 | 0.13 | 0.10 | 0.09 | 0.08 |
|  Portfolio Turnover Rate (%)(c) | 16.52 | 13.94 | 16.86 | 12.91 | 11.57 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) The Conservative, Aggressive, and Moderate Allocation Funds and Target Date Funds exclude expenses of the underlying funds.

(c) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Clear Passage 2055 Fund** | **MoA Clear Passage 2055 Fund** | **MoA Clear Passage 2055 Fund** | **MoA Clear Passage 2055 Fund** | **MoA Clear Passage 2055 Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $14.75 | $13.67 | $11.99 | $15.99 | $13.98 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.29 | 0.29 | 0.30 | 0.21 | 0.18 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 2.38 | 1.84 | 2.05 | (2.77) | 2.74 |
|  Total from Investment Operations | 2.67 | 2.13 | 2.35 | (2.56) | 2.92 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.31) | (0.33) | (0.30) | (0.23) | (0.29) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (0.97) | (0.72) | (0.37) | (1.21) | (0.62) |
|  Total Distributions | (1.28) | (1.05) | (0.67) | (1.44) | (0.91) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.14 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.75 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.67 | $11.99 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.99 |
|  Total Return (%)(a) | 18.27 | 15.66 | 19.98 | (15.77) | 21.11 |
|  Net Assets, End of year ($ millions) | 673 | 561 | 450 | 339 | 330 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 1.83 | 1.98 | 2.38 | 1.64 | 1.16 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%)(b) | 0.23 | 0.15 | 0.13 | 0.11 | 0.10 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%)(b) | 0.22 | 0.14 | 0.12 | 0.11 | 0.10 |
|  Portfolio Turnover Rate (%)(c) | 14.68 | 16.37 | 14.85 | 12.88 | 10.49 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) The Conservative, Aggressive, and Moderate Allocation Funds and Target Date Funds exclude expenses of the underlying funds.

(c) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Clear Passage 2060 Fund** | **MoA Clear Passage 2060 Fund** | **MoA Clear Passage 2060 Fund** | **MoA Clear Passage 2060 Fund** | **MoA Clear Passage 2060 Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $12.69 | $11.68 | $10.18 | $13.58 | $11.87 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.24 | 0.24 | 0.25 | 0.18 | 0.16 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 2.08 | 1.59 | 1.77 | (2.34) | 2.38 |
|  Total from Investment Operations | 2.32 | 1.83 | 2.02 | (2.16) | 2.54 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.26) | (0.28) | (0.25) | (0.19) | (0.26) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (0.64) | (0.54) | (0.27) | (1.05) | (0.57) |
|  Total Distributions | (0.90) | (0.82) | (0.52) | (1.24) | (0.83) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.11 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.69 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.68 | $10.18 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.58 |
|  Total Return (%)(a) | 18.45 | 15.73 | 20.19 | (15.72) | 21.60 |
|  Net Assets, End of year ($ millions) | 397 | 311 | 233 | 155 | 130 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 1.78 | 1.95 | 2.39 | 1.62 | 1.25 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%)(b) | 0.25 | 0.17 | 0.17 | 0.17 | 0.16 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%)(b) | 0.25 | 0.17 | 0.17 | 0.17 | 0.05 |
|  Portfolio Turnover Rate (%)(c) | 14.42 | 15.46 | 12.15 | 12.95 | 14.26 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) The Conservative, Aggressive, and Moderate Allocation Funds and Target Date Funds exclude expenses of the underlying funds.

(c) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Clear Passage 2065 Fund** | **MoA Clear Passage 2065 Fund** | **MoA Clear Passage 2065 Fund** | **MoA Clear Passage 2065 Fund** | **MoA Clear Passage 2065 Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $13.16 | $11.89 | $10.25 | $13.20 | $11.45 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.23 | 0.25 | 0.26 | 0.18 | 0.16 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 2.14 | 1.65 | 1.81 | (2.26) | 2.31 |
|  Total from Investment Operations | 2.37 | 1.90 | 2.07 | (2.08) | 2.47 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.25) | (0.29) | (0.26) | (0.19) | (0.26) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (0.68) | (0.34) | (0.17) | (0.68) | (0.46) |
|  Total Distributions | (0.93) | (0.63) | (0.43) | (0.87) | (0.72) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.60 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.16 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.89 | $10.25 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.20 |
|  Total Return (%)(a) | 18.17 | 16.01 | 20.50 | (15.54) | 21.73 |
|  Net Assets, End of year ($ millions) | 184 | 122 | 68 | 34 | 17 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 1.71 | 2.11 | 2.62 | 1.88 | 1.44 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%)(b) | 0.33 | 0.27 | 0.43 | 0.63 | 1.15 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%)(b) | 0.32 | 0.04 | 0.05 | 0.05 | 0.05 |
|  Portfolio Turnover Rate (%)(c) | 12.97 | 12.71 | 17.62 | 16.45 | 28.10 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) The Conservative, Aggressive, and Moderate Allocation Funds and Target Date Funds exclude expenses of the underlying funds.

(c) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the period ended from May 1, 2025 (commencement of operations) to December 31, 2025 and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | |
|:---|:---|
|  | **MoA Clear<br>Passage<br>2070 Fund** |
|  | **Period**<br>**Ended<br>December 31,<br>2025 (a)** |
|  Net Asset Value, Beginning of Period | $10.00 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.19 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 1.75 |
|  Total from Investment Operations | 1.94 |
|  Less Distributions |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.22) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (0.04) |
|  Total Distributions | (0.26) |
|  Net Asset Value, End of Period | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.68 |
|  Total Return (%)(b) | 19.49 |
|  Net Assets, End of Period ($ millions) | 5 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 2.40 (c) |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%) | 8.75 (c) |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%) | 0.23 (c) |
|  Portfolio Turnover Rate (%)(d) | 7.53 (e) |

---

(a) For the period May 1, 2025 (commencement of operations) through December 31, 2025.

(b) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(c) Annualized.

(d) Portfolio turnover rate excludes all short-term securities.

(e) Not Annualized.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Conservative Allocation Fund** | **MoA Conservative Allocation Fund** | **MoA Conservative Allocation Fund** | **MoA Conservative Allocation Fund** | **MoA Conservative Allocation Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $11.43 | $11.16 | $10.40 | $12.86 | $12.67 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.36 | 0.37 | 0.25 | 0.19 | 0.18 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 0.89 | 0.53 | 0.91 | (1.80) | 0.80 |
|  Total from Investment Operations | 1.25 | 0.90 | 1.16 | (1.61) | 0.98 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.37) | (0.36) | (0.26) | (0.19) | (0.20) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (0.48) | (0.27) | (0.14) | (0.66) | (0.59) |
|  Total Distributions | (0.85) | (0.63) | (0.40) | (0.85) | (0.79) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.83 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.43 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.16 | $10.40 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.86 |
|  Total Return (%)(a) | 11.06 | 8.09 | 11.22 | (12.44) | 7.82 |
|  Net Assets, End of year ($ millions) | 146 | 153 | 158 | 161 | 201 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 2.95 | 2.87 | 2.24 | 1.63 | 1.36 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%)(b) | 0.17 | 0.14 | 0.13 | 0.08 | 0.06 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%)(b) | 0.16 | 0.13 | 0.13 | 0.08 | 0.06 |
|  Portfolio Turnover Rate (%)(c) | 16.94 | 22.14 | 12.65 | 10.16 | 16.91 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) The Conservative, Aggressive, and Moderate Allocation Funds and Target Date Funds exclude expenses of the underlying funds.

(c) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Moderate Allocation Fund** | **MoA Moderate Allocation Fund** | **MoA Moderate Allocation Fund** | **MoA Moderate Allocation Fund** | **MoA Moderate Allocation Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $13.43 | $13.17 | $12.20 | $15.98 | $15.14 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.38 | 0.36 | 0.30 | 0.24 | 0.22 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 1.66 | 1.12 | 1.53 | (2.49) | 1.90 |
|  Total from Investment Operations | 2.04 | 1.48 | 1.83 | (2.25) | 2.12 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.39) | (0.39) | (0.30) | (0.24) | (0.28) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (1.09) | (0.83) | (0.56) | (1.29) | (1.00) |
|  Total Distributions | (1.48) | (1.22) | (0.86) | (1.53) | (1.28) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.99 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.43 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.17 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.20 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.98 |
|  Total Return (%)(a) | 15.40 | 11.27 | 15.34 | (13.91) | 14.19 |
|  Net Assets, End of year ($ millions) | 395 | 397 | 403 | 393 | 487 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 2.58 | 2.49 | 2.25 | 1.71 | 1.34 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%)(b) | 0.09 | 0.08 | 0.07 | 0.04 | 0.03 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%)(b) | 0.08 | 0.07 | 0.07 | 0.04 | 0.03 |
|  Portfolio Turnover Rate (%)(c) | 13.39 | 15.72 | 12.56 | 8.74 | 14.83 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) The Conservative, Aggressive, and Moderate Allocation Funds and Target Date Funds exclude expenses of the underlying funds.

(c) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Aggressive Allocation Fund** | **MoA Aggressive Allocation Fund** | **MoA Aggressive Allocation Fund** | **MoA Aggressive Allocation Fund** | **MoA Aggressive Allocation Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $14.99 | $14.41 | $13.30 | $17.86 | $16.80 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.33 | 0.33 | 0.32 | 0.26 | 0.23 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 2.07 | 1.56 | 1.94 | (3.02) | 2.78 |
|  Total from Investment Operations | 2.40 | 1.89 | 2.26 | (2.76) | 3.01 |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.36) | (0.38) | (0.32) | (0.27) | (0.35) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains | (1.32) | (0.93) | (0.83) | (1.53) | (1.60) |
|  Total Distributions | (1.68) | (1.31) | (1.15) | (1.80) | (1.95) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.71 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.99 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.41 | $13.30 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.86 |
|  Total Return (%)(a) | 16.16 | 13.22 | 17.52 | (15.24) | 18.21 |
|  Net Assets, End of year ($ millions) | 338 | 335 | 336 | 313 | 390 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 2.03 | 2.05 | 2.21 | 1.66 | 1.22 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%)(b) | 0.10 | 0.09 | 0.08 | 0.05 | 0.04 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%)(b) | 0.09 | 0.08 | 0.08 | 0.05 | 0.04 |
|  Portfolio Turnover Rate (%)(c) | 13.91 | 15.97 | 10.51 | 9.54 | 13.06 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) The Conservative, Aggressive, and Moderate Allocation Funds and Target Date Funds exclude expenses of the underlying funds.

(c) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA U.S. Government Money Market Fund** | **MoA U.S. Government Money Market Fund** | **MoA U.S. Government Money Market Fund** | **MoA U.S. Government Money Market Fund** | **MoA U.S. Government Money Market Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025(a)** | **2024(a)** | **2023(a)** | **2022(a)** | **2021(a)** |
|  Net Asset Value, Beginning of Year | $1.00 | $1.00 | $1.00 | $1.00 | $1.00 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.03 | 0.05 | 0.05 | 0.01 | —(b) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | —(b) | —(b) | —(b) | —(b) | —(b) |
|  Total from Investment Operations | 0.03 | 0.05 | 0.05 | 0.01 | —(b) |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.03) | (0.05) | (0.05) | (0.01) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains |  |  | —(b) |  |  |
|  Total Distributions | (0.03) | (0.05) | (0.05) | (0.01) |  |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.00 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.00 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.00 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.00 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.00 |
|  Total Return (%)(c) | 4.15 | 5.09 | 4.99 | 1.31 | (0.17) |
|  Net Assets, End of year ($ millions) | 509 | 516 | 586 | 335 | 173 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 4.00 | 4.99 | 4.90 | 1.71 | (0.20) |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%) | 0.23 | 0.23 | 0.23 | 0.24 | 0.26 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%) | 0.22 | 0.22 | 0.23 | 0.24 | 0.26 |
|  Portfolio Turnover Rate (%)(d) | NA | NA | NA | NA | NA |

---

(a) On August 23, 2024, the MoA US Government Money Market Fund, had a stock split with an exact split ratio of 11.855015:1. Historical net asset value per share and per share activity have been adjusted to reflect the split on a retroactive basis and the historical split that occurred on September 25, 2020 referenced in note (a).

(b) Amount is less than $0.005 per share.

(c) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(d) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Intermediate Bond Fund** | **MoA Intermediate Bond Fund** | **MoA Intermediate Bond Fund** | **MoA Intermediate Bond Fund** | **MoA Intermediate Bond Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $9.55 | $9.64 | $9.43 | $10.36 | $10.79 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.37 | 0.35 | 0.22 | 0.14 | 0.14 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 0.25 | (0.09) | 0.21 | (0.93) | (0.36) |
|  Total from Investment Operations | 0.62 | 0.26 | 0.43 | (0.79) | (0.22) |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.37) | (0.35) | (0.22) | (0.14) | (0.14) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains |  |  |  | — (a) | (0.07) |
| &nbsp;&nbsp;&nbsp;&nbsp; Return of Capital | — (a) | — (a) |  |  |  |
|  Total Distributions | (0.37) | (0.35) | (0.22) | (0.14) | (0.21) |
|  Net Asset Value, End of Year | $9.80 | $9.55 | $9.64 | $9.43 | $10.36 |
|  Total Return (%)(b) | 6.65 | 2.79 | 4.62 | (7.66) | (2.02) |
|  Net Assets, End of year ($ millions) | 1061 | 899 | 950 | 878 | 866 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 3.88 | 3.61 | 2.39 | 1.42 | 1.32 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%) | 0.47 | 0.46 | 0.47 | 0.45 | 0.44 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%) | 0.46 | 0.46 | 0.46 | 0.45 | 0.44 |
|  Portfolio Turnover Rate (%)(c) | 66.41 | 53.52 | 50.30 | 21.07 | 17.57 |

---

(a) Amount is less than $0.005 per share.

(b) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(c) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### FINANCIAL HIGHLIGHTS
Income from investment operations and distributions per share for a Fund share outstanding throughout the five years ended December 31, 2025 (or since the Fund's inception date if in existence less than five years) and other supplementary data with respect to each Fund are presented below and in the pages following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Core Bond Fund** | **MoA Core Bond Fund** | **MoA Core Bond Fund** | **MoA Core Bond Fund** | **MoA Core Bond Fund** |
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** |
|  Net Asset Value, Beginning of Year | $12.12 | $12.45 | $12.21 | $14.32 | $15.01 |
|  INCOME (LOSS) FROM INVESTMENT OPERATIONS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Investment Income (Loss) | 0.52 | 0.46 | 0.36 | 0.27 | 0.23 |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Realized and Unrealized Gains (Losses) on Investments, Futures Contracts and Foreign Currency Translations | 0.39 | (0.32) | 0.24 | (2.09) | (0.60) |
|  Total from Investment Operations | 0.91 | 0.14 | 0.60 | (1.82) | (0.37) |
|  Less Distributions |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Investment Income | (0.52) | (0.47) | (0.36) | (0.29) | (0.27) |
| &nbsp;&nbsp;&nbsp;&nbsp; From Net Realized Gains |  |  |  |  | (0.05) |
|  Total Distributions | (0.52) | (0.47) | (0.36) | (0.29) | (0.32) |
|  Net Asset Value, End of Year | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.51 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.12 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.45 | $12.21 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.32 |
|  Total Return (%)(a) | 7.58 | 1.17 | 5.03 | (12.79) | (2.45) |
|  Net Assets, End of year ($ millions) | 2213 | 2209 | 2060 | 1841 | 2049 |
|  Ratio of Net Income (Loss) to Average Net Assets (%) | 4.05 | 3.78 | 2.94 | 2.07 | 1.56 |
|  Ratio of Expenses to Average Net Assets Before Expense Reimbursement (%) | 0.45 | 0.45 | 0.45 | 0.43 | 0.43 |
|  Ratio of Expenses to Average Net Assets After Expense Reimbursement (%) | 0.44 | 0.44 | 0.44 | 0.43 | 0.43 |
|  Portfolio Turnover Rate (%)(b) | 34.27 | 44.53 | 34.81 | 33.44 | 31.53 |

---

(a) Total return is calculated assuming a purchase of a share on the first day and a sale on the last day of each year or period reported and includes reinvestment of distributions, if any. For variable annuity owners or participants in a group variable annuity, the total return does not reflect the effect of fees and charges associated with your variable annuity contract and does not reflect expenses associated with the separate account such as administrative fees and account charges which, if reflected, would reduce the total returns for all years and periods shown. Past performance is no guarantee of future results. Total returns for periods less than one full year are not annualized.

(b) Portfolio turnover rate excludes all short-term securities.

The accompanying notes are an integral part of these financial statements.

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS

#### December 31, 2025
**1.** **Organization** 

MoA Funds Corporation (the "Investment Company") is a diversified, open-end management investment company — a type of company commonly known as a "mutual fund." It is registered under the Investment Company Act of 1940. The Investment Company was formed on February 21, 1986 as a Maryland corporation and offers its shares to various types of investors, including separate accounts of affiliated insurance companies. The Investment Company issues separate series of capital stock, each of which represents a separate Fund (collectively, "the Funds"). The financial statements for each of the Funds are contained within this report.

As of December 31, 2025, there were 29 active funds (collectively the "Funds"), as follows:

---

| | |
|:---|:---|
| **Equity Funds** | **Asset Allocation Funds** |
| MoA Equity Index Fund | MoA Conservative Allocation Fund |
| MoA All America Fund | MoA Moderate Allocation Fund |
| MoA Small Cap Value Fund | MoA Aggressive Allocation Fund |
| MoA Small Cap Growth Fund | MoA Balanced Fund |
|  MoA Small Cap Equity Index Fund |  |
| MoA Mid Cap Value Fund | **Target Date Funds** |
| MoA Mid Cap Growth Fund\* | MoA Retirement Income Fund\*\* |
| MoA Mid Cap Equity Index Fund | MoA Clear Passage 2020 Fund |
| MoA International Fund | MoA Clear Passage 2025 Fund |
| MoA Catholic Values Index Fund | MoA Clear Passage 2030 Fund |
|  | MoA Clear Passage 2035 Fund |
| **Fixed Income Funds** | MoA Clear Passage 2040 Fund |
| MoA Intermediate Bond Fund | MoA Clear Passage 2045 Fund |
| MoA Core Bond Fund | MoA Clear Passage 2050 Fund |
| MoA US Government Money Market Fund | MoA Clear Passage 2055 Fund |
|  | MoA Clear Passage 2060 Fund |
|  | MoA Clear Passage 2065 Fund |
|  | MoA Clear Passage 2070 Fund\*\*\* |

---

\* Fund commenced operations on September 8, 2025.

\*\* At the November 7, 2024, Board meeting, the Board approved an Agreement and Plan of Reorganization under which the MoA Clear Passage 2015 Fund transferred all its assets to the MoA Retirement Income Fund in exchange for shares of the MoA Retirement Income Fund. The reorganization was completed on April 25, 2025.

\*\*\* Fund commenced operations on May 1, 2025.

Investment Company shares are issued to retail and institutional investors, such as endowments, foundations, corporations, municipalities and other public entities, and trusts. In addition, shares are issued to Mutual of America Life Insurance Company for allocation to its Separate Accounts as a funding medium for variable accumulation annuity contracts, as well as directly issued to one or more of the Investment Company's Target Date Funds and the MoA Conservative Allocation, MoA Moderate Allocation and MoA Aggressive Allocation Funds (collectively, "Asset Allocation Funds"). Foreside Fund Services, LLC acts as principal underwriter for the distribution of the Funds' shares.

**2.** **SIGNIFICANT ACCOUNTING POLICIES** 

The Funds follow investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Codification Topic 946 Financial Services — Investment Companies. The preparation of financial statements in accordance with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, income, expenses and related disclosures. Changes in the economic environment, financial markets and any other parameters used in determining these estimates could cause actual results to differ.

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**2.** **SIGNIFICANT ACCOUNTING POLICIES (continued)** 

In December 2023, the FASB issued Accounting Standards Update (ASU), ASU 2023-09, Income Taxes (Topic 740) – Improvements to Income Taxes Disclosures ("ASU 2023-09"), which enhances the transparency of income tax disclosures. ASU 2023-09 requires public entities, on an annual basis, to provide disclosure of specific categories in the rate reconciliation, as well as disclosure of income taxes paid disaggregated by jurisdiction. The amendments under ASU 2023-09 were effective for fiscal years beginning after December 15, 2024. The Funds adopted the aforementioned guidance for the period ended December 31, 2025 and it did not have a material impact on the Funds' financial statements.

The Funds adopted FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) — Improvements to Reportable Segment Disclosures ("ASU 2023-07"). An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker (CODM) to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available.

An executive committee of the Funds' adviser, Mutual of America Capital Management LLC (the "Adviser"), acts as the Funds' CODM. Since its inception, each Fund has represented a single operating segment, as the CODM monitors the operating results of the Investment Company as a whole and each Fund's long-term strategic asset allocation is pre-determined in accordance with the terms of its prospectus, based on a defined investment strategy which is executed by the respective Fund's portfolio managers as a team. The financial information in the form of the Fund's portfolio of investment securities, expense ratios, net increase (decrease) in net assets resulting from operations on the respective statement of operations and other information about the Fund's performance, including total return within the respective financial highlights schedule, which are used by the CODM to assess the segment's performance versus the Fund's comparative benchmarks and to make resource allocation decisions for the segment, is consistent with that presented within the Funds' financial statements. Segment assets are reflected on the accompanying statements of assets and liabilities as "total assets" and significant segment expenses are listed on the accompanying statements of operations.

The following is a summary of the significant accounting policies consistently followed by the Investment Company, which are in conformity with GAAP:

*Fair Value* — The Investment Company values its investments at fair value. Fair value is an estimate of the price the Fund would receive upon selling a security in an orderly arms-length transaction. Investments are categorized based on a three-level valuation hierarchy for measurement and disclosure of fair value. The valuation hierarchy is based upon the transparency of inputs used to measure fair value. These inputs are summarized in the three broad levels listed below:

• Level 1 — quoted prices in active markets for identical securities.

• Level 2 — other significant observable inputs (including yield, quality, coupon rate, maturity, issue type, quoted prices for similar securities, prepayment speeds, trading characteristics, etc.).

• Level 3 — significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

As of December 31, 2025, management determined that the fair value inputs used for all equity securities were considered Level 1, with the exception of one security in the MoA All America Fund, one security in the MoA Small Cap Growth Fund, two securities in the MoA Small Cap Equity Index Fund, one security in the MoA Catholic Values Index Fund and one security in the MoA Core Bond Fund (see Note (a) below) which were considered Level 3 and certain securities listed on foreign exchanges which were considered Level 2. Valuation adjustments may be applied to certain securities that were solely traded on a foreign exchange to account for the market movement between the close of the foreign market and the close of the New York Stock Exchange. Securities using these valuation adjustments were considered Level 2. In addition, non-registered securities under Rule 144A of the Securities

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**2.** **SIGNIFICANT ACCOUNTING POLICIES (continued)** 

Act of 1933 were considered Level 2. Fair value inputs for all temporary cash investments were considered Level 1. Fair value inputs for all debt securities were considered Level 2, with the exception of one debt security in the MoA Core Bond Fund (see Note (a) below), which was considered Level 3. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Funds' investments and other financial instruments as of December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Level 1 — Quoted<br>Prices** | **Level 2 — Significant<br>Observable Inputs** | **Level 3 — Significant<br>Unobservable Inputs** | **Total** |
|  **Investments at Fair Value:\*** |  |  |  |  |
|  MoA Equity Index Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stock | $6090389291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $6090389291 |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Debt Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $87694268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $87694268 |
| &nbsp;&nbsp;&nbsp;&nbsp; Temporary Cash Investment | $417886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $417886 |
|  | $6090807177 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87694268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $6178501445 |
|  MoA All America Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stock | $289418442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $289418442 |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Debt Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $4291989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $4291989 |
| &nbsp;&nbsp;&nbsp;&nbsp; Temporary Cash Investment | $2705987 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $2705987 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rights | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | —(a) |  |
|  | $292124429 | $4291989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $296416418 |
|  MoA Small Cap Value Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stock | $355464546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $355464546 |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Debt Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $9586963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $9586963 |
| &nbsp;&nbsp;&nbsp;&nbsp; Temporary Cash Investment | $415237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $415237 |
|  | $355879783 | $9586963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $365466746 |
|  MoA Small Cap Growth Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stock | $417918127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $417918127 |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Debt Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $7843474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $7843474 |
| &nbsp;&nbsp;&nbsp;&nbsp; Temporary Cash Investment | $656720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $656720 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rights | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | —(a) |  |
|  | $418574847 | $7843474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $426418321 |
|  MoA Small Cap Equity Index Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stock | $170700737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $170700737 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rights | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | —(a) |  |
|  | $170700737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $170700737 |
|  MoA Mid Cap Value Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stock | $182006925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $182006925 |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Debt Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $2748615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $2748615 |
| &nbsp;&nbsp;&nbsp;&nbsp; Temporary Cash Investment | $624641 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $624641 |
|  | $182631566 | $2748615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $185380181 |
|  MoA Mid Cap Growth Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stock | $102476592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $102476592 |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Debt Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $2748609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $2748609 |
| &nbsp;&nbsp;&nbsp;&nbsp; Temporary Cash Investment | $707489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $707489 |
|  | $103184081 | $2748609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $105932690 |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**2.** **SIGNIFICANT ACCOUNTING POLICIES (continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Level 1 — Quoted<br>Prices** | **Level 2 — Significant<br>Observable Inputs** | **Level 3 — Significant<br>Unobservable Inputs** | **Total** |
|  MoA Mid Cap Equity Index Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stock | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1313812963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $1313812963 |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Debt Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $18531731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $18531731 |
| &nbsp;&nbsp;&nbsp;&nbsp; Temporary Cash Investment | $1005198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $1005198 |
|  | $1314818161 | $18531731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $1333349892 |
|  MoA Balanced Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stock | $127011655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $127011655 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Debt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $17991651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $17991651 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agency Residential Mortgage-Backed Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $25211903 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $25211903 |
| &nbsp;&nbsp;&nbsp;&nbsp; Long-Term Corporate Debt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $31474817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $31474817 |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Debt Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $8487045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $8487045 |
| &nbsp;&nbsp;&nbsp;&nbsp; Temporary Cash Investment | $1682652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $1682652 |
|  | $128694307 | $83165416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $211859723 |
|  MoA International Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stock | $158793197 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2017783788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $2176576985 |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Debt Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $27406856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $27406856 |
| &nbsp;&nbsp;&nbsp;&nbsp; Temporary Cash Investment | $1273668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $1273668 |
|  | $160066865 | $2045190644 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $2205257509 |
|  MoA Catholic Values Index Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stock | $9868389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $9868389 |
| &nbsp;&nbsp;&nbsp;&nbsp; Temporary Cash Investment | $10727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $10727 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rights | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | —(a) |  |
|  | $9879116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $9879116 |
|  MoA Retirement Income Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated Mutual Funds | $298087075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $298087075 |
| &nbsp;&nbsp;&nbsp;&nbsp; Temporary Cash Investment | $25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $25 |
|  | $298087100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $298087100 |
|  MoA Clear Passage 2020 Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated Mutual Funds | $407757130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $407757130 |
|  MoA Clear Passage 2025 Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated Mutual Funds | $1067255068 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $1067255068 |
| &nbsp;&nbsp;&nbsp;&nbsp; Temporary Cash Investment | $27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $27 |
|  | $1067255095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $1067255095 |
|  MoA Clear Passage 2030 Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated Mutual Funds | $1501491053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $1501491053 |
|  MoA Clear Passage 2035 Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated Mutual Funds | $1552921243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $1552921243 |
|  MoA Clear Passage 2040 Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated Mutual Funds | $1348032358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $1348032358 |
|  MoA Clear Passage 2045 Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated Mutual Funds | $1402189031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $1402189031 |
|  MoA Clear Passage 2050 Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated Mutual Funds | $1104117394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $1104117394 |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**2.** **SIGNIFICANT ACCOUNTING POLICIES (continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 — Quoted<br>Prices** | **Level 2 — Significant<br>Observable Inputs** | **Level 3 — Significant<br>Unobservable Inputs** | **Total** |
|  MoA Clear Passage 2055 Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated Mutual Funds | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;673335261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $673335261 |
|  MoA Clear Passage 2060 Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated Mutual Funds | $396740954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $396740954 |
|  MoA Clear Passage 2065 Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated Mutual Funds | $184442226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $184442226 |
|  MoA Clear Passage 2070 Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated Mutual Funds | $4862156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $4862156 |
|  MoA Conservative Allocation Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated Mutual Funds | $146488003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $146488003 |
|  MoA Moderate Allocation Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated Mutual Funds | $394638986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $394638986 |
|  MoA Aggressive Allocation Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated Mutual Funds | $338403658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $338403658 |
|  MoA US Government Money Market Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $68811503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $68811503 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Debt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $442871766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $442871766 |
| &nbsp;&nbsp;&nbsp;&nbsp; Temporary Cash Investment | $137725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $137725 |
|  | $137725 | $511683269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $511820994 |
|  MoA Intermediate Bond Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Debt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $488258111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $488258111 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agency Residential Mortgage-Backed Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $84854480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $84854480 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agency Non- Mortgage-Backed Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $1996458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $1996458 |
| &nbsp;&nbsp;&nbsp;&nbsp; Long-Term Corporate Debt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $476852179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $476852179 |
| &nbsp;&nbsp;&nbsp;&nbsp; Temporary Cash Investment | $471215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $471215 |
|  | $471215 | $1051961228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $1052432443 |
|  MoA Core Bond Fund |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Debt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $479152697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $479152697 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agency Residential Mortgage-Backed Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $752454624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $752454624 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agency Non- Mortgage-Backed Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $5864597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $5864597 |
| &nbsp;&nbsp;&nbsp;&nbsp; Long-Term Corporate Debt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $955879711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $955879711 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sovereign Debt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,001,410(a) | $1001410 |
| &nbsp;&nbsp;&nbsp;&nbsp; Short-Term Debt Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $2499763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $2499763 |
| &nbsp;&nbsp;&nbsp;&nbsp; Temporary Cash Investment | $464096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $464096 |
|  | $464096 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2195851392 | $1001410 | $2197316898 |
| Other Financial Instruments:\*\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA International Fund | $23491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $23491 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Equity Index Fund | $(24066) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $(24066) |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA All America Fund | $(15283) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $(15283) |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**2.** **SIGNIFICANT ACCOUNTING POLICIES (continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Level 1 — Quoted<br>Prices** | **Level 2 — Significant<br>Observable Inputs** | **Level 3 — Significant<br>Unobservable Inputs** | **Total** |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Equity Index Fund | $(281900) |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(281900) |

---

\* See Portfolios of Investments for more details on industry or country classifications, as applicable.

(a) Includes securities fair valued using methods determined in good faith by the Adviser and reviewed by the Investment Company Valuation Committee, in accordance with procedures adopted by the Board of Directors of the Investment Company.

\*\* Other financial instruments are derivative instruments not reflected in the Portfolio of Investments, such as futures contracts which are valued at the settlement price established each day by the exchange on which traded.

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Fair Value Measurement Using Significant Unobservable<br>Inputs (Level 3) for the year ended December 31, 2025** | **Fair Value Measurement Using Significant Unobservable<br>Inputs (Level 3) for the year ended December 31, 2025** | **Fair Value Measurement Using Significant Unobservable<br>Inputs (Level 3) for the year ended December 31, 2025** | **Fair Value Measurement Using Significant Unobservable<br>Inputs (Level 3) for the year ended December 31, 2025** | **Fair Value Measurement Using Significant Unobservable<br>Inputs (Level 3) for the year ended December 31, 2025** | **Fair Value Measurement Using Significant Unobservable<br>Inputs (Level 3) for the year ended December 31, 2025** | **Fair Value Measurement Using Significant Unobservable<br>Inputs (Level 3) for the year ended December 31, 2025** | **Fair Value Measurement Using Significant Unobservable<br>Inputs (Level 3) for the year ended December 31, 2025** | **Fair Value Measurement Using Significant Unobservable<br>Inputs (Level 3) for the year ended December 31, 2025** | **Fair Value Measurement Using Significant Unobservable<br>Inputs (Level 3) for the year ended December 31, 2025** |
|  | **Balance**<br>**December 31,**<br>**2024(a)** | **Change in<br>Unrealized<br>Gains<br>(Losses)** | **Realized<br>Gains<br>(Losses)** | **Accrued<br>Discounts/<br>Premiums** | **Transfers<br>Into<br>Level 3** | **Transfers<br>Out of<br>Level 3** | **Purchases/<br>Payups** | **Sales/** <br>**Paydown** | **Balance<br>December 31,<br>2025(a)** | **Net Change in<br>Unrealized<br>Gains/<br>(Losses)<br>of Level 3<br>Assets Held<br>as of<br>December 31,<br>2025** |
|  MoA All America Fund — Rights |  |  |  |  |  |  |  |  | —(b) |  |
|  MoA Small Cap Growth Fund — Rights |  |  |  |  |  |  |  |  | —(b) |  |
|  MoA Small Cap Equity Index Fund — Earnout Shares | —(c) |  |  |  |  |  |  |  | —(c) |  |
|  MoA Catholic Values Index Fund — Rights | —(d) |  |  |  |  |  |  |  | —(d) |  |
|  MoA Core Bond Fund — Sovereign Debt | $1,284,467(e) | $(3317) | $(1385) | $(1764) |  |  |  | $(276591) | $1,001,410(e) | $(3317) |

---

(a) Includes securities fair valued using methods determined in good faith by the Adviser and reviewed by the Investment Company Valuation Committee, in accordance with procedures adopted by the Board of Directors of the Investment Company.

(b) Level 3 secruities, Blueprint Medicines Corp. - contingent value rights with $0 fair value.

(c) Level 3 securities, OmniAB, Inc. Cl CR3 and OmniAB, Inc. Cl CR4 - earnout shares with $0 fair value.

(d) Level 3 securities, Contra ABIOMED, Inc. - contingent value rights with $0 fair value.

(e) Level 3 security, Sri Lanka AID, with change in unrealized loss of $(3,317), accrued discounts of $(1,764), sales/paydowns of $(276,591) and $1,001,410 fair value.

*Security Valuation* — Investment securities are carried at fair value as follows:

The Funds' investments are valued as of the close of trading on the New York Stock Exchange ("Exchange") on each day the Exchange is open for trading. The Exchange usually closes at 4:00 pm Eastern Time but some-

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**2.** **SIGNIFICANT ACCOUNTING POLICIES (continued)** 

times closes earlier. For Funds that invest in securities listed on foreign exchanges, the value of the securities may change on days when the Funds are closed and there is no possibility to purchase or redeem shares of the Funds. Valuation adjustments may be applied to certain securities that were solely traded on a foreign exchange to account for the market movement between the close of the foreign market and the close of the Exchange.

The Board has adopted valuation procedures for security valuation under which the Adviser was designated to perform certain fair valuation responsibilities. The Adviser has established a Valuation Committee responsible for supervising the fair valuation of portfolio securities. The valuation procedures permit the Funds to utilize independent pricing vendor services, quotations from market makers and alternative valuation methods when market quotations are either not readily available or not deemed representative of market value. Assumptions utilized by the valuation committee vary depending on the investment being fair-valued and the technique deemed most appropriate to the nature of the investment and how a market participant would fair value the investment. Such techniques involve utilizing market observable spreads for fixed income securities, discounted cash flow models and weighting of company specific events and circumstances as inputs into fair value estimates. A record of the Valuation Committee's actions is subject to the Board's review at its next regularly scheduled quarterly meeting.

Exchange-traded equity securities are valued at the last reported sales price on the principal exchange on which the security is traded. If there is no trading volume for a particular valuation day, the Valuation Committee is responsible for the fair valuation of portfolio security.

Short-term debt securities with a maturity of 60 days or less are valued at amortized cost, which approximates fair value for such securities.

Debt securities, including short-term debt securities maturing in excess of 60 days, are typically valued on the basis of prices obtained from an independent pricing source. The pricing source may utilize various pricing methodologies that incorporate both models (which consider factors such as yield, quality, coupon rate, maturity, issue type, quoted prices for similar securities, prepayment speeds and trading characteristics) and dealer-supplied valuations to derive a valuation.

Temporary cash investments are amounts on deposit with financial institutions that are swept daily into an overnight investment and returned the next business day. These short-term temporary cash investments are valued at cost which approximates fair value.

When a price is not available from an independent pricing source or when prices may not reflect market value, such as when the price provided by the pricing source is not based on a recent trade, these securities are fair valued using the valuation procedures described above and are considered Level 3 securities.

The Target Date Funds and the Conservative, Aggressive, and Moderate Allocation Funds (each a "Fund of Funds") value their investments in the underlying Funds of the Investment Company at their respective net asset values.

*Investment Transactions* — Investment transactions are accounted for as of the trade date. Realized gains and losses on the sale of securities are computed on the basis of identified cost at the time of sale, determined on the first-in, first-out ("FIFO") basis.

*Futures Contracts* — The MoA Equity Index Fund, MoA Mid Cap Equity Index Fund, MoA International Fund and a portion of the MoA All America Fund each maintain portfolios which are subject to equity price risk. In order to remain more fully invested in the equity markets while minimizing transaction costs, the Funds may purchase stock index futures contracts. These purchases of futures contracts allow the Funds to invest available cash to attempt to efficiently and cost effectively keep the Funds fully invested on a daily basis in an attempt to minimize deviation from the performance of the indices.

An initial cash margin deposit (represented by Treasury bills) is made upon entering into a futures contract and serves as collateral for the contract. This initial margin, maintained in a segregated account, does not involve

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**2.** **SIGNIFICANT ACCOUNTING POLICIES (continued)** 

the borrowing of funds to finance the transaction. During the period the futures contract is outstanding, changes in the value of the contract are recognized as unrealized appreciation or depreciation by "marking-to-market" on a daily basis to reflect the market value of the contract at the end of each trading day. The accumulated unrealized appreciation or depreciation on the contract is included in Total Distributable Earnings (Loss) in the Components of Net Assets section of the Statements of Assets and Liabilities. Futures contracts are valued at the settlement price established each day by the exchange on which traded. Depending upon whether unrealized appreciation or depreciation are incurred, variation margin payments are received or made daily. The net change in unrealized appreciation or depreciation of futures contracts is recorded in the Statements of Operations. When the contract is closed, a realized gain or loss from futures transactions is recorded in the Statements of Operations, equal to the net variation margin received or paid over the period the contract was outstanding.

The "Underlying Face Amount at Value" (appearing in the "Footnotes to Portfolios of Investments in Securities") representing the aggregate of outstanding contractual amounts under futures contracts reflects the extent of a Fund's exposure to off-balance sheet risk. The use of futures transactions involves the risk of imperfect correlation in the price movements of the contract and the underlying securities. With futures contracts, there is minimal counterparty credit risk to the Fund since futures are exchange traded and the exchange's clearinghouse, as counterparty to all exchange traded futures, guarantees the futures against default.

The following table presents the financial statement impacts resulting from the Funds' use of futures contracts at their fair values as of December 31, 2025, and for the year ended December 31, 2025:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Derivatives not accounted<br>for as hedging instruments** | **Risk<br>Type** | **Locations on Statements of<br>Assets and Liabilities** | **MoA Equity<br>Index Fund** | **MoA All**<br>**America Fund** | **MoA Mid Cap<br>Equity Index<br>Fund** | **MoA<br>International<br>Fund** |
|  Futures Contracts | Equity | Total Distributable Earnings (Loss) | $(24066) | $(15283) | $(281900) | $23491 |
| **Derivatives not accounted<br>for as hedging instruments** | **Risk<br>Type** | **Locations on Statements of<br>Operations** | **MoA Equity<br>Index Fund** | **MoA All<br>America Fund** | **MoA Mid Cap<br>Equity Index<br>Fund** | **MoA<br>International<br>Fund** |
|  Futures Contracts | Equity | Net realized gain (loss) on<br>Futures contracts | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5266277 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287016 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(422387) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4011571 |
|  Futures Contracts | Equity | Change in net unrealized<br>appreciation<br>(depreciation) of Futures contracts | $2175126 | $55562 | $428450 | $505111 |

---

During the year ended December 31, 2025, the MoA Equity Index Fund, MoA All America Fund, MoA Mid-Cap Equity Index Fund and MoA International Fund held futures contracts with average notional amounts of $77,640,530, $3,229,268, $18,959,464 and $20,301,893, respectively.

*Warrants* — A warrant is an option to purchase common stock of an issuer and is issued in conjunction with another security, such as a debt obligation. A warrant specifies the price at which the holder may purchase shares of common stock and usually expires after a period of time. A warrant holder generally may pay cash for the common stock to be purchased or may surrender the principal amount of the related debt security the warrant holder owns equal to the purchase price for the stock.

The common stock underlying a warrant may not increase in value after the date the warrant was issued, or may not increase up to the warrant exercise price. In this case, the warrant generally would have little value and could expire unexercised.

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**2.** **SIGNIFICANT ACCOUNTING POLICIES (continued)** 

*Investment Income* — Interest income, accretion of discount and amortization of premium are recorded daily on an accrual basis using the effective interest method. A debt obligation may cease accrual of income and result in a reduction to interest income when the collection of all or a portion of current and past due interest is in doubt. Dividend income is recorded on the ex-dividend date. Non-cash dividends, if any, are recorded at the fair market value of the securities received. Foreign source tax withheld from dividends is recorded as a reduction from dividend income. The Funds may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. These amounts are included in Interest and dividends receivable on the Statements of Assets and Liabilities and in Dividends on the Statements of Operations. At the year-end December 31, 2025, the MoA International Fund had a withholding tax reclaim receivable amount of $7,365,357.

*Foreign Currency Translations* — The accounting records of the Funds are maintained in U.S. dollars. Foreign currency amounts are translated into U.S. dollars at the current rate of exchange of such currency against the U.S. dollar to determine the value of investments, assets and liabilities. Purchases and sales of securities, and income and expenses are translated at the prevailing rate of exchange on the respective dates of such transactions.

Reported net realized gains and losses arise from the sales of portfolio securities, sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions and the difference between the amounts of dividends, interest and foreign withholding taxes recorded on the Fund's books and the U.S. dollar equivalent of the amounts actually received or paid. As of December 31, 2024, the effect of changes in foreign exchange rates on the sale of foreign dominated securities was reflected separately in the net realized gain (loss) on foreign currency translations. For the year ended December 31, 2025, the effect of changes in foreign exchange rates on the sale of foreign denominated securities is reflected within the net realized gain (loss) on investment securities and is not reflected separately from the fluctuations arising from changes in the market price of securities sold. The effect of changes in foreign currency translations on securities held is reflected within the change in net unrealized appreciation (depreciation) of Investment securities and is not reflected separately from the fluctuations arising from changes in market prices of securities held.

*Distributions to Shareholders ("Dividends")* — Distributions to shareholders are recorded on the ex-dividend date and are made at least annually. It is the Investment Company's policy to make distributions of its net investment income and net realized gains, if any, in accordance with Federal income tax regulations, which may differ from U.S. generally accepted accounting principles. Accordingly, periodic reclassifications (which do not impact the Funds' net asset values) are made within the Funds' capital accounts to reflect income and gains available for distribution under Federal income tax regulations.

*Federal Income Taxes* — Each Fund in the Investment Company intends to continue to comply with the requirements of the Internal Revenue Code applicable to regulated investment companies and to distribute substantially all of its taxable income to shareholders annually. Therefore, no federal income or excise tax provision is required.

GAAP requires the evaluation of tax positions taken in the course of preparing a fund's tax return to determine whether it is "more-likely-than-not" that tax positions taken in the fund's tax return will be ultimately sustained, and, if not, a tax liability and expense is recorded.

As of December 31, 2025, management has evaluated the tax positions taken on the Funds' filed tax returns for all open tax years and has concluded that no tax provision is required in any of the Funds' financial statements. Generally, the statute of limitations is open for 3 years after the tax returns are filed. Each Fund's federal, state and local income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue.

As of December 31, 2025, the following Funds had late-year, and capital loss carry-forwards available to offset net realized capital gains generated after December 31, 2024.

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**2.** **SIGNIFICANT ACCOUNTING POLICIES (continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **MoA Mid Cap<br>Growth Fund** | **MoA International<br>Fund** | **MoA Intermediate<br>Bond Fund** | **MoA Core Bond<br>Fund** |
|  Capital loss carry-forward — (short-term) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(699980) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(35836451) | $— | $(16439687) |
|  Capital loss carry-forward — (long term) | $— | $— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(57469002) | $(129290669) |

---

The ability to utilize capital loss carryforwards in the future may be limited under the Internal Revenue Code and related regulations based on the results of future transactions.

**3.** **EXPENSES** 

The Investment Company has an Investment Advisory Agreement with the Adviser, an indirect wholly-owned subsidiary of Mutual of America. For providing investment management services to each of the Funds of the Investment Company, the Adviser receives a fee, calculated as a daily charge of the value of the net assets of each Fund, at the following annual rates:

---

| | |
|:---|:---|
| **Fund** | **Annual Investment<br>Management Fee** |
|  MoA Conservative Allocation, MoA Moderate Allocation, MoA Aggressive Allocation Funds | 0.00% |
|  MoA Target Date Funds | 0.05% |
|  MoA Equity Index, MoA Mid Cap Equity Index, MoA Small Cap Equity Index Funds | 0.075% |
|  MoA Catholic Values Index and MoA US Government Money Market Funds | 0.15% |
|  MoA Core Bond Fund | 0.39% |
|  MoA All America, MoA Balanced, MoA International (a), MoA Intermediate Bond Funds | 0.40% |
|  MoA Mid Cap Value and MoA Mid Cap Growth Funds | 0.55% |
|  MoA Small Cap Value and MoA Small Cap Growth Funds | 0.75% |

---

(a) On March 12, 2024, the shareholders of the MoA International Fund approved an amendment to the Fund's investment advisory agreement that amended the Fund's management fee from 0.075% to the annual rate of 0.40% of the Fund's average daily net assets. The Adviser has contractually agreed to waive 0.15% of the Fund's management fees from May 1, 2024, through April 30, 2026.

Shareholders in the Funds of Funds indirectly bear their pro-rata share of the investment management fees incurred by the underlying funds in which they invest. Certain non-investment management operating expenses that can be attributed only to the Fund of Funds are charged directly to those Funds.

The Investment Company and the Adviser had entered into an agreement under which the Adviser agreed to reimburse the non-investment management operating expenses of the MoA Small Cap Equity Index Fund and the MoA Catholic Values Index Fund to the extent that such operating expenses exceeded 0.07% of the respective Fund's net assets. This agreement was in effect through April 30, 2025 and was terminated on May 1, 2025 following written notice pursuant to the Agreement.

Effective on May 1, 2025, the Investment Company and the Adviser have entered into an agreement under which the Adviser agrees to waive its investment advisory fee and/or reimburse other ordinary operating expenses of the MoA Catholic Values Index Fund, MoA Small Cap Equity Index Fund and MoA Clear Passage 2070 Fund to the extent necessary to limit each such Fund's ordinary operating expenses (other than, among other things, the management fee and shareholder servicing fees) to an amount not to exceed the annual rate of 0.08% (the "Annual Limit") based on the Fund's average daily net assets. This agreement remains in effect through April 30, 2026 and continues into successive 12 month periods ending April 30 unless i) terminated by the Board of Directors of the Investment Company at any time, or ii) terminated by the Adviser upon written notice to the Investment Company delivered prior to May 1 of a given year, in which case the agreement will terminate as of the May 1 next following delivery of written notice. Effective September 8, 2025, the Adviser has also agreed to waive its investment advisory

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**3.** **EXPENSES (continued)** 

fee and/or reimburse other ordinary operating expenses (other than, among other things, the management fee and shareholder servicing fees) through April 30, 2026, to an amount not to exceed the Annual Limit of 0.08% based on the Fund's average daily net assets. To the extent that the Adviser waives its investment advisory fee and/or reimburses ordinary operating expenses of a Fund to satisfy the Annual Limit, the Adviser may seek recoupment from that Fund of a portion or all of such amounts at any time within three years from the date in which such amounts were waived or reimbursed, but only if such recoupment could be achieved without exceeding the Annual Limit in effect at the time of the waiver/reimbursement and any Annual Limit in effect at the time of the recoupment. As of December 31, 2025, the waivers or reimbursements subject to possible future recoupment under the expense limitation agreement are as follows.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Waivers from FYE<br>12/31/2023** | **Waivers from FYE<br>12/31/2024** | **Waivers from FYE<br>12/31/2025** | |
| **Fund** | **Expiring 12/31/26** | **Expiring 12/31/27** | **Expiring 12/31/28** |<br>**Total** |
|  MoA Mid Cap Growth Fund | $– | $– | $113875 | $113875 |
|  MoA Clear Passage 2070 Fund | $– | $– | $132282 | $132282 |
|  MoA Small Cap Equity Index Fund | $– | $– | $182397 | $182397 |
|  MoA Catholic Values Index Fund | $– | $– | $145723 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145723 |

---

For the year ended December 31, 2025, the reimbursement amounted to $205,561, $247,576, $113,875 and $132,282 for MoA Catholic Values Index Fund, MoA Small Cap Equity Index Fund, MoA Mid Cap Growth Fund, and MoA Clear Passage 2070 Fund, respectively.

The Adviser also serves as an administrator for the Investment Company. Under the terms of the Administration Agreement between the Adviser and the Investment Company, the Adviser agrees to provide certain Administrative Services or bear the cost of certain affiliates providing such services, in exchange for a fee at an annual rate of 0.03% of each Fund's average daily net assets.

The administrative services provided by the Adviser include, among other items, coordination and supervision of the Funds' other principal service providers; preparing and submitting reports to various regulatory agencies; compliance-related services; internal legal support; preparing and submitting reports and meeting materials to the Board of Directors; maintaining the Investment Company's records; providing officers to the Funds; and negotiating and administering contractual arrangements with, and monitoring the performance of, service providers to the Funds. The Adviser has voluntarily agreed to waive 0.008% of this fee. This waiver may be modified or discontinued at any time.

The fees to the Adviser from the Administration Agreement are disclosed as Administrative fees on the Statements of Operations. The effect of the waiver of expenses related to the Administrative Services and any non-investment management operating expense reimbursements by the Adviser is included in Fee waiver and expense reimbursement on the Statements of Operations. Amounts by Fund are listed below.

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**3.** **EXPENSES (continued)** 

---

| | |
|:---|:---|
| **Fund** | **Administrative<br>Services Waiver** |
|  MoA Equity Index Fund | $465894 |
|  MoA All America Fund | 23765 |
|  MoA Small Cap Value Fund | 29986 |
|  MoA Small Cap Growth Fund | 32022 |
|  MoA Small Cap Equity Index Fund | 14507 |
|  MoA Mid Cap Value Fund | 15440 |
|  MoA Mid Cap Growth Fund | 1733 |
|  MoA Mid Cap Equity Index Fund | 114629 |
|  MoA Balanced Fund | 16281 |
|  MoA International Fund | 156298 |
|  MoA Catholic Values Index Fund | 669 |
|  MoA Retirement Income Fund | 21413 |
|  MoA Clear Passage 2020 Fund | 34312 |
|  MoA Clear Passage 2025 Fund | 85431 |
|  MoA Clear Passage 2030 Fund | 114591 |
|  MoA Clear Passage 2035 Fund | 116223 |
|  MoA Clear Passage 2040 Fund | 100585 |
|  MoA Clear Passage 2045 Fund | 103689 |
|  MoA Clear Passage 2050 Fund | 81739 |
|  MoA Clear Passage 2055 Fund | 48337 |
|  MoA Clear Passage 2060 Fund | 27814 |
|  MoA Clear Passage 2065 Fund | 12063 |
|  MoA Clear Passage 2070 Fund | 124 |
|  MoA Conservative Allocation Fund | 11852 |
|  MoA Moderate Allocation Fund | 31227 |
|  MoA Aggressive Allocation Fund | 26488 |
|  MoA US Government Money Market Fund | 41836 |
|  MoA Intermediate Bond Fund | 75344 |
|  MoA Core Bond Fund | 178252 |
|  | $1982544 |

---

Effective June 15, 2023, the Board authorized each Fund to pay up to $10 per account or up to 0.15% of average daily net assets for shareholder services, depending on the terms of the fee assessed by the financial intermediary. For certain distribution channels, the payment amount is set at a per account amount. If the charge exceeds $10 per account or 0.15% of average daily net assets, the excess is borne by the Adviser. These payments are in addition to the annual transfer agency fees paid by a Fund to the Transfer Agent, and may include payments to financial intermediaries that charge networking fees for certain services provided in connection with the maintenance of shareholder accounts through the NSCC. These shareholder servicing fees are recorded in Shareholder service fees on the Statements of Operations. Any portion of unpaid fee as of December 31, 2025, is included within Accrued Expenses on the Statements of Assets and Liabilities.

Effective January 1, 2026, Mutual of America Life Insurance Company, the parent company of the Adviser, will waive the shareholder service fee of 0.10% of average daily net assets charged to the Target Date Funds and MoA Retirement Income Fund. For the period or year ended December 31, 2025, amounts incurred to Mutual of America Life Insurance Company were as follows:

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**3.** **EXPENSES (continued)** 

---

| | |
|:---|:---|
| **Fund** | |
|  MoA Retirement Income Fund | $261895 |
|  MoA Clear Passage 2020 Fund | $428457 |
|  MoA Clear Passage 2025 Fund | $1064636 |
|  MoA Clear Passage 2030 Fund | $1429405 |
|  MoA Clear Passage 2035 Fund | $1452139 |
|  MoA Clear Passage 2040 Fund | $1255450 |
|  MoA Clear Passage 2045 Fund | $1295338 |
|  MoA Clear Passage 2050 Fund | $1021209 |
|  MoA Clear Passage 2055 Fund | $603997 |
|  MoA Clear Passage 2060 Fund | $347547 |
|  MoA Clear Passage 2065 Fund | $150626 |
|  MoA Clear Passage 2070 Fund | $821 |
|  Total | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9344920 |

---

**4.** **INVESTMENTS** 

The cost of investment purchases and proceeds from sales of investments, excluding short-term securities and futures contracts, for the year or period ended December 31, 2025, were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Equity Index<br>Fund** | **MoA All America<br>Fund** | **MoA Small Cap<br>Value Fund** | **MoA Small Cap<br>Growth Fund** | **MoA Small Cap<br>Equity Index Fund** |
|  Cost of investment purchases | $147737369 | $60250470 | $140205395 | $129700496 | $71473475 |
|  Proceeds from sales of investments | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(713581654) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(103398489) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(183932807) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(140570899) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(115951968) |
|  | **MoA Mid Cap**<br>**Value Fund** | **MoA Mid Cap<br>Growth Fund** | **MoA Mid Cap<br>Equity Index Fund** | **MoA Balanced<br>Fund** | **MoA International<br>Fund** |
|  Cost of investment purchases | $68786019 | $109942791 | $215275115 | $59631268 | $484143127 |
|  Proceeds from sales of investments | $(95040746) | $(3081951) | $(499457787) | $(79589897) | $(426151150) |
|  | **MoA Catholic**<br>**Values Index Fund** | **MoA Retirement<br>Income Fund** | **MoA Clear**<br>**Passage 2020**<br>**Fund** | **MoA Clear**<br>**Passage 2025**<br>**Fund** | **MoA Clear**<br>**Passage 2030**<br>**Fund** |
|  Cost of investment purchases | $2974541 | $50966913 | $63862252 | $170032627 | $279184751 |
|  Proceeds from sales of investments | $(1954651) | $(74858072) | $(136418203) | $(277314708) | $(277964111) |
|  | **MoA Clear**<br>**Passage 2035**<br>**Fund** | **MoA Clear**<br>**Passage 2040**<br>**Fund** | **MoA Clear**<br>**Passage 2045**<br>**Fund** | **MoA Clear**<br>**Passage 2050**<br>**Fund** | **MoA Clear**<br>**Passage 2055**<br>**Fund** |
|  Cost of investment purchases | $318850405 | $257920650 | $232053754 | $209838045 | $149233572 |
|  Proceeds from sales of investments | $(269297423) | $(215440939) | $(170558534) | $(169681293) | $(89140195) |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**4.** **INVESTMENTS (continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Clear**<br>**Passage 2060**<br>**Fund** | **MoA Clear**<br>**Passage 2065**<br>**Fund** | **MoA Clear**<br>**Passage 2070**<br>**Fund** | **MoA Conservative<br>Allocation Fund** | **MoA Moderate<br>Allocation Fund** |
|  Cost of investment purchases | $105296595 | $69274149 | $5005211 | $25209885 | $52493715 |
|  Proceeds from sales of investments | $(50370687) | $(19633425) | $(198139) | $(37402144) | $(82640445) |
|  | **MoA Aggressive<br>Allocation Fund** | **MoA Intermediate<br>Bond Fund** | **MoA Core Bond<br>Fund** |  |  |
|  Cost of investment purchases | $46235850 | $752642149 | $754278738 |  |  |
|  Proceeds from sales of investments | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(68159237) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(620890347) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(838616907) |  |  |

---

The cost of short-term security purchases for the MoA US Government Money Market Fund for the year ended December 31, 2025, was $3,432,475,060; proceeds from sales for the same period were $(3,460,746,822).

The components of net unrealized appreciation (depreciation) of investments for federal income tax purposes and the cost of investments for federal income tax purposes at December 31, 2025, for each of the Funds were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Equity Index<br>Fund** | **MoA All America<br>Fund** | **MoA Small Cap<br>Value Fund** | **MoA Small Cap<br>Growth Fund** | **MoA Small Cap<br>Equity Index Fund** |
|  Unrealized Appreciation | $3577856738 | $102850834 | $78801625 | $121341080 | $36506087 |
|  Unrealized Depreciation | $(135827072) | $(12682991) | $(19048974) | $(22340640) | $(22208932) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net | $3442029666 | $90167843 | $59752651 | $99000440 | $14297155 |
|  Tax Cost of Investments | $2736471779 | $206248575 | $305714095 | $327417881 | $156403582 |
|  | **MoA Mid Cap<br>Value Fund** | **MoA Mid Cap<br>Growth Fund** | **MoA Mid Cap<br>Equity Index Fund** | **MoA Balanced<br>Fund** | **MoA International<br>Fund** |
|  Unrealized Appreciation | $32456643 | $2451894 | $356211196 | $67070561 | $681401381 |
|  Unrealized Depreciation | $(10548626) | $(6133466) | $(101479819) | $(3711593) | $(77136021) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net | $21908017 | $(3681572) | $254731377 | $63358968 | $604265360 |
|  Tax Cost of Investments | $163472164 | $109614262 | $1078618515 | $148500755 | $1601704313 |
|  | **MoA Catholic<br>Values Index Fund** | **MoA Retirement<br>Income Fund** | **MoA Clear<br>Passage 2020<br>Fund** | **MoA Clear<br>Passage 2025<br>Fund** | **MoA Clear<br>Passage 2030<br>Fund** |
|  Unrealized Appreciation | $3429861 | $16490360 | $24192321 | $80900111 | $129830080 |
|  Unrealized Depreciation | $(285160) | $(19360625) | $(29683568) | $(61676844) | $(51479337) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net | $3144701 | $(2870265) | $(5491247) | $19223267 | $78350743 |
|  Tax Cost of Investments | $6734415 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302257210 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;413248377 | $1048031828 | $1423140310 |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**4.** **INVESTMENTS (continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Clear<br>Passage 2035<br>Fund** | **MoA Clear<br>Passage 2040<br>Fund** | **MoA Clear<br>Passage 2045<br>Fund** | **MoA Clear<br>Passage 2050<br>Fund** | **MoA Clear<br>Passage 2055<br>Fund** |
|  Unrealized Appreciation | $153797152 | $158270807 | $179931446 | $140730152 | $82919491 |
|  Unrealized Depreciation | $(43593681) | $(31807356) | $(30403162) | $(22607758) | $(14166338) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net | $110203471 | $126463451 | $149528284 | $118122394 | $68753153 |
|  Tax Cost of Investments | $1442717772 | $1221568907 | $1252660747 | $985995000 | $604582108 |
|  | **MoA Clear<br>Passage 2060<br>Fund** | **MoA Clear<br>Passage 2065<br>Fund** | **MoA Clear<br>Passage 2070<br>Fund** | **MoA Conservative<br>Allocation Fund** | **MoA Moderate<br>Allocation Fund** |
|  Unrealized Appreciation | $49444451 | $18393651 | $85468 | $7700967 | $44214185 |
|  Unrealized Depreciation | $(7927116) | $(3418878) | $(55426) | $(9317217) | $(19596284) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net | $41517335 | $14974773 | $30042 | $(1616250) | $24617901 |
|  Tax Cost of Investments | $355223619 | $169467453 | $4832114 | $148104253 | $370021085 |
|  | **MoA Aggressive<br>Allocation Fund** | **MoA US<br>Government<br>Money Market<br>Fund** | **MoA Intermediate<br>Bond Fund** | **MoA Core Bond<br>Fund** |  |
|  Unrealized Appreciation | $44857598 | $— | $12405274 | $28977334 |  |
|  Unrealized Depreciation | $(11322769) | $— | $(5072219) | $(111694361) |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Net | $33534829 | $— | $7333055 | $(82717027) |  |
|  Tax Cost of Investments | $304868829 | $511820994 | $1045099388 | $2280033925 |  |

---

Differences between amounts reflected in the Statements of Assets and Liabilities and those computed for federal income tax purposes arise primarily from federal income tax treatment of wash sales, REITs, PFICs, partnerships, corporate actions and futures contracts.

The Target Date and the Conservative, Aggressive, and Moderate Allocation Funds are invested in affiliated funds of the Investment Company and receive dividend income and distributions of gains entirely from these affiliated funds. Realized gains and losses result from the disposition of shares of these underlying funds. The Target Date and the Conservative, Aggressive, and Moderate Allocation Funds also derive unrealized gains and losses entirely from these affiliated funds. Investments in affiliated investment companies during the year ended December 31, 2025, were as follows:

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**4.** **INVESTMENTS (continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated<br>Investment<br>Company** | **Value as of<br>December 31,<br>2024** | **Purchases\*** | **Realized<br>Gain**<br>**(Loss) on<br>Investment**<br>**Securities** | **Change in<br>Unrealized<br>Appreciation**<br>**(Depreciation)**<br>**of Investment**<br>**Securities** | **Sales** | **Value as of<br>December 31,<br>2025** | **Dividends** | **Realized<br>Gain,**<br>**Distributions** |
|  <br> MoA Retirement Income Fund | <br> MoA Retirement Income Fund | <br> MoA Retirement Income Fund | <br> MoA Retirement Income Fund |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Core Bond Fund | $71140536 | $50842219 | $(2765559) | $5561932 | $(22552872) | $102226256 | $3961745 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Equity Index Fund | 44979253 | 36089363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3109830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1958287 | (18439320) | 67697413 | 764660 | 6628849 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Intermediate Bond Fund | 61488957 | 40391556 | (2479941) | 4222165 | (21469520) | 82153217 | 2945223 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA International Fund | 9837148 | 7270605 | 497266 | 3384500 | (3212271) | 17777248 | 607075 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Equity Index Fund | 8862182 | 6358837 | (387101) | 336475 | (3169815) | 12000578 | 168879 | 1131502 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Value Fund | 1039429 | 489449 | (74381) | 41579 | (1496076) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA US Government Money Market Fund | 10594824 | 10155748 | 8620 | (8631) | (4518198) | 16232363 | 590018 | 210 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207942329 | $151597777 | $(2091266) | $15496307 | $(74858072) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298087075 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9037600 | $7760561 |

---

\* Includes the impact of investments acquired as part of the merger. See Note 7.

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**4.** **INVESTMENTS (continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated**<br> **Investment**<br> **Company** | **Value as of<br>December 31,<br>2024** | **Purchases** | **Realized**<br>**Gain**<br>**(Loss) on<br>Investment**<br>**Securities** | **Change in<br>Unrealized<br>Appreciation**<br>**(Depreciation)**<br>**of Investment<br>Securities** | **Sales** | **Value as of**<br>**December 31,<br>2025** | **Dividends** | **Realized<br>Gain,**<br>**Distributions** |
|  <br> MoA Clear Passage 2020 Fund | <br> MoA Clear Passage 2020 Fund | <br> MoA Clear Passage 2020 Fund | <br> MoA Clear Passage 2020 Fund |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Core Bond Fund | $166853693 | $14675328 | $(7694428) | $12781498 | $(44819653) | $141796438 | $6447937 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Equity Index Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113617748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13317325 | 11654276 | (6194870) | (38071545) | 94322934 | 1135529 | 9303967 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Intermediate Bond Fund | 92212617 | 24835071 | (3434445) | 5739901 | (26136128) | 93217016 | 3448499 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA International Fund | 30655704 | 3210757 | 1043786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8147507 | (8460228) | 34597526 | 1205612 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Equity Index Fund | 21392394 | 2459562 | (902461) | 173056 | (5502733) | 17619818 | 257424 | 1673692 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Value Fund | 3198575 | 51746 | (264038) | 115968 | (3102251) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA US Government Money Market Fund | 22990170 | 1599836 | (1111) | 1085 | (5505818) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19084162 | 857700 | 250 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Equity Index Fund | 3238599 | 51746 | 17219 | (337796) | (2969768) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Growth Fund |  | 2794542 | 73983 | 350138 | (749397) | 2469266 |  | 23403 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Value Fund | 4977497 | 866339 | 37596 | (130780) | (1100682) | 4649970 | 59881 | 174349 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total | $459136997 | $63862252 | $530377 | $20645707 | $(136418203) | $407757130 | $13412582 | $11175661 |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**4.** **INVESTMENTS (continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated**<br> **Investment**<br> **Company** | **Value as of<br>December 31,<br>2024** | **Purchases** | **Realized**<br>**Gain**<br>**(Loss) on<br>Investment**<br>**Securities** | **Change in<br>Unrealized<br>Appreciation**<br>**(Depreciation)**<br>**of Investment<br>Securities** | **Sales** | **Value as of**<br>**December 31,<br>2025** | **Dividends** | **Realized<br>Gain,**<br>**Distributions** |
|  <br> MoA Clear Passage 2025 Fund | <br> MoA Clear Passage 2025 Fund | <br> MoA Clear Passage 2025 Fund | <br> MoA Clear Passage 2025 Fund |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Core Bond Fund | $366272456 | $40612862 | $(13553478) | $24929618 | $(76383303) | $341878155 | $14574135 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Equity Index Fund | 341117466 | 48771321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28322277 | (12236497) | (94782821) | 311191746 | 3569515 | 30507596 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Intermediate Bond Fund | 166623563 | 46813004 | (5649881) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9973939 | (40305511) | 177455114 | 6522646 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA International Fund | 111232243 | 10219587 | 2123200 | 31512450 | (24068033) | 131019447 | 4497117 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Equity Index Fund | 54059735 | 7832771 | (1693981) | (284998) | (10397210) | 49516317 | 674516 | 4675949 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Value Fund | 10363948 | 217829 | (811920) | 331388 | (10101245) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA US Government Money Market Fund | 33421802 | 3012057 | 1894 | (1917) | (6838957) | 29594879 | 1273516 | 384 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Equity Index Fund | 9297850 | 217829 | (188934) | (729384) | (8597361) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Growth Fund |  | 10605181 | 202364 | 1454596 | (1924990) | 10337151 |  | 96892 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Value Fund | 19027791 | 1730186 | 430812 | (1011253) | (3915277) | 16262259 | 204887 | 606344 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total | $1111416854 | $170032627 | $9182353 | $53937942 | $(277314708) | $1067255068 | $31316332 | $35887165 |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**4.** **INVESTMENTS (continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated**<br> **Investment**<br> **Company** | **Value as of<br>December 31,<br>2024** | **Purchases** | **Realized**<br>**Gain**<br>**(Loss) on<br>Investment**<br>**Securities** | **Change in<br>Unrealized<br>Appreciation**<br>**(Depreciation)**<br>**of Investment<br>Securities** | **Sales** | **Value as of**<br>**December 31,<br>2025** | **Dividends** | **Realized<br>Gain,**<br>**Distributions** |
|  <br> MoA Clear Passage 2030 Fund | <br> MoA Clear Passage 2030 Fund | <br> MoA Clear Passage 2030 Fund | <br> MoA Clear Passage 2030 Fund |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Core Bond Fund | $390432015 | $52311940 | $(11294417) | $23845616 | $(59231014) | $396064140 | $16308247 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Equity Index Fund | 504712209 | 84736751 | 37197961 | (12738218) | (101833894) | 512074809 | 5678632 | 50071761 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Intermediate Bond Fund | 139728106 | 70395084 | (2948327) | 6961909 | (23674202) | 190462570 | 6272822 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA International Fund | 169447292 | 18789505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4041403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49259300 | (26420910) | 215116590 | 7278990 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Equity Index Fund | 81817396 | 10943646 | (2262200) | 1058091 | (35964629) | 55592304 | 989985 | 5233369 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Growth Fund |  | 22584183 | (10050) | (885719) | (597741) | 21090673 | 12574 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Value Fund | 23339366 | 3596090 | 405721 | (1640030) | (3727080) | 21974067 | 248210 | 1517919 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA US Government Money Market Fund | 41978338 | 4577966 | 8184 | (8227) | (5595245) | 40961016 | 1684582 | 530 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Equity Index Fund | 14751108 | 384234 | 207993 | (1072982) | (14270353) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Growth Fund | 16222078 | 4629959 | (732730) | 2544731 | (2921961) | 19742077 |  | 184232 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Value Fund | 26323582 | 6235393 | 622284 | (1041370) | (3727082) | 28412807 | 349120 | 1056312 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total | $1408751490 | $279184751 | $25235822 | $66283101 | $(277964111) | $1501491053 | $38823162 | $58064123 |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**4.** **INVESTMENTS (continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated**<br> **Investment**<br> **Company** | **Value as of<br>December 31,<br>2024** | **Purchases** | **Realized**<br>**Gain**<br>**(Loss) on<br>Investment**<br>**Securities** | **Change in<br>Unrealized<br>Appreciation**<br>**(Depreciation)**<br>**of Investment<br>Securities** | **Sales** | **Value as of**<br>**December 31,<br>2025** | **Dividends** | **Realized<br>Gain,**<br>**Distributions** |
|  <br> MoA Clear Passage 2035 Fund | <br> MoA Clear Passage 2035 Fund | <br> MoA Clear Passage 2035 Fund | <br> MoA Clear Passage 2035 Fund |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Core Bond Fund | $305899807 | $56132500 | $(10673371) | $20676161 | $(43174503) | $328860594 | $13171046 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Equity Index Fund | 586641436 | 105641501 | 41551083 | (12804394) | (114820357) | 606209269 | 6714404 | 59256150 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Intermediate Bond Fund | 70495892 | 68424473 | (34340) | 2121103 | (13739846) | 127267282 | 3558825 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA International Fund | 205989644 | 25708267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3613676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62198241 | (25398719) | 272111109 | 9067317 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Equity Index Fund | 112896351 | 16284141 | (5400018) | 2794169 | (41513448) | 85061195 | 1421107 | 8006159 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Growth Fund |  | 19266975 | (7640) | (752212) | (508913) | 17998210 | 10710 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Value Fund | 19385718 | 3637493 | 273227 | (1333267) | (3253889) | 18709282 | 209229 | 1291295 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA US Government Money Market Fund | 40906131 | 5017364 | 5613 | (5667) | (4885409) | 41038032 | 1666731 | 531 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Equity Index Fund | 14494694 | 1460832 | 1176877 | (871778) | (9626947) | 6633678 | 150833 | 241514 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Growth Fund | 14908269 | 10914952 | (872503) | 2620302 | (2621503) | 24949517 |  | 232782 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Value Fund | 27625334 | 6361907 | (492556) | 342279 | (9753889) | 24083075 | 330174 | 894765 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total | $1399243276 | $318850405 | $29140048 | $74984937 | $(269297423) | $1552921243 | $36300376 | $69923196 |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**4.** **INVESTMENTS (continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated**<br> **Investment**<br> **Company** | **Value as of<br>December 31,<br>2024** | **Purchases** | **Realized**<br>**Gain**<br>**(Loss) on<br>Investment**<br>**Securities** | **Change in<br>Unrealized<br>Appreciation**<br>**(Depreciation)**<br>**of Investment<br>Securities** | **Sales** | **Value as of**<br>**December 31,<br>2025** | **Dividends** | **Realized<br>Gain,**<br>**Distributions** |
|  <br> MoA Clear Passage 2040 Fund | <br> MoA Clear Passage 2040 Fund | <br> MoA Clear Passage 2040 Fund | <br> MoA Clear Passage 2040 Fund |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Core Bond Fund | $169096294 | $35823272 | $(6772910) | $12435763 | $(27494620) | $183087799 | $7393111 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Equity Index Fund | 542495016 | 101600649 | 28726627 | (1978296) | (89489104) | 581354892 | 6350553 | 56824228 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Intermediate Bond Fund | 47765986 | 35877097 | 315503 | 951863 | (9353582) | 75556867 | 2106629 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA International Fund | 223696125 | 28063097 | 5224089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66238597 | (31647001) | 291574907 | 9794773 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Equity Index Fund | 123957786 | 19341268 | (6591450) | 2960637 | (34621108) | 105047133 | 1602982 | 9887550 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Growth Fund |  | 12336799 | (8357) | (470959) | (516277) | 11341206 | 6759 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Value Fund | 12607418 | 2812070 | 382294 | (1043203) | (2966086) | 11792493 | 134168 | 813285 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA US Government Money Market Fund | 23855846 | 2921072 | 6201 | (6213) | (2968767) | 23808139 | 972104 | 308 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Equity Index Fund | 24345425 | 4061095 | 1175220 | (816465) | (5466084) | 23299191 | 346944 | 849534 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Growth Fund | 11637931 | 10180580 | (370666) | 1776914 | (2452227) | 20772532 |  | 193807 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Value Fund | 24161177 | 4903651 | 777828 | (979374) | (8466083) | 20397199 | 281221 | 757814 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total | $1203619004 | $257920650 | $22864379 | $79069264 | $(215440939) | $1348032358 | $28989244 | $69326526 |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**4.** **INVESTMENTS (continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated**<br> **Investment**<br> **Company** | **Value as of<br>December 31,<br>2024** | **Purchases** | **Realized**<br>**Gain**<br>**(Loss) on<br>Investment**<br>**Securities** | **Change in**<br>**Unrealized<br>Appreciation**<br>**(Depreciation)**<br>**of Investment<br>Securities** | **Sales** | **Value as of**<br>**December 31,**<br>**2025** | **Dividends** | **Realized<br>Gain,**<br>**Distributions** |
|  <br> MoA Clear Passage 2045 Fund | <br> MoA Clear Passage 2045 Fund | <br> MoA Clear Passage 2045 Fund | <br> MoA Clear Passage 2045 Fund |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Core Bond Fund | $123226478 | $24240170 | $(5580585) | $9887106 | $(27111573) | $124661596 | $5426961 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Equity Index Fund | 581313604 | 109587903 | 25007142 | 2659616 | (68890966) | 649677299 | 6926319 | 63460397 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Intermediate Bond Fund | 36818921 | 15566932 | 141548 | 800260 | (6231664) | 47095997 | 1482780 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA International Fund | 248154383 | 30254203 | 4131613 | 75583576 | (28913970) | 329209805 | 10976065 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Equity Index Fund | 129653102 | 21239172 | (2380122) | (1900373) | (24751173) | 121860606 | 1713406 | 11462119 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Growth Fund |  | 12763858 | (5092) | (493418) | (419257) | 11846091 | 7033 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Value Fund | 12901523 | 2773591 | 331593 | (1029383) | (2668506) | 12308818 | 138581 | 847482 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA US Government Money Market Fund | 24460724 | 2876001 | 2599 | (2613) | (2671255) | 24665456 | 1001754 | 319 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Equity Index Fund | 25435363 | 4160218 | 489524 | (223069) | (2668506) | 27193530 | 381769 | 990921 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Growth Fund | 25656277 | 3807727 | (301625) | 2449875 | (3115832) | 28496422 |  | 265651 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Value Fund | 24062773 | 4783979 | 587970 | (1145479) | (3115832) | 25173411 | 307680 | 934222 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total | $1231683148 | $232053754 | $22424565 | $86586098 | $(170558534) | $1402189031 | $28362348 | $77961111 |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**4.** **INVESTMENTS (continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated**<br> **Investment**<br> **Company** | **Value as of<br>December 31,<br>2024** | **Purchases** | **Realized**<br>**Gain**<br>**(Loss) on<br>Investment**<br>**Securities** | **Change in<br>Unrealized<br>Appreciation**<br>**(Depreciation)**<br>**of Investment<br>Securities** | **Sales** | **Value as of**<br>**December 31,<br>2025** | **Dividends** | **Realized<br>Gain,**<br>**Distributions** |
|  <br> MoA Clear Passage 2050 Fund | <br> MoA Clear Passage 2050 Fund | <br> MoA Clear Passage 2050 Fund | <br> MoA Clear Passage 2050 Fund |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Core Bond Fund | $68221684 | $17267722 | $(2130850) | $4636488 | $(9702239) | $78292805 | $3188784 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Equity Index Fund | 481464473 | 90207936 | 24354895 | (1014494) | (76335923) | 518676887 | 5615103 | 50591851 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Intermediate Bond Fund | 18771352 | 18077257 | 298051 | 165309 | (10569501) | 26742468 | 797656 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA International Fund | 198793102 | 25109554 | 3780737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59759721 | (25762383) | 261680731 | 8724146 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Equity Index Fund | 110068888 | 18024923 | (4017844) | 1285618 | (32999733) | 92361852 | 1402620 | 8670197 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Growth Fund |  | 20509383 | (5481) | (806430) | (445335) | 19252137 | 11425 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Value Fund | 20844989 | 3881710 | 433729 | (1556618) | (3569499) | 20034311 | 224567 | 1377541 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA US Government Money Market Fund | 19165531 | 2367353 | 1390 | (1402) | (2381810) | 19151062 | 779741 | 247 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Equity Index Fund | 19636560 | 3583521 | (230201) | 484100 | (2379668) | 21094312 | 296390 | 767397 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Growth Fund | 19893082 | 4958869 | (594664) | 2688899 | (2767602) | 24178584 |  | 225037 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Value Fund | 19802614 | 5849817 | 299802 | (532388) | (2767600) | 22652245 | 276629 | 839356 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total | $976662275 | $209838045 | $22189564 | $65108803 | $(169681293) | $1104117394 | $21317061 | $62471626 |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**4.** **INVESTMENTS (continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated**<br> **Investment**<br> **Company** | **Value as of<br>December 31,<br>2024** | **Purchases** | **Realized**<br>**Gain**<br>**(Loss) on<br>Investment**<br>**Securities** | **Change in<br>Unrealized<br>Appreciation**<br>**(Depreciation)**<br>**of Investment<br>Securities** | **Sales** | **Value as of**<br>**December 31,<br>2025** | **Dividends** | **Realized<br>Gain,**<br>**Distributions** |
|  MoA Clear Passage 2055 Fund | MoA Clear Passage 2055 Fund | MoA Clear Passage 2055 Fund | MoA Clear Passage 2055 Fund |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Core Bond Fund | $33883271 | $11356165 | $(1555048) | $2822866 | $(6279494) | $40227760 | $1614020 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Equity Index Fund | 277155765 | 68787775 | 8752686 | 4266861 | (35114130) | 323848957 | 3383646 | 31491108 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Intermediate Bond Fund | 4620137 | 2103937 | 35958 | 84054 | (1696526) | 5147560 | 183701 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA International Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122294326 | 22286080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2087895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37881876 | (14705935) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169844242 | 5560553 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Equity Index Fund | 66902233 | 14532332 | (2476168) | 581262 | (18992671) | 60546988 | 885555 | 5667059 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Growth Fund |  | 12247268 | (2752) | (479313) | (195644) | 11569559 | 6813 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Value Fund | 11495985 | 3174073 | 260544 | (936256) | (1951411) | 12042935 | 129744 | 823535 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA US Government Money Market Fund | 5503170 | 989903 | 1369 | (1373) | (651092) | 5841977 | 230191 | 75 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Equity Index Fund | 16882873 | 2467845 | 253820 | (16628) | (6555824) | 13032086 | 214189 | 472568 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Growth Fund | 10953676 | 5346837 | (436290) | 1418842 | (1498734) | 15784331 |  | 146454 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Value Fund | 11369576 | 5941357 | (278051) | (85282) | (1498734) | 15448866 | 170249 | 570726 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total | $561061012 | $149233572 | $6643963 | $45536909 | $(89140195) | $673335261 | $12378661 | $39171525 |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**4.** **INVESTMENTS (continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated**<br> **Investment**<br> **Company** | **Value as of**<br>**December 31,**<br>**2024** | **Purchases** | **Realized**<br>**Gain**<br>**(Loss) on**<br>**Investment**<br>**Securities** | **Change in**<br>**Unrealized**<br>**Appreciation**<br>**(Depreciation)**<br>**of Investment<br>Securities** | **Sales** | **Value as of**<br>**December 31,**<br>**2025** | **Dividends** | **Realized**<br>**Gain,**<br>**Distributions** |
|  MoA Clear Passage 2060 Fund | MoA Clear Passage 2060 Fund | MoA Clear Passage 2060 Fund | MoA Clear Passage 2060 Fund |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Core Bond Fund | $13286339 | $6661331 | $(684447) | $1210248 | $(3817168) | $16656303 | $663267 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Equity Index Fund | 150776149 | 47228242 | 2478714 | 4791927 | (18970223) | 186304809 | 1918993 | 18074895 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Intermediate Bond Fund | 1785988 | 1280198 | 13983 | 37198 | (694712) | 2422655 | 80972 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA International Fund | 71327866 | 17524707 | (195638) | 24202880 | (8214208) | 104645607 | 3385773 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Equity Index Fund | 39480043 | 10758504 | (580982) | (541020) | (11424973) | 37691572 | 545302 | 3521812 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Growth Fund |  | 7845839 | (1463) | (308361) | (80798) | 7455217 | 4376 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Value Fund | 6800291 | 2408640 | 124281 | (547438) | (1042068) | 7743706 | 81560 | 528241 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA US Government Money Market Fund | 2884892 | 735121 | 805 | (809) | (347688) | 3272321 | 125322 | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Equity Index Fund | 9571405 | 1858874 | 80295 | 87909 | (3817052) | 7781431 | 126301 | 281572 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Growth Fund | 6224129 | 5654735 | (135070) | 802501 | (919730) | 11626565 |  | 107670 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Value Fund | 8996642 | 3340404 | (202441) | 48230 | (1042067) | 11140768 | 130887 | 410678 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total | $&nbsp;&nbsp;&nbsp;&nbsp;311133744 | $105296595 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;898037 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29783265 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(50370687) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396740954 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7062753 | $22924910 |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**4.** **INVESTMENTS (continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated**<br> **Investment**<br> **Company** | **Value as of**<br>**December 31,**<br>**2024** | **Purchases** | **Realized**<br>**Gain**<br>**(Loss) on**<br>**Investment**<br>**Securities** | **Change in**<br>**Unrealized**<br>**Appreciation**<br>**(Depreciation)**<br>**of Investment<br>Securities** | **Sales** | **Value as of**<br>**December 31,**<br>**2025** | **Dividends** | **Realized**<br>**Gain,**<br>**Distributions** |
|  MoA Clear Passage 2065 Fund |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Core Bond Fund | $4236216 | $2875824 | $(12042) | $184199 | $(1481505) | $5802692 | $222471 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Equity Index Fund | 59115627 | 31757088 | 1783273 | 1095874 | (7029195) | 86722667 | 855293 | 8376647 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Intermediate Bond Fund | 700701 | 833098 | 5532 | 16929 | (216734) | 1339526 | 38067 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA International Fund | 27568337 | 13051434 | 559004 | 9463414 | (3063653) | 47578536 | 1483506 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Equity Index Fund | 14838791 | 7564888 | 328520 | (827702) | (4959613) | 16944884 | 232535 | 1573880 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Growth Fund |  | 4990785 | (1286) | (194962) | (45578) | 4748959 | 2777 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Value Fund | 3584935 | 2039077 | 26333 | (290506) | (430294) | 4929545 | 49835 | 335888 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA US Government Money Market Fund | 1058341 | 544967 | 166 | (173) | (129532) | 1473769 | 51595 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Equity Index Fund | 3745696 | 1358663 | 176915 | (85167) | (1500889) | 3695218 | 61823 | 133163 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Growth Fund | 3534032 | 2020853 | 10539 | 440260 | (388216) | 5617468 |  | 51821 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Value Fund | 3799666 | 2237472 | (53866) | (6094) | (388216) | 5588962 | 63149 | 205291 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122182342 | $69274149 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2823088 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9796072 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19633425) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184442226 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3061051 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10676709 |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**4.** **INVESTMENTS (continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated**<br> **Investment**<br> **Company** | **Value as of**<br>**December 31,**<br>**2024** | **Purchases** | **Realized**<br>**Gain**<br>**(Loss) on**<br>**Investment**<br>**Securities** | **Change in**<br>**Unrealized**<br>**Appreciation**<br>**(Depreciation)**<br>**of Investment<br>Securities** | **Sales** | **Value as of**<br>**December 31,**<br>**2025** | **Dividends** | **Realized**<br>**Gain,**<br>**Distributions** |
|  MoA Clear Passage 2070 Fund | MoA Clear Passage 2070 Fund | MoA Clear Passage 2070 Fund | MoA Clear Passage 2070 Fund |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Core Bond Fund | $— | $94489 | $52 | $554 | $(2560) | $92535 | $1332 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Equity Index Fund |  | 2285267 | 9456 | (28406) | (57621) | 2208696 | 11189 | 178042 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Intermediate Bond Fund |  | 47172 | 16 | 173 | (1280) | 46081 | 593 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA International Fund |  | 1185792 | 3526 | 72809 | (32013) | 1230114 | 21327 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Equity Index Fund |  | 623347 | 10059 | (18193) | (84508) | 530705 | 3609 | 41127 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Growth Fund |  | 143615 | (47) | (4056) | (3481) | 136031 | 64 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Value Fund |  | 148271 | 293 | (4711) | (3840) | 140013 | 642 | 7894 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA US Government Money Market Fund |  | 47199 |  |  | (1311) | 45888 | 590 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Equity Index Fund |  | 96700 | 360 | 3201 | (2561) | 97700 | 599 | 2944 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Growth Fund |  | 164322 | 793 | 7972 | (4482) | 168605 |  | 1298 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Value Fund |  | 169037 | 475 | 758 | (4482) | 165788 | 954 | 5058 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5005211 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24983 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30101 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(198139) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4862156 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40899 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236363 |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**4.** **INVESTMENTS (continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated**<br> **Investment**<br> **Company** | **Value as of**<br>**December 31,**<br>**2024** | **Purchases** | **Realized**<br>**Gain**<br>**(Loss) on**<br>**Investment**<br>**Securities** | **Change in**<br>**Unrealized**<br>**Appreciation**<br>**(Depreciation)**<br>**of Investment<br>Securities** | **Sales** | **Value as of**<br>**December 31,**<br>**2025** | **Dividends** | **Realized**<br>**Gain,**<br>**Distributions** |
|  MoA Conservative Allocation Fund |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Core Bond Fund | $52140498 | $6079771 | $(1927670) | $3546097 | $(10111152) | $49727544 | $2122883 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Equity Index Fund | 41769781 | 12267178 | 3793004 | (2322240) | (11244543) | 44263180 | 446663 | 4352129 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Intermediate Bond Fund | 37179369 | 2887671 | (1302976) | 2239656 | (11725596) | 29278124 | 1346216 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA International Fund | 7571882 | 663791 | 181966 | 2152073 | (1440019) | 9129693 | 312807 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Equity Index Fund | 8081097 | 1163483 | (114463) | (184949) | (1440023) | 7505145 | 102059 | 710439 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA US Government Money Market Fund | 5877137 | 2147991 | (2519) | 2519 | (1440811) | 6584317 | 275857 | 86 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total | $152619764 | $25209885 | $627342 | $5433156 | $(37402144) | $146488003 | $4606485 | $5062654 |
|  MoA Moderate Allocation Fund |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Core Bond Fund | $91785740 | $16518593 | $(2642008) | $5595369 | $(16665004) | $94592690 | $3867967 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Equity Index Fund | 148225457 | 18419567 | 13638869 | (6129630) | (32374196) | 141780067 | 1590689 | 13818001 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Intermediate Bond Fund | 55076879 | 8883126 | (774596) | 2150074 | (9975466) | 55360017 | 2092751 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA International Fund | 59138210 | 3580593 | 2476139 | 15286976 | (16975468) | 63506450 | 2290216 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Equity Index Fund | 42502638 | 5091836 | 229797 | (1774198) | (6650311) | 39399762 | 534549 | 3697036 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396728924 | $52493715 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12928201 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15128591 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(82640445) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394638986 | $10376172 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17515037 |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**4.** **INVESTMENTS (continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated**<br> **Investment**<br> **Company** | **Value as of**<br>**December 31,**<br>**2024** | **Purchases** | **Realized**<br>**Gain**<br>**(Loss) on**<br>**Investment**<br>**Securities** | **Change in**<br>**Unrealized**<br>**Appreciation**<br>**(Depreciation)**<br>**of Investment<br>Securities** | **Sales** | **Value as of**<br>**December 31,**<br>**2025** | **Dividends** | **Realized**<br>**Gain,**<br>**Distributions** |
|  MoA Aggressive Allocation Fund |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Core Bond Fund | $46620937 | $5966645 | $(1498045) | $2982153 | $(7541884) | $46529806 | $1944402 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Equity Index Fund | 126098497 | 14645471 | 12779861 | (6367041) | (24602761) | 122554027 | 1380190 | 12046710 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Intermediate Bond Fund |  | 14848231 | 15992 | 41193 | (1589325) | 13316091 | 258110 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA International Fund | 61002250 | 3202042 | 1675519 | 17035998 | (10005838) | 72909971 | 2505715 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Mid Cap Equity Index Fund | 67914687 | 6350731 | (1217288) | (905923) | (19416511) | 52725696 | 754318 | 4990208 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Growth Fund | 16972171 | 323310 | 4158 | 1094815 | (2501458) | 15892996 |  | 149228 |
| &nbsp;&nbsp;&nbsp;&nbsp; MoA Small Cap Value Fund | 16561074 | 899420 | (276311) | (207652) | (2501460) | 14475071 | 183828 | 541510 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335169616 | $46235850 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11483886 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13673543 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(68159237) | $338403658 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7026563 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17727656 |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**5.** **CAPITAL SHARE ACTIVITY** 

The Investment Company has registered an indefinite number of its capital shares pursuant to Rule 24f-2 under the Investment Company Act of 1940. As of December 31, 2025, shares authorized at par value $0.01 per share were allocated into the 29 series of Funds as follows:

---

| | |
|:---|:---|
|  | **Authorized No. of Shares** |
|  | **Total Shares**<br>**Allocated** |
|  MoA Equity Index Fund | 900000000 |
|  MoA All America Fund | 200000000 |
|  MoA Small Cap Value Fund | 475000000 |
|  MoA Small Cap Growth Fund | 570000000 |
|  MoA Small Cap Equity Index Fund | 200000000 |
|  MoA Mid Cap Value Fund | 100000000 |
|  MoA Mid Cap Growth Fund | 100000000 |
|  MoA Mid Cap Equity Index Fund | 1050000000 |
|  MoA Balanced Fund | 150000000 |
|  MoA International Fund | 1275000000 |
|  MoA Catholic Values Index Fund | 100000000 |
|  MoA Retirement Income Fund | 270000000 |
|  MoA Clear Passage 2020 Fund | 665000000 |
|  MoA Clear Passage 2025 Fund | 1025000000 |
|  MoA Clear Passage 2030 Fund | 915000000 |
|  MoA Clear Passage 2035 Fund | 845000000 |
|  MoA Clear Passage 2040 Fund | 685000000 |
|  MoA Clear Passage 2045 Fund | 675000000 |
|  MoA Clear Passage 2050 Fund | 470000000 |
|  MoA Clear Passage 2055 Fund | 350000000 |
|  MoA Clear Passage 2060 Fund | 200000000 |
|  MoA Clear Passage 2065 Fund | 100000000 |
|  MoA Clear Passage 2070 Fund | 200000000 |
|  MoA Conservative Allocation Fund | 215000000 |
|  MoA Moderate Allocation Fund | 370000000 |
|  MoA Aggressive Allocation Fund | 265000000 |
|  MoA US Government Money Market Fund | 5000000000 |
|  MoA Intermediate Bond Fund | 840000000 |
|  MoA Core Bond Fund | 1525000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 19735000000 |

---

**6.** **DISTRIBUTIONS TO SHAREHOLDERS AND INCOME TAX INFORMATION** 

Each Fund generally declares dividends at least annually to pay out substantially all of the Fund's net investment income and net realized short and long term capital gains. All dividends and capital gains distributions are reinvested in additional shares of the distributing Fund, unless a shareholder elects to receive dividends and distributions in cash.

Pursuant to shareholders' election, substantially all dividend distributions throughout 2025 and 2024 were immediately reinvested into their respective Funds. The tax character of the distributions paid during 2025 and 2024 were as follows:

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**6.** **DISTRIBUTIONS TO SHAREHOLDERS AND INCOME TAX INFORMATION (continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Equity**<br>**Index Fund** | **MoA All America<br>Fund** | **MoA Small Cap**<br>**Value Fund** | **MoA Small Cap**<br>**Growth Fund** | **MoA Small Cap**<br>**Equity Index**<br>**Fund** |
|  <u>Ordinary Income(a)</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 | $72760263 | $2299625 | $4640871 | $— | $4847634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 | $83571629 | $3745161 | $4649807 | $— | $3777165 |
|  <u>Long-Term Capital Gains</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 | $599131909 | $41445131 | $13673770 | $3977561 | $3908089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420951063 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29593332 | $18568748 | $6326238 | $7279635 |
|  <u>Return of Capital</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 | $— | $— | $— | $— | $— |
|  | **MoA Mid Cap**<br>**Value Fund** | **MoA Mid Cap**<br>**Growth Fund** | **MoA Mid Cap<br>Equity Index<br>Fund** | **MoA Balanced<br>Fund** | **MoA<br>International<br>Fund** |
|  <u>Ordinary Income(a)</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 | $2080526 | $63237 | $29269830 | $5039474 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73454002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 | $3599134 | $— | $44457706 | $4378844 | $60672335 |
|  <u>Long-Term Capital Gains</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 | $12814133 | $— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115513013 | $17741143 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 | $7858300 | $— | $93957240 | $12282692 | $— |
|  <u>Return of Capital</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 | $23927 | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 | $— | $— | $— | $— | $— |
|  | **MoA Catholic<br>Values Index<br>Fund** | **MoA Retirement<br>Income Fund** | **MoA Clear<br>Passage 2020<br>Fund** | **MoA Clear<br>Passage 2025<br>Fund** | **MoA Clear<br>Passage 2030<br>Fund** |
|  <u>Ordinary Income(a)</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 | $122198 | $8485843 | $12671250 | $29828427 | $36858589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 | $95676 | $6404379 | $14426941 | $32281142 | $37237314 |
|  <u>Long-Term Capital Gains</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 | $278768 | $4261431 | $17215641 | $55707347 | $86116971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 | $220336 | $4361058 | $13783178 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48223524 | $60963687 |
|  <u>Return of Capital</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 | $— | $— | $— | $— | $— |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**6.** **DISTRIBUTIONS TO SHAREHOLDERS AND INCOME TAX INFORMATION (continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Clear<br>Passage 2035<br>Fund** | **MoA Clear<br>Passage 2040<br>Fund** | **MoA Clear<br>Passage 2045<br>Fund** | **MoA Clear<br>Passage 2050<br>Fund** | **MoA Clear<br>Passage 2055<br>Fund** |
|  <u>Ordinary Income(a)</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 | $34699591 | $28104250 | $27648650 | $20683284 | $11994269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 | $34210106 | $27998069 | $27740440 | $21149820 | $11811727 |
|  <u>Long-Term Capital Gains</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 | $99545860 | $80374292 | $86872846 | $74231375 | $37702924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 | $79102393 | $72373457 | $76904073 | $46765916 | $25457388 |
|  <u>Return of Capital</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 | $— | $— | $— | $— | $— |
|  | **MoA Clear<br>Passage 2060<br>Fund** | **MoA Clear<br>Passage 2065<br>Fund** | **MoA Clear<br>Passage 2070<br>Fund** | **MoA<br>Conservative<br>Allocation Fund** | **MoA Moderate<br>Allocation Fund** |
|  <u>Ordinary Income(a)</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 | $6778569 | $2836112 | $65655 | $4469009 | $10490078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 | $6390056 | $2388456 | $— | $4679272 | $11029871 |
|  <u>Long-Term Capital Gains</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 | $17049455 | $8073762 | $— | $5666229 | $28169645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 | $12329077 | $2839983 | $— | $3576751 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23413264 |
|  <u>Return of Capital</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 | $— | $— | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 | $— | $— | $— | $— | $— |
|  | **MoA Aggressive<br>Allocation Fund** | **MoA US<br>Government<br>Money Market<br>Fund** | **MoA<br>Intermediate<br>Bond Fund** | **MoA Core Bond<br>Fund** |  |
|  <u>Ordinary Income(a)</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 | $7259923 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21285242 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36572227 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92224413 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 | $8204337 | $26397139 | $33803865 | $82791259 |  |
|  <u>Long-Term Capital Gains</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26136438 | $— | $— | $— |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 | $19975976 | $— | $— | $— |  |
|  <u>Return of Capital</u> |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025 | $— | $— | $19066 | $— |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2024 | $— | $— | $31724 | $— |  |

---

Notes:

(a) Includes distributions from Fund-level net short-term capital gains.

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**6.** **DISTRIBUTIONS TO SHAREHOLDERS AND INCOME TAX INFORMATION (continued)** 

*Undistributed net income and gains (losses)* — As of December 31, 2025, undistributed net income and undistributed accumulated gain (loss) for federal income tax purposes were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Equity Index<br>Fund** | **MoA All America<br>Fund** | **MoA Small Cap<br>Value Fund** | **MoA Small Cap<br>Growth Fund** | **MoA Small Cap<br>Equity Index Fund** |
|  Accumulated undistributed net investment income | $— | $— | $20248 | $— | $4275810 |
|  Accumulated undistributed net realized gain/(loss) on investments and futures contracts | $33403669 | $7583200 | $6509643 | $3495637 | $1038874 |
|  Post-October Capital Loss Deferred | $(143612) | $— | $(1508315) | $— | $— |
|  Net unrealized appreciation (depreciation) of investments and futures contracts | $3442029666 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90167843 | $59752651 | $99000440 | $14297155 |
|  | **MoA Mid Cap<br>Value Fund** | **MoA Mid Cap**<br>**Growth Fund** | **MoA Mid Cap**<br>**Equity Index Fund** | **MoA Balanced<br>Fund** | **MoA International<br>Fund** |
|  Accumulated undistributed net investment income | $— | $14457 | $149890 | $575 | $— |
|  Accumulated undistributed net realized gain/(loss) on investments and futures contracts | $— | $(699980) | $27096611 | $5114014 | $(35836451) |
|  Post-October Capital Loss Deferred | $(551324) | $— | $— | $— | $(6961101) |
|  Net unrealized appreciation (depreciation) of investments and futures contracts | $21908017 | $(3681572) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254731377 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63358968 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;604265360 |
|  | **MoA Catholic**<br>**Values Index Fund** | **MoA Retirement<br>Income Fund** | **MoA Clear<br>Passage 2020<br>Fund** | **MoA Clear<br>Passage 2025<br>Fund** | **MoA Clear<br>Passage 2030<br>Fund** |
|  Accumulated undistributed net investment income | $4039 | $— | $— | $— | $— |
|  Accumulated undistributed net realized gain/(loss) on investments and futures contracts | $34637 | $8353799 | $11746650 | $38000018 | $60244186 |
|  Post-October Capital Loss Deferred | $— | $— | $— | $— | $(3) |
|  Net unrealized appreciation (depreciation) of investments and futures contracts | $3144701 | $(2870265) | $(5491247) | $19223267 | $78350743 |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**6.** **DISTRIBUTIONS TO SHAREHOLDERS AND INCOME TAX INFORMATION (continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **MoA Clear<br>Passage 2035<br>Fund** | **MoA Clear<br>Passage 2040<br>Fund** | **MoA Clear<br>Passage 2045<br>Fund** | **MoA Clear<br>Passage 2050<br>Fund** | **MoA Clear<br>Passage 2055<br>Fund** |
|  Accumulated undistributed net investment income | $— | $— | $— | $— | $— |
|  Accumulated undistributed net realized gain/(loss) on investments and futures contracts | $71066836 | $73232984 | $75780974 | $62424415 $| 38852362 |
|  Post-October Capital Loss Deferred | $— | $— | $— | $— | $— |
|  Net unrealized appreciation (depreciation) of investments and futures contracts | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110203471 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126463451 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149528284 | $118122394 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68753153 |
|  | **MoA Clear<br>Passage 2060<br>Fund** | **MoA Clear<br>Passage 2065<br>Fund** | **MoA Clear<br>Passage 2070<br>Fund** | **MoA Conservative<br>Allocation Fund** | **MoA Moderate<br>Allocation Fund** |
|  Accumulated undistributed net investment income | $— | $— | $3513 | $— | $— |
|  Accumulated undistributed net realized gain/(loss) on investments and futures contracts | $22676625 | $10655029 | $230216 | $4616562 $| 18352610 |
|  Post-October Capital Loss Deferred | $— | $— | $— | $— | $— |
|  Net unrealized appreciation (depreciation) of investments and futures contracts | $41517335 | $14974773 | $30042 | $(1616250) | $24617901 |
|  | **MoA Aggressive<br>Allocation Fund** | **MoA US<br>Government<br>Money Market<br>Fund** | **MoA Intermediate<br>Bond Fund** | **MoA Core Bond<br>Fund** |  |
|  Accumulated undistributed net investment income | $— | $1584 | $— | $206951 |  |
|  Accumulated undistributed net realized gain/(loss) on investments and futures contracts | $18177673 | $— | $(57469004) | $(145730356) |  |
|  Post-October Capital Loss Deferred | $— | $— | $— | $— |  |
|  Net unrealized appreciation (depreciation) of investments and futures contracts | $33534829 | $— | $7333055 | $(82717027) |  |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**6.** **DISTRIBUTIONS TO SHAREHOLDERS AND INCOME TAX INFORMATION (continued)** 

The difference between the components of distributable earnings for income tax purposes and the amounts reflected in the statements of assets and liabilities arise primarily from federal income tax treatment of wash sales, REITs, PFICs, partnerships, corporate actions and futures contracts.

Reclassifications: U.S. GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. For the year ended December 31, 2025, the Funds reclassified amounts primarily relating to tax treatment of paydowns, REITs, PFICs, prior year post financial statement adjustments and tax equalization. These reclassifications have no effect on net assets or net asset values per share.

**7.** **MERGER** 

On April 25, 2025, the MoA Clear Passage 2015 Fund (the "Target Fund"), was reorganized into the MoA Retirement Income Fund (the "Surviving Fund") in accordance with an Agreement and Plan of Reorganization (the "Agreement") made on November 7, 2024. The Agreement provided for the transfer of all assets of the Target Fund for shares of the Surviving Fund and the assumption of the liabilities of the Target Fund by the Surviving Fund. The Target Fund then ceased operations.

On the reorganization date, the Target Fund had the following total investment cost and value, representing the principal assets acquired by the Surviving Fund:

---

| | | | |
|:---|:---|:---|:---|
| **Target Fund** | **Total Investment<br>Value** | **Total Investment<br>Cost** | **Unrealized Loss<br>on Investments** |
|  MoA Clear Passage 2015 Fund | $100630864 | $101930709 | $(1299845) |

---

The purpose of the transaction was to combine two portfolios with substantially similar investment objectives and policies.

The acquisition was accomplished by the transfer of the portfolio holdings of MoA Clear Passage 2015 Fund on a tax-free basis to MoA Retirement Income Fund in exchange for 9,018,946 shares of MoA Retirement Income Fund, which were subsequently distributed to shareholders of MoA Clear Passage 2015 Fund, making them shareholders of MoA Retirement Income Fund.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Target Fund** | **Shares** | **Surviving Fund** | **Shares** | **Value** |
|  MoA Clear Passage 2015 Fund | 11887100 | MoA Retirement Income Fund | 9018946 | $100617126 |

---

For financial reporting purposes, assets received and shares issued by the Surviving Fund, including the associated cost basis of the acquired investments, were recorded at fair value.

The net assets and unrealized appreciation immediately before the acquisition were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Target Fund** | **Net Assets** | **Unrealized<br>Depreciation<br>on<br>Investments** | **Surviving Fund** | **Net Assets** |
|  MoA Clear Passage 2015 Fund | $100617126 | $(1299845) | MoA Retirement Income Fund | $197136094 |

---

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**7.** **MERGER (continued)** 

Assuming the acquisition had been completed on January 01, 2025, the Surviving Fund's unaudited pro forma results of operations for the year ended December 31, 2025, would have been as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Surviving Fund** | **Net Investment <br>Income(a)** | **Net Realized and<br>Unrealized Gain<br> on Investments(b)** | **Net Increase<br>in Net Assets<br> Resulting from <br>Operations** |
|  MoA Retirement Income Fund | $8948361 | $19819783 | $28768144 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

(a) Net investment income (loss) as reported in the Statement of Operations (Year ended December 31, 2025) of the Surviving Fund, plus net investment income from the Target Fund pre-merger were as follows:

---

| | |
|:---|:---|
| **Target Fund** | **Net Investment <br>Income (Loss)** |
|  MoA Clear Passage 2015 Fund | $634121 |

---

(b) Net realized and unrealized gain (loss) on investments as reported in the Statement of Operations (Year ended December 31, 2025) of the Surviving Fund, plus net unrealized gain (loss) on investments from the Target Fund pre-merger were as follows:

---

| | |
|:---|:---|
| **Target Fund** | **Net Realized**<br>**and Change**<br>**in Unrealized**<br> **Gain (Loss) on <br>Investments** |
|  MoA Clear Passage 2015 Fund | $(45974) |

---

Since both the Target Fund and Surviving Fund sold and redeemed shares throughout the period, it is not practicable to provide pro-forma information on a per share basis.

Since the combined investment fund had been managed as a single integrated fund since the acquisition was completed, it is also not practicable to separate the amounts of the revenue and earnings of the Target Fund that have been included in the Surviving Fund's Statement of Operations since April 25, 2025.

**8.** **CHANGE IN AUDITOR** 

On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement.

------

#### MoA FUNDS

#### NOTES TO FINANCIAL STATEMENTS (Continued)

#### December 31, 2025
**9.** **SUBSEQUENT EVENTS** 

Management, on behalf of the Investment Company, has evaluated the need for disclosures and/or adjustments to the financial statements from subsequent events. As a result of this evaluation, no additional subsequent events require disclosure and/or adjustment to the financial statements.

------

#### MoA FUNDS

#### REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Shareholders of the Funds and Board of Directors

MoA Funds Corporation:

*Opinion on the Financial Statements* 

We have audited the accompanying statements of assets and liabilities of the funds listed in the Appendix, each a fund comprising MoA Funds Corporation (the Funds), including the portfolios of investments in securities, as of December 31, 2025, the related statements of operations and changes in net assets for each of the years or periods indicated in the Appendix, and the related notes (collectively, the financial statements) and the financial highlights for each of the years or periods indicated in the Appendix. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of each of the Funds as of December 31, 2025, the results of their operations and changes in their net assets for each of the years or periods in the Appendix, and the financial highlights for each of years or periods indicated in the Appendix, in conformity with U.S. generally accepted accounting principles.

*Basis for Opinion* 

These financial statements and financial highlights are the responsibility of the Funds' management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Such procedures also included confirmation of securities owned as of December 31, 2025, by correspondence with the custodian, brokers, and the transfer agent; when replies were not received from brokers we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. We believe that our audits provide a reasonable basis for our opinion.

![LOGO](g68230dsp196.jpg)

We have served as the auditor of one or more Mutual of America investment companies since 2002.

New York, New York

February 26, 2026

------

#### Appendix
MoA Equity Index Fund

MoA All America Fund

MoA Small Cap Value Fund

MoA Small Cap Growth Fund

MoA Small Cap Equity Index Fund

MoA Mid Cap Value Fund

MoA Mid Cap Growth Fund

MoA Mid Cap Equity Index Fund

MoA Balanced Fund

MoA International Fund

MoA Catholic Values Index Fund

MoA Retirement Income Fund

MoA Clear Passage 2020 Fund

MoA Clear Passage 2025 Fund

MoA Clear Passage 2030 Fund

MoA Clear Passage 2035 Fund

MoA Clear Passage 2040 Fund

MoA Clear Passage 2045 Fund

MoA Clear Passage 2050 Fund

MoA Clear Passage 2055 Fund

MoA Clear Passage 2060 Fund

MoA Clear Passage 2065 Fund

MoA Clear Passage 2070 Fund

MoA Conservative Allocation Fund

MoA Moderate Allocation Fund

MoA Aggressive Allocation Fund

MoA US Government Money Market Fund

MoA Intermediate Bond Fund

MoA Core Bond Fund

Statements of operations and changes in net assets and financial highlights for the period May 1, 2025 (commencement of operations) through December 31, 2025

MoA Clear Passage 2070 Fund

Statements of operations and changes in net assets and financial highlights for the period September 8, 2025 (commencement of operations) through December 31, 2025

MoA Mid Cap Growth Fund

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#### MoA FUNDS

#### ADDITIONAL INFORMATION

#### Tax Letter — (Unaudited)
Certain tax information for the MoA Funds is required to be provided to shareholders based upon the Funds' income and distributions for the taxable year ended December 31, 2025.

#### Treasury Income
Each Fund listed below had the following percentage, or maximum allowable percentage, of income earned from direct U.S. Treasury Obligations for the calendar year ended December 31, 2025:

#### Dividends Received Deduction (DRD)
Each Fund listed below had the following percentage, or maximum allowable percentage, of ordinary income distributions eligible for the dividends received deduction for corporate shareholders for the calendar year ended December 31, 2025.

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| | |
|:---|:---|
| **Fund Name** | **%** |
|  MoA Equity Index Fund | 1.12 |
|  MoA All America Fund | 2.19 |
|  MoA Small Cap Value Fund | 2.27 |
|  MoA Mid Cap Value Fund | 2.33 |
|  MoA Mid Cap Growth Fund | 9.06 |
|  MoA Mid Cap Equity Index Fund | 1.10 |
|  MoA Balanced Fund | 9.53 |
|  MoA International Fund | 0.87 |
|  MoA Retirement Income Fund | 9.06 |
|  MoA Clear Passage 2020 Fund | 7.45 |
|  MoA Clear Passage 2025 Fund | 6.75 |
|  MoA Clear Passage 2030 Fund | 5.96 |
|  MoA Clear Passage 2035 Fund | 4.62 |
|  MoA Clear Passage 2040 Fund | 3.42 |
|  MoA Clear Passage 2045 Fund | 2.68 |
|  MoA Clear Passage 2050 Fund | 2.37 |
|  MoA Clear Passage 2055 Fund | 1.83 |
|  MoA Clear Passage 2060 Fund | 1.61 |
|  MoA Clear Passage 2065 Fund | 1.55 |
|  MoA Clear Passage 2070 Fund | 1.06 |
|  MoA Conservative Allocation Fund | 7.85 |
|  MoA Moderate Allocation Fund | 6.06 |
|  MoA Aggressive Allocation Fund | 3.24 |
|  MoA US Government Money Market Fund | 60.16 |
|  MoA Intermediate Bond Fund | 26.62 |
|  MoA Core Bond Fund | 10.66 |

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| | |
|:---|:---|
| **Fund Name** | **%** |
|  MoA Equity Index Fund | 90.25 |
|  MoA All America Fund | 100.00 |
|  MoA Small Cap Value Fund | 100.00 |
|  MoA Small Cap Equity Index Fund | 42.51 |
|  MoA Mid Cap Value Fund | 100.00 |
|  MoA Mid Cap Growth Fund | 100.00 |
|  MoA Mid Cap Equity Index Fund | 52.50 |
|  MoA Balanced Fund | 31.50 |
|  MoA Catholic Values Index Fund | 73.62 |
|  MoA Retirement Income Fund | 10.36 |
|  MoA Clear Passage 2020 Fund | 10.77 |
|  MoA Clear Passage 2025 Fund | 14.10 |
|  MoA Clear Passage 2030 Fund | 18.52 |
|  MoA Clear Passage 2035 Fund | 23.51 |
|  MoA Clear Passage 2040 Fund | 28.44 |
|  MoA Clear Passage 2045 Fund | 31.52 |
|  MoA Clear Passage 2050 Fund | 34.62 |
|  MoA Clear Passage 2055 Fund | 36.31 |
|  MoA Clear Passage 2060 Fund | 37.50 |
|  MoA Clear Passage 2065 Fund | 40.34 |
|  MoA Clear Passage 2070 Fund | 22.68 |
|  MoA Conservative Allocation Fund | 11.70 |
|  MoA Moderate Allocation Fund | 18.75 |
|  MoA Aggressive Allocation Fund | 28.83 |

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#### Long Term Capital Gain
Each Fund listed below distributed the following amount, or maximum allowable amount, of long-term capital gain dividends for the calendar year ended December 31, 2025:

#### Qualified Dividend Income (QDI)
Each Fund listed below had the following percentage, or maximum allowable percentage, of ordinary income distributions treated as qualified dividends for the calendar year ended December 31, 2025:

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| | |
|:---|:---|
| **Fund Name** | **$** |
|  MoA Equity Index Fund | 599131909 |
|  MoA All America Fund | 41445131 |
|  MoA Small Cap Value Fund | 13673770 |
|  MoA Small Cap Growth Fund | 3977561 |
|  MoA Small Cap Equity Index Fund | 3908089 |
|  MoA Mid Cap Value Fund | 12814133 |
|  MoA Mid Cap Equity Index Fund | 115513013 |
|  MoA Balanced Fund | 17741143 |
|  MoA Catholic Values Index Fund | 278768 |
|  MoA Retirement Income Fund | 4261431 |
|  MoA Clear Passage 2020 Fund | 17215641 |
|  MoA Clear Passage 2025 Fund | 55707347 |
|  MoA Clear Passage 2030 Fund | 86116971 |
|  MoA Clear Passage 2035 Fund | 99545860 |
|  MoA Clear Passage 2040 Fund | 80374292 |
|  MoA Clear Passage 2045 Fund | 86872846 |
|  MoA Clear Passage 2050 Fund | 74231375 |
|  MoA Clear Passage 2055 Fund | 37702924 |
|  MoA Clear Passage 2060 Fund | 17049455 |
|  MoA Clear Passage 2065 Fund | 8073762 |
|  MoA Conservative Allocation Fund | 5666229 |
|  MoA Moderate Allocation Fund | 28169645 |
|  MoA Aggressive Allocation Fund | 26136438 |

---

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| | |
|:---|:---|
| **Fund Name** | **%** |
|  MoA Equity Index Fund | 93.66 |
|  MoA All America Fund | 100.00 |
|  MoA Small Cap Value Fund | 100.00 |
|  MoA Small Cap Equity Index Fund | 43.20 |
|  MoA Mid Cap Value Fund | 100.00 |
|  MoA Mid Cap Growth Fund | 100.00 |
|  MoA Mid Cap Equity Index Fund | 54.37 |
|  MoA Balanced Fund | 31.91 |
|  MoA International Fund | 74.12 |
|  MoA Catholic Values Index Fund | 77.15 |
|  MoA Retirement Income Fund | 15.99 |
|  MoA Clear Passage 2020 Fund | 18.13 |
|  MoA Clear Passage 2025 Fund | 25.63 |
|  MoA Clear Passage 2030 Fund | 33.52 |
|  MoA Clear Passage 2035 Fund | 43.22 |
|  MoA Clear Passage 2040 Fund | 54.51 |
|  MoA Clear Passage 2045 Fund | 61.07 |
|  MoA Clear Passage 2050 Fund | 66.02 |
|  MoA Clear Passage 2055 Fund | 70.50 |
|  MoA Clear Passage 2060 Fund | 74.06 |
|  MoA Clear Passage 2065 Fund | 78.21 |
|  MoA Clear Passage 2070 Fund | 41.03 |
|  MoA Conservative Allocation Fund | 16.88 |
|  MoA Moderate Allocation Fund | 35.36 |
|  MoA Aggressive Allocation Fund | 54.77 |

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#### Interest Dividends
Each Fund listed below had the following percentage, or maximum allowable percentage, of ordinary income distributions eligible to be treated as 163(j) interest dividend for the calendar year ended December 31, 2025:

#### Section 199A
Each Fund listed below had the following percentage, or maximum allowable percentage, of ordinary income distributions treated as 199A dividends for the calendar year ended December 31, 2025:

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| | |
|:---|:---|
| **Fund Name** | **%** |
|  MoA Equity Index Fund | 1.80 |
|  MoA All America Fund | 5.17 |
|  MoA Small Cap Value Fund | 3.08 |
|  MoA Small Cap Equity Index Fund | 0.01 |
|  MoA Mid Cap Value Fund | 4.25 |
|  MoA Mid Cap Growth Fund | 11.73 |
|  MoA Mid Cap Equity Index Fund | 1.80 |
|  MoA Balanced Fund | 55.86 |
|  MoA International Fund | 1.54 |
|  MoA Catholic Values Index Fund | 0.06 |
|  MoA Retirement Income Fund | 48.88 |
|  MoA Clear Passage 2020 Fund | 42.35 |
|  MoA Clear Passage 2025 Fund | 39.30 |
|  MoA Clear Passage 2030 Fund | 34.86 |
|  MoA Clear Passage 2035 Fund | 27.69 |
|  MoA Clear Passage 2040 Fund | 19.28 |
|  MoA Clear Passage 2045 Fund | 14.20 |
|  MoA Clear Passage 2050 Fund | 11.74 |
|  MoA Clear Passage 2055 Fund | 8.97 |
|  MoA Clear Passage 2060 Fund | 6.94 |
|  MoA Clear Passage 2065 Fund | 6.05 |
|  MoA Clear Passage 2070 Fund | 3.61 |
|  MoA Conservative Allocation Fund | 43.62 |
|  MoA Moderate Allocation Fund | 33.52 |
|  MoA Aggressive Allocation Fund | 18.81 |
|  MoA US Government Money Market Fund | 99.94 |
|  MoA Intermediate Bond Fund | 99.97 |
|  MoA Core Bond Fund | 96.82 |

---

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| | |
|:---|:---|
| **Fund Name** | **%** |
|  MoA Equity Index Fund | 4.28 |
|  MoA Small Cap Equity Index Fund | 9.74 |
|  MoA Mid Cap Equity Index Fund | 14.74 |
|  MoA Balanced Fund | 0.63 |
|  MoA Catholic Values Index Fund | 3.61 |
|  MoA Retirement Income Fund | 0.86 |
|  MoA Clear Passage 2020 Fund | 0.86 |
|  MoA Clear Passage 2025 Fund | 1.06 |
|  MoA Clear Passage 2030 Fund | 1.26 |
|  MoA Clear Passage 2035 Fund | 1.81 |
|  MoA Clear Passage 2040 Fund | 2.47 |
|  MoA Clear Passage 2045 Fund | 2.75 |
|  MoA Clear Passage 2050 Fund | 2.94 |
|  MoA Clear Passage 2055 Fund | 3.16 |
|  MoA Clear Passage 2060 Fund | 3.32 |
|  MoA Clear Passage 2065 Fund | 3.49 |
|  MoA Clear Passage 2070 Fund | 2.17 |
|  MoA Conservative Allocation Fund | 0.99 |
|  MoA Moderate Allocation Fund | 1.84 |
|  MoA Aggressive Allocation Fund | 3.15 |

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#### Results of shareholder votes
Not applicable

#### Renumeration paid to directors, officers, and others
Remuneration paid to directors, officers, and others is included in the Notes to financial statements above.

#### Statement regarding basis for approval of investment advisory contract
Not applicable.

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#### Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
(a) On February 26, 2026, MoA Funds' Board of Directors, upon the recommendation of its Audit Committee, approved the appointment of EY as the independent registered public accounting firm for MoA Funds, effectively dismissing KPMG LLP ("KPMG") as MoA Funds' independent registered public accounting firm. KPMG's audit reports on MoA Fund's financial statements as of and for the fiscal years ended December 31, 2025 and December 31, 2024 contained no adverse opinion or disclaimer of opinion nor were they qualified or modified as to uncertainty, audit scope or accounting principles. During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, (i) there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make a reference in connection with its opinion to the subject matter of the disagreement; and (ii) there were no reportable events described in Item 304(a)(1)(v) of Regulation S-K under the Securities Exchange Act of 1934, as amended.

(b) During MoA Funds' two most recent fiscal years and through the interim period ended February 26, 2026, MoA Funds has not consulted with EY regarding the application of accounting principles to a specified transaction, either completed or proposed or the type of audit opinion that might be rendered on MoA Funds' financial statements.; or (ii) the subject of a disagreement (as defined in paragraph (a)(1)(iv) of Item 304 of Regulation S-K) or reportable events (as described in paragraph (a)(1)(v) of Item 304 of Regulation S-K.

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#### Item 9. Proxy Disclosures for Open-End Management Investment Companies.
Not applicable.

#### Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
Each Fund's disclosure of remuneration items is included as part of the MoA Financial Statements and Additional Information filed under Item 7 of this Form.

#### Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.
Not applicable.

#### Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.

#### Item 13. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.

#### Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.

#### Item 15. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant's board of directors, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.

#### Item 16. Controls and Procedures.
(a) The registrant's principal executive and principal financial officer have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act")) are effective in design and operation and are sufficient to form the basis of the certifications required by Rule 30a-(2) under the 1940 Act, based on their evaluation of these disclosure controls and procedures as of a date within 90 days of this report on Form N-CSR.

(b) There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

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#### Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.

#### Item 18. Recovery of Erroneously Awarded Compensation.
Not applicable.

#### Item 19. Exhibits.

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| | |
|:---|:---|
| (a)(1) | [Code of Ethics of MoA Funds Corporation.](d68230dex99codeeth.htm) |
| (a)(2) | Not applicable. |
| (a)(3) | [Certifications by the registrant's principal executive officer and principal financial officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and required by Rule 30a-2(a) under the Investment Company Act of 1940 Act .](d68230dex99cert.htm) |
| (b) | [Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and required by Rule 30a-2(b) under the Investment Company Act of 1940.](d68230dex99906cert.htm) |
| (a)(4) | Not applicable. |
| (a)(5) | [Change in the registrant's independent public accountant Auditor Response Consent Letter](d68230dex99a5.htm) |

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) MoA Funds Corporation

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| | |
|:---|:---|
| By (Signature and Title)\* | /s/ Joseph R. Gaffoglio |
|  | Joseph R. Gaffoglio |
|  | Chief Executive Officer and |
|  | Principal Executive Officer of |
|  | MoA Funds Corporation |

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Date <u>3/4/2026</u>

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

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| | |
|:---|:---|
| By (Signature and Title)\* | /s/ Joseph R. Gaffoglio |
|  | Joseph R. Gaffoglio |
|  | Chief Executive Officer and |
|  | Principal Executive Officer of |
|  | MoA Funds Corporation |
| Date <u>3/4/2026</u> |  |
| By (Signature and Title)\* | /s/ R. Jeffrey Young |
|  | R. Jeffrey Young |
|  | President, Treasurer, Chief Financial Officer and |
|  | Principal Financial Officer of |
|  | MoA Funds Corporation |

---

Date <u>3/4/2026</u>

## Ex-99.Code

**MoA FUNDS CORPORATION** 

**CODE OF ETHICS** 

**(Rule 17j-1)** 

**Preamble** 

MoA Funds Corporation (the "Corporation" or "Fund") recognizes its responsibility to ensure its compliance with the provisions of the Investment Company Act of 1940 (the "1940 Act"), the Securities Act of 1933, the Securities Exchange Act of 1934, and the rules and regulations of the Securities and Exchange Commission ("SEC") promulgated under those Acts, the Code of Ethics provisions of Section 406 of the Sarbanes-Oxley Act of 2002, as well as other applicable federal and state laws and regulations. To that end, this Document consists of two sections. The first section, designated Section "A," is the Code of Ethics required under Rule 17j-1 of the 1940 Act. The second section, designated Section "B," is to assure compliance with the Code of Ethics requirements of Section 406 of the Sarbanes-Oxley Act of 2002. While Section 406 of the Sarbanes-Oxley Act of 2002 does not, on its face, apply to Registered Investment Companies, the SEC, on January 27, 2003, adopted rules and amendments to Form N-CSR requiring Registered Investment Companies to state whether they have adopted a Code of Ethics for the Principal Executive Officer and senior financial officer and, if they have not, to explain the reason for not doing so. The Funds chose to adopt a Code of Ethics for such officers and this Code meets the requirements of Section 406 of the Sarbanes-Oxley Act of 2002. The two sections are not mutually exclusive and must be observed independently by each person to whom they are intended to apply. Section "A" applies to all individuals while Section "B" applies to the individuals designated in the Code.

**General Principles** 

The Corporation places shareholders' interests first. The Directors and Officers of the Corporation have a relationship of trust with its shareholders, carrying with it fiduciary duties under the 1940 Act to act in accordance with high ethical standards and to safeguard shareholder interests. All of the Corporation's Access Persons, Investment Persons and Covered Persons are expected to act in the best interests of the Corporation's shareholders at all times, and always to place the interests of the shareholders above their personal interests and personal gain. The Corporation's shareholders deserve, and the Corporation's Access Persons, Investment Persons and Covered Persons seek to deliver to them, professionalism, honesty, and integrity.

These Codes of Ethics include principles and procedures designed to maintain high standards of ethical behavior at the Corporation. In cases where there is, or appears to be, a conflict of interest between a Corporation Access Person, Investment Person or Covered Person and its shareholders, that situation must be reported immediately to the Chief Compliance Officer ("CCO") or General Counsel, and the matter shall be resolved in the best interests of the shareholders. If neither of those individuals is available, it must be reported to the highest-ranking Corporation officer available, who in turn, will advise the CCO or General Counsel, as soon as practical.

The Corporation recognizes its responsibility to ensure that it, its Access Persons, Investment Persons, and Covered Persons comply with the federal securities laws and regulations as well as all other applicable federal and state laws and regulations. The Corporation recognizes that its Access Persons, Investment Persons, and Covered Persons must at all times act with fidelity to the interests of its shareholders, and in conformity with just and equitable principles.

Certain fundamental principles govern the activities of the Corporation's Access Persons, Investment Persons, and Covered Persons in regard to their personal investing activities and business conduct. These principles include that such Access Persons, Investment Persons, and Covered Persons: (1) have the duty at all times to place the interests of shareholders first; (2) conduct all personal securities transactions consistent with these Codes of Ethics and in such a manner as to avoid any actual or potential conflict of interest or any abuse of an individual's position of trust and responsibility; (3) must not take inappropriate advantage of their positions; (4) must safeguard shareholder information and nonpublic information from disclosure; and (5) must comply with the federal securities laws and regulations and all other applicable federal and state laws and regulations by, among other things, strictly adhering to these Codes of Ethics, as they may be applicable to them, and the Corporation's Compliance Manual, which includes the Corporation's Compliance Program.

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These Codes of Ethics (sometimes referred to as the "Codes") establish rules of conduct that govern personal investment activities of the Corporation's Access Persons and Investment Persons and give effect to the fiduciary standards under the 1940 Act, to the prohibitions on fraudulent and manipulative practices set forth in Rule 17j-1 under the 1940 Act, and the standards applicable to Covered Persons under Section 406 of the Sarbanes-Oxley Act of 2002. The Codes do not attempt to identify all possible conflicts of interest, and literal compliance with the Codes will not shield Access Persons, Investment Persons and Covered Persons from liability for personal trading or other conduct that violates a fiduciary duty owed to the shareholders. Failure to adhere to the standards of conduct and the requirements set forth in these Codes of Ethics, and failure to comply with federal securities laws and regulations, as well as all other applicable federal and state laws and regulations, may result in disciplinary action, up to and including termination of employment.

**A.**  **<u>RULE 17j-1 CODE OF ETHICS - FUND OFFICERS AND DIRECTORS</u>** 

**1.** **Definitions** 

(a) <u>Access Person</u> 

Any director or officer of the Fund or any Advisory Person of the Fund or its adviser, and any director or officer of the principal underwriter who, in the ordinary course of business, makes, participates in or obtains information regarding, the purchase or sale of Covered Securities by the Fund for which the principal underwriter acts, or whose functions or duties in the ordinary course of business relate to the making of any recommendation to the Fund regarding the purchase or sale of Covered Securities.

(b) <u>Advisory Person</u> 

An Advisory Person is: (i) any director, officer or employee of the Fund or its adviser (or of any company in a control relationship to the Fund or its adviser) who, in connection with their regular functions or duties, makes, participates in or obtains information regarding the purchase or sale of securities by the Fund, or whose functions relate to the making of any recommendations with respect to purchases or sales by the Fund, and (ii) any natural person in a control relationship to the Fund or its adviser who obtains information regarding securities recommendations being made to the Fund with regard to the purchase or sale of securities.

(c) <u>Beneficial Ownership</u> 

This shall have the meaning provided in Section 16 of the Securities Exchange Act of 1934 and shall include ownership by immediate family members who reside in the same household, such as a spouse and dependent children.

(d) <u>Business Day</u> 

Any day on which the New York Stock Exchange is open.

(e) <u>Equivalent Security</u> 

A security that has a substantial economic relationship or similarity to another security, including with respect to an equity security any convertible security, option or warrant relating to that security, and with respect to a fixed income security any security having the same issuer, maturity, coupon, and rating.

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(f) <u>Fund</u> 

MoA Funds Corporation.

(g) <u>Fund Adviser</u> 

Mutual of America Capital Management LLC.

(h) <u>Independent Director</u> 

A director of the Fund who is not an "interested person" of the Fund within the meaning of Section 2(a)(19) of the 1940 Act.

(i) <u>Investment Person</u> 

The Fund Adviser's portfolio managers, the Chairman, President, and Chief Executive Officer of the Fund, and any other Advisory Person who provides investment information and/or advice to any portfolio manager and/or helps execute any portfolio manager's investment decisions, including an Advisory Person who is a research analyst and/or trader.

**2.** **Restrictions on Personal Investing Activities** 

(a) <u>Blackout Periods</u> 

No Access Person shall engage directly or indirectly in any securities activities in anticipation of a transaction by the Fund. Accordingly, securities transactions will not be permitted during certain periods as set forth below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Access Persons Other than Investment Persons - Same-day Blackout</u> 

No Access Person shall purchase or sell, directly or indirectly, any security in which he or she has, or by reason of such transaction acquires, any direct or indirect Beneficial Ownership on any day during which the Fund Adviser, on behalf of the Fund, executes a purchase or sale transaction in the same or an Equivalent Security or during which the Fund has a pending "buy" or "sell" order in the same or an Equivalent Security. Pre-clearances for securities subject to blackout provisions of the Code are reviewed by the Fund Adviser CEO's designee to ascertain whether a transaction is pending or has been executed in the same security on behalf of the Fund that is the subject of the Access Person's personal transaction, or an Equivalent Security.

If an order on the Fund's behalf is pending, this prohibition shall continue until such order on behalf of the Fund is executed or withdrawn. This same-day blackout prohibition does not apply to transactions involving large cap securities (as noted in Section 2(b) of this Code), certain transactions in put or call options (as noted in Section 2(d) of this Code), or personal securities transactions of an Independent Director unless the Independent Director has actual knowledge of any pending trade or recommendation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Investment Persons - Seven Day Blackout</u> 

Except as noted below, no Investment Person shall purchase or sell, directly or indirectly, any security in which he or she has, or by reason of such transaction acquires, any direct or indirect Beneficial Ownership within seven calendar days prior to or after the Fund's transaction in the same or Equivalent Security. Pre-clearances for securities subject to blackout provisions of the Code are reviewed by the Fund Adviser CEO's designee to ascertain whether a transaction is pending or has been executed in the same security on behalf of the Fund that is the subject of the Access Person's personal transaction, or an Equivalent Security.

------

This seven calendar day blackout prohibition does not apply to transactions involving large cap securities (as noted in Section 2(b) of this Code) or certain transactions in put or call options (as noted in Section 2(d) of this Code).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Index Funds and Rebalancing</u> 

For the purposes of the same-day and seven day blackout restrictions contained in Sections 2(a)(i) and 2(a)(ii) above, a transaction that has been pre-cleared in accordance with the provisions set forth in Section 4 below, will not violate this Code and no investigation under subsection 2(a)(iv) below need be conducted, if the only trading in that security by the Fund Adviser on behalf of the Fund during the blackout period involves an index fund of the Fund or a portfolio-wide rebalancing or reallocation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>Investigation of Access Persons Personal Securities Transactions</u> 

Except as provided in subsection 2(a)(iii) above, in the event that an Access Person or Investment Person executes a trade which has been pre-cleared pursuant to Section 4, and a transaction is effected by the Fund in the same or Equivalent Security within the applicable blackout period, the CCO shall promptly investigate to determine if the Access Person or Investment Person had, or reasonably could have had, actual knowledge of the trade or of the intent by the Fund Adviser to execute the trade on the Fund's behalf at the time he or she executed the pre-cleared trade. The CCO's investigation will include an interview of the CEO of the Fund Adviser, the person or persons involved in recommending and authorizing the transaction on the Fund's behalf that took place within the blackout period, the Access Person or Investment Person who engaged in the transaction, and any other investigation deemed reasonably appropriate by the CCO. In interviewing the Access Person or Investment Person involved in the transaction, the CCO must obtain a written statement from such person as to that person's actual knowledge of the transaction on the Fund's behalf or any intent by the Fund to execute the transaction on the Fund's behalf at the time of the pre-cleared trade.

If the CCO's investigation determines that the Access Person or Investment Person had no knowledge of the transaction on behalf of the Fund in the same or Equivalent Security at the time the Access Person or Investment Person executed the pre-cleared trade, then there is no violation of the blackout period and no violation of this Code. If the result of the investigation shows that there was such knowledge on the part of the Access Person or Investment Person, then sanctions shall be imposed as set forth in Section 10(c) of this Code.

(b) <u>Transactions Involving Large Cap Securities</u>.

Trades by Access Persons and Investment Persons in securities with a market capitalization of $10 billion or more as of the date that they have been pre-cleared in accordance with the provisions in Section 4 below are not subject to the same-day and seven-day blackout restrictions contained in Sections 2(a)(i) and 2(a)(ii) above.

(c) <u>Conditional Orders</u> 

An Access Person who seeks to place a conditional order, i.e., a limit order, stop order, stop limit order, or good-til-cancelled order to purchase or sell a security must pre-clear such transaction in accordance with this Code. In the case of a conditional order, the Access Person as part of the pre-clearance process, must identify the condition(s) that will trigger the transaction, i.e., the price limit and how long that conditional order will be effective. If pre-clearance is granted, it shall be effective for the term of the conditional order. A pre-clearance issued for a conditional order expires when the conditional order is executed and any additional transactions require a new pre-clearance.

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(d) <u>Put and Call Options</u> 

Access Persons must pre-clear purchases or sales of put or call options, except options in Exchange Traded Products as defined in Section 3(c) below, in accordance with Section 4, below. As part of the pre-clearance process, Access Persons must identify the strike price and expiration date of the option. If the Access Person wishes to close their option position by entering into an offsetting trade, the Access Person must obtain pre-clearance of such transaction.

Purchases or sales of put or call options and the exercise of a purchased put or call option prior to the option's expiration date are subject to the same-day and seven-day blackout restrictions contained in Sections 2(a)(i) and 2(a)(ii) above. As such, Access Persons other than Investment Persons cannot execute a transaction described in the preceding sentence on the same day the Fund Adviser executes a transaction in the same security as the option's underlying security on behalf of the Fund and Investment Persons cannot execute a transaction described in the preceding sentence within seven calendar days prior to or after the Fund Adviser executes a transaction in the same security as the option's underlying security on behalf of the Fund. Transactions in options with an underlying security with a market capitalization of $10 billion or more are not subject to the blackout restrictions contained in Sections 2(a)(i) and 2(a)(ii) above.

The automatic exercise of an option at the option's expiration date consistent with the Options Clearing Corporation rules and the exercise of a sold put or call option by the option's counterparty prior to expiration are not subject to the same-day and seven-day blackout restrictions contained in Sections 2(a)(i) and 2(a)(ii), above.

(e) <u>IPOs</u> 

Access Persons (other than Investment Persons) may purchase securities in an initial public offering ("IPO") only with written pre-clearance pursuant to Section 4. An Investment Person shall not purchase securities in any IPO.

(f) <u>Private Placements</u> 

No Access Person shall purchase any security in a private placement (a sale exempt from the registration requirements of the Securities Act of 1933) without written pre-clearance pursuant to Section 4. Notwithstanding the foregoing, Access Persons are prohibited from purchasing Private Investment in Public Equities ("PIPEs").

(g) <u>Investment Clubs</u> 

No Access Person shall participate in an investment club.

**3.** **Purchases and Sales Not Subject to Personal Investing Restrictions** 

The following transactions are not subject to the provisions of Section 2 or Section 4 of this Code:

(a) purchases or sales effected in any account over which an Access Person has no direct or indirect influence or
control, which shall include any account of the Access Person that is managed on a discretionary basis by a third party and with respect to which the Access Person does not in fact influence or control any transactions in such account;

(b) purchases or sales of securities which are not eligible for purchase or sale by the Fund;

(c) purchases or sales of securities which are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) direct obligations of the United States Government;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) bankers' acceptances;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) bank certificates of deposit;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) commercial paper;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) high quality short-term debt instruments (including repurchase agreements);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) shares of registered open-end investment companies ("mutual
funds")<sup>1</sup>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) units of unit investment trusts that are invested exclusively in one or more open-end funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) Exchange Traded Funds that are not single stock ETFs, Exchanged Traded Notes and Exchange Traded Vehicles
(hereinafter collectively referred to as "Exchange Traded Products")<sup>2</sup>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) closed-end funds<sup>2</sup>;
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) municipal bonds<sup>2</sup>.

(d) purchases or sales of securities that are non-volitional on the part of
the Access Person;

(e) purchases effected upon exercise of rights issued by an issuer pro rata to all holders of a class of its
securities to the extent such rights were acquired from such issuer, and sales of such rights so acquired;

(f) purchases or sales in index options effected on a broad-based index if the Access Person has no prior knowledge
of activity in such index by the Fund;

(g) purchases which are part of an automatic investment plan in which regular periodic purchases (or withdrawals)
are made automatically in (or from) investment accounts in accordance with a predetermined schedule and allocation. An automatic investment plan includes dividend reinvestment plans; and

(h) transactions in cryptocurrencies.

**4.** **Pre-Clearance of Securities Transactions** 

(a) <u>Submission of Pre-clearance Request</u> 

Access Persons (excluding each Independent Director unless the Independent Director has actual knowledge of the Fund's trades) must pre-clear their, and members of their household's, personal securities transactions, other than purchases or sales identified in Section 3 of this Code, by obtaining prior written clearance from the CEO of the Fund Adviser or the CEO's designees who have been named to provide written pre-clearance approval. The CEO of the Fund Adviser and the CEO's designee to provide pre-clearance approvals are not permitted to approve their own respective pre-clearance requests.

(b) <u>Expiration of Pre-clearance</u> 

Except as provided with respect to Conditional Orders in Section 2(c) above and pre-clearance of Private Placements in Section 4(c) below, written pre-clearance for specific transactions expire at the close of business on the second Business Day after the date the pre-clearance is issued. For example, if a pre-clearance is approved on a Monday, it expires at the close of business on Wednesday. If a transaction is not effected within two (2) Business Days after the date written pre-clearance is granted, the Access Person must resubmit a request for pre-clearance and be granted approval in writing prior to effecting the subject transaction.

<sup>1</sup> Transactions and holdings in MoA Funds must be reported in accordance with Section 6

<sup>2</sup> Transactions and holdings in Exchange Traded Products, closed-end funds, and municipal bonds must be reported in accordance with Section 7

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(c) <u>Pre-clearance of Private Placements and IPOs</u> 

Pre-clearance of a private placement transaction or IPO (for non-Investment Personnel) will be granted only when the Fund's interests are not disadvantaged and the opportunity is not being offered to an individual by virtue of their position with the Fund. The pre-clearance shall state the rationale supporting the acquisition of securities in an IPO or private placement. As provided in Section 2(e) above, Investment Personnel shall not purchase securities in any IPO.

Pre-clearance for private placement transactions expire at the close of business thirty (30) calendar days after the date the pre-clearance is issued. If a private placement transaction is not effected within thirty (30) calendar days after the date written pre-clearance is granted, the Access Person must resubmit a request for pre-clearance and receive approval in writing prior to effecting the subject transaction.

(d) <u>Pre-clearance by the Adviser</u> 

Compliance with the pre-clearance requirements under the Fund Adviser's Code of Ethics by an Access Person of the Fund Adviser who is also an Access Person of the Fund shall be deemed compliance with the pre-clearance requirements of this Code.

**5.** **Other Restricted Activities** 

(a) <u>Gifts and Business Entertainment</u> 

Employees are prohibited from directly or indirectly soliciting any gift or thing of value and from accepting or making any cash payments or offers of cash payments to any person on account of the Fund's business. Employees may not accept non-cash gifts or things of value totaling more than $100.00 in any calendar year from any one source where such non-cash gift(s) are in relation to an entity's business with the Fund, the Fund Adviser, Mutual of America Life Insurance Company ("Mutual of America") and its subsidiaries and affiliates. Employees may not give to any person or entity employing such person non-cash gifts or things of value aggregating in excess of $100 per year where such payment is in relation to the business of the recipient's employer with the Fund, the Fund Adviser, Mutual of America and its subsidiaries and affiliates. Any such gifts by employees must have prior approval by the CEO of the Fund or the CEO's designee. For purposes of these procedures, a gift or thing of value does not include modest items of food and refreshments, such as soft drinks, coffee and donuts, offered other than as part of a meal or business entertainment or items with little intrinsic value, such as greeting cards, plaques, certificates, and trophies, which are intended solely for presentation. Notwithstanding the foregoing, employees are prohibited from accepting gifts from any source for the purchase or sale of any property, including securities, to or for a client.

Employees may accept or provide business entertainment. Business entertainment includes any social event, hospitality event, charitable event, sporting event, entertainment event, meal, leisure activity or event of like nature or purpose, as well as any transportation and/or lodging accompanying or related to such activity or event, including such business entertainment offered in connection with an educational event or business conference, in which the employee accompanies and participates with the giver or recipient irrespective of whether any business is conducted during, or is considered attendant to, such event. However, business entertainment shall not be so frequent or so expensive as to raise any question of propriety and it cannot be preconditioned on the achievement of any sales target. Notwithstanding the above, employees are prohibited from accepting any business entertainment from any source for the purchase or sale of any property, including securities, to or for a client.

No employee may accept or provide any gift or business entertainment if doing so would be in violation of any law or regulation or would expose either the giver or recipient or their respective employers to any civil liability to any governmental authority or agency. Additionally, all employees should avoid accepting or giving gifts or favors that might appear to be given or accepted for the purpose of influencing the employee in performing their duties.

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Employees who give or receive gifts and/or business entertainment must report any such gifts and/or business entertainment in writing within 30 days of the end of each quarter.

This subsection does not apply to gifts or business entertainment occurring between and among the Fund, its employees, the Fund Adviser, and Mutual of America, its subsidiaries and affiliates or their officers or employees.

(b) <u>Service as a Director</u> 

No Access Person, other than an Independent Director, shall serve on the board of directors of a publicly traded company without obtaining prior written clearance from the CEO of the Fund or the CEO's designee and the CCO.

(c) <u>Recommendation when Interested</u> 

No Access Person shall recommend any securities transaction to the Fund without disclosing any direct or indirect interest he or she (including immediate family members) has in the transaction, securities or the issuer, including any compensation, ownership, position held with the issuer or its affiliates, or any present or proposed business relationship between the issuer (or its affiliates) and the Access Person or a party related to the Access Person. Following a disclosure of a direct or indirect interest pursuant to this subsection, the CEO of the Fund, in consultation with the CCO and, as necessary, the Law Department, shall determine if the Access Person making the disclosure should be allowed to participate in the transaction.

**6.** **Reporting** 

(a) <u>Initial and Annual Holdings Reports</u> 

Each Access Person, other than an Independent Director, shall disclose all securities, including shares in the Fund, municipal bonds, closed-end funds and Exchange Traded Products, in which the Access Person has direct or indirect Beneficial Ownership, except securities described under Section 3(a),3(c)(i) through (vii), and holdings described in 3(h) of this Code, within 10 days of becoming an Access Person and within 30 days of the end of each calendar year, by submitting a report to the CCO in the form required by the CCO ("holdings report"). Each holdings report shall state the title, number of shares and principal amount of the security involved, the name of any broker, dealer or bank with whom an account is maintained and shall reflect the date submitted and shall be current as of 45 days or less prior to the date the person becomes an Access Person or files the report as the case may be, and shall reflect the date submitted.

(b) <u>Quarterly Transaction Reports</u> 

Each Access Person shall report to the Fund every transaction in a security (including shares in the Fund, municipal bonds, closed-end funds and Exchange Traded Products) in which he or she has, or by reason of such transaction acquires, any direct or indirect Beneficial Ownership, except transactions listed in Section 3(a), 3(c)(i) through (vii), 3(g), and 3(h) of this Code, whether or not a transaction covered by this Code takes place. A quarterly report is due within 30 days after the end of each calendar quarter and must be submitted to the CCO in the form required by the CCO. Each report must indicate the date it is submitted by the Access Person. Each quarterly report shall state the title, the interest rate and maturity date (if applicable), the number of shares and the principal amount of each security; the date and nature of the transaction (*i.e*., purchase, sale or other acquisition or disposition); the price at which it was effected; the name of the broker, dealer or bank with or through whom the transaction was effected; and the name of the broker, dealer or bank with whom any account has been established and the date thereof.

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(c) <u>Quarterly Reports by Independent Directors</u> 

An Independent Director shall not be required to make any quarterly report required under 6(b) above or supply confirmations or account statements if such person would be required to make any such a report solely by reason of being an Independent Director of the Fund, unless the Independent Director, at the time of the Independent Director's transaction in a security (other than a security listed in Section 3(c)), knew or, in the ordinary course of fulfilling their official duties as an Independent Director of the Fund should have known, that during the 15-day period immediately before or after the date of the transaction such security was purchased or sold by the Fund or such purchase or sale by the Fund was being considered by the Fund Adviser.

(d) <u>Identification of Accounts and Brokerage Information</u> 

Access Persons, other than Independent Directors, are required to notify the CCO or the CCO's designee of accounts with any broker, dealer, or bank in which any securities are held for the direct or indirect benefit of the Access Person, which includes accounts in which the Access Person has Beneficial Ownership. The CCO may require the Access Person to direct their broker, dealer, or bank to provide account information including confirmations of all personal security transactions and holdings in such accounts to the CCO, or the CCO's designee, on a timely basis in a manner prescribed by the CCO. For any newly opened accounts, Access Personnel must inform the CCO, or the CCO's designee, prior to the execution of any transaction within such account.

(e) <u>Duplicate Reporting - Exceptions for Quarterly Reporting</u> 

Notwithstanding 6(b) and (c) above, an Access Person need not make a quarterly transaction report if the report would duplicate information contained in broker trade confirmations or account statements received by the Fund with respect to the Access Person for the period covered when all of the information required under 6(b) above is contained in the broker trade confirmations or account statements. No report is required to the extent that it duplicates information required under Rule 204(2)a-13 of the Investment Advisers Act of 1940 ("Investment Advisers Act") to be furnished to the Fund Adviser by the Access Person.

(f) <u>Disclaimer</u> 

Any report under this section may contain a statement declaring that the reporting or recording of any such holding or transaction shall not be construed as an admission that the Access Person making the report has any direct or indirect Beneficial Ownership in the security(ies) reported.

**7.** **Review of Reports** 

Reports required to be made pursuant to Section 6 of this Code shall be provided to the Fund's CCO, or the CCO's designee, who shall review the reports in light of the requirements of the Code of Ethics. The CCO's reports made pursuant to Section 6 shall be reviewed by the General Counsel.

**8.** **Standard of Conduct** 

All Access Persons and Investment Persons of the Fund are required to treat the interests of the Fund as paramount. This means that all actions of the Fund's Access Persons and Investment Persons must be governed by the overriding principle that every action and decision must be made so as to further the interests of the Fund, to maximize the attainment of the Fund's investment goals and to safeguard nonpublic information about the Fund and its accounts, securities, policies, instructions and interests. No one among the Fund's Access Persons and Investment Persons is permitted to utilize information or knowledge obtained in the course of performing duties as an Access Person or Investment Person of the Fund for personal gain or advantage, including gain or advantage of a family member or other person included in the definition of "Beneficial Ownership," above.

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**9.** **Certificate of Compliance** 

Each Access Person must certify in writing within 30 days of each calendar year end that he or she has: (a) read this Code which is then currently in force and understood it; (b) complied with this Code's requirements during the past year; and (c) disclosed or reported all personal securities transactions required to be disclosed or reported pursuant to the requirements of this Code and (d) reported all violations of this Code and the federal and state laws and regulations applicable to the Fund to the CCO.

**10.** **Administration** 

(a) <u>Identification/Designation of Access Persons</u> 

The CCO, in consultation with the CEO of the Fund or the CEO's designee and, as may be necessary, the Law Department, shall designate those individuals who are Access Persons and Investment Persons as defined in Sections 1(a) and 1(i) of this Code. In making such designations, the CCO shall consider the individual's job functions and responsibilities for the Fund; the individual's access to portfolio trading systems or other portfolio related information; and the individual's overall access to non-public information involving the Fund's investment decisions and holdings. The CCO shall make this determination for all new employees of the Fund when they begin their employment and for Investment Persons at the time they commence their activities on behalf of the Fund or when their responsibilities are changed. The CCO or CCO's designee shall maintain a listing of all Access Persons and shall periodically, but not less than annually, review all Access Person designations, including with the CEO of the Fund or the CEO's designee.

(b) <u>Identification/Designation of Investment Persons</u> 

The CCO, in consultation with the CEO of the Fund or the CEO's designee and, as may be necessary, the Law Department, shall designate as Investment Person those Access Persons and Investment Persons who provide investment information and/or advice to any portfolio manager and/or help execute any portfolio manager's investment decisions, including Investment Persons who are research analysts and traders. In making such determination, the CCO shall consider the individual's functions, responsibilities, and interaction with the portfolio managers in providing investment information or advice or in the execution of the portfolio manager's decisions. The CCO or the CCO's designee shall maintain a listing of all Investment Persons and shall periodically, but not less than annually review such designations, including with the CEO of the Fund or the CEO's designee.

(c) (i) <u>Reports of Violations of the Code</u> 

The Funds Access Persons and Investment Persons are required to immediately report violations of this Code of Ethics or the federal and state laws and regulations applicable to the Fund to the CCO in person, by e-mail, by telephone or in writing. In the event that the CCO is not available to receive such notification the report should be made to the General Counsel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Violations and Sanctions</u> 

Upon determining that there has been a violation of this Code, the CEO of the Fund or the CEO's designee, after considering the recommendation of and with the concurrence of the CCO and, as may be necessary, after consulting with the Law Department, Human Resources or other appropriate Departments, may impose such sanctions as the CEO or the CEO's designee deems appropriate, including, among other things, disgorgement of profits to the Fund or a charity, a letter of censure, or suspension or termination of the violator's employment or position. Transactions made in violation of paragraph 2(a)(i) or 2(a)(ii) of the Code shall be reversed and any resulting net profit, from the date of the trade that constitutes the violation to the date within the blackout period when the Fund first took a position or added to a position in the same security, must be disgorged and, as directed by the CEO of the Fund or the CEO's designee, with the concurrence of the CCO, donated to a bona fide charity qualified under the Internal

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Revenue Code Section 501(c)(3). For purposes of this Code, any transaction for the purposes of reversing a transaction in violation of paragraphs 2(a)(i) and 2(a)(ii) of the Code shall be considered non-volitional under this Code and not subject to the Code's pre-clearance and blackout requirements. If reversing the transaction is not possible, then CEO of the Fund or the CEO's designee, with the concurrence of the CCO, shall determine an equitable method of handling the violation, including hypothetically reversing the transaction and calculating any financial benefit received by the Access Person or Investment Person, e.g., loss avoided that results from the inability to reverse the transaction and directing the disgorgement of an amount equal to such financial benefit. If the individual violating the Code is an Access Person of the Fund Adviser and the same conduct also violates the Fund Adviser's Code of Ethics, then the sanctions determined by the Fund Adviser will satisfy the requirements of this Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>No Retaliation</u> 

In the event that an Access Person or Investment Person reports a violation of this Code of Ethics by another, any attempt at retaliation, harassment, threats or other improper behavior by the person reported against the person who made the report or that person's family shall result in strict disciplinary measures, up to and including immediate dismissal from employment.

(d) <u>Reports to Boards of Directors</u> 

At least annually, the Fund will furnish a written report to its Board of Directors (i) certifying that procedures reasonably necessary to prevent Access Persons and Investment Persons from violating this Code have been adopted; (ii) disclosing any significant conflicts of interest by Investment Person even if no violation of the Code has occurred, for example from directorships held or stock owned in companies whose securities are held by the Fund; and (iii) describing any issues that have arisen under this Code or procedures since the last report, including, but not limited to, information about material violations of the Code or procedures and sanctions imposed in response to the material violations.

(e) <u>Permissible Exceptions</u> 

The CCO, with the concurrence of the General Counsel and the CEO of the Fund or the CEO's designee may allow an exception to a requirement of this Code to accommodate a rare or unusual situation or circumstance that was not contemplated by the Code provided that it does not result in any action or transaction that is contrary to the interests of the Corporation's Clients, misuse nonpublic information, or otherwise violate the Corporation's fiduciary duties to its Clients. Considerations for a request for an exception should include, among other things, whether the strict adherence to the Code requirement in the situation will cause unusual hardship to the employee seeking the exception and whether strict adherence to the Code requirements in the particular situation will result in formalistic and repetitious paperwork that serves no substantive purpose in protecting the interests of the Corporation's Clients. Any such exceptions must be fully documented and explain the basis for granting the exception. Further, the CCO shall provide a report to the Board of Directors at the next quarterly meeting of the Fund's Board following the granting of any exception.

(f) <u>Use of Personal Trade Monitoring System to Comply with the Code</u> 

Each person shall use the personal trade monitoring system or any other process designated by the CCO to comply with the Code including, but not limited to, those provisions related to monitoring blackout periods, pre-clearance, and reporting requirements. At the discretion of the CCO, in consultation with CEO of the Fund Adviser, Access Persons may be limited to holding accounts only at brokers, dealers, or banks with established data feeds to the personal trade monitoring system.

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**B.**  **<u>SECTION 406 OF SARBANES OXLEY - CODE OF ETHICS FOR PRINCIPAL EXECUTIVE AND SENIOR FINANCIAL OFFICERS</u>** 

**1.** **Covered Officers/Purpose of the Code** 

This Section B of MoA Funds Corporation Code of Ethics (this "Code Section") applies to the Fund's Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer and Controller (the "Covered Officers") for the purpose of promoting:

(a) Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between
personal and professional relationships.

(b) Full, fair, accurate, timely and understandable disclosure in reports and documents that a registrant files
with, or submits to, the Securities and Exchange Commission ("SEC") and in other public communications made by the Fund.

(c) Compliance with applicable laws and governmental rules and regulations.

(d) The prompt internal reporting of violations of this Code Section to an appropriate person or persons identified
in the Code.

(e) Accountability for adherence to this Code Section.

Each Covered Officer shall adhere to a high standard of business ethics and shall be attentive to situations that may give rise to actual as well as apparent conflicts of interest.

**2.** **Actual and Apparent Conflicts of Interest** 

A "conflict of interest" occurs when a Covered Officer's private interest, or that of another with whom he or she has a pecuniary interest or a duty is not served by acts supportive of the interests of the Fund and vice-versa.

Certain conflicts of interest arise out of the relationships between Covered Officers and the Fund and already are subject to conflict of interest provisions under the Investment Company Act of 1940 ("Investment Company Act") and the Investment Advisers Act of 1940 ("Investment Advisers Act"), as covered in Section A of this Codes of Ethics. For example, Covered Officers may not individually engage in certain transactions (such as the purchase or sale of securities or other property) with the Fund because of their status as "affiliated persons" of the Fund. The Fund's and the investment adviser's compliance programs and procedures are designed to prevent, or identify and correct, violations of these provisions. This Section of the Codes of Ethics does not repeat, modify, or replace the provisions of Section A of the Codes of Ethics, which operate independently from this Section B.

Conflicts can arise from, or as a result of, the contractual relationship between the Fund and its investment adviser of which the Covered Officers may also be officers or employees. As a result, this Code Section recognizes that the Covered Officers will, in the normal course of their duties (whether formally for the Fund or for the investment adviser, or for both), be involved in establishing policies and implementing decisions that will have different effects on the investment adviser and the Fund. This is implicit in the contractual relationship between the Fund and the investment adviser and is consistent with the performance by the Covered Officers of their duties as officers of the Fund. Thus, if performed in conformity with the provisions of the Investment Company Act and the Investment Advisers Act, such activities will be deemed to have been handled ethically. In addition, it is recognized by the Fund's Board of Directors ("Board") that the Covered Officers may also be officers or employees of one or more other investment companies covered by this or other codes.

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Other conflicts of interest are covered by this Code Section even if such conflicts of interest are not subject to provisions in the Investment Company Act and the Investment Advisers Act. The following list provides examples of conflicts of interest under this Section of the Code, but these examples are not exhaustive. The main, governing principle in all situations is that the personal interest of a Covered Officer or such covered Officer's other relationship, employer or affiliates should never be placed before the interest of the Fund.

Each Covered Officer must:

(a) Refrain from using their personal influence or personal relationships improperly to influence investment
decisions or financial reporting by the Fund whereby the Covered Officer would benefit personally (whether directly or indirectly and financially or otherwise) to the detriment of the Fund.

(b) Refrain from causing the Fund to take action, or to fail to take action, for the individual personal benefit of
the Covered Officer or its other employer rather than the benefit of the Fund.

(c) Refrain from using material non-public knowledge of portfolio
transactions made or contemplated for the Fund, to trade personally or to cause others to trade personally in contemplation of the market effect of such transactions.

(d) Report at least annually all affiliations or other relationships that could give rise to conflicts of interest
with the Fund.

Some possible or actual conflict of interest situations, if material, should always be submitted to the CCO for approval. Examples of these include:

(a) Service as a director on the board of any public or private company.

(b) The receipt of any gifts with a value in excess of $100.

(c) The receipt of any entertainment from any company with which the Fund has current or prospective business
dealings unless such entertainment is business-related, reasonable in cost, appropriate as to time and place, and not so frequent or otherwise of a nature as to raise any question of impropriety.

(d) Any ownership interest in, or any consulting or employment relationship with, any of the Fund's service
providers, other than its investment adviser, principal underwriter, administrator, or any affiliated person thereof.

(e) A direct or indirect financial interest in commissions, transaction charges or spreads paid by the Fund for
effecting portfolio transactions or for selling or redeeming shares other than an interest arising from the Covered Officer's employment, such as ordinary course compensation.

**3.** **Disclosure and Compliance** 

(a) Each Covered Officer shall familiarize himself with the disclosure requirements generally applicable to the
Fund, including by way of example prospectuses and shareholder reports.

(b) Each Covered Officer shall not knowingly misrepresent, or cause or permit others to misrepresent, facts about
the Fund to others, including to the Fund's directors and auditors, and to governmental regulators and self-regulatory organizations.

(c) Each Covered Officer shall, to the extent appropriate within their area of responsibility, consult with other
officers and employees of the Fund and the investment adviser with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents the Fund files with, or submit to, shareholders, the SEC and in other
public communications made by the Fund, and

(d) It is the responsibility of each Covered Officer to promote compliance with the standards and restrictions
imposed by applicable laws, rules, and regulations.

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**4.** **Reporting and Accountability** 

Each Covered Officer must:

(a) Upon adoption of the Codes of Ethics (or thereafter as applicable, upon becoming a Covered Officer), affirm in
writing to the Board that he has received, read, and understands the Codes of Ethics.

(b) Annually thereafter affirm to the Board that he has complied with the requirements of the Code.

(c) Refrain from retaliating against any other Covered Officer or any employee of the Fund or their affiliated
persons for reports of potential violations that are made in good faith, and

(d) Notify the CCO promptly if he becomes aware of any violation of this Code. Failure to do so is itself a
violation of this Code.

The CCO is responsible for applying this Code Section to specific situations in which questions are presented under it and has the authority to interpret this Code Section in any particular situation. However, any approvals or waivers sought by the Principal Executive Officer and Senior Financial Officers will be considered by the CCO.

The Fund will follow these procedures in investigating and enforcing this Code:

(a) The General Counsel or CCO will take all appropriate action to investigate any potential violations reported to
him.

(b) If, after such investigation, the General Counsel or CCO believes that no violation has occurred, the General
Counsel or CCO, as the case may be, is not required to take any further action.

(c) Any matter that the General Counsel or CCO believes is a violation will be reported to the Audit Committee.

(d) If the Audit Committee concurs that a violation has occurred, it will inform and, if appropriate, make a
recommendation to the Board, for appropriate action.

(e) The Audit Committee and Board will be responsible for granting waivers, as appropriate; and

(f) Any changes to or waivers of this Code Section will, to the extent required, be disclosed as provided by SEC
rules.

**5.** **Other Policies and Procedures** 

This Code Section shall be the sole code of ethics adopted by the Fund for purposes of complying with Section 406 of the Sarbanes-Oxley Act and the rules and forms applicable to registered investment companies thereunder. Insofar as other policies or procedures of the Fund, its adviser, principal underwriter, or other service providers govern or purport to govern the behavior or activities of the Covered Officers who are subject to this Code Section, they are superseded by this Code Section to the extent that they overlap or conflict with the provisions of this Code Section. The Fund's and its investment adviser's and principal underwriter's codes of ethics under Rule 17j-1 under the Investment Company Act and more detailed policies and procedures to implement the Codes of Ethics are separate requirements applying to the Covered Officers and others and are not part of this Code Section.

**6.** **Amendments** 

Any amendments to this Code Section must be approved or ratified by a majority vote of the Board, including a majority of independent directors.

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**7.** **Confidentiality** 

All reports and records prepared or maintained pursuant to this Code Section will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or this Code Section, such matters shall not be disclosed to anyone other than the Board, the appropriate Fund Officers and the Fund's investment adviser.

**8.** **Certain Terms** 

For the sake of convenience in drafting, the masculine pronoun has been used throughout this document in referring to employees and officers. It is the intent of this document that in all cases the use of the masculine pronoun shall be deemed to include both masculine and feminine pronouns.

**Effective Date** 

These revised Codes have been approved by the Board of Directors of MoA Funds Corporation. The revised Codes shall be effective beginning November 7, 2025 and, upon becoming effective, these Codes will supersede in their entirety all previous Codes of Ethics and any revisions thereto.

**Acknowledgment of Receipt of Code** 

Each person receiving a copy of these Codes of Ethics and any amendments must promptly acknowledge receipt in a manner determined by the CCO.

## Ex-99.Cert

**Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act** 

I, Joseph R. Gaffoglio, Chief Executive Officer and Principal Executive Officer of MoA Funds Corporation certify that:

1. I have reviewed this report on Form N-CSR of MoA Funds Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred
during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit
committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial
reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the
registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| Date:<u> </u>2/26/2026 | /s/ Joseph R. Gaffoglio |
|  | Joseph R. Gaffoglio |
|  | Chief Executive Officer and |
|  | Principal Executive Officer of |
|  | MoA Funds Corporation |

---

------

**Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act** 

I, R. Jeffrey Young, President, Treasurer, Chief Financial Officer and Principal Financial Officer of MoA Funds Corporation, certify that:

1. I have reviewed this report on Form N-CSR of MoA Funds Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred
during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit
committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial
reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the
registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| Date: 2/26/2026 | /s/ R. Jeffrey Young |
|  | R. Jeffrey Young |
|  | President, Treasurer, Chief Financial Officer and |
|  | Principal Financial Officer of |
|  | MoA Funds Corporation |

---

## Exhibit 99.906

**Certification Pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act**

I, Joseph R. Gaffoglio, Chief Executive Officer and Principal Executive Officer of MoA Funds, (the "Registrant"), certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Form N-CSR of the Registrant (the "Report") fully complies with
the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition and results
of operations of the registrant for the period ended December 31, 2025.

---

| | |
|:---|:---|
| Date:<u> </u>2/26/2026 | /s/ Joseph R. Gaffoglio |
|  | Joseph R. Gaffoglio |
|  | Chief Executive Officer and |
|  | Principal Executive Officer of |
|  | MoA Funds Corporation |

---

I, R. Jeffrey Young, President, Treasurer, Chief Financial Officer and Principal Financial Officer of MoA Funds (the "Registrant"), certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Form N-CSR of the Registrant (the "Report") fully complies with
the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition and results
of operations of the registrant for the period ended December 31, 2025.

---

| | |
|:---|:---|
| Date:<u> </u>2/26/2026 | /s/ R. Jeffrey Young |
|  | R. Jeffrey Young |
|  | President, Treasurer, Chief Financial Officer and |
|  | Principal Financial Officer of |
|  | MoA Funds Corporation |

---

## Ex-99.(A)(5)

![LOGO](g68230g67q93.jpg)

KPMG LLP

Two Manhattan West

375 9th Avenue, 17th Floor

New York, NY 10001

March 4, 2026

Securities and Exchange Commission

Washington, D.C. 20549

Ladies and Gentlemen:

We were previously principal accountants for MoA Funds Corporation ("MoA Funds") and, under the date of February 26, 2026, we reported on the financial statements and financial highlights of MoA Funds as of and for the years ended December 31, 2025 and 2024. On February 26, 2026, we were dismissed.

We have read the statements made by the Funds included under Item 8 of Form N-CSR dated February 27, 2026, and we agree with such statements, except that we are not in a position to agree or disagree with MoA Funds' statement that the change was approved by the Board of Directors upon the recommendation of its Audit Committee or MOA Funds' statement in section (b) of Item 8 of Form N-CSR.

Very truly yours,

![LOGO](g68230g0304125754916.jpg)

KPMG LLP, a Delaware limited liability partnership, and its subsidiaries are part of

the KPMG global organization of independent member firms affiliated with KPMG

International Limited, a private English company limited by guarantee.