Fund Facts  

Inception Date: Oct 30, 2007
Ticker Symbol: VPDSX
Registration Date: Oct 30, 2007
Morningstar Category:Small Blend
As of Aug 31, 2016
Fund Net Assets ($millions) $488

Documents for Fund or Underlying Fund(s)  

Description

Objective  

To offer long-term capital growth.

Principal Investment Strategies  

The Fund invests, under normal circumstances, primarily in a combination of common stocks of U.S. small-capitalization companies, Russell 2000 Index futures contracts, and U.S. and foreign fixed income securities. The Fund’s subadvisers select stocks that they believe have above-average potential for growth and that generally have market capitalizations that fall within the range of companies in the Russell 2000® Index. The Fund’s U.S. and foreign fixed income securities (1) are held, in part, as collateral in conjunction with the Fund’s use of futures contracts; (2) may include government and agency securities, corporate bonds, mortgage-backed securities, asset-backed securities, and municipal securities; and (3) generally have a portfolio effective duration of no greater than three years. Effective duration is a measure of the expected change in value of a fixed income security for a given change in interest rates, and takes into account that expected cash flows will fluctuate as interests rate change. For example, the value of a fixed income security with an effective duration of two years would be expected to decline around 2% if interest rates rose by 1%. Conversely, the value of the same fixed income security would be expected to increase around 2% if interest rates fell by 1%.

The Fund also may invest in:

• foreign equity securities (including those of issuers located in emerging market countries);
• U.S. preferred stock; and
• U.S. and foreign convertible securities.

The term “equity securities” refers to both common and preferred stock.

The Fund’s subadvisers may invest in a company’s preferred stock or convertible security for various reasons including when they believe the security type offers a higher return opportunity than the company’s common stock. Preferred stocks tend to have lower credit ratings than bonds issued by the same entity. In addition, convertible bonds frequently have credit ratings that are below investment grade or are unrated.

The Fund’s fixed income securities are generally investment grade securities (i.e., securities rated within the four highest grades by Standard & Poor’s, Moody’s Investors Service, Inc., or Fitch Ratings or unrated securities that the Fund’s subadvisers determine are of comparable quality).

In addition to Russell 2000 Index futures contracts, the Fund’s subadvisers also may use other derivative instruments. The Fund’s subadvisers may use futures, options, swap agreements, and swaptions to manage risk, or to obtain or adjust investment exposure. The Fund’s subadvisers also may use forward currency contracts to obtain or adjust investment exposure or to manage foreign currency risks. Investments in derivative instruments are limited to 15% of the Fund’s net assets.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. The Fund’s principal investment risks include Stock Market Risk, Small-Cap Securities Risk, Preferred Stock Risk, Foreign Securities Risk, Foreign Currency Risk, Convertible Securities Risk, High Yield Securities Risk, Municipal Securities Risk, Derivative Instruments Risk, Interest Rate Risk, Credit Risk, Call Risk, Mortgage-Backed Securities Risk, Asset-Backed Securities Risk, U.S. Government Agency Securities Risk, Portfolio Turnover Risk, Multi-Manager Risk.
Please see the Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Jun 30, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Vantagepoint Discovery   3.04%1.67%-10.23%6.30%7.53%N/A4.91%
Russell 2000 Indexa,b9.05%11.46%15.47%6.71%15.82%7.07%N/A
Morningstar Small Blenda,c6.97%10.09%13.05%5.57%14.53%6.63%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total Expenses   0.87%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2017 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The Russell 2000® Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000® Index is a subset of the Russell 3000® Index, and includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal–weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Dec 18, 2015Dec 18, 2015$0.232949000
Dec 19, 2014Dec 19, 2014$1.458973000
Dec 20, 2013Dec 20, 2013$2.310134000
Dec 17, 2012Dec 17, 2012$0.625347000
Dec 30, 2011Dec 30, 2011$0.002705000
Dec 16, 2011Dec 16, 2011$0.094971000
 

Morningstar Information

Morningstar RatingTM   As of Aug 31, 2016
Period Stars Category Size
Overall 3 Stars655
3-Year 3 Stars655
5-Year 3 Stars570
10-Year N/A N/A

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Aug 31, 2016
Equity Stylebox
Small Blend
 

Characteristics

Top Ten Holdings As of Nov 30, 2016
Holding NamePercent
RUSSELL 2000 MINI EQUITY INDEX DEC16 (RTAZ6)49.6%
FIDELITY INSTITUTIONAL MONEY MARKET3.7%
UNITED STATES TREASURY NOTE/BOND 0.625% 06/30/20183.3%
UNITED STATES TREASURY NOTE/BOND 0.875% 05/31/20182.3%
UNITED STATES TREASURY NOTE/BOND 0.75% 04/15/20182.3%
UNITED STATES TREASURY NOTE/BOND 1% 09/15/20182.2%
UNITED STATES TREASURY NOTE/BOND 0.875% 01/15/20182.1%
UNITED STATES TREASURY NOTE/BOND 1% 02/15/20181.4%
UNITED STATES TREASURY NOTE/BOND 1% 03/15/20191.1%
UNITED STATES TREASURY NOTE/BOND 0.75% 02/28/20181.0%
All Holdings As of Nov 30, 2016
Equity
Holding NameMarket Value
STERLING BANCORP/DE$3,838,699
SWIFT TRANSPORTATION CO$3,744,401
ASSURED GUARANTY LTD$3,713,175
WESTERN REFINING INC$3,709,101
WESTERN ALLIANCE BANCORP$3,694,431
TELEDYNE TECHNOLOGIES INC$3,657,317
CARDTRONICS PLC$3,584,695
CLEAN HARBORS INC$3,513,204
GREAT WESTERN BANCORP INC$3,429,880
TEXAS CAPITAL BANCSHARES INC$3,355,303
AMERIS BANCORP$3,270,148
JOHN BEAN TECHNOLOGIES CORP$3,241,157
CHICO'S FAS INC$3,196,743
MGIC INVESTMENT CORP$3,148,678
CHEESECAKE FACTORY INC/THE$3,083,230
METHANEX CORP$3,076,260
SOUTH STATE CORP$2,999,330
ENTEGRIS INC$2,960,476
TENNECO INC$2,954,338
PS BUSINESS PARKS INC$2,905,315
GATX CORP$2,881,987
INSULET CORP$2,848,876
FCB FINANCIAL HOLDINGS INC$2,839,744
CALLON PETROLEUM CO$2,830,691
ASPEN TECHNOLOGY INC$2,828,835
HORACE MANN EDUCATORS CORP$2,828,126
FORUM ENERGY TECHNOLOGIES INC$2,821,976
HUBSPOT INC$2,813,808
MINERALS TECHNOLOGIES INC$2,804,139
KIRBY CORP$2,786,280
LIFEPOINT HEALTH INC$2,776,404
WATTS WATER TECHNOLOGIES INC$2,766,355
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC$2,751,559
OUTFRONT MEDIA INC$2,748,193
CINEMARK HOLDINGS INC$2,733,462
GENESEE & WYOMING INC$2,725,723
AIR LEASE CORP$2,720,770
VONAGE HOLDINGS CORP$2,702,664
CADENCE DESIGN SYSTEMS INC$2,661,612
BLOOMIN' BRANDS INC$2,634,281
SOUTH JERSEY INDUSTRIES INC$2,615,250
MFA FINANCIAL INC$2,611,137
CAVIUM INC$2,609,750
REDWOOD TRUST INC$2,588,998
LASALLE HOTEL PROPERTIES$2,584,040
CIENA CORP$2,560,787
HERCULES CAPITAL INC$2,558,750
KEMPER CORP$2,554,911
HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL INC$2,543,209
REXFORD INDUSTRIAL REALTY INC$2,522,479
HILLTOP HOLDINGS INC$2,507,988
POLYONE CORP$2,497,609
GLOBUS MEDICAL INC$2,478,126
NATIONAL CINEMEDIA INC$2,476,306
ALLSCRIPTS HEALTHCARE SOLUTIONS INC$2,438,878
INTEGRATED DEVICE TECHNOLOGY INC$2,438,210
MKS INSTRUMENTS INC$2,365,823
WELLCARE HEALTH PLANS INC$2,361,266
CURTISS-WRIGHT CORP$2,360,913
MASONITE INTERNATIONAL CORP$2,356,452
CONNECTONE BANCORP INC$2,350,118
NEW YORK TIMES CO/THE$2,322,840
LINDBLAD EXPEDITIONS HOLDINGS INC$2,319,160
KENNEDY-WILSON HOLDINGS INC$2,316,219
KATE SPADE & CO$2,311,640
ARMSTRONG WORLD INDUSTRIES INC$2,234,995
LA-Z-BOY INC$2,223,674
GREENCORE GROUP PLC$2,171,326
PATTERN ENERGY GROUP INC$2,163,795
LIFE STORAGE INC$2,155,601
GRAPHIC PACKAGING HOLDING CO$2,080,008
HAEMONETICS CORP$2,076,612
ADVANCED DRAINAGE SYSTEMS INC$2,026,346
NU SKIN ENTERPRISES INC$1,973,604
SOLAR CAPITAL LTD$1,972,006
CALLIDUS SOFTWARE INC$1,967,838
SURGICAL CARE AFFILIATES INC$1,956,208
STATE BANK FINANCIAL CORP$1,948,930
BIO-TECHNE CORP$1,946,526
DSW INC$1,864,352
SPIRIT AIRLINES INC$1,834,800
WEX INC$1,825,625
ACUSHNET HOLDINGS CORP$1,816,619
SANDERSON FARMS INC$1,811,399
BROADSOFT INC$1,782,840
VERIFONE SYSTEMS INC$1,577,188
FIRST SOLAR INC$1,573,911
KINDRED HEALTHCARE INC$1,517,597
MIMEDX GROUP INC$1,494,996
ARMSTRONG FLOORING INC$1,418,423
TESARO INC$1,392,451
ULTRAGENYX PHARMACEUTICAL INC$1,357,549
MAXLINEAR INC$1,350,423
MONOLITHIC POWER SYSTEMS INC$1,307,718
PAPA JOHN'S INTERNATIONAL INC$1,277,686
FIRSTCASH INC$1,145,802
CONVERGYS CORP$1,027,815
ADURO BIOTECH INC$889,200
WISDOMTREE INVESTMENTS INC$870,499
TRINET GROUP INC$764,469
EHEALTH INC$740,156
SUNPOWER CORP$636,116
PTC THERAPEUTICS INC$340,884
 
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY NOTE/BOND 0.625% 06/30/2018$17,017,610
UNITED STATES TREASURY NOTE/BOND 0.875% 05/31/2018$11,974,224
UNITED STATES TREASURY NOTE/BOND 0.75% 04/15/2018$11,959,452
UNITED STATES TREASURY NOTE/BOND 1% 09/15/2018$11,224,672
UNITED STATES TREASURY NOTE/BOND 0.875% 01/15/2018$10,743,066
UNITED STATES TREASURY NOTE/BOND 1% 02/15/2018$7,003,689
UNITED STATES TREASURY NOTE/BOND 1% 03/15/2019$5,551,373
UNITED STATES TREASURY NOTE/BOND 0.75% 02/28/2018$4,986,815
UNITED STATES TREASURY NOTE/BOND 0.75% 07/15/2019$4,450,625
UNITED STATES TREASURY NOTE/BOND 1.25% 12/15/2018$3,984,620
UNITED STATES TREASURY NOTE/BOND 1% 08/15/2018$3,210,917
SYNCHRONY CREDIT CARD MASTER NOTE TRUST 2015-2 1.6% 04/15/2021$2,672,511
UNITED STATES TREASURY NOTE/BOND 0.625% 08/31/2017$2,597,156
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.9% 09/23/2019$2,513,233
CHASE ISSUANCE TRUST 1.15% 01/15/2019$2,500,277
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 02/26/2019$2,488,330
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 08/28/2019$2,423,640
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.465% 05/01/2042$2,404,854
FEDERAL HOME LOAN MORTGAGE CORP 0.875% 07/19/2019$2,339,768
CAPITAL ONE MULTI-ASSET EXECUTION TRUST 1.34% 04/15/2022$2,286,704
CABELA'S CREDIT CARD MASTER NOTE TRUST 1.63% 02/18/2020$2,212,256
ACTAVIS FUNDING SCS 2.35% 03/12/2018$1,600,031
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/2019$1,573,944
GENERAL MOTORS FINANCIAL CO INC 2.4% 04/10/2018$1,536,246
FORD MOTOR CREDIT CO LLC 1.684% 09/08/2017$1,500,515
BANK OF MONTREAL 1.35% 08/28/2018$1,490,778
CITIGROUP INC 1.55% 08/14/2017$1,415,599
NEWELL BRANDS INC 2.15% 10/15/2018$1,409,071
PORSCHE INNOVATIVE LEASE OWNER TRUST 2015-1 1.19% 07/23/2018$1,400,409
BECTON DICKINSON AND CO 1.45% 05/15/2017$1,392,018
AMGEN INC 1.25% 05/22/2017$1,320,964
CARMAX AUTO OWNER TRUST 2015-2 1.37% 03/16/2020$1,320,834
HYUNDAI CAPITAL AMERICA 4% 06/08/2017$1,316,015
NBCUNIVERSAL ENTERPRISE INC 1.565% 04/15/2018$1,309,233
PRINCIPAL LIFE GLOBAL FUNDING II 1.342% 12/01/2017$1,305,441
CARDINAL HEALTH INC 1.95% 06/15/2018$1,303,944
MIZUHO BANK LTD 1.497% 03/26/2018$1,300,365
HSBC USA INC 1.625% 01/16/2018$1,299,041
FEDERAL HOME LOAN MORTGAGE CORP 1.125% 04/15/2019$1,294,760
AT&T INC 2.4% 03/15/2017$1,284,360
BB&T CORP 1.546% 02/01/2019$1,249,823
PRUDENTIAL FINANCIAL INC 1.686% 08/15/2018$1,248,141
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD/NEW YORK NY 2.05% 09/23/2019$1,246,548
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 3.48% 06/01/2019$1,233,186
INVITATION HOMES 2014-SFR1 TRUST 1.55% 06/17/2031$1,232,666
CITIBANK CREDIT CARD ISSUANCE TRUST 1.02% 02/22/2019$1,228,270
SKANDINAVISKA ENSKILDA BANKEN AB 1.5% 09/13/2019$1,215,154
MORGAN STANLEY 2.026% 01/27/2020$1,213,534
SOUTHERN CALIFORNIA EDISON CO 1.845% 02/01/2022$1,210,394
WESTPAC BANKING CORP 1.6% 08/19/2019$1,206,823
AETNA INC 1.9% 06/07/2019$1,195,237
CREDIT AGRICOLE SA/LONDON 1.68% 04/15/2019$1,193,484
PFIZER INC 1.45% 06/03/2019$1,181,935
NATIONAL AUSTRALIA BANK LTD/NEW YORK 1.375% 07/12/2019$1,179,976
DOMINION RESOURCES INC/VA 1.5% 09/30/2018$1,176,190
CELGENE CORP 2.125% 08/15/2018$1,165,689
MMAF EQUIPMENT FINANCE LLC 2015-A 1.39% 10/16/2019$1,160,258
STANLEY BLACK & DECKER INC 2.451% 11/17/2018$1,153,189
SYNCHRONY FINANCIAL 1.875% 08/15/2017$1,066,689
INVITATION HOMES 2015-SFR3 TRUST 1.85% 08/17/2032$1,065,433
HEWLETT PACKARD ENTERPRISE CO 2.7% 10/05/2017$1,016,040
SVENSKA HANDELSBANKEN AB 1.5% 09/06/2019$1,013,982
SUNTRUST BANK/ATLANTA GA 1.346% 02/15/2017$1,010,245
FIFTH THIRD BANK/CINCINNATI OH 1.821% 08/20/2018$1,007,250
RELIANCE STANDARD LIFE GLOBAL FUNDING II 2.15% 10/15/2018$1,005,922
INVITATION HOMES 2015-SFR2 TRUST 1.888% 06/17/2032$981,573
ABBVIE INC 1.8% 05/14/2018$974,735
BRANCH BANKING & TRUST CO 1.45% 05/10/2019$969,756
HEWLETT PACKARD ENTERPRISE CO 3.1% 10/05/2018$959,315
VERIZON COMMUNICATIONS INC 1.35% 06/09/2017$946,744
ZIMMER BIOMET HOLDINGS INC 2% 04/01/2018$920,745
DISCOVER BANK/GREENWOOD DE 2.6% 11/13/2018$919,230
MACQUARIE BANK LTD 1.6% 10/27/2017$910,272
PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP 3.75% 05/11/2017$908,648
AT&T INC 2.3% 03/11/2019$902,572
WISCONSIN PUBLIC SERVICE CORP 1.65% 12/04/2018$900,390
ASHLAND INC 3.875% 04/15/2018$895,781
COLONY AMERICAN HOMES 2015-1 1.75% 07/17/2032$885,975
CVS HEALTH CORP 1.9% 07/20/2018$852,187
BANK OF TOKYO-MITSUBISHI UFJ LTD/THE 1.45% 09/08/2017$843,944
KRAFT HEINZ FOODS CO 2% 07/02/2018$831,987
CAPITAL AUTO RECEIVABLES ASSET TRUST 2015-2 1.39% 09/20/2018$830,537
VERIZON COMMUNICATIONS INC 2.606% 09/14/2018$819,282
PACCAR FINANCIAL CORP 1.3% 05/10/2019$812,111
BANK OF AMERICA CORP 1.434% 05/02/2017$805,766
ROYAL BANK OF CANADA 1.625% 04/15/2019$768,746
HERTZ FLEET LEASE FUNDING LP 1.087% 12/10/2027$757,448
INVITATION HOMES 2014-SFR2 TRUST 1.65% 09/17/2031$750,978
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.184% 10/25/2023$749,295
CISCO SYSTEMS INC 1.4% 09/20/2019$726,812
LIONS GATE ENTERTAINMENT CORP 5.25% 08/01/2018$725,050
RYDER SYSTEM INC 2.5% 03/01/2017$724,545
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.534% 05/25/2024$713,963
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$683,400
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.4% 07/20/2018$673,645
SUNTRUST BANK/ATLANTA GA 1.35% 02/15/2017$670,186
REYNOLDS AMERICAN INC 2.3% 06/12/2018$665,395
BANK OF NEW YORK MELLON CORP/THE 1.446% 08/01/2018$652,692
IMPERIAL TOBACCO FINANCE PLC 2.05% 02/11/2018$651,292
SANTANDER BANK NA 2% 01/12/2018$648,336
MORGAN STANLEY 6.625% 04/01/2018$642,229
GOLDMAN SACHS GROUP INC/THE 2.006% 11/15/2018$641,464
GLENCORE FINANCE CANADA LTD 2.7% 10/25/2017$641,433
BANK OF AMERICA CORP 1.7% 08/25/2017$636,138
JPMORGAN CHASE & CO 1.782% 01/25/2018$631,360
CNH INDUSTRIAL CAPITAL LLC 3.875% 07/16/2018$618,388
MONDELEZ INTERNATIONAL HOLDINGS NETHERLANDS BV 1.625% 10/28/2019$615,251
TIAA ASSET MANAGEMENT FINANCE CO LLC 2.95% 11/01/2019$611,440
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-4 2.97% 03/15/2021$607,473
FORD MOTOR CREDIT CO LLC 4.25% 02/03/2017$602,861
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 2.3% 11/15/2019$601,312
MORGAN STANLEY 2.45% 02/01/2019$594,852
BANK OF AMERICA CORP 1.936% 03/22/2018$594,736
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.742% 09/25/2028$592,424
METROPOLITAN LIFE GLOBAL FUNDING I 1.95% 12/03/2018$592,279
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.7% 07/19/2019$589,162
BANK OF AMERICA NA 2.05% 12/07/2018$568,002
GENERAL MOTORS FINANCIAL CO INC 2.4% 05/09/2019$555,121
AIRCASTLE LTD 6.75% 04/15/2017$543,623
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2016-2 2.66% 11/15/2021$543,526
FIFTH THIRD BANCORP 5.45% 01/15/2017$542,309
CATERPILLAR FINANCIAL SERVICES CORP 1.25% 08/18/2017$540,357
DOMINION RESOURCES INC/VA 1.25% 03/15/2017$540,147
PNC BANK NA 1.95% 03/04/2019$531,541
HYUNDAI AUTO RECEIVABLES TRUST 2016-B 2.68% 09/15/2023$529,685
BERKSHIRE HATHAWAY ENERGY CO 5.75% 04/01/2018$527,104
ABBVIE INC 1.75% 11/06/2017$521,340
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 1.834% 10/25/2028$513,526
MYLAN NV 2.5% 06/07/2019$507,978
DRIVE AUTO RECEIVABLES TRUST 2016-B 3.19% 07/15/2022$484,759
BERKSHIRE HATHAWAY FINANCE CORP 1.7% 03/15/2019$479,944
STANDARD CHARTERED PLC 2.1% 08/19/2019$474,812
ANTHEM INC 2.375% 02/15/2017$466,003
COLONY AMERICAN HOMES 2014-2 1.474% 07/17/2031$462,969
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-2 3.02% 04/15/2021$461,670
CITIZENS BANK NA/PROVIDENCE RI 2.5% 03/14/2019$453,465
CENTERPOINT ENERGY TRANSITION BOND CO IV LLC 0.901% 04/15/2018$444,706
INTERNATIONAL LEASE FINANCE CORP 3.875% 04/15/2018$444,570
EXPRESS SCRIPTS HOLDING CO 1.25% 06/02/2017$434,957
HYUNDAI CAPITAL SERVICES INC 1.625% 08/30/2019$423,899
WESTERN DIGITAL CORP 10.5% 04/01/2024$417,600
MANUFACTURERS & TRADERS TRUST CO 1.4% 07/25/2017$410,624
CITIGROUP INC 2.05% 12/07/2018$410,367
NVIDIA CORP 2.2% 09/16/2021$401,049
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.784% 07/25/2024$399,921
CAPITAL ONE NA/MCLEAN VA 1.65% 02/05/2018$389,400
CIT GROUP INC 5.25% 03/15/2018$388,770
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-1 3.24% 04/15/2021$380,769
INVITATION HOMES 2013-SFR1 TRUST 1.7% 12/17/2030$377,034
BMW US CAPITAL LLC 1.5% 04/11/2019$366,801
CSMC TRUST 2013-IVR2 1.55% 04/25/2043$363,147
KEYBANK NA/CLEVELAND OH 2.35% 03/08/2019$363,120
L-3 COMMUNICATIONS CORP 1.5% 05/28/2017$360,491
CAPITAL ONE NA/MCLEAN VA 1.5% 09/05/2017$359,694
SEAGATE HDD CAYMAN 3.75% 11/15/2018$357,656
HUNTINGTON NATIONAL BANK/THE 2.2% 11/06/2018$351,306
NCUA GUARANTEED NOTES TRUST 2010-A1 0.885% 12/07/2020$350,681
WALGREENS BOOTS ALLIANCE INC 1.75% 05/30/2018$340,745
GLENCORE FUNDING LLC 2.24% 01/15/2019$328,350
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 1.57% 06/17/2019$320,388
CITIGROUP INC 2.05% 06/07/2019$319,495
CREDIT SUISSE AG/NEW YORK NY 1.566% 04/27/2018$314,913
ACTAVIS FUNDING SCS 2.1% 03/12/2020$314,649
GENERAL MOTORS FINANCIAL CO INC 3% 09/25/2017$313,153
FIFTH THIRD BANK/CINCINNATI OH 2.3% 03/15/2019$312,283
IMPERIAL TOBACCO FINANCE PLC 2.05% 07/20/2018$310,662
CISCO SYSTEMS INC 1.6% 02/28/2019$309,806
SANTANDER UK PLC 2.5% 03/14/2019$306,626
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 4.1% 06/15/2021$302,163
TENCENT HOLDINGS LTD 2% 05/02/2017$300,313
ACTAVIS FUNDING SCS 1.3% 06/15/2017$300,304
SANTANDER UK PLC 1.362% 03/13/2017$300,094
MISSOURI HIGHER EDUCATION LOAN AUTHORITY 1.422% 01/26/2026$300,026
CAMERON INTERNATIONAL CORP 1.15% 12/15/2016$299,999
KOREA EXPRESSWAY CORP 1.625% 04/28/2017$299,906
VERIZON OWNER TRUST 2016-1 1.42% 01/20/2021$298,991
JPMORGAN CHASE & CO 6.3% 04/23/2019$296,412
COLONY AMERICAN HOMES 2014-1 1.7% 05/17/2031$289,077
WANT WANT CHINA FINANCE LTD 1.875% 05/14/2018$287,906
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.42% 06/21/2021$287,399
NCUA GUARANTEED NOTES TRUST 2010-R1 0.981% 10/07/2020$285,026
FORD MOTOR CREDIT CO LLC 3% 06/12/2017$282,120
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 2.2% 07/21/2021$278,872
AMERICAN HOMES 4 RENT 2014-SFR1 1.55% 06/17/2031$273,331
TENET HEALTHCARE CORP 6.25% 11/01/2018$272,350
DRIVE AUTO RECEIVABLES TRUST 2016-B 1.67% 07/15/2019$260,271
EXXON MOBIL CORP 1.708% 03/01/2019$259,739
CITIZENS BANK NA/PROVIDENCE RI 2.3% 12/03/2018$251,777
CITIGROUP INC 1.85% 11/24/2017$250,770
STRYKER CORP 2% 03/08/2019$250,652
HUNTINGTON NATIONAL BANK/THE 1.307% 04/24/2017$250,135
COMPASS BANK 1.85% 09/29/2017$249,476
DISH DBS CORP 4.625% 07/15/2017$248,063
SEQUOIA MORTGAGE TRUST 2013-4 1.55% 04/25/2043$248,051
PORSCHE INNOVATIVE LEASE OWNER TRUST 2014-1 1.03% 11/20/2017$248,011
ASTORIA FINANCIAL CORP 5% 06/19/2017$243,595
GOLDMAN SACHS GROUP INC/THE 2.087% 04/30/2018$242,313
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.584% 10/25/2023$240,910
CALIFORNIA EARTHQUAKE AUTHORITY 1.824% 07/01/2017$240,907
WEA FINANCE LLC / WESTFIELD UK & EUROPE FINANCE PLC 1.75% 09/15/2017$240,718
AETNA INC 1.7% 06/07/2018$240,118
BANCO DE CREDITO DEL PERU/PANAMA 2.25% 10/25/2019$238,200
EBAY INC 2.5% 03/09/2018$231,880
DRIVE AUTO RECEIVABLES TRUST 2016-B 2.56% 06/15/2020$231,610
BANK OF AMERICA CORP 2.151% 11/09/2020$222,424
BAXALTA INC 1.646% 06/22/2018$220,135
PACCAR FINANCIAL CORP 1.45% 03/09/2018$219,979
IHO VERWALTUNGS GMBH 4.125% 09/15/2021$202,500
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2016-2 2.87% 11/08/2021$202,177
DUKE ENERGY CORP 1.226% 04/03/2017$200,236
TSMC GLOBAL LTD 1.625% 04/03/2018$199,419
ALLY FINANCIAL INC 3.25% 09/29/2017$197,316
NOVELIS CORP 6.25% 08/15/2024$197,125
THERMO FISHER SCIENTIFIC INC 2.15% 12/14/2018$190,759
NEXTERA ENERGY CAPITAL HOLDINGS INC 1.649% 09/01/2018$189,729
TECO FINANCE INC 1.476% 04/10/2018$189,648
APPLE INC 1.7% 02/22/2019$180,512
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2014-3 2.65% 08/17/2020$171,908
CHEVRON CORP 1.79% 11/16/2018$170,723
WHIRLPOOL CORP 1.65% 11/01/2017$170,278
FORTIVE CORP 1.8% 06/15/2019$168,690
SEQUOIA MORTGAGE TRUST 2013-1 1.45% 02/25/2043$163,122
DOMINION RESOURCES INC/VA 2.962% 07/01/2019$162,250
AMPHENOL CORP 1.55% 09/15/2017$160,249
CAMERON INTERNATIONAL CORP 1.4% 06/15/2017$159,835
FIDELITY NATIONAL INFORMATION SERVICES INC 2% 04/15/2018$150,509
AUTODESK INC 1.95% 12/15/2017$150,401
GSAMP TRUST 2004-SEA2 1.242% 03/25/2034$150,182
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 2.042% 11/25/2023$148,532
PACCAR FINANCIAL CORP 1.1% 06/06/2017$139,966
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.11% 03/22/2021$139,578
SYNCHRONY FINANCIAL 2.111% 02/03/2020$138,397
AES CORP/VA 3.842% 06/01/2019$138,305
PACCAR FINANCIAL CORP 1.435% 12/06/2018$130,909
APPLE INC 1.3% 02/23/2018$130,044
IAC/INTERACTIVECORP 4.875% 11/30/2018$127,953
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 5.875% 06/15/2021$126,435
WALGREENS BOOTS ALLIANCE INC 1.75% 11/17/2017$120,418
BAXALTA INC 2% 06/22/2018$120,041
VENTAS REALTY LP 1.25% 04/17/2017$119,961
VERIZON COMMUNICATIONS INC 2.625% 02/21/2020$115,958
AT&T INC 5.5% 02/01/2018$114,541
KINDER MORGAN INC/DE 3.05% 12/01/2019$111,170
PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP 2.5% 06/15/2019$110,420
KINDER MORGAN INC/DE 2% 12/01/2017$110,202
BERKSHIRE HATHAWAY INC 1.15% 08/15/2018$109,480
SPRINGLEAF MORTGAGE LOAN TRUST 2013-2 1.78% 12/25/2065$102,576
WM WRIGLEY JR CO 2% 10/20/2017$100,572
GREATAMERICA LEASING RECEIVABLES FUNDING LLC 1.83% 06/17/2019$100,023
GATX CORP 1.25% 03/04/2017$100,009
FREDDIE MAC STRUCTURED AGENCY CREDIT RISK DEBT NOTES 1.742% 05/25/2028$98,162
KUBOTA CREDIT OWNER TRUST 2015-1 0.94% 12/15/2017$93,367
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1.534% 05/25/2024$92,909
FREEPORT-MCMORAN INC 2.15% 03/01/2017$79,900
COCA-COLA CO/THE 0.875% 10/27/2017$75,897
SOUTHERN POWER CO 1.85% 12/01/2017$70,304
FIDELITY NATIONAL INFORMATION SERVICES INC 1.45% 06/05/2017$70,065
JOHNSON CONTROLS INC 1.4% 11/02/2017$69,971
CAPITAL AUTO RECEIVABLES ASSET TRUST 2013-1 1.74% 10/22/2018$57,542
LOCKHEED MARTIN CORP 1.85% 11/23/2018$47,187
TRANSALTA CORP 1.9% 06/03/2017$45,928
NELNET STUDENT LOAN TRUST 2014-2 0.814% 06/25/2021$34,589
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$18,839,618
 
Other
Holding NameMarket Value
RUSSELL 2000 MINI EQUITY INDEX DEC16 (RTAZ6)$18,483,718
USD$414,669
USD$-20,081,468
All Holdings As of Oct 31, 2016
Equity
Holding NameMarket Value
CARDTRONICS PLC$3,528,000
SWIFT TRANSPORTATION CO$3,267,928
CEPHEID INC$3,185,109
TELEDYNE TECHNOLOGIES INC$3,071,034
CLEAN HARBORS INC$3,063,024
INSULET CORP$3,060,173
ASSURED GUARANTY LTD$3,022,178
STERLING BANCORP/DE$2,957,490
LIFEPOINT HEALTH INC$2,944,620
WESTERN REFINING INC$2,904,907
WESTERN ALLIANCE BANCORP$2,876,720
HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL INC$2,847,670
JOHN BEAN TECHNOLOGIES CORP$2,793,952
PS BUSINESS PARKS INC$2,779,883
MGIC INVESTMENT CORP$2,758,406
VONAGE HOLDINGS CORP$2,739,541
CHEESECAKE FACTORY INC/THE$2,698,861
GREAT WESTERN BANCORP INC$2,691,911
TENNECO INC$2,687,416
ALLSCRIPTS HEALTHCARE SOLUTIONS INC$2,667,661
TEXAS CAPITAL BANCSHARES INC$2,663,163
CINEMARK HOLDINGS INC$2,659,038
AMERIS BANCORP$2,577,264
ASPEN TECHNOLOGY INC$2,567,374
HUBSPOT INC$2,561,658
ENTEGRIS INC$2,553,540
CADENCE DESIGN SYSTEMS INC$2,522,700
SOUTH STATE CORP$2,521,773
KIRBY CORP$2,520,702
HERCULES CAPITAL INC$2,500,704
METHANEX CORP$2,474,708
GLOBUS MEDICAL INC$2,467,716
HORACE MANN EDUCATORS CORP$2,465,811
CAVIUM INC$2,464,607
GREENCORE GROUP PLC$2,428,856
MINERALS TECHNOLOGIES INC$2,406,432
PATTERN ENERGY GROUP INC$2,398,937
BLOOMIN' BRANDS INC$2,385,843
MFA FINANCIAL INC$2,376,773
CHICO'S FAS INC$2,372,744
WELLCARE HEALTH PLANS INC$2,368,954
WATTS WATER TECHNOLOGIES INC$2,366,400
GENESEE & WYOMING INC$2,360,236
REXFORD INDUSTRIAL REALTY INC$2,341,725
FCB FINANCIAL HOLDINGS INC$2,330,877
REDWOOD TRUST INC$2,328,898
ARGO GROUP INTERNATIONAL HOLDINGS LTD$2,326,082
SOUTH JERSEY INDUSTRIES INC$2,288,091
OUTFRONT MEDIA INC$2,283,287
FORUM ENERGY TECHNOLOGIES INC$2,274,120
NU SKIN ENTERPRISES INC$2,270,570
CIENA CORP$2,252,925
GATX CORP$2,248,027
KINDRED HEALTHCARE INC$2,247,869
AIR LEASE CORP$2,235,609
DSW INC$2,207,851
KATE SPADE & CO$2,200,615
NATIONAL CINEMEDIA INC$2,180,225
KENNEDY-WILSON HOLDINGS INC$2,176,184
HILLTOP HOLDINGS INC$2,147,418
FIRST SOLAR INC$2,101,836
LIFE STORAGE INC$2,083,996
CURTISS-WRIGHT CORP$2,049,609
CALLON PETROLEUM CO$2,029,791
MKS INSTRUMENTS INC$2,019,514
MASONITE INTERNATIONAL CORP$2,014,829
GRAPHIC PACKAGING HOLDING CO$2,014,125
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC$1,976,953
CALLIDUS SOFTWARE INC$1,973,281
SANDERSON FARMS INC$1,967,863
ARMSTRONG WORLD INDUSTRIES INC$1,957,125
SURGICAL CARE AFFILIATES INC$1,938,387
SOLAR CAPITAL LTD$1,907,919
NEW YORK TIMES CO/THE$1,896,491
LA-Z-BOY INC$1,894,136
INTEGRATED DEVICE TECHNOLOGY INC$1,888,752
BIO-TECHNE CORP$1,870,780
ADVANCED DRAINAGE SYSTEMS INC$1,856,520
CONVERGYS CORP$1,840,476
POLYONE CORP$1,814,598
WEX INC$1,802,332
CONNECTONE BANCORP INC$1,786,923
BROADSOFT INC$1,784,988
LASALLE HOTEL PROPERTIES$1,627,113
KEMPER CORP$1,606,802
ACUSHNET HOLDINGS CORP$1,584,536
LINDBLAD EXPEDITIONS HOLDINGS INC$1,540,457
SPIRIT AIRLINES INC$1,471,451
VERIFONE SYSTEMS INC$1,445,522
MIMEDX GROUP INC$1,405,107
PATTERSON-UTI ENERGY INC$1,325,196
MONOLITHIC POWER SYSTEMS INC$1,256,231
TESARO INC$1,240,471
ARMSTRONG FLOORING INC$1,226,069
HAEMONETICS CORP$1,152,645
PAPA JOHN'S INTERNATIONAL INC$1,091,007
ULTRAGENYX PHARMACEUTICAL INC$1,022,887
INTERSIL CORP$958,272
ADURO BIOTECH INC$838,500
SUNPOWER CORP$681,284
WISDOMTREE INVESTMENTS INC$675,306
EHEALTH INC$570,416
HSN INC$453,908
PTC THERAPEUTICS INC$190,026
BLACKLINE INC$56,875
QUANTENNA COMMUNICATIONS INC$53,928
 
Fixed Income
Holding NameMarket Value
UNITED STATES TREASURY NOTE/BOND 0.625% 06/30/2018$17,074,475
UNITED STATES TREASURY NOTE/BOND 1% 09/15/2018$11,271,233
UNITED STATES TREASURY NOTE/BOND 1% 02/15/2018$7,022,694
UNITED STATES TREASURY NOTE/BOND 0.875% 05/31/2018$7,007,658
UNITED STATES TREASURY NOTE/BOND 1% 03/15/2019$5,584,583
UNITED STATES TREASURY NOTE/BOND 0.75% 02/28/2018$5,185,191
UNITED STATES TREASURY NOTE/BOND 0.75% 12/31/2017$4,090,560
UNITED STATES TREASURY NOTE/BOND 1.25% 12/15/2018$4,004,500
UNITED STATES TREASURY NOTE/BOND 1% 08/15/2018$3,223,539
UNITED STATES TREASURY NOTE/BOND 0.75% 07/15/2019$2,749,176
SYNCHRONY CREDIT CARD MASTER NOTE TRUST 2015-2 1.6% 04/15/2021$2,678,555
UNITED STATES TREASURY NOTE/BOND 0.625% 08/31/2017$2,599,137
SHIRE ACQUISITIONS INVESTMENTS IRELAND DAC 1.9% 09/23/2019$2,542,005
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 02/26/2019$2,501,830
CHASE ISSUANCE TRUST 1.15% 01/15/2019$2,501,022
FEDERAL NATIONAL MORTGAGE ASSOCIATION 1% 08/28/2019$2,445,372
FEDERAL NATIONAL MORTGAGE ASSOCIATION 2.465% 05/01/2042$2,422,897
FEDERAL HOME LOAN MORTGAGE CORP 0.875% 07/19/2019$2,360,274
CAPITAL ONE MULTI-ASSET EXECUTION TRUST 1.34% 04/15/2022$2,301,469
CABELA'S CREDIT CARD MASTER NOTE TRUST 1.63% 02/18/2020$2,213,360
ACTAVIS FUNDING SCS 2.35% 03/12/2018$1,606,134
UNITED STATES TREASURY NOTE/BOND 0.875% 06/15/2019$1,586,615
GENERAL MOTORS FINANCIAL CO INC 2.4% 04/10/2018$1,543,977
FORD MOTOR CREDIT CO LLC 1.684% 09/08/2017$1,501,530
BANK OF MONTREAL 1.35% 08/28/2018$1,497,875
CITIGROUP INC 1.55% 08/14/2017$1,417,918
NEWELL BRANDS INC 2.15% 10/15/2018$1,416,982
PORSCHE INNOVATIVE LEASE OWNER TRUST 201 1.19% 07/23/2018$1,400,825
BECTON DICKINSON AND CO 1.45% 05/15/2017$1,393,190
CARMAX AUTO OWNER TRUST 2015-2 1.37% 03/16/2020$1,322,061
AMGEN INC 1.25% 05/22/2017$1,321,554
HYUNDAI CAPITAL AMERICA 4% 06/08/2017$1,319,656
CARDINAL HEALTH INC 1.95% 06/15/2018$1,310,781
NBCUNIVERSAL ENTERPRISE INC 1.565% 04/15/2018$1,309,283
PRINCIPAL LIFE GLOBAL FUNDING II 1.342% 12/01/2017$1,305,894
FEDERAL HOME LOAN MORTGAGE CORP 1.125% 04/15/2019$1,304,053
HSBC USA INC 1.625% 01/16/2018$1,301,004
MIZUHO BANK LTD 1.497% 03/26/2018$1,298,517
AT&T INC 2.4% 03/15/2017$1,286,633
BB&T CORP 1.416% 02/01/2019$1,249,524
PRUDENTIAL FINANCIAL INC 1.597% 08/15/2018$1,248,051
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 3.48% 06/01/2019$1,242,222
INVITATION HOMES 2014-SFR1 TRUST 1.535% 06/17/2031$1,235,624
CITIBANK CREDIT CARD ISSUANCE TRUST 1.02% 02/22/2019$1,228,209
SKANDINAVISKA ENSKILDA BANKEN AB 1.5% 09/13/2019$1,228,054
SOUTHERN CALIFORNIA EDISON CO 1.845% 02/01/2022$1,227,934
WESTPAC BANKING CORP 1.6% 08/19/2019$1,218,918
MORGAN STANLEY 2.026% 01/27/2020$1,212,521
AETNA INC 1.9% 06/07/2019$1,210,381
CREDIT AGRICOLE SA/LONDON 1.68% 04/15/2019$1,194,258
PFIZER INC 1.45% 06/03/2019$1,191,695
NATIONAL AUSTRALIA BANK LTD/NEW YORK 1.375% 07/12/2019$1,191,218
DOMINION RESOURCES INC/VA 1.5% 09/30/2018$1,181,146
CELGENE CORP 2.125% 08/15/2018$1,171,518
MMAF EQUIPMENT FINANCE LLC 2015-A 1.39% 10/16/2019$1,160,952
STANLEY BLACK & DECKER INC 2.451% 11/17/2018$1,159,757
INVITATION HOMES 2015-SFR3 TRUST 1.835% 08/17/2032$1,071,242
SYNCHRONY FINANCIAL 1.875% 08/15/2017$1,067,781
SVENSKA HANDELSBANKEN AB 1.5% 09/06/2019$1,023,951
HEWLETT PACKARD ENTERPRISE CO 2.7% 10/05/2017$1,017,958
SUNTRUST BANK/ATLANTA GA 1.257% 02/15/2017$1,010,280
RELIANCE STANDARD LIFE GLOBAL FUNDING II 2.15% 10/15/2018$1,007,825
FIFTH THIRD BANK/CINCINNATI OH 1.721% 08/20/2018$1,005,883
INVITATION HOMES 2015-SFR2 TRUST 1.885% 06/17/2032$983,908
ABBVIE INC 1.8% 05/14/2018$978,434
BRANCH BANKING & TRUST CO 1.45% 05/10/2019$978,188
HEWLETT PACKARD ENTERPRISE CO 3.1% 10/05/2018$966,641
VERIZON COMMUNICATIONS INC 1.35% 06/09/2017$946,085
ZIMMER BIOMET HOLDINGS INC 2% 04/01/2018$924,845
DISCOVER BANK/GREENWOOD DE 2.6% 11/13/2018$924,653
MACQUARIE BANK LTD 1.6% 10/27/2017$911,542
PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP 3.75% 05/11/2017$911,047
JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2015-COSMO 1.785% 01/15/2032$910,763
AT&T INC 2.3% 03/11/2019$909,576
HERTZ FLEET LEASE FUNDING LP 1.079% 12/10/2027$905,941
WISCONSIN PUBLIC SERVICE CORP 1.65% 12/04/2018$904,720
ASHLAND INC 3.875% 04/15/2018$895,781
COLONY AMERICAN HOMES 2015-1 1.735% 07/17/2032$889,158
CVS HEALTH CORP 1.9% 07/20/2018$856,914
BANK OF TOKYO-MITSUBISHI UFJ LTD/THE 1.45% 09/08/2017$844,515
KRAFT HEINZ FOODS CO 2% 07/02/2018$836,320
CAPITAL AUTO RECEIVABLES ASSET TRUST 2015-2 1.39% 09/20/2018$830,983
VERIZON COMMUNICATIONS INC 2.606% 09/14/2018$821,665
PACCAR FINANCIAL CORP 1.3% 05/10/2019$819,342
BANK OF AMERICA CORP 1.309% 05/02/2017$805,580
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.134% 01/25/2024$793,975
ROYAL BANK OF CANADA 1.625% 04/15/2019$775,174
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.484% 05/25/2024$755,517
INVITATION HOMES 2014-SFR2 TRUST 1.645% 09/17/2031$752,872
CISCO SYSTEMS INC 1.4% 09/20/2019$735,683
RYDER SYSTEM INC 2.5% 03/01/2017$727,414
LIONS GATE ENTERTAINMENT CORP 5.25% 08/01/2018$717,400
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM CO II LLC / SPRINT SPECTRUM CO III LLC 3.36% 03/20/2023$685,100
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.4% 07/20/2018$677,364
SUNTRUST BANK/ATLANTA GA 1.35% 02/15/2017$670,449
REYNOLDS AMERICAN INC 2.3% 06/12/2018$668,971
IMPERIAL TOBACCO FINANCE PLC 2.05% 02/11/2018$652,867
BANK OF NEW YORK MELLON CORP/THE 1.316% 08/01/2018$652,419
SANTANDER BANK NA 2% 01/12/2018$649,962
MORGAN STANLEY 6.625% 04/01/2018$646,173
GLENCORE FINANCE CANADA LTD 2.7% 10/25/2017$642,458
GOLDMAN SACHS GROUP INC/THE 1.917% 11/15/2018$640,463
BANK OF AMERICA CORP 1.7% 08/25/2017$636,584
JPMORGAN CHASE & CO 1.782% 01/25/2018$630,576
MONDELEZ INTERNATIONAL HOLDINGS NETHERLANDS BV 1.625% 10/28/2019$623,253
TIAA ASSET MANAGEMENT FINANCE CO LLC 2.95% 11/01/2019$617,557
CNH INDUSTRIAL CAPITAL LLC 3.875% 07/16/2018$616,863
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 2.97% 03/15/2021$610,183
FORD MOTOR CREDIT CO LLC 4.25% 02/03/2017$604,678
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 2.3% 11/15/2019$602,712
MORGAN STANLEY 2.45% 02/01/2019$599,413
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.684% 09/25/2028$596,272
METROPOLITAN LIFE GLOBAL FUNDING I 1.95% 12/03/2018$596,207
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 1.7% 07/19/2019$595,738
BANK OF AMERICA CORP 1.936% 03/22/2018$595,115
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 1.784% 10/25/2028$589,838
BANK OF AMERICA NA 2.05% 12/07/2018$571,456
GENERAL MOTORS FINANCIAL CO INC 2.4% 05/09/2019$560,860
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 2.66% 11/15/2021$547,773
AIRCASTLE LTD 6.75% 04/15/2017$546,310
FIFTH THIRD BANCORP 5.45% 01/15/2017$545,230
CATERPILLAR FINANCIAL SERVICES CORP 1.25% 08/18/2017$540,481
DOMINION RESOURCES INC/VA 1.25% 03/15/2017$540,331
HYUNDAI AUTO RECEIVABLES TRUST 2016-B 2.68% 09/15/2023$538,048
PNC BANK NA 1.95% 03/04/2019$534,906
BERKSHIRE HATHAWAY ENERGY CO 5.75% 04/01/2018$530,744
ABBVIE INC 1.75% 11/06/2017$521,986
MYLAN NV 2.5% 06/07/2019$515,841
KROGER CO/THE 2.2% 01/15/2017$501,523
DRIVE AUTO RECEIVABLES TRUST 2016-B 3.19% 07/15/2022$487,872
BERKSHIRE HATHAWAY FINANCE CORP 1.7% 03/15/2019$483,981
STANDARD CHARTERED PLC 2.1% 08/19/2019$479,915
ANTHEM INC 2.375% 02/15/2017$466,476
COLONY AMERICAN HOMES 2014-2 1.496% 07/17/2031$464,114
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 3.02% 04/15/2021$462,370
CITIZENS BANK NA/PROVIDENCE RI 2.5% 03/14/2019$456,740
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.734% 07/25/2024$450,806
INTERNATIONAL LEASE FINANCE CORP 3.875% 04/15/2018$445,875
CENTERPOINT ENERGY TRANSITION BOND CO IV LLC 0.901% 04/15/2018$444,708
EXPRESS SCRIPTS HOLDING CO 1.25% 06/02/2017$435,206
HYUNDAI CAPITAL SERVICES INC 1.625% 08/30/2019$427,908
WESTERN DIGITAL CORP 10.5% 04/01/2024$416,700
CITIGROUP INC 2.05% 12/07/2018$412,486
PORSCHE INNOVATIVE LEASE OWNER TRUST 201 1.03% 11/20/2017$411,595
MANUFACTURERS & TRADERS TRUST CO 1.4% 07/25/2017$410,529
NVIDIA CORP 2.2% 09/16/2021$409,974
LIBERTY PROPERTY LP 6.625% 10/01/2017$402,855
CAPITAL ONE NA/MCLEAN VA 1.65% 02/05/2018$390,435
CIT GROUP INC 5.25% 03/15/2018$389,310
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 3.24% 04/15/2021$382,856
CSMC TRUST 2013-IVR2 1.55% 04/25/2043$381,934
INVITATION HOMES 2013-SFR1 TRUST 1.685% 12/17/2030$377,835
SABINE PASS LNG LP 7.5% 11/30/2016$371,628
BMW US CAPITAL LLC 1.5% 04/11/2019$370,314
KEYBANK NA/CLEVELAND OH 2.35% 03/08/2019$366,346
NCUA GUARANTEED NOTES TRUST 2010-A1 0.879% 12/07/2020$366,227
L-3 COMMUNICATIONS CORP 1.5% 05/28/2017$360,437
CAPITAL ONE NA/MCLEAN VA 1.5% 09/05/2017$360,266
SEAGATE HDD CAYMAN 3.75% 11/15/2018$360,071
HUNTINGTON NATIONAL BANK/THE 2.2% 11/06/2018$353,476
KEYBANK NA/CLEVELAND OH 1.315% 11/25/2016$345,131
WALGREENS BOOTS ALLIANCE INC 1.75% 05/30/2018$341,762
GLENCORE FUNDING LLC 2.24% 01/15/2019$331,238
CITIGROUP INC 2.05% 06/07/2019$321,659
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 1.57% 06/17/2019$320,625
ACTAVIS FUNDING SCS 2.1% 03/12/2020$315,226
CREDIT SUISSE AG/NEW YORK NY 1.566% 04/27/2018$315,144
FIFTH THIRD BANK/CINCINNATI OH 2.3% 03/15/2019$314,023
GENERAL MOTORS FINANCIAL CO INC 3% 09/25/2017$313,747
CISCO SYSTEMS INC 1.6% 02/28/2019$312,150
IMPERIAL TOBACCO FINANCE PLC 2.05% 07/20/2018$311,849
SANTANDER UK PLC 2.5% 03/14/2019$309,334
WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2016-2 4.1% 06/15/2021$303,818
MISSOURI HIGHER EDUCATION LOAN AUTHORITY 1.364% 01/26/2026$303,454
TENCENT HOLDINGS LTD 2% 05/02/2017$300,755
VERIZON OWNER TRUST 2016-1 1.42% 01/20/2021$300,730
ACTAVIS FUNDING SCS 1.3% 06/15/2017$300,122
CAMERON INTERNATIONAL CORP 1.15% 12/15/2016$300,058
KOREA EXPRESSWAY CORP 1.625% 04/28/2017$300,027
SANTANDER UK PLC 1.362% 03/13/2017$299,974
JPMORGAN CHASE & CO 6.3% 04/23/2019$299,395
COLONY AMERICAN HOMES 2014-1 1.685% 05/17/2031$290,348
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.42% 06/21/2021$290,237
NCUA GUARANTEED NOTES TRUST 2010-R1 0.977% 10/07/2020$290,060
WANT WANT CHINA FINANCE LTD 1.875% 05/14/2018$288,824
TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV 2.2% 07/21/2021$286,818
FORD MOTOR CREDIT CO LLC 3% 06/12/2017$282,752
TENET HEALTHCARE CORP 6.25% 11/01/2018$276,250
SEQUOIA MORTGAGE TRUST 2013-4 1.55% 04/25/2043$274,054
AMERICAN HOMES 4 RENT 2014-SFR1 1.535% 06/17/2031$273,165
FANNIE MAE CONNECTICUT AVENUE SECURITIES 2.534% 10/25/2023$263,842
EXXON MOBIL CORP 1.708% 03/01/2019$262,058
DRIVE AUTO RECEIVABLES TRUST 2016-B 1.67% 07/15/2019$259,708
CITIZENS BANK NA/PROVIDENCE RI 2.3% 12/03/2018$252,823
STRYKER CORP 2% 03/08/2019$252,444
CITIGROUP INC 1.85% 11/24/2017$250,916
DISH DBS CORP 4.625% 07/15/2017$250,206
HUNTINGTON NATIONAL BANK/THE 1.307% 04/24/2017$249,888
COMPASS BANK 1.85% 09/29/2017$249,844
ASTORIA FINANCIAL CORP 5% 06/19/2017$244,426
GOLDMAN SACHS GROUP INC/THE 2.087% 04/30/2018$242,274
BANCO DE CREDITO DEL PERU/PANAMA 2.25% 10/25/2019$241,236
CALIFORNIA EARTHQUAKE AUTHORITY 1.824% 07/01/2017$241,152
AETNA INC 1.7% 06/07/2018$240,821
WEA FINANCE LLC / WESTFIELD UK & EUROPE FINANCE PLC 1.75% 09/15/2017$240,352
EBAY INC 2.5% 03/09/2018$232,928
DRIVE AUTO RECEIVABLES TRUST 2016-B 2.56% 06/15/2020$232,145
PACCAR FINANCIAL CORP 1.45% 03/09/2018$220,900
BAXALTA INC 1.646% 06/22/2018$220,660
IHO VERWALTUNGS GMBH 4.125% 09/15/2021$205,250
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2016-2 2.87% 11/08/2021$203,914
DUKE ENERGY CORP 1.226% 04/03/2017$200,324
TSMC GLOBAL LTD 1.625% 04/03/2018$200,198
NOVELIS CORP 6.25% 08/15/2024$198,075
ALLY FINANCIAL INC 3.25% 09/29/2017$196,341
THERMO FISHER SCIENTIFIC INC 2.15% 12/14/2018$192,574
NEXTERA ENERGY CAPITAL HOLDINGS INC 1.649% 09/01/2018$190,510
TECO FINANCE INC 1.476% 04/10/2018$189,729
APPLE INC 1.7% 02/22/2019$181,661
SEQUOIA MORTGAGE TRUST 2013-1 1.45% 02/25/2043$173,784
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2 2.65% 08/17/2020$172,361
CHEVRON CORP 1.79% 11/16/2018$171,501
FORTIVE CORP 1.8% 06/15/2019$170,548
WHIRLPOOL CORP 1.65% 11/01/2017$170,502
DOMINION RESOURCES INC/VA 2.962% 07/01/2019$163,765
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 1.984% 11/25/2023$162,820
AMPHENOL CORP 1.55% 09/15/2017$160,268
CAMERON INTERNATIONAL CORP 1.4% 06/15/2017$160,196
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 1.684% 05/25/2028$159,843
GSAMP TRUST 2004-SEA2 1.184% 03/25/2034$157,441
FIDELITY NATIONAL INFORMATION SERVICES INC 2% 04/15/2018$151,287
AUTODESK INC 1.95% 12/15/2017$150,615
CAPITAL AUTO RECEIVABLES ASSET TRUST 2016-2 2.11% 03/22/2021$140,759
PACCAR FINANCIAL CORP 1.1% 06/06/2017$140,008
AES CORP/VA 3.842% 06/01/2019$139,174
SYNCHRONY FINANCIAL 1.989% 02/03/2020$137,104
KUBOTA CREDIT OWNER TRUST 2015-1 0.94% 12/15/2017$132,915
PACCAR FINANCIAL CORP 1.435% 12/06/2018$130,947
APPLE INC 1.3% 02/23/2018$130,376
IAC/INTERACTIVECORP 4.875% 11/30/2018$127,323
DIAMOND 1 FINANCE CORP / DIAMOND 2 FINANCE CORP 5.875% 06/15/2021$126,524
BAXALTA INC 2% 06/22/2018$120,634
WALGREENS BOOTS ALLIANCE INC 1.75% 11/17/2017$120,557
VENTAS REALTY LP 1.25% 04/17/2017$120,034
VERIZON COMMUNICATIONS INC 2.625% 02/21/2020$117,367
AT&T INC 5.5% 02/01/2018$115,304
SPRINGLEAF MORTGAGE LOAN TRUST 2013-2 1.78% 12/25/2065$112,810
KINDER MORGAN INC/DE 3.05% 12/01/2019$112,790
PENSKE TRUCK LEASING CO LP / PTL FINANCE CORP 2.5% 06/15/2019$111,556
KINDER MORGAN INC/DE 2% 12/01/2017$110,424
BERKSHIRE HATHAWAY INC 1.15% 08/15/2018$109,869
FANNIE MAE CONNECTICUT AVENUE SECURITIES 1.484% 05/25/2024$104,668
WM WRIGLEY JR CO 2% 10/20/2017$100,712
GREATAMERICA LEASING RECEIVABLES FUNDING LLC 1.83% 06/17/2019$100,082
GATX CORP 1.25% 03/04/2017$100,036
FREEPORT-MCMORAN INC 2.15% 03/01/2017$79,900
CAPITAL AUTO RECEIVABLES ASSET TRUST 2013-1 1.74% 10/22/2018$79,313
COCA-COLA CO/THE 0.875% 10/27/2017$75,943
SOUTHERN POWER CO 1.85% 12/01/2017$70,340
JOHNSON CONTROLS INC 1.4% 11/02/2017$70,097
FIDELITY NATIONAL INFORMATION SERVICES INC 1.45% 06/05/2017$70,091
LOCKHEED MARTIN CORP 1.85% 11/23/2018$47,473
TRANSALTA CORP 1.9% 06/03/2017$45,954
NELNET STUDENT LOAN TRUST 2014-2 0.814% 06/25/2021$41,778
SEQUOIA MORTGAGE TRUST 2012-2 3.5% 04/25/2042$12,662
FREDDIE MAC STRUCTURED AGENCY CREDIT RIS 1.584% 03/25/2025$5,982
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$16,310,479
 
Other
Holding NameMarket Value
USD$8,177,000
BRITISH POUND$-16,413
USD$-340,988
RUSSELL 2000 MINI EQUITY INDEX DEC16 (RTAZ6)$-6,734,000
 

Statistics

Portfolio Statistics As of Sep 30, 2016
Statistic3-Year5-Year
Beta0.990.98
Alpha-0.81-0.74
Standard Deviation14.9615.90
 
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, financial highlights, investment objectives and strategies, risks and performance information. The prospectus contains this and other information about the investment company. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You can obtain a prospectus, statement of additional information and other information about the Vantagepoint Funds online at www.icmarc.org/vpprospectus, by calling 800-669-7400 or emailing investorservices@icmarc.org. The Vantagepoint Funds are distributed by ICMA-RC Services LLC, a wholly owned broker-dealer subsidiary of ICMA-RC and member FINRA/SIPC.

The source for this information is Morningstar, Inc. Copyright © 2017 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.