Fund Facts  

Inception Date: Jan 3, 2005
Morningstar Category:Target-Date Retirement

Documents for Fund or Underlying Fund(s)  

Description

Objective  

Current income and opportunities for capital growth that have limited risk.

Principal Investment Strategies  

The underlying fund invests in a combination of other VT III Vantagepoint Funds and one or more third party exchange-traded funds (“ETFs”) to seek to obtain exposure to approximately 63% fixed income investments, 30% equity investments, and 7% multi-strategy investments. Multi-strategy investments generally include asset classes and strategies that seek to provide additional diversification from traditional stocks and bonds. Examples may include convertible securities, derivative-based strategies, and real estate investment trusts (“REITs”), among others.

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 Asset Allocation Risk, Fund of Funds Risk, ETF Risks, Interest Rate Risk, Credit Risk, Convertible Securities Risk, High Yield Securities Risk, Mortgage-Backed Securities Risk, Asset-Backed Securities Risk, Prepayment and Extension Risk, U.S. Government Agency Securities Risk, Stock Market Risk, Foreign Securities Risk, Emerging Markets Securities Risk, Mid-Cap Securities Risk, Derivative Instruments Risk, Indexing Risk, Large Investor Risk.
Please see the Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Sep 30, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
VT Vantagepoint MS Ret Inc   2.45%5.94%6.97%3.35%4.91%3.94%N/A
Bloomberg Barclays U.S. Intermediate Aggregate Bond Indexa,b0.31%4.10%3.57%3.09%2.56%4.34%N/A
Custom Benchmarkc2.01%5.69%7.47%4.80%6.55%5.05%N/A
Morningstar Target-Date Retirementb,d2.09%6.07%7.04%3.64%5.16%3.96%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.

Total Expenses
Total Expensese0.80%

 

a. The Bloomberg Barclays U.S. Intermediate Aggregate Bond Index consists of investment-grade U.S. fixed income securities with maturities of 1 to 10 years.

b. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2016 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.

c. The custom benchmark is comprised of the BofA Merrill Lynch 1-3 Year US Corporate & Government Index, Bloomberg Barclays U.S. Aggregate Bond Index, Bloomberg Barclays U.S. Treasury Inflation-Linked Bond Index (Series-L), S&P 500 Index, Russell 2000® Index, and MSCI ACWI ex USA Index (Net) in weighted percentages that correspond to the historical target allocations for the asset classes these indexes represent.

d. 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.

e. VantageTrust Funds invest either in collective investment funds or underlying registered funds. Please refer to the underlying fund's disclosure documents for additional information on fund fees and expenses.

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2016
Period Stars Category Size
Overall 3 Stars157
3-Year 2 Stars157
5-Year 3 Stars138
10-Year 3 Stars70

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 Sep 30, 2016
Equity Stylebox Fixed Income Stylebox
Large BlendMedium Moderate
Allocation of Assets As of Aug 31, 2016
Type of Asset Percent
Equity32%
Fixed Income65%
Cash/Other3%

Due to rounding, percentages shown may not add up to 100%.

 
 

Statistics

Portfolio Statistics As of Sep 30, 2016
Statistic3-Year5-Year
Beta1.020.91
Alpha-0.59-0.30
Standard Deviation4.324.29
 
 

Underlying Fund Characteristics

Allocation of Assets As of Aug 31, 2016
Asset ClassPercent
Domestic Stock22.8%
Foreign Stock8.9%
Domestic Bond55.1%
Foreign Bond7.9%
Preferred0.2%
Convertible2.2%
Cash2.8%
Other0.0%

Due to rounding, percentages shown may not add up to 100%.

 
Fixed Income Sector As of Aug 31, 2016
SectorPercent
Corporate25.0%
Government24.7%
Securitized15.2%
Cash & Equivalents2.8%
Municipal0.2%
Derivative0.0%

Exposure reflects fixed income securities only and will sum to the fixed income exposure of the fund.

 
Credit Quality As of Aug 31, 2016
Quality LevelPercent
AAA56.8%
AA4.6%
A10.1%
BBB18.2%
BB3.8%
B4.3%
Below B2.0%
Not Rated0.4%

Due to rounding, percentages shown may not add up to 100%. Exposure reflects fixed income securities only.

 
Top Ten Holdings As of Oct 31, 2016
Holding NamePercent
VT III VANTAGEPOINT LOW DURATION BOND FUND26.4%
VT III VANTAGEPOINT CORE BOND INDEX FUND20.6%
VT III VANTAGEPOINT INFLATION FOCUSED FUND10.5%
VT III VANTAGEPOINT GROWTH & INCOME FUND8.3%
VT III VANTAGEPOINT INTERNATIONAL FUND6.8%
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND6.5%
VT III VANTAGEPOINT EQUITY INCOME FUND6.4%
VT III VANTAGEPOINT HIGH YIELD FUND5.6%
VT III VANTAGEPOINT GROWTH FUND3.7%
VT III VANTAGEPOINT MID/SMALL COMPANY INDEX FUND2.9%
All Holdings As of Oct 31, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$3,406,938
 
Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT LOW DURATION BOND FUND$72,380,730
VT III VANTAGEPOINT CORE BOND INDEX FUND$56,553,629
VT III VANTAGEPOINT INFLATION FOCUSED FUND$28,835,270
VT III VANTAGEPOINT GROWTH & INCOME FUND$22,820,031
VT III VANTAGEPOINT INTERNATIONAL FUND$18,564,688
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$17,708,555
VT III VANTAGEPOINT EQUITY INCOME FUND$17,443,451
VT III VANTAGEPOINT HIGH YIELD FUND$15,314,098
VT III VANTAGEPOINT GROWTH FUND$10,184,102
VT III VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$7,852,815
VT III VANTAGEPOINT SELECT VALUE FUND$957,097
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$954,755
VT III VANTAGEPOINT DISCOVERY FUND$947,298
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$83,311
All Holdings As of Sep 30, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$3,396,108
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT LOW DURATION BOND FUND$72,786,268
VANTAGEPOINT CORE BOND INDEX FUND$57,328,354
VANTAGEPOINT INFLATION FOCUSED FUND$29,397,156
VANTAGEPOINT GROWTH & INCOME FUND$23,598,769
VANTAGEPOINT INTERNATIONAL FUND$19,080,007
VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$18,248,051
VANTAGEPOINT EQUITY INCOME FUND$17,904,232
VANTAGEPOINT HIGH YIELD FUND$15,654,610
VANTAGEPOINT GROWTH FUND$10,599,832
VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$8,187,192
VANTAGEPOINT SELECT VALUE FUND$991,143
VANTAGEPOINT DISCOVERY FUND$988,289
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$984,637
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$79,928
 
Other
Holding NameMarket Value
USD$250,000
All Holdings As of Aug 31, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$3,626,685
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT LOW DURATION BOND FUND$75,075,579
VANTAGEPOINT CORE BOND INDEX FUND$58,741,692
VANTAGEPOINT INFLATION FOCUSED FUND$29,942,246
VANTAGEPOINT GROWTH & INCOME FUND$23,782,883
VANTAGEPOINT INTERNATIONAL FUND$19,337,480
VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$18,522,100
VANTAGEPOINT EQUITY INCOME FUND$18,064,101
VANTAGEPOINT HIGH YIELD FUND$15,915,200
VANTAGEPOINT GROWTH FUND$10,674,784
VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$8,255,740
VANTAGEPOINT SELECT VALUE FUND$997,121
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$996,188
VANTAGEPOINT DISCOVERY FUND$995,232
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$56,604
All Holdings As of Jul 31, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$3,729,928
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT LOW DURATION BOND FUND$76,869,784
VANTAGEPOINT CORE BOND INDEX FUND$60,230,422
VANTAGEPOINT INFLATION FOCUSED FUND$30,729,193
VANTAGEPOINT GROWTH & INCOME FUND$24,354,158
VANTAGEPOINT INTERNATIONAL FUND$20,009,644
VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$19,007,560
VANTAGEPOINT EQUITY INCOME FUND$18,444,943
VANTAGEPOINT HIGH YIELD FUND$16,216,190
VANTAGEPOINT GROWTH FUND$10,897,450
VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$8,489,647
VANTAGEPOINT DISCOVERY FUND$1,024,494
VANTAGEPOINT SELECT VALUE FUND$1,012,535
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$1,003,738
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$59,070
 
Other
Holding NameMarket Value
USD$317,963

Footnotes

1.

Please read Making Sound Investment Decisions: A Retirement Investment Guide and the accompanying VantageTrust Fund Fees and Expenses document ("Guide") carefully for a complete summary of all fees, expenses, investment objectives and strategies, and risks before investing. For a current Guide, contact ICMA-RC by calling 800-669-7400 or log into your account at www.icmarc.org.

2.

The Fund is not a complete solution for all of your retirement savings needs. An investment in the Fund includes the risk of loss, including near, at or after the target date of the Fund. There is no guarantee that the Fund will provide adequate income at and through an investor's retirement.

The source for this information is Morningstar, Inc. Copyright © 2016 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.