Fund Facts  

Inception Date: Apr 5, 1999
CUSIP: 92210F257
Morningstar Category:Allocation--30% to 50% Equity

Documents for Fund or Underlying Fund(s)  

Description

Objective  

Reasonable current income and capital preservation, with modest potential for capital growth.

Principal Investment Strategies  

The Fund invests substantially all of its assets in a single underlying VT III Vantagepoint Fund. The underlying fund invests in a combination of other VT III Vantagepoint Funds to seek to obtain exposure to approximately 61% fixed income investments, 30% equity investments, and 9% multi-strategy investments. These asset allocations are referred to as “neutral targets” because they do not reflect decisions that may be made by ICMA-RC, the investment adviser to the underlying fund, to overweight or underweight a particular asset class based on market or operational factors. The neutral targets also do not reflect performance differences between the Fund’s asset class allocations that will cause temporary deviations from the neutral targets. The actual asset class allocation of the Fund may vary by as much as five percentage points as a result of ICMA-RC’s allocation decisions, performance differences between asset classes of the Fund, or some combination thereof.

Fixed Income Funds
Fund
VT III Vantagepoint Low Duration Bond Fund
VT III Vantagepoint Core Bond Index Fund
VT III Vantagepoint Inflation Focused Fund
VT III Vantagepoint High Yield Fund

Equity Funds
Fund
VT III Vantagepoint Equity Income Fund
VT III Vantagepoint Growth & Income Fund
VT III Vantagepoint Growth Fund
VT III Vantagepoint Select Value Fund
VT III Vantagepoint Aggressive Opportunities Fund
VT III Vantagepoint Discovery Fund
VT III Vantagepoint International Fund
VT III Vantagepoint Emerging Markets Fund

Multi-Strategy Fund
Fund
VT III Vantagepoint Diversifying Strategies Fund


 

Target Risk Funds: The VT Vantagepoint Model Portfolio Funds are target risk funds. Each invests substantially all of its assets in a single VT III Vantagepoint Model Portfolio Fund (“Model Portfolio Fund”) that shares its name and investment objective. In turn, each underlying Model Portfolio Fund is a “fund of funds” that invests substantially all of its assets in other VT III Vantagepoint Funds. By investing in this way, each Model Portfolio Fund is exposed to the risks as well as the potential rewards of its underlying funds and of the portfolio holdings and strategies of those funds.

The targeted allocation of each underlying Model Portfolio Fund’s assets among underlying funds and the asset classes they represent is determined by ICMA-RC, the investment adviser to the VT III Vantagepoint Funds.

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, 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, Small-Cap Securities Risk, Mid-Cap Securities Risk, Derivative Instruments Risk, Indexing Risk, Large Investor Risk.
Please see the Disclosure Memorandum for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Sep 30, 2017
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
VT Vantagepoint MP Cons Growth   2.21%7.24%7.27%4.18%5.25%4.09%N/A
Bloomberg Barclays U.S. Int Agg Bond Indexa,b0.72%2.34%0.25%2.25%1.75%3.83%N/A
Custom Benchmarkc2.12%6.63%6.60%4.73%6.35%5.18%N/A
Morningstar Allocation -- 30% to 50% Equityb,d2.36%7.36%7.04%4.06%5.30%4.38%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.

Total Expenses e
Gross Expenses0.80%
Net Expenses0.80%

 

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., © 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.

c. The custom benchmark is comprised of the Intercontinental Exchange Bank of America Merrill Lynch ("ICE BofAML") 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 Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

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, 2017
Period Stars Category Size
Overall 3 Stars395
3-Year 3 Stars395
5-Year 3 Stars356
10-Year 3 Stars257

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product 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 managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Sep 30, 2017
Equity Stylebox Fixed Income Stylebox
Large BlendMedium Limited
Allocation of Assets As of Aug 31, 2017
Type of Asset Percent
Equity34%
Fixed Income69%
Cash/Other-2%

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

 
 

Statistics

Portfolio Statistics As of Sep 30, 2017
Statistic3-Year5-Year
Beta0.981.00
Alpha-0.52-0.20
Standard Deviation4.224.33
 
 

Underlying Fund Characteristics

Allocation of Assets As of Aug 31, 2017
Asset ClassPercent
Domestic Stock25.1%
Foreign Stock8.5%
Domestic Bond56.3%
Foreign Bond9.8%
Preferred0.2%
Convertible2.3%
Cash-2.1%
Other0.1%

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

 
Fixed Income Sector As of Aug 31, 2017
SectorPercent
Corporate32.6%
Government21.8%
Securitized13.7%
Municipal0.2%
Derivative-0.1%
Cash & Equivalents-2.0%

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

 
Credit Quality As of Aug 31, 2017
Quality LevelPercent
AAA48.5%
AA4.5%
A11.7%
BBB20.5%
BB5.5%
B6.4%
Below B2.5%
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, 2017
Holding NamePercent
VT III VANTAGEPOINT LOW DURATION BOND FUND27.4%
VT III VANTAGEPOINT CORE BOND INDEX FUND16.2%
VT III VANTAGEPOINT HIGH YIELD FUND9.6%
VT III VANTAGEPOINT INFLATION FOCUSED FUND7.5%
VT III VANTAGEPOINT GROWTH & INCOME FUND7.3%
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND7.0%
VT III VANTAGEPOINT INTERNATIONAL FUND6.4%
VT III VANTAGEPOINT EQUITY INCOME FUND6.3%
VT III VANTAGEPOINT GROWTH FUND5.9%
VT III VANTAGEPOINT SELECT VALUE FUND2.6%
All Holdings As of Oct 31, 2017
Collective Trusts/Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT LOW DURATION BOND FUND$152,229,161
VT III VANTAGEPOINT CORE BOND INDEX FUND$89,899,055
VT III VANTAGEPOINT HIGH YIELD FUND$53,518,872
VT III VANTAGEPOINT INFLATION FOCUSED FUND$41,431,340
VT III VANTAGEPOINT GROWTH & INCOME FUND$40,749,342
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$39,007,485
VT III VANTAGEPOINT INTERNATIONAL FUND$35,544,930
VT III VANTAGEPOINT EQUITY INCOME FUND$35,111,251
VT III VANTAGEPOINT GROWTH FUND$32,955,913
VT III VANTAGEPOINT SELECT VALUE FUND$14,249,947
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$7,874,542
VT III VANTAGEPOINT DISCOVERY FUND$7,847,166
VT III VANTAGEPOINT EMERGING MARKETS FUND$5,286,465
All Holdings As of Sep 30, 2017
Collective Trusts/Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT LOW DURATION BOND FUND$151,513,427
VT III VANTAGEPOINT CORE BOND INDEX FUND$89,047,881
VT III VANTAGEPOINT HIGH YIELD FUND$53,282,318
VT III VANTAGEPOINT INFLATION FOCUSED FUND$40,950,795
VT III VANTAGEPOINT GROWTH & INCOME FUND$40,332,620
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$39,047,945
VT III VANTAGEPOINT EQUITY INCOME FUND$35,178,199
VT III VANTAGEPOINT INTERNATIONAL FUND$35,027,062
VT III VANTAGEPOINT GROWTH FUND$32,000,386
VT III VANTAGEPOINT SELECT VALUE FUND$14,231,358
VT III VANTAGEPOINT DISCOVERY FUND$7,947,538
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$7,814,383
VT III VANTAGEPOINT EMERGING MARKETS FUND$5,120,615
All Holdings As of Aug 31, 2017
Collective Trusts/Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT LOW DURATION BOND FUND$150,969,859
VT III VANTAGEPOINT CORE BOND INDEX FUND$89,541,127
VT III VANTAGEPOINT HIGH YIELD FUND$52,965,343
VT III VANTAGEPOINT INFLATION FOCUSED FUND$41,288,500
VT III VANTAGEPOINT GROWTH & INCOME FUND$39,838,725
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$38,608,390
VT III VANTAGEPOINT INTERNATIONAL FUND$34,950,885
VT III VANTAGEPOINT EQUITY INCOME FUND$34,485,821
VT III VANTAGEPOINT GROWTH FUND$32,295,028
VT III VANTAGEPOINT SELECT VALUE FUND$14,048,823
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$7,759,949
VT III VANTAGEPOINT DISCOVERY FUND$7,702,752
VT III VANTAGEPOINT EMERGING MARKETS FUND$5,257,288
All Holdings As of Jul 31, 2017
Collective Trusts/Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT LOW DURATION BOND FUND$151,384,506
VT III VANTAGEPOINT CORE BOND INDEX FUND$89,835,877
VT III VANTAGEPOINT HIGH YIELD FUND$53,388,600
VT III VANTAGEPOINT INFLATION FOCUSED FUND$41,265,531
VT III VANTAGEPOINT GROWTH & INCOME FUND$40,088,268
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$38,513,777
VT III VANTAGEPOINT INTERNATIONAL FUND$35,365,570
VT III VANTAGEPOINT EQUITY INCOME FUND$34,875,270
VT III VANTAGEPOINT GROWTH FUND$31,972,262
VT III VANTAGEPOINT SELECT VALUE FUND$14,000,975
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$7,749,539
VT III VANTAGEPOINT DISCOVERY FUND$7,681,519
VT III VANTAGEPOINT EMERGING MARKETS FUND$5,067,476
 
Other
Holding NameMarket Value
USD$203

Footnotes

1.

Before investing in the Fund you should carefully consider your investment goals, tolerance for risk, investment time horizon, and personal circumstances. There is no guarantee that the Fund will meet its investment objective and you can lose money.

2.

The Fund is an investment option of VantageTrust, a group trust established and maintained by VantageTrust Company, LLC, a wholly owned subsidiary of ICMA-RC. VantageTrust provides for the commingling of assets of certain trusts and plans as described in its Declaration of Trust, and is only available for investment by such eligible trusts and plans. The Fund is not a mutual fund. Its units are not deposits of VantageTrust Company and are not insured by the Federal Deposit Insurance Corporation or any other agency. The Fund is a security that has not been registered under the Securities Act of 1933 and is exempt from investment company registration under the Investment Company Act of 1940. For additional information regarding the Fund, including a description of the principal risks, please consult the VantageTrust Funds Disclosure Memorandum, which is available when you log in at www.icmarc.org, or upon request by calling 800-669-7400.

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.