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 Vantagepoint Funds and one or more third party exchange-traded funds (“ETFs”) to seek to obtain exposure to approximately 61% fixed income investments, 30% equity investments, and 9% 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”).

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
Third Party Emerging Markets ETF

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 and one or more third party ETFs. 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, 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, Small-Cap 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 Mar 31, 2017
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
VT Vantagepoint MP Cons Growth   2.89%2.89%7.57%3.08%4.78%4.18%N/A
Bloomberg Barclays U.S. Int Agg Bond Indexa,b0.68%0.68%0.35%2.25%1.95%3.91%N/A
Custom Benchmarkc2.64%2.64%6.27%4.28%6.12%5.35%N/A
Morningstar Allocation -- 30% to 50% Equityb,d2.99%2.99%8.03%3.25%5.13%4.25%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 Expensese0.79%

 

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 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 Mar 31, 2017
Period Stars Category Size
Overall 3 Stars408
3-Year 3 Stars408
5-Year 3 Stars350
10-Year 3 Stars243

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 Mar 31, 2017
Equity Stylebox Fixed Income Stylebox
Large BlendMedium Limited
Allocation of Assets As of Feb 28, 2017
Type of Asset Percent
Equity34%
Fixed Income71%
Cash/Other-5%

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

 
 

Statistics

Portfolio Statistics As of Mar 31, 2017
Statistic3-Year5-Year
Beta0.981.00
Alpha-0.49-0.24
Standard Deviation4.544.67
 
 

Underlying Fund Characteristics

Allocation of Assets As of Feb 28, 2017
Asset ClassPercent
Domestic Stock25.9%
Foreign Stock8.1%
Domestic Bond58.6%
Foreign Bond9.5%
Preferred0.2%
Convertible2.5%
Cash-4.7%
Other0.0%

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

 
Fixed Income Sector As of Feb 28, 2017
SectorPercent
Corporate33.0%
Government24.0%
Securitized13.3%
Municipal0.3%
Derivative0.0%
Cash & Equivalents-4.7%

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

 
Credit Quality As of Feb 28, 2017
Quality LevelPercent
AAA49.1%
AA5.5%
A11.1%
BBB19.1%
BB5.5%
B5.8%
Below B2.8%
Not Rated1.3%

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

 
Top Ten Holdings As of May 31, 2017
Holding NamePercent
VT III VANTAGEPOINT LOW DURATION BOND FUND27.4%
VT III VANTAGEPOINT CORE BOND INDEX FUND16.3%
VT III VANTAGEPOINT HIGH YIELD FUND9.7%
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 FUND6.5%
VT III VANTAGEPOINT EQUITY INCOME FUND6.3%
VT III VANTAGEPOINT GROWTH FUND5.9%
VT III VANTAGEPOINT SELECT VALUE FUND2.6%
All Holdings As of May 31, 2017
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$4,774,728
 
Collective Trusts/Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT LOW DURATION BOND FUND$150,131,163
VT III VANTAGEPOINT CORE BOND INDEX FUND$89,338,694
VT III VANTAGEPOINT HIGH YIELD FUND$53,018,014
VT III VANTAGEPOINT INFLATION FOCUSED FUND$40,981,682
VT III VANTAGEPOINT GROWTH & INCOME FUND$40,084,535
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$38,129,917
VT III VANTAGEPOINT INTERNATIONAL FUND$35,315,110
VT III VANTAGEPOINT EQUITY INCOME FUND$34,479,143
VT III VANTAGEPOINT GROWTH FUND$32,424,656
VT III VANTAGEPOINT SELECT VALUE FUND$13,970,309
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$7,722,330
VT III VANTAGEPOINT DISCOVERY FUND$7,576,737
 
Short-Term/Cash
Holding NameMarket Value
BLACKROCK TEMP FUND$40,450
FIDELITY INSTITUTIONAL MONEY MARKET$40,450
 
Other
Holding NameMarket Value
USD$-31,800
All Holdings As of Apr 30, 2017
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$4,915,429
 
Collective Trusts/Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT LOW DURATION BOND FUND$149,269,920
VT III VANTAGEPOINT CORE BOND INDEX FUND$88,454,479
VT III VANTAGEPOINT HIGH YIELD FUND$52,626,253
VT III VANTAGEPOINT INFLATION FOCUSED FUND$40,755,645
VT III VANTAGEPOINT GROWTH & INCOME FUND$39,936,562
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$38,253,635
VT III VANTAGEPOINT INTERNATIONAL FUND$35,283,377
VT III VANTAGEPOINT EQUITY INCOME FUND$34,514,340
VT III VANTAGEPOINT GROWTH FUND$32,189,670
VT III VANTAGEPOINT SELECT VALUE FUND$13,938,767
VT III VANTAGEPOINT DISCOVERY FUND$7,726,420
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$7,714,238
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$31,770
BLACKROCK TEMP FUND$31,767
All Holdings As of Mar 31, 2017
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$4,839,882
 
Collective Trusts/Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT LOW DURATION BOND FUND$148,657,195
VT III VANTAGEPOINT CORE BOND INDEX FUND$88,164,900
VT III VANTAGEPOINT HIGH YIELD FUND$52,374,462
VT III VANTAGEPOINT INFLATION FOCUSED FUND$40,574,924
VT III VANTAGEPOINT GROWTH & INCOME FUND$39,454,212
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$37,954,953
VT III VANTAGEPOINT INTERNATIONAL FUND$35,056,729
VT III VANTAGEPOINT EQUITY INCOME FUND$34,233,454
VT III VANTAGEPOINT GROWTH FUND$31,686,102
VT III VANTAGEPOINT SELECT VALUE FUND$13,834,789
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$7,637,705
VT III VANTAGEPOINT DISCOVERY FUND$7,601,749
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$38,662
BLACKROCK TEMP FUND$38,662
All Holdings As of Feb 28, 2017
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$4,714,377
 
Collective Trusts/Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT LOW DURATION BOND FUND$148,081,018
VT III VANTAGEPOINT CORE BOND INDEX FUND$87,841,949
VT III VANTAGEPOINT HIGH YIELD FUND$52,702,604
VT III VANTAGEPOINT INFLATION FOCUSED FUND$40,390,172
VT III VANTAGEPOINT GROWTH & INCOME FUND$40,052,917
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$37,924,988
VT III VANTAGEPOINT INTERNATIONAL FUND$34,618,270
VT III VANTAGEPOINT EQUITY INCOME FUND$34,506,017
VT III VANTAGEPOINT GROWTH FUND$31,993,881
VT III VANTAGEPOINT SELECT VALUE FUND$14,020,636
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$7,706,471
VT III VANTAGEPOINT DISCOVERY FUND$7,640,617
 
Short-Term/Cash
Holding NameMarket Value
BLACKROCK TEMP FUND$41,207
FIDELITY INSTITUTIONAL MONEY MARKET$41,207
 
Other
Holding NameMarket Value
USD$-33,600

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.

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.

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.