Fund Facts  

Inception Date: Apr 5, 1999
CUSIP: 92210F190
Morningstar Category:Allocation--50% to 70% Equity

Documents for Fund or Underlying Fund(s)  

Description

Objective  

Moderate capital growth and reasonable current income.

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 and one or more third party exchange-traded funds (“ETFs”) to seek to obtain exposure to approximately 34% fixed income investments, 54% equity investments, and 12% 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
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, Stock Market Risk, Foreign Securities Risk, Emerging Markets Securities Risk, Small-Cap Securities Risk, Mid-Cap Securities Risk, Equity Income/Interest Rate Risk, Convertible Securities Risk, High Yield Securities Risk, Interest Rate Risk, Credit Risk, Mortgage-Backed Securities Risk, Asset-Backed Securities Risk, Prepayment and Extension Risk, U.S. Government Agency 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 Jun 30, 2017
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
VT Vantagepoint MP Trad Growth   2.90%7.43%12.10%4.06%7.93%4.72%N/A
S&P 500 Indexa,b3.09%9.34%17.90%9.61%14.63%7.18%N/A
Custom Benchmarkc2.56%6.78%11.18%5.62%9.29%5.91%N/A
Morningstar Allocation -- 50% to 70% Equityb,d2.35%6.30%10.67%4.00%7.97%4.89%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 Expensese0.82%

 

a. The S&P 500 Index consists of 500 companies representing larger capitalization stocks traded in the U.S.

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 Jun 30, 2017
Period Stars Category Size
Overall 3 Stars727
3-Year 3 Stars727
5-Year 3 Stars653
10-Year 3 Stars429

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 Jun 30, 2017
Equity Stylebox Fixed Income Stylebox
Large BlendMedium Limited
Allocation of Assets As of May 31, 2017
Type of Asset Percent
Equity59%
Fixed Income48%
Cash/Other-7%

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

 
 

Statistics

Portfolio Statistics As of Jun 30, 2017
Statistic3-Year5-Year
Beta1.051.05
Alpha-0.27-0.19
Standard Deviation6.866.41
 
 

Underlying Fund Characteristics

Allocation of Assets As of May 31, 2017
Asset ClassPercent
Domestic Stock44.3%
Foreign Stock14.7%
Domestic Bond38.1%
Foreign Bond6.4%
Preferred0.2%
Convertible3.4%
Cash-7.2%
Other0.2%

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

 
Fixed Income Sector As of May 31, 2017
SectorPercent
Corporate23.8%
Government15.0%
Securitized8.9%
Municipal0.1%
Derivative-0.2%
Cash & Equivalents-7.0%

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

 
Credit Quality As of May 31, 2017
Quality LevelPercent
AAA49.5%
AA5.6%
A13.0%
BBB20.3%
BB4.7%
B4.7%
Below B2.0%
Not Rated0.3%

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

 
Top Ten Holdings As of Jun 30, 2017
Holding NamePercent
VT III VANTAGEPOINT CORE BOND INDEX FUND15.8%
VT III VANTAGEPOINT GROWTH & INCOME FUND13.4%
VT III VANTAGEPOINT INTERNATIONAL FUND11.2%
VT III VANTAGEPOINT GROWTH FUND10.7%
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND10.0%
VT III VANTAGEPOINT EQUITY INCOME FUND9.8%
VT III VANTAGEPOINT LOW DURATION BOND FUND9.6%
VT III VANTAGEPOINT HIGH YIELD FUND4.9%
VT III VANTAGEPOINT SELECT VALUE FUND4.6%
VT III VANTAGEPOINT INFLATION FOCUSED FUND3.3%
All Holdings As of Jun 30, 2017
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$22,060,449
 
Collective Trusts/Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT CORE BOND INDEX FUND$249,158,499
VT III VANTAGEPOINT GROWTH & INCOME FUND$210,021,513
VT III VANTAGEPOINT INTERNATIONAL FUND$175,311,727
VT III VANTAGEPOINT GROWTH FUND$168,504,477
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$157,629,308
VT III VANTAGEPOINT EQUITY INCOME FUND$154,442,059
VT III VANTAGEPOINT LOW DURATION BOND FUND$151,142,279
VT III VANTAGEPOINT HIGH YIELD FUND$76,559,115
VT III VANTAGEPOINT SELECT VALUE FUND$71,490,160
VT III VANTAGEPOINT INFLATION FOCUSED FUND$52,116,650
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$48,364,702
VT III VANTAGEPOINT DISCOVERY FUND$33,404,161
VT III VANTAGEPOINT EMERGING MARKETS FUND$2,657,924
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$201,875
BLACKROCK TEMP FUND$125,352
 
Other
Holding NameMarket Value
USD$-76,523
All Holdings As of May 31, 2017
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$24,529,554
 
Collective Trusts/Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT CORE BOND INDEX FUND$249,207,906
VT III VANTAGEPOINT GROWTH & INCOME FUND$211,805,830
VT III VANTAGEPOINT INTERNATIONAL FUND$181,015,925
VT III VANTAGEPOINT GROWTH FUND$173,743,349
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$155,718,891
VT III VANTAGEPOINT EQUITY INCOME FUND$153,541,264
VT III VANTAGEPOINT LOW DURATION BOND FUND$150,796,809
VT III VANTAGEPOINT HIGH YIELD FUND$76,631,753
VT III VANTAGEPOINT SELECT VALUE FUND$71,021,701
VT III VANTAGEPOINT INFLATION FOCUSED FUND$52,402,285
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$48,714,744
VT III VANTAGEPOINT DISCOVERY FUND$32,688,031
 
Short-Term/Cash
Holding NameMarket Value
BLACKROCK TEMP FUND$170,542
FIDELITY INSTITUTIONAL MONEY MARKET$170,542
 
Other
Holding NameMarket Value
USD$-87,322
All Holdings As of Apr 30, 2017
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$24,734,471
 
Collective Trusts/Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT CORE BOND INDEX FUND$245,853,422
VT III VANTAGEPOINT GROWTH & INCOME FUND$209,632,965
VT III VANTAGEPOINT INTERNATIONAL FUND$177,521,528
VT III VANTAGEPOINT GROWTH FUND$170,407,130
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$156,003,062
VT III VANTAGEPOINT EQUITY INCOME FUND$153,208,342
VT III VANTAGEPOINT LOW DURATION BOND FUND$150,082,443
VT III VANTAGEPOINT HIGH YIELD FUND$75,698,773
VT III VANTAGEPOINT SELECT VALUE FUND$70,863,726
VT III VANTAGEPOINT INFLATION FOCUSED FUND$52,037,326
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$48,479,485
VT III VANTAGEPOINT DISCOVERY FUND$33,333,436
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$125,569
BLACKROCK TEMP FUND$125,557
All Holdings As of Mar 31, 2017
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$24,354,318
 
Collective Trusts/Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT CORE BOND INDEX FUND$243,244,612
VT III VANTAGEPOINT GROWTH & INCOME FUND$207,390,971
VT III VANTAGEPOINT INTERNATIONAL FUND$175,154,273
VT III VANTAGEPOINT GROWTH FUND$167,470,332
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$154,832,642
VT III VANTAGEPOINT EQUITY INCOME FUND$152,703,446
VT III VANTAGEPOINT LOW DURATION BOND FUND$149,902,580
VT III VANTAGEPOINT HIGH YIELD FUND$75,182,588
VT III VANTAGEPOINT SELECT VALUE FUND$70,611,066
VT III VANTAGEPOINT INFLATION FOCUSED FUND$51,484,446
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$48,100,223
VT III VANTAGEPOINT DISCOVERY FUND$32,964,496
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$134,990
BLACKROCK TEMP FUND$134,990

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.