Fund Facts  

Inception Date: Oct 1, 2000
Ticker Symbol: VPAGX
Morningstar Category:World Stock
As of Mar 31, 2016
Fund Net Assets ($millions) $876

Description

Objective  

To offer high long-term capital growth.

Principal Investment Strategies  

The Fund invests, under normal circumstances, 100% of its net assets in equity Funds by investing in a combination of other Vantagepoint Funds and one or more third party exchange-traded funds (“ETFs”) whose assets are invested, under normal circumstances, at least 80% in equity securities (common and preferred stock) or instruments that provide equity exposure. The Fund expects to have significant exposure to non-U.S. securities.

This investment strategy is implemented by investing in the following funds at target allocations within the ranges indicated:

Equity Fund:
FundAllocation Range:
Vantagepoint Equity Income Fund6% - 16%
Vantagepoint Growth & Income Fund7% - 17%
Vantagepoint Growth Fund7% - 17%
Vantagepoint Select Value Fund3% - 13%
Vantagepoint Aggressive Opportunities Fund3% - 13%
Vantagepoint Discovery Fund0% - 9%
Vantagepoint International Fund24% - 34%
Vantagepoint Overseas Equity Index Fund10% - 20%
Third Party Emerging Markets ETF0% - 5%



The Fund’s investment adviser monitors the Fund’s allocations and will “rebalance” its portfolio as necessary to return the Fund to, or close to, the intended allocations. The Fund’s investment adviser may, at its discretion, change the target allocations within the ranges set forth above, subject to the supervision of the Fund’s Board of Directors.

All percentages referred to above are based on the Fund’s net assets. The Fund invests in T Shares of the underlying Vantagepoint Funds.

The significant allocation to equity securities through the underlying Funds in which this Model Portfolio Fund invests, means the Model Portfolio Global Equity Growth Fund should be considered an aggressive investment. It may be an appropriate investment if you are an aggressive investor seeking the opportunity for capital appreciation; intend to invest for the long term (10 years or more); are seeking to maximize principal growth without regard to current income; and are willing to accept losses, which may be substantial, with the possibility that short-term losses may be recovered over longer investment periods.

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, Investing in Other Investment Companies, ETF Risks, Stock Market Risk, Foreign Securities Risk, Emerging Markets Securities Risk, Small-Cap Securities Risk, Mid-Cap Securities Risk, Preferred Stock Risk, Equity Income/Interest Rate Risk, Indexing Risk.
Please see the Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Mar 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Vantagepoint MP Glbl Eqty Gr   -0.23%-0.23%-6.53%6.41%6.85%4.79%N/A
MSCI ACWI Index (Net)a,b0.24%0.24%-4.34%5.54%5.22%4.08%N/A
S&P 500 Indexa,c1.35%1.35%1.78%11.82%11.58%7.01%N/A
Model Global Equity Growth Custom Bmkd0.56%0.56%-3.53%8.34%8.55%6.07%N/A
Former Model Global Equity Growth Custom Bmk.e-0.56%-0.56%-3.45%8.76%9.04%5.69%N/A
Morningstar World Stocka,f0.10%0.10%-4.46%5.67%5.48%4.13%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   0.93%

 

a. Returns and/or expenses provided by Morningstar, Inc. Copyright © 2016. 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. ICMA-RC does not independently verify Morningstar data.

b. The MSCI All Country World Index (Net) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of large and mid-cap segments of developed and emerging markets. The net version of this index reinvests dividends after the deduction of withholding taxes, using a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.

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

d. The custom benchmark is comprised of the 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.

e. The custom benchmark is composed of market indexes that reflect the general performance of the primary asset classes in which the Fund invests, in weighted percentages that correspond to the historical target allocation to those asset classes for the Fund. Those asset class benchmarks are the S&P 500 Index and the MSCI EAFE Index (Net). Should the target allocations for the Fund between those asset classes change, the percentage allocations to the corresponding indexes will also change when calculating the custom benchmark.

f. 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 31, 2015Dec 31, 2015$3.198359000
Dec 31, 2014Dec 31, 2014$2.474884000
Dec 31, 2013Dec 31, 2013$0.968179000
Dec 31, 2012Dec 31, 2012$0.339553000
Dec 30, 2011Dec 30, 2011$0.281188000
 

Morningstar Information

Morningstar Rating   As of Mar 31, 2016
Period Stars Category Size
Overall 4 Stars991
3-Year 3 Stars991
5-Year 4 Stars774
10-Year 4 Stars421

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 Mar 31, 2016
Equity Stylebox
Large Blend
Allocation of Assets As of Feb 29, 2016
Type of Asset Percent
Equity96%
Fixed Income2%
Cash/Other2%

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

 
 

Characteristics

Allocation of Assets As of Feb 29, 2016
Asset ClassPercent
Domestic Stock49.1%
Foreign Stock47.4%
Domestic Bond1.4%
Foreign Bond0.1%
Preferred0.0%
Convertible0.0%
Cash1.9%
Other0.1%

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

 
Fixed Income Sector As of Feb 29, 2016
SectorPercent
Cash & Equivalents1.7%
Corporate0.8%
Government0.5%
Securitized0.3%
Derivative0.2%

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

 
Top Ten Holdings As of Apr 30, 2016
Holding NamePercent
VANTAGEPOINT INTERNATIONAL FUND29.0%
VANTAGEPOINT OVERSEAS EQUITY INDEX FUND15.0%
VANTAGEPOINT GROWTH FUND13.3%
VANTAGEPOINT GROWTH & INCOME FUND12.0%
VANTAGEPOINT EQUITY INCOME FUND9.6%
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND7.8%
VANTAGEPOINT SELECT VALUE FUND7.8%
VANTAGEPOINT DISCOVERY FUND3.5%
VANGUARD FTSE EMERGING MARKETS ETF1.9%
FIDELITY INSTITUTIONAL MONEY MARKET0.0%
All Holdings As of Apr 30, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$16,984,713
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT INTERNATIONAL FUND$255,573,534
VANTAGEPOINT OVERSEAS EQUITY INDEX FUND$132,192,959
VANTAGEPOINT GROWTH FUND$116,911,842
VANTAGEPOINT GROWTH & INCOME FUND$105,996,497
VANTAGEPOINT EQUITY INCOME FUND$84,228,592
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$68,883,739
VANTAGEPOINT SELECT VALUE FUND$68,558,204
VANTAGEPOINT DISCOVERY FUND$31,099,723
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$182,767
All Holdings As of Mar 31, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$17,405,843
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT INTERNATIONAL FUND$253,603,643
VANTAGEPOINT OVERSEAS EQUITY INDEX FUND$130,206,875
VANTAGEPOINT GROWTH FUND$118,379,499
VANTAGEPOINT GROWTH & INCOME FUND$105,167,359
VANTAGEPOINT EQUITY INCOME FUND$83,377,256
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$68,292,921
VANTAGEPOINT SELECT VALUE FUND$68,284,934
VANTAGEPOINT DISCOVERY FUND$30,893,898
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$172,826
All Holdings As of Feb 29, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$15,544,771
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT INTERNATIONAL FUND$236,417,587
VANTAGEPOINT OVERSEAS EQUITY INDEX FUND$122,078,440
VANTAGEPOINT GROWTH FUND$111,396,950
VANTAGEPOINT GROWTH & INCOME FUND$98,301,976
VANTAGEPOINT EQUITY INCOME FUND$78,129,379
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$64,732,372
VANTAGEPOINT SELECT VALUE FUND$64,010,003
VANTAGEPOINT DISCOVERY FUND$29,605,816
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$160,673
All Holdings As of Jan 31, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$15,595,356
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT INTERNATIONAL FUND$243,535,856
VANTAGEPOINT OVERSEAS EQUITY INDEX FUND$124,956,330
VANTAGEPOINT GROWTH FUND$110,663,511
VANTAGEPOINT GROWTH & INCOME FUND$99,736,014
VANTAGEPOINT EQUITY INCOME FUND$79,057,245
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$63,562,646
VANTAGEPOINT SELECT VALUE FUND$63,292,263
VANTAGEPOINT DISCOVERY FUND$28,501,142
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$152,859
 

Statistics

Portfolio Statistics As of Mar 31, 2016
Statistic3-Year5-Year
Beta0.960.96
Alpha1.081.74
Standard Deviation11.8413.48
 
 

Underlying Funds

Underlying Funds  
Vantagepoint Equity Income Fund
Investment Objective: To offer long-term capital growth with consistency derived from dividend yield.
Vantagepoint Growth & Income Fund
Investment Objective: To offer long-term capital growth and current income.
Vantagepoint Growth Fund
Investment Objective: To offer long-term capital growth.
Vantagepoint Select Value Fund
Investment Objective: To offer long-term growth from dividend income and capital appreciation.
Vantagepoint Aggressive Opportunities Fund
Investment Objective: To offer high long-term capital appreciation.
Vantagepoint Discovery Fund
Investment Objective: To offer long-term capital growth.
Vantagepoint International Fund
Investment Objective: To offer long-term capital growth and diversification by country.
Vantagepoint Overseas Equity Index Fund
Investment Objective: To offer long-term capital growth and diversification by approximating the performance of the MSCI Europe Australasia Far East (EAFE) Index (Net).
Vanguard FTSE Emerging Markets ETF Shares
Investment Objective: See Prospectus
 
 

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.

2.

Effective August 25, 2015, the Vantagepoint Model Portfolio All-Equity Growth Fund is now known as the Vantagepoint Model Portfolio Global Equity Growth Fund.

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.