Fund Facts  

Inception Date: Jan 4, 2016
Ticker Symbol: VPRGX
Registration Date: Dec 31, 2015
Morningstar Category:Target-Date 2055
As of
Fund Net Assets ($millions) $1

Documents for Fund or Underlying Fund(s)  

Description

Objective  

To offer high total return consistent with the Fund’s current asset allocation.

Principal Investment Strategies  

The Fund invests in a combination of other Vantagepoint Funds and one or more third party exchange-traded funds (“ETFs”) using an asset allocation strategy designed for investors who expect to begin making gradual withdrawals from the Fund, typically at or after retirement (assumed to occur at age 60), in or around the year 2055. The Fund invests in a combination of equity, fixed income, and multi-strategy investments that the Fund’s investment adviser believes to be appropriate. 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. As time elapses, the Fund’s allocation to equity and multi-strategy investments decreases and the Fund’s allocation to fixed income investments increases so that by June 30 of the year 2065 (10 years after the year indicated in the Fund’s name), the Fund’s net assets will be invested approximately 30% in equity funds, 63% in fixed income funds, and 7% in the multi-strategy fund.

The Fund’s allocations will change over time. The Fund invests in the following funds at target allocations within the current ranges indicated:

Fixed Income Fund:
FundAllocation Range:
Vantagepoint High Yield Fund0% - 6%

Equity Fund:
FundAllocation Range:
Vantagepoint Equity Income Fund19% - 29%
Vantagepoint Growth & Income Fund6% - 16%
Vantagepoint Growth Fund9% - 19%
Vantagepoint Select Value Fund0% - 6%
Vantagepoint Mid/Small Company Index Fund5% - 15%
Vantagepoint Aggressive Opportunities Fund0% - 6%
Vantagepoint Discovery Fund0% - 6%
Vantagepoint International Fund12% - 22%
Third Party Emerging Markets ETF0% - 5%

Multi-Strategy Fund:
FundAllocation Range:
Vantagepoint Diversifying Strategies Fund10% - 20%



Subject to the supervision of the Fund’s Board of Directors, the Fund’s investment adviser may, at its discretion, increase or decrease the target allocations to the underlying funds. 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 asset allocation.

The Fund is designed to “age” so that its asset allocation becomes more conservative over time until it achieves a final constant asset allocation approximately 10 years after the year 2055. This is intended to reduce investment risk as investors move towards and into retirement.

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

This Fund may be appropriate for you if you plan to begin making gradual withdrawals from the Fund, typically at or after your retirement, in or around the year 2055.

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. Selecting the Fund (or any Vantagepoint Fund) does not guarantee that you will have adequate savings for retirement.

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, High Yield Securities Risk, Small-Cap Securities Risk, Mid-Cap Securities Risk, Equity Income/Interest Rate Risk, Interest Rate Risk, Credit Risk, Asset-Backed Securities Risk, Convertible Securities Risk, Indexing Risk, Derivative Instruments Risk.
Please see the Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Jun 30, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Vantagepoint Milestone 2055   1.59%2.30%N/AN/AN/AN/A2.30%
S&P 500 Indexa,b3.85%7.84%15.43%11.16%16.37%7.24%N/A
Custom Benchmarkc4.85%7.66%N/AN/AN/AN/AN/A
Morningstar Target-Date 2055b,d4.75%6.83%11.21%5.96%11.66%N/AN/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 annual fund operating expenses   13.06%
Fee waiver and/or expense reimbursement12.08%
Total Expenses0.98%

A contractual expense waiver exists for this fund and will expire on 04-30-2017.

 

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., © 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, 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.

Morningstar Information

Morningstar RatingTM   As of
Period Stars Category Size
Overall N/A N/A
3-Year N/A N/A
5-Year N/A N/A
10-Year N/A N/A
 
Morningstar Stylebox As of
Equity Stylebox Fixed Income Stylebox
Large BlendLow Limited
 

Characteristics

Top Ten Holdings As of Oct 31, 2016
Holding NamePercent
VT III VANTAGEPOINT EQUITY INCOME FUND22.9%
VT III VANTAGEPOINT INTERNATIONAL FUND19.4%
VT III VANTAGEPOINT GROWTH FUND15.2%
VT III VANTAGEPOINT GROWTH & INCOME FUND13.9%
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND12.3%
VT III VANTAGEPOINT MID/SMALL COMPANY INDEX FUND9.1%
VANGUARD FTSE EMERGING MARKETS ETF3.3%
VT III VANTAGEPOINT HIGH YIELD FUND0.9%
VT III VANTAGEPOINT SELECT VALUE FUND0.9%
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND0.9%
All Holdings As of Oct 31, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$1,548
 
Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT EQUITY INCOME FUND$10,771
VT III VANTAGEPOINT INTERNATIONAL FUND$9,114
VT III VANTAGEPOINT GROWTH FUND$7,129
VT III VANTAGEPOINT GROWTH & INCOME FUND$6,520
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$5,781
VT III VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$4,293
VT III VANTAGEPOINT HIGH YIELD FUND$440
VT III VANTAGEPOINT SELECT VALUE FUND$438
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$438
VT III VANTAGEPOINT DISCOVERY FUND$434
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$165
All Holdings As of Sep 30, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$1,355
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT EQUITY INCOME FUND$70,603
VANTAGEPOINT INTERNATIONAL FUND$59,362
VANTAGEPOINT GROWTH FUND$46,512
VANTAGEPOINT GROWTH & INCOME FUND$41,941
VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$40,670
VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$26,637
VANTAGEPOINT DISCOVERY FUND$3,103
VANTAGEPOINT SELECT VALUE FUND$3,075
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$3,054
VANTAGEPOINT HIGH YIELD FUND$3,011
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$10,013
 
Other
Holding NameMarket Value
USD$-6,627
All Holdings As of Aug 31, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$20,356
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT EQUITY INCOME FUND$135,454
VANTAGEPOINT INTERNATIONAL FUND$108,589
VANTAGEPOINT GROWTH FUND$83,172
VANTAGEPOINT GROWTH & INCOME FUND$75,746
VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$75,044
VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$47,900
VANTAGEPOINT DISCOVERY FUND$5,734
VANTAGEPOINT SELECT VALUE FUND$5,708
VANTAGEPOINT HIGH YIELD FUND$5,651
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$5,644
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$422
All Holdings As of Jul 31, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$19,261
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT EQUITY INCOME FUND$123,098
VANTAGEPOINT INTERNATIONAL FUND$100,714
VANTAGEPOINT GROWTH FUND$77,390
VANTAGEPOINT GROWTH & INCOME FUND$71,476
VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$70,818
VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$47,452
VANTAGEPOINT DISCOVERY FUND$5,618
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$5,434
VANTAGEPOINT HIGH YIELD FUND$5,365
VANTAGEPOINT SELECT VALUE FUND$5,351
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$491
 
Other
Holding NameMarket Value
USD$1,859
 

Statistics

 

Underlying Funds

Underlying Funds  
Vantagepoint High Yield Fund
Investment Objective: To seek current income and capital appreciation.
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 Mid/Small Company Index Fund
Investment Objective: To offer long-term capital growth by approximating the performance of the Russell 2500™ Index.
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.
Vanguard FTSE Emerging Markets ETF Shares
Investment Objective: See Prospectus
Vantagepoint Diversifying Strategies Fund
Investment Objective: Long-term capital growth
 
 

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.

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.