Fund Facts  

Inception Date: Jan 4, 2016
Ticker Symbol: VPRGX
Registration Date: Dec 31, 2015

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,b2.46%3.84%3.99%11.66%12.10%7.42%N/A
Custom Benchmarkc1.91%2.67%N/AN/AN/AN/AN/A
Morningstar Target-Date 2055b,d1.69%1.99%-2.42%6.65%6.80%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, 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.

Characteristics

Top Ten Holdings As of Jun 30, 2016
Holding NamePercent
VANTAGEPOINT EQUITY INCOME FUND23.2%
VANTAGEPOINT INTERNATIONAL FUND19.0%
VANTAGEPOINT GROWTH FUND14.5%
VANTAGEPOINT GROWTH & INCOME FUND13.5%
VANTAGEPOINT DIVERSIFYING STRATEGIES FUND13.4%
VANTAGEPOINT MID/SMALL COMPANY INDEX FUND8.8%
VANGUARD FTSE EMERGING MARKETS ETF3.6%
VANTAGEPOINT DISCOVERY FUND1.0%
VANTAGEPOINT HIGH YIELD FUND1.0%
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND1.0%
All Holdings As of Jun 30, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$18,314
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT EQUITY INCOME FUND$118,858
VANTAGEPOINT INTERNATIONAL FUND$97,314
VANTAGEPOINT GROWTH FUND$74,065
VANTAGEPOINT GROWTH & INCOME FUND$68,881
VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$68,345
VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$45,177
VANTAGEPOINT DISCOVERY FUND$5,311
VANTAGEPOINT HIGH YIELD FUND$5,282
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$5,260
VANTAGEPOINT SELECT VALUE FUND$5,205
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$491
All Holdings As of May 31, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$17,571
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT EQUITY INCOME FUND$119,785
VANTAGEPOINT INTERNATIONAL FUND$97,360
VANTAGEPOINT GROWTH FUND$75,701
VANTAGEPOINT GROWTH & INCOME FUND$69,488
VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$68,139
VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$45,202
VANTAGEPOINT DISCOVERY FUND$5,317
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$5,311
VANTAGEPOINT SELECT VALUE FUND$5,219
VANTAGEPOINT HIGH YIELD FUND$5,201
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$375
All Holdings As of Apr 30, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$18,164
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT EQUITY INCOME FUND$119,720
VANTAGEPOINT INTERNATIONAL FUND$97,264
VANTAGEPOINT GROWTH FUND$74,201
VANTAGEPOINT GROWTH & INCOME FUND$68,546
VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$67,246
VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$44,256
VANTAGEPOINT DISCOVERY FUND$5,253
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$5,214
VANTAGEPOINT HIGH YIELD FUND$5,183
VANTAGEPOINT SELECT VALUE FUND$5,120
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$374
All Holdings As of Mar 31, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$19,711
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT EQUITY INCOME FUND$116,834
VANTAGEPOINT INTERNATIONAL FUND$95,622
VANTAGEPOINT GROWTH FUND$74,363
VANTAGEPOINT GROWTH & INCOME FUND$67,544
VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$65,800
VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$43,617
VANTAGEPOINT DISCOVERY FUND$5,148
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$5,112
VANTAGEPOINT SELECT VALUE FUND$5,073
VANTAGEPOINT HIGH YIELD FUND$5,025
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$306
 

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.