Fund Facts  

Inception Date: Oct 11, 2013
Morningstar Category:Target Date 2016-2020

Documents for Fund or Underlying Fund(s)  

Description

Objective  

High total return consistent with the fund’s current asset allocation.

Principal Investment Strategies  

The underlying Vantagepoint Milestone 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 stated in the underlying mutual fund’s name. The Fund invests in a combination of equity investments, fixed income investments, and 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), 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 2030 (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.

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, 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 Mar 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
VT Vantagepoint Milestone 2020   1.22%1.22%-2.71%4.72%5.35%4.57%N/A
S&P 500 Indexa,b1.35%1.35%1.78%11.82%11.58%7.01%N/A
Milestone 2020 Custom Benchmarkc1.56%1.56%-0.01%6.73%7.16%5.94%N/A
Former Milestone 2020 Custom Benchmarkd1.89%1.89%2.37%7.98%8.27%6.25%N/A
Morningstar Target Date 2016-2020b,e1.40%1.40%-2.14%3.84%4.76%3.90%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.

The initial offering date of the R7 share class was October 11, 2013. As a result, performance information for the R7 share class prior to its initial offering date is the performance of the Fund's R5 share class net of fees and expenses. The R7 share class fees and expenses are 0.09% lower than the total fees and expenses of the Fund's R5 share class.

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 expensesf0.73%

 

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

b. 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.

c. The custom benchmark is comprised of the BofA Merrill Lynch 1-3 Year US Corporate & Government Index, Barclays U.S. Aggregate Bond Index, 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 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 Barclays U.S. Intermediate Aggregate Bond Index for the fixed income asset class and the S&P 500 Index for the equity asset class. 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.

e. The Morningstar Category Average is the equal-weighted average return of all funds per category, as identified by Morningstar, Inc.

f. VantageTrust Funds invest in underlying registered funds. Please refer to the underlying fund's prospectus for additional information on fund fees and expenses.

Morningstar Information

Morningstar Rating   As of Mar 31, 2016
Period Stars Category Size
Overall 4 Stars187
3-Year 3 Stars187
5-Year 4 Stars158
10-Year 4 Stars64

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.

The Morningstar Ranking and Morningstar Rating, as well as statistics for alpha, beta, and standard deviation, (collectively, "Data"), are not available for the R7 or R9 share classes of the VT Vantagepoint Funds. Data provided is for the R5 share class of the VT Vantagepoint Funds, which has an expense ratio that is 0.09% higher than the R7 share class, and 0.19% higher than the R9 share class of the Funds.

Morningstar Stylebox As of Mar 31, 2016
Equity Stylebox Fixed Income Stylebox
Large BlendMedium Limited
Allocation of Assets As of Feb 29, 2016
Type of Asset Percent
Equity49%
Fixed Income49%
Cash/Other1%

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

 
 

Statistics

Portfolio Statistics As of Mar 31, 2016
Statistic3-Year5-Year
Beta1.041.03
Alpha-0.15-0.53
Standard Deviation7.088.25

The Morningstar Ranking and Morningstar Rating, as well as statistics for alpha, beta, and standard deviation, (collectively, "Data"), are not available for the R7 or R9 share classes of the VT Vantagepoint Funds. Data provided is for the R5 share class of the VT Vantagepoint Funds, which has an expense ratio that is 0.09% higher than the R7 share class, and 0.19% higher than the R9 share class of the Funds.

 

Underlying Fund Characteristics

Allocation of Assets As of Feb 29, 2016
Asset ClassPercent
Domestic Stock34.0%
Foreign Stock15.4%
Domestic Bond39.1%
Foreign Bond5.9%
Preferred0.2%
Convertible4.1%
Cash1.2%
Other0.1%

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

 
Fixed Income Sector As of Feb 29, 2016
SectorPercent
Corporate22.4%
Government16.3%
Securitized10.5%
Cash & Equivalents1.1%
Municipal0.2%
Derivative0.0%

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

 
Credit Quality As of Feb 29, 2016
Quality LevelPercent
AAA56.4%
AA3.6%
A11.6%
BBB16.9%
BB4.2%
B5.2%
Below B1.7%
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 Mar 31, 2016
Holding NamePercent
VANTAGEPOINT CORE BOND INDEX FUND18.3%
VANTAGEPOINT LOW DURATION BOND FUND12.8%
VANTAGEPOINT DIVERSIFYING STRATEGIES FUND12.0%
VANTAGEPOINT INTERNATIONAL FUND10.9%
VANTAGEPOINT GROWTH & INCOME FUND10.7%
VANTAGEPOINT EQUITY INCOME FUND10.3%
VANTAGEPOINT GROWTH FUND8.2%
VANTAGEPOINT INFLATION FOCUSED FUND4.8%
VANTAGEPOINT HIGH YIELD FUND4.4%
VANTAGEPOINT MID/SMALL COMPANY INDEX FUND3.9%
All Holdings As of Mar 31, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$15,204,826
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT CORE BOND INDEX FUND$140,477,035
VANTAGEPOINT LOW DURATION BOND FUND$97,799,242
VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$92,208,269
VANTAGEPOINT INTERNATIONAL FUND$83,174,227
VANTAGEPOINT GROWTH & INCOME FUND$82,255,888
VANTAGEPOINT EQUITY INCOME FUND$79,082,986
VANTAGEPOINT GROWTH FUND$62,652,976
VANTAGEPOINT INFLATION FOCUSED FUND$36,539,705
VANTAGEPOINT HIGH YIELD FUND$33,652,929
VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$30,204,712
VANTAGEPOINT SELECT VALUE FUND$4,406,449
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$4,401,952
VANTAGEPOINT DISCOVERY FUND$4,388,431
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$177,053
All Holdings As of Feb 29, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$13,788,551
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT CORE BOND INDEX FUND$136,728,568
VANTAGEPOINT LOW DURATION BOND FUND$95,631,745
VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$88,635,816
VANTAGEPOINT INTERNATIONAL FUND$77,961,074
VANTAGEPOINT GROWTH & INCOME FUND$77,240,331
VANTAGEPOINT EQUITY INCOME FUND$74,148,822
VANTAGEPOINT GROWTH FUND$58,233,483
VANTAGEPOINT INFLATION FOCUSED FUND$35,579,052
VANTAGEPOINT HIGH YIELD FUND$32,423,112
VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$28,258,372
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$4,147,848
VANTAGEPOINT DISCOVERY FUND$4,115,528
VANTAGEPOINT SELECT VALUE FUND$4,110,620
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$140,989
All Holdings As of Jan 31, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$13,833,421
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT CORE BOND INDEX FUND$144,376,061
VANTAGEPOINT LOW DURATION BOND FUND$100,148,250
VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$88,885,390
VANTAGEPOINT INTERNATIONAL FUND$80,117,279
VANTAGEPOINT GROWTH & INCOME FUND$77,899,461
VANTAGEPOINT EQUITY INCOME FUND$76,487,464
VANTAGEPOINT GROWTH FUND$57,245,128
VANTAGEPOINT INFLATION FOCUSED FUND$37,251,654
VANTAGEPOINT HIGH YIELD FUND$33,329,227
VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$27,573,304
VANTAGEPOINT SELECT VALUE FUND$4,040,932
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$4,037,720
VANTAGEPOINT DISCOVERY FUND$4,008,429
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$212,665
All Holdings As of Dec 31, 2015
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$14,676,977
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT CORE BOND INDEX FUND$145,768,312
VANTAGEPOINT LOW DURATION BOND FUND$96,371,524
VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$92,923,411
VANTAGEPOINT EQUITY INCOME FUND$89,463,124
VANTAGEPOINT INTERNATIONAL FUND$84,412,843
VANTAGEPOINT GROWTH & INCOME FUND$83,434,307
VANTAGEPOINT GROWTH FUND$54,940,365
VANTAGEPOINT INFLATION FOCUSED FUND$35,676,934
VANTAGEPOINT HIGH YIELD FUND$33,876,188
VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$30,525,573
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$4,409,425
VANTAGEPOINT SELECT VALUE FUND$4,397,225
VANTAGEPOINT DISCOVERY FUND$4,390,483
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$215,732
 
Other
Holding NameMarket Value
USD$320,194

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.

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.