Fund Facts  

Inception Date: Oct 11, 2013
CUSIP: 92210F521
Morningstar Category:Target-Date 2030

Documents for Fund or Underlying Fund(s)  

Description

Objective  

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

Principal Investment Strategies  

The Fund invests substantially all of its assets in a single underlying VT III Vantagepoint Fund, which invests in a combination of other VT III Vantagepoint Funds and one or more third party exchange-traded funds (“ETFs”). The underlying fund uses an asset allocation strategy designed for investors who expect to begin making withdrawals from their investment, typically at or after retirement (assumed to occur at age 60), in or around the year stated in the Fund’s name. As time elapses, the underlying fund’s allocation to equity and multi-strategy investments decreases and its allocation to fixed income investments increases such that the asset allocation becomes more conservative over time until it reaches a final constant asset allocation approximately ten years after the year in its name. The underlying fund invests in a combination of equity, fixed income, and multi-strategy investments that its investment adviser believes to be appropriate.

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 Mid/Small Company Index 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 Date Funds: The VT Vantagepoint Milestone Funds are target date funds. Each invests substantially all of its assets in a single VT III Vantagepoint Milestone Fund (“Milestone Fund”) that shares its name and investment objective. In turn, each underlying Milestone 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 Milestone 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 Milestone 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. Over time, ICMA-RC will adjust the asset allocation of each “dated” Milestone Fund to seek to become more conservative as the year designated in its name approaches and for approximately 10 years beyond the designated year. This is intended to reduce investment risk as investors move toward and into retirement. However, there is no guarantee that this goal will be achieved and investors may lose money investing in the Milestone Funds. Ten years after the date in the Milestone Fund’s name, it will reach its “landing point” and its target asset allocation becomes constant. It is expected that when a Milestone Fund reaches its “landing point” it will merge with the Milestone Retirement Income Fund.

The asset allocation changes that occur over time as depicted in the Glide Path below are referred to as “neutral targets” because they do not reflect decisions that may be made by ICMA-RC 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 allocations that will cause temporary deviations from the neutral targets. The actual asset class allocation of the Fund may vary from the neutral target 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.

Glide Chart

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, Interest Rate Risk, Credit Risk, Convertible Securities Risk, High Yield Securities Risk, Mortgage-Backed Securities Risk, Asset-Backed Securities Risk, Prepayment and Extension Risk, Derivative Instruments Risk, Indexing Risk, Large Investor Risk.
Please see the Disclosure Memorandum for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Sep 30, 2017
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
VT Vantagepoint Milestone 2030   3.52%11.82%12.64%6.47%9.07%4.91%N/A
S&P 500 Indexa,b4.48%14.24%18.61%10.81%14.22%7.44%N/A
Custom Benchmarkc3.62%11.19%13.08%7.55%10.26%6.07%N/A
Morningstar Target-Date 2030b,d3.69%12.11%12.52%6.49%8.23%4.45%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.

Performance information for this class prior to its inception date is hypothetical. It is the performance of the Fund adjusted to reflect the estimated fees and expenses of this 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 e
Gross Expenses0.73%
Net Expenses0.73%

 

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 Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

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 Sep 30, 2017
Period Stars Category Size
Overall 4 Stars188
3-Year 3 Stars188
5-Year 4 Stars155
10-Year 4 Stars89

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 Sep 30, 2017
Equity Stylebox Fixed Income Stylebox
Large BlendMedium Limited
Allocation of Assets As of Aug 31, 2017
Type of Asset Percent
Equity64%
Fixed Income41%
Cash/Other-5%

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

 
 

Statistics

Portfolio Statistics As of Sep 30, 2017
Statistic3-Year5-Year
Beta0.981.00
Alpha0.020.17
Standard Deviation7.487.46
 
 

Underlying Fund Characteristics

Allocation of Assets As of Aug 31, 2017
Asset ClassPercent
Domestic Stock45.2%
Foreign Stock18.9%
Domestic Bond30.4%
Foreign Bond5.7%
Preferred0.3%
Convertible4.2%
Cash-4.7%
Other0.1%

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

 
Fixed Income Sector As of Aug 31, 2017
SectorPercent
Corporate21.5%
Government10.5%
Securitized8.2%
Municipal0.1%
Derivative0.0%
Cash & Equivalents-4.7%

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

 
Credit Quality As of Aug 31, 2017
Quality LevelPercent
AAA48.0%
AA5.3%
A13.0%
BBB22.0%
BB4.5%
B5.1%
Below B1.8%
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 Aug 31, 2017
Holding NamePercent
VT III VANTAGEPOINT CORE BOND INDEX FUND14.3%
VT III VANTAGEPOINT INTERNATIONAL FUND14.3%
VT III VANTAGEPOINT EQUITY INCOME FUND14.0%
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND13.0%
VT III VANTAGEPOINT GROWTH & INCOME FUND12.3%
VT III VANTAGEPOINT GROWTH FUND10.6%
VT III VANTAGEPOINT LOW DURATION BOND FUND6.5%
VT III VANTAGEPOINT MID/SMALL COMPANY INDEX FUND5.3%
VT III VANTAGEPOINT HIGH YIELD FUND4.0%
VT III VANTAGEPOINT EMERGING MARKETS FUND2.8%
All Holdings As of Aug 31, 2017
Collective Trusts/Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT CORE BOND INDEX FUND$100,760,787
VT III VANTAGEPOINT INTERNATIONAL FUND$100,531,840
VT III VANTAGEPOINT EQUITY INCOME FUND$98,603,602
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$91,674,334
VT III VANTAGEPOINT GROWTH & INCOME FUND$86,480,704
VT III VANTAGEPOINT GROWTH FUND$74,678,272
VT III VANTAGEPOINT LOW DURATION BOND FUND$45,895,758
VT III VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$37,473,202
VT III VANTAGEPOINT HIGH YIELD FUND$28,410,547
VT III VANTAGEPOINT EMERGING MARKETS FUND$19,855,627
VT III VANTAGEPOINT INFLATION FOCUSED FUND$6,424,703
VT III VANTAGEPOINT DISCOVERY FUND$4,967,774
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$4,958,583
VT III VANTAGEPOINT SELECT VALUE FUND$4,945,206
All Holdings As of Jul 31, 2017
Collective Trusts/Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT INTERNATIONAL FUND$100,070,201
VT III VANTAGEPOINT CORE BOND INDEX FUND$100,057,221
VT III VANTAGEPOINT EQUITY INCOME FUND$98,305,825
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$90,721,233
VT III VANTAGEPOINT GROWTH & INCOME FUND$85,776,353
VT III VANTAGEPOINT GROWTH FUND$72,933,953
VT III VANTAGEPOINT LOW DURATION BOND FUND$45,756,811
VT III VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$36,903,906
VT III VANTAGEPOINT HIGH YIELD FUND$28,345,007
VT III VANTAGEPOINT EMERGING MARKETS FUND$19,375,619
VT III VANTAGEPOINT INFLATION FOCUSED FUND$6,367,669
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$4,890,923
VT III VANTAGEPOINT SELECT VALUE FUND$4,881,927
VT III VANTAGEPOINT DISCOVERY FUND$4,873,860
 
Other
Holding NameMarket Value
USD$302
All Holdings As of Jun 30, 2017
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$16,362,623
 
Collective Trusts/Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT INTERNATIONAL FUND$97,707,665
VT III VANTAGEPOINT CORE BOND INDEX FUND$97,016,268
VT III VANTAGEPOINT EQUITY INCOME FUND$96,817,510
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$88,799,183
VT III VANTAGEPOINT GROWTH & INCOME FUND$83,768,303
VT III VANTAGEPOINT GROWTH FUND$70,744,982
VT III VANTAGEPOINT LOW DURATION BOND FUND$44,756,402
VT III VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$36,425,986
VT III VANTAGEPOINT HIGH YIELD FUND$27,880,576
VT III VANTAGEPOINT INFLATION FOCUSED FUND$6,179,063
VT III VANTAGEPOINT SELECT VALUE FUND$4,832,821
VT III VANTAGEPOINT DISCOVERY FUND$4,821,975
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$4,801,155
VT III VANTAGEPOINT EMERGING MARKETS FUND$2,871,376
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$615,155
BLACKROCK TEMP FUND$137,172
 
Other
Holding NameMarket Value
USD$-477,982
All Holdings As of May 31, 2017
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$17,886,897
 
Collective Trusts/Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT INTERNATIONAL FUND$97,981,605
VT III VANTAGEPOINT EQUITY INCOME FUND$95,056,164
VT III VANTAGEPOINT CORE BOND INDEX FUND$95,030,392
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$86,725,064
VT III VANTAGEPOINT GROWTH & INCOME FUND$83,019,563
VT III VANTAGEPOINT GROWTH FUND$72,668,863
VT III VANTAGEPOINT LOW DURATION BOND FUND$40,265,608
VT III VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$36,200,437
VT III VANTAGEPOINT HIGH YIELD FUND$26,469,259
VT III VANTAGEPOINT INFLATION FOCUSED FUND$5,847,078
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$4,773,025
VT III VANTAGEPOINT SELECT VALUE FUND$4,754,954
VT III VANTAGEPOINT DISCOVERY FUND$4,707,409
 
Short-Term/Cash
Holding NameMarket Value
BLACKROCK TEMP FUND$138,134
FIDELITY INSTITUTIONAL MONEY MARKET$138,134
 
Other
Holding NameMarket Value
USD$-37,211

Footnotes

1.

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.

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.

3.

The Fund is an investment option of VantageTrust, a group trust established and maintained by VantageTrust Company, LLC, a wholly owned subsidiary of ICMA-RC. VantageTrust provides for the commingling of assets of certain trusts and plans as described in its Declaration of Trust, and is only available for investment by such eligible trusts and plans. The Fund is not a mutual fund. Its units are not deposits of VantageTrust Company and are not insured by the Federal Deposit Insurance Corporation or any other agency. The Fund is a security that has not been registered under the Securities Act of 1933 and is exempt from investment company registration under the Investment Company Act of 1940. For additional information regarding the Fund, including a description of the principal risks, please consult the VantageTrust Funds Disclosure Memorandum, which is available when you log in at www.icmarc.org, or upon request by calling 800-669-7400.

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.