Fund Facts  

Inception Date: Oct 11, 2013
CUSIP: 92210F463
Morningstar Category:Target-Date 2035

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 VT III Vantagepoint Milestone Fund invests in a combination of other VT III 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 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 2045 (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, 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 Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Dec 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
VT Vantagepoint Milestone 2035   0.92%8.36%8.36%3.63%9.80%4.92%N/A
S&P 500 Indexa,b3.82%11.96%11.96%8.87%14.66%6.95%N/A
Custom Benchmarkc2.12%9.61%9.61%5.51%11.38%6.10%N/A
Morningstar Target-Date 2035b,d0.75%7.57%7.57%3.64%8.94%4.15%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
Total Expensese0.74%

 

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, 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 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.

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 Dec 31, 2016
Period Stars Category Size
Overall 4 Stars149
3-Year 3 Stars149
5-Year 4 Stars113
10-Year 4 Stars34

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 Dec 31, 2016
Equity Stylebox Fixed Income Stylebox
Large BlendMedium Moderate
Allocation of Assets As of Nov 30, 2016
Type of Asset Percent
Equity73%
Fixed Income27%
Cash/Other0%

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

 
 

Statistics

Portfolio Statistics As of Dec 31, 2016
Statistic3-Year5-Year
Beta0.980.98
Alpha-0.580.19
Standard Deviation9.239.36
 
 

Underlying Fund Characteristics

Allocation of Assets As of Nov 30, 2016
Asset ClassPercent
Domestic Stock52.2%
Foreign Stock20.4%
Domestic Bond18.7%
Foreign Bond3.5%
Preferred0.2%
Convertible4.5%
Cash-1.3%
Other1.7%

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

 
Fixed Income Sector As of Nov 30, 2016
SectorPercent
Corporate14.4%
Government7.0%
Securitized5.1%
Municipal0.1%
Derivative-0.1%
Cash & Equivalents-1.0%

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

 
Credit Quality As of Nov 30, 2016
Quality LevelPercent
AAA51.8%
AA5.4%
A12.3%
BBB18.1%
BB4.6%
B5.1%
Below B2.2%
Not Rated0.4%

Due to rounding, percentages shown may not add up to 100%. Exposure reflects fixed income securities only.

 
Top Ten Holdings As of Jan 31, 2017
Holding NamePercent
VT III VANTAGEPOINT INTERNATIONAL FUND16.5%
VT III VANTAGEPOINT EQUITY INCOME FUND16.3%
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND13.0%
VT III VANTAGEPOINT GROWTH & INCOME FUND12.8%
VT III VANTAGEPOINT GROWTH FUND12.5%
VT III VANTAGEPOINT CORE BOND INDEX FUND11.8%
VT III VANTAGEPOINT MID/SMALL COMPANY INDEX FUND6.8%
VANGUARD FTSE EMERGING MARKETS ETF3.0%
VT III VANTAGEPOINT HIGH YIELD FUND2.8%
VT III VANTAGEPOINT LOW DURATION BOND FUND1.5%
All Holdings As of Jan 31, 2017
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$13,117,236
 
Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT INTERNATIONAL FUND$72,511,151
VT III VANTAGEPOINT EQUITY INCOME FUND$71,360,084
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$56,985,311
VT III VANTAGEPOINT GROWTH & INCOME FUND$56,144,348
VT III VANTAGEPOINT GROWTH FUND$54,978,718
VT III VANTAGEPOINT CORE BOND INDEX FUND$51,921,147
VT III VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$29,659,507
VT III VANTAGEPOINT HIGH YIELD FUND$12,096,911
VT III VANTAGEPOINT LOW DURATION BOND FUND$6,730,383
VT III VANTAGEPOINT SELECT VALUE FUND$3,683,162
VT III VANTAGEPOINT DISCOVERY FUND$3,680,215
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$3,676,049
VT III VANTAGEPOINT INFLATION FOCUSED FUND$1,716,799
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$237,411
All Holdings As of Dec 31, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$12,603,505
 
Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT INTERNATIONAL FUND$70,886,454
VT III VANTAGEPOINT EQUITY INCOME FUND$70,365,517
VT III VANTAGEPOINT GROWTH & INCOME FUND$54,954,990
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$54,923,514
VT III VANTAGEPOINT GROWTH FUND$52,491,175
VT III VANTAGEPOINT CORE BOND INDEX FUND$48,154,341
VT III VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$28,921,721
VT III VANTAGEPOINT HIGH YIELD FUND$11,128,695
VT III VANTAGEPOINT LOW DURATION BOND FUND$5,690,781
VT III VANTAGEPOINT DISCOVERY FUND$3,588,737
VT III VANTAGEPOINT SELECT VALUE FUND$3,586,004
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$3,584,521
VT III VANTAGEPOINT INFLATION FOCUSED FUND$1,457,789
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$355,250
All Holdings As of Nov 30, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$12,758,495
 
Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT EQUITY INCOME FUND$72,798,090
VT III VANTAGEPOINT INTERNATIONAL FUND$68,411,732
VT III VANTAGEPOINT GROWTH & INCOME FUND$55,979,205
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$55,285,581
VT III VANTAGEPOINT GROWTH FUND$51,946,576
VT III VANTAGEPOINT CORE BOND INDEX FUND$46,371,595
VT III VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$30,634,928
VT III VANTAGEPOINT HIGH YIELD FUND$10,891,629
VT III VANTAGEPOINT LOW DURATION BOND FUND$5,567,276
VT III VANTAGEPOINT DISCOVERY FUND$3,840,083
VT III VANTAGEPOINT SELECT VALUE FUND$3,684,117
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$3,667,705
VT III VANTAGEPOINT INFLATION FOCUSED FUND$1,401,454
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$183,490
 
Other
Holding NameMarket Value
USD$17
All Holdings As of Oct 31, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$12,527,338
 
Mutual Funds
Holding NameMarket Value
VT III VANTAGEPOINT EQUITY INCOME FUND$68,658,647
VT III VANTAGEPOINT INTERNATIONAL FUND$68,378,418
VT III VANTAGEPOINT GROWTH & INCOME FUND$53,394,883
VT III VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$53,357,782
VT III VANTAGEPOINT GROWTH FUND$51,001,648
VT III VANTAGEPOINT CORE BOND INDEX FUND$46,325,455
VT III VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$28,191,511
VT III VANTAGEPOINT HIGH YIELD FUND$10,723,190
VT III VANTAGEPOINT LOW DURATION BOND FUND$5,513,456
VT III VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$3,495,797
VT III VANTAGEPOINT DISCOVERY FUND$3,495,391
VT III VANTAGEPOINT SELECT VALUE FUND$3,489,614
VT III VANTAGEPOINT INFLATION FOCUSED FUND$1,396,207
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$335,153

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 © 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.