Fund Facts  

Inception Date: Oct 11, 2013
Morningstar Category:Target-Date 2045

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 2055 (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, 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, Large Investor 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
VT Vantagepoint Milestone 2045   1.59%2.11%-3.44%6.49%7.11%N/A8.67%
S&P 500 Indexa,b2.46%3.84%3.99%11.66%12.10%7.42%N/A
Custom Benchmarkc1.91%2.68%-0.22%8.45%8.81%N/AN/A
Morningstar Target-Date 2045b,d1.71%2.07%-2.29%6.36%6.57%4.73%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 Expensese0.85%

 

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.

e. 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 Jun 30, 2016
Period Stars Category Size
Overall 3 Stars160
3-Year 3 Stars160
5-Year 3 Stars116
10-Year N/A N/A

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 Jun 30, 2016
Equity Stylebox Fixed Income Stylebox
Large BlendLow Limited
Allocation of Assets As of May 31, 2016
Type of Asset Percent
Equity86%
Fixed Income10%
Cash/Other4%

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

 
 

Statistics

Portfolio Statistics As of Jun 30, 2016
Statistic3-Year5-Year
Beta1.041.02
Alpha-0.480.18
Standard Deviation11.0812.56

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 May 31, 2016
Asset ClassPercent
Domestic Stock60.3%
Foreign Stock25.5%
Domestic Bond5.5%
Foreign Bond1.3%
Preferred0.2%
Convertible3.5%
Cash3.6%
Other0.0%

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

 
Fixed Income Sector As of May 31, 2016
SectorPercent
Corporate7.2%
Cash & Equivalents3.6%
Government2.1%
Securitized1.1%
Derivative0.0%
Municipal0.0%

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

 
Credit Quality As of May 31, 2016
Quality LevelPercent
AAA38.5%
AA5.4%
A14.6%
BBB22.6%
BB8.1%
B7.4%
Below B2.8%
Not Rated0.5%

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

 
Top Ten Holdings As of Jul 31, 2016
Holding NamePercent
VANTAGEPOINT EQUITY INCOME FUND22.0%
VANTAGEPOINT INTERNATIONAL FUND19.3%
VANTAGEPOINT GROWTH FUND14.9%
VANTAGEPOINT GROWTH & INCOME FUND13.8%
VANTAGEPOINT DIVERSIFYING STRATEGIES FUND13.2%
VANTAGEPOINT MID/SMALL COMPANY INDEX FUND8.4%
VANGUARD FTSE EMERGING MARKETS ETF3.6%
VANTAGEPOINT DISCOVERY FUND1.0%
VANTAGEPOINT SELECT VALUE FUND1.0%
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND1.0%
All Holdings As of Jul 31, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$6,769,060
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT EQUITY INCOME FUND$41,016,901
VANTAGEPOINT INTERNATIONAL FUND$35,930,197
VANTAGEPOINT GROWTH FUND$27,762,776
VANTAGEPOINT GROWTH & INCOME FUND$25,699,113
VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$24,657,018
VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$15,697,166
VANTAGEPOINT DISCOVERY FUND$1,875,104
VANTAGEPOINT SELECT VALUE FUND$1,847,061
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$1,838,516
VANTAGEPOINT HIGH YIELD FUND$1,836,111
VANTAGEPOINT CORE BOND INDEX FUND$1,253,786
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$113,916
 
Other
Holding NameMarket Value
USD$643,338
All Holdings As of Jun 30, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$6,524,505
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT EQUITY INCOME FUND$39,843,758
VANTAGEPOINT INTERNATIONAL FUND$34,545,864
VANTAGEPOINT GROWTH FUND$26,968,773
VANTAGEPOINT GROWTH & INCOME FUND$24,405,048
VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$23,628,335
VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$15,066,016
VANTAGEPOINT SELECT VALUE FUND$1,787,339
VANTAGEPOINT DISCOVERY FUND$1,787,233
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$1,784,485
VANTAGEPOINT HIGH YIELD FUND$1,784,196
VANTAGEPOINT CORE BOND INDEX FUND$642,592
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$81,714
All Holdings As of May 31, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$6,330,557
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT EQUITY INCOME FUND$40,211,487
VANTAGEPOINT INTERNATIONAL FUND$34,473,833
VANTAGEPOINT GROWTH FUND$27,323,761
VANTAGEPOINT GROWTH & INCOME FUND$24,610,556
VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$23,985,650
VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$15,336,385
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$1,836,451
VANTAGEPOINT DISCOVERY FUND$1,826,707
VANTAGEPOINT SELECT VALUE FUND$1,808,981
VANTAGEPOINT HIGH YIELD FUND$1,795,170
VANTAGEPOINT CORE BOND INDEX FUND$648,137
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$332,538
All Holdings As of Apr 30, 2016
Exchange-Traded Funds
Holding NameMarket Value
VANGUARD FTSE EMERGING MARKETS ETF$6,414,895
 
Mutual Funds
Holding NameMarket Value
VANTAGEPOINT EQUITY INCOME FUND$39,758,534
VANTAGEPOINT INTERNATIONAL FUND$34,036,224
VANTAGEPOINT GROWTH FUND$26,811,408
VANTAGEPOINT GROWTH & INCOME FUND$24,284,333
VANTAGEPOINT DIVERSIFYING STRATEGIES FUND$23,699,042
VANTAGEPOINT MID/SMALL COMPANY INDEX FUND$15,045,242
VANTAGEPOINT HIGH YIELD FUND$1,799,460
VANTAGEPOINT DISCOVERY FUND$1,792,099
VANTAGEPOINT SELECT VALUE FUND$1,791,079
VANTAGEPOINT AGGRESSIVE OPPORTUNITIES FUND$1,789,196
VANTAGEPOINT CORE BOND INDEX FUND$647,920
 
Short-Term/Cash
Holding NameMarket Value
FIDELITY INSTITUTIONAL MONEY MARKET$205,812

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.