Standard Plan Lineup

An overall rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating Metrics as of the date stated. The risk-adjusted star rating brings both return and risk together into one evaluation. To determine a fund's star rating for a given period (three, five, or ten years), the fund's Morningstar Risk score is subtracted from its Morningstar Return score. The resulting number is plotted along a bell curve to determine the fund's rating for each time period. If the fund scores in the top 10% of its broad ratings group (domestic stock, international stock, taxable bond, or municipal bond), it receives 5 stars (Highest); if it falls in the next 22.5%, it receives 4 stars (Above Average); a place in the middle 35% earns it 3 stars (Neutral or Average); those in the next 22.5% receive 2 stars (Below Average); and the bottom 10% get 1 star (Lowest). The star ratings are recalculated monthly. Past performance is no guarantee of future results.

Data provided by Morningstar, Inc.®All rights reserved. The information contained herein; (1) is proprietary to Morningstar and/or its affiliates; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely. ICMA-RC does not review the Morningstar data and, for mutual fund performance information, please consult both the currentVantagepoint Funds prospectusor other appropriate prospectus andMAKING SOUND INVESTMENT DECISIONS: A Retirement Investment Guidecarefully for a complete summary of all fees, expenses, charges, financial highlights and investment objectives, risks and performance information prior to investing any money. Past performance does not guarantee future results. 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. Current performance may be lower or higher than the performance data illustrated. For performance data current to the most recent month end, contact ICMA-RC Services, LLC.

Please note: A redemption fee may be assessed when you sell shares in a mutual fund. Regardless, all funds are monitored for frequent trading. Please refer to the Fund’s prospectus for guidance on redemption fee and frequent trading terms. Also, refer to ICMA-RC’sFrequent Trading Policyfor more information.

¹Funds that invest in small and/or mid sized company stocks typically involves greater risks, particularly in the short term, than those investing in more established companies.

²A rise/fall in the interest rates can have a significant impact on bond prices and the NAV (net asset value) of the fund. Funds that invest in bonds can lose their value as interest rates rise and an investor can lose principal.

³Foreign investments are subject to additional risks not ordinarily associated with domestic investments (i.e. currency, economic and political risks).