Fund Facts  

Inception Date: Dec 4, 2015
CUSIP: 87245P668
Ticker Symbol: TIIHX
Morningstar Category:Inflation-Protected Bond
As of Jun 30, 2021
Fund Net Assets ($millions) $3,409

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks to provide inflation protection and income, primarily through investment in inflation-linked bonds.

Principal Investment Strategies  

The fund invests at least 80% of its assets in fixed-income securities whose principal value increases or decreases based on changes in the Consumer Price Index for All Urban Consumers ("CPI-U"), over the life of the security. Typically, it will invest in U.S. Treasury Inflation-Indexed Securities ("TIIS"). Under most circumstances, the fund's investments in inflation-linked bonds of foreign issuers are generally less than 20% of its assets.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Jun 30, 2021
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
TIAA-CREF Inflation-Linked Bda2.11%2.05%5.98%5.28%3.25%N/A3.67%
Bloomberg Barclays U.S. 1-10 Year Treasury Inflation Notes Indexa,b2.30%2.36%6.60%5.67%3.61%2.58%N/A
Morningstar Inflation-Protected Bonda,c2.93%2.01%7.04%5.93%3.88%2.85%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, participants or plan sponsors in a MissionSquare Retirement administered account can log in at www.icmarc.org, or institutions can go to www.vantagepointfunds.org.

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.

Fund Expensesa
Gross Expenses0.34%
Net Expenses0.34%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2021 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 nor its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The Bloomberg Barclays U.S. 1-10 Year Treasury Inflation Notes Index is the 1-10 Year maturity component of the unmanaged U.S. Treasury Inflation Notes Index and consists of Inflation-Protection securities issued by the U.S. Treasury.

c. The Morningstar category average return 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.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Jun 18, 2021Jun 18, 2021$0.157110000
Mar 19, 2021Mar 19, 2021$0.033280000
Dec 11, 2020Dec 11, 2020$0.083840000
Sep 18, 2020Sep 18, 2020$0.014130000
Jun 19, 2020Jun 19, 2020$0.024820000
Mar 20, 2020Mar 20, 2020$0.023150000
Dec 6, 2019Dec 6, 2019$0.059310000
Sep 20, 2019Sep 20, 2019$0.074130000
 

Morningstar Information

Morningstar RatingTM   As of Jun 30, 2021
Period Stars Category Size
Overall 2 Stars201
3-Year 3 Stars201
5-Year 2 Stars175
10-Year N/A N/A

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 Jun 30, 2021
Fixed Income Stylebox
High Moderate
Allocation of Assets As of Apr 30, 2021
Type of Asset Percent
Equity0%
Fixed Income99%
Cash/Other1%

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

 
 

Characteristics

Allocation of Assets As of Apr 30, 2021
Asset ClassPercent
Domestic Stock0.0%
Foreign Stock0.0%
Domestic Bond98.7%
Foreign Bond0.1%
Preferred0.0%
Convertible0.0%
Cash0.7%
Other0.6%

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

 

Credit Quality As of Apr 30, 2021
Quality LevelPercent
AAA99.6%
AA0.0%
A0.0%
BBB0.0%
BB0.0%
B0.0%
Below B0.0%
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 Apr 30, 2021
Holding NamePercent
United States Treasury Notes 0.12%4.4%
United States Treasury Notes 0.12%4.3%
United States Treasury Notes 0.25%4.2%
United States Treasury Notes 0.62%4.2%
United States Treasury Notes 0.5%4.1%
United States Treasury Notes 0.12%4.0%
United States Treasury Notes 0.12%3.9%
United States Treasury Notes 0.62%3.8%
United States Treasury Notes 0.38%3.8%
United States Treasury Notes 0.38%3.8%
Fixed Income Sector As of Apr 30, 2021
SectorPercent
Government95.5%
Securitized2.8%
Cash & Equivalents0.7%
Corporate0.5%

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

 
 

Statistics

Duration and Maturity As of Apr 30, 2021
StatisticValue
Average Effective DurationN/A
Average Effective Maturity4.96 years
Portfolio Statistics As of Jun 30, 2021
Statistic3-Year5-Year
Beta0.940.96
Alpha-0.10-0.24
Standard Deviation2.702.53
 
 

Footnotes

1.

Please read the fund's prospectus or disclosure materials carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, or log in at www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2021 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 MissionSquare Retirement or its affiliates. MissionSquare Retirement 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.