All Eight Milestone Funds Now Carry Four or Five Stars
August 18, 2008
Five Vantagepoint Funds have received updated overall star ratings3 from Morningstar effective July 2008, giving all eight Vantagepoint Milestone Funds1 an overall rating of four or five stars. Previously, all Milestone Funds were rated four stars overall, except the Vantagepoint Milestone Retirement Income Fund, which was rated three stars overall. With the change, the Retirement Income Fund has an overall rating of four stars; the Milestone 2015 Fund and the Milestone 2030 Fund now have an overall rating of five stars. The Core Bond Index I Fund2 ticked up to four stars in July 2008 from its previous three star rating in June 2008. The Low Duration Bond Fund2 had ticked up to five stars overall in June 2008, but now has been rerated four stars overall by Morningstar.
| Name | Morningstar Overall Rating |
Morningstar 3 Yr Overall Rating |
Morningstar 5 Yr Overall Rating |
Morningstar Category |
|||
|---|---|---|---|---|---|---|---|
| June 2008 |
July 2008 |
June 2008 |
July 2008 |
June 2008 |
July 2008 |
||
| Vantagepoint Low Duration Bond | 5 | 4 | 4 | 3 | 5 | 4 | US OE Short-Term Bond |
| Vantagepoint Core Bond Index 1 | 3 | 4 | 4 | 4 | 3 | 4 | US OE Intermediate-Term Bond |
| Vantagepoint Milestone Retirement Income | 3 | 4 | 3 | 4 | US OE Target-Date 2000-2014 | ||
| Vantagepoint Milestone 2010 | 4 | 4 | 4 | 4 | US OE Target-Date 2000-2014 | ||
| Vantagepoint Milestone 2015 | 4 | 5 | 4 | 5 | US OE Target-Date 2015-2029 | ||
| Vantagepoint Milestone 2020 | 4 | 4 | 4 | 4 | US OE Target-Date 2015-2029 | ||
| Vantagepoint Milestone 2025 | 4 | 4 | 4 | 4 | US OE Target-Date 2015-2029 | ||
| Vantagepoint Milestone 2030 | 4 | 5 | 4 | 5 | US OE Target-Date 2030+ | ||
| Vantagepoint Milestone 2035 | 4 | 4 | 4 | 4 | US OE Target-Date 2030+ | ||
| Vantagepoint Milestone 2040 | 4 | 4 | 4 | 4 | US OE Target-Date 2030+ | ||
| Name | Rating # of Investments | |||||
|---|---|---|---|---|---|---|
| 3 Yr June 2008 |
3 Yr July 2008 |
5 Yr June 2008 |
5 Yr July 2008 |
10 Yr June 2008 |
10 Yr July 2008 |
|
| Vantagepoint Low Duration Bond | 381 | 376 | 303 | 309 | 164 | 164 |
| Vantagepoint Core Bond Index 1 | 990 | 989 | 831 | 833 | 438 | 446 |
| Vantagepoint Milestone Retirement Income | 131 | 132 | 52 | 64 | 16 | 16 |
| Vantagepoint Milestone 2010 | 131 | 132 | 52 | 64 | 16 | 16 |
| Vantagepoint Milestone 2015 | 127 | 128 | 35 | 41 | 7 | 7 |
| Vantagepoint Milestone 2020 | 127 | 128 | 35 | 41 | 7 | 7 |
| Vantagepoint Milestone 2025 | 127 | 128 | 35 | 41 | 7 | 7 |
| Vantagepoint Milestone 2030 | 174 | 176 | 50 | 62 | 9 | 10 |
| Vantagepoint Milestone 2035 | 174 | 176 | 50 | 62 | 9 | 10 |
| Vantagepoint Milestone 2040 | 174 | 176 | 50 | 62 | 9 | |
Please consult both the current applicable prospectus and MAKING SOUND INVESTMENT DECISIONS: A Retirement Investment Guide carefully for a complete summary of all fees, expenses, charges, financial highlights, investment objectives, risks and performance information. Investing in mutual funds and other investment vehicles involves risk, including possible loss of the amount invested. Investors should consider the Fund's investment objectives, risks, charges and expenses before investing or sending money. The prospectus contains this and other information about the investment company. Please read the prospectus carefully before investing. All Vantagepoint Funds invested through 401 or 457 plans are held through VantageTrust. Vantagepoint Funds are distributed by ICMA-RC Services LLC, a wholly owned broker-dealer subsidiary of ICMA-RC and member FINRA/SIPC. For a current prospectus, contact ICMA-RC Services, LLC. ICMA-RC, or any of its affiliates call 1-800-669-7400 (TDD: 1-800-669-7471) or write to 777 North Capitol Street, NE, Washington, DC 20002-4240. You may also visit, us on the Web at www.icmarc.org. Para asistencia en Español llame al 1-800-669-8216.
- Please be advised that with "Fund of Funds" arrangements such as the Vantagepoint Milestone Funds include expenses of the underlying funds. Please consult the prospectus for details.
- A 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.
- 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, 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. Past performance is no guarantee of future results.