Laserfiche WebLink
B. VT II Vantagepoint Funds <br />Each VT II Vantagepoint Fund invests substantially all of its assets in a single underlying <br />Vantagepoint Fund (which are funds sponsored by ICMA -RC and managed by its <br />subsidiary, Vantagepoint Investment Advisers, LLC ( "VIA ")). <br />1. VT 11 Vantagepoint Milestone Funds and VT II Vantagepoint Model Portfolio Funds: <br />The VT II Vantagepoint Milestone Funds are target date funds and the VT II <br />Vantagepoint Model Portfolio Funds are target risk funds. Each invests substantially <br />all of its assets in the single Vantagepoint Milestone Fund ( "VP Milestone Fund ") or <br />Vantagepoint Model Portfolio Fund ( "VP Model Portfolio Fund ") that shares its <br />name and investment objective. In turn, each underlying VP Milestone Fund or VP <br />Model Portfolio Fund is a "fund of funds" that invests substantially all of its assets in <br />other Vantagepoint Funds and may also invest in one or more third party exchange - <br />traded funds. By investing in this way, each VP Milestone Fund or VP Model <br />Portfolio Fund is exposed to the risks as well as the potential rewards of its <br />underlying funds and of the portfolio holdings and strategies of those funds. <br />Changes to the Underlying Funds: Any changes in the underlying funds, such as <br />changes in investment objectives or strategies, may affect the performance of the <br />VT II Vantagepoint Milestone Funds and VT II Vantagepoint Model Portfolio Funds. <br />VIA may alter the asset class allocations or underlying fund -level allocations of a VP <br />Milestone Fund or VP Model Portfolio Fund at its discretion. <br />VP Milestone Funds: The targeted allocation of each VP Milestone Fund's assets <br />among underlying funds and the asset classes they represent is determined by VIA. <br />Over time, VIA will adjust the asset allocation of each "dated" VP Milestone Fund to <br />seek to become more conservative as the year designated in its name approaches <br />and for approximately 10 years beyond the designated year. This is intended to <br />reduce investment risk as investors move toward and into retirement. However, <br />there is no guarantee that this goal will be achieved, and investors may lose money <br />investing in the VP Milestone Funds. Ten years after the date in the Milestone <br />Fund's name, it will reach its "landing point" and its target allocation becomes <br />constant. <br />Unlike the dated VP Milestone Funds whose asset allocations change over time, the <br />Vantagepoint Milestone Retirement Income Fund maintains a constant asset <br />allocation and is designed for investors who have begun to make gradual <br />withdrawals or are seeking to preserve principal with some opportunity for inflation <br />protection and capital growth, or who have a low tolerance for price fluctuations or <br />wish to invest for the shorter -term. <br />VP Model Portfolio Funds: Each VP Model Portfolio Fund has a different degree of <br />potential risk and reward and is diversified among the underlying funds in differing <br />VantageTrust 11 Funds <br />Disclosure Memorandum <br />2016.01.13 -7- <br />