Vantagepoint Milestone Funds “Age” Portfolios
July 15, 2008
Washington, DC – June 30, 2008 – Vantagepoint Funds today announced the completion of the latest “aging” of its Milestone Fund portfolios. Aging is a periodic reallocation of each fund’s underlying individual mutual funds that serves to reduce the anticipated risk levels of funds as the target date draws nearer.
This incremental adjustment process, typically done every six months, is designed to keep the portfolio focused on investors’ retirement and risk-level goals. It was completed for each fund except the Retirement Income Fund and the 2040 Fund in late June 2008.
Because its portfolio contains fixed income securities, aging is not necessary for the Retirement Income Fund to maintain the targeted level of risk and income appropriate for investors during retirement. Also, aging is not currently appropriate for the 2040 fund. Aging the 2040 Fund portfolio is anticipated to become appropriate closer to 2010.
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. 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, additional underlying fees may apply. Please consult the prospectus for details.