ICMA-RC S IRA PROGRAM Changes to the Vantagepoint Funds

Transcription

1 ICMA-RC S IRA PROGRAM Changes to the Vantagepoint Funds As of July 6, 2016 The Vantagepoint Funds available to you through our IRA program are being removed effective September 2, Remaining assets in these funds will be moved to the Fidelity Government Money Market Fund effective September 16, If you own Vantagepoint Funds, you should select different funds. This document will help you identify Vantagepoint Funds you may own that are being removed and alternate funds within the same asset category that are available to you instead. You can also view all funds available within the IRA Program at To make changes to your IRA account, log in at and select Manage Funds from the left-hand menu. You can then: }} Transfer funds move existing Vantagepoint Fund assets to other funds }} Change future allocations redirect future Vantagepoint Fund contributions to other funds (if applicable). Need help selecting your investments? Learn about available advice services at ICMA RETIREMENT CORPORATION 777 NORTH CAPITOL STREET, NE WASHINGTON, DC TOLL FREE: FAX: AC:

2 Name Gross TARGET-DATE FUNDS Vantagepoint Milestone Retirement Inc Inv M 1,2 VPRRX T. Rowe Price Retirement 2005 Adv 1,2,3 PARGX Vantagepoint Milestone 2010 Inv M 1,2 VPRQX T. Rowe Price Retirement 2010 Adv 1,2,3 PARAX Vantagepoint Milestone 2015 Inv M 1,2 VPRPX T. Rowe Price Retirement 2015 Adv 1,2,3 PARHX Vantagepoint Milestone 2020 Inv M 1,2 VPROX T. Rowe Price Retirement 2020 Adv 1,2,3 PARBX Vantagepoint Milestone 2025 Inv M 1,2 VPRNX T. Rowe Price Retirement 2025 Adv 1,2,3 PARJX Vantagepoint Milestone 2030 Inv M 1,2 VPRMX T. Rowe Price Retirement 2030 Adv 1,2,3 PARCX Vantagepoint Milestone 2035 Inv M 1,2 VPRLX T. Rowe Price Retirement 2035 Adv 1,2,3 PARKX Vantagepoint Milestone 2040 Inv M 1,2 VPRKX T. Rowe Price Retirement 2040 Adv 1,2,3 PARDX Vantagepoint Milestone 2045 Inv M 1,2 VPRJX T. Rowe Price Retirement 2045 Adv 1,2,3 PARLX Vantagepoint Milestone 2050 Inv M 1,2,4 VPRHX T. Rowe Price Retirement 2050 Adv 1,2,3 PARFX

3 Name TARGET-RISK FUNDS Gross Vantagepoint Model Port Consrv Gr Inv M 2 VPCGX s BlackRock 20/80 Target Allocation Inv A 5 BACPX BlackRock 40/60 Target Allocation Inv A 5 BAMPX Vantagepoint Model Port Traditnl Gr Inv M 2 VPTGX BlackRock 60/40 Target Allocation Inv A 5 BAGPX Vantagepoint Model Port Long-Trm Gr Inv M 2 VPLGX BlackRock 80/20 Target Allocation A 5 BAAPX Vantagepoint Model Port Glbl Eq Gr Inv M 2 VPAGX s ClearBridge International Growth FI 6,7,8 LMGFX Nuveen Global Infrastructure I 8,9 FGIYX Oppenheimer Global A 8 OPPAX Third Avenue Value Instl 8 TAVFX U.S. LARGE-CAP STOCK FUNDS Vantagepoint Equity Income Inv 10 VPEIX s AllianzGI NFJ Dividend Value Admin 10 ANDAX Becker Value Equity Retail 10,11 BVEFX BlackRock Equity Dividend Inv A 10 MDDVX Invesco Diversified Dividend A 10,12 LCEAX Nuveen Tradewinds Value Opportunities I 10 NVORX Oppenheimer Equity Income A 1 0 OAEIX T. Rowe Price Equity Income Adv 3,10 PAFDX Vantagepoint Growth & Income Inv VPGIX s ClearBridge Value FI LMVFX Davis NY Venture A NYVTX Oppenheimer Main Street A MSIGX Parnassus Core Equity Investor 13 PRBLX

4 Gross Name Vantagepoint 500 Stock Index I VPFIX s BlackRock S&P 500 Index Investor A BSPAX BlackRock Total Stock Market Index Inv A 14 BASMX Vantagepoint Broad Market Index I VPMIX s BlackRock S&P 500 Index Investor A BSPAX BlackRock Total Stock Market Index Inv A 14 BASMX Vantagepoint Growth Inv 10 VPGRX s BlackRock Capital Appreciation Inv A 10 MDFGX Fidelity Advisor New Insights A 10 FNIAX Harbor Capital Appreciation Inv 10,15 HCAIX Janus Forty S 10 JARTX Janus S 10 JGORX T. Rowe Price Blue Chip Growth Adv 3,10 PABGX T. Rowe Price Growth Stock Adv 3,10 TRSAX U.S. MID/SMALL-CAP STOCK FUNDS Vantagepoint Select Value Inv 10,16 VPSVX s AllianzGI NFJ Mid-Cap Value Admin 10,16 PRAAX Fidelity Advisor Leveraged Co Stk A 10,16 FLSAX Fidelity Advisor Value A 10,16 FAVFX Perkins Mid Cap Value S 10,16 JMVIX Vantagepoint Aggressive Opp Inv 10,16 VPAOX s Harbor Mid Cap Growth Inv 10,16 HIMGX Janus Enterprise S 10,16 JGRTX Vantagepoint Discovery Inv 17 VPDSX s ClearBridge Small Cap FI 17,18 LGASX Fidelity Advisor Small Cap A 17 FSCDX Royce Total Return Svc 17 RYTFX T. Rowe Price Small-Cap Value Adv 3,17,19 PASVX

5 Gross Name Vantagepoint Mid/Small Co Index I 17 VPSIX BlackRock Small/Mid Cap Index Investor A 17,20 BSMAX INTERNATIONAL STOCK FUNDS Vantagepoint International Inv 8 VPINX Harbor International Investor 8,21 HIINX Vantagepoint Overseas Equity Index I 8 VPOIX BlackRock International Index Inv A 8,22 MDIIX BOND FUNDS Vantagepoint Low Duration Bond 23 VPIPX s Oppenheimer Limited-Term Bond A 23,24 OUSGX PIMCO Low Duration Admin 23 PLDAX RS Low Duration Bond A 12, 23 RLDAX Vantagepoint Core Bond Index I 23 VPCIX BlackRock US Total Bond Index Investor A 23,25 BMOAX Vantagepoint Inflation Focused Inv 23 VPTSX s PIMCO Real Return Admin 23,26 PARRX Nuveen Inflation Protected Securities I 23,27 FYIPX Fund past performance, as shown, is no guarantee of how the fund will perform in the future. Please read the fund's prospectus 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 before investing. You may contact us to obtain a prospectus or to answer questions by calling , ing investorservices@icmarc.org, or visiting Returns and/or expenses provided by Morningstar, Inc. Copyright All Rights Reserved. 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. 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 ICMA-RC. ICMA-RC does not independently verify Morningstar data.

6 1 The fund is not a complete solution for all of your retirement savings needs. An investment in the fund includes the risk of loss, including near, at or after the target date of the fund. There is no guarantee that the fund will provide adequate income at and through an investor's retirement. 2 The expense ratio for a " fund of funds" includes acquired fund fees and expenses, which are expenses incurred indirectly by the fund through its ownership in other mutual funds. 3 T. Rowe Price is a registered trademark of T. Rowe Price Group, Inc. - all rights reserved. 4 5 A contractual expense waiver exists for this fund and will expire on January 31, Effective December 31, 2015, the ClearBridge Global Growth Trust Fund is now known as the ClearBridge International Growth Fund. 7 A contractual expense waiver exists for this fund and will expire on December 31, Funds that invest in foreign securities are exposed to the risk of loss due to political, economic, legal, regulatory, and operational uncertainties; differing accounting and financial reporting standards; limited availability of information; currency fluctuations; and higher transaction costs. Investments in foreign currencies or securities denominated in foreign currencies (including derivative instruments that provide exposure to foreign currencies) may experience gains or losses solely based on changes in the exchange rate between foreign currencies and the U.S. dollar. The risk of investing in foreign securities may be greater with respect to securities of companies located in emerging market countries. The value of developing or emerging market currencies may fluctuate more than the currencies of companies with more mature markets Certain funds may be subject to style risk, which is the possibility that the investment style of its investment adviser will trail the returns of the overall market. In the past, different types of securities have experienced cycles of outperformance and underperformance in comparison to the market in general. For example, growth stocks have performed best during the later stages of economic expansion and value stocks have performed best during periods of economic recovery. Both styles may go in and out of favor. When the investing style used by a fund is out of favor, that fund is likely to underperform other funds that use investing styles that are in favor. 11 A contractual expense waiver exists for this fund and will expire on February 28, A contractual expense waiver exists for this fund and will expire on June 30, A contractual expense waiver exists for this fund and will expire on May 1, A contractual expense waiver exists for this fund and will expire on November 30, A contractual expense waiver exists for this fund and will expire on February 28, Funds that invest primarily in mid-capitalization companies involve greater risk than is customarily associated with investments in larger, more established companies. Equity securities of mid-capitalization companies generally trade in lower volume and are generally subject to greater and less predictable price changes than the securities of larger companies. 17 Funds that invest primarily in small-capitalization companies involve greater risk than is customarily associated with investments in larger, more established companies. Equity securities of small-capitalization companies are generally subject to greater price volatility than those of larger companies due to less certain growth prospects, the lower degree of liquidity in the markets for their securities, and the greater sensitivity of smaller companies to changing economic conditions. Also, small-capitalization companies may have more limited product lines, fewer capital resources and less experienced management than larger companies. 18 Effective August 1, 2015, the ClearBridge Special Investment Trust Fund is now known as the ClearBridge Small Cap Fund. 19 Certain funds or underlying funds may charge a redemption fee. Current information about redemption fee, if any, will be contained in the fund's or underlying fund's prospectus. You may contact us to obtain a prospectus or to answer questions by calling , ing investorservices@icmarc.org, or visiting 20 A contractual expense waiver exists for this fund and will expire on November 30, A contractual expense waiver exists for this fund and will expire on February 28, A fixed income fund is subject to credit risk and interest rate risk. Credit risk is when an issuer of a fixed income security may be unable or unwilling to make payments of principal or interest to the holders of these securities or may declare bankruptcy. Fixed income securities fluctuate in value as interest rates change. When interest rates rise, the market prices of fixed income securities will usually decrease; when interest rates fall, the market prices of fixed income securities usually will increase. 24 A contractual expense waiver exists for this fund and will expire on December 29, An expense waiver or reimbursement is not included due to receipt of incomplete or inconsistent data. For additional information regarding the fund's fees including possible waivers please read the fund's prospectus. 27 A contractual expense waiver exists for this fund and will expire on October 31, 2016