Market Overview

ICMA-RC Waives Fees on Vantagepoint Milestone Target-Date Funds

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WASHINGTON, DC, Aug. 08, 2018 (GLOBE NEWSWIRE) -- Target-date funds, such as the Vantagepoint Milestone Funds, provide investors with exposure to multiple asset classes within a single strategy, gradually adjusting the asset mix as investors draw closer to their retirement dates. These types of funds have become an increasingly sought after element of investors' financial security, today accounting for more than 20 percent of total retirement plan assets, according to a recent Pensions & Investments survey.1 

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"The Vantagepoint Milestone Funds serve as the cornerstone of prudent retirement planning for many participants in the employer-sponsored 457, 401, and RHS plans that are administered by ICMA-RC," said Wayne Wicker, Senior Vice President & Chief Investment Officer. "By reducing fees in these funds, we are helping to ensure participants' investments grow and compound more over time, helping them achieve their long-term savings goals." 

Costs in the Vantagepoint Milestone Funds vary depending on their asset mix, so the fee waivers also vary across the fund family, specifically:

 

Fund Name Waiver  
 
Retirement Income 0.09%  
Milestone 2010 Fund 0.11%  
Milestone 2015 Fund 0.07%  
Milestone 2020 Fund 0.05%  
Milestone 2025 Fund 0.05%  
Milestone 2030 Fund 0.06%  
Milestone 2035 Fund 0.07%  
Milestone 2040 Fund 0.06%  
Milestone 2045 Fund 0.07%  
Milestone 2050 Fund 0.08%  
Milestone 2055 Fund 0.13%  

 

The Vantagepoint Funds were developed to help participants build retirement security, and we believe these changes in fees will help increase our competitiveness in the marketplace.


About Vantagepoint Funds

The Vantagepoint Milestone Funds are not a complete solution for all of your retirement savings needs. An investment in a Milestone 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.

ICMA-RC provides investment advisory and management services to VantageTrust Company with respect to the Vantagepoint Funds and the VT PLUS Fund. For more information, please review ICMA-RC's Form ADV, available at www.adviserinfo.sec.gov

Before investing, please read the Funds' offering and disclosure documents carefully for a complete summary of all fees, expenses, investment objectives and strategies, and risks. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the Funds' offering and disclosure documents before investing. Past performance is no guarantee of future results.

 

About ICMA-RC

Founded in 1972, ICMA-RC is a non-profit, independent financial services corporation with approximately $54 billion in assets under management and administration (as of June 30, 2018), focused on providing retirement plans and related services for over a million public sector participant accounts. ICMA-RC's mission is to help public sector employees build retirement security. The organization's mission is delivered through its RealizeRetirement® approach in which ICMA-RC representatives actively engage participants in their retirement programs, help them build their asset base, and help them realize their retirement goals through a comprehensive retirement planning strategy. For more information, visit www.icmarc.org or follow ICMA-RC on Facebook, LinkedIn, and Twitter.

 



1 "Target-date assets continue to climb," by Meaghan Kilroy, Pensions & Investments, February 5, 2018. http://www.pionline.com/article/20180205/PRINT/180209963/target-date-assets-continue-to-climb

 

Aprile Pritchet
ICMA-RC
2029628067
apritchet@icmarc.org

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