Mutual Fund Total Net Assets

Chart of the Week for December 19, 2008 - December 25, 2008

According to the Investment Company Institute ("ICI") the total net assets of mutual funds have declined 22% between October 31, 2007 and October 31, 2008. The two pie charts above show the total net assets of mutual funds on the aforementioned days, broken out by asset class. The charts illustrate that not all mutual fund asset classes were affected by the change in value the same way. Equity mutual funds have changed the most with a decline of over $3 trillion in absolute terms. The effect of this decline is that the share of equity mutual funds has declined from 62% to 47% of total net assets. Bond's share of the total assets invested in mutual funds has increased from 14% to 16% of total net assets and the share of money market funds has increased from 24% to 37% of total net assets. These changes were caused by a combination of cash flows and asset depreciation/appreciation.

Individual investor portfolios may have seen similar shifts in value and asset allocation. During volatile markets, such as the current market, investors should consider taking some time to review their individual investment goals, their investment time horizon, and their corresponding asset allocation profile. Keeping a focus on these areas is important for long-term investment success.

This illustration was compiled by information from outside sources. These companies are not affiliated with ICMA-RC. This information is being provided for educational purposes and is not intended to be construed as or relied upon as investment advice. ICMA-RC does not offer specific tax or legal advice. Individuals are advised to consider any new investment strategies carefully prior to implementing.

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.

The performance data quoted represents past performance. Past performance is no guarantee of future results. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data illustrated. For performance data current to the most recent month end, contact ICMA-RC Services, LLC by calling 800-669-7400 or by writing to 777 North Capitol Street, NE, Washington, DC 20002-4240. Para asistencia en Español llame al 800-669-8216. Performance data current to the most recent quarter end is available by visiting www.icmarc.org.