The Vantagepoint Funds

Item 1 (Schedule of Investments): The schedule of investments is set forth below.


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—65.4%
Aerospace & Defense—0.6%
Boeing Co. (The)
1.875%		11/20/2012		$	1,280,000	$	1,282,674
Raytheon Co.
1.400%		12/15/2014			430,000		437,080
United Technologies Corp.
1.200%		06/01/2015			280,000		285,227
0.918%		06/01/2015	#		1,285,000		1,301,380

							3,306,361

Auto Components—0.5%
Johnson Controls, Inc.
1.750%		03/01/2014			3,000,000		3,052,020

Automobile—0.7%
Daimler Finance North America LLC
2.300%		01/09/2015	^		1,290,000		1,324,170
1.875%		09/15/2014	^		760,000		772,143
Nissan Motor Acceptance Corp.
1.950%		09/12/2017	^†		650,000		656,526
Volkswagen International Finance NV (Netherlands)
1.625%		03/22/2015	^		1,400,000		1,423,870

							4,176,709

Beverages—1.0%
Anheuser-Busch InBev Worldwide, Inc.
2.500%		03/26/2013	†		1,080,000		1,090,799
0.800%		07/15/2015			610,000		612,974
PepsiCo, Inc.
0.700%		08/13/2015			2,840,000		2,851,831
SABMiller Holdings, Inc.
2.450%		01/15/2017	^		720,000		753,859
1.850%		01/15/2015	^		590,000		604,189

							5,913,652

Biotechnology—0.6%
Amgen, Inc.
2.300%		06/15/2016			700,000		730,706
1.875%		11/15/2014			860,000		883,302
Gilead Sciences, Inc.
2.400%		12/01/2014			370,000		382,778
Life Technologies Corp.
3.500%		01/15/2016			1,300,000		1,369,404

							3,366,190

Capital Markets—1.3%
Astoria Financial Corp.
5.000%		06/19/2017			690,000		717,476
Bank of New York Mellon Corp. (The) MTN
1.200%		02/20/2015			300,000		304,218
Goldman Sachs Group, Inc. (The)
1.439%		02/07/2014	#		1,430,000		1,429,747
Morgan Stanley
1.427%		04/29/2013	#		1,530,000		1,531,939
TD Ameritrade Holding Corp.
4.150%		12/01/2014			1,140,000		1,218,727
WCI Finance LLC/WEA Finance LLC
5.400%		10/01/2012	^		1,000,000		1,000,116
WT Finance Aust Pty Ltd./Westfield Capital/WEA Finance LLC (Australia)
5.125%		11/15/2014	^		1,170,000		1,264,014

							7,466,237


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Chemicals—1.2%
Airgas, Inc.
2.850%		10/01/2013		$	460,000 $		469,022
Dow Chemical Co. (The)
7.600%		05/15/2014			4,685,000		5,178,363
2.500%		02/15/2016	†		690,000		720,157
Eastman Chemical Co.
2.400%		06/01/2017			500,000		522,781
Ecolab, Inc.
2.375%		12/08/2014			290,000		300,909

							7,191,232

Commercial Banks—11.3%
Banco Bradesco SA (Brazil)
2.537%		05/16/2014	#^		300,000		302,230
Banco de Credito del Peru (Peru)
4.750%		03/16/2016	^		1,110,000		1,176,600
Banco de Credito e Inversiones (Chile)
3.000%		09/13/2017	^		700,000		700,721
Banco do Brasil SA (Brazil)
4.500%		01/22/2015	^		1,180,000		1,244,900
Bank of Ceylon (Sri Lanka)
6.875%		05/03/2017	^		840,000		900,900
Bank of Nova Scotia (Canada)
1.850%		01/12/2015			950,000		979,739
Barclays Bank plc (United Kingdom)
3.900%		04/07/2015			2,590,000		2,748,360
1.496%		01/13/2014	#		970,000		974,270
BB&T Corp.
1.147%		04/28/2014	#		350,000		352,300
BB&T Corp. MTN
1.600%		08/15/2017			420,000		428,038
BB&T Corp., Series A MTN
3.375%		09/25/2013			700,000		719,262
Canadian Imperial Bank of Commerce (Canada)
0.900%		10/01/2015			1,300,000		1,303,723
Capital One Financial Corp.
7.375%		05/23/2014			3,630,000		3,996,692
3.150%		07/15/2016			1,630,000		1,732,437
2.125%		07/15/2014			860,000		877,898
CIT Group, Inc.
4.750%		02/15/2015	^		700,000		733,250
Commonwealth Bank of Australia (Australia)
2.125%		03/17/2014	^		1,360,000		1,385,724
Credit Suisse (Switzerland)
1.415%		01/14/2014	#		2,020,000		2,032,530
Danske Bank A/S (Denmark)
1.505%		04/14/2014	#^		1,450,000		1,435,258
HSBC Bank plc (United Kingdom)
1.625%		07/07/2014	^†		970,000		977,154
HSBC USA, Inc.
2.375%		02/13/2015			595,000		612,869
ING Bank NV (Netherlands)
3.750%		03/07/2017	^		1,200,000		1,265,736
1.439%		03/15/2013	#^		1,400,000		1,404,731
KeyCorp MTN
3.750%		08/13/2015			560,000		604,430
National Bank of Canada (Canada)
1.500%		06/26/2015			780,000		791,893
Oversea-Chinese Banking Corp. Ltd. (Singapore)
1.625%		03/13/2015	^		700,000		709,063


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Royal Bank of Scotland Group plc (United Kingdom)
2.550%		09/18/2015		$	733,000	$	742,346
Royal Bank of Scotland plc (The) (United Kingdom)
3.950%		09/21/2015			5,990,000		6,365,214
Royal Bank of Scotland plc (The), Series 2 (United Kingdom)
3.400%		08/23/2013			1,250,000		1,274,164
Santander US Debt SAU (Spain)
3.781%		10/07/2015	^†		5,200,000		5,215,850
Sparebank 1 Boligkreditt AS (Norway)
2.625%		05/27/2016	^		570,000		603,086
Standard Chartered plc (United Kingdom)
3.200%		05/12/2016	^		3,800,000		3,969,480
Toronto-Dominion Bank (The) (Canada)
2.500%		07/14/2016	†		3,850,000		4,074,447
Union Bank NA, Bank Note
2.125%		12/16/2013			1,380,000		1,405,095
US Bancorp
4.200%		05/15/2014			1,300,000		1,377,237
US Bancorp MTN
1.375%		09/13/2013			1,000,000		1,008,784
US Bank NA, Bank Note
0.735%		10/14/2014	#		690,000		688,746
Wachovia Bank NA, Bank Note
4.800%		11/01/2014			1,385,000		1,490,120
Wells Fargo & Co. MTN
2.100%		05/08/2017			6,810,000		7,053,246
Westpac Banking Corp. (Australia)
1.010%		04/08/2013	#^		1,000,000		1,002,965

							66,661,488

Commercial Services & Supplies—0.2%
PHH Corp.
7.375%		09/01/2019	†		1,000,000		1,075,000

Communications Equipment—0.1%
SBA Communications Corp.
5.625%		10/01/2019	^†		430,000		439,138

Computers & Peripherals—1.7%
Hewlett-Packard Co.
3.000%		09/15/2016	†		4,436,000		4,588,767
2.650%		06/01/2016			750,000		767,998
2.350%		03/15/2015			1,100,000		1,121,525
1.550%		05/30/2014			3,660,000		3,682,458

							10,160,748

Consumer Finance—5.5%
Ally Financial, Inc.
4.625%		06/26/2015			1,300,000		1,333,998
American Express Credit Corp. MTN
2.750%		09/15/2015			2,500,000		2,635,613
1.750%		06/12/2015			2,975,000		3,045,046
American Express Credit Corp., Series D MTN
5.125%		08/25/2014			3,177,000		3,438,257
American Honda Finance Corp.
2.375%		03/18/2013	^		470,000		474,150
1.450%		02/27/2015	^		1,190,000		1,209,632
Caterpillar Financial Services Corp.
2.050%		08/01/2016			2,766,000		2,885,726
Caterpillar Financial Services Corp. MTN
1.125%		12/15/2014			200,000		202,753


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Ford Motor Credit Co. LLC
3.875%		01/15/2015		$	1,280,000	$	1,338,454
General Motors Financial Co., Inc.
4.750%		08/15/2017	^†		990,000		1,016,154
HSBC Finance Corp.
0.848%		06/01/2016	#		5,347,000		5,113,620
Hyundai Capital America
1.625%		10/02/2015	^		580,000		580,710
International Lease Finance Corp.
4.875%		04/01/2015			690,000		719,782
John Deere Capital Corp. MTN
2.950%		03/09/2015			1,210,000		1,276,080
1.600%		03/03/2014	†		1,160,000		1,178,899
PACCAR Financial Corp. MTN
1.550%		09/29/2014			620,000		632,433
1.050%		06/05/2015			280,000		282,716
0.681%		04/05/2013	#		840,000		842,018
RCI Banque SA (France)
2.328%		04/11/2014	#^		1,900,000		1,861,991
Toyota Motor Credit Corp.
0.875%		07/17/2015			1,620,000		1,629,023
Toyota Motor Credit Corp. MTN
1.000%		02/17/2015			910,000		920,391

							32,617,446

Containers & Packaging—0.1%
Rock-Tenn Co.
4.450%		03/01/2019	^		410,000		433,076

Diversified Financial Services—8.9%
Bank of America Corp.
4.875%		01/15/2013			3,850,000		3,894,264
4.500%		04/01/2015			4,325,000		4,635,669
3.700%		09/01/2015			635,000		671,231
Bank of America Corp., Series 1
3.750%		07/12/2016			520,000		552,196
Caisse Centrale Desjardins du Quebec (Canada)
1.700%		09/16/2013	^		350,000		354,034
Citigroup, Inc.
6.375%		08/12/2014			2,000,000		2,177,400
6.010%		01/15/2015			2,660,000		2,916,727
6.000%		12/13/2013			2,800,000		2,970,444
4.450%		01/10/2017			1,545,000		1,698,657
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA (Netherlands)
3.375%		01/19/2017			4,887,000		5,192,310
Equifax, Inc.
4.450%		12/01/2014			240,000		254,125
ERAC USA Finance LLC
2.250%		01/10/2014	^		550,000		557,284
General Electric Capital Corp.
5.900%		05/13/2014			680,000		735,799
2.150%		01/09/2015			1,290,000		1,328,357
1.625%		07/02/2015			1,350,000		1,374,535
General Electric Capital Corp. MTN
1.090%		04/07/2014	#		1,000,000		1,004,724
General Electric Capital Corp., Series A MTN
3.750%		11/14/2014			1,130,000		1,198,379
0.649%		09/15/2014	#		2,075,000		2,064,822
General Electric Capital Corp., Series G MTN
1.308%		05/09/2016	#		5,675,000		5,683,456
Harley-Davidson Financial Services, Inc.
1.150%		09/15/2015	^		420,000		420,815


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
JPMorgan Chase & Co.
3.150%		07/05/2016		$	8,090,000	$	8,564,301
JPMorgan Chase & Co. MTN
1.875%		03/20/2015			1,230,000		1,255,674
Lender Processing Services, Inc.
5.750%		04/15/2023			450,000		450,000
NASDAQ OMX Group, Inc. (The)
4.000%		01/15/2015			1,040,000		1,088,957
National Rural Utilities Cooperative Finance Corp.
1.000%		02/02/2015			520,000		526,343
Susser Holdings LLC/Susser Finance Corp.
8.500%		05/15/2016			950,000		1,027,187

							52,597,690

Diversified Telecommunication Services—5.5%
AT&T, Inc.
2.500%		08/15/2015			6,000,000		6,308,940
0.875%		02/13/2015			620,000		625,669
British Telecommunications plc (United Kingdom)
2.000%		06/22/2015			400,000		411,541
Cellco Partnership/Verizon Wireless Capital LLC
5.550%		02/01/2014			400,000		425,618
Deutsche Telekom International Finance BV (Netherlands)
3.125%		04/11/2016	^		8,695,000		9,151,322
Frontier Communications Corp.
6.250%		01/15/2013			700,000		710,500
Telecom Italia Capital SA (Luxembourg)
5.250%		11/15/2013			280,000		289,450
5.250%		10/01/2015			1,986,000		2,095,230
Telefonica Emisiones SAU (Spain)
4.949%		01/15/2015	†		4,000,000		4,105,000
2.582%		04/26/2013			1,090,000		1,094,088
Verizon Communications, Inc.
4.350%		02/15/2013			750,000		760,980
1.250%		11/03/2014			1,680,000		1,707,309
0.972%		03/28/2014	#		3,595,000		3,624,112
Windstream Corp.
8.125%		08/01/2013			190,000		200,450
7.875%		11/01/2017			880,000		987,800

							32,498,009

Electric Utilities—2.3%
Enel Finance International NV (Luxembourg)
3.875%		10/07/2014	^		6,034,000		6,206,615
Exelon Generation Co. LLC
5.350%		01/15/2014			5,345,000		5,636,062
Georgia Power Co.
1.300%		09/15/2013			1,100,000		1,109,314
NextEra Energy Capital Holdings, Inc.
1.611%		06/01/2014			520,000		526,813
1.200%		06/01/2015			210,000		211,471

							13,690,275

Electronic Equipment, Instruments & Components—0.4%
Agilent Technologies, Inc.
2.500%		07/15/2013	†		470,000		476,406
Tech Data Corp.
3.750%		09/21/2017			1,440,000		1,467,661
Thermo Fisher Scientific, Inc.
2.150%		12/28/2012			640,000		641,854

							2,585,921


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Energy Equipment & Services—0.1%
Schlumberger Investment SA (Luxembourg)
1.250%		08/01/2017	^	$	700,000	$	699,977

Food & Staples Retailing—1.5%
Kroger Co. (The)
2.200%		01/15/2017			650,000		666,430
Safeway, Inc.
3.400%		12/01/2016			650,000		681,184
TESCO plc (United Kingdom)
2.000%		12/05/2014	^		3,700,000		3,774,229
Walgreen Co.
1.000%		03/13/2015			570,000		572,574
0.899%		03/13/2014	#		2,928,000		2,932,755
Woolworths Ltd. (Australia)
2.550%		09/22/2015	^		220,000		229,406

							8,856,578

Food Products—0.9%
ConAgra Foods, Inc.
1.350%		09/10/2015			200,000		201,539
Ingredion, Inc.
3.200%		11/01/2015			310,000		327,394
Kellogg Co.
5.125%		12/03/2012			1,000,000		1,008,003
Kraft Foods Group, Inc.
1.625%		06/04/2015	^		440,000		446,955
Kraft Foods, Inc.
5.250%		10/01/2013			340,000		354,939
2.625%		05/08/2013			340,000		344,005
Unilever Capital Corp.
0.450%		07/30/2015			590,000		588,317
Wm. Wrigley Jr. Co.
3.700%		06/30/2014	^		2,190,000		2,259,651

							5,530,803

Gas Utilities—0.3%
Korea Gas Corp. (South Korea)
2.250%		07/25/2017	^		1,200,000		1,212,168
Sabine Pass LNG LP
7.250%		11/30/2013			665,000		711,550

							1,923,718

Health Care Equipment & Supplies—0.5%
Covidien International Finance SA (Luxembourg)
1.875%		06/15/2013			880,000		888,759
1.350%		05/29/2015			350,000		354,742
DENTSPLY International, Inc.
1.935%		08/15/2013	#		800,000		804,236
Stryker Corp.
3.000%		01/15/2015			680,000		715,631

							2,763,368

Health Care Providers & Services—1.6%
Express Scripts Holding Co.
2.750%		11/21/2014	^		1,300,000		1,350,556
HCA, Inc.
6.750%		07/15/2013			225,000		234,000
Quest Diagnostics, Inc.
1.223%		03/24/2014	#		410,000		413,109
UnitedHealth Group, Inc.
4.875%		02/15/2013			3,000,000		3,047,496
WellPoint, Inc.
5.000%		12/15/2014			2,000,000		2,168,364


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
2.375%		02/15/2017		$	1,445,000	$	1,495,939
1.250%		09/10/2015			550,000		554,239

							9,263,703

Household Durables—0.1%
Lennar Corp.
4.750%		12/15/2017	^		700,000		726,250

Independent Power Producers & Energy Traders—0.1%
AES Corp. (The)
7.750%		03/01/2014			565,000		610,200

Industrial Conglomerates—0.1%
Danaher Corp.
1.300%		06/23/2014			400,000		406,414

Insurance—3.2%
Aflac, Inc.
3.450%		08/15/2015	†		2,937,000		3,154,259
Allstate Corp. (The)
6.200%		05/16/2014			800,000		871,472
American International Group, Inc.
3.000%		03/20/2015	†		700,000		725,263
2.375%		08/24/2015			400,000		404,549
Hartford Financial Services Group, Inc.
4.000%		03/30/2015			510,000		538,075
MetLife, Inc.
2.375%		02/06/2014			450,000		460,625
Metropolitan Life Global Funding I
5.125%		04/10/2013	^		2,000,000		2,048,454
1.208%		01/10/2014	#^		2,100,000		2,112,041
Prudential Covered Trust 2012-1
2.997%		09/30/2015	^		2,275,000		2,365,243
Prudential Financial, Inc. MTN
6.000%		12/01/2017			600,000		711,062
3.875%		01/14/2015			1,951,000		2,073,353
Prudential Financial, Inc., Series C MTN
4.750%		06/13/2015			2,290,000		2,505,956
Prudential Financial, Inc., Series D MTN
5.150%		01/15/2013			1,000,000		1,013,299

							18,983,651

Internet & Catalog Retail—0.1%
eBay, Inc.
0.875%		10/15/2013			500,000		501,641

IT Services—0.4%
Computer Sciences Corp.
2.500%		09/15/2015	†		270,000		274,213
International Business Machines Corp.
2.100%		05/06/2013			2,170,000		2,193,006

							2,467,219

Life Sciences Tools & Services—0.2%
Howard Hughes Medical Institute
3.450%		09/01/2014			1,100,000		1,164,567

Machinery—0.0%
Tyco Electronics Group SA (Luxembourg)
1.600%		02/03/2015			270,000		274,196

Media—2.1%
DirecTV Holdings LLC/DirecTV Financing Co., Inc.
4.750%		10/01/2014			1,060,000		1,137,316


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
DISH DBS Corp.
4.625%		07/15/2017	^†	$	1,000,000	$	1,027,500
NBCUniversal Media LLC
3.650%		04/30/2015			850,000		909,745
Time Warner Cable, Inc.
8.250%		02/14/2014			2,200,000		2,422,009
6.200%		07/01/2013			5,500,000		5,733,667
Time Warner, Inc.
3.150%		07/15/2015			440,000		469,874
Viacom, Inc.
4.375%		09/15/2014			700,000		748,957

							12,449,068

Metals & Mining—3.7%
Alcoa, Inc.
6.000%		07/15/2013			5,200,000		5,400,387
Anglo American Capital plc (United Kingdom)
2.625%		09/27/2017	^		2,150,000		2,159,817
ArcelorMittal (Luxembourg)
4.750%		02/25/2017	†		780,000		765,819
4.000%		08/05/2015	†		1,000,000		994,340
Barrick Gold Corp. (Canada)
1.750%		05/30/2014			510,000		517,752
Barrick Gold Financeco LLC
6.125%		09/15/2013			795,000		836,485
BHP Billiton Finance USA Ltd. (Australia)
1.000%		02/24/2015			360,000		363,818
0.704%		02/18/2014	#		2,704,000		2,715,473
FMG Resources August 2006 Pty Ltd. (Australia)
6.000%		04/01/2017	^		720,000		673,200
Freeport-McMoRan Copper & Gold, Inc.
2.150%		03/01/2017			270,000		273,334
1.400%		02/13/2015			300,000		302,336
Rio Tinto Finance USA Ltd. (Australia)
8.950%		05/01/2014			2,875,000		3,239,901
Rio Tinto Finance USA plc (United Kingdom)
1.125%		03/20/2015			700,000		705,818
Steel Dynamics, Inc.
7.375%		11/01/2012			880,000		885,770
Xstrata Finance Canada Ltd. (Canada)
2.850%		11/10/2014	^		1,765,000		1,815,419

							21,649,669

Multiline Retail—0.6%
Dollar General Corp.
4.125%		07/15/2017			945,000		992,250
Target Corp.
1.125%		07/18/2014			500,000		506,509
0.625%		07/18/2014	#		1,800,000		1,807,636

							3,306,395

Multi-Utilities—0.6%
DTE Energy Co.
1.118%		06/03/2013	#		950,000		952,833
Sempra Energy
1.149%		03/15/2014	#		2,661,000		2,673,698

							3,626,531

Oil, Gas & Consumable Fuels—1.4%
BP Capital Markets plc (United Kingdom)
3.875%		03/10/2015			700,000		752,829
Chesapeake Energy Corp.
7.625%		07/15/2013	†		460,000		479,550


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
ConocoPhillips
4.750%		02/01/2014		$	159,000	$	168,007
4.600%		01/15/2015			455,000		496,938
CONSOL Energy, Inc.
8.000%		04/01/2017			200,000		210,000
Enterprise Products Operating LLC
1.250%		08/13/2015			280,000		282,975
Forest Oil Corp.
8.500%		02/15/2014	†		525,000		568,641
Petrohawk Energy Corp.
7.875%		06/01/2015			1,000,000		1,042,344
Phillips 66
2.950%		05/01/2017	^		270,000		285,938
1.950%		03/05/2015	^†		270,000		276,430
Rockies Express Pipeline LLC
3.900%		04/15/2015	^		680,000		673,200
Tesoro Corp.
4.250%		10/01/2017			700,000		722,750
Total Capital International SA (France)
1.500%		02/17/2017			410,000		417,739
TransCanada PipeLines Ltd. (Canada)
3.400%		06/01/2015			550,000		589,186
WPX Energy, Inc.
5.250%		01/15/2017			990,000		1,074,150

							8,040,677

Paper & Forest Products—0.1%
Masco Corp.
4.800%		06/15/2015			465,000		490,084

Personal Products—0.2%
Revlon Consumer Products Corp.
9.750%		11/15/2015			950,000		1,009,375

Pharmaceuticals—1.3%
GlaxoSmithKline Capital plc (United Kingdom)
0.750%		05/08/2015			860,000		865,696
Novartis Capital Corp.
4.125%		02/10/2014			1,170,000		1,228,653
Pfizer, Inc.
3.625%		06/03/2013		EUR	200,000		262,919
Sanofi (France)
1.625%		03/28/2014			800,000		814,446
Takeda Pharmaceutical Co. Ltd (Japan)
1.031%		03/17/2015	^		1,400,000		1,411,774
Teva Pharmaceutical Finance III BV (Netherlands Antilles)
1.700%		03/21/2014			500,000		507,884
Teva Pharmaceutical Finance IV LLC
1.700%		11/10/2014			1,040,000		1,064,638
Valeant Pharmaceuticals International
6.500%		07/15/2016	^†		720,000		758,700
Watson Pharmaceuticals, Inc.
1.875%		10/01/2017			430,000		435,302

							7,350,012

Real Estate Investment Trusts (REITs)—0.8%
Digital Realty Trust LP
4.500%		07/15/2015			550,000		588,838
Duke Realty LP
5.400%		08/15/2014			560,000		599,346
HCP, Inc.
2.700%		02/01/2014			1,410,000		1,440,074


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Health Care REIT, Inc.
6.000%		11/15/2013		$	810,000	$	850,986
Simon Property Group LP
4.200%		02/01/2015			210,000		223,759
Vornado Realty LP
4.250%		04/01/2015			1,080,000		1,142,007

							4,845,010

Road & Rail—0.5%
JB Hunt Transport Services, Inc.
3.375%		09/15/2015			850,000		877,557
Penske Truck Leasing Co. Lp/PTL Finance Corp.
3.125%		05/11/2015	^		800,000		818,976
2.500%		03/15/2016	^		620,000		620,348
Ryder System, Inc. MTN
2.500%		03/01/2017			540,000		549,856

							2,866,737

Semiconductors & Semiconductor Equipment—0.2%
Texas Instruments, Inc.
0.450%		08/03/2015			1,210,000		1,207,178

Software—0.4%
Microsoft Corp.
2.950%		06/01/2014			1,400,000		1,460,591
Oracle Corp.
3.750%		07/08/2014			700,000		741,620

							2,202,211

Tobacco—1.4%
Altria Group, Inc.
8.500%		11/10/2013			5,319,000		5,773,594
BAT International Finance plc (United Kingdom)
1.400%		06/05/2015	^		2,469,000		2,489,549

							8,263,143

Trading Companies & Distributors—0.1%
AmeriGas Partners LP/AmeriGas Finance Corp.
6.250%		08/20/2019			695,000		726,275

Transportation Infrastructure—0.6%
BAA Funding Ltd. (CHI)
2.500%		06/25/2015	^		3,500,000		3,573,056

Wireless Telecommunication Services—0.4%
America Movil SAB de CV (Mexico)
3.625%		03/30/2015			300,000		320,770
Vodafone Group plc (United Kingdom)
4.150%		06/10/2014			1,780,000		1,885,373

							2,206,143

TOTAL CORPORATE OBLIGATIONS (Cost $376,276,457)							385,215,041

MORTGAGE-RELATED SECURITIES—7.0%
Commercial Mortgage-Backed Securities—0.2%
National Credit Union Administration Guaranteed Notes, Series 2010-C1, Class A2
2.900%		10/29/2020			1,100,000		1,182,500

Non-Agency Mortgage-Backed Securities—2.6%
Banc of America Mortgage Securities, Inc., Series 2004-L, Class 1A1
3.052%		01/25/2035	#		566,995		539,497


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
MORTGAGE-RELATED SECURITIES—(Continued)
Fosse Master Issuer plc, Series 2012-1A, Class 2A2 (United Kingdom)
1.855%		10/18/2054	#^	$	2,250,000	$	2,306,708
GSR Mortgage Loan Trust, Series 2005-AR6, Class 2A1
2.647%		09/25/2035	#		1,995,875		2,014,366
Harborview Mortgage Loan Trust, Series 2005-14, Class 3A1A
2.898%		12/19/2035	#		2,541,443		2,070,438
MLCC Mortgage Investors, Inc., Series 2004-1, Class 2A2
2.515%		12/25/2034	#		1,379,901		1,426,231
Provident Funding Mortgage Loan Trust, Series 2004-1, Class 1A1
2.619%		04/25/2034	#		202,173		204,207
Sequoia Mortgage Trust, Series 2012-1, Class 1A1
2.865%		01/25/2042	#		2,341,667		2,398,205
Sequoia Mortgage Trust, Series 2012-2, Class A2
3.500%		04/25/2042	#		2,350,113		2,503,558
Structured Asset Mortgage Investments, Inc., Series 2004-AR5, Class 2A1
2.140%		10/19/2034	#		509,710		374,265
Thornburg Mortgage Securities Trust, Series 2004-1, Class II2A
1.908%		03/25/2044	#		496,362		490,509
Wells Fargo Mortgage Backed Securities Trust, Series 2004-S, Class B1
2.616%		09/25/2034	#		1,321,644		1,062,847

							15,390,831

U.S. Government Agency Mortgage-Backed Securities—4.2%
Federal Deposit Insurance Corporation Structured Sale Guaranteed Notes, Series 2010-S1, Class 2A
3.250%		04/25/2038	^		1,273,636		1,326,174
Federal National Mortgage Association
3.140%		07/01/2041	#		3,646,957		3,844,475
3.069%		06/01/2041	#		2,382,120		2,506,806
2.545%		09/01/2034	#		121,291		128,437
2.537%		09/01/2034	#		171,320		181,618
2.313%		10/01/2034	#		1,446,952		1,532,277
2.063%		10/01/2034	#		219,382		230,935
0.596%		07/01/2016	#		2,800,000		2,811,917
Federal National Mortgage Association TBA
2.500%		10/25/2027			6,470,000		6,801,587
National Credit Union Administration Guaranteed Notes, Series 2010-R1, Class 2A
1.840%		10/07/2020			336,590		342,480
National Credit Union Administration Guaranteed Notes, Series 2010-R2, Class 1A
0.598%		11/06/2017	#		1,475,182		1,478,870
National Credit Union Administration Guaranteed Notes, Series 2010-R3, Class 1A
0.788%		12/08/2020	#		3,433,149		3,453,748

							24,639,324

TOTAL MORTGAGE-RELATED SECURITIES (Cost $41,391,108)							41,212,655

U.S. TREASURY OBLIGATIONS—9.7%
U.S. Treasury Bills—0.4%
U.S. Treasury Bill
0.050%		10/11/2012			2,315,000		2,314,965

U.S. Treasury Notes—9.3%
U.S. Treasury Note
1.250%		10/31/2015			29,720,000		30,558,193
0.875%		11/30/2016			21,450,000		21,800,236
0.375%		06/30/2013	‡‡		280,000		280,459


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date				Face		Value
U.S. TREASURY OBLIGATIONS—(Continued)
0.250%		02/15/2015 05/15/2015	-		$	2,185,000	$	2,183,437

								54,822,325

TOTAL U.S. TREASURY OBLIGATIONS (Cost $56,922,154)								57,137,290

GOVERNMENT RELATED OBLIGATIONS—6.4%
U.S. Government Agencies—2.8%
Federal Home Loan Bank
0.050%		10/16/2012				3,785,000		3,784,916
Federal Home Loan Mortgage Corp.
0.625%		12/29/2014				7,800,000		7,852,268
Federal National Mortgage Association
0.500%		09/28/2015				3,210,000		3,220,984
National Credit Union Administration Guaranteed Notes, Series A2
1.400%		06/12/2015				1,770,000		1,813,542

								16,671,710


Non-U.S. Government Agencies—0.6%
Caisse d’Amortissement de la Dette Sociale (France)
2.125%		04/12/2017		^		1,420,000		1,462,471
IPIC Ltd. MTN (Cayman Islands)
3.125%		11/15/2015		^		500,000		521,000
Korea National Oil Corp. (Korea, Republic of)
2.875%		11/09/2015		^		1,160,000		1,211,043
Petrobras International Finance Co. (Cayman Islands)
2.875%		02/06/2015				410,000		422,434

								3,616,948

Sovereign Debt—0.7%
Korea Finance Corp. (Korea, Republic of)
3.250%		09/20/2016				1,660,000		1,759,198
Panama Government International Bond (Panama)
7.250%		03/15/2015				393,000		450,968
Qatar Government International Bond (Qatar)
3.125%		01/20/2017		^		780,000		825,630
South Africa Government International Bond (South Africa)
6.500%		06/02/2014				880,000		962,720

								3,998,516

Supranational—0.9%
European Investment Bank
1.125%		04/15/2015				5,555,000		5,644,685

U.S. Municipal Bonds—1.1%
California General Obligation Bonds (California)
5.450%		04/01/2015				3,635,000		4,021,110
5.250%		04/01/2014				1,655,000		1,762,906
University of California Revenue Bonds (California)
1.988%		05/15/2050		#		460,000		464,425

								6,248,441

Non-U.S. Regional Authority Bonds—0.3%
Province of Manitoba (Canada)
1.375%		04/28/2014		†		1,500,000		1,525,073

TOTAL GOVERNMENT RELATED OBLIGATIONS (Cost $36,697,663)								37,705,373


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
ASSET-BACKED SECURITIES—9.3%
Automobile—1.7%
Enterprise Fleet Financing LLC Series 2012-1, Class A2
1.140%		11/20/2017	^	$	2,800,000	$	2,811,481
Ford Credit Auto Owner Trust Series 2009-A, Class A4
6.070%		05/15/2014			749,730		760,882
Ford Credit Auto Owner Trust Series 2009-D
2.980%		08/15/2014			1,565,170		1,580,252
Harley-Davidson Motorcycle Trust Series 2009-3, Class A4
2.540%		04/15/2017			628,650		629,544
Honda Auto Receivables Owner Trust Series 2011-1, Class A3
1.130%		10/15/2014			1,787,813		1,794,916
Honda Auto Receivables Owner Trust Series 2009-2, Class A4
4.430%		07/15/2015			431,431		432,230
Hyundai Capital Auto Funding Ltd. (Cayman Islands) Series 2010-8A, Class A
1.220%		09/20/2016	#^		2,200,000		2,188,560

							10,197,865

Credit Card—6.9%
American Express Credit Account Master Trust Series 2008-5, Class A
1.021%		03/15/2016	#		4,550,000		4,581,088
Capital One Multi-Asset Execution Trust Series 2006-A5, Class A5
0.281%		01/15/2016	#		6,750,000		6,748,927
Capital One Multi-Asset Execution Trust Series 2005-A10, Class A
0.301%		09/15/2015	#		2,095,000		2,094,853
Chase Issuance Trust Series 2007-A17, Class A
5.120%		10/15/2014			5,050,000		5,061,582
Citibank Credit Card Issuance Trust Series 2009-A5, Class A5
2.250%		12/23/2014			4,230,000		4,249,340
Citibank Credit Card Issuance Trust Series 2008-A2, Class A2
1.367%		01/23/2020	#		3,300,000		3,466,370
Discover Card Master Trust Series 2012-A1, Class A1
0.810%		08/15/2017			2,050,000		2,068,181
GE Capital Credit Card Master Note Trust Series 2012-1, Class A
1.030%		01/15/2018			2,000,000		2,021,381
GE Capital Credit Card Master Note Trust Series 2010-3, Class A
2.210%		06/15/2016			6,300,000		6,379,893
Gracechurch Card Funding plc (United Kingdom) Series 2012-1A, Class A1
0.921%		02/15/2017	#^		2,700,000		2,706,437
Penarth Master Issuer plc (United Kingdom) Series 2012-1A, Class A1
0.790%		03/18/2014	#^		780,000		780,801
Penarth Master Issuer plc (United Kingdom) Series 2011-1A, Class A1
0.870%		05/18/2015	#^		300,000		299,816

							40,458,669


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
ASSET-BACKED SECURITIES—(Continued)
Other—0.7%
CenterPoint Energy Transition Bond Co. LLC Series 2012-1, Class A1
0.901%		04/15/2018		$	2,570,000	$	2,596,163
MMAF Equipment Finance LLC Series 2011-AA, Class A3
1.270%		09/15/2015	^		1,560,000		1,565,972

							4,162,135

TOTAL ASSET-BACKED SECURITIES (Cost $54,771,983)							54,818,669

				Shares		Value
MONEY MARKET FUNDS—7.3%
Institutional Money Market Funds—7.3%
Dreyfus Institutional Cash Advantage Fund, 0.13%			††¥		3,900,000		3,900,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%			¥		17,622,525		17,622,525
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%			††¥		1,194,847		1,194,847
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.16%			††¥		5,000,000		5,000,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.17%			††¥		5,000,000		5,000,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.17%			††¥		5,000,000		5,000,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.15%			††¥		5,000,000		5,000,000

TOTAL MONEY MARKET FUNDS (Cost $42,717,372)							42,717,372

TOTAL INVESTMENTS—105.1% (Cost $608,776,737)							618,806,400
Other assets less liabilities—(5.1%)							(30,011,700	)

NET ASSETS—100.0%					$588,794,700


Vantagepoint Inflation Protected Securities Fund
Coupon Rate	Maturity Date				Face		Value
CORPORATE OBLIGATIONS—2.0%
Capital Markets—0.7%
Bear Stearns Cos. LLC (The), Series CPI MTN
3.460%		03/10/2014		#	$	380,000	$	392,377
Morgan Stanley MTN
2.937%		05/14/2013		#†		4,000,000		4,040,028

								4,432,405

Consumer Finance—1.2%
HSBC Finance Corp.
0.705%		01/15/2014		#		4,900,000		4,870,443
SLM Corp. MTN
6.250%		01/25/2016				2,400,000		2,616,000
5.050%		11/14/2014				500,000		530,256
SLM Corp., Series MTNBED
3.914%		03/15/2013		#		120,000		119,778

								8,136,477

Diversified Financial Services—0.1%
Citigroup, Inc.
2.438%		08/13/2013		#		700,000		709,507

TOTAL CORPORATE OBLIGATIONS (Cost $12,907,370)								13,278,389

U.S. TREASURY OBLIGATIONS—94.3%
U.S. Treasury Bills—0.0%
U.S. Treasury Bill
0.134%		01/31/2013				253,000		252,925

U.S. Treasury Inflation Protected Securities Bonds—35.6%
U.S. Treasury Bond
3.875%		04/15/2029				10,785,000		25,003,144
3.625%		04/15/2028				11,240,000		25,311,396
3.375%		04/15/2032				449,100		964,421
2.500%		01/15/2029				14,100,000		21,559,233
2.375%		01/15/2025 01/15/2027	-			44,107,400		72,147,192
2.125%		02/15/2041				9,600,300		14,791,613
2.125%		02/15/2040		‡‡		7,794,800		12,087,536
2.000%		01/15/2026				18,005,000		27,359,329
1.750%		01/15/2028				16,570,000		23,507,480
0.750%		02/15/2042				13,064,500		14,441,487

								237,172,831

U.S. Treasury Inflation Protected Securities Notes—58.7%
U.S. Treasury Note
2.625%		07/15/2017				21,335,000		28,527,325
2.500%		07/15/2016				7,124,800		9,389,230
2.375%		01/15/2017				3,165,300		4,219,929
2.125%		01/15/2019				3,107,600		4,073,348
2.000%		01/15/2014 01/15/2016	-			31,273,500		40,523,034
1.875%		07/15/2013 07/15/2019	-			19,976,900		25,943,679
1.625%		01/15/2015 01/15/2018	-			8,155,000		10,492,744
1.375%		01/15/2020				8,539,800		10,836,590
1.250%		04/15/2014 07/15/2020	-			26,765,000		32,200,271
1.125%		01/15/2021				20,795,000		25,809,837
0.625%		07/15/2021				24,889,500		28,986,773
0.500%		04/15/2015				18,926,700		21,034,386


Vantagepoint Inflation Protected Securities Fund
Coupon Rate	Maturity Date				Face		Value
U.S. TREASURY OBLIGATIONS—(Continued)
0.125%		04/15/2016 07/15/2022	-		$	135,705,400	$	148,962,635

								390,999,781

TOTAL U.S. TREASURY OBLIGATIONS (Cost $570,607,418)								628,425,537

GOVERNMENT RELATED OBLIGATIONS—0.5%
U.S. Government Agencies—0.1%
New Valley Generation I, Series 2000-1
7.299%		03/15/2019				751,486		903,662

Non-U.S. Government Agencies—0.4%
Export-Import Bank of Korea (Korea, Republic of)
4.000%		01/29/2021				1,200,000		1,313,415
Petrobras International Finance Co. (Cayman Islands)
3.875%		01/27/2016				1,200,000		1,275,372

								2,588,787

Supranational—0.0%
International Bank for Reconstruction & Development, Series CPI
2.330%		12/10/2013		#		275,000		277,439

TOTAL GOVERNMENT RELATED OBLIGATIONS (Cost $3,567,465)								3,769,888

ASSET-BACKED SECURITIES—0.7%
Home Equity—0.3%
Argent Securities, Inc.
Series 2005-W2, Class A2B1
0.417%		10/25/2035		#		197,677		195,734
First Franklin Mortgage Loan Asset Backed Certificates
Series 2005-FF11, Class A2D
0.557%		11/25/2035		#		1,349,671		1,276,645
Saxon Asset Securities Trust
Series 2003-1, Class AF7
4.034%		06/25/2033				120,094		120,295

								1,592,674

Manufactured Housing—0.1%
Conseco Finance Securitizations Corp.
Series 2002-1, Class A
6.681%		12/01/2033		#		738,250		772,678

Other—0.0%
Park Place Securities, Inc.
Series 2004-WWF1, Class M2
0.897%		12/25/2034		#		239,986		238,921

Student Loan—0.3%
Illinois Student Assistance Commission
Series 2010-1, Class A1
0.931%		04/25/2017		#		525,193		525,913
North Carolina State Education Assistance Authority
Series 2011-2, Class A1
0.090%		10/26/2020		#		410,012		410,156


Vantagepoint Inflation Protected Securities Fund
Coupon Rate	Maturity Date			Face		Value
ASSET-BACKED SECURITIES—(Continued)
South Carolina Student Loan Corp.
Series 2010-1, Class A1
0.901%		01/25/2021	#	$	1,174,953	$	1,175,529

							2,111,598

TOTAL ASSET-BACKED SECURITIES (Cost $4,541,814)							4,715,871


					Contracts		Value
PURCHASED OPTIONS—0.0%
Put—U.S. Long Bond, Expires
11/23/2012, Strike $144.00					63		47,250
Call—U.S. Long Bond, Expires
11/23/2012, Strike $152.00					39		51,187

(Cost $206,670)							98,437


Coupon Rate	Maturity Date			Face		Value
CERTIFICATES OF DEPOSIT—0.7%
Commercial Banks—0.7%
Abbey National Treasury Services plc (United Kingdom)
1.758%		06/10/2013		$	3,800,000		3,785,670
Dexia Credit Local S.A. (France)
1.650%		09/12/2013			700,000		699,657

TOTAL CERTIFICATES OF DEPOSIT (Cost $4,500,000)							4,485,327


					Shares		Value
MONEY MARKET FUNDS—1.7%
Institutional Money Market Funds—1.7%
Dreyfus Institutional Cash Advantage Fund, 0.13%			††¥		50,000		50,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%			¥		10,933,210		10,933,210
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%			††¥		57,500		57,500
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.16%			††¥		50,000		50,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.17%			††¥		50,000		50,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.17%			††¥		50,000		50,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.15%			††¥		50,000		50,000

TOTAL MONEY MARKET FUNDS (Cost $11,240,710)							11,240,710

TOTAL INVESTMENTS—99.9% (Cost $607,571,447)							666,014,159
Other assets less liabilities—0.1%							521,796

NET ASSETS—100.0%					$666,535,955


Vantagepoint Equity Income Fund
		Shares		Value
COMMON STOCKS—94.3%
Aerospace & Defense—2.1%
Boeing Co. (The)			74,200	$	5,165,804
Honeywell International, Inc.			390,900		23,356,275
Lockheed Martin Corp.			35,800		3,343,004
Raytheon Co.			187,900		10,740,364

					42,605,447

Air Freight & Logistics—2.2%
FedEx Corp.			446,200		37,757,444
United Parcel Service, Inc., Class B			87,300		6,248,061

					44,005,505

Airlines—0.2%
United Continental Holdings, Inc.	*†		207,700		4,050,150

Auto Components—0.1%
Johnson Controls, Inc.			82,100		2,249,540

Automobiles—0.2%
Ford Motor Co.			195,800		1,930,588
Harley-Davidson, Inc.			42,800		1,813,436

					3,744,024

Beverages—0.4%
Molson Coors Brewing Co., Class B			55,300		2,491,265
PepsiCo, Inc.			83,400		5,902,218

					8,393,483

Biotechnology—0.2%
Amgen, Inc.			48,700		4,106,384

Building Products—0.2%
Masco Corp.			201,100		3,026,555
USG Corp.	*†		85,900		1,885,505

					4,912,060

Capital Markets—3.9%
Bank of New York Mellon Corp. (The)			1,581,500		35,773,530
Franklin Resources, Inc.			140,000		17,509,800
Legg Mason, Inc.			161,500		3,985,820
Morgan Stanley			105,500		1,766,070
Northern Trust Corp.			126,200		5,857,573
Och-Ziff Capital Management Group LLC, Class A			38,300		369,978
State Street Corp.			333,500		13,993,660

					79,256,431

Chemicals—0.2%
E.I. Du Pont de Nemours & Co.			66,246		3,330,186

Commercial Banks—3.5%
PNC Financial Services Group, Inc.			343,700		21,687,470
Regions Financial Corp.			319,100		2,300,711
SunTrust Banks, Inc.			201,400		5,693,578
U.S. Bancorp			340,900		11,692,870
Wells Fargo & Co.			848,300		29,291,799

					70,666,428

Commercial Services & Supplies—0.1%
Avery Dennison Corp.			58,800		1,871,016

Communications Equipment—0.7%
Cisco Systems, Inc.			273,800		5,226,842


Vantagepoint Equity Income Fund
		Shares		Value
COMMON STOCKS—(Continued)
Harris Corp.			138,100	$	7,073,482
Nokia Oyj ADR (Finland)	†		406,500		1,044,705

					13,345,029

Computers & Peripherals—2.0%
Dell, Inc.			3,806,600		37,533,076
Hewlett-Packard Co.			140,000		2,388,400

					39,921,476

Construction Materials—3.6%
Cemex SAB de CV ADR (Mexico)	*†		2,407,120		20,051,310
Martin Marietta Materials, Inc.			221,000		18,314,270
Vulcan Materials Co.			707,100		33,445,830

					71,811,410

Consumer Finance—3.2%
American Express Co.			528,600		30,056,196
Capital One Financial Corp.			332,900		18,978,629
SLM Corp.			926,700		14,567,724

					63,602,549

Distributors—0.2%
Genuine Parts Co.			54,452		3,323,206

Diversified Financial Services—2.9%
Bank of America Corp.			1,750,006		15,452,553
Citigroup, Inc.			388,199		12,701,871
JPMorgan Chase & Co.			725,000		29,348,000

					57,502,424

Diversified Telecommunication Services—5.6%
AT&T, Inc.			775,542		29,237,933
CenturyLink, Inc.			97,790		3,950,716
Level 3 Communications, Inc.	*†		1,097,599		25,211,849
Telefonica SA (Spain)			145,874		1,949,702
tw telecom inc.	*		1,062,800		27,707,196
Verizon Communications, Inc.			544,241		24,801,062

					112,858,458


Electric Utilities—2.0%
Duke Energy Corp.			134,123		8,691,170
Entergy Corp.			241,300		16,722,090
Exelon Corp.			180,600		6,425,748
FirstEnergy Corp.			60,200		2,654,820
Pinnacle West Capital Corp.			28,000		1,478,400
Xcel Energy, Inc.			163,400		4,527,814

					40,500,042

Electrical Equipment—1.2%
Cooper Industries plc			86,000		6,455,160
Emerson Electric Co.			359,600		17,357,892

					23,813,052

Electronic Equipment, Instruments & Components—0.4%
Corning, Inc.			600,000		7,890,000

Energy Equipment & Services—0.6%
Diamond Offshore Drilling, Inc.	†		77,100		5,073,951
Schlumberger Ltd.			91,100		6,589,263

					11,663,214

Food & Staples Retailing—0.9%
Walgreen Co.			470,900		17,159,596

Food Products—1.0%
Archer-Daniels-Midland Co.			184,700		5,020,146
Campbell Soup Co.	†		161,700		5,630,394


Vantagepoint Equity Income Fund
		Shares		Value
COMMON STOCKS—(Continued)
ConAgra Foods, Inc.			153,900	$	4,246,101
Kellogg Co.			28,300		1,461,978
McCormick & Co., Inc.			52,600		3,263,304

					19,621,923

Health Care Equipment & Supplies—1.5%
Baxter International, Inc.			214,900		12,949,874
Medtronic, Inc.			417,900		18,019,848

					30,969,722

Health Care Providers & Services—1.9%
Quest Diagnostics, Inc.			61,700		3,913,631
UnitedHealth Group, Inc.			342,000		18,950,220
WellPoint, Inc.			254,600		14,769,346

					37,633,197

Hotels, Restaurants & Leisure—1.6%
Carnival Corp.			420,200		15,312,088
InterContinental Hotels Group plc ADR (United Kingdom)			626,000		16,432,500
Marriott International, Inc., Class A	†		33,388		1,305,471

					33,050,059

Household Durables—0.4%
Whirlpool Corp.			94,400		7,826,704

Household Products—0.6%
Clorox Co. (The)			91,100		6,563,755
Energizer Holdings, Inc.			20,100		1,499,661
Kimberly-Clark Corp.			20,559		1,763,551
Procter & Gamble Co. (The)			28,300		1,962,888

					11,789,855

Independent Power Producers & Energy Traders—0.0%
AES Corp. (The)	*		96,900		1,062,993

Industrial Conglomerates—3.9%
3M Co.			102,800		9,500,776
General Electric Co.			1,405,200		31,912,092
Koninklijke Philips Electronics NV NYRS (Netherlands)			1,599,000		37,496,550

					78,909,418

Insurance—8.9%
Allstate Corp. (The)			417,300		16,529,253
Aon plc (United Kingdom)			721,141		37,708,463
Chubb Corp. (The)			41,100		3,135,108
Fairfax Financial Holdings Ltd. (Canada)			91,500		35,394,945
Lincoln National Corp.			135,590		3,279,922
Loews Corp.			787,500		32,492,250
Marsh & McLennan Cos., Inc.			213,800		7,254,234
Sun Life Financial, Inc. (Canada)			102,100		2,371,783
Travelers Cos., Inc. (The)			508,300		34,696,558
Willis Group Holdings plc (United Kingdom)			79,000		2,916,680
XL Group plc (Ireland)			84,000		2,018,520

					177,797,716

Internet & Catalog Retail—1.1%
Liberty Interactive Corp., Series A	*		1,243,500		23,004,750

IT Services—1.3%
Computer Sciences Corp.			158,400		5,102,064


Vantagepoint Equity Income Fund
		Shares		Value
COMMON STOCKS—(Continued)
International Business Machines Corp.			98,600	$	20,454,570

					25,556,634

Leisure Equipment & Products—0.5%
Hasbro, Inc.	†		69,600		2,656,632
Mattel, Inc.			186,700		6,624,116

					9,280,748

Life Sciences Tools & Services—0.4%
Thermo Fisher Scientific, Inc.			141,400		8,318,562

Machinery—2.7%
Illinois Tool Works, Inc.	†		469,100		27,897,377
Ingersoll-Rand plc (Ireland)			91,000		4,078,620
ITT Corp.			48,100		969,215
Stanley Black & Decker, Inc.			251,200		19,154,000
Xylem, Inc.			73,800		1,856,070

					53,955,282

Media—5.0%
Cablevision Systems Corp., Class A			174,200		2,761,070
Comcast Corp., Class A			117,200		4,192,244
DIRECTV	*		674,000		35,358,040
Madison Square Garden Co. (The), Class A	*		60,400		2,432,308
McGraw-Hill Cos., Inc. (The)			112,700		6,152,293
New York Times Co. (The), Class A	*†		183,800		1,793,888
Time Warner, Inc.			224,033		10,155,416
Walt Disney Co. (The)			685,700		35,848,396
WPP plc (Ireland)			162,700		2,216,116

					100,909,771

Metals & Mining—0.5%
Cliffs Natural Resources, Inc.	†		76,100		2,977,793
Newmont Mining Corp.			22,800		1,277,028
Nucor Corp.			156,200		5,976,212

					10,231,033

Multiline Retail—0.9%
Kohl’s Corp.			120,300		6,161,766
Macy’s, Inc.			105,700		3,976,434
Target Corp.			111,000		7,045,170

					17,183,370

Multi-Utilities—1.0%
Dominion Resources, Inc.			208,600		11,043,284
NiSource, Inc.			278,700		7,101,276
TECO Energy, Inc.			57,800		1,025,372

					19,169,932

Oil, Gas & Consumable Fuels—11.4%
Anadarko Petroleum Corp.			89,200		6,236,864
BP plc ADR (United Kingdom)			362,598		15,359,651
Chesapeake Energy Corp.	†		2,031,000		38,324,970
Chevron Corp.			215,158		25,078,817
ConocoPhillips			325,400		18,606,372
CONSOL Energy, Inc.			1,145,900		34,434,295
Exxon Mobil Corp.			172,660		15,789,757
Hess Corp.			39,800		2,138,056
Marathon Oil Corp.			655,100		19,371,307
Murphy Oil Corp.			125,800		6,754,202
Occidental Petroleum Corp.			229,600		19,759,376
Phillips 66			139,300		6,459,341


Vantagepoint Equity Income Fund
		Shares		Value
COMMON STOCKS—(Continued)
Royal Dutch Shell plc ADR (Netherlands)			163,181	$	11,326,393
Spectra Energy Corp.			335,512		9,850,632

					229,490,033

Paper & Forest Products—0.6%
International Paper Co.			246,600		8,956,512
MeadWestvaco Corp.			111,600		3,414,960

					12,371,472

Personal Products—0.2%
Avon Products, Inc.			249,900		3,985,905

Pharmaceuticals—5.2%
Abbott Laboratories			300,000		20,568,000
Bristol-Myers Squibb Co.			362,500		12,234,375
Johnson & Johnson	†		393,700		27,129,867
Merck & Co., Inc.			184,200		8,307,420
Pfizer, Inc.			1,123,187		27,911,197
Teva Pharmaceutical Industries Ltd. ADR (Israel)			209,300		8,667,113

					104,817,972

Real Estate Investment Trusts (REITs)—0.2%
Weyerhaeuser Co. REIT			183,037		4,784,587

Semiconductors & Semiconductor Equipment—2.1%
Analog Devices, Inc.			116,000		4,546,040
Applied Materials, Inc.			814,800		9,097,242
First Solar, Inc.	*†		42,100		932,305
Intel Corp.			499,600		11,330,928
Texas Instruments, Inc.			562,900		15,507,895

					41,414,410

Software—1.4%
Microsoft Corp.			977,900		29,121,862

Specialty Retail—1.0%
Home Depot, Inc. (The)			269,900		16,293,863
Staples, Inc.	†		352,600		4,061,952
Tiffany & Co.	†		12,700		785,876

					21,141,691

Tobacco—1.7%
Altria Group, Inc.			243,300		8,123,787
Imperial Tobacco Group plc ADR (United Kingdom)			106,900		7,914,876
Philip Morris International, Inc.			197,300		17,745,162

					33,783,825

Wireless Telecommunication Services—0.7%
Vodafone Group plc (United Kingdom)			880,800		2,502,910
Vodafone Group plc ADR (United Kingdom)			422,700		12,044,837

					14,547,747

TOTAL COMMON STOCKS (Cost $1,646,063,603)					1,894,312,283

CONVERTIBLE PREFERRED STOCKS—0.2%
Automobiles—0.2%
General Motors Co., Series B
4.750%
(Cost $4,555,012)			91,200		3,399,936


Vantagepoint Equity Income Fund
		Shares		Value
MONEY MARKET FUNDS—10.4%
Institutional Money Market Funds—10.4%
Dreyfus Institutional Cash Advantage Fund, 0.13%	††¥		15,000,000	$	15,000,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%	¥		112,040,249		112,040,249
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%	††¥		14,146,698		14,146,698
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.16%	††¥		23,600,000		23,600,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.17%	††¥		15,000,000		15,000,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.17%	††¥		15,000,000		15,000,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.15%	††¥		15,000,000		15,000,000

TOTAL MONEY MARKET FUNDS (Cost $209,786,947)					209,786,947

TOTAL INVESTMENTS—104.9% (Cost $1,860,405,562)					2,107,499,166
Other assets less liabilities—(4.9%)					(99,361,971	)

NET ASSETS—100.0%				$	2,008,137,195

Legend to the Schedule of Investments:

ADR	American Depositary Receipt

NYRS	New York Registry Shares

REIT	Real Estate Investment Trust

†	Denotes all or a portion of the security on loan.

*	Non-income producing.

††	Represents reinvestment of collateral received in conjunction with securities lending.

¥	The rate quoted is the annualized seven-day yield of the fund at period end.


Vantagepoint Growth & Income Fund
		Shares		Value
COMMON STOCKS—96.9%
Aerospace & Defense—1.4%
Boeing Co. (The)			33,700	$	2,346,194
Honeywell International, Inc.			40,000		2,390,000
Precision Castparts Corp.			29,400		4,802,196
United Technologies Corp.			110,700		8,666,703

					18,205,093

Air Freight & Logistics—1.3%
C.H. Robinson Worldwide, Inc.			400		23,420
Expeditors International of Washington, Inc.			352,550		12,818,718
FedEx Corp.			43,100		3,647,122

					16,489,260

Airlines—0.0%
United Continental Holdings, Inc.	*		12,300		239,850

Auto Components—0.5%
Goodyear Tire & Rubber Co. (The)	*		503,000		6,131,570
Johnson Controls, Inc.			2,600		71,240

					6,202,810

Automobiles—0.4%
General Motors Co.	*		187,500		4,265,625
Harley-Davidson, Inc.			26,400		1,118,568

					5,384,193

Beverages—0.3%
Anheuser-Busch InBev NV ADR (Belgium)			35,460		3,046,369
Coca-Cola Co. (The)			800		30,344
Monster Beverage Corp.	*		8,200		444,112

					3,520,825

Biotechnology—2.1%
Alexion Pharmaceuticals, Inc.	*		29,200		3,340,480
Amgen, Inc.			87,100		7,344,272
Biogen Idec, Inc.	*		32,200		4,805,206
Celgene Corp.	*		36,500		2,788,600
Gilead Sciences, Inc.	*		52,700		3,495,591
Regeneron Pharmaceuticals, Inc.	*		7,800		1,190,748
Vertex Pharmaceuticals, Inc.	*		75,800		4,241,010

					27,205,907

Capital Markets—4.7%
Ameriprise Financial, Inc.			13,000		736,970
Bank of New York Mellon Corp. (The)			983,200		22,239,984
BlackRock, Inc.			40,500		7,221,150
Credit Suisse Group AG ADR (Switzerland)			255,100		5,395,365
Franklin Resources, Inc.			44,000		5,503,080
Goldman Sachs Group, Inc. (The)			57,800		6,570,704
Invesco Ltd.			441,100		11,023,089
Morgan Stanley			8,100		135,594
Northern Trust Corp.			25,700		1,192,865
State Street Corp.			12,400		520,304
TD Ameritrade Holding Corp.			27,500		422,675

					60,961,780

Chemicals—3.1%
Dow Chemical Co. (The)			242,000		7,008,320
Ecolab, Inc.			27,500		1,782,275
Monsanto Co.			146,350		13,320,777
Mosaic Co. (The)			142,000		8,180,620
Praxair, Inc.			56,100		5,827,668


Vantagepoint Growth & Income Fund
		Shares		Value
COMMON STOCKS—(Continued)
Sherwin-Williams Co. (The)			25,200	$	3,752,532

					39,872,192

Commercial Banks—4.3%
BB&T Corp.			229,500		7,610,220
Comerica, Inc.			480,150		14,908,657
PNC Financial Services Group, Inc.			191,400		12,077,340
U.S. Bancorp			55,000		1,886,500
Wells Fargo & Co.			563,300		19,450,749

					55,933,466

Commercial Services & Supplies—1.4%
Cintas Corp.			313,500		12,994,575
Tyco International Ltd. (Switzerland)			100,000		5,626,000

					18,620,575

Communications Equipment—1.7%
Cisco Systems, Inc.			709,600		13,546,264
Juniper Networks, Inc.	*		86,300		1,476,593
QUALCOMM, Inc.			110,600		6,911,394

					21,934,251

Computers & Peripherals—3.8%
Apple, Inc.			59,500		39,701,970
EMC Corp.	*		151,800		4,139,586
Hewlett-Packard Co.			298,900		5,099,234

					48,940,790

Construction Materials—0.5%
CRH plc ADR (Ireland)	†		344,600		6,616,320

Consumer Finance—1.3%
American Express Co.			298,900		16,995,454

Diversified Financial Services—3.1%
Citigroup, Inc.			454,700		14,877,784
IntercontinentalExchange, Inc.	*		14,100		1,881,081
JPMorgan Chase & Co.			590,708		23,911,860

					40,670,725

Diversified Telecommunication Services—0.9%
AT&T, Inc.			315,106		11,879,496

Electric Utilities—1.0%
Edison International			112,400		5,135,556
Entergy Corp.			80,000		5,544,000
PPL Corp.	†		78,600		2,283,330

					12,962,886

Electrical Equipment—0.1%
AMETEK, Inc.			600		21,270
Roper Industries, Inc.			11,900		1,307,691

					1,328,961

Electronic Equipment, Instruments & Components—1.3%
Amphenol Corp., Class A			3,600		211,968
TE Connectivity Ltd. (Switzerland)			487,175		16,568,822

					16,780,790

Energy Equipment & Services—2.5%
Cameron International Corp.	*		37,400		2,097,018
FMC Technologies, Inc.	*		18,600		861,180
Halliburton Co.			186,500		6,283,185
National Oilwell Varco, Inc.			2,200		176,242
Noble Corp. (Switzerland)	*		156,300		5,592,414


Vantagepoint Growth & Income Fund
		Shares		Value
COMMON STOCKS—(Continued)
Schlumberger Ltd.			241,775	$	17,487,586

					32,497,625

Food & Staples Retailing—3.2%
CVS Caremark Corp.			22,400		1,084,608
Sysco Corp.			646,175		20,205,892
Wal-Mart Stores, Inc.			239,400		17,667,720
Whole Foods Market, Inc.			21,600		2,103,840

					41,062,060

Food Products—1.6%
General Mills, Inc.			174,200		6,941,870
Nestle SA ADR (Switzerland)	†		211,200		13,349,952

					20,291,822

Health Care Equipment & Supplies—3.4%
Baxter International, Inc.			122,200		7,363,772
Covidien plc (Ireland)			432,225		25,682,810
Edwards Lifesciences Corp.	*		13,400		1,438,758
Intuitive Surgical, Inc.	*		300		148,689
St. Jude Medical, Inc.			200,600		8,451,278
Stryker Corp.			25,100		1,397,066

					44,482,373

Health Care Providers & Services—2.0%
AmerisourceBergen Corp.			368,550		14,266,570
Cardinal Health, Inc.			8,000		311,760
Express Scripts Holding Co.	*		75,100		4,706,517
Henry Schein, Inc.	*		2,300		182,321
McKesson Corp.			50,400		4,335,912
UnitedHealth Group, Inc.			34,000		1,883,940

					25,687,020

Health Care Technology—0.0%
Cerner Corp.	*		100		7,741

Hotels, Restaurants & Leisure—1.9%
Carnival Corp.			84,900		3,093,756
Chipotle Mexican Grill, Inc.	*		6,400		2,032,256
Las Vegas Sands Corp.			72,500		3,361,825
Marriott International, Inc., Class A	†		57,471		2,247,116
McDonald’s Corp.			3,700		339,475
Starbucks Corp.			136,300		6,917,225
Starwood Hotels & Resorts Worldwide, Inc.			52,200		3,025,512
Tim Hortons, Inc. (Canada)			600		31,218
Wynn Resorts Ltd.			2,100		242,424
Yum! Brands, Inc.			43,300		2,872,522

					24,163,329

Household Durables—0.5%
Newell Rubbermaid, Inc.			358,400		6,841,856

Household Products—1.3%
Kimberly-Clark Corp.			203,500		17,456,230

Industrial Conglomerates—4.7%
3M Co.			270,750		25,022,715
Danaher Corp.			182,900		10,086,935
General Electric Co.			742,200		16,855,362
Koninklijke Philips Electronics NV NYRS (Netherlands)			370,200		8,681,190

					60,646,202

Insurance—4.3%
ACE Ltd. (Switzerland)			88,600		6,698,160


Vantagepoint Growth & Income Fund
		Shares		Value
COMMON STOCKS—(Continued)
Berkshire Hathaway, Inc., Class B	*		259,800	$	22,914,360
Marsh & McLennan Cos., Inc.			236,000		8,007,480
Principal Financial Group, Inc.			185,700		5,002,758
Prudential Financial, Inc.			3,200		174,432
Unum Group			174,800		3,359,656
Willis Group Holdings plc (United Kingdom)			260,550		9,619,506

					55,776,352

Internet & Catalog Retail—1.8%
Amazon.com, Inc.	*		55,200		14,038,464
Expedia, Inc.			700		40,488
Groupon, Inc.	*†		43,000		204,680
Liberty Interactive Corp., Series A	*		46,300		856,550
priceline.com, Inc.	*		14,400		8,909,712

					24,049,894

Internet Software & Services—3.2%
Baidu, Inc. ADR (China)	*†		47,900		5,595,678
eBay, Inc.	*		112,800		5,460,648
Equinix, Inc.	*		1,000		206,050
Google, Inc., Class A	*		33,200		25,049,400
LinkedIn Corp., Class A	*†		11,400		1,372,560
Tencent Holdings Ltd. (China)			107,600		3,642,872

					41,327,208

IT Services—3.7%
Accenture plc, Class A (Ireland)			287,500		20,133,625
Alliance Data Systems Corp.	*†		3,300		468,435
Automatic Data Processing, Inc.			224,850		13,189,701
Cognizant Technology Solutions Corp., Class A	*		900		62,928
Fiserv, Inc.	*		4,800		355,344
Mastercard, Inc., Class A			20,400		9,210,192
Visa, Inc., Class A			34,500		4,632,660

					48,052,885

Life Sciences Tools & Services—0.1%
Thermo Fisher Scientific, Inc.			30,600		1,800,198

Machinery—4.0%
Eaton Corp.	†		154,300		7,292,218
Illinois Tool Works, Inc.			309,125		18,383,664
Ingersoll-Rand plc (Ireland)			458,475		20,548,849
Stanley Black & Decker, Inc.			84,800		6,466,000

					52,690,731

Media—4.7%
CBS Corp., Class B			143,900		5,227,887
Comcast Corp., Class A			212,000		7,583,240
Discovery Communications, Inc., Class C	*		49,750		2,787,990
Omnicom Group, Inc.	†		324,900		16,751,844
Thomson Reuters Corp.			253,400		7,313,124
Time Warner, Inc.			420,900		19,079,397
Walt Disney Co. (The)			52,500		2,744,700

					61,488,182

Metals & Mining—0.6%
Barrick Gold Corp. (Canada)			92,400		3,858,624
Steel Dynamics, Inc.			386,400		4,339,272

					8,197,896

Multiline Retail—1.9%
Dollar General Corp.	*		15,500		798,870
Dollar Tree, Inc.	*		11,500		555,162
Kohl’s Corp.			337,675		17,295,714


Vantagepoint Growth & Income Fund
		Shares		Value
COMMON STOCKS—(Continued)
Nordstrom, Inc.			115,100	$	6,351,218

					25,000,964

Oil, Gas & Consumable Fuels—5.9%
Chevron Corp.			153,900		17,938,584
Concho Resources, Inc.	*		16,600		1,572,850
Devon Energy Corp.			312,475		18,904,737
EOG Resources, Inc.			21,800		2,442,690
EQT Corp.			19,100		1,126,900
Marathon Oil Corp.			200,700		5,934,699
Occidental Petroleum Corp.			80,500		6,927,830
Petroleo Brasileiro SA ADR (Brazil)			306,200		7,024,228
Pioneer Natural Resources Co.			17,700		1,847,880
Range Resources Corp.			18,100		1,264,647
Royal Dutch Shell plc ADR (Netherlands)	†		73,500		5,101,635
Southwestern Energy Co.	*		175,400		6,100,412

					76,187,092

Paper & Forest Products—0.7%
International Paper Co.			237,400		8,622,368

Pharmaceuticals—3.2%
Allergan, Inc.			25,000		2,289,500
GlaxoSmithKline plc ADR
(United Kingdom)			323,000		14,935,520
Merck & Co., Inc.			223,940		10,099,694
Perrigo Co.			1,800		209,106
Roche Holding AG ADR (Switzerland)	†		149,900		7,043,801
Teva Pharmaceutical Industries Ltd. ADR (Israel)			185,500		7,681,555

					42,259,176

Professional Services—0.1%
IHS, Inc., Class A	*		16,300		1,586,805

Real Estate Investment Trusts (REITs)—0.5%
American Tower Corp. REIT			97,500		6,960,525

Road & Rail—0.6%
J.B. Hunt Transport Services, Inc.			8,300		431,932
Kansas City Southern			19,500		1,477,710
Union Pacific Corp.			47,600		5,650,120

					7,559,762

Semiconductors & Semiconductor Equipment—2.0%
Altera Corp.			11,800		401,023
Broadcom Corp., Class A	*		118,400		4,094,272
Intel Corp.			361,400		8,196,552
Maxim Integrated Products, Inc.			207,500		5,523,650
Xilinx, Inc.			216,700		7,239,947

					25,455,444

Software—2.0%
Autodesk, Inc.	*		44,200		1,474,954
Intuit, Inc.			13,800		812,544
Microsoft Corp.			664,350		19,784,343
Oracle Corp.			5,700		179,493
Red Hat, Inc.	*		18,500		1,053,390
Salesforce.com, Inc.	*		19,600		2,992,724

					26,297,448

Specialty Retail—0.9%
Bed Bath & Beyond, Inc.	*		6,100		384,300
Home Depot, Inc. (The)			16,300		984,031


Vantagepoint Growth & Income Fund
		Shares		Value
COMMON STOCKS—(Continued)
Limited Brands, Inc.	†		25,100	$	1,236,426
Lowe’s Cos., Inc.			200,700		6,069,168
O’Reilly Automotive, Inc.	*		23,200		1,939,984
Ross Stores, Inc.			10,100		652,460
Tiffany & Co.			100		6,188

					11,272,557

Textiles, Apparel & Luxury Goods—0.9%
Coach, Inc.			21,600		1,210,032
Fossil, Inc.	*		30,800		2,608,760
Michael Kors Holdings Ltd. (Hong Kong)	*		27,500		1,462,450
NIKE, Inc., Class B			20,800		1,974,128
PVH Corp.			25,500		2,389,860
Ralph Lauren Corp.			17,900		2,707,017

					12,352,247

Tobacco—0.5%
Imperial Tobacco Group plc ADR (United Kingdom)			95,500		7,070,820

Trading Companies & Distributors—0.4%
Fastenal Co.	†		74,700		3,211,353
W.W. Grainger, Inc.			9,300		1,937,841

					5,149,194

Wireless Telecommunication Services—0.6%
Vodafone Group plc ADR (United Kingdom)			253,100		7,212,085

TOTAL COMMON STOCKS (Cost $1,013,913,381)					1,260,251,715

MONEY MARKET FUNDS—5.6%
Institutional Money Market Funds—5.6%
Dreyfus Institutional Cash Advantage Fund, 0.13%	††¥		5,000,000		5,000,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%	¥		43,551,441		43,551,441
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%	††¥		3,625,948		3,625,948
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.16%	††¥		5,000,000		5,000,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.17%	††¥		5,000,000		5,000,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.17%	††¥		5,000,000		5,000,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.15%	††¥		5,000,000		5,000,000

TOTAL MONEY MARKET FUNDS (Cost $72,177,389)					72,177,389


Vantagepoint Growth Fund
		Shares		Value
COMMON STOCKS—96.2%
Aerospace & Defense—1.7%
Honeywell International, Inc.			112,579	$	6,726,595
Precision Castparts Corp.			100,028		16,338,574
United Technologies Corp.			130,060		10,182,397

					33,247,566

Air Freight & Logistics—0.9%
C.H. Robinson Worldwide, Inc.			75,264		4,406,707
Expeditors International of Washington, Inc.			138,534		5,037,096
FedEx Corp.			94,300		7,979,666

					17,423,469

Beverages—1.3%
Coca-Cola Co. (The)			660,856		25,066,268

Biotechnology—5.9%
Alexion Pharmaceuticals, Inc.	*		252,234		28,855,570
Biogen Idec, Inc.	*		145,600		21,727,888
Celgene Corp.	*		290,390		22,185,796
Gilead Sciences, Inc.	*		294,611		19,541,548
Vertex Pharmaceuticals, Inc.	*		373,230		20,882,218

					113,193,020

Building Products—0.1%
Masco Corp.			170,900		2,572,045

Capital Markets—1.3%
Affiliated Managers Group, Inc.	*		105,600		12,988,800
State Street Corp.			202,890		8,513,264
T. Rowe Price Group, Inc.			69,832		4,420,366

					25,922,430

Chemicals—4.3%
Ecolab, Inc.			81,960		5,311,828
FMC Corp.			68,375		3,786,607
LyondellBasell Industries NV, Class A (Netherlands)			111,700		5,770,422
Monsanto Co.			583,912		53,147,670
PPG Industries, Inc.			85,600		9,830,304
Sherwin-Williams Co. (The)			28,300		4,214,153

					82,060,984

Commercial Banks—0.4%
Wells Fargo & Co.			250,522		8,650,525

Communications Equipment—3.5%
Cisco Systems, Inc.			351,680		6,713,571
Juniper Networks, Inc.	*		239,650		4,100,412
QUALCOMM, Inc.			905,065		56,557,512

					67,371,495

Computers & Peripherals—9.0%
Apple, Inc.			215,773		143,976,692
EMC Corp.	*		1,117,083		30,462,853

					174,439,545

Consumer Finance—2.1%
American Express Co.			207,549		11,801,236
Capital One Financial Corp.			245,314		13,985,351
Discover Financial Services			370,063		14,702,603

					40,489,190

Diversified Financial Services—1.4%
Citigroup, Inc.			265,360		8,682,579
IntercontinentalExchange, Inc.	*		39,949		5,329,596
JPMorgan Chase & Co.			299,360		12,118,093

					26,130,268


Vantagepoint Growth Fund
		Shares		Value
COMMON STOCKS—(Continued)
Diversified Telecommunication Services—0.8%
AT&T, Inc.			391,700	$	14,767,090

Energy Equipment & Services—4.4%
Cameron International Corp.	*		464,108		26,022,536
Halliburton Co.			402,380		13,556,182
National Oilwell Varco, Inc.			268,710		21,526,358
Schlumberger Ltd.			340,318		24,615,201

					85,720,277

Food & Staples Retailing—1.8%
Costco Wholesale Corp.			83,238		8,334,205
CVS Caremark Corp.			239,307		11,587,245
Whole Foods Market, Inc.			142,530		13,882,422

					33,803,872

Food Products—2.2%
Hershey Co. (The)			159,500		11,306,955
Kraft Foods, Inc., Class A			567,110		23,449,998
Mead Johnson Nutrition Co.			112,200		8,222,016

					42,978,969

Health Care Equipment & Supplies—1.2%
Cooper Cos., Inc. (The)			105,040		9,922,078
Edwards Lifesciences Corp.	*		59,256		6,362,317
Intuitive Surgical, Inc.	*		4,823		2,390,424
Varian Medical Systems, Inc.	*		65,420		3,946,134

					22,620,953

Health Care Providers & Services—1.4%
Cardinal Health, Inc.			263,620		10,273,271
Express Scripts Holding Co.	*		254,100		15,924,447

					26,197,718

Health Care Technology—0.7%
Cerner Corp.	*†		177,769		13,761,098

Hotels, Restaurants & Leisure—4.6%
Chipotle Mexican Grill, Inc.	*		35,200		11,177,408
Las Vegas Sands Corp.			239,980		11,127,873
McDonald’s Corp.			89,050		8,170,338
MGM Resorts International	*		455,700		4,898,775
Starbucks Corp.			715,550		36,314,162
Starwood Hotels & Resorts Worldwide, Inc.			172,600		10,003,896
Yum! Brands, Inc.			105,600		7,005,504

					88,697,956

Industrial Conglomerates—2.3%
Danaher Corp.			343,783		18,959,633
General Electric Co.			1,141,341		25,919,854

					44,879,487

Insurance—0.4%
American International Group, Inc.	*		243,280		7,977,151

Internet & Catalog Retail—2.8%
Amazon.com, Inc.	*		143,945		36,608,092
priceline.com, Inc.	*		27,287		16,883,286

					53,491,378

Internet Software & Services—4.6%
Baidu, Inc. ADR (China)	*†		67,400		7,873,668
eBay, Inc.	*		546,200		26,441,542
Google, Inc., Class A	*		64,720		48,831,240
LinkedIn Corp., Class A	*†		43,300		5,213,320

					88,359,770


Vantagepoint Growth Fund
		Shares		Value
COMMON STOCKS—(Continued)
IT Services—6.9%
Accenture plc, Class A (Ireland)			162,200	$	11,358,866
Cognizant Technology Solutions Corp., Class A	*		545,659		38,152,477
International Business Machines Corp.			22,320		4,630,284
Mastercard, Inc., Class A			50,595		22,842,631
Teradata Corp.	*		222,300		16,763,643
Visa, Inc., Class A			293,070		39,353,439

					133,101,340

Life Sciences Tools & Services—0.7%
Thermo Fisher Scientific, Inc.			215,560		12,681,395

Machinery—2.1%
Caterpillar, Inc.			216,100		18,593,244
Cummins, Inc.			48,900		4,509,069
Deere & Co.			61,134		5,042,944
Stanley Black & Decker, Inc.			169,370		12,914,462

					41,059,719

Media—2.1%
Comcast Corp., Class A			642,150		22,969,706
Viacom, Inc., Class B			170,760		9,151,028
Walt Disney Co. (The)			171,200		8,950,336

					41,071,070

Multiline Retail—0.8%
Dollar Tree, Inc.	*		232,500		11,223,937
Kohl’s Corp.			93,140		4,770,631

					15,994,568

Oil, Gas & Consumable Fuels—3.0%
Cabot Oil & Gas Corp.			124,606		5,594,809
Exxon Mobil Corp.			42,197		3,858,916
Noble Energy, Inc.			102,500		9,502,775
Occidental Petroleum Corp.			84,420		7,265,185
Pioneer Natural Resources Co.			21,500		2,244,600
Suncor Energy, Inc. (Canada)			490,177		16,102,314
Valero Energy Corp.			445,170		14,102,986

					58,671,585

Paper & Forest Products—0.3%
International Paper Co.			170,870		6,205,998

Personal Products—0.3%
Estee Lauder Cos., Inc. (The), Class A			86,091		5,300,623

Pharmaceuticals—6.2%
Allergan, Inc.			348,454		31,911,417
Merck & Co., Inc.			422,180		19,040,318
Mylan, Inc.	*		297,935		7,269,614
Perrigo Co.			175,308		20,365,530
Pfizer, Inc.			584,600		14,527,310
Teva Pharmaceutical Industries Ltd. ADR (Israel)			94,866		3,928,401
Valeant Pharmaceuticals International, Inc. (Canada)	*		99,318		5,489,306
Warner Chilcott plc, Class A (Ireland)			429,837		5,802,800
Watson Pharmaceuticals, Inc.	*		127,850		10,887,706

					119,222,402

Road & Rail—1.8%
Union Pacific Corp.			286,914		34,056,692


Vantagepoint Growth Fund
		Shares		Value
COMMON STOCKS—(Continued)
Semiconductors & Semiconductor Equipment—1.3%
Avago Technologies Ltd. (Singapore)			143,700	$	5,010,101
Broadcom Corp., Class A	*		430,331		14,880,846
Texas Instruments, Inc.			212,271		5,848,066

					25,739,013

Software—4.6%
Check Point Software Technologies Ltd. (Israel)	*		146,325		7,047,012
Citrix Systems, Inc.	*		418,920		32,076,705
Informatica Corp.	*		72,588		2,526,788
Intuit, Inc.			97,200		5,723,136
Microsoft Corp.			724,350		21,571,143
Oracle Corp.			380,810		11,991,707
Salesforce.com, Inc.	*†		49,000		7,481,810

					88,418,301

Specialty Retail—4.0%
CarMax, Inc.	*		300,269		8,497,613
Gap, Inc. (The)			95,500		3,416,990
Home Depot, Inc. (The)			362,440		21,880,503
Limited Brands, Inc.	†		106,600		5,251,116
Lowe’s Cos., Inc.			499,150		15,094,296
Tractor Supply Co.	†		164,700		16,287,183
Ulta Salon Cosmetics & Fragrance, Inc.			40,500		3,900,352
Urban Outfitters, Inc.	*		72,000		2,704,320

					77,032,373

Textiles, Apparel & Luxury Goods—2.5%
Coach, Inc.			127,790		7,158,796
Lululemon Athletica, Inc. (Canada)	*†		200,200		14,802,788
Michael Kors Holdings Ltd. (Hong Kong)	*		127,936		6,803,637
NIKE, Inc., Class B			180,551		17,136,095
Under Armour, Inc., Class A	*†		42,000		2,344,860

					48,246,176

Trading Companies & Distributors—0.3%
Fastenal Co.			151,500		6,512,985

Wireless Telecommunication Services—0.2%
Sprint Nextel Corp.	*		572,000		3,157,440

TOTAL COMMON STOCKS (Cost $1,558,048,179)					1,856,294,204

MONEY MARKET FUNDS—5.8%
Institutional Money Market Funds—5.8%
Dreyfus Institutional Cash Advantage Fund, 0.13%	††¥		5,000,000		5,000,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%	¥		81,973,391		81,973,391
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%	††¥		5,198,607		5,198,607
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.16%	††¥		5,000,000		5,000,000


Vantagepoint Growth Fund
		Shares		Value
MONEY MARKET FUNDS—(Continued)
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.17%	††¥		5,000,000	$	5,000,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.17%	††¥		5,000,000		5,000,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.15%	††¥		5,000,000		5,000,000

TOTAL MONEY MARKET FUNDS (Cost $112,171,997)					112,171,998

TOTAL INVESTMENTS—102.0% (Cost $1,670,220,176)					1,968,466,202
Other assets less liabilities—(2.0%)					(39,201,569	)

NET ASSETS—100.0%				$	1,929,264,633

Legend to the Schedule of Investments:

ADR	American Depositary Receipt

*	Non-income producing.

†	Denotes all or a portion of the security on loan.

††	Represents reinvestment of collateral received in conjunction with securities lending.

¥	The rate quoted is the annualized seven-day yield of the fund at period end.


Vantagepoint Select Value Fund
		Shares		Value
COMMON STOCKS—95.7%
Aerospace & Defense—4.3%
L-3 Communications Holdings, Inc.			28,800	$	2,065,248
Northrop Grumman Corp.			17,900		1,189,097
Rockwell Collins, Inc.			52,700		2,826,828
Spirit Aerosystems Holdings, Inc., Class A	*		84,100		1,867,861
TransDigm Group, Inc.	*		35,619		5,053,268
Triumph Group, Inc.	†		32,700		2,044,731

					15,047,033

Auto Components—0.3%
Dana Holding Corp.			36,650		450,795
Delphi Automotive plc (United Kingdom)	*		22,600		700,600

					1,151,395

Beverages—0.5%
Coca-Cola Enterprises, Inc.			29,150		911,521
Molson Coors Brewing Co., Class B			22,525		1,014,751

					1,926,272

Capital Markets—0.9%
Northern Trust Corp.			29,300		1,359,959
Raymond James Financial, Inc.			47,475		1,739,959

					3,099,918

Chemicals—1.4%
Agrium, Inc. (Canada)			3,775		390,561
Ashland, Inc.			27,325		1,956,470
CF Industries Holdings, Inc.			2,853		634,051
Cytec Industries, Inc.			9,750		638,820
PPG Industries, Inc.			10,400		1,194,336

					4,814,238

Commercial Banks—4.5%
Bank of Hawaii Corp.			23,518		1,072,891
Comerica, Inc.			86,100		2,673,405
Fifth Third Bancorp			57,525		892,213
First Niagara Financial Group, Inc.			109,300		884,237
KeyCorp			306,050		2,674,877
M&T Bank Corp.	†		26,500		2,521,740
Regions Financial Corp.			384,225		2,770,262
TCF Financial Corp.			195,202		2,330,712

					15,820,337

Commercial Services & Supplies—1.5%
R.R. Donnelley & Sons Co.	†		178,313		1,890,118
Republic Services, Inc.			33,400		918,834
Steelcase, Inc., Class A			245,300		2,416,205

					5,225,157

Communications Equipment—0.7%
Comtech Telecommunications Corp.	†		64,200		1,774,488
Riverbed Technology, Inc.	*		33,700		784,199

					2,558,687

Computers & Peripherals—0.7%
Lexmark International, Inc., Class A	†		64,200		1,428,450
NetApp, Inc.	*		34,425		1,131,894

					2,560,344

Construction & Engineering—2.0%
Jacobs Engineering Group, Inc.	*		64,700		2,615,821
KBR, Inc.			37,010		1,103,638


Vantagepoint Select Value Fund
		Shares		Value
COMMON STOCKS—(Continued)
URS Corp.			94,520	$	3,337,501

					7,056,960

Consumer Finance—1.3%
Discover Financial Services			68,700		2,729,451
SLM Corp.			119,300		1,875,396

					4,604,847

Containers & Packaging—1.8%
Bemis Co., Inc.			98,300		3,093,501
Sonoco Products Co.			107,617		3,335,051

					6,428,552

Diversified Consumer Services—0.7%
H&R Block, Inc.			138,900		2,407,137

Diversified Financial Services—0.4%
PHH Corp.	*†		63,200		1,286,120

Electric Utilities—2.7%
Cleco Corp.			46,875		1,967,813
Great Plains Energy, Inc.			103,200		2,297,232
OGE Energy Corp.			12,200		676,612
Pinnacle West Capital Corp.			64,200		3,389,760
PPL Corp.			41,925		1,217,921

					9,549,338

Electrical Equipment—0.6%
Hubbell, Inc., Class B			28,300		2,284,942

Electronic Equipment, Instruments & Components—3.5%
Arrow Electronics, Inc.	*		77,500		2,612,525
Avnet, Inc.	*		98,400		2,862,456
FEI Co.			23,250		1,243,875
FLIR Systems, Inc.			117,300		2,343,068
Ingram Micro, Inc., Class A	*		151,200		2,302,776
Jabil Circuit, Inc.			57,725		1,080,612

					12,445,312

Energy Equipment & Services—3.3%
Ensco plc, Class A (United Kingdom)			46,057		2,512,870
McDermott International, Inc.	*		158,600		1,938,092
Noble Corp. (Switzerland)	*		34,600		1,237,988
Oil States International, Inc.	*		18,325		1,456,104
Patterson-UTI Energy, Inc.	†		116,100		1,839,024
SEACOR Holdings, Inc.	*		26,000		2,167,360
Superior Energy Services, Inc.	*		30,650		628,938

					11,780,376

Food & Staples Retailing—1.6%
Harris Teeter Supermarkets, Inc.			45,765		1,777,513
Kroger Co. (The)			119,000		2,801,260
Sysco Corp.			36,600		1,144,482

					5,723,255

Food Products—1.1%
Hain Celestial Group, Inc. (The)	*		9,800		617,400
Hillshire Brands Co.			45,270		1,212,331
J.M. Smucker Co. (The)			23,800		2,054,654

					3,884,385

Gas Utilities—0.4%
UGI Corp.			42,800		1,358,900

Health Care Equipment & Supplies—1.0%
Becton Dickinson and Co.			20,500		1,610,480


Vantagepoint Select Value Fund
		Shares		Value
COMMON STOCKS—(Continued)
Sirona Dental Systems, Inc.	*		34,400	$	1,959,424

					3,569,904

Health Care Providers & Services—1.8%
Cigna Corp.			56,900		2,683,973
HCA Holdings, Inc.			78,500		2,610,125
WellCare Health Plans, Inc.	*		17,050		964,177

					6,258,275

Hotels, Restaurants & Leisure—2.4%
Darden Restaurants, Inc.	†		66,000		3,679,500
Marriott Vacations Worldwide Corp.	*		3,400		122,468
Wyndham Worldwide Corp.			86,125		4,519,840

					8,321,808

Household Durables—0.6%
MDC Holdings, Inc.			20,475		788,492
Mohawk Industries, Inc.	*		15,700		1,256,314

					2,044,806

Independent Power Producers & Energy Traders—0.3%
Calpine Corp.	*		55,225		955,392

Industrial Conglomerates—0.9%
Carlisle Cos., Inc.			61,600		3,198,272

Insurance—11.9%
Alleghany Corp.	*		9,170		3,163,100
Allied World Assurance Co. Holdings AG (Switzerland)			18,000		1,390,500
Allstate Corp. (The)			228,700		9,058,807
Aon plc (United Kingdom)			46,249		2,418,360
Arch Capital Group Ltd. (Bermuda)	*		56,300		2,346,584
Endurance Specialty Holdings Ltd. (Bermuda)			63,400		2,440,900
Fidelity National Financial, Inc., Class A			68,300		1,460,937
HCC Insurance Holdings, Inc.			88,900		3,012,821
Lincoln National Corp.			339,837		8,220,657
Loews Corp.			51,600		2,129,016
Progressive Corp. (The)	†		142,600		2,957,524
Torchmark Corp.			20,000		1,027,000
Validus Holdings Ltd. (Bermuda)			77,300		2,621,243

					42,247,449

Internet & Catalog Retail—0.2%
Liberty Interactive Corp., Series A	*		39,400		728,900

Internet Software & Services—0.8%
Open Text Corp. (Canada)	*		30,500		1,681,770
ValueClick, Inc.	*		74,150		1,274,639

					2,956,409

IT Services—4.3%
Broadridge Financial Solutions, Inc.			78,200		1,824,406
Computer Sciences Corp.			149,599		4,818,584
Convergys Corp.			153,200		2,400,644
Fidelity National Information Services, Inc.			37,175		1,160,603
SAIC, Inc.	†		159,100		1,915,564
Western Union Co. (The)			176,100		3,208,542

					15,328,343

Leisure Equipment & Products—2.0%
Brunswick Corp.			198,900		4,501,107


Vantagepoint Select Value Fund
		Shares		Value
COMMON STOCKS—(Continued)
Mattel, Inc.			73,800	$	2,618,424

					7,119,531

Life Sciences Tools & Services—1.7%
Charles River Laboratories
International, Inc.	*		31,025		1,228,590
Covance, Inc.	*		20,400		952,476
Life Technologies Corp.	*		50,400		2,463,552
PerkinElmer, Inc.			42,725		1,259,106

					5,903,724

Machinery—2.5%
AGCO Corp.	*		30,450		1,445,766
Dover Corp.			42,100		2,504,529
Eaton Corp.	†		43,700		2,065,262
Flowserve Corp.			15,700		2,005,518
Snap-on, Inc.			9,925		713,310

					8,734,385

Media—0.9%
CBS Corp., Class B			27,875		1,012,699
Omnicom Group, Inc.			44,400		2,289,264

					3,301,963

Metals & Mining—0.5%
Nucor Corp.			43,500		1,664,310

Multiline Retail—0.3%
Macy’s, Inc.			32,600		1,226,412

Multi-Utilities—2.5%
CMS Energy Corp.			100,725		2,372,074
NiSource, Inc.			102,750		2,618,070
PG&E Corp.			78,900		3,366,663
SCANA Corp.	†		8,600		415,122

					8,771,929

Oil, Gas & Consumable Fuels—6.2%
Cimarex Energy Co.			46,500		2,722,575
Energen Corp.			89,200		4,674,972
Hess Corp.			32,500		1,745,900
HollyFrontier Corp.			57,425		2,369,930
Marathon Petroleum Corp.			9,600		524,064
Murphy Oil Corp.			46,200		2,480,478
Plains Exploration & Production Co.	*		63,725		2,387,776
QEP Resources, Inc.	†		79,300		2,510,638
Southwestern Energy Co.	*		76,200		2,650,236

					22,066,569

Paper & Forest Products—0.3%
MeadWestvaco Corp.			35,525		1,087,065

Personal Products—0.5%
Herbalife Ltd. (Cayman Islands)			21,700		1,028,580
Nu Skin Enterprises, Inc., Class A	†		16,850		654,286

					1,682,866

Pharmaceuticals—0.3%
Impax Laboratories, Inc.	*		34,675		900,163

Professional Services—1.6%
Dun & Bradstreet Corp. (The)			29,500		2,348,790
Manpower, Inc.			38,600		1,420,480
Towers Watson & Co., Class A			36,400		1,931,020

					5,700,290


Vantagepoint Select Value Fund
		Shares		Value
COMMON STOCKS—(Continued)
Real Estate Investment Trusts (REITs)—6.5%
Annaly Capital Management, Inc. REIT	†		83,800	$	1,411,192
BioMed Realty Trust, Inc. REIT	†		120,525		2,256,228
Brandywine Realty Trust REIT			194,600		2,372,174
Capstead Mortgage Corp. REIT			78,400		1,057,616
CBL & Associates Properties, Inc. REIT			75,200		1,604,768
Digital Realty Trust, Inc. REIT	†		9,850		688,022
Duke Realty Corp. REIT			317,032		4,660,370
DuPont Fabros Technology, Inc. REIT	†		23,475		592,744
Entertainment Properties Trust REIT			24,400		1,084,092
Hatteras Financial Corp. REIT			38,100		1,074,039
Health Care REIT, Inc. REIT			37,750		2,180,062
Home Properties, Inc. REIT			6,895		422,457
Kilroy Realty Corp. REIT			19,525		874,330
MFA Financial, Inc. REIT			146,000		1,241,000
Weyerhaeuser Co. REIT			52,100		1,361,894

					22,880,988

Road & Rail—2.2%
Hertz Global Holdings, Inc.	*		141,725		1,945,884
Ryder System, Inc.			61,700		2,410,002
Werner Enterprises, Inc.			168,884		3,609,051

					7,964,937

Semiconductors & Semiconductor Equipment—3.4%
Analog Devices, Inc.			75,500		2,958,845
Applied Materials, Inc.			194,300		2,169,359
Broadcom Corp., Class A	*		54,625		1,888,932
Lam Research Corp.	*		73,700		2,342,555
NXP Semiconductor NV (Netherlands)	*		32,275		807,198
Skyworks Solutions, Inc.	*		74,825		1,763,251

					11,930,140

Software—1.4%
Autodesk, Inc.	*		38,200		1,274,734
BMC Software, Inc.	*		1,000		41,490
Cadence Design Systems, Inc.	*†		195,600		2,516,394
Synopsys, Inc.	*		38,400		1,267,968

					5,100,586

Specialty Retail—2.0%
Foot Locker, Inc.			86,400		3,067,200
GNC Holdings, Inc., Class A			55,800		2,174,526
Pier 1 Imports, Inc.			95,725		1,793,886

					7,035,612

Textiles, Apparel & Luxury Goods—1.4%
PVH Corp.			14,025		1,314,423
V.F. Corp.			22,900		3,649,344

					4,963,767

Trading Companies & Distributors—0.6%
United Rentals, Inc.	*†		68,500		2,240,635

Water Utilities—0.5%
American Water Works Co., Inc.			50,500		1,871,530

TOTAL COMMON STOCKS (Cost $292,695,845)					338,770,465


Vantagepoint Select Value Fund
		Shares		Value
MONEY MARKET FUNDS—11.8%
Institutional Money Market Funds—11.8%
Dreyfus Institutional Cash Advantage Fund, 0.13%	††¥		4,000,000	$	4,000,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%	¥		16,782,084		16,782,084
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%	††¥		5,134,157		5,134,156
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.16%	††¥		4,000,000		4,000,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.17%	††¥		4,000,000		4,000,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.17%	††¥		4,000,000		4,000,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.15%	††¥		4,000,000		4,000,000

TOTAL MONEY MARKET FUNDS (Cost $41,916,240)					41,916,240

TOTAL INVESTMENTS—107.5% (Cost $334,612,085)					380,686,705
Other assets less liabilities—(7.5%)					(26,657,200	)

NET ASSETS—100.0%				$	354,029,505

Legend to the Schedule of Investments:

REIT	Real Estate Investment Trust

*	Non-income producing.

†	Denotes all or a portion of the security on loan.

††	Represents reinvestment of collateral received in conjunction with securities lending.

¥	The rate quoted is the annualized seven-day yield of the fund at period end.


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—96.8%
Aerospace & Defense—2.0%
B/E Aerospace, Inc.	*		15,437	$	649,897
Rockwell Collins, Inc.			60,986		3,271,289
Spirit Aerosystems Holdings, Inc., Class A	*		28,971		643,446
Textron, Inc.	†		25,048		655,506
TransDigm Group, Inc.	*		73,694		10,454,968
Triumph Group, Inc.	†		70,224		4,391,107

					20,066,213

Air Freight & Logistics—1.0%
C.H. Robinson Worldwide, Inc.			10,742		628,944
Expeditors International of Washington, Inc.			17,619		640,627
FedEx Corp.			100,100		8,470,462

					9,740,033

Airlines—0.7%
Copa Holdings SA, Class A (Panama)			59,764		4,857,020
Delta Air Lines, Inc.	*		70,392		644,791
Southwest Airlines Co.			73,120		641,262
United Continental Holdings, Inc.	*†		33,567		654,557

					6,797,630

Auto Components—1.5%
Allison Transmission Holdings, Inc.	†		32,342		650,721
BorgWarner, Inc.	*†		104,266		7,205,823
Delphi Automotive plc (United Kingdom)	*		20,806		644,986
Gentex Corp.	†		37,664		640,665
Goodyear Tire & Rubber Co. (The)	*		53,672		654,262
Visteon Corp.	*		14,755		656,007
WABCO Holdings, Inc.	*		81,635		4,707,890

					15,160,354

Automobiles—0.5%
Harley-Davidson, Inc.			15,339		649,913
Tesla Motors, Inc.	*†		118,849		3,479,899
Thor Industries, Inc.			17,818		647,150

					4,776,962

Beverages—0.8%
Boston Beer Co., Inc. (The), Class A	*†		29,834		3,340,513
Brown-Forman Corp., Class B			9,892		645,453
Coca-Cola Enterprises, Inc.			20,866		652,480
Dr. Pepper Snapple Group, Inc.	†		14,330		638,115
Monster Beverage Corp.	*		51,379		2,782,686

					8,059,247

Biotechnology—2.2%
Alexion Pharmaceuticals, Inc.	*		28,729		3,286,598
Ariad Pharmaceuticals, Inc.	*		27,642		669,627
BioMarin Pharmaceutical, Inc.	*†		104,248		4,198,067
Cepheid, Inc.	*		61,567		2,124,677
Cubist Pharmaceuticals, Inc.	*†		86,372		4,118,217
Incyte Corp. Ltd.	*†		34,020		614,061
Medivation, Inc.	*		11,694		659,074
Myriad Genetics, Inc.	*		24,255		654,642
Onyx Pharmaceuticals, Inc.	*		7,685		649,382
Orexigen Therapeutics, Inc.	*†		117,200		669,212
Regeneron Pharmaceuticals, Inc.	*		4,316		658,881
Threshold Pharmaceuticals, Inc.	*†		127,603		923,846


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
United Therapeutics Corp.	*		11,506	$	642,955
Vertex Pharmaceuticals, Inc.	*		43,489		2,433,210

					22,302,449

Building Products—0.3%
Armstrong World Industries, Inc.	†		13,899		644,496
Fortune Brands Home & Security, Inc.	*		23,587		637,085
Lennox International, Inc.	†		13,292		642,801
Masco Corp.			42,398		638,090

					2,562,472

Capital Markets—2.3%
Affiliated Managers Group, Inc.	*		43,109		5,302,407
Bank of New York Mellon Corp. (The)			361,800		8,183,916
Carlyle Group LP (The)			116,200		3,049,088
Eaton Vance Corp.	†		22,470		650,731
Federated Investors, Inc., Class B	†		30,706		635,307
Lazard Ltd., Class A (Bermuda)	†		22,260		650,660
LPL Financial Holdings, Inc.	†		22,833		651,654
SEI Investments Co.			31,311		671,621
Stifel Financial Corp.	*†		65,030		2,185,008
T. Rowe Price Group, Inc.			10,066		637,178
Waddell & Reed Financial, Inc., Class A	†		19,703		645,667

					23,263,237

Chemicals—2.4%
Airgas, Inc.			104,886		8,632,118
Albemarle Corp.			12,401		653,285
Celanese Corp., Class A			17,261		654,365
CF Industries Holdings, Inc.			2,955		656,719
Eastman Chemical Co.			11,534		657,553
Ecolab, Inc.			62,200		4,031,182
FMC Corp.			12,077		668,824
International Flavors & Fragrances, Inc.			10,961		653,056
Intrepid Potash, Inc.	*†		30,529		655,763
NewMarket Corp.	†		2,669		657,855
PPG Industries, Inc.			5,595		642,530
Rockwood Holdings, Inc.			13,667		636,882
RPM International, Inc.			22,554		643,691
Scotts Miracle-Gro Co. (The), Class A			15,328		666,308
Sherwin-Williams Co. (The)			4,334		645,376
Sigma-Aldrich Corp.	†		8,567		616,567
Valspar Corp.			11,406		639,877
W.R. Grace & Co.	*		11,030		651,652
Westlake Chemical Corp.			8,910		650,965

					23,714,568

Commercial Banks—0.1%
Signature Bank/New York	*†		9,701		650,743

Commercial Services & Supplies—1.1%
Cintas Corp.			15,623		647,573
Clean Harbors, Inc.	*		83,478		4,077,900
Copart, Inc.	*		23,422		649,492
Covanta Holding Corp.			36,532		626,889
Iron Mountain, Inc.			18,700		637,857
Pitney Bowes, Inc.	†		46,320		640,143
Rollins, Inc.			28,855		674,919
Stericycle, Inc.	*		28,906		2,616,571


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
Waste Connections, Inc.			21,068	$	637,307

					11,208,651

Communications Equipment—0.4%
Acme Packet, Inc.	*†		37,130		634,923
EchoStar Corp., Class A	*		22,406		642,156
F5 Networks, Inc.	*		6,175		646,522
Harris Corp.			12,622		646,499
Palo Alto Networks, Inc.	*		10,000		615,700
Riverbed Technology, Inc.	*		27,628		642,904

					3,828,704

Computers & Peripherals—1.6%
Dell, Inc.			913,000		9,002,180
Diebold, Inc.			19,151		645,580
Fusion-io, Inc.	*†		21,429		648,656
NCR Corp.	*		28,660		668,065
NetApp, Inc.	*		72,864		2,395,768
Stratasys, Inc.	*†		31,083		1,690,915
Western Digital Corp.			17,372		672,818

					15,723,982

Construction & Engineering—1.1%
ACS Actividades de Construcciony Servicios SA (Spain)			304,000		6,265,624
Chicago Bridge & Iron Co. NV (Netherlands)			16,922		644,559
Fluor Corp.			11,437		643,674
URS Corp.			97,000		3,425,070

					10,978,927

Construction Materials—1.7%
Cemex SAB de CV ADR (Mexico)	*†		1,017,755		8,477,899
Martin Marietta Materials, Inc.			7,820		648,044
Vulcan Materials Co.			160,924		7,611,705

					16,737,648

Containers & Packaging—0.4%
AptarGroup, Inc.			12,572		650,098
Ball Corp.			14,749		624,030
Crown Holdings, Inc.	*		17,753		652,423
Owens-Illinois, Inc.	*		32,828		615,853
Packaging Corp. of America			18,051		655,251
Rock-Tenn Co., Class A			9,091		656,189
Silgan Holdings, Inc.			15,208		661,700

					4,515,544

Distributors—0.5%
Genuine Parts Co.			10,622		648,261
LKQ Corp.	*†		34,074		630,369
Pool Corp.			97,300		4,045,734

					5,324,364

Diversified Consumer Services—0.2%
Apollo Group, Inc., Class A	*		22,219		645,462
H&R Block, Inc.	†		37,150		643,809
ITT Educational Services, Inc.	*		20,085		647,340
Weight Watchers International, Inc.	†		11,563		610,526

					2,547,137

Diversified Financial Services—0.8%
CBOE Holdings, Inc.			21,891		644,033
IntercontinentalExchange, Inc.	*		4,655		621,023
Leucadia National Corp.			29,013		660,046
Moody’s Corp.			14,634		646,384


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
MSCI, Inc.	*		18,072	$	646,797
NASDAQ OMX Group, Inc. (The)			222,200		5,176,149

					8,394,432

Diversified Telecommunication Services—1.6%
Level 3 Communications, Inc.	*		430,001		9,877,123
tw telecom inc.	*		198,133		5,165,327
Windstream Corp.	†		63,493		641,914

					15,684,364

Electric Utilities—0.1%
ITC Holdings Corp.	†		8,677		655,808

Electrical Equipment—1.1%
AMETEK, Inc.			121,190		4,296,186
Babcock & Wilcox Co. (The)	*		25,367		646,097
Cooper Industries plc			8,648		649,119
General Cable Corp.	*		21,829		641,336
Hubbell, Inc., Class B			8,207		662,633
Polypore International, Inc.	*†		18,520		654,682
Regal-Beloit Corp.	†		29,120		2,052,378
Rockwell Automation, Inc.			9,347		650,084
Roper Industries, Inc.			5,880		646,153

					10,898,668

Electronic Equipment, Instruments & Components—0.9%
Amphenol Corp., Class A			11,188		658,749
Dolby Laboratories, Inc., Class A	*†		19,094		625,329
FEI Co.	†		44,024		2,355,284
FLIR Systems, Inc.			31,402		627,255
IPG Photonics Corp.	*†		11,560		662,388
Jabil Circuit, Inc.			34,418		644,305
National Instruments Corp.	†		25,555		643,219
Trimble Navigation Ltd.	*		56,068		2,672,201

					8,888,730

Energy Equipment & Services—1.8%
Atwood Oceanics, Inc.	*		14,236		647,026
Cameron International Corp.	*		85,832		4,812,600
CARBO Ceramics, Inc.	†		10,119		636,688
Dresser-Rand Group, Inc.	*		11,805		650,574
FMC Technologies, Inc.	*		14,108		653,200
Gulfmark Offshore, Inc., Class A	*		52,292		1,727,728
Helmerich & Payne, Inc.	†		13,584		646,734
Oceaneering International, Inc.			11,859		655,210
Oil States International, Inc.	*		77,237		6,137,252
RPC, Inc.	†		54,497		647,969
SEACOR Holdings, Inc.	*		7,750		646,040

					17,861,021

Food & Staples Retailing—0.7%
Fresh Market, Inc. (The)	*		58,298		3,496,714
Kroger Co. (The)			26,820		631,343
Safeway, Inc.	†		40,316		648,684
Whole Foods Market, Inc.			24,663		2,402,176

					7,178,917

Food Products—1.4%
Annie’s, Inc.	*†		45,667		2,047,708
Campbell Soup Co.	†		19,206		668,753
Dean Foods Co.	*		39,293		642,441
Flowers Foods, Inc.	†		31,903		643,803
Green Mountain Coffee Roasters, Inc.	*†		28,274		671,508
H.J. Heinz Co.			11,477		642,138
Hershey Co. (The)			58,737		4,163,866


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
Hillshire Brands Co.			24,189	$	647,781
Hormel Foods Corp.	†		22,277		651,379
Ingredion, Inc.			11,847		653,481
McCormick & Co., Inc.			10,652		660,850
Mead Johnson Nutrition Co.			8,694		637,096
Smart Balance, Inc.	*†		126,749		1,531,128

					14,261,932

Gas Utilities—0.1%
ONEOK, Inc.			13,531		653,682
Questar Corp.			32,399		658,672

					1,312,354

Health Care Equipment & Supplies—1.9%
Align Technology, Inc.	*†		67,712		2,503,313
Boston Scientific Corp.	*		428,000		2,456,720
C.R. Bard, Inc.			6,181		646,842
Cooper Cos., Inc. (The)			6,861		648,090
DENTSPLY International, Inc.			16,430		626,640
Edwards Lifesciences Corp.	*		6,042		648,730
HeartWare International, Inc.	*†		16,649		1,573,164
IDEXX Laboratories, Inc.	*†		6,564		652,133
ResMed, Inc.	†		16,145		653,388
Sirona Dental Systems, Inc.	*		57,303		3,263,979
St. Jude Medical, Inc.			15,355		646,906
Thoratec Corp.	*		107,482		3,718,877
Varian Medical Systems, Inc.	*		10,400		627,328
Zimmer Holdings, Inc.			9,692		655,373

					19,321,483

Health Care Providers & Services—3.7%
AMERIGROUP Corp.	*		7,070		646,410
AmerisourceBergen Corp.			16,242		628,728
Catamaran Corp.	*†		65,593		6,426,146
DaVita, Inc.	*		147,072		15,238,130
Hanger, Inc.	*		93,146		2,657,455
HCA Holdings, Inc.			19,652		653,429
Health Management Associates, Inc., Class A	*		393,500		3,301,465
Henry Schein, Inc.	*		7,983		632,812
Laboratory Corp. of America Holdings	*		6,852		633,605
Patterson Cos., Inc.			18,025		617,176
Quest Diagnostics, Inc.			10,202		647,113
Team Health Holdings, Inc.	*		121,560		3,297,923
Tenet Healthcare Corp.	*		103,682		650,086
Universal Health Services, Inc., Class B			14,222		650,372

					36,680,850

Health Care Technology—0.3%
athenahealth, Inc.	*†		24,023		2,204,591
Cerner Corp.	*		8,243		638,090

					2,842,681

Hotels, Restaurants & Leisure—1.9%
Bally Technologies, Inc.	*†		13,259		654,862
Brinker International, Inc.			18,440		650,932
Chipotle Mexican Grill, Inc.	*		2,078		659,848
Choice Hotels International, Inc.	†		20,296		649,269
Darden Restaurants, Inc.			12,057		672,178
Dunkin’ Brands Group, Inc.			22,073		644,421
InterContinental Hotels Group plc ADR (United Kingdom)			119,504		3,136,980
International Game Technology			49,594		649,185


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
Marriott International, Inc., Class A	†		15,791	$	617,428
Panera Bread Co., Class A	*		27,612		4,718,615
Penn National Gaming, Inc.	*		15,133		652,232
Starwood Hotels & Resorts Worldwide, Inc.			11,238		651,355
Wyndham Worldwide Corp.			68,775		3,609,312
Wynn Resorts Ltd.			5,642		651,313

					18,617,930

Household Durables—0.7%
D.R. Horton, Inc.	†		31,584		651,894
Garmin Ltd. (Switzerland)	†		15,444		644,632
Jarden Corp.	†		12,376		653,948
NVR, Inc.	*†		733		619,018
SodaStream International Ltd. (Israel)	*†		68,829		2,696,032
Tempur-Pedic International, Inc.	*†		23,093		690,250
Tupperware Brands Corp.			11,557		619,340

					6,575,114

Household Products—0.4%
Church & Dwight Co., Inc.			66,598		3,595,626
Clorox Co. (The)			8,640		622,512

					4,218,138

Industrial Conglomerates—0.9%
Carlisle Cos., Inc.			12,290		638,097
Koninklijke Philips Electronics NV NYRS (Netherlands)			350,500		8,219,225

					8,857,322

Insurance—5.6%
Aflac, Inc.			69,300		3,318,084
Allied World Assurance Co. Holdings AG (Switzerland)			8,032		620,472
Aon plc (United Kingdom)			166,909		8,727,672
Arch Capital Group Ltd. (Bermuda)	*†		16,346		681,301
Arthur J. Gallagher & Co.			17,654		632,366
Assured Guaranty Ltd. (Bermuda)			183,400		2,497,908
Axis Capital Holdings Ltd. (Bermuda)			143,700		5,018,004
Brown & Brown, Inc.			24,830		647,318
Endurance Specialty Holdings Ltd. (Bermuda)	†		16,855		648,918
Erie Indemnity Co., Class A			10,044		645,528
Fairfax Financial Holdings Ltd. (Canada)			19,400		7,504,502
Hanover Insurance Group, Inc. (The)			17,505		652,236
Loews Corp.			221,400		9,134,964
RenaissanceRe Holdings Ltd. (Bermuda)			107,500		8,281,800
Travelers Cos., Inc. (The)			87,000		5,938,620
Validus Holdings Ltd. (Bermuda)			18,326		621,435

					55,571,128

Internet & Catalog Retail—1.4%
Expedia, Inc.			49,143		2,842,431
Groupon, Inc.	*†		135,885		646,813
HomeAway, Inc.	*		28,714		673,343
Liberty Interactive Corp., Series A	*		360,628		6,671,618
Liberty Ventures, Series A	*†		13,113		650,929
Netflix, Inc.	*		11,693		636,567


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
TripAdvisor, Inc.	*		44,684	$	1,471,444

					13,593,145

Internet Software & Services—2.8%
Akamai Technologies, Inc.	*		17,028		651,491
Angie’s List, Inc.	*†		108,960		1,152,797
AOL, Inc.	*†		18,762		660,985
CoStar Group, Inc.	*†		26,654		2,173,367
DealerTrack Holdings, Inc.	*		2,208		61,493
Equinix, Inc.	*†		3,179		655,033
ExactTarget, Inc.	*		137,000		3,318,140
IAC/InterActiveCorp			12,502		650,854
LinkedIn Corp., Class A	*		5,453		656,541
Liquidity Services, Inc.	*†		45,651		2,292,137
MercadoLibre, Inc. (Argentina)			33,968		2,804,059
Rackspace Hosting, Inc.	*		44,809		2,961,427
VeriSign, Inc.	*		198,706		9,674,995

					27,713,319

IT Services—5.7%
Alliance Data Systems Corp.	*†		83,911		11,911,166
Amdocs Ltd.			201,800		6,657,382
Broadridge Financial Solutions, Inc.			27,731		646,964
CoreLogic, Inc.	*		78,286		2,076,928
DST Systems, Inc.			11,559		653,777
Fiserv, Inc.	*		8,815		652,574
FleetCor Technologies, Inc.	*		14,676		657,485
Gartner, Inc.	*		210,662		9,709,412
Genpact Ltd.			39,079		651,838
Global Payments, Inc.			74,018		3,096,173
Jack Henry & Associates, Inc.			17,180		651,122
Lender Processing Services, Inc.			23,335		650,813
NeuStar, Inc., Class A	*		189,540		7,587,286
Paychex, Inc.			19,092		635,573
SAIC, Inc.			51,826		623,985
Teradata Corp.	*		44,212		3,334,027
Total System Services, Inc.			25,998		616,153
Vantiv, Inc., Class A	*		138,918		2,993,683
VeriFone Systems, Inc.	*		91,028		2,535,130
Western Union Co. (The)			35,243		642,127

					56,983,598

Leisure Equipment & Products—0.5%
Hasbro, Inc.	†		17,277		659,463
LeapFrog Enterprises, Inc.	*		301,689		2,721,235
Mattel, Inc.			18,220		646,446
Polaris Industries, Inc.			8,014		648,092

					4,675,236

Life Sciences Tools & Services—0.6%
Agilent Technologies, Inc.			16,801		645,998
BG Medicine, Inc.	*		151,798		558,617
Bruker Corp.	*		49,847		652,497
Charles River Laboratories International, Inc.	*		16,699		661,280
Covance, Inc.	*		13,221		617,288
Illumina, Inc.	*†		13,823		666,269
Life Technologies Corp.	*		13,245		647,416
Mettler-Toledo International, Inc.	*†		3,773		644,202
Techne Corp.			9,032		649,762
Waters Corp.	*		7,617		634,725

					6,378,054


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
Machinery—3.2%
Chart Industries, Inc.	*†		48,165	$	3,556,985
Colfax Corp.	*†		17,987		659,583
Donaldson Co., Inc.	†		18,989		659,108
Flowserve Corp.			5,126		654,795
Gardner Denver, Inc.			48,900		2,954,049
Graco, Inc.			81,687		4,107,222
IDEX Corp.	†		15,899		664,101
Ingersoll-Rand plc (Ireland)			14,358		643,526
ITT Corp.			32,160		648,024
Joy Global, Inc.			11,341		635,777
Lincoln Electric Holdings, Inc.	†		16,772		654,947
Manitowoc Co., Inc. (The)	†		49,198		656,301
Nordson Corp.	†		53,798		3,153,639
PACCAR, Inc.			16,031		641,641
Pall Corp.			53,973		3,426,746
Parker Hannifin Corp.			8,038		671,816
Snap-on, Inc.			9,138		656,748
SPX Corp.			9,529		623,292
Timken Co.			17,330		643,983
Toro Co. (The)	†		16,745		666,116
Valmont Industries, Inc.			5,210		685,115
Wabtec Corp.			51,153		4,107,074
Xylem, Inc.			25,601		643,865

					32,414,453

Marine—0.1%
Kirby Corp.	*†		11,811		652,912
Matson, Inc.			30,946		647,081

					1,299,993

Media—5.2%
AMC Networks, Inc., Class A	*		14,963		651,190
Cablevision Systems Corp., Class A			40,546		642,654
Charter Communications, Inc., Class A	*		8,615		646,728
Cinemark Holdings, Inc.	†		28,764		645,177
Clear Channel Outdoor Holdings, Inc., Class A	*†		111,778		668,432
DIRECTV	*		153,400		8,047,364
Discovery Communications, Inc., Class A	*		10,895		649,669
Discovery Communications, Inc., Class C	*		140,400		7,868,016
DISH Network Corp., Class A			21,639		662,370
Interpublic Group of Cos., Inc. (The)			59,591		662,652
John Wiley & Sons, Inc., Class A			13,968		641,830
Lamar Advertising Co., Class A	*		17,595		652,071
Liberty Global, Inc., Series A	*		10,739		652,394
Liberty Media Corp. - Liberty Capital, Class A	*		6,313		657,625
Madison Square Garden Co. (The), Class A	*		16,296		656,240
McGraw-Hill Cos., Inc. (The)			59,922		3,271,142
Morningstar, Inc.	†		10,688		669,496
National CineMedia, Inc.			140,600		2,301,622
Omnicom Group, Inc.			12,529		645,995
Pandora Media, Inc.	*†		56,633		620,131
Regal Entertainment Group, Class A	†		46,616		655,887
Scripps Networks Interactive, Inc., Class A			10,965		671,387


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
Sirius XM Radio, Inc.	*		251,774	$	654,612
Virgin Media, Inc.	†		402,147		11,839,208
Walt Disney Co. (The)			119,300		6,237,004

					51,970,896

Metals & Mining—0.4%
Allied Nevada Gold Corp.	*†		16,507		644,763
Carpenter Technology Corp.			12,490		653,477
Compass Minerals International, Inc.	†		8,812		657,287
Molycorp, Inc.	*†		56,741		652,521
Royal Gold, Inc.			6,552		654,283
Steel Dynamics, Inc.			55,522		623,512
Tahoe Resources, Inc.	*		31,988		651,276

					4,537,119

Multiline Retail—0.4%
Big Lots, Inc.	*†		21,771		643,986
Dollar General Corp.	*		12,480		643,219
Dollar Tree, Inc.	*		13,333		643,651
Family Dollar Stores, Inc.			9,824		651,331
Kohl’s Corp.			12,762		653,670
Macy’s, Inc.			17,307		651,089
Nordstrom, Inc.			11,767		649,303

					4,536,249

Office Electronics—0.1%
Zebra Technologies Corp., Class A	*†		17,181		644,975

Oil, Gas & Consumable Fuels—5.1%
Approach Resources, Inc.	*		84,506		2,546,166
Cabot Oil & Gas Corp.			61,237		2,749,541
Cheniere Energy, Inc.	*†		41,936		652,105
Chesapeake Energy Corp.	†		607,200		11,457,864
Cobalt International Energy, Inc.	*		29,676		660,885
Concho Resources, Inc.	*		41,468		3,929,093
CONSOL Energy, Inc.			250,300		7,521,515
Continental Resources, Inc.	*†		8,613		662,340
Denbury Resources, Inc.	*		203,300		3,285,328
Golar LNG Ltd. (Bermuda)			16,743		646,112
Kosmos Energy Ltd. (Bermuda)	*		56,332		641,621
Laredo Petroleum Holdings, Inc.	*†		29,804		655,092
Noble Energy, Inc.			6,940		643,407
PDC Energy, Inc.	*†		63,913		2,021,568
Pioneer Natural Resources Co.	†		6,177		644,879
Plains Exploration & Production Co.	*		63,019		2,361,322
Range Resources Corp.			9,517		664,953
SM Energy Co.			12,334		667,393
Southwestern Energy Co.	*		83,345		2,898,739
Sunoco, Inc.			12,820		600,361
Whiting Petroleum Corp.	*		94,315		4,468,645
World Fuel Services Corp.	†		18,350		653,443

					51,032,372

Personal Products—0.4%
Avon Products, Inc.			39,678		632,864
Herbalife Ltd. (Cayman Islands)	†		62,362		2,955,959
Nu Skin Enterprises, Inc., Class A	†		15,439		599,496

					4,188,319

Pharmaceuticals—1.3%
Endo Health Solutions, Inc.	*		20,159		639,443
Impax Laboratories, Inc.	*†		148,385		3,852,075
Mylan, Inc.	*		26,519		647,064
Perrigo Co.			5,353		621,858


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
Salix Pharmaceuticals Ltd.	*†		81,999	$	3,471,838
Shire plc ADR (Ireland)			27,900		2,474,730
Warner Chilcott plc, Class A (Ireland)			44,992		607,392
Watson Pharmaceuticals, Inc.	*		7,721		657,520

					12,971,920

Professional Services—2.2%
Advisory Board Co. (The)	*†		50,730		2,426,416
Corporate Executive Board Co. (The)	†		7,021		376,536
Dun & Bradstreet Corp. (The)			8,138		647,948
Equifax, Inc.			13,957		650,117
IHS, Inc., Class A	*		47,930		4,665,985
Manpower, Inc.			55,000		2,024,000
Nielsen Holdings NV	*		241,907		7,252,372
Robert Half International, Inc.			24,292		646,896
Verisk Analytics, Inc., Class A	*		62,692		2,984,766

					21,675,036

Real Estate Investment Trusts (REITs)—1.7%
American Campus Communities, Inc. REIT			14,858		651,969
American Tower Corp. REIT			44,700		3,191,133
Apartment Investment & Management Co., Class A REIT			24,957		648,632
Boston Properties, Inc. REIT			5,943		657,355
BRE Properties, Inc. REIT	†		13,866		650,177
Camden Property Trust REIT			9,687		624,715
Digital Realty Trust, Inc. REIT	†		9,173		640,734
Equity Lifestyle Properties, Inc. REIT			9,280		632,154
Essex Property Trust, Inc. REIT			4,376		648,698
Extra Space Storage, Inc. REIT			19,521		649,073
Federal Realty Investment Trust REIT			6,125		644,963
HCP, Inc. REIT	†		14,477		643,937
Home Properties, Inc. REIT			10,483		642,293
Kilroy Realty Corp. REIT			14,429		646,131
Mid-America Apartment Communities, Inc. REIT			9,914		647,483
Plum Creek Timber Co., Inc. REIT	†		14,720		645,325
Post Properties, Inc. REIT			13,191		632,640
Rayonier, Inc. REIT	†		13,248		649,284
Regency Centers Corp. REIT			13,279		647,086
Tanger Factory Outlet Centers, Inc. REIT			19,833		641,201
Taubman Centers, Inc. REIT			8,234		631,795
Weyerhaeuser Co. REIT			24,384		637,398

					16,704,176

Real Estate Management & Development—1.0%
Alexander & Baldwin, Inc.	*		21,796		643,636
CBRE Group, Inc.	*		203,831		3,752,529
Jones Lang LaSalle, Inc.			39,725		3,033,004
St. Joe Co. (The)	*†		34,150		665,925
Zillow, Inc., Class A	*†		47,307		1,995,409

					10,090,503

Road & Rail—2.1%
Canadian Pacific Railway Ltd. (Canada)	†		22,700		1,881,603
Con-way, Inc.			23,815		651,816
Hertz Global Holdings, Inc.	*		270,141		3,709,036
J.B. Hunt Transport Services, Inc.			12,264		638,219


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
Kansas City Southern			172,823	$	13,096,527
Landstar System, Inc.	†		13,547		640,502

					20,617,703

Semiconductors & Semiconductor Equipment—2.7%
Advanced Micro Devices, Inc.	*†		189,445		638,430
Altera Corp.			107,943		3,668,443
Analog Devices, Inc.			90,825		3,559,432
ASML Holding NV NYRS (Netherlands)			63,200		3,392,576
Atmel Corp.	*		119,669		629,459
Avago Technologies Ltd. (Singapore)			18,649		650,197
Broadcom Corp., Class A	*		70,600		2,441,348
Cypress Semiconductor Corp.	*		58,794		630,272
EZchip Semiconductor Ltd. (Israel)	*†		58,438		1,787,618
Freescale Semiconductor Ltd.	*†		67,922		645,938
Lam Research Corp.	*		20,434		649,495
Linear Technology Corp.			19,858		632,477
LSI Corp.	*		93,842		648,448
Maxim Integrated Products, Inc.			24,279		646,307
Mellanox Technologies Ltd. (Israel)	*		18,100		1,837,693
Microchip Technology, Inc.			19,771		647,303
Silicon Laboratories, Inc.	*		17,554		645,285
Skyworks Solutions, Inc.	*		103,748		2,444,822
Teradyne, Inc.	*†		42,961		610,905
Xilinx, Inc.			18,766		626,972

					27,433,420

Software—5.8%
ACI Worldwide, Inc.	*		70,663		2,986,218
ANSYS, Inc.	*		38,527		2,827,882
Ariba, Inc.	*		14,561		652,333
Aspen Technology, Inc.	*		196,899		5,089,839
Autodesk, Inc.	*		19,548		652,317
BMC Software, Inc.	*		15,630		648,489
BroadSoft, Inc.	*†		107,458		4,407,927
CA, Inc.			25,106		646,856
Cadence Design Systems, Inc.	*		50,354		647,804
Check Point Software Technologies Ltd. (Israel)	*		7,800		375,648
Citrix Systems, Inc.	*		27,503		2,105,905
CommVault Systems, Inc.	*		81,445		4,780,821
Compuware Corp.	*		67,540		669,321
Concur Technologies, Inc.	*†		8,649		637,691
FactSet Research Systems, Inc.	†		6,592		635,601
Fortinet, Inc.	*		197,918		4,777,741
Guidewire Software, Inc.	*		5,456		169,409
Informatica Corp.	*		94,121		3,276,352
Intuit, Inc.			10,690		629,427
MICROS Systems, Inc.	*†		73,574		3,613,955
NetSuite, Inc.	*†		10,301		657,204
Nuance Communications, Inc.	*		26,786		666,704
Red Hat, Inc.	*		52,986		3,017,023
Rovi Corp.	*		42,822		621,347
ServiceNow, Inc.	*		16,200		626,616
SolarWinds, Inc.	*		11,581		645,525
Solera Holdings, Inc.			83,131		3,646,957
Splunk, Inc.	*		18,120		665,366
Symantec Corp.	*		35,647		641,646
Synopsys, Inc.	*		19,625		648,017
TIBCO Software, Inc.	*		176,368		5,331,605


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
Zynga, Inc., Class A	*		228,785	$	649,749

					58,049,295

Specialty Retail—4.4%
Aaron’s, Inc.			22,525		626,420
Advance Auto Parts, Inc.			9,534		652,507
American Eagle Outfitters, Inc.	†		31,568		665,453
Ascena Retail Group, Inc.	*		30,531		654,890
AutoNation, Inc.	*†		14,977		654,046
AutoZone, Inc.	*		1,750		646,922
Bed Bath & Beyond, Inc.	*		10,095		635,985
CarMax, Inc.	*		23,714		671,106
Chico’s FAS, Inc.			35,747		647,378
Dick’s Sporting Goods, Inc.	†		12,683		657,614
DSW, Inc., Class A			62,771		4,188,081
Foot Locker, Inc.			18,340		651,070
Gap, Inc. (The)			18,390		657,994
GNC Holdings, Inc., Class A	†		129,721		5,055,227
Hibbett Sports, Inc.	*†		49,330		2,932,669
Limited Brands, Inc.			13,307		655,503
Lumber Liquidators Holdings, Inc.	*†		25,700		1,302,476
O’Reilly Automotive, Inc.	*		49,195		4,113,686
PetSmart, Inc.			9,250		638,065
Ross Stores, Inc.			10,025		647,615
Sally Beauty Holdings, Inc.	*		171,434		4,301,279
Tiffany & Co.	†		42,174		2,609,727
Tractor Supply Co.			64,555		6,383,844
Ulta Salon Cosmetics & Fragrance, Inc.			6,406		616,930
Urban Outfitters, Inc.	*		17,323		650,652
Williams-Sonoma, Inc.			58,112		2,555,185

					44,472,324

Textiles, Apparel & Luxury Goods—2.2%
Carter’s, Inc.	*		11,675		628,582
Coach, Inc.			73,400		4,111,868
Deckers Outdoor Corp.	*†		17,885		655,306
Fifth & Pacific Cos., Inc.	*		172,409		2,203,387
Fossil, Inc.	*		7,622		645,584
Hanesbrands, Inc.	*		130,536		4,161,488
Michael Kors Holdings Ltd. (Hong Kong)	*		12,243		651,083
PVH Corp.			42,849		4,015,808
Ralph Lauren Corp.			4,340		656,338
Under Armour, Inc., Class A	*†		69,512		3,880,855
V.F. Corp.			4,033		642,699

					22,252,998

Thrifts & Mortgage Finance—0.1%
People’s United Financial, Inc.			52,381		635,905

Tobacco—0.1%
Lorillard, Inc.			5,485		638,728

Trading Companies & Distributors—0.6%
Fastenal Co.			15,753		677,221
MRC Global, Inc.	*		26,697		656,479
MSC Industrial Direct Co., Inc., Class A	†		9,432		636,283
United Rentals, Inc.	*		19,448		636,144
W.W. Grainger, Inc.			3,242		675,536
WESCO International, Inc.	*†		41,020		2,346,344

					5,628,007


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
Water Utilities—0.1%
Aqua America, Inc.			25,316	$	626,824

Wireless Telecommunication Services—1.9%
Crown Castle International Corp.	*		9,988		640,231
SBA Communications Corp., Class A	*†		285,920		17,984,368

					18,624,599

TOTAL COMMON STOCKS (Cost $891,290,039)					966,168,903

MONEY MARKET FUNDS—18.0%
Institutional Money Market Funds—18.0%
Dreyfus Institutional Cash Advantage Fund, 0.13%	††¥		25,000,000		25,000,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%	¥		24,986,155		24,986,155
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%	††¥		19,655,923		19,655,923
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.16%	††¥		35,000,000		35,000,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.17%	††¥		25,000,000		25,000,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.17%	††¥		25,000,000		25,000,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.15%	††¥		25,000,000		25,000,000

TOTAL MONEY MARKET FUNDS (Cost $179,642,078)					179,642,078

TOTAL INVESTMENTS—114.8% (Cost $1,070,932,117)					1,145,810,981
Other assets less liabilities—(14.8%)					(147,653,778	)

NET ASSETS—100.0%				$	998,157,203

Legend to the Schedule of Investments:

ADR	American Depositary Receipt

NYRS	New York Registry Shares

REIT	Real Estate Investment Trust

*	Non-income producing.

†	Denotes all or a portion of the security on loan.

††	Represents reinvestment of collateral received in conjunction with securities lending.

¥	The rate quoted is the annualized seven-day yield of the fund at period end.


Vantagepoint Discovery Fund
		Shares		Value
COMMON STOCKS—46.8%
Aerospace & Defense—0.7%
Astronics Corp.	*		17,700	$	545,160
GeoEye, Inc.	*		31,600		835,188

					1,380,348

Automobiles—0.6%
Tesla Motors, Inc.	*†		41,500		1,215,120

Biotechnology—1.3%
Arena Pharmaceuticals, Inc.	*†		110,158		916,515
Incyte Corp. Ltd.	*†		50,900		918,745
Rigel Pharmaceuticals, Inc.	*		94,700		970,675

					2,805,935

Capital Markets—1.1%
BGC Partners, Inc., Class A			247,000		1,210,300
Fifth Street Finance Corp.			99,300		1,090,314

					2,300,614

Chemicals—0.6%
LSB Industries, Inc.	*		28,900		1,267,843

Commercial Banks—0.6%
Hudson Valley Holding Corp.	†		72,089		1,229,117

Communications Equipment—2.8%
Arris Group, Inc.	*		66,400		849,256
Emulex Corp.	*		154,900		1,116,829
Extreme Networks, Inc.	*†		331,500		1,107,210
Mitel Networks Corp. (Canada)	*†		214,631		579,504
NETGEAR, Inc.	*		34,100		1,300,574
Parkervision, Inc.	*†		437,640		1,024,077

					5,977,450

Construction & Engineering—1.0%
EMCOR Group, Inc.			37,500		1,070,250
Michael Baker Corp.	*		43,800		1,045,068

					2,115,318

Consumer Finance—1.0%
DFC Global Corp.	*		68,300		1,171,345
Regional Management Corp.	*		56,499		974,608

					2,145,953

Diversified Consumer Services—0.5%
Steiner Leisure Ltd. (Bahamas)	*		21,500		1,000,825

Diversified Financial Services—0.3%
Gain Capital Holdings, Inc.	†		146,800		723,724

Electric Utilities—1.3%
Portland General Electric Co.			34,500		932,880
UNS Energy Corp.			22,400		937,664
Westar Energy, Inc.			30,200		895,732

					2,766,276

Electronic Equipment, Instruments & Components—1.4%
Fabrinet (Cayman Islands)	*†		83,000		961,970
Park Electrochemical Corp.			42,600		1,057,758
TTM Technologies, Inc.	*		104,700		987,321

					3,007,049

Energy Equipment & Services—0.8%
C&J Energy Services, Inc.	*^‡		87,100		1,733,290

Food Products—1.1%
Darling International, Inc.	*		63,200		1,155,928
Omega Protein Corp.	*		162,200		1,112,692

					2,268,620


Vantagepoint Discovery Fund
		Shares		Value
COMMON STOCKS—(Continued)
Health Care Equipment & Supplies—2.0%
Globus Medical, Inc., Class A	*		49,743	$	896,866
Greatbatch, Inc.	*		45,700		1,111,881
ICU Medical, Inc.	*†		18,800		1,137,024
Merit Medical Systems, Inc.	*		71,300		1,064,509

					4,210,280

Health Care Providers & Services—1.8%
Amsurg Corp.	*		28,200		800,316
Ensign Group, Inc. (The)			31,800		973,239
LHC Group, Inc.	*		58,200		1,074,954
MEDNAX, Inc.	*†		12,100		900,845

					3,749,354

Hotels, Restaurants & Leisure—1.1%
Del Frisco’s Restaurant Group, Inc.	*†		84,500		1,259,050
Whistler Blackcomb Holdings, Inc. (Canada)	*‡		17,100		200,900
Whistler Blackcomb Holdings, Inc. (Canada)			66,100		776,579

					2,236,529

Industrial Conglomerates—0.4%
Carlisle Cos., Inc.			18,100		939,752

Internet Software & Services—0.9%
EarthLink, Inc.			132,600		944,112
XO Group, Inc.	*		106,900		892,615

					1,836,727

Machinery—2.0%
Altra Holdings, Inc.			58,900		1,071,980
John Bean Technologies Corp.			61,200		999,396
Titan International, Inc.	†		57,000		1,006,620
Wabash National Corp.	*		145,200		1,035,276

					4,113,272

Metals & Mining—2.0%
Allied Nevada Gold Corp.	*		31,100		1,214,766
New Gold, Inc. (Canada)	*		94,300		1,152,346
Romarco Minerals, Inc. (Canada)	*		981,150		1,067,878
Universal Stainless & Alloy Products, Inc.	*		23,600		876,740

					4,311,730

Oil, Gas & Consumable Fuels—4.2%
Alberta Oilsands, Inc. (Canada)	*		1,498,600		137,192
Berry Petroleum Co., Class A	†		26,700		1,084,821
Bonanza Creek Energy, Inc.	*		43,100		1,015,436
BPZ Resources, Inc.	*†		415,000		1,186,900
Karoon Gas Australia Ltd. (Australia)	*		220,040		1,224,318
Midstates Petroleum Co., Inc.	*		123,800		1,070,870
Oilsands Quest, Inc. (Canada)	*		2,055,636		28,779
Porto Energy Corp.	*		1,578,400		248,858
Swift Energy Co.	*		50,700		1,058,616
Synergy Resources Corp.	*†		172,700		720,159
Warren Resources, Inc.	*		344,100		1,046,064

					8,822,013

Pharmaceuticals—0.5%
Medicines Co. (The)	*		38,200		985,942

Real Estate Investment Trusts (REITs)—4.2%
Anworth Mortgage Asset Corp. REIT			131,300		892,840


Vantagepoint Discovery Fund
		Shares		Value
COMMON STOCKS—(Continued)
Capstead Mortgage Corp. REIT			57,200	$	771,628
CreXus Investment Corp. REIT			84,518		913,639
Gladstone Commercial
Corp. REIT	†		52,400		956,824
Medical Properties Trust, Inc. REIT			93,900		981,255
MFA Financial, Inc. REIT			116,200		987,700
Pebblebrook Hotel Trust REIT			41,500		970,685
STAG Industrial, Inc. REIT			65,300		1,061,778
Summit Hotel Properties, Inc. REIT			140,900		1,203,286

					8,739,635

Real Estate Management & Development—0.5%
Brasil Brokers Participacoes SA (Brazil)			312,900		1,103,581

Road & Rail—0.5%
Quality Distribution, Inc.	*		119,500		1,105,375

Semiconductors & Semiconductor Equipment—1.3%
GT Advanced Technologies, Inc.	*†		165,700		903,065
Microsemi Corp.	*		54,800		1,099,836
PMC - Sierra, Inc.	*		147,500		831,900

					2,834,801

Software—1.5%
Comverse Technology, Inc.	*		132,700		816,105
JDA Software Group, Inc.	*		38,100		1,210,818
SeaChange International, Inc.	*		135,093		1,060,480

					3,087,403

Specialty Retail—2.9%
Cato Corp. (The), Class A			35,500		1,054,705
Destination Maternity Corp.			57,400		1,073,380
Express, Inc.	*		80,300		1,190,046
Finish Line, Inc. (The), Class A			50,400		1,146,096
Shoe Carnival, Inc.			42,750		1,005,907
Wet Seal, Inc. (The), Class A	*		195,300		615,195

					6,085,329

Textiles, Apparel & Luxury Goods—1.0%
Skechers U.S.A., Inc., Class A	*		51,100		1,042,440
True Religion Apparel, Inc.			46,700		996,111

					2,038,551

Thrifts & Mortgage Finance—2.0%
EverBank Financial Corp.			91,400		1,258,578
Flushing Financial Corp.			74,417		1,175,789
Home Loan Servicing Solutions Ltd. (Cayman Islands)			67,000		1,090,090
WSFS Financial Corp.			18,400		759,552

					4,284,009

Trading Companies & Distributors—2.9%
Applied Industrial Technologies, Inc.			22,000		911,460
CAI International, Inc.	*		51,900		1,064,988
H&E Equipment Services, Inc.			62,500		757,500
SeaCube Container Leasing Ltd.			57,253		1,073,494
TAL International Group, Inc.			30,653		1,041,589


Vantagepoint Discovery Fund
				Shares		Value
COMMON STOCKS—(Continued)
Textainer Group Holdings Ltd. (Bermuda)			†		38,000	$	1,160,900

							6,009,931

TOTAL COMMON STOCKS (Cost $88,426,707)							98,431,696

CONVERTIBLE PREFERRED STOCKS—0.6%
Leisure Equipment & Products—0.6%
Callaway Golf Co., Perpetual, Series B 7.500%					12,500		1,263,281

Real Estate Management & Development—0.0%
Grubb & Ellis Co. 12.000%			*		5,800		2,187
Grubb & Ellis Co., Perpetual 12.000%			*^		5,200		1,960

							4,147

TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $2,252,172)							1,267,428


Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—24.4%
Aerospace & Defense—0.6%
Boeing Co. (The)
1.875%		11/20/2012		$	450,000		450,940
Raytheon Co.
1.400%		12/15/2014			145,000		147,388
United Technologies Corp.
0.918%		06/01/2015	#		545,000		551,947

							1,150,275

Auto Components—0.1%
Johnson Controls, Inc.
0.852%		02/04/2014	#		290,000		291,220

Automobile—0.2%
Daimler Finance North America LLC
1.300%		07/31/2015	^		490,000		492,269

Beverages—0.9%
Coca-Cola Enterprises, Inc.
1.125%		11/12/2013			530,000		533,039
PepsiCo, Inc.
0.700%		08/13/2015			1,000,000		1,004,166
SABMiller Holdings, Inc.
2.450%		01/15/2017	^		270,000		282,697

							1,819,902

Biotechnology—0.2%
Amgen, Inc.
1.875%		11/15/2014			330,000		338,941
Gilead Sciences, Inc.
2.400%		12/01/2014			140,000		144,835

							483,776

Capital Markets—0.9%
Astoria Financial Corp.
5.000%		06/19/2017			240,000		249,557
Bank of New York Mellon Corp. (The) MTN
1.200%		02/20/2015			100,000		101,406
Goldman Sachs Group, Inc. (The)
1.439%		02/07/2014	#		570,000		569,899
Morgan Stanley
1.427%		04/29/2013	#		610,000		610,773


Vantagepoint Discovery Fund
Coupon Rate	Maturity Date					Face		Value
CORPORATE OBLIGATIONS—(Continued)
TD Ameritrade Holding Corp.
4.150%		12/01/2014				$	410,000	$	438,314

									1,969,949

Chemicals—0.1%
Ecolab, Inc.
2.375%		12/08/2014					110,000		114,138

Commercial Banks—3.1%
Banco Bradesco SA (Brazil)
2.537%		05/16/2014		#^			300,000		302,230
Banco de Credito del Peru (Peru)
4.750%		03/16/2016		^			420,000		445,200
Bank of Ceylon (Sri Lanka)
6.875%		05/03/2017		^			200,000		214,500
Bank of Nova Scotia (Canada)
1.850%		01/12/2015					200,000		206,261
BB&T Corp. MTN
1.600%		08/15/2017					150,000		152,871
BB&T Corp., Series A MTN
3.375%		09/25/2013					200,000		205,503
Capital One Financial Corp.
2.125%		07/15/2014					340,000		347,076
CIT Group, Inc.
4.750%		02/15/2015		^			270,000		282,825
HSBC Bank plc (United Kingdom)
1.625%		07/07/2014		^	†		360,000		362,655
HSBC USA, Inc.
2.375%		02/13/2015					240,000		247,208
ING Bank NV (Netherlands)
3.750%		03/07/2017		^			500,000		527,390
1.439%		03/15/2013		#^	†		570,000		571,926
KeyCorp MTN
3.750%		08/13/2015					230,000		248,248
Oversea-Chinese Banking Corp. Ltd. (Singapore)
1.625%		03/13/2015		^			300,000		303,884
US Bancorp
4.200%		05/15/2014					500,000		529,706
US Bank NA, Bank Note
0.735%		10/14/2014		#			400,000		399,273
Wachovia Bank NA, Bank Note
4.800%		11/01/2014					545,000		586,365
Wells Fargo & Co. MTN
2.100%		05/08/2017					100,000		103,572
Westpac Banking Corp. (Australia)
1.129%		09/25/2015		#			540,000		541,356

									6,578,049

Commercial Services & Supplies—0.2%
PHH Corp.
7.375%		09/01/2019	†				340,000		365,500

Communications Equipment—0.4%
Cisco Systems, Inc.
0.644%		03/14/2014		#			680,000		683,151
SBA Communications Corp.
5.625%		10/01/2019		^	†		150,000		153,188

									836,339

Computers & Peripherals—0.1%
Hewlett-Packard Co.
1.931%		09/19/2014		#			300,000		303,751


Vantagepoint Discovery Fund
Coupon Rate	Maturity Date				Face		Value
CORPORATE OBLIGATIONS—(Continued)
Consumer Finance—2.4%
Ally Financial, Inc.
4.625%		06/26/2015			$	480,000	$	492,553
American Express Credit Corp. MTN
1.750%		06/12/2015				100,000		102,355
American Express Credit Corp., Series D MTN
5.125%		08/25/2014				300,000		324,670
American Honda Finance Corp.
1.000%		08/11/2015	^			350,000		350,955
Banque PSA Finance SA (France)
2.361%		04/04/2014	#^			540,000		529,576
Caterpillar Financial Services Corp., Series G MTN
1.375%		05/20/2014				360,000		365,315
Ford Motor Credit Co. LLC
3.875%		01/15/2015				470,000		491,463
General Motors Financial Co., Inc.
4.750%		08/15/2017	^	†		350,000		359,246
International Lease Finance Corp.
6.500%		09/01/2014	^			200,000		216,000
4.875%		04/01/2015				210,000		219,064
John Deere Capital Corp.
0.700%		09/04/2015				280,000		280,704
John Deere Capital Corp. MTN
1.600%		03/03/2014				270,000		274,399
PACCAR Financial Corp. MTN
1.550%		09/29/2014				210,000		214,211
1.050%		06/05/2015				90,000		90,873
RCI Banque SA (France)
2.328%		04/11/2014	#^			800,000		783,996

								5,095,380

Containers & Packaging—0.1%
Rock-Tenn Co.
4.450%		03/01/2019	^			160,000		169,005

Diversified Financial Services—3.1%
Bank of America Corp.
3.700%		09/01/2015				425,000		449,249
Bank of America Corp., Series 1
3.750%		07/12/2016				130,000		138,049
Citigroup, Inc.
6.000%		12/13/2013				175,000		185,653
5.300%		10/17/2012				175,000		175,343
4.450%		01/10/2017				225,000		247,377
2.250%		08/07/2015				300,000		304,786
1.285%		02/15/2013	#			470,000		470,962
CME Group, Inc.
5.400%		08/01/2013				200,000		208,315
Equifax, Inc.
4.450%		12/01/2014				80,000		84,708
ERAC USA Finance LLC
2.250%		01/10/2014	^			400,000		405,298
General Electric Capital Corp.
5.900%		05/13/2014				260,000		281,335
2.150%		01/09/2015				240,000		247,136
1.625%		07/02/2015				400,000		407,270
General Electric Capital Corp. MTN
1.090%		04/07/2014	#			300,000		301,417
General Electric Capital Corp., Series A MTN
3.750%		11/14/2014				390,000		413,600
Harley-Davidson Financial Services, Inc.
1.150%		09/15/2015	^			160,000		160,310


Vantagepoint Discovery Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
JPMorgan Chase & Co.
4.750%		05/01/2013		$	350,000	$	358,921
JPMorgan Chase & Co. MTN
1.875%		03/20/2015			105,000		107,192
1.252%		01/24/2014	#		540,000		543,708
Lender Processing Services, Inc.
5.750%		04/15/2023			160,000		160,000
NASDAQ OMX Group, Inc. (The)
4.000%		01/15/2015			460,000		481,654
National Rural Utilities Cooperative Finance Corp.
1.125%		11/01/2013			215,000		216,756
1.000%		02/02/2015			200,000		202,440

							6,551,479

Diversified Telecommunication Services—1.1%
AT&T, Inc.
0.875%		02/13/2015			780,000		787,132
Cellco Partnership/Verizon Wireless Capital LLC
5.550%		02/01/2014			100,000		106,405
Telecom Italia Capital SA (Luxembourg)
5.250%		11/15/2013			105,000		108,544
Telefonica Emisiones SAU (Spain)
2.582%		04/26/2013			490,000		491,838
Verizon Communications, Inc.
0.972%		03/28/2014	#		300,000		302,429
Windstream Corp.
8.125%		08/01/2013			70,000		73,850
7.875%		11/01/2017			340,000		381,650

							2,251,848

Electric Utilities—0.7%
Cia de Eletricidade do Estado da Bahia (Brazil)
11.750%		04/27/2016	^		BRL 450,000		241,399
Georgia Power Co.
1.300%		09/15/2013			460,000		463,895
0.750%		08/10/2015			500,000		501,650
NextEra Energy Capital Holdings, Inc.
1.611%		06/01/2014			180,000		182,359
1.200%		06/01/2015			80,000		80,560

							1,469,863

Electronic Equipment, Instruments & Components—0.3%
Tech Data Corp.
3.750%		09/21/2017			540,000		550,373

Food & Staples Retailing—0.5%
Kroger Co. (The)
2.200%		01/15/2017			500,000		512,639
Safeway, Inc.
3.400%		12/01/2016			200,000		209,595
Walgreen Co.
1.000%		03/13/2015			210,000		210,948
0.899%		03/13/2014	#		120,000		120,195

							1,053,377

Food Products—0.8%
ConAgra Foods, Inc.
1.350%		09/10/2015			70,000		70,539
General Mills, Inc.
5.250%		08/15/2013			750,000		781,267
Kellogg Co.
1.125%		05/15/2015			350,000		353,549
Kraft Foods Group, Inc.
1.625%		06/04/2015	^		150,000		152,371


Vantagepoint Discovery Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Kraft Foods, Inc.
5.250%		10/01/2013		$	140,000	$	146,151
2.625%		05/08/2013			140,000		141,649

							1,645,526

Gas Utilities—0.1%
Sabine Pass LNG LP
7.250%		11/30/2013			245,000		262,150

Health Care Equipment & Supplies—0.3%
DENTSPLY International, Inc.
1.935%		08/15/2013	#		280,000		281,482
Stryker Corp.
3.000%		01/15/2015			300,000		315,720

							597,202

Health Care Providers & Services—0.7%
Express Scripts Holding Co.
2.750%		11/21/2014	^		500,000		519,444
HCA, Inc.
6.750%		07/15/2013			80,000		83,200
Quest Diagnostics, Inc.
1.223%		03/24/2014	#		160,000		161,213
WellPoint, Inc.
2.375%		02/15/2017			465,000		481,392
1.250%		09/10/2015			190,000		191,465

							1,436,714

Hotels, Restaurants & Leisure—0.1%
McDonald’s Corp. MTN
0.750%		05/29/2015			190,000		191,941

Household Durables—0.1%
Lennar Corp.
4.750%		12/15/2017	^		250,000		259,375
Independent Power Producers & Energy Traders—0.1%
AES Corp. (The)
7.750%		03/01/2014			225,000		243,000

Industrial Conglomerates—0.2%
Danaher Corp.
0.626%		06/21/2013	#		500,000		501,041

Insurance—0.9%
Allstate Corp. (The)
6.200%		05/16/2014			300,000		326,802
American International Group, Inc.
2.375%		08/24/2015			150,000		151,706
MetLife, Inc.
2.375%		02/06/2014			190,000		194,486
Metropolitan Life Global Funding I
1.208%		01/10/2014	#^		700,000		704,014
New York Life Global Funding
0.721%		04/04/2014	#^		500,000		501,384

							1,878,392

Internet & Catalog Retail—0.1%
eBay, Inc.
0.700%		07/15/2015			220,000		221,196

IT Services—0.3%
Computer Sciences Corp.
2.500%		09/15/2015	†		100,000		101,561


Vantagepoint Discovery Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
International Business Machines Corp.
0.550%		02/06/2015		$	610,000	$	611,945

							713,506

Life Sciences Tools & Services—0.2%
Howard Hughes Medical Institute
3.450%		09/01/2014			400,000		423,479

Machinery—0.2%
Case New Holland, Inc.
7.750%		09/01/2013			200,000		210,250
Tyco Electronics Group SA (Luxembourg)
1.600%		02/03/2015			100,000		101,554

							311,804

Media—0.3%
DISH DBS Corp.
4.625%		07/15/2017	^†		360,000		369,900
Viacom, Inc.
4.375%		09/15/2014			200,000		213,988

							583,888

Metals & Mining—0.5%
ArcelorMittal (Luxembourg)
4.000%		08/05/2015	†		350,000		348,019
FMG Resources August 2006 Pty Ltd. (Australia)
6.000%		04/01/2017	^		280,000		261,800
Freeport-McMoRan Copper & Gold, Inc.
1.400%		02/13/2015			100,000		100,779
Steel Dynamics, Inc.
7.375%		11/01/2012			375,000		377,459

							1,088,057

Multiline Retail—0.5%
Dollar General Corp.
4.125%		07/15/2017			360,000		378,000
Target Corp.
0.625%		07/18/2014	#		700,000		702,969

							1,080,969

Multi-Utilities—0.2%
DTE Energy Co.
1.118%		06/03/2013	#		370,000		371,103

Oil, Gas & Consumable Fuels—0.9%
Chesapeake Energy Corp.
7.625%		07/15/2013	†		165,000		172,013
ConocoPhillips
4.750%		02/01/2014			53,000		56,002
CONSOL Energy, Inc.
8.000%		04/01/2017			100,000		105,000
Enterprise Products Operating LLC
1.250%		08/13/2015			100,000		101,063
Forest Oil Corp.
8.500%		02/15/2014	†		200,000		216,625
Phillips 66
1.950%		03/05/2015	^†		230,000		235,477
Rockies Express Pipeline LLC
3.900%		04/15/2015	^		290,000		287,100
Tesoro Corp.
4.250%		10/01/2017			260,000		268,450
WPX Energy, Inc.
5.250%		01/15/2017			355,000		385,175

							1,826,905


Vantagepoint Discovery Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Paper & Forest Products—0.1%
Masco Corp.
4.800%		06/15/2015		$	165,000	$	173,901

Personal Products—0.2%
Revlon Consumer Products Corp.
9.750%		11/15/2015			380,000		403,750

Pharmaceuticals—0.5%
Takeda Pharmaceutical Co. Ltd (Japan)
1.031%		03/17/2015	^		500,000		504,205
Valeant Pharmaceuticals International
6.500%		07/15/2016	^†		400,000		421,500
Watson Pharmaceuticals, Inc.
1.875%		10/01/2017			160,000		161,973

							1,087,678

Real Estate Investment Trusts (REITs)—0.7%
HCP, Inc.
2.700%		02/01/2014			570,000		582,157
Health Care REIT, Inc.
6.000%		11/15/2013			370,000		388,722
Simon Property Group LP
4.200%		02/01/2015			90,000		95,897
Vornado Realty LP
4.250%		04/01/2015			470,000		496,985

							1,563,761

Road & Rail—0.3%
Penske Truck Leasing Co. Lp/PTL Finance Corp.
3.125%		05/11/2015	^		300,000		307,116
2.500%		03/15/2016	^		230,000		230,129

							537,245

Semiconductors & Semiconductor Equipment—0.2%
Texas Instruments, Inc.
0.450%		08/03/2015			420,000		419,021

Software—0.5%
Microsoft Corp.
2.950%		06/01/2014			500,000		521,639
Oracle Corp.
3.750%		07/08/2014			480,000		508,540

							1,030,179

Textiles, Apparel & Luxury Goods—0.1%
VF Corp.
1.184%		08/23/2013	#		300,000		302,039

Tobacco—0.1%
BAT International Finance plc (United Kingdom)
1.400%		06/05/2015	^		180,000		181,498

Trading Companies & Distributors—0.1%
AmeriGas Partners LP/AmeriGas Finance Corp.
6.250%		08/20/2019			260,000		271,700

Wireless Telecommunication Services—0.1%
America Movil SAB de CV (Mexico)
3.625%		03/30/2015			130,000		139,000

TOTAL CORPORATE OBLIGATIONS
(Cost $50,269,227)							51,292,513


Vantagepoint Discovery Fund
Coupon Rate	Maturity Date			Face		Value
MORTGAGE-RELATED SECURITIES—4.2%
Commercial Mortgage-Backed Securities—0.2%
National Credit Union Administration Guaranteed Notes, Series 2010-C1, Class A1
1.600%		10/29/2020		$	388,141	$	394,934

Non-Agency Mortgage-Backed Securities—1.2%
Harborview Mortgage Loan Trust, Series 2005-14, Class 3A1A
2.898%		12/19/2035	#		743,112		605,391
Sequoia Mortgage Trust, Series 2012-2, Class A2
3.500%		04/25/2042	#		903,890		962,907
Thornburg Mortgage Securities Trust, Series 2004-1, Class II2A
1.908%		03/25/2044	#		958,880		947,574
WaMu Mortgage Pass Through Certificates, Series 2006-AR12, Class 1A1
2.579%		10/25/2036	#		103,893		83,009

							2,598,881

U.S. Government Agency Mortgage-Backed Securities—2.8%
Federal National Mortgage Association
0.596%		07/01/2016	#		1,500,000		1,506,384
Federal National Mortgage Association TBA
2.500%		10/25/2027			2,400,000		2,523,000
National Credit Union Administration Guaranteed Notes, Series 2010-R1, Class 1A
0.678%		10/07/2020	#		598,154		600,846
National Credit Union Administration Guaranteed Notes, Series 2011-R6, Class 1A
0.608%		05/07/2020	#		1,239,537		1,242,248

							5,872,478

TOTAL MORTGAGE-RELATED SECURITIES (Cost $8,910,115)							8,866,293

CONVERTIBLE DEBT OBLIGATIONS—0.0%
Real Estate Management & Development—0.0%
Grubb & Ellis Co.
7.950%		05/01/2015	^D
(Cost $279,502)					299,000		3,140

U.S. TREASURY OBLIGATIONS—14.3%
U.S. Treasury Bills—0.4%
U.S. Treasury Bill
0.050%		10/11/2012			815,000		814,988

U.S. Treasury Notes—13.9%
U.S. Treasury Note
0.375%		11/15/2014	‡‡		6,590,000		6,606,989
0.250%		01/31/2014 -
		05/15/2015			20,139,000		20,136,437
0.125%		09/30/2013	‡‡		2,545,000		2,543,707

							29,287,133

TOTAL U.S. TREASURY OBLIGATIONS (Cost $30,040,820)							30,102,121

GOVERNMENT RELATED OBLIGATIONS—5.0%
U.S. Government Agencies—3.6%
Federal Home Loan Bank
0.050%		10/16/2012			1,685,000		1,684,963
Federal Home Loan Mortgage Corp.
1.000%		07/30/2014	‡‡		2,000,000		2,026,820


Vantagepoint Discovery Fund
Coupon Rate	Maturity Date			Face		Value
GOVERNMENT RELATED OBLIGATIONS—(Continued)
Federal National Mortgage Association
1.125%		06/27/2014	‡‡	$	2,000,000	$	2,030,886
0.500%		09/28/2015			1,140,000		1,143,901
National Credit Union Administration Guaranteed Notes, Series A1
0.248%		06/12/2013	#		570,000		570,051
National Credit Union Administration Guaranteed Notes, Series A2
1.400%		06/12/2015			180,000		184,428

							7,641,049

Non-U.S. Government Agencies—0.5%
IPIC Ltd. MTN (Cayman Islands)
3.125%		11/15/2015	^		250,000		260,500
Korea National Oil Corp. (Korea, Republic of)
2.875%		11/09/2015	^		500,000		522,002
Petrobras International Finance Co. (Cayman Islands)
2.875%		02/06/2015			160,000		164,852

							947,354

Sovereign Debt—0.1%
Panama Government International Bond (Panama)
7.250%		03/15/2015			150,000		172,125

U.S. Municipal Bonds—0.8%
Citizens Property Insurance Corp. Revenue Bonds, Series 2007-A (Florida)
5.000%		03/01/2013			150,000		152,812
Missouri Higher Education Loan Authority (Missouri)
1.046%		01/26/2026			724,379		730,109
State of Louisiana General Obligation Bonds, Series 2011-B (Louisiana)
0.961%		07/15/2014	#		640,000		641,120
University of California Revenue Bonds (California)
1.988%		05/15/2050	#		180,000		181,732

							1,705,773

TOTAL GOVERNMENT RELATED OBLIGATIONS (Cost $10,351,447)							10,466,301

ASSET-BACKED SECURITIES—2.6%
Automobile—0.5%
Enterprise Fleet Financing LLC Series 2012-1, Class A2
1.140%		11/20/2017	^		1,000,000		1,004,100

Credit Card—0.8%
Discover Card Master Trust Series 2012-A1, Class A1
0.810%		08/15/2017			600,000		605,322
GE Capital Credit Card Master Note Trust
Series 2012-1, Class A
1.030%		01/15/2018			750,000		758,018
Gracechurch Card Funding plc (United Kingdom) Series 2012-1A, Class A1
0.921%		02/15/2017	#^		350,000		350,834

							1,714,174

Other—0.8%
CenterPoint Energy Transition Bond Co. LLC Series 2012-1, Class A1
0.901%		04/15/2018			950,000		959,671


Vantagepoint Discovery Fund
Coupon Rate	Maturity Date			Face		Value
ASSET-BACKED SECURITIES—(Continued)
MMAF Equipment Finance LLC Series 2011-AA, Class A3
1.270%		09/15/2015	^	$	580,000	$	582,220

							1,541,891

Student Loan—0.5%
National Credit Union Administration Guaranteed Notes
Series 2010-A1, Class A
0.578%		12/07/2020	#		1,077,236		1,080,834

TOTAL ASSET-BACKED SECURITIES (Cost $5,306,940)							5,340,999


		Shares		Value
WARRANTS—0.0%
Food Products—0.0%
Kulim Malaysia Berhad (Malaysia), Expires 02/27/2016, Strike MYR 3.85 (Cost $–)	*	60,350		21,324

MONEY MARKET FUNDS—9.3%
Institutional Money Market Funds—9.3%
Dreyfus Institutional Cash Advantage Fund, 0.13%	††¥	2,000,000		2,000,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%	¥	7,505,777		7,505,777
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%	††¥	1,987,926		1,987,926
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.16%	††¥	2,000,000		2,000,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.17%	††¥	2,000,000		2,000,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.17%	††¥	2,000,000		2,000,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.15%	††¥	2,000,000		2,000,000

TOTAL MONEY MARKET FUNDS (Cost $19,493,703)				19,493,703

TOTAL INVESTMENTS—107.2% (Cost $215,330,633)				225,285,518
Other assets less liabilities—(7.2%)				(15,132,226	)

NET ASSETS—100.0%			$	210,153,292


Vantagepoint International Fund
		Shares		Value
COMMON STOCKS—98.0%
Argentina—0.1%
Arcos Dorados Holdings, Inc., Class A	†		87,455	$	1,349,431

Australia—4.9%
AMP Ltd.			1,123,349		5,018,885
Beach Energy Ltd.	†		1,909,900		2,494,189
Breville Group Ltd.			400,900		2,339,801
Caltex Australia Ltd.			148,800		2,535,223
Coca-Cola Amatil Ltd.			376,382		5,284,170
Cochlear Ltd.	†		29,000		2,011,907
CSL Ltd.			179,300		8,528,183
Insurance Australia Group Ltd.			640,200		2,887,415
Lend Lease Group			213,600		1,730,214
Nufarm Ltd.			378,600		2,380,397
QBE Insurance Group Ltd.	†		645,974		8,627,174
Regis Resources Ltd.	*†		666,200		3,917,637
Sigma Pharmaceuticals Ltd.	†		4,368,200		2,889,803
Telstra Corp. Ltd.			813,400		3,297,518
Westfield Group REIT			21,372		224,585
Woodside Petroleum Ltd.			101,701		3,479,048
Woolworths Ltd.			153,800		4,579,697

					62,225,846

Austria—0.2%
AMS AG			30,700		3,064,593

Belgium—1.5%
Ageas			95,100		2,284,703
Anheuser-Busch InBev NV			124,618		10,660,904
Colruyt SA	†		106,800		4,653,087
Telenet Group Holding NV			7,671		342,941
UCB SA			23,558		1,296,363

					19,237,998

Brazil—1.5%
CCR SA			212,700		1,892,765
Cia de Bebidas das Americas ADR			47,500		1,817,825
CPFL Energia SA ADR			79,300		1,737,463
EcoRodovias Infraestrutura e Logistica SA			57,200		494,337
Itau Unibanco Holding SA ADR			35,000		534,800
Itausa - Investimentos Itau SA			426,316		1,898,944
Petroleo Brasileiro SA			173,500		1,912,800
Petroleo Brasileiro SA ADR			186,400		4,113,848
Redecard SA			157,200		2,710,144
Vale SA ADR			125,300		2,175,208
Vale SA Preferred ADR			23,100		413,490

					19,701,624

Canada—4.8%
Aecon Group, Inc.			204,200		2,507,063
Agrium, Inc.			26,600		2,759,841
Alimentation Couche Tard, Inc., Class B			66,100		3,037,736
BCE, Inc.			202,200		8,895,484
Canadian Pacific Railway Ltd.	†		104,047		8,624,456
Enbridge, Inc.			65,900		2,574,062
Gibson Energy, Inc.			141,000		3,303,051
Husky Energy, Inc.			82,400		2,214,432
Metro, Inc.			33,800		2,007,853
National Bank of Canada			35,100		2,656,332
Nevsun Resources Ltd.			770,400		3,612,597


Vantagepoint International Fund
		Shares		Value
COMMON STOCKS—(Continued)
Rogers Communications, Inc., Class B			70,300	$	2,846,038
Royal Bank of Canada			41,300		2,375,244
Suncor Energy, Inc.			219,600		7,223,949
Trinidad Drilling Ltd.			226,800		1,580,287
Wajax Corp.			65,600		2,962,042
Yamana Gold, Inc.			118,100		2,256,045

					61,436,512

Chile—0.2%
Enersis SA ADR			142,800		2,340,492

China—1.9%
Baidu, Inc. ADR	*†		64,386		7,521,572
China Construction Bank Corp., H Shares			6,171,600		4,256,493
China Shenhua Energy Co. Ltd., H Shares			1,088,866		4,207,488
Hengan International Group Co. Ltd.			164,000		1,545,043
SunVic Chemical Holdings Ltd.	*		7,793,200		2,213,079
Tencent Holdings Ltd.			86,300		2,921,746
Want Want China Holdings Ltd.			1,374,000		1,749,046

					24,414,467

Denmark—1.4%
Coloplast A/S, Class B			13,300		2,771,483
Novo Nordisk A/S, Class B			60,100		9,458,175
Topdanmark A/S	*		15,650		3,058,221
Tryg A/S			36,100		2,341,056

					17,628,935

Finland—0.2%
Kone Oyj, Class B			36,000		2,495,125

France—9.0%
Air Liquide SA			13,024		1,614,338
Carrefour SA			406,517		8,432,638
Cie de Saint-Gobain			282,782		9,897,976
Cie Generale des Etablissements Michelin (Registered)			34,500		2,701,410
Cie Generale d’Optique Essilor International SA			51,000		4,772,378
Danone SA			75,657		4,655,102
Dassault Systemes SA			23,300		2,447,991
France Telecom SA			845,487		10,238,493
Hermes International			7,800		2,092,557
L’Oreal SA			61,100		7,554,470
LVMH Moet Hennessy Louis Vuitton SA			9,019		1,353,916
Pernod-Ricard SA			42,911		4,813,351
Sanofi			221,621		18,965,548
Schneider Electric SA			67,718		4,003,720
Societe Generale SA	*		152,473		4,320,769
Technip SA			28,792		3,199,127
Total SA	†		283,367		14,097,488
Unibail-Rodamco SE (Paris Exchange) REIT			21,486		4,281,420
Valeo SA			44,200		2,043,213
Vallourec SA			20,000		844,993
Zodiac Aerospace			20,105		1,962,892

					114,293,790


Vantagepoint International Fund
		Shares		Value
COMMON STOCKS—(Continued)
Germany—6.6%
Adidas AG			55,600	$	4,562,606
BASF SE			35,400		2,991,162
Bayer AG			68,467		5,887,455
Bayerische Motoren Werke AG			41,100		3,013,849
Beiersdorf AG	†		50,903		3,738,560
Brenntag AG			30,867		3,955,248
Daimler AG (Registered)			62,749		3,045,559
Deutsche Post AG (Registered)			133,200		2,602,156
Deutsche Telekom AG (Registered)			758,770		9,331,180
Duerr AG			71,300		4,754,420
Kabel Deutschland Holding AG	*		23,422		1,671,979
Linde AG			58,296		10,047,887
Muenchener Rueckversicherungs AG (Registered)			36,148		5,652,191
RWE AG			284,777		12,743,219
SAP AG			69,100		4,917,392
Suedzucker AG			66,000		2,338,038
Volkswagen AG			21,000		3,520,065

					84,772,966

Hong Kong—5.7%
AIA Group Ltd.			1,902,600		7,049,954
Beijing Enterprises Holdings Ltd.	†		260,500		1,733,234
Belle International Holdings Ltd.			1,824,837		3,297,745
BOC Hong Kong Holdings Ltd.			504,245		1,594,724
China Merchants Holdings International Co. Ltd.			626,000		1,918,516
China Mobile Ltd.			906,634		10,050,865
China Resources Land Ltd.	†		1,108,000		2,422,325
China Resources Power Holdings Co. Ltd.			852,000		1,863,402
CLP Holdings Ltd.			480,000		4,074,231
CNOOC Ltd.			2,511,000		5,098,184
Galaxy Entertainment Group Ltd.	*†		1,093,000		3,631,374
Hang Lung Properties Ltd.			583,000		1,985,045
Hang Seng Bank Ltd.			190,494		2,912,088
Henderson Land Development Co. Ltd.			108,999		780,591
Hong Kong & China Gas Co. Ltd.			1,961,630		4,958,623
Hongkong Land Holdings Ltd.			244,970		1,468,082
Jardine Matheson Holdings Ltd.			49,600		2,815,669
Link (The) REIT			596,000		2,822,857
Sino Land Co. Ltd.			1,141,838		2,126,395
SmarTone Telecommunications Holdings Ltd.			1,460,500		2,899,743
Sun Hung Kai Properties Ltd.			466,954		6,794,391

					72,298,038

India—0.8%
Axis Bank Ltd., Reg S GDR			106,248		2,264,103
ICICI Bank Ltd. ADR			50,600		2,031,084
Infosys Ltd. ADR			16,100		781,494
Larsen & Toubro Ltd. GDR			105,802		3,174,488


Vantagepoint International Fund
		Shares		Value
COMMON STOCKS—(Continued)
Tata Motors Ltd. ADR			93,900	$	2,411,352

					10,662,521

Indonesia—0.6%
Astra International Tbk PT			3,028,500		2,334,257
Bank Rakyat Indonesia Persero Tbk PT			3,398,000		2,633,685
Perusahaan Gas Negara Persero Tbk PT			5,212,500		2,240,358

					7,208,300

Ireland—0.9%
Covidien plc			94,499		5,615,130
CRH plc (Dublin Exchange)			44,486		854,366
Shire plc			65,759		1,939,810
WPP plc			195,759		2,666,409

					11,075,715

Israel—1.3%
Bank Hapoalim BM	*		710,626		2,535,530
Delek Group Ltd.			5,843		980,284
Mizrahi Tefahot Bank Ltd.	*		333,668		2,962,473
Rami Levi Chain Stores Hashikma Marketing 2006 Ltd.			66,215		2,023,195
Teva Pharmaceutical Industries Ltd. ADR			188,700		7,814,067

					16,315,549

Italy—2.5%
ENI SpA			537,868		11,791,935
Fiat Industrial SpA			212,614		2,082,171
Intesa Sanpaolo SpA			2,878,560		4,389,359
Pirelli & C. SpA	†		281,100		3,033,305
Prada SpA	†		353,000		2,622,560
Saipem SpA			141,644		6,825,875
Sorin SpA	*		675,648		1,528,314

					32,273,519

Japan—17.0%
Aeon Mall Co. Ltd.			148,400		3,623,629
Aisin Seiki Co. Ltd.			81,100		2,309,676
Bridgestone Corp.			70,310		1,630,647
Canon, Inc.			423,600		13,596,585
Central Japan Railway Co.			29,900		2,624,532
Chugai Pharmaceutical Co. Ltd.			167,200		3,504,424
Daikin Industries Ltd.	†		98,000		2,534,680
Daikyo, Inc.			958,000		2,410,180
Daito Trust Construction Co. Ltd.	†		50,200		5,039,284
Denso Corp.			146,500		4,603,097
FANUC Corp.			32,500		5,231,147
Geo Holdings Corp.	†		1,500		1,718,469
Honda Motor Co. Ltd.	†		316,100		9,769,181
HOYA Corp.			164,900		3,617,603
INPEX Corp.			590		3,507,401
Japan Tobacco, Inc.			346,500		10,372,044
JX Holdings, Inc.			270,000		1,474,896
Kao Corp.			476,400		14,006,767
KDDI Corp.			30,900		2,396,680
Keyence Corp.			16,192		4,146,480
Komatsu Ltd.	†		188,300		3,690,664
Mitsubishi Estate Co. Ltd.			123,000		2,351,775


Vantagepoint International Fund
		Shares		Value
COMMON STOCKS—(Continued)
Mitsubishi UFJ Financial Group, Inc.			686,000	$	3,210,174
Mizuho Financial Group, Inc.	†		1,764,000		2,863,038
NGK Insulators Ltd.	†		247,000		2,955,244
NHK Spring Co. Ltd.			216,000		1,855,994
Nippon Steel Corp.			1,046,000		2,141,934
Nippon Telegraph & Telephone Corp.			131,427		6,253,308
NTT DOCOMO, Inc.	†		1,350		2,181,162
ORIX Corp.			29,900		2,994,774
Rakuten, Inc.			70,300		714,814
Ricoh Co. Ltd.	†		291,000		2,457,416
Seven & I Holdings Co. Ltd.			368,800		11,301,254
Shimamura Co. Ltd.			27,000		3,143,289
Shin-Etsu Chemical Co. Ltd.			81,900		4,602,705
Softbank Corp.			168,000		6,792,497
Sumitomo Corp.	†		233,700		3,143,876
Sumitomo Mitsui Financial Group, Inc.			104,291		3,249,519
Sumitomo Mitsui Trust Holdings, Inc.			951,000		2,823,375
Sumitomo Precision Products Co. Ltd.			328,000		1,349,972
Takeda Pharmaceutical Co. Ltd.	†		253,000		11,639,916
Tokai Rika Co. Ltd.			157,000		2,202,935
Tokio Marine Holdings, Inc.			547,400		13,929,462
Tokyo Electron Ltd.	†		113,300		4,826,585
Toyoda Gosei Co. Ltd.			149,000		2,983,793
Toyota Motor Corp.			277,000		10,860,983
Universal Entertainment Corp.	†		82,600		1,671,580
Yorozu Corp.			68,000		1,061,291

					217,370,731

Kazakhstan—0.1%
KazMunaiGas Exploration Production JSC, Reg S GDR			82,959		1,532,506

Korea, Republic of—2.4%
Dongbu Insurance Co. Ltd.			56,400		2,446,569
Hyundai Marine & Fire Insurance Co. Ltd.			78,200		2,420,529
Hyundai Mobis			12,476		3,468,392
KB Financial Group, Inc.			55,509		1,967,539
Korea Electric Power Corp.	*		114,800		2,882,311
Korea Exchange Bank	*		311,400		2,372,150
LG Display Co. Ltd.	*		126,200		3,193,585
Samsung Electronics Co. Ltd.			6,687		8,058,492
Samsung Life Insurance Co. Ltd.			26,800		2,309,441
SK Holdings Co. Ltd.			15,000		2,079,034

					31,198,042

Macau—0.8%
Sands China Ltd.			1,761,769		6,522,727
Wynn Macau Ltd.	†		1,226,448		3,288,056

					9,810,783

Mexico—0.6%
America Movil SAB de CV, Series L ADR			85,742		2,181,276
Grupo Financiero Santander Mexico SAB de CV ADR	*		191,800		2,627,660


Vantagepoint International Fund
		Shares		Value
COMMON STOCKS—(Continued)
Grupo Mexico SAB de CV, Series B			854,596	$	2,824,365

					7,633,301

Netherlands—4.2%
Akzo Nobel NV			41,228		2,328,013
ASML Holding NV			47,700		2,551,400
European Aeronautic Defence and Space Co. NV			79,300		2,513,408
Gemalto NV			27,400		2,409,803
Koninklijke Ahold NV			971,138		12,163,087
Koninklijke Philips Electronics NV			96,800		2,260,034
Koninklijke Vopak NV			30,642		2,150,070
Reed Elsevier NV			556,159		7,417,908
Royal Dutch Shell plc, Class A			306,782		10,622,149
Unilever NV CVA			223,736		7,935,030
Ziggo NV			23,372		793,605

					53,144,507

Norway—0.2%
Statoil ASA			105,500		2,722,595

Peru—0.3%
Credicorp Ltd.			26,156		3,276,824

Philippines—0.2%
Philippine Long Distance Telephone Co. ADR			45,700		3,016,657

Russia—0.4%
Gazprom OAO ADR			198,494		2,000,486
Lukoil OAO ADR			41,600		2,560,064

					4,560,550

Singapore—2.1%
City Developments Ltd.			82,049		780,954
DBS Group Holdings Ltd.			419,448		4,899,259
Genting Singapore plc (Registered)			705,374		784,219
Global Logistic Properties Ltd.			1,414,200		2,882,721
Oversea-Chinese Banking Corp. Ltd.			418,100		3,170,940
SembCorp Marine Ltd.			300		1,207
Singapore Telecommunications Ltd.			1,870,000		4,869,384
United Overseas Bank Ltd.			631,236		10,066,322

					27,455,006

South Africa—0.2%
Sasol Ltd.			32,107		1,431,642
Tiger Brands Ltd.			43,592		1,429,916

					2,861,558

Spain—2.6%
Gas Natural SDG SA			126,500		1,790,058
Grifols SA	*†		132,376		4,375,471
Iberdrola SA	†		2,102,783		9,534,044
Inditex SA			68,200		8,474,048
Telefonica SA			677,327		9,052,919

					33,226,540

Sweden—0.6%
Hennes & Mauritz AB, Class B			130,300		4,534,854


Vantagepoint International Fund
		Shares		Value
COMMON STOCKS—(Continued)
Lundbergforetagen AB, B Shares			80,494	$	2,789,403

					7,324,257

Switzerland—6.2%
ABB Ltd.	*		361,040		6,774,256
Actelion Ltd. (Registered)	*		7,329		367,372
Adecco SA (Registered)	*		61,900		2,954,727
Compagnie Financiere Richemont SA (A Bearer Shares)			42,300		2,539,827
Givaudan SA (Registered)	*		1,584		1,503,856
Logitech International SA (Registered)	*†		226,700		2,082,979
Nestle SA			210,904		13,307,489
Novartis AG (Registered)			259,609		15,888,984
OC Oerlikon Corp. AG (Registered)	*		272,300		2,621,724
Roche Holding AG (Genusschein)			26,073		4,876,868
SGS SA (Registered)			2,500		5,141,080
Swatch Group AG (The) (Bearer)			5,293		2,113,784
Swiss Life Holding AG (Registered)	*		20,600		2,460,354
Swiss Re AG	*		54,100		3,481,000
Syngenta AG (Registered)			12,700		4,750,847
Zurich Insurance Group AG (Registered)	*		31,525		7,859,415

					78,724,562

Taiwan—0.6%
Taiwan Semiconductor Manufacturing Co. Ltd. ADR			320,300		5,067,146
Taiwan Semiconductor Manufacturing Co. Ltd.			961,000		2,956,299

					8,023,445

Thailand—0.4%
Kasikornbank PCL NVDR			316,300		1,870,887
PTT PCL	‡		261,900		2,793,457

					4,664,344

Turkey—0.4%
Tupras Turkiye Petrol Rafinerileri AS			110,506		2,523,247
Turk Telekomunikasyon AS			139,126		554,155
Turkiye Garanti Bankasi AS			479,591		2,003,564

					5,080,966

United Kingdom—14.1%
AstraZeneca plc (London Exchange)			134,799		6,435,977
BAE Systems plc			547,100		2,876,514
Barclays plc			843,300		2,928,449
BG Group plc			214,000		4,330,231
BP plc			2,464,714		17,375,932
BT Group plc			961,280		3,583,405
Centrica plc			849,000		4,492,579
Debenhams plc			4,433,663		7,343,764
Diageo plc			43,862		1,235,073
Drax Group plc			201,000		1,647,707
easyJet plc			257,300		2,418,235
EnQuest plc	*		1,204,500		2,238,167


Vantagepoint International Fund
		Shares		Value
COMMON STOCKS—(Continued)
Enterprise Inns plc	*		1,017,399	$	1,037,159
GlaxoSmithKline plc			569,524		13,146,109
HSBC Holdings plc (London Exchange)			1,641,729		15,251,266
Imperial Tobacco Group plc			196,631		7,284,504
Intercontinental Hotels Group plc			8,501		223,234
Intermediate Capital Group plc			1,220,132		5,890,898
Johnson Matthey plc			43,204		1,687,541
Kingfisher plc			89,748		383,671
Land Securities Group plc REIT			51,288		632,086
London Stock Exchange Group plc			138,100		2,106,674
Meggitt plc			184,576		1,177,950
Micro Focus International plc			259,600		2,475,091
National Grid plc			313,994		3,463,624
Pace plc			886,500		2,282,420
Prudential plc			79,471		1,031,953
Reckitt Benckiser Group plc			127,281		7,333,231
SABMiller plc			116,465		5,124,468
Smith & Nephew plc			394,900		4,356,284
Standard Chartered plc (London Exchange)			176,632		4,002,282
Tesco plc			2,864,774		15,383,877
Unilever plc			301,423		11,005,537
Vodafone Group plc			3,645,789		10,359,994
William Hill plc			490,300		2,511,945
Wm Morrison Supermarkets plc			1,042,944		4,808,725

					179,866,556

United States—0.5%
Liberty Global, Inc., Series A	*		23,066		1,401,260
Schlumberger Ltd.			58,077		4,200,709
Virgin Media, Inc.	†		23,795		700,525

					6,302,494

TOTAL COMMON STOCKS (Cost $1,175,335,797)					1,250,591,645

PREFERRED STOCKS—0.6%
Germany—0.3%
Henkel AG & Co. KGaA			47,438		3,778,846

Korea, Republic of—0.3%
Samsung Electronics Co. Ltd.			5,300		3,746,206

TOTAL PREFERRED STOCKS (Cost $6,899,138)					7,525,052

MONEY MARKET FUNDS—7.7%
Institutional Money Market Funds—7.7%
Dreyfus Institutional Cash Advantage Fund, 0.13%	††¥		15,000,000		15,000,000
Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class, 0.20%	¥		12,789,915		12,789,915
Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class, 0.20%	††¥		10,495,530		10,495,530


Vantagepoint International Fund
		Shares		Value
MONEY MARKET FUNDS—(Continued)
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.16%	††¥		15,000,000	$	15,000,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.17%	††¥		15,000,000		15,000,000
Wells Fargo Advantage Cash Investment Money Market Fund—Select Class, 0.17%	††¥		15,000,000		15,000,000
Wells Fargo Advantage Heritage Money Market Fund—Select Class, 0.15%	††¥		15,000,000		15,000,000

TOTAL MONEY MARKET FUNDS (Cost $98,285,445)					98,285,445

TOTAL INVESTMENTS—106.3% (Cost $1,280,520,380)					1,356,402,142
Other assets less liabilities—(6.3%)					(80,004,020	)

NET ASSETS—100.0%				$	1,276,398,122

Legend to the Schedule of Investments:

ADR	American Depositary Receipt

CVA	Dutch Certificate of Shares

GDR	Global Depositary Receipt

NVDR	Non-Voting Depositary Receipt

Reg S

Security purchased outside the United States and is not registered under the Securities Act of 1933. This security may be resold in the United States only if the offer and sale are made pursuant to such registration or are exempt from registration.

REIT	Real Estate Investment Trust

†	Denotes all or a portion of the security on loan.

*	Non-income producing.

‡	Security valued at fair value as determined by policies approved by the Board of Directors.

††	Represents reinvestment of collateral received in conjunction with securities lending.

¥	The rate quoted is the annualized seven-day yield of the fund at period end.


Vantagepoint International Fund
Percentage of Portfolio by Industry:

COMMON STOCKS
Oil, Gas & Consumable Fuels	9.4	%
Commercial Banks	8.1	%
Pharmaceuticals	7.9	%
Insurance	5.7	%
Food & Staples Retailing	5.4	%
Diversified Telecommunication Services	4.5	%
Food Products	3.3	%
Wireless Telecommunication Services	3.3	%
Chemicals	2.9	%
Automobiles	2.7	%
Real Estate Management & Development	2.7	%
Beverages	2.3	%
Auto Components	2.2	%
Semiconductors & Semiconductor Equipment	2.1	%
Personal Products	2.1	%
Machinery	1.9	%
Specialty Retail	1.7	%
Health Care Equipment & Supplies	1.6	%
Electric Utilities	1.6	%
Multi-Utilities	1.6	%
Hotels, Restaurants & Leisure	1.5	%
Tobacco	1.4	%
Metals & Mining	1.4	%
Office Electronics	1.3	%
Textiles, Apparel & Luxury Goods	1.2	%
Energy Equipment & Services	1.2	%
Media	1.1	%
Biotechnology	1.0	%
Building Products	1.0	%
Electronic Equipment, Instruments & Components	0.9	%
Road & Rail	0.9	%
Industrial Conglomerates	0.8	%
Aerospace & Defense	0.8	%
Software	0.8	%
Electrical Equipment	0.8	%
Internet Software & Services	0.8	%
Trading Companies & Distributors	0.8	%
Gas Utilities	0.7	%
Multiline Retail	0.6	%
Professional Services	0.6	%
Diversified Financial Services	0.6	%
Real Estate Investment Trusts (REITs)	0.6	%
Household Products	0.6	%
Transportation Infrastructure	0.5	%
Capital Markets	0.5	%
Construction & Engineering	0.4	%
IT Services	0.3	%
Computers & Peripherals	0.3	%
Independent Power Producers & Energy Traders	0.3	%
Distributors	0.2	%
Health Care Providers & Services	0.2	%
Air Freight & Logistics	0.2	%
Communications Equipment	0.2	%
Airlines	0.2	%
Leisure Equipment & Products	0.1	%
Internet & Catalog Retail	0.1	%
Construction Materials	0.1	%

TOTAL COMMON STOCKS	98.0	%

PREFERRED STOCKS
Semiconductors & Semiconductor Equipment	0.3	%
Household Products	0.3	%

TOTAL PREFERRED STOCKS	0.6	%


Vantagepoint Diversifying Strategies Fund
		Shares		Value
COMMON STOCKS—3.4%
Capital Markets—0.3%
Franklin Resources, Inc.			14,800	$	1,851,036
T. Rowe Price Group, Inc.			12,000		759,600

					2,610,636

Electrical Equipment—0.0%
ABB Ltd. (Switzerland)	*		30,000		562,895

Electronic Equipment, Instruments & Components—0.1%
Hon Hai Precision Industry Co. Ltd. (Taiwan)			231,000		723,272

Energy Equipment & Services—0.2%
National Oilwell Varco, Inc.			12,000		961,320
Schlumberger Ltd.			13,136		950,127

					1,911,447

Food Products—0.1%
Nestle SA (Switzerland)			16,200		1,022,178

Metals & Mining—0.4%
Barrick Gold Corp. (Canada)			61,000		2,548,957
Goldcorp, Inc. (Canada)			27,000		1,237,950

					3,786,907

Pharmaceuticals—0.9%
Novo Nordisk A/S, Class B (Denmark)			46,600		7,333,626
Sawai Pharmaceutical Co. Ltd. (Japan)			9,900		1,148,733

					8,482,359

Semiconductors & Semiconductor Equipment—0.1%
Dialog Semiconductor plc (United Kingdom)	*		40,000		780,100

Software—0.9%
Microsoft Corp.			86,700		2,581,926
SAP AG (Germany)			91,800		6,532,801

					9,114,727

Textiles, Apparel & Luxury Goods—0.4%
Swatch Group AG (The) (Bearer) (Switzerland)			9,225		3,684,046

TOTAL COMMON STOCKS (Cost $28,788,134)					32,678,567

CONVERTIBLE PREFERRED STOCKS—1.2%
Electric Utilities—0.4%
NextEra Energy, Inc. 5.599%			70,500		3,602,550

Food Products—0.1%
Bunge Ltd., Perpetual (Bermuda) 4.875%			14,195		1,383,920

Metals & Mining—0.2%
AngloGold Ashanti Holdings Finance plc (South Africa) 6.000%			42,500		1,767,575

Oil, Gas & Consumable Fuels—0.5%
Apache Corp., Series D 6.000%			21,900		1,065,435


Vantagepoint Diversifying Strategies Fund
		Shares		Value
CONVERTIBLE PREFERRED STOCKS—(Continued)
Chesapeake Energy Corp., Perpetual 5.750%	^		4,035	$	3,783,821

					4,849,256

TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $11,929,730)					11,603,301


Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—32.5%
Aerospace & Defense—0.3%
General Dynamics Corp.
4.250%		05/15/2013	§	$	980,000		1,004,625
Raytheon Co.
1.400%		12/15/2014	§		875,000		889,406
United Technologies Corp.
1.200%		06/01/2015			320,000		325,974
0.918%		06/01/2015	#§		1,055,000		1,068,448

							3,288,453

Auto Components—0.2%
American Axle & Manufacturing, Inc.
7.875%		03/01/2017			900,000		940,500
Goodyear Tire & Rubber Co. (The)
7.000%		05/15/2022			550,000		585,750
Johnson Controls, Inc.
0.852%		02/04/2014	#§		770,000		773,239

							2,299,489

Automobile—0.7%
Daimler Finance North America LLC
2.300%		01/09/2015	^§		1,480,000		1,519,202
1.875%		09/15/2014	^§		870,000		883,901
1.300%		07/31/2015	^§		910,000		914,213
Volkswagen International Finance NV (Netherlands)
1.625%		03/22/2015	^		1,600,000		1,627,280
1.126%		03/21/2014	#^§		1,250,000		1,257,144

							6,201,740

Beverages—1.1%
Anheuser-Busch InBev Worldwide, Inc.
3.000%		10/15/2012			910,000		910,859
2.500%		03/26/2013			1,240,000		1,252,399
1.097%		03/26/2013	#§		1,100,000		1,104,301
0.800%		07/15/2015	§		820,000		823,998
Coca-Cola Enterprises, Inc.
1.125%		11/12/2013	§		720,000		724,128
Constellation Brands, Inc.
6.000%		05/01/2022			750,000		856,875
PepsiCo, Inc.
0.700%		08/13/2015	§		1,810,000		1,817,540
SABMiller Holdings, Inc.
2.450%		01/15/2017	^§		810,000		848,091
1.850%		01/15/2015	^§		1,870,000		1,914,974

							10,253,165

Biotechnology—0.5%
Amgen, Inc.
2.300%		06/15/2016	§		750,000		782,899
1.875%		11/15/2014	§		970,000		996,282
Genzyme Corp.
3.625%		06/15/2015	§		730,000		788,784


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Gilead Sciences, Inc.
2.400%		12/01/2014		$	420,000	$	434,505
Life Technologies Corp.
3.500%		01/15/2016	§		1,500,000		1,580,082

							4,582,552

Capital Markets—0.8%
Astoria Financial Corp.
5.000%		06/19/2017	§		1,120,000		1,164,599
Bank of New York Mellon Corp. (The) MTN
1.200%		02/20/2015			300,000		304,218
0.725%		01/31/2014	#§		1,000,000		1,003,325
Macquarie Bank Ltd. (Australia)
3.450%		07/27/2015	^§		1,210,000		1,239,188
Morgan Stanley
1.427%		04/29/2013	#§		2,700,000		2,703,421
TD Ameritrade Holding Corp.
4.150%		12/01/2014	§		760,000		812,485
WT Finance Aust Pty Ltd./Westfield Capital/WEA Finance LLC (Australia)
5.125%		11/15/2014	^		400,000		432,141

							7,659,377

Chemicals—0.4%
Airgas, Inc.
2.850%		10/01/2013	§		1,270,000		1,294,909
Eastman Chemical Co.
2.400%		06/01/2017			570,000		595,970
Ecolab, Inc.
2.375%		12/08/2014	§		600,000		622,570
1.000%		08/09/2015	§		230,000		231,209
EI du Pont de Nemours & Co.
0.789%		03/25/2014	§		620,000		624,270
Ferro Corp.
7.875%		08/15/2018			100,000		97,000

							3,465,928

Commercial Banks—5.5%
Banco Bradesco SA (Brazil)
2.537%		05/16/2014	#^§		1,000,000		1,007,432
Banco de Credito del Peru (Peru)
4.750%		03/16/2016	^§		1,225,000		1,298,500
Banco de Credito e Inversiones (Chile)
3.000%		09/13/2017	^§		800,000		800,824
Banco do Brasil SA (Brazil)
4.500%		01/22/2015	^§		1,200,000		1,266,000
Banco do Nordeste do Brasil SA (Brazil)
3.625%		11/09/2015	^§		1,320,000		1,359,600
Bank of Ceylon (Sri Lanka)
6.875%		05/03/2017	^§		1,000,000		1,072,500
Bank of Montreal MTN (Canada)
0.878%		09/11/2015	#§		930,000		932,637
Bank of Nova Scotia (Canada)
1.850%		01/12/2015	§		2,000,000		2,062,608
Barclays Bank plc (United Kingdom)
3.900%		04/07/2015	§		925,000		981,557
1.496%		01/13/2014	#§		2,010,000		2,018,848
BB&T Corp.
1.147%		04/28/2014	#		850,000		855,585
BB&T Corp. MTN
1.600%		08/15/2017			480,000		489,186


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
BB&T Corp., Series A MTN
3.375%		09/25/2013		$	400,000	$	411,007
Canadian Imperial Bank of Commerce (Canada)
0.900%		10/01/2015			2,280,000		2,286,530
Capital One Financial Corp.
2.125%		07/15/2014	§		1,780,000		1,817,045
CBQ Finance Ltd. (Bermuda)
5.000%		11/18/2014	^§		750,000		801,182
CIT Group, Inc.
5.000%		05/15/2017			695,000		745,387
5.000%		08/15/2022			500,000		522,708
4.750%		02/15/2015	^§		1,440,000		1,508,400
Credit Suisse (Switzerland)
1.415%		01/14/2014	#§		3,330,000		3,350,656
HSBC USA, Inc.
2.375%		02/13/2015	§		680,000		700,422
ICICI Bank Ltd. (India)
5.500%		03/25/2015	^§		450,000		474,430
ING Bank NV (Netherlands)
3.750%		03/07/2017	^		1,500,000		1,582,170
2.009%		09/25/2015	#^		980,000		983,277
KeyCorp MTN
3.750%		08/13/2015	§		630,000		679,984
National Bank of Canada (Canada)
1.500%		06/26/2015			600,000		609,148
Oversea-Chinese Banking Corp. Ltd. (Singapore)
1.625%		03/13/2015	^§		800,000		810,358
Royal Bank of Canada (Canada)
1.125%		01/15/2014	§		2,330,000		2,352,049
Societe Generale SA (France)
1.719%		12/13/2013	#^		1,000,000		1,001,515
Sparebank 1 Boligkreditt AS (Norway)
1.250%		10/25/2013	^§		1,260,000		1,268,650
Toronto-Dominion Bank (The) (Canada)
2.500%		07/14/2016	§		2,100,000		2,222,426
0.755%		07/14/2014	#§		1,320,000		1,326,946
Union Bank NA
1.362%		06/06/2014	#§		1,360,000		1,354,692
Union Bank NA, Bank Note
2.125%		12/16/2013	§		1,560,000		1,588,369
US Bancorp
4.200%		05/15/2014	§		800,000		847,530
2.000%		06/14/2013	§		1,000,000		1,011,823
US Bancorp MTN
1.375%		09/13/2013	§		1,000,000		1,008,784
US Bank NA, Bank Note
0.735%		10/14/2014	#§		1,500,000		1,497,273
Wachovia Bank NA, Bank Note
4.800%		11/01/2014	§		1,390,000		1,495,500
Wachovia Corp. MTN
0.635%		08/01/2013	#§		1,000,000		1,000,949
Wells Fargo & Co. MTN
2.100%		05/08/2017			340,000		352,145
1.250%		02/13/2015			200,000		202,500
Westpac Banking Corp. (Australia)
1.129%		09/25/2015	#		2,540,000		2,546,380

							52,505,512

Commercial Services & Supplies—0.2%
PHH Corp.
7.375%		09/01/2019	§		1,600,000		1,720,000


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Communications Equipment—0.2%
Cisco Systems, Inc.
0.644%		03/14/2014	#§	$	1,500,000	$	1,506,951
SBA Communications Corp.
5.625%		10/01/2019	^		500,000		510,625

							2,017,576

Computers & Peripherals—0.2%
Hewlett-Packard Co.
2.350%		03/15/2015	§		1,200,000		1,223,481
1.931%		09/19/2014	#§		900,000		911,252

							2,134,733

Consumer Finance—3.4%
Ally Financial, Inc.
4.625%		06/26/2015	§		1,500,000		1,539,228
American Express Credit Corp.
1.223%		06/24/2014	#§		1,570,000		1,587,254
American Express Credit Corp. MTN
1.919%		06/19/2013	#§		700,000		707,089
1.750%		06/12/2015	§		530,000		542,479
American Honda Finance Corp.
1.450%		02/27/2015	^§		2,410,000		2,449,758
Banque PSA Finance SA (France)
2.255%		04/04/2014	#^		1,360,000		1,333,748
Caterpillar Financial Services Corp. MTN
0.788%		02/09/2015	#§		1,200,000		1,206,497
0.577%		08/27/2014	#§		800,000		801,673
Caterpillar Financial Services Corp., Series G MTN
1.375%		05/20/2014			1,700,000		1,725,097
Ford Motor Credit Co. LLC
3.875%		01/15/2015	§		2,620,000		2,739,647
3.000%		06/12/2017	§		1,275,000		1,299,228
General Motors Financial Co., Inc.
4.750%		08/15/2017	^§		1,130,000		1,159,852
HSBC Finance Corp.
0.705%		01/15/2014	#		1,500,000		1,490,952
Hyundai Capital America
1.625%		10/02/2015	^		1,010,000		1,011,236
International Lease Finance Corp.
6.500%		09/01/2014	^		600,000		648,000
4.875%		04/01/2015	§		1,630,000		1,700,354
John Deere Capital Corp.
0.699%		04/25/2014	#§		910,000		912,195
John Deere Capital Corp. MTN
1.600%		03/03/2014			2,720,000		2,764,314
0.559%		06/16/2014	#§		1,350,000		1,353,767
PACCAR Financial Corp.
0.664%		06/05/2014	#§		380,000		381,120
PACCAR Financial Corp. MTN
1.550%		09/29/2014	§		710,000		724,238
1.050%		06/05/2015			320,000		323,104
Toyota Motor Credit Corp.
0.875%		07/17/2015	§		2,640,000		2,654,705
Toyota Motor Credit Corp. MTN
1.000%		02/17/2015	§		1,860,000		1,881,239

							32,936,774

Containers & Packaging—0.1%
Bemis Co., Inc.
5.650%		08/01/2014			290,000		313,449


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Rock-Tenn Co.
4.450%		03/01/2019	^§	$	475,000	$	501,735

							815,184

Diversified Financial Services—2.5%
Bank of America Corp.
4.500%		04/01/2015	§		600,000		643,099
3.700%		09/01/2015	§		1,370,000		1,448,168
Bank of America Corp., Series 1
3.750%		07/12/2016			385,000		408,838
Citigroup, Inc.
6.000%		12/13/2013			475,000		503,915
5.300%		10/17/2012			475,000		475,931
4.450%		01/10/2017	§		675,000		742,131
2.438%		08/13/2013	#§		1,530,000		1,550,781
2.250%		08/07/2015	§		1,540,000		1,564,568
CME Group, Inc.
5.750%		02/15/2014	§		1,000,000		1,069,484
Equifax, Inc.
4.450%		12/01/2014			160,000		169,417
ERAC USA Finance LLC
2.250%		01/10/2014	^§		630,000		638,344
General Electric Capital Corp.
5.900%		05/13/2014			430,000		465,285
2.150%		01/09/2015	§		1,740,000		1,791,737
1.625%		07/02/2015	§		1,100,000		1,119,991
General Electric Capital Corp., Series A MTN
3.750%		11/14/2014	§		750,000		795,384
Harley-Davidson Financial Services, Inc.
1.150%		09/15/2015	^§		915,000		916,775
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
7.750%		01/15/2016	§		1,035,000		1,084,162
JPMorgan Chase & Co.
5.250%		05/01/2015	§		1,335,000		1,459,933
JPMorgan Chase & Co. MTN
1.252%		01/24/2014	#§		800,000		805,494
Lender Processing Services, Inc.
5.750%		04/15/2023			500,000		500,000
NASDAQ OMX Group, Inc. (The)
4.000%		01/15/2015	§		1,210,000		1,266,960
National Rural Utilities Cooperative Finance Corp.
1.000%		02/02/2015	§		1,070,000		1,083,053
0.537%		08/09/2013	#§		720,000		720,021
National Rural Utilities Cooperative Finance Corp. MTN
0.605%		04/04/2014	#§		420,000		421,228
Noble Group Ltd. (Bermuda)
8.500%		05/30/2013	^		530,000		549,875
Pinnacle Foods Finance LLC/Pinnacle Foods Finance Corp.
8.250%		09/01/2017			550,000		598,812
Susser Holdings LLC/Susser Finance Corp.
8.500%		05/15/2016	§		1,090,000		1,178,562

							23,971,948

Diversified Telecommunication Services—1.8%
AT&T, Inc.
0.875%		02/13/2015	§		3,410,000		3,441,181
British Telecommunications plc (United Kingdom)
2.000%		06/22/2015			400,000		411,541
1.504%		12/20/2013	#§		1,000,000		1,006,882


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Cellco Partnership/Verizon Wireless Capital LLC
5.550%		02/01/2014		$	500,000	$	532,023
CenturyLink, Inc.
5.800%		03/15/2022			400,000		436,058
Frontier Communications Corp.
8.500%		04/15/2020			1,050,000		1,191,750
6.250%		01/15/2013	§		820,000		832,300
Hughes Satellite Systems Corp.
7.625%		06/15/2021			1,000,000		1,112,500
Qtel International Finance Ltd. (Bermuda)
6.500%		06/10/2014	^§		1,170,000		1,270,620
Telecom Italia Capital SA (Luxembourg)
5.250%		11/15/2013			280,000		289,450
Telefonica Emisiones SAU (Spain)
2.582%		04/26/2013	§		1,260,000		1,264,725
Verizon Communications, Inc.
0.972%		03/28/2014	#§		3,800,000		3,830,772
Virgin Media Finance plc (United Kingdom)
5.250%		02/15/2022			200,000		211,000
Windstream Corp.
8.125%		08/01/2013	§		300,000		316,500
7.875%		11/01/2017	§		990,000		1,111,275

							17,258,577

Electric Utilities—1.2%
Appalachian Power Co.
0.810%		08/16/2013	#§		1,270,000		1,271,088
Cia de Eletricidade do Estado da Bahia (Brazil)
11.750%		04/27/2016	^	BRL	1,100,000		590,085
Consolidated Edison Co. of New York, Inc., Series 2002-B
4.875%		02/01/2013	§		1,000,000		1,014,939
Duke Energy Corp.
3.950%		09/15/2014	§		290,000		307,552
Georgia Power Co.
1.300%		09/15/2013	§		1,260,000		1,270,668
0.709%		03/15/2013	#§		1,700,000		1,700,728
NextEra Energy Capital Holdings, Inc.
2.600%		09/01/2015	§		2,000,000		2,075,016
1.611%		06/01/2014	§		340,000		344,455
1.200%		06/01/2015	§		130,000		130,911
Northeast Utilities
1.129%		09/20/2013	#§		1,190,000		1,197,330
Ohio Power Co., Series C
5.500%		03/01/2013			750,000		765,217
Pacific Gas & Electric Co.
0.884%		11/20/2012	#		590,000		590,489

							11,258,478

Electronic Equipment, Instruments & Components—0.4%
Agilent Technologies, Inc.
2.500%		07/15/2013			520,000		527,087
Tech Data Corp.
3.750%		09/21/2017			1,600,000		1,630,735
Thermo Fisher Scientific, Inc.
2.150%		12/28/2012	§		1,200,000		1,203,476

							3,361,298

Energy Equipment & Services—0.3%
Cameron International Corp.
1.351%		06/02/2014	#§		1,010,000		1,009,740


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Precision Drilling Corp. (Canada)
6.625%		11/15/2020		$	900,000	$	963,000
Schlumberger Investment SA (Luxembourg)
1.250%		08/01/2017	^		800,000		799,974

							2,772,714

Food & Staples Retailing—0.5%
Kroger Co. (The)
2.200%		01/15/2017	§		750,000		768,958
Safeway, Inc.
3.400%		12/01/2016	§		750,000		785,981
1.904%		12/12/2013	#§		1,230,000		1,230,618
Sysco Corp.
0.550%		06/12/2015	§		270,000		270,266
Walgreen Co.
1.000%		03/13/2015			650,000		652,935
0.899%		03/13/2014	#§		1,270,000		1,272,063

							4,980,821

Food Products—0.9%
Campbell Soup Co.
0.743%		08/01/2014	#§		560,000		562,841
ConAgra Foods, Inc.
1.350%		09/10/2015			220,000		221,693
General Mills, Inc.
5.250%		08/15/2013	§		1,500,000		1,562,535
Ingredion, Inc.
3.200%		11/01/2015			350,000		369,638
Kellogg Co.
1.125%		05/15/2015	§		1,100,000		1,111,153
Kraft Foods Group, Inc.
1.625%		06/04/2015	^		500,000		507,904
Kraft Foods, Inc.
5.250%		10/01/2013			390,000		407,136
2.625%		05/08/2013			390,000		394,594
Unilever Capital Corp.
0.450%		07/30/2015	§		1,060,000		1,056,977
Wm. Wrigley Jr. Co.
3.700%		06/30/2014	^§		2,510,000		2,589,828

							8,784,299

Gas Utilities—0.3%
Korea Gas Corp. (South Korea)
2.250%		07/25/2017	^§		1,380,000		1,393,993
Sabine Pass LNG LP
7.250%		11/30/2013	§		1,065,000		1,139,550

							2,533,543

Health Care Equipment & Supplies—0.4%
Covidien International Finance SA (Luxembourg)
1.875%		06/15/2013	§		1,250,000		1,262,441
1.350%		05/29/2015			400,000		405,419
DENTSPLY International, Inc.
1.935%		08/15/2013	#§		1,640,000		1,648,684
Stryker Corp.
3.000%		01/15/2015	§		790,000		831,395

							4,147,939

Health Care Providers & Services—0.9%
CHS/Community Health Systems, Inc.
5.125%		08/15/2018	§		785,000		816,400
DaVita, Inc.
6.625%		11/01/2020			1,050,000		1,127,437


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Express Scripts Holding Co.
2.750%		11/21/2014	^§	$	1,500,000	$	1,558,333
2.100%		02/12/2015	^§		330,000		338,727
HCA Holdings, Inc.
7.750%		05/15/2021			500,000		547,500
HCA, Inc.
6.750%		07/15/2013	§		355,000		369,200
Quest Diagnostics, Inc.
1.223%		03/24/2014	#§		890,000		896,749
WellPoint, Inc.
2.375%		02/15/2017			1,645,000		1,702,990
1.250%		09/10/2015	§		1,060,000		1,068,169

							8,425,505

Household Durables—0.3%
Clorox Co. (The)
5.000%		03/01/2013	§		1,000,000		1,019,020
Lennar Corp.
4.750%		12/15/2017	^§		800,000		830,000
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC
9.875%		08/15/2019			750,000		801,562

							2,650,582

Independent Power Producers & Energy Traders—0.2%
Abu Dhabi National Energy Co. (United Arab Emirates)
4.750%		09/15/2014	^§		1,400,000		1,482,250
AES Corp. (The)
7.750%		03/01/2014	§		650,000		702,000

							2,184,250

Industrial Conglomerates—0.2%
3M Co., Series E MTN
4.375%		08/15/2013	§		750,000		777,526
Danaher Corp.
1.300%		06/23/2014			500,000		508,018
0.626%		06/21/2013	#§		1,000,000		1,002,082

							2,287,626

Insurance—0.7%
Allstate Corp. (The)
6.200%		05/16/2014			510,000		555,563
American International Group, Inc.
2.375%		08/24/2015			460,000		465,231
Hartford Financial Services Group, Inc.
4.000%		03/30/2015			570,000		601,378
MetLife Institutional Funding II
1.255%		04/04/2014	#^§		500,000		504,149
MetLife, Inc.
2.375%		02/06/2014	§		980,000		1,003,140
New York Life Global Funding
0.402%		09/19/2014	#^		1,360,000		1,360,861
Prudential Financial, Inc., Series D MTN
5.150%		01/15/2013	§		2,000,000		2,026,598
2.750%		01/14/2013			600,000		603,927

							7,120,847

Internet & Catalog Retail—0.1%
eBay, Inc.
0.875%		10/15/2013			570,000		571,871


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
0.700%		07/15/2015	§	$	390,000	$	392,120

							963,991

IT Services—0.2%
Computer Sciences Corp.
2.500%		09/15/2015			300,000		304,681
International Business Machines Corp.
2.100%		05/06/2013			630,000		636,679
0.750%		05/11/2015	§		900,000		906,448

							1,847,808

Life Sciences Tools & Services—0.1%
Howard Hughes Medical Institute
3.450%		09/01/2014	§		700,000		741,088

Machinery—0.2%
Case New Holland, Inc.
7.750%		09/01/2013	§		1,450,000		1,524,313
Terex Corp.
6.500%		04/01/2020			500,000		521,250
Tyco Electronics Group SA (Luxembourg)
1.600%		02/03/2015			310,000		314,818

							2,360,381

Media—0.8%
CCO Holdings LLC / CCO Holdings Capital Corp.
5.250%		09/30/2022			725,000		732,250
COX Communications, Inc.
5.450%		12/15/2014			500,000		550,191
DirecTV Holdings LLC/DirecTV Financing Co., Inc.
4.750%		10/01/2014	§		1,200,000		1,287,528
DISH DBS Corp.
6.625%		10/01/2014	§		850,000		924,375
4.625%		07/15/2017	^		1,120,000		1,150,800
Mediacom LLC / Mediacom Capital Corp.
7.250%		02/15/2022			650,000		700,375
NBCUniversal Media LLC
2.100%		04/01/2014	§		1,600,000		1,634,086
Time Warner, Inc.
3.150%		07/15/2015			500,000		533,948
Viacom, Inc.
4.375%		09/15/2014			500,000		534,969

							8,048,522

Metals & Mining—0.8%
ArcelorMittal (Luxembourg)
4.000%		08/05/2015			1,100,000		1,093,774
BHP Billiton Finance USA Ltd. (Australia)
1.000%		02/24/2015	§		1,840,000		1,859,513
FMG Resources August 2006 Pty Ltd. (Australia)
6.000%		04/01/2017	^§		835,000		780,725
Freeport-McMoRan Copper & Gold, Inc.
2.150%		03/01/2017			310,000		313,827
1.400%		02/13/2015	§		700,000		705,451
Rio Tinto Finance USA plc (United Kingdom)
1.125%		03/20/2015	§		800,000		806,650
Steel Dynamics, Inc.
7.375%		11/01/2012			1,065,000		1,071,984
6.125%		08/15/2019	^§		500,000		522,500

							7,154,424


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Multiline Retail—0.2%
Dollar General Corp.
4.125%		07/15/2017	§	$	1,100,000	$	1,155,000
Target Corp.
1.125%		07/18/2014			600,000		607,811

							1,762,811

Multi-Utilities—0.2%
DTE Energy Co.
1.118%		06/03/2013	#§		2,070,000		2,076,173

Oil, Gas & Consumable Fuels—1.5%
Berau Coal Energy Tbk PT (Indonesia)
7.250%		03/13/2017	^§		470,000		442,975
BP Capital Markets plc (United Kingdom)
3.875%		03/10/2015	§		805,000		865,753
Canadian Natural Resources Ltd. (Canada)
5.450%		10/01/2012			1,200,000		1,200,152
Chesapeake Energy Corp.
7.625%		07/15/2013	§		530,000		552,525
Chevron Corp.
3.950%		03/03/2014	§		1,000,000		1,050,170
ConocoPhillips
4.750%		02/01/2014			199,000		210,273
CONSOL Energy, Inc.
8.000%		04/01/2017	§		230,000		241,500
Copano Energy LLC/Copano Energy Finance Corp.
7.125%		04/01/2021			250,000		262,500
Enterprise Products Operating LLC
1.250%		08/13/2015			320,000		323,401
Forest Oil Corp.
8.500%		02/15/2014	§		635,000		687,784
Husky Energy, Inc. (Canada)
5.900%		06/15/2014	§		550,000		597,309
Petrohawk Energy Corp.
7.875%		06/01/2015	§		1,000,000		1,042,344
Phillips 66
2.950%		05/01/2017	^		310,000		328,300
1.950%		03/05/2015	^		310,000		317,382
Plains Exploration & Production Co.
6.125%		06/15/2019			500,000		506,250
Ras Laffan Liquefied Natural Gas Co. Ltd. III (Qatar)
5.500%		09/30/2014	^§		750,000		814,065
Rockies Express Pipeline LLC
3.900%		04/15/2015	^§		770,000		762,300
Tesoro Corp.
4.250%		10/01/2017			780,000		805,350
Total Capital Canada Ltd. (Canada)
0.528%		05/13/2013	#§		1,000,000		1,001,271
Total Capital International SA (France)
1.500%		02/17/2017			480,000		489,061
TransCanada PipeLines Ltd. (Canada)
3.400%		06/01/2015	§		630,000		674,886
WPX Energy, Inc.
5.250%		01/15/2017	§		1,145,000		1,242,325

							14,417,876

Paper & Forest Products—0.1%
Masco Corp.
4.800%		06/15/2015	§		540,000		569,130


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Personal Products—0.1%
Revlon Consumer Products Corp.
9.750%		11/15/2015	§	$	1,090,000	$	1,158,125

Pharmaceuticals—1.3%
GlaxoSmithKline Capital plc (United Kingdom)
0.750%		05/08/2015	§		560,000		563,709
GlaxoSmithKline Capital, Inc.
4.850%		05/15/2013			1,700,000		1,747,452
Novartis Capital Corp.
4.125%		02/10/2014	§		1,580,000		1,659,207
Sanofi (France)
1.625%		03/28/2014	§		1,410,000		1,435,462
1.200%		09/30/2014	§		350,000		354,973
Takeda Pharmaceutical Co. Ltd (Japan)
1.031%		03/17/2015	^§		2,500,000		2,521,025
Teva Pharmaceutical Finance III BV (Netherlands Antilles)
1.700%		03/21/2014			580,000		589,146
0.876%		03/21/2014	#§		470,000		472,660
Teva Pharmaceutical Finance IV LLC
1.700%		11/10/2014	§		1,180,000		1,207,954
Valeant Pharmaceuticals International
6.500%		07/15/2016	^§		1,620,000		1,707,075
Watson Pharmaceuticals, Inc.
1.875%		10/01/2017			490,000		496,042

							12,754,705

Real Estate Investment Trusts (REITs)—0.6%
Digital Realty Trust LP
4.500%		07/15/2015			630,000		674,487
Duke Realty LP
5.400%		08/15/2014	§		650,000		695,669
HCP, Inc.
2.700%		02/01/2014			1,610,000		1,644,340
Health Care REIT, Inc.
6.000%		11/15/2013	§		930,000		977,058
Simon Property Group LP
4.200%		02/01/2015			250,000		266,380
Vornado Realty LP
4.250%		04/01/2015	§		1,240,000		1,311,193

							5,569,127

Road & Rail—0.4%
JB Hunt Transport Services, Inc.
3.375%		09/15/2015	§		970,000		1,001,447
Penske Truck Leasing Co. Lp/PTL Finance Corp.
3.125%		05/11/2015	^§		1,400,000		1,433,208
2.500%		03/15/2016	^		1,100,000		1,100,617
Ryder System, Inc. MTN
2.500%		03/01/2017			620,000		631,317

							4,166,589

Semiconductors & Semiconductor Equipment—0.3%
Texas Instruments, Inc.
0.875%		05/15/2013	§		1,050,000		1,054,359
0.450%		08/03/2015	§		2,150,000		2,144,986

							3,199,345

Software—0.2%
Microsoft Corp.
2.950%		06/01/2014	§		900,000		938,951


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Oracle Corp.
3.750%		07/08/2014	§	$	750,000	$	794,594

							1,733,545

Specialty Retail—0.1%
Limited Brands, Inc.
5.625%		02/15/2022			400,000		433,000
Michaels Stores, Inc.
7.750%		11/01/2018			400,000		431,000
Sally Holdings LLC / Sally Capital, Inc.
5.750%		06/01/2022			500,000		535,000

							1,399,000

Textiles, Apparel & Luxury Goods—0.2%
Hanesbrands, Inc.
6.375%		12/15/2020			950,000		1,035,500
Levi Strauss & Co.
6.875%		05/01/2022			500,000		523,750
VF Corp.
1.184%		08/23/2013	#§		700,000		704,759

							2,264,009

Tobacco—0.2%
BAT International Finance plc (United Kingdom)
1.400%		06/05/2015	^§		1,460,000		1,472,152

Trading Companies & Distributors—0.2%
AmeriGas Finance LLC/AmeriGas Finance Corp.
6.750%		05/20/2020			700,000		749,000
AmeriGas Partners LP/AmeriGas Finance Corp.
6.250%		08/20/2019	§		800,000		836,000

							1,585,000

Water Utilities—0.1%
Veolia Environnement SA (France)
5.250%		06/03/2013	§		910,000		932,650

Wireless Telecommunication Services—0.4%
America Movil SAB de CV (Mexico)
3.625%		03/30/2015	§		350,000		374,232
Rogers Communications, Inc. (Canada)
6.375%		03/01/2014	§		1,390,000		1,501,072
6.250%		06/15/2013	§		1,100,000		1,142,629
Vodafone Group plc (United Kingdom)
4.150%		06/10/2014	§		1,090,000		1,154,526

							4,172,459

TOTAL CORPORATE OBLIGATIONS (Cost $305,427,851)							311,967,820

MORTGAGE-RELATED SECURITIES—6.1%
Commercial Mortgage-Backed Securities—0.3%
LA Arena Funding LLC, Series 1, Class A
7.656%		12/15/2026	^		636,857		699,669
National Credit Union Administration Guaranteed Notes, Series 2010-C1, Class A1
1.600%		10/29/2020	§		921,835		937,967
National Credit Union Administration Guaranteed Notes, Series 2010-C1, Class A2
2.900%		10/29/2020			1,260,000		1,354,500

							2,992,136


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
MORTGAGE-RELATED SECURITIES—(Continued)
Non-Agency Mortgage-Backed Securities—1.7%
Bank of America Mortgage Securities, Inc., Series 2002-K, Class 1A4
2.637%		10/20/2032	#	$	605,159	$	620,023
Credit Suisse First Boston Mortgage Securities Corp., Series 2004-3, Class 2A1
5.000%		04/25/2019			165,141		171,498
Credit Suisse Mortgage Capital Certificates, Series 2011-1R, Class A1
1.216%		02/27/2047	#^§		4,913,486		4,841,325
Fosse Master Issuer plc, Series 2012-1A, Class 2A2 (United Kingdom)
1.855%		10/18/2054	#^§		4,040,000		4,141,823
Sequoia Mortgage Trust, Series 2012-1, Class 1A1
2.865%		01/25/2042	#		2,428,395		2,487,028
Sequoia Mortgage Trust, Series 2012-2, Class A2
3.500%		04/25/2042	#		2,711,669		2,888,720
Thornburg Mortgage Securities Trust, Series 2004-1, Class II2A
1.908%		03/25/2044	#§		845,620		835,649

							15,986,066

U.S. Government Agency Mortgage-Backed Securities—4.1%
Federal Home Loan Mortgage Corp.
3.917%		12/01/2039	#		365,950		390,877
2.375%		09/01/2035	#§		5,190,903		5,556,275
Federal National Mortgage Association
5.000%		01/01/2018			939,083		1,024,124
3.140%		07/01/2041	#		4,178,804		4,405,128
3.069%		06/01/2041	#		2,679,885		2,820,157
0.596%		07/01/2016	#§		6,600,000		6,628,091
Federal National Mortgage Association REMICS, Series 2005-38, Class CD
5.000%		06/25/2019			313,939		319,567
Federal National Mortgage Association REMICS, Series 2012-1, Class AE
1.750%		12/25/2021	§		2,056,252		2,110,797
Federal National Mortgage Association TBA
2.500%		10/25/2027			7,310,000		7,684,638
Government National Mortgage Association, Series 2004-19, Class FC
0.519%		03/20/2034	#§		1,327,731		1,330,679
National Credit Union Administration Guaranteed Notes, Series 2010-R1, Class 1A
0.678%		10/07/2020	#§		1,430,070		1,436,505
National Credit Union Administration Guaranteed Notes, Series 2010-R1, Class 2A
1.840%		10/07/2020			383,338		390,047
National Credit Union Administration Guaranteed Notes, Series 2010-R2, Class 1A
0.598%		11/06/2017	#§		2,962,866		2,970,273
National Credit Union Administration Guaranteed Notes, Series 2011-R4, Class 1A
0.608%		03/06/2020	#§		1,416,572		1,417,989
Springleaf Mortgage Loan Trust, Series 2012-2A, Class A
2.220%		10/25/2057	#^		963,799		968,015

							39,453,162

TOTAL MORTGAGE-RELATED SECURITIES (Cost $57,580,014)							58,431,364


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CONVERTIBLE DEBT OBLIGATIONS—33.2%
Aerospace & Defense—0.4%
Alliant Techsystems, Inc.
3.000%		08/15/2024		$	2,005,000	$	2,075,175
L-3 Communications Holdings, Inc.
3.000%		08/01/2035			2,050,000		2,065,375

							4,140,550

Beverages—0.8%
Asahi Group Holdings Ltd. (Japan)
0.000%		05/26/2028		JPY	360,000,000		4,918,631
Molson Coors Brewing Co.
2.500%		07/30/2013			2,915,000		3,031,600

							7,950,231

Biotechnology—1.0%
Amgen, Inc., Series B
0.375%		02/01/2013			6,600,000		7,375,500
Gilead Sciences, Inc.
1.625%		05/01/2016			1,250,000		1,961,719
1.000%		05/01/2014			200,000		302,000

							9,639,219

Building Products—0.1%
Griffon Corp.
4.000%		01/15/2017	^		970,000		990,612

Capital Markets—1.6%
Affiliated Managers Group, Inc.
3.950%		08/15/2038			4,920,000		5,507,325
Billion Express Investments Ltd. (Virgin Islands, British)
0.750%		10/18/2015			3,400,000		3,626,950
Temasek Financial III Pte Ltd. Reg S, (Singapore)
0.000%		10/24/2014		SGD	7,750,000		6,471,187

							15,605,462

Commercial Services & Supplies—0.3%
Covanta Holding Corp.
3.250%		06/01/2014			2,215,000		2,595,703

Communications Equipment—0.2%
Arris Group, Inc.
2.000%		11/15/2026			1,920,000		2,001,600

Computers & Peripherals—0.6%
EMC Corp., Series B
1.750%		12/01/2013			1,675,000		2,884,141
SanDisk Corp.
1.000%		05/15/2013			2,490,000		2,472,881

							5,357,022

Containers & Packaging—0.4%
Owens-Brockway Glass Container, Inc.
3.000%		06/01/2015	^		4,060,000		3,999,100

Diversified Consumer Services—0.2%
Stewart Enterprises, Inc.
3.125%		07/15/2014			2,100,000		2,184,000

Diversified Financial Services—0.2%
KDDI Corp. (Japan)
0.000%		12/14/2015		JPY	140,000,000		2,027,390


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date		Face		Value
CONVERTIBLE DEBT OBLIGATIONS—(Continued)
Diversified Telecommunication Services—0.4%
Inmarsat plc, Series ISAT (United Kingdom)
1.750%		11/16/2017	$	1,900,000	$	2,439,125
tw telecom inc.
2.375%		04/01/2026		700,000		994,000

						3,433,125

Electrical Equipment—0.4%
General Cable Corp.
0.875%		11/15/2013		3,465,000		3,471,497

Electronic Equipment, Instruments & Components—0.4%
Hon Hai Precision Industry Co. Ltd. (Taiwan)
0.000%		10/12/2013		1,800,000		1,887,300
Pegatron Corp. (Taiwan)
0.000%		02/06/2017		1,600,000		1,760,000

						3,647,300

Energy Equipment & Services—2.9%
Bristow Group, Inc.
3.000%		06/15/2038		1,800,000		1,865,250
Cie Generale de Geophysique - Veritas (France)
1.750%		01/01/2016	EUR	931,383		1,392,400
Exterran Energy Corp.
4.750%		01/15/2014		1,135,000		1,142,803
Exterran Holdings, Inc.
4.250%		06/15/2014		3,660,000		4,142,662
Helix Energy Solutions Group, Inc.
3.250%		12/15/2025		2,945,000		2,968,928
Hercules Offshore, Inc.
3.375%		06/01/2038		715,000		720,363
Hornbeck Offshore Services, Inc.
1.625%		11/15/2026		4,175,000		4,342,000
Subsea 7 SA (Luxembourg)
2.250%		10/11/2013		4,000,000		4,632,000
Technip SA (France)
0.500%		01/01/2016	EUR	2,160,000		3,337,919
0.250%		01/01/2017	EUR	2,152,146		3,152,840

						27,697,165

Food Products—0.3%
Archer-Daniels-Midland Co.
0.875%		02/15/2014		2,435,000		2,448,697

Health Care Equipment & Supplies—2.6%
Alere, Inc.
3.000%		05/15/2016		3,470,000		3,294,331
Elekta AB (Sweden)
2.750%		04/25/2017	SEK	14,600,100		2,600,493
Hologic, Inc.
2.000%		03/01/2042		3,485,000		3,408,766
Integra LifeSciences Holdings Corp.
1.625%		12/15/2016		3,835,000		3,926,081
Medtronic, Inc., Series B
1.625%		04/15/2013		4,810,000		4,849,081
NuVasive, Inc.
2.750%		07/01/2017		3,485,000		3,343,422
Qiagen Euro Finance SA MTN (Luxembourg)
3.250%		05/16/2026		1,700,000		2,056,575
Teleflex, Inc.
3.875%		08/01/2017		1,150,000		1,453,313

						24,932,062


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CONVERTIBLE DEBT OBLIGATIONS—(Continued)
Health Care Providers & Services—1.0%
LifePoint Hospitals, Inc.
3.500%		05/15/2014		$	4,930,000	$	5,382,944
Omnicare, Inc.
3.250%		12/15/2035			4,145,000		4,113,912

							9,496,856

Hotels, Restaurants & Leisure—0.8%
Gaylord Entertainment Co.
3.750%		10/01/2014	^		600,000		917,250
International Game Technology
3.250%		05/01/2014			2,380,000		2,497,512
MGM Resorts International
4.250%		04/15/2015			3,730,000		3,886,194

							7,300,956

Household Durables—0.5%
Lennar Corp.
2.000%		12/01/2020	^		3,425,000		4,636,594

Household Products—0.8%
Unicharm Corp. (Japan)
0.000%		09/24/2013		JPY	230,000,000		3,445,284
0.000%		09/24/2015		JPY	250,000,000		3,828,165

							7,273,449

Industrial Conglomerates—1.0%
Danaher Corp.
0.000%		01/22/2021			865,000		1,391,028
Siemens Financieringsmaatschappij NV, Series WW (Netherlands)
1.050%		08/16/2017			8,250,000		8,342,070

							9,733,098

Internet & Catalog Retail—0.4%
priceline.com, Inc.
1.000%		03/15/2018	^		3,960,000		4,271,850

Internet Software & Services—0.2%
WebMD Health Corp.
2.500%		01/31/2018			1,785,000		1,482,666

IT Services—0.6%
AtoS (France)
2.500%		01/01/2016		EUR	1,154,250		1,949,868
Cap Gemini SA (France)
3.500%		01/01/2014		EUR	1,462,000		2,178,955
Euronet Worldwide, Inc.
3.500%		10/15/2025			1,945,000		1,947,431

							6,076,254

Life Sciences Tools & Services—0.7%
Charles River Laboratories International, Inc.
2.250%		06/15/2013			3,460,000		3,531,362
Illumina, Inc.
0.250%		03/15/2016	^		3,840,000		3,597,600

							7,128,962

Machinery—1.0%
AGCO Corp.
1.250%		12/15/2036			600,000		757,500
Disco Corp. (Japan)
0.000%		12/16/2014		JPY	140,000,000		1,830,877


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CONVERTIBLE DEBT OBLIGATIONS—(Continued)
Greenbrier Cos., Inc.
3.500%		04/01/2018		$	1,105,000	$	1,003,478
Meritor, Inc.
4.625%		03/01/2026			2,050,000		1,843,719
Trinity Industries, Inc.
3.875%		06/01/2036			4,165,000		4,323,790

							9,759,364

Media—1.4%
Central European Media Enterprises Ltd. (Bermuda)
5.000%		11/15/2015			1,730,000		1,643,500
Liberty Interactive LLC
3.250%		03/15/2031			1,625,000		1,537,656
3.125%		03/30/2023			1,925,000		2,719,063
Live Nation Entertainment, Inc.
2.875%		07/15/2027			2,995,000		2,953,819
Omnicom Group, Inc.
0.000%		07/01/2038			3,475,000		3,833,359
XM Satellite Radio, Inc.
7.000%		12/01/2014	^		400,000		629,250

							13,316,647

Metals & Mining—1.8%
AngloGold Ashanti Holdings Finance plc, Reg S (Isle of Man)
3.500%		05/22/2014			2,300,000		2,463,875
ArcelorMittal (Luxembourg)
5.000%		05/15/2014			1,995,000		2,044,875
Goldcorp, Inc. (Canada)
2.000%		08/01/2014			3,500,000		4,237,187
Newmont Mining Corp., Series A
1.250%		07/15/2014			725,000		980,109
Newmont Mining Corp., Series B
1.625%		07/15/2017			2,300,000		3,345,063
Royal Gold, Inc.
2.875%		06/15/2019			890,000		1,080,794
Steel Dynamics, Inc.
5.125%		06/15/2014			3,150,000		3,309,469

							17,461,372

Oil, Gas & Consumable Fuels—1.3%
Chesapeake Energy Corp.
2.750%		11/15/2035			1,250,000		1,196,093
2.500%		05/15/2037			4,030,000		3,639,594
Goodrich Petroleum Corp.
5.000%		10/01/2029			5,115,000		4,817,691
PetroBakken Energy Ltd., Reg S (Canada)
3.125%		02/08/2016			3,100,000		3,081,400

							12,734,778

Pharmaceuticals—2.2%
Medicines Co. (The)
1.375%		06/01/2017	^		850,000		959,438
Medicis Pharmaceutical Corp.
1.375%		06/01/2017			1,618,000		1,748,451
Sawai Pharmaceutical Co. Ltd. (Japan)
0.000%		09/17/2015			JPY 210,000,000		3,030,657
Shire plc (Jersey, Channel Islands)
2.750%		05/09/2014			6,150,000		6,832,650
Teva Pharmaceutical Finance Co. LLC, Series C
0.250%		02/01/2026			6,035,000		6,412,188


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CONVERTIBLE DEBT OBLIGATIONS—(Continued)
UCB SA (Belgium)
4.500%		10/22/2015			EUR 1,500,000	$	2,430,190

							21,413,574

Real Estate Investment Trusts (REITs)—1.1%
Boston Properties LP
3.625%		02/15/2014	^	$	1,840,000		2,010,200
Health Care REIT, Inc.
3.000%		12/01/2029			2,190,000		2,608,837
Host Hotels & Resorts LP
3.250%		04/15/2024	^		2,625,000		2,994,141
ProLogis LP
3.250%		03/15/2015			2,575,000		2,901,703

							10,514,881

Road & Rail—0.3%
Avis Budget Group, Inc.
3.500%		10/01/2014			2,025,000		2,481,891

Semiconductors & Semiconductor Equipment—1.9%
Advanced Micro Devices, Inc.
6.000%		05/01/2015			4,750,000		4,850,937
Dialog Semiconductor plc (United Kingdom)
1.000%		04/12/2017			1,400,000		1,468,040
Intel Corp.
2.950%		12/15/2035			2,100,000		2,294,250
Lam Research Corp.
0.500%		05/15/2016			1,300,000		1,235,000
Linear Technology Corp., Series A
3.000%		05/01/2027			3,115,000		3,241,547
Micron Technology, Inc.
1.875%		06/01/2014			4,060,000		4,034,625
United Microelectronics Corp. (Taiwan)
0.000%		05/24/2016			1,000,000		957,500

							18,081,899

Software—1.8%
Electronic Arts, Inc.
0.750%		07/15/2016			3,365,000		3,087,387
Mentor Graphics Corp.
4.000%		04/01/2031			1,300,000		1,467,375
Microsoft Corp.
0.000%		06/15/2013	^		5,500,000		5,754,375
Nuance Communications, Inc.
2.750%		11/01/2031	^		1,675,000		1,944,047
Rovi Corp.
2.625%		02/15/2040			1,050,000		1,044,094
Symantec Corp., Series B
1.000%		06/15/2013			1,735,000		1,887,897
TIBCO Software, Inc.
2.250%		05/01/2032	^		1,900,000		1,957,000

							17,142,175

Specialty Retail—0.4%
Group 1 Automotive, Inc.
2.250%		06/15/2036			3,565,000		4,171,050

Textiles, Apparel & Luxury Goods—0.7%
Adidas AG (Germany)
0.250%		06/14/2019			EUR 2,200,000		3,135,265


Vantagepoint Diversifying Strategies Fund
Coupon	Maturity
Rate	Date				Face		Value
CONVERTIBLE DEBT OBLIGATIONS—(Continued)
Iconix Brand Group, Inc.
2.500%		06/01/2016		^	$	3,625,000	$	3,620,469

								6,755,734

Wireless Telecommunication Services—0.5%
Leap Wireless International, Inc.
4.500%		07/15/2014				3,650,000		3,494,875
SBA Communications Corp.
1.875%		05/01/2013				700,000		1,067,500

								4,562,375

TOTAL CONVERTIBLE DEBT OBLIGATIONS (Cost $305,261,391)								317,917,160

U.S. TREASURY OBLIGATIONS—8.7%
U.S. Treasury Bills—4.6%
U.S. Treasury Bill
0.107%		11/15/2012				2,000,000		1,999,808
0.098%		10/18/2012		§		18,500,000		18,499,287
0.097%		11/29/2012				1,000,000		999,904
0.094%		12/20/2012				8,275,000		8,273,527
0.075%		10/11/2012				9,070,000		9,069,810
0.035%		10/25/2012				5,500,000		5,499,866

								44,342,202

U.S. Treasury Notes—4.1%
U.S. Treasury Note
1.250%		10/31/2015				11,615,000		11,942,578
0.250%		04/30/2014 05/15/2015	-	§		24,293,000		24,296,952
0.125%		09/30/2013		‡‡		2,550,000		2,548,705

								38,788,235

TOTAL U.S. TREASURY OBLIGATIONS (Cost $83,074,969)								83,130,437

GOVERNMENT RELATED OBLIGATIONS—5.0%
U.S. Government Agencies—2.1%
Federal Home Loan Bank
0.050%		10/16/2012				4,230,000		4,229,906
Federal Home Loan Mortgage Corp.
0.625%		12/29/2014				8,800,000		8,858,969
Federal National Mortgage Association
0.500%		09/28/2015				3,650,000		3,662,490
National Credit Union Administration Guaranteed Notes, Series A1
0.248%		06/12/2013		#§		1,510,000		1,510,136
National Credit Union Administration Guaranteed Notes, Series A2
1.400%		06/12/2015				2,050,000		2,100,430

								20,361,931

Non-U.S. Government Agencies—0.6%
Caisse d’Amortissement de la Dette Sociale (France)
2.125%		04/12/2017		^		1,610,000		1,658,154
Export-Import Bank of Korea (Korea, Republic of)
5.500%		10/17/2012				500,000		501,281
IPIC Ltd. MTN (Cayman Islands)
3.125%		11/15/2015		^		600,000		625,200
Korea National Oil Corp. (Korea, Republic of)
2.875%		11/09/2015		^		1,330,000		1,388,524
Petrobras International Finance Co. (Cayman Islands)
2.875%		02/06/2015		§		470,000		484,253


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
GOVERNMENT RELATED OBLIGATIONS—(Continued)
Petroleos Mexicanos (Mexico)
4.875%		03/15/2015	§	$	1,400,000	$	1,508,500

							6,165,912

Sovereign Debt—1.1%
Canadian Government International Bond (Canada)
2.000%		12/01/2014		CAD	500,000		518,487
Korea Finance Corp. (Korea, Republic of)
3.250%		09/20/2016			1,890,000		2,002,943
Mexican Bonos (Mexico)
6.000%		06/18/2015		MXN	30,649,000		2,465,333
Mexico Government International Bond (Mexico)
5.875%		02/17/2014	§		1,300,000		1,384,500
Norway Government International Bond (Norway)
5.000%		05/15/2015		NOK	2,500,000		477,404
Panama Government International Bond (Panama)
7.250%		03/15/2015	§		1,150,000		1,319,625
Qatar Government International Bond (Qatar)
3.125%		01/20/2017	^		900,000		952,650
South Africa Government International Bond (South Africa)
6.500%		06/02/2014	§		1,000,000		1,094,000

							10,214,942

U.S. Municipal Bonds—1.0%
Citizens Property Insurance Corp. Revenue Bonds, Series 2007-A (Florida)
5.000%		03/01/2013			290,000		295,438
Citizens Property Insurance Corp. Revenue Bonds, Series 2012 (Florida)
2.500%		06/01/2013	§		1,500,000		1,520,175
Michigan Finance Authority, Series B-1 (Michigan)
2.000%		08/20/2013	§		220,000		223,194
New York Liberty Development Corp. (New York)
0.250%		12/01/2049	§		530,000		530,000
South Carolina State Public Service Authority Revenue Bonds, Series 2011-A (South Carolina)
0.931%		06/02/2014	#§		1,500,000		1,503,420
State of California, Series A-2 (California)
2.500%		06/20/2013	§		1,270,000		1,290,193
State of Louisiana General Obligation Bonds, Series 2011-B (Louisiana)
0.961%		07/15/2014	#§		1,695,000		1,697,966
University of California Revenue Bonds (California)
1.988%		05/15/2050	#§		1,000,000		1,009,620
0.811%		07/01/2041	#§		1,000,000		1,001,320

							9,071,326

Non-U.S. Regional Authority Bonds—0.2%
Province of Ontario (Canada)
2.950%		02/05/2015			1,530,000		1,620,262

TOTAL GOVERNMENT RELATED OBLIGATIONS (Cost $46,642,675)							47,434,373

ASSET-BACKED SECURITIES—5.2%
Automobile—1.5%
AmeriCredit Automobile Receivables Trust Series 2012-1, Class A2
0.910%		10/08/2015	§		2,397,965		2,405,907


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
ASSET-BACKED SECURITIES—(Continued)
CarMax Auto Owner Trust Series 2012-1, Class A2
0.590%		03/16/2015	§	$	3,757,368	$	3,761,941
Enterprise Fleet Financing LLC Series 2012-1, Class A2
1.140%		11/20/2017	^§		3,200,000		3,213,122
First Investors Auto Owner Trust Series 2011-1, Class C
3.400%		03/15/2016	^§		1,400,000		1,415,661
Honda Auto Receivables Owner Trust Series 2012-1, Class A2
0.570%		08/15/2014	§		1,275,000		1,277,116
Hyundai Capital Auto Funding Ltd. (Cayman Islands) Series 2010-8A, Class A
1.220%		09/20/2016	#^§		1,100,000		1,094,280
Santander Drive Auto Receivables Trust Series 2012-3, Class A1
0.328%		05/15/2013	§		528,134		528,165
Volkswagen Auto Loan Enhanced Trust Series 2011-1, Class A2
0.670%		12/20/2013	§		437,342		437,472

							14,133,664

Credit Card—2.7%
Capital One Multi-Asset Execution Trust Series 2008-A3, Class A3
5.050%		02/15/2016	§		3,050,000		3,127,260
Cards II Trust Series 2012-4A, Class A
0.671%		09/15/2017	#^		1,000,000		1,000,044
Chase Issuance Trust Series 2011-A2, Class A2
0.311%		05/15/2015	#§		2,500,000		2,502,193
Chester Asset Receivables Dealings plc (United Kingdom) Series 2004-1, Class A
0.894%		04/15/2016	#	GBP	1,040,000		1,669,841
Citibank Credit Card Issuance Trust Series 2009-A5, Class A5
2.250%		12/23/2014	§		4,700,000		4,721,488
Discover Card Master Trust Series 2012-A1, Class A1
0.810%		08/15/2017	§		3,000,000		3,026,607
GE Capital Credit Card Master Note Trust Series 2012-1, Class A
1.030%		01/15/2018	§		2,200,000		2,223,519
Golden Credit Card Trust (Canada)
0.670%		07/17/2017	^§		1,900,000		1,900,008
Gracechurch Card Funding plc (United Kingdom) Series 2012-1A, Class A1
0.921%		02/15/2017	#^§		3,950,000		3,959,416
Gracechurch Card Funding plc (United Kingdom) Series 2012-1A, Class A2
0.920%		02/15/2017	#^	EUR	1,200,000		1,552,888

							25,683,264

Home Equity—0.3%
Ameriquest Mortgage Securities, Inc. Series 2003-AR3, Class M2
3.292%		06/25/2033	#		10,093		10,066


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
ASSET-BACKED SECURITIES—(Continued)
Argent Securities, Inc. Series 2006-W3, Class A2B
0.337%		04/25/2036	#	$	72,298	$	23,875
Countrywide Asset-Backed Certificates Series 2005-12, Class 2A3
5.069%		02/25/2036	#		496,584		503,845
Option One Mortgage Loan Trust Series 2005-4, Class A3
0.477%		11/25/2035	#		671,673		660,285
Saxon Asset Securities Trust Series 2005-4, Class A2C
0.467%		11/25/2037	#		320,323		314,807
Structured Asset Investment Loan Trust Series 2003-BC1, Class A2
0.897%		01/25/2033	#		1,813,448		1,638,244

							3,151,122

Other—0.4%
CenterPoint Energy Transition Bond Co. LLC Series 2012-1, Class A1
0.901%		04/15/2018	§		2,650,000		2,676,977
Countrywide Asset-Backed Certificates Series 2006-23, Class 2A2
0.327%		05/25/2037	#		729,567		724,608
JPMorgan Mortgage Acquisition Corp.
0.297%		03/25/2037			376,948		375,320

							3,776,905

Student Loan—0.3%
National Credit Union Administration Guaranteed Notes Series 2010-A1, Class A
0.578%		12/07/2020	#§		2,764,905		2,774,140

TOTAL ASSET-BACKED SECURITIES (Cost $49,539,922)							49,519,095


					Contracts		Value
PURCHASED OPTIONS—0.3%
Call—Call—U.S. 10 Year Treasury, Expires 11/23/2012, Strike $115.00					162		2,994,469
Put—Put—Swiss Market Index, Expires 12/21/2012, Strike CHF 6,532.00					1,840		342,960

TOTAL PURCHASED OPTIONS (Cost $3,246,271)							3,337,429


Coupon Rate	Maturity Date			Face		Value
CERTIFICATES OF DEPOSIT—0.2%
Commercial Banks—0.2%
Nordea Bank Finland plc
0.919%		02/07/2013	§	$	900,000		901,344
Royal Bank of Canada
0.428%		03/11/2013	§		1,390,000		1,390,685

TOTAL CERTIFICATES OF DEPOSIT (Cost $2,290,337)							2,292,029

Vantagepoint

Diversifying Strategies

Fund

Coupon

Rate

Maturity
Date

Face

Value

COMMERCIAL PAPER—0.1%

Commercial Banks—0.1%

Royal Bank of Scotland Group plc (United Kingdom)

0.721%

12/04/2012

900,000

899,478

(Cost $898,848)

Value

MONEY MARKET FUNDS—5.0%

Institutional Money Market Fund—5.0%

Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class, 0.20%
(Cost $48,026,346)

48,026,346

TOTAL INVESTMENTS—100.9%
(Cost $942,706,488)

967,237,399

Other assets less liabilities—(0.9%)

(8,742,786

)

NET ASSETS—100.0%

$958,494,613

Legend to the Schedule of Investments:

BRL	Brazilian Real

CAD	Canadian Dollar

CHF	Swiss Franc

EUR	European Monetary Unit

GBP	British Pound Sterling

JPY	Japanese Yen

MTN	Medium Term Note

MXN	Mexican Peso

NOK	Norwegian Krone

Reg S

REIT	Real Estate Investment Trust

SEK	Swedish Krona

SGD	Singapore Dollar

TBA	Security is subject to delayed delivery.

*	Non-income producing.

Securities are not registered under the Securities Act of 1933. These securities may be resold only in transactions exempt from registration, generally to qualified institutional buyers under Securities Act Rule 144A. Such securities are considered illiquid unless deemed liquid by a subadviser under the liquidity procedures adopted by the Board of Directors. The total market value of 144A securities was $134,546,772, which represents 14.0% of Net Assets. The illiquid 144A securities represented 0.0% of Net Assets, and 0.0% of total 144A securities held.

§	Security has been segregated to cover economic leverage under certain derivatives contracts which may include, but are not limited to, futures, swaps, forwards, options and TBA’s, a security that is subject to delayed delivery.

#	Rate is subject to change. Rate shown reflects current rate.

‡‡	Security or a portion of the security has been pledged as collateral for futures contracts and/or options contracts.

¥	The rate quoted is the annualized seven-day yield of the fund at period end.


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—21.0%
Aerospace & Defense—0.2%
Boeing Co. (The)
6.125%		02/15/2033		$	100,000	$	134,629
4.875%		02/15/2020	†		200,000		242,832
L-3 Communications Corp.
4.950%		02/15/2021			300,000		334,945
Lockheed Martin Corp., Series B
6.150%		09/01/2036			250,000		325,304
Northrop Grumman Corp.
3.500%		03/15/2021			300,000		323,148
United Technologies Corp.
6.700%		08/01/2028			150,000		205,702
4.875%		05/01/2015			500,000		555,505
4.500%		06/01/2042			200,000		225,117
3.100%		06/01/2022			200,000		213,571
1.800%		06/01/2017	†		300,000		311,501

							2,872,254

Airlines—0.0%
Continental Airlines, Inc., Series 2010-1 A, Class A
4.750%		01/12/2021			286,303		305,629

Auto Components—0.0%
Johnson Controls, Inc.
5.500%		01/15/2016			250,000		286,743
4.250%		03/01/2021			300,000		326,245

							612,988

Automobile—0.1%
Daimler Finance North America LLC
6.500%		11/15/2013			400,000		425,920
Ford Motor Co.
7.450%		07/16/2031			200,000		249,750

							675,670

Beverages—0.6%
Anheuser-Busch InBev Worldwide, Inc.
8.200%		01/15/2039			300,000		502,961
7.750%		01/15/2019			500,000		677,324
6.875%		11/15/2019			300,000		397,445
5.375%		01/15/2020			500,000		621,799
3.750%		07/15/2042			200,000		201,391
1.500%		07/14/2014			200,000		203,594
0.800%		07/15/2015			200,000		200,975
Beam, Inc.
5.375%		01/15/2016			90,000		102,519
Bottling Group LLC
5.500%		04/01/2016			500,000		579,190
Coca-Cola Co. (The)
5.350%		11/15/2017			500,000		606,076
4.875%		03/15/2019			300,000		358,114
3.150%		11/15/2020			200,000		218,531
0.750%		11/15/2013			200,000		201,081
0.750%		03/13/2015			300,000		302,808
Coca-Cola Enterprises, Inc.
4.500%		09/01/2021			300,000		340,931
Diageo Finance BV (Netherlands)
5.300%		10/28/2015			750,000		853,033
PepsiCo, Inc.
3.750%		03/01/2014			500,000		523,509
3.000%		08/25/2021			500,000		531,647

							7,422,928


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Biotechnology—0.2%
Amgen, Inc.
6.900%		06/01/2038		$	267,000	$	354,939
6.150%		06/01/2018			500,000		611,814
5.850%		06/01/2017			250,000		298,813
5.150%		11/15/2041			300,000		335,606
3.875%		11/15/2021			300,000		322,979
Genentech, Inc.
5.250%		07/15/2035			100,000		122,123
Gilead Sciences, Inc.
4.400%		12/01/2021			300,000		341,630

							2,387,904

Capital Markets—1.4%
Bank of New York Mellon Corp. (The)
3.550%		09/23/2021			300,000		326,167
Bank of New York Mellon Corp. (The) MTN
2.300%		07/28/2016			100,000		104,909
Bank of New York Mellon Corp. (The), Series 1
2.950%		06/18/2015			500,000		531,474
Bear Stearns Cos. LLC (The)
7.250%		02/01/2018			250,000		312,319
6.400%		10/02/2017			400,000		481,466
4.650%		07/02/2018			400,000		453,387
BlackRock, Inc.
4.250%		05/24/2021			500,000		560,921
Credit Suisse USA, Inc.
5.125%		01/15/2014			500,000		525,732
5.125%		08/15/2015			500,000		554,040
Goldman Sachs Group, Inc. (The)
7.500%		02/15/2019			300,000		372,544
6.250%		09/01/2017			500,000		586,717
6.250%		02/01/2041			500,000		580,547
6.150%		04/01/2018			500,000		584,282
6.125%		02/15/2033			600,000		676,404
5.750%		01/24/2022			300,000		346,199
5.375%		03/15/2020			300,000		335,309
5.250%		07/27/2021			300,000		331,320
5.150%		01/15/2014			500,000		525,167
5.125%		01/15/2015			500,000		537,912
5.000%		10/01/2014			553,000		592,417
3.625%		02/07/2016	†		500,000		527,862
Jefferies Group, Inc.
6.250%		01/15/2036			230,000		230,000
5.125%		04/13/2018			300,000		306,000
Mellon Funding Corp.
5.200%		05/15/2014			400,000		429,994
Merrill Lynch & Co., Inc.
6.875%		11/15/2018			250,000		302,251
Merrill Lynch & Co., Inc. MTN
6.875%		04/25/2018			500,000		599,766
Morgan Stanley
7.250%		04/01/2032			100,000		120,891
6.000%		05/13/2014			500,000		530,186
5.750%		01/25/2021			600,000		659,689
4.750%		03/22/2017			300,000		321,973
2.875%		01/24/2014			300,000		304,089
Morgan Stanley MTN
5.450%		01/09/2017			500,000		545,823
Morgan Stanley, Series F MTN
6.625%		04/01/2018			500,000		575,142
6.000%		04/28/2015			1,000,000		1,084,399
5.950%		12/28/2017			500,000		562,261


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Nomura Holdings, Inc. (Japan)
6.700%		03/04/2020		$	300,000	$	343,476
Northern Trust Corp.
3.375%		08/23/2021			500,000		540,388

							17,303,423

Chemicals—0.4%
Agrium, Inc. (Canada)
6.125%		01/15/2041			400,000		504,061
Airgas, Inc.
2.950%		06/15/2016			200,000		210,863
Dow Chemical Co. (The)
8.550%		05/15/2019			629,000		844,591
5.250%		11/15/2041			300,000		341,740
4.125%		11/15/2021			150,000		163,516
E.I. du Pont de Nemours & Co.
4.900%		01/15/2041			200,000		242,215
4.250%		04/01/2021	†		300,000		348,371
2.750%		04/01/2016			300,000		320,045
1.750%		03/25/2014			300,000		306,029
Ecolab, Inc.
5.500%		12/08/2041			300,000		374,592
Monsanto Co.
5.500%		08/15/2025			200,000		255,206
PPG Industries, Inc.
3.600%		11/15/2020			400,000		432,379
Praxair, Inc.
3.250%		09/15/2015			500,000		537,877
2.200%		08/15/2022			400,000		395,362

							5,276,847

Commercial Banks—1.6%
Abbey National Treasury Services plc (United Kingdom)
2.875%		04/25/2014			300,000		303,775
Bank of Nova Scotia (Canada)
2.375%		12/17/2013			300,000		306,843
2.050%		10/07/2015			400,000		414,688
Barclays Bank plc (United Kingdom)
3.900%		04/07/2015			700,000		742,800
2.750%		02/23/2015	†		300,000		309,731
2.375%		01/13/2014			500,000		508,287
BB&T Corp.
5.250%		11/01/2019			500,000		579,468
BB&T Corp. MTN
1.600%		08/15/2017			400,000		407,655
BNP Paribas SA (France)
3.250%		03/11/2015	†		500,000		521,450
BNP Paribas SA, Bank Note (France)
5.000%		01/15/2021			400,000		443,347
Capital One Financial Corp.
6.150%		09/01/2016			200,000		228,502
2.125%		07/15/2014			200,000		204,162
Commonwealth Bank of Australia (Australia)
1.250%		09/18/2015			300,000		301,013
Credit Suisse (Switzerland)
5.500%		05/01/2014			500,000		534,191
Discover Bank
7.000%		04/15/2020			200,000		241,262
HSBC Bank USA NA
4.875%		08/24/2020			400,000		431,841
HSBC Holdings plc (United Kingdom)
6.100%		01/14/2042			500,000		660,099


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date		Face		Value
CORPORATE OBLIGATIONS—(Continued)
4.000%		03/30/2022	$	500,000	$	537,524
HSBC USA, Inc.
2.375%		02/13/2015		400,000		412,013
KeyBank NA, Bank Note
5.800%		07/01/2014		400,000		430,468
KeyCorp MTN
5.100%		03/24/2021		500,000		585,730
LBBW (Germany)
7.625%		02/01/2023		200,000		259,212
National Australia Bank Ltd. (Australia)
1.600%		08/07/2015		500,000		505,380
National City Corp.
6.875%		05/15/2019		500,000		618,111
PNC Funding Corp.
2.700%		09/19/2016		200,000		213,397
Royal Bank of Canada MTN (Canada)
2.875%		04/19/2016		300,000		319,572
Royal Bank of Scotland plc (The) (United Kingdom)
6.125%		01/11/2021		300,000		358,929
4.875%		03/16/2015		100,000		107,312
4.375%		03/16/2016		500,000		538,955
Sumitomo Mitsui Banking Corp. (Japan)
3.200%		07/18/2022		200,000		204,357
1.350%		07/18/2015		300,000		303,272
SunTrust Banks, Inc.
3.600%		04/15/2016		500,000		534,628
Toronto-Dominion Bank (The) (Canada)
1.375%		07/14/2014		300,000		305,103
U.S. Bank NA, Bank Note
4.800%		04/15/2015		250,000		275,340
UBS AG (Switzerland)
7.000%		10/15/2015		100,000		110,647
5.875%		07/15/2016		700,000		766,264
UBS AG MTN (Switzerland)
7.375%		06/15/2017		100,000		116,243
US Bancorp
4.200%		05/15/2014		400,000		423,765
US Bancorp MTN
2.950%		07/15/2022		200,000		202,327
1.650%		05/15/2017		500,000		512,419
Wachovia Bank NA, Bank Note
6.600%		01/15/2038		300,000		418,473
Wells Fargo & Co.
5.000%		11/15/2014		750,000		809,462
3.676%		06/15/2016		400,000		435,787
Wells Fargo & Co. MTN
4.600%		04/01/2021		500,000		578,583
2.100%		05/08/2017		300,000		310,716
Wells Fargo Bank NA
5.950%		08/26/2036		100,000		129,258
Westpac Banking Corp. (Australia)
3.000%		08/04/2015		400,000		422,508
1.850%		12/09/2013		600,000		610,195

						19,495,064

Commercial Services & Supplies—0.1%
Republic Services, Inc.
5.700%		05/15/2041		200,000		238,724
5.500%		09/15/2019		300,000		355,783
Waste Management, Inc.
7.000%		07/15/2028		50,000		66,787


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date				Face		Value
CORPORATE OBLIGATIONS—(Continued)
6.375%		03/11/2015			$	400,000	$	450,294

								1,111,588

Communications Equipment—0.3%
Cisco Systems, Inc.
5.500%		02/22/2016				500,000		581,137
4.950%		02/15/2019				500,000		598,921
1.625%		03/14/2014				400,000		407,794
Corning, Inc.
4.750%		03/15/2042				400,000		434,049
Harris Corp.
6.150%		12/15/2040				250,000		307,156
Juniper Networks, Inc.
3.100%		03/15/2016				400,000		418,863
Motorola Solutions, Inc.
7.500%		05/15/2025				340,000		424,554

								3,172,474

Computers & Peripherals—0.1%
Dell, Inc.
5.400%		09/10/2040	†			300,000		326,985
Hewlett-Packard Co.
4.650%		12/09/2021	†			300,000		313,393
3.300%		12/09/2016				300,000		313,028
2.125%		09/13/2015				500,000		507,765

								1,461,171

Construction Materials—0.0%
CRH America, Inc.
6.000%		09/30/2016				250,000		279,143

Consumer Finance—0.8%
American Express Co.
8.150%		03/19/2038				350,000		563,304
American Express Credit Corp. MTN
2.800%		09/19/2016				400,000		425,692
2.750%		09/15/2015				400,000		421,698
Capital One Bank USA NA
8.800%		07/15/2019				500,000		660,798
Caterpillar Financial Services Corp.
1.550%		12/20/2013				400,000		405,735
Caterpillar Financial Services Corp. MTN
2.850%		06/01/2022				300,000		310,471
2.750%		06/24/2015				200,000		211,420
1.625%		06/01/2017	†			300,000		306,489
Caterpillar Financial Services Corp., Series F MTN
2.650%		04/01/2016				400,000		423,928
Ford Motor Credit Co. LLC
8.700%		10/01/2014				200,000		227,530
7.000%		10/01/2013				200,000		211,908
5.875%		08/02/2021				500,000		566,671
5.000%		05/15/2018	†			200,000		218,844
4.250%		02/03/2017				200,000		212,770
4.250%		09/20/2022				200,000		205,367
3.984%		06/15/2016				300,000		316,474
3.000%		06/12/2017				300,000		305,701
2.750%		05/15/2015				500,000		510,240
HSBC Finance Capital Trust IX
5.911%		11/30/2035		#		500,000		494,375
John Deere Capital Corp.
1.200%		10/10/2017				300,000		301,797
John Deere Capital Corp. MTN
3.900%		07/12/2021				300,000		338,140


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
2.250%		06/07/2016		$	200,000	$	209,619
SLM Corp. MTN
3.875%		09/10/2015			200,000		206,251
SLM Corp., Series A MTN
8.450%		06/15/2018			400,000		470,487
5.000%		10/01/2013			500,000		520,625
Toyota Motor Credit Corp.
0.875%		07/17/2015			300,000		301,671
Toyota Motor Credit Corp. MTN
4.500%		06/17/2020			300,000		347,914

							9,695,919

Diversified Financial Services—1.9%
Bank of America Corp.
7.750%		08/15/2015			250,000		281,324
5.875%		01/05/2021			400,000		462,242
5.875%		02/07/2042			300,000		351,995
5.625%		07/01/2020			500,000		571,064
4.500%		04/01/2015			700,000		750,282
3.875%		03/22/2017	†		700,000		754,073
Bank of America Corp. MTN
5.000%		05/13/2021			300,000		330,336
3.625%		03/17/2016			500,000		527,732
Bank of America Corp., Series L MTN
7.375%		05/15/2014			200,000		219,015
5.650%		05/01/2018			500,000		570,779
Citigroup, Inc.
8.500%		05/22/2019			300,000		397,282
8.125%		07/15/2039			500,000		744,928
6.625%		06/15/2032			150,000		172,279
6.375%		08/12/2014			500,000		544,350
6.125%		11/21/2017			750,000		883,474
6.010%		01/15/2015			200,000		219,303
6.000%		08/15/2017			600,000		699,626
5.850%		12/11/2034			36,000		42,655
4.500%		01/14/2022			500,000		550,042
3.953%		06/15/2016			200,000		214,177
2.650%		03/02/2015			400,000		409,970
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA (Netherlands)
3.875%		02/08/2022			400,000		425,351
3.375%		01/19/2017			300,000		318,742
2.125%		10/13/2015			200,000		206,615
Deutsche Bank AG (Germany)
6.000%		09/01/2017			650,000		775,832
Deutsche Bank Financial LLC MTN
5.375%		03/02/2015			250,000		265,202
General Electric Capital Corp.
5.500%		01/08/2020			500,000		592,413
4.625%		01/07/2021			300,000		335,610
2.950%		05/09/2016			400,000		423,325
2.100%		01/07/2014			400,000		407,449
General Electric Capital Corp. MTN
5.875%		01/14/2038			700,000		837,119
5.400%		02/15/2017			650,000		751,174
General Electric Capital Corp., Series A MTN
6.875%		01/10/2039			300,000		402,233
6.750%		03/15/2032			750,000		963,617
5.625%		09/15/2017			300,000		353,688
3.750%		11/14/2014			500,000		530,256
JPMorgan Chase & Co.
6.400%		05/15/2038			300,000		389,361
6.300%		04/23/2019			500,000		615,511


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
5.600%		07/15/2041		$	200,000	$	240,765
5.125%		09/15/2014			500,000		536,754
4.750%		03/01/2015			500,000		544,015
4.625%		05/10/2021			300,000		335,942
4.500%		01/24/2022			400,000		444,553
3.450%		03/01/2016			500,000		533,556
JPMorgan Chase & Co. MTN
2.050%		01/24/2014			300,000		305,402
1.875%		03/20/2015			500,000		510,437
JPMorgan Chase Bank NA, Bank Note
6.000%		10/01/2017			500,000		592,339
National Rural Utilities Cooperative Finance Corp.
10.375%		11/01/2018			281,000		416,324
3.050%		03/01/2016			250,000		266,822
Western Union Co. (The)
5.253%		04/01/2020			502,000		587,241

							23,604,576

Diversified Telecommunication Services—1.1%
AT&T, Inc.
6.550%		02/15/2039			200,000		272,078
6.300%		01/15/2038			250,000		329,348
6.150%		09/15/2034			500,000		637,979
5.800%		02/15/2019			250,000		311,392
5.625%		06/15/2016			450,000		527,431
5.550%		08/15/2041			300,000		374,922
5.350%		09/01/2040			307,000		370,957
1.600%		02/15/2017			400,000		410,799
BellSouth Capital Funding Corp.
7.875%		02/15/2030			400,000		538,562
BellSouth Corp.
6.875%		10/15/2031			350,000		437,879
5.200%		09/15/2014			500,000		543,347
British Telecommunications plc (United Kingdom)
9.625%		12/15/2030			250,000		407,976
Cellco Partnership/Verizon Wireless Capital LLC
8.500%		11/15/2018			250,000		350,712
7.375%		11/15/2013			300,000		322,460
5.550%		02/01/2014			300,000		319,214
CenturyLink, Inc.
5.800%		03/15/2022			400,000		436,058
Deutsche Telekom International Finance BV (Netherlands)
8.750%		06/15/2030			300,000		452,432
Embarq Corp.
7.082%		06/01/2016			250,000		295,434
France Telecom SA (France)
8.500%		03/01/2031			500,000		755,054
Qwest Capital Funding, Inc.
6.875%		07/15/2028			200,000		211,555
Qwest Communications International, Inc.
8.000%		10/01/2015			200,000		208,941
Qwest Corp.
6.500%		06/01/2017			250,000		293,886
Telecom Italia Capital SA (Luxembourg)
6.999%		06/04/2018	†		300,000		332,250
6.000%		09/30/2034			250,000		222,500
5.250%		11/15/2013			350,000		361,813
Telefonica Emisiones SAU (Spain)
5.134%		04/27/2020			600,000		590,250
3.729%		04/27/2015			200,000		199,500


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date		Face		Value
CORPORATE OBLIGATIONS—(Continued)
Telefonica Europe BV (Netherlands)
8.250%		09/15/2030	$	350,000	$	372,750
Verizon Communications, Inc.
6.400%		02/15/2038		500,000		676,291
6.350%		04/01/2019		500,000		641,961
6.000%		04/01/2041		300,000		398,920
5.850%		09/15/2035		250,000		317,227
3.000%		04/01/2016		400,000		431,171
1.950%		03/28/2014		400,000		409,268
Verizon Global Funding Corp.
7.750%		12/01/2030		130,000		193,786

						13,956,103

Electric Utilities—1.7%
Alabama Power Co., Series Q
5.500%		10/15/2017		150,000		181,110
Ameren Illinois Co.
2.700%		09/01/2022		400,000		408,673
Arizona Public Service Co.
4.500%		04/01/2042		300,000		325,237
Commonwealth Edison Co.
5.900%		03/15/2036		300,000		394,913
5.800%		03/15/2018		100,000		122,791
1.625%		01/15/2014		400,000		405,413
Consolidated Edison Co. of New York, Inc., Series 06-C
5.500%		09/15/2016		500,000		582,971
Constellation Energy Group, Inc.
5.150%		12/01/2020		400,000		470,951
Consumers Energy Co., Series P
5.500%		08/15/2016		150,000		172,901
Dominion Resources, Inc.
1.800%		03/15/2014		200,000		203,387
Dominion Resources, Inc., Series A
5.600%		11/15/2016		300,000		351,712
Dominion Resources, Inc., Series C
4.900%		08/01/2041		300,000		348,715
Duke Energy Carolinas LLC
6.450%		10/15/2032		330,000		433,047
4.300%		06/15/2020		100,000		115,471
4.000%		09/30/2042		200,000		204,909
Duke Energy Corp.
2.150%		11/15/2016		200,000		206,898
Duke Energy Indiana, Inc.
3.750%		07/15/2020		300,000		333,044
Entergy Corp.
4.700%		01/15/2017		500,000		545,740
Exelon Corp.
4.900%		06/15/2015		350,000		384,956
FirstEnergy Corp., Series C
7.375%		11/15/2031		150,000		197,039
FirstEnergy Solutions Corp.
6.050%		08/15/2021		250,000		280,936
Florida Power & Light Co.
5.625%		04/01/2034		50,000		64,700
5.125%		06/01/2041		200,000		250,453
4.950%		06/01/2035		100,000		120,076
Florida Power Corp.
6.400%		06/15/2038		350,000		483,314
Georgia Power Co., Series 07-A
5.650%		03/01/2037		200,000		249,637
Great Plains Energy, Inc.
4.850%		06/01/2021		400,000		444,386


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date		Face		Value
CORPORATE OBLIGATIONS—(Continued)
Indiana Michigan Power Co.
7.000%		03/15/2019	$	250,000	$	312,200
Jersey Central Power & Light
5.625%		05/01/2016		500,000		578,451
Kentucky Utilities Co.
5.125%		11/01/2040		500,000		624,675
MidAmerican Energy Co. MTN
5.800%		10/15/2036		500,000		648,134
MidAmerican Energy Holdings Co.
6.125%		04/01/2036		200,000		256,755
MidAmerican Energy Holdings Co., Series D
5.000%		02/15/2014		150,000		158,619
Mississippi Power Co., Series 2012-A
4.250%		03/15/2042		300,000		309,160
NextEra Energy Capital Holdings, Inc.
6.000%		03/01/2019		250,000		295,646
4.500%		06/01/2021		200,000		222,532
1.200%		06/01/2015		500,000		503,502
Nisource Finance Corp.
5.450%		09/15/2020		500,000		589,472
5.250%		02/15/2043		300,000		336,118
Northern States Power Co.
5.250%		03/01/2018		500,000		606,161
Ohio Power Co., Series C
5.500%		03/01/2013		150,000		153,043
Ohio Power Co., Series K
6.000%		06/01/2016		500,000		581,852
Pacific Gas & Electric Co.
6.050%		03/01/2034		500,000		659,327
4.450%		04/15/2042		300,000		329,285
Peco Energy Co.
2.375%		09/15/2022		200,000		202,003
Potomac Electric Power Co.
7.900%		12/15/2038		200,000		328,628
Progress Energy, Inc.
7.050%		03/15/2019		400,000		507,459
4.400%		01/15/2021		300,000		337,570
PSEG Power LLC
8.625%		04/15/2031		300,000		442,632
2.750%		09/15/2016		200,000		208,090
Public Service Electric & Gas Co. MTN
3.650%		09/01/2042		200,000		202,152
Puget Sound Energy, Inc.
4.434%		11/15/2041		300,000		339,559
South Carolina Electric & Gas Co.
5.300%		05/15/2033		150,000		178,820
Southern California Edison Co.
6.650%		04/01/2029		500,000		666,773
4.050%		03/15/2042		300,000		319,236
Southern Power Co., Series D
4.875%		07/15/2015		350,000		385,576
Union Electric Co.
6.400%		06/15/2017		250,000		307,467
Virginia Electric and Power Co.
5.400%		04/30/2018		250,000		302,894
Wisconsin Electric Power
5.625%		05/15/2033		150,000		191,612
Xcel Energy, Inc.
4.800%		09/15/2041		200,000		231,407

						20,600,190


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Electrical Equipment—0.1%
Emerson Electric Co.
5.000%		12/15/2014		$	150,000	$	164,176
5.000%		04/15/2019			500,000		597,793

							761,969

Electronic Equipment, Instruments & Components—0.0%
Agilent Technologies, Inc.
5.000%		07/15/2020			100,000		114,819
Thermo Fisher Scientific, Inc.
2.050%		02/21/2014			300,000		305,878

							420,697

Energy Equipment & Services—0.3%
Halliburton Co.
7.450%		09/15/2039			400,000		613,711
Noble Holding International Ltd. (Cayman Islands)
6.200%		08/01/2040			200,000		233,459
3.450%		08/01/2015			200,000		211,709
2.500%		03/15/2017			300,000		309,760
Pride International, Inc.
6.875%		08/15/2020			200,000		253,586
Rowan Cos., Inc.
4.875%		06/01/2022			250,000		268,798
Transocean, Inc. (Cayman Islands)
6.800%		03/15/2038			500,000		603,234
Weatherford International Ltd. (Bermuda)
9.625%		03/01/2019			400,000		521,305
6.750%		09/15/2040			300,000		339,593
4.500%		04/15/2022			300,000		314,343

							3,669,498

Food & Staples Retailing—0.2%
CVS Caremark Corp.
6.600%		03/15/2019			250,000		319,924
4.875%		09/15/2014			230,000		248,495
4.125%		05/15/2021			200,000		227,508
Kroger Co. (The)
7.500%		04/01/2031			200,000		263,035
5.400%		07/15/2040			200,000		216,964
4.950%		01/15/2015			300,000		326,445
Safeway, Inc.
6.250%		03/15/2014			300,000		320,787
Walgreen Co.
4.400%		09/15/2042			200,000		207,089
1.000%		03/13/2015			300,000		301,355

							2,431,602

Food Products—0.5%
Archer-Daniels Midland Co.
5.450%		03/15/2018			500,000		603,359
Bunge Ltd. Finance Corp.
5.350%		04/15/2014			500,000		528,168
Campbell Soup Co.
4.875%		10/01/2013			250,000		261,079
ConAgra Foods, Inc.
5.875%		04/15/2014			500,000		537,674
3.250%		09/15/2022			200,000		202,001
2.100%		03/15/2018			200,000		203,236
General Mills, Inc.
5.400%		06/15/2040			300,000		367,562
3.150%		12/15/2021	†		200,000		208,537


Vantagepoint Core Bond Index Fund
Coupon	Maturity
Rate	Date				Face		Value
CORPORATE OBLIGATIONS—(Continued)
Hillshire Brands Co.
2.750%		09/15/2015			$	300,000	$	310,050
Kellogg Co.
4.000%		12/15/2020				300,000		336,906
Kraft Foods Group, Inc.
6.875%		01/26/2039	^	†		380,000		520,461
6.500%		02/09/2040	^	†		200,000		268,724
5.375%		02/10/2020	^			209,000		248,783
Kraft Foods, Inc.
5.375%		02/10/2020				191,000		230,775
5.250%		10/01/2013				600,000		626,363
4.125%		02/09/2016				100,000		109,897
Unilever Capital Corp.
4.250%		02/10/2021				300,000		352,638

								5,916,213

Gas Utilities—0.1%
Southern California Gas Co.
5.125%		11/15/2040				400,000		508,040
Southern Union Co.
7.600%		02/01/2024				200,000		254,288

								762,328

Health Care Equipment & Supplies—0.3%
Baxter International, Inc.
5.900%		09/01/2016				400,000		477,762
2.400%		08/15/2022				300,000		302,842
Becton Dickinson and Co.
5.000%		11/12/2040				300,000		363,550
Boston Scientific Corp.
7.375%		01/15/2040				200,000		274,374
6.250%		11/15/2015				200,000		226,963
6.000%		01/15/2020				200,000		238,090
CareFusion Corp.
6.375%		08/01/2019				250,000		299,817
Covidien International Finance SA (Luxembourg)
6.000%		10/15/2017				250,000		307,657
Medtronic, Inc.
4.450%		03/15/2020				300,000		349,237
3.000%		03/15/2015				380,000		402,118

								3,242,410

Health Care Providers & Services—0.4%
Aetna, Inc.
6.625%		06/15/2036				250,000		326,870
Cigna Corp.
5.125%		06/15/2020				300,000		346,830
Express Scripts Holding Co.
6.250%		06/15/2014				300,000		326,932
6.125%		11/15/2041	^			200,000		260,638
4.750%		11/15/2021	^			200,000		231,845
Quest Diagnostics, Inc.
6.950%		07/01/2037				300,000		393,792
4.700%		04/01/2021				300,000		337,704
UnitedHealth Group, Inc.
6.000%		02/15/2018				500,000		614,808
5.950%		02/15/2041				200,000		256,861
5.375%		03/15/2016				200,000		229,298
WellPoint, Inc.
5.250%		01/15/2016				500,000		561,089
4.650%		01/15/2043				200,000		204,836
3.300%		01/15/2023				300,000		304,089

								4,395,592


Vantagepoint Core Bond Index Fund
Coupon	Maturity
Rate	Date				Face		Value
CORPORATE OBLIGATIONS—(Continued)
Hotels, Restaurants & Leisure—0.2%
McDonald’s Corp., Series I MTN
5.350%		03/01/2018			$	500,000	$	609,359
Starwood Hotels & Resorts Worldwide, Inc.
7.875%		10/15/2014				300,000		339,551
7.150%		12/01/2019				300,000		367,277
Wyndham Worldwide Corp.
7.375%		03/01/2020				300,000		361,976
Yum! Brands, Inc.
6.875%		11/15/2037				200,000		274,364

								1,952,527

Household Durables—0.1%
Clorox Co. (The)
3.800%		11/15/2021				400,000		430,244
Kimberly-Clark Corp.
6.125%		08/01/2017				500,000		614,711
Whirlpool Corp. MTN
4.850%		06/15/2021				200,000		212,648

								1,257,603

Household Products—0.1%
Procter & Gamble Co. (The)
5.800%		08/15/2034				250,000		342,453
4.700%		02/15/2019				500,000		594,727

								937,180

Industrial Conglomerates—0.0%
3M Co. MTN
5.700%		03/15/2037				100,000		138,164
GE Capital Trust I
6.375%		11/15/2067		#		130,000		137,638

								275,802

Insurance—0.8%
ACE INA Holdings, Inc.
5.875%		06/15/2014				300,000		326,428
AEGON Funding Co. LLC
5.750%		12/15/2020				290,000		338,803
Allstate Corp. (The)
5.350%		06/01/2033				500,000		594,977
American International Group, Inc.
6.400%		12/15/2020				400,000		488,039
6.250%		03/15/2037				300,000		304,500
3.800%		03/22/2017				500,000		538,361
3.000%		03/20/2015	†			400,000		414,436
American International Group, Inc., Series G MTN
5.850%		01/16/2018				500,000		581,308
Assurant, Inc.
5.625%		02/15/2014				500,000		521,434
AXA SA (France)
8.600%		12/15/2030				250,000		303,043
Berkshire Hathaway Finance Corp.
4.250%		01/15/2021				300,000		342,377
Chubb Corp. (The)
6.375%		03/29/2067		#		200,000		214,000
CNA Financial Corp.
5.850%		12/15/2014				430,000		466,753
5.750%		08/15/2021				300,000		349,517
Fidelity National Financial, Inc.
6.600%		05/15/2017				300,000		336,096
Genworth Financial, Inc.
7.700%		06/15/2020	†			200,000		209,561


Vantagepoint Core Bond Index Fund
Coupon	Maturity
Rate	Date				Face		Value
CORPORATE OBLIGATIONS—(Continued)
Hartford Financial Services Group, Inc.
6.100%		10/01/2041			$	150,000	$	169,342
4.000%		10/15/2017				300,000		322,820
Jefferson-Pilot Corp.
4.750%		01/30/2014				300,000		312,839
Lincoln National Corp.
6.150%		04/07/2036				250,000		286,428
Marsh & McLennan Cos., Inc.
5.750%		09/15/2015				46,000		51,517
MetLife, Inc.
6.750%		06/01/2016				600,000		718,746
5.700%		06/15/2035				250,000		308,248
2.375%		02/06/2014	†			300,000		307,084
Progressive Corp. (The)
6.625%		03/01/2029				150,000		197,233
Prudential Financial, Inc.
6.625%		06/21/2040				100,000		125,262
5.375%		06/21/2020				300,000		347,354
Prudential Financial, Inc. MTN
5.800%		11/16/2041				200,000		231,497
Prudential Financial, Inc., Series D MTN
5.700%		12/14/2036				250,000		280,398
4.750%		09/17/2015				300,000		330,621
Validus Holdings Ltd. (Bermuda)
8.875%		01/26/2040				200,000		254,432

								10,573,454

Internet & Catalog Retail—0.1%
eBay, Inc.
4.000%		07/15/2042				100,000		97,763
2.600%		07/15/2022				100,000		100,912
1.350%		07/15/2017				100,000		101,316
0.700%		07/15/2015				200,000		201,087
Expedia, Inc.
7.456%		08/15/2018	†			500,000		592,201

								1,093,279

Internet Software & Services—0.1%
Google, Inc.
3.625%		05/19/2021				300,000		338,147
2.125%		05/19/2016				300,000		316,204
1.250%		05/19/2014				300,000		304,550

								958,901

IT Services—0.2%
Computer Sciences Corp.
4.450%		09/15/2022				200,000		200,604
2.500%		09/15/2015				300,000		304,681
International Business Machines Corp.
7.000%		10/30/2025				300,000		447,124
5.700%		09/14/2017				500,000		613,504
0.875%		10/31/2014				500,000		504,747

								2,070,660

Machinery—0.2%
Caterpillar, Inc.
3.803%		08/15/2042		^		685,000		691,342
Deere & Co.
6.950%		04/25/2014				250,000		275,395
Dover Corp.
5.375%		03/01/2041				300,000		395,456
General Electric Co.
5.250%		12/06/2017				500,000		592,275


Vantagepoint Core Bond Index Fund
Coupon	Maturity
Rate	Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Honeywell International, Inc.
5.700%		03/15/2036		$	300,000	$	399,136
3.875%		02/15/2014			300,000		314,130
Parker Hannifin Corp. MTN
3.500%		09/15/2022			100,000		108,009

							2,775,743

Media—1.0%
CBS Corp.
7.875%		07/30/2030			250,000		340,963
5.750%		04/15/2020			200,000		240,844
4.850%		07/01/2042			250,000		265,780
1.950%		07/01/2017			300,000		307,866
Comcast Corp.
6.450%		03/15/2037			500,000		646,225
6.300%		11/15/2017			700,000		863,441
5.650%		06/15/2035			200,000		234,979
COX Communications, Inc.
5.500%		10/01/2015			75,000		85,092
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.
6.375%		03/01/2041			500,000		587,422
5.200%		03/15/2020			200,000		227,717
3.800%		03/15/2022			300,000		309,331
3.550%		03/15/2015	†		200,000		211,947
3.500%		03/01/2016			400,000		425,993
Discovery Communications LLC
5.625%		08/15/2019			400,000		483,401
Historic TW, Inc.
9.150%		02/01/2023			300,000		430,523
NBCUniversal Media LLC
5.950%		04/01/2041			250,000		307,377
4.375%		04/01/2021			250,000		283,994
News America, Inc.
8.000%		10/17/2016			150,000		188,965
7.750%		12/01/2045			200,000		268,991
6.150%		02/15/2041			300,000		374,857
5.650%		08/15/2020			500,000		596,387
Omnicom Group, Inc.
5.900%		04/15/2016			500,000		578,479
Thomson Reuters Corp. (Canada)
6.500%		07/15/2018			300,000		379,612
Time Warner Cable, Inc.
6.750%		06/15/2039			200,000		261,576
5.850%		05/01/2017			400,000		476,951
Time Warner Entertainment Co. LP
8.375%		03/15/2023			250,000		352,874
8.375%		07/15/2033			250,000		364,513
Time Warner, Inc.
5.875%		11/15/2016			700,000		830,833
5.375%		10/15/2041			250,000		285,652
Viacom, Inc.
6.875%		04/30/2036			300,000		397,520
4.500%		03/01/2021			200,000		227,535
2.500%		12/15/2016			300,000		316,342
Walt Disney Co. (The), Series B MTN
7.000%		03/01/2032			210,000		307,558

							12,461,540

Metals & Mining—0.7%
Alcoa, Inc.
5.550%		02/01/2017	†		290,000		325,209
5.400%		04/15/2021	†		300,000		315,435


Vantagepoint Core Bond Index Fund
Coupon	Maturity
Rate	Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
ArcelorMittal (Luxembourg)
7.250%		10/15/2039		$	400,000	$	366,940
5.500%		08/05/2020	†		400,000		385,378
4.000%		08/05/2015	†		400,000		397,736
Barrick Gold Corp. (Canada)
2.900%		05/30/2016			200,000		210,170
Barrick PD Australia Finance Pty Ltd. (Australia)
5.950%		10/15/2039			400,000		466,479
BHP Billiton Finance USA Ltd. (Australia)
6.500%		04/01/2019			500,000		637,374
4.125%		02/24/2042			400,000		427,976
1.625%		02/24/2017	†		400,000		408,856
1.125%		11/21/2014			300,000		304,005
Freeport-McMoRan Copper & Gold, Inc.
3.550%		03/01/2022	†		400,000		401,200
Newmont Mining Corp.
6.250%		10/01/2039			200,000		237,117
3.500%		03/15/2022			400,000		406,563
Rio Tinto Alcan, Inc. (Canada)
6.125%		12/15/2033			150,000		191,714
Rio Tinto Finance USA Ltd. (Australia)
8.950%		05/01/2014			500,000		563,461
Rio Tinto Finance USA plc (Australia)
2.000%		03/22/2017			500,000		511,245
Rio Tinto Finance USA plc (United Kingdom)
4.750%		03/22/2042			300,000		325,548
Southern Copper Corp.
7.500%		07/27/2035			250,000		310,775
Teck Resources Ltd. (Canada)
5.200%		03/01/2042			300,000		283,149
3.000%		03/01/2019			300,000		304,146
Vale Overseas Ltd. (Cayman Islands)
6.875%		11/21/2036			100,000		116,288
6.250%		01/23/2017			500,000		580,732
4.625%		09/15/2020			500,000		535,620

							9,013,116

Multiline Retail—0.4%
Kohl’s Corp.
4.000%		11/01/2021	†		300,000		326,958
Macy’s Retail Holdings, Inc.
6.900%		04/01/2029			100,000		118,292
6.650%		07/15/2024			100,000		124,784
5.900%		12/01/2016			100,000		116,858
5.750%		07/15/2014	†		300,000		325,315
Nordstrom, Inc.
4.000%		10/15/2021			100,000		112,672
Target Corp.
7.000%		07/15/2031			150,000		208,752
6.000%		01/15/2018			500,000		620,556
4.000%		07/01/2042			200,000		205,599
Wal-Mart Stores, Inc.
7.550%		02/15/2030			250,000		376,212
5.250%		09/01/2035			750,000		932,385
4.875%		07/08/2040			300,000		360,768
4.250%		04/15/2021			300,000		353,431
3.625%		07/08/2020			300,000		337,600
1.625%		04/15/2014			300,000		305,635

							4,825,817

Multi-Utilities—0.0%
Sempra Energy
6.150%		06/15/2018			250,000		309,618


Vantagepoint Core Bond Index Fund
Coupon	Maturity
Rate	Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
2.000%		03/15/2014		$	250,000	$	254,080

							563,698

Office Electronics—0.1%
Pitney Bowes, Inc.
5.000%		03/15/2015			500,000		532,801
Xerox Corp.
6.350%		05/15/2018	†		500,000		587,748
4.500%		05/15/2021			200,000		212,891
4.250%		02/15/2015			300,000		318,797

							1,652,237

Oil, Gas & Consumable Fuels—1.9%
Alberta Energy Co. Ltd. (Canada)
7.375%		11/01/2031			400,000		507,796
Anadarko Petroleum Corp.
8.700%		03/15/2019			500,000		671,495
Apache Corp.
5.250%		02/01/2042			500,000		616,185
Apache Finance Canada Corp. (Canada)
7.750%		12/15/2029			150,000		220,870
BP Capital Markets plc (United Kingdom)
5.250%		11/07/2013			500,000		526,029
4.500%		10/01/2020			300,000		348,849
3.245%		05/06/2022			200,000		212,073
3.200%		03/11/2016			400,000		429,716
1.846%		05/05/2017	†		200,000		204,516
Canadian Natural Resources Ltd. (Canada)
5.850%		02/01/2035			500,000		607,148
3.450%		11/15/2021			200,000		215,536
Cenovus Energy, Inc. (Canada)
5.700%		10/15/2019			200,000		243,750
CenterPoint Energy Resources Corp.
4.500%		01/15/2021			434,000		492,932
Chevron Corp.
3.950%		03/03/2014			300,000		315,051
ConocoPhillips Canada Funding Co. I (Canada)
5.950%		10/15/2036			500,000		650,475
5.625%		10/15/2016			500,000		593,436
ConocoPhillips Holding Co.
6.950%		04/15/2029			500,000		709,583
Devon Energy Corp.
5.600%		07/15/2041			100,000		119,100
2.400%		07/15/2016			300,000		313,467
1.875%		05/15/2017			300,000		306,145
Enbridge Energy Partners LP
9.875%		03/01/2019			300,000		409,128
Encana Corp. (Canada)
5.150%		11/15/2041			300,000		313,894
3.900%		11/15/2021	†		300,000		317,653
Energy Transfer Partners LP
6.500%		02/01/2042			400,000		463,190
5.950%		02/01/2015			500,000		549,213
5.200%		02/01/2022			300,000		333,400
Enterprise Products Operating LLC
5.950%		02/01/2041			200,000		237,461
4.450%		02/15/2043			200,000		198,638
3.700%		06/01/2015			100,000		106,982
3.200%		02/01/2016			200,000		211,014
Enterprise Products Operating LLC, Series D
6.875%		03/01/2033			150,000		191,794
Enterprise Products Operating LLC, Series G
5.600%		10/15/2014			150,000		163,965


Vantagepoint Core Bond Index Fund
Coupon	Maturity
Rate	Date				Face		Value
CORPORATE OBLIGATIONS—(Continued)
EOG Resources, Inc.
4.100%		02/01/2021			$	300,000	$	341,632
Hess Corp.
7.300%		08/15/2031				250,000		335,613
Kinder Morgan Energy Partners LP
6.550%		09/15/2040				300,000		370,072
6.500%		02/01/2037				300,000		362,375
5.950%		02/15/2018				300,000		361,586
Marathon Oil Corp.
5.900%		03/15/2018				455,000		551,767
Nexen, Inc. (Canada)
6.400%		05/15/2037				500,000		636,886
ONEOK Partners LP
6.150%		10/01/2016				160,000		186,797
Petro-Canada (Canada)
5.950%		05/15/2035				100,000		122,533
Petroleos Mexicanos (Mexico)
5.500%		06/27/2044				200,000		220,500
Phillips 66
4.300%		04/01/2022		^		400,000		438,803
1.950%		03/05/2015		^		500,000		511,907
Pioneer Natural Resources Co.
3.950%		07/15/2022				200,000		212,879
Plains All American Pipeline LP/PAA Finance Corp.
3.950%		09/15/2015				300,000		326,183
Shell International Finance BV (Netherlands)
5.200%		03/22/2017				500,000		592,101
3.625%		08/21/2042				300,000		305,730
3.100%		06/28/2015				500,000		534,815
2.375%		08/21/2022	†			500,000		505,860
Southern Natural Gas Co./Southern Natural Issuing Corp.
4.400%		06/15/2021				200,000		215,778
Statoil ASA (Norway)
5.100%		08/17/2040				300,000		373,793
3.150%		01/23/2022				500,000		535,323
Suncor Energy, Inc. (Canada)
7.150%		02/01/2032				500,000		686,457
Tennessee Gas Pipeline Co. LLC
7.000%		10/15/2028				350,000		469,368
Texas Eastern Transmission LP
7.000%		07/15/2032				150,000		200,170
Total Capital International SA (France)
2.875%		02/17/2022				400,000		416,827
Total Capital SA (France)
4.450%		06/24/2020				300,000		348,909
3.000%		06/24/2015				300,000		319,489
TransCanada PipeLines Ltd. (Canada)
5.850%		03/15/2036				500,000		658,987
Valero Energy Corp.
6.125%		06/15/2017	†			250,000		302,821
Williams Cos., Inc.
7.875%		09/01/2021				230,000		302,072
Williams Partners LP
6.300%		04/15/2040				100,000		125,637
5.250%		03/15/2020				100,000		116,064
3.800%		02/15/2015				100,000		106,089

								23,896,307


Vantagepoint Core Bond Index Fund
Coupon	Maturity
Rate	Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Paper & Forest Products—0.0%
International Paper Co.
7.500%		08/15/2021	†	$	500,000	$	657,471

Pharmaceuticals—0.8%
Abbott Laboratories
5.875%		05/15/2016			400,000		471,639
5.125%		04/01/2019			300,000		361,861
AstraZeneca plc (United Kingdom)
5.900%		09/15/2017			250,000		307,425
4.000%		09/18/2042			300,000		308,442
Bristol-Myers Squibb Co.
5.875%		11/15/2036			155,000		203,989
5.450%		05/01/2018			250,000		303,886
3.250%		08/01/2042			200,000		186,182
Eli Lilly & Co.
6.770%		01/01/2036			250,000		358,454
GlaxoSmithKline Capital plc (United Kingdom)
2.850%		05/08/2022			300,000		312,240
0.750%		05/08/2015			300,000		301,987
GlaxoSmithKline Capital, Inc.
4.375%		04/15/2014			500,000		530,470
Johnson & Johnson
4.950%		05/15/2033			200,000		249,375
4.850%		05/15/2041			200,000		257,948
3.550%		05/15/2021			200,000		227,270
2.150%		05/15/2016			200,000		210,949
Merck & Co., Inc.
6.550%		09/15/2037			200,000		296,984
6.500%		12/01/2033			250,000		363,304
4.750%		03/01/2015			350,000		385,794
3.600%		09/15/2042			200,000		201,778
2.400%		09/15/2022			200,000		202,044
1.100%		01/31/2018			200,000		200,755
Novartis Capital Corp.
2.900%		04/24/2015			200,000		212,532
Novartis Securities Investment Ltd. (Bermuda)
5.125%		02/10/2019			500,000		601,643
Pfizer, Inc.
5.350%		03/15/2015			500,000		559,328
Pharmacia Corp.
6.500%		12/01/2018			350,000		445,820
Sanofi (France)
2.625%		03/29/2016			400,000		423,689
Teva Pharmaceutical Finance Co. LLC
6.150%		02/01/2036			250,000		331,428
Wyeth LLC
6.500%		02/01/2034			250,000		348,436
5.500%		02/01/2014			250,000		267,126

							9,432,778

Real Estate Investment Trusts (REITs)—0.5%
American Tower Corp.
4.500%		01/15/2018			500,000		552,396
Boston Properties LP
4.125%		05/15/2021			300,000		325,760
Camden Property Trust
5.000%		06/15/2015			200,000		217,988
Duke Realty LP
7.375%		02/15/2015			150,000		168,604
3.875%		10/15/2022			200,000		203,804
ERP Operating LP
5.375%		08/01/2016			500,000		574,031


Vantagepoint Core Bond Index Fund
Coupon	Maturity
Rate	Date		Face		Value
CORPORATE OBLIGATIONS—(Continued)
HCP, Inc.
2.700%		02/01/2014	$	300,000	$	306,399
HCP, Inc. MTN
6.700%		01/30/2018		250,000		300,143
Health Care REIT, Inc.
6.125%		04/15/2020		300,000		349,331
Hospitality Properties Trust
5.000%		08/15/2022		300,000		315,753
ProLogis LP
7.375%		10/30/2019		350,000		434,037
Realty Income Corp.
5.875%		03/15/2035		200,000		229,613
Simon Property Group LP
4.750%		03/15/2042		400,000		433,753
4.375%		03/01/2021		400,000		452,935
2.800%		01/30/2017		500,000		526,880
Ventas Realty LP/Ventas Capital Corp.
4.250%		03/01/2022		400,000		426,185

						5,817,612

Road & Rail—0.3%
Burlington Northern Santa Fe LLC
5.650%		05/01/2017		500,000		598,395
3.450%		09/15/2021		200,000		214,420
CSX Corp.
7.375%		02/01/2019		300,000		384,442
6.000%		10/01/2036		334,000		418,993
Norfolk Southern Corp.
5.900%		06/15/2019		300,000		365,820
3.250%		12/01/2021		200,000		210,737
Ryder System, Inc. MTN
3.150%		03/02/2015		300,000		310,726
Union Pacific Corp.
6.625%		02/01/2029		250,000		344,966
5.780%		07/15/2040		300,000		380,695

						3,229,194

Semiconductors & Semiconductor Equipment—0.1%
Intel Corp.
4.800%		10/01/2041		300,000		352,383
3.300%		10/01/2021		300,000		326,489

						678,872

Software—0.2%
Fiserv, Inc.
3.500%		10/01/2022		200,000		201,121
Microsoft Corp.
4.500%		10/01/2040		300,000		356,199
1.625%		09/25/2015		400,000		415,300
Oracle Corp.
5.750%		04/15/2018		500,000		621,228
5.375%		07/15/2040		500,000		640,376
5.250%		01/15/2016		500,000		574,292

						2,808,516

Specialty Retail—0.2%
Gap, Inc. (The)
5.950%		04/12/2021		200,000		223,161
Home Depot, Inc. (The)
5.875%		12/16/2036		550,000		727,330
5.400%		03/01/2016		400,000		463,154
Lowe’s Cos., Inc.
5.800%		04/15/2040		300,000		371,033
5.400%		10/15/2016		400,000		465,316


Vantagepoint Core Bond Index Fund
Coupon	Maturity
Rate	Date				Face		Value
CORPORATE OBLIGATIONS—(Continued)
Staples, Inc.
9.750%		01/15/2014			$	300,000	$	332,004

								2,581,998

Tobacco—0.3%
Altria Group, Inc.
9.950%		11/10/2038				300,000		506,003
9.250%		08/06/2019				800,000		1,137,477
Lorillard Tobacco Co.
6.875%		05/01/2020	†			300,000		368,846
Philip Morris International, Inc.
5.650%		05/16/2018				500,000		613,320
4.375%		11/15/2041				200,000		216,770
2.900%		11/15/2021	†			200,000		208,776
1.125%		08/21/2017				300,000		300,113

								3,351,305

Trading Companies & Distributors—0.0%
GATX Corp.
4.750%		06/15/2022				300,000		317,628

Transportation Infrastructure—0.1%
FedEx Corp.
3.875%		08/01/2042				200,000		196,652
2.625%		08/01/2022				200,000		200,047
United Parcel Service, Inc.
6.200%		01/15/2038				300,000		426,150
2.450%		10/01/2022				400,000		404,542

								1,227,391

Water Utilities—0.0%
American Water Capital Corp.
6.085%		10/15/2017				300,000		358,607

Wireless Telecommunication Services—0.2%
America Movil SAB de CV (Mexico)
6.125%		03/30/2040				300,000		393,350
5.000%		03/30/2020	†			400,000		470,320
Rogers Communications, Inc. (Canada)
6.800%		08/15/2018				500,000		632,627
Vodafone Group plc (United Kingdom)
7.875%		02/15/2030				250,000		370,791
6.150%		02/27/2037				200,000		269,988
5.625%		02/27/2017				500,000		595,798
5.375%		01/30/2015				250,000		276,702

								3,009,576

TOTAL CORPORATE OBLIGATIONS (Cost $234,998,005)								259,612,992

MORTGAGE-RELATED SECURITIES—31.9%
Commercial Mortgage-Backed Securities—1.8%
Banc of America Commercial Mortgage Trust, Series 2006-3, Class A4
5.889%		07/10/2044		#		500,000		576,599
Banc of America Commercial Mortgage Trust, Series 2007-2, Class A2
5.634%		04/10/2049		#		519,624		541,732
Banc of America Commercial Mortgage Trust, Series 2007-5, Class A4
5.492%		02/10/2051				2,000,000		2,352,567
Banc of America Merrill Lynch Commercial Mortgage, Inc., Series 2005-1, Class A4
5.247%		11/10/2042		#		500,000		511,291


Vantagepoint Core Bond Index Fund
Coupon	Maturity
Rate	Date					Face		Value
MORTGAGE-RELATED SECURITIES—(Continued)
Banc of America Merrill Lynch Commercial Mortgage, Inc., Series 2005-6, Class A4
5.364%		09/10/2047		#		$	800,000	$	902,901
Banc of America Merrill Lynch Commercial Mortgage, Inc., Series 2005-6, Class AM
5.364%		09/10/2047		#			1,000,000		1,120,397
Bear Stearns Commercial Mortgage Securities, Series 2005-T20, Class A4A
5.297%		10/12/2042		#			921,000		1,038,218
Bear Stearns Commercial Mortgage Securities, Series 2006-T24, Class A4
5.537%		10/12/2041					1,000,000		1,162,940
Citigroup/Deutsche Bank Commercial Mortgage Trust, Series 2005-CD1, Class A4
5.393%		07/15/2044		#			900,000		1,010,656
Citigroup/Deutsche Bank Commercial Mortgage Trust, Series 2007-CD4, Class A4
5.322%		12/11/2049					1,000,000		1,144,985
Commercial Mortgage Pass Through Certificates, Series 2004-LB4A, Class A5
4.840%		10/15/2037					200,000		211,967
GMAC Commercial Mortgage Securities, Inc., Series 2006-C1, Class AM
5.290%		11/10/2045		#			750,000		790,339
Greenwich Capital Commercial Funding Corp., Series 2007-GG11, Class A4
5.736%		12/10/2049					1,000,000		1,173,610
Greenwich Capital Commercial Funding Corp., Series 2007-GG9, Class A4
5.444%		03/10/2039	†				1,000,000		1,148,020
GS Mortgage Securities Corp. II, Series 2004-GG2, Class A6
5.396%		08/10/2038		#	†		600,000		643,158
GS Mortgage Securities Corp. II, Series 2006-GG6, Class A4
5.553%		04/10/2038		#			800,000		910,700
GS Mortgage Securities Corp. II, Series 2006-GG8, Class A4
5.560%		11/10/2039					1,200,000		1,393,514
GS Mortgage Securities Corp. II, Series 2012-GCJ7, Class A4
3.377%		05/10/2045					1,000,000		1,086,343
JP Morgan Chase Commercial Mortgage Securities Corp., Series 2005-LDP2, Class A4
4.738%		07/15/2042					935,000		1,025,598
JP Morgan Chase Commercial Mortgage Securities Corp., Series 2006-CB17, Class AM
5.464%		12/12/2043					750,000		769,434
JP Morgan Chase Commercial Mortgage Securities Corp., Series 2007-CB20, Class A4
5.794%		02/12/2051		#	†		500,000		597,182
Merrill Lynch/Countrywide Commercial Mortgage Trust, Series 2006-3, Class A4
5.414%		07/12/2046		#			750,000		865,311
Merrill Lynch/Countrywide Commercial Mortgage Trust, Series 2006-3, Class AJ
5.485%		07/12/2046		#			500,000		438,959
Merrill Lynch/Countrywide Commercial Mortgage Trust, Series 2007-5, Class A3
5.364%		08/12/2048					500,000		507,848
Wachovia Bank Commercial Mortgage Trust, Series 2004-C11, Class A5
5.215%		01/15/2041		#			500,000		532,152


Vantagepoint Core Bond Index Fund
Coupon	Maturity
Rate	Date				Face		Value
MORTGAGE-RELATED SECURITIES—(Continued)
Wachovia Bank Commercial Mortgage Trust, Series 2004-C12, Class A4
5.489%		07/15/2041		#	$	750,000	$	801,078

								23,257,499

U.S. Government Agency Mortgage-Backed Securities—30.1%
Federal Home Loan Mortgage Corp.
7.500%		06/01/2027 10/01/2029	-			245,344		296,502
7.000%		02/01/2016 09/01/2036	-			513,697		596,754
6.500%		07/01/2014 01/01/2039	-			2,385,430		2,720,016
6.104%		01/01/2037		#		262,155		286,147
6.000%		11/01/2016 10/01/2038	-			6,390,518		7,064,981
5.679%		01/01/2037		#		85,972		93,075
5.620%		02/01/2037		#		271,479		294,871
5.500%		02/01/2018 08/01/2039	-			10,296,201		11,281,298
5.000%		08/01/2017 04/01/2041	-			15,891,612		17,315,388
4.500%		08/01/2018 08/01/2041	-			20,642,435		22,330,920
4.000%		05/01/2019 03/01/2042	-			16,773,443		18,115,599
3.500%		10/01/2025 08/01/2042	-			14,800,885		15,810,598
3.435%		06/01/2041		#		201,608		212,803
3.000%		06/01/2027 02/01/2032	-			2,058,331		2,181,359
2.668%		01/01/2042		#		395,779		416,513
2.500%		08/01/2027				1,200,320		1,263,926
Federal Home Loan Mortgage Corp. TBA
6.000%		10/15/2042				900,000		988,172
5.500%		10/15/2042				900,000		980,719
4.500%		10/15/2027				100,000		107,250
3.500%		11/15/2042				1,500,000		1,604,531
3.000%		11/15/2027 11/15/2042	-			2,400,000		2,528,110
Federal National Mortgage Association
7.500%		06/01/2030 07/01/2031	-			24,948		28,777
7.000%		03/01/2030 04/01/2038	-			1,285,573		1,528,631
6.500%		02/01/2017 10/01/2039	-			2,972,610		3,408,841
6.000%		04/01/2014 11/01/2039	-			10,110,201		11,250,836
5.627%		01/01/2037		#		987,297		1,067,439
5.500%		01/01/2018 05/01/2040	-			17,954,395		19,822,901
5.000%		03/01/2018 05/01/2041	-			18,732,019		20,560,058
4.500%		03/01/2018 11/01/2041	-			29,759,376		32,329,673
4.000%		08/01/2018 03/01/2042	-			31,324,017		33,800,301
3.601%		05/01/2041		#		320,872		340,034
3.592%		08/01/2040		#		260,657		276,560
3.500%		08/01/2025 09/01/2042	-			24,946,584		26,738,676


Vantagepoint Core Bond Index Fund
Coupon	Maturity
Rate	Date				Face		Value
MORTGAGE-RELATED SECURITIES—(Continued)
3.481%		02/01/2041		#	$	179,988	$	191,253
3.239%		07/01/2040		#		551,468		582,229
3.168%		06/01/2040		#		239,780		251,932
3.000%		07/01/2027 04/01/2042	-			2,836,542		3,010,802
2.941%		05/01/2035		#		228,828		246,032
2.921%		02/01/2037		#		94,598		101,844
2.873%		10/01/2035		#		654,495		701,131
2.848%		01/01/2042		#		805,490		850,681
2.791%		05/01/2035		#		614,098		654,017
2.531%		03/01/2037		#		1,919,689		2,061,241
Federal National Mortgage Association TBA
6.500%-
5.000%		10/25/2042				1,900,000		2,052,813
4.500%		11/25/2042				700,000		757,531
4.000%		10/25/2042				900,000		969,891
3.500%		11/25/2042				3,500,000		3,745,547
3.000%		10/25/2027 10/25/2042	-			4,400,000		4,656,625
2.500%		11/25/2027				1,000,000		1,049,063
Government National Mortgage Association
7.500%		12/15/2029 05/15/2032	-			335,846		412,782
7.000%		09/15/2037				48,393		55,949
6.500%		03/15/2026 01/15/2039	-			1,427,727		1,681,699
6.000%		02/15/2033 12/15/2039	-			3,797,894		4,307,841
5.500%		01/15/2024 07/20/2040	-			6,341,247		7,084,068
5.000%		05/15/2033 10/20/2041	-			14,549,613		16,152,436
4.500%		04/20/2026 11/20/2041	-			22,875,819		25,278,886
4.000%		08/15/2024 03/20/2042	-			15,854,621		17,519,828
3.500%		12/15/2025 11/15/2042	-			12,045,689		13,186,794
3.500%		12/20/2040		#		388,719		415,952
3.000%		04/15/2027				484,687		520,584
3.000%		02/20/2041 11/20/2041	-	#		1,347,501		1,435,010
2.500%		11/20/2040 12/20/2040	-	#		880,467		922,803
Government National Mortgage Association TBA
5.500%		10/15/2042				200,000		222,523
4.500%-
4.000%		11/15/2042				500,000		549,766
3.500%		10/15/2042				2,000,000		2,188,125
3.000%		11/15/2042				1,000,000		1,068,281

								372,528,218

TOTAL MORTGAGE-RELATED SECURITIES (Cost $374,308,292)								395,785,717

U.S. TREASURY OBLIGATIONS—35.8%
U.S. Treasury Bonds—6.3%
U.S. Treasury Bond
11.250%		02/15/2015				1,300,000		1,636,985
9.875%		11/15/2015				2,470,000		3,200,579
9.125%		05/15/2018				1,060,000		1,550,415
8.750%		05/15/2017 08/15/2020	-			910,000		1,380,501


Vantagepoint Core Bond Index Fund
Coupon	Maturity
Rate	Date			Face		Value
U.S. TREASURY OBLIGATIONS—(Continued)
8.500%		02/15/2020		$	991,000	$	1,513,753
8.125%		08/15/2019 08/15/2021	-		2,390,000		3,572,671
8.000%		11/15/2021			920,000		1,441,166
7.625%		11/15/2022 02/15/2025	-		730,000		1,170,302
7.500%		11/15/2016 11/15/2024	-		1,275,000		1,795,074
7.250%		05/15/2016 08/15/2022	-		2,040,000		2,664,969
6.875%		08/15/2025			300,000		467,766
6.750%		08/15/2026			700,000		1,095,282
6.625%		02/15/2027			300,000		467,297
6.500%		11/15/2026			800,000		1,230,375
6.375%		08/15/2027			300,000		460,359
6.250%		08/15/2023 05/15/2030	-		2,160,000		3,188,031
6.125%		11/15/2027 08/15/2029	-		1,930,000		2,916,951
6.000%		02/15/2026			965,000		1,412,519
5.375%		02/15/2031			510,000		737,747
5.250%		11/15/2028 02/15/2029	-		1,000,000		1,401,172
5.000%		05/15/2037			710,000		1,016,853
4.750%		02/15/2037 02/15/2041	-		3,000,000		4,196,095
4.625%		02/15/2040			2,300,000		3,157,109
4.500%		02/15/2036 08/15/2039	-		2,470,000		3,312,200
4.375%		11/15/2039 05/15/2041	-		6,870,000		9,091,546
4.250%		05/15/2039 11/15/2040	-		4,650,000		6,034,080
3.875%		08/15/2040			1,900,000		2,321,563
3.750%		08/15/2041			2,340,000		2,798,128
3.500%		02/15/2039			1,800,000		2,066,625
3.125%		11/15/2041 02/15/2042	-		5,870,000		6,249,817
3.000%		05/15/2042			2,281,000		2,365,468
2.750%		08/15/2042			1,400,000		1,377,032

							77,290,430

U.S. Treasury Notes—29.5%
U.S. Treasury Note
5.125%		05/15/2016			1,500,000		1,753,711
4.875%		08/15/2016			1,600,000		1,871,875
4.750%		05/15/2014 08/15/2017	-		2,760,000		3,094,559
4.625%		11/15/2016 02/15/2017	-		2,080,000		2,435,594
4.500%		11/15/2015 02/15/2016	-		1,760,000		1,991,637
4.250%		11/15/2013 11/15/2017	-		8,455,000		9,261,112
4.125%		05/15/2015			1,070,000		1,176,917
4.000%		02/15/2014 08/15/2018	-		5,090,000		5,504,343
3.875%		05/15/2018			130,000		152,456
3.750%		11/15/2018			1,400,000		1,643,468
3.625%		08/15/2019 02/15/2021	-		11,150,000		13,152,833
3.500%		02/15/2018 05/15/2020	-		4,965,000		5,749,548


Vantagepoint Core Bond Index Fund
Coupon	Maturity
Rate	Date				Face		Value
U.S. TREASURY OBLIGATIONS—(Continued)
3.375%		11/15/2019			$	2,725,000	$	3,159,722
3.250%		05/31/2016 03/31/2017	-			8,740,000		9,718,693
3.125%		10/31/2016 05/15/2021	-			12,190,000		13,739,611
3.000%		08/31/2016 02/28/2017	-			5,900,000		6,509,125
2.875%		03/31/2018				1,000,000		1,116,094
2.750%		10/31/2013 02/15/2019	-			10,530,000		11,514,588
2.625%		06/30/2014 11/15/2020	-			19,715,000		21,159,134
2.500%		03/31/2015 06/30/2017	-			6,500,000		6,916,094
2.375%		08/31/2014 05/31/2018	-			18,028,000		19,089,887
2.250%		05/31/2014 07/31/2018	-			11,160,000		11,822,542
2.125%		11/30/2014 08/15/2021	-			10,700,000		11,276,222
2.000%		11/30/2013 02/15/2022	-			15,550,000		16,239,606
1.875%		02/28/2014 10/31/2017	-			13,445,000		14,072,587
1.750%		01/31/2014 05/15/2022	-			8,620,000		8,815,943
1.625%		08/15/2022				3,614,000		3,610,614
1.500%		12/31/2013 03/31/2019	-			9,150,000		9,474,056
1.375%		11/30/2015 02/28/2019	-			5,800,000		5,977,486
1.250%		02/15/2014 04/30/2019	-			19,260,000		19,669,791
1.125%		05/31/2019				2,200,000		2,220,968
1.000%		01/15/2014 09/30/2019	-			15,040,000		15,247,310
0.875%		11/30/2016 07/31/2019	-			13,450,000		13,609,407
0.750%		12/15/2013 06/30/2017	-			5,890,000		5,935,942
0.625%		07/15/2014 09/30/2017	-			10,023,000		10,047,944
0.500%		10/15/2013 07/31/2017	-			12,560,000		12,592,055
0.375%		11/15/2014 06/15/2015	-			10,000,000		10,024,548
0.250%		11/30/2013 09/15/2015	-			45,046,000		45,045,780
0.250%		10/31/2013		†		4,200,000		4,202,953
0.125%		12/31/2013 07/31/2014	-			5,000,000		4,992,970

								365,589,725

TOTAL U.S. TREASURY OBLIGATIONS (Cost $426,496,685)								442,880,155

GOVERNMENT RELATED OBLIGATIONS—10.3%
U.S. Government Agencies—4.9%
Federal Farm Credit Bank
2.625%		04/17/2014				500,000		518,301
1.125%		02/27/2014				500,000		506,230
0.750%		12/19/2014				750,000		750,800
0.470%		12/19/2013				750,000		750,353


Vantagepoint Core Bond Index Fund
Coupon	Maturity
Rate	Date			Face		Value
GOVERNMENT RELATED OBLIGATIONS—(Continued)
Federal Home Loan Bank
5.500%		08/13/2014 07/15/2036	-	$	1,400,000	$	1,684,746
5.375%		05/18/2016			900,000		1,056,640
5.250%		06/18/2014			1,000,000		1,086,390
4.875%		09/08/2017			1,250,000		1,496,155
4.750%		12/16/2016			1,000,000		1,174,432
3.625%		10/18/2013			900,000		932,140
3.125%		12/13/2013			500,000		517,509
2.875%		06/12/2015			900,000		960,969
2.375%		03/14/2014			1,000,000		1,031,217
1.625%		06/14/2019			1,000,000		1,030,260
1.375%		05/28/2014			1,000,000		1,020,202
Federal Home Loan Mortgage Corp.
6.250%		07/15/2032			650,000		984,266
5.500%		07/18/2016			1,000,000		1,186,438
5.125%		11/17/2017			800,000		972,995
5.000%		01/30/2014 07/15/2014	-		1,500,000		1,614,002
4.875%		06/13/2018			1,000,000		1,219,179
4.500%		04/02/2014 01/15/2015	-		1,250,000		1,339,656
4.375%		07/17/2015			1,400,000		1,555,775
3.750%		03/27/2019			500,000		583,528
2.875%		02/09/2015			1,000,000		1,059,450
2.375%		01/13/2022			1,000,000		1,051,229
1.250%		05/12/2017 08/01/2019	-		2,000,000		2,028,904
1.000%		08/20/2014 08/27/2014	-		1,500,000		1,520,013
0.900%		01/23/2015			500,000		500,837
0.750%		11/25/2014			1,000,000		1,009,768
0.500%		04/17/2015			1,000,000		1,004,077
0.375%		10/30/2013 08/28/2014	-		2,000,000		2,003,758
Federal Home Loan Mortgage Corp. MTN
5.050%		01/26/2015			300,000		332,658
Federal National Mortgage Association
7.250%		05/15/2030			400,000		647,224
6.625%		11/15/2030			500,000		769,585
6.250%		05/15/2029			740,000		1,087,520
6.000%		04/18/2036			250,000		292,316
5.000%		04/15/2015 05/11/2017	-		2,550,000		2,932,869
4.625%		10/15/2013			900,000		941,506
4.375%		10/15/2015			1,000,000		1,120,464
2.750%		02/05/2014 03/13/2014	-		4,000,000		4,142,702
2.625%		11/20/2014			1,000,000		1,050,452
2.375%		07/28/2015			1,000,000		1,056,256
1.500%		09/08/2014 04/17/2017	-		1,250,000		1,265,750
1.250%		09/28/2016 01/30/2017	-		1,000,000		1,027,904
1.220%		05/30/2017			100,000		100,466
1.125%		06/27/2014 06/14/2017	-		2,300,000		2,335,455
1.000%		08/29/2016			500,000		501,659
0.800%		11/23/2015			500,000		500,373
0.750%		12/18/2013			1,000,000		1,006,943
0.500%		12/27/2013 11/21/2014	-		1,250,000		1,251,093
0.000%		06/01/2017			400,000		383,758


Vantagepoint Core Bond Index Fund
Coupon	Maturity
Rate	Date			Face		Value
GOVERNMENT RELATED OBLIGATIONS—(Continued)
Financing Corp. Fico
8.600%		09/26/2019		$	500,000	$	729,122
Financing Corp. Fico, Series E
9.650%		11/02/2018			500,000		742,634
Israel Government AID Bond (Israel)
5.500%		04/26/2024			350,000		465,583
Tennessee Valley Authority
5.250%		09/15/2039			500,000		665,483
Tennessee Valley Authority, Series E
6.250%		12/15/2017			1,200,000		1,531,238

							61,031,232

Non-U.S. Government Agencies—1.3%
Export Development Canada (Canada)
2.250%		05/28/2015			300,000		315,474
1.500%		05/15/2014			300,000		306,111
Export-Import Bank of Korea (Korea, Republic of)
5.125%		03/16/2015			500,000		546,119
5.000%		04/11/2022			400,000		471,926
Japan Bank for International Cooperation (Japan)
2.500%		05/18/2016			400,000		425,854
1.125%		07/19/2017			500,000		503,866
KFW (Germany)
4.875%		01/17/2017			500,000		587,128
4.500%		07/16/2018			500,000		593,219
4.125%		10/15/2014			1,000,000		1,075,765
4.000%		01/27/2020			300,000		350,356
3.500%		03/10/2014			500,000		523,080
2.625%		03/03/2015			1,050,000		1,105,671
1.375%		01/13/2014			800,000		810,890
1.250%		02/15/2017	†		400,000		408,982
0.625%		04/24/2015	†		1,000,000		1,005,132
KFW MTN (Germany)
2.750%		09/08/2020			500,000		538,963
Korea Development Bank (The) (Korea, Republic of)
8.000%		01/23/2014			500,000		544,874
3.875%		05/04/2017			300,000		327,175
Landwirtschaftliche Rentenbank (Germany)
5.125%		02/01/2017			300,000		354,531
Landwirtschaftliche Rentenbank, Series G13 (Germany)
4.875%		11/16/2015			750,000		849,699
Oesterreichische Kontrollbank AG (Austria)
2.000%		06/03/2016			300,000		311,015
Pemex Project Funding Master Trust
6.625%		06/15/2035	†		500,000		630,000
Petrobras International Finance Co. (Cayman Islands)
8.375%		12/10/2018			250,000		319,900
6.750%		01/27/2041			300,000		373,843
6.125%		10/06/2016			500,000		568,934
5.375%		01/27/2021			600,000		679,062
2.875%		02/06/2015			300,000		309,098
Petroleos Mexicanos (Mexico)
8.000%		05/03/2019			250,000		328,375
5.500%		01/21/2021			500,000		588,750
Svensk Exportkredit AB (Sweden)
5.125%		03/01/2017			500,000		583,948

							16,337,740

Sovereign Debt—1.2%
Brazilian Government International Bond (Brazil)
11.000%		08/17/2040			260,000		332,800
10.125%		05/15/2027			435,000		788,872


Vantagepoint Core Bond Index Fund
Coupon	Maturity
Rate	Date			Face		Value
GOVERNMENT RELATED OBLIGATIONS—(Continued)
8.875%		04/15/2024		$	400,000	$	649,000
7.875%		03/07/2015			455,000		531,895
7.125%		01/20/2037			460,000		695,750
5.875%		01/15/2019			500,000		625,000
4.875%		01/22/2021			200,000		240,000
Canada Government International Bond (Canada)
2.375%		09/10/2014	†		500,000		520,748
Chile Government International Bond (Chile)
3.875%		08/05/2020			500,000		568,750
Colombia Government International Bond (Colombia)
11.750%		02/25/2020			200,000		326,500
8.125%		05/21/2024			200,000		299,500
7.375%		09/18/2037			200,000		308,500
Israel Government International Bond (Israel)
4.000%		06/30/2022			400,000		425,660
Mexico Government International Bond (Mexico)
6.050%		01/11/2040			500,000		668,750
5.875%		02/17/2014			500,000		532,500
Mexico Government International Bond MTN (Mexico)
4.750%		03/08/2044			200,000		223,000
Panama Government International Bond (Panama)
6.700%		01/26/2036			288,000		406,080
5.200%		01/30/2020			300,000		361,950
Peruvian Government International Bond (Peru)
7.350%		07/21/2025			400,000		588,000
6.550%		03/14/2037			500,000		738,750
Poland Government International Bond (Poland)
5.125%		04/21/2021			300,000		350,250
3.875%		07/16/2015			300,000		321,375
Republic of Finland (Finland)
6.950%		02/15/2026			150,000		213,257
Republic of Italy (Italy)
6.875%		09/27/2023			250,000		279,660
5.375%		06/15/2033	†		500,000		472,852
Republic of Korea (Korea, Republic of)
5.750%		04/16/2014			500,000		537,216
Republic of Uruguay (Uruguay)
8.000%		11/18/2022			200,000		291,800
South Africa Government International Bond (South Africa)
6.875%		05/27/2019	†		500,000		631,900
State of Israel (Israel)
5.500%		11/09/2016			300,000		345,021
United Mexican States (Mexico)
8.125%		12/30/2019	†		750,000		1,072,500
United Mexican States MTN (Mexico)
8.300%		08/15/2031			200,000		322,000
Uruguay Government International Bond (Uruguay)
6.875%		09/28/2025			100,000		137,000

							14,806,836

Supranational—1.4%
African Development Bank, Series GDIF
1.250%		09/02/2016			400,000		411,473
Asian Development Bank MTN
4.250%		10/20/2014			300,000		324,010
2.750%		05/21/2014			100,000		104,044
2.500%		03/15/2016			400,000		427,712
1.125%		03/15/2017			500,000		512,252
Corp. Andina de Fomento
3.750%		01/15/2016			300,000		316,027
Council Of Europe Development Bank MTN
1.500%		02/22/2017	†		400,000		409,595


Vantagepoint Core Bond Index Fund
Coupon	Maturity
Rate	Date				Face		Value
GOVERNMENT RELATED OBLIGATIONS—(Continued)
European Bank for Reconstruction & Development MTN
2.500%		03/15/2016			$	500,000	$	531,287
1.000%		02/16/2017		†		500,000		508,036
European Investment Bank
5.125%		09/13/2016 05/30/2017	-			1,000,000		1,179,970
4.875%		02/16/2016				400,000		455,559
4.875%		01/17/2017		†		400,000		467,500
4.625%		05/15/2014				500,000		533,445
3.000%		04/08/2014				500,000		519,473
2.875%		09/15/2020		†		500,000		539,417
1.750%		03/15/2017		†		500,000		518,570
1.500%		05/15/2014				500,000		508,819
1.250%		02/14/2014		†		500,000		506,072
1.125%		08/15/2014 09/15/2017	-			1,700,000		1,722,314
European Investment Bank MTN
1.625%		09/01/2015				700,000		720,813
Inter-American Development Bank
2.250%		07/15/2015		†		200,000		210,479
1.375%		10/18/2016				300,000		310,253
1.125%		03/15/2017				500,000		510,835
Inter-American Development Bank MTN
3.875%		02/14/2020		†		400,000		472,708
International Bank for Reconstruction & Development
2.375%		05/26/2015				200,000		210,719
2.125%		03/15/2016				500,000		528,968
1.125%		08/25/2014				500,000		508,293
0.875%		04/17/2017				700,000		707,985
0.650%		11/29/2013				400,000		400,180
0.500%		11/26/2013				600,000		601,741
International Finance Corp. MTN
2.125%		11/17/2017				500,000		535,706
Nordic Investment Bank
2.500%		07/15/2015		†		500,000		529,058

								16,743,313

U.S. Municipal Bonds—1.1%
American Municipal Power-Ohio, Inc. Revenue Bonds (Ohio)
7.499%		02/15/2050				200,000		272,572
Bay Area Toll Authority Revenue Bonds (California)
6.263%		04/01/2049				400,000		563,356
California General Obligation Bonds (California)
7.550%		04/01/2039				500,000		678,755
5.250%		04/01/2014				300,000		319,560
California State Public Works Board Revenue Bonds, Series 2009 G-2 (California)
8.361%		10/01/2034				400,000		508,716
City of New York General Obligation Bonds (New York)
5.517%		10/01/2037				100,000		124,015
County of Cook Illinois General Obligation Bonds, Series 2010 D (Illinois)
6.229%		11/15/2034				400,000		449,724
Dallas Area Rapid Transit Revenue Bonds (Texas)
5.022%		12/01/2048				300,000		371,937


Vantagepoint Core Bond Index Fund
Coupon	Maturity
Rate	Date		Face		Value
GOVERNMENT RELATED OBLIGATIONS—(Continued)
Dallas Convention Center Hotel Development Corp. Revenue Bonds (Texas)
7.088%		01/01/2042	$	200,000	$	243,030
Dallas County Hospital District General Obligation Bonds, Series 2009 C (Texas)
5.621%		08/15/2044		300,000		387,750
Dallas Independent School District General Obligation Bonds (Texas)
6.450%		02/15/2035		300,000		373,554
Government Development Bank for Puerto Rico Revenue Bonds, Series 2011 B (Puerto Rico)
4.704%		05/01/2016		400,000		412,656
3.670%		05/01/2014		400,000		408,312
Illinois General Obligation Bonds (Illinois)
5.100%		06/01/2033		500,000		485,080
Los Angeles Unified School District General Obligation Bonds (California)
5.755%		07/01/2029		200,000		232,848
5.750%		07/01/2034		300,000		353,817
Metropolitan Government of Nashville & Davidson County Authority General Obligation Bonds (Tennessee)
5.707%		07/01/2034		300,000		378,669
Metropolitan Transportation Authority Revenue Bonds (New York)
6.648%		11/15/2039		300,000		392,667
6.548%		11/15/2031		200,000		251,696
Municipal Electric Authority of Georgia Revenue Bonds, Series 2010 J (Georgia)
6.637%		04/01/2057		300,000		348,741
New Jersey Economic Development Authority Revenue Bonds, Series 1997 A (New Jersey)
7.425%		02/15/2029		200,000		252,958
New Jersey State Turnpike Authority Revenue Bonds (New Jersey)
7.102%		01/01/2041		500,000		714,295
New Jersey State Turnpike Authority Revenue Bonds, Series 2003 B (New Jersey)
4.252%		01/01/2016		25,000		27,108
New York City Municipal Water Finance Authority Revenue Bonds (New York)
5.724%		06/15/2042		200,000		264,250
New York State Dormitory Authority Revenue Bonds (New York)
5.600%		03/15/2040		200,000		251,908
North Texas Tollway Authority Revenue Bonds, Series 2010 B-2 (Texas)
8.910%		02/01/2030		200,000		233,556
Ohio State University General Obligation Bonds (Ohio)
4.910%		06/01/2040		300,000		354,960
Oregon General Obligation Bonds (Oregon)
5.762%		06/01/2023		200,000		243,486
Oregon State Department of Transportation Revenue Bonds, Series 2010 A (Oregon)
5.834%		11/15/2034		300,000		389,133
Port Authority of New York & New Jersey Revenue Bonds (New York)
6.040%		12/01/2029		255,000		325,765
State of California General Obligation Bonds (California)
7.625%		03/01/2040		600,000		816,936


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
GOVERNMENT RELATED OBLIGATIONS—(Continued)
State of Connecticut General Obligation Bonds, Series 2008 A (Connecticut)
5.850%		03/15/2032		$	200,000	$	249,990
State of Georgia General Obligation Bonds, Series 2009 H (Georgia)
4.503%		11/01/2025			300,000		347,166
State of Illinois General Obligation Bonds (Illinois)
4.961%		03/01/2016			300,000		328,002
4.071%		01/01/2014			500,000		517,670
State of Texas General Obligation Bonds, Series 2010 A (Texas)
4.681%		04/01/2040			300,000		349,941
State of Utah (Utah)
3.539%		07/01/2025			300,000		324,975
University of California Revenue Bonds (California)
6.548%		05/15/2048			300,000		394,410

							13,943,964

Non-U.S. Regional Authority Bonds—0.4%
Hydro-Quebec, Series IO (Canada)
8.050%		07/07/2024			250,000		371,116
Province of British Columbia (Canada)
2.850%		06/15/2015			200,000		213,159
Province of Manitoba, Series FH (Canada)
4.900%		12/06/2016			500,000		586,814
Province of Nova Scotia (Canada)
2.375%		07/21/2015			300,000		315,725
Province of Ontario (Canada)
5.450%		04/27/2016			1,000,000		1,165,962
4.500%		02/03/2015			650,000		710,393
4.400%		04/14/2020	†		200,000		237,666
2.700%		06/16/2015			200,000		211,727
1.375%		01/27/2014			300,000		304,195
Province of Quebec (Canada)
4.600%		05/26/2015			500,000		554,300
2.750%		08/25/2021	†		300,000		314,707
Region of Lombardy (Italy)
5.804%		10/25/2032			100,000		77,895

							5,063,659

TOTAL GOVERNMENT RELATED OBLIGATIONS (Cost $119,518,100)							127,926,744

ASSET-BACKED SECURITIES—0.3%
Automobile—0.1%
Ally Auto Receivables Trust Series 2011-4, Class A3
0.790%		09/15/2015			700,000		702,935
AmeriCredit Automobile Receivables Trust Series 2011-3, Class A3
1.170%		01/08/2016			350,000		352,337
Santander Drive Auto Receivables Trust Series 2012-4, Class A3
1.040%		08/15/2016			350,000		352,482

							1,407,754

Credit Card—0.2%
Capital One Multi-Asset Execution Trust Series 2007-A7, Class A7
5.750%		07/15/2020			1,500,000		1,842,463


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
ASSET-BACKED SECURITIES—(Continued)
Other—0.0%
CenterPoint Energy Transition Bond Co. LLC Series 2009-1, Class A2
3.460%		08/15/2019		$	400,000	$	441,966

TOTAL ASSET-BACKED SECURITIES (Cost $3,527,904)							3,692,183


					Shares		Value
MONEY MARKET FUNDS—4.6%
Institutional Money Market Funds—4.6%
Dreyfus Institutional Cash Advantage Fund, 0.13%			††¥		4,000,000		4,000,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%			¥		31,976,958		31,976,958
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%			††¥		4,886,702		4,886,702
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.16%			††¥		4,000,000		4,000,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.17%			††¥		4,000,000		4,000,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.17%			††¥		4,000,000		4,000,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.15%			††¥		4,000,000		4,000,000

TOTAL MONEY MARKET FUNDS (Cost $56,863,660)							56,863,660

TOTAL INVESTMENTS—103.9% (Cost $1,215,712,646)							1,286,761,451
Other assets less liabilities—(3.9%)							(48,299,928	)

NET ASSETS—100.0%						$	1,238,461,523


Vantagepoint 500 Stock Index Fund
		Shares		Value
COMMON STOCKS—98.2%
Aerospace & Defense—2.2%
Boeing Co. (The)			24,177	$	1,683,203
General Dynamics Corp.			11,823		781,737
Honeywell International, Inc.			27,595		1,648,801
L-3 Communications Holdings, Inc.			3,424		245,535
Lockheed Martin Corp.			9,363		874,317
Northrop Grumman Corp.			8,606		571,697
Precision Castparts Corp.			5,097		832,544
Raytheon Co.			11,786		673,688
Rockwell Collins, Inc.			5,022		269,380
Textron, Inc.			10,178		266,358
United Technologies Corp.			29,921		2,342,515

					10,189,775

Air Freight & Logistics—0.7%
C.H. Robinson Worldwide, Inc.			5,867		343,513
Expeditors International of Washington, Inc.			7,127		259,138
FedEx Corp.			10,408		880,725
United Parcel Service, Inc., Class B			26,081		1,866,617

					3,349,993

Airlines—0.0%
Southwest Airlines Co.			25,882		226,985

Auto Components—0.2%
BorgWarner, Inc.	*†		3,937		272,086
Goodyear Tire & Rubber Co. (The)	*		9,472		115,464
Johnson Controls, Inc.			23,726		650,092

					1,037,642

Automobiles—0.4%
Ford Motor Co.			134,883		1,329,946
Harley-Davidson, Inc.			8,043		340,782

					1,670,728

Beverages—2.4%
Beam, Inc.			5,640		324,526
Brown-Forman Corp., Class B			5,330		347,782
Coca-Cola Co. (The)			138,318		5,246,402
Coca-Cola Enterprises, Inc.			9,905		309,729
Constellation Brands, Inc., Class A	*		5,379		174,011
Dr. Pepper Snapple Group, Inc.			7,442		331,392
Molson Coors Brewing Co., Class B			5,731		258,181
Monster Beverage Corp.	*		5,362		290,406
PepsiCo, Inc.			54,914		3,886,264

					11,168,693

Biotechnology—1.6%
Alexion Pharmaceuticals, Inc.	*		6,696		766,022
Amgen, Inc.			27,252		2,297,889
Biogen Idec, Inc.	*		8,366		1,248,458
Celgene Corp.	*		15,390		1,175,796
Gilead Sciences, Inc.	*		26,539		1,760,332

					7,248,497

Building Products—0.0%
Masco Corp.			13,189		198,494

Capital Markets—1.8%
Ameriprise Financial, Inc.			7,688		435,833
Bank of New York Mellon Corp. (The)			42,274		956,238
BlackRock, Inc.			4,460		795,218
Charles Schwab Corp. (The)			38,607		493,784
E*TRADE Financial Corp.	*		8,183		72,092
Federated Investors, Inc., Class B	†		2,838		58,718


Vantagepoint 500 Stock Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Franklin Resources, Inc.			4,958	$	620,097
Goldman Sachs Group, Inc. (The)			16,096		1,829,793
Invesco Ltd.			15,963		398,915
Legg Mason, Inc.			4,333		106,939
Morgan Stanley			49,427		827,408
Northern Trust Corp.			7,810		362,501
State Street Corp.			17,139		719,153
T. Rowe Price Group, Inc.			8,891		562,800

					8,239,489

Chemicals—2.3%
Air Products & Chemicals, Inc.			7,460		616,942
Airgas, Inc.			2,441		200,894
CF Industries Holdings, Inc.			2,231		495,818
Dow Chemical Co. (The)			42,343		1,226,253
E.I. Du Pont de Nemours & Co.			32,642		1,640,914
Eastman Chemical Co.			5,373		306,315
Ecolab, Inc.			9,414		610,121
FMC Corp.			4,898		271,251
International Flavors & Fragrances, Inc.			3,000		178,740
LyondellBasell Industries NV, Class A (Netherlands)			11,917		615,632
Monsanto Co.			18,760		1,707,535
Mosaic Co. (The)			10,143		584,338
PPG Industries, Inc.			5,393		619,332
Praxair, Inc.			10,461		1,086,689
Sherwin-Williams Co. (The)			2,998		446,432
Sigma-Aldrich Corp.	†		4,195		301,914

					10,909,120

Commercial Banks—2.8%
BB&T Corp.			24,364		807,910
Comerica, Inc.			6,948		215,735
Fifth Third Bancorp			31,737		492,241
First Horizon National Corp.			8,525		82,096
Huntington Bancshares, Inc./Ohio			30,451		210,112
KeyCorp			34,531		301,801
M&T Bank Corp.	†		4,288		408,046
PNC Financial Services Group, Inc.			18,493		1,166,908
Regions Financial Corp.			50,821		366,420
SunTrust Banks, Inc.			18,966		536,169
U.S. Bancorp			66,874		2,293,778
Wells Fargo & Co.			174,633		6,030,078
Zions Bancorporation			5,936		122,608

					13,033,902

Commercial Services & Supplies—0.6%
Avery Dennison Corp.			3,386		107,743
Cintas Corp.			3,833		158,878
Iron Mountain, Inc.			5,512		188,014
Pitney Bowes, Inc.	†		7,101		98,136
R.R. Donnelley & Sons Co.	†		5,629		59,667
Republic Services, Inc.			11,354		312,349
Stericycle, Inc.	*		2,981		269,840
Tyco International Ltd. (Switzerland)			16,200		911,412
Waste Management, Inc.			16,126		517,322

					2,623,361

Communications Equipment—1.9%
Cisco Systems, Inc.			188,313		3,594,895
F5 Networks, Inc.	*		2,757		288,658
Harris Corp.			4,085		209,234
JDS Uniphase Corp.	*		7,658		94,844
Juniper Networks, Inc.	*		18,852		322,558


Vantagepoint 500 Stock Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Motorola Solutions, Inc.			9,946	$	502,770
QUALCOMM, Inc.			60,280		3,766,897

					8,779,856

Computers & Peripherals—5.9%
Apple, Inc.			33,183		22,141,689
Dell, Inc.			53,621		528,703
EMC Corp.	*		74,224		2,024,089
Hewlett-Packard Co.			69,207		1,180,671
NetApp, Inc.	*		12,808		421,127
SanDisk Corp.	*		8,296		360,295
Seagate Technology plc (Ireland)			13,227		410,037
Western Digital Corp.			8,422		326,184

					27,392,795

Construction & Engineering—0.1%
Fluor Corp.			5,633		317,026
Jacobs Engineering Group, Inc.	*		4,477		181,005
Quanta Services, Inc.	*		7,556		186,633

					684,664

Construction Materials—0.0%
Vulcan Materials Co.			4,526		214,080

Consumer Finance—0.9%
American Express Co.			35,072		1,994,194
Capital One Financial Corp.			20,539		1,170,928
Discover Financial Services			18,726		743,984
SLM Corp.			17,168		269,881

					4,178,987

Containers & Packaging—0.1%
Ball Corp.			5,788		244,890
Bemis Co., Inc.			3,365		105,896
Owens-Illinois, Inc.	*		5,235		98,209
Sealed Air Corp.			6,841		105,762

					554,757

Distributors—0.1%
Genuine Parts Co.			5,403		329,745

Diversified Consumer Services—0.1%
Apollo Group, Inc., Class A	*		4,113		119,483
H&R Block, Inc.			10,479		181,601

					301,084

Diversified Financial Services—3.0%
Bank of America Corp.			381,040		3,364,583
Citigroup, Inc.			103,712		3,393,457
CME Group, Inc.			10,929		626,232
IntercontinentalExchange, Inc.	*		2,472		329,790
JPMorgan Chase & Co.			134,423		5,441,443
Leucadia National Corp.			6,542		148,830
Moody’s Corp.	†		6,750		298,147
NASDAQ OMX Group, Inc. (The)			4,218		98,258
NYSE Euronext			8,746		215,589

					13,916,329

Diversified Telecommunication Services—2.9%
AT&T, Inc.			204,410		7,706,257
CenturyLink, Inc.			21,758		879,023
Frontier Communications Corp.	†		32,749		160,470
Verizon Communications, Inc.			100,718		4,589,719
Windstream Corp.	†		21,388		216,233

					13,551,702


Vantagepoint 500 Stock Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Electric Utilities—2.0%
American Electric Power Co., Inc.			17,116	$	752,077
Duke Energy Corp.			24,904		1,613,779
Edison International			11,497		525,298
Entergy Corp.			6,169		427,512
Exelon Corp.			29,844		1,061,850
FirstEnergy Corp.			14,589		643,375
NextEra Energy, Inc.			14,910		1,048,620
Northeast Utilities			11,063		422,938
Pepco Holdings, Inc.	†		7,419		140,219
Pinnacle West Capital Corp.			3,839		202,699
PPL Corp.	†		20,481		594,973
Southern Co.			30,920		1,425,103
Xcel Energy, Inc.			16,727		463,505

					9,321,948

Electrical Equipment—0.5%
Cooper Industries plc			5,633		422,813
Emerson Electric Co.			25,743		1,242,615
Rockwell Automation, Inc.			4,779		332,379
Roper Industries, Inc.			3,356		368,791

					2,366,598

Electronic Equipment, Instruments & Components—0.4%
Amphenol Corp., Class A			5,737		337,795
Corning, Inc.			53,463		703,038
FLIR Systems, Inc.			5,021		100,294
Jabil Circuit, Inc.			6,753		126,416
Molex, Inc.	†		4,895		128,641
TE Connectivity Ltd. (Switzerland)			15,000		510,150

					1,906,334

Energy Equipment & Services—1.9%
Baker Hughes, Inc.			15,496		700,884
Cameron International Corp.	*		8,784		492,519
Diamond Offshore Drilling, Inc.	†		2,210		145,440
Ensco plc, Class A (United Kingdom)			8,082		440,954
FMC Technologies, Inc.	*		8,229		381,003
Halliburton Co.			32,375		1,090,714
Helmerich & Payne, Inc.	†		3,734		177,776
Nabors Industries Ltd. (Bermuda)	*		9,642		135,277
National Oilwell Varco, Inc.			15,080		1,208,059
Noble Corp. (Switzerland)	*		9,079		324,846
Rowan Cos. plc, Class A	*		4,110		138,795
Schlumberger Ltd.			46,962		3,396,761

					8,633,028

Food & Staples Retailing—2.4%
Costco Wholesale Corp.			15,244		1,526,306
CVS Caremark Corp.			44,900		2,174,058
Kroger Co. (The)			19,656		462,702
Safeway, Inc.	†		9,050		145,615
Sysco Corp.			20,707		647,508
Walgreen Co.			30,189		1,100,087
Wal-Mart Stores, Inc.			59,614		4,399,513
Whole Foods Market, Inc.			6,051		589,367

					11,045,156

Food Products—1.7%
Archer-Daniels-Midland Co.			23,248		631,881
Campbell Soup Co.	†		6,126		213,307
ConAgra Foods, Inc.			14,350		395,917
Dean Foods Co.	*		6,452		105,490
General Mills, Inc.			22,633		901,925


Vantagepoint 500 Stock Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
H.J. Heinz Co.			11,298	$	632,123
Hershey Co. (The)			5,490		389,186
Hormel Foods Corp.	†		4,650		135,966
J.M. Smucker Co. (The)			3,807		328,658
Kellogg Co.			8,785		453,833
Kraft Foods, Inc., Class A			62,751		2,594,754
McCormick & Co., Inc.			4,418		274,093
Mead Johnson Nutrition Co.			7,188		526,737
Tyson Foods, Inc., Class A			10,014		160,424

					7,744,294

Gas Utilities—0.1%
AGL Resources, Inc.			3,798		155,376
ONEOK, Inc.			7,486		361,649

					517,025

Health Care Equipment & Supplies—1.8%
Baxter International, Inc.			19,653		1,184,290
Becton Dickinson and Co.			7,322		575,216
Boston Scientific Corp.	*		52,253		299,932
C.R. Bard, Inc.			2,796		292,601
CareFusion Corp.	*		8,238		233,877
Covidien plc (Ireland)			16,965		1,008,060
DENTSPLY International, Inc.	†		5,225		199,282
Edwards Lifesciences Corp.	*		4,131		443,546
Intuitive Surgical, Inc.	*		1,380		683,969
Medtronic, Inc.			36,460		1,572,155
St. Jude Medical, Inc.			11,430		481,546
Stryker Corp.			10,318		574,300
Varian Medical Systems, Inc.	*		3,908		235,731
Zimmer Holdings, Inc.			6,212		420,055

					8,204,560

Health Care Providers & Services—1.9%
Aetna, Inc.			11,917		471,913
AmerisourceBergen Corp.			8,861		343,009
Cardinal Health, Inc.			12,181		474,694
Cigna Corp.			9,848		464,530
Coventry Health Care, Inc.			5,273		219,831
DaVita, Inc.	*		3,186		330,102
Express Scripts Holding Co.	*		28,641		1,794,932
Humana, Inc.			5,787		405,958
Laboratory Corp. of America Holdings	*		3,235		299,140
McKesson Corp.			8,275		711,898
Patterson Cos., Inc.			2,852		97,653
Quest Diagnostics, Inc.			5,486		347,977
Tenet Healthcare Corp.	*		14,819		92,915
UnitedHealth Group, Inc.			36,574		2,026,565
WellPoint, Inc.			11,825		685,968

					8,767,085

Health Care Technology—0.1%
Cerner Corp.	*		5,042		390,301

Hotels, Restaurants & Leisure—1.8%
Carnival Corp.			16,099		586,648
Chipotle Mexican Grill, Inc.	*		1,080		342,943
Darden Restaurants, Inc.	†		4,663		259,962
International Game Technology	†		11,074		144,959
Marriott International, Inc., Class A			9,303		363,747
McDonald’s Corp.			35,615		3,267,676
Starbucks Corp.			26,864		1,363,348
Starwood Hotels & Resorts Worldwide, Inc.			6,925		401,373


Vantagepoint 500 Stock Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Wyndham Worldwide Corp.			5,452	$	286,121
Wynn Resorts Ltd.			2,846		328,542
Yum! Brands, Inc.			16,143		1,070,927

					8,416,246

Household Durables—0.3%
D.R. Horton, Inc.	†		9,898		204,295
Harman International Industries, Inc.			2,512		115,954
Leggett & Platt, Inc.			4,988		124,949
Lennar Corp., Class A	†		5,349		185,985
Newell Rubbermaid, Inc.			10,245		195,577
PulteGroup, Inc.	*		11,419		176,994
Whirlpool Corp.			2,748		227,837

					1,231,591

Household Products—2.1%
Clorox Co. (The)			4,678		337,050
Colgate-Palmolive Co.			15,886		1,703,297
Kimberly-Clark Corp.			13,806		1,184,279
Procter & Gamble Co. (The)			97,379		6,754,207

					9,978,833

Independent Power Producers & Energy Traders—0.1%
AES Corp. (The)	*		21,242		233,025
NRG Energy, Inc.			8,174		174,842

					407,867

Industrial Conglomerates—2.5%
3M Co.			22,703		2,098,211
Danaher Corp.			20,624		1,137,414
General Electric Co.			373,526		8,482,775

					11,718,400

Insurance—3.7%
ACE Ltd. (Switzerland)			11,800		892,080
Aflac, Inc.			16,308		780,827
Allstate Corp. (The)			16,951		671,429
American International Group, Inc.	*		41,249		1,352,555
Aon plc (United Kingdom)			11,453		598,877
Assurant, Inc.			3,058		114,063
Berkshire Hathaway, Inc., Class B	*		64,686		5,705,305
Chubb Corp. (The)			9,531		727,025
Cincinnati Financial Corp.			5,643		213,813
Genworth Financial, Inc., Class A	*		16,334		85,427
Hartford Financial Services Group, Inc.			14,732		286,390
Lincoln National Corp.			10,294		249,012
Loews Corp.			11,005		454,066
Marsh & McLennan Cos., Inc.			19,241		652,847
MetLife, Inc.			37,162		1,280,603
Principal Financial Group, Inc.			10,148		273,387
Progressive Corp. (The)	†		20,020		415,215
Prudential Financial, Inc.			16,502		899,524
Torchmark Corp.			3,646		187,222
Travelers Cos., Inc. (The)			13,799		941,920
Unum Group			10,175		195,564
XL Group plc (Ireland)			10,640		255,679

					17,232,830

Internet & Catalog Retail—1.0%
Amazon.com, Inc.	*		12,789		3,252,498
Expedia, Inc.			3,270		189,137
Netflix, Inc.	*†		1,931		105,124
priceline.com, Inc.	*		1,745		1,079,684


Vantagepoint 500 Stock Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
TripAdvisor, Inc.	*		3,879	$	127,735

					4,754,178

Internet Software & Services—2.2%
Akamai Technologies, Inc.	*		6,281		240,311
eBay, Inc.	*		40,979		1,983,793
Google, Inc., Class A	*		9,350		7,054,575
VeriSign, Inc.	*		5,701		277,582
Yahoo! Inc.	*		37,525		599,462

					10,155,723

IT Services—3.8%
Accenture plc, Class A (Ireland)			22,678		1,588,140
Automatic Data Processing, Inc.			17,219		1,010,066
Cognizant Technology Solutions Corp., Class A	*		10,754		751,920
Computer Sciences Corp.			5,168		166,461
Fidelity National Information Services, Inc.			8,808		274,986
Fiserv, Inc.	*		4,834		357,861
International Business Machines Corp.			38,156		7,915,462
Mastercard, Inc., Class A			3,793		1,712,464
Paychex, Inc.			11,185		372,349
SAIC, Inc.	†		9,268		111,587
Teradata Corp.	*		5,791		436,699
Total System Services, Inc.			5,490		130,113
Visa, Inc., Class A			18,401		2,470,886
Western Union Co. (The)			22,176		404,047

					17,703,041

Leisure Equipment & Products—0.1%
Hasbro, Inc.	†		4,244		161,994
Mattel, Inc.			12,113		429,769

					591,763

Life Sciences Tools & Services—0.4%
Agilent Technologies, Inc.			12,254		471,166
Life Technologies Corp.	*		6,210		303,545
PerkinElmer, Inc.			4,019		118,440
Thermo Fisher Scientific, Inc.			12,863		756,730
Waters Corp.	*		2,974		247,824

					1,897,705

Machinery—1.8%
Caterpillar, Inc.			23,088		1,986,492
Cummins, Inc.			6,319		582,675
Deere & Co.			14,090		1,162,284
Dover Corp.			6,406		381,093
Eaton Corp.	†		11,791		557,243
Flowserve Corp.			1,878		239,896
Illinois Tool Works, Inc.			15,445		918,514
Ingersoll-Rand plc (Ireland)			10,300		461,646
Joy Global, Inc.			3,656		204,955
PACCAR, Inc.			12,577		503,395
Pall Corp.			3,958		251,293
Parker Hannifin Corp.			5,376		449,326
Pentair, Inc.			3,249		144,613
Snap-on, Inc.			1,846		132,672
Stanley Black & Decker, Inc.			5,825		444,156
Xylem, Inc.			5,979		150,372

					8,570,625

Media—3.5%
Cablevision Systems Corp., Class A			7,437		117,876
CBS Corp., Class B			21,253		772,121


Vantagepoint 500 Stock Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Comcast Corp., Class A			94,315	$	3,373,648
DIRECTV	*		22,311		1,170,435
Discovery Communications, Inc., Class A	*		9,025		538,161
Gannett Co., Inc.	†		9,041		160,478
Interpublic Group of Cos., Inc. (The)			16,092		178,943
McGraw-Hill Cos., Inc. (The)			10,038		547,974
News Corp., Class A			72,325		1,774,132
Omnicom Group, Inc.	†		9,317		480,385
Scripps Networks Interactive, Inc., Class A			3,141		192,323
Time Warner Cable, Inc.			11,027		1,048,227
Time Warner, Inc.			33,989		1,540,721
Viacom, Inc., Class B			16,966		909,208
Walt Disney Co. (The)			63,460		3,317,689
Washington Post Co. (The), Class B	†		160		58,085

					16,180,406

Metals & Mining—0.7%
Alcoa, Inc.			36,839		326,025
Allegheny Technologies, Inc.			3,978		126,898
Cliffs Natural Resources, Inc.	†		4,728		185,007
Freeport-McMoRan Copper & Gold, Inc.			33,229		1,315,204
Newmont Mining Corp.			17,389		973,958
Nucor Corp.			11,307		432,606
Titanium Metals Corp.	†		2,725		34,962
United States Steel Corp.	†		4,478		85,395

					3,480,055

Multiline Retail—0.8%
Big Lots, Inc.	*		2,176		64,366
Dollar Tree, Inc.	*		8,488		409,758
Family Dollar Stores, Inc.			3,484		230,989
J.C. Penney Co., Inc.	†		4,844		117,661
Kohl’s Corp.			7,722		395,521
Macy’s, Inc.			14,108		530,743
Nordstrom, Inc.			5,299		292,399
Target Corp.			23,535		1,493,766

					3,535,203

Multi-Utilities—1.2%
Ameren Corp.			8,536		278,871
CenterPoint Energy, Inc.			14,854		316,390
CMS Energy Corp.			9,405		221,488
Consolidated Edison, Inc.			10,333		618,843
Dominion Resources, Inc.			19,999		1,058,747
DTE Energy Co.			6,094		365,274
Integrys Energy Group, Inc.			2,588		135,093
NiSource, Inc.			9,791		249,475
PG&E Corp.			15,052		642,269
Public Service Enterprise Group, Inc.	†		17,851		574,445
SCANA Corp.	†		4,610		222,525
Sempra Energy			8,179		527,464
TECO Energy, Inc.			7,055		125,156
Wisconsin Energy Corp.			8,321		313,452

					5,649,492

Office Electronics—0.1%
Xerox Corp.			45,690		335,365

Oil, Gas & Consumable Fuels—9.2%
Alpha Natural Resources, Inc.	*		7,415		48,716
Anadarko Petroleum Corp.			17,473		1,221,712
Apache Corp.			13,817		1,194,756


Vantagepoint 500 Stock Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Cabot Oil & Gas Corp.			7,263	$	326,109
Chesapeake Energy Corp.	†		18,790		354,567
Chevron Corp.			69,450		8,095,092
ConocoPhillips			43,141		2,466,802
CONSOL Energy, Inc.	†		8,076		242,684
Denbury Resources, Inc.	*		13,879		224,285
Devon Energy Corp.			13,409		811,244
EOG Resources, Inc.			9,441		1,057,864
EQT Corp.			5,423		319,957
Exxon Mobil Corp.			163,667		14,967,347
Hess Corp.			10,745		577,221
Kinder Morgan, Inc.			19,819		703,971
Marathon Oil Corp.			24,924		737,003
Marathon Petroleum Corp.			12,159		663,760
Murphy Oil Corp.			6,683		358,810
Newfield Exploration Co.	*		4,380		137,182
Noble Energy, Inc.			6,275		581,755
Occidental Petroleum Corp.			28,654		2,465,963
Peabody Energy Corp.			9,844		219,423
Phillips 66			21,948		1,017,729
Pioneer Natural Resources Co.			4,379		457,168
QEP Resources, Inc.	†		5,856		185,401
Range Resources Corp.			5,640		394,067
Southwestern Energy Co.	*		12,533		435,898
Spectra Energy Corp.			22,892		672,109
Sunoco, Inc.			3,836		179,640
Tesoro Corp.			4,936		206,818
Valero Energy Corp.			19,469		616,778
Williams Cos., Inc. (The)			21,778		761,577
WPX Energy, Inc.	*		6,454		107,072

					42,810,480

Paper & Forest Products—0.2%
International Paper Co.			15,411		559,728
MeadWestvaco Corp.			5,994		183,416

					743,144

Personal Products—0.2%
Avon Products, Inc.			15,040		239,888
Estee Lauder Cos., Inc. (The), Class A			8,445		519,959

					759,847

Pharmaceuticals—6.1%
Abbott Laboratories			55,519		3,806,383
Allergan, Inc.			10,871		995,566
Bristol-Myers Squibb Co.			59,086		1,994,152
Eli Lilly & Co.			36,126		1,712,734
Forest Laboratories, Inc.	*		8,371		298,091
Hospira, Inc.	*		5,541		181,856
Johnson & Johnson	†		97,471		6,716,727
Merck & Co., Inc.			107,718		4,858,082
Mylan, Inc.	*		14,475		353,190
Perrigo Co.			3,137		364,425
Pfizer, Inc.			264,290		6,567,606
Watson Pharmaceuticals, Inc.	*		4,448		378,792

					28,227,604

Professional Services—0.1%
Dun & Bradstreet Corp. (The)			1,587		126,357
Equifax, Inc.			3,923		182,733
Robert Half International, Inc.			5,314		141,512

					450,602


Vantagepoint 500 Stock Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Real Estate Investment Trusts (REITs)—2.0%
American Tower Corp. REIT			13,819	$	986,538
Apartment Investment & Management Co., Class A REIT			5,152		133,901
AvalonBay Communities, Inc. REIT			3,417		464,678
Boston Properties, Inc. REIT			5,262		582,030
Equity Residential REIT			10,627		611,371
HCP, Inc. REIT			15,143		673,561
Health Care REIT, Inc. REIT			9,011		520,385
Host Hotels & Resorts, Inc. REIT	†		25,476		408,890
Kimco Realty Corp. REIT			14,713		298,233
Plum Creek Timber Co., Inc. REIT	†		5,901		258,700
Prologis, Inc. REIT			16,246		569,097
Public Storage REIT			5,090		708,375
Simon Property Group, Inc. REIT			10,724		1,628,010
Ventas, Inc. REIT			10,242		637,565
Vornado Realty Trust REIT			6,019		487,840
Weyerhaeuser Co. REIT			19,182		501,417

					9,470,591

Real Estate Management & Development—0.0%
CBRE Group, Inc.	*		10,935		201,313

Road & Rail—0.8%
CSX Corp.			36,959		766,899
Norfolk Southern Corp.			11,425		726,973
Ryder System, Inc.			1,762		68,824
Union Pacific Corp.			16,805		1,994,753

					3,557,449

Semiconductors & Semiconductor Equipment—2.0%
Advanced Micro Devices, Inc.	*†		20,715		69,810
Altera Corp.			11,530		391,847
Analog Devices, Inc.			10,642		417,060
Applied Materials, Inc.			45,508		508,097
Broadcom Corp., Class A	*		18,131		626,970
First Solar, Inc.	*†		1,746		38,665
Intel Corp.			177,050		4,015,494
KLA-Tencor Corp.			5,820		277,643
Lam Research Corp.	*		6,957		221,129
Linear Technology Corp.			8,093		257,762
LSI Corp.	*		19,354		133,736
Microchip Technology, Inc.	†		6,653		217,819
Micron Technology, Inc.	*		35,993		215,418
NVIDIA Corp.	*		21,218		283,048
Teradyne, Inc.	*		6,358		90,411
Texas Instruments, Inc.			40,135		1,105,719
Xilinx, Inc.			9,115		304,532

					9,175,160

Software—3.5%
Adobe Systems, Inc.	*		17,281		560,941
Autodesk, Inc.	*		8,155		272,132
BMC Software, Inc.	*		5,758		238,899
CA, Inc.			12,683		326,778
Citrix Systems, Inc.	*		6,595		504,979
Electronic Arts, Inc.	*		10,885		138,131
Intuit, Inc.			9,844		579,615
Microsoft Corp.			266,638		7,940,480
Oracle Corp.			134,975		4,250,363
Red Hat, Inc.	*		6,899		392,829
Salesforce.com, Inc.	*		4,557		695,808
Symantec Corp.	*		24,479		440,622

					16,341,577


Vantagepoint 500 Stock Index Fund
				Shares		Value
COMMON STOCKS—(Continued)
Specialty Retail—2.1%
Abercrombie & Fitch Co., Class A					2,804	$	95,112
AutoNation, Inc.			*†		1,480		64,632
AutoZone, Inc.			*		1,287		475,765
Bed Bath & Beyond, Inc.			*		8,337		525,231
Best Buy Co., Inc.					9,936		170,800
CarMax, Inc.			*		7,931		224,447
GameStop Corp., Class A			†		4,873		102,333
Gap, Inc. (The)					10,646		380,914
Home Depot, Inc. (The)					53,440		3,226,173
Limited Brands, Inc.			†		8,319		409,794
Lowe’s Cos., Inc.					40,494		1,224,539
O’Reilly Automotive, Inc.			*		4,239		354,465
Ross Stores, Inc.					7,978		515,379
Staples, Inc.			†		24,219		279,003
Tiffany & Co.					4,254		263,237
TJX Cos., Inc.					26,453		1,184,830
Urban Outfitters, Inc.			*		4,083		153,357

							9,650,011

Textiles, Apparel & Luxury Goods—0.6%
Coach, Inc.					9,921		555,775
Fossil, Inc.			*		1,943		164,572
NIKE, Inc., Class B					12,862		1,220,732
Ralph Lauren Corp.					2,178		329,379
V.F. Corp.					3,098		493,697

							2,764,155

Thrifts & Mortgage Finance—0.1%
Hudson City Bancorp, Inc.					19,920		158,563
People’s United Financial, Inc.					12,543		152,272

							310,835

Tobacco—1.9%
Altria Group, Inc.					71,578		2,389,989
Lorillard, Inc.					4,679		544,870
Philip Morris International, Inc.					59,708		5,370,137
Reynolds American, Inc.					11,537		500,014

							8,805,010

Trading Companies & Distributors—0.2%
Fastenal Co.					10,064		432,651
W.W. Grainger, Inc.					2,074		432,160

							864,811

Wireless Telecommunication Services—0.3%
Crown Castle International Corp.			*		10,231		655,807
MetroPCS Communications, Inc.			*		11,147		130,531
Sprint Nextel Corp.			*		104,276		575,604

							1,361,942

TOTAL COMMON STOCKS (Cost $290,497,557)							456,030,861


Coupon Rate	Maturity Date			Face		Value
U.S. TREASURY OBLIGATIONS—0.1%
U.S. Treasury Bills—0.1%
U.S. Treasury Bill
0.080%		12/20/2012	‡‡
(Cost $459,895)				$	460,000		459,918


Vantagepoint 500 Stock Index Fund
		Shares		Value
MONEY MARKET FUNDS—4.9%
Institutional Money Market Funds—4.9%
Dreyfus Institutional Cash Advantage Fund, 0.13%	††¥		2,500,000	$	2,500,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%	¥		8,197,019		8,197,019
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%	††¥		2,299,402		2,299,402
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.16%	††¥		2,500,000		2,500,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.17%	††¥		2,500,000		2,500,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.17%	††¥		2,500,000		2,500,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.15%	††¥		2,500,000		2,500,000

TOTAL MONEY MARKET FUNDS (Cost $22,996,421)					22,996,421

TOTAL INVESTMENTS—103.2% (Cost $313,953,873)					479,487,200
Other assets less liabilities—(3.2%)					(14,742,535	)

NET ASSETS—100.0%				$	464,744,665

Legend to the Schedule of Investments:

REIT	Real Estate Investment Trust

†	Denotes all or a portion of the security on loan.

*	Non-income producing.

‡‡	Security or a portion of the security has been pledged as collateral for futures contracts and/or options contracts.

††	Represents reinvestment of collateral received in conjunction with securities lending.

¥	The rate quoted is the annualized seven-day yield of the fund at period end.


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—98.1%
Aerospace & Defense—2.0%
AAR Corp.			1,489	$	24,449
Alliant Techsystems, Inc.			1,550		77,671
American Science & Engineering, Inc.			435		28,540
B/E Aerospace, Inc.	*		2,393		100,745
Boeing Co. (The)			22,743		1,583,368
Ceradyne, Inc.			1,867		45,611
Cubic Corp.			476		23,829
Curtiss-Wright Corp.			2,112		69,062
Engility Holdings, Inc.	*		622		11,476
Esterline Technologies Corp.	*		1,049		58,891
Exelis, Inc.			4,977		51,462
GenCorp, Inc.	*		1,629		15,459
General Dynamics Corp.			12,337		815,723
HEICO Corp., Class A			1,713		52,264
Hexcel Corp.	*		4,757		114,263
Honeywell International, Inc.			26,085		1,558,579
Huntington Ingalls Industries, Inc.	*		1,577		66,313
Kratos Defense & Security Solutions, Inc.	*†		832		4,859
L-3 Communications Holdings, Inc.			3,737		267,980
Lockheed Martin Corp.			9,671		903,078
Moog, Inc., Class A	*		1,446		54,760
National Presto Industries, Inc.			535		38,991
Northrop Grumman Corp.			7,805		518,486
Orbital Sciences Corp.	*		2,123		30,911
Precision Castparts Corp.			5,136		838,914
Raytheon Co.			10,521		601,380
Rockwell Collins, Inc.			6,041		324,039
Spirit Aerosystems Holdings, Inc., Class A	*		2,103		46,708
Taser International, Inc.	*†		2,292		13,821
Teledyne Technologies, Inc.	*		1,228		77,843
Textron, Inc.			8,214		214,960
TransDigm Group, Inc.	*		414		58,734
Triumph Group, Inc.	†		1,644		102,799
United Technologies Corp.			31,571		2,471,694

					11,267,662

Air Freight & Logistics—0.6%
Air T, Inc.			1,352		11,390
Atlas Air Worldwide Holdings, Inc.	*		600		30,978
C.H. Robinson Worldwide, Inc.			6,357		372,202
Expeditors International of Washington, Inc.			8,772		318,950
FedEx Corp.			8,008		677,637
Forward Air Corp.			1,431		43,517
Hub Group, Inc., Class A	*		2,400		71,232
Pacer International, Inc.	*		1,664		6,623
United Parcel Service, Inc., Class B			26,935		1,927,738
UTi Worldwide, Inc.			2,208		29,742

					3,490,009

Airlines—0.2%
Alaska Air Group, Inc.	*		2,686		94,171
Delta Air Lines, Inc.	*		25,505		233,626
JetBlue Airways Corp.	*†		6,414		30,723
SkyWest, Inc.			2,390		24,689
Southwest Airlines Co.			18,586		162,999
United Continental Holdings, Inc.	*		12,259		239,050
US Airways Group, Inc.	*†		8,660		90,584

					875,842


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Auto Components—0.3%
American Axle & Manufacturing Holdings, Inc.	*		2,113	$	23,814
Autoliv, Inc. (Sweden)	†		915		56,703
BorgWarner, Inc.	*†		4,109		283,973
Cooper Tire & Rubber Co.			3,066		58,806
Dana Holding Corp.			9,980		122,754
Fuel Systems Solutions, Inc.	*†		769		13,219
Gentex Corp.	†		6,594		112,164
Gentherm, Inc.	*		2,107		26,211
Goodyear Tire & Rubber Co. (The)	*		7,281		88,755
Johnson Controls, Inc.			21,627		592,580
Lear Corp.			2,719		102,751
Modine Manufacturing Co.	*		1,208		8,915
Quantum Fuel Systems Technologies Worldwide, Inc.	*†		141		111
Shiloh Industries, Inc.			1,441		16,168
Strattec Security Corp.			123		2,619
Superior Industries International, Inc.			1,102		18,833
Tenneco, Inc.	*		1,600		44,800
TRW Automotive Holdings Corp.	*		3,548		155,083
WABCO Holdings, Inc.	*		2,354		135,755

					1,864,014

Automobiles—0.4%
Ford Motor Co.			132,145		1,302,950
General Motors Co.	*		26,868		611,247
Harley-Davidson, Inc.			5,597		237,145
Thor Industries, Inc.			1,221		44,347
Winnebago Industries, Inc.	*		1,432		18,086

					2,213,775

Beverages—2.2%
Beam, Inc.			3,861		222,162
Brown-Forman Corp., Class B			5,077		331,274
Central European Distribution Corp. (Poland)	*		9,797		27,922
Coca-Cola Bottling Co. Consolidated	†		437		29,760
Coca-Cola Co. (The)			156,856		5,949,548
Coca-Cola Enterprises, Inc.			13,572		424,396
Constellation Brands, Inc., Class A	*		8,096		261,906
Dr. Pepper Snapple Group, Inc.			7,323		326,093
Molson Coors Brewing Co., Class B			3,486		157,044
Monster Beverage Corp.	*		5,360		290,298
PepsiCo, Inc.			59,809		4,232,683

					12,253,086

Biotechnology—1.7%
Aastrom Biosciences, Inc.	*		411		666
Acorda Therapeutics, Inc.	*		674		17,261
Agenus, Inc.	*		284		1,309
Alexion Pharmaceuticals, Inc.	*		4,700		537,680
Alkermes plc (Ireland)	*		3,579		74,264
Alnylam Pharmaceuticals, Inc.	*		2,390		44,908
AMAG Pharmaceuticals, Inc.	*		834		14,795
Amgen, Inc.			25,546		2,154,039
Arena Pharmaceuticals, Inc.	*†		1,439		11,973
Ariad Pharmaceuticals, Inc.	*		5,175		125,364
Arqule, Inc.	*		864		4,415
Array BioPharma, Inc.	*		4,333		25,391
Astex Pharmaceuticals	*†		1,338		4,108
Biogen Idec, Inc.	*		6,544		976,561
BioMarin Pharmaceutical, Inc.	*		3,587		144,449


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Celgene Corp.	*		17,920	$	1,369,088
Cell Therapeutics, Inc.	*†		3,034		7,373
Celldex Therapeutics, Inc.	*		429		2,703
Cepheid, Inc.	*†		4,930		170,134
Codexis, Inc.	*†		230		697
Cubist Pharmaceuticals, Inc.	*		1,762		84,012
CytRx Corp.	*†		600		2,178
Dendreon Corp.	*†		4,737		22,880
Discovery Laboratories, Inc.	*†		171		561
Emergent Biosolutions, Inc.	*		1,319		18,743
Entremed, Inc.	*		126		227
Enzon Pharmaceuticals, Inc.	*		1,765		12,284
Exact Sciences Corp.	*		1,250		13,763
Exelixis, Inc.	*†		2,695		12,990
Galena Biopharma, Inc.	*†		209		372
Genomic Health, Inc.	*†		1,284		44,542
Geron Corp.	*		4,719		8,022
Gilead Sciences, Inc.	*		26,914		1,785,206
GTx, Inc.	*		200		916
Halozyme Therapeutics, Inc.	*		6,362		48,097
Hemispherx Biopharma, Inc.	*†		920		736
Immunogen, Inc.	*†		1,323		19,316
Immunomedics, Inc.	*†		2,141		7,515
Incyte Corp. Ltd.	*†		3,102		55,991
InterMune, Inc.	*		1,586		14,226
Isis Pharmaceuticals, Inc.	*†		2,216		31,179
Keryx Biopharmaceuticals, Inc.	*†		5,221		14,723
Lexicon Pharmaceuticals, Inc.	*†		2,343		5,436
Ligand Pharmaceuticals, Inc., Class B	*		815		13,977
MannKind Corp.	*†		4,492		12,937
Maxygen, Inc.			1,231		3,250
MediciNova, Inc.	*†		91		173
Medivation, Inc.	*		3,462		195,118
Momenta Pharmaceuticals, Inc.	*		2,618		38,144
Myrexis, Inc.	*		1,031		2,505
Myriad Genetics, Inc.	*		4,124		111,307
Nabi Biopharmaceuticals	*		420		743
Neurocrine Biosciences, Inc.	*		1,479		11,802
Novavax, Inc.	*†		1,550		3,348
NPS Pharmaceuticals, Inc.	*		1,660		15,355
Onyx Pharmaceuticals, Inc.	*		1,361		115,005
Osiris Therapeutics, Inc.	*		1,402		15,492
PDL BioPharma, Inc.	†		3,841		29,537
Peregrine Pharmaceuticals, Inc.	*†		1,823		1,878
Progenics Pharmaceuticals, Inc.	*†		793		2,276
Regeneron Pharmaceuticals, Inc.	*		2,632		401,801
Rigel Pharmaceuticals, Inc.	*		1,882		19,291
Sarepta Therapeutics, Inc.	*†		399		6,196
Savient Pharmaceuticals, Inc.	*†		1,538		3,830
SIGA Technologies, Inc.	*†		4,649		14,877
Synageva BioPharma Corp.	*		242		12,930
Telik, Inc.	*		58		93
Theravance, Inc.	*†		3,224		83,534
United Therapeutics Corp.	*		1,828		102,149
Vanda Pharmaceuticals, Inc.	*		2,680		10,800
Vertex Pharmaceuticals, Inc.	*		5,197		290,772
XOMA Corp.	*†		331		1,221

					9,411,434

Building Products—0.1%
A.O. Smith Corp.			2,012		115,771
American Woodmark Corp.	*		800		15,976
Apogee Enterprises, Inc.			1,250		24,525


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Fortune Brands Home & Security, Inc.	*		3,861	$	104,286
Gibraltar Industries, Inc.	*		1,188		15,230
Griffon Corp.			1,288		13,266
Lennox International, Inc.			2,437		117,853
Masco Corp.			9,464		142,433
NCI Building Systems, Inc.	*		246		2,467
Owens Corning, Inc.	*		1,100		36,806
Quanex Building Products Corp.			1,671		31,482
Simpson Manufacturing Co., Inc.			2,084		59,644
Trex Co., Inc.	*		731		24,942
U.S. Home Systems, Inc.			1,291		16,099
Universal Forest Products, Inc.			1,121		46,566
USG Corp.	*		3,348		73,489

					840,835

Capital Markets—1.9%
Affiliated Managers Group, Inc.	*		1,354		166,542
Ameriprise Financial, Inc.			9,235		523,532
Arlington Asset Investment Corp., Class A			304		7,253
Bank of New York Mellon Corp. (The)			46,996		1,063,050
BGC Partners, Inc., Class A	†		7,270		35,623
BlackRock, Inc.			4,558		812,691
Calamos Asset Management, Inc., Class A			1,800		20,952
Charles Schwab Corp. (The)			39,829		509,413
CIFC Corp.	*		342		2,503
Cowen Group, Inc., Class A	*		2,582		6,971
Diamond Hill Investment Group, Inc.			331		25,381
E*TRADE Financial Corp.	*		13,474		118,706
Eaton Vance Corp.	†		5,282		152,967
Federated Investors, Inc., Class B	†		3,745		77,484
Franklin Resources, Inc.			6,281		785,565
GAMCO Investors, Inc., Class A			558		27,761
GFI Group, Inc.			2,520		8,014
Goldman Sachs Group, Inc. (The)			17,270		1,963,254
Greenhill & Co., Inc.	†		495		25,616
Institutional Financial Markets, Inc.			421		476
INTL FCStone, Inc.	*		507		9,663
Invesco Ltd.			16,610		415,084
Investment Technology Group, Inc.	*		2,078		18,079
Janus Capital Group, Inc.			6,411		60,520
Jefferies Group, Inc.			4,678		64,042
KBW, Inc.	†		1,604		26,418
Knight Capital Group, Inc., Class A	*		4,630		12,408
Legg Mason, Inc.			5,850		144,378
Medallion Financial Corp.			958		11,314
Morgan Stanley			52,106		872,254
Northern Trust Corp.			8,495		394,295
Piper Jaffray Cos.	*		963		24,508
Raymond James Financial, Inc.			3,472		127,249
Safeguard Scientifics, Inc.	*		678		10,638
SEI Investments Co.			5,918		126,941
State Street Corp.			19,892		834,668
Stifel Financial Corp.	*		2,381		80,002
SWS Group, Inc.	*		1,323		8,084
T. Rowe Price Group, Inc.			10,248		648,698
TD Ameritrade Holding Corp.			8,355		128,416
Virtus Investment Partners, Inc.	*		210		18,060
Waddell & Reed Financial, Inc., Class A			3,971		130,130


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Walter Investment Management Corp.	*		602	$	22,280
Westwood Holdings Group, Inc.	†		1,027		40,063

					10,561,946

Chemicals—2.3%
A. Schulman, Inc.			1,444		34,396
Air Products & Chemicals, Inc.			6,756		558,721
Airgas, Inc.			3,075		253,073
Albemarle Corp.			3,712		195,548
Ashland, Inc.			1,520		108,832
Cabot Corp.			2,693		98,483
Calgon Carbon Corp.	*		3,184		45,563
Celanese Corp., Class A			2,979		112,934
CF Industries Holdings, Inc.			2,571		571,379
Cytec Industries, Inc.			1,644		107,715
Dow Chemical Co. (The)			37,675		1,091,068
E.I. Du Pont de Nemours & Co.			36,166		1,818,065
Eastman Chemical Co.			4,366		248,906
Ecolab, Inc.			10,311		668,256
Ferro Corp.	*		1,818		6,236
FMC Corp.			6,672		369,495
Georgia Gulf Corp.			50		1,811
H.B. Fuller Co.			2,570		78,848
Huntsman Corp.			5,470		81,667
International Flavors & Fragrances, Inc.			3,885		231,468
Intrepid Potash, Inc.	*		1,172		25,175
Koppers Holdings, Inc.			1,582		55,259
Kronos Worldwide, Inc.			2,262		33,794
Landec Corp.	*		986		11,290
LSB Industries, Inc.	*		1,411		61,901
Minerals Technologies, Inc.			868		61,567
Monsanto Co.			20,701		1,884,205
Mosaic Co. (The)			6,742		388,407
NewMarket Corp.	†		378		93,169
Olin Corp.			2,796		60,757
OM Group, Inc.	*		1,147		21,265
OMNOVA Solutions, Inc.	*		6,478		49,038
Penford Corp.	*		785		5,872
PolyOne Corp.			2,862		47,423
PPG Industries, Inc.			5,657		649,650
Praxair, Inc.			10,790		1,120,865
Quaker Chemical Corp.			483		22,542
RPM International, Inc.			4,832		137,905
Scotts Miracle-Gro Co. (The), Class A			1,662		72,247
Sensient Technologies Corp.			2,027		74,513
Sherwin-Williams Co. (The)			2,340		348,449
Sigma-Aldrich Corp.			3,395		244,338
Spartech Corp.	*		1,451		7,763
Stepan Co.			556		53,443
Tredegar Corp.			1,606		28,490
Valhi, Inc.			1,533		18,703
Valspar Corp.			2,240		125,664
W.R. Grace & Co.	*		4,200		248,136
Zep, Inc.			936		14,152

					12,648,446

Commercial Banks—3.2%
1st Source Corp.			1,180		26,279
Associated Banc-Corp			5,110		67,299
BancFirst Corp.			642		27,580
BancorpSouth, Inc.			3,611		53,226


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
BancTrust Financial Group, Inc.	*		1,600	$	4,816
Bank of Hawaii Corp.			1,898		86,587
BB&T Corp.			24,485		811,923
BOK Financial Corp.			1,765		104,312
Boston Private Financial Holdings, Inc.	†		1,297		12,438
Bryn Mawr Bank Corp.			1,058		23,742
Capital Bank Financial Corp.	*		241		4,336
Capital City Bank Group, Inc.	*		1,113		11,842
CapitalSource, Inc.			19,650		148,947
Cardinal Financial Corp.			1,142		16,331
Cascade Bancorp	*†		219		1,156
Cathay General Bancorp			2,082		35,935
Catskill Litigation Trust	*‡d		582		—
Central Pacific Financial Corp.	*		103		1,473
Chemical Financial Corp.			1,552		37,558
CIT Group, Inc.	*		6,132		241,539
Citizens Republic Bancorp, Inc.	*		6,759		130,787
City Holding Co.	†		250		8,960
City National Corp./California			1,548		79,737
CoBiz Financial, Inc.			1,063		7,441
Comerica, Inc.			8,301		257,746
Commerce Bancshares, Inc./Missouri			2,723		109,819
Community Bank System, Inc.			1,402		39,522
Community Trust Bancorp, Inc.			665		23,631
Cullen/Frost Bankers, Inc.			2,502		143,690
CVB Financial Corp.	†		4,084		48,763
East West Bancorp, Inc.			7,969		168,305
Eastern Virginia Bankshares, Inc.	*		6,402		29,513
Fidelity Southern Corp.			1,528		14,455
Fifth Third Bancorp			34,539		535,700
Financial Institutions, Inc.			749		13,961
First BanCorp. (Puerto Rico)	*†		322		1,423
First Bancorp/North Carolina			643		7,414
First Busey Corp.			2,407		11,746
First Citizens BancShares, Inc./North Carolina, Class A			254		41,377
First Commonwealth Financial Corp.			2,619		18,464
First Financial Bancorp			1,895		32,044
First Financial Bankshares, Inc.			500		18,015
First Horizon National Corp.			8,735		84,118
First Merchants Corp.			874		13,119
First Midwest Bancorp, Inc./Illinois			2,002		25,125
First Niagara Financial Group, Inc.			10,034		81,175
First of Long Island Corp. (The)			986		30,379
FirstMerit Corp.	†		3,950		58,184
FNB Corp./Pennsylvania	†		4,685		52,519
Fulton Financial Corp.	†		6,533		64,415
Glacier Bancorp, Inc.			1,771		27,592
Guaranty Bancorp	*		5,300		10,706
Hancock Holding Co.			2,032		62,890
Hanmi Financial Corp.	*		900		11,529
Heritage Financial Corp./Washington			332		4,990
Home Bancshares, Inc./Arkansas			1,170		39,885
Huntington Bancshares, Inc./Ohio			26,837		185,175
IBERIABANK Corp.	†		966		44,243
Independent Bank Corp./Massachusetts	†		874		26,299
Independent Bank Corp./Michigan	*		208		564
International Bancshares Corp.			3,248		61,874


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
KeyCorp			27,431	$	239,747
M&T Bank Corp.			3,469		330,110
MB Financial, Inc.			931		18,387
Merchants Bancshares, Inc.			571		16,873
MidSouth Bancorp, Inc.			522		8,451
MidWestOne Financial Group, Inc.			552		11,890
National Penn Bancshares, Inc.			2,758		25,125
NBT Bancorp, Inc.			1,000		22,070
Old National Bancorp/Indiana			3,552		48,343
Pacific Capital Bancorp	*		281		12,898
Pacific Premier Bancorp, Inc.	*		976		9,321
PacWest Bancorp			894		20,893
Park National Corp.	†		728		50,975
Peoples Bancorp, Inc./Ohio	†		814		18,632
Pinnacle Financial Partners, Inc.	*		1,818		35,124
PNC Financial Services Group, Inc.			20,071		1,266,480
Popular, Inc. (Puerto Rico)	*		5,380		93,773
PrivateBancorp, Inc.	†		1,200		19,188
Prosperity Bancshares, Inc.	†		2,300		98,026
Regions Financial Corp.			41,501		299,222
Republic Bancorp, Inc./Kentucky, Class A			1,603		35,186
Royal Bancshares of Pennsylvania, Inc., Class A	*		882		1,984
S&T Bancorp, Inc.			955		16,818
Sandy Spring Bancorp, Inc.			344		6,622
Shore Bancshares, Inc.			826		4,973
Signature Bank/New York	*		1,900		127,452
Simmons First National Corp., Class A	†		911		22,187
Sterling Bancorp/New York			1,476		14,642
Sterling Financial Corp./Washington			38		846
Suffolk Bancorp	*		1,100		16,126
SunTrust Banks, Inc.			19,144		541,201
Susquehanna Bancshares, Inc.			2,932		30,669
SVB Financial Group	*		1,437		86,881
Synovus Financial Corp.	†		41,667		98,751
TCF Financial Corp.			6,104		72,882
Texas Capital Bancshares, Inc.	*		2,821		140,232
Tompkins Financial Corp.			730		29,580
TowneBank/Virginia	†		1,448		22,198
Trustmark Corp.			2,435		59,268
U.S. Bancorp			73,433		2,518,752
UMB Financial Corp.	†		1,211		58,951
Umpqua Holdings Corp.			1,151		14,836
United Bankshares, Inc.	†		2,134		53,158
United Community Banks, Inc./Georgia	*		454		3,809
Valley National Bancorp	†		6,899		69,128
Washington Trust Bancorp, Inc.			500		13,135
Webster Financial Corp.			2,393		56,714
Wells Fargo & Co.			188,400		6,505,452
WesBanco, Inc.			1,699		35,186
Westamerica Bancorporation	†		1,628		76,597
Western Alliance Bancorp	*		1,400		14,280
Wintrust Financial Corp.			1,017		38,209
Zions Bancorporation			5,053		104,370

					17,881,216

Commercial Services & Supplies—0.6%
ABM Industries, Inc.			2,291		43,369
ACCO Brands Corp.	*		2,302		14,940
Avery Dennison Corp.			3,924		124,862
Brink’s Co. (The)			2,084		53,538


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Cenveo, Inc.	*†		4,741	$	10,857
Cintas Corp.			2,017		83,605
Clean Harbors, Inc.	*		2,414		117,924
Consolidated Graphics, Inc.	*		776		20,246
Copart, Inc.	*		7,164		198,658
Corrections Corp. of America			5,700		190,665
Courier Corp.			424		5,181
Covanta Holding Corp.			4,185		71,814
Deluxe Corp.	†		2,098		64,115
EnergySolutions, Inc.	*		4,049		11,054
Ennis, Inc.			695		11,405
G&K Services, Inc., Class A			1,008		31,560
Geo Group, Inc. (The)			2,456		67,957
Healthcare Services Group, Inc.			5,603		128,141
Herman Miller, Inc.			3,155		61,333
HNI Corp.			2,512		64,081
Interface, Inc.			3,357		44,346
Iron Mountain, Inc.			7,146		243,750
Kimball International, Inc., Class B	†		1,500		18,330
Knoll, Inc.			2,701		37,679
McGrath RentCorp			916		23,898
Mine Safety Appliances Co.			1,444		53,818
Mobile Mini, Inc.	*		2,000		33,420
NL Industries, Inc.	†		2,111		24,255
Perma-Fix Environmental Services, Inc.	*		5,502		5,722
Pitney Bowes, Inc.	†		1,828		25,263
Portfolio Recovery Associates, Inc.	*		504		52,633
R.R. Donnelley & Sons Co.	†		8,887		94,202
Republic Services, Inc.			14,202		390,697
Rollins, Inc.			1,486		34,757
Standard Register Co. (The)	†		1,650		1,171
Steelcase, Inc., Class A			1,992		19,621
Stericycle, Inc.	*		3,138		284,052
Sykes Enterprises, Inc.	*		1,423		19,125
Tetra Tech, Inc.	*		2,114		55,514
TRC Cos., Inc.	*		327		2,459
United Stationers, Inc.			2,556		66,507
Viad Corp.			937		19,546
Virco Manufacturing Corp.	*		799		1,894
Waste Connections, Inc.			3,543		107,176
Waste Management, Inc.			9,462		303,541

					3,338,681

Communications Equipment—1.9%
ADTRAN, Inc.	†		3,197		55,244
Alliance Fiber Optic Products, Inc.	*		963		8,657
Anaren, Inc.	*		813		16,252
Arris Group, Inc.	*		3,613		46,210
Aruba Networks, Inc.	*†		2,125		47,781
Aviat Networks, Inc.	*		2,182		5,193
Black Box Corp.			865		22,066
Blonder Tongue Laboratories, Inc.	*		2,285		2,422
Brocade Communications Systems, Inc.	*		14,008		82,857
CalAmp Corp.	*		550		4,515
Ciena Corp.	*†		5,950		80,920
Cisco Systems, Inc.			206,501		3,942,104
Comtech Telecommunications Corp.	†		1,350		37,314
Digi International, Inc.	*		1,976		20,076
Ditech Networks, Inc.	*		1,360		1,931
EchoStar Corp., Class A	*		1,877		53,795
Emcore Corp.	*†		306		1,726
Emulex Corp.	*		3,408		24,572


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Extreme Networks, Inc.	*		4,491	$	15,000
F5 Networks, Inc.	*		2,664		278,921
Finisar Corp.	*†		856		12,241
Harmonic, Inc.	*		2,820		12,803
Harris Corp.			3,891		199,297
Infinera Corp.	*†		4,191		22,967
InterDigital, Inc.	†		2,803		104,496
Ixia	*		2,330		37,443
JDS Uniphase Corp.	*		7,444		92,194
Juniper Networks, Inc.	*		17,553		300,332
KVH Industries, Inc.	*		375		5,059
Motorola Solutions, Inc.			12,061		609,684
NETGEAR, Inc.	*		1,206		45,997
Numerex Corp., Class A	*		1,800		20,394
Oclaro, Inc.	*		363		980
Oplink Communications, Inc.	*		758		12,537
Optical Cable Corp.			240		1,097
Parkervision, Inc.	*		1,052		2,462
Performance Technologies, Inc.	*		793		1,078
Plantronics, Inc.	†		1,826		64,513
Polycom, Inc.	*		8,354		82,454
Powerwave Technologies, Inc.	*†		486		296
QUALCOMM, Inc.			63,004		3,937,120
Riverbed Technology, Inc.	*		3,698		86,052
Sonus Networks, Inc.	*		10,700		20,116
Sycamore Networks, Inc.	*		991		15,261
Tellabs, Inc.			19,143		67,766
UTStarcom Holdings Corp. (China)	*		4,555		4,692
ViaSat, Inc.	*		1,190		44,482
Westell Technologies, Inc., Class A	*		1,821		3,897
Zoom Technologies, Inc. (China)	*†		542		488

					10,555,754

Computers & Peripherals—4.9%
3D Systems Corp.	*†		2,316		76,081
Apple, Inc.			32,927		21,970,870
Avid Technology, Inc.	*†		1,448		13,698
Concurrent Computer Corp.			190		853
Cray, Inc.	*		714		9,068
Dataram Corp.	*		1,175		728
Dell, Inc.			58,645		578,240
Diebold, Inc.			3,079		103,793
Dot Hill Systems Corp.	*		1,396		1,494
Electronics for Imaging, Inc.	*		2,638		43,817
EMC Corp.	*		74,289		2,025,861
Hewlett-Packard Co.			74,642		1,273,392
Hutchinson Technology, Inc.	*†		1,149		1,999
iGO, Inc.	*		674		263
Imation Corp.	*		1,564		8,743
Intermec, Inc.	*		2,374		14,743
Lexmark International, Inc., Class A	†		1,492		33,197
NCR Corp.	*		7,848		182,937
NetApp, Inc.	*		11,382		374,240
Novatel Wireless, Inc.	*		1,358		2,689
Overland Storage, Inc.	*		160		275
Presstek, Inc.	*		945		463
QLogic Corp.	*		3,731		42,608
Quantum Corp.	*		6,681		10,756
SanDisk Corp.	*		8,969		389,524
Silicon Graphics International Corp.	*†		1,843		16,771
STEC, Inc.	*		1,255		8,471
Stratasys, Inc.	*†		1,782		96,941
Synaptics, Inc.	*†		1,586		38,096
TransAct Technologies, Inc.	*		888		6,447


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Western Digital Corp.			8,356	$	323,628

					27,650,686

Construction & Engineering—0.3%
AECOM Technology Corp.	*		3,236		68,474
Aegion Corp.	*		1,223		23,433
Comfort Systems USA, Inc.	†		2,179		23,816
Dycom Industries, Inc.	*		2,076		29,853
EMCOR Group, Inc.			2,908		82,994
Fluor Corp.			4,946		278,361
Furmanite Corp.	*†		1,100		6,248
Granite Construction, Inc.			1,889		54,252
Jacobs Engineering Group, Inc.	*		4,968		200,856
KBR, Inc.			6,464		192,757
Layne Christensen Co.	*		510		10,001
MasTec, Inc.	*†		2,049		40,365
Quanta Services, Inc.	*		8,861		218,867
Shaw Group, Inc. (The)	*		2,182		95,179
Tutor Perini Corp.	*		960		10,982
URS Corp.			2,934		103,600

					1,440,038

Construction Materials—0.1%
Eagle Materials, Inc.			2,083		96,360
Headwaters, Inc.	*		2,095		13,785
Martin Marietta Materials, Inc.			494		40,938
Texas Industries, Inc.	*†		1,116		45,365
Vulcan Materials Co.			3,605		170,516

					366,964

Consumer Finance—0.7%
American Express Co.			34,754		1,976,112
Capital One Financial Corp.			18,869		1,075,722
Cash America International, Inc.			685		26,420
CompuCredit Holdings Corp.	*		24		89
Discover Financial Services			18,027		716,213
Ezcorp, Inc., Class A	*		2,031		46,571
First Marblehead Corp. (The)	*†		2,764		2,902
Nelnet, Inc., Class A			481		11,419
SLM Corp.			20,100		315,972
World Acceptance Corp.	*†		639		43,101

					4,214,521

Containers & Packaging—0.2%
AEP Industries, Inc.	*†		372		22,539
AptarGroup, Inc.	†		3,130		161,852
Ball Corp.			6,557		277,427
Bemis Co., Inc.			1,316		41,415
Crown Holdings, Inc.	*		3,283		120,650
Greif, Inc., Class A			852		37,641
Myers Industries, Inc.			1,716		26,804
Owens-Illinois, Inc.	*		6,064		113,761
Packaging Corp. of America			4,339		157,506
Rock-Tenn Co., Class A			1,450		104,661
Sealed Air Corp.			2,704		41,804
Silgan Holdings, Inc.			908		39,507
Sonoco Products Co.			3,353		103,909

					1,249,476

Distributors—0.1%
Genuine Parts Co.			3,417		208,539
LKQ Corp.	*		14,000		259,000
Pool Corp.			2,434		101,206
VOXX International Corp.	*		1,218		9,111

					577,856


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Diversified Consumer Services—0.2%
American Public Education, Inc.	*†		698	$	25,428
Apollo Group, Inc., Class A	*		5,209		151,321
Ascent Capital Group, Inc., Class A	*		545		29,435
Career Education Corp.	*		4,167		15,710
Coinstar, Inc.	*†		1,075		48,354
Corinthian Colleges, Inc.	*†		3,624		8,625
DeVry, Inc.			2,980		67,825
H&R Block, Inc.			11,402		197,597
Hillenbrand, Inc.			1,576		28,667
ITT Educational Services, Inc.	*†		1,873		60,367
Learning Tree International, Inc.	*		766		3,899
Matthews International Corp., Class A			1,052		31,371
Regis Corp.	†		1,818		33,415
School Specialty, Inc.	*		854		1,964
Service Corp. International			11,775		158,491
Sotheby’s	†		2,623		82,624
Steiner Leisure Ltd. (Bahamas)	*		1,503		69,965
Stewart Enterprises, Inc., Class A			4,115		34,545
Strayer Education, Inc.	†		551		35,457
Universal Technical Institute, Inc.			418		5,727
Weight Watchers International, Inc.	†		1,826		96,413

					1,187,200

Diversified Financial Services—2.7%
Bank of America Corp.			407,057		3,594,313
Citigroup, Inc.			111,256		3,640,296
CME Group, Inc.			13,490		772,977
Interactive Brokers Group, Inc., Class A			1,570		22,012
IntercontinentalExchange, Inc.	*		2,776		370,346
JPMorgan Chase & Co.			144,036		5,830,577
Leucadia National Corp.			6,084		138,411
Moody’s Corp.			6,057		267,538
MSCI, Inc.	*		3,439		123,082
NASDAQ OMX Group, Inc. (The)			5,431		126,515
NYSE Euronext			9,567		235,827
PHH Corp.	*†		2,212		45,014
PICO Holdings, Inc.	*		1,150		26,243
Resource America, Inc., Class A			1,287		8,803

					15,201,954

Diversified Telecommunication Services—2.6%
8x8, Inc.	*		3,048		19,995
Alaska Communications Systems Group, Inc.	†		2,850		6,441
AT&T, Inc.			220,451		8,311,003
CenturyLink, Inc.			19,640		793,456
Cincinnati Bell, Inc.	*†		35,531		202,527
Cogent Communications Group, Inc.			2,886		66,349
Consolidated Communications Holdings, Inc.			80		1,375
Frontier Communications Corp.	†		39,354		192,834
General Communication, Inc., Class A	*		2,516		24,657
HickoryTech Corp.			651		6,887
IDT Corp., Class B			1,600		16,432
Level 3 Communications, Inc.	*†		3,878		89,078
Lumos Networks Corp.			1,350		10,611
Premiere Global Services, Inc.	*†		2,174		20,327
tw telecom inc.	*		1,928		50,263
Verizon Communications, Inc.			105,621		4,813,149


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Windstream Corp.	†		21,003	$	212,340

					14,837,724

Electric Utilities—1.9%
ALLETE, Inc.			1,243		51,883
American Electric Power Co., Inc.			17,879		785,603
Cleco Corp.			2,109		88,536
Duke Energy Corp.			25,126		1,628,165
Edison International			12,222		558,423
El Paso Electric Co.			1,748		59,869
Empire District Electric Co. (The)			1,197		25,795
Entergy Corp.			5,441		377,061
Exelon Corp.			31,466		1,119,560
FirstEnergy Corp.			12,192		537,667
Great Plains Energy, Inc.			3,450		76,797
Hawaiian Electric Industries, Inc.			3,066		80,667
IDACORP, Inc.			1,515		65,554
ITC Holdings Corp.			1,539		116,318
MGE Energy, Inc.			1,559		82,612
NextEra Energy, Inc.			16,813		1,182,458
Northeast Utilities			10,939		418,198
NV Energy, Inc.			7,959		143,342
OGE Energy Corp.			3,358		186,235
Otter Tail Corp.			1,095		26,127
Pepco Holdings, Inc.	†		7,066		133,547
Pinnacle West Capital Corp.			3,789		200,059
PNM Resources, Inc.			2,169		45,614
Portland General Electric Co.			1,100		29,744
PPL Corp.			16,345		474,822
Southern Co.			31,134		1,434,966
UIL Holdings Corp.			1,496		53,647
Unitil Corp.			420		11,432
UNS Energy Corp.			1,571		65,762
Westar Energy, Inc.			4,032		119,589
Xcel Energy, Inc.			16,552		458,656

					10,638,708


Electrical Equipment—0.6%
Active Power, Inc.	*		1,093		874
Acuity Brands, Inc.			1,873		118,542
American Superconductor Corp.	*†		1,147		4,760
AMETEK, Inc.			9,526		337,697
AZZ, Inc.			3,164		120,169
Babcock & Wilcox Co. (The)	*		5,852		149,051
Belden, Inc.			1,894		69,851
Brady Corp., Class A			2,402		70,331
Capstone Turbine Corp.	*†		34,249		34,249
Emerson Electric Co.			26,374		1,273,073
Encore Wire Corp.			1,400		40,964
Franklin Electric Co., Inc.			902		54,562
FuelCell Energy, Inc.	*†		93,986		82,708
General Cable Corp.	*		3,772		110,821
GrafTech International Ltd.	*		3,487		31,348
Hubbell, Inc., Class B			2,078		167,778
II-VI, Inc.	*†		1,364		25,943
LSI Industries, Inc.			1,083		7,299
Magnetek, Inc.	*		140		1,576
Orbit International Corp.	*		2,812		9,223
Powell Industries, Inc.	*		1,045		40,410
Regal-Beloit Corp.			1,272		89,651
Rockwell Automation, Inc.			4,331		301,221
Roper Industries, Inc.			2,980		327,472
Ultralife Corp.	*		416		1,294
Universal Security Instruments, Inc.	*		1,866		8,210


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Vicor Corp.	*		1,380	$	9,205

					3,488,282

Electronic Equipment, Instruments & Components—0.6%
Agilysys, Inc.	*		1,335		11,481
Amphenol Corp., Class A			5,423		319,306
Anixter International, Inc.			1,723		99,004
Arrow Electronics, Inc.	*		4,585		154,560
Avnet, Inc.	*		5,129		149,203
AVX Corp.			2,270		21,769
Badger Meter, Inc.	†		1,134		41,266
Benchmark Electronics, Inc.	*		2,520		38,480
Brightpoint, Inc.	*		2,358		21,175
Checkpoint Systems, Inc.	*		1,441		11,931
Cognex Corp.			2,023		69,955
Coherent, Inc.	*		1,348		61,819
Corning, Inc.			52,776		694,004
CTS Corp.			1,580		15,911
Daktronics, Inc.			927		8,816
Dolby Laboratories, Inc., Class A	*		1,370		44,867
DTS, Inc.	*		755		17,576
Echelon Corp.	*†		1,769		6,793
Electro Rent Corp.			950		16,806
Electro Scientific Industries, Inc.			1,421		17,365
FARO Technologies, Inc.	*		453		18,718
FEI Co.			1,368		73,188
FLIR Systems, Inc.			5,608		112,020
Frequency Electronics, Inc.	*		821		7,020
ID Systems, Inc.	*		2,016		11,612
Identive Group, Inc.	*		1,494		1,285
Ingram Micro, Inc., Class A	*		1,030		15,687
Insight Enterprises, Inc.	*		2,054		35,904
Iteris, Inc.	*		4,263		6,480
Itron, Inc.	*		955		41,208
Jabil Circuit, Inc.			8,287		155,133
Lightpath Technologies, Inc., Class A	*†		1,526		1,518
Littelfuse, Inc.			909		51,395
LRAD Corp.	*†		3,686		5,087
Maxwell Technologies, Inc.	*		370		3,004
Mercury Computer Systems, Inc.	*		963		10,227
Mesa Laboratories, Inc.			1,200		58,056
Methode Electronics, Inc.			1,383		13,429
Molex, Inc.	†		1,611		42,337
MTS Systems Corp.			1,342		71,864
National Instruments Corp.			5,121		128,896
Newport Corp.	*		1,614		17,851
OSI Systems, Inc.	*		867		67,487
Park Electrochemical Corp.			1,086		26,965
PC Connection, Inc.			854		9,830
Planar Systems, Inc.	*		785		1,060
Plexus Corp.	*		1,884		57,066
Power-One, Inc.	*†		3,459		19,370
Pulse Electronics Corp.			1,866		1,530
Radisys Corp.	*		961		3,460
Research Frontiers, Inc.	*†		752		3,346
Rofin-Sinar Technologies, Inc.	*		2,200		43,406
Rogers Corp.	*		803		34,015
Sanmina-SCI Corp.	*		3,577		30,369
ScanSource, Inc.	*		1,126		36,055
Sigmatron International, Inc.	*		282		1,227
SYNNEX Corp.	*		104		3,388
Tech Data Corp.	*		2,057		93,182
Trimble Navigation Ltd.	*		4,318		205,796


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
TTM Technologies, Inc.	*†		1,639	$	15,456
Universal Display Corp.	*†		1,350		46,413
Vishay Intertechnology, Inc.	*†		6,172		60,671
Vishay Precision Group, Inc.	*		440		6,151
Wayside Technology Group, Inc.			1,787		22,284
Zygo Corp.	*		967		17,686

					3,510,219

Energy Equipment & Services—1.8%
Atwood Oceanics, Inc.	*		1,298		58,994
Baker Hughes, Inc.			13,177		595,996
Basic Energy Services, Inc.	*		1,600		17,952
Bristow Group, Inc.			982		49,640
Cal Dive International, Inc.	*†		4,816		7,368
Cameron International Corp.	*		9,319		522,516
CARBO Ceramics, Inc.	†		1,137		71,540
Dawson Geophysical Co.	*		924		23,340
Diamond Offshore Drilling, Inc.			1,577		103,782
Dresser-Rand Group, Inc.	*		2,924		161,142
Dril-Quip, Inc.	*		880		63,254
Exterran Holdings, Inc.	*†		2,465		49,990
FMC Technologies, Inc.	*		8,237		381,373
Gulfmark Offshore, Inc., Class A	*		1,000		33,040
Halliburton Co.			32,022		1,078,821
Helix Energy Solutions Group, Inc.	*		3,853		70,394
Helmerich & Payne, Inc.	†		3,926		186,917
Hercules Offshore, Inc.	*		5,226		25,503
Hornbeck Offshore Services, Inc.	*†		1,800		65,970
ION Geophysical Corp.	*		6,136		42,584
Key Energy Services, Inc.	*		7,257		50,799
Lufkin Industries, Inc.	†		2,000		107,640
Matrix Service Co.	*		468		4,947
McDermott International, Inc.	*		11,704		143,023
Mitcham Industries, Inc.	*		1,100		17,523
Nabors Industries Ltd. (Bermuda)	*		10,988		154,162
National Oilwell Varco, Inc.			16,517		1,323,177
Newpark Resources, Inc.	*†		3,484		25,816
Oceaneering International, Inc.			4,464		246,636
Oil States International, Inc.	*		2,026		160,986
OYO Geospace Corp.	*		550		67,326
Parker Drilling Co.	*		3,755		15,884
Patterson-UTI Energy, Inc.	†		6,712		106,318
PHI, Inc.	*		774		24,350
Pioneer Energy Services Corp.	*		2,700		21,033
Rowan Cos. plc, Class A	*		3,918		132,311
Schlumberger Ltd.			52,043		3,764,270
SEACOR Holdings, Inc.	*		713		59,436
Superior Energy Services, Inc.	*		4,034		82,778
Tesco Corp.	*		3,185		34,016
TETRA Technologies, Inc.	*		2,352		14,230
Tidewater, Inc.			78		3,785
Unit Corp.	*		1,702		70,633

					10,241,195


Food & Staples Retailing—2.1%
Andersons, Inc. (The)	†		700		26,362
Arden Group, Inc., Class A			260		25,225
Casey’s General Stores, Inc.			1,608		91,881
Costco Wholesale Corp.			13,209		1,322,551
CVS Caremark Corp.			46,763		2,264,265
Harris Teeter Supermarkets, Inc.			1,967		76,398
Kroger Co. (The)			14,687		345,732
Nash Finch Co.			674		13,763
Pantry, Inc. (The)	*		1,200		17,460


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Rite Aid Corp.	*		25,982	$	30,399
Safeway, Inc.	†		8,825		141,994
SUPERVALU, Inc.	†		8,154		19,651
Sysco Corp.			22,511		703,919
United Natural Foods, Inc.	*†		1,912		111,757
Walgreen Co.			31,202		1,137,001
Wal-Mart Stores, Inc.			63,901		4,715,894
Weis Markets, Inc.			382		16,170
Whole Foods Market, Inc.			5,036		490,506

					11,550,928

Food Products—1.6%
Archer-Daniels-Midland Co.			23,265		632,343
Bunge Ltd.			4,700		315,135
Campbell Soup Co.	†		5,629		196,002
Chiquita Brands International, Inc.	*†		2,150		16,426
ConAgra Foods, Inc.			14,190		391,502
Darling International, Inc.	*		3,150		57,614
Dean Foods Co.	*		6,281		102,694
Farmer Bros. Co.	*†		930		8,844
Flowers Foods, Inc.			6,210		125,318
Fresh Del Monte Produce, Inc.			567		14,515
General Mills, Inc.			21,313		849,323
Green Mountain Coffee Roasters, Inc.	*†		4,435		105,331
Griffin Land & Nurseries, Inc.	†		650		21,925
H.J. Heinz Co.			10,532		589,265
Hain Celestial Group, Inc. (The)	*		1,426		89,838
Hershey Co. (The)			6,664		472,411
Hillshire Brands Co.			4,327		115,877
Hormel Foods Corp.	†		6,390		186,844
Ingredion, Inc.			3,164		174,526
Inventure Foods, Inc.	*		5,272		29,998
J&J Snack Foods Corp.			761		43,628
J.M. Smucker Co. (The)			4,592		396,427
Kellogg Co.			8,673		448,047
Kraft Foods, Inc., Class A			59,086		2,443,206
Lancaster Colony Corp.			1,389		101,744
McCormick & Co., Inc.			4,101		254,426
Mead Johnson Nutrition Co.			4,802		351,891
Post Holdings, Inc.	*		1,156		34,749
Ralcorp Holdings, Inc.	*		2,312		168,776
Sanderson Farms, Inc.	†		864		38,336
Smithfield Foods, Inc.	*		4,682		92,001
Snyders-Lance, Inc.			1,370		34,250
Tootsie Roll Industries, Inc.	†		661		17,834
TreeHouse Foods, Inc.	*		1,256		65,940
Tyson Foods, Inc., Class A			10,231		163,901

					9,150,887

Gas Utilities—0.3%
AGL Resources, Inc.			3,698		151,285
Atmos Energy Corp.			2,732		97,778
Chesapeake Utilities Corp.			949		44,945
Delta Natural Gas Co., Inc.			760		14,714
Laclede Group, Inc. (The)			1,025		44,075
National Fuel Gas Co.			3,639		196,652
New Jersey Resources Corp.			1,681		76,855
Northwest Natural Gas Co.	†		1,183		58,251
ONEOK, Inc.			7,816		377,591
Piedmont Natural Gas Co., Inc.	†		2,740		88,995
Questar Corp.			7,412		150,686
South Jersey Industries, Inc.			2,014		106,601
Southwest Gas Corp.			1,252		55,338


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
UGI Corp.			2,720	$	86,360
WGL Holdings, Inc.			2,315		93,179

					1,643,305

Health Care Equipment & Supplies—1.7%
Abaxis, Inc.	*		749		26,904
ABIOMED, Inc.	*†		886		18,597
Alere, Inc.	*		3,011		58,684
Align Technology, Inc.	*†		2,449		90,540
Analogic Corp.			593		46,355
Baxter International, Inc.			19,308		1,163,500
Becton Dickinson and Co.			7,370		578,987
Biolase, Inc.	*†		813		1,390
Boston Scientific Corp.	*		53,540		307,320
C.R. Bard, Inc.			2,876		300,973
CareFusion Corp.	*		6,833		193,989
Cerus Corp.	*†		1,010		3,434
Conceptus, Inc.	*		1,047		21,265
CONMED Corp.			1,362		38,817
Cooper Cos., Inc. (The)			1,627		153,686
CryoLife, Inc.			937		6,297
Cyberonics, Inc.	*		956		50,114
DENTSPLY International, Inc.	†		5,668		216,178
Edwards Lifesciences Corp.	*		4,494		482,521
Greatbatch, Inc.	*		942		22,919
Haemonetics Corp.	*		1,157		92,791
Hill-Rom Holdings, Inc.			1,576		45,799
Hologic, Inc.	*		9,792		198,190
ICU Medical, Inc.	*†		605		36,590
IDEXX Laboratories, Inc.	*†		1,985		197,210
Integra LifeSciences Holdings Corp.	*		1,190		48,909
Intuitive Surgical, Inc.	*		1,260		624,494
Invacare Corp.			1,333		18,849
Masimo Corp.	*†		1,500		36,270
Medtronic, Inc.			39,854		1,718,504
Meridian Bioscience, Inc.	†		1,158		22,210
Merit Medical Systems, Inc.	*		3,149		47,015
NuVasive, Inc.	*		990		22,681
OraSure Technologies, Inc.	*		1,687		18,759
Palomar Medical Technologies, Inc.	*		1,116		10,535
ResMed, Inc.	†		6,068		245,572
RTI Biologics, Inc.	*		807		3,365
Spectranetics Corp.	*		1,045		15,414
St. Jude Medical, Inc.			11,448		482,304
Staar Surgical Co.	*		848		6,411
STERIS Corp.			2,777		98,500
Stryker Corp.	†		10,105		562,444
SurModics, Inc.	*		9		182
Teleflex, Inc.			1,322		91,006
Theragenics Corp.	*		488		839
ThermoGenesis Corp.	*		1,079		1,165
Thoratec Corp.	*		2,306		79,788
Urologix, Inc.	*†		1,050		819
Varian Medical Systems, Inc.	*		4,761		287,184
Volcano Corp.	*		1,970		56,283
West Pharmaceutical Services, Inc.			1,704		90,431
Wright Medical Group, Inc.	*		1,309		28,942
Young Innovations, Inc.			677		26,471
Zimmer Holdings, Inc.			6,941		469,350

					9,467,746

Health Care Providers & Services—2.1%
Aetna, Inc.			12,020		475,992
Alliance HealthCare Services, Inc.	*		1,429		2,015


Vantagepoint Broad Market Index Fund
				Shares		Value
COMMON STOCKS—(Continued)
Almost Family, Inc.		*			422	$	8,980
Amedisys, Inc.		*	†		1,698		23,449
AMERIGROUP Corp.		*			1,157		105,784
AmerisourceBergen Corp.					11,686		452,365
AMN Healthcare Services, Inc.		*			1,507		15,160
Amsurg Corp.		*			1,423		40,385
BioScrip, Inc.		*			1,095		9,975
Brookdale Senior Living, Inc.		*			2,200		51,084
Cardinal Health, Inc.					13,667		532,603
CardioNet, Inc.		*			1,151		2,901
Catamaran Corp.		*			1,202		117,760
Centene Corp.		*			1,972		73,773
Chemed Corp.	†				1,162		80,515
Chindex International, Inc.		*	†		822		8,491
Cigna Corp.					7,259		342,407
Community Health Systems, Inc.		*			4,282		124,777
Coventry Health Care, Inc.					5,198		216,705
Cross Country Healthcare, Inc.		*			1,339		6,320
DaVita, Inc.		*			3,507		363,360
Express Scripts Holding Co.		*			30,253		1,895,955
Gentiva Health Services, Inc.		*			1,474		16,686
Hanger, Inc.		*			1,083		30,898
HCA Holdings, Inc.					3,319		110,357
Health Management Associates, Inc., Class A		*			9,953		83,506
Health Net, Inc.		*			3,209		72,235
Healthways, Inc.		*			1,362		15,949
Henry Schein, Inc.		*			3,652		289,494
HMS Holdings Corp.		*			4,230		141,409
Humana, Inc.					4,622		324,233
Kindred Healthcare, Inc.		*			2,148		24,444
Laboratory Corp. of America Holdings		*			3,138		290,171
Landauer, Inc.					598		35,713
LCA-Vision, Inc.		*			616		2,489
LifePoint Hospitals, Inc.		*			2,149		91,934
Magellan Health Services, Inc.		*			1,400		72,254
McKesson Corp.					9,930		854,278
MEDNAX, Inc.		*	†		2,182		162,450
National Healthcare Corp.					431		20,576
National Research Corp.					1,250		62,837
Omnicare, Inc.					4,277		145,290
Owens & Minor, Inc.	†				2,434		72,728
Patterson Cos., Inc.					5,546		189,895
PDI, Inc.		*			703		5,603
PharMerica Corp.		*			1,365		17,281
PSS World Medical, Inc.		*			3,574		81,416
Psychemedics Corp.					302		3,669
Quest Diagnostics, Inc.					3,899		247,314
Sun Healthcare Group, Inc.		*			694		5,875
Sunrise Senior Living, Inc.		*			1,950		27,826
Tenet Healthcare Corp.		*			19,289		120,942
U.S. Physical Therapy, Inc.					1,300		35,919
UnitedHealth Group, Inc.					37,545		2,080,368
Universal American Corp.		*			1,812		16,743
Universal Health Services, Inc., Class B					2,466		112,770
VCA Antech, Inc.		*			3,442		67,911
WellCare Health Plans, Inc.		*			1,500		84,825
WellPoint, Inc.					12,343		716,017

							11,685,061

Health Care Technology—0.1%
Allscripts Healthcare Solutions, Inc.		*			4,515		56,121


Vantagepoint Broad Market Index Fund
				Shares		Value
COMMON STOCKS—(Continued)
Authentidate Holding Corp.		*			511	$	654
Cerner Corp.		*			6,088		471,272
Mediware Information Systems, Inc.		*			1,088		23,838
Omnicell, Inc.		*			783		10,884
Quality Systems, Inc.					1,536		28,493

							591,262

Hotels, Restaurants & Leisure—2.1%
Ameristar Casinos, Inc.					300		5,340
Bally Technologies, Inc.		*			1,971		97,348
Biglari Holdings, Inc.		*			63		22,999
Bob Evans Farms, Inc.					1,465		57,325
Boyd Gaming Corp.		*	†		2,619		18,490
Brinker International, Inc.					2,003		70,706
Buffalo Wild Wings, Inc.		*	†		867		74,337
Carnival Corp.					11,468		417,894
CEC Entertainment, Inc.					1,614		48,614
Cheesecake Factory, Inc. (The)					3,444		123,123
Chipotle Mexican Grill, Inc.		*			1,003		318,493
Choice Hotels International, Inc.					1,616		51,696
Churchill Downs, Inc.					638		40,015
Cracker Barrel Old Country Store, Inc.					2,120		142,273
Darden Restaurants, Inc.	†				3,930		219,098
DineEquity, Inc.		*			1,079		60,424
Dover Downs Gaming & Entertainment, Inc.					1,710		4,258
Dover Motorsports, Inc.		*			1,645		2,287
Gaylord Entertainment Co. REIT		*			1,772		70,047
International Game Technology	†				7,153		93,633
International Speedway Corp., Class A					1,190		33,760
Interval Leisure Group, Inc.					1,886		35,702
Isle of Capri Casinos, Inc.		*			1,250		8,687
Jack in the Box, Inc.		*			2,874		80,788
Krispy Kreme Doughnuts, Inc.		*			2,573		20,404
Las Vegas Sands Corp.					18,613		863,085
Life Time Fitness, Inc.		*	†		1,774		81,143
Marcus Corp.	†				1,505		16,705
Marriott International, Inc., Class A	†				10,755		420,520
Marriott Vacations Worldwide Corp.		*			1,075		38,721
McDonald’s Corp.					37,036		3,398,053
MGM Resorts International		*			8,952		96,234
Morgans Hotel Group Co.		*			2,300		14,766
Multimedia Games Holding Co., Inc.		*			1,202		18,907
Orient-Express Hotels Ltd., Class A (Bermuda)		*			1,577		14,035
Panera Bread Co., Class A		*			1,250		213,612
Papa John’s International, Inc.		*			1,610		85,990
Peet’s Coffee & Tea, Inc.		*			637		46,718
Penn National Gaming, Inc.		*			2,586		111,457
Pinnacle Entertainment, Inc.		*			1,629		19,955
Red Robin Gourmet Burgers, Inc.		*			692		22,532
Royal Caribbean Cruises Ltd.					7,613		229,989
Ruby Tuesday, Inc.		*			2,816		20,416
Scientific Games Corp., Class A		*			2,517		20,816
Shuffle Master, Inc.		*	†		1,527		24,142
Sonic Corp.		*			3,730		38,307
Speedway Motorsports, Inc.					149		2,295
Starbucks Corp.					24,221		1,229,216
Starwood Hotels & Resorts Worldwide, Inc.					7,939		460,144


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Texas Roadhouse, Inc.			3,070	$	52,497
Vail Resorts, Inc.	†		1,491		85,956
Wendy’s Co. (The)	†		25,109		114,246
WMS Industries, Inc.	*		564		9,238
Wyndham Worldwide Corp.			6,992		366,940
Wynn Resorts Ltd.			2,554		294,834
Yum! Brands, Inc.			14,951		991,849

					11,521,059

Household Durables—0.4%
American Greetings Corp., Class A	†		2,760		46,368
Bassett Furniture Industries, Inc.			1,139		14,181
Beazer Homes USA, Inc.	*†		34,087		121,009
Blyth, Inc.			920		23,911
D.R. Horton, Inc.	†		3,903		80,558
Ethan Allen Interiors, Inc.	†		1,551		33,998
Furniture Brands International, Inc.	*		2,341		3,394
Harman International Industries, Inc.			2,728		125,924
Helen of Troy Ltd. (Bermuda)	*		1,333		42,429
Hovnanian Enterprises, Inc., Class A	*†		15,517		53,689
Jarden Corp.			2,055		108,586
KB Home	†		3,248		46,609
Kid Brands, Inc.	*		1,156		1,769
La-Z-Boy, Inc.	*		2,404		35,171
Leggett & Platt, Inc.			2,928		73,346
Lennar Corp., Class A	†		5,675		197,320
M/I Homes, Inc.	*		610		11,797
MDC Holdings, Inc.			1,091		42,014
Meritage Homes Corp.	*		1,300		49,439
Mohawk Industries, Inc.	*		868		69,457
NACCO Industries, Inc., Class A			309		38,752
Newell Rubbermaid, Inc.			3,792		72,389
NVR, Inc.	*		112		94,584
PulteGroup, Inc.	*		13,539		209,855
Ryland Group, Inc. (The)			1,852		55,560
Skyline Corp.	*		720		3,895
Standard Pacific Corp.	*†		2,568		17,360
Tempur-Pedic International, Inc.	*		1,346		40,232
Toll Brothers, Inc.	*†		4,132		137,306
Tupperware Brands Corp.			2,427		130,063
Universal Electronics, Inc.	*		639		11,234
Whirlpool Corp.			1,858		154,047

					2,146,246

Household Products—1.9%
Central Garden and Pet Co., Class A	*		1,230		14,859
Church & Dwight Co., Inc.			5,138		277,401
Clorox Co. (The)			4,503		324,441
Colgate-Palmolive Co.			16,371		1,755,299
Energizer Holdings, Inc.			1,856		138,476
Kimberly-Clark Corp.			13,185		1,131,009
Procter & Gamble Co. (The)			102,376		7,100,799
WD-40 Co.			949		49,955

					10,792,239

Independent Power Producers & Energy Traders—0.1%
AES Corp. (The)	*		26,935		295,477
Calpine Corp.	*		16,000		276,800
CollabRx, Inc.	*		62		219
Genie Energy Ltd., Class B			1,600		11,472
GenOn Energy, Inc.	*		15,396		38,952


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
NRG Energy, Inc.			8,000	$	171,120

					794,040

Industrial Conglomerates—2.2%
3M Co.			24,174		2,234,161
Carlisle Cos., Inc.			2,452		127,308
Danaher Corp.			16,656		918,579
General Electric Co.			395,685		8,986,006
Seaboard Corp.	*		18		40,682
Standex International Corp.	†		724		32,182

					12,338,918

Insurance—3.4%
Aflac, Inc.			19,465		931,984
Alleghany Corp.	*		66		22,766
Allstate Corp. (The)			18,288		724,388
Alterra Capital Holdings Ltd. (Bermuda)			1,915		45,845
American Equity Investment Life Holding Co.	†		4,302		50,032
American Financial Group, Inc.			2,657		100,700
American International Group, Inc.	*		14,067		461,257
American National Insurance Co.			945		67,879
Arch Capital Group Ltd. (Bermuda)	*		4,284		178,557
Argo Group International Holdings Ltd. (Bermuda)			899		29,119
Arthur J. Gallagher & Co.			3,230		115,699
Aspen Insurance Holdings Ltd. (Bermuda)			3,512		107,081
Assurant, Inc.			1,358		50,653
Assured Guaranty Ltd. (Bermuda)			7,538		102,668
Axis Capital Holdings Ltd. (Bermuda)			5,691		198,730
Baldwin & Lyons, Inc., Class B			945		22,595
Berkshire Hathaway, Inc., Class B	*		68,409		6,033,674
Brown & Brown, Inc.			5,036		131,289
Chubb Corp. (The)			8,118		619,241
Cincinnati Financial Corp.			6,036		228,704
CNA Financial Corp.			1,422		38,110
CNO Financial Group, Inc.			6,600		63,690
Crawford & Co., Class B	†		1,891		9,474
EMC Insurance Group, Inc.			341		7,161
Employers Holdings, Inc.			2,770		50,774
Endurance Specialty Holdings Ltd. (Bermuda)			2,698		103,873
Erie Indemnity Co., Class A			1,023		65,748
Everest Re Group Ltd. (Bermuda)			2,468		263,977
FBL Financial Group, Inc., Class A			1,275		42,330
Fidelity National Financial, Inc., Class A			8,236		176,168
First American Financial Corp.			3,159		68,456
Genworth Financial, Inc., Class A	*		16,181		84,627
Hanover Insurance Group, Inc. (The)			2,346		87,412
Hartford Financial Services Group, Inc.			15,915		309,388
HCC Insurance Holdings, Inc.			3,999		135,526
Hilltop Holdings, Inc.	*		1,180		14,998
Horace Mann Educators Corp.			2,000		36,220
Independence Holding Co.			1,056		10,634
Infinity Property & Casualty Corp.			810		48,916
Kansas City Life Insurance Co.			902		34,754
Kemper Corp.			1,906		58,533
Lincoln National Corp.			10,899		263,647


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Loews Corp.			6,027	$	248,674
Markel Corp.	*		152		69,690
Marsh & McLennan Cos., Inc.			15,676		531,887
MBIA, Inc.	*		5,212		52,798
Mercury General Corp.			1,109		42,863
MetLife, Inc.			32,137		1,107,441
Montpelier Re Holdings Ltd. (Bermuda)			3,734		82,633
National Financial Partners Corp.	*		1,495		25,266
Navigators Group, Inc. (The)	*		938		46,173
Old Republic International Corp.			10,195		94,813
PartnerRe Ltd. (Bermuda)			2,300		170,844
Phoenix Cos., Inc. (The)	*		210		6,441
Platinum Underwriters Holdings
Ltd. (Bermuda)			2,734		111,739
Presidential Life Corp.			1,144		15,936
Principal Financial Group, Inc.			10,891		293,404
ProAssurance Corp.			1,647		148,955
Progressive Corp. (The)	†		18,475		383,171
Protective Life Corp.			3,130		82,037
Prudential Financial, Inc.			17,746		967,334
Reinsurance Group of America, Inc.			1,440		83,333
RenaissanceRe Holdings Ltd. (Bermuda)			2,900		223,416
RLI Corp.	†		1,164		77,592
Safety Insurance Group, Inc.			850		38,998
Selective Insurance Group, Inc.			2,122		40,297
StanCorp Financial Group, Inc.			2,460		76,850
State Auto Financial Corp.			488		7,998
Stewart Information Services Corp.	†		1,239		24,953
Torchmark Corp.			5,434		279,036
Tower Group, Inc.	†		1,736		33,661
Travelers Cos., Inc. (The)			12,194		832,362
United Fire Group, Inc.			1,250		31,400
Unum Group			7,547		145,053
Validus Holdings Ltd. (Bermuda)			3,553		120,482
W.R. Berkley Corp.			2,501		93,762
White Mountains Insurance Group Ltd.			300		154,002

					18,942,571

Internet & Catalog Retail—0.9%
1-800-Flowers.com, Inc., Class A	*		793		2,958
Amazon.com, Inc.	*		13,403		3,408,651
dELiA*s, Inc.	*		925		1,286
Expedia, Inc.			3,588		207,530
Geeknet, Inc.	*		201		3,890
Hollywood Media Corp.	*		998		1,337
HSN, Inc.			1,886		92,508
Liberty Interactive Corp., Series A	*		16,418		303,733
Liberty Ventures, Series A	*		820		40,705
Netflix, Inc.	*†		1,859		101,204
Overstock.com, Inc.	*		770		7,977
priceline.com, Inc.	*		1,548		957,794
TripAdvisor, Inc.	*		3,588		118,153
Valuevision Media, Inc., Class A	*		1,741		4,091

					5,251,817

Internet Software & Services—2.1%
Akamai Technologies, Inc.	*		7,479		286,147
AOL, Inc.	*†		3,989		140,532
Autobytel, Inc.	*		276		1,057
Blucora, Inc.	*		1,323		23,563
CoStar Group, Inc.	*†		770		62,786


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
DealerTrack Holdings, Inc.	*		1,800	$	50,130
Digital River, Inc.	*		1,627		27,106
EarthLink, Inc.			5,814		41,396
eBay, Inc.	*		40,546		1,962,832
Equinix, Inc.	*		1,323		272,604
Facebook, Inc., Class A	*		14,600		316,090
Google, Inc., Class A	*		9,291		7,010,059
IAC/InterActiveCorp			2,481		129,161
Internap Network Services Corp.	*		1,297		9,144
Inuvo, Inc.	*		306		223
j2 Global, Inc.	†		1,614		52,971
Keynote Systems, Inc.			1,400		20,272
LivePerson, Inc.	*		3,333		60,361
Looksmart Ltd.	*		500		430
Monster Worldwide, Inc.	*†		4,681		34,312
Move, Inc.	*		1,840		15,861
NIC, Inc.			2,450		36,260
Rackspace Hosting, Inc.	*		2,666		176,196
RealNetworks, Inc.	*		1,461		12,155
Saba Software, Inc.	*		1,576		15,744
Stamps.com, Inc.	*		1,050		24,297
support.com, Inc.	*		1,562		6,607
United Online, Inc.			2,509		13,850
Unwired Planet, Inc.	*		2,570		4,934
ValueClick, Inc.	*		4,058		69,757
VeriSign, Inc.	*		8,080		393,415
Web.com Group, Inc.	*		308		5,529
WebMD Health Corp.	*		2,424		34,009
WebMediaBrands, Inc.	*		207		474
XO Group, Inc.	*		2,304		19,238
Yahoo! Inc.	*		43,481		694,609
Zix Corp.	*		1,015		2,913

					12,027,024

IT Services—3.4%
Acxiom Corp.	*		3,451		63,050
Alliance Data Systems Corp.	*†		1,955		277,512
Automatic Data Processing, Inc.			17,041		999,625
Broadridge Financial Solutions, Inc.			5,748		134,101
CACI International, Inc., Class A	*†		1,198		62,044
CIBER, Inc.	*		2,444		8,481
Cognizant Technology Solutions Corp., Class A	*		11,127		778,000
Computer Sciences Corp.			3,563		114,764
Convergys Corp.			5,933		92,970
CoreLogic, Inc.	*		3,159		83,808
CSG Systems International, Inc.	*		2,153		48,421
DST Systems, Inc.			2,518		142,418
Edgewater Technology, Inc.	*		1,533		5,994
Euronet Worldwide, Inc.	*		1,056		19,842
Fidelity National Information Services, Inc.			9,512		296,965
Fiserv, Inc.	*		3,747		277,390
Forrester Research, Inc.			963		27,706
Gartner, Inc.	*		1,179		54,340
Global Payments, Inc.			3,238		135,446
Hackett Group, Inc. (The)	*		1,140		4,765
iGATE Corp.	*		1,397		25,383
International Business Machines Corp.			41,470		8,602,952
Jack Henry & Associates, Inc.			3,591		136,099
Lender Processing Services, Inc.			4,048		112,899
Lionbridge Technologies, Inc.	*		1,165		4,101
Management Network Group, Inc.	*		320		710


Vantagepoint Broad Market Index Fund
			Shares		Value
COMMON STOCKS—(Continued)
Mantech International Corp., Class A	†			1,217	$	29,208
Mastercard, Inc., Class A				3,819		1,724,202
MAXIMUS, Inc.				2,104		125,651
ModusLink Global Solutions, Inc.		*		1,007		3,716
MoneyGram International, Inc.		*		468		6,992
NeuStar, Inc., Class A		*		3,140		125,694
Online Resources Corp.		*		700		2,051
Paychex, Inc.				9,849		327,873
Pfsweb, Inc.		*		1,209		3,494
SAIC, Inc.		†		8,529		102,689
Sapient Corp.		*		4,150		44,239
StarTek, Inc.		*		994		2,982
Syntel, Inc.				1,554		96,985
TeleTech Holdings, Inc.		*		2,738		46,683
Teradata Corp.		*		6,451		486,470
Total System Services, Inc.				6,935		164,359
Unisys Corp.		*†		1,371		28,544
VeriFone Systems, Inc.		*		3,103		86,419
Visa, Inc., Class A				18,831		2,528,627
Western Union Co. (The)				25,245		459,964
Wright Express Corp.		*		1,750		122,010

						19,028,638

Leisure Equipment & Products—0.1%
Arctic Cat, Inc.		*†		1,857		76,991
Brunswick Corp.				3,797		85,926
Callaway Golf Co.		†		2,881		17,689
Hasbro, Inc.		†		2,107		80,424
JAKKS Pacific, Inc.				765		11,146
LeapFrog Enterprises, Inc.		*		1,261		11,374
Mattel, Inc.				8,487		301,119
Nautilus, Inc.		*		1,359		3,561
Polaris Industries, Inc.				2,406		194,573
Steinway Musical Instruments, Inc.		*		683		16,638
Sturm Ruger & Co., Inc.		†		1,052		52,064

						851,505

Life Sciences Tools & Services—0.6%
Affymetrix, Inc.		*†		2,525		10,933
Agilent Technologies, Inc.				10,372		398,803
Albany Molecular Research, Inc.		*		1,371		4,757
Bio-Rad Laboratories, Inc., Class A		*		623		66,487
Bruker Corp.		*		1,667		21,821
Cambrex Corp.		*		1,258		14,756
Charles River Laboratories International, Inc.		*		2,755		109,098
Covance, Inc.		*		2,839		132,553
Enzo Biochem, Inc.		*		1,353		2,760
Furiex Pharmaceuticals, Inc.		*		394		7,517
Illumina, Inc.		*†		4,535		218,587
Life Technologies Corp.		*		7,474		365,329
Luminex Corp.		*		1,070		20,801
Mettler-Toledo International, Inc.		*†		913		155,886
PAREXEL International Corp.		*		2,306		70,933
PerkinElmer, Inc.				5,266		155,189
Sequenom, Inc.		*†		19,756		69,739
Techne Corp.				1,736		124,888
Thermo Fisher Scientific, Inc.				14,773		869,096
Waters Corp.		*		3,878		323,154

						3,143,087

Machinery—2.2%
Actuant Corp., Class A				2,022		57,870
AGCO Corp.		*		3,068		145,669


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Albany International Corp., Class A			1,437	$	31,571
American Railcar Industries, Inc.	*		1,200		34,008
Ampco-Pittsburgh Corp.			613		11,310
Astec Industries, Inc.	*		821		25,952
Barnes Group, Inc.			2,018		50,470
Blount International, Inc.	*		1,532		20,161
Briggs & Stratton Corp.	†		1,822		34,017
Caterpillar, Inc.			22,687		1,951,990
Chart Industries, Inc.	*†		1,070		79,020
CIRCOR International, Inc.			711		26,840
CLARCOR, Inc.			2,354		105,059
Crane Co.			2,467		98,507
Cummins, Inc.			5,514		508,446
Deere & Co.			15,887		1,310,519
Donaldson Co., Inc.			4,058		140,853
Dover Corp.			5,761		342,722
Eaton Corp.	†		11,582		547,365
EnPro Industries, Inc.	*		981		35,326
ESCO Technologies, Inc.			1,222		47,475
Federal Signal Corp.	*		2,159		13,645
Flow International Corp.	*		2,200		8,140
Flowserve Corp.			2,375		303,383
FreightCar America, Inc.			900		16,011
Gardner Denver, Inc.			1,836		110,913
Graco, Inc.			2,883		144,957
Harsco Corp.			3,646		74,852
Hurco Cos., Inc.	*		300		6,864
IDEX Corp.			3,304		138,008
Illinois Tool Works, Inc.			16,815		999,988
ITT Corp.			2,488		50,133
John Bean Technologies Corp.			1,164		19,008
Joy Global, Inc.			4,237		237,526
Kadant, Inc.	*		721		16,720
Kaydon Corp.			1,422		31,767
Kennametal, Inc.	†		3,196		118,508
Lincoln Electric Holdings, Inc.			3,754		146,594
Lindsay Corp.	†		808		58,152
Manitowoc Co., Inc. (The)	†		5,044		67,287
Meritor, Inc.	*		2,791		11,834
Middleby Corp.	*		984		113,790
Mueller Industries, Inc.			1,592		72,388
Mueller Water Products, Inc., Class A			3,000		14,700
Navistar International Corp.	*		2,436		51,375
Nordson Corp.			3,044		178,439
Oshkosh Corp.	*		2,868		78,669
PACCAR, Inc.			14,853		594,491
Pall Corp.			3,831		243,230
Parker Hannifin Corp.			5,068		423,583
Pentair, Inc.	†		3,618		161,037
Robbins & Myers, Inc.			2,604		155,198
Sauer-Danfoss, Inc.			1,531		61,562
Snap-on, Inc.			2,419		173,854
SPX Corp.			2,157		141,089
Stanley Black & Decker, Inc.			5,209		397,186
Tecumseh Products Co., Class A	*		712		3,688
Tennant Co.			1,280		54,810
Terex Corp.	*		4,124		93,120
Timken Co.			3,702		137,566
Titan International, Inc.	†		1,356		23,947
Toro Co. (The)			2,040		81,151
Trinity Industries, Inc.			3,051		91,438
Valmont Industries, Inc.			1,162		152,803


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Wabash National Corp.	*		6,441	$	45,924
Wabtec Corp.			1,737		139,464
Watts Water Technologies, Inc., Class A			1,225		46,342
Woodward, Inc.			2,448		83,183
Xylem, Inc.			4,977		125,172

					12,118,639

Marine—0.0%
Eagle Bulk Shipping, Inc.	*†		912		3,292
Genco Shipping & Trading Ltd.	*		2,042		7,515
Kirby Corp.	*		2,358		130,350
Matson, Inc.			1,466		30,654

					171,811

Media—3.1%
A.H. Belo Corp., Class A			944		4,560
AMC Networks, Inc., Class A	*		2,261		98,399
Arbitron, Inc.			1,298		49,194
Belo Corp., Class A			4,721		36,965
Cablevision Systems Corp., Class A			9,044		143,347
CBS Corp., Class B			23,133		840,422
Clear Channel Outdoor Holdings, Inc., Class A	*		2,500		14,950
Comcast Corp., Class A			71,429		2,555,015
Crown Media Holdings, Inc., Class A	*†		5,899		9,851
Cumulus Media, Inc., Class A	*		2,174		5,957
DIRECTV	*		21,514		1,128,624
Discovery Communications, Inc., Class A	*		5,451		325,043
DISH Network Corp., Class A			4,775		146,163
DreamWorks Animation SKG, Inc., Class A	*†		1,300		24,999
Emmis Communications Corp., Class A	*		1,175		2,362
Entercom Communications Corp., Class A	*†		2,183		14,975
Entravision Communications Corp., Class A			2,852		3,822
EW Scripps Co. (The), Class A	*		1,204		12,823
Gannett Co., Inc.			7,301		129,593
Gray Television, Inc.	*		1,838		4,191
Harris Interactive, Inc.	*		2,730		3,986
Harte-Hanks, Inc.			3,119		21,615
Interpublic Group of Cos., Inc. (The)			17,203		191,297
John Wiley & Sons, Inc., Class A			2,491		114,461
Journal Communications, Inc., Class A	*		3,900		20,280
Lamar Advertising Co., Class A	*†		3,479		128,932
Liberty Global, Inc., Series A	*		4,456		270,702
Liberty Media Corp. - Liberty Capital, Class A	*		4,301		448,035
LIN TV Corp., Class A	*		1,419		6,244
Live Nation Entertainment, Inc.	*		5,485		47,226
LodgeNet Interactive Corp.	*†		1,250		815
Madison Square Garden Co. (The), Class A	*		2,261		91,050
McClatchy Co. (The), Class A	*†		2,444		5,450
McGraw-Hill Cos., Inc. (The)			9,601		524,119
Media General, Inc., Class A	*†		952		4,931
Meredith Corp.	†		2,083		72,905
National CineMedia, Inc.			2,226		36,440


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
New Frontier Media, Inc.	*		3,808	$	5,065
New York Times Co. (The), Class A	*†		5,682		55,456
News Corp., Class A			50,315		1,234,227
Omnicom Group, Inc.			9,924		511,681
Radio Unica Communications Corp.	*‡d		1,900		—
Regal Entertainment Group, Class A	†		2,743		38,594
Salem Communications Corp., Class A			850		4,454
Scholastic Corp.	†		1,845		58,634
Scripps Networks Interactive, Inc., Class A			3,612		221,163
Sinclair Broadcast Group, Inc., Class A			2,049		22,969
Sirius XM Radio, Inc.	*†		169,893		441,722
Thomson Reuters Corp.			4,875		140,692
Time Warner Cable, Inc.			10,238		973,224
Time Warner, Inc.			34,296		1,554,638
Valassis Communications, Inc.	*†		2,236		55,207
Value Line, Inc.	†		573		5,592
Viacom, Inc., Class B			19,730		1,057,331
Virgin Media, Inc.	†		6,790		199,898
Walt Disney Co. (The)			61,815		3,231,688
Washington Post Co. (The), Class B	†		258		93,662
World Wrestling Entertainment, Inc., Class A	†		1,030		8,291

					17,453,931

Metals & Mining—1.0%
AK Steel Holding Corp.	†		5,009		24,043
Alcoa, Inc.			44,044		389,789
Allegheny Technologies, Inc.			3,760		119,944
AMCOL International Corp.	†		1,186		40,182
Carpenter Technology Corp.			1,882		98,466
Century Aluminum Co.	*		865		6,185
Cliffs Natural Resources, Inc.	†		4,448		174,050
Coeur d’Alene Mines Corp.	*		7,315		210,891
Commercial Metals Co.			4,080		53,856
Compass Minerals International, Inc.	†		1,915		142,840
Freeport-McMoRan Copper & Gold, Inc.			38,302		1,515,993
Hecla Mining Co.	†		20,609		134,989
Materion Corp.			1,122		26,704
Molycorp, Inc.	*†		1,566		18,009
Newmont Mining Corp.			16,854		943,993
Nucor Corp.			10,963		419,444
Reliance Steel & Aluminum Co.			2,966		155,270
Royal Gold, Inc.	†		1,153		115,139
RTI International Metals, Inc.	*†		1,363		32,630
Schnitzer Steel Industries, Inc., Class A			693		19,508
Southern Copper Corp.	†		8,793		302,127
Steel Dynamics, Inc.			8,080		90,738
Stillwater Mining Co.	*		3,727		43,941
SunCoke Energy, Inc.	*		1,473		23,745
Titanium Metals Corp.	†		5,344		68,564
United States Steel Corp.	†		5,607		106,926
Walter Energy, Inc.			1,840		59,726
Worthington Industries, Inc.			3,575		77,435

					5,415,127

Multiline Retail—0.7%
Big Lots, Inc.	*		1,874		55,433
Dillard’s, Inc., Class A			1,535		111,011


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Dollar Tree, Inc.	*		8,356	$	403,386
Family Dollar Stores, Inc.			3,743		248,161
Fred’s, Inc., Class A	†		1,781		25,344
J.C. Penney Co., Inc.	†		7,928		192,571
Kohl’s Corp.			8,292		424,716
Macy’s, Inc.			14,423		542,593
Nordstrom, Inc.			6,901		380,797
Saks, Inc.	*†		5,811		59,911
Sears Holdings Corp.	*†		3,097		171,853
Target Corp.			23,232		1,474,535
Tuesday Morning Corp.	*		1,816		11,895

					4,102,206

Multi-Utilities—1.1%
Alliant Energy Corp.			4,491		194,864
Ameren Corp.			8,429		275,375
Avista Corp.			1,759		45,277
Black Hills Corp.			2,041		72,598
CenterPoint Energy, Inc.			12,705		270,616
CH Energy Group, Inc.			694		45,256
CMS Energy Corp.			15,613		367,686
Consolidated Edison, Inc.			9,508		569,434
Dominion Resources, Inc.			18,948		1,003,107
DTE Energy Co.			5,654		338,901
Integrys Energy Group, Inc.	†		5,523		288,301
MDU Resources Group, Inc.			7,657		168,760
NiSource, Inc.			10,893		277,554
NorthWestern Corp.			1,449		52,497
PG&E Corp.			13,909		593,497
Public Service Enterprise Group, Inc.			19,188		617,470
SCANA Corp.	†		4,791		231,262
Sempra Energy			6,698		431,954
TECO Energy, Inc.			7,797		138,319
Vectren Corp.			3,706		105,992
Wisconsin Energy Corp.			9,128		343,852

					6,432,572

Office Electronics—0.1%
Xerox Corp.			37,010		271,653
Zebra Technologies Corp., Class A	*		2,988		112,170

					383,823

Oil, Gas & Consumable Fuels—8.8%
Adams Resources & Energy, Inc.			1,462		44,591
Alpha Natural Resources, Inc.	*		8,351		54,866
Anadarko Petroleum Corp.			17,995		1,258,210
Apache Corp.			13,575		1,173,830
Apco Oil and Gas International, Inc.			1,181		19,002
Arch Coal, Inc.			7,214		45,665
Berry Petroleum Co., Class A	†		2,902		117,908
BP Prudhoe Bay Royalty Trust			1,105		103,704
BPZ Resources, Inc.	*		4,003		11,449
Cabot Oil & Gas Corp.			6,150		276,135
Callon Petroleum Co.	*		779		4,791
Carrizo Oil & Gas, Inc.	*		1,800		45,018
Cheniere Energy, Inc.	*		6,673		103,765
Chesapeake Energy Corp.	†		24,112		454,993
Chevron Corp.			72,479		8,448,152
Cimarex Energy Co.			2,681		156,973
Clayton Williams Energy, Inc.	*		550		28,540
Comstock Resources, Inc.	*†		1,735		31,889
Concho Resources, Inc.	*		3,943		373,599
ConocoPhillips			48,498		2,773,116
CONSOL Energy, Inc.	†		7,662		230,243


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Contango Oil & Gas Co.	*		902	$	44,324
Continental Resources, Inc.	*		2,992		230,085
Cross Timbers Royalty Trust			575		18,164
Crosstex Energy, Inc.			2,100		29,463
Denbury Resources, Inc.	*		16,015		258,802
Devon Energy Corp.			14,461		874,891
DHT Holdings, Inc. (Jersey (Channel Islands))	*		347		2,172
Energen Corp.			2,644		138,572
EOG Resources, Inc.			7,506		841,047
EQT Corp.			5,288		311,992
Evergreen Energy, Inc.	*		416		16
EXCO Resources, Inc.	†		8,720		69,847
Exxon Mobil Corp.			176,155		16,109,375
Forest Oil Corp.	*†		3,820		32,279
FX Energy, Inc.	*		3,496		26,080
GMX Resources, Inc.	*†		1,297		1,038
Goodrich Petroleum Corp.	*†		1,566		19,794
Hess Corp.			10,275		551,973
HollyFrontier Corp.			5,470		225,747
Hugoton Royalty Trust			1,669		10,999
James River Coal Co.	*†		1,500		4,320
Kinder Morgan, Inc.			35,675		1,267,176
Kodiak Oil & Gas Corp.	*†		5,207		48,738
Marathon Oil Corp.			25,577		756,312
Marathon Petroleum Corp.			12,788		698,097
McMoRan Exploration Co.	*†		2,961		34,792
Murphy Oil Corp.			5,804		311,617
Newfield Exploration Co.	*		3,712		116,260
Noble Energy, Inc.			4,966		460,398
Occidental Petroleum Corp.			30,246		2,602,971
Overseas Shipholding Group, Inc.	†		1,587		10,474
PDC Energy, Inc.	*†		1,250		39,538
Peabody Energy Corp.			10,624		236,809
Penn Virginia Corp.			13,955		86,521
Petroquest Energy, Inc.	*		3,346		22,452
Phillips 66			25,224		1,169,637
Pioneer Natural Resources Co.			5,081		530,456
Plains Exploration & Production Co.	*		5,227		195,856
QEP Resources, Inc.			7,412		234,664
Quicksilver Resources, Inc.	*		3,960		16,196
Range Resources Corp.			5,516		385,403
Rentech, Inc.	*		49,300		121,278
Rosetta Resources, Inc.	*		3,400		162,860
SandRidge Energy, Inc.	*†		8,962		62,465
Ship Finance International Ltd. (Bermuda)	†		3,352		52,693
SM Energy Co.			2,262		122,397
Southwestern Energy Co.	*		12,344		429,324
Spectra Energy Corp.			23,691		695,568
Stone Energy Corp.	*		1,208		30,345
Sunoco, Inc.			2,777		130,047
Swift Energy Co.	*		1,142		23,845
Syntroleum Corp.	*†		1,246		947
Teekay Corp. (Bermuda)			1,691		52,759
Tesoro Corp.			6,846		286,847
Ultra Petroleum Corp.	*†		7,839		172,301
USEC, Inc.	*†		7,347		5,731
Vaalco Energy, Inc.	*		3,800		32,490
Valero Energy Corp.			22,004		697,087
Verenium Corp.	*		149		484
Warren Resources, Inc.	*		3,600		10,944
Western Refining, Inc.	†		2,500		65,450


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Whiting Petroleum Corp.	*		2,484	$	117,692
Williams Cos., Inc. (The)			24,207		846,519
World Fuel Services Corp.	†		1,920		68,371
WPX Energy, Inc.	*		8,069		133,865

					49,104,095

Paper & Forest Products—0.2%
Buckeye Technologies, Inc.			1,251		40,107
Clearwater Paper Corp.	*		924		38,170
Deltic Timber Corp.			724		47,248
Domtar Corp. (Canada)			1,388		108,667
International Paper Co.			14,370		521,918
Louisiana-Pacific Corp.	*		4,396		54,950
MeadWestvaco Corp.			2,983		91,280
Neenah Paper, Inc.			652		18,673
P.H. Glatfelter Co.			1,740		30,989
Schweitzer-Mauduit International, Inc.			1,448		47,770
Wausau Paper Corp.			1,903		17,622

					1,017,394

Personal Products—0.2%
Avon Products, Inc.			14,351		228,898
Elizabeth Arden, Inc.	*		1,017		48,043
Estee Lauder Cos., Inc. (The), Class A			7,494		461,406
Herbalife Ltd. (Cayman Islands)			1,696		80,390
Medifast, Inc.	*†		734		19,194
Nu Skin Enterprises, Inc., Class A	†		3,018		117,189
USANA Health Sciences, Inc.	*†		593		27,557

					982,677

Pharmaceuticals—5.4%
Abbott Laboratories			59,451		4,075,960
Allergan, Inc.			11,119		1,018,278
AVANIR Pharmaceuticals, Inc., Class A	*†		30,376		97,203
Biosante Pharmaceuticals, Inc.	*†		50		94
Bristol-Myers Squibb Co.			62,456		2,107,890
Columbia Laboratories, Inc.	*		1,819		1,801
Durect Corp.	*		1,900		2,736
Eli Lilly & Co.			35,287		1,672,957
Emisphere Technologies, Inc.	*		772		193
Endo Health Solutions, Inc.	*		4,151		131,670
Forest Laboratories, Inc.	*		9,208		327,897
Heska Corp.			446		4,023
Hi-Tech Pharmacal Co., Inc.	*		862		28,541
Hospira, Inc.	*		5,415		177,720
Johnson & Johnson	†		100,480		6,924,077
Medicines Co. (The)	*		2,018		52,085
Medicis Pharmaceutical Corp., Class A			2,564		110,944
Merck & Co., Inc.			105,830		4,772,933
Mylan, Inc.	*		10,972		267,717
Nektar Therapeutics	*†		2,368		25,290
Optimer Pharmaceuticals, Inc.	*†		2,592		36,599
Pain Therapeutics, Inc.	*		1,318		6,656
Par Pharmaceutical Cos., Inc.	*		1,362		68,073
Perrigo Co.			3,119		362,334
Pfizer, Inc.			288,580		7,171,213
Pozen, Inc.	*		1,014		6,723
Questcor Pharmaceuticals, Inc.	*†		4,217		78,014
Salix Pharmaceuticals Ltd.	*		2,346		99,330
Sciclone Pharmaceuticals, Inc.	*		1,700		9,435
ViroPharma, Inc.	*†		4,061		122,723


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Vivus, Inc.	*†		1,630	$	29,047
Watson Pharmaceuticals, Inc.	*		4,630		394,291
XenoPort, Inc.	*		1,939		22,221

					30,206,668

Professional Services—0.3%
Advisory Board Co. (The)	*†		1,900		90,877
Barrett Business Services, Inc.			2,203		59,701
CDI Corp.			1,131		19,261
Corporate Executive Board Co. (The)			1,507		80,820
CRA International, Inc.	*		986		17,038
Dun & Bradstreet Corp. (The)			1,546		123,092
Equifax, Inc.			2,521		117,428
FTI Consulting, Inc.	*		1,735		46,290
Heidrick & Struggles International, Inc.			865		11,020
Huron Consulting Group, Inc.	*		988		34,402
IHS, Inc., Class A	*		1,414		137,653
Insperity, Inc.			1,143		28,838
Kelly Services, Inc., Class A			1,173		14,780
Kforce, Inc.	*		297		3,502
Korn/Ferry International	*		1,624		24,896
Manpower, Inc.			3,593		132,222
Navigant Consulting, Inc.	*		2,313		25,559
On Assignment, Inc.	*		1,243		24,761
RCM Technologies, Inc.	*		1,593		8,666
Resources Connection, Inc.			2,060		27,007
Robert Half International, Inc.			3,922		104,443
Towers Watson & Co., Class A			1,600		84,880
TrueBlue, Inc.	*		2,485		39,064
Verisk Analytics, Inc., Class A	*		4,073		193,915

					1,450,115

Real Estate Investment Trusts (REITs)—3.5%
Acadia Realty Trust REIT			1,368		33,954
Agree Realty Corp. REIT			814		20,749
Alexander’s, Inc. REIT			78		33,344
Alexandria Real Estate Equities, Inc. REIT			1,245		91,532
American Campus Communities, Inc. REIT			5,751		252,354
American Capital Agency Corp. REIT			7,850		271,532
American Tower Corp. REIT			13,160		939,492
Annaly Capital Management, Inc. REIT	†		30,573		514,849
Anworth Mortgage Asset Corp. REIT			18,790		127,772
Apartment Investment & Management Co., Class A REIT			5,659		147,077
Ashford Hospitality Trust, Inc. REIT			4,200		35,280
Associated Estates Realty Corp. REIT			7,406		112,275
AvalonBay Communities, Inc. REIT			3,314		450,671
BioMed Realty Trust, Inc. REIT			6,210		116,251
Boston Properties, Inc. REIT			5,737		634,570
Brandywine Realty Trust REIT			6,105		74,420
BRE Properties, Inc. REIT			2,433		114,083
BRT Realty Trust REIT	*		421		2,736
Camden Property Trust REIT			2,058		132,720
Capital Trust, Inc., Class A REIT	*		523		1,972
Capstead Mortgage Corp. REIT			2,400		32,376


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
CBL & Associates Properties, Inc. REIT			10,788	$	230,216
Cedar Realty Trust, Inc. REIT	†		33,497		176,864
Chimera Investment Corp. REIT			42,645		115,568
Colonial Properties Trust REIT			1,962		41,300
CommonWealth REIT REIT			2,285		33,270
Corporate Office Properties Trust REIT			1,904		45,639
Cousins Properties, Inc. REIT			2,489		19,763
CubeSmart REIT			8,821		113,526
DCT Industrial Trust, Inc. REIT			6,576		42,547
DDR Corp. REIT	†		5,227		80,287
DiamondRock Hospitality Co. REIT			4,047		38,973
Digital Realty Trust, Inc. REIT	†		5,681		396,818
Douglas Emmett, Inc. REIT			4,212		97,171
Duke Realty Corp. REIT			5,609		82,452
DuPont Fabros Technology, Inc. REIT			4,666		117,816
EastGroup Properties, Inc. REIT			1,538		81,822
Entertainment Properties Trust REIT			2,733		121,427
Equity Lifestyle Properties, Inc. REIT			1,140		77,657
Equity One, Inc. REIT			2,619		55,156
Equity Residential REIT			11,387		655,094
Essex Property Trust, Inc. REIT			807		119,630
Extra Space Storage, Inc. REIT			3,500		116,375
Federal Realty Investment Trust REIT			2,295		241,663
FelCor Lodging Trust, Inc. REIT	*		19,456		92,221
First Industrial Realty Trust, Inc. REIT	*		6,729		88,419
First Potomac Realty Trust REIT			1,628		20,969
Franklin Street Properties Corp. REIT			2,200		24,354
General Growth Properties, Inc. REIT			21,432		417,495
Getty Realty Corp. REIT	†		1,747		31,359
Glimcher Realty Trust REIT			17,270		182,544
Gramercy Capital Corp. REIT	*		2,182		6,568
Hatteras Financial Corp. REIT			1,935		54,548
HCP, Inc. REIT			13,391		595,632
Health Care REIT, Inc. REIT			6,447		372,314
Healthcare Realty Trust, Inc. REIT			1,881		43,357
Healthcare Trust of America, Inc. REIT	†		11,331		110,817
Highwoods Properties, Inc. REIT	†		2,393		78,060
Home Properties, Inc. REIT			1,390		85,165
Hospitality Properties Trust REIT			2,923		69,509
Host Hotels & Resorts, Inc. REIT	†		21,796		349,826
Inland Real Estate Corp. REIT			2,302		18,991
Investors Real Estate Trust REIT	†		2,989		24,719
iStar Financial, Inc. REIT	*†		4,331		35,861
Kilroy Realty Corp. REIT			1,316		58,930
Kimco Realty Corp. REIT			15,341		310,962
Kite Realty Group Trust REIT			2,654		13,535
LaSalle Hotel Properties REIT			1,561		41,663
Lexington Realty Trust REIT	†		9,308		89,915
Liberty Property Trust REIT	†		3,372		122,201
LTC Properties, Inc. REIT			2,385		75,962
Macerich Co. (The) REIT			5,275		301,888
Mack-Cali Realty Corp. REIT			2,488		66,181
Medical Properties Trust, Inc. REIT			11,530		120,488


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
MFA Financial, Inc. REIT			10,801	$	91,808
Mid-America Apartment Communities, Inc. REIT			1,240		80,984
Mission West Properties, Inc. REIT			1,417		12,328
Monmouth Real Estate Investment Corp., Class A REIT			3,275		36,647
MPG Office Trust, Inc. REIT	*†		37,007		123,973
National Health Investors, Inc. REIT			979		50,360
National Retail Properties, Inc. REIT	†		2,356		71,858
Newcastle Investment Corp. REIT			754		5,678
NorthStar Realty Finance Corp. REIT	†		4,388		27,908
Omega Healthcare Investors, Inc. REIT			4,100		93,193
Parkway Properties, Inc. REIT			16,897		225,913
Pennsylvania Real Estate Investment Trust REIT			1,510		23,949
Plum Creek Timber Co., Inc. REIT	†		7,429		325,687
PMC Commercial Trust REIT			865		6,487
Post Properties, Inc. REIT			2,078		99,661
Potlatch Corp. REIT			1,618		60,465
Prologis, Inc. REIT			16,023		561,286
PS Business Parks, Inc. REIT			599		40,025
Public Storage REIT			6,057		842,953
RAIT Financial Trust REIT			7,882		41,381
Ramco-Gershenson Properties Trust REIT			1,275		15,976
Rayonier, Inc. REIT			5,004		245,246
Realty Income Corp. REIT	†		4,138		169,203
Redwood Trust, Inc. REIT	†		1,008		14,576
Regency Centers Corp. REIT			2,745		133,764
Rouse Properties, Inc. REIT			579		8,309
Sabra Health Care REIT, Inc. REIT			694		13,887
Saul Centers, Inc. REIT			987		43,823
Senior Housing Properties Trust REIT			3,680		80,150
Simon Property Group, Inc. REIT			11,699		1,776,025
SL Green Realty Corp. REIT			3,603		288,492
Sovran Self Storage, Inc. REIT			1,269		73,412
Strategic Hotels & Resorts, Inc. REIT	*		22,977		138,092
Sun Communities, Inc. REIT			1,061		46,811
Sunstone Hotel Investors, Inc. REIT	*		2,559		28,149
Tanger Factory Outlet Centers, Inc. REIT			2,442		78,950
Taubman Centers, Inc. REIT			2,083		159,829
UDR, Inc. REIT			6,077		150,831
Universal Health Realty Income Trust REIT	†		1,333		61,291
Ventas, Inc. REIT			12,494		777,752
Vornado Realty Trust REIT			7,702		624,247
Washington Real Estate Investment Trust REIT			1,834		49,188
Weingarten Realty Investors REIT	†		3,474		97,654
Weyerhaeuser Co. REIT			16,471		430,552

					19,474,249

Real Estate Management & Development—0.2%
Alexander & Baldwin, Inc.	*		1,466		43,291
Altisource Portfolio Solutions SA (Luxembourg)	*		1,119		96,514


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Brookfield Office Properties, Inc. (Canada)			15,325	$	253,782
CBRE Group, Inc.	*		6,900		127,029
Forest City Enterprises, Inc., Class A	*		9,240		146,454
Forestar Group, Inc.	*		1,502		25,023
Jones Lang LaSalle, Inc.			1,311		100,095
St. Joe Co. (The)	*†		3,582		69,849
Tejon Ranch Co.	*		858		25,774

					887,811

Road & Rail—0.8%
Amerco, Inc.			805		85,620
Arkansas Best Corp.			903		7,152
Avis Budget Group, Inc.	*		4,424		68,041
Con-way, Inc.			2,160		59,119
CSX Corp.			35,751		741,833
Dollar Thrifty Automotive Group, Inc.	*		1,057		91,885
Genesee & Wyoming, Inc., Class A	*		1,576		105,371
Heartland Express, Inc.			4,220		56,379
J.B. Hunt Transport Services, Inc.			1,317		68,537
Kansas City Southern			4,745		359,576
Knight Transportation, Inc.			3,879		55,470
Landstar System, Inc.			2,256		106,664
Norfolk Southern Corp.			12,299		782,585
Old Dominion Freight Line, Inc.	*		4,011		120,972
PAM Transportation Services, Inc.			338		3,368
Ryder System, Inc.			707		27,615
Saia, Inc.	*		1,662		33,473
Union Pacific Corp.			15,516		1,841,749
Werner Enterprises, Inc.			2,915		62,294

					4,677,703

Semiconductors & Semiconductor Equipment—2.0%
Advanced Energy Industries, Inc.	*		1,428		17,593
Advanced Micro Devices, Inc.	*†		21,447		72,276
Altera Corp.			9,504		322,993
Amkor Technology, Inc.	*†		7,211		31,728
ANADIGICS, Inc.	*†		61,077		84,897
Analog Devices, Inc.			7,450		291,965
Applied Materials, Inc.			43,119		481,424
Applied Micro Circuits Corp.	*		3,186		16,121
Atmel Corp.	*		18,733		98,536
ATMI, Inc.	*		1,559		28,951
Axcelis Technologies, Inc.	*†		4,095		4,300
AXT, Inc.	*		946		3,197
Broadcom Corp., Class A	*		18,226		630,255
Brooks Automation, Inc.			3,103		24,917
Cabot Microelectronics Corp.			1,049		36,862
Ceva, Inc.	*		692		9,951
Cirrus Logic, Inc.	*		2,946		113,097
Cohu, Inc.			859		8,066
Cree, Inc.	*†		3,097		79,066
Cymer, Inc.	*†		1,498		76,488
Cypress Semiconductor Corp.	*		4,876		52,271
Diodes, Inc.	*		2,400		40,824
DSP Group, Inc.	*		1,194		7,092
Entegris, Inc.	*		5,738		46,650
Exar Corp.	*		1,758		14,064
Fairchild Semiconductor International, Inc.	*		4,903		64,327
First Solar, Inc.	*†		2,540		56,248
FormFactor, Inc.	*		1,417		7,921


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
FSI International, Inc.	*		1,479	$	9,170
GigOptix, Inc.	*		827		1,580
Integrated Device Technology, Inc.	*		8,168		48,028
Integrated Silicon Solution, Inc.	*		1,269		11,751
Intel Corp.			189,338		4,294,186
International Rectifier Corp.	*		2,631		43,911
Intersil Corp., Class A			5,757		50,374
IXYS Corp.	*		1,329		13,184
KLA-Tencor Corp.			4,441		211,858
Kopin Corp.	*		2,431		9,141
Kulicke & Soffa Industries, Inc.	*		2,008		20,883
Lam Research Corp.	*		6,125		194,683
Lattice Semiconductor Corp.	*		4,395		16,833
Linear Technology Corp.			5,243		166,990
LSI Corp.	*		30,700		212,137
LTX-Credence Corp.	*		1,358		7,809
Marvell Technology Group Ltd. (Bermuda)			18,500		169,275
Mattson Technology, Inc.	*		1,760		1,707
Maxim Integrated Products, Inc.			5,913		157,404
MEMC Electronic Materials, Inc.	*		8,113		22,311
Micrel, Inc.			3,731		38,877
Microchip Technology, Inc.	†		3,565		116,718
Micron Technology, Inc.	*		35,271		211,097
Microsemi Corp.	*		2,474		49,653
Mindspeed Technologies, Inc.	*†		801		2,771
MIPS Technologies, Inc.	*		2,228		16,465
MKS Instruments, Inc.			2,455		62,578
MoSys, Inc.	*†		1,251		5,054
NVE Corp.	*		348		20,598
NVIDIA Corp.	*		20,184		269,255
OmniVision Technologies, Inc.	*		2,354		32,850
ON Semiconductor Corp.	*		10,008		61,749
PDF Solutions, Inc.	*†		974		13,305
Pericom Semiconductor Corp.	*		1,023		8,885
Photronics, Inc.	*		1,388		7,454
PLX Technology, Inc.	*		1,050		6,059
PMC—Sierra, Inc.	*		7,045		39,734
Power Integrations, Inc.			1,952		59,399
QuickLogic Corp.	*†		1,050		2,940
Rambus, Inc.	*		4,071		22,553
Ramtron International Corp.	*		1,920		5,914
RF Micro Devices, Inc.	*		8,143		32,165
Rudolph Technologies, Inc.	*		1,247		13,093
Semtech Corp.	*		2,970		74,695
Sigma Designs, Inc.	*		1,320		8,725
Silicon Image, Inc.	*		2,948		13,531
Silicon Laboratories, Inc.	*		2,124		78,078
Skyworks Solutions, Inc.	*		5,822		137,195
SunPower Corp.	*†		141		636
Teradyne, Inc.	*		7,938		112,878
Tessera Technologies, Inc.			1,560		21,341
Texas Instruments, Inc.			35,370		974,444
Transwitch Corp.	*		429		468
TriQuint Semiconductor, Inc.	*		4,918		24,836
Ultratech, Inc.	*		971		30,470
Veeco Instruments, Inc.	*†		1,294		38,846
Xilinx, Inc.			6,637		221,742

					11,222,346

Software—3.8%
Accelrys, Inc.	*		2,216		19,191
ACI Worldwide, Inc.	*		1,653		69,856
Activision Blizzard, Inc.			23,814		268,622


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Actuate Corp.	*		2,084	$	14,651
Adobe Systems, Inc.	*		17,358		563,441
Advent Software, Inc.	*		2,902		71,302
American Software, Inc., Class A			1,950		15,912
ANSYS, Inc.	*		2,396		175,866
Ariba, Inc.	*		2,075		92,960
Autodesk, Inc.	*		9,258		308,939
Blackbaud, Inc.			2,650		63,388
BMC Software, Inc.	*		2,708		112,355
CA, Inc.			11,593		298,694
Cadence Design Systems, Inc.	*†		10,745		138,234
Callidus Software, Inc.	*		172		848
Citrix Systems, Inc.	*		7,179		549,696
Compuware Corp.	*		7,505		74,375
Concur Technologies, Inc.	*†		2,083		153,580
Datawatch Corp.	*		3,500		70,945
Ebix, Inc.			2,802		66,155
Electronic Arts, Inc.	*		12,060		153,041
EPIQ Systems, Inc.			1,087		14,588
Evolving Systems, Inc.			527		3,246
FactSet Research Systems, Inc.	†		1,490		143,666
Fair Isaac Corp.			3,039		134,506
FalconStor Software, Inc.	*†		1,373		3,227
Informatica Corp.	*		3,171		110,383
Interactive Intelligence Group, Inc.	*†		950		28,547
Intuit, Inc.			8,244		485,407
JDA Software Group, Inc.	*		1,256		39,916
Kenexa Corp.	*		1,681		77,040
Manhattan Associates, Inc.	*		1,346		77,085
Mentor Graphics Corp.	*		2,745		42,493
MICROS Systems, Inc.	*		3,428		168,383
Microsoft Corp.			294,920		8,782,718
MicroStrategy, Inc., Class A	*		513		68,778
Netscout Systems, Inc.	*		1,250		31,887
Nuance Communications, Inc.	*†		4,541		113,025
Oracle Corp.			147,173		4,634,478
Parametric Technology Corp.	*		4,423		96,421
Pegasystems, Inc.	†		2,141		62,175
Progress Software Corp.	*		1,983		42,416
QAD, Inc., Class B	*		136		1,816
Quest Software, Inc.	*‡		3,847		107,716
Red Hat, Inc.	*		7,251		412,872
Rovi Corp.	*		3,917		56,836
Salesforce.com, Inc.	*		3,783		577,626
Scientific Learning Corp.	*		3,145		3,239
SeaChange International, Inc.	*		958		7,520
SolarWinds, Inc.	*		1,876		104,568
Solera Holdings, Inc.			1,099		48,213
Sonic Foundry, Inc.	*		120		958
Symantec Corp.	*		26,135		470,430
Synopsys, Inc.	*		6,501		214,663
Take-Two Interactive Software, Inc.	*		2,643		27,566
TeleCommunication Systems, Inc., Class A	*		1,200		2,592
THQ, Inc.	*		292		1,080
TIBCO Software, Inc.	*		4,452		134,584
TiVo, Inc.	*		2,696		28,119
Tyler Technologies, Inc.	*		1,886		83,022
Ultimate Software Group, Inc.	*		1,242		126,808
VASCO Data Security International, Inc.	*†		3,804		35,682
Versant Corp.	*		330		3,364
VMware, Inc., Class A	*		1,733		167,650


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Websense, Inc.	*		1,958	$	30,643

					21,090,003

Specialty Retail—2.3%
Aaron’s, Inc.			2,908		80,872
Abercrombie & Fitch Co., Class A			3,072		104,202
Advance Auto Parts, Inc.			1,752		119,907
Aeropostale, Inc.	*		2,075		28,075
American Eagle Outfitters, Inc.			3,552		74,876
America’s Car-Mart, Inc.	*		354		16,096
ANN, Inc.	*		2,733		103,116
Asbury Automotive Group, Inc.	*		1,342		37,509
Ascena Retail Group, Inc.	*		5,194		111,411
AutoNation, Inc.	*†		5,363		234,202
AutoZone, Inc.	*		1,460		539,718
Barnes & Noble, Inc.	*†		828		10,582
bebe stores, Inc.			790		3,792
Bed Bath & Beyond, Inc.	*		6,586		414,918
Best Buy Co., Inc.			9,299		159,850
Big 5 Sporting Goods Corp.			1,071		10,656
Brown Shoe Co., Inc.			1,791		28,710
Buckle, Inc. (The)	†		1,236		56,152
CarMax, Inc.	*		6,608		187,006
Casual Male Retail Group, Inc.	*†		1,930		8,936
Cato Corp. (The), Class A			1,761		52,319
Chico’s FAS, Inc.			7,236		131,044
Children’s Place Retail Stores, Inc. (The)	*		1,144		68,640
Christopher & Banks Corp.			1,528		5,363
Coldwater Creek, Inc.	*†		1,528		1,268
Collective Brands, Inc.	*		2,964		64,348
Destination Maternity Corp.			1,200		22,440
Dick’s Sporting Goods, Inc.	†		2,480		128,588
DSW, Inc., Class A			596		39,765
Finish Line, Inc. (The), Class A			1,917		43,593
Foot Locker, Inc.			5,840		207,320
GameStop Corp., Class A	†		1,010		21,210
Gap, Inc. (The)			12,606		451,043
Genesco, Inc.	*		921		61,458
Group 1 Automotive, Inc.	†		1,068		64,326
Guess?, Inc.	†		3,548		90,190
Haverty Furniture Cos., Inc.			1,111		15,421
Hibbett Sports, Inc.	*		1,396		82,992
Home Depot, Inc. (The)			47,382		2,860,451
Hot Topic, Inc.			1,824		15,869
JOS A. Bank Clothiers, Inc.	*†		865		41,935
Kirkland’s, Inc.	*		833		8,272
Limited Brands, Inc.			7,008		345,214
Lithia Motors, Inc., Class A			862		28,713
Lowe’s Cos., Inc.			43,085		1,302,890
MarineMax, Inc.	*		800		6,632
Men’s Wearhouse, Inc. (The)			2,437		83,906
Monro Muffler Brake, Inc.	†		1,487		52,328
Office Depot, Inc.	*		11,792		30,188
OfficeMax, Inc.			3,587		28,015
Orchard Supply Hardware Stores
Corp., Class A	*		140		2,027
O’Reilly Automotive, Inc.	*		5,478		458,070
Pacific Sunwear of California, Inc.	*†		3,025		7,563
Penske Automotive Group, Inc.			1,654		49,769
Pep Boys-Manny, Moe & Jack (The)	†		2,200		22,396
PetSmart, Inc.			3,546		244,603
Pier 1 Imports, Inc.			3,712		69,563


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
RadioShack Corp.	†		2,569	$	6,114
Rent-A-Center, Inc.			3,377		118,465
Ross Stores, Inc.			6,787		438,440
Sally Beauty Holdings, Inc.	*		3,659		91,804
Select Comfort Corp.	*		2,104		66,381
Signet Jewelers Ltd. (Bermuda)			3,344		163,053
Sonic Automotive, Inc., Class A	†		1,649		31,298
Stage Stores, Inc.			2,236		47,090
Staples, Inc.	†		22,960		264,499
Stein Mart, Inc.	*		1,261		10,731
Systemax, Inc.	*		1,358		16,038
Tiffany & Co.			3,221		199,316
TJX Cos., Inc.			24,012		1,075,498
Tractor Supply Co.			3,098		306,361
Trans World Entertainment Corp.	*		1,932		7,033
Urban Outfitters, Inc.	*		5,012		188,251
West Marine, Inc.	*		803		8,536
Wet Seal, Inc. (The), Class A	*		1,246		3,925
Williams-Sonoma, Inc.			3,877		170,472
Zale Corp.	*		2,300		15,870

					12,769,493

Textiles, Apparel & Luxury Goods—0.7%
Carter’s, Inc.	*		1,476		79,468
Charles & Colvard Ltd.	*		1,843		6,653
Cherokee, Inc.			994		14,473
Coach, Inc.			10,479		587,034
Columbia Sportswear Co.	†		652		35,208
Crocs, Inc.	*		3,600		58,356
Culp, Inc.			888		10,443
Deckers Outdoor Corp.	*†		1,935		70,898
Fifth & Pacific Cos., Inc.	*†		4,930		63,005
Fossil, Inc.	*		1,614		136,706
Hanesbrands, Inc.	*		4,099		130,676
Iconix Brand Group, Inc.	*		2,737		49,923
Jones Group, Inc. (The)			4,641		59,730
K-Swiss, Inc., Class A	*†		1,476		5,063
Movado Group, Inc.			1,678		56,582
NIKE, Inc., Class B			12,835		1,218,170
Oxford Industries, Inc.			936		52,837
PVH Corp.			1,267		118,743
Quiksilver, Inc.	*		4,288		14,236
Ralph Lauren Corp.			2,143		324,086
Skechers U.S.A., Inc., Class A	*		1,935		39,474
Steven Madden Ltd.	*		1,689		73,843
Under Armour, Inc., Class A	*†		3,874		216,286
Unifi, Inc.	*		876		11,230
V.F. Corp.			3,109		495,450
Warnaco Group, Inc. (The)	*		1,527		79,251
Wolverine World Wide, Inc.			2,589		114,874

					4,122,698

Thrifts & Mortgage Finance—0.2%
Astoria Financial Corp.			3,465		34,234
Bank Mutual Corp.			3,756		17,090
BBX Capital Corp., Class A	*		639		4,128
Beneficial Mutual Bancorp, Inc.	*		969		9,264
Brookline Bancorp, Inc.			3,765		33,207
Capitol Federal Financial, Inc.			4,787		57,253
CFS Bancorp, Inc.			1,873		10,227
Dime Community Bancshares, Inc.			1,638		23,653
Doral Financial Corp. (Puerto Rico)	*		221		208
Federal Home Loan Mortgage Corp.	*†		25,235		6,511


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Federal National Mortgage Association	*†		37,770	$	10,500
Flagstar Bancorp, Inc.	*		211		232
Hudson City Bancorp, Inc.			14,470		115,181
MGIC Investment Corp.	*†		4,084		6,248
NASB Financial, Inc.	*†		528		13,115
New York Community Bancorp, Inc.	†		12,640		178,982
Northwest Bancshares, Inc.			4,608		56,356
Ocwen Financial Corp.	*		3,358		92,043
People’s United Financial, Inc.			9,716		117,952
Provident Financial Services, Inc.			943		14,890
Provident New York Bancorp			3,670		34,535
Radian Group, Inc.			3,844		16,683
Riverview Bancorp, Inc.	*		2,600		3,432
TFS Financial Corp.	*		3,398		30,820
Tree.com, Inc.	*		314		4,920
Trustco Bank Corp.			3,435		19,648
Washington Federal, Inc.			3,379		56,362
Westfield Financial, Inc.			4,068		30,469

					998,143

Tobacco—1.6%
Alliance One International, Inc.	*†		2,000		6,460
Altria Group, Inc.			70,302		2,347,384
Lorillard, Inc.			4,458		519,134
Philip Morris International, Inc.			61,430		5,525,014
Reynolds American, Inc.			15,280		662,235
Universal Corp.	†		1,078		54,892
Vector Group Ltd.	†		3,046		50,533

					9,165,652

Trading Companies & Distributors—0.3%
Applied Industrial Technologies, Inc.			2,056		85,180
Beacon Roofing Supply, Inc.	*†		2,570		73,245
Fastenal Co.	†		11,276		484,755
GATX Corp.			1,766		74,949
H&E Equipment Services, Inc.			1,600		19,392
MSC Industrial Direct Co., Inc., Class A			1,782		120,214
United Rentals, Inc.	*†		2,798		91,523
W.W. Grainger, Inc.			2,301		479,459
Watsco, Inc.			553		41,912
WESCO International, Inc.	*		1,550		88,660
Willis Lease Finance Corp.	*		1,234		15,228

					1,574,517

Water Utilities—0.1%
American States Water Co.			1,261		56,026
American Water Works Co., Inc.			2,266		83,978
Aqua America, Inc.	†		4,329		107,186
California Water Service Group			1,930		35,994
Connecticut Water Service, Inc.			500		15,950
SJW Corp.	†		1,010		25,614

					324,748

Wireless Telecommunication Services—0.3%
Crown Castle International Corp.	*		11,170		715,997
Leap Wireless International, Inc.	*		3,300		22,506
MetroPCS Communications, Inc.	*		7,134		83,539
NII Holdings, Inc.	*†		5,995		47,061
NTELOS Holdings Corp.			1,350		23,449
SBA Communications Corp., Class A	*†		4,064		255,626


Vantagepoint Broad Market Index Fund
				Shares		Value
COMMON STOCKS—(Continued)
Shenandoah Telecommunications Co.			†		1,200	$	21,120
Sprint Nextel Corp.			*		88,755		489,928
Telephone & Data Systems, Inc.					445		11,396
United States Cellular Corp.			*		680		26,608

							1,697,230

TOTAL COMMON STOCKS (Cost $355,124,590)							549,577,507


Coupon Rate	Maturity Date			Face		Value
U.S. TREASURY OBLIGATIONS—0.1%
U.S. Treasury Bills—0.1%
U.S. Treasury Bill
0.099%		12/20/2012	‡‡
(Cost $589,870)				$	590,000		589,895


					Shares		Value
RIGHTS—0.0%
Machinery—0.0%
Gerber Scientific, Inc.			*†‡d		1,608		—

Pharmaceuticals—0.0%
Forest Laboratories, Inc.			*‡d		1,998		—

Textiles, Apparel & Luxury Goods—0.0%
Mossimo, Inc.			*‡d		2,806		—

TOTAL RIGHTS (Cost $–)							—

WARRANTS—0.0%
Diversified Financial Services—0.0%
Pegasus Wireless Corp. (Cost $–)			*‡d		540		—

MONEY MARKET FUNDS—6.8%
Institutional Money Market Funds—6.8%
Dreyfus Institutional Cash Advantage Fund, 0.13%			††¥		5,000,000		5,000,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%			¥		9,695,298		9,695,299
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%			††¥		3,421,333		3,421,333
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.16%			††¥		5,000,000		5,000,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.17%			††¥		5,000,000		5,000,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.17%			††¥		5,000,000		5,000,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.15%			††¥		5,000,000		5,000,000

TOTAL MONEY MARKET FUNDS (Cost $38,116,632)							38,116,632


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—98.3%
Aerospace & Defense—1.4%
AAR Corp.			6,897	$	113,249
Aerovironment, Inc.	*		8,991		211,019
Alliant Techsystems, Inc.			4,487		224,844
American Science & Engineering, Inc.			1,020		66,922
Astronics Corp.	*†		1,631		50,235
B/E Aerospace, Inc.	*		18,242		767,988
Ceradyne, Inc.			2,334		57,020
Cubic Corp.			2,063		103,274
Curtiss-Wright Corp.			9,576		313,135
DigitalGlobe, Inc.	*†		6,919		141,078
Ducommun, Inc.	*		6,327		86,047
Esterline Technologies Corp.	*		3,056		171,564
Exelis, Inc.			29,631		306,385
GenCorp, Inc.	*		22,028		209,046
GeoEye, Inc.	*		5,933		156,809
HEICO Corp., Class A			4,837		147,577
Hexcel Corp.	*		14,456		347,233
Huntington Ingalls Industries, Inc.	*		6,803		286,066
Innovative Solutions & Support, Inc.	*		3,094		12,314
Kratos Defense & Security Solutions, Inc.	*†		9,324		54,452
Moog, Inc., Class A	*		4,645		175,906
National Presto Industries, Inc.			656		47,809
Orbital Sciences Corp.	*		18,688		272,097
Spirit Aerosystems Holdings, Inc., Class A	*		16,921		375,815
Taser International, Inc.	*†		15,133		91,252
Teledyne Technologies, Inc.	*		4,308		273,084
TransDigm Group, Inc.	*		9,915		1,406,641
Triumph Group, Inc.			5,898		368,802

					6,837,663

Air Freight & Logistics—0.2%
Air T, Inc.			1,301		10,961
Air Transport Services Group, Inc.	*		25,035		110,154
Atlas Air Worldwide Holdings, Inc.	*		4,051		209,153
Forward Air Corp.			3,034		92,264
Hub Group, Inc., Class A	*		5,189		154,010
Pacer International, Inc.	*		3,711		14,770
UTi Worldwide, Inc.			16,303		219,601

					810,913

Airlines—0.7%
Alaska Air Group, Inc.	*		8,175		286,615
Allegiant Travel Co.	*		2,296		145,475
Delta Air Lines, Inc.	*		156,056		1,429,473
JetBlue Airways Corp.	*†		58,802		281,662
Republic Airways Holdings, Inc.	*		27,551		127,561
SkyWest, Inc.			6,829		70,544
United Continental Holdings, Inc.	*		55,843		1,088,938
US Airways Group, Inc.	*		22,444		234,764

					3,665,032

Auto Components—1.2%
American Axle & Manufacturing Holdings, Inc.	*		10,679		120,352
Autoliv, Inc. (Sweden)	†		16,119		998,895
Cooper Tire & Rubber Co.			9,129		175,094
Dana Holding Corp.			32,442		399,037
Drew Industries, Inc.	*		2,363		71,386
Exide Technologies	*		11,062		34,292
Federal-Mogul Corp.	*		5,840		53,436


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Fuel Systems Solutions, Inc.	*†		4,238	$	72,851
Gentex Corp.	†		28,535		485,380
Gentherm, Inc.	*		10,898		135,571
Lear Corp.			15,805		597,271
Modine Manufacturing Co.	*		10,902		80,457
Quantum Fuel Systems Technologies Worldwide, Inc.	*		67,128		53,024
Shiloh Industries, Inc.			5,043		56,583
Spartan Motors, Inc.	†		16,899		84,495
Standard Motor Products, Inc.			5,615		103,428
Strattec Security Corp.			502		10,688
Superior Industries International, Inc.			2,803		47,903
Tenneco, Inc.	*		8,885		248,780
TRW Automotive Holdings Corp.	*		19,520		853,219
Visteon Corp.	*		8,934		397,206
WABCO Holdings, Inc.	*		12,253		706,631

					5,785,979

Automobiles—0.8%
General Motors Co.	*		135,282		3,077,665
Tesla Motors, Inc.	*†		8,156		238,808
Thor Industries, Inc.			7,449		270,548
Winnebago Industries, Inc.	*†		7,884		99,575

					3,686,596

Beverages—0.1%
Boston Beer Co., Inc. (The), Class A	*†		1,904		213,191
Central European Distribution Corp. (Poland)	*		15,916		45,361
Coca-Cola Bottling Co. Consolidated	†		798		54,344
Jones Soda Co.	*		36,928		10,709
National Beverage Corp.	*		766		11,612

					335,217

Biotechnology—3.3%
Aastrom Biosciences, Inc.	*		9,842		15,944
Acorda Therapeutics, Inc.	*		6,390		163,648
Agenus, Inc.	*		3,197		14,738
Alkermes plc (Ireland)	*		17,553		364,225
Alnylam Pharmaceuticals, Inc.	*		6,491		121,966
AMAG Pharmaceuticals, Inc.	*		3,480		61,735
Arena Pharmaceuticals, Inc.	*†		33,880		281,882
Ariad Pharmaceuticals, Inc.	*		34,626		838,815
Arqule, Inc.	*		6,240		31,886
Array BioPharma, Inc.	*		17,505		102,579
Astex Pharmaceuticals	*†		17,702		54,345
AVEO Pharmaceuticals, Inc.	*†		10,510		109,409
BioCryst Pharmaceuticals, Inc.	*†		21,994		93,255
BioMarin Pharmaceutical, Inc.	*		18,803		757,197
BioMimetic Therapeutics, Inc.	*		7,095		29,160
Cell Therapeutics, Inc.	*†		20,705		50,313
Celldex Therapeutics, Inc.	*		10,060		63,378
Cepheid, Inc.	*		8,077		278,737
Codexis, Inc.	*†		13,873		42,035
Cubist Pharmaceuticals, Inc.	*		7,593		362,034
Cytokinetics, Inc.	*		69,212		57,654
CytRx Corp.	*†		29,055		105,470
Dendreon Corp.	*†		24,041		116,118
Discovery Laboratories, Inc.	*†		7,623		25,003
Dyax Corp.	*		22,226		57,788
Emergent Biosolutions, Inc.	*		4,839		68,762
Entremed, Inc.	*		126		227


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Enzon Pharmaceuticals, Inc.	*		7,159	$	49,827
Exact Sciences Corp.	*		11,980		131,900
Exelixis, Inc.	*†		35,337		170,324
Galena Biopharma, Inc.	*†		11,942		21,257
Genomic Health, Inc.	*		6,866		238,182
Geron Corp.	*†		36,667		62,334
GTx, Inc.	*		4,210		19,282
Halozyme Therapeutics, Inc.	*		18,837		142,408
Hemispherx Biopharma, Inc.	*†		54,952		43,962
Idenix Pharmaceuticals, Inc.	*		11,707		53,501
Idera Pharmaceuticals, Inc.	*		1,932		1,932
Immunogen, Inc.	*†		9,339		136,349
Immunomedics, Inc.	*†		12,320		43,243
Incyte Corp. Ltd.	*†		29,421		531,049
InterMune, Inc.	*		7,345		65,885
Isis Pharmaceuticals, Inc.	*†		15,742		221,490
Keryx Biopharmaceuticals, Inc.	*†		33,078		93,280
Lexicon Pharmaceuticals, Inc.	*†		34,034		78,959
Ligand Pharmaceuticals, Inc., Class B	*		3,990		68,428
MannKind Corp.	*†		21,902		63,078
Maxygen, Inc.			5,279		13,937
MediciNova, Inc.	*		3,130		5,947
Medivation, Inc.	*		13,562		764,354
Metabolix, Inc.	*†		8,606		14,372
Momenta Pharmaceuticals, Inc.	*		7,065		102,937
Myrexis, Inc.	*		58,092		141,164
Myriad Genetics, Inc.	*		17,432		470,490
Nabi Biopharmaceuticals	*		19,961		35,331
Neurocrine Biosciences, Inc.	*		8,240		65,755
Novavax, Inc.	*†		21,148		45,680
NPS Pharmaceuticals, Inc.	*		9,432		87,246
Onyx Pharmaceuticals, Inc.	*		13,102		1,107,119
Osiris Therapeutics, Inc.	*		4,513		49,869
PDL BioPharma, Inc.	†		38,667		297,349
Peregrine Pharmaceuticals, Inc.	*†		14,427		14,860
Pharmacyclics, Inc.	*		8,784		566,568
Progenics Pharmaceuticals, Inc.	*†		6,205		17,808
Regeneron Pharmaceuticals, Inc.	*		10,359		1,581,405
Repligen Corp.	*		9,025		53,789
Rigel Pharmaceuticals, Inc.	*		12,762		130,810
Sangamo Biosciences, Inc.	*†		10,702		65,068
Sarepta Therapeutics, Inc.	*†		8,651		134,350
Savient Pharmaceuticals, Inc.	*†		32,380		80,626
Seattle Genetics, Inc.	*†		20,977		565,330
SIGA Technologies, Inc.	*†		4,650		14,880
Spectrum Pharmaceuticals, Inc.	*†		8,460		98,982
StemCells, Inc.	*†		12,574		25,902
Synageva BioPharma Corp.	*		1,384		73,947
Telik, Inc.	*		202		323
Theravance, Inc.	*†		11,784		305,323
United Therapeutics Corp.	*		10,148		567,070
Vanda Pharmaceuticals, Inc.	*		15,122		60,942
Vertex Pharmaceuticals, Inc.	*		31,505		1,762,705
XOMA Corp.	*†		17,238		63,608

					15,890,819

Building Products—0.7%
A.O. Smith Corp.			8,295		477,294
American Woodmark Corp.	*		1,317		26,301
Apogee Enterprises, Inc.			5,631		110,480
Armstrong World Industries, Inc.			5,873		272,331
Fortune Brands Home & Security, Inc.	*		26,296		710,255


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Gibraltar Industries, Inc.	*		3,678	$	47,152
Griffon Corp.			6,441		66,342
Insteel Industries, Inc.			2,829		33,184
Lennox International, Inc.			9,822		474,992
NCI Building Systems, Inc.	*		8,291		83,159
Owens Corning, Inc.	*		14,719		492,498
Quanex Building Products Corp.			3,000		56,520
Simpson Manufacturing Co., Inc.			8,898		254,661
Trex Co., Inc.	*		2,108		71,925
U.S. Home Systems, Inc.			1,624		20,251
Universal Forest Products, Inc.			1,649		68,500
USG Corp.	*		9,453		207,493

					3,473,338

Capital Markets—1.9%
Affiliated Managers Group, Inc.	*		9,350		1,150,050
American Capital Ltd.	*		68,077		771,993
Apollo Investment Corp.			49,910		392,792
Arlington Asset Investment Corp., Class A			3,155		75,278
Artio Global Investors, Inc.	†		27,199		81,053
BGC Partners, Inc., Class A			21,607		105,874
Calamos Asset Management, Inc., Class A			3,748		43,627
CIFC Corp.	*		2,540		18,593
Cowen Group, Inc., Class A	*		34,303		92,618
Diamond Hill Investment Group, Inc.			649		49,765
Eaton Vance Corp.	†		18,870		546,475
Evercore Partners, Inc., Class A			8,031		216,837
GAMCO Investors, Inc., Class A			1,052		52,337
GFI Group, Inc.			33,019		105,000
Greenhill & Co., Inc.	†		6,438		333,167
ICG Group, Inc.	*		7,645		77,673
Institutional Financial Markets, Inc.			4,976		5,623
INTL FCStone, Inc.	*		4,667		88,953
Investment Technology Group, Inc.	*		22,766		198,064
Janus Capital Group, Inc.			25,815		243,694
Jefferies Group, Inc.			29,047		397,653
KBW, Inc.	†		12,959		213,435
Knight Capital Group, Inc., Class A	*		25,616		68,651
Medallion Financial Corp.			2,518		29,738
Piper Jaffray Cos.	*		2,312		58,840
Raymond James Financial, Inc.			18,586		681,177
Safeguard Scientifics, Inc.	*		3,658		57,394
SEI Investments Co.			34,850		747,533
Stifel Financial Corp.	*		14,993		503,765
SWS Group, Inc.	*		14,960		91,406
TD Ameritrade Holding Corp.			50,281		772,819
U.S. Global Investors, Inc., Class A			8,854		54,186
Virtus Investment Partners, Inc.	*		1,399		120,314
Waddell & Reed Financial, Inc., Class A			14,093		461,828
Walter Investment Management Corp.	*		5,513		204,036
Westwood Holdings Group, Inc.			1,427		55,667

					9,167,908

Chemicals—2.5%
A. Schulman, Inc.			5,791		137,942
Albemarle Corp.			14,830		781,244
Ashland, Inc.			10,597		758,745
Balchem Corp.			4,960		182,181
Cabot Corp.			13,759		503,167


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Calgon Carbon Corp.	*†		19,947	$	285,442
Celanese Corp., Class A			23,334		884,592
Chemtura Corp.	*		15,439		265,860
Cytec Industries, Inc.			6,784		444,488
Ferro Corp.	*		20,271		69,529
Flotek Industries, Inc.	*†		11,454		145,122
Georgia Gulf Corp.			3,528		127,784
H.B. Fuller Co.			12,649		388,071
Huntsman Corp.			30,318		452,648
Intrepid Potash, Inc.	*		8,881		190,764
Koppers Holdings, Inc.			3,348		116,946
Kronos Worldwide, Inc.			3,735		55,801
Landec Corp.	*		8,822		101,012
LSB Industries, Inc.	*		5,477		240,276
Material Sciences Corp.	*		5,258		48,058
Minerals Technologies, Inc.			1,872		132,781
NewMarket Corp.	†		1,802		444,157
Olin Corp.			8,990		195,353
OM Group, Inc.	*		7,720		143,129
OMNOVA Solutions, Inc.	*		9,679		73,270
Penford Corp.	*		5,562		41,604
PolyOne Corp.			16,034		265,683
Quaker Chemical Corp.			1,879		87,693
Rockwood Holdings, Inc.			11,577		539,488
RPM International, Inc.			25,982		741,526
Scotts Miracle-Gro Co. (The), Class A			8,157		354,585
Sensient Technologies Corp.			12,353		454,096
Spartech Corp.	*		2,131		11,401
Stepan Co.			1,197		115,056
Tredegar Corp.			2,467		43,765
Valhi, Inc.	†		11,760		143,472
Valspar Corp.			15,704		880,994
W.R. Grace & Co.	*		13,453		794,803
Westlake Chemical Corp.	†		4,325		315,984
Zep, Inc.			4,143		62,642
Zoltek Cos., Inc.	*†		17,218		132,406

					12,153,560

Commercial Banks—4.6%
1st Source Corp.			2,200		48,994
Ameris Bancorp	*		6,211		78,196
Arrow Financial Corp.			4,347		108,675
Associated Banc-Corp			39,187		516,093
BancFirst Corp.			1,092		46,912
Bancorp, Inc. (The)/Delaware	*		8,887		91,269
BancorpSouth, Inc.			19,643		289,538
BancTrust Financial Group, Inc.	*		4,800		14,448
Bank of Hawaii Corp.			11,077		505,333
Bank of the Ozarks, Inc.			10,632		366,485
Banner Corp.			2,674		72,465
BBCN Bancorp, Inc./California	*		23,477		296,045
BOK Financial Corp.			2,311		136,580
Boston Private Financial Holdings, Inc.			12,410		119,012
Bryn Mawr Bank Corp.			4,411		98,983
Camden National Corp.			1,411		52,263
Capital Bank Financial Corp.	*		3,246		58,419
Capital City Bank Group, Inc.	*		4,374		46,539
CapitalSource, Inc.			48,390		366,796
Cardinal Financial Corp.			7,745		110,753
Cascade Bancorp	*†		479		2,529
Cathay General Bancorp			18,966		327,353
Catskill Litigation Trust	*‡d		583		—


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Central Pacific Financial Corp.	*		4,653	$	66,538
Chemical Financial Corp.			3,780		91,476
CIT Group, Inc.	*		29,844		1,175,555
Citizens Republic Bancorp, Inc.	*		16,394		317,224
City Holding Co.	†		2,691		96,445
City National Corp./California			7,803		401,933
CoBiz Financial, Inc.			13,041		91,287
Columbia Banking System, Inc.			9,767		181,080
Commerce Bancshares, Inc./Missouri			12,773		515,135
Community Bank System, Inc.			8,019		226,056
Community Trust Bancorp, Inc.			2,246		79,812
Cullen/Frost Bankers, Inc.			13,285		762,958
CVB Financial Corp.	†		17,733		211,732
East West Bancorp, Inc.			33,951		717,045
Eastern Virginia Bankshares, Inc.	*		701		3,232
Fidelity Southern Corp.			7,209		68,197
Financial Institutions, Inc.			2,448		45,631
First BanCorp. (Puerto Rico)	*†		25,707		113,625
First Bancorp/North Carolina			5,052		58,250
First Busey Corp.			14,438		70,457
First Citizens BancShares, Inc./North Carolina, Class A			634		103,279
First Commonwealth Financial Corp.			30,605		215,765
First Financial Bancorp			6,617		111,893
First Financial Bankshares, Inc.			5,160		185,915
First Merchants Corp.			4,647		69,751
First Midwest Bancorp, Inc./Illinois			9,549		119,840
First Niagara Financial Group, Inc.			76,028		615,067
First of Long Island Corp. (The)			1,432		44,120
FirstMerit Corp.	†		18,310		269,706
FNB Corp./Pennsylvania	†		28,242		316,593
Fulton Financial Corp.			42,856		422,560
Glacier Bancorp, Inc.	†		21,753		338,912
Great Southern Bancorp, Inc.			3,068		94,832
Guaranty Bancorp	*		38,669		78,111
Hancock Holding Co.			13,641		422,189
Hanmi Financial Corp.	*		8,190		104,914
Heritage Commerce Corp.	*		8,988		62,377
Heritage Financial Corp./Washington			5,490		82,515
IBERIABANK Corp.			6,270		287,166
Independent Bank Corp./Massachusetts	†		3,125		94,031
Independent Bank Corp./Michigan	*		389		1,054
International Bancshares Corp.			7,878		150,076
Investors Bancorp, Inc.	*		16,332		297,896
Lakeland Financial Corp.			4,843		133,667
Macatawa Bank Corp.	*		9,867		30,686
MainSource Financial Group, Inc.			4,454		57,189
MB Financial, Inc.			7,169		141,588
Merchants Bancshares, Inc.			1,298		38,356
MidSouth Bancorp, Inc.			3,651		59,110
MidWestOne Financial Group, Inc.			4,566		98,352
National Penn Bancshares, Inc.			8,522		77,635
NBT Bancorp, Inc.			4,152		91,635
Old National Bancorp/Indiana			30,830		419,596
Old Second Bancorp, Inc.	*		5,324		7,667
Oriental Financial Group, Inc. (Puerto Rico)	†		19,202		202,005
Pacific Capital Bancorp	*		1,651		75,781
Pacific Premier Bancorp, Inc.	*		977		9,330


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
PacWest Bancorp			2,392	$	55,901
Park National Corp.	†		1,421		99,498
Peapack Gladstone Financial Corp.			1,086		17,745
Peoples Bancorp, Inc./Ohio	†		2,337		53,494
Pinnacle Financial Partners, Inc.	*		6,115		118,142
Popular, Inc. (Puerto Rico)	*		17,490		304,851
Preferred Bank/Los Angeles CA	*†		4,011		56,876
PrivateBancorp, Inc.			12,737		203,665
Prosperity Bancshares, Inc.			10,569		450,451
Renasant Corp.	†		4,358		85,439
Republic Bancorp, Inc./Kentucky, Class A	†		2,055		45,107
Royal Bancshares of Pennsylvania, Inc., Class A	*		11,522		25,924
S&T Bancorp, Inc.			6,364		112,070
Sandy Spring Bancorp, Inc.			2,239		43,101
Seacoast Banking Corp. of Florida	*†		53,038		84,330
Shore Bancshares, Inc.			5,419		32,622
Sierra Bancorp			5,758		70,593
Signature Bank/New York	*		6,594		442,326
Simmons First National Corp., Class A			3,697		90,040
Southwest Bancorp, Inc./Oklahoma	*		4,075		44,214
Sterling Bancorp/New York			5,344		53,012
Sterling Financial Corp./Washington			3,511		78,190
Suffolk Bancorp	*		3,976		58,288
Susquehanna Bancshares, Inc.			21,345		223,269
SVB Financial Group	*		6,536		395,167
SY Bancorp, Inc.			4,501		106,494
Synovus Financial Corp.	†		102,979		244,060
TCF Financial Corp.			19,522		233,093
Texas Capital Bancshares, Inc.	*		6,292		312,775
Tompkins Financial Corp.			1,976		80,068
TowneBank/Virginia	†		4,995		76,573
Trustmark Corp.			7,243		176,295
UMB Financial Corp.			5,083		247,440
Umpqua Holdings Corp.			15,160		195,412
Union First Market Bankshares Corp.			4,226		65,757
United Bankshares, Inc.	†		5,447		135,685
United Community Banks, Inc./Georgia	*		8,268		69,369
Valley National Bancorp	†		47,250		473,445
Virginia Commerce Bancorp, Inc.	*		10,179		89,066
Washington Trust Bancorp, Inc.			3,270		85,903
Webster Financial Corp.			19,943		472,649
WesBanco, Inc.			2,801		58,009
West Coast Bancorp/Oregon	*		3,288		74,046
Westamerica Bancorporation	†		5,748		270,443
Western Alliance Bancorp	*		35,451		361,600
Wilshire Bancorp, Inc.	*		17,149		108,039
Wintrust Financial Corp.			5,057		189,991

					22,349,034

Commercial Services & Supplies—1.5%
ABM Industries, Inc.			9,730		184,189
ACCO Brands Corp.	*		14,981		97,227
American Reprographics Co.	*		15,235		65,053
Asset Acceptance Capital Corp.	*		6,870		51,250
Asta Funding, Inc.			3,486		32,733
Brink’s Co. (The)			6,600		169,554
Casella Waste Systems, Inc., Class A	*		5,820		24,910


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Cenveo, Inc.	*†		10,269	$	23,516
Clean Harbors, Inc.	*		6,367		311,028
Consolidated Graphics, Inc.	*		699		18,237
Copart, Inc.	*		19,876		551,161
Corrections Corp. of America			21,753		727,638
Courier Corp.			1,904		23,267
Covanta Holding Corp.			32,749		561,973
Deluxe Corp.	†		6,902		210,925
EnergySolutions, Inc.	*		17,158		46,841
Ennis, Inc.			2,217		36,381
G&K Services, Inc., Class A			2,038		63,810
Geo Group, Inc. (The)			10,797		298,753
Healthcare Services Group, Inc.			8,543		195,378
Herman Miller, Inc.			7,167		139,326
HNI Corp.			4,666		119,030
Interface, Inc.			5,624		74,293
Intersections, Inc.			4,413		46,513
Kimball International, Inc., Class B	†		4,445		54,318
Knoll, Inc.			8,621		120,263
McGrath RentCorp			2,986		77,905
Metalico, Inc.	*		25,521		65,334
Mine Safety Appliances Co.			4,632		172,635
Mobile Mini, Inc.	*		4,526		75,629
Multi-Color Corp.			2,526		58,502
NL Industries, Inc.			412		4,734
Perma-Fix Environmental Services, Inc.	*		25,765		26,796
Portfolio Recovery Associates, Inc.	*		1,989		207,711
Rollins, Inc.			17,041		398,589
Standard Register Co. (The)	†		1,650		1,171
Steelcase, Inc., Class A			19,006		187,209
Sykes Enterprises, Inc.	*		3,519		47,295
Team, Inc.	*		3,347		106,602
Tetra Tech, Inc.	*		6,841		179,645
TRC Cos., Inc.	*		11,036		82,991
Unifirst Corp.			996		66,523
United Stationers, Inc.			4,110		106,942
US Ecology, Inc.			11,022		237,855
Viad Corp.			1,978		41,261
Virco Manufacturing Corp.	*		1,859		4,406
Waste Connections, Inc.			22,840		690,910

					7,088,212

Communications Equipment—1.3%
Acme Packet, Inc.	*†		10,066		172,129
ADTRAN, Inc.	†		12,844		221,944
Alliance Fiber Optic Products, Inc.	*		963		8,657
Anaren, Inc.	*		2,003		40,040
Arris Group, Inc.	*		25,408		324,968
Aruba Networks, Inc.	*†		24,779		557,156
Aviat Networks, Inc.	*		22,656		53,921
Black Box Corp.			1,414		36,071
Blonder Tongue Laboratories, Inc.	*		2,285		2,422
Brocade Communications Systems, Inc.	*		65,397		386,823
CalAmp Corp.	*		9,992		82,034
Ciena Corp.	*†		24,804		337,334
Comtech Telecommunications Corp.			4,419		122,141
Digi International, Inc.	*		2,517		25,573
Ditech Networks, Inc.	*		3,980		5,652
EchoStar Corp., Class A	*		13,270		380,318
Emcore Corp.	*†		11,797		66,535
Emulex Corp.	*		15,840		114,207


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Extreme Networks, Inc.	*		9,940	$	33,200
Finisar Corp.	*†		16,126		230,602
Globecomm Systems, Inc.	*		5,067		56,497
Harmonic, Inc.	*		19,391		88,035
Infinera Corp.	*		12,147		66,566
InterDigital, Inc.	†		7,655		285,378
Ixia	*		7,348		118,082
KVH Industries, Inc.	*		3,755		50,655
Loral Space & Communications, Inc.			3,041		216,215
NETGEAR, Inc.	*		3,773		143,902
Numerex Corp., Class A	*		1,800		20,394
Oclaro, Inc.	*		9,084		24,527
Oplink Communications, Inc.	*		1,808		29,904
Optical Cable Corp.			241		1,101
Parkervision, Inc.	*		37,014		86,613
Performance Technologies, Inc.	*		794		1,080
Plantronics, Inc.			9,656		341,147
Polycom, Inc.	*		30,575		301,775
Powerwave Technologies, Inc.	*†		6,812		4,155
Riverbed Technology, Inc.	*		23,885		555,804
Sonus Networks, Inc.	*		107,679		202,437
Sycamore Networks, Inc.	*		1,477		22,746
Symmetricom, Inc.	*		6,110		42,587
Tellabs, Inc.			59,542		210,779
UTStarcom Holdings Corp. (China)	*		76,536		78,832
ViaSat, Inc.	*		5,176		193,479
Westell Technologies, Inc., Class A	*		13,644		29,198
Zoom Technologies, Inc. (China)	*†		542		488

					6,374,103

Computers & Peripherals—0.6%
3D Systems Corp.	*†		6,673		219,208
Avid Technology, Inc.	*		2,658		25,145
Concurrent Computer Corp.			759		3,408
Cray, Inc.	*		5,759		73,139
Dataram Corp.	*		1,175		728
Diebold, Inc.			14,906		502,481
Dot Hill Systems Corp.	*		21,866		23,397
Electronics for Imaging, Inc.	*		3,912		64,978
Hutchinson Technology, Inc.	*†		2,054		3,574
iGO, Inc.	*		2,804		1,094
Imation Corp.	*		18,494		103,381
Immersion Corp.	*		5,977		32,694
Intermec, Inc.	*		11,337		70,403
Intevac, Inc.	*		3,891		23,774
Lexmark International, Inc., Class A			10,260		228,285
NCR Corp.	*		27,262		635,477
Novatel Wireless, Inc.	*		10,536		20,861
Overland Storage, Inc.	*		9,851		16,944
Presstek, Inc.	*		6,107		2,992
QLogic Corp.	*		26,656		304,412
Quantum Corp.	*†		58,778		94,633
Rimage Corp.			924		6,237
Silicon Graphics International Corp.	*†		9,365		85,222
STEC, Inc.	*		14,855		100,271
Stratasys, Inc.	*		1,962		106,733
Synaptics, Inc.	*†		5,067		121,709
TransAct Technologies, Inc.	*		2,600		18,876

					2,890,056

Construction & Engineering—0.7%
AECOM Technology Corp.	*		23,093		488,648
Aegion Corp.	*		4,145		79,418


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Comfort Systems USA, Inc.	†		3,803	$	41,567
Dycom Industries, Inc.	*		13,213		190,003
EMCOR Group, Inc.			10,329		294,790
Furmanite Corp.	*†		7,017		39,856
Granite Construction, Inc.			5,631		161,722
KBR, Inc.			23,912		713,056
Layne Christensen Co.	*		2,498		48,986
MasTec, Inc.	*†		11,328		223,162
Northwest Pipe Co.	*		2,458		60,590
Orion Marine Group, Inc.	*		17,265		128,279
Pike Electric Corp.	*		1,369		10,883
Shaw Group, Inc. (The)	*		12,959		565,272
Sterling Construction Co., Inc.	*		5,331		53,203
Tutor Perini Corp.	*		5,845		66,867
URS Corp.			9,779		345,296

					3,511,598

Construction Materials—0.2%
Eagle Materials, Inc.			6,632		306,796
Headwaters, Inc.	*		14,630		96,266
Martin Marietta Materials, Inc.			5,070		420,151
Texas Industries, Inc.	*†		3,011		122,397

					945,610

Consumer Finance—0.2%
Cash America International, Inc.			7,304		281,715
CompuCredit Holdings Corp.	*		821		3,054
Credit Acceptance Corp.	*		216		18,470
DFC Global Corp.	*		10,439		179,029
Ezcorp, Inc., Class A	*		7,391		169,476
First Cash Financial Services, Inc.	*		7,544		347,099
First Marblehead Corp. (The)	*		39,461		41,434
Nelnet, Inc., Class A			4,517		107,234
World Acceptance Corp.	*†		1,346		90,788

					1,238,299

Containers & Packaging—0.9%
AEP Industries, Inc.	*†		1,473		89,249
AptarGroup, Inc.	†		9,353		483,644
Crown Holdings, Inc.	*		30,834		1,133,149
Graphic Packaging Holding Co.	*		52,944		307,605
Greif, Inc., Class A			4,197		185,423
Myers Industries, Inc.			4,506		70,384
Packaging Corp. of America			18,729		679,863
Rock-Tenn Co., Class A			9,473		683,761
Silgan Holdings, Inc.			9,969		433,751
Sonoco Products Co.			13,840		428,902

					4,495,731

Distributors—0.3%
LKQ Corp.	*		56,780		1,050,430
Pool Corp.			5,225		217,255
VOXX International Corp.	*		2,945		22,029

					1,289,714

Diversified Consumer Services—0.7%
American Public Education, Inc.	*†		2,444		89,035
Ascent Capital Group, Inc., Class A	*		2,424		130,920
Capella Education Co.	*		3,229		113,209
Career Education Corp.	*		11,632		43,853
Coinstar, Inc.	*†		3,501		157,475
Corinthian Colleges, Inc.	*†		17,447		41,524
DeVry, Inc.			9,475		215,651
Education Management Corp.	*†		12,017		37,373
Grand Canyon Education, Inc.	*		8,434		198,452


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Hillenbrand, Inc.			14,350	$	261,026
ITT Educational Services, Inc.	*		4,939		159,184
K12, Inc.	*†		8,049		162,590
Learning Tree International, Inc.	*		4,044		20,584
Matthews International Corp., Class A			4,455		132,848
Regis Corp.	†		5,718		105,097
School Specialty, Inc.	*		1,184		2,723
Service Corp. International			34,074		458,636
Sotheby’s	†		9,999		314,969
Steiner Leisure Ltd. (Bahamas)	*		2,327		108,322
Stewart Enterprises, Inc., Class A	†		11,267		94,586
Strayer Education, Inc.			944		60,746
Universal Technical Institute, Inc.			4,524		61,979
Weight Watchers International, Inc.	†		5,424		286,387

					3,257,169

Diversified Financial Services—0.3%
Interactive Brokers Group, Inc., Class A			14,771		207,089
MarketAxess Holdings, Inc.			8,655		273,498
MSCI, Inc.	*		22,345		799,728
PHH Corp.	*†		11,809		240,313
PICO Holdings, Inc.	*		3,754		85,666
Resource America, Inc., Class A			3,696		25,281

					1,631,575

Diversified Telecommunication Services—0.6%
8x8, Inc.	*		33,730		221,269
Alaska Communications Systems Group, Inc.	†		8,744		19,761
Atlantic Tele-Network, Inc.			1,034		44,441
Cbeyond, Inc.	*		5,638		55,591
Cincinnati Bell, Inc.	*		58,433		333,068
Cogent Communications Group, Inc.			9,120		209,669
Consolidated Communications Holdings, Inc.			15,899		273,304
General Communication, Inc., Class A	*		3,847		37,700
HickoryTech Corp.			2,286		24,186
IDT Corp., Class B			2,274		23,354
Level 3 Communications, Inc.	*†		28,997		666,061
Lumos Networks Corp.			1,551		12,191
Neutral Tandem, Inc.	*		13,265		124,426
ORBCOMM, Inc.	*		13,962		52,218
Premiere Global Services, Inc.	*		5,642		52,753
tw telecom inc.	*		22,613		589,521

					2,739,513

Electric Utilities—1.4%
ALLETE, Inc.			5,379		224,520
Cleco Corp.			8,902		373,706
El Paso Electric Co.			7,953		272,390
Empire District Electric Co. (The)			10,377		223,624
Great Plains Energy, Inc.			22,589		502,831
Hawaiian Electric Industries, Inc.			25,440		669,327
IDACORP, Inc.			8,127		351,655
ITC Holdings Corp.			7,281		550,298
MGE Energy, Inc.			4,750		251,703
NV Energy, Inc.			33,967		611,746
OGE Energy Corp.			15,087		836,725
Otter Tail Corp.			6,778		161,723
PNM Resources, Inc.			13,928		292,906
Portland General Electric Co.			13,022		352,115


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
UIL Holdings Corp.			10,662	$	382,339
Unitil Corp.			4,288		116,719
UNS Energy Corp.			4,770		199,672
Westar Energy, Inc.			18,809		557,875

					6,931,874

Electrical Equipment—1.2%
A123 Systems, Inc.	*		39,421		9,855
Active Power, Inc.	*		42,100		33,680
Acuity Brands, Inc.			4,849		306,893
American Superconductor Corp.	*		6,746		27,996
AMETEK, Inc.			45,337		1,607,197
AZZ, Inc.			4,395		166,922
Babcock & Wilcox Co. (The)	*		19,772		503,593
Belden, Inc.			8,915		328,785
Brady Corp., Class A			7,763		227,301
Capstone Turbine Corp.	*†		79,299		79,299
Encore Wire Corp.			1,693		49,537
EnerSys, Inc.	*		11,416		402,871
Franklin Electric Co., Inc.	†		3,929		237,665
FuelCell Energy, Inc.	*†		48,935		43,063
General Cable Corp.	*		7,507		220,556
GrafTech International Ltd.	*		22,518		202,437
Hubbell, Inc., Class B			7,363		594,489
II-VI, Inc.	*		6,998		133,102
LSI Industries, Inc.			3,003		20,240
Magnetek, Inc.	*		458		5,157
Orbit International Corp.	*		2,812		9,223
Polypore International, Inc.	*†		5,835		206,267
Powell Industries, Inc.	*		1,046		40,449
PowerSecure International, Inc.	*		2,650		15,873
Regal-Beloit Corp.			5,997		422,669
Ultralife Corp.	*		3,672		11,420
Universal Security Instruments, Inc.	*		266		1,170
Vicor Corp.	*		3,481		23,218

					5,930,927

Electronic Equipment, Instruments & Components—1.9%
Agilysys, Inc.	*		4,188		36,017
Anixter International, Inc.			5,818		334,302
Arrow Electronics, Inc.	*		15,485		521,999
Avnet, Inc.	*		23,170		674,015
AVX Corp.			16,770		160,824
Badger Meter, Inc.	†		4,287		156,004
Benchmark Electronics, Inc.	*		14,600		222,942
Brightpoint, Inc.	*		13,208		118,608
Checkpoint Systems, Inc.	*		8,101		67,076
Cognex Corp.			3,670		126,909
Coherent, Inc.	*		3,191		146,339
CTS Corp.			4,578		46,101
Daktronics, Inc.			5,610		53,351
Dolby Laboratories, Inc., Class A	*		7,320		239,730
DTS, Inc.	*		1,605		37,364
Echelon Corp.	*		10,673		40,984
Electro Rent Corp.			2,563		45,340
Electro Scientific Industries, Inc.			3,685		45,031
FARO Technologies, Inc.	*		1,400		57,848
FEI Co.			7,016		375,356
Frequency Electronics, Inc.	*		1,355		11,585
ID Systems, Inc.	*		2,437		14,037
Identive Group, Inc.	*		11,064		9,515
Ingram Micro, Inc., Class A	*		29,411		447,930
Insight Enterprises, Inc.	*		3,820		66,774
IPG Photonics Corp.	*†		6,852		392,620


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Iteris, Inc.	*		4,264	$	6,481
Itron, Inc.	*		10,094		435,556
Lightpath Technologies, Inc., Class A	*†		17,646		17,558
Littelfuse, Inc.			2,845		160,856
LoJack Corp.	*		1,880		4,230
LRAD Corp.	*†		3,686		5,087
Maxwell Technologies, Inc.	*		3,381		27,454
Measurement Specialties, Inc.	*		3,063		101,018
Mercury Computer Systems, Inc.	*		3,652		38,784
Mesa Laboratories, Inc.			1,200		58,056
Methode Electronics, Inc.			16,111		156,438
Microvision, Inc.	*†		14,308		33,195
MTS Systems Corp.			1,818		97,354
National Instruments Corp.			17,107		430,583
Newport Corp.	*		4,130		45,678
OSI Systems, Inc.	*		2,750		214,060
Park Electrochemical Corp.			1,950		48,419
PC Connection, Inc.			2,755		31,710
Planar Systems, Inc.	*		8,504		11,480
Plexus Corp.	*		4,416		133,761
Power-One, Inc.	*†		40,825		228,620
Pulse Electronics Corp.			7,988		6,550
Radisys Corp.	*		4,878		17,561
Research Frontiers, Inc.	*†		2,932		13,047
Rofin-Sinar Technologies, Inc.	*		3,102		61,203
Rogers Corp.	*		1,417		60,024
Sanmina-SCI Corp.	*		9,115		77,386
ScanSource, Inc.	*		1,798		57,572
Sigmatron International, Inc.	*		283		1,231
SYNNEX Corp.	*		5,088		165,767
Tech Data Corp.	*		9,451		428,130
Trimble Navigation Ltd.	*		18,784		895,245
TTM Technologies, Inc.	*†		13,456		126,890
Universal Display Corp.	*		5,881		202,189
Vishay Intertechnology, Inc.	*†		19,798		194,614
Vishay Precision Group, Inc.	*		7,543		105,451
Wayside Technology Group, Inc.			1,787		22,284
Zygo Corp.	*		2,997		54,815

					9,224,938

Energy Equipment & Services—1.8%
Atwood Oceanics, Inc.	*		8,965		407,459
Basic Energy Services, Inc.	*†		5,491		61,609
Bolt Technology Corp.			4,903		70,505
Bristow Group, Inc.			7,731		390,802
Cal Dive International, Inc.	*†		45,231		69,203
CARBO Ceramics, Inc.	†		2,596		163,340
Dawson Geophysical Co.	*		2,635		66,560
Dresser-Rand Group, Inc.	*		13,863		763,990
Dril-Quip, Inc.	*		5,987		430,346
Exterran Holdings, Inc.	*		10,606		215,090
Gulfmark Offshore, Inc., Class A	*		3,758		124,164
Heckmann Corp.	*†		12,249		51,446
Helix Energy Solutions Group, Inc.	*		12,150		221,981
Hercules Offshore, Inc.	*		42,310		206,473
Hornbeck Offshore Services, Inc.	*		4,277		156,752
ION Geophysical Corp.	*		22,870		158,718
Key Energy Services, Inc.	*		31,716		222,012
Lufkin Industries, Inc.	†		5,305		285,515
Matrix Service Co.	*		3,244		34,289
McDermott International, Inc.	*		38,556		471,154
Mitcham Industries, Inc.	*		3,707		59,053
Natural Gas Services Group, Inc.	*		5,244		78,398


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Newpark Resources, Inc.	*†		17,228	$	127,659
Oceaneering International, Inc.			13,067		721,952
Oil States International, Inc.	*		6,650		528,409
OYO Geospace Corp.	*		802		98,173
Parker Drilling Co.	*		18,562		78,517
Patterson-UTI Energy, Inc.	†		34,323		543,676
PHI, Inc.	*		2,638		82,991
Pioneer Energy Services Corp.	*		16,802		130,888
RPC, Inc.	†		25,188		299,485
SEACOR Holdings, Inc.	*		2,817		234,825
Superior Energy Services, Inc.	*		25,901		531,489
TETRA Technologies, Inc.	*		8,961		54,214
Tidewater, Inc.			7,544		366,110
Unit Corp.	*		6,849		284,234
Vantage Drilling Co.	*		44,721		82,287

					8,873,768

Food & Staples Retailing—0.4%
Andersons, Inc. (The)			2,228		83,906
Arden Group, Inc., Class A			552		53,555
Casey’s General Stores, Inc.			7,327		418,665
Harris Teeter Supermarkets, Inc.			7,740		300,622
Nash Finch Co.			1,190		24,300
Pantry, Inc. (The)	*		2,139		31,122
Pricesmart, Inc.			3,028		229,280
Rite Aid Corp.	*		203,564		238,170
Spartan Stores, Inc.			3,490		53,432
SUPERVALU, Inc.	†		28,510		68,709
United Natural Foods, Inc.	*		6,858		400,850
Village Super Market, Inc., Class A			2,777		102,083
Weis Markets, Inc.			1,103		46,690

					2,051,384

Food Products—1.9%
B&G Foods, Inc.			12,057		365,448
Bunge Ltd.			26,859		1,800,896
Calavo Growers, Inc.	†		2,244		56,100
Cal-Maine Foods, Inc.			6,514		292,739
Chiquita Brands International, Inc.	*†		9,802		74,887
Darling International, Inc.	*		17,587		321,666
Diamond Foods, Inc.	†		4,466		84,050
Dole Food Co., Inc.	*†		12,165		170,675
Farmer Bros. Co.	*†		930		8,844
Flowers Foods, Inc.			28,075		566,554
Fresh Del Monte Produce, Inc.			11,486		294,042
Green Mountain Coffee Roasters, Inc.	*†		18,718		444,553
Griffin Land & Nurseries, Inc.	†		2,039		68,775
Hain Celestial Group, Inc. (The)	*		10,164		640,332
Hillshire Brands Co.			21,866		585,571
Ingredion, Inc.			12,624		696,340
Inventure Foods, Inc.	*		9,182		52,246
J&J Snack Foods Corp.			1,866		106,978
John B. Sanfilippo & Son, Inc.	*		1,899		24,725
Lancaster Colony Corp.			2,437		178,510
Omega Protein Corp.	*		2,815		19,311
Post Holdings, Inc.	*		5,073		152,494
Ralcorp Holdings, Inc.	*		8,870		647,510
Sanderson Farms, Inc.			2,714		120,420
Smart Balance, Inc.	*		15,817		191,069
Smithfield Foods, Inc.	*		23,691		465,528
Snyders-Lance, Inc.			10,604		265,100
Tootsie Roll Industries, Inc.			3,255		87,820


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
TreeHouse Foods, Inc.	*		8,182	$	429,555

					9,212,738

Gas Utilities—0.9%
Atmos Energy Corp.			14,680		525,397
Chesapeake Utilities Corp.			2,965		140,423
Delta Natural Gas Co., Inc.			7,514		145,471
Laclede Group, Inc. (The)			1,902		81,786
National Fuel Gas Co.			14,383		777,257
New Jersey Resources Corp.			5,892		269,382
Northwest Natural Gas Co.	†		3,667		180,563
Piedmont Natural Gas Co., Inc.	†		15,429		501,134
Questar Corp.			29,569		601,138
South Jersey Industries, Inc.			3,110		164,612
Southwest Gas Corp.			7,750		342,550
UGI Corp.			16,949		538,131
WGL Holdings, Inc.			6,648		267,582

					4,535,426

Health Care Equipment & Supplies—2.3%
Abaxis, Inc.	*		2,445		87,824
ABIOMED, Inc.	*†		6,733		141,326
Accuray, Inc.	*		10,434		73,873
Alere, Inc.	*		9,884		192,639
Align Technology, Inc.	*		11,608		429,148
Analogic Corp.			1,810		141,488
AngioDynamics, Inc.	*		14,132		172,410
Atrion Corp.	†		435		96,353
Biolase, Inc.	*†		22,190		37,945
Cantel Medical Corp.			6,766		183,223
Cerus Corp.	*†		16,123		54,818
Conceptus, Inc.	*		5,717		116,112
CONMED Corp.			9,592		273,372
Cooper Cos., Inc. (The)			6,675		630,521
CryoLife, Inc.			6,833		45,918
Cutera, Inc.	*		3,098		23,142
Cyberonics, Inc.	*		3,767		197,466
Cynosure, Inc., Class A	*		3,342		88,162
DexCom, Inc.	*		11,213		168,531
Endologix, Inc.	*		14,422		199,312
Greatbatch, Inc.	*		2,283		55,545
Haemonetics Corp.	*		3,839		307,888
Hill-Rom Holdings, Inc.			5,409		157,186
Hologic, Inc.	*		52,477		1,062,135
ICU Medical, Inc.	*		1,366		82,616
IDEXX Laboratories, Inc.	*†		6,183		614,281
Insulet Corp.	*		7,107		153,369
Integra LifeSciences Holdings Corp.	*		2,236		91,900
Invacare Corp.			4,378		61,905
IRIS International, Inc.	*		4,135		80,715
MAKO Surgical Corp.	*†		5,397		93,962
Masimo Corp.	*		6,826		165,053
Medical Action Industries, Inc.	*		7,146		24,940
Meridian Bioscience, Inc.			6,053		116,097
Merit Medical Systems, Inc.	*		7,183		107,242
Natus Medical, Inc.	*		15,518		202,820
Neogen Corp.	*		3,093		132,071
NuVasive, Inc.	*		6,151		140,919
NxStage Medical, Inc.	*		12,475		164,795
OraSure Technologies, Inc.	*		7,330		81,510
Orthofix International NV (Netherlands Antilles)	*		2,888		129,238
Palomar Medical Technologies, Inc.	*		2,762		26,073
Quidel Corp.	*†		14,799		280,145


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
ResMed, Inc.	†		25,196	$	1,019,682
Rochester Medical Corp.	*		5,305		62,652
RTI Biologics, Inc.	*		13,504		56,312
Sirona Dental Systems, Inc.	*		8,415		479,318
Spectranetics Corp.	*		8,571		126,422
Staar Surgical Co.	*		13,188		99,701
STERIS Corp.			13,087		464,196
SurModics, Inc.	*		3,217		65,048
Teleflex, Inc.			6,200		426,808
Theragenics Corp.	*		4,088		7,031
ThermoGenesis Corp.	*		1,079		1,165
Thoratec Corp.	*		9,579		331,433
Urologix, Inc.	*†		25,612		19,977
Vision-Sciences, Inc.	*†		27,178		35,875
Volcano Corp.	*		5,711		163,163
West Pharmaceutical Services, Inc.			4,069		215,942
Wright Medical Group, Inc.	*		5,713		126,314
Young Innovations, Inc.			1,093		42,736

					11,429,763

Health Care Providers & Services—2.8%
Alliance HealthCare Services, Inc.	*		10,817		15,252
Almost Family, Inc.	*		2,502		53,243
Amedisys, Inc.	*		2,921		40,339
AMERIGROUP Corp.	*		5,870		536,694
AMN Healthcare Services, Inc.	*		3,864		38,872
Amsurg Corp.	*		3,538		100,408
Bio-Reference Labs, Inc.	*		11,461		327,555
BioScrip, Inc.	*		9,835		89,597
Brookdale Senior Living, Inc.	*		21,979		510,352
Capital Senior Living Corp.	*		9,966		144,208
CardioNet, Inc.	*		8,331		20,994
Catamaran Corp.	*		14,787		1,448,682
Centene Corp.	*		7,045		263,553
Chemed Corp.	†		2,102		145,648
Chindex International, Inc.	*†		5,225		53,974
Community Health Systems, Inc.	*		12,136		353,643
Cross Country Healthcare, Inc.	*		2,631		12,418
Emeritus Corp.	*		5,975		125,117
Ensign Group, Inc. (The)			3,393		103,843
Five Star Quality Care, Inc.	*		23,205		118,578
Gentiva Health Services, Inc.	*		3,767		42,642
Hanger, Inc.	*		7,988		227,898
HCA Holdings, Inc.			7,601		252,733
Health Management Associates, Inc., Class A	*		41,012		344,091
Health Net, Inc.	*		15,676		352,867
HealthSouth Corp.	*		20,125		484,207
Healthways, Inc.	*		3,517		41,184
Henry Schein, Inc.	*		14,562		1,154,330
HMS Holdings Corp.	*		13,299		444,586
IPC The Hospitalist Co., Inc.	*		4,870		222,559
Kindred Healthcare, Inc.	*		6,873		78,215
Landauer, Inc.			1,319		78,771
LHC Group, Inc.	*		8,598		158,805
LifePoint Hospitals, Inc.	*		8,109		346,903
Magellan Health Services, Inc.	*		4,963		256,140
MEDNAX, Inc.	*†		8,920		664,094
Molina Healthcare, Inc.	*		3,366		84,655
MWI Veterinary Supply, Inc.	*		1,760		187,757
National Healthcare Corp.			1,078		51,464
National Research Corp.			1,250		62,837
Omnicare, Inc.			14,725		500,208
Owens & Minor, Inc.	†		7,718		230,614


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
PDI, Inc.	*		864	$	6,886
PharMerica Corp.	*		5,445		68,934
Providence Service Corp. (The)	*		3,898		50,635
PSS World Medical, Inc.	*		14,310		325,982
Psychemedics Corp.			902		10,959
Skilled Healthcare Group, Inc., Class A	*		10,902		70,100
Sun Healthcare Group, Inc.	*		7,309		61,871
Sunrise Senior Living, Inc.	*		17,453		249,054
Team Health Holdings, Inc.	*		9,475		257,057
Triple-S Management Corp., Class B (Puerto Rico)	*		7,729		161,536
U.S. Physical Therapy, Inc.			3,224		89,079
Universal American Corp.	*		10,462		96,669
Universal Health Services, Inc., Class B			14,228		650,646
Vanguard Health Systems, Inc.	*		3,023		37,395
VCA Antech, Inc.	*		11,415		225,218
WellCare Health Plans, Inc.	*		5,753		325,332

					13,457,883

Health Care Technology—0.4%
Allscripts Healthcare Solutions, Inc.	*		39,879		495,696
athenahealth, Inc.	*†		4,838		443,983
Authentidate Holding Corp.	*		20,799		26,623
Computer Programs & Systems, Inc.			3,593		199,591
MedAssets, Inc.	*		19,972		355,501
Medidata Solutions, Inc.	*		9,004		373,666
Mediware Information Systems, Inc.	*		1,191		26,095
Merge Healthcare, Inc.	*		9,619		36,841
Omnicell, Inc.	*		7,892		109,699
Quality Systems, Inc.			5,804		107,664

					2,175,359

Hotels, Restaurants & Leisure—3.1%
AFC Enterprises, Inc.	*		5,988		147,305
Ambassadors Group, Inc.			2,796		15,098
Ameristar Casinos, Inc.			3,664		65,219
Bally Technologies, Inc.	*		8,445		417,099
Biglari Holdings, Inc.	*		109		39,792
Bluegreen Corp.	*		1,800		11,304
Bob Evans Farms, Inc.			2,925		114,455
Boyd Gaming Corp.	*†		9,758		68,891
Brinker International, Inc.			8,138		287,271
Buffalo Wild Wings, Inc.	*†		4,069		348,876
CEC Entertainment, Inc.			2,926		88,131
Cheesecake Factory, Inc. (The)			8,701		311,061
Choice Hotels International, Inc.			6,229		199,266
Churchill Downs, Inc.			1,867		117,098
Cosi, Inc.	*		95,992		73,914
Cracker Barrel Old Country Store, Inc.			2,879		193,210
DineEquity, Inc.	*		1,467		82,152
Domino’s Pizza, Inc.			12,378		466,651
Dover Downs Gaming & Entertainment, Inc.			1,687		4,201
Dover Motorsports, Inc.	*		1,645		2,287
Gaylord Entertainment Co. REIT	*		7,071		279,517
Hyatt Hotels Corp., Class A	*		8,122		326,098
International Speedway Corp., Class A			3,250		92,202
Interval Leisure Group, Inc.			5,696		107,825


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Isle of Capri Casinos, Inc.	*		1,251	$	8,694
Jack in the Box, Inc.	*		8,142		228,872
Jamba, Inc.	*		31,424		70,076
Krispy Kreme Doughnuts, Inc.	*		23,022		182,564
Las Vegas Sands Corp.			100,757		4,672,102
Life Time Fitness, Inc.	*†		5,382		246,173
Luby’s, Inc.	*		14,427		97,094
Marcus Corp.	†		1,805		20,035
Marriott Vacations Worldwide Corp.	*		4,601		165,728
MGM Resorts International	*		65,940		708,855
Monarch Casino & Resort, Inc.	*		6,897		60,073
Morgans Hotel Group Co.	*		7,052		45,274
MTR Gaming Group, Inc.	*		4,525		19,050
Multimedia Games Holding Co., Inc.	*		4,259		66,994
Orient-Express Hotels Ltd., Class A (Bermuda)	*		13,651		121,494
Panera Bread Co., Class A	*		4,389		750,036
Papa John’s International, Inc.	*		2,356		125,834
Peet’s Coffee & Tea, Inc.	*		2,241		164,355
Penn National Gaming, Inc.	*		13,863		597,495
Pinnacle Entertainment, Inc.	*		22,133		271,129
Red Robin Gourmet Burgers, Inc.	*		1,203		39,170
Royal Caribbean Cruises Ltd.			22,990		694,528
Ruby Tuesday, Inc.	*		20,841		151,097
Scientific Games Corp., Class A	*		13,630		112,720
Shuffle Master, Inc.	*†		6,463		102,180
Six Flags Entertainment Corp.			4,655		273,714
Sonic Corp.	*		13,814		141,870
Speedway Motorsports, Inc.			1,680		25,872
Texas Roadhouse, Inc.			20,520		350,892
Vail Resorts, Inc.	†		3,907		225,239
Wendy’s Co. (The)	†		64,355		292,815
WMS Industries, Inc.	*		4,326		70,860

					14,961,807

Household Durables—1.2%
American Greetings Corp., Class A	†		8,927		149,974
Bassett Furniture Industries, Inc.			610		7,594
Beazer Homes USA, Inc.	*†		42,835		152,064
Blyth, Inc.	†		1,754		45,586
Cavco Industries, Inc.	*		1,216		55,802
CSS Industries, Inc.			1,140		23,427
Ethan Allen Interiors, Inc.			3,468		76,019
Furniture Brands International, Inc.	*		9,746		14,132
Helen of Troy Ltd. (Bermuda)	*		3,893		123,914
Hooker Furniture Corp.			3,953		51,349
Hovnanian Enterprises, Inc., Class A	*†		48,421		167,537
Jarden Corp.			15,029		794,132
KB Home			9,945		142,711
Kid Brands, Inc.	*		1,157		1,770
La-Z-Boy, Inc.	*		13,087		191,463
M/I Homes, Inc.	*		1,741		33,671
MDC Holdings, Inc.			5,581		214,924
Meritage Homes Corp.	*		4,845		184,255
Mohawk Industries, Inc.	*		8,152		652,323
NACCO Industries, Inc., Class A			441		55,306
NVR, Inc.	*		753		635,909
Ryland Group, Inc. (The)			9,672		290,160
Sealy Corp.	*†		6,171		13,453
Skyline Corp.	*		918		4,966
Standard Pacific Corp.	*†		29,234		197,622


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Tempur-Pedic International, Inc.	*		8,386	$	250,658
Toll Brothers, Inc.	*		18,392		611,166
Tupperware Brands Corp.			8,397		449,995
Universal Electronics, Inc.	*		3,125		54,938

					5,646,820

Household Products—0.5%
Central Garden and Pet Co., Class A	*		2,770		33,461
Church & Dwight Co., Inc.			24,775		1,337,602
Energizer Holdings, Inc.			11,077		826,455
Harbinger Group, Inc.	*		15,125		127,504
WD-40 Co.			2,756		145,076

					2,470,098

Independent Power Producers & Energy Traders—0.4%
Atlantic Power Corp.			7,482		111,931
Calpine Corp.	*		89,210		1,543,333
CollabRx, Inc.	*		62		219
Genie Energy Ltd., Class B			4,871		34,925
GenOn Energy, Inc.	*		130,734		330,757
Ormat Technologies, Inc.	†		9,093		170,494

					2,191,659

Industrial Conglomerates—0.2%
Carlisle Cos., Inc.			9,558		496,251
Raven Industries, Inc.			10,824		318,550
Seaboard Corp.	*		43		97,186
Standex International Corp.			1,584		70,409

					982,396

Insurance—4.1%
Alleghany Corp.	*		1,802		621,582
Alterra Capital Holdings Ltd. (Bermuda)			13,003		311,292
American Financial Group, Inc.			21,040		797,416
American National Insurance Co.			3,719		267,136
American Safety Insurance Holdings Ltd.	*		8,481		158,510
AMERISAFE, Inc.	*		5,765		156,462
Amtrust Financial Services, Inc.	†		12,023		308,029
Arch Capital Group Ltd. (Bermuda)	*		20,502		854,523
Argo Group International Holdings Ltd. (Bermuda)			3,031		98,174
Arthur J. Gallagher & Co.			18,868		675,852
Aspen Insurance Holdings Ltd. (Bermuda)			19,083		581,841
Assured Guaranty Ltd. (Bermuda)			23,630		321,841
Axis Capital Holdings Ltd. (Bermuda)			23,436		818,385
Baldwin & Lyons, Inc., Class B			1,316		31,466
Brown & Brown, Inc.			21,301		555,317
Citizens, Inc.	*†		26,322		276,118
CNA Financial Corp.			8,025		215,070
CNO Financial Group, Inc.			33,835		326,508
Crawford & Co., Class B			3,543		17,750
eHealth, Inc.	*		9,146		171,670
EMC Insurance Group, Inc.			1,041		21,861
Employers Holdings, Inc.			8,216		150,599
Endurance Specialty Holdings Ltd. (Bermuda)			8,343		321,205
Enstar Group Ltd. (Bermuda)	*		626		62,381
Erie Indemnity Co., Class A			4,229		271,798
Everest Re Group Ltd. (Bermuda)			8,159		872,687
FBL Financial Group, Inc., Class A			2,268		75,298


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Fidelity National Financial, Inc., Class A			34,685	$	741,912
First American Financial Corp.			13,864		300,433
Flagstone Reinsurance Holdings SA (Luxembourg)			11,279		96,887
Hanover Insurance Group, Inc. (The)			4,762		177,432
HCC Insurance Holdings, Inc.			17,374		588,805
Hilltop Holdings, Inc.	*		18,258		232,059
Horace Mann Educators Corp.			16,564		299,974
Independence Holding Co.			6,525		65,707
Infinity Property & Casualty Corp.			1,280		77,299
Kansas City Life Insurance Co.			1,203		46,352
Kemper Corp.			11,715		359,768
Markel Corp.	*		1,240		568,528
MBIA, Inc.	*		16,677		168,938
Meadowbrook Insurance Group, Inc.			30,802		236,867
Mercury General Corp.			4,554		176,012
Montpelier Re Holdings Ltd. (Bermuda)			11,312		250,334
National Financial Partners Corp.	*		9,598		162,206
Navigators Group, Inc. (The)	*		1,745		85,898
Old Republic International Corp.			33,631		312,768
OneBeacon Insurance Group Ltd., Class A			9,986		134,212
PartnerRe Ltd. (Bermuda)			9,458		702,540
Phoenix Cos., Inc. (The)	*†		1,471		45,116
Platinum Underwriters Holdings Ltd. (Bermuda)			7,129		291,362
Presidential Life Corp.			2,568		35,772
ProAssurance Corp.			3,102		280,545
Protective Life Corp.			9,843		257,985
Reinsurance Group of America, Inc.			11,745		679,683
RenaissanceRe Holdings Ltd. (Bermuda)			8,998		693,206
RLI Corp.	†		1,980		131,987
Safety Insurance Group, Inc.			1,536		70,472
SeaBright Holdings, Inc.			5,072		55,792
Selective Insurance Group, Inc.			9,573		181,791
StanCorp Financial Group, Inc.			10,880		339,891
State Auto Financial Corp.			2,585		42,368
Stewart Information Services Corp.			1,684		33,916
Symetra Financial Corp.			15,274		187,870
Tower Group, Inc.			3,847		74,593
United Fire Group, Inc.			2,592		65,111
Validus Holdings Ltd. (Bermuda)			13,643		462,634
W.R. Berkley Corp.			21,597		809,671
White Mountains Insurance Group Ltd.			706		362,418

					20,227,885

Internet & Catalog Retail—0.5%
1-800-Flowers.com, Inc., Class A	*		2,113		7,881
Blue Nile, Inc.	*†		2,444		90,648
dELiA*s, Inc.	*		8,443		11,736
Geeknet, Inc.	*		1,436		27,787
Groupon, Inc.	*†		5,455		25,966
Hollywood Media Corp.	*		10,671		14,299
HSN, Inc.			3,145		154,262
Liberty Interactive Corp., Series A	*		82,227		1,521,200
Liberty Ventures, Series A	*		4,111		204,070
Nutrisystem, Inc.	†		5,029		52,955
Overstock.com, Inc.	*		3,326		34,457


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Shutterfly, Inc.	*†		11,814	$	367,652
Valuevision Media, Inc., Class A	*		34,796		81,771

					2,594,684

Internet Software & Services—1.9%
AOL, Inc.	*		14,126		497,659
Autobytel, Inc.	*		951		3,642
Blucora, Inc.	*		11,869		211,387
comScore, Inc.	*		6,023		91,851
Constant Contact, Inc.	*		10,251		178,367
CoStar Group, Inc.	*		3,058		249,349
Crexendo, Inc.			1,043		3,155
DealerTrack Holdings, Inc.	*		4,113		114,547
Digital River, Inc.	*		5,786		96,395
EarthLink, Inc.			42,332		301,404
Equinix, Inc.	*		5,651		1,164,388
Facebook, Inc., Class A	*†		81,154		1,756,984
IAC/InterActiveCorp			15,369		800,110
Internap Network Services Corp.	*		12,216		86,123
Inuvo, Inc.	*		2,034		1,485
Ipass, Inc.	*		24,123		53,071
j2 Global, Inc.	†		7,537		247,364
Keynote Systems, Inc.			3,262		47,234
Limelight Networks, Inc.	*†		6,937		16,233
LinkedIn Corp., Class A	*		1,430		172,172
Liquidity Services, Inc.	*†		3,959		198,781
LivePerson, Inc.	*		8,484		153,645
LogMeIn, Inc.	*		6,170		138,393
Looksmart Ltd.	*		4,010		3,448
Marchex, Inc., Class B	†		2,710		10,352
Move, Inc.	*		14,314		123,387
NIC, Inc.			10,696		158,301
OpenTable, Inc.	*†		7,353		305,885
Perficient, Inc.	*		4,400		53,108
Rackspace Hosting, Inc.	*		14,515		959,296
RealNetworks, Inc.	*		4,328		36,009
Saba Software, Inc.	*		8,343		83,347
Stamps.com, Inc.	*		3,772		87,284
support.com, Inc.	*		4,962		20,989
United Online, Inc.			18,915		104,411
Unwired Planet, Inc.	*		21,687		41,639
ValueClick, Inc.	*		13,525		232,495
Vocus, Inc.	*		4,079		81,825
Web.com Group, Inc.	*		9,045		162,358
WebMD Health Corp.	*		6,687		93,819
WebMediaBrands, Inc.	*		574		1,314
XO Group, Inc.	*		3,458		28,874
Zix Corp.	*		18,330		52,607

					9,224,487

IT Services—2.2%
Acxiom Corp.	*		9,001		164,448
Alliance Data Systems Corp.	*†		8,712		1,236,668
Broadridge Financial Solutions, Inc.			23,680		552,454
CACI International, Inc., Class A	*†		4,046		209,542
Cass Information Systems, Inc.	†		1,333		55,946
CIBER, Inc.	*		14,012		48,622
Convergys Corp.			30,359		475,726
CoreLogic, Inc.	*		15,057		399,462
CSG Systems International, Inc.	*		4,930		110,876
DST Systems, Inc.			9,362		529,515
Edgewater Technology, Inc.	*		2,568		10,041
Euronet Worldwide, Inc.	*		6,728		126,419
FleetCor Technologies, Inc.	*		5,847		261,946


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Forrester Research, Inc.			2,455	$	70,630
Gartner, Inc.	*		17,701		815,839
Genpact Ltd.			33,812		563,984
Global Cash Access Holdings, Inc.	*		27,153		218,582
Global Payments, Inc.			14,275		597,123
Hackett Group, Inc. (The)	*		7,902		33,030
Heartland Payment Systems, Inc.			6,660		210,989
Higher One Holdings, Inc.	*†		8,271		111,493
iGATE Corp.	*		2,997		54,456
Jack Henry & Associates, Inc.			12,750		483,225
Lender Processing Services, Inc.			11,943		333,090
Lionbridge Technologies, Inc.	*		18,369		64,659
Management Network Group, Inc.	*		320		710
Mantech International Corp., Class A	†		3,037		72,888
MAXIMUS, Inc.			6,111		364,949
ModusLink Global Solutions, Inc.	*		10,739		39,627
MoneyGram International, Inc.	*		11,866		177,278
NCI, Inc., Class A	*		1,956		13,457
NeuStar, Inc., Class A	*		16,328		653,610
Online Resources Corp.	*		13,184		38,629
Pfsweb, Inc.	*		1,209		3,494
Sapient Corp.	*		25,306		269,762
StarTek, Inc.	*		1,875		5,625
Syntel, Inc.			3,095		193,159
TeleTech Holdings, Inc.	*		4,611		78,618
TNS, Inc.	*		6,651		99,432
Unisys Corp.	*†		7,450		155,109
Vantiv, Inc., Class A	*		4,376		94,303
VeriFone Systems, Inc.	*		13,471		375,167
Wright Express Corp.	*		5,323		371,120

					10,745,702

Leisure Equipment & Products—0.4%
Arctic Cat, Inc.	*		1,738		72,057
Brunswick Corp.			10,281		232,659
Callaway Golf Co.	†		18,335		112,577
JAKKS Pacific, Inc.			3,244		47,265
LeapFrog Enterprises, Inc.	*		19,865		179,182
Nautilus, Inc.	*		2,480		6,498
Polaris Industries, Inc.			8,781		710,119
Smith & Wesson Holding Corp.	*		25,585		281,691
Steinway Musical Instruments, Inc.	*		1,536		37,417
Sturm Ruger & Co., Inc.	†		2,146		106,206

					1,785,671

Life Sciences Tools & Services—0.9%
Affymetrix, Inc.	*		21,563		93,368
Albany Molecular Research, Inc.	*		2,944		10,216
Bio-Rad Laboratories, Inc., Class A	*		2,830		302,018
Bruker Corp.	*		19,689		257,729
Cambrex Corp.	*		6,259		73,418
Charles River Laboratories International, Inc.	*		11,766		465,934
Covance, Inc.	*		7,313		341,444
Enzo Biochem, Inc.	*		6,306		12,864
Furiex Pharmaceuticals, Inc.	*		2,109		40,240
Illumina, Inc.	*†		23,166		1,116,601
Luminex Corp.	*		6,030		117,223
Mettler-Toledo International, Inc.	*		3,712		633,787
PAREXEL International Corp.	*		8,690		267,304
Sequenom, Inc.	*†		27,582		97,364
Techne Corp.			6,204		446,316

					4,275,826


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Machinery—3.5%
Actuant Corp., Class A			12,782	$	365,821
AGCO Corp.	*		16,605		788,405
Albany International Corp., Class A			7,775		170,817
Ampco-Pittsburgh Corp.			986		18,192
Astec Industries, Inc.	*		2,247		71,028
Barnes Group, Inc.			11,835		295,993
Blount International, Inc.	*		13,845		182,200
Briggs & Stratton Corp.			9,174		171,279
Cascade Corp.			1,255		68,699
Chart Industries, Inc.	*†		4,867		359,428
CIRCOR International, Inc.			1,935		73,046
CLARCOR, Inc.			12,111		540,514
Colfax Corp.	*†		7,548		276,785
Columbus McKinnon Corp.	*		4,765		71,999
Commercial Vehicle Group, Inc.	*		6,660		48,951
Crane Co.			8,175		326,428
Donaldson Co., Inc.			25,670		891,006
Dynamic Materials Corp.	†		9,575		143,817
EnPro Industries, Inc.	*		5,844		210,442
ESCO Technologies, Inc.			2,714		105,439
Federal Signal Corp.	*		19,708		124,555
Flow International Corp.	*		9,896		36,615
FreightCar America, Inc.			2,798		49,776
Gardner Denver, Inc.			9,352		564,954
Gorman-Rupp Co. (The)			2,362		63,774
Graco, Inc.			13,302		668,825
Graham Corp.			1,617		29,219
Greenbrier Cos., Inc.	*		4,956		79,990
Harsco Corp.			14,896		305,815
Hurco Cos., Inc.	*		1,248		28,554
IDEX Corp.			17,560		733,481
ITT Corp.			14,806		298,341
John Bean Technologies Corp.			5,724		93,473
Kadant, Inc.	*		1,553		36,014
Kaydon Corp.			9,101		203,316
Kennametal, Inc.			13,046		483,746
L.B. Foster Co., Class A			951		30,755
Lincoln Electric Holdings, Inc.			13,869		541,584
Lindsay Corp.			969		69,739
Lydall, Inc.	*		2,982		42,016
Manitowoc Co., Inc. (The)	†		23,699		316,145
Meritor, Inc.	*		20,436		86,649
Middleby Corp.	*		2,361		273,026
Mueller Industries, Inc.			5,751		261,498
Mueller Water Products, Inc., Class A			30,046		147,225
Navistar International Corp.	*		10,153		214,127
NN, Inc.	*		6,804		57,766
Nordson Corp.			7,420		434,960
Oshkosh Corp.	*		13,390		367,288
RBC Bearings, Inc.	*		6,724		323,424
Robbins & Myers, Inc.			7,886		470,006
Sauer-Danfoss, Inc.			5,746		231,047
SPX Corp.			6,887		450,479
Tecumseh Products Co., Class A	*		1,703		8,822
Tennant Co.			3,185		136,382
Terex Corp.	*		20,581		464,719
Timken Co.			14,936		555,022
Titan International, Inc.	†		9,793		172,944
Toro Co. (The)			10,316		410,370
Trinity Industries, Inc.			9,007		269,940
Valmont Industries, Inc.			3,525		463,537


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Wabash National Corp.	*		16,414	$	117,032
Wabtec Corp.			9,853		791,097
Watts Water Technologies, Inc., Class A			7,251		274,305
Woodward, Inc.			9,791		332,698

					17,295,339

Marine—0.1%
Eagle Bulk Shipping, Inc.	*†		10,448		37,717
Genco Shipping & Trading Ltd.	*		24,517		90,223
International Shipholding Corp.	†		724		12,214
Kirby Corp.	*		8,425		465,734
Matson, Inc.			5,685		118,873

					724,761

Media—3.1%
A.H. Belo Corp., Class A			3,861		18,649
AMC Networks, Inc., Class A	*		11,748		511,273
Arbitron, Inc.			3,649		138,297
Belo Corp., Class A			9,503		74,408
Carmike Cinemas, Inc.	*		6,117		68,816
Charter Communications, Inc.,
Class A	*		9,451		709,487
Cinemark Holdings, Inc.			17,424		390,820
Clear Channel Outdoor Holdings, Inc., Class A	*		16,925		101,212
Crown Media Holdings, Inc., Class A	*†		4,399		7,346
Cumulus Media, Inc., Class A	*†		20,178		55,288
Digital Generation, Inc.	*†		2,455		27,889
DISH Network Corp., Class A			36,416		1,114,694
DreamWorks Animation SKG, Inc., Class A	*†		11,561		222,318
Emmis Communications Corp., Class A	*		4,461		8,967
Entercom Communications Corp., Class A	*		1,873		12,849
Entravision Communications Corp., Class A			4,930		6,606
EW Scripps Co. (The), Class A	*		3,000		31,950
Gray Television, Inc.	*		3,878		8,842
Harris Interactive, Inc.	*		10,590		15,461
Harte-Hanks, Inc.			4,646		32,197
John Wiley & Sons, Inc., Class A			8,182		375,963
Journal Communications, Inc., Class A	*		5,969		31,039
Lamar Advertising Co., Class A	*		11,114		411,885
Liberty Global, Inc., Series A	*		24,312		1,476,954
Liberty Media Corp.—Liberty Capital, Class A	*		19,305		2,011,002
LIN TV Corp., Class A	*		2,390		10,516
Lions Gate Entertainment Corp.	*		8,623		131,673
Live Nation Entertainment, Inc.	*		27,818		239,513
Madison Square Garden Co. (The), Class A	*		14,922		600,909
Martha Stewart Living Omnimedia, Class A	†		20,003		61,409
McClatchy Co. (The), Class A	*†		3,506		7,818
Media General, Inc., Class A	*†		1,595		8,262
Meredith Corp.	†		8,290		290,150
Morningstar, Inc.	†		5,535		346,712
National CineMedia, Inc.			13,811		226,086
Navarre Corp.	*		16,007		24,971
New Frontier Media, Inc.	*		6,104		8,118


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
New York Times Co. (The), Class A	*†		11,654	$	113,743
Radio Unica Communications Corp.	*‡d		1,900		—
Regal Entertainment Group, Class A	†		22,336		314,268
Salem Communications Corp., Class A			3,266		17,114
Scholastic Corp.			2,095		66,579
Sinclair Broadcast Group, Inc., Class A			7,563		84,781
Sirius XM Radio, Inc.	*†		714,786		1,858,444
Thomson Reuters Corp.			54,509		1,573,130
Valassis Communications, Inc.	*		8,118		200,433
Value Line, Inc.	†		573		5,592
Virgin Media, Inc.			34,230		1,007,731
World Wrestling Entertainment, Inc., Class A	†		4,170		33,569

					15,095,733

Metals & Mining—1.7%
AK Steel Holding Corp.	†		13,061		62,693
Allied Nevada Gold Corp.	*		17,040		665,582
AMCOL International Corp.			2,631		89,138
Carpenter Technology Corp.			6,934		362,787
Century Aluminum Co.	*		15,081		107,829
Coeur d’Alene Mines Corp.	*		19,535		563,194
Commercial Metals Co.			16,183		213,616
Compass Minerals International, Inc.			5,527		412,259
Globe Specialty Metals, Inc.			11,348		172,717
Haynes International, Inc.			1,995		104,039
Hecla Mining Co.	†		49,415		323,668
Horsehead Holding Corp.	*		13,896		129,789
Kaiser Aluminum Corp.			2,084		121,685
Materion Corp.			2,925		69,615
Molycorp, Inc.	*†		14,830		170,545
Olympic Steel, Inc.			3,361		56,734
Reliance Steel & Aluminum Co.			10,836		567,265
Royal Gold, Inc.			11,019		1,100,357
RTI International Metals, Inc.	*†		5,082		121,663
Schnitzer Steel Industries, Inc., Class A			3,033		85,379
Southern Copper Corp.	†		30,829		1,059,284
Steel Dynamics, Inc.			51,926		583,129
Stillwater Mining Co.	*		18,728		220,803
SunCoke Energy, Inc.	*		10,927		176,143
Tahoe Resources, Inc.	*		5,911		120,348
Universal Stainless & Alloy Products, Inc.	*		2,058		76,455
Walter Energy, Inc.			9,631		312,622
Worthington Industries, Inc.			8,883		192,406

					8,241,744

Multiline Retail—0.5%
Dillard’s, Inc., Class A			6,475		468,272
Dollar General Corp.	*		9,596		494,578
Fred’s, Inc., Class A			5,995		85,309
Saks, Inc.	*†		24,378		251,337
Sears Holdings Corp.	*†		17,232		956,203
Tuesday Morning Corp.	*		1,816		11,895

					2,267,594

Multi-Utilities—0.6%
Alliant Energy Corp.			16,939		734,983
Avista Corp.			15,256		392,689


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Black Hills Corp.			8,743	$	310,989
CH Energy Group, Inc.			1,512		98,598
MDU Resources Group, Inc.			37,545		827,492
NorthWestern Corp.			10,040		363,749
Vectren Corp.			15,419		440,983

					3,169,483

Office Electronics—0.1%
Zebra Technologies Corp., Class A	*		8,701		326,636

Oil, Gas & Consumable Fuels—3.8%
Abraxas Petroleum Corp.	*†		30,906		71,084
Adams Resources & Energy, Inc.			1,462		44,591
Apco Oil and Gas International, Inc.			2,488		40,032
Approach Resources, Inc.	*†		11,314		340,891
Arch Coal, Inc.			37,708		238,692
Berry Petroleum Co., Class A	†		8,684		352,831
Bill Barrett Corp.	*†		5,963		147,703
BP Prudhoe Bay Royalty Trust			3,434		322,281
BPZ Resources, Inc.	*†		27,149		77,646
Callon Petroleum Co.	*		20,318		124,956
Carrizo Oil & Gas, Inc.	*		8,019		200,555
Cheniere Energy, Inc.	*†		36,447		566,751
Cimarex Energy Co.			13,393		784,160
Clayton Williams Energy, Inc.	*		1,241		64,395
Cloud Peak Energy, Inc.	*		12,175		220,367
Comstock Resources, Inc.	*†		11,590		213,024
Concho Resources, Inc.	*		14,442		1,368,379
Contango Oil & Gas Co.	*		2,731		134,201
Continental Resources, Inc.	*		10,155		780,919
CREDO Petroleum Corp.	*		5,377		77,913
Cross Timbers Royalty Trust			1,515		47,859
Crosstex Energy, Inc.			8,856		124,250
DHT Holdings, Inc. (Jersey (Channel Islands))	*		1,639		10,260
Energen Corp.			13,114		687,305
Energy XXI Bermuda Ltd. (Bermuda)	†		15,053		526,102
Evergreen Energy, Inc.	*		373		15
EXCO Resources, Inc.	†		39,666		317,725
Forest Oil Corp.	*†		19,596		165,586
FX Energy, Inc.	*		20,766		154,914
GMX Resources, Inc.	*†		17,772		14,218
Goodrich Petroleum Corp.	*†		9,150		115,656
Gulfport Energy Corp.	*		8,914		278,652
Harvest Natural Resources, Inc.	*†		4,175		37,241
HollyFrontier Corp.			27,180		1,121,719
Hugoton Royalty Trust			8,143		53,662
James River Coal Co.	*†		10,211		29,408
Kodiak Oil & Gas Corp.	*†		56,931		532,874
Magnum Hunter Resources Corp.	*†		36,378		161,518
McMoRan Exploration Co.	*†		27,649		324,876
Northern Oil and Gas, Inc.	*†		10,226		173,740
Oasis Petroleum, Inc.	*†		7,445		219,404
Overseas Shipholding Group, Inc.	†		3,627		23,938
PDC Energy, Inc.	*†		3,828		121,080
Penn Virginia Corp.			4,723		29,283
Petroquest Energy, Inc.	*		13,685		91,826
Plains Exploration & Production Co.	*		24,930		934,127
PostRock Energy Corp.	*		295		504
Quicksilver Resources, Inc.	*†		22,131		90,516
Rentech, Inc.	*		80,188		197,262
Resolute Energy Corp.	*†		5,849		51,881


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
REX American Resources Corp.	*		1,034	$	18,622
Rosetta Resources, Inc.	*		9,634		461,469
SandRidge Energy, Inc.	*†		80,303		559,712
SemGroup Corp., Class A	*		6,110		225,153
Ship Finance International Ltd. (Bermuda)	†		12,947		203,527
SM Energy Co.			10,452		565,558
Stone Energy Corp.	*		10,027		251,878
Swift Energy Co.	*		5,041		105,256
Syntroleum Corp.	*†		20,762		15,779
Teekay Corp. (Bermuda)			8,465		264,108
Tengasco, Inc.	*		9,394		6,858
Ultra Petroleum Corp.	*†		30,853		678,149
Uranium Resources, Inc.	*†		78,345		39,956
USEC, Inc.	*†		30,878		24,085
Vaalco Energy, Inc.	*		28,928		247,334
Verenium Corp.	*		6,543		21,265
W&T Offshore, Inc.			2,946		55,326
Warren Resources, Inc.	*		23,225		70,604
Western Refining, Inc.	†		13,863		362,933
Westmoreland Coal Co.	*†		4,305		42,749
Whiting Petroleum Corp.	*		19,631		930,117
World Fuel Services Corp.			10,762		383,235
ZaZa Energy Corp.	*†		22,201		65,937

					18,408,382

Paper & Forest Products—0.4%
Buckeye Technologies, Inc.			10,262		329,000
Clearwater Paper Corp.	*		3,863		159,581
Deltic Timber Corp.			1,046		68,262
Domtar Corp. (Canada)			4,889		382,760
Louisiana-Pacific Corp.	*		14,060		175,750
Neenah Paper, Inc.			2,110		60,430
P.H. Glatfelter Co.			19,358		344,766
Schweitzer-Mauduit International, Inc.			3,676		121,271
Wausau Paper Corp.			30,223		279,865

					1,921,685

Personal Products—0.4%
Elizabeth Arden, Inc.	*		3,488		164,773
Herbalife Ltd. (Cayman Islands)			18,109		858,367
Mannatech, Inc.	*		263		1,404
Medifast, Inc.	*†		6,739		176,225
Nu Skin Enterprises, Inc., Class A	†		11,273		437,730
Prestige Brands Holdings, Inc.	*		13,428		227,739
Reliv International, Inc.			3,018		3,893
USANA Health Sciences, Inc.	*†		2,706		125,748

					1,995,879

Pharmaceuticals—1.0%
Alexza Pharmaceuticals, Inc.	*†		10,270		45,188
Auxilium Pharmaceuticals, Inc.	*		12,905		315,656
AVANIR Pharmaceuticals, Inc., Class A	*†		57,291		183,331
Biosante Pharmaceuticals, Inc.	*†		310		586
Cadence Pharmaceuticals, Inc.	*†		9,924		38,902
Columbia Laboratories, Inc.	*		28,490		28,205
Depomed, Inc.	*		27,228		160,918
Durect Corp.	*		7,330		10,555
Emisphere Technologies, Inc.	*		3,412		853
Endo Health Solutions, Inc.	*		19,228		609,912
Heska Corp.			446		4,023
Hi-Tech Pharmacal Co., Inc.	*		2,404		79,596
Impax Laboratories, Inc.	*		9,974		258,925


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Medicines Co. (The)	*		12,199	$	314,856
Medicis Pharmaceutical Corp., Class A			7,253		313,837
Nektar Therapeutics	*†		11,384		121,581
Obagi Medical Products, Inc.	*		4,294		53,289
Optimer Pharmaceuticals, Inc.	*†		5,641		79,651
Pain Therapeutics, Inc.	*		10,298		52,005
Par Pharmaceutical Cos., Inc.	*		7,244		362,055
Pozen, Inc.	*		5,088		33,733
Questcor Pharmaceuticals, Inc.	*†		12,843		237,596
Salix Pharmaceuticals Ltd.	*		8,896		376,657
Santarus, Inc.	*		11,760		104,429
Sciclone Pharmaceuticals, Inc.	*		10,639		59,046
ViroPharma, Inc.	*†		12,330		372,613
Vivus, Inc.	*†		24,224		431,672
XenoPort, Inc.	*		16,376		187,669

					4,837,339

Professional Services—1.2%
Acacia Research Corp.	*		8,726		239,180
Advisory Board Co. (The)	*		4,934		235,993
Barrett Business Services, Inc.			3,976		107,750
CBIZ, Inc.	*		32,523		195,788
CDI Corp.			2,129		36,257
Corporate Executive Board Co. (The)			7,185		385,331
CRA International, Inc.	*		1,427		24,658
Exponent, Inc.	*		1,790		102,191
FTI Consulting, Inc.	*		9,264		247,163
Heidrick & Struggles International, Inc.			3,000		38,220
Hudson Global, Inc.	*†		10,844		48,364
Huron Consulting Group, Inc.	*		3,574		124,447
ICF International, Inc.	*		8,590		172,659
IHS, Inc., Class A	*		8,175		795,836
Insperity, Inc.			3,965		100,037
Kelly Services, Inc., Class A			2,431		30,631
Kforce, Inc.	*		4,102		48,363
Korn/Ferry International	*		8,421		129,094
Manpower, Inc.			12,007		441,858
Navigant Consulting, Inc.	*		11,220		123,981
Odyssey Marine Exploration, Inc.	*†		24,771		78,276
On Assignment, Inc.	*		6,494		129,360
RCM Technologies, Inc.	*		13,065		71,074
Resources Connection, Inc.			3,825		50,146
Towers Watson & Co., Class A			12,774		677,661
TrueBlue, Inc.	*		13,711		215,537
Verisk Analytics, Inc., Class A	*		24,310		1,157,399

					6,007,254

Real Estate Investment Trusts (REITs)—10.6%
Acadia Realty Trust REIT			16,088		399,304
Agree Realty Corp. REIT			4,572		116,540
Alexander’s, Inc. REIT			496		212,035
Alexandria Real Estate Equities, Inc. REIT			10,524		773,724
American Assets Trust, Inc. REIT			5,602		150,078
American Campus Communities, Inc. REIT			18,126		795,369
American Capital Agency Corp. REIT			65,493		2,265,403
American Realty Capital Trust, Inc. REIT			15,188		178,155


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Annaly Capital Management, Inc. REIT	†		186,459	$	3,139,970
Anworth Mortgage Asset Corp. REIT			44,342		301,526
Apollo Commercial Real Estate Finance, Inc. REIT			5,200		90,168
Apollo Residential Mortgage, Inc. REIT			7,881		173,697
Arbor Realty Trust, Inc. REIT			6,648		39,689
ARMOUR Residential REIT, Inc. REIT			54,719		419,148
Ashford Hospitality Trust, Inc. REIT			24,783		208,177
Associated Estates Realty Corp. REIT			10,964		166,214
BioMed Realty Trust, Inc. REIT			22,994		430,448
Brandywine Realty Trust REIT			23,412		285,392
BRE Properties, Inc. REIT			12,917		605,678
BRT Realty Trust REIT	*		10,925		71,012
Camden Property Trust REIT			13,075		843,207
Capital Trust, Inc., Class A REIT	*		9,337		35,200
CapLease, Inc. REIT			22,151		114,521
Capstead Mortgage Corp. REIT			20,046		270,421
CBL & Associates Properties, Inc. REIT			33,587		716,747
Cedar Realty Trust, Inc. REIT			10,823		57,145
Chimera Investment Corp. REIT			185,548		502,835
Colonial Properties Trust REIT			17,084		359,618
CommonWealth REIT REIT			12,186		177,428
Corporate Office Properties Trust REIT			12,130		290,756
Cousins Properties, Inc. REIT			43,575		345,985
CubeSmart REIT			37,992		488,957
CYS Investments, Inc. REIT	†		34,604		487,570
DCT Industrial Trust, Inc. REIT			27,165		175,758
DDR Corp. REIT	†		34,333		527,355
DiamondRock Hospitality Co. REIT			34,477		332,014
Digital Realty Trust, Inc. REIT	†		21,449		1,498,213
Douglas Emmett, Inc. REIT			19,265		444,444
Duke Realty Corp. REIT			38,155		560,878
DuPont Fabros Technology, Inc. REIT	†		12,750		321,937
EastGroup Properties, Inc. REIT			8,574		456,137
Education Realty Trust, Inc. REIT			33,387		363,918
Entertainment Properties Trust REIT			11,873		527,517
Equity Lifestyle Properties, Inc. REIT			7,789		530,587
Equity One, Inc. REIT			13,749		289,554
Essex Property Trust, Inc. REIT			5,973		885,438
Extra Space Storage, Inc. REIT			24,311		808,341
Federal Realty Investment Trust REIT			11,001		1,158,405
FelCor Lodging Trust, Inc. REIT	*		33,618		159,349
First Industrial Realty Trust, Inc. REIT	*		12,017		157,903
First Potomac Realty Trust REIT			11,442		147,373
Franklin Street Properties Corp. REIT			16,006		177,186
General Growth Properties, Inc. REIT			85,843		1,672,222
Getty Realty Corp. REIT	†		3,716		66,702
Glimcher Realty Trust REIT			20,964		221,589


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Government Properties Income Trust REIT	†		14,341	$	335,579
Gramercy Capital Corp. REIT	*		21,078		63,445
Hatteras Financial Corp. REIT			17,493		493,128
Healthcare Realty Trust, Inc. REIT			23,089		532,201
Healthcare Trust of America, Inc. REIT	†		17,863		174,700
Hersha Hospitality Trust REIT			37,283		182,687
Highwoods Properties, Inc. REIT			11,752		383,350
Home Properties, Inc. REIT			7,075		433,485
Hospitality Properties Trust REIT			20,608		490,058
Inland Real Estate Corp. REIT			38,025		313,706
Invesco Mortgage Capital, Inc. REIT			18,612		374,660
Investors Real Estate Trust REIT			23,875		197,446
iStar Financial, Inc. REIT	*†		17,809		147,459
Kilroy Realty Corp. REIT			10,178		455,771
Kite Realty Group Trust REIT			13,680		69,768
LaSalle Hotel Properties REIT			14,030		374,461
Lexington Realty Trust REIT	†		15,470		149,440
Liberty Property Trust REIT	†		17,811		645,471
LTC Properties, Inc. REIT			6,423		204,573
Macerich Co. (The) REIT			23,884		1,366,881
Mack-Cali Realty Corp. REIT			12,266		326,276
Medical Properties Trust, Inc. REIT			26,987		282,014
MFA Financial, Inc. REIT			35,167		298,920
Mid-America Apartment Communities, Inc. REIT			7,444		486,168
Mission West Properties, Inc. REIT			9,069		78,900
Monmouth Real Estate Investment Corp., Class A REIT			10,886		121,814
MPG Office Trust, Inc. REIT	*†		32,440		108,674
National Health Investors, Inc. REIT			3,674		188,991
National Retail Properties, Inc. REIT	†		10,392		316,956
Newcastle Investment Corp. REIT			20,499		154,357
NorthStar Realty Finance Corp. REIT	†		20,272		128,930
Omega Healthcare Investors, Inc. REIT			19,310		438,916
Parkway Properties, Inc. REIT			10,469		139,971
Pebblebrook Hotel Trust REIT			8,035		187,939
Pennsylvania Real Estate Investment Trust REIT			6,555		103,962
PennyMac Mortgage Investment Trust REIT			17,296		404,208
Piedmont Office Realty Trust, Inc., Class A REIT			28,141		487,965
PMC Commercial Trust REIT			2,035		15,262
Post Properties, Inc. REIT			8,338		399,890
Potlatch Corp. REIT			9,789		365,815
PS Business Parks, Inc. REIT			2,861		191,172
RAIT Financial Trust REIT			25,884		135,891
Ramco-Gershenson Properties Trust REIT			18,567		232,645
Rayonier, Inc. REIT			20,078		984,023
Realty Income Corp. REIT	†		19,515		797,968
Redwood Trust, Inc. REIT	†		23,999		347,026
Regency Centers Corp. REIT			15,148		738,162
Resource Capital Corp. REIT			26,944		158,431
RLJ Lodging Trust REIT			12,933		244,563
Rouse Properties, Inc. REIT	†		10,391		149,111


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Sabra Health Care REIT, Inc. REIT			7,264	$	145,353
Saul Centers, Inc. REIT			3,363		149,317
Senior Housing Properties Trust REIT			27,012		588,321
SL Green Realty Corp. REIT			16,034		1,283,842
Sovran Self Storage, Inc. REIT			8,547		494,444
Starwood Property Trust, Inc. REIT			26,919		626,405
Strategic Hotels & Resorts, Inc. REIT	*		30,630		184,086
Sun Communities, Inc. REIT	†		3,803		167,788
Sunstone Hotel Investors, Inc. REIT	*		15,570		171,270
Tanger Factory Outlet Centers, Inc. REIT			21,379		691,183
Taubman Centers, Inc. REIT			8,675		665,633
Two Harbors Investment Corp. REIT			42,144		495,192
UDR, Inc. REIT			42,512		1,055,148
Universal Health Realty Income Trust REIT			4,320		198,634
Urstadt Biddle Properties, Inc., Class A REIT			9,838		199,023
Washington Real Estate Investment Trust REIT			16,572		444,461
Weingarten Realty Investors REIT	†		20,384		572,994
Winthrop Realty Trust REIT			5,324		57,393

					51,588,613

Real Estate Management & Development—0.7%
Alexander & Baldwin, Inc.	*		6,770		199,918
Altisource Portfolio Solutions SA (Luxembourg)	*		3,528		304,290
Brookfield Office Properties, Inc. (Canada)			55,336		916,364
Consolidated-Tomoka Land Co.			530		17,432
Forest City Enterprises, Inc., Class A	*		33,533		531,498
Forestar Group, Inc.	*		8,367		139,394
Howard Hughes Corp. (The)	*		4,804		341,324
Jones Lang LaSalle, Inc.			6,662		508,644
St. Joe Co. (The)	*†		9,635		187,883
Tejon Ranch Co.	*		4,087		122,773
Thomas Properties Group, Inc.			2,396		13,945

					3,283,465

Road & Rail—1.3%
Amerco, Inc.			547		58,179
Arkansas Best Corp.			2,819		22,326
Avis Budget Group, Inc.	*		7,762		119,380
Celadon Group, Inc.			11,882		190,944
Con-way, Inc.			6,152		168,380
Dollar Thrifty Automotive Group, Inc.	*		5,367		466,553
Genesee & Wyoming, Inc., Class A	*		8,456		565,368
Heartland Express, Inc.			15,449		206,399
Hertz Global Holdings, Inc.	*		22,711		311,822
J.B. Hunt Transport Services, Inc.			19,188		998,544
Kansas City Southern			20,188		1,529,847
Knight Transportation, Inc.			14,495		207,278
Landstar System, Inc.			8,939		422,636
Old Dominion Freight Line, Inc.	*		12,723		383,726
PAM Transportation Services, Inc.			1,139		11,350
Quality Distribution, Inc.	*		5,838		54,001
RailAmerica, Inc.	*		6,389		175,506
Saia, Inc.	*		2,156		43,422


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Swift Transportation Co.	*†		21,197	$	182,718
Werner Enterprises, Inc.			11,650		248,960
YRC Worldwide, Inc.	*		17		115

					6,367,454

Semiconductors & Semiconductor Equipment—2.3%
Advanced Energy Industries, Inc.	*		9,964		122,757
Amkor Technology, Inc.	*†		26,356		115,966
ANADIGICS, Inc.	*		15,184		21,106
Applied Micro Circuits Corp.	*		11,626		58,828
Atmel Corp.	*		90,250		474,715
ATMI, Inc.	*		3,386		62,878
Axcelis Technologies, Inc.	*		20,883		21,927
AXT, Inc.	*		5,871		19,844
Brooks Automation, Inc.			9,612		77,184
Cabot Microelectronics Corp.			5,893		207,080
Cavium, Inc.	*†		11,274		375,762
Ceva, Inc.	*		3,801		54,658
Cirrus Logic, Inc.	*		13,998		537,383
Cohu, Inc.			1,889		17,738
Cree, Inc.	*†		14,245		363,675
Cymer, Inc.	*†		3,321		169,570
Cypress Semiconductor Corp.	*		21,129		226,503
Diodes, Inc.	*		3,326		56,575
DSP Group, Inc.	*		4,251		25,251
Entegris, Inc.	*		30,372		246,924
Exar Corp.	*†		4,600		36,800
Fairchild Semiconductor International, Inc.	*		14,112		185,149
FormFactor, Inc.	*		11,437		63,933
FSI International, Inc.	*		4,280		26,536
GigOptix, Inc.	*		5,164		9,863
GT Advanced Technologies, Inc.	*†		28,398		154,769
Hittite Microwave Corp.	*		6,713		372,370
Integrated Device Technology, Inc.	*		33,005		194,069
Integrated Silicon Solution, Inc.	*		2,930		27,132
International Rectifier Corp.	*		7,620		127,178
Intersil Corp., Class A			13,128		114,870
IXYS Corp.	*		3,270		32,438
Kopin Corp.	*		10,484		39,420
Kulicke & Soffa Industries, Inc.	*		11,993		124,727
Lattice Semiconductor Corp.	*		16,642		63,739
LTX-Credence Corp.	*		8,847		50,870
Marvell Technology Group Ltd. (Bermuda)			78,244		715,933
Mattson Technology, Inc.	*		11,630		11,281
Maxim Integrated Products, Inc.			37,778		1,005,650
Micrel, Inc.			11,121		115,881
Microsemi Corp.	*		13,240		265,727
Mindspeed Technologies, Inc.	*†		9,324		32,261
MIPS Technologies, Inc.	*		15,340		113,363
MKS Instruments, Inc.			4,420		112,666
Monolithic Power Systems, Inc.	*		2,918		57,631
MoSys, Inc.	*†		16,699		67,464
NVE Corp.	*		771		45,636
OmniVision Technologies, Inc.	*		11,385		158,878
ON Semiconductor Corp.	*		65,798		405,974
PDF Solutions, Inc.	*†		9,022		123,241
Pericom Semiconductor Corp.	*		5,204		45,197
Photronics, Inc.	*		15,405		82,725
PLX Technology, Inc.	*		17,286		99,740
PMC—Sierra, Inc.	*		56,477		318,530
Power Integrations, Inc.			4,153		126,376
QuickLogic Corp.	*†		14,701		41,163


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Rambus, Inc.	*		13,734	$	76,086
Ramtron International Corp.	*		11,651		35,885
RF Micro Devices, Inc.	*		31,040		122,608
Rudolph Technologies, Inc.	*		2,516		26,418
Semtech Corp.	*		9,874		248,331
Sigma Designs, Inc.	*		8,818		58,287
Silicon Image, Inc.	*		8,359		38,368
Silicon Laboratories, Inc.	*		8,366		307,534
Skyworks Solutions, Inc.	*		30,058		708,317
SunPower Corp.	*†		12,586		56,763
Supertex, Inc.	*		3,157		56,447
Tessera Technologies, Inc.			6,777		92,709
Transwitch Corp.	*		31,341		34,162
TriQuint Semiconductor, Inc.	*		34,569		174,573
Ultra Clean Holdings, Inc.	*		6,562		37,469
Ultratech, Inc.	*		2,462		77,258
Veeco Instruments, Inc.	*†		5,359		160,877
Volterra Semiconductor Corp.	*		3,597		78,666

					11,216,262

Software—4.1%
Accelrys, Inc.	*		6,341		54,913
ACI Worldwide, Inc.	*		4,103		173,393
Activision Blizzard, Inc.			90,421		1,019,949
Actuate Corp.	*		9,173		64,486
Advent Software, Inc.	*		5,224		128,354
American Software, Inc., Class A			7,072		57,707
ANSYS, Inc.	*		14,258		1,046,537
Ariba, Inc.	*		13,705		613,984
Aspen Technology, Inc.	*		11,581		299,369
Blackbaud, Inc.			6,583		157,465
Bottomline Technologies, Inc.	*		7,908		195,248
BroadSoft, Inc.	*†		2,938		120,517
Cadence Design Systems, Inc.	*		53,095		683,067
Callidus Software, Inc.	*		14,237		70,188
CommVault Systems, Inc.	*		8,874		520,904
Compuware Corp.	*		23,815		236,007
Comverse Technology, Inc.	*		15,212		93,554
Concur Technologies, Inc.	*†		7,229		532,994
Datawatch Corp.	*		3,500		70,945
Ebix, Inc.	†		3,924		92,646
EPIQ Systems, Inc.			7,191		96,503
Evolving Systems, Inc.			1,123		6,918
FactSet Research Systems, Inc.	†		6,575		633,961
Fair Isaac Corp.			4,616		204,304
FalconStor Software, Inc.	*†		8,712		20,473
Fortinet, Inc.	*		19,429		469,016
Informatica Corp.	*		14,500		504,745
Interactive Intelligence Group, Inc.	*†		1,644		49,402
JDA Software Group, Inc.	*		8,151		259,039
Kenexa Corp.	*		4,449		203,898
Manhattan Associates, Inc.	*		2,125		121,699
Mentor Graphics Corp.	*		30,439		471,196
MICROS Systems, Inc.	*		11,115		545,969
MicroStrategy, Inc., Class A	*		977		130,986
Netscout Systems, Inc.	*		5,654		144,234
NetSuite, Inc.	*†		5,386		343,627
Nuance Communications, Inc.	*†		48,468		1,206,368
Parametric Technology Corp.	*		25,649		559,148
Pegasystems, Inc.	†		2,142		62,204
Progress Software Corp.	*		6,994		149,602
PROS Holdings, Inc.	*		2,944		56,142
QAD, Inc., Class B	*		136		1,816
QLIK Technologies, Inc.	*		9,118		204,334


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Quest Software, Inc.	*‡		11,892	$	332,976
Rovi Corp.	*		19,181		278,316
Scientific Learning Corp.	*		3,146		3,240
SeaChange International, Inc.	*		3,359		26,368
Smith Micro Software, Inc.	*		2,612		4,205
SolarWinds, Inc.	*		13,069		728,466
Solera Holdings, Inc.			13,734		602,511
Sonic Foundry, Inc.	*		1,155		9,217
Sourcefire, Inc.	*		4,489		220,096
Synchronoss Technologies, Inc.	*†		12,077		276,563
Synopsys, Inc.	*		27,981		923,933
Take-Two Interactive Software, Inc.	*		23,034		240,245
TeleCommunication Systems, Inc., Class A	*		67,716		146,267
THQ, Inc.	*†		5,840		21,608
TIBCO Software, Inc.	*		28,166		851,458
TiVo, Inc.	*		36,938		385,263
Tyler Technologies, Inc.	*		5,227		230,093
Ultimate Software Group, Inc.	*		3,872		395,331
VASCO Data Security International, Inc.	*		4,225		39,630
Versant Corp.	*		1,264		12,886
VirnetX Holding Corp.	*†		7,740		196,828
VMware, Inc., Class A	*		9,973		964,788
Websense, Inc.	*		5,524		86,451
Zynga, Inc., Class A	*†		34,113		96,881

					19,751,431

Specialty Retail—3.6%
Aaron’s, Inc.			20,249		563,125
Advance Auto Parts, Inc.			8,467		579,481
Aeropostale, Inc.	*		8,619		116,615
American Eagle Outfitters, Inc.			31,912		672,705
America’s Car-Mart, Inc.	*		1,569		71,342
ANN, Inc.	*		10,541		397,712
Asbury Automotive Group, Inc.	*		5,664		158,309
Ascena Retail Group, Inc.	*		19,188		411,583
Barnes & Noble, Inc.	*		3,301		42,187
bebe stores, Inc.			9,951		47,765
Big 5 Sporting Goods Corp.			2,416		24,039
Brown Shoe Co., Inc.			5,385		86,322
Buckle, Inc. (The)	†		4,179		189,852
Build-A-Bear Workshop, Inc.	*		5,570		21,723
Cabela’s, Inc.	*		10,417		569,602
Cache, Inc.	*		4,005		12,696
Casual Male Retail Group, Inc.	*		21,865		101,235
Cato Corp. (The), Class A			4,713		140,023
Chico’s FAS, Inc.			25,064		453,909
Children’s Place Retail Stores, Inc. (The)	*		4,359		261,540
Christopher & Banks Corp.			9,394		32,973
Citi Trends, Inc.	*		8,340		104,709
Coldwater Creek, Inc.	*†		47,132		39,120
Collective Brands, Inc.	*		6,749		146,521
Destination Maternity Corp.			2,707		50,621
Dick’s Sporting Goods, Inc.	†		13,341		691,731
DSW, Inc., Class A			3,315		221,177
Finish Line, Inc. (The), Class A			7,061		160,567
Foot Locker, Inc.			23,670		840,285
Genesco, Inc.	*		3,227		215,338
Group 1 Automotive, Inc.	†		2,367		142,564
Guess?, Inc.	†		11,553		293,677
Haverty Furniture Cos., Inc.			2,301		31,938
Hibbett Sports, Inc.	*		3,546		210,810


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Hot Topic, Inc.			22,025	$	191,617
JOS A. Bank Clothiers, Inc.	*†		3,491		169,244
Kirkland’s, Inc.	*		2,193		21,776
Lithia Motors, Inc., Class A			3,558		118,517
Lumber Liquidators Holdings, Inc.	*†		7,828		396,723
MarineMax, Inc.	*		3,026		25,085
Men’s Wearhouse, Inc. (The)			4,746		163,405
Monro Muffler Brake, Inc.	†		5,955		209,556
Office Depot, Inc.	*		52,060		133,274
OfficeMax, Inc.			6,942		54,217
Pacific Sunwear of California, Inc.	*†		18,790		46,975
Penske Automotive Group, Inc.			10,147		305,323
Pep Boys-Manny, Moe & Jack (The)			19,564		199,161
PetSmart, Inc.			20,979		1,447,131
Pier 1 Imports, Inc.			22,968		430,420
RadioShack Corp.	†		19,631		46,722
Rent-A-Center, Inc.			12,187		427,520
Sally Beauty Holdings, Inc.	*		19,894		499,140
Select Comfort Corp.	*		10,528		332,158
Shoe Carnival, Inc.			2,174		51,154
Signet Jewelers Ltd. (Bermuda)			14,589		711,360
Sonic Automotive, Inc., Class A			8,013		152,087
Stage Stores, Inc.			8,324		175,303
Stein Mart, Inc.	*		14,281		121,531
Systemax, Inc.	*		1,358		16,038
Tractor Supply Co.			11,885		1,175,308
Trans World Entertainment Corp.	*		1,932		7,032
Ulta Salon Cosmetics & Fragrance, Inc.			10,623		1,023,048
Vitamin Shoppe, Inc.	*		2,327		135,711
West Marine, Inc.	*		6,841		72,720
Wet Seal, Inc. (The), Class A	*		48,869		153,937
Williams-Sonoma, Inc.			9,809		431,302
Zale Corp.	*		12,363		85,305

					17,633,596

Textiles, Apparel & Luxury Goods—1.2%
Carter’s, Inc.	*		7,414		399,170
Charles & Colvard Ltd.	*		4,894		17,667
Cherokee, Inc.			2,054		29,906
Columbia Sportswear Co.	†		2,090		112,860
Crocs, Inc.	*		18,713		303,338
Culp, Inc.			888		10,443
Deckers Outdoor Corp.	*†		6,235		228,450
Fifth & Pacific Cos., Inc.	*†		16,691		213,311
Forward Industries, Inc.	*		3,751		4,389
Hanesbrands, Inc.	*		16,070		512,312
Iconix Brand Group, Inc.	*†		13,558		247,298
Jones Group, Inc. (The)			7,884		101,467
K-Swiss, Inc., Class A	*		10,721		36,773
Maidenform Brands, Inc.	*		3,598		73,687
Movado Group, Inc.			1,527		51,491
Oxford Industries, Inc.			3,507		197,970
PVH Corp.			9,479		888,372
Quiksilver, Inc.	*		16,228		53,877
Skechers U.S.A., Inc., Class A	*		7,438		151,735
Steven Madden Ltd.	*		7,089		309,931
True Religion Apparel, Inc.			5,573		118,872
Under Armour, Inc., Class A	*†		13,492		753,258
Unifi, Inc.	*		3,223		41,319
Warnaco Group, Inc. (The)	*		5,608		291,055


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Wolverine World Wide, Inc.			11,160	$	495,169

					5,644,120

Thrifts & Mortgage Finance—1.1%
Astoria Financial Corp.	†		12,205		120,585
Bank Mutual Corp.			18,221		82,906
BankUnited, Inc.			4,652		114,486
BBX Capital Corp., Class A	*		6,764		43,695
Beneficial Mutual Bancorp, Inc.	*		7,279		69,587
Brookline Bancorp, Inc.			10,999		97,011
Capitol Federal Financial, Inc.			29,545		353,358
CFS Bancorp, Inc.			2,085		11,384
Dime Community Bancshares, Inc.			3,549		51,248
Doral Financial Corp. (Puerto Rico)	*		70,932		66,726
ESSA Bancorp, Inc.			5,953		61,852
Federal Agricultural Mortgage Corp., Class C			4,576		117,786
Federal Home Loan Mortgage Corp.	*†		43,895		11,325
Federal National Mortgage Association	*†		66,437		18,469
First Financial Holdings, Inc.			3,864		50,193
First Financial Northwest, Inc.	*		4,938		39,751
Flagstar Bancorp, Inc.	*		49,751		54,726
Flushing Financial Corp.			2,981		47,100
Kearny Financial Corp.	†		3,008		29,298
MGIC Investment Corp.	*†		12,237		18,723
NASB Financial, Inc.	*†		529		13,140
New York Community Bancorp, Inc.	†		65,740		930,878
Northfield Bancorp, Inc.			6,837		109,529
Northwest Bancshares, Inc.			21,039		257,307
OceanFirst Financial Corp.			3,947		57,902
Ocwen Financial Corp.	*		23,494		643,971
Oritani Financial Corp.			20,044		301,662
Provident Financial Services, Inc.			16,334		257,914
Provident New York Bancorp			5,681		53,458
Radian Group, Inc.			23,028		99,941
Riverview Bancorp, Inc.	*		2,602		3,435
TFS Financial Corp.	*		13,499		122,436
Tree.com, Inc.	*		5,006		78,444
Trustco Bank Corp.			10,073		57,618
United Financial Bancorp, Inc.			5,398		78,109
ViewPoint Financial Group, Inc.			6,157		118,030
Washington Federal, Inc.			25,523		425,724
Westfield Financial, Inc.			8,596		64,384
WSFS Financial Corp.			1,929		79,629

					5,213,720

Tobacco—0.1%
Alliance One International, Inc.	*†		28,423		91,806
Universal Corp.			3,751		191,001
Vector Group Ltd.	†		22,944		380,641

					663,448

Trading Companies & Distributors—0.8%
Aceto Corp.			4,950		46,777
Air Lease Corp.	*†		12,769		260,488
Aircastle Ltd.			14,047		159,152
Applied Industrial Technologies, Inc.			10,609		439,531
Beacon Roofing Supply, Inc.	*†		14,827		422,569
GATX Corp.			10,704		454,278
H&E Equipment Services, Inc.			2,196		26,616
Houston Wire & Cable Co.			6,215		66,873
Kaman Corp.			2,736		98,113


Vantagepoint Mid/Small Company Index Fund
				Shares		Value
COMMON STOCKS—(Continued)
MSC Industrial Direct Co., Inc., Class A					6,582	$	444,022
Rush Enterprises, Inc., Class A			*		3,897		75,056
United Rentals, Inc.			*†		14,871		486,430
Watsco, Inc.					5,106		386,984
WESCO International, Inc.			*		5,516		315,515
Willis Lease Finance Corp.			*		1,234		15,228

							3,697,632

Water Utilities—0.6%
American States Water Co.					3,697		164,258
American Water Works Co., Inc.					31,246		1,157,977
Aqua America, Inc.					31,674		784,248
California Water Service Group					16,632		310,187
Connecticut Water Service, Inc.					3,803		121,316
Middlesex Water Co.					4,246		81,353
SJW Corp.			†		5,096		129,234

							2,748,573

Wireless Telecommunication Services—0.4%
Clearwire Corp., Class A			*†		23,621		31,888
Leap Wireless International, Inc.			*†		16,479		112,387
NII Holdings, Inc.			*†		25,758		202,200
NTELOS Holdings Corp.					1,551		26,941
SBA Communications Corp., Class A			*		22,201		1,396,443
Shenandoah Telecommunications Co.					2,133		37,541
Telephone & Data Systems, Inc.					4,863		124,541
United States Cellular Corp.			*		1,375		53,804
USA Mobility, Inc.					3,582		42,518

							2,028,263

TOTAL COMMON STOCKS (Cost $405,699,196)							478,677,140


Coupon Rate	Maturity Date			Face		Value
U.S. TREASURY OBLIGATIONS—0.1%
U.S. Treasury Bills—0.1%
U.S. Treasury Bill
0.094%		12/20/2012	‡‡
(Cost $409,914)					410,000		409,927


					Shares		Value
RIGHTS—0.0%
Machinery—0.0%
Gerber Scientific, Inc.			*‡d		3,478		—

Pharmaceuticals—0.0%
Forest Laboratories, Inc.			*‡d		2,916		—

Textiles, Apparel & Luxury Goods—0.0%
Mossimo, Inc.			*‡d		2,807		—

TOTAL RIGHTS (Cost $–)							—
WARRANTS—0.0%
Diversified Financial Services—0.0%
Pegasus Wireless Corp.			*‡d		200		—

Oil, Gas & Consumable Fuels—0.0%
Magnum Hunter Resources Corp., Expires 10/14/2013, Strike $10.50			*‡d		2,972		—


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
WARRANTS—(Continued)
TOTAL WARRANTS (Cost $–)				$	—

MONEY MARKET FUNDS—14.1%
Institutional Money Market Funds—14.1%
Dreyfus Institutional Cash Advantage Fund, 0.13%	††¥		10,000,000		10,000,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%	¥		6,423,023		6,423,023
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%	††¥		11,997,493		11,997,493
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.16%	††¥		10,000,000		10,000,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.17%	††¥		10,000,000		10,000,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.17%	††¥		10,000,000		10,000,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.15%	††¥		10,000,000		10,000,000

TOTAL MONEY MARKET FUNDS (Cost $68,420,516)					68,420,516

TOTAL INVESTMENTS—112.5% (Cost $474,529,626)					547,507,583
Other assets less liabilities—(12.5%)					(60,691,875	)

NET ASSETS—100.0%				$	486,815,708

Legend to the Schedule of Investments:

REIT	Real Estate Investment Trust

*	Non-income producing.

†	Denotes all or a portion of the security on loan.

d	Security has no market value at September 30, 2012.

‡	Security valued at fair value as determined by policies approved by the Board of Directors.

‡‡	Security or a portion of the security has been pledged as collateral for futures contracts and/or options contracts.

††	Represents reinvestment of collateral received in conjunction with securities lending.

¥	The rate quoted is the annualized seven-day yield of the fund at period end.


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—96.8%
Australia—8.6%
AGL Energy Ltd.			11,099	$	171,957
ALS Ltd.	†		6,710		59,484
Alumina Ltd.			52,912		46,072
Amcor Ltd.			25,788		206,917
AMP Ltd.			60,805		271,664
APA Group	†		14,492		71,093
Asciano Ltd.			20,462		92,230
ASX Ltd.			3,522		107,614
Australia & New Zealand Banking Group Ltd.			55,242		1,411,742
Bendigo and Adelaide Bank Ltd.	†		7,833		62,247
BHP Billiton Ltd.			66,541		2,273,628
Boral Ltd.			16,512		65,428
Brambles Ltd.			32,179		233,176
Caltex Australia Ltd.			2,904		49,478
Centro Retail Australia REIT			24,782		53,732
CFS Retail Property Trust Group REIT			43,842		87,477
Coca-Cola Amatil Ltd.			11,986		168,276
Cochlear Ltd.			1,128		78,256
Commonwealth Bank of Australia			32,845		1,891,152
Computershare Ltd.			8,966		76,927
Crown Ltd.			7,902		74,311
CSL Ltd.			10,461		497,565
Dexus Property Group REIT			98,639		96,975
Echo Entertainment Group Ltd.			13,011		51,456
Fairfax Media Ltd.	†		41,888		17,930
Fortescue Metals Group Ltd.	†		30,217		108,330
Goodman Group REIT	†		33,696		137,724
GPT Group REIT			29,912		105,151
Harvey Norman Holdings Ltd.	†		10,998		22,007
Iluka Resources Ltd.	†		9,119		93,214
Incitec Pivot Ltd.	†		34,633		106,344
Insurance Australia Group Ltd.			44,825		202,169
Leighton Holdings Ltd.			3,007		51,450
Lend Lease Group			11,091		89,840
Lynas Corp. Ltd.	*†		37,439		30,282
Macquarie Group Ltd.			6,807		199,599
Metcash Ltd.			16,948		62,047
Mirvac Group REIT			66,619		98,524
National Australia Bank Ltd.			46,540		1,223,621
Newcrest Mining Ltd.			15,655		470,606
Orica Ltd.			7,608		195,647
Origin Energy Ltd.			23,045		270,019
OZ Minerals Ltd.			7,183		49,866
Qantas Airways Ltd.	*		25,206		31,721
QBE Insurance Group Ltd.	†		24,560		328,006
QR National Ltd.			34,266		120,637
Ramsay Health Care Ltd.			2,635		65,504
Rio Tinto Ltd.			8,929		490,445
Santos Ltd.			19,665		230,718
Sonic Healthcare Ltd.			7,920		110,944
SP AusNet			35,545		38,535
Stockland REIT			48,769		168,239
Suncorp Group Ltd.			26,851		256,117
Sydney Airport			7,906		25,877
Tabcorp Holdings Ltd.			13,011		37,182
Tatts Group Ltd.			29,248		81,893
Telstra Corp. Ltd.			90,368		366,351
Toll Holdings Ltd.			13,906		63,244
Transurban Group			27,435		170,105
Wesfarmers Ltd.			20,696		732,479
Westfield Group REIT			45,394		477,018


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Westfield Retail Trust REIT			59,438	$	177,477
Westpac Banking Corp.	†		63,005		1,615,501
Whitehaven Coal Ltd.			8,680		25,588
Woodside Petroleum Ltd.			13,701		468,692
Woolworths Ltd.			25,309		753,625
WorleyParsons Ltd.			4,476		130,602

					18,699,727

Austria—0.3%
Andritz AG			1,416		80,288
Erste Group Bank AG	*		4,709		105,245
IMMOFINANZ AG	*		21,175		76,906
OMV AG			2,919		102,253
Raiffeisen Bank International AG	†		930		33,725
Telekom Austria AG			4,876		34,481
Verbund AG			1,308		27,095
Vienna Insurance Group AG Wiener Versicherung Gruppe			889		37,750
Voestalpine AG			2,136		64,030

					561,773

Belgium—1.1%
Ageas			4,683		112,506
Anheuser-Busch InBev NV			16,556		1,416,344
Belgacom SA			3,168		96,667
Colruyt SA	†		1,567		68,271
Delhaize Group SA			2,059		79,522
Groupe Bruxelles Lambert SA			1,713		127,227
Groupe Bruxelles Lambert SA STRIP VVPR	*d		127		—
KBC Groep NV			3,288		78,964
Mobistar SA			586		18,486
Solvay SA			1,220		141,381
Telenet Group Holding NV			1,103		49,311
UCB SA			2,384		131,188
Umicore SA			2,256		118,099

					2,437,966

China—0.0%
Foxconn International Holdings Ltd.	*		41,000		13,447
Yangzijiang Shipbuilding Holdings Ltd.			34,000		27,000

					40,447

Denmark—1.2%
A.P. Moller - Maersk A/S, Class A			12		81,131
A.P. Moller - Maersk A/S, Class B			28		200,179
Carlsberg A/S, Class B			2,293		203,139
Coloplast A/S, Class B			459		95,648
Danske Bank A/S	*		13,625		245,546
DSV A/S			3,821		85,780
Novo Nordisk A/S, Class B			8,469		1,332,800
Novozymes A/S, Class B			5,254		144,913
TDC A/S			9,968		72,729
Tryg A/S			491		31,841
William Demant Holding A/S	*		482		43,187

					2,536,893

Finland—0.7%
Elisa Oyj			2,840		64,268
Fortum Oyj			9,291		171,188
Kesko Oyj, Class B			1,238		35,090
Kone Oyj, Class B			3,257		225,739
Metso Oyj			2,573		92,166


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Neste Oil Oyj			3,010	$	39,546
Nokia Oyj	†		75,999		197,234
Nokian Renkaat Oyj			2,164		88,335
Orion Oyj, Class B			2,182		46,708
Pohjola Bank plc, Class A			2,462		32,455
Sampo Oyj, Class A			8,763		273,063
Stora Enso Oyj (Registered), Class R			11,073		68,988
UPM-Kymmene Oyj			10,836		122,877
Wartsila Oyj Abp			3,537		122,737

					1,580,394

France—8.5%
Accor SA			2,980		99,212
Aeroports de Paris			714		56,933
Air Liquide SA			6,436		797,749
Alcatel-Lucent	*†		46,002		50,753
Alstom SA			4,242		148,502
Arkema SA			1,359		127,206
AtoS			1,213		84,397
AXA SA			36,271		539,991
BNP Paribas SA			20,059		951,019
Bouygues SA			4,012		97,561
Bureau Veritas SA			1,071		109,945
Cap Gemini SA			2,968		125,424
Carrefour SA			11,752		243,779
Casino Guichard Perrachon SA			1,097		97,037
Christian Dior SA			1,172		156,992
Cie de Saint-Gobain			8,038		281,347
Cie Generale de Geophysique - Veritas	*		2,841		91,240
Cie Generale des Etablissements Michelin (Registered)			3,746		293,318
Cie Generale d’Optique Essilor International SA			4,110		384,597
CNP Assurances			2,704		35,289
Credit Agricole SA	*		19,718		135,627
Danone SA			11,903		732,380
Dassault Systemes SA			1,320		138,684
Edenred			3,706		104,063
Electricite de France SA			4,999		104,528
Eurazeo			640		29,293
Eutelsat Communications SA			2,752		88,421
Fonciere Des Regions REIT			530		39,831
France Telecom SA			38,042		460,673
GDF Suez			26,134		582,580
Gecina SA REIT			463		47,382
Groupe Eurotunnel SA			12,276		86,467
ICADE REIT			448		36,489
Iliad SA			506		82,348
Imerys SA			725		42,538
JCDecaux SA			1,204		27,254
Klepierre REIT			2,087		73,122
Lafarge SA			4,000		214,910
Lagardere SCA (Registered)			2,447		66,837
Legrand SA			5,100		192,237
L’Oreal SA			4,954		612,518
LVMH Moet Hennessy Louis Vuitton SA			5,227		784,668
Natixis			19,004		59,657
Pernod-Ricard SA			4,342		487,045
Peugeot SA	*†		5,165		40,775
PPR			1,585		243,267
Publicis Groupe SA			3,630		203,036


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Remy Cointreau SA			434	$	49,902
Renault SA			4,115		192,813
Rexel SA			2,092		42,095
Safran SA			4,631		166,575
Sanofi			24,531		2,099,277
Schneider Electric SA			10,717		633,626
SCOR SE			3,511		90,501
Societe BIC SA			579		69,933
Societe Generale SA	*		14,285		404,807
Sodexo			1,983		149,305
Suez Environnement Co.			5,623		63,605
Technip SA			2,019		224,334
Thales SA			2,071		71,091
Total SA	†		43,904		2,184,221
Unibail-Rodamco SE (Paris Exchange) REIT			1,878		374,221
Vallourec SA			2,264		95,653
Veolia Environnement SA			7,140		76,820
Vinci SA			9,357		398,121
Vivendi SA			26,438		515,198
Wendel SA			688		58,064
Zodiac Aerospace			664		64,828

					18,513,911

Germany—7.8%
Adidas AG			4,274		350,730
Allianz SE (Registered)			9,459		1,128,114
Axel Springer AG			720		31,227
BASF SE			18,938		1,600,187
Bayer AG			17,197		1,478,764
Bayerische Motoren Werke AG			6,788		497,762
Beiersdorf AG			2,124		155,997
Brenntag AG			1,060		135,827
Celesio AG			1,532		27,354
Commerzbank AG	*		76,473		136,808
Continental AG			1,683		165,059
Daimler AG (Registered)			18,825		913,682
Deutsche Bank AG (Registered)			19,102		756,620
Deutsche Boerse AG			3,965		219,414
Deutsche Lufthansa AG (Registered)			4,312		58,518
Deutsche Post AG (Registered)			17,563		343,106
Deutsche Telekom AG (Registered)			57,730		709,950
E.ON AG			37,382		888,306
Fraport AG Frankfurt Airport Services Worldwide			822		47,568
Fresenius Medical Care AG & Co. KGaA			4,358		319,661
Fresenius SE & Co. KGaA			2,544		295,401
GEA Group AG			3,459		104,873
Hannover Rueckversicherung AG (Registered)			1,341		85,813
HeidelbergCement AG			2,804		147,277
Henkel AG & Co. KGaA			2,728		178,050
Hochtief AG	*		558		26,169
Hugo Boss AG			403		35,495
Infineon Technologies AG			22,149		140,782
K+S AG			3,614		178,045
Kabel Deutschland Holding AG	*		1,819		129,849
Lanxess AG			1,754		145,697
Linde AG			3,875		667,894
MAN SE			886		81,264
Merck KGaA			1,293		159,612


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Metro AG			2,788	$	83,527
Muenchener Rueckversicherungs AG (Registered)			3,707		579,636
RWE AG			10,130		453,298
Salzgitter AG			718		27,788
SAP AG			19,129		1,361,285
Siemens AG (Registered)			16,968		1,697,149
Suedzucker AG			1,523		53,952
ThyssenKrupp AG			7,886		167,994
United Internet AG (Registered)			2,186		44,621
Volkswagen AG			616		103,255
Wacker Chemie AG	†		270		17,359

					16,930,739


Greece—0.0%
Coca Cola Hellenic Bottling Co. SA	*		3,863		72,125
OPAP SA			4,010		20,578

					92,703

Guernsey, Channel Islands—0.0%
Resolution Ltd.			28,824		101,148

Hong Kong—3.0%
AIA Group Ltd.			210,400		779,623
ASM Pacific Technology Ltd.	†		4,300		50,846
Bank of East Asia Ltd.			27,120		101,177
BOC Hong Kong Holdings Ltd.			77,000		243,520
Cathay Pacific Airways Ltd.			23,000		37,221
Cheung Kong Holdings Ltd.			29,000		423,653
Cheung Kong Infrastructure Holdings Ltd.			9,000		54,427
CLP Holdings Ltd.			38,000		322,543
First Pacific Co. Ltd.			42,000		45,419
Galaxy Entertainment Group Ltd.	*		32,000		106,316
Hang Lung Group Ltd.			18,000		113,670
Hang Lung Properties Ltd.			45,000		153,220
Hang Seng Bank Ltd.			16,000		244,592
Henderson Land Development Co. Ltd.			19,000		136,068
Hong Kong & China Gas Co. Ltd.			110,468		279,242
Hong Kong Exchanges and Clearing Ltd.			21,300		320,007
Hopewell Holdings Ltd.			11,000		37,904
Hutchison Whampoa Ltd.			44,000		424,326
Hysan Development Co. Ltd.			12,000		54,491
Kerry Properties Ltd.			15,000		75,641
Li & Fung Ltd.			121,200		186,897
Lifestyle International Holdings Ltd.			11,000		22,674
Link (The) REIT			48,500		229,712
MGM China Holdings Ltd.			18,400		31,604
MTR Corp. Ltd.			30,000		113,413
New World Development Co. Ltd.			72,900		112,339
Noble Group Ltd.			77,309		82,978
NWS Holdings Ltd.			26,500		42,477
Orient Overseas International Ltd.			3,700		20,277
PCCW Ltd.			84,000		34,245
Power Assets Holdings Ltd.			29,000		246,238
Shangri-La Asia Ltd.			34,000		65,756
Sino Land Co. Ltd.			63,000		117,322
SJM Holdings Ltd.			43,000		92,920
Sun Hung Kai Properties Ltd.			33,000		480,165
Swire Pacific Ltd., Class A			14,500		177,027
Wharf Holdings Ltd.			31,637		218,764


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Wheelock & Co. Ltd.			20,000	$	85,924
Wing Hang Bank Ltd.			3,000		28,090
Yue Yuen Industrial Holdings Ltd.			14,000		46,950

					6,439,678

Ireland—0.8%
CRH plc (Dublin Exchange)			15,281		293,476
Elan Corp. plc	*		10,793		115,951
Experian plc			20,860		347,334
Irish Bank Resolution Corp. Ltd.	*‡d		11,206		—
James Hardie Industries SE CDI			9,384		84,282
Kerry Group plc, Class A			3,210		164,207
Shire plc			11,495		339,088
WPP plc			25,740		350,601

					1,694,939

Israel—0.6%
Bank Hapoalim BM	*		22,424		80,009
Bank Leumi Le-Israel BM	*		25,538		71,572
Bezeq Israeli Telecommunication Corp. Ltd.			43,766		51,127
Delek Group Ltd.			117		19,629
Israel Chemicals Ltd.			9,235		112,166
Israel Corp. Ltd. (The)			39		24,831
Mellanox Technologies Ltd.	*		652		67,619
Mizrahi Tefahot Bank Ltd.	*		2,045		18,157
NICE Systems Ltd.	*		1,340		44,547
Teva Pharmaceutical Industries Ltd.			19,389		800,356

					1,290,013

Italy—2.0%
Assicurazioni Generali SpA			24,265		349,814
Atlantia SpA			6,684		103,968
Autogrill SpA			2,307		21,963
Banca Monte dei Paschi di Siena SpA	*†		100,790		29,279
Banco Popolare SC	*		35,958		53,900
Enel Green Power SpA			38,326		64,916
Enel SpA			136,230		482,617
ENI SpA	†		52,785		1,157,231
Exor SpA			1,270		32,001
Fiat Industrial SpA			18,313		179,343
Fiat SpA	*†		19,199		102,690
Finmeccanica SpA	*		7,024		33,388
Intesa Sanpaolo SpA			205,714		313,682
Intesa Sanpaolo SpA RSP			17,138		22,232
Luxottica Group SpA			2,311		81,519
Mediaset SpA			13,265		24,990
Mediobanca SpA			11,665		62,499
Pirelli & C. SpA	†		4,877		52,627
Prysmian SpA			4,225		75,517
Saipem SpA			5,378		259,168
Snam SpA			33,809		149,969
Telecom Italia SpA			196,107		197,000
Telecom Italia SpA RSP			121,188		106,159
Terna Rete Elettrica Nazionale SpA			28,443		106,060
UniCredit SpA	*		82,728		344,259
Unione di Banche Italiane ScpA			16,898		62,664

					4,469,455

Japan—19.5%
ABC-Mart, Inc.			600		26,479
Advantest Corp.	†		2,800		36,404


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Aeon Co. Ltd.			12,900	$	145,667
Aeon Credit Service Co. Ltd.	†		1,400		30,104
Aeon Mall Co. Ltd.			1,400		34,185
Air Water, Inc.			3,000		36,716
Aisin Seiki Co. Ltd.			3,800		108,222
Ajinomoto Co., Inc.			13,000		203,623
Alfresa Holdings Corp.	†		1,000		49,259
All Nippon Airways Co. Ltd.	†		19,000		39,938
Amada Co. Ltd.			7,000		30,587
Aozora Bank Ltd.			11,000		33,638
Asahi Glass Co. Ltd.			22,000		146,353
Asahi Group Holdings Ltd.			8,300		204,687
Asahi Kasei Corp.			27,000		139,175
Asics Corp.			3,000		40,467
Astellas Pharma, Inc.			9,175		464,988
Bank of Kyoto Ltd. (The)	†		6,000		50,763
Bank of Yokohama Ltd. (The)			25,000		118,881
Benesse Holdings, Inc.			1,300		62,906
Bridgestone Corp.			13,300		308,457
Brother Industries Ltd.	†		4,600		42,606
Canon, Inc.			23,300		747,876
Casio Computer Co. Ltd.	†		4,500		31,877
Central Japan Railway Co.			3,100		272,109
Chiba Bank Ltd. (The)			16,000		93,012
Chiyoda Corp.			3,000		46,608
Chubu Electric Power Co., Inc.	†		13,200		171,400
Chugai Pharmaceutical Co. Ltd.			4,400		92,222
Chugoku Bank Ltd. (The)			4,000		56,357
Chugoku Electric Power Co., Inc. (The)			6,200		82,411
Citizen Holdings Co. Ltd.			4,700		23,759
Coca-Cola West Holdings Co. Ltd.			1,200		19,899
Cosmo Oil Co. Ltd.			12,000		22,065
Credit Saison Co. Ltd.			3,100		74,895
Dai Nippon Printing Co. Ltd.	†		11,000		76,703
Daicel Corp.			7,000		41,927
Daido Steel Co. Ltd.			6,000		27,865
Daihatsu Motor Co. Ltd.	†		4,000		66,646
Dai-ichi Life Insurance Co. Ltd. (The)			183		206,988
Daiichi Sankyo Co. Ltd.	†		14,002		230,644
Daikin Industries Ltd.	†		4,800		124,148
Dainippon Sumitomo Pharma Co. Ltd.	†		3,000		32,961
Daito Trust Construction Co. Ltd.			1,500		150,576
Daiwa House Industry Co. Ltd.			11,000		159,389
Daiwa Securities Group, Inc.			34,000		129,142
Dena Co. Ltd.			2,100		69,663
Denki Kagaku Kogyo K.K.	†		11,000		34,089
Denso Corp.			9,900		311,062
Dentsu, Inc.	†		3,800		96,247
East Japan Railway Co.			7,000		463,156
Eisai Co. Ltd.	†		5,300		238,754
Electric Power Development Co. Ltd.			2,540		66,881
FamilyMart Co. Ltd.			1,200		58,955
FANUC Corp.			4,000		643,834
Fast Retailing Co. Ltd.			1,100		255,462
Fuji Electric Co. Ltd.	†		10,000		20,282
Fuji Heavy Industries Ltd.	†		13,000		108,309
FUJIFILM Holdings Corp.			9,700		162,461
Fujitsu Ltd.			40,000		150,169
Fukuoka Financial Group, Inc.	†		17,000		69,026


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Furukawa Electric Co. Ltd.	*		12,000	$	22,547
Gree, Inc.	†		1,800		32,862
GS Yuasa Corp.	†		8,000		33,260
Gunma Bank Ltd. (The)			8,000		40,627
Hachijuni Bank Ltd. (The)			8,000		44,355
Hakuhodo DY Holdings, Inc.			480		32,335
Hamamatsu Photonics KK			1,400		48,100
Hankyu Hanshin Holdings, Inc.			25,000		135,014
Hino Motors Ltd.	†		5,000		32,732
Hirose Electric Co. Ltd.			630		70,526
Hisamitsu Pharmaceutical Co., Inc.	†		1,200		66,415
Hitachi Chemical Co. Ltd.			2,300		31,021
Hitachi Construction Machinery Co. Ltd.	†		2,300		37,144
Hitachi High-Technologies Corp.			1,100		26,556
Hitachi Ltd.			95,000		527,546
Hitachi Metals Ltd.	†		3,000		26,727
Hokkaido Electric Power Co., Inc.			3,400		27,599
Hokuriku Electric Power Co.			3,200		38,788
Honda Motor Co. Ltd.			33,900		1,047,691
HOYA Corp.			9,100		199,637
Hulic Co. Ltd.	*		5,000		30,376
Ibiden Co. Ltd.	†		2,200		32,183
Idemitsu Kosan Co. Ltd.			400		32,716
IHI Corp.			26,000		57,907
INPEX Corp.			46		273,458
Isetan Mitsukoshi Holdings Ltd.			8,040		83,773
Isuzu Motors Ltd.			25,000		120,469
ITOCHU Corp.			31,200		314,973
Itochu Techno-Solutions Corp.			600		31,185
Iyo Bank Ltd. (The)			5,000		40,696
J. Front Retailing Co. Ltd.			10,600		59,405
Japan Petroleum Exploration Co.			500		20,039
Japan Prime Realty Investment Corp. REIT			16		48,237
Japan Real Estate Investment Corp. REIT			12		120,761
Japan Retail Fund Investment Corp. REIT	†		38		67,850
Japan Steel Works Ltd. (The)	†		6,000		33,342
Japan Tobacco, Inc.			18,500		553,774
JFE Holdings, Inc.	†		9,900		130,419
JGC Corp.			4,000		133,217
Joyo Bank Ltd. (The)			14,000		68,468
JS Group Corp.			5,800		138,215
JSR Corp.			3,500		57,279
JTEKT Corp.			4,700		37,151
Jupiter Telecommunications Co. Ltd.			48		48,745
JX Holdings, Inc.			46,810		255,703
Kajima Corp.	†		17,000		46,375
Kamigumi Co. Ltd.			5,000		41,315
Kaneka Corp.			6,000		28,885
Kansai Electric Power Co., Inc. (The)			15,300		119,341
Kansai Paint Co. Ltd.			5,000		55,415
Kao Corp.			10,700		314,594
Kawasaki Heavy Industries Ltd.			29,000		57,519
Kawasaki Kisen Kaisha Ltd.	*†		17,000		21,362
KDDI Corp.			5,500		426,594
Keikyu Corp.	†		10,000		94,205
Keio Corp.	†		11,000		82,884
Keisei Electric Railway Co. Ltd.			6,000		54,125


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Keyence Corp.			972	$	248,912
Kikkoman Corp.			4,000		54,621
Kinden Corp.	†		2,000		12,583
Kintetsu Corp.	†		34,000		133,144
Kirin Holdings Co. Ltd.			18,000		240,686
Kobe Steel Ltd.	†		54,000		42,783
Koito Manufacturing Co. Ltd.			2,000		23,089
Komatsu Ltd.			19,600		384,158
Konami Corp.	†		2,000		45,412
Konica Minolta Holdings, Inc.			10,500		80,773
Kubota Corp.			23,000		232,123
Kuraray Co. Ltd.			6,900		78,359
Kurita Water Industries Ltd.			2,600		57,484
Kyocera Corp.			3,200		277,277
Kyowa Hakko Kirin Co. Ltd.			5,000		60,381
Kyushu Electric Power Co., Inc.			9,300		76,697
Lawson, Inc.			1,300		99,794
Mabuchi Motor Co. Ltd.			400		18,291
Makita Corp.			2,400		92,901
Marubeni Corp.			35,000		222,513
Marui Group Co. Ltd.	†		4,000		28,286
Maruichi Steel Tube Ltd.			1,000		21,360
Mazda Motor Corp.	*		56,000		65,362
McDonald’s Holdings Co. Japan Ltd.			1,400		39,884
Medipal Holdings Corp.			2,800		38,542
MEIJI Holdings Co. Ltd.			1,302		64,613
Miraca Holdings, Inc.			1,200		53,890
Mitsubishi Chemical Holdings Corp.	†		28,500		108,856
Mitsubishi Corp.			28,800		521,650
Mitsubishi Electric Corp.			39,000		287,463
Mitsubishi Estate Co. Ltd.			26,000		497,123
Mitsubishi Gas Chemical Co., Inc.			9,000		45,142
Mitsubishi Heavy Industries Ltd.			63,000		272,454
Mitsubishi Logistics Corp.			3,000		35,658
Mitsubishi Materials Corp.			25,000		78,654
Mitsubishi Motors Corp.	*†		83,000		76,558
Mitsubishi Tanabe Pharma Corp.			4,800		72,847
Mitsubishi UFJ Financial Group, Inc.			264,840		1,239,333
Mitsubishi UFJ Lease & Finance Co. Ltd.			1,180		49,679
Mitsui & Co. Ltd.			35,600		499,456
Mitsui Chemicals, Inc.	†		20,000		38,965
Mitsui Fudosan Co. Ltd.			17,000		339,705
Mitsui OSK Lines Ltd.	†		24,000		55,836
Mizuho Financial Group, Inc.	†		469,780		762,470
MS&AD Insurance Group Holdings			10,474		180,806
Murata Manufacturing Co. Ltd.			4,200		223,593
Nabtesco Corp.	†		2,000		36,817
Namco Bandai Holdings, Inc.			4,150		70,306
NEC Corp.	*†		53,000		84,105
Nexon Co. Ltd.	*		2,100		28,994
NGK Insulators Ltd.	†		6,000		71,787
NGK Spark Plug Co. Ltd.	†		4,000		42,083
NHK Spring Co. Ltd.			3,000		25,778
Nidec Corp.	†		2,200		160,706
Nikon Corp.	†		7,100		195,231
Nintendo Co. Ltd.			2,200		279,450
Nippon Building Fund, Inc. REIT			13		140,128
Nippon Electric Glass Co. Ltd.	†		7,500		41,328
Nippon Express Co. Ltd.	†		19,000		71,967


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Nippon Meat Packers, Inc.			4,000	$	51,299
Nippon Paper Group, Inc.	†		1,900		22,350
Nippon Steel Corp.			153,245		313,806
Nippon Telegraph & Telephone Corp.			9,000		428,221
Nippon Yusen K.K.	†		33,000		58,295
Nishi-Nippon City Bank Ltd. (The)			15,000		34,719
Nissan Motor Co. Ltd.			51,400		437,450
Nisshin Seifun Group, Inc.	†		4,200		51,635
Nisshin Steel Co. Ltd.	‡		15,000		16,146
Nissin Foods Holdings Co. Ltd.	†		1,100		43,090
Nitori Holdings Co. Ltd.			700		64,970
Nitto Denko Corp.			3,400		161,840
NKSJ Holdings, Inc.			7,875		153,578
NOK Corp.			2,000		32,061
Nomura Holdings, Inc.			75,500		269,619
Nomura Real Estate Holdings, Inc.			1,700		29,809
Nomura Real Estate Office Fund, Inc. REIT			5		31,332
Nomura Research Institute Ltd.			2,150		44,308
NSK Ltd.	†		10,000		58,079
NTN Corp.			9,000		18,098
NTT Data Corp.	†		26		81,632
NTT DOCOMO, Inc.	†		314		507,322
NTT Urban Development Corp.			24		19,475
Obayashi Corp.			13,000		59,243
Odakyu Electric Railway Co. Ltd.	†		13,000		136,626
OJI Paper Co. Ltd.	†		17,000		51,737
Olympus Corp.	*†		4,800		93,714
Omron Corp.			4,400		84,553
Ono Pharmaceutical Co. Ltd.	†		1,700		104,605
Oracle Corp. Japan			900		46,350
Oriental Land Co. Ltd.			1,000		131,667
ORIX Corp.			2,240		224,358
Osaka Gas Co. Ltd.			38,000		167,193
Otsuka Corp.			300		26,829
Otsuka Holdings Co. Ltd.			7,700		238,630
Panasonic Corp.	†		46,800		309,650
Rakuten, Inc.			15,600		158,622
Resona Holdings, Inc.			38,600		158,048
Ricoh Co. Ltd.	†		14,000		118,226
Rinnai Corp.			600		44,780
Rohm Co. Ltd.			2,100		70,719
Sankyo Co. Ltd.			1,100		51,176
Sanrio Co. Ltd.			900		32,190
Santen Pharmaceutical Co. Ltd.			1,700		77,979
SBI Holdings, Inc.	†		5,210		33,567
Secom Co. Ltd.			4,500		234,552
Sega Sammy Holdings, Inc.			4,148		78,271
Seiko Epson Corp.	†		2,400		14,657
Sekisui Chemical Co. Ltd.			9,000		72,488
Sekisui House Ltd.			12,000		119,129
Seven & I Holdings Co. Ltd.			15,440		473,133
Seven Bank Ltd.			13,600		41,497
Sharp Corp.	†		20,000		49,460
Shikoku Electric Power Co., Inc.			3,600		40,582
Shimadzu Corp.			5,000		35,093
Shimamura Co. Ltd.			500		58,209
Shimano, Inc.			1,500		108,909
Shimizu Corp.	†		13,000		43,728
Shin-Etsu Chemical Co. Ltd.			8,500		477,692
Shinsei Bank Ltd.			30,000		38,753
Shionogi & Co. Ltd.			6,300		96,005


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Shiseido Co. Ltd.	†		7,800	$	106,917
Shizuoka Bank Ltd. (The)	†		11,000		112,558
Showa Denko K.K.			31,000		49,186
Showa Shell Sekiyu K.K.			4,500		23,814
SMC Corp.	†		1,100		177,027
Softbank Corp.			18,400		743,940
Sojitz Corp.	†		26,800		34,649
Sony Corp.	†		21,300		249,065
Sony Financial Holdings, Inc.			3,400		57,969
Square Enix Holdings Co. Ltd.			1,500		22,864
Stanley Electric Co. Ltd.			3,200		47,372
Sumco Corp.	*		1,900		12,791
Sumitomo Chemical Co. Ltd.	†		32,000		81,521
Sumitomo Corp.	†		23,000		309,410
Sumitomo Electric Industries Ltd.			15,400		162,865
Sumitomo Heavy Industries Ltd.	†		12,000		40,907
Sumitomo Metal Mining Co. Ltd.	†		11,000		138,396
Sumitomo Mitsui Financial Group, Inc.			27,900		869,313
Sumitomo Mitsui Trust Holdings, Inc.			64,740		192,203
Sumitomo Realty & Development Co. Ltd.	†		7,500		198,738
Sumitomo Rubber Industries Ltd.			3,800		45,192
Suruga Bank Ltd.	†		4,000		45,337
Suzuken Co. Ltd.			1,560		51,723
Suzuki Motor Corp.			7,800		151,499
Sysmex Corp.	†		1,500		72,127
T&D Holdings, Inc.			12,300		132,806
Taiheiyo Cement Corp.			22,000		47,360
Taisei Corp.			20,000		57,308
Taisho Pharmaceutical Holdings Co. Ltd.			690		56,121
Taiyo Nippon Sanso Corp.			5,000		26,298
Takashimaya Co. Ltd.			5,000		34,280
Takeda Pharmaceutical Co. Ltd.	†		16,220		746,243
TDK Corp.			2,500		92,965
Teijin Ltd.			19,000		46,428
Terumo Corp.	†		3,100		133,286
THK Co. Ltd.			2,700		41,255
Tobu Railway Co. Ltd.	†		22,000		118,376
Toho Co. Ltd.			2,400		44,127
Toho Gas Co. Ltd.	†		9,000		59,721
Tohoku Electric Power Co., Inc.	*		8,800		70,726
Tokio Marine Holdings, Inc.			15,300		389,333
Tokyo Electric Power Co., Inc.	*		31,000		51,033
Tokyo Electron Ltd.			3,700		157,620
Tokyo Gas Co. Ltd.			52,000		285,945
Tokyu Corp.			24,000		114,642
Tokyu Land Corp.			9,000		48,096
TonenGeneral Sekiyu K.K.			6,000		52,042
Toppan Printing Co. Ltd.	†		12,000		69,598
Toray Industries, Inc.			30,000		177,482
Toshiba Corp.	†		84,000		269,220
Tosoh Corp.			9,000		17,087
TOTO Ltd.	†		5,000		36,729
Toyo Seikan Kaisha Ltd.			3,300		35,248
Toyo Suisan Kaisha Ltd.			2,000		50,046
Toyoda Gosei Co. Ltd.			1,200		24,031
Toyota Boshoku Corp.	†		1,400		14,523
Toyota Industries Corp.	†		3,300		92,375
Toyota Motor Corp.			56,900		2,231,010
Toyota Tsusho Corp.			4,200		89,719
Trend Micro, Inc.			2,200		61,340


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Tsumura & Co.			1,400	$	43,802
Ube Industries Ltd.			19,000		40,800
Unicharm Corp.	†		2,300		131,871
Ushio, Inc.			1,900		22,791
USS Co. Ltd.			460		48,580
West Japan Railway Co.			3,600		153,739
Yahoo! Japan Corp.			311		118,320
Yakult Honsha Co. Ltd.	†		1,900		90,092
Yamada Denki Co. Ltd.			1,700		74,574
Yamaguchi Financial Group, Inc.			4,000		32,367
Yamaha Corp.	†		2,700		24,997
Yamaha Motor Co. Ltd.			5,500		47,999
Yamato Holdings Co. Ltd.			7,600		120,199
Yamato Kogyo Co. Ltd.			700		20,614
Yamazaki Baking Co. Ltd.			2,000		26,767
Yaskawa Electric Corp.			4,000		26,679
Yokogawa Electric Corp.	†		4,300		49,629

					42,544,593

Luxembourg—0.4%
ArcelorMittal			19,884		286,219
Millicom International Cellular SA SDR			1,299		120,529
SES SA FDR			6,158		167,458
Tenaris SA			9,898		202,553

					776,759

Macau—0.1%
Sands China Ltd.			49,294		182,505
Wynn Macau Ltd.			31,256		83,796

					266,301

Malta—0.0%
BGP Holdings plc	*‡d		142,647		—

Mexico—0.1%
Fresnillo plc			3,849		115,528

Netherlands—4.7%
Aegon NV			34,731		180,559
Akzo Nobel NV			4,890		276,123
ASML Holding NV			8,609		460,482
Corio NV REIT			1,453		61,777
D.E. Master Blenders 1753 NV	*		11,905		143,559
Delta Lloyd NV			2,176		33,088
European Aeronautic Defence and Space Co. NV			8,716		276,253
Fugro NV CVA			1,480		100,589
Gemalto NV			1,724		151,624
Heineken Holding NV			2,084		101,239
Heineken NV			4,752		283,268
ING Groep NV CVA	*		79,146		626,852
Koninklijke Ahold NV			21,556		269,980
Koninklijke Boskalis Westminster NV			1,476		53,320
Koninklijke DSM NV			3,156		157,435
Koninklijke KPN NV			20,981		159,712
Koninklijke Philips Electronics NV			21,594		504,165
Koninklijke Vopak NV			1,384		97,112
Qiagen NV	*		4,858		89,571
Randstad Holding NV			2,394		79,572
Reed Elsevier NV			14,435		192,530
Royal Dutch Shell plc, Class A			76,303		2,644,358
Royal Dutch Shell plc, Class B			54,557		1,941,455
SBM Offshore NV	*		3,564		50,779


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
TNT Express NV			6,778	$	70,731
Unilever NV CVA			33,860		1,200,880
Wolters Kluwer NV			6,087		114,349

					10,321,362

New Zealand—0.1%
Auckland International Airport Ltd.			20,988		45,538
Contact Energy Ltd.	*†		7,698		33,680
Fletcher Building Ltd.			14,083		81,064
SKYCITY Entertainment Group Ltd.	†		12,302		38,495
Telecom Corp of New Zealand Ltd.	†		37,806		74,433

					273,210

Norway—0.9%
Aker Solutions ASA			3,442		65,569
DnB ASA			19,876		243,480
Gjensidige Forsikring ASA			4,209		58,478
Norsk Hydro ASA			18,486		86,873
Orkla ASA			16,384		124,832
Seadrill Ltd.			7,181		282,103
Statoil ASA			22,914		591,332
Telenor ASA			14,736		287,613
Yara International ASA			3,824		192,017

					1,932,297

Portugal—0.2%
Banco Espirito Santo SA (Registered)	*		45,157		32,741
EDP—Energias de Portugal SA			40,453		111,139
Galp Energia SGPS SA, Class B	†		4,652		75,366
Jeronimo Martins SGPS SA			4,265		71,202
Portugal Telecom SGPS SA (Registered)			14,350		70,906

					361,354

Singapore—1.8%
Ascendas Real Estate Investment Trust REIT			42,786		83,805
CapitaLand Ltd.			51,500		132,655
CapitaMall Trust REIT			52,000		85,282
CapitaMalls Asia Ltd.			23,000		30,789
City Developments Ltd.			10,000		95,181
ComfortDelGro Corp. Ltd.			37,000		51,614
Cosco Corp. Singapore Ltd.			18,000		14,081
DBS Group Holdings Ltd.			37,500		438,010
Fraser and Neave Ltd.			18,000		129,724
Genting Singapore plc (Registered)			131,000		145,643
Global Logistic Properties Ltd.			40,000		81,536
Golden Agri-Resources Ltd.			136,320		72,874
Hutchison Port Holdings Trust			112,000		80,899
Jardine Cycle & Carriage Ltd.			2,000		78,067
Keppel Corp. Ltd.			29,400		271,826
Keppel Land Ltd.			16,000		46,043
Neptune Orient Lines Ltd.	*		17,000		15,575
Olam International Ltd.			30,672		50,880
Oversea-Chinese Banking Corp. Ltd.			52,600		398,927
SembCorp Industries Ltd.			21,340		98,037
SembCorp Marine Ltd.			17,000		68,378
Singapore Airlines Ltd.			11,400		99,499
Singapore Exchange Ltd.			17,000		96,622


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Singapore Press Holdings Ltd.			35,500	$	117,500
Singapore Technologies Engineering Ltd.			31,000		89,199
Singapore Telecommunications Ltd.			165,159		430,066
StarHub Ltd.			13,730		41,551
United Overseas Bank Ltd.			26,000		414,622
UOL Group Ltd.			8,000		37,240
Wilmar International Ltd.			39,000		102,976

					3,899,101

Spain—2.8%
Abertis Infraestructuras SA			8,028		118,319
Acciona SA			445		25,351
Acerinox SA			1,819		20,433
ACS Actividades de Construcciony Servicios SA			2,822		58,163
Amadeus IT Holding SA, Class A			6,615		154,222
Banco Bilbao Vizcaya Argentaria SA			110,967		873,073
Banco de Sabadell SA	*†		57,178		153,635
Banco Popular Espanol SA	†		24,402		53,422
Banco Santander SA	*		203,007		1,515,327
Bankia SA	*†		15,810		26,456
CaixaBank	†		14,319		53,931
CaixaBank	‡		298		1,122
Distribuidora Internacional de Alimentacion SA			12,844		70,931
Enagas SA			3,844		75,805
Ferrovial SA			7,868		102,505
Gas Natural SDG SA			6,693		94,710
Grifols SA	*		3,303		109,175
Iberdrola SA			79,972		362,594
Inditex SA			4,474		555,907
Mapfre SA			13,416		36,785
Red Electrica Corp. SA			2,146		101,712
Repsol YPF SA			16,501		320,682
Telefonica SA			83,038		1,109,857
Zardoya Otis SA	†		2,829		33,279

					6,027,396

Sweden—3.1%
Alfa Laval AB			7,085		128,740
Assa Abloy AB, Class B			7,093		230,289
Atlas Copco AB, Class A			13,699		320,096
Atlas Copco AB, Class B			7,990		167,482
Boliden AB			6,115		102,265
Electrolux AB, Series B			5,005		123,672
Elekta AB, Class B			8,020		105,882
Getinge AB, Class B			4,153		125,373
Hennes & Mauritz AB, Class B			19,515		679,184
Hexagon AB, Class B			4,884		105,035
Holmen AB, Class B			1,079		29,503
Husqvarna AB, Class B			9,820		50,171
Industrivarden AB, Class C			2,724		39,034
Investment AB Kinnevik, Class B			4,060		84,401
Investor AB, Class B			9,541		210,256
Lundin Petroleum AB	*		4,899		119,642
Modern Times Group AB, Class B			977		43,222
Nordea Bank AB			54,421		538,659
Ratos AB, Class B			3,896		34,381
Sandvik AB			20,873		283,893
Scania AB, Class B			6,605		121,426
Securitas AB, Class B			6,575		49,406


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Skandinaviska Enskilda Banken AB, Class A			28,809	$	241,402
Skanska AB, Class B			8,011		129,938
SKF AB, Class B			8,213		177,480
SSAB AB, Class A			3,099		22,066
Svenska Cellulosa AB, Class B			12,107		225,092
Svenska Handelsbanken AB, Class A			10,397		390,189
Swedbank AB, Class A			17,071		321,088
Swedish Match AB			4,159		168,363
Tele2 AB, Class B			6,369		115,673
Telefonaktiebolaget LM Ericsson, Class B			61,819		563,856
TeliaSonera AB			44,161		317,767
Volvo AB, Class B			28,447		399,665

					6,764,591

Switzerland—9.0%
ABB Ltd.	*		45,230		848,658
Actelion Ltd. (Registered)	*		2,226		111,580
Adecco SA (Registered)	*		2,808		134,037
Aryzta AG	*		1,779		85,393
Baloise Holding AG (Registered)			934		73,500
Banque Cantonale Vaudoise			59		30,607
Barry Callebaut AG (Registered)	*		41		38,070
Compagnie Financiere Richemont SA (A Bearer Shares)			10,727		644,083
Credit Suisse Group AG (Registered)	*		25,389		536,831
GAM Holding AG	*		3,736		48,757
Geberit AG (Registered)	*		764		166,401
Givaudan SA (Registered)	*		170		161,399
Glencore International plc			75,925		421,727
Holcim Ltd. (Registered)	*		4,703		299,539
Julius Baer Group Ltd. (Registered)	*		4,235		147,721
Kuehne + Nagel International AG (Registered)	†		1,080		122,217
Lindt & Spruengli AG (Participation Certificates)	*		17		53,794
Lindt & Spruengli AG (Registered)	*		2		72,225
Lonza Group AG (Registered)	*		1,067		55,849
Nestle SA			68,165		4,301,032
Novartis AG (Registered)			47,490		2,906,555
Pargesa Holding SA (Bearer)			467		30,916
Partners Group Holding AG			281		58,501
Roche Holding AG (Genusschein)			14,503		2,712,738
Schindler Holding AG (Participation Certificates)			1,028		126,570
Schindler Holding AG (Registered)			416		51,400
SGS SA (Registered)			114		234,433
Sika AG			47		95,871
Sonova Holding AG (Registered)	*		1,073		108,567
STMicroelectronics NV			13,835		74,670
Straumann Holding AG (Registered)			152		20,213
Sulzer AG (Registered)			487		71,087
Swatch Group AG (The) (Bearer)			656		261,977
Swatch Group AG (The) (Registered)			843		58,689
Swiss Life Holding AG (Registered)	*		625		74,647


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Swiss Prime Site AG	*		952	$	78,726
Swiss Re AG	*		7,216		464,305
Swisscom AG (Registered)			476		191,628
Syngenta AG (Registered)			1,944		727,216
Transocean Ltd.			7,176		321,265
UBS AG (Registered)	*		74,921		912,295
Wolseley plc			5,951		254,560
Xstrata plc			43,735		678,460
Zurich Insurance Group AG (Registered)	*		3,030		755,401

					19,624,110

United Kingdom—19.5%
3i Group plc			21,458		77,330
Aberdeen Asset Management plc			16,705		84,051
Admiral Group plc			3,873		66,007
Aggreko plc			5,440		203,644
AMEC plc			6,862		127,342
Anglo American plc			28,874		850,000
Antofagasta plc			8,096		165,580
ARM Holdings plc			28,198		263,190
Associated British Foods plc			7,666		159,739
AstraZeneca plc (London Exchange)			26,033		1,242,945
Aviva plc			60,381		312,010
Babcock International Group plc			7,669		114,987
BAE Systems plc			68,683		361,118
Balfour Beatty plc			15,564		76,489
Barclays plc			238,869		829,498
BG Group plc			70,032		1,417,078
BHP Billiton plc			43,923		1,371,630
BP plc			392,810		2,769,262
British American Tobacco plc			40,360		2,073,835
British Land Co. plc REIT			17,389		146,871
British Sky Broadcasting Group plc			23,127		277,582
BT Group plc			160,220		597,259
Bunzl plc			7,026		125,997
Burberry Group plc			9,157		148,271
Capita plc			13,767		172,419
Capital Shopping Centres Group plc REIT			11,469		60,750
Carnival plc			3,921		144,433
Centrica plc			106,394		562,996
Cobham plc			22,289		79,952
Compass Group plc			38,461		425,158
Croda International plc			2,954		115,964
Diageo plc			52,050		1,465,632
Eurasian Natural Resources Corp. plc			5,413		27,064
Evraz plc			6,518		26,027
G4S plc			29,065		124,842
GKN plc			34,028		118,316
GlaxoSmithKline plc			103,533		2,389,813
Hammerson plc REIT			15,196		110,918
HSBC Holdings plc (London Exchange)			375,037		3,484,003
ICAP plc			12,431		64,618
IMI plc			7,035		102,483
Imperial Tobacco Group plc			20,477		758,603
Inmarsat plc			9,682		92,439
Intercontinental Hotels Group plc			5,976		156,928
International Consolidated Airlines Group SA	*		20,308		48,896


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Intertek Group plc			3,382	$	149,941
Invensys plc			18,496		70,118
Investec plc			10,820		66,986
ITV plc			78,784		112,624
J. Sainsbury plc			24,532		137,870
Johnson Matthey plc			4,400		171,863
Kazakhmys plc			4,399		49,355
Kingfisher plc			49,320		210,842
Land Securities Group plc REIT			16,659		205,310
Legal & General Group plc			122,562		261,658
Lloyds Banking Group plc	*		876,275		551,753
London Stock Exchange Group plc			3,963		60,454
Lonmin plc			3,101		27,999
Man Group plc			37,598		50,134
Marks & Spencer Group plc			33,198		191,586
Meggitt plc			17,028		108,671
Melrose plc			25,182		98,673
National Grid plc			73,422		809,908
Next plc			3,436		191,691
Old Mutual plc			101,444		279,084
Pearson plc			16,655		325,581
Petrofac Ltd.			5,470		141,328
Prudential plc			52,428		680,792
Randgold Resources Ltd.			1,879		231,141
Reckitt Benckiser Group plc			13,381		770,940
Reed Elsevier plc			25,415		243,304
Rexam plc			19,037		133,946
Rio Tinto plc			27,622		1,291,584
Rolls-Royce Holdings plc	*		38,399		523,828
Royal Bank of Scotland Group plc	*		41,922		174,177
RSA Insurance Group plc			76,655		137,039
SABMiller plc			19,828		872,433
Sage Group plc (The)			26,424		133,893
Schroders plc			2,465		60,574
Segro plc REIT			15,666		57,545
Serco Group plc			10,464		98,134
Severn Trent plc			5,017		136,045
Smith & Nephew plc			18,267		201,510
Smiths Group plc			7,875		132,287
SSE plc			19,426		437,137
Standard Chartered plc (London Exchange)			49,546		1,122,659
Standard Life plc			48,149		212,543
Subsea 7 SA			5,630		130,050
Tate & Lyle plc			9,949		107,011
Tesco plc			166,771		895,563
TUI Travel plc			9,107		34,483
Tullow Oil plc			18,719		415,265
Unilever plc			26,656		973,262
United Utilities Group plc			14,641		169,266
Vedanta Resources plc			2,170		36,201
Vodafone Group plc			1,018,912		2,895,374
Weir Group plc (The)			4,498		128,765
Whitbread plc			3,705		135,890
Wm Morrison Supermarkets plc			48,539		223,800

					42,463,839

United States—0.0%
Sims Metal Management Ltd.			3,648		36,083

TOTAL COMMON STOCKS (Cost $230,491,107)					210,796,310


Vantagepoint Overseas Equity Index Fund
				Shares		Value
PREFERRED STOCKS—0.5%
Germany—0.5%
Bayerische Motoren Werke AG					1,130	$	58,089
Henkel AG & Co. KGaA					3,630		289,161
Porsche Automobil Holding SE					3,135		187,863
ProSiebenSat.1 Media AG					1,674		42,203
RWE AG					720		28,716
Volkswagen AG					2,988		546,342

TOTAL PREFERRED STOCKS (Cost $881,480)							1,152,374


Coupon Rate	Maturity Date			Face		Value
U.S. TREASURY OBLIGATIONS—0.2%
U.S. Treasury Bills—0.2%
U.S. Treasury Bill
0.098%		12/20/2012
(Cost $309,933)			‡‡	$	310,000		309,945


				Shares		Value
RIGHTS—0.0%
France—0.0%
Cie Generale de Geophysique - Veritas, Expires 10/12/12 (Cost $—)			*		2,841		4,586

MONEY MARKET FUNDS—7.8%
Institutional Money Market Funds—7.8%
Dreyfus Institutional Cash Advantage Fund, 0.13%			††¥		2,400,000		2,400,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%			¥		3,946,970		3,946,970
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.20%			††¥		1,028,793		1,028,793
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.16%			††¥		2,400,000		2,400,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.17%			††¥		2,400,000		2,400,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.17%			††¥		2,400,000		2,400,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.15%			††¥		2,400,000		2,400,000

TOTAL MONEY MARKET FUNDS (Cost $16,975,763)							16,975,763

TOTAL INVESTMENTS—105.3% (Cost $248,658,283)							229,238,978
Other assets less liabilities—(5.3%)							(11,461,059	)

NET ASSETS—100.0%						$	217,777,919


Vantagepoint Overseas Equity Index Fund
Percentage of Portfolio by Industry:

COMMON STOCKS
Commercial Banks	11.9	%
Pharmaceuticals	8.4	%
Oil, Gas & Consumable Fuels	7.1	%
Metals & Mining	4.9	%
Insurance	4.6	%
Food Products	4.1	%
Chemicals	3.6	%
Diversified Telecommunication Services	3.1	%
Automobiles	2.8	%
Machinery	2.7	%
Beverages	2.6	%
Wireless Telecommunication Services	2.2	%
Food & Staples Retailing	2.1	%
Real Estate Management & Development	2.0	%
Multi-Utilities	1.7	%
Capital Markets	1.7	%
Real Estate Investment Trusts (REITs)	1.6	%
Tobacco	1.6	%
Industrial Conglomerates	1.6	%
Electric Utilities	1.5	%
Media	1.3	%
Textiles, Apparel & Luxury Goods	1.2	%
Electrical Equipment	1.2	%
Trading Companies & Distributors	1.2	%
Electronic Equipment, Instruments & Components	1.1	%
Diversified Financial Services	1.1	%
Road & Rail	1.1	%
Hotels, Restaurants & Leisure	1.1	%
Software	1.0	%
Energy Equipment & Services	1.0	%
Specialty Retail	0.9	%
Auto Components	0.8	%
Aerospace & Defense	0.8	%
Health Care Equipment & Supplies	0.7	%
Household Products	0.6	%
Professional Services	0.6	%
Semiconductors & Semiconductor Equipment	0.6	%
Commercial Services & Supplies	0.6	%
Construction Materials	0.6	%
Construction & Engineering	0.6	%
Personal Products	0.5	%
Health Care Providers & Services	0.5	%
Household Durables	0.5	%
Office Electronics	0.5	%
Gas Utilities	0.5	%
Building Products	0.5	%
Communications Equipment	0.4	%
Multiline Retail	0.4	%
Transportation Infrastructure	0.4	%
Marine	0.3	%
Computers & Peripherals	0.3	%
Biotechnology	0.3	%
IT Services	0.3	%
Air Freight & Logistics	0.3	%
Leisure Equipment & Products	0.2	%
Containers & Packaging	0.2	%
Distributors	0.1	%
Life Sciences Tools & Services	0.1	%
Internet & Catalog Retail	0.1	%
Independent Power Producers & Energy Traders	0.1	%
Water Utilities	0.1	%
Internet Software & Services	0.1	%
Paper & Forest Products	0.1	%


Vantagepoint Overseas Equity Index Fund
COMMON STOCKS—(Continued)
Airlines	0.1	%
Diversified Consumer Services	0.0	%
Consumer Finance	0.0	%

	96.8	%
PREFERRED STOCKS
Automobiles	0.4	%
Household Products	0.1	%
Media	0.0	%
Multi-Utilities	0.0	%

	0.5	%
RIGHTS
Energy Equipment & Services	0.0	%

TOTAL COMMON
STOCKS/PREFERRED STOCKS	97.3	%

U.S. TREASURY OBLIGATIONS
U.S. Treasury Bills	0.2	%

MONEY MARKET FUNDS
Institutional Money Market Funds	7.8	%

TOTAL INVESTMENTS	105.3	%
Other assets less liabilities	(5.3	)%

TOTAL NET ASSETS	100.0	%


Vantagepoint Model Portfolio Savings Oriented Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Core Bond Index Fund Class I		2,650,859	$	28,125,618
Vantagepoint Diversifying Strategies Fund		6,016,568		62,391,809
Vantagepoint Equity Income Fund		3,365,790		31,301,847
Vantagepoint Growth & Income Fund		2,848,566		31,334,221
Vantagepoint Inflation Protected Securities Fund		3,830,251		46,882,275
Vantagepoint International Fund		1,673,191		15,577,409
Vantagepoint Low Duration Bond Fund		9,510,239		96,814,237

				312,427,416

TOTAL INVESTMENTS—100.0% (Cost $282,843,488)				312,427,416
Other assets less liabilities—(0.0%)				(80,073	)

NET ASSETS—100.0%			$	312,347,343


Vantagepoint Model Portfolio Conservative Growth Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Aggressive Opportunities Fund		1,758,731	$	18,343,563
Vantagepoint Core Bond Index Fund Class I		6,856,641		72,748,962
Vantagepoint Diversifying Strategies Fund		11,106,381		115,173,168
Vantagepoint Equity Income Fund		7,264,930		67,563,854
Vantagepoint Growth & Income Fund		5,038,462		55,423,087
Vantagepoint Growth Fund		3,829,563		37,261,644
Vantagepoint Inflation Protected Securities Fund		4,961,009		60,722,753
Vantagepoint International Fund		5,302,910		49,370,096
Vantagepoint Low Duration Bond Fund		11,305,514		115,090,129
Vantagepoint Select Value Fund		1,670,027		18,303,498

				610,000,754

TOTAL INVESTMENTS—100.0% (Cost $555,443,654)				610,000,754
Other assets less liabilities—(0.0%)				(123,493	)

NET ASSETS—100.0%			$	609,877,261


Vantagepoint Model Portfolio Traditional Growth Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Aggressive Opportunities Fund		7,895,130	$	82,346,203
Vantagepoint Core Bond Index Fund Class I		18,266,383		193,806,322
Vantagepoint Discovery Fund		4,540,759		45,498,402
Vantagepoint Diversifying Strategies Fund		21,539,865		223,368,403
Vantagepoint Equity Income Fund		19,427,753		180,678,103
Vantagepoint Growth & Income Fund		16,454,637		181,001,010
Vantagepoint Growth Fund		15,607,585		151,861,799
Vantagepoint Inflation Protected Securities Fund		4,888,840		59,839,397
Vantagepoint International Fund		19,443,563		181,019,570
Vantagepoint Low Duration Bond Fund		11,691,675		119,021,255
Vantagepoint Select Value Fund		7,498,257		82,180,899

				1,500,621,363

TOTAL INVESTMENTS—100.0% (Cost $1,376,693,157)				1,500,621,363
Other assets less liabilities—(0.0%)				(243,978	)

NET ASSETS—100.0%			$	1,500,377,385


Vantagepoint Model Portfolio Long-Term Growth Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Aggressive Opportunities Fund		15,305,610	$	159,637,516
Vantagepoint Core Bond Index Fund Class I		23,000,734		244,037,793
Vantagepoint Discovery Fund		8,502,976		85,199,823
Vantagepoint Diversifying Strategies Fund		21,697,649		225,004,617
Vantagepoint Equity Income Fund		26,448,459		245,970,673
Vantagepoint Growth & Income Fund		22,391,361		246,304,969
Vantagepoint Growth Fund		22,451,580		218,453,878
Vantagepoint International Fund		32,541,177		302,958,355
Vantagepoint Select Value Fund		14,539,429		159,352,138

				1,886,919,762

TOTAL INVESTMENTS—100.0% (Cost $1,733,487,794)				1,886,919,762
Other assets less liabilities—(0.0%)				(279,819	)

NET ASSETS—100.0%			$	1,886,639,943


Vantagepoint Model Portfolio All- Equity Growth Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Aggressive Opportunities Fund		6,408,265	$	66,838,208
Vantagepoint Discovery Fund		6,320,133		63,327,735
Vantagepoint Equity Income Fund		13,687,996		127,298,360
Vantagepoint Growth & Income Fund		10,929,521		120,224,733
Vantagepoint Growth Fund		12,377,113		120,429,311
Vantagepoint International Fund		15,117,031		140,739,554
Vantagepoint Select Value Fund		6,075,375		66,586,111

				705,444,012

TOTAL INVESTMENTS—100.0% (Cost $653,296,334)				705,444,012
Other assets less liabilities—(0.0%)				(135,260	)

NET ASSETS—100.0%			$	705,308,752


Vantagepoint Milestone Retirement Income Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Core Bond Index Fund Class I		1,994,568	$	21,162,364
Vantagepoint Diversifying Strategies Fund		4,521,638		46,889,381
Vantagepoint Equity Income Fund		2,520,733		23,442,821
Vantagepoint Growth & Income Fund		2,131,249		23,443,742
Vantagepoint Inflation Protected Securities Fund		2,880,993		35,263,358
Vantagepoint International Fund		1,250,459		11,641,769
Vantagepoint Low Duration Bond Fund		7,151,421		72,801,464

				234,644,899

TOTAL INVESTMENTS—100.0% (Cost $222,929,571)				234,644,899
Other assets less liabilities—(0.0%)				(72,782	)

NET ASSETS—100.0%			$	234,572,117


Vantagepoint Milestone 2010 Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Core Bond Index Fund Class I		1,456,288	$	15,451,216
Vantagepoint Diversifying Strategies Fund		4,095,015		42,465,309
Vantagepoint Equity Income Fund		4,498,498		41,836,033
Vantagepoint Growth & Income Fund		2,365,615		26,021,767
Vantagepoint Growth Fund		1,633,897		15,897,818
Vantagepoint Inflation Protected Securities Fund		2,900,466		35,501,699
Vantagepoint International Fund		2,256,951		21,012,217
Vantagepoint Low Duration Bond Fund		3,749,213		38,166,991

				236,353,050

TOTAL INVESTMENTS—100.0% (Cost $219,362,211)				236,353,050
Other assets less liabilities—(0.0%)				(71,954	)

NET ASSETS—100.0%			$	236,281,096


Vantagepoint Milestone 2015 Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Core Bond Index Fund Class I		3,661,624	$	38,849,834
Vantagepoint Diversifying Strategies Fund		6,914,436		71,702,697
Vantagepoint Equity Income Fund		8,814,348		81,973,440
Vantagepoint Growth & Income Fund		4,309,419		47,403,606
Vantagepoint Growth Fund		3,338,456		32,483,180
Vantagepoint Inflation Protected Securities Fund		3,680,499		45,049,311
Vantagepoint International Fund		4,828,462		44,952,983
Vantagepoint Low Duration Bond Fund		4,879,857		49,676,949
Vantagepoint Mid/Small Company Index Fund Class I		1,080,591		17,343,487

				429,435,487

TOTAL INVESTMENTS—100.0% (Cost $389,620,677)				429,435,487
Other assets less liabilities—(0.0%)				(90,191	)

NET ASSETS—100.0%			$	429,345,296


Vantagepoint Milestone 2020 Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Core Bond Index Fund Class I		5,781,780	$	61,344,685
Vantagepoint Diversifying Strategies Fund		6,865,554		71,195,794
Vantagepoint Equity Income Fund		10,212,749		94,978,562
Vantagepoint Growth & Income Fund		4,787,391		52,661,304
Vantagepoint Growth Fund		3,842,088		37,383,519
Vantagepoint Inflation Protected Securities Fund		1,129,848		13,829,342
Vantagepoint International Fund		6,011,785		55,969,717
Vantagepoint Low Duration Bond Fund		3,450,564		35,126,740
Vantagepoint Mid/Small Company Index Fund Class I		2,361,425		37,900,878

				460,390,541

TOTAL INVESTMENTS—100.0% (Cost $415,121,429)				460,390,541
Other assets less liabilities—(0.0%)				(85,728	)

NET ASSETS—100.0%			$	460,304,813


Vantagepoint Milestone 2025 Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Core Bond Index Fund Class I		4,837,993	$	51,331,101
Vantagepoint Diversifying Strategies Fund		4,830,870		50,096,123
Vantagepoint Equity Income Fund		9,029,338		83,972,845
Vantagepoint Growth & Income Fund		4,258,335		46,841,686
Vantagepoint Growth Fund		3,480,494		33,865,203
Vantagepoint International Fund		5,539,208		51,570,029
Vantagepoint Low Duration Bond Fund		1,361,925		13,864,401
Vantagepoint Mid/Small Company Index Fund Class I		2,481,696		39,831,226

				371,372,614

TOTAL INVESTMENTS—100.0% (Cost $332,832,970)				371,372,614
Other assets less liabilities—(0.0%)				(78,021	)

NET ASSETS—100.0%			$	371,294,593


Vantagepoint Milestone 2030 Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Core Bond Index Fund Class I		2,835,449	$	30,084,110
Vantagepoint Diversifying Strategies Fund		3,134,469		32,504,440
Vantagepoint Equity Income Fund		7,611,514		70,787,082
Vantagepoint Growth & Income Fund		3,707,813		40,785,944
Vantagepoint Growth Fund		3,083,710		30,004,502
Vantagepoint International Fund		4,921,973		45,823,565
Vantagepoint Low Duration Bond Fund		445,792		4,538,164
Vantagepoint Mid/Small Company Index Fund Class I		2,487,450		39,923,571

				294,451,378

TOTAL INVESTMENTS—100.0% (Cost $259,584,078)				294,451,378
Other assets less liabilities—(0.0%)				(69,082	)

NET ASSETS—100.0%			$	294,382,296


Vantagepoint Milestone 2035 Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Core Bond Index Fund Class I		1,155,365	$	12,258,427
Vantagepoint Diversifying Strategies Fund		1,312,125		13,606,740
Vantagepoint Equity Income Fund		5,320,610		49,481,677
Vantagepoint Growth & Income Fund		2,600,109		28,601,201
Vantagepoint Growth Fund		2,290,912		22,290,575
Vantagepoint International Fund		3,608,141		33,591,796
Vantagepoint Low Duration Bond Fund		84,253		857,692
Vantagepoint Mid/Small Company Index Fund Class I		2,088,014		33,512,622

				194,200,730

TOTAL INVESTMENTS—100.0% (Cost $169,179,929)				194,200,730
Other assets less liabilities—(0.0%)				(57,766	)

NET ASSETS—100.0%			$	194,142,964


Vantagepoint Milestone 2040 Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Core Bond Index Fund Class I		903,264	$	9,583,633
Vantagepoint Diversifying Strategies Fund		367,173		3,807,587
Vantagepoint Equity Income Fund		5,472,362		50,892,963
Vantagepoint Growth & Income Fund		2,688,480		29,573,280
Vantagepoint Growth Fund		2,409,247		23,441,975
Vantagepoint International Fund		3,783,308		35,222,594
Vantagepoint Mid/Small Company Index Fund Class I		2,307,445		37,034,497

				189,556,529

TOTAL INVESTMENTS—100.0% (Cost $158,190,557)				189,556,529
Other assets less liabilities—(0.0%)				(59,540	)

NET ASSETS—100.0%			$	189,496,989


Vantagepoint Milestone 2045 Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.1%
Vantagepoint Core Bond Index Fund Class I		251,638	$	2,669,874
Vantagepoint Equity Income Fund		1,557,827		14,487,789
Vantagepoint Growth & Income Fund		769,292		8,462,209
Vantagepoint Growth Fund		684,930		6,664,372
Vantagepoint International Fund		1,078,635		10,042,096
Vantagepoint Mid/Small Company Index Fund Class I		659,079		10,578,225

				52,904,565

TOTAL INVESTMENTS—100.1% (Cost $47,981,400)				52,904,565
Other assets less liabilities—(0.1%)				(42,510	)

NET ASSETS—100.0%			$	52,862,055


Vantagepoint Milestone 2050 Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Core Bond Index Fund Class I		2,368		25,126
Vantagepoint Equity Income Fund		14,843		138,039
Vantagepoint Growth & Income Fund		7,333		80,660
Vantagepoint Growth Fund		6,535		63,588
Vantagepoint International Fund		10,315		96,032
Vantagepoint Mid/Small Company Index Fund Class I		6,200		99,504

				502,949

TOTAL INVESTMENTS—100.0% (Cost $500,055)				502,949
Other assets less liabilities—(0.0%)				(99	)

NET ASSETS—100.0%			$	502,850

The Company adopted FASB ASC 820, Fair Value Measurements and Disclosures, effective January 1, 2008. In accordance with ASC 820, fair value is defined as the price that the fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. ASC 820 established a three-tier hierarchy, which maximizes the use of observable market data and minimizes the use of unobservable inputs to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, for example, the risk inherent in a particular valuation technique used to measure fair value including a pricing model and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable.

The Vantagepoint Board has established policies and procedures for valuing portfolio securities and assets (the “Valuation Procedures”). The Vantagepoint Board has delegated authority to a Committee (the “Pricing Committee”) to make fair value determinations. The Pricing Committee makes fair value determinations as necessary and reports these determinations to the Vantagepoint Board on a quarterly basis. The Pricing Committee includes representatives from VIA and officers of the Company.

The Pricing Committee follows fair valuation guidelines contained in the Valuation Procedures for the use of non-vendor pricing sources to make fair value determinations when sufficient information exists. Fair Valuation determinations are reviewed by the Pricing Committee on a monthly basis. Pricing decisions, processes, and controls over fair value determinations are subject to quarterly reviews by the Chief Compliance Officer of VIA.

Fair valuation determinations are referred to the Pricing Committee. Fair value situations could include, but are not limited to: (1) a significant event that affects the value of a Fund’s securities (e.g., news relating to natural disasters affecting an issuer’s operations or earnings announcements); (2) illiquid securities; (3) securities that may be defaulted or de-listed from an exchange and are no longer trading; or (4) any other circumstance in which the Pricing Committee believes that market quotations do not accurately reflect the value of a security. The Pricing Committee may consider various inputs in order to make a good faith determination of a security’s fair value. These inputs include, but are not limited to, use of related or comparable assets or liabilities, recent transactions, market multiples, book values, and other relevant information for the investment to determine the fair value of the investment. An income-based valuation approach with regard to fixed income securities, in which the anticipated future cash flows of the investment are discounted to calculate fair value, may also be used. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments.

The Pricing Committee monitors the results of fair valuation determinations and reports quarterly the results of these determinations to the Vantagepoint Board. Valuation Procedures are reviewed on an annual basis by the Vantagepoint Board, but may be updated more frequently as needed.

Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability, developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

The following is a summary of the inputs used as of September 30, 2012, in valuing each fund’s investment carried at value:

See Schedule of Investments for identification of securities by industry classification.

All investments held by the Model Portfolio Funds and Milestone Funds are categorized as Level 1.

As of September 30, 2012 the funds did not hold any significant investments in Level 3. Additionally, there were no significant transfers in and out of Levels 1 and 2.

The significant unobservable inputs used in the fair value measurement of the Fund’s investments include the probability of default, loss severity in the event of default, increases in market interest rates, downgrades to the issuer’s credit rating, potential for insolvency, government actions or pronouncements, and other financial and non-financial news. Significant changes in any of those inputs in isolation would result in a significantly lower or higher fair value measurement. Generally, a change in the inputs used for fair valuations are accompanied by directionally similar changes in the assumption used for fair valuation determinations.

The following is a reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value:

All equity securities that are traded on a national securities exchange (other than NASDAQ Global/Global Select and Capital Market securities traded primarily on the Nasdaq Stock Market, Inc. exchange (“NASDAQ”)) held by each fund normally will be valued at the last reported sale price or official close price (if available) on the exchange on which the security is primarily traded, and are categorized as Level 1 in the hierarchy. If, on a particular day, an exchange-traded security does not trade on its primary exchange, then the price normally will be the mean between the closing bid and closing offer reported to the primary exchange and made available to quotation vendors or disseminated through an automated quotation system, or obtained by a pricing service from other quotation sources believed to be reliable and is generally categorized as Level 2 in the hierarchy. NASDAQ Global/Global Select and Capital Market securities traded primarily on NASDAQ will be valued at the NASDAQ Official Closing Price (“NOCP”). If, on any given day, no NOCP is available, the price of such securities normally will be the mean between the closing bid and closing offer reported on NASDAQ prior to the calculation of the net asset value (“NAV”) of a fund and are generally categorized as Level 1 in the hierarchy. All equity securities not traded on a national securities exchange (“OTC Equities”) normally will be priced at the last reported sale price in the over-the-counter market and are generally categorized as Level 1 in the hierarchy. If an OTC Equity does not trade in an over-the-counter market on a particular day, then the price normally will be the mean between the closing bid and closing offer obtained from a quotation service or other source believed to be reliable and is generally categorized as Level 1 in the hierarchy. Short-term debt instruments, such as commercial paper, bankers’ acceptances, and U.S. Treasury Bills, with a remaining maturity of less than 60 days may be valued at amortized cost and are generally categorized as Level 2 in the hierarchy. Prices for debt instruments normally will be obtained from a pricing service. In determining prices, the pricing service may employ methodologies designed to identify the market value of debt instruments, which may include reference to actual market transactions, broker-dealer supplied quotations or valuations, matrix pricing, or other valuation techniques. These techniques generally consider such factors as securities’ prices, yields, maturities, call features, ratings and developments relating to specific securities in arriving at valuations and are generally categorized as Level 2 in the hierarchy. In the event a pricing service is unable to provide a price for a particular security, the security may be priced based on the average of two or more independent broker-dealer quotations and is generally categorized as Level 2 in the hierarchy. Any security for which market value as described above is not readily available is valued at fair value as determined in good faith in accordance with policies approved by the Board (“Valuation Procedures”) and is generally categorized as Level 2 or Level 3 in the hierarchy depending on the observability of market inputs. Except for certain foreign equity securities described later in this note, foreign exchange traded securities are valued in the same manner as domestic exchange traded equity securities and are generally categorized as Level 1 in the hierarchy.

Shares of the underlying funds in which the Model Portfolio and Milestone Funds invest are valued by using the underlying funds’ current NAVs for purchase and/or redemption orders that day and are categorized as Level 1 in the hierarchy.

For foreign equity securities that are primarily traded in markets outside North and South America, the Board has approved the use of a third party fair valuation service. The service uses a multifactor model to calculate a factor that is then applied to adjust the market price for each such security, which are generally categorized as Level 2 in the hierarchy. Additionally, the Board has approved the use of the fair value prices provided by this service on a daily basis without a market trigger or confidence interval filter for all foreign equity securities held by the funds that are primarily traded in markets outside North and South America which are generally categorized as Level 2 in the hierarchy. In the event prices for such foreign securities are not available through the service or another fair value pricing service approved by the Board, the securities may be priced at the average of two or more independent broker-dealer quotations or at the fair value of the security in accordance with the Company’s Valuation Procedures and are generally categorized as Level 2 or Level 3 in the hierarchy.

The valuation techniques used by the funds to measure fair value during the year-to-date period ended September 30, 2012 maximized the use of observable inputs and minimized the use of unobservable inputs. The funds utilized fair value techniques such as a multi-dimensional relational pricing model and option adjusted spread pricing to estimate prices that would have prevailed in a liquid market given information available at the time of evaluation.

When issued securities or “To Be Announced” securities are sometimes held by the funds. The funds maintain security positions and cash positions such that sufficient liquid assets will be available to make payments for such securities purchased.

The accounting records of the funds are maintained in U.S. dollars. Investment securities and other assets and liabilities denominated in foreign currencies will be translated (but not actually converted) into U.S. Dollars daily at the closing spot rates supplied by the WM/Reuters Intraday Spot exchange rates provided as of 4:00 pm Eastern Time. Purchases and sales of securities, income receipts and expense payments are translated (but not actually converted) into U.S. dollars at the prevailing exchange rates on the respective dates of such transactions. Unrealized gains and losses, not relating to securities, that result from changes in foreign currency exchange rates, have been included in unrealized appreciation/(depreciation) of securities. Net realized foreign currency gains and losses include foreign currency gains and losses resulting from changes in exchange rates between trade date and settlement date on investment securities transactions, gains and losses on foreign currency transactions, and the difference between the amounts of interest and dividends recorded on the books of the funds and the amounts actually received. The portion of foreign currency gains and losses related to fluctuations in exchange rates between the initial purchase trade date and subsequent sale trade date is included in realized gains/(losses) from security transactions.

Currency symbols utilized throughout the notes to these financial statements are defined as follows:

Exchange traded options normally will be priced based on the last reported sale price or official closing price (if available) on the exchange on which the option is primarily traded, as provided by a pricing service. If on a particular day, an option does not trade on its primary exchange, the fund’s custodian will calculate and use the mean between the closing bid and closing offer reported to the exchange and obtained from a pricing service and such options are generally categorized as Level 1 in the hierarchy.

Purchased options on Euro-Bund futures trade on foreign exchanges and are marked to market daily with variation margin payments received or made by the funds daily based on fluctuation in value. There is no premium paid at the time of purchase. These options are generally categorized as Level 1 in the hierarchy.

Non-exchange traded (i.e., over-the-counter) options normally will be priced using an option valuation model, which incorporates relevant parameters (e.g., implied volatility; current value of underlier). Such prices will be provided by a pricing service and these options are generally categorized as Level 2 in the hierarchy.

In the event a pricing service is unable to provide a price for a particular option, the option may be priced based on the average of two or more independent broker-dealer quotations, pursuant to the Valuation Procedures, or at its fair value determined in accordance with the Valuation Procedures and is generally categorized as Level 2 in the hierarchy.

Futures contracts normally will be priced at their settlement prices established and reported each day on the exchange on which they are traded, as provided by a pricing service and are generally categorized as Level 1 in the hierarchy. In the event a pricing service is unable to provide a price for a particular futures contract, the value of the contract will be priced at its fair value in accordance with the Valuation Procedures and generally such futures are categorized as Level 2 in the hierarchy.

Futures exchange abbreviations utilized throughout the notes to these financial statements are defined as follows:

Forward currency contracts normally will be priced using the WM/Reuters Intraday Forwards rates provided as of 4:00 pm Eastern Time. In the event WM/Reuters (or a designated pricing service) is unable to provide a rate for a particular contract, the fair value of the contract will be determined in accordance with the Valuation Procedures and generally such contracts are categorized as Level 2 in the hierarchy.

Interest rate and inflation swaps normally will be priced based on the applicable swap valuation model (i.e., interest rate or inflation) which incorporates a snapshot of the relevant swap curve (interest rate curve or inflation rate curve, as applicable). Such prices will be provided by a pricing service. In the event a pricing service is unable to provide a price for a particular swap, the swap will be priced at its fair value in accordance with the Valuation Procedures and generally such swaps are categorized as Level 2 in the hierarchy.

Interest rate swaptions normally will be priced based on a snapshot taken of the relevant swap curve, deriving an implied volatility surface from actual and/or indicative broker-dealer swaption prices, and combining them in a swaption valuation model. Such prices will be provided by a pricing service. In the event a pricing service is unable to provide a price for a particular swaption, the swaption will be priced at its fair value in accordance with the Valuation Procedures and generally such swaptions are categorized as Level 2 in the hierarchy.

Total return swaps are normally priced based on a valuation model that incorporates cash flow forecasts for the reference asset and a snapshot of the relevant interest rate swap curve. Such prices will be provided by a pricing service. In the event a pricing service is unable to provide a price for a particular total return swap, the total return swap will be priced at its fair value in accordance with the Valuation Procedures and generally such swaps are categorized as Level 2 in the hierarchy.

Some of the funds use derivative instruments in pursuing their investment objectives. The following table and discussion provides more detailed information about a fund’s derivative usage. The table below shows the average monthly notional balance, settlement value, or market value (as applicable) of the derivative instruments held by each fund during the reporting period.

A futures contract is an agreement to buy or sell a specific amount of a commodity or financial instrument at a particular price on a stipulated future date.

Certain funds may enter into futures to manage certain risks. These risks may include interest rate risk (the risk that interest rates will rise, causing fixed income securities prices to fall), credit risk (the risk that the issuer of a fixed income security will default on its obligation to pay interest and/or principal in a timely manner on the instrument), stock market risk (the risk that stock prices overall will decline over short or extended periods), or foreign currency risk (the risk that foreign currency values will decline relative to the U.S. dollar). Certain funds may use futures to seek to increase portfolio value, by increasing or decreasing their exposure to changes in the market value of the specific underlying security, foreign currency, or index.

Upon entering into the futures contract, the fund agrees to deposit an amount equal to a certain percentage of the contract notional value (initial margin). The fund agrees to subsequently receive or pay an amount of cash equal to the daily fluctuation in the value of the contract. Such receipts or payments are known as “variation margin” and are recorded by the fund as unrealized gains or losses.

When the contract is closed, the fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

Use of futures may involve risks different from, or possibly greater than, the risks associated with more traditional investments, and may involve a small amount of investment relative to the amount of risk assumed. Risks associated with futures include: the risk that a particular future may be difficult to purchase or sell (liquidity risk); the risk that certain futures may be more sensitive than traditional investments to interest rate changes and market price fluctuations (interest rate and market risks); the risk of mispricing or improper valuation of the future, and the inability of the future to correlate perfectly, or at all, with the value of the underlying asset, reference rate, or index it is designed to closely track (valuation risk); the risk that the fund may lose substantially more than the amount invested and that the fund may be forced to liquidate portfolio positions when it may not be advantageous to do so (leverage risk).

As of September 30, 2012, the following funds had open futures contracts outstanding:

A forward currency contract involves a privately negotiated obligation to purchase or sell a specific currency at a future date at a price set in the contract.

Certain funds may enter into forward currency contracts to manage foreign currency risk. Foreign currency risk is the risk that a fund’s investment in or exposure to foreign currencies or securities denominated in foreign currencies may cause the fund to experience gains or losses solely based on changes in the exchange rate between foreign currencies and the U.S. dollar, or, in the case of hedged

positions, the risk that the U.S. dollar will decline relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time. A decline in the value of foreign currencies relative to the U.S. dollar will reduce the value of securities held by a fund denominated in those currencies. Certain funds also may enter into forward currency contracts to obtain or adjust investment exposure to a foreign currency.

Forward currency contracts may be used by the following funds for the following purposes:

Risks of entering into forward currency contracts include the possibility that a fund may lose money. For example, foreign currency values may change unfavorably relative to the U.S. dollar, there may be an illiquid market or a change in the value of the contracts may not correlate with changes in the value of the underlying currency. The use of over-the-counter forward currency contracts includes counterparty risk, which is the risk that the other party to a contract may not fulfill its obligations.

The net U.S. dollar value of foreign currency underlying all contractual commitments held by a fund and the resulting unrealized appreciation or depreciation are determined daily using prevailing exchange rates. Realized gain or loss is recorded upon the termination of the contract.

As of September 30, 2012, the following funds had open forward currency contracts outstanding:

An option gives the holder the right but not the obligation to enter into a transaction (e.g., the purchase or sale of a security, an index of securities or another instrument, such as a futures contract) with another party on or before a specific date at a specified price (called the strike price). The counterparty is obligated to enter into the transaction if the holder elects to exercise the option. A call option gives the holder the right to purchase the underlying security or instrument from the other party; a put option gives the holder the right to sell the underlying security or instrument to the other party.

Certain funds may enter into options to manage certain risks. These risks may include interest rate risk (the risk that interest rates will rise, causing prices of fixed income securities to fall), credit risk (the risk that the issuer of a fixed income security will default on its obligation to pay interest and/or principal on the instrument in a timely manner), stock market risk (the risk that stock prices overall will decline over short or extended periods), and foreign currency risk (the risk that foreign currency values will decline relative to the U.S. dollar). Some funds also may use options, including options on Euro-Bund futures contracts, to obtain or adjust investment exposure to certain assets, asset classes, or foreign currencies.

Purchases of put and call options are recorded as an investment, the value of which is marked to market at each valuation date. When a purchased option expires, the fund will realize a loss equal to the premium paid. When a fund enters into a closing sale transaction, the fund will realize a gain or loss depending on whether the sales proceeds from the closing sale transaction are greater or less than the cost of the option. When a fund exercises a put option, it will realize a gain or loss from the sale of the underlying security and the proceeds from such sale will be decreased by the premium originally paid. When a fund exercises a call option, the cost of the security that the fund purchases upon exercise will be increased by the premium originally paid. When a fund writes (sells) a call or put option, an amount equal to the premium received by the fund is recorded as a liability, and the value of each option is marked to market at each valuation date. When a written option expires, the fund realizes a gain equal to the amount of the premium originally received. When a fund enters into a closing purchase transaction, the fund realizes a gain (or loss if the cost of the closing purchase transaction exceeds the premium originally received when the option was sold/written) without regard to any unrealized gain or loss on the underlying security, and the liability related to such option is eliminated. When a written call option is exercised, the fund realizes a gain or loss from the sale of the underlying security and the proceeds from such sale are increased by the amount of the premium originally received. When a written put option is exercised, the amount of the premium originally received will reduce the cost of the security that the fund purchased upon exercise. Option contract transactions may incur a commission, in addition to the premium paid or received.

Purchased options on Euro-Bund futures are recorded, accounted for and reported in the financial statements very much like futures contracts. There is no premium paid at the time of purchase and they are marked to market daily with variation margin payments received or made by the funds daily based on fluctuation in value and recorded as unrealized gain or loss. At the expiration of the option, the accumulated variation margin received or paid is recorded as realized gain or loss. If the option is exercised, the transaction is recorded as a normal purchase or sale of a futures contract.

A risk in writing (selling) a call option is that the fund gives up the opportunity for profit if the market price of the security increases to or above the strike price and the option is exercised. A risk in writing (selling) a call option on a futures contract, including a Euro-Bund futures contract, is that the fund may incur a loss if the market value of the underlying futures contract increases and the option is exercised. A risk in writing a put option is that the fund may incur a loss if the market price of the security, or futures contract including a Euro-Bund futures contract, decreases and the option is exercised. A risk in buying an option, including an option on a Euro-Bund futures contract, is that the fund pays a premium whether or not the option is exercised. The use of over-the-counter option contracts may also include counterparty risk, which is the risk that the other party to the contract may not fulfill its obligations.

Written option activity for the year-to-date period ended September 30, 2012 was as follows:

As of September 30, 2012, the following funds had open written option contracts or open purchased option contracts on Euro-Bund futures:

Swaps are two-party contracts entered into primarily by institutional investors for periods typically ranging from a few weeks to more than one year. In a typical “swap” transaction, two parties agree to exchange the returns (or differentials in rates of return) earned or

realized on particular predetermined investments or instruments, such as specified interest rates, a particular foreign currency, or a “basket” of securities or commodities as represented by a particular index. The gross returns to be exchanged or “swapped” between the parties are generally calculated based on the return on or change in value of a “notional amount”, i.e. the predetermined dollar amount on which the dollar amount of gross returns are calculated.

Swap contract provisions and underlying assets are varied and customized to the specifications of the swap parties. Total return swaps are contracts in which one party agrees to make periodic payments to another party based on the change in market value of the assets underlying the contract, which may include a specified security, basket of securities or securities indexes during the specified period, in return for periodic payments based on a fixed or variable interest rate or the total return from other underlying assets. Total return swaps may be used to obtain exposure to a security or market without owning or taking physical custody of such security or investing directly in such market. Credit default swaps are contracts whereby one party makes periodic payments to a counterparty in exchange for the right to receive from the counterparty a payment equal to the par (or other agreed-upon) value of a referenced fixed income security in the event of a default or other agreed upon credit related event by the issuer of the debt obligation. Interest rate swaps involve the exchange by a fund with another party of their respective commitments to pay or receive interest, e.g., an exchange of floating rate payments for fixed rate payments with respect to a notional amount of principal. Inflation rate swaps involve the exchange by a fund with another party of their respective commitments to pay or receive a fixed rate in exchange for the rate of change of an inflation index with respect to a notional amount of principal.

Certain funds may enter into swaps to manage certain risks (e.g. interest rate risk, which is the risk that interest rates will rise, causing prices of fixed income securities to fall, and credit risk, which is the risk that the issuer of a fixed income security will default on its obligation to pay interest and/or principal on the instrument in a timely manner). Some funds also may use swaps to manage foreign currency risk or to obtain or adjust investment exposure to certain assets or asset classes.

The risks of entering into swaps include the possible lack of liquidity and unfavorable changes in the underlying investments or instruments. The use of swaps may also include counterparty risk, which is the risk that the other party to a swap may not fulfill its obligations.

In certain types of swap transactions, the risk of loss is increased because the fund may be required to make additional or higher payments to the counterparty as a result of market volatility. In addition, swaps are not traded on exchanges or other organized markets and are generally illiquid.

Swap value changes, including the periodic amounts of interest to be paid or received on swaps, are recorded as unrealized appreciation (depreciation) on swaps. A realized gain or loss is recorded upon receipt or payment of a periodic settlement or termination of a swap.

A swaption is a contract that gives the holder the right (but not the obligation), in return for the payment of a premium, to enter into a new swap agreement, or shorten, extend, cancel or otherwise modify an existing swap agreement, at some designated future time on specified terms.

Certain funds may enter into swaptions to manage certain risks (e.g., interest rate risk, which is the risk that interest rates will rise, causing bond prices to fall, and credit risk, which is the risk that the issuer of a debt instrument will default on its obligation to pay interest and/or principal on the instrument in a timely manner). Some funds also may use swaptions to manage foreign currency risk or to obtain or adjust investment exposure to certain assets or asset classes.

When a fund purchases a swaption, it risks losing the amount of the premium it has paid should it decide to let the option expire unexercised. However, when a fund writes a swaption, upon exercise of the option the fund will become obligated according to the terms of the underlying agreement (i.e., the fund may be required to enter into a new swap agreement, or to shorten, extend, cancel, or otherwise modify an existing swap agreement, even when there has been an unfavorable change in the value of the underlying swap). The use of swaptions includes counterparty risk, which is the risk that the other party to a swaption may not fulfill its obligations.

When a fund writes a call or put swaption, an amount equal to the premium received is recorded as a liability and subsequently marked to market to reflect the current value of the swaption written. Certain swaptions may be written with premiums to be determined on a future date. Premiums received from writing swaptions that expire are treated as realized gains. Premiums received from writing swaptions that are exercised or closed are added to the proceeds or offset against amounts paid on the underlying swap to determine the realized gain or loss.

Funds may also purchase put and call swaptions. Purchasing put or call swaptions tends to increase the fund’s potential opportunity to benefit from favorable market value changes in the underlying swap without obligating the fund to participate in unfavorable market changes that may occur. Premiums paid for purchasing swaptions which expire are treated as realized losses. Certain swaptions may be purchased with premiums to be determined on a future date. The premiums for these swaptions are based upon implied volatility parameters at specified terms. When a fund enters into a closing sale transaction, the fund will realize a gain or loss depending on whether the sales proceeds from the closing sale transaction are greater or less than the cost of the swaption. When a fund exercises a put swaption, it will realize a gain or loss from the underlying swap and the proceeds will be decreased by the premium originally paid. When a fund exercises a call swaption, the cost of the swap that the fund purchases upon exercise will be increased by the premium originally paid.

Written swaption activity for the year-to-date period ended September 30, 2012 was as follows:

As of September 30, 2012, the following fund had open written swaption contracts outstanding:

As of September 30, 2012, net unrealized appreciation (depreciation) on investments was as follows:

Certain funds lend securities to approved borrowers to seek to earn additional income. As of September 30, 2012 certain funds had loaned securities, which were collateralized by cash or other forms of collateral as provided for in the Company’s Securities Lending Agency Agreement with JPMorgan Chase Bank, N.A. at least equal to the market value of the securities loaned. The funds receive dividends and interest on the loaned securities and a portion of interest earned on reinvested collateral. All securities loaned are marked to market daily in U.S. dollars and collateral is received and released accordingly on the following day to achieve the required collateralization for the previous day’s market value. The fund may terminate a loan at any time and generally expects to receive the securities loaned within the normal settlement period for the security involved. As with other extensions of credit, there are risks of delay in recovery or even loss of rights in collateral in the event of default or insolvency of the borrower. The fund may not retain voting rights on securities while they are on loan. Voting rights on the loaned securities may pass to the borrower. The funds, however, are entitled to terminate or recall the loans to vote proxies or otherwise obtain rights to vote or consent with respect to a material event.

The funds will be indemnified by its custodian for securities lending programs conducted through the custodian if, at the time of a default by a borrower, some or all of the loaned securities have not been returned by the borrower. The custodian, as soon as practicable after the time of default, shall deposit in the funds’ accounts securities of the same number, issue, type, class and series of the unreturned loaned securities. If the custodian is unable to purchase replacement securities, it will credit to the funds’ accounts an

amount equal to the market value of the unreturned loaned securities. For purposes of calculating the amount of credit to a fund’s account, the market value of U.S. securities will be determined as of the date on which the custodian posts the credit to the fund and the market value of the U.S. securities may be more or less than it was on the date the securities were due to be returned to the fund. For non-U.S. securities, the market value of the securities to be credited to a fund is determined as of the date the securities were due to be returned to the fund.

The market value of the securities on loan and the value of the related collateral as of September 30, 2012, were as follows:

The Company files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q; the Company’s Forms N-Q are available on the SEC’s website at www.sec.gov and may be reviewed and copied at the SEC’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling 800-SEC-0330.

Wilshire^®, the Wilshire Indexes^SM, Wilshire 5000 Total Market Index^SM, and Wilshire 4500 Completion Index^SM are service marks of Wilshire Associates Incorporated (“Wilshire”) and have been licensed for use by The Vantagepoint Funds (the “Funds”), on behalf of the Broad Market Index Fund and the Mid/Small Company Index Fund, respectively. All content of the Wilshire Indexes and the aforementioned indexes is ^©2012 Wilshire Associates Incorporated, all rights reserved. The Funds are not sponsored, endorsed, sold or promoted by Wilshire, and Wilshire makes no representations or warranties with respect to the Funds. Wilshire has no relationship with The Vantagepoint Funds, other than the licensing of the aforementioned indexes and its service marks for use in connection with these two Funds. Wilshire does not:

Wilshire shall have no liability in connection with the Funds. Specifically, Wilshire makes no representation or warranty, express or implied, regarding:

Wilshire shall not have any liability for any errors, omissions or interruptions in the above indexes or related data. Under no circumstances will Wilshire be liable for any lost profits or indirect, punitive, special or consequential damages or losses, even if Wilshire knows that they might occur. The licensing agreement between The Vantagepoint Funds, on behalf of the Broad Market Index Fund and the Mid/Small Company Index Fund, and Wilshire is solely for the Funds’ benefit and not for the benefit of Fund shareholders or any other third parties.

“Standard & Poor’s “, “S&P “, “S&P 500 “, “Standard & Poor’s 500 “, and “500” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by The Vantagepoint Funds for the Vantagepoint 500 Stock Index Fund. The Fund is not sponsored, endorsed, sold or promoted by Standard & Poor’s, a division of The McGraw-Hill Companies, Inc., and makes no representation regarding the advisability of investing in the Fund.

Sub-item 2(a) The Principal Executive Officer and Principal Financial Officer of the registrant have concluded that the registrant’s disclosure controls and procedures are effective based on the evaluation of the disclosure controls and procedures by registrant’s management as of a date within 90 days of the filing of this report.

Sub-item 2(b) There was no change in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3 (Exhibits): The required certifications of the principal executive officer and principal financial officer are attached.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


Vantagepoint Growth & Income Fund
TOTAL INVESTMENTS—102.5% (Cost $1,086,090,770)		1,332,429,104
Other assets less liabilities—(2.5%)		(32,259,062	)

NET ASSETS—100.0%	$	1,300,170,042


Vantagepoint Broad Market Index Fund
TOTAL INVESTMENTS—105.0% (Cost $393,831,092)		588,284,034
Other assets less liabilities—(5.0%)		(27,866,333	)

NET ASSETS—100.0%	$	560,417,701


*Low Duration Bond Fund*

Investment Type	Level 1			Level 2			Level 3		Total
Investments in Securities:
Corporate Obligations	$	—		$	385,215,041		$	—	$	385,215,041
Mortgage-Related Securities		—			41,212,655			—		41,212,655
U.S. Treasury Obligations		—			57,137,290			—		57,137,290
Government Related Obligations		—			37,705,373			—		37,705,373
Asset-Backed Securities		—			54,818,669			—		54,818,669
Money Market Funds		42,717,372			—			—		42,717,372

Total Investments in Securities	$	42,717,372		$	576,089,028		$	—	$	618,806,400

Derivative Instruments:

Liabilities:
Futures		(20,796	)		—			—		(20,796	)
Forward Currency Contracts		—			(4,772	)		—		(4,772	)

Total Liabilities		(20,796	)		(4,772	)		—		(25,568	)

Total Derivative Instruments	$	(20,796	)	$	(4,772	)	$	—	$	(25,568	)


*Inflation Protected Securities Fund*

Investment Type	Level 1			Level 2			Level 3		Total
Investments in Securities:
Corporate Obligations	$	—		$	13,278,389		$	—	$	13,278,389
U.S. Treasury Obligations		—			628,425,537			—		628,425,537
Government Related Obligations		—			3,769,888			—		3,769,888
Asset-Backed Securities		—			4,715,871			—		4,715,871
Purchased Options		98,437			—			—		98,437
Certificates of Deposit		—			4,485,327			—		4,485,327
Money Market Funds		11,240,710			—			—		11,240,710

Total Investments in Securities	$	11,339,147		$	654,675,012		$	—	$	666,014,159

Derivative Instruments:
Assets:
Swap Agreements		—			5,749			—		5,749
Futures		150,825			—			—		150,825

Total Assets		150,825			5,749			—		156,574


Liabilities:
Written Options		(19,422	)		(420,767	)		—		(440,189	)
Futures		(36,803	)		—			—		(36,803	)

Total Liabilities		(56,225	)		(420,767	)		—		(476,992	)

Total Derivative Instruments	$	94,600		$	(415,018	)	$	—	$	(320,418	)


*Equity Income Fund*

Investment Type	Level 1			Level 2			Level 3		Total
Investments in Securities:
Common Stocks	$	1,887,643,555		$	6,668,728		$	—	$	1,894,312,283
Convertible Preferred Stocks		—			3,399,936			—		3,399,936
Money Market Funds		209,786,947			—			—		209,786,947

Total Investments in Securities	$	2,097,430,502		$	10,068,664		$	—	$	2,107,499,166


*Growth & Income Fund*

Investment Type	Level 1			Level 2			Level 3		Total
Investments in Securities:
Common Stocks	$	1,256,608,843		$	3,642,872		$	—	$	1,260,251,715
Money Market Funds		72,177,389			—			—		72,177,389

Total Investments in Securities	$	1,328,786,232		$	3,642,872		$	—	$	1,332,429,104


*Growth Fund*

Investment Type	Level 1			Level 2			Level 3		Total
Investments in Securities:
Common Stocks	$	1,856,294,204		$	—		$	—	$	1,856,294,204
Money Market Funds		112,171,998			—			—		112,171,998

Total Investments in Securities	$	1,968,466,202		$	—		$	—	$	1,968,466,202


*Select Value Fund*

Investment Type	Level 1			Level 2			Level 3		Total
Investments in Securities:
Common Stocks	$	338,770,465		$	—		$	—	$	338,770,465
Money Market Funds		41,916,240			—			—		41,916,240

Total Investments in Securities	$	380,686,705		$	—		$	—	$	380,686,705


*Aggressive Opportunities Fund*

Investment Type	Level 1			Level 2			Level 3		Total
Investments in Securities:
Common Stocks	$	959,903,279		$	6,265,624		$	—	$	966,168,903
Money Market Funds		179,642,078			—			—		179,642,078

Total Investments in Securities	$	1,139,545,357		$	6,265,624		$	—	$	1,145,810,981


*Discovery Fund*

Investment Type	Level 1			Level 2			Level 3		Total
Investments in Securities:
Common Stocks	$	95,273,188		$	3,158,508		$	—	$	98,431,696
Convertible Preferred Stocks		—			1,267,428			—		1,267,428
Corporate Obligations		—			51,292,513			—		51,292,513
Mortgage-Related Securities		—			8,866,293			—		8,866,293
Convertible Debt Obligations		—			3,140			—		3,140
U.S. Treasury Obligations		—			30,102,121			—		30,102,121
Government Related Obligations		—			10,466,301			—		10,466,301
Asset-Backed Securities		—			5,340,999			—		5,340,999
Warrants		—			21,324			—		21,324
Money Market Funds		19,493,703			—			—		19,493,703

Total Investments in Securities	$	114,766,891		$	110,518,627		$	—	$	225,285,518

Derivative Instruments:

Liabilities:
Futures		(2,575,148	)		—			—		(2,575,148	)
Forward Currency Contracts		—			(6,847	)		—		(6,847	)

Total Liabilities		(2,575,148	)		(6,847	)		—		(2,581,995	)

Total Derivative Instruments	$	(2,575,148	)	$	(6,847	)	$	—	$	(2,581,995	)


*International Fund*

Investment Type	Level 1			Level 2			Level 3		Total
Investments in Securities:
Common Stocks	$	138,932,013		$	1,111,659,632		$	—	$	1,250,591,645
Preferred Stocks		—			7,525,052			—		7,525,052
Money Market Funds		98,285,445			—			—		98,285,445

Total Investments in Securities	$	237,217,458		$	1,119,184,684		$	—	$	1,356,402,142

Derivative Instruments:

Liabilities:
Forward Currency Contracts		—			(2,888	)		—		(2,888	)

Total Liabilities		—			(2,888	)		—		(2,888	)

Total Derivative Instruments	$	—		$	(2,888	)	$	—	$	(2,888	)


*Diversifying Strategies Fund*

Investment Type	Level 1			Level 2			Level 3		Total
Investments in Securities:
Common Stocks	$	10,890,916		$	21,787,651		$	—	$	32,678,567
Convertible Preferred Stocks		3,602,550			8,000,751			—		11,603,301
Corporate Obligations		—			311,967,820			—		311,967,820
Mortgage-Related Securities		—			58,431,364			—		58,431,364
Convertible Debt Obligations		—			317,917,160			—		317,917,160
U.S. Treasury Obligations		—			83,130,437			—		83,130,437
Government Related Obligations		—			47,434,373			—		47,434,373
Asset-Backed Securities		—			49,519,095			—		49,519,095
Purchased Options		2,994,469			342,960			—		3,337,429
Certificates of Deposit		—			2,292,029			—		2,292,029
Commercial Paper		—			899,478			—		899,478
Money Market Funds		48,026,346			—			—		48,026,346

Total Investments in Securities	$	65,514,281		$	901,723,118		$	—	$	967,237,399

Derivative Instruments:
Assets:
Purchased Options on Euro-Bund Futures		219,048			—			—		219,048
Futures		63,720			—			—		63,720
Forward Currency Contracts		—			554,645			—		554,645

Total Assets		282,768			554,645			—		837,413

Liabilities:
Written Options		—			(264,215	)		—		(264,215	)
Futures		(2,420,023	)		—			—		(2,420,023	)
Forward Currency Contracts		—			(976,952	)		—		(976,952	)

Total Liabilities		(2,420,023	)		(1,241,167	)		—		(3,661,190	)

Total Derivative Instruments	$	(2,137,255	)	$	(686,522	)	$	—	$	(2,823,777	)


*Core Bond Index Fund*

Investment Type	Level 1			Level 2			Level 3		Total
Investments in Securities:
Corporate Obligations	$	—		$	259,612,992		$	—	$	259,612,992
Mortgage-Related Securities		—			395,785,717			—		395,785,717
U.S. Treasury Obligations		—			442,880,155			—		442,880,155
Government Related Obligations		—			127,926,744			—		127,926,744
Asset-Backed Securities		—			3,692,183			—		3,692,183
Money Market Funds		56,863,660			—			—		56,863,660

Total Investments in Securities	$	56,863,660		$	1,229,897,791		$	—	$	1,286,761,451


*500 Stock Index Fund*

Investment Type	Level 1			Level 2			Level 3		Total
Investments in Securities:
Common Stocks	$	456,030,861		$	—		$	—	$	456,030,861
U.S. Treasury Obligations		—			459,918			—		459,918
Money Market Funds		22,996,421			—			—		22,996,421

Total Investments in Securities	$	479,027,282		$	459,918		$	—	$	479,487,200

Derivative Instruments:
Assets:
Futures		8,763			—			—		8,763

Total Assets		8,763			—			—		8,763

Total Derivative Instruments	$	8,763		$	—		$	—	$	8,763


*Broad Market Index Fund*

Investment Type	Level 1			Level 2			Level 3		Total
Investments in Securities:
Common Stocks	$	549,334,345		$	243,162		$	—	$	549,577,507
U.S. Treasury Obligations		—			589,895			—		589,895
Rights		—			—			—		—
Warrants		—			—			—		—
Money Market Funds		38,116,632			—			—		38,116,632

Total Investments in Securities	$	587,450,977		$	833,057		$	—	$	588,284,034

Derivative Instruments:

Liabilities:
Futures		(48,969	)		—			—		(48,969	)

Total Liabilities		(48,969	)		—			—		(48,969	)

Total Derivative Instruments	$	(48,969	)	$	—		$	—	$	(48,969	)


*Mid/Small Company Index Fund*

Investment Type	Level 1			Level 2			Level 3		Total
Investments in Securities:
Common Stocks	$	478,344,164		$	332,976		$	—	$	478,677,140
U.S. Treasury Obligations		—			409,927			—		409,927
Rights		—			—			—		—
Warrants		—			—			—		—
Money Market Funds		68,420,516			—			—		68,420,516

Total Investments in Securities	$	546,764,680		$	742,903		$	—	$	547,507,583

Derivative Instruments:

Liabilities:
Futures		(84,414	)		—			—		(84,414	)

Total Liabilities		(84,414	)		—			—		(84,414	)

Total Derivative Instruments	$	(84,414	)	$	—		$	—	$	(84,414	)


*Overseas Equity Index Fund*

Investment Type	Level 1			Level 2			Level 3		Total
Investments in Securities:
Common Stocks	$	—		$	210,796,310		$	—	$	210,796,310
Preferred Stocks		—			1,152,374			—		1,152,374
U.S. Treasury Obligations		—			309,945			—		309,945
Rights		—			4,586			—		4,586
Money Market Funds		16,975,763			—			—		16,975,763

Total Investments in Securities	$	16,975,763		$	212,263,215		$	—	$	229,238,978

Derivative Instruments:
Assets:
Futures		8,091			—			—		8,091
Forward Currency Contracts		—			4,861			—		4,861

Total Assets		8,091			4,861			—		12,952


Liabilities:
Futures		(96,408	)		—			—		(96,408	)
Forward Currency Contracts		—			(13,909	)		—		(13,909	)

Total Liabilities		(96,408	)		(13,909	)		—		(110,317	)

Total Derivative Instruments	$	(88,317	)	$	(9,048	)	$	—	$	(97,365	)


Discovery Fund	Common Stocks
Balance as of December 31, 2011	$	183,980
Accrued discounts/(premiums)		—
Realized gain/(loss)		—
Change in unrealized appreciation/(depreciation)		—
Purchases		—
Sales		—
Transfers in to Level 3		—
Transfers out of Level 3		(183,980	)

Balance as of September 30, 2012	$	—


AUD	—	Australian Dollar	JPY	—	Japanese Yen
BRL	—	Brazilian Real	MXN	—	Mexican Peso
CAD	—	Canadian Dollar	NOK	—	Norwegian Krona
CHF	—	Swiss Franc	NZD	—	New Zealand Dollar
EUR	—	European Monetary Unit	SEK	—	Swedish Krona
GBP	—	British Pound	USD	—	U.S. Dollar


CBT	—	Chicago Board of Trade Exchange	MIL	—	Milan Stock Exchange
CME	—	Chicago Mercantile Exchange	MSE	—	Montreal Exchange
EOE	—	Dutch Options Exchange	NYF	—	New York Futures Exchange
EOP	—	NYSE – Liffe Exchange	SFE	—	Sydney Futures Exchange
EUX	—	Eurex Deutschland Exchange	SGX	—	Singapore Exchange
HKG	—	Hong Kong Futures Exchange	TSE	—	Tokyo Stock Exchange
LIF	—	Liffe Exchange


Number of Contracts	Exchange	Contract	Expiration Date	Contract Value		Net Unrealized Appreciation/ (Depreciation)
Purchased
180	CBT	U.S. 10 Year Treasury Note	December 2012	$	24,027,187	$	150,555

Sold
48	CBT	U.S. 2 Year Treasury Note	December 2012	$	10,585,500	$	(5,575	)
6	CBT	U.S. 5 Year Treasury Note	December 2012		747,797		270
68	CBT	U.S. Long Bond	December 2012		10,157,500		(19,823	)
87	CBT	U.S. Ultra Bond	December 2012		14,374,031		(11,405	)

						$	(36,533	)

						$	114,022


Sold
295	SGX	10 Year Mini-JGB	December 2012	$	54,524,347	$	(152,642	)
108	SFE	Australian Government 10
		Year Bond	December 2012		14,215,545		(247,938	)
106	MSE	Canadian Government 10
		Year Bond	December 2012		14,801,831		(121,348	)
110	CME	E-MINI S&P 500 Index	December 2012		7,888,100		(9,300	)
12	EUX	Euro-Bund Futures	December 2012		2,186,178		(2,195	)
106	HKG	Hang Seng Index	October 2012		14,268,350		(102,033	)
8	TSE	Japan 10 Year Bond	December 2012		14,781,138		(28,842	)
30	MSE	S&P/TSX 60 Index	December 2012		4,276,472		44,460
54	TSE	TOPIX Index	December 2012		5,085,853		(69,866	)
28	CBT	U.S. 5 Year Treasury Note	December 2012		3,489,719		(16,912	)
114	LIF	UK Gilt Long Bond	December 2012		22,204,598		11,462

						$	(695,154	)

						$	(2,356,303	)


Fund	Manage Foreign Currency Risk		Obtain or Adjust Investment Exposure to Foreign Currencies
Low Duration Bond		*		*
Inflation Protected Securities		*		*
Equity Income		*
Growth & Income		*
Growth		*
Select Value		*
Aggressive Opportunities		*
Discovery		*		*
International		*		*
Diversifying Strategies		*		*
Overseas Equity Index		*


Contract Type	Counterparty	Currency to Deliver	In Exchange For	Exchange Date	Foreign Currency Cost/Proceeds (U.S.$)		U.S. Dollar Value at September 30, 2012		Net Unrealized Appreciation/ (Depreciation)
Purchase	Deutsche Bank AG	USD	AUD	11/05/2012	$	13,215,991	$	13,122,677	$	(93,314	)
Purchase	Goldman Sachs International	USD	AUD	11/05/2012		10,898,396		10,819,561		(78,835	)
Purchase	Deutsche Bank AG	USD	CAD	11/05/2012		25,916,685		25,726,090		(190,595	)
Purchase	Goldman Sachs International	USD	CAD	11/05/2012		25,919,339		25,726,090		(193,249	)
Purchase	Deutsche Bank AG	USD	CHF	11/05/2012		170,720		170,219		(501	)
Purchase	Goldman Sachs International	USD	CHF	11/05/2012		170,755		170,218		(537	)
Purchase	Deutsche Bank AG	USD	EUR	11/05/2012		4,449,603		4,425,334		(24,269	)
Purchase	Deutsche Bank AG	USD	GBP	11/05/2012		17,134,088		17,070,643		(63,445	)
Purchase	Deutsche Bank AG	USD	JPY	11/05/2012		14,368,674		14,355,443		(13,231	)
Purchase	Goldman Sachs International	USD	JPY	11/05/2012		9,550,895		9,530,377		(20,518	)
Purchase	JPMorgan Chase Bank NA	USD	MXN	10/29/2012		168,803		173,500		4,697
Purchase	JPMorgan Chase Bank NA	USD	MXN	10/29/2012		691,840		735,827		43,987
Purchase	Deutsche Bank AG	USD	NOK	11/05/2012		1,609,380		1,615,529		6,149
Purchase	Deutsche Bank AG	USD	NZD	11/05/2012		9,618,160		9,721,025		102,865
Purchase	Goldman Sachs International	USD	NZD	11/05/2012		7,317,464		7,407,664		90,200
Purchase	Deutsche Bank AG	USD	SEK	11/05/2012		13,212,395		13,246,681		34,286
Purchase	Goldman Sachs International	USD	SEK	11/05/2012		11,025,455		11,052,010		26,555

									$	(369,755	)

Sale	JPMorgan Chase Bank NA	BRL	USD	10/24/2012	$	405,561	$	414,469	$	(8,908	)
Sale	Deutsche Bank AG	CAD	USD	11/05/2012		3,845,523		3,840,277		5,246
Sale	Goldman Sachs International	CHF	USD	12/19/2012		1,034,152		1,025,774		8,378
Sale	JPMorgan Chase Bank NA	EUR	USD	10/09/2012		1,534,064		1,560,154		(26,090	)
Sale	Goldman Sachs International	EUR	USD	11/05/2012		31,262,053		31,159,770		102,283
Sale	Deutsche Bank AG	EUR	USD	11/05/2012		37,627,924		37,514,256		113,668
Sale	JPMorgan Chase Bank NA	GBP	USD	10/09/2012		1,649,261		1,671,271		(22,010	)
Sale	Deutsche Bank AG	GBP	USD	11/05/2012		22,384,703		22,441,410		(56,707	)
Sale	Goldman Sachs International	GBP	USD	11/05/2012		22,386,091		22,441,408		(55,317	)
Sale	Deutsche Bank AG	JPY	USD	11/05/2012		4,653,202		4,636,871		16,331
Sale	JPMorgan Chase Bank NA	MXN	USD	10/29/2012		3,304,949		3,391,002		(86,053	)
Sale	Goldman Sachs International	NOK	USD	11/05/2012		410,926		412,235		(1,309	)
Sale	Deutsche Bank AG	NOK	USD	11/05/2012		1,366,057		1,373,280		(7,223	)
Sale	Deutsche Bank AG	NZD	USD	11/05/2012		1,782,395		1,789,695		(7,300	)
Sale	Deutsche Bank AG	SEK	USD	11/05/2012		5,790,127		5,817,668		(27,541	)

									$	(52,552	)

									$	(422,307	)


*Overseas Equity Index Fund*

Contract Type	Counterparty	Currency to Deliver	In Exchange For	Exchange Date	Foreign Currency Cost/Proceeds (U.S.$)		U.S. Dollar Value at September 30, 2012		Net Unrealized Appreciation/ (Depreciation)
Purchase	Credit Suisse International	USD	AUD	12/19/2012	$	112,202	$	111,370	$	(832	)
Purchase	Deutsche Bank AG	USD	AUD	12/19/2012		114,101		113,328		(773	)
Purchase	Westpac Banking Corp.	USD	AUD	12/19/2012		377,855		375,312		(2,543	)
Purchase	Credit Suisse International	USD	EUR	12/19/2012		164,488		163,728		(760	)
Purchase	Deutsche Bank AG	USD	EUR	12/19/2012		33,053		32,797		(256	)
Purchase	Westpac Banking Corp.	USD	EUR	12/19/2012		929,181		924,507		(4,674	)
Purchase	Credit Suisse International	USD	GBP	12/19/2012		376,302		375,196		(1,106	)
Purchase	Deutsche Bank AG	USD	GBP	12/19/2012		94,339		93,799		(540	)
Purchase	Royal Bank of Canada	USD	GBP	12/19/2012		985,471		988,560		3,089
Purchase	Credit Suisse International	USD	JPY	12/19/2012		92,959		92,782		(177	)
Purchase	UBS AG	USD	JPY	12/19/2012		936,860		934,612		(2,248	)
Purchase	Westpac Banking Corp.	USD	JPY	12/19/2012		95,239		95,924		685

									$	(10,135	)

Sale	Citibank NA	EUR	USD	12/19/2012	$	33,168	$	33,054	$	114
Sale	Bank of America NA	GBP	USD	12/19/2012		94,320		93,960		360
Sale	Citibank NA	JPY	USD	12/19/2012		94,742		94,129		613

									$	1,087

									$	(9,048	)


	Call Options						Put Options						Total
	Number of Contracts			Premium			Number of Contracts			Premium			Number of Contracts			Premium
Beginning balance as of 12/31/2011		37		$	21,010			—		$	—			37		$	21,010

Written		—			—			574			364,958			574			364,958
Closed		—			—			(219	)		(203,564	)		(219	)		(203,564	)
Expired		(37	)		(21,010	)		(129	)		(82,506	)		(166	)		(103,516	)

Ending balance as of 09/30/2012		—			—			226		$	78,888			226		$	78,888


Option Type	Description	# Contracts	Strike Price	Expiration Date	Unrealized Gain/(Loss)
Written Put	U.S. 5 Year Treasury Note	226	123.75	11/23/2012	$59,466


	Call Swaptions						Put Swaptions						Total
	Notional Amount			Premium			Notional Amount			Premium			Notional Amount			Premium
Beginning balance as of 12/31/2011	$	—		$	—		$	42,100,000		$	323,650		$	42,100,000		$	323,650

Written		25,200,000			190,635			25,500,000			267,141			50,700,000			457,776
Closed		(4,800,000	)		(50,880	)		(42,100,000	)		(323,650	)		(46,900,000	)		(374,530	)
Expired		—			—			(4,800,000	)		(50,880	)		(4,800,000	)		(50,880	)

Ending balance as of 09/30/2012	$	20,400,000		$	139,755		$	20,700,000		$	216,261		$	41,100,000		$	356,016


										Net
										Unrealized
			Notional					Expiration		Appreciation/
Exchange	Counterparty	Contract	Amount		Strike Rate			Date		(Depreciation)
OTC	Royal Bank of Scotland plc	Put—Interest Rate Swaption	$	7,600,000		1.40	%		3/18/2013	$	7,698
OTC	Royal Bank of Scotland plc	Call—Interest Rate Swaption		7,600,000		0.75	%		3/18/2013		590
OTC	Deutsche Bank AG	Put—Interest Rate Swaption		7,300,000		1.70	%		3/18/2013		138,116
OTC	Deutsche Bank AG	Call—Interest Rate Swaption		7,300,000		1.70	%		3/18/2013		(196,983	)
OTC	BNP Paribas SA	Call—Interest Rate Swaption		3,100,000		0.75	%		3/18/2013		47
OTC	BNP Paribas SA	Put—Interest Rate Swaption		3,100,000		1.40	%		3/18/2013		4,031
OTC	Citibank NA	Call—Interest Rate Swaption		2,400,000		1.70	%		3/18/2013		(64,831	)
OTC	Citibank NA	Put—Interest Rate Swaption		2,400,000		1.70	%		3/18/2013		43,802
OTC	Deutsche Bank AG	Put—Interest Rate Swaption		300,000		2.00	%		3/18/2013		2,779

										$	(64,751	)


							Tax Basis
	Federal		Gross		Gross		Net Unrealized
	Income Tax		Unrealized		Unrealized		Appreciation/
Fund	Cost		Appreciation		Depreciation		(Depreciation)
Low Duration Bond	$	608,780,504	$	11,289,665	$	1,263,769	$	10,025,896
Inflation Protected Securities		608,017,566		58,143,363		146,770		57,996,593
Equity Income		1,898,132,984		348,250,044		138,883,862		209,366,182
Growth & Income		1,097,957,745		263,253,285		28,781,926		234,471,359
Growth		1,689,336,680		301,087,955		21,958,433		279,129,522
Select Value		338,388,437		50,070,310		7,772,042		42,298,268
Aggressive Opportunities		1,076,387,082		103,108,200		33,684,301		69,423,899
Discovery		217,710,450		16,274,290		8,699,222		7,575,068
International		1,291,355,115		146,967,965		81,920,938		65,047,027
Diversifying Strategies		954,004,458		17,072,588		3,839,647		13,232,941
Core Bond Index		1,223,679,850		65,312,694		2,231,093		63,081,601
500 Stock Index		317,954,016		205,839,888		44,306,704		161,533,184
Broad Market Index		394,038,056		272,323,339		78,077,361		194,245,978
Mid/Small Company Index		474,736,345		120,521,613		47,750,375		72,771,238
Overseas Equity Index		249,911,029		32,390,444		53,062,495		(20,672,051	)
Model Portfolio Savings Oriented		291,554,792		20,872,624		—		20,872,624
Model Portfolio Conservative Growth		567,899,637		42,101,117		—		42,101,117
Model Portfolio Traditional Growth		1,406,337,929		105,240,193		10,956,759		94,283,434
Model Portfolio Long-Term Growth		1,756,311,484		151,843,269		21,234,991		130,608,278
Model Portfolio All-Equity Growth		665,402,076		49,067,708		9,025,772		40,041,936
Milestone Retirement Income		226,270,111		8,374,788		—		8,374,788
Milestone 2010		223,551,687		12,801,363		—		12,801,363
Milestone 2015		402,363,945		27,071,542		—		27,071,542
Milestone 2020		427,312,469		33,078,072		—		33,078,072
Milestone 2025		341,647,505		29,725,109		—		29,725,109
Milestone 2030		266,491,398		27,959,980		—		27,959,980
Milestone 2035		174,040,069		20,160,661		—		20,160,661
Milestone 2040		164,740,902		24,815,627		—		24,815,627
Milestone 2045		47,986,764		4,917,801		—		4,917,801
Milestone 2050		500,055		3,390		496		2,894


Fund	Securities on Loan		Collateral		Collateralization
Low Duration Bond	$	24,584,836	$	25,094,847		102	%
Inflation Protected Securities		302,955		307,500		102	%
Equity Income		95,121,593		97,746,698		103	%
Growth & Income		27,890,679		28,625,948		103	%
Growth		29,666,118		30,198,607		102	%
Select Value		24,417,635		25,134,156		103	%
Aggressive Opportunities		150,807,202		154,655,923		103	%
Discovery		11,706,495		11,987,926		102	%
International		81,589,221		85,495,530		105	%
Core Bond Index		24,372,425		24,886,702		102	%
500 Stock Index		14,409,520		14,799,402		103	%
Broad Market Index		27,559,747		28,421,333		103	%
Mid/Small Company Index		59,374,840		61,997,493		104	%
Overseas Equity Index		12,299,062		13,028,793		106	%


		The Vantagepoint Funds

By:		/s/ Joan McCallen
		Joan McCallen, Principal Executive Officer

Date		November 27, 2012