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—68.4%
Aerospace & Defense—0.2%
United Technologies Corp.
0.787%		06/01/2015	#	$	1,285,000	$	1,298,274

Auto Components—0.5%
Johnson Controls, Inc.
1.750%		03/01/2014			3,000,000		3,034,839

Automobiles—1.1%
Daimler Finance North America LLC
2.300%		01/09/2015	^		1,290,000		1,318,804
1.875%		09/15/2014	^		760,000		771,411
1.250%		01/11/2016	^		650,000		652,670
Nissan Motor Acceptance Corp.
1.950%		09/12/2017	^		650,000		660,275
1.000%		03/15/2016	^		1,115,000		1,114,759
Volkswagen International Finance NV (Netherlands)
1.625%		03/22/2015	^		1,400,000		1,418,284

							5,936,203

Beverages—0.4%
Anheuser-Busch InBev Worldwide, Inc.
0.800%		07/15/2015			610,000		611,502
Heineken NV (Netherlands)
0.800%		10/01/2015	^		250,000		250,179
SABMiller Holdings, Inc.
2.450%		01/15/2017	^		720,000		750,194
1.850%		01/15/2015	^		590,000		599,775

							2,211,650

Biotechnology—0.6%
Amgen, Inc.
2.300%		06/15/2016			700,000		729,057
1.875%		11/15/2014			860,000		877,319
Gilead Sciences, Inc.
2.400%		12/01/2014			370,000		380,362
Life Technologies Corp.
3.500%		01/15/2016			1,300,000		1,357,720

							3,344,458

Capital Markets—1.6%
Bank of New York Mellon Corp. (The) MTN
1.200%		02/20/2015			300,000		303,531
E*TRADE Financial Corp.
6.000%		11/15/2017			525,000		551,906
Goldman Sachs Group, Inc. (The)
1.296%		02/07/2014	#		1,430,000		1,437,277
Morgan Stanley
1.538%		02/25/2016	#		1,150,000		1,155,718
1.280%		04/29/2013	#		1,530,000		1,530,764
Nomura Holdings, Inc. MTN (Japan)
1.730%		09/13/2016	#		1,310,000		1,315,032
TD Ameritrade Holding Corp.
4.150%		12/01/2014			1,140,000		1,203,108
WT Finance Aust Pty Ltd./Westfield Capital/WEA Finance LLC (Australia)
5.125%		11/15/2014	^		1,170,000		1,247,173

							8,744,509

Chemicals—0.4%
Airgas, Inc.
2.850%		10/01/2013			460,000		465,054


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Ashland, Inc.
3.000%		03/15/2016	^	$	900,000	$	918,001
Dow Chemical Co. (The)
2.500%		02/15/2016	†		690,000		719,093
Ecolab, Inc.
2.375%		12/08/2014			290,000		297,996

							2,400,144

Commercial Banks—11.5%
ANZ New Zealand Int’l Ltd. (New Zealand)
1.125%		03/24/2016	^		710,000		712,228
Banco Bradesco SA (Brazil)
2.390%		05/16/2014	#^		300,000		303,780
Banco de Credito del Peru (Peru)
4.750%		03/16/2016	^†		1,110,000		1,198,800
Banco de Credito e Inversiones (Chile)
3.000%		09/13/2017	^		700,000		711,805
Banco do Brasil SA (Brazil)
4.500%		01/22/2015	^†		1,180,000		1,233,100
Bancolombia SA (Colombia)
4.250%		01/12/2016	†		260,000		275,288
Bank of Ceylon (Sri Lanka)
6.875%		05/03/2017	^		840,000		888,300
Bank of Montreal MTN (Canada)
0.800%		11/06/2015			1,020,000		1,019,190
Bank of Nova Scotia (Canada)
1.850%		01/12/2015			950,000		971,424
0.750%		10/09/2015			1,440,000		1,440,323
Bank of Tokyo-Mitsubishi UFJ Ltd. (The) (Japan)
0.738%		02/26/2016	#^		1,250,000		1,250,173
Barclays Bank plc (United Kingdom)
3.900%		04/07/2015			2,590,000		2,740,720
1.345%		01/13/2014	#		970,000		975,376
BB&T Corp.
1.001%		04/28/2014	#		350,000		352,149
BB&T Corp. MTN
1.600%		08/15/2017			420,000		424,528
BBVA Banco Continental SA (Peru)
2.250%		07/29/2016	^		600,000		592,020
Canadian Imperial Bank of Commerce (Canada)
0.900%		10/01/2015			1,300,000		1,305,099
Capital One Financial Corp.
7.375%		05/23/2014			3,630,000		3,897,785
2.125%		07/15/2014			860,000		873,728
CIT Group, Inc.
4.750%		02/15/2015	^		700,000		735,000
Corpbanca SA (Chile)
3.125%		01/15/2018			1,010,000		1,000,545
Danske Bank A/S (Denmark)
1.355%		04/14/2014	#^		1,450,000		1,458,274
Discover Bank
2.000%		02/21/2018			1,710,000		1,717,129
HSBC USA, Inc.
2.375%		02/13/2015			595,000		612,487
ING Bank NV (Netherlands)
3.750%		03/07/2017	^		1,200,000		1,279,927
KeyBank NA, Bank Note
4.950%		09/15/2015			520,000		566,660
KeyCorp MTN
3.750%		08/13/2015			560,000		597,049
National Australia Bank Ltd. (Australia)
0.900%		01/20/2016			1,500,000		1,504,179


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
National Bank of Canada (Canada)
1.500%		06/26/2015		$	780,000	$	792,201
Oversea-Chinese Banking Corp. Ltd. (Singapore)
1.625%		03/13/2015	^		700,000		712,107
Royal Bank of Scotland Group plc (United Kingdom)
2.550%		09/18/2015	†		733,000		753,819
Royal Bank of Scotland plc (The) (United Kingdom)
3.950%		09/21/2015			5,990,000		6,390,527
Santander US Debt SAU (Spain)
3.781%		10/07/2015	^		900,000		918,573
Sparebank 1 Boligkreditt AS (Norway)
2.625%		05/27/2016	^		570,000		601,502
Standard Chartered plc (United Kingdom)
3.200%		05/12/2016	^		3,800,000		4,020,533
Sumitomo Mitsui Banking Corp. (Japan)
0.900%		01/18/2016			480,000		478,825
Svenska Handelsbanken AB (Sweden)
0.732%		03/21/2016	#		1,500,000		1,500,878
Toronto-Dominion Bank (The) MTN (Canada)
2.500%		07/14/2016	†		3,850,000		4,038,569
Union Bank NA, Bank Note
2.125%		12/16/2013			1,380,000		1,394,233
US Bancorp
4.200%		05/15/2014			1,300,000		1,355,563
US Bank NA, Bank Note
0.585%		10/14/2014	#		690,000		691,743
Wachovia Bank NA, Bank Note
4.800%		11/01/2014			1,385,000		1,472,785
Wells Fargo & Co. MTN
2.100%		05/08/2017			6,810,000		7,029,412
Westpac Banking Corp. MTN (Australia)
0.950%		01/12/2016			1,460,000		1,466,436

							64,254,772

Communications Equipment—0.1%
SBA Communications Corp.
5.625%		10/01/2019	^		430,000		443,975

Computers & Peripherals—1.8%
Hewlett-Packard Co.
3.000%		09/15/2016			4,436,000		4,595,315
2.650%		06/01/2016			750,000		765,569
2.350%		03/15/2015			1,100,000		1,122,785
1.550%		05/30/2014			3,660,000		3,675,895

							10,159,564

Consumer Finance—5.0%
Ally Financial, Inc.
4.625%		06/26/2015			1,300,000		1,360,905
American Express Credit Corp. MTN
5.125%		08/25/2014			3,177,000		3,376,265
2.750%		09/15/2015			2,500,000		2,615,483
1.750%		06/12/2015			2,975,000		3,041,435
American Honda Finance Corp.
1.450%		02/27/2015	^		1,190,000		1,206,791
Caterpillar Financial Services Corp.
0.700%		11/06/2015			1,270,000		1,271,922
Ford Motor Credit Co. LLC
3.875%		01/15/2015			1,280,000		1,331,219
General Motors Financial Co., Inc.
4.750%		08/15/2017	^		990,000		1,033,515


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
HSBC Finance Corp.
0.717%		06/01/2016	#	$	5,347,000	$	5,271,569
Hyundai Capital America
1.625%		10/02/2015	^		580,000		584,317
International Lease Finance Corp.
4.875%		04/01/2015			690,000		726,225
John Deere Capital Corp. MTN
2.950%		03/09/2015			1,210,000		1,265,504
PACCAR Financial Corp. MTN
1.050%		06/05/2015			280,000		283,134
0.800%		02/08/2016			300,000		299,755
RCI Banque SA (France)
2.175%		04/11/2014	#^		1,900,000		1,899,907
Toyota Motor Credit Corp.
0.875%		07/17/2015			1,620,000		1,631,181
Toyota Motor Credit Corp. MTN
1.000%		02/17/2015			910,000		918,110

							28,117,237

Diversified Financial Services—10.9%
Bank of America Corp.
3.700%		09/01/2015			635,000		669,642
1.500%		10/09/2015			7,615,000		7,644,858
Bank of America Corp. MTN
1.354%		03/22/2018	#		1,480,000		1,480,345
1.250%		01/11/2016			790,000		787,233
Bank of America Corp., Series L MTN
5.650%		05/01/2018			1,650,000		1,910,872
Bank of America Corp., Series 1
3.750%		07/12/2016			520,000		553,482
Citigroup, Inc.
6.010%		01/15/2015			2,370,000		2,567,397
6.000%		12/13/2013			2,004,000		2,076,657
4.450%		01/10/2017			1,545,000		1,702,436
1.300%		04/01/2016	†		2,189,000		2,190,344
1.084%		04/01/2016	#		1,320,000		1,321,741
CNH Capital LLC
3.875%		11/01/2015			1,035,000		1,066,050
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA (Netherlands)
3.375%		01/19/2017			7,887,000		8,451,489
Equifax, Inc.
4.450%		12/01/2014			240,000		252,783
ERAC USA Finance LLC
2.250%		01/10/2014	^		550,000		556,566
1.400%		04/15/2016	^		230,000		231,510
General Electric Capital Corp.
5.900%		05/13/2014			680,000		720,703
2.150%		01/09/2015			1,290,000		1,323,446
1.625%		07/02/2015			1,350,000		1,373,810
0.685%		01/09/2015	#		2,082,000		2,085,492
General Electric Capital Corp. MTN
1.162%		05/09/2016	#†		5,675,000		5,682,678
0.935%		04/07/2014	#		1,000,000		1,004,094
General Electric Capital Corp., Series A
3.750%		11/14/2014			1,130,000		1,187,059
Harley-Davidson Financial Services, Inc.
1.150%		09/15/2015	^		420,000		421,714
Hutchison Whampoa International 12 II Ltd. (Cayman Islands)
2.000%		11/08/2017	^		480,000		485,096
JPMorgan Chase & Co.
3.150%		07/05/2016			8,090,000		8,584,372


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
1.201%		01/25/2018	#	$	750,000	$	755,814
JPMorgan Chase & Co. MTN
1.875%		03/20/2015			1,230,000		1,253,992
NASDAQ OMX Group, Inc. (The)
4.000%		01/15/2015			1,040,000		1,087,008
Susser Holdings LLC/Susser Finance Corp.
8.500%		05/15/2016			950,000		999,281

							60,427,964

Diversified Telecommunication Services—5.9%
AT&T, Inc.
0.900%		02/12/2016			7,869,000		7,869,204
0.875%		02/13/2015			620,000		621,532
0.677%		02/12/2016	#		1,170,000		1,175,662
British Telecommunications plc (United Kingdom)
2.000%		06/22/2015			400,000		409,458
Deutsche Telekom International Finance BV (Netherlands)
3.125%		04/11/2016	^		5,595,000		5,908,762
Telecom Italia Capital SA (Luxembourg)
5.250%		11/15/2013			280,000		285,880
5.250%		10/01/2015			1,986,000		2,097,750
Telefonica Emisiones SAU (Spain)
4.949%		01/15/2015			4,000,000		4,209,332
2.582%		04/26/2013			1,090,000		1,091,340
Verizon Communications, Inc.
1.250%		11/03/2014			1,680,000		1,701,420
0.894%		03/28/2014	#		3,595,000		3,615,269
0.700%		11/02/2015			2,630,000		2,618,546
Vivendi SA (France)
2.400%		04/10/2015	^		360,000		367,642
Windstream Corp.
8.125%		08/01/2013			190,000		194,038
7.875%		11/01/2017			880,000		1,009,800

							33,175,635

Electric Utilities—2.8%
Enel Finance International NV (Netherlands)
3.875%		10/07/2014	^		6,034,000		6,204,212
Exelon Generation Co. LLC
5.350%		01/15/2014			5,345,000		5,541,985
GDF Suez (France)
1.625%		10/10/2017	^		330,000		332,066
Georgia Power Co.
1.300%		09/15/2013			1,100,000		1,104,907
0.600%		03/15/2016	#		1,394,000		1,395,828
NextEra Energy Capital Holdings, Inc.
1.611%		06/01/2014			520,000		525,038
1.200%		06/01/2015			210,000		211,701

							15,315,737

Electronic Equipment, Instruments & Components—0.4%
Agilent Technologies, Inc.
2.500%		07/15/2013			470,000		472,735
Tech Data Corp.
3.750%		09/21/2017	†		1,440,000		1,501,360

							1,974,095

Energy Equipment & Services—0.1%
National Oilwell Varco, Inc.
1.350%		12/01/2017			830,000		834,494


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Food & Staples Retailing—2.0%
Kroger Co. (The)
2.200%		01/15/2017		$	650,000	$	672,011
Tesco plc (United Kingdom)
5.500%		11/15/2017	^		2,300,000		2,688,675
2.000%		12/05/2014	^		3,700,000		3,769,925
Walgreen Co.
1.000%		03/13/2015			570,000		571,414
0.780%		03/13/2014	#		2,928,000		2,936,556
Woolworths Ltd. (Australia)
2.550%		09/22/2015	^		220,000		228,182

							10,866,763

Food Products—0.8%
ConAgra Foods, Inc.
1.350%		09/10/2015			200,000		201,579
1.300%		01/25/2016			300,000		302,579
General Mills, Inc.
0.875%		01/29/2016			240,000		240,977
0.601%		01/29/2016	#		240,000		240,373
Ingredion, Inc.
3.200%		11/01/2015			310,000		325,439
Kraft Foods Group, Inc.
1.625%		06/04/2015			440,000		447,018
Mondelez International, Inc.
5.250%		10/01/2013			340,000		347,843
2.625%		05/08/2013			340,000		340,648
Wm. Wrigley Jr. Co.
3.700%		06/30/2014	^		2,190,000		2,249,806

							4,696,262

Gas Utilities—0.2%
Sabine Pass LNG LP
7.500%		11/30/2016			1,010,000		1,121,100

Health Care Equipment & Supplies—0.5%
Covidien International Finance SA (Luxembourg)
1.875%		06/15/2013			880,000		882,567
1.350%		05/29/2015			350,000		355,228
DENTSPLY International, Inc.
1.790%		08/15/2013	#		800,000		803,337
Stryker Corp.
3.000%		01/15/2015			680,000		710,501

							2,751,633

Health Care Providers & Services—2.2%
Express Scripts Holding Co.
2.750%		11/21/2014			1,300,000		1,339,523
HCA, Inc.
6.750%		07/15/2013			225,000		228,797
Quest Diagnostics, Inc.
1.134%		03/24/2014	#		410,000		412,121
UnitedHealth Group, Inc.
1.400%		10/15/2017			270,000		272,256
0.850%		10/15/2015			1,358,000		1,362,969
WellPoint, Inc.
5.000%		12/15/2014			2,000,000		2,143,964
2.375%		02/15/2017			5,430,000		5,630,627
1.250%		09/10/2015			550,000		554,880

							11,945,137


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Hotels, Restaurants & Leisure—0.1%
Carnival Corp. (Panama)
1.875%		12/15/2017		$	280,000	$	281,191

Household Durables—0.1%
Lennar Corp.
4.750%		12/15/2017			700,000		736,750

Insurance—3.8%
Aflac, Inc.
3.450%		08/15/2015	†		2,937,000		3,122,583
Allstate Corp. (The)
6.200%		05/16/2014			800,000		849,054
American International Group, Inc.
3.000%		03/20/2015			700,000		726,587
2.375%		08/24/2015			400,000		410,559
Hartford Financial Services Group, Inc.
4.000%		03/30/2015			510,000		539,254
MetLife, Inc.
2.375%		02/06/2014			450,000		457,269
Metropolitan Life Global Funding I
5.125%		04/10/2013	^		2,000,000		2,002,532
1.055%		01/10/2014	#^		2,100,000		2,111,424
Principal Life Global Funding II
1.000%		12/11/2015	^		660,000		662,256
Prudential Covered Trust, Series 2012-1
2.997%		09/30/2015	^		2,161,250		2,254,733
Prudential Financial, Inc. MTN
6.100%		06/15/2017			2,500,000		2,951,793
3.875%		01/14/2015			1,951,000		2,053,595
Prudential Financial, Inc., Series B MTN
4.750%		04/01/2014			820,000		853,121
Prudential Financial, Inc., Series C MTN
4.750%		06/13/2015			2,290,000		2,472,208

							21,466,968

Internet & Catalog Retail—0.2%
Amazon.com, Inc.
0.650%		11/27/2015	†		1,150,000		1,149,365

Internet Software & Services—0.1%
Baidu, Inc. (Cayman Islands)
2.250%		11/28/2017			500,000		507,328

IT Services—0.0%
Computer Sciences Corp.
2.500%		09/15/2015			270,000		277,450

Machinery—0.1%
Eaton Corp.
0.950%		11/02/2015	^		560,000		562,985
Tyco Electronics Group SA (Luxembourg)
1.600%		02/03/2015			270,000		273,324

							836,309

Media—2.4%
CC Holdings GS V LLC
2.381%		12/15/2017	^		370,000		372,805
DirecTV Holdings LLC/DirecTV Financing Co., Inc.
4.750%		10/01/2014			560,000		592,614
3.125%		02/15/2016			500,000		525,172
DISH DBS Corp.
4.625%		07/15/2017			1,000,000		1,042,500


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
NBCUniversal Enterprise, Inc.
0.965%		04/15/2018	#^	$	600,000	$	598,826
NBCUniversal Media LLC
3.650%		04/30/2015			850,000		900,818
Time Warner Cable, Inc.
8.250%		02/14/2014			2,200,000		2,340,767
6.200%		07/01/2013			5,500,000		5,573,656
Time Warner, Inc.
3.150%		07/15/2015			440,000		463,643
Viacom, Inc.
4.375%		09/15/2014			700,000		736,305

							13,147,106

Metals & Mining—3.0%
Anglo American Capital plc (United Kingdom)
2.625%		09/27/2017	^		2,150,000		2,186,038
ArcelorMittal (Luxembourg)
4.250%		08/05/2015	†		1,000,000		1,039,929
Barrick Gold Corp. (Canada)
1.750%		05/30/2014			510,000		515,745
Barrick Gold Financeco LLC MTN
6.125%		09/15/2013			795,000		814,175
BHP Billiton Finance USA Ltd. (Australia)
0.560%		02/18/2014	#		2,704,000		2,711,362
FMG Resources August 2006 Pty Ltd. (Australia)
6.000%		04/01/2017	^†		720,000		743,400
Freeport-McMoRan Copper & Gold, Inc.
2.150%		03/01/2017			270,000		273,449
1.400%		02/13/2015			300,000		302,312
Rio Tinto Finance USA Ltd. (Australia)
8.950%		05/01/2014			2,875,000		3,128,511
Rio Tinto Finance USA plc (United Kingdom)
1.125%		03/20/2015			700,000		704,547
Xstrata Finance Canada Ltd. (Canada)
2.850%		11/10/2014	^		1,765,000		1,809,640
2.450%		10/25/2017	^		2,220,000		2,252,643

							16,481,751

Multi-Utilities—0.6%
DTE Energy Co.
0.987%		06/03/2013	#		950,000		950,944
Sempra Energy
1.040%		03/15/2014	#		2,661,000		2,675,362

							3,626,306

Oil, Gas & Consumable Fuels—2.2%
BP Capital Markets plc (United Kingdom)
3.875%		03/10/2015			700,000		742,510
0.700%		11/06/2015			1,070,000		1,068,875
Chesapeake Energy Corp.
7.625%		07/15/2013	†		460,000		469,200
ConocoPhillips
4.600%		01/15/2015			455,000		487,645
CONSOL Energy, Inc.
8.000%		04/01/2017			200,000		216,500
Enterprise Products Operating LLC
1.250%		08/13/2015			280,000		282,211
Marathon Oil Corp.
0.900%		11/01/2015			630,000		628,863
Murphy Oil Corp.
2.500%		12/01/2017			430,000		432,257
Petrohawk Energy Corp.
7.875%		06/01/2015			1,000,000		1,034,972


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Phillips 66
2.950%		05/01/2017		$	270,000	$	286,419
1.950%		03/05/2015			270,000		276,062
Rockies Express Pipeline LLC
3.900%		04/15/2015	^		680,000		688,500
Sibur Securities Ltd. (Ireland)
3.914%		01/31/2018	^		660,000		651,750
Statoil ASA (Norway)
1.200%		01/17/2018			2,100,000		2,109,751
Tesoro Corp.
4.250%		10/01/2017	†		700,000		735,000
TransCanada PipeLines Ltd. (Canada)
3.400%		06/01/2015			550,000		581,902
WPX Energy, Inc.
5.250%		01/15/2017			990,000		1,041,975

							11,734,392

Paper & Forest Products—0.1%
Masco Corp.
4.800%		06/15/2015			465,000		489,910

Pharmaceuticals—1.6%
AbbVie, Inc.
1.750%		11/06/2017	^		1,450,000		1,469,249
1.200%		11/06/2015	^		1,460,000		1,472,280
1.055%		11/06/2015	#^		4,100,000		4,161,934
Novartis Capital Corp.
4.125%		02/10/2014			1,170,000		1,206,174
Valeant Pharmaceuticals International
6.500%		07/15/2016	^		720,000		755,100

							9,064,737

Real Estate Investment Trusts (REITs)—1.1%
Digital Realty Trust LP
4.500%		07/15/2015			550,000		584,703
Duke Realty LP
5.400%		08/15/2014			560,000		590,765
HCP, Inc.
2.700%		02/01/2014			1,410,000		1,432,392
Health Care REIT, Inc.
6.000%		11/15/2013			810,000		835,779
Simon Property Group LP
4.200%		02/01/2015			210,000		221,612
Ventas Realty LP/Ventas Capital Corp.
2.000%		02/15/2018			1,460,000		1,469,943
Vornado Realty LP
4.250%		04/01/2015			1,080,000		1,142,064

							6,277,258

Road & Rail—0.8%
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.
4.875%		11/15/2017	^†		760,000		783,750
JB Hunt Transport Services, Inc.
3.375%		09/15/2015			850,000		883,582
Penske Truck Leasing Co. Lp/PTL Finance Corp.
3.125%		05/11/2015	^		800,000		828,172
2.500%		03/15/2016	^		620,000		635,489
Ryder System, Inc. MTN
2.500%		03/01/2017			540,000		556,755

							3,687,748


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Semiconductors & Semiconductor Equipment—0.1%
Intel Corp.
1.350%		12/15/2017		$	200,000	$	200,909
TSMC Global Ltd. (Virgin Islands, British)
1.625%		04/03/2018	^		410,000		409,401

							610,310

Software—0.1%
Autodesk, Inc.
1.950%		12/15/2017			430,000		426,360

Thrifts & Mortgage Finance—0.1%
Astoria Financial Corp.
5.000%		06/19/2017			690,000		739,585

Tobacco—1.5%
Altria Group, Inc.
8.500%		11/10/2013			5,319,000		5,573,605
BAT International Finance plc (United Kingdom)
1.400%		06/05/2015	^		2,469,000		2,499,707
Reynolds American, Inc.
1.050%		10/30/2015			290,000		290,286

							8,363,598

Trading Companies & Distributors—0.2%
AmeriGas Partners LP/AmeriGas Finance Corp.
6.250%		08/20/2019			695,000		743,650
Aviation Capital Group Corp.
4.625%		01/31/2018	^		430,000		444,100

							1,187,750

Transportation Infrastructure—0.6%
Heathrow Funding Ltd. (Jersey, Channel Islands)
2.500%		06/25/2015	^		3,500,000		3,605,868

Wireless Telecommunication Services—0.6%
America Movil SAB de CV (Mexico)
3.625%		03/30/2015			300,000		315,993
Vodafone Group plc (United Kingdom)
4.150%		06/10/2014			1,780,000		1,853,456
0.675%		02/19/2016	#		1,210,000		1,209,673

							3,379,122

TOTAL CORPORATE OBLIGATIONS (Cost $373,579,435)							381,131,607

MORTGAGE-BACKED SECURITIES—6.2%
Non-Agency Mortgage-Backed Securities— 3.1%
Banc of America Mortgage Trust, Series 2004-L, Class 1A1
3.111%		01/25/2035	#		538,311		537,397
Fosse Master Issuer plc, Series 2012-1A, Class 2A2 (United Kingdom)
1.703%		10/18/2054	#^		2,250,000		2,299,112
GSAMP Trust, Series 2004-SEA2, Class M1
0.854%		03/25/2034	#		1,500,000		1,484,001
HarborView Mortgage Loan Trust, Series 2005-14, Class 3A1A
2.974%		12/19/2035	#		2,119,375		1,824,816
JP Morgan Mortgage Trust, Series 2013-1, Class 2A2
2.500%		03/01/2043	#^		1,100,000		1,118,458
MLCC Mortgage Investors Trust, Series 2004-1, Class 2A2
2.359%		12/25/2034	#		1,253,995		1,278,907


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date				Face		Value
MORTGAGE-BACKED SECURITIES—(Continued)
Provident Funding Mortgage Loan Trust, Series 2004-1, Class 1A1
2.590%		04/25/2034		#	$	183,742	$	185,498
Sequoia Mortgage Trust, Series 2012-1, Class 1A1
2.865%		01/25/2042		#		1,696,840		1,741,948
Sequoia Mortgage Trust, Series 2012-2, Class A2
3.500%		04/25/2042		#		1,586,834		1,632,634
Sequoia Mortgage Trust, Series 2013-1, Class 1A1
1.450%		02/25/2043		#		1,397,384		1,398,584
Sequoia Mortgage Trust, Series 2013-4, Class A3
1.550%		04/25/2043		#		1,090,000		1,091,270
Springleaf Mortgage Loan Trust, Series 2012-3A, Class A
1.570%		12/25/2059		#^		993,046		996,933
Structured Asset Mortgage Investments II Trust, Series 2004-AR5, Class 2A1
2.085%		10/19/2034		#		505,367		291,268
Thornburg Mortgage Securities Trust, Series 2004-1, Class II2A
1.822%		03/25/2044		#		480,766		481,625
Wells Fargo Mortgage Backed Securities Trust, Series 2004-S, Class B1
2.626%		09/25/2034		#		1,160,343		935,570

								17,298,021

U.S. Government Agency Mortgage-Backed Securities—3.1%
Federal Deposit Insurance Corporation Structured Sale Guaranteed Notes, Series 2010-S1, Class 2A
3.250%		04/25/2038		^		1,173,648		1,239,300
Federal National Mortgage Association
3.140%		07/01/2041		#		3,207,355		3,384,406
3.071%		06/01/2041		#		2,024,333		2,135,325
3.000%		10/01/2042				4,029,311		4,160,505
2.601%		10/01/2034		#		1,179,706		1,251,201
2.549%		09/01/2034		#		112,995		119,385
2.540%		09/01/2034		#		152,034		160,757
2.500%		11/01/2027		d		0		—
2.419%		10/01/2034		#		203,632		216,426
National Credit Union Administration Guaranteed Notes, Series 2010-R1, Class 2A
1.840%		10/07/2020				275,182		278,374
National Credit Union Administration Guaranteed Notes, Series 2010-R2, Class 1A
0.573%		11/06/2017		#		1,303,482		1,308,774
National Credit Union Administration Guaranteed Notes, Series 2010-R3, Class 1A
0.763%		12/08/2020		#		3,252,013		3,271,330

								17,525,783

TOTAL MORTGAGE-BACKED SECURITIES (Cost $35,215,963)								34,823,804

U.S. TREASURY OBLIGATIONS—11.2%
U.S. Treasury Notes—11.2%
U.S. Treasury Note
1.250%		10/31/2015				13,020,000		13,332,285
0.875%		11/30/2016				22,450,000		22,762,189
0.375%		01/15/2016 03/15/2016	-			18,480,000		18,498,538
0.375%		06/30/2013		‡‡		280,000		280,241


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date				Face		Value
U.S. TREASURY OBLIGATIONS—(Continued)
0.250%		04/30/2014 12/15/2015	-		$	7,420,000	$	7,422,621

								62,295,874

TOTAL U.S. TREASURY OBLIGATIONS (Cost $62,089,305)								62,295,874

GOVERNMENT RELATED OBLIGATIONS—3.7%
U.S. Government Agencies—0.9%
Federal National Mortgage Association
0.500%		03/30/2016				3,210,000		3,216,089
National Credit Union Administration Guaranteed Notes, Series A2
1.400%		06/12/2015				1,770,000		1,809,737

								5,025,826

Non-U.S. Government Agencies—0.2%
IPIC Ltd. MTN (Cayman Islands)
3.125%		11/15/2015		^		500,000		524,250
Petrobras International Finance Co. (Cayman Islands)
2.875%		02/06/2015				410,000		419,538

								943,788

Sovereign Debt—0.4%
Panama Government International Bond (Panama)
7.250%		03/15/2015				393,000		439,178
Qatar Government International Bond (Qatar)
3.125%		01/20/2017		^		780,000		828,750
South Africa Government International Bond (South Africa)
6.500%		06/02/2014				880,000		938,080

								2,206,008

Supranational—1.0%
European Investment Bank
1.125%		04/15/2015				5,555,000		5,635,225

U.S. Municipal Bonds—1.2%
California General Obligation Bonds (California)
5.450%		04/01/2015				3,635,000		3,984,759
5.250%		04/01/2014				1,655,000		1,733,728
1.050%		02/01/2016				755,000		758,783
University of California Revenue Bonds (California)
1.988%		05/15/2050		#		460,000		460,580

								6,937,850

TOTAL GOVERNMENT RELATED OBLIGATIONS (Cost $20,084,113)								20,748,697

ASSET-BACKED SECURITIES—7.8%
Automobiles—3.0%
Ally Master Owner Trust Series 2013-1, Class A1
0.653%		02/15/2018		#		1,300,000		1,302,409
Capital Auto Receivables Asset Trust Series 2013-1, Class C
1.740%		10/22/2018				330,000		330,941


Vantagepoint Low Duration Bond Fund
Coupon Rate	Maturity Date			Face		Value
ASSET-BACKED SECURITIES—(Continued)
Capital Auto Receivables Asset Trust Series 2013-1, Class B
1.290%		04/20/2018		$	330,000	$	330,042
Enterprise Fleet Financing LLC Series 2012-1, Class A2
1.140%		11/20/2017	^		2,757,979		2,769,958
Ford Credit Auto Owner Trust Series 2013-A, Class A3
0.550%		07/15/2017			3,500,000		3,502,332
Ford Credit Auto Owner Trust Series 2009-D, Class A4
2.980%		08/15/2014			612,838		616,361
Honda Auto Receivables Owner Trust Series 2011-1, Class A3
1.130%		10/15/2014			845,439		847,424
Hyundai Capital Auto Funding VIII Ltd. (Cayman Islands) Series 2010-8A, Class A
1.203%		09/20/2016	#^		1,674,772		1,678,289
Nissan Auto Receivables Owner Trust Series 2011-A, Class A4
1.940%		09/15/2017			1,491,000		1,523,434
Nissan Master Owner Trust Receivables Series 2013-A, Class A
0.503%		02/15/2018	#		3,150,000		3,152,060
World Omni Master Owner Trust Series 2013-1, Class A
0.602%		02/15/2018	#^		950,000		950,639

							17,003,889

Credit Card—4.1%
American Express Credit Account Master Trust Series 2008-5, Class A
1.003%		03/15/2016	#		4,550,000		4,563,973
Citibank Credit Card Issuance Trust Series 2006-A3, Class A3
5.300%		03/15/2018			960,000		1,090,190
Citibank Credit Card Issuance Trust Series 2008-A2, Class A2
1.354%		01/23/2020	#		3,300,000		3,436,128
Discover Card Master Trust Series 2012-A1, Class A1
0.810%		08/15/2017			1,450,000		1,459,245
GE Capital Credit Card Master Note Trust Series 2012-1, Class A
1.030%		01/15/2018			2,000,000		2,018,996
GE Capital Credit Card Master Note Trust Series 2010-3, Class A
2.210%		06/15/2016			6,300,000		6,324,880
Gracechurch Card Funding plc (United Kingdom) Series 2012-1A, Class A1
0.903%		02/15/2017	#^		2,700,000		2,722,981
Penarth Master Issuer plc (United Kingdom) Series 2012-1A, Class A1
0.773%		03/18/2014	#^		780,000		782,030

							22,398,423

Other—0.7%
CenterPoint Energy Transition Bond Co. IV LLC Series 2012-1, Class A1
0.901%		04/15/2018			2,305,238		2,320,732
Great America Leasing Receivables Series 2013-1, Class C
1.830%		06/17/2019	^		250,000		250,849


Vantagepoint Low Duration Bond 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		^	$	1,560,000	$	1,565,403

								4,136,984

TOTAL ASSET-BACKED SECURITIES (Cost $43,420,225)								43,539,296

					Shares		Value
MONEY MARKET FUNDS—4.8%
Institutional Money Market Funds—4.8%
Dreyfus Institutional Cash Advantage Fund, 0.07%				††¥		2,600,000		2,600,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%				¥		8,632,387		8,632,387
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%				††¥		3,393,166		3,393,166
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.10%				††¥		3,600,000		3,600,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.11%				††¥		2,600,000		2,600,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.13%				††¥		3,600,000		3,600,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.12%				††¥		2,600,000		2,600,000

TOTAL MONEY MARKET FUNDS (Cost $27,025,553)								27,025,553

FLOATING RATE LOANS—0.2%**
			Maturity Date		Face		Value
Cricket Communications, Inc. Term Loan A				p
		02/01/2020			$	1,050,000		1,057,744
H.J. Heinz Co. 1st Lien Term Loan B2				p
		02/01/2020				260,000		262,545

TOTAL FLOATING RATE LOANS (Cost $1,314,600)								1,320,289

TOTAL INVESTMENTS—102.3% (Cost $562,729,194)								570,885,120
Other assets less liabilities—(2.3%)								(12,958,917	)

NET ASSETS—100.0%							$	557,926,203


Vantagepoint Inflation Protected Securities Fund
Coupon Rate	Maturity Date				Face		Value
CORPORATE OBLIGATIONS—2.1%
Capital Markets—0.7%
Bear Stearns Cos. LLC (The), Series CPI MTN
3.540%		03/10/2014		#	$	380,000	$	386,392
Morgan Stanley MTN
2.792%		05/14/2013		#		4,000,000		4,009,818

								4,396,210

Consumer Finance—1.3%
HSBC Finance Corp.
0.554%		01/15/2014		#		4,900,000		4,895,408
SLM Corp. MTN
6.250%		01/25/2016				2,400,000		2,633,947
5.050%		11/14/2014				500,000		529,653

								8,059,008

Diversified Financial Services—0.1%
Citigroup, Inc.
2.293%		08/13/2013		#		700,000		704,669

TOTAL CORPORATE OBLIGATIONS (Cost $12,812,680)								13,159,887

U.S. TREASURY OBLIGATIONS—94.2%
U. S. Treasury Bills—1.3%
U. S. Treasury Bill
0.106%		09/19/2013				700,000		699,668
0.092%		03/06/2014				4,600,000		4,594,590
0.078%		04/18/2013				3,200,000		3,199,876

								8,494,134

U.S. Treasury Bonds—0.6%
U.S. Treasury Bond
3.125%		02/15/2042 02/15/2043	-			1,255,000		1,257,955
2.750%		08/15/2042 11/15/2042	-			2,500,000		2,318,834

								3,576,789

U.S. Treasury Inflation Protected Securities Bonds—35.1%
U.S. Treasury Bond
3.875%		04/15/2029				8,550,000		19,498,719
3.625%		04/15/2028				9,375,000		20,876,869
3.375%		04/15/2032				869,100		1,817,081
2.500%		01/15/2029				13,590,000		20,397,607
2.375%		01/15/2025 01/15/2027	-			46,412,400		75,428,942
2.125%		02/15/2040		‡‡		4,739,800		7,129,402
2.125%		02/15/2041				5,985,300		8,925,455
2.000%		01/15/2026				18,385,000		27,806,740
1.750%		01/15/2028				16,020,000		22,421,643
0.750%		02/15/2042				9,754,500		10,406,215
0.625%		02/15/2043				8,635,000		8,696,116

								223,404,789

U.S. Treasury Inflation Protected Securities Notes—54.0%
U.S. Treasury Note
2.625%		07/15/2017				19,000,000		25,415,310
2.500%		07/15/2016				7,124,800		9,403,757
2.375%		01/15/2017				10,000		13,327
2.125%		01/15/2019				1,992,600		2,608,723
2.000%		01/15/2014 01/15/2016	-			24,863,500		32,119,369


Vantagepoint Inflation Protected Securities Fund
Coupon Rate	Maturity Date				Face		Value
U.S. TREASURY OBLIGATIONS—(Continued)
1.875%		07/15/2013 07/15/2019	-		$	15,931,900	$	20,690,487
1.625%		01/15/2015 01/15/2018	-			6,975,000		8,975,923
1.375%		01/15/2020				4,584,800		5,820,298
1.250%		04/15/2014 07/15/2020	-			27,915,000		33,864,435
1.125%		01/15/2021				20,795,000		25,827,843
0.625%		07/15/2021				20,299,500		23,741,293
0.500%		04/15/2015				16,626,700		18,567,655
0.125%		04/15/2016 01/15/2023	-			123,013,300		135,318,947

								342,367,367

U.S. Treasury Notes—3.2%
U.S. Treasury Note
2.000%		02/15/2023				11,525,000		11,672,670
0.875%		04/30/2017				3,360,000		3,400,690
0.750%		12/31/2017				5,750,000		5,758,539

								20,831,899

TOTAL U.S. TREASURY OBLIGATIONS (Cost $552,630,086)								598,674,978

GOVERNMENT RELATED OBLIGATIONS—0.6%
U.S. Government Agencies—0.2%
New Valley Generation I, Series 2000-1
7.299%		03/15/2019				661,818		780,945

Non-U.S. Government Agencies—0.4%
Export-Import Bank of Korea (Korea, Republic of)
4.000%		01/29/2021				1,200,000		1,297,836
Petrobras International Finance Co. (Cayman Islands)
3.875%		01/27/2016				1,200,000		1,261,783

								2,559,619

Supranational—0.0%
International Bank for Reconstruction & Development, Series CPI
2.437%		12/10/2013		#		275,000		275,289

TOTAL GOVERNMENT RELATED OBLIGATIONS (Cost $3,450,650)								3,615,853

ASSET-BACKED SECURITIES—0.5%
Home Equity—0.3%
Argent Securities, Inc. Series 2005-W2, Class A2B1
0.404%		10/25/2035		#		155,281		153,378
First Franklin Mortgage Loan Asset Backed Certificates Series 2005-FF11, Class A2D
0.544%		11/25/2035		#		1,202,072		1,167,523
Saxon Asset Securities Trust Series 2003-1, Class AF7
4.034%		06/25/2033				110,377		112,203

								1,433,104


Vantagepoint Inflation Protected Securities Fund
Coupon Rate	Maturity Date			Face		Value
ASSET-BACKED SECURITIES—(Continued)
Manufactured Housing—0.1%
Conseco Finance Securitizations Corp. Series 2002-1, Class A
6.681%		12/01/2033	#	$	563,528	$	584,285

Other—0.0%
Park Place Securities, Inc. Series 2004-WWF1, Class M2
0.884%		12/25/2034	#		199,791		199,597

Student Loan—0.1%
North Carolina State Education Assistance Authority Series 2011-2, Class A1
0.751%		10/26/2020	#		304,959		305,286
South Carolina Student Loan Corp. Series 2010-1, Class A1
0.751%		01/25/2021	#		746,572		747,632

							1,052,918

TOTAL ASSET-BACKED SECURITIES (Cost $3,092,616)							3,269,904

CERTIFICATES OF DEPOSIT—0.7%
Commercial Banks—0.7%
Abbey National Treasury Services plc (United Kingdom)
1.631%		06/10/2013			3,800,000		3,809,337
Dexia Credit Local S.A., Series YCD (France)
1.650%		09/12/2013			700,000		702,744

TOTAL CERTIFICATES OF DEPOSIT (Cost $4,500,000)							4,512,081

				Shares		Value
MONEY MARKET FUNDS—1.5%
Institutional Money Market Fund—1.5%
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14% (Cost $9,537,563)			¥		9,537,563		9,537,563

TOTAL INVESTMENTS—99.6% (Cost $586,023,595)							632,770,266
Other assets less liabilities—0.4%							2,487,015

NET ASSETS—100.0%						$	635,257,281

Legend to the Schedule of Investments:

MTN	Medium Term Note

#	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 Equity Income Fund
		Shares		Value
COMMON STOCKS—93.3%
Aerospace & Defense—2.3%
Boeing Co. (The)			72,200	$	6,198,370
Honeywell International, Inc.			380,200		28,648,070
Lockheed Martin Corp.			31,700		3,059,684
Raytheon Co.			187,900		11,046,641

					48,952,765

Air Freight & Logistics—2.4%
FedEx Corp.			446,200		43,816,840
United Parcel Service, Inc., Class B			84,500		7,258,550

					51,075,390

Airlines—0.3%
United Continental Holdings, Inc.	*		207,700		6,648,477

Auto Components—0.2%
Johnson Controls, Inc.			117,700		4,127,739

Automobiles—0.2%
Ford Motor Co.			277,500		3,649,125

Beverages—0.3%
PepsiCo, Inc.			80,800		6,392,088

Building Products—0.3%
Masco Corp.			194,700		3,942,675
USG Corp.	*†		85,900		2,271,196

					6,213,871

Capital Markets—3.5%
Bank of New York Mellon Corp. (The)			1,566,400		43,843,536
Legg Mason, Inc.			172,200		5,536,230
Northern Trust Corp.			121,300		6,618,128
Och-Ziff Capital Management Group LLC, Class A			38,300		358,105
State Street Corp.			333,500		19,706,515

					76,062,514

Chemicals—0.2%
E.I. Du Pont de Nemours & Co.			72,946		3,586,025

Commercial Banks—3.7%
PNC Financial Services Group, Inc.			386,900		25,728,850
Regions Financial Corp.			303,800		2,488,122
SunTrust Banks, Inc.			201,400		5,802,334
U.S. Bancorp			330,100		11,200,293
Wells Fargo & Co.			930,300		34,411,797

					79,631,396

Communications Equipment—0.6%
Cisco Systems, Inc.			278,000		5,812,980
Harris Corp.			124,300		5,760,062
Nokia Oyj ADR (Finland)	†		406,500		1,333,320

					12,906,362

Computers & Peripherals—2.9%
Apple, Inc.			8,900		3,939,407
Dell, Inc.			3,862,800		55,353,924
Hewlett-Packard Co.			146,200		3,485,408

					62,778,739

Construction Materials—2.1%
Cemex SAB de CV ADR (Mexico)	*		2,326,900		28,411,449


Vantagepoint Equity Income Fund
		Shares		Value
COMMON STOCKS—(Continued)
Vulcan Materials Co.			344,100	$	17,789,970

					46,201,419

Consumer Finance—3.4%
American Express Co.			482,000		32,515,720
Capital One Financial Corp.			405,300		22,271,235
SLM Corp.			902,100		18,475,008

					73,261,963

Containers & Packaging—0.2%
MeadWestvaco Corp.			111,600		4,051,080

Distributors—0.2%
Genuine Parts Co.			54,452		4,247,256

Diversified Financial Services—3.8%
Bank of America Corp.			1,730,406		21,076,345
Citigroup, Inc.			388,199		17,173,924
JPMorgan Chase & Co.			787,800		37,388,988
McGraw-Hill Cos., Inc. (The)			112,700		5,869,416

					81,508,673

Diversified Telecommunication Services—5.0%
AT&T, Inc.			745,142		27,339,260
CenturyLink, Inc.			103,490		3,635,604
Level 3 Communications, Inc.	*†		1,097,599		22,270,284
Telefonica SA (Spain)			145,874		1,976,382
tw telecom inc.	*		1,062,800		26,771,932
Verizon Communications, Inc.			547,941		26,931,300

					108,924,762

Electric Utilities—1.4%
Duke Energy Corp.			131,623		9,554,514
Entergy Corp.			106,700		6,747,708
Exelon Corp.			180,600		6,227,088
FirstEnergy Corp.			66,300		2,797,860
Xcel Energy, Inc.			158,100		4,695,570

					30,022,740

Electrical Equipment—1.1%
Eaton Corp. plc (Ireland)			60,975		3,734,719
Emerson Electric Co.			350,400		19,576,848

					23,311,567

Electronic Equipment, Instruments & Components—0.2%
Corning, Inc.			387,200		5,161,376

Energy Equipment & Services—0.5%
Diamond Offshore Drilling, Inc.	†		74,100		5,154,396
Schlumberger Ltd.			89,000		6,665,210

					11,819,606

Food & Staples Retailing—1.4%
Sysco Corp.			214,400		7,540,448
Walgreen Co.			470,900		22,452,512

					29,992,960

Food Products—2.7%
Archer-Daniels-Midland Co.			201,700		6,803,341
Campbell Soup Co.			161,700		7,334,712
McCormick & Co., Inc.			47,300		3,478,915
Mondelez International, Inc., Class A			1,326,600		40,607,226

					58,224,194

Health Care Equipment & Supplies—2.7%
Abbott Laboratories			644,262		22,755,334
Baxter International, Inc.			214,900		15,610,336


Vantagepoint Equity Income Fund
		Shares		Value
COMMON STOCKS—(Continued)
Medtronic, Inc.			417,900	$	19,624,584

					57,990,254

Health Care Providers & Services—1.8%
Quest Diagnostics, Inc.			58,700		3,313,615
UnitedHealth Group, Inc.			342,000		19,565,820
WellPoint, Inc.			254,600		16,862,158

					39,741,593

Hotels, Restaurants & Leisure—0.7%
Carnival Corp.			416,500		14,285,950

Household Durables—0.1%
Whirlpool Corp.			12,400		1,468,904

Household Products—0.5%
Clorox Co. (The)			87,300		7,728,669
Energizer Holdings, Inc.			34,600		3,450,658

					11,179,327

Independent Power Producers & Energy Traders—0.1%
AES Corp. (The)			186,900		2,349,333

Industrial Conglomerates—3.5%
3M Co.			88,100		9,365,911
General Electric Co.			1,378,900		31,880,168
Koninklijke Philips Electronics NV NYRS (Netherlands)			1,165,400		34,437,570

					75,683,649

Insurance—8.6%
Allstate Corp. (The)			376,300		18,465,041
Aon plc (United Kingdom)			594,141		36,539,671
Chubb Corp. (The)			39,500		3,457,435
Fairfax Financial Holdings Ltd. (Canada)			91,500		35,789,310
Lincoln National Corp.			124,990		4,075,924
Loews Corp.			864,000		38,076,480
Marsh & McLennan Cos., Inc.			205,500		7,802,835
Sun Life Financial, Inc. (Canada)			91,500		2,497,035
Travelers Cos., Inc. (The)			438,700		36,934,153
Willis Group Holdings plc (United Kingdom)			82,800		3,269,772

					186,907,656

IT Services—1.3%
Computer Sciences Corp.			104,500		5,144,535
International Business Machines Corp.			98,600		21,031,380
Western Union Co. (The)			143,100		2,152,224

					28,328,139

Leisure Equipment & Products—0.5%
Hasbro, Inc.	†		60,700		2,667,158
Mattel, Inc.			178,100		7,798,999

					10,466,157

Life Sciences Tools & Services—0.6%
Agilent Technologies, Inc.			62,200		2,610,534
Thermo Fisher Scientific, Inc.			124,100		9,492,409

					12,102,943

Machinery—2.4%
Illinois Tool Works, Inc.			464,700		28,318,818
Ingersoll-Rand plc (Ireland)			13,500		742,635
Joy Global, Inc.			20,200		1,202,304
Stanley Black & Decker, Inc.			251,200		20,339,664


Vantagepoint Equity Income Fund
		Shares		Value
COMMON STOCKS—(Continued)
Xylem, Inc.			56,900	$	1,568,164

					52,171,585

Media—3.2%
Cablevision Systems Corp., Class A			186,200		2,785,552
Comcast Corp., Class A			87,800		3,688,478
DIRECTV	*		727,400		41,178,114
Madison Square Garden Co. (The), Class A	*		56,800		3,271,680
New York Times Co. (The), Class A	*†		183,800		1,801,240
Time Warner, Inc.			153,733		8,858,096
Walt Disney Co. (The)			105,300		5,981,040
WPP plc (United Kingdom)			121,438		1,940,706

					69,504,906

Metals & Mining—0.5%
Cliffs Natural Resources, Inc.	†		62,600		1,190,026
Newmont Mining Corp.			75,000		3,141,750
Nucor Corp.			135,000		6,230,250

					10,562,026

Multiline Retail—1.6%
Kohl’s Corp.			404,200		18,645,746
Macy’s, Inc.			100,400		4,200,736
Saks, Inc.	*†		367,450		4,214,651
Target Corp.			111,000		7,597,950

					34,659,083

Multi-Utilities—0.7%
Dominion Resources, Inc.			99,900		5,812,182
NiSource, Inc.			263,200		7,722,288
TECO Energy, Inc.			57,800		1,029,996

					14,564,466

Oil, Gas & Consumable Fuels—13.4%
Anadarko Petroleum Corp.			85,800		7,503,210
Apache Corp.			134,700		10,393,452
BP plc ADR (United Kingdom)			508,098		21,517,950
Chesapeake Energy Corp.	†		2,153,400		43,950,894
Chevron Corp.			211,258		25,101,675
ConocoPhillips			325,400		19,556,540
CONSOL Energy, Inc.			1,145,900		38,559,535
Exxon Mobil Corp.			163,460		14,729,381
Hess Corp.			107,800		7,719,558
Marathon Oil Corp.			603,900		20,363,508
Murphy Oil Corp.			695,000		44,292,350
Occidental Petroleum Corp.			205,900		16,136,383
Phillips 66			139,300		9,746,821
Royal Dutch Shell plc, Class A ADR (Netherlands)			156,881		10,222,366

					289,793,623

Paper & Forest Products—0.5%
International Paper Co.			227,500		10,596,950

Personal Products—0.3%
Avon Products, Inc.			273,200		5,663,436

Pharmaceuticals—4.7%
Bristol-Myers Squibb Co.			158,100		6,512,139
Hospira, Inc.	*		30,100		988,183
Johnson & Johnson			389,600		31,764,088
Merck & Co., Inc.			350,100		15,484,923
Pfizer, Inc.			1,112,387		32,103,489


Vantagepoint Equity Income Fund
		Shares		Value
COMMON STOCKS—(Continued)
Teva Pharmaceutical Industries Ltd. ADR (Israel)			359,400	$	14,260,992

					101,113,814

Real Estate Investment Trusts (REITs)—0.2%
Weyerhaeuser Co. REIT			176,137		5,527,179

Road & Rail—0.4%
Norfolk Southern Corp.			107,800		8,309,224

Semiconductors & Semiconductor Equipment—1.9%
Analog Devices, Inc.			111,500		5,183,635
Applied Materials, Inc.			343,300		4,627,684
Intel Corp.			499,600		10,916,260
Texas Instruments, Inc.			587,100		20,830,308

					41,557,887

Software—1.3%
CA, Inc.			69,200		1,741,764
Microsoft Corp.			961,900		27,519,959

					29,261,723

Specialty Retail—0.6%
Lowe’s Cos., Inc.			202,700		7,686,384
Staples, Inc.			352,600		4,735,418
Tiffany & Co.			6,900		479,826

					12,901,628

Tobacco—1.6%
Altria Group, Inc.			243,300		8,367,087
Imperial Tobacco Group plc ADR (United Kingdom)			106,900		7,483,000
Philip Morris International, Inc.			197,300		18,291,683

					34,141,770

Wireless Telecommunication Services—0.7%
Vodafone Group plc (United Kingdom)			880,800		2,499,430
Vodafone Group plc ADR (United Kingdom)			422,700		12,008,907

					14,508,337

TOTAL COMMON STOCKS (Cost $1,615,382,233)					2,014,093,629

CONVERTIBLE PREFERRED STOCKS—0.2%
Automobiles—0.2%
General Motors Co., Series B 4.750% (Cost $4,555,013)	*		91,200		3,916,128

MONEY MARKET FUNDS—8.6%
Institutional Money Market Funds—8.6%
Dreyfus Institutional Cash Advantage Fund, 0.07%	††¥		8,000,000		8,000,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%	¥		140,635,814		140,635,814
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%	††¥		7,044,313		7,044,313


Vantagepoint Equity Income Fund
				Shares		Value
MONEY MARKET FUNDS—(Continued)
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.10%	†	†	¥		6,000,000	$	6,000,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.11%	†	†	¥		8,200,000		8,200,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.13%	†	†	¥		8,000,000		8,000,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.12%	†	†	¥		8,000,000		8,000,000

TOTAL MONEY MARKET FUNDS (Cost $185,880,127)							185,880,127

TOTAL INVESTMENTS—102.1% (Cost $1,805,817,373)							2,203,889,884
Other assets less liabilities—(2.1%)							(45,304,859	)

NET ASSETS—100.0%						$	2,158,585,025

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 Growth & Income Fund
		Shares		Value
COMMON STOCKS—96.9%
Aerospace & Defense—2.3%
Boeing Co. (The)			35,300	$	3,030,505
Honeywell International, Inc.			38,200		2,878,370
Precision Castparts Corp.			30,700		5,821,334
Spirit Aerosystems Holdings, Inc., Class A	*		471,000		8,944,290
United Technologies Corp.			117,000		10,931,310

					31,605,809

Air Freight & Logistics—1.1%
Expeditors International of Washington, Inc.			340,550		12,161,041
FedEx Corp.			36,700		3,603,940

					15,764,981

Airlines—0.1%
United Continental Holdings, Inc.	*		56,500		1,808,565

Auto Components—0.5%
Goodyear Tire & Rubber Co. (The)	*		489,100		6,167,551

Automobiles—0.5%
General Motors Co.	*		182,300		5,071,586
Harley-Davidson, Inc.			40,500		2,158,650

					7,230,236

Beverages—0.1%
Anheuser-Busch InBev NV ADR (Belgium)			2,800		278,740
Coca-Cola Co. (The)			4,800		194,112
Monster Beverage Corp.	*		10,000		477,400

					950,252

Biotechnology—2.7%
Alexion Pharmaceuticals, Inc.	*		28,600		2,635,204
Amgen, Inc.			83,900		8,600,589
Biogen Idec, Inc.	*		31,700		6,115,247
Celgene Corp.	*		46,700		5,412,997
Gilead Sciences, Inc.	*		159,400		7,799,442
Onyx Pharmaceuticals, Inc.	*		400		35,544
Regeneron Pharmaceuticals, Inc.	*		9,400		1,658,160
Vertex Pharmaceuticals, Inc.	*		93,300		5,129,634

					37,386,817

Capital Markets—5.5%
Ameriprise Financial, Inc.			10,000		736,500
Bank of New York Mellon Corp. (The)			945,700		26,470,143
BlackRock, Inc.			35,900		9,221,992
Credit Suisse Group AG ADR (Switzerland)			291,200		7,629,440
Franklin Resources, Inc.			41,400		6,243,534
Goldman Sachs Group, Inc. (The)			53,200		7,828,380
Invesco Ltd.			413,800		11,983,648
Morgan Stanley			48,300		1,061,634
Northern Trust Corp.			22,400		1,222,144
State Street Corp.			39,400		2,328,146
TD Ameritrade Holding Corp.			47,400		977,388

					75,702,949

Chemicals—3.1%
Dow Chemical Co. (The)			235,300		7,491,952
Ecolab, Inc.			36,100		2,894,498
Monsanto Co.			138,050		14,582,221
Mosaic Co. (The)			138,100		8,232,141
Praxair, Inc.			45,000		5,019,300


Vantagepoint Growth & Income Fund
		Shares		Value
COMMON STOCKS—(Continued)
Sherwin-Williams Co. (The)			27,900	$	4,712,031

					42,932,143

Commercial Banks—3.9%
BB&T Corp.			208,800		6,554,232
Comerica, Inc.			456,150		16,398,593
PNC Financial Services Group, Inc.			180,100		11,976,650
U.S. Bancorp			39,800		1,350,414
Wells Fargo & Co.			457,700		16,930,323

					53,210,212

Commercial Services & Supplies—1.0%
Cintas Corp.			297,000		13,106,610

Communications Equipment—1.8%
Cisco Systems, Inc.			754,700		15,780,777
F5 Networks, Inc.	*		100		8,908
Juniper Networks, Inc.	*		47,500		880,650
QUALCOMM, Inc.			111,700		7,478,315

					24,148,650

Computers & Peripherals—2.2%
Apple, Inc.			24,800		10,977,224
EMC Corp.	*		544,800		13,015,272
Hewlett-Packard Co.			290,600		6,927,904

					30,920,400

Consumer Finance—1.4%
American Express Co.			283,300		19,111,418

Diversified Financial Services—4.0%
Citigroup, Inc.			454,200		20,093,808
IntercontinentalExchange, Inc.	*†		50,400		8,218,728
JPMorgan Chase & Co.			553,608		26,274,236

					54,586,772

Diversified Telecommunication Services—0.8%
AT&T, Inc.			286,906		10,526,581

Electric Utilities—0.9%
Edison International			109,300		5,499,976
Entergy Corp.			77,800		4,920,072
PPL Corp.			78,600		2,460,966

					12,881,014

Electrical Equipment—0.8%
Eaton Corp. plc (Ireland)			150,500		9,218,125
Roper Industries, Inc.			16,200		2,062,422

					11,280,547

Electronic Equipment, Instruments & Components—1.5%
Amphenol Corp., Class A			3,600		268,740
TE Connectivity Ltd. (Switzerland)			501,425		21,024,750

					21,293,490

Energy Equipment & Services—2.5%
Cameron International Corp.	*		28,500		1,858,200
FMC Technologies, Inc.	*		9,800		533,022
Halliburton Co.			200,400		8,098,164
Noble Corp. (Switzerland)			152,000		5,798,800
Schlumberger Ltd.			242,975		18,196,398

					34,484,584

Food & Staples Retailing—3.0%
Costco Wholesale Corp.			9,000		954,990
CVS Caremark Corp.			29,500		1,622,205


Vantagepoint Growth & Income Fund
		Shares		Value
COMMON STOCKS—(Continued)
Kroger Co. (The)			10,600	$	351,284
Sysco Corp.	†		536,325		18,862,550
Wal-Mart Stores, Inc.			227,400		17,016,342
Whole Foods Market, Inc.			26,400		2,290,200

					41,097,571

Food Products—2.7%
Danone SA ADR (France)			969,625		13,603,839
General Mills, Inc.			163,300		8,052,323
Green Mountain Coffee Roasters, Inc.	*†		23,200		1,316,832
Nestle SA (Switzerland)			1,492		107,983
Nestle SA ADR (Switzerland)			200,200		14,508,494

					37,589,471

Health Care Equipment & Supplies—2.8%
Baxter International, Inc.			112,500		8,172,000
Becton Dickinson and Co.			1,400		133,854
Covidien plc (Ireland)			421,625		28,603,040
Edwards Lifesciences Corp.	*		11,700		961,272
Stryker Corp.			17,900		1,167,796

					39,037,962

Health Care Providers & Services—1.7%
AmerisourceBergen Corp.			282,150		14,516,617
Express Scripts Holding Co.	*		42,000		2,421,300
Henry Schein, Inc.	*		1,400		129,570
McKesson Corp.			52,300		5,646,308
UnitedHealth Group, Inc.			23,700		1,355,877

					24,069,672

Health Care Technology—0.0%
Cerner Corp.	*		5,700		540,075

Hotels, Restaurants & Leisure—1.5%
Carnival Corp.			68,900		2,363,270
Chipotle Mexican Grill, Inc.	*		6,900		2,248,503
Las Vegas Sands Corp.			81,200		4,575,620
Marriott International, Inc., Class A			36,671		1,548,616
McDonald’s Corp.			300		29,907
Starbucks Corp.			107,200		6,106,112
Starwood Hotels & Resorts Worldwide, Inc.			59,200		3,772,816
Tim Hortons, Inc. (Canada)			2,200		119,504
Yum! Brands, Inc.			7,100		510,774

					21,275,122

Household Durables—0.6%
Lennar Corp., Class A			2,500		103,700
Newell Rubbermaid, Inc.			307,400		8,023,140

					8,126,840

Household Products—1.0%
Kimberly-Clark Corp.			123,550		12,105,429
Procter & Gamble Co. (The)			17,100		1,317,726

					13,423,155

Industrial Conglomerates—4.6%
3M Co.			260,450		27,688,440
Danaher Corp.			166,600		10,354,190
General Electric Co.			668,200		15,448,784
Koninklijke Philips Electronics NV NYRS (Netherlands)			344,400		10,177,020

					63,668,434


Vantagepoint Growth & Income Fund
		Shares		Value
COMMON STOCKS—(Continued)
Insurance—4.3%
ACE Ltd. (Switzerland)			82,200	$	7,313,334
Berkshire Hathaway, Inc., Class B	*		247,300		25,768,660
Marsh & McLennan Cos., Inc.			256,100		9,724,117
Principal Financial Group, Inc.			180,600		6,145,818
Willis Group Holdings plc (United Kingdom)			249,050		9,834,984

					58,786,913

Internet & Catalog Retail—1.8%
Amazon.com, Inc.	*		54,800		14,603,652
Expedia, Inc.			7,600		456,076
Liberty Interactive Corp., Series A	*		17,400		372,012
priceline.com, Inc.	*		13,100		9,011,883

					24,443,623

Internet Software & Services—2.9%
Akamai Technologies, Inc.	*		3,400		119,986
Baidu, Inc. ADR (China)	*		20,500		1,797,850
eBay, Inc.	*		123,700		6,707,014
Facebook, Inc., Class A	*		100,800		2,578,464
Google, Inc., Class A	*		29,500		23,423,885
LinkedIn Corp., Class A	*		13,000		2,288,780
Tencent Holdings Ltd. (China)			77,300		2,472,411

					39,388,390

IT Services—4.1%
Accenture plc, Class A (Ireland)			293,100		22,266,807
Alliance Data Systems Corp.	*		9,500		1,537,955
Automatic Data Processing, Inc.			212,850		13,839,507
Cognizant Technology Solutions Corp., Class A	*		20,000		1,532,200
Fiserv, Inc.	*		16,300		1,431,629
Mastercard, Inc., Class A			18,900		10,227,357
Visa, Inc., Class A			30,900		5,248,056

					56,083,511

Life Sciences Tools & Services—0.2%
Thermo Fisher Scientific, Inc.			40,800		3,120,792

Machinery—3.9%
Flowserve Corp.			100		16,771
Illinois Tool Works, Inc.			291,625		17,771,627
Ingersoll-Rand plc (Ireland)			350,075		19,257,626
PACCAR, Inc.			210,050		10,620,128
Stanley Black & Decker, Inc.			70,400		5,700,288

					53,366,440

Media—4.6%
CBS Corp., Class B			135,500		6,326,495
Discovery Communications, Inc., Class C	*		60,850		4,231,509
Omnicom Group, Inc.			340,150		20,034,835
Thomson Reuters Corp.			230,700		7,493,136
Time Warner Cable, Inc.			61,900		5,946,114
Time Warner, Inc.			286,100		16,485,082
Walt Disney Co. (The)			39,500		2,243,600

					62,760,771

Metals & Mining—0.6%
Barrick Gold Corp. (Canada)			92,400		2,716,560
Steel Dynamics, Inc.			375,700		5,962,359

					8,678,919

Multiline Retail—1.4%
Dollar General Corp.	*		141,700		7,167,186
Dollar Tree, Inc.	*		17,900		866,897


Vantagepoint Growth & Income Fund
		Shares		Value
COMMON STOCKS—(Continued)
Kohl’s Corp.			121,100	$	5,586,343
Nordstrom, Inc.			111,900		6,180,237

					19,800,663

Oil, Gas & Consumable Fuels—5.7%
Anadarko Petroleum Corp.			81,000		7,083,450
Cabot Oil & Gas Corp.			2,700		182,547
Chevron Corp.			149,600		17,775,472
Concho Resources, Inc.	*		4,600		448,178
Devon Energy Corp.			297,475		16,783,539
EOG Resources, Inc.			19,300		2,471,751
EQT Corp.			22,700		1,537,925
Marathon Oil Corp.			240,500		8,109,660
Occidental Petroleum Corp.			68,300		5,352,671
Petroleo Brasileiro SA ADR (Brazil)			324,000		5,368,680
Phillips 66			30,000		2,099,100
Pioneer Natural Resources Co.			21,200		2,634,100
Range Resources Corp.			25,400		2,058,416
Southwestern Energy Co.	*		197,700		7,366,302

					79,271,791

Paper & Forest Products—0.7%
International Paper Co.			219,200		10,210,336

Personal Products—0.0%
Estee Lauder Cos., Inc. (The), Class A			1,600		102,448

Pharmaceuticals—3.2%
Allergan, Inc.			29,000		3,237,270
GlaxoSmithKline plc ADR (United Kingdom)			304,500		14,284,095
Merck & Co., Inc.			217,740		9,630,640
Perrigo Co.			3,100		368,063
Roche Holding AG ADR (Switzerland)	†		145,800		8,543,880
Teva Pharmaceutical Industries Ltd. ADR (Israel)			180,400		7,158,272
Valeant Pharmaceuticals International, Inc. (Canada)	*		10,700		802,714
Zoetis, Inc.	*		3,300		110,220

					44,135,154

Professional Services—0.1%
IHS, Inc., Class A	*		13,100		1,371,832
Verisk Analytics, Inc., Class A	*		2,500		154,075

					1,525,907

Real Estate Investment Trusts (REITs)—0.5%
American Tower Corp. REIT			94,300		7,253,556

Road & Rail—0.7%
J.B. Hunt Transport Services, Inc.			8,300		618,184
Kansas City Southern			26,500		2,938,850
Union Pacific Corp.			45,200		6,436,932

					9,993,966

Semiconductors & Semiconductor Equipment—1.4%
Broadcom Corp., Class A			102,400		3,550,208
Intel Corp.			402,700		8,798,995
Xilinx, Inc.			187,200		7,145,424

					19,494,627

Software—2.1%
Autodesk, Inc.	*		31,200		1,286,688
Citrix Systems, Inc.	*		4,900		353,584


Vantagepoint Growth & Income Fund
		Shares		Value
COMMON STOCKS—(Continued)
Intuit, Inc.			12,800	$	840,320
Microsoft Corp.			695,650		19,902,547
Red Hat, Inc.	*		39,700		2,007,232
Salesforce.com, Inc.	*		22,100		3,952,143

					28,342,514

Specialty Retail—1.8%
AutoZone, Inc.	*		21,200		8,411,524
Home Depot, Inc. (The)			40,300		2,812,134
L Brands, Inc.			40,700		1,817,662
Lowe’s Cos., Inc.			198,300		7,519,536
O’Reilly Automotive, Inc.	*		25,700		2,635,535
Ross Stores, Inc.			16,700		1,012,354
Tiffany & Co.			2,000		139,080

					24,347,825

Textiles, Apparel & Luxury Goods—0.9%
Fossil, Inc.	*		30,900		2,984,940
Lululemon Athletica, Inc. (Canada)	*†		10,300		642,205
Michael Kors Holdings Ltd. (Hong Kong)	*		22,000		1,249,380
NIKE, Inc., Class B			33,600		1,982,736
PVH Corp.			24,800		2,648,888
Ralph Lauren Corp.			19,200		3,250,752

					12,758,901

Tobacco—0.6%
Imperial Tobacco Group plc ADR (United Kingdom)			109,900		7,693,000

Trading Companies & Distributors—0.3%
Fastenal Co.			64,300		3,301,805
W.W. Grainger, Inc.			4,700		1,057,406

					4,359,211

Wireless Telecommunication Services—0.5%
Vodafone Group plc ADR (United Kingdom)			246,100		6,991,701

TOTAL COMMON STOCKS (Cost $1,016,280,071)					1,336,838,842

MONEY MARKET FUNDS—3.8%
Institutional Money Market Funds—3.8%
Dreyfus Institutional Cash Advantage Fund, 0.07%	††¥		2,400,000		2,400,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%	¥		40,803,720		40,803,720
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%	††¥		1,081,537		1,081,537
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.10%	††¥		1,450,000		1,450,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.11%	††¥		2,400,000		2,400,000


Vantagepoint Growth & Income Fund
		Shares		Value
MONEY MARKET FUNDS—(Continued)
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.13%	††¥		2,400,000	$	2,400,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.12%	††¥		2,400,000		2,400,000

TOTAL MONEY MARKET FUNDS (Cost $52,935,257)					52,935,257

TOTAL INVESTMENTS—100.7% (Cost $1,069,215,328)					1,389,774,099
Other assets less liabilities—(0.7%)					(9,751,056	)

NET ASSETS—100.0%				$	1,380,023,043

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 Growth Fund
		Shares		Value
COMMON STOCKS—97.5%
Aerospace & Defense—1.9%
Honeywell International, Inc.			108,818	$	8,199,437
Precision Castparts Corp.			81,426		15,439,998
United Technologies Corp.			157,740		14,737,648

					38,377,083

Air Freight & Logistics—0.6%
C.H. Robinson Worldwide, Inc.			72,749		4,325,656
FedEx Corp.			68,000		6,677,600

					11,003,256

Airlines—0.3%
Delta Air Lines, Inc.	*		326,200		5,385,562

Beverages—0.6%
Coca-Cola Co. (The)			296,795		12,002,390

Biotechnology—5.5%
Alexion Pharmaceuticals, Inc.	*		118,000		10,872,520
Biogen Idec, Inc.	*		150,779		29,086,777
Celgene Corp.	*		299,030		34,660,568
Gilead Sciences, Inc.	*		519,468		25,417,569
Regeneron Pharmaceuticals, Inc.	*		13,108		2,312,251
Vertex Pharmaceuticals, Inc.	*		162,900		8,956,242

					111,305,927

Building Products—0.3%
Masco Corp.			318,400		6,447,600

Capital Markets—1.9%
Affiliated Managers Group, Inc.	*		105,600		16,216,992
Goldman Sachs Group, Inc. (The)			56,190		8,268,358
State Street Corp.			133,220		7,871,970
T. Rowe Price Group, Inc.			67,499		5,053,650

					37,410,970

Chemicals—5.1%
Ecolab, Inc.			160,002		12,828,960
FMC Corp.			73,780		4,207,673
LyondellBasell Industries NV, Class A (Netherlands)			109,500		6,930,255
Monsanto Co.			590,758		62,401,768
PPG Industries, Inc.			78,723		10,544,159
Sherwin-Williams Co. (The)			32,000		5,404,480

					102,317,295

Commercial Banks—0.4%
Wells Fargo & Co.			242,153		8,957,239

Communications Equipment—3.6%
Cisco Systems, Inc.			351,670		7,353,420
Juniper Networks, Inc.	*		295,646		5,481,277
QUALCOMM, Inc.			881,771		59,034,568

					71,869,265

Computers & Peripherals—6.4%
Apple, Inc.			216,138		95,669,163
EMC Corp.	*		1,153,243		27,550,975
SanDisk Corp.	*		114,700		6,308,500

					129,528,638

Consumer Finance—1.3%
American Express Co.			88,975		6,002,253
Discover Financial Services			362,663		16,261,809
SLM Corp.			185,400		3,796,992

					26,061,054

Diversified Financial Services—1.4%
Citigroup, Inc.			254,510		11,259,522
IntercontinentalExchange, Inc.	*†		50,585		8,248,896


Vantagepoint Growth Fund
		Shares		Value
COMMON STOCKS—(Continued)
JPMorgan Chase & Co.			187,400	$	8,894,004

					28,402,422

Diversified Telecommunication Services—0.3%
Verizon Communications, Inc.			133,110		6,542,357

Energy Equipment & Services—4.0%
Cameron International Corp.	*		379,857		24,766,676
Halliburton Co.			353,930		14,302,311
National Oilwell Varco, Inc.			202,450		14,323,338
Schlumberger Ltd.			351,677		26,337,091

					79,729,416

Food & Staples Retailing—1.9%
Costco Wholesale Corp.			182,338		19,347,885
CVS Caremark Corp.			231,314		12,719,957
Whole Foods Market, Inc.			70,700		6,133,225

					38,201,067

Food Products—1.8%
Hershey Co. (The)			144,740		12,669,092
Kraft Foods Group, Inc.			180,076		9,279,317
Mondelez International, Inc., Class A			487,610		14,925,742

					36,874,151

Health Care Equipment & Supplies—1.1%
Cooper Cos., Inc. (The)			103,330		11,147,240
Edwards Lifesciences Corp.	*		70,117		5,760,813
Varian Medical Systems, Inc.	*		63,235		4,552,920

					21,460,973

Health Care Providers & Services—2.0%
Cardinal Health, Inc.			251,120		10,451,614
Catamaran Corp.	*		192,500		10,208,275
DaVita HealthCare Partners, Inc.	*		25,193		2,987,638
Express Scripts Holding Co.	*		186,334		10,742,155
UnitedHealth Group, Inc.			93,633		5,356,744

					39,746,426

Health Care Technology—1.0%
Cerner Corp.	*		220,925		20,932,644

Hotels, Restaurants & Leisure—3.9%
Chipotle Mexican Grill, Inc.	*		35,200		11,470,624
Las Vegas Sands Corp.			266,970		15,043,759
McDonald’s Corp.			86,075		8,580,817
Starbucks Corp.			764,582		43,550,591

					78,645,791

Household Durables—0.3%
Whirlpool Corp.			56,185		6,655,675

Household Products—0.5%
Procter & Gamble Co. (The)			136,300		10,503,278

Industrial Conglomerates—2.0%
Danaher Corp.			329,081		20,452,384
General Electric Co.			841,610		19,458,023

					39,910,407

Insurance—0.6%
American International Group, Inc.	*		231,110		8,971,690
Marsh & McLennan Cos., Inc.			99,711		3,786,027

					12,757,717

Internet & Catalog Retail—3.5%
Amazon.com, Inc.	*		152,643		40,677,833
priceline.com, Inc.	*		42,849		29,477,113

					70,154,946


Vantagepoint Growth Fund
		Shares		Value
COMMON STOCKS—(Continued)
Internet Software & Services—6.3%
AOL, Inc.	*		65,700	$	2,528,793
eBay, Inc.	*		664,468		36,027,455
Facebook, Inc., Class A	*		275,787		7,054,632
Google, Inc., Class A	*		80,580		63,982,937
LinkedIn Corp., Class A	*		99,107		17,448,778

					127,042,595

IT Services—6.2%
Accenture plc, Class A (Ireland)			138,700		10,537,039
Cognizant Technology Solutions Corp., Class A	*		365,365		27,990,613
International Business Machines Corp.			21,575		4,601,947
Mastercard, Inc., Class A			28,113		15,212,788
Teradata Corp.	*		195,000		11,409,450
Visa, Inc., Class A			320,023		54,352,706

					124,104,543

Life Sciences Tools & Services—0.7%
Thermo Fisher Scientific, Inc.			185,610		14,197,309

Machinery—3.0%
Caterpillar, Inc.			199,500		17,350,515
Cummins, Inc.			169,731		19,656,547
Deere & Co.			59,934		5,153,125
PACCAR, Inc.			124,140		6,276,519
Stanley Black & Decker, Inc.			146,410		11,854,818

					60,291,524

Media—3.1%
Comcast Corp., Class A			651,528		27,370,691
Sirius XM Radio, Inc.	†		1,646,500		5,071,220
Viacom, Inc., Class B			152,390		9,382,652
Walt Disney Co. (The)			375,357		21,320,278

					63,144,841

Oil, Gas & Consumable Fuels—3.4%
Cabot Oil & Gas Corp.			105,817		7,154,287
Noble Energy, Inc.			110,434		12,772,796
Occidental Petroleum Corp.			126,685		9,928,303
Pioneer Natural Resources Co.			58,699		7,293,351
Suncor Energy, Inc. (Canada)			470,160		14,109,502
Valero Energy Corp.			354,040		16,105,280

					67,363,519

Paper & Forest Products—0.4%
International Paper Co.			162,830		7,584,621

Personal Products—0.5%
Avon Products, Inc.			142,500		2,954,025
Estee Lauder Cos., Inc. (The), Class A			100,891		6,460,051

					9,414,076

Pharmaceuticals—5.1%
Actavis, Inc.	*		123,340		11,360,848
Allergan, Inc.			216,984		24,221,924
Bristol-Myers Squibb Co.			320,510		13,201,807
Merck & Co., Inc.			300,040		13,270,769
Perrigo Co.			48,889		5,804,591
Pfizer, Inc.			572,900		16,533,894
Valeant Pharmaceuticals International, Inc. (Canada)	*		132,918		9,971,508


Vantagepoint Growth Fund
		Shares		Value
COMMON STOCKS—(Continued)
Warner Chilcott plc, Class A (Ireland)			409,497	$	5,548,684
Zoetis, Inc.	*		60,625		2,024,875

					101,938,900

Professional Services—0.1%
Nielsen Holdings NV			69,290		2,481,968

Road & Rail—3.1%
Canadian Pacific Railway Ltd. (Canada)	†		147,305		19,218,883
Hertz Global Holdings, Inc.	*		482,864		10,748,553
J.B. Hunt Transport Services, Inc.			150,100		11,179,448
Union Pacific Corp.			152,405		21,703,996

					62,850,880

Semiconductors & Semiconductor Equipment—1.6%
Avago Technologies Ltd. (Singapore)			140,800		5,057,536
Broadcom Corp., Class A			506,529		17,561,361
Cree, Inc.	*		48,200		2,637,022
Texas Instruments, Inc.			205,180		7,279,786

					32,535,705

Software—4.6%
Check Point Software Technologies Ltd. (Israel)	*		139,405		6,550,641
Citrix Systems, Inc.	*		391,200		28,228,992
Informatica Corp.	*		70,164		2,418,553
Intuit, Inc.			93,952		6,167,949
Microsoft Corp.			682,547		19,527,669
Oracle Corp.			362,770		11,731,982
Salesforce.com, Inc.	*		99,290		17,756,031

					92,381,817

Specialty Retail—3.0%
Bed Bath & Beyond, Inc.	*		45,616		2,938,583
Home Depot, Inc. (The)			293,620		20,488,803
Lowe’s Cos., Inc.			392,752		14,893,156
Ross Stores, Inc.			49,964		3,028,818
Tractor Supply Co.			134,400		13,995,072
Urban Outfitters, Inc.	*		117,000		4,532,580

					59,877,012

Textiles, Apparel & Luxury Goods—2.9%
Coach, Inc.			139,166		6,956,908
Lululemon Athletica, Inc. (Canada)	*†		151,000		9,414,850
Michael Kors Holdings Ltd. (Hong Kong)	*		317,325		18,020,887
NIKE, Inc., Class B			408,107		24,082,394

					58,475,039

Tobacco—0.5%
Philip Morris International, Inc.			104,777		9,713,876

Trading Companies & Distributors—0.8%
Fastenal Co.			312,870		16,065,874

TOTAL COMMON STOCKS (Cost $1,595,470,205)					1,960,647,648

MONEY MARKET FUNDS—4.6%
Institutional Money Market Funds—4.6%
Dreyfus Institutional Cash Advantage Fund, 0.07%	††¥		6,400,000		6,400,000


Vantagepoint Growth Fund
		Shares		Value
MONEY MARKET FUNDS—(Continued)
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%	¥		51,158,696	$	51,158,696
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%	††¥		8,322,170		8,322,170
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.10%	††¥		7,400,000		7,400,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.11%	††¥		6,400,000		6,400,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.13%	††¥		6,400,000		6,400,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.12%	††¥		6,400,000		6,400,000

TOTAL MONEY MARKET FUNDS (Cost $92,480,866)					92,480,866

TOTAL INVESTMENTS—102.1% (Cost $1,687,951,071)					2,053,128,514
Other assets less liabilities—(2.1%)					(43,199,638	)

NET ASSETS—100.0%				$	2,009,928,876

Legend to the Schedule of Investments:

*	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—95.9%
Aerospace & Defense—3.5%
Huntington Ingalls Industries, Inc.			47,200	$	2,517,176
L-3 Communications Holdings, Inc.			21,800		1,764,056
Northrop Grumman Corp.			17,900		1,255,685
Rockwell Collins, Inc.			30,100		1,899,912
Spirit Aerosystems Holdings, Inc., Class A	*		40,500		769,095
TransDigm Group, Inc.			24,719		3,780,029
Triumph Group, Inc.			20,450		1,605,325

					13,591,278

Airlines—0.4%
Delta Air Lines, Inc.	*		105,050		1,734,376

Auto Components—0.4%
Magna International, Inc. (Canada)			25,825		1,515,928

Beverages—0.2%
Coca-Cola Enterprises, Inc.			17,000		627,640

Capital Markets—1.2%
Evercore Partners, Inc., Class A			30,525		1,269,840
Northern Trust Corp.			26,300		1,434,928
Raymond James Financial, Inc.			44,300		2,042,230

					4,746,998

Chemicals—0.6%
Axiall Corp.			21,425		1,331,778
Huntsman Corp.			54,700		1,016,873

					2,348,651

Commercial Banks—4.3%
City National Corp./California			41,111		2,421,849
Fifth Third Bancorp			136,250		2,222,237
First Niagara Financial Group, Inc.			109,300		968,398
KeyCorp			129,700		1,291,812
M&T Bank Corp.	†		24,300		2,506,788
Regions Financial Corp.			397,625		3,256,549
SunTrust Banks, Inc.			43,175		1,243,872
TCF Financial Corp.			169,602		2,537,246

					16,448,751

Commercial Services & Supplies—1.3%
Avery Dennison Corp.			25,750		1,109,053
Republic Services, Inc.			43,500		1,435,500
Steelcase, Inc., Class A			164,400		2,421,612

					4,966,165

Communications Equipment—0.4%
Comtech Telecommunications Corp.			56,494		1,371,674

Computers & Peripherals—0.4%
Lexmark International, Inc., Class A	†		57,300		1,512,720

Construction & Engineering—2.2%
EMCOR Group, Inc.			29,925		1,268,521
Jacobs Engineering Group, Inc.	*		58,000		3,261,920
URS Corp.			80,900		3,835,469

					8,365,910

Consumer Finance—0.4%
Discover Financial Services			30,425		1,364,257

Containers & Packaging—2.3%
Bemis Co., Inc.			129,150		5,212,494
Sonoco Products Co.			107,617		3,765,519

					8,978,013


Vantagepoint Select Value Fund
		Shares		Value
COMMON STOCKS—(Continued)
Diversified Consumer Services—0.9%
H&R Block, Inc.			120,800	$	3,553,936

Diversified Financial Services—1.1%
NYSE Euronext			75,200		2,905,728
PHH Corp.	*†		63,200		1,387,872

					4,293,600

Electric Utilities—2.4%
Cleco Corp.			47,900		2,252,737
Great Plains Energy, Inc.			103,200		2,393,208
OGE Energy Corp.			11,000		769,780
Pinnacle West Capital Corp.			64,200		3,716,538

					9,132,263

Electrical Equipment—1.0%
Eaton Corp. plc (Ireland)			23,950		1,466,937
Hubbell, Inc., Class B			22,900		2,223,819

					3,690,756

Electronic Equipment, Instruments & Components—3.5%
Arrow Electronics, Inc.	*		69,900		2,839,338
Avnet, Inc.	*		142,650		5,163,930
FLIR Systems, Inc.			104,800		2,725,848
Ingram Micro, Inc., Class A	*		135,300		2,662,704

					13,391,820

Energy Equipment & Services—2.8%
Ensco plc, Class A (United Kingdom)			41,557		2,493,420
McDermott International, Inc.	*		151,000		1,659,490
Patterson-UTI Energy, Inc.			196,175		4,676,812
SEACOR Holdings, Inc.	†		26,000		1,915,680

					10,745,402

Food & Staples Retailing—2.1%
Harris Teeter Supermarkets, Inc.			45,765		1,954,623
Kroger Co. (The)			148,875		4,933,718
Sysco Corp.			32,900		1,157,093

					8,045,434

Food Products—1.4%
Hillshire Brands Co.			36,570		1,285,436
Ingredion, Inc.			13,000		940,160
J.M. Smucker Co. (The)			12,325		1,222,147
Tyson Foods, Inc., Class A			80,325		1,993,666

					5,441,409

Gas Utilities—0.3%
UGI Corp.			33,500		1,286,065

Health Care Equipment & Supplies—1.9%
Becton Dickinson and Co.			35,800		3,422,838
Boston Scientific Corp.	*		139,175		1,086,957
CareFusion Corp.	*		36,875		1,290,256
Sirona Dental Systems, Inc.	*		20,650		1,522,524

					7,322,575

Health Care Providers & Services—2.0%
Cigna Corp.			50,800		3,168,396
HCA Holdings, Inc.			64,800		2,632,824
Omnicare, Inc.			43,000		1,750,960

					7,552,180

Hotels, Restaurants & Leisure—2.0%
Darden Restaurants, Inc.			76,500		3,953,520
Wyndham Worldwide Corp.			59,600		3,843,008

					7,796,528


Vantagepoint Select Value Fund
		Shares		Value
COMMON STOCKS—(Continued)
Household Durables—1.5%
MDC Holdings, Inc.			11,075	$	405,899
Mohawk Industries, Inc.	*		8,900		1,006,768
Newell Rubbermaid, Inc.			92,700		2,419,470
Ryland Group, Inc. (The)	†		22,800		948,936
Whirlpool Corp.			8,165		967,226

					5,748,299

Independent Power Producers & Energy Traders—1.0%
AES Corp. (The)			101,850		1,280,255
NRG Energy, Inc.			98,400		2,606,616

					3,886,871

Industrial Conglomerates—0.9%
Carlisle Cos., Inc.			53,600		3,633,544

Insurance—12.3%
Alleghany Corp.	*		8,310		3,290,095
Allied World Assurance Co. Holdings AG (Switzerland)			16,100		1,492,792
Allstate Corp. (The)			189,275		9,287,724
Aon plc (United Kingdom)			32,449		1,995,613
Arch Capital Group Ltd. (Bermuda)	*		50,500		2,654,785
Endurance Specialty Holdings Ltd. (Bermuda)			53,200		2,543,492
Fidelity National Financial, Inc., Class A			92,025		2,321,791
HCC Insurance Holdings, Inc.			91,050		3,826,832
Lincoln National Corp.			273,737		8,926,564
Loews Corp.			46,500		2,049,255
Progressive Corp. (The)			127,400		3,219,398
Torchmark Corp.			30,900		1,847,820
Unum Group			38,300		1,081,975
Validus Holdings Ltd. (Bermuda)			73,950		2,763,511

					47,301,647

Internet & Catalog Retail—0.3%
Liberty Interactive Corp., Series A	*		48,900		1,045,482

Internet Software & Services—0.7%
Open Text Corp. (Canada)	*†		32,000		1,888,960
ValueClick, Inc.	*		30,875		912,356

					2,801,316

IT Services—4.3%
Broadridge Financial Solutions, Inc.			70,300		1,746,252
Computer Sciences Corp.			103,067		5,073,988
Convergys Corp.			145,700		2,481,271
CoreLogic, Inc.	*		32,850		849,501
Fidelity National Information Services, Inc.			50,900		2,016,658
SAIC, Inc.			142,400		1,929,520
Western Union Co. (The)			157,700		2,371,808

					16,468,998

Leisure Equipment & Products—2.1%
Brunswick Corp.			146,119		5,000,192
Mattel, Inc.			66,100		2,894,519

					7,894,711

Life Sciences Tools & Services—0.7%
Life Technologies Corp.	*		39,700		2,565,811


Vantagepoint Select Value Fund
		Shares		Value
COMMON STOCKS—(Continued)
Machinery—1.6%
AGCO Corp.			20,050	$	1,045,006
Dover Corp.			33,700		2,456,056
Terex Corp.	*		47,200		1,624,624
Trinity Industries, Inc.			20,825		943,997

					6,069,683

Media—0.9%
Gannett Co., Inc.			65,025		1,422,097
Omnicom Group, Inc.			37,100		2,185,190

					3,607,287

Metals & Mining—1.0%
Kinross Gold Corp. (Canada)			225,800		1,790,594
Nucor Corp.			40,575		1,872,536

					3,663,130

Multiline Retail—0.7%
Nordstrom, Inc.			48,900		2,700,747

Multi-Utilities—2.0%
CMS Energy Corp.			79,525		2,221,928
NiSource, Inc.			57,325		1,681,916
PG&E Corp.			78,900		3,513,417
SCANA Corp.			7,800		399,048

					7,816,309

Office Electronics—0.2%
Xerox Corp.			95,500		821,300

Oil, Gas & Consumable Fuels—6.7%
Cimarex Energy Co.			42,000		3,168,480
Energen Corp.			63,100		3,281,831
Hess Corp.			53,050		3,798,911
HollyFrontier Corp.			23,025		1,184,636
Murphy Oil Corp.			60,700		3,868,411
Peabody Energy Corp.			77,375		1,636,481
QEP Resources, Inc.			79,300		2,524,912
SM Energy Co.			7,100		420,462
Southwestern Energy Co.	*		59,100		2,202,066
Valero Energy Corp.			27,625		1,256,661
Whiting Petroleum Corp.	*		44,925		2,283,987

					25,626,838

Paper & Forest Products—0.6%
International Paper Co.			51,025		2,376,745

Pharmaceuticals—0.3%
Jazz Pharmaceuticals plc (Ireland)	*		23,800		1,330,658

Professional Services—2.1%
Dun & Bradstreet Corp. (The)	†		26,500		2,216,725
Manpower, Inc.			34,500		1,956,840
Towers Watson & Co., Class A			58,975		4,088,147

					8,261,712

Real Estate Investment Trusts (REITs)—5.5%
Annaly Capital Management, Inc. REIT			75,000		1,191,750
BioMed Realty Trust, Inc. REIT			95,700		2,067,120
Brandywine Realty Trust REIT			181,500		2,695,275
Capstead Mortgage Corp. REIT			78,400		1,005,088
CBL & Associates Properties, Inc. REIT			94,925		2,240,230
Duke Realty Corp. REIT			299,732		5,089,449
EPR Properties REIT			24,400		1,270,020
Hatteras Financial Corp. REIT			62,800		1,722,604
Kilroy Realty Corp. REIT			48,400		2,536,160


Vantagepoint Select Value Fund
		Shares		Value
COMMON STOCKS—(Continued)
MFA Financial, Inc. REIT			146,000	$	1,360,720

					21,178,416

Real Estate Management & Development—0.4%
CBRE Group, Inc., Class A	*		63,600		1,605,900

Road & Rail—1.9%
Ryder System, Inc.			57,850		3,456,538
Werner Enterprises, Inc.			151,600		3,659,624

					7,116,162

Semiconductors & Semiconductor Equipment—4.1%
Analog Devices, Inc.			67,800		3,152,022
Applied Materials, Inc.			173,700		2,341,476
Broadcom Corp., Class A			25,925		898,820
KLA-Tencor Corp.			27,300		1,439,802
Lam Research Corp.	*		66,000		2,736,360
Micron Technology, Inc.	*		129,875		1,296,153
NXP Semiconductor NV (Netherlands)	*		68,375		2,069,027
Skyworks Solutions, Inc.	*		75,000		1,652,250

					15,585,910

Software—1.1%
Autodesk, Inc.	*		31,300		1,290,812
Symantec Corp.	*		64,875		1,601,115
Synopsys, Inc.	*		34,300		1,230,684

					4,122,611

Specialty Retail—1.9%
Abercrombie & Fitch Co., Class A			26,450		1,221,990
Bed Bath & Beyond, Inc.	*		34,800		2,241,816
Foot Locker, Inc.			36,800		1,260,032
GNC Holdings, Inc., Class A			46,850		1,840,268
Staples, Inc.			64,350		864,220

					7,428,326

Textiles, Apparel & Luxury Goods—1.6%
Coach, Inc.			42,900		2,144,571
V.F. Corp.			22,900		3,841,475

					5,986,046

Trading Companies & Distributors—0.5%
United Rentals, Inc.	*		36,675		2,016,025

Water Utilities—0.0%
American Water Works Co., Inc.			1,400		58,016

TOTAL COMMON STOCKS (Cost $284,267,592)					368,542,829

MONEY MARKET FUNDS—5.6%
Institutional Money Market Funds—5.6%
Dreyfus Institutional Cash Advantage Fund, 0.07%	††¥		750,000		750,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%	¥		16,096,793		16,096,792
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%	††¥		831,143		831,143
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.10%	††¥		750,000		750,000


Vantagepoint Select Value Fund
		Shares		Value
MONEY MARKET FUNDS—(Continued)
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.11%	††¥		1,000,000	$	1,000,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.13%	††¥		1,000,000		1,000,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.12%	††¥		1,000,000		1,000,000

TOTAL MONEY MARKET FUNDS (Cost $21,427,935)					21,427,935

TOTAL INVESTMENTS—101.5% (Cost $305,695,527)					389,970,764
Other assets less liabilities—(1.5%)					(5,843,825	)

NET ASSETS—100.0%				$	384,126,939

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.	*		11,557	$	696,772
L-3 Communications Holdings, Inc.			25,375		2,053,345
Rockwell Collins, Inc.			63,446		4,004,711
Spirit Aerosystems Holdings, Inc., Class A	*		37,231		707,017
Textron, Inc.			23,128		689,446
TransDigm Group, Inc.			57,874		8,850,092
Triumph Group, Inc.			60,924		4,782,534

					21,783,917

Air Freight & Logistics—1.1%
C.H. Robinson Worldwide, Inc.			11,522		685,098
Expeditors International of Washington, Inc.			19,159		684,168
FedEx Corp.			100,100		9,829,820

					11,199,086

Airlines—0.7%
Copa Holdings SA, Class A (Panama)			44,704		5,347,045
Delta Air Lines, Inc.	*		41,192		680,080
Southwest Airlines Co.			51,760		697,725
United Continental Holdings, Inc.	*		21,107		675,635

					7,400,485

Auto Components—1.0%
Allison Transmission Holdings, Inc.			29,742		714,105
BorgWarner, Inc.	*		93,666		7,244,129
Delphi Automotive plc (United Kingdom)			15,366		682,250
Gentex Corp.			32,444		649,204
Goodyear Tire & Rubber Co. (The)	*		53,452		674,030
Visteon Corp.	*		11,555		666,724

					10,630,442

Automobiles—0.5%
Harley-Davidson, Inc.			12,839		684,319
Tesla Motors, Inc.	*†		103,998		3,940,484
Thor Industries, Inc.			18,718		688,635

					5,313,438

Beverages—0.6%
Brown-Forman Corp., Class B			9,812		700,577
Coca-Cola Enterprises, Inc.			17,966		663,305
Constellation Brands, Inc., Class A	*		80,700		3,844,548
Dr. Pepper Snapple Group, Inc.			14,630		686,878
Monster Beverage Corp.	*		14,180		676,953

					6,572,261

Biotechnology—2.4%
Achillion Pharmaceuticals, Inc.	*		144,300		1,261,182
Alexion Pharmaceuticals, Inc.	*		7,291		671,793
Ariad Pharmaceuticals, Inc.	*		140,282		2,537,701
BioMarin Pharmaceutical, Inc.	*		67,068		4,175,654
Cepheid, Inc.	*		71,917		2,759,455
Cubist Pharmaceuticals, Inc.	*		66,562		3,116,433
Incyte Corp. Ltd.	*†		30,120		705,109
Medivation, Inc.	*		14,914		697,528
Myriad Genetics, Inc.	*		27,055		687,197
Onyx Pharmaceuticals, Inc.	*		52,565		4,670,926
Orexigen Therapeutics, Inc.	*†		201,100		1,256,875


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
Regeneron Pharmaceuticals, Inc.	*		3,956	$	697,838
Synageva BioPharma Corp.	*		13,100		719,452
United Therapeutics Corp.	*		11,206		682,109
Vertex Pharmaceuticals, Inc.	*		12,409		682,247

					25,321,499

Building Products—0.8%
Armstrong World Industries, Inc.	*		12,059		673,978
Fortune Brands Home & Security, Inc.	*		116,107		4,345,885
Lennox International, Inc.			10,772		683,914
Masco Corp.			33,358		675,499
Owens Corning, Inc.	*		56,400		2,223,852

					8,603,128

Capital Markets—2.0%
Affiliated Managers Group, Inc.	*		31,109		4,777,409
Bank of New York Mellon Corp. (The)			320,000		8,956,800
Carlyle Group LP (The)			94,900		2,870,725
Eaton Vance Corp.			16,510		690,613
Federated Investors, Inc., Class B	†		28,406		672,370
Lazard Ltd., Class A (Bermuda)			20,260		691,474
LPL Financial Holdings, Inc.			21,533		694,224
SEI Investments Co.			23,911		689,832
T. Rowe Price Group, Inc.			9,466		708,720
Waddell & Reed Financial, Inc., Class A			15,703		687,477

					21,439,644

Chemicals—2.3%
Airgas, Inc.			83,226		8,252,690
Albemarle Corp.			11,101		694,035
Celanese Corp., Series A			15,721		692,510
CF Industries Holdings, Inc.			3,515		669,151
Eastman Chemical Co.			9,914		692,691
Ecolab, Inc.			60,600		4,858,908
FMC Corp.			12,077		688,751
International Flavors & Fragrances, Inc.			9,141		700,840
Intrepid Potash, Inc.			35,929		674,028
NewMarket Corp.			2,649		689,694
PPG Industries, Inc.			5,155		690,461
Rockwood Holdings, Inc.			10,667		698,048
RPM International, Inc.			20,854		658,569
Scotts Miracle-Gro Co. (The),
Class A			15,728		680,079
Sherwin-Williams Co. (The)			4,034		681,302
Sigma-Aldrich Corp.			8,867		688,789
Valspar Corp.			11,006		685,123
W.R. Grace & Co.	*		9,090		704,566
Westlake Chemical Corp.	†		7,290		681,615

					24,781,850

Commercial Banks—0.2%
Signature Bank/New York	*		8,501		669,539
Texas Capital Bancshares, Inc.	*		28,900		1,169,005

					1,838,544

Commercial Services & Supplies—1.8%
Cintas Corp.			15,723		693,856
Clean Harbors, Inc.	*		168,883		9,810,414
Copart, Inc.	*		20,022		686,354
Covanta Holding Corp.			33,032		665,595
Iron Mountain, Inc.			19,710		715,670


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
Pitney Bowes, Inc.	†		45,760	$	679,994
Rollins, Inc.			27,955		686,295
Stericycle, Inc.	*		38,906		4,131,039
Waste Connections, Inc.			18,228		655,843

					18,725,060

Communications Equipment—0.4%
Acme Packet, Inc.	*		23,330		681,703
EchoStar Corp., Class A	*		17,986		700,914
F5 Networks, Inc.	*		7,675		683,689
Harris Corp.			15,122		700,753
Palo Alto Networks, Inc.	*		12,060		682,596
Riverbed Technology, Inc.	*		45,848		683,594

					4,133,249

Computers & Peripherals—1.8%
Dell, Inc.			913,000		13,083,290
Diebold, Inc.			22,491		681,927
Fusion-io, Inc.	*†		41,689		682,449
NCR Corp.	*		24,160		665,850
NetApp, Inc.	*		20,264		692,218
Stratasys Ltd.	*		41,801		3,102,470
Western Digital Corp.			13,572		682,400

					19,590,604

Construction & Engineering—1.6%
ACS Actividades de Construccion y Servicios SA (Spain)			297,200		6,963,397
Chicago Bridge & Iron Co. NV
(Netherlands)			11,622		721,726
Fluor Corp.			10,537		698,920
Quanta Services, Inc.	*		131,400		3,755,412
URS Corp.			105,000		4,978,050

					17,117,505

Construction Materials—1.0%
Cemex SAB de CV ADR (Mexico)	*		531,900		6,494,499
Headwaters, Inc.	*		274,604		2,993,183
Martin Marietta Materials, Inc.			6,440		657,009
Vulcan Materials Co.			7,124		368,311

					10,513,002

Containers & Packaging—0.5%
AptarGroup, Inc.			12,032		690,035
Ball Corp.			14,449		687,484
Crown Holdings, Inc.	*		16,553		688,770
Owens-Illinois, Inc.	*		25,788		687,250
Packaging Corp. of America			15,851		711,234
Rock-Tenn Co., Class A			7,591		704,369
Silgan Holdings, Inc.			13,538		639,671

					4,808,813

Distributors—0.5%
Genuine Parts Co.			8,822		688,116
LKQ Corp.	*		31,754		690,967
Pool Corp.			79,800		3,830,400

					5,209,483

Diversified Consumer Services—0.3%
Apollo Group, Inc., Class A	*		39,279		683,062
H&R Block, Inc.			28,250		831,115
ITT Educational Services, Inc.	*†		48,725		671,430
Weight Watchers International, Inc.	†		16,263		684,835

					2,870,442


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
Diversified Financial Services—2.2%
CBOE Holdings, Inc.			18,691	$	690,445
IntercontinentalExchange, Inc.	*†		59,135		9,643,144
Leucadia National Corp.			32,913		902,804
McGraw-Hill Cos., Inc. (The)			75,122		3,912,354
Moody’s Corp.			13,034		694,973
MSCI, Inc.	*		19,632		666,114
NASDAQ OMX Group, Inc. (The)			196,900		6,359,870

					22,869,704

Diversified Telecommunication Services—1.4%
Level 3 Communications, Inc.	*†		435,101		8,828,199
tw telecom inc.	*		201,733		5,081,654
Windstream Corp.	†		85,493		679,670

					14,589,523

Electric Utilities—0.1%
ITC Holdings Corp.			7,977		712,027

Electrical Equipment—1.0%
AMETEK, Inc.			98,090		4,253,182
Babcock & Wilcox Co. (The)			23,967		680,903
Eaton Corp. plc (Ireland)			11,400		698,250
General Cable Corp.	*		18,929		693,369
Hubbell, Inc., Class B			7,007		680,450
Polypore International, Inc.	*†		16,920		679,846
Regal-Beloit Corp.			23,115		1,885,259
Rockwell Automation, Inc.			7,987		689,677
Roper Industries, Inc.			5,580		710,390

					10,971,326

Electronic Equipment, Instruments & Components—1.4%
Amphenol Corp., Class A			9,528		711,265
Dolby Laboratories, Inc., Class A	†		19,814		664,958
FEI Co.			54,724		3,532,434
FLIR Systems, Inc.			27,382		712,206
IPG Photonics Corp.	†		67,320		4,470,721
Jabil Circuit, Inc.			37,218		687,789
National Instruments Corp.			21,255		696,101
Trimble Navigation Ltd.	*		104,416		3,128,304

					14,603,778

Energy Equipment & Services—1.1%
Atwood Oceanics, Inc.	*		13,136		690,165
Cameron International Corp.	*		81,232		5,296,326
CARBO Ceramics, Inc.	†		7,259		661,077
Dresser-Rand Group, Inc.	*		11,005		678,568
Era Group, Inc.	*		15,150		318,150
FMC Technologies, Inc.	*		12,608		685,749
Helmerich & Payne, Inc.			11,044		670,371
Oceaneering International, Inc.			10,299		683,957
Oil States International, Inc.	*		8,391		684,454
RPC, Inc.	†		43,497		659,850
SEACOR Holdings, Inc.			9,350		688,908

					11,717,575

Food & Staples Retailing—0.3%
Fresh Market, Inc. (The)	*		15,960		682,609
Kroger Co. (The)			20,680		685,335
Safeway, Inc.	†		25,936		683,414
Whole Foods Market, Inc.			7,783		675,175

					2,726,533

Food Products—2.3%
Annie’s, Inc.	*†		68,875		2,635,157


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
Boulder Brands, Inc.	*†		118,249	$	1,061,876
Campbell Soup Co.			15,206		689,744
Dean Foods Co.	*		37,493		679,748
Flowers Foods, Inc.			20,943		689,862
Green Mountain Coffee Roasters, Inc.	*†		12,234		694,402
H.J. Heinz Co.			9,477		684,903
Hershey Co. (The)			50,237		4,397,245
Hillshire Brands Co.			19,589		688,553
Hormel Foods Corp.			16,977		701,490
Ingredion, Inc.			9,447		683,207
McCormick & Co., Inc.			9,652		709,905
Mead Johnson Nutrition Co.			8,814		682,644
Mondelez International, Inc., Class A			298,300		9,130,963
WhiteWave Foods Co., Class A	*†		38,800		662,316

					24,792,015

Gas Utilities—0.1%
ONEOK, Inc.			14,351		684,112
Questar Corp.			28,419		691,434

					1,375,546

Health Care Equipment & Supplies—1.9%
Align Technology, Inc.	*†		69,112		2,315,943
Boston Scientific Corp.	*		354,500		2,768,645
C.R. Bard, Inc.			6,801		685,405
Cooper Cos., Inc. (The)			6,361		686,225
DENTSPLY International, Inc.			15,530		658,783
Edwards Lifesciences Corp.	*		8,382		688,665
HeartWare International, Inc.	*		15,000		1,326,450
IDEXX Laboratories, Inc.	*		7,384		682,208
ResMed, Inc.	†		14,745		683,578
Sirona Dental Systems, Inc.	*		50,043		3,689,670
St. Jude Medical, Inc.			17,015		688,087
Thoratec Corp.	*		69,946		2,622,975
Varian Medical Systems, Inc.	*		9,540		686,880
Wright Medical Group, Inc.	*		55,900		1,330,979
Zimmer Holdings, Inc.			9,392		706,466

					20,220,959

Health Care Providers & Services—3.4%
AmerisourceBergen Corp.			13,462		692,620
Catamaran Corp.	*		171,486		9,093,903
DaVita HealthCare Partners, Inc.	*		116,612		13,829,017
HCA Holdings, Inc.			16,872		685,509
Health Management Associates, Inc., Class A	*		294,100		3,785,067
Henry Schein, Inc.	*		7,583		701,807
Laboratory Corp. of America Holdings	*		7,672		692,014
Patterson Cos., Inc.			17,825		678,063
Quest Diagnostics, Inc.			12,102		683,158
Team Health Holdings, Inc.	*		98,860		3,596,527
Tenet Healthcare Corp.	*		16,840		801,247
Universal Health Services, Inc., Class B			10,622		678,427

					35,917,359

Health Care Technology—0.3%
athenahealth, Inc.	*†		27,923		2,709,648
Cerner Corp.	*		7,343		695,749

					3,405,397


Vantagepoint Aggressive Opportunities Fund
			Shares		Value
COMMON STOCKS—(Continued)
Hotels, Restaurants & Leisure—1.5%
Bally Technologies, Inc.		*		13,239	$	688,031
Brinker International, Inc.				18,660		702,549
Chipotle Mexican Grill, Inc.		*		2,138		696,710
Choice Hotels International, Inc.	†			16,396		693,715
Darden Restaurants, Inc.				13,657		705,794
Dunkin’ Brands Group, Inc.				18,713		690,135
International Game Technology				41,394		683,001
Marriott International, Inc., Class A				15,671		661,786
Norwegian Cruise Line Holdings Ltd.		*		11,400		338,010
Panera Bread Co., Class A		*		21,462		3,546,381
Penn National Gaming, Inc.		*		12,453		677,817
Starwood Hotels & Resorts Worldwide, Inc.				10,938		697,079
Wyndham Worldwide Corp.				74,475		4,802,148
Wynn Resorts Ltd.				5,542		693,636

						16,276,792

Household Durables—0.5%
D.R. Horton, Inc.				27,964		679,525
Garmin Ltd. (Switzerland)	†			20,744		685,382
Jarden Corp.		*		33,884		1,451,929
NVR, Inc.		*		633		683,710
Tempur-Pedic International, Inc.		*		16,693		828,474
Tupperware Brands Corp.				8,357		683,101

						5,012,121

Household Products—0.5%
Church & Dwight Co., Inc.				65,298		4,220,210
Clorox Co. (The)				7,840		694,075

						4,914,285

Industrial Conglomerates—0.8%
Carlisle Cos., Inc.				10,450		708,406
Koninklijke Philips Electronics NV NYRS (Netherlands)				256,200		7,570,710

						8,279,116

Insurance—5.6%
Aflac, Inc.				44,400		2,309,688
Allied World Assurance Co.
Holdings AG (Switzerland)				7,432		689,095
Aon plc (United Kingdom)				138,269		8,503,544
Arch Capital Group Ltd. (Bermuda)		*		13,246		696,342
Arthur J. Gallagher & Co.				16,654		687,977
Assured Guaranty Ltd. (Bermuda)				184,800		3,808,728
Axis Capital Holdings Ltd. (Bermuda)				126,400		5,260,768
Brown & Brown, Inc.				21,430		686,617
Endurance Specialty Holdings Ltd. (Bermuda)				14,455		691,094
Erie Indemnity Co., Class A	†			9,144		690,646
Fairfax Financial Holdings Ltd. (Canada)				19,400		7,588,116
Hanover Insurance Group, Inc. (The)				14,105		700,736
Loews Corp.				221,400		9,757,098
RenaissanceRe Holdings Ltd. (Bermuda)				101,900		9,373,781
Travelers Cos., Inc. (The)				87,000		7,324,530


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
Validus Holdings Ltd. (Bermuda)			17,766	$	663,915

					59,432,675

Internet & Catalog Retail—0.8%
Expedia, Inc.			69,843		4,191,279
Groupon, Inc.	*†		109,785		671,884
HomeAway, Inc.	*		24,454		794,755
Liberty Interactive Corp., Series A	*		31,653		676,741
Liberty Ventures, Series A	*		9,133		690,272
Netflix, Inc.	*		5,173		979,818
TripAdvisor, Inc.	*		13,071		686,489

					8,691,238

Internet Software & Services—1.6%
Akamai Technologies, Inc.	*		19,428		685,614
Angie’s List, Inc.	*†		123,760		2,445,498
AOL, Inc.	*		17,442		671,342
CoStar Group, Inc.	*		30,854		3,377,279
Equinix, Inc.	*		3,079		666,018
ExactTarget, Inc.	*		133,200		3,099,564
IAC/InterActiveCorp			15,562		695,310
LinkedIn Corp., Class A	*		4,733		833,292
MercadoLibre, Inc. (Argentina)	†		23,268		2,246,758
Rackspace Hosting, Inc.	*		41,089		2,074,173
VeriSign, Inc.	*		14,531		687,026

					17,481,874

IT Services—6.0%
Alliance Data Systems Corp.	*†		87,911		14,231,912
Amdocs Ltd.			164,600		5,966,750
Broadridge Financial Solutions, Inc.			27,231		676,418
CoreLogic, Inc.	*		74,086		1,915,864
DST Systems, Inc.			9,639		686,972
Fiserv, Inc.	*		7,735		679,365
FleetCor Technologies, Inc.	*		46,156		3,538,781
Gartner, Inc.	*		117,856		6,412,545
Genpact Ltd.			37,979		690,838
Global Payments, Inc.			75,118		3,730,360
Jack Henry & Associates, Inc.			15,380		710,710
Lender Processing Services, Inc.			27,555		701,550
NeuStar, Inc., Class A	*		171,040		7,958,491
Paychex, Inc.			19,612		687,793
SAIC, Inc.			51,306		695,196
Teradata Corp.	*		55,332		3,237,475
Total System Services, Inc.			28,458		705,189
Vantiv, Inc., Class A	*		361,774		8,588,515
VeriFone Systems, Inc.	*		33,528		693,359
Western Union Co. (The)			45,903		690,381

					63,198,464

Leisure Equipment & Products—0.4%
Hasbro, Inc.	†		15,657		687,968
LeapFrog Enterprises, Inc.	*†		287,389		2,460,050
Mattel, Inc.			15,720		688,379
Polaris Industries, Inc.			7,414		685,721

					4,522,118

Life Sciences Tools & Services—1.2%
Agilent Technologies, Inc.			16,261		682,474
Bruker Corp.	*		221,187		4,224,672
Charles River Laboratories International, Inc.	*		15,499		686,141
Covance, Inc.	*		9,221		685,305
Illumina, Inc.	*†		63,103		3,407,562


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
Life Technologies Corp.	*		10,645	$	687,986
Mettler-Toledo International, Inc.	*		3,213		685,076
Techne Corp.			10,072		683,385
Waters Corp.	*		7,017		658,966

					12,401,567

Machinery—3.7%
Chart Industries, Inc.	*		36,365		2,909,564
Colfax Corp.	*†		77,627		3,612,760
Donaldson Co., Inc.			18,669		675,631
Flowserve Corp.			3,946		661,784
Graco, Inc.			77,787		4,513,980
IDEX Corp.			13,159		702,954
Ingersoll-Rand plc (Ireland)			12,858		707,318
ITT Corp.			24,100		685,163
Joy Global, Inc.			11,341		675,016
Lincoln Electric Holdings, Inc.			12,592		682,234
Manitowoc Co., Inc. (The)			33,078		680,084
Nordson Corp.			62,298		4,108,553
PACCAR, Inc.			13,651		690,194
Pall Corp.			44,413		3,036,517
Parker Hannifin Corp.			7,238		662,856
Snap-on, Inc.			8,318		687,899
SPX Corp.			8,829		697,138
Timken Co.			12,210		690,842
Toro Co. (The)			14,445		665,048
Valmont Industries, Inc.			4,310		677,834
WABCO Holdings, Inc.	*		74,295		5,244,484
Wabtec Corp.			46,953		4,794,371
Xylem, Inc.			24,981		688,476

					39,150,700

Marine—0.1%
Kirby Corp.	*		9,031		693,581
Matson, Inc.			28,126		691,899

					1,385,480

Media—3.7%
AMC Networks, Inc., Class A	*		54,743		3,458,663
Cablevision Systems Corp., Class A			45,786		684,958
Charter Communications, Inc., Class A	*		6,515		678,733
Cinemark Holdings, Inc.			23,904		703,734
Clear Channel Outdoor Holdings, Inc., Class A	*		86,858		650,566
DIRECTV	*		163,600		9,261,396
Discovery Communications, Inc., Class A	*		8,695		684,644
Discovery Communications, Inc., Class C	*		114,400		7,955,376
DISH Network Corp., Class A			17,079		647,294
Interpublic Group of Cos., Inc. (The)			52,391		682,655
John Wiley & Sons, Inc., Class A			17,828		694,579
Lamar Advertising Co., Class A	*		14,195		690,019
Liberty Global, Inc., Series A	*†		9,439		692,822
Liberty Media Corp.	*		6,213		693,557
Madison Square Garden Co. (The), Class A	*		12,136		699,034
Morningstar, Inc.			9,888		691,369
National CineMedia, Inc.			127,000		2,004,060
Omnicom Group, Inc.			11,689		688,482
Pandora Media, Inc.	*†		57,873		819,482


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
Regal Entertainment Group, Class A	†		41,016	$	683,737
Scripps Networks Interactive, Inc., Class A			10,645		684,899
Sirius XM Radio, Inc.	†		221,734		682,941
Starz - Liberty Capital	*		31,313		693,583
Virgin Media, Inc.			77,787		3,809,229

					39,635,812

Metals & Mining—0.7%
Allied Nevada Gold Corp.	*†		40,067		659,503
Carpenter Technology Corp.			13,790		679,709
Compass Minerals International, Inc.			8,712		687,377
Molycorp, Inc.	*†		125,321		651,669
Reliance Steel & Aluminum Co.			44,400		3,159,948
Royal Gold, Inc.			9,612		682,740
Steel Dynamics, Inc.			42,662		677,046
Tahoe Resources, Inc.	*		40,208		707,259

					7,905,251

Multiline Retail—0.4%
Big Lots, Inc.	*		19,171		676,161
Dollar General Corp.	*		13,420		678,784
Dollar Tree, Inc.	*		14,253		690,273
Family Dollar Stores, Inc.			11,484		678,130
Kohl’s Corp.			14,322		660,674
Macy’s, Inc.			16,207		678,101
Nordstrom, Inc.			12,487		689,657

					4,751,780

Office Electronics—0.1%
Zebra Technologies Corp., Class A	*		14,681		691,916

Oil, Gas & Consumable Fuels—6.0%
Cabot Oil & Gas Corp.			48,317		3,266,712
Cheniere Energy, Inc.	*		29,096		814,688
Chesapeake Energy Corp.	†		607,200		12,392,952
Cobalt International Energy, Inc.	*		25,216		711,091
Concho Resources, Inc.	*		36,268		3,533,591
CONSOL Energy, Inc.			250,300		8,422,595
Continental Resources, Inc.	*		7,813		679,184
Denbury Resources, Inc.	*		208,100		3,881,065
Golar LNG Ltd. (Bermuda)	†		18,603		687,567
Gulfport Energy Corp.	*		46,122		2,113,771
Kosmos Energy Ltd. (Bermuda)	*		60,412		682,656
Laredo Petroleum Holdings, Inc.	*†		37,344		683,022
Murphy Oil Corp.			129,400		8,246,662
Noble Energy, Inc.			6,140		710,152
Oasis Petroleum, Inc.	*		51,800		1,972,026
PBF Energy, Inc.			9,100		338,247
PDC Energy, Inc.	*		54,513		2,702,209
Pioneer Natural Resources Co.			5,377		668,092
Range Resources Corp.			8,337		675,631
SM Energy Co.			11,834		700,810
Southwestern Energy Co.	*		113,365		4,223,980
Whiting Petroleum Corp.	*		93,235		4,740,067
World Fuel Services Corp.			17,230		684,376

					63,531,146

Personal Products—0.2%
Avon Products, Inc.			33,258		689,438
Herbalife Ltd. (Cayman Islands)	†		18,102		677,920


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
Nu Skin Enterprises, Inc., Class A	†		15,359	$	678,868

					2,046,226

Pharmaceuticals—1.0%
Actavis, Inc.	*		7,521		692,759
Auxilium Pharmaceuticals, Inc.	*		97,300		1,681,344
Endo Health Solutions, Inc.	*		22,179		682,226
Mylan, Inc.	*		23,719		686,428
Perrigo Co.			5,913		702,050
Salix Pharmaceuticals Ltd.	*		81,259		4,158,836
Santarus, Inc.	*		66,100		1,145,513
Warner Chilcott plc, Class A (Ireland)			51,692		700,427
Zoetis, Inc.	*		10,500		350,700

					10,800,283

Professional Services—2.5%
Advisory Board Co. (The)	*		72,730		3,819,780
Dun & Bradstreet Corp. (The)	†		7,938		664,014
Equifax, Inc.			58,257		3,355,021
IHS, Inc., Class A	*		45,430		4,757,429
Nielsen Holdings NV			239,207		8,568,395
Robert Half International, Inc.			18,412		691,002
Verisk Analytics, Inc., Class A	*		79,292		4,886,766

					26,742,407

Real Estate Investment Trusts (REITs)—1.4%
American Campus Communities, Inc. REIT			15,058		682,730
Apartment Investment & Management Co., Class A REIT			22,557		691,598
Boston Properties, Inc. REIT			6,823		689,532
BRE Properties, Inc. REIT			14,126		687,654
Camden Property Trust REIT			9,387		644,699
Digital Realty Trust, Inc. REIT	†		10,173		680,675
Equity Lifestyle Properties, Inc. REIT			9,280		712,704
Essex Property Trust, Inc. REIT			4,576		689,054
Extra Space Storage, Inc. REIT			16,881		662,917
Federal Realty Investment Trust REIT			6,325		683,353
HCP, Inc. REIT			13,477		671,963
Home Properties, Inc. REIT			10,783		683,858
Kilroy Realty Corp. REIT			13,029		682,720
Mid-America Apartment Communities, Inc. REIT			9,414		650,131
Plum Creek Timber Co., Inc. REIT			13,220		690,084
Post Properties, Inc. REIT			14,491		682,526
Rayonier, Inc. REIT			11,848		706,970
Regency Centers Corp. REIT			13,179		697,301
Tanger Factory Outlet Centers, Inc. REIT			19,033		688,614
Taubman Centers, Inc. REIT			8,934		693,814
Weyerhaeuser Co. REIT			21,904		687,348

					14,360,245

Real Estate Management & Development—1.1%
Alexander & Baldwin, Inc.	*		19,236		687,687
CBRE Group, Inc., Class A	*		197,491		4,986,648
Jones Lang LaSalle, Inc.			29,300		2,912,713
Realogy Holdings Corp.	*		13,900		678,876
St. Joe Co. (The)	*†		31,970		679,362


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
Zillow, Inc., Class A	*†		37,107	$	2,028,640

					11,973,926

Road & Rail—1.8%
Canadian Pacific Railway Ltd. (Canada)	†		11,100		1,448,217
Con-way, Inc.			19,515		687,123
Hertz Global Holdings, Inc.	*		240,041		5,343,313
J.B. Hunt Transport Services, Inc.			9,204		685,514
Kansas City Southern			96,923		10,748,761
Landstar System, Inc.			11,727		669,494

					19,582,422

Semiconductors & Semiconductor Equipment—2.1%
Advanced Micro Devices, Inc.	*†		270,805		690,553
Altera Corp.			114,443		4,059,293
Analog Devices, Inc.			14,545		676,197
ASML Holding NV NYRS (Netherlands)	†		44,450		3,023,044
Atmel Corp.	*		97,509		678,663
Avago Technologies Ltd. (Singapore)			19,389		696,453
Cypress Semiconductor Corp.	*†		59,194		652,910
EZchip Semiconductor Ltd. (Israel)	*		61,238		1,477,673
Freescale Semiconductor Ltd.	*†		47,162		702,242
Lam Research Corp.	*		16,074		666,428
Linear Technology Corp.			17,938		688,281
LSI Corp.	*		101,442		687,777
Maxim Integrated Products, Inc.			119,029		3,886,297
Microchip Technology, Inc.			19,371		712,078
Silicon Laboratories, Inc.	*		16,874		697,909
Skyworks Solutions, Inc.	*		30,397		669,646
Teradyne, Inc.	*		43,021		697,800
Xilinx, Inc.			17,166		655,226

					22,018,470

Software—6.1%
ACI Worldwide, Inc.	*		78,163		3,819,044
ANSYS, Inc.	*		37,657		3,066,033
Aspen Technology, Inc.	*		181,399		5,857,374
Autodesk, Inc.	*		17,248		711,308
BMC Software, Inc.	*		14,930		691,707
BroadSoft, Inc.	*†		92,571		2,450,354
CA, Inc.			27,706		697,360
Cadence Design Systems, Inc.	*		49,454		688,894
Check Point Software Technologies Ltd. (Israel)	*		43,400		2,039,366
Citrix Systems, Inc.	*		63,903		4,611,241
CommVault Systems, Inc.	*		56,845		4,660,153
Compuware Corp.	*		56,560		707,000
Concur Technologies, Inc.	*†		10,089		692,711
FactSet Research Systems, Inc.	†		7,352		680,795
Fortinet, Inc.	*		116,258		2,752,989
Guidewire Software, Inc.	*		95,300		3,663,332
Informatica Corp.	*		91,401		3,150,592
Intuit, Inc.			10,190		668,974
MICROS Systems, Inc.	*		60,874		2,770,376
NetSuite, Inc.	*		8,601		688,596
Nuance Communications, Inc.	*†		34,006		686,241
Red Hat, Inc.	*		13,666		690,953
Rovi Corp.	*		32,182		689,017
ServiceNow, Inc.	*†		99,890		3,616,018
SolarWinds, Inc.	*		47,481		2,806,127
Solera Holdings, Inc.			72,991		4,257,565


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
Splunk, Inc.	*		92,064	$	3,685,322
Symantec Corp.	*		27,847		687,264
Synopsys, Inc.	*		19,465		698,404
TIBCO Software, Inc.	*		33,601		679,412
Workday, Inc., Class A	*†		11,300		696,419
Zynga, Inc., Class A	*†		203,845		684,919

					64,945,860

Specialty Retail—4.5%
Aaron’s, Inc.			23,825		683,301
Advance Auto Parts, Inc.			8,434		697,070
American Eagle Outfitters, Inc.			37,008		692,050
Ascena Retail Group, Inc.	*		37,231		690,635
AutoNation, Inc.	*		15,497		677,994
AutoZone, Inc.	*		1,770		702,283
Bed Bath & Beyond, Inc.	*		10,515		677,376
CarMax, Inc.	*		16,474		686,966
Chico’s FAS, Inc.			214,347		3,601,030
Dick’s Sporting Goods, Inc.			14,503		685,992
DSW, Inc., Class A			61,591		3,929,506
Foot Locker, Inc.			20,000		684,800
Gap, Inc. (The)			19,850		702,690
GNC Holdings, Inc., Class A			229,801		9,026,583
L Brands, Inc.			13,227		590,718
Lumber Liquidators Holdings, Inc.	*†		42,000		2,949,240
O’Reilly Automotive, Inc.	*		49,735		5,100,324
PetSmart, Inc.			10,950		679,995
Ross Stores, Inc.			11,325		686,521
Sally Beauty Holdings, Inc.	*		169,654		4,984,435
Tiffany & Co.	†		44,294		3,080,205
Tractor Supply Co.			38,887		4,049,303
Ulta Salon Cosmetics & Fragrance, Inc.	*		8,506		690,432
Urban Outfitters, Inc.	*		17,423		674,967
Williams-Sonoma, Inc.			13,412		690,986

					48,315,402

Textiles, Apparel & Luxury Goods—2.1%
Carter’s, Inc.	*		11,975		685,808
Coach, Inc.			55,800		2,789,442
Deckers Outdoor Corp.	*†		13,025		725,362
Fossil, Inc.	*		7,222		697,645
Hanesbrands, Inc.	*		109,116		4,971,325
Michael Kors Holdings Ltd. (Hong Kong)	*		12,323		699,823
Movado Group, Inc.			42,400		1,421,248
PVH Corp.			46,589		4,976,171
Ralph Lauren Corp.			4,040		684,013
Under Armour, Inc., Class A	*		85,752		4,390,503
V.F. Corp.			4,113		689,956

					22,731,296

Thrifts & Mortgage Finance—0.1%
People’s United Financial, Inc.	†		50,521		679,002

Tobacco—0.1%
Lorillard, Inc.			16,855		680,099

Trading Companies & Distributors—1.2%
Fastenal Co.			13,113		673,353
MRC Global, Inc.	*		108,777		3,582,027
MSC Industrial Direct Co., Inc., Class A			8,192		702,710
United Rentals, Inc.	*		12,768		701,857


Vantagepoint Aggressive Opportunities Fund
		Shares		Value
COMMON STOCKS—(Continued)
W.W. Grainger, Inc.			16,682	$	3,753,116
WESCO International, Inc.	*		42,420		3,080,116

					12,493,179

Water Utilities—0.1%
Aqua America, Inc.			22,016		692,183

Wireless Telecommunication Services—1.9%
Crown Castle International Corp.	*		9,708		676,065
SBA Communications Corp., Class A	*		270,840		19,505,897

					20,181,962

TOTAL COMMON STOCKS (Cost $853,804,834)					1,027,259,491

MONEY MARKET FUNDS—10.8%
Institutional Money Market Funds—10.8%
Dreyfus Institutional Cash Advantage Fund, 0.07%	††¥		14,300,000		14,300,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%	¥		33,993,975		33,993,974
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%	††¥		8,751,753		8,751,753
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.10%	††¥		14,800,000		14,800,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.11%	††¥		15,800,000		15,800,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.13%	††¥		12,300,000		12,300,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.12%	††¥		14,300,000		14,300,000

TOTAL MONEY MARKET FUNDS (Cost $114,245,727)					114,245,727

TOTAL INVESTMENTS—107.6% (Cost $968,050,561)					1,141,505,218
Other assets less liabilities—(7.6%)					(80,366,139	)

NET ASSETS—100.0%			$1,061,139,079

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—48.9%
Aerospace & Defense—1.2%
Astronics Corp.	*		53,000	$	1,580,460
Astronics Corp., Class B	*		6,375		187,489
DigitalGlobe, Inc.	*		31,495		910,520

					2,678,469

Auto Components—0.4%
Standard Motor Products, Inc.			28,600		792,792

Automobiles—0.6%
Tesla Motors, Inc.	*†		37,500		1,420,875

Biotechnology—3.1%
Arena Pharmaceuticals, Inc.	*†		172,658		1,417,522
Incyte Corp. Ltd.	*†		62,400		1,460,784
Ironwood Pharmaceuticals, Inc.	*		78,600		1,437,594
NPS Pharmaceuticals, Inc.	*		146,500		1,492,835
Rigel Pharmaceuticals, Inc.	*		173,000		1,174,670

					6,983,405

Capital Markets—1.1%
Artisan Partners Asset Management, Inc.	*		1,100		43,395
BGC Partners, Inc., Class A			305,300		1,270,048
Fifth Street Finance Corp.			104,300		1,149,386

					2,462,829

Chemicals—1.2%
ADA-ES, Inc.	*†		54,500		1,448,065
LSB Industries, Inc.	*		35,900		1,248,602

					2,696,667

Commercial Banks—0.6%
Hudson Valley Holding Corp.			91,589		1,365,592

Commercial Services & Supplies—0.4%
Performant Financial Corp.	*		72,200		886,616

Communications Equipment—3.4%
Arris Group, Inc.	*		65,400		1,122,918
Emulex Corp.	*		182,400		1,191,072
Extreme Networks, Inc.	*		333,500		1,123,895
Mitel Networks Corp. (Canada)	*		379,470		1,479,933
NETGEAR, Inc.	*		39,600		1,326,996
Parkervision, Inc.	*†		414,640		1,521,729

					7,766,543

Construction & Engineering—1.0%
EMCOR Group, Inc.			26,500		1,123,335
Michael Baker Corp.			48,800		1,195,600

					2,318,935

Consumer Finance—1.2%
DFC Global Corp.	*		77,800		1,294,592
Regional Management Corp.	*		75,999		1,535,180

					2,829,772

Diversified Consumer Services—0.6%
Steiner Leisure Ltd. (Bahamas)	*		28,500		1,378,260

Electric Utilities—1.4%
Portland General Electric Co.			34,200		1,037,286
UNS Energy Corp.			22,400		1,096,256
Westar Energy, Inc.			30,200		1,002,036

					3,135,578

Electronic Equipment, Instruments & Components—0.9%
Park Electrochemical Corp.			39,400		998,396


Vantagepoint Discovery Fund
		Shares		Value
COMMON STOCKS—(Continued)
TTM Technologies, Inc.	*		133,700	$	1,016,120

					2,014,516

Energy Equipment & Services—0.8%
C&J Energy Services, Inc.	*		3,500		80,150
C&J Energy Services, Inc.	*^‡		77,100		1,765,590

					1,845,740

Food Products—0.5%
Darling International, Inc.	*		67,700		1,215,892

Health Care Equipment & Supplies—2.6%
Globus Medical, Inc., Class A	*†		113,443		1,665,343
Greatbatch, Inc.	*		42,900		1,281,423
ICU Medical, Inc.	*		20,300		1,196,685
Merit Medical Systems, Inc.	*		61,300		751,538
Orthofix International NV (Netherlands Antilles)	*		30,000		1,076,100

					5,971,089

Health Care Providers & Services—1.8%
Amsurg Corp.	*		29,200		982,288
Ensign Group, Inc. (The)			33,300		1,112,220
LHC Group, Inc.	*		44,200		949,858
MEDNAX, Inc.	*		12,600		1,129,338

					4,173,704

Hotels, Restaurants & Leisure—2.1%
Del Frisco’s Restaurant Group, Inc.	*		80,000		1,328,000
Ignite Restaurant Group, Inc.	*		75,000		1,101,000
Red Robin Gourmet Burgers, Inc.	*		26,000		1,185,600
Whistler Blackcomb Holdings, Inc. (Canada)	*‡		17,100		226,743
Whistler Blackcomb Holdings, Inc. (Canada)			64,100		849,955

					4,691,298

Industrial Conglomerates—0.5%
Carlisle Cos., Inc.			17,900		1,213,441

Internet Software & Services—0.4%
Bankrate, Inc.	*		76,900		918,186

Leisure Equipment & Products—0.5%
LeapFrog Enterprises, Inc.	*†		127,000		1,087,120

Machinery—2.8%
Altra Holdings, Inc.			43,900		1,194,958
John Bean Technologies Corp.			51,200		1,062,400
Luxfer Holdings plc ADR (United Kingdom)			95,192		1,474,524
Titan International, Inc.	†		64,000		1,349,120
Wabash National Corp.	*		125,200		1,272,032

					6,353,034

Metals & Mining—1.6%
Allied Nevada Gold Corp.	*		44,200		727,532
New Gold, Inc. (Canada)	*		128,300		1,167,530
Romarco Minerals, Inc. (Canada)	*		916,150		739,522
Universal Stainless & Alloy Products, Inc.	*		24,600		894,210

					3,528,794

Oil, Gas & Consumable Fuels—3.0%
Berry Petroleum Co., Class A			14,700		680,463
BPZ Resources, Inc.	*†		518,500		1,176,995
Diamondback Energy, Inc.	*		55,100		1,478,884


Vantagepoint Discovery Fund
		Shares		Value
COMMON STOCKS—(Continued)
EPL Oil & Gas, Inc.	*		44,500	$	1,193,045
Karoon Gas Australia Ltd. (Australia)	*		182,040		983,487
Warren Resources, Inc.	*		372,100		1,194,441

					6,707,315

Pharmaceuticals—0.5%
Medicines Co. (The)	*		33,200		1,109,544

Real Estate Investment Trusts (REITs)—3.2%
Capstead Mortgage Corp. REIT			78,700		1,008,934
Gladstone Commercial Corp. REIT	†		49,900		971,553
Medical Properties Trust, Inc. REIT			86,400		1,385,856
Pebblebrook Hotel Trust REIT			47,000		1,212,130
STAG Industrial, Inc. REIT			60,800		1,293,216
Summit Hotel Properties, Inc. REIT			136,400		1,428,108

					7,299,797

Real Estate Management & Development—0.5%
Brasil Brokers Participacoes SA (Brazil)			342,900		1,228,552

Road & Rail—0.4%
Quality Distribution, Inc.	*		119,500		1,004,995

Software—1.6%
Actuate Corp.	*		205,500		1,233,000
Allot Communications Ltd. (Israel)	*		108,500		1,295,490
SeaChange International, Inc.	*		96,593		1,148,491

					3,676,981

Specialty Retail—3.0%
Cato Corp. (The), Class A			56,600		1,366,324
Destination Maternity Corp.			60,900		1,425,060
Finish Line, Inc. (The), Class A			74,700		1,463,373
rue21 inc	*		48,600		1,428,354
Shoe Carnival, Inc.			53,250		1,088,430

					6,771,541

Textiles, Apparel & Luxury Goods—0.5%
Skechers U.S.A., Inc., Class A	*		55,000		1,163,250

Thrifts & Mortgage Finance—2.4%
EverBank Financial Corp.			87,900		1,353,660
Flushing Financial Corp.			74,417		1,260,624
Home Loan Servicing Solutions Ltd. (Cayman Islands)			57,000		1,329,810
WSFS Financial Corp.			30,200		1,468,928

					5,413,022

Trading Companies & Distributors—3.1%
CAI International, Inc.	*		49,400		1,423,708
H&E Equipment Services, Inc.			62,845		1,282,038
SeaCube Container Leasing Ltd.			57,253		1,314,529
TAL International Group, Inc.			34,153		1,547,472
Textainer Group Holdings Ltd. (Bermuda)	†		34,500		1,364,475

					6,932,222

TOTAL COMMON STOCKS (Cost $88,934,945)					111,036,366


Vantagepoint Discovery Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—25.1%
Aerospace & Defense—0.2%
United Technologies Corp.
0.787%		06/01/2015	#	$	545,000	$	550,630

Auto Components—0.1%
Johnson Controls, Inc.
0.708%		02/04/2014	#		290,000		290,877

Automobiles—0.5%
Daimler Finance North America LLC
1.300%		07/31/2015	^		490,000		493,582
1.250%		01/11/2016	^		240,000		240,986
Nissan Motor Acceptance Corp.
1.000%		03/15/2016	^		440,000		439,905

							1,174,473

Beverages—0.7%
Coca-Cola Enterprises, Inc.
1.125%		11/12/2013			530,000		532,426
PepsiCo, Inc.
0.700%		08/13/2015			1,000,000		1,002,082

							1,534,508

Biotechnology—0.2%
Amgen, Inc.
1.875%		11/15/2014			330,000		336,645
Gilead Sciences, Inc.
2.400%		12/01/2014			140,000		143,921

							480,566

Capital Markets—1.5%
Bank of New York Mellon Corp. (The) MTN
2.500%		01/15/2016			525,000		549,827
1.200%		02/20/2015			100,000		101,177
E*TRADE Financial Corp.
6.000%		11/15/2017			190,000		199,737
Goldman Sachs Group, Inc. (The)
1.296%		02/07/2014	#		570,000		572,901
Morgan Stanley
1.538%		02/25/2016	#		450,000		452,237
1.280%		04/29/2013	#		610,000		610,305
Nomura Holdings, Inc. MTN (Japan)
1.730%		09/13/2016	#		500,000		501,920
TD Ameritrade Holding Corp.
4.150%		12/01/2014			410,000		432,697

							3,420,801

Chemicals—0.2%
Ashland, Inc.
3.000%		03/15/2016	^		400,000		408,000
Ecolab, Inc.
2.375%		12/08/2014			110,000		113,033

							521,033

Commercial Banks—3.4%
ANZ New Zealand Int’l Ltd. (New Zealand)
1.125%		03/24/2016	^		280,000		280,879
Banco Bradesco SA (Brazil)
2.390%		05/16/2014	#^		300,000		303,780
Banco de Credito del Peru (Peru)
4.750%		03/16/2016	^		420,000		453,600
Bank of Ceylon (Sri Lanka)
6.875%		05/03/2017	^		200,000		211,500
Bank of Tokyo-Mitsubishi UFJ Ltd. (The) (Japan)
0.738%		02/26/2016	#^		480,000		480,066


Vantagepoint Discovery Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
BB&T Corp. MTN
3.375%		09/25/2013		$	200,000	$	202,937
1.600%		08/15/2017			150,000		151,617
Capital One Financial Corp.
2.125%		07/15/2014			340,000		345,427
CIT Group, Inc.
4.750%		02/15/2015	^		270,000		283,500
Discover Bank
2.000%		02/21/2018			650,000		652,710
ING Bank NV (Netherlands)
3.750%		03/07/2017	^		500,000		533,303
KeyBank NA, Bank Note
4.950%		09/15/2015			200,000		217,946
KeyCorp MTN
3.750%		08/13/2015			230,000		245,217
Royal Bank of Scotland Group plc (United Kingdom)
2.550%		09/18/2015	†		695,000		714,739
Svenska Handelsbanken AB (Sweden)
0.732%		03/21/2016	#		540,000		540,316
US Bancorp
4.200%		05/15/2014			500,000		521,371
US Bank NA, Bank Note
0.585%		10/14/2014	#		400,000		401,010
Wachovia Bank NA, Bank Note
4.800%		11/01/2014			545,000		579,544
Wells Fargo & Co. MTN
2.100%		05/08/2017			100,000		103,222
Westpac Banking Corp. MTN (Australia)
0.950%		01/12/2016			390,000		391,719

							7,614,403

Communications Equipment—0.4%
Cisco Systems, Inc.
0.531%		03/14/2014	#		680,000		682,041
SBA Communications Corp.
5.625%		10/01/2019	^		150,000		154,875

							836,916

Computers & Peripherals—0.1%
Hewlett-Packard Co.
1.830%		09/19/2014	#		300,000		303,068

Consumer Finance—2.0%
Ally Financial, Inc.
4.625%		06/26/2015			480,000		502,488
American Express Credit Corp. MTN
5.125%		08/25/2014			300,000		318,816
1.750%		06/12/2015			100,000		102,233
American Honda Finance Corp.
1.000%		08/11/2015	^		150,000		150,625
Caterpillar Financial Services Corp.
0.700%		11/06/2015			150,000		150,227
Caterpillar Financial Services Corp. MTN
1.375%		05/20/2014			360,000		363,992
Ford Motor Credit Co. LLC
3.875%		01/15/2015			470,000		488,807
General Motors Financial Co., Inc.
4.750%		08/15/2017	^		350,000		365,384
International Lease Finance Corp.
6.500%		09/01/2014	^		200,000		214,000
4.875%		04/01/2015			210,000		221,025
John Deere Capital Corp.
0.700%		09/04/2015			280,000		280,530


Vantagepoint Discovery Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
John Deere Capital Corp. MTN
1.600%		03/03/2014		$	270,000	$	273,143
PACCAR Financial Corp. MTN
1.550%		09/29/2014			210,000		213,610
1.050%		06/05/2015			90,000		91,007
RCI Banque SA (France)
2.175%		04/11/2014	#^		800,000		799,961

							4,535,848

Diversified Financial Services—3.3%
Bank of America Corp.
3.700%		09/01/2015			425,000		448,186
Bank of America Corp. MTN
1.354%		03/22/2018	#		590,000		590,137
1.250%		01/11/2016			190,000		189,335
Bank of America Corp., Series 1
3.750%		07/12/2016			130,000		138,371
Citigroup, Inc.
6.000%		12/13/2013			175,000		181,345
4.450%		01/10/2017			225,000		247,927
2.250%		08/07/2015			500,000		512,086
1.084%		04/01/2016	#		540,000		540,712
Equifax, Inc.
4.450%		12/01/2014			80,000		84,261
ERAC USA Finance LLC
2.250%		01/10/2014	^		400,000		404,775
General Electric Capital Corp.
5.900%		05/13/2014			260,000		275,563
2.150%		01/09/2015			240,000		246,222
1.625%		07/02/2015			400,000		407,055
General Electric Capital Corp. MTN
0.935%		04/07/2014	#		300,000		301,228
General Electric Capital Corp., Series A
3.750%		11/14/2014			390,000		409,693
Harley-Davidson Financial Services, Inc.
1.150%		09/15/2015	^		160,000		160,653
JPMorgan Chase & Co.
4.750%		05/01/2013			350,000		351,218
1.201%		01/25/2018	#		280,000		282,171
JPMorgan Chase & Co. MTN
1.875%		03/20/2015			105,000		107,048
1.102%		01/24/2014	#		540,000		543,345
1.100%		10/15/2015			250,000		250,511
NASDAQ OMX Group, Inc. (The)
4.000%		01/15/2015			460,000		480,792
National Rural Utilities Cooperative Finance Corp.
1.125%		11/01/2013			215,000		215,937
1.000%		02/02/2015			200,000		201,999

							7,570,570

Diversified Telecommunication Services—1.2%
AT&T, Inc.
0.875%		02/13/2015			780,000		781,927
Telecom Italia Capital SA (Luxembourg)
5.250%		11/15/2013			105,000		107,205
Telefonica Emisiones SAU (Spain)
2.582%		04/26/2013			490,000		490,603
Verizon Communications, Inc.
0.700%		11/02/2015			210,000		209,085
0.481%		03/06/2015	#^		300,000		300,027
Vivendi SA (France)
2.400%		04/10/2015	^		280,000		285,944


Vantagepoint Discovery Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Windstream Corp.
8.125%		08/01/2013		$	70,000	$	71,488
7.875%		11/01/2017			340,000		390,150

							2,636,429

Electric Utilities—0.5%
Cia de Eletricidade do Estado da Bahia (Brazil)
11.750%		04/27/2016	^		BRL 450,000		233,623
GDF Suez (France)
1.625%		10/10/2017	^		120,000		120,751
Georgia Power Co.
0.750%		08/10/2015			500,000		502,088
NextEra Energy Capital Holdings, Inc.
1.611%		06/01/2014			180,000		181,744
1.200%		06/01/2015			80,000		80,648

							1,118,854

Electronic Equipment, Instruments & Components—0.2%
Tech Data Corp.
3.750%		09/21/2017	†		540,000		563,010

Food & Staples Retailing—0.4%
Kroger Co. (The)
2.200%		01/15/2017			500,000		516,931
Walgreen Co.
1.000%		03/13/2015			210,000		210,521
0.780%		03/13/2014	#		120,000		120,351

							847,803

Food Products—0.8%
ConAgra Foods, Inc.
1.350%		09/10/2015			70,000		70,552
1.300%		01/25/2016			110,000		110,946
General Mills, Inc.
5.250%		08/15/2013			750,000		763,392
0.875%		01/29/2016			90,000		90,366
0.601%		01/29/2016	#		90,000		90,140
Kellogg Co.
1.125%		05/15/2015			350,000		353,481
Kraft Foods Group, Inc.
1.625%		06/04/2015			150,000		152,393
Mondelez International, Inc.
5.250%		10/01/2013			140,000		143,230

							1,774,500

Gas Utilities—0.2%
Sabine Pass LNG LP
7.500%		11/30/2016			370,000		410,700

Health Care Equipment & Supplies—0.3%
DENTSPLY International, Inc.
1.790%		08/15/2013	#		280,000		281,168
Stryker Corp.
3.000%		01/15/2015			300,000		313,456

							594,624

Health Care Providers & Services—0.7%
Express Scripts Holding Co.
2.750%		11/21/2014			500,000		515,201
HCA, Inc.
6.750%		07/15/2013			80,000		81,350
Quest Diagnostics, Inc.
1.134%		03/24/2014	#		160,000		160,828
UnitedHealth Group, Inc.
1.400%		10/15/2017			100,000		100,835


Vantagepoint Discovery Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
WellPoint, Inc.
2.375%		02/15/2017		$	465,000	$	482,181
1.250%		09/10/2015			190,000		191,686

							1,532,081

Hotels, Restaurants & Leisure—0.1%
McDonald’s Corp. MTN
0.750%		05/29/2015			190,000		191,176

Household Durables—0.1%
Lennar Corp.
4.750%		12/15/2017			250,000		263,125

Industrial Conglomerates—0.2%
Danaher Corp.
0.532%		06/21/2013	#		500,000		500,243

Insurance—0.9%
Allstate Corp. (The)
6.200%		05/16/2014			300,000		318,395
American International Group, Inc.
2.375%		08/24/2015			150,000		153,960
MetLife, Inc.
2.375%		02/06/2014			190,000		193,069
Metropolitan Life Global Funding I
1.055%		01/10/2014	#^		700,000		703,808
New York Life Global Funding
0.543%		04/04/2014	#^		500,000		501,683
Principal Life Global Funding II
1.000%		12/11/2015	^		230,000		230,786

							2,101,701

Internet & Catalog Retail—0.3%
Amazon.com, Inc.
0.650%		11/27/2015	†		400,000		399,779
eBay, Inc.
0.700%		07/15/2015			220,000		221,143

							620,922

Internet Software & Services—0.1%
Baidu, Inc. (Cayman Islands)
2.250%		11/28/2017			200,000		202,931

IT Services—0.3%
Computer Sciences Corp.
2.500%		09/15/2015			100,000		102,759
International Business Machines Corp.
0.550%		02/06/2015			610,000		611,218

							713,977

Life Sciences Tools & Services—0.2%
Howard Hughes Medical Institute
3.450%		09/01/2014			400,000		418,832

Machinery—0.1%
Case New Holland, Inc.
7.750%		09/01/2013			200,000		205,300
Tyco Electronics Group SA (Luxembourg)
1.600%		02/03/2015			100,000		101,231

							306,531

Media—0.4%
CC Holdings GS V LLC
2.381%		12/15/2017	^		130,000		130,986
DISH DBS Corp.
4.625%		07/15/2017			245,000		255,412


Vantagepoint Discovery Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
NBCUniversal Enterprise, Inc.
0.965%		04/15/2018	#^	$	240,000	$	239,530
Viacom, Inc.
4.375%		09/15/2014			200,000		210,373

							836,301

Metals & Mining—0.7%
ArcelorMittal (Luxembourg)
4.250%		08/05/2015	†		350,000		363,975
FMG Resources August 2006 Pty Ltd. (Australia)
6.000%		04/01/2017	^†		280,000		289,100
Freeport-McMoRan Copper & Gold, Inc.
1.400%		02/13/2015			100,000		100,771
Xstrata Finance Canada Ltd. (Canada)
2.450%		10/25/2017	^		800,000		811,763

							1,565,609

Multiline Retail—0.3%
Target Corp.
0.473%		07/18/2014	#		700,000		701,639

Multi-Utilities—0.2%
DTE Energy Co.
0.987%		06/03/2013	#		370,000		370,368

Oil, Gas & Consumable Fuels—1.0%
Chesapeake Energy Corp.
7.625%		07/15/2013	†		165,000		168,300
ConocoPhillips
4.750%		02/01/2014			53,000		54,915
CONSOL Energy, Inc.
8.000%		04/01/2017			100,000		108,250
Enterprise Products Operating LLC
1.250%		08/13/2015			100,000		100,790
Marathon Oil Corp.
0.900%		11/01/2015			220,000		219,603
Murphy Oil Corp.
2.500%		12/01/2017			250,000		251,312
Phillips 66
1.950%		03/05/2015			230,000		235,163
Rockies Express Pipeline LLC
3.900%		04/15/2015	^		290,000		293,625
Sibur Securities Ltd. (Ireland)
3.914%		01/31/2018	^		250,000		246,875
Tesoro Corp.
4.250%		10/01/2017	†		260,000		273,000
WPX Energy, Inc.
5.250%		01/15/2017	†		355,000		373,638

							2,325,471

Paper & Forest Products—0.1%
Masco Corp.
4.800%		06/15/2015			165,000		173,839

Pharmaceuticals—0.6%
AbbVie, Inc.
1.750%		11/06/2017	^		520,000		526,903
1.200%		11/06/2015	^		520,000		524,374
Valeant Pharmaceuticals International
6.500%		07/15/2016	^		400,000		419,500

							1,470,777

Real Estate Investment Trusts (REITs)—0.9%
HCP, Inc.
2.700%		02/01/2014			570,000		579,052


Vantagepoint Discovery Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Health Care REIT, Inc.
6.000%		11/15/2013		$	370,000	$	381,776
Simon Property Group LP
4.200%		02/01/2015			90,000		94,977
Ventas Realty LP/Ventas Capital Corp.
2.000%		02/15/2018			520,000		523,541
Vornado Realty LP
4.250%		04/01/2015			470,000		497,009

							2,076,355

Road & Rail—0.4%
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.
4.875%		11/15/2017	^†		270,000		278,437
Penske Truck Leasing Co. Lp/PTL Finance Corp.
3.125%		05/11/2015	^		300,000		310,565
2.500%		03/15/2016	^		230,000		235,746

							824,748

Semiconductors & Semiconductor Equipment—0.3%
Intel Corp.
1.350%		12/15/2017			70,000		70,318
Texas Instruments, Inc.
0.450%		08/03/2015			420,000		419,115
TSMC Global Ltd. (Virgin Islands, British)
1.625%		04/03/2018	^		200,000		199,708

							689,141

Software—0.5%
Autodesk, Inc.
1.950%		12/15/2017			150,000		148,730
Microsoft Corp.
2.950%		06/01/2014			500,000		515,517
Oracle Corp.
3.750%		07/08/2014			480,000		500,119

							1,164,366

Textiles, Apparel & Luxury Goods—0.1%
VF Corp.
1.038%		08/23/2013	#		300,000		300,950

Thrifts & Mortgage Finance—0.1%
Astoria Financial Corp.
5.000%		06/19/2017			240,000		257,247

Tobacco—0.0%
Reynolds American, Inc.
1.050%		10/30/2015			100,000		100,099

Trading Companies & Distributors—0.2%
AmeriGas Partners LP/AmeriGas Finance Corp.
6.250%		08/20/2019			260,000		278,200
Aviation Capital Group Corp.
4.625%		01/31/2018	^		160,000		165,246

							443,446

Wireless Telecommunication Services—0.1%
America Movil SAB de CV (Mexico)
3.625%		03/30/2015			130,000		136,930

TOTAL CORPORATE OBLIGATIONS (Cost $56,067,367)							57,068,418


Vantagepoint Discovery Fund
Coupon Rate	Maturity Date				Face		Value
MORTGAGE-BACKED SECURITIES—3.2%
Commercial Mortgage-Backed Securities—0.1%
National Credit Union Administration Guaranteed Notes, Series 2010-C1, Class A1
1.600%		10/29/2020			$	351,637	$	358,180

Non-Agency Mortgage-Backed Securities—1.8%
GSAMP Trust, Series 2004-SEA2, Class M1
0.854%		03/25/2034		#		600,000		593,600
HarborView Mortgage Loan Trust, Series 2005-14, Class 3A1A
2.974%		12/19/2035		#		619,700		533,572
Sequoia Mortgage Trust, Series 2012-2, Class A2
3.500%		04/25/2042		#		610,321		627,936
Sequoia Mortgage Trust, Series 2013-1, Class 1A1
1.450%		02/25/2043		#		465,795		466,195
Sequoia Mortgage Trust, Series 2013-4, Class A3
1.550%		04/25/2043		#		440,000		440,513
Springleaf Mortgage Loan Trust, Series 2012-3A, Class A
1.570%		12/25/2059		#^		361,108		362,521
Thornburg Mortgage Securities Trust, Series 2004-1, Class II2A
1.822%		03/25/2044		#		928,753		930,412
WaMu Mortgage Pass Through Certificates, Series 2006-AR12, Class 1A1
2.757%		10/25/2036		#		97,282		83,224

								4,037,973

U.S. Government Agency Mortgage-Backed Securities—1.3%
Federal National Mortgage Association
3.000%		10/01/2042				1,474,138		1,522,136
National Credit Union Administration Guaranteed Notes, Series 2010-R1, Class 1A
0.653%		10/07/2020		#		549,076		550,794
National Credit Union Administration Guaranteed Notes, Series 2011-R6, Class 1A
0.583%		05/07/2020		#		848,283		849,940

								2,922,870

TOTAL MORTGAGE-BACKED SECURITIES (Cost $7,380,812)								7,319,023

CONVERTIBLE DEBT OBLIGATIONS—0.0%
Real Estate Management & Development—0.0%
Grubb & Ellis Co.
7.950%		05/01/2015		^D
(Cost $282,859)						299,000		1,196

U.S. TREASURY OBLIGATIONS—13.4%
U.S. Treasury Notes—13.4%
U.S. Treasury Note
0.375%		01/15/2016 03/15/2016	-			9,025,000		9,034,394
0.375%		11/15/2014		‡‡		6,590,000		6,606,732
0.250%		11/30/2014 05/15/2015	-			14,839,000		14,841,220

								30,482,346

TOTAL U.S. TREASURY OBLIGATIONS (Cost $30,403,829)								30,482,346


Vantagepoint Discovery Fund
Coupon Rate	Maturity Date			Face		Value
GOVERNMENT RELATED OBLIGATIONS—3.5%
U.S. Government Agencies—2.6%
Federal Home Loan Mortgage Corp.
1.000%		07/30/2014	‡‡	$	2,000,000	$	2,021,722
Federal National Mortgage Association
1.125%		06/27/2014	‡‡		2,000,000		2,023,488
0.500%		03/30/2016			1,140,000		1,142,162
National Credit Union Administration Guaranteed Notes, Series A1
0.222%		06/12/2013	#		570,000		569,989
National Credit Union Administration Guaranteed Notes, Series A2
1.400%		06/12/2015			180,000		184,041

							5,941,402

Non-U.S. Government Agencies—0.2%
IPIC Ltd. MTN (Cayman Islands)
3.125%		11/15/2015	^		250,000		262,125
Petrobras International Finance Co. (Cayman Islands)
2.875%		02/06/2015			160,000		163,722

							425,847

Sovereign Debt—0.1%
Panama Government International Bond (Panama)
7.250%		03/15/2015			150,000		167,625

U.S. Municipal Bonds—0.6%
Missouri Higher Education Loan Authority (Missouri)
1.034%		01/26/2026			660,241		668,910
State of Louisiana General Obligation Bonds, Series 2011-B (Louisiana)
0.943%		07/15/2014	#		640,000		642,611
University of California Revenue Bonds (California)
1.988%		05/15/2050	#		180,000		180,227

							1,491,748

TOTAL GOVERNMENT RELATED OBLIGATIONS (Cost $7,946,691)							8,026,622

ASSET-BACKED SECURITIES—3.2%
Automobiles—1.5%
Ally Master Owner Trust Series 2013-1, Class A1
0.653%		02/15/2018	#		500,000		500,926
Capital Auto Receivables Asset Trust Series 2013-1, Class C
1.740%		10/22/2018			120,000		120,342
Capital Auto Receivables Asset Trust Series 2013-1, Class B
1.290%		04/20/2018			120,000		120,015
Enterprise Fleet Financing LLC Series 2012-1, Class A2
1.140%		11/20/2017	^		984,993		989,271
Nissan Master Owner Trust Receivables Series 2013-A, Class A
0.503%		02/15/2018	#		1,250,000		1,250,818
World Omni Master Owner Trust Series 2013-1, Class A
0.602%		02/15/2018	#^		325,000		325,219

							3,306,591


Vantagepoint Discovery Fund
Coupon Rate	Maturity Date					Face		Value
ASSET-BACKED SECURITIES—(Continued)
Credit Card—0.6%
Discover Card Master Trust Series 2012-A1, Class A1
0.810%		08/15/2017				$	600,000	$	603,826
GE Capital Credit Card Master Note Trust Series 2012-1, Class A
1.030%		01/15/2018					750,000		757,123

									1,360,949

Other—0.7%
CenterPoint Energy Transition Bond Co. IV LLC Series 2012-1, Class A1
0.901%		04/15/2018					852,131		857,858
Great America Leasing Receivables Series 2013-1, Class C
1.830%		06/17/2019		^			100,000		100,339
MMAF Equipment Finance LLC Series 2011-AA, Class A3
1.270%		09/15/2015		^			580,000		582,009

									1,540,206

Student Loan—0.4%
National Credit Union Administration Guaranteed Notes Series 2010-A1, Class A
0.553%		12/07/2020		#			930,589		933,269

TOTAL ASSET-BACKED SECURITIES (Cost $7,112,366)									7,141,015

							Shares		Value
WARRANTS—0.0%
Food Products—0.0%
Kulim Malaysia Berhad (Malaysia), Expires 02/27/2016, Strike MYR 3.85 (Cost $–)				*			60,350		16,177

MONEY MARKET FUNDS—8.7%
Institutional Money Market Funds—8.7%
Dreyfus Institutional Cash Advantage Fund, 0.07%			†	†	¥		2,300,000		2,300,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%			¥				5,952,751		5,952,751
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%			†	†	¥		2,390,953		2,390,953
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.10%			†	†	¥		2,200,000		2,200,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.11%			†	†	¥		2,300,000		2,300,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.13%			†	†	¥		2,300,000		2,300,000


Vantagepoint Discovery Fund
				Shares		Value
MONEY MARKET FUNDS—(Continued)
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.12%	†	†	¥	2,300,000	$	2,300,000

TOTAL MONEY MARKET FUNDS (Cost $19,743,704)						19,743,704

TOTAL INVESTMENTS—106.0% (Cost $217,872,573)						240,834,867
Other assets less liabilities—(6.0%)						(13,575,995	)

NET ASSETS—100.0%					$	227,258,872

Legend to the Schedule of Investments:

ADR	American Depositary Receipt

BRL	Brazilian Real

MTN	Medium Term Note

MYR	Malaysian Ringgit

REIT	Real Estate Investment Trust

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

*	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 $17,816,624, which represents 7.8% of Net Assets. The illiquid 144A securities represented 0.8% of Net Assets, and 9.9% of total 144A securities held.

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

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

‡	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.

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

D	Security in default.


Vantagepoint International Fund
		Shares		Value
COMMON STOCKS—97.0%
Australia—4.5%
AMP Ltd.	†		957,608	$	5,217,155
Beach Energy Ltd.			1,909,900		2,822,267
Brambles Ltd.			278,300		2,467,537
Caltex Australia Ltd.			129,300		2,887,296
Coca-Cola Amatil Ltd.			336,100		5,110,645
Cochlear Ltd.			29,000		2,060,150
CSL Ltd.			143,600		8,876,144
FlexiGroup Ltd.			516,200		2,169,236
Insurance Australia Group Ltd.			640,200		3,819,216
Nufarm Ltd.			378,600		1,559,907
QBE Insurance Group Ltd.			645,974		9,132,454
REA Group Ltd.			101,200		2,925,116
Sigma Pharmaceuticals Ltd.			3,921,200		3,031,948
Westfield Group REIT			53,334		604,278
Woodside Petroleum Ltd.			101,701		3,811,867
Woolworths Ltd.			153,800		5,429,706

					61,924,922

Austria—0.6%
ams AG			30,700		3,466,563
CA Immobilien Anlagen AG	*		159,199		2,098,739
OMV AG			54,700		2,332,335

					7,897,637

Belgium—1.7%
Ageas			95,100		3,227,805
Anheuser-Busch InBev NV			89,469		8,894,776
Colruyt SA			106,800		5,162,546
Solvay SA			15,700		2,130,432
Telenet Group Holding NV			18,581		920,468
ThromboGenics NV	*†		42,900		2,065,411
UCB SA			23,823		1,523,950

					23,925,388

Brazil—1.5%
BM&FBovespa SA			83,600		562,229
CCR SA			239,400		2,445,239
Cia de Bebidas das Americas ADR			45,400		1,921,782
Cielo SA			9,200		270,753
CPFL Energia SA ADR			114,400		2,395,536
EcoRodovias Infraestrutura e Logistica SA			213,900		1,836,528
Itau Unibanco Holding SA ADR			35,000		623,000
Itausa - Investimentos Itau SA			463,216		2,404,620
Petroleo Brasileiro SA			199,400		1,812,682
Petroleo Brasileiro SA ADR			186,400		3,383,160
Vale SA ADR			23,100		399,399
Vale SA ADR			18,700		323,323
Vale SA Preferred ADR			143,000		2,363,790

					20,742,041

Canada—4.0%
Agrium, Inc.			23,200		2,262,334
Alimentation Couche Tard, Inc., Class B			47,700		2,585,384
Allied Properties Real Estate Investment Trust REIT			83,800		2,724,727
BCE, Inc.			119,300		5,573,636
Boardwalk Real Estate Investment Trust REIT			49,200		3,026,537
Canadian Pacific Railway Ltd.	†		67,695		8,832,167
CGI Group, Inc., Class A	*		93,500		2,541,256


Vantagepoint International Fund
		Shares		Value
COMMON STOCKS—(Continued)
Enbridge, Inc.			55,500	$	2,584,191
Gibson Energy, Inc.			121,100		3,132,852
Home Capital Group, Inc.			51,800		2,995,257
Husky Energy, Inc.			82,400		2,365,294
Nevsun Resources Ltd.			684,700		2,642,146
Norbord, Inc.	*		77,800		2,648,348
Suncor Energy, Inc.			219,600		6,580,326
Superior Plus Corp.			251,900		2,950,839
Trinidad Drilling Ltd.			226,800		1,643,203

					55,088,497

Chile—0.2%
Enersis SA ADR			167,200		3,216,928

China—1.3%
Baidu, Inc. ADR	*		71,182		6,242,662
China Shenhua Energy Co. Ltd., H Shares			1,156,866		4,220,993
Hengan International Group Co. Ltd.	†		232,500		2,280,918
Mindray Medical International Ltd. ADR			65,700		2,624,058
Tencent Holdings Ltd.			82,200		2,629,135

					17,997,766

Denmark—1.5%
Chr Hansen Holding A/S			71,000		2,636,943
Coloplast A/S, Class B			66,500		3,583,310
Novo Nordisk A/S, Class B			46,400		7,478,851
Rockwool International A/S, Class B			1,517		185,316
Topdanmark A/S	*		142,500		3,418,169
Tryg A/S			36,100		2,920,007

					20,222,596

Finland—0.6%
Huhtamaki Oyj			155,900		3,066,812
Kone Oyj, Class B			36,000		2,838,486
Pohjola Bank plc, Class A			164,800		2,410,224

					8,315,522

France—7.5%
Altarea REIT			14,500		2,647,581
Carrefour SA			255,120		6,988,563
Cie de Saint-Gobain			263,012		9,766,563
Cie Generale des Etablissements Michelin (Registered)			30,200		2,530,177
Cie Generale d’Optique Essilor International SA			51,000		5,675,089
Danone SA			66,000		4,595,499
European Aeronautic Defence and Space Co. NV			70,500		3,593,271
France Telecom SA			826,076		8,370,492
L’Oreal SA			37,000		5,870,173
LVMH Moet Hennessy Louis Vuitton SA			7,087		1,217,616
Pernod-Ricard SA			40,301		5,023,023
Sanofi			183,221		18,685,858
Schneider Electric SA			53,434		3,907,522
Societe Generale SA	*		78,013		2,568,421
Technip SA			19,200		1,969,342
Total SA			277,887		13,309,091
Unibail-Rodamco SE (Paris Exchange) REIT			16,809		3,915,020


Vantagepoint International Fund
		Shares		Value
COMMON STOCKS—(Continued)
Zodiac Aerospace			27,289	$	3,181,138

					103,814,439

Germany—7.1%
Adidas AG			55,600		5,779,578
Allianz SE (Registered)			17,590		2,397,908
BASF SE			32,246		2,831,281
Bayer AG			75,942		7,848,298
Beiersdorf AG			47,807		4,418,531
Brenntag AG			21,526		3,365,957
Daimler AG (Registered)			30,557		1,666,496
Deutsche Post AG (Registered)			215,484		4,972,890
Deutsche Telekom AG (Registered)			1,027,022		10,872,365
Duerr AG			61,900		6,761,281
Hannover Rueckversicherung SE (Registered)			29,820		2,347,748
HeidelbergCement AG			42,650		3,075,360
Kabel Deutschland Holding AG			44,181		4,078,928
Linde AG			53,596		9,983,730
Muenchener Rueckversicherungs AG (Registered)			38,715		7,256,244
RWE AG			240,000		8,959,399
SAP AG			58,900		4,737,162
Suedzucker AG			58,600		2,476,797
Volkswagen AG			19,000		3,583,486

					97,413,439

Greece—0.1%
Hellenic Telecommunications Organization SA	*		326,000		1,970,398

Hong Kong—4.0%
AIA Group Ltd.			1,828,400		8,038,977
Beijing Enterprises Holdings Ltd.			221,000		1,704,510
Belle International Holdings Ltd.	†		1,360,837		2,273,767
China Mobile Ltd.	†		757,234		8,031,521
China Resources Land Ltd.	†		938,000		2,630,069
China Resources Power Holdings Co. Ltd.			604,000		1,809,236
CLP Holdings Ltd.			480,000		4,207,858
CNOOC Ltd.			2,511,000		4,828,415
Galaxy Entertainment Group Ltd.	*†		902,000		3,782,448
Henderson Land Development Co. Ltd.			324,000		2,222,456
Hong Kong & China Gas Co. Ltd.			1,961,630		5,731,108
Hongkong Land Holdings Ltd.			210,970		1,567,473
Link (The) REIT			596,000		3,250,627
Sino Land Co. Ltd.			867,838		1,477,033
Sun Hung Kai Properties Ltd.			285,082		3,847,034

					55,402,532

India—0.7%
Axis Bank Ltd. GDR			104,130		2,527,209
ICICI Bank Ltd. ADR			57,100		2,449,590
Infosys Ltd. ADR			17,500		943,425
Larsen & Toubro Ltd. GDR	†		93,217		2,350,102
Larsen & Toubro Ltd. GDR	d		—		—


Vantagepoint International Fund
		Shares		Value
COMMON STOCKS—(Continued)
Tata Motors Ltd. ADR			65,200	$	1,591,532

					9,861,858

Indonesia—0.7%
Astra International Tbk PT			2,406,000		1,963,218
Bank Mandiri Persero Tbk PT			951,500		982,729
Bank Rakyat Indonesia Persero Tbk PT			4,975,500		4,497,107
Perusahaan Gas Negara Persero Tbk PT			4,065,500		2,494,883

					9,937,937

Ireland—1.2%
Covidien plc			93,869		6,368,073
CRH plc (Dublin Exchange)			140,371		3,099,608
Shire plc			78,359		2,386,379
Smurfit Kappa Group plc			157,800		2,592,440
United Drug plc			560,800		2,311,641

					16,758,141

Israel—1.5%
Delek Group Ltd.			12,622		3,556,302
Israel Corp. Ltd. (The)			4,579		3,481,884
Mizrahi Tefahot Bank Ltd.	*		305,217		3,260,791
Teva Pharmaceutical Industries Ltd. ADR			270,500		10,733,440

					21,032,417

Italy—1.0%
Eni SpA			522,303		11,693,523
Fiat Industrial SpA			32,499		366,507
Intesa Sanpaolo SpA			1,399,194		2,061,577

					14,121,607

Japan—18.1%
Aeon Mall Co. Ltd.			148,400		4,531,449
Aiful Corp.	*†		533,000		3,570,647
Aisin Seiki Co. Ltd.			72,100		2,657,715
Aoyama Trading Co. Ltd.			111,800		2,856,888
Canon, Inc.			458,400		16,846,197
Central Japan Railway Co.			29,900		3,159,326
Chugai Pharmaceutical Co. Ltd.			167,200		3,725,946
CMK Corp.			79,500		254,770
Daikin Industries Ltd.	†		98,000		3,856,766
Daito Trust Construction Co. Ltd.			79,100		6,787,953
Denso Corp.			146,500		6,224,562
FANUC Corp.			32,500		5,004,044
Fuji Oil Co. Ltd.			183,500		2,830,841
FUJIFILM Holdings Corp.			125,500		2,489,442
Geo Holdings Corp.	†		1,300		1,653,451
Honda Motor Co. Ltd.			384,200		14,795,728
INPEX Corp.			590		3,177,610
Japan Tobacco, Inc.			277,100		8,863,741
JX Holdings, Inc.			270,000		1,522,389
Kao Corp.			310,800		10,051,869
KDDI Corp.	†		61,800		2,583,975
Keyence Corp.			16,192		4,974,811
Komatsu Ltd.			188,300		4,503,622
Komori Corp.	†		275,500		2,910,765
Kuroda Electric Co. Ltd.			211,000		2,523,560
Kyowa Exeo Corp.			232,900		2,504,843
Matsumotokiyoshi Holdings Co. Ltd.	†		103,200		2,958,257


Vantagepoint International Fund
		Shares		Value
COMMON STOCKS—(Continued)
Mitsubishi Estate Co. Ltd.			123,000	$	3,484,269
Mizuho Financial Group, Inc.			1,567,000		3,362,475
Namura Shipbuilding Co. Ltd.			216,800		1,257,272
NEC Corp.			939,900		2,509,412
NET One Systems Co. Ltd.			240,000		2,115,568
NGK Insulators Ltd.	†		256,000		2,734,974
Nippon Paint Co. Ltd.			282,000		2,826,797
Nippon Telegraph & Telephone Corp.			123,427		5,388,773
Nissan Motor Co. Ltd.			226,400		2,196,178
Ono Pharmaceutical Co. Ltd.			2,700		166,873
Paltac Corp.			217,200		2,795,102
Resona Holdings, Inc.			622,300		3,285,805
Ricoh Co. Ltd.	†		291,000		3,176,982
Seria Co. Ltd.	†		111,300		2,781,295
Seven & I Holdings Co. Ltd.			368,800		12,236,629
Shimamura Co. Ltd.			27,000		3,156,782
Shin-Etsu Chemical Co. Ltd.			81,900		5,431,831
Softbank Corp.			59,000		2,718,235
Tachi-S Co. Ltd.			133,000		2,366,799
Takeda Pharmaceutical Co. Ltd.			227,600		12,468,556
Tokai Rika Co. Ltd.			157,000		2,935,484
Tokio Marine Holdings, Inc.			526,800		15,240,522
Tokyo Electron Ltd.	†		113,300		4,833,865
Tokyo Gas Co. Ltd.			480,000		2,594,660
Toyoda Gosei Co. Ltd.			149,000		3,586,155
Toyota Motor Corp.			251,300		12,958,480
Warabeya Nichiyo Co. Ltd.			172,400		2,788,583

					249,219,523

Kazakhstan—0.1%
KazMunaiGas Exploration Production JSC GDR			92,140		1,749,012

Korea, Republic of—2.2%
Dongbu Insurance Co. Ltd.			45,900		1,962,529
Hyundai Marine & Fire Insurance Co. Ltd.			78,200		2,246,458
Hyundai Mobis			16,268		4,566,835
Hyundai Motor Co.			12,100		2,445,953
KB Financial Group, Inc.			38,579		1,288,779
Korea Electric Power Corp.	*		101,780		2,778,605
Korea Gas Corp.			35,950		2,258,260
LG Display Co. Ltd.	*		126,200		3,690,404
Samsung Electronics Co. Ltd.			5,348		7,289,487
SK Holdings Co. Ltd.			15,000		2,285,065

					30,812,375

Macau—0.4%
MGM China Holdings Ltd.	†		1,100,000		2,358,677
Sands China Ltd.			616,800		3,209,483

					5,568,160

Malaysia—0.0%
Astro Malaysia Holdings Bhd			377,500		353,647

Mexico—0.8%
America Movil SAB de CV, Series L ADR			117,000		2,452,320
Fibra Uno Administracion SA de CV REIT			229,100		755,848
Grupo Financiero Santander Mexico SAB de CV, Class B ADR	*		191,800		2,959,474


Vantagepoint International Fund
		Shares		Value
COMMON STOCKS—(Continued)
Grupo Financiero Santander Mexico SAB de CV, Class B ADR	*		47,800	$	737,554
Grupo Mexico SAB de CV, Series B			834,696		3,371,506

					10,276,702

Netherlands—3.8%
Koninklijke Ahold NV			953,929		14,624,006
Koninklijke Philips Electronics NV			96,800		2,864,020
Koninklijke Vopak NV			28,434		1,715,328
Reed Elsevier NV			556,159		9,534,607
Royal Dutch Shell plc, Class A	†		317,918		10,296,358
Royal Dutch Shell plc, Class B			84,000		2,793,426
Sensata Technologies Holding NV	*		38,704		1,272,200
Unilever NV CVA			197,298		8,084,000
Ziggo NV			31,867		1,121,254

					52,305,199

Norway—0.4%
Gjensidige Forsikring ASA			147,300		2,437,453
TGS Nopec Geophysical Co. ASA			73,800		2,797,089

					5,234,542

Peru—0.3%
Credicorp Ltd.			23,656		3,928,079

Philippines—0.2%
Philippine Long Distance Telephone Co. ADR			45,400		3,220,676

Russia—0.4%
Gazprom OAO ADR			298,399		2,549,758
Sberbank of Russia ADR			184,296		2,349,774

					4,899,532

Singapore—1.7%
DBS Group Holdings Ltd.			419,448		5,428,840
Singapore Telecommunications Ltd.			1,787,000		5,181,208
SunVic Chemical Holdings Ltd.	*		7,793,200		2,558,647
United Overseas Bank Ltd.			519,236		8,560,100
Wing Tai Holdings Ltd.			957,700		1,472,776

					23,201,571

South Africa—0.1%
Tiger Brands Ltd.			36,546		1,168,618

Spain—2.4%
Gas Natural SDG SA			126,500		2,244,736
Grifols SA	*		2,128		61,345
Grifols SA	*		34,176		1,269,365
Grupo Catalana Occidente SA			115,300		2,505,667
Iberdrola SA			2,129,919		9,957,096
Inditex SA			64,100		8,541,992
Telefonica SA			658,963		8,927,998

					33,508,199

Sweden—1.0%
Hennes & Mauritz AB, Class B			130,300		4,666,579
Hexpol AB			47,400		2,725,033
Lundbergforetagen AB, B Shares			80,494		3,202,769


Vantagepoint International Fund
		Shares		Value
COMMON STOCKS—(Continued)
Swedish Orphan Biovitrum AB	*		411,400	$	2,644,271

					13,238,652

Switzerland—7.6%
ABB Ltd.	*		508,338		11,540,106
Actelion Ltd. (Registered)	*		7,329		398,520
Compagnie Financiere Richemont SA (A Bearer Shares)			42,300		3,330,352
Credit Suisse Group AG (Registered)	*		65,685		1,727,563
Holcim Ltd. (Registered)	*		38,574		3,081,137
Nestle SA			201,686		14,596,947
Novartis AG (Registered)			336,309		23,969,402
Roche Holding AG (Genusschein)			45,574		10,624,355
SGS SA (Registered)	†		2,100		5,154,215
Swiss Life Holding AG (Registered)	*		20,600		3,062,251
Swiss Re AG	*		69,386		5,650,938
Syngenta AG (Registered)			18,500		7,741,477
UBS AG (Registered)			190,822		2,934,311
Zurich Insurance Group AG (Registered)	*		38,251		10,677,755

					104,489,329

Taiwan—0.7%
Taiwan Semiconductor Manufacturing Co. Ltd.			1,083,000		3,627,244
Taiwan Semiconductor Manufacturing Co. Ltd. ADR			320,300		5,505,957

					9,133,201

Thailand—0.4%
Kasikornbank PCL NVDR			270,400		1,926,953
PTT PCL	‡		310,000		3,438,810

					5,365,763

Turkey—0.6%
Tupras Turkiye Petrol Rafinerileri AS			107,270		3,226,415
Turk Telekomunikasyon AS			688,891		3,054,174
Turkiye Garanti Bankasi AS			350,489		1,861,174

					8,141,763

United Kingdom—15.1%
3i Group plc			504,800		2,431,143
AstraZeneca plc (London Exchange)			126,599		6,350,299
BAE Systems plc			426,200		2,558,972
Barclays plc			843,300		3,752,064
BG Group plc			274,100		4,716,727
BP plc			2,247,480		15,804,295
British American Tobacco plc			45,800		2,455,912
British Land Co. plc REIT			172,685		1,429,536
BT Group plc			571,780		2,414,959
Centrica plc			849,000		4,752,427
Compass Group plc			193,700		2,479,214
Diageo plc			40,701		1,282,511
easyJet plc			229,500		3,776,104
EnQuest plc	*		1,204,500		2,630,712
GlaxoSmithKline plc			514,688		12,052,470
Home Retail Group plc			1,303,500		3,085,564


Vantagepoint International Fund
		Shares		Value
COMMON STOCKS—(Continued)
HSBC Holdings plc (London Exchange)			1,682,326	$	17,949,713
Imperial Tobacco Group plc			131,889		4,612,855
InterContinental Hotels Group plc			34,347		1,049,892
Johnson Matthey plc			65,859		2,310,393
Land Securities Group plc REIT			227,249		2,868,683
Meggitt plc			257,286		1,925,070
National Grid plc			1,003,633		11,661,979
Pace plc			886,500		3,277,308
Provident Financial plc			95,300		2,269,635
Prudential plc			80,653		1,309,929
Reckitt Benckiser Group plc			120,500		8,651,607
Rolls-Royce Holdings plc	*		238,691		4,107,190
SABMiller plc			56,657		2,991,001
SABMiller plc			109,381		5,769,386
Severn Trent plc			100,600		2,621,404
Smith & Nephew plc			394,900		4,567,556
Standard Chartered plc (London Exchange)			240,572		6,246,720
TalkTalk Telecom Group plc			658,900		2,727,175
Tesco plc			2,824,243		16,417,700
TUI Travel plc			658,500		3,266,790
Unilever plc			261,694		11,068,911
Vodafone Group plc			3,367,260		9,555,214
William Hill plc			383,900		2,160,405
Wm Morrison Supermarkets plc			850,000		3,572,809
WPP plc			184,063		2,941,519

					207,873,753

United States—1.0%
Catamaran Corp.	*		43,800		2,320,967
Liberty Global, Inc., Series A	*		26,710		1,960,514
Schlumberger Ltd.			51,112		3,827,778
Virgin Media, Inc.			23,795		1,165,241
Yum! Brands, Inc.			51,900		3,733,686

					13,008,186

TOTAL COMMON STOCKS (Cost $1,157,176,585)					1,336,340,547

PREFERRED STOCKS—0.7%
Germany—0.7%
Draegerwerk AG & Co. KGaA			19,785		2,558,417
Henkel AG & Co. KGaA			71,177		6,857,267

TOTAL PREFERRED STOCKS (Cost $8,222,951)					9,415,684

MONEY MARKET FUNDS—5.5%
Institutional Money Market Funds—5.5%
Dreyfus Institutional Cash Advantage Fund, 0.07%	††¥		7,000,000		7,000,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%	¥		30,171,555		30,171,555
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%	††¥		4,460,364		4,460,364


Vantagepoint International Fund
		Shares		Value
MONEY MARKET FUNDS—(Continued)
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.10%	††¥		9,000,000	$	9,000,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.11%	††¥		7,000,000		7,000,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.13%	††¥		9,000,000		9,000,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.12%	††¥		9,000,000		9,000,000

TOTAL MONEY MARKET FUNDS (Cost $75,631,919)					75,631,919

TOTAL INVESTMENTS—103.2% (Cost $1,241,031,455)					1,421,388,150
Other assets less liabilities—(3.2%)					(44,102,620	)

NET ASSETS—100.0%				$	1,377,285,530

Legend to the Schedule of Investments:

ADR	American Depositary Receipt

CVA	Dutch Certificate of Shares

GDR	Global Depositary Receipt

NVDR	Non-Voting Depositary Receipt

REIT	Real Estate Investment Trust

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

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

*	Non-income producing.

d	Security has no market value at March 31, 2013.

††	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	8.8	%
Pharmaceuticals	8.6	%
Insurance	6.7	%
Commercial Banks	6.2	%
Food & Staples Retailing	5.1	%
Diversified Telecommunication Services	4.0	%
Food Products	3.5	%
Chemicals	3.5	%
Automobiles	3.0	%
Beverages	2.3	%
Real Estate Management & Development	2.2	%
Machinery	1.9	%
Wireless Telecommunication Services	1.9	%
Auto Components	1.8	%
Multi-Utilities	1.8	%
Health Care Equipment & Supplies	1.8	%
Semiconductors & Semiconductor Equipment	1.8	%
Media	1.7	%
Specialty Retail	1.7	%
Personal Products	1.6	%
Electric Utilities	1.6	%
Hotels, Restaurants & Leisure	1.6	%
Office Electronics	1.5	%
Real Estate Investment Trusts (REITs)	1.5	%
Gas Utilities	1.3	%
Electrical Equipment	1.2	%
Tobacco	1.2	%
Biotechnology	1.1	%
Aerospace & Defense	1.1	%
Building Products	1.0	%
Road & Rail	0.9	%
Electronic Equipment, Instruments & Components	0.8	%
Textiles, Apparel & Luxury Goods	0.8	%
Construction Materials	0.7	%
Energy Equipment & Services	0.7	%
Internet Software & Services	0.7	%
Metals & Mining	0.7	%
Consumer Finance	0.6	%
Health Care Providers & Services	0.6	%
Diversified Financial Services	0.6	%
Household Products	0.6	%
Capital Markets	0.5	%
Industrial Conglomerates	0.5	%
Trading Companies & Distributors	0.4	%
Containers & Packaging	0.4	%
Professional Services	0.4	%
Transportation Infrastructure	0.4	%
IT Services	0.4	%
Construction & Engineering	0.4	%
Air Freight & Logistics	0.4	%
Software	0.3	%
Airlines	0.3	%
Paper & Forest Products	0.2	%
Computers & Peripherals	0.2	%
Water Utilities	0.2	%
Multiline Retail	0.2	%
Thrifts & Mortgage Finance	0.2	%
Distributors	0.2	%
Internet & Catalog Retail	0.2	%
Communications Equipment	0.2	%
Commercial Services & Supplies	0.2	%
Independent Power Producers & Energy Traders	0.1	%

TOTAL COMMON STOCKS	97.0	%


Vantagepoint Diversifying Strategies Fund
				Shares		Value
COMMON STOCKS—3.1%
Capital Markets—0.3%
Franklin Resources, Inc.					14,800	$	2,231,988
T. Rowe Price Group, Inc.					12,000		898,440

							3,130,428

Communications Equipment—0.1%
Telefonaktiebolaget LM Ericsson, Class B (Sweden)					70,000		876,939

Electrical Equipment—0.1%
ABB Ltd. (Switzerland)			*		30,000		681,049

Electronic Equipment, Instruments & Components—0.2%
Hon Hai Precision Industry Co. Ltd. (Taiwan)					614,000		1,708,772

Energy Equipment & Services—0.3%
Schlumberger Ltd.					37,036		2,773,626

IT Services—0.1%
Accenture plc, Class A (Ireland)					12,850		976,215

Pharmaceuticals—0.8%
Novo Nordisk A/S, Class B (Denmark)					46,600		7,511,087

Software—0.7%
SAP AG (Germany)					91,800		7,383,217

Textiles, Apparel & Luxury Goods—0.5%
Swatch Group AG (The) (Bearer) (Switzerland)					9,225		5,378,159

TOTAL COMMON STOCKS (Cost $24,194,231)							30,419,492


CONVERTIBLE PREFERRED STOCKS—1.2%
Commercial Banks—0.2%
Fifth Third Bancorp, Perpetual, Series G 8.500%					11,875		1,702,281

Electric Utilities—0.4%
NextEra Energy, Inc. 5.599%					70,500		3,859,558

Oil, Gas & Consumable Fuels—0.6%
Chesapeake Energy Corp., Perpetual 5.750%			^		5,971		6,099,827

TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $11,266,900)							11,661,666


Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—35.7%
Aerospace & Defense—0.1%
United Technologies Corp.
1.200%		06/01/2015		$	320,000		324,663
0.787%		06/01/2015	#§		1,055,000		1,065,898

							1,390,561

Auto Components—0.1%
Goodyear Tire & Rubber Co. (The)
7.000%		05/15/2022			825,000		873,469
6.500%		03/01/2021			500,000		518,125

							1,391,594


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date		Face	Value
CORPORATE OBLIGATIONS—(Continued)
Automobiles—1.0%
Daimler Finance North America LLC
2.300%	01/09/2015	^§	$1,480,000	$1,513,047
1.875%	09/15/2014	^	870,000	883,062
1.300%	07/31/2015	^§	910,000	916,653
1.250%	01/11/2016	^	740,000	743,040
0.905%	01/09/2015	#^§	780,000	783,500
Nissan Motor Acceptance Corp.
1.000%	03/15/2016	^§	1,920,000	1,919,585
Volkswagen International Finance NV (Netherlands)
1.625%	03/22/2015	^	1,600,000	1,620,896
1.032%	03/21/2014	#^§	1,250,000	1,256,625

				9,636,408

Beverages—1.0%
Anheuser-Busch InBev Finance, Inc.
0.800%	01/15/2016	§	1,700,000	1,702,380
Anheuser-Busch InBev Worldwide, Inc.
0.800%	07/15/2015	§	820,000	822,020
Coca-Cola Enterprises, Inc.
1.125%	11/12/2013	§	720,000	723,295
Constellation Brands, Inc.
6.000%	05/01/2022		750,000	823,125
Heineken NV (Netherlands)
0.800%	10/01/2015	^§	440,000	440,315
PepsiCo, Inc.
0.700%	08/13/2015	§	1,810,000	1,813,768
0.497%	02/26/2016	#	980,000	981,281
SABMiller Holdings, Inc.
2.450%	01/15/2017	^§	810,000	843,967
1.850%	01/15/2015	^§	1,870,000	1,900,982

				10,051,133

Biotechnology—0.5%
Amgen, Inc.
2.300%	06/15/2016	§	750,000	781,132
1.875%	11/15/2014	§	970,000	989,534
Genzyme Corp.
3.625%	06/15/2015	§	730,000	778,667
Gilead Sciences, Inc.
2.400%	12/01/2014	§	420,000	431,762
Life Technologies Corp.
3.500%	01/15/2016		1,500,000	1,566,600

				4,547,695

Capital Markets—0.8%
Bank of New York Mellon Corp. (The) MTN
1.200%	02/20/2015		300,000	303,531
0.579%	01/31/2014	#§	1,000,000	1,002,124
E*TRADE Financial Corp.
6.000%	11/15/2017	§	585,000	614,981
Morgan Stanley
1.538%	02/25/2016	#§	1,990,000	1,999,895
1.281%	04/29/2013	#§	960,000	960,479
Nomura Holdings, Inc. MTN (Japan)
1.730%	09/13/2016	#	1,510,000	1,515,800
TD Ameritrade Holding Corp.
4.150%	12/01/2014		760,000	802,072


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
WT Finance Aust Pty Ltd./Westfield Capital/WEA Finance LLC (Australia)
5.125%		11/15/2014	^	$	400,000	$	426,384

							7,625,266

Chemicals—0.4%
Airgas, Inc.
2.850%		10/01/2013	§		1,270,000		1,283,953
Ashland, Inc.
3.000%		03/15/2016	^		1,100,000		1,122,000
Ecolab, Inc.
2.375%		12/08/2014	§		600,000		616,544
1.000%		08/09/2015	§		230,000		230,742
EI du Pont de Nemours & Co.
0.704%		03/25/2014	#§		620,000		622,740

							3,875,979

Commercial Banks—7.5%
ANZ New Zealand Int’l Ltd. (New Zealand)
1.125%		03/24/2016	^		1,220,000		1,223,828
Banco Bradesco SA (Brazil)
2.390%		05/16/2014	#^§		1,000,000		1,012,599
Banco de Credito del Peru (Peru)
4.750%		03/16/2016	^§		1,225,000		1,323,000
Banco de Credito e Inversiones (Chile)
3.000%		09/13/2017	^§		800,000		813,491
Banco del Estado de Chile (Chile)
2.000%		11/09/2017	^§		1,600,000		1,605,737
Banco do Brasil SA (Brazil)
4.500%		01/22/2015	^§		1,200,000		1,254,000
Banco do Nordeste do Brasil SA (Brazil)
3.625%		11/09/2015	^§		1,320,000		1,359,600
Bancolombia SA (Colombia)
4.250%		01/12/2016	§		300,000		317,640
Bank of Ceylon (Sri Lanka)
6.875%		05/03/2017	^§		1,000,000		1,057,500
Bank of Montreal MTN (Canada)
0.800%		11/06/2015	§		1,140,000		1,139,095
0.751%		09/11/2015	#§		930,000		935,959
Bank of Nova Scotia (Canada)
1.850%		01/12/2015			2,000,000		2,045,104
0.750%		10/09/2015	§		1,780,000		1,780,399
Bank of Tokyo-Mitsubishi UFJ Ltd. (The) (Japan)
0.738%		02/26/2016	#^§		2,150,000		2,150,297
Barclays Bank plc (United Kingdom)
3.900%		04/07/2015	§		925,000		978,829
1.345%		01/13/2014	#§		2,010,000		2,021,139
BB&T Corp.
1.001%		04/28/2014	#		850,000		855,220
BB&T Corp. MTN
3.375%		09/25/2013			400,000		405,875
1.600%		08/15/2017			480,000		485,174
BBVA Banco Continental SA (Peru)
2.250%		07/29/2016	^§		770,000		759,759
Canadian Imperial Bank of Commerce (Canada)
0.900%		10/01/2015	§		2,280,000		2,288,942
Capital One Financial Corp.
2.125%		07/15/2014	§		1,780,000		1,808,414
CBQ Finance Ltd. (Bermuda)
5.000%		11/18/2014	^		750,000		791,936
CIT Group, Inc.
5.000%		05/15/2017			795,000		856,612


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
5.000%		08/15/2022		$	600,000	$	643,650
4.750%		02/15/2015	^§		1,440,000		1,512,000
Corpbanca SA (Chile)
3.125%		01/15/2018	§		1,200,000		1,188,767
Credit Suisse (Switzerland)
1.265%		01/14/2014	#§		3,330,000		3,351,938
Discover Bank
2.000%		02/21/2018			1,980,000		1,988,255
Hana Bank (South Korea)
1.375%		02/05/2016	^		255,000		254,322
HSBC USA, Inc.
2.375%		02/13/2015	§		680,000		699,985
ICICI Bank Ltd. (India)
5.500%		03/25/2015	^§		450,000		478,214
ING Bank NV (Netherlands)
3.750%		03/07/2017	^		1,500,000		1,599,909
1.924%		09/25/2015	#^§		980,000		999,954
KeyBank NA, Bank Note
4.950%		09/15/2015			600,000		653,839
KeyCorp MTN
3.750%		08/13/2015	§		630,000		671,680
Macquarie Bank Ltd. (Australia)
3.450%		07/27/2015	^		1,210,000		1,261,507
Manufacturers & Traders Trust Co.
0.581%		03/07/2016	#§		800,000		799,402
National Australia Bank Ltd. (Australia)
0.900%		01/20/2016			1,720,000		1,724,792
0.602%		01/22/2015	#^§		870,000		870,086
National Bank of Canada (Canada)
1.500%		06/26/2015			600,000		609,385
Oversea-Chinese Banking Corp. Ltd. (Singapore)
1.625%		03/13/2015	^§		800,000		813,837
Royal Bank of Canada (Canada)
0.850%		03/08/2016			2,300,000		2,301,394
0.535%		01/06/2015	#§		850,000		851,567
Societe Generale SA (France)
1.600%		12/13/2013	#^		1,000,000		1,006,173
Sumitomo Mitsui Banking Corp. (Japan)
0.900%		01/18/2016	§		1,070,000		1,067,382
Svenska Handelsbanken AB (Sweden)
0.732%		03/21/2016	#		2,580,000		2,581,510
Toronto-Dominion Bank (The) (Canada)
0.605%		07/14/2014	#§		1,320,000		1,323,877
Toronto-Dominion Bank (The) MTN (Canada)
2.500%		07/14/2016			2,100,000		2,202,856
Union Bank NA
1.233%		06/06/2014	#§		1,360,000		1,370,533
Union Bank NA, Bank Note
2.125%		12/16/2013			1,560,000		1,576,090
US Bancorp
4.200%		05/15/2014			800,000		834,193
US Bank NA, Bank Note
0.585%		10/14/2014	#§		1,500,000		1,503,789
Wachovia Bank NA, Bank Note
4.800%		11/01/2014			1,390,000		1,478,102
Wells Fargo & Co.
1.205%		06/26/2015	#§		1,000,000		1,013,629
Wells Fargo & Co. MTN
2.100%		05/08/2017			340,000		350,955
1.250%		02/13/2015			200,000		202,398


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Westpac Banking Corp. (Australia)
1.044%		09/25/2015	#§	$	2,540,000	$	2,565,804
Westpac Banking Corp. MTN (Australia)
0.950%		01/12/2016	§		2,520,000		2,531,108

							74,153,031

Communications Equipment—0.2%
Cisco Systems, Inc.
0.531%		03/14/2014	#§		1,500,000		1,504,501
SBA Communications Corp.
5.625%		10/01/2019	^		500,000		516,250

							2,020,751

Computers & Peripherals—0.2%
Hewlett-Packard Co.
2.350%		03/15/2015	§		1,200,000		1,224,857
1.830%		09/19/2014	#§		900,000		909,203

							2,134,060

Consumer Finance—3.3%
Ally Financial, Inc.
4.625%		06/26/2015	§		1,500,000		1,570,275
American Express Credit Corp.
1.134%		06/24/2014	#		1,570,000		1,582,270
American Express Credit Corp. MTN
1.903%		06/19/2013	#§		700,000		702,447
1.750%		06/12/2015	§		530,000		541,835
American Honda Finance Corp.
1.450%		02/27/2015	^§		2,410,000		2,444,005
Banque PSA Finance SA (France)
2.183%		04/04/2014	#^		1,360,000		1,348,528
Caterpillar Financial Services Corp. MTN
0.642%		02/09/2015	#§		1,200,000		1,205,658
0.527%		02/26/2016	#§		800,000		801,275
Caterpillar Financial Services Corp., Series G MTN
1.375%		05/20/2014	§		1,700,000		1,718,850
Ford Motor Credit Co. LLC
3.875%		01/15/2015	§		2,620,000		2,724,839
3.000%		06/12/2017	§		1,275,000		1,308,901
General Motors Financial Co., Inc.
4.750%		08/15/2017	^§		1,130,000		1,179,669
HSBC Finance Corp.
0.554%		01/15/2014	#		1,500,000		1,498,595
Hyundai Capital America
1.625%		10/02/2015	^§		1,010,000		1,017,518
International Lease Finance Corp.
6.500%		09/01/2014	^		600,000		642,000
4.875%		04/01/2015	§		1,630,000		1,715,575
John Deere Capital Corp.
0.451%		04/25/2014	#§		910,000		911,594
John Deere Capital Corp. MTN
1.600%		03/03/2014	§		2,720,000		2,751,658
0.450%		06/16/2014	#§		850,000		851,721
PACCAR Financial Corp.
0.534%		06/05/2014	#§		380,000		381,132
PACCAR Financial Corp. MTN
1.550%		09/29/2014			710,000		722,204
1.050%		06/05/2015			320,000		323,582
0.700%		11/16/2015	§		910,000		910,683
Toyota Motor Credit Corp.
0.875%		07/17/2015	§		2,640,000		2,658,221


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Toyota Motor Credit Corp. MTN
1.000%		02/17/2015	§	$	1,050,000	$	1,059,358

							32,572,393

Containers & Packaging—0.0%
Bemis Co., Inc.
5.650%		08/01/2014			290,000		307,814

Diversified Financial Services—3.5%
ABN AMRO Bank NV (Netherlands)
1.375%		01/22/2016	^§		1,000,000		1,001,219
Alliance Data Systems Corp.
5.250%		12/01/2017	^§		1,000,000		1,042,500
Bank of America Corp.
4.500%		04/01/2015	§		600,000		636,079
3.700%		09/01/2015			1,370,000		1,444,739
1.500%		10/09/2015	§		360,000		361,412
Bank of America Corp. MTN
1.354%		03/22/2018	#		1,700,000		1,700,396
1.250%		01/11/2016			570,000		568,004
1.104%		03/22/2016	#		840,000		837,423
Bank of America Corp., Series 1
3.750%		07/12/2016			385,000		409,790
Citigroup, Inc.
6.000%		12/13/2013			475,000		492,222
4.450%		01/10/2017	§		675,000		743,783
2.293%		08/13/2013	#§		1,530,000		1,540,205
2.250%		08/07/2015	§		1,540,000		1,577,223
1.084%		04/01/2016	#		2,420,000		2,423,192
CME Group, Inc.
5.750%		02/15/2014			1,000,000		1,043,531
Equifax, Inc.
4.450%		12/01/2014			160,000		168,522
ERAC USA Finance LLC
2.250%		01/10/2014	^		630,000		637,521
1.400%		04/15/2016	^		260,000		261,707
General Electric Capital Corp.
5.900%		05/13/2014	§		430,000		455,738
2.150%		01/09/2015	§		1,740,000		1,785,113
1.625%		07/02/2015	§		1,100,000		1,119,401
1.000%		12/11/2015	§		1,310,000		1,319,014
General Electric Capital Corp., Series A
3.750%		11/14/2014	§		750,000		787,871
Harley-Davidson Financial Services, Inc.
1.150%		09/15/2015	^§		915,000		918,733
Hutchison Whampoa International 12 II Ltd.
(Cayman Islands)
2.000%		11/08/2017	^		530,000		535,627
Icahn Enterprises LP/Icahn Enterprises Finance
Corp.
7.750%		01/15/2016	§		1,035,000		1,078,987
JPMorgan Chase & Co.
5.250%		05/01/2015			1,335,000		1,447,882
1.201%		01/25/2018	#§		1,300,000		1,310,078
0.908%		02/26/2016	#§		870,000		871,128
JPMorgan Chase & Co. MTN
1.100%		10/15/2015			780,000		781,594
NASDAQ OMX Group, Inc. (The)
4.000%		01/15/2015			1,210,000		1,264,692
National Rural Utilities Cooperative Finance Corp.
1.000%		02/02/2015	§		1,070,000		1,080,696


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
National Rural Utilities Cooperative Finance Corp. MTN
0.533%		04/04/2014	#§	$	420,000	$	420,659
Noble Group Ltd. (Bermuda)
8.500%		05/30/2013	^		530,000		535,865
Pinnacle Foods Finance LLC/Pinnacle Foods
Finance Corp.
8.250%		09/01/2017			800,000		863,500
Susser Holdings LLC/Susser Finance Corp.
8.500%		05/15/2016	§		1,090,000		1,146,544

							34,612,590

Diversified Telecommunication Services—1.6%
AT&T, Inc.
0.875%		02/13/2015	§		3,410,000		3,418,426
British Telecommunications plc (United Kingdom)
2.000%		06/22/2015			400,000		409,458
1.405%		12/20/2013	#§		1,000,000		1,008,010
CenturyLink, Inc.
5.800%		03/15/2022			650,000		659,266
Frontier Communications Corp.
8.500%		04/15/2020			1,080,000		1,228,500
Hughes Satellite Systems Corp.
7.625%		06/15/2021			1,290,000		1,481,887
Qtel International Finance Ltd. (Bermuda)
6.500%		06/10/2014	^		1,170,000		1,246,518
Telecom Italia Capital SA (Luxembourg)
5.250%		11/15/2013			280,000		285,880
Telefonica Emisiones SAU (Spain)
2.582%		04/26/2013			1,260,000		1,261,549
Verizon Communications, Inc.
0.481%		03/06/2015	#^§		1,500,000		1,500,135
Virgin Media Finance plc (United Kingdom)
5.250%		02/15/2022			450,000		459,563
4.875%		02/15/2022			300,000		305,250
Vivendi SA (France)
2.400%		04/10/2015	^		650,000		663,799
Windstream Corp.
8.125%		08/01/2013	§		300,000		306,375
7.875%		11/01/2017	§		990,000		1,136,025

							15,370,641

Electric Utilities—0.7%
Cia de Eletricidade do Estado da Bahia (Brazil)
11.750%		04/27/2016	^	BRL	775,000		402,350
Duke Energy Corp.
3.950%		09/15/2014	§		290,000		303,482
GDF Suez (France)
1.625%		10/10/2017	^§		370,000		372,317
Georgia Power Co.
1.300%		09/15/2013	§		1,260,000		1,265,621
0.600%		03/15/2016	#§		470,000		470,616
NextEra Energy Capital Holdings, Inc.
2.600%		09/01/2015			2,000,000		2,077,446
1.611%		06/01/2014	§		340,000		343,294
1.200%		06/01/2015	§		130,000		131,052
Northeast Utilities
1.030%		09/20/2013	#§		1,190,000		1,193,970

							6,560,148


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Electronic Equipment, Instruments & Components—0.2%
Agilent Technologies, Inc.
2.500%		07/15/2013		$	520,000	$	523,026
Tech Data Corp.
3.750%		09/21/2017	§		1,600,000		1,668,178

							2,191,204

Energy Equipment & Services—0.3%
Cameron International Corp.
1.217%		06/02/2014	#§		1,010,000		1,015,989
National Oilwell Varco, Inc.
1.350%		12/01/2017	§		930,000		935,036
Precision Drilling Corp. (Canada)
6.625%		11/15/2020			925,000		992,063

							2,943,088

Food & Staples Retailing—0.4%
Kroger Co. (The)
2.200%		01/15/2017	§		750,000		775,397
Safeway, Inc.
1.780%		12/12/2013	#§		1,230,000		1,237,722
Walgreen Co.
1.000%		03/13/2015	§		650,000		651,613
0.780%		03/13/2014	#§		1,270,000		1,273,711

							3,938,443

Food Products—1.2%
ARAMARK Corp.
5.750%		03/15/2020	^		720,000		739,800
Campbell Soup Co.
0.599%		08/01/2014	#§		560,000		561,672
ConAgra Foods, Inc.
1.350%		09/10/2015			220,000		221,737
1.300%		01/25/2016	§		510,000		514,384
General Mills, Inc.
5.250%		08/15/2013	§		1,500,000		1,526,784
0.875%		01/29/2016	§		280,000		281,139
0.601%		01/29/2016	#§		510,000		510,793
Hawk Acquisition Sub, Inc.
4.250%		10/15/2020	^		1,200,000		1,203,000
Ingredion, Inc.
3.200%		11/01/2015			350,000		367,431
Kellogg Co.
1.125%		05/15/2015			1,100,000		1,110,941
0.522%		02/13/2015	#§		270,000		270,478
Kraft Foods Group, Inc.
1.625%		06/04/2015			500,000		507,974
Mondelez International, Inc.
5.250%		10/01/2013			390,000		398,997
2.625%		05/08/2013			390,000		390,744
Unilever Capital Corp.
0.450%		07/30/2015	§		680,000		678,420
Wm. Wrigley Jr. Co.
3.700%		06/30/2014	^		2,510,000		2,578,546

							11,862,840

Gas Utilities—0.1%
Sabine Pass LNG LP
7.500%		11/30/2016	§		1,140,000		1,265,400

Health Care Equipment & Supplies—0.4%
Covidien International Finance SA (Luxembourg)
1.875%		06/15/2013			1,250,000		1,253,646


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
1.350%		05/29/2015		$	400,000	$	405,975
DENTSPLY International, Inc.
1.790%		08/15/2013	#§		1,640,000		1,646,840
Stryker Corp.
3.000%		01/15/2015	§		790,000		825,436

							4,131,897

Health Care Providers & Services—1.0%
CHS/Community Health Systems, Inc.
5.125%		08/15/2018	§		785,000		824,250
DaVita HealthCare Partners, Inc.
6.625%		11/01/2020			1,050,000		1,142,531
Express Scripts Holding Co.
2.750%		11/21/2014			1,500,000		1,545,603
2.100%		02/12/2015	§		330,000		337,274
HCA Holdings, Inc.
7.750%		05/15/2021			600,000		670,125
HCA, Inc.
6.750%		07/15/2013	§		355,000		360,991
5.875%		03/15/2022			250,000		270,000
4.750%		05/01/2023			600,000		598,500
Quest Diagnostics, Inc.
1.134%		03/24/2014	#§		890,000		894,604
UnitedHealth Group, Inc.
1.400%		10/15/2017			300,000		302,507
0.850%		10/15/2015	§		180,000		180,658
WellPoint, Inc.
2.375%		02/15/2017			1,645,000		1,705,780
1.250%		09/10/2015	§		1,060,000		1,069,405

							9,902,228

Hotels, Restaurants & Leisure—0.1%
Carnival Corp. (Panama)
1.875%		12/15/2017			320,000		321,362
1.200%		02/05/2016	§		670,000		671,323

							992,685

Household Durables—0.2%
Lennar Corp.
4.750%		12/15/2017			800,000		842,000
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC
9.875%		08/15/2019			1,000,000		1,098,750

							1,940,750

Independent Power Producers & Energy Traders—0.2%
Abu Dhabi National Energy Co. (United Arab Emirates)
4.750%		09/15/2014	^		1,400,000		1,471,176

Industrial Conglomerates—0.1%
3M Co., Series E MTN
4.375%		08/15/2013			750,000		761,486
Danaher Corp.
1.300%		06/23/2014			500,000		505,352

							1,266,838

Insurance—0.7%
Allstate Corp. (The)
6.200%		05/16/2014			510,000		541,272
American International Group, Inc.
2.375%		08/24/2015			460,000		472,143


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Hartford Financial Services Group, Inc.
4.000%		03/30/2015		$	570,000	$	602,696
MetLife Institutional Funding II
0.675%		01/06/2015	#^§		500,000		500,747
MetLife, Inc.
2.375%		02/06/2014	§		980,000		995,831
New York Life Global Funding
0.320%		09/19/2014	#^§		1,360,000		1,362,007
Principal Life Global Funding II
1.000%		12/11/2015	^§		1,150,000		1,153,931
Prudential Financial, Inc., Series B MTN
4.750%		04/01/2014	§		1,600,000		1,664,625

							7,293,252

Internet & Catalog Retail—0.2%
Amazon.com, Inc.
0.650%		11/27/2015	§		2,020,000		2,018,885

Internet Software & Services—0.1%
Baidu, Inc. (Cayman Islands)
2.250%		11/28/2017	§		560,000		568,207
Equinix, Inc.
5.375%		04/01/2023			775,000		788,563

							1,356,770

IT Services—0.0%
Computer Sciences Corp.
2.500%		09/15/2015			300,000		308,278

Life Sciences Tools & Services—0.1%
Howard Hughes Medical Institute
3.450%		09/01/2014			700,000		732,956

Machinery—0.4%
Case New Holland, Inc.
7.750%		09/01/2013	§		1,450,000		1,488,425
Eaton Corp.
0.950%		11/02/2015	^§		980,000		985,224
Terex Corp.
6.500%		04/01/2020			1,135,000		1,215,869
Tyco Electronics Group SA (Luxembourg)
1.600%		02/03/2015			310,000		313,817

							4,003,335

Media—1.0%
CC Holdings GS V LLC
2.381%		12/15/2017	^		430,000		433,260
CCO Holdings LLC/CCO Holdings Capital Corp.
5.250%		09/30/2022			925,000		913,438
COX Communications, Inc.
5.450%		12/15/2014			160,000		172,873
DirecTV Holdings LLC/DirecTV Financing Co., Inc.
4.750%		10/01/2014			630,000		666,691
3.125%		02/15/2016			570,000		598,695
DISH DBS Corp.
6.625%		10/01/2014	§		850,000		906,312
4.625%		07/15/2017	§		1,120,000		1,167,600
Mediacom LLC/Mediacom Capital Corp.
7.250%		02/15/2022			800,000		884,000
NBCUniversal Enterprise, Inc.
0.965%		04/15/2018	#^		690,000		688,650
0.817%		04/15/2016	#^		340,000		340,020


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
NBCUniversal Media LLC
2.100%		04/01/2014	§	$	1,600,000	$	1,622,558
Time Warner, Inc.
3.150%		07/15/2015			500,000		526,868
Viacom, Inc.
4.375%		09/15/2014			500,000		525,932

							9,446,897

Metals & Mining—1.1%
ArcelorMittal (Luxembourg)
4.250%		08/05/2015	§		1,100,000		1,143,922
BHP Billiton Finance USA Ltd. (Australia)
1.000%		02/24/2015	§		1,840,000		1,858,656
Eldorado Gold Corp. (Canada)
6.125%		12/15/2020	^		220,000		229,350
FMG Resources August 2006 Pty Ltd. (Australia)
8.250%		11/01/2019	^		925,000		1,002,469
6.875%		04/01/2022	^		200,000		210,250
6.000%		04/01/2017	^§		835,000		862,137
Freeport-McMoRan Copper & Gold, Inc.
2.150%		03/01/2017			310,000		313,960
1.400%		02/13/2015	§		700,000		705,393
Rio Tinto Finance USA plc (United Kingdom)
1.125%		03/20/2015	§		800,000		805,196
Xstrata Finance Canada Ltd. (Canada)
2.450%		10/25/2017	^		2,480,000		2,516,466
1.800%		10/23/2015	^§		630,000		637,557

							10,285,356

Multiline Retail—0.1%
Target Corp.
1.125%		07/18/2014	§		600,000		606,446

Multi-Utilities—0.2%
DTE Energy Co.
0.987%		06/03/2013	#§		2,070,000		2,072,058

Oil, Gas & Consumable Fuels—1.8%
BP Capital Markets plc (United Kingdom)
3.875%		03/10/2015	§		805,000		853,886
0.700%		11/06/2015	§		1,850,000		1,848,056
ConocoPhillips
4.750%		02/01/2014			199,000		206,191
CONSOL Energy, Inc.
8.000%		04/01/2017	§		230,000		248,975
Copano Energy LLC/Copano Energy Finance Corp.
7.125%		04/01/2021			400,000		464,000
Denbury Resources, Inc.
4.625%		07/15/2023			1,200,000		1,159,500
Enterprise Products Operating LLC
1.250%		08/13/2015			320,000		322,527
Husky Energy, Inc. (Canada)
5.900%		06/15/2014	§		550,000		583,144
Marathon Oil Corp.
0.900%		11/01/2015	§		1,080,000		1,078,051
MarkWest Energy Partners LP / MarkWest Energy Finance Corp.
4.500%		07/15/2023			200,000		196,000
Murphy Oil Corp.
2.500%		12/01/2017	§		500,000		502,624
Petrohawk Energy Corp.
7.875%		06/01/2015	§		1,000,000		1,034,972


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Phillips 66
2.950%		05/01/2017		$	310,000	$	328,852
1.950%		03/05/2015			310,000		316,959
Plains Exploration & Production Co.
6.500%		11/15/2020	§		1,120,000		1,243,200
6.125%		06/15/2019			400,000		440,000
Ras Laffan Liquefied Natural Gas Co. Ltd. III (Qatar)
5.500%		09/30/2014	^		750,000		799,688
Rockies Express Pipeline LLC
3.900%		04/15/2015	^§		770,000		779,625
Sibur Securities Ltd. (Ireland)
3.914%		01/31/2018	^§		760,000		750,500
Tesoro Corp.
4.250%		10/01/2017			780,000		819,000
Total Capital Canada Ltd. (Canada)
0.683%		01/15/2016	#§		760,000		763,894
0.383%		05/13/2013	#§		1,000,000		1,000,370
TransCanada PipeLines Ltd. (Canada)
3.400%		06/01/2015	§		630,000		666,542
0.750%		01/15/2016	§		300,000		299,843
WPX Energy, Inc.
5.250%		01/15/2017	§		1,145,000		1,205,113

							17,911,512

Paper & Forest Products—0.1%
Masco Corp.
4.800%		06/15/2015	§		540,000		568,927

Pharmaceuticals—1.4%
AbbVie, Inc.
1.750%		11/06/2017	^		1,620,000		1,641,505
1.200%		11/06/2015	^		1,630,000		1,643,710
1.056%		11/06/2015	#^§		1,800,000		1,827,191
GlaxoSmithKline Capital plc (United Kingdom)
0.750%		05/08/2015	§		560,000		562,788
Novartis Capital Corp.
4.125%		02/10/2014			1,580,000		1,628,851
Sanofi (France)
1.625%		03/28/2014	§		500,000		506,484
Takeda Pharmaceutical Co. Ltd. (Japan)
1.031%		03/17/2015	^§		2,500,000		2,522,820
Teva Pharmaceutical Finance III BV (Netherlands Antilles)
1.700%		03/21/2014			580,000		587,058
0.782%		03/21/2014	#§		470,000		471,822
Valeant Pharmaceuticals International
6.500%		07/15/2016	^§		1,620,000		1,698,975
Zoetis, Inc.
1.150%		02/01/2016	^§		170,000		170,571

							13,261,775

Real Estate Investment Trusts (REITs)—0.7%
Digital Realty Trust LP
4.500%		07/15/2015			630,000		669,751
Duke Realty LP
5.400%		08/15/2014			650,000		685,709
HCP, Inc.
2.700%		02/01/2014			1,610,000		1,635,569
Health Care REIT, Inc.
6.000%		11/15/2013			930,000		959,598


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Simon Property Group LP
4.200%		02/01/2015		$	250,000	$	263,824
Ventas Realty LP/Ventas Capital Corp.
2.000%		02/15/2018			1,640,000		1,651,168
Vornado Realty LP
4.250%		04/01/2015			1,240,000		1,311,259

							7,176,878

Road & Rail—0.5%
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.
4.875%		11/15/2017	^		840,000		866,250
JB Hunt Transport Services, Inc.
3.375%		09/15/2015	§		970,000		1,008,323
Penske Truck Leasing Co. Lp/PTL Finance Corp.
3.125%		05/11/2015	^§		1,400,000		1,449,301
2.500%		03/15/2016	^§		1,100,000		1,127,481
Ryder System, Inc. MTN
2.500%		03/01/2017			620,000		639,237

							5,090,592

Semiconductors & Semiconductor Equipment—0.3%
Intel Corp.
1.350%		12/15/2017			230,000		231,045
Texas Instruments, Inc.
0.450%		08/03/2015			1,380,000		1,377,091
TSMC Global Ltd.
0.950%		04/03/2016	^‡		260,000		260,000
TSMC Global Ltd. (Virgin Islands, British)
1.625%		04/03/2018	^		510,000		509,256

							2,377,392

Software—0.2%
Autodesk, Inc.
1.950%		12/15/2017	§		490,000		485,852
Microsoft Corp.
2.950%		06/01/2014	§		900,000		927,931
Oracle Corp.
3.750%		07/08/2014			750,000		781,435

							2,195,218

Specialty Retail—0.2%
L Brands, Inc.
5.625%		02/15/2022			500,000		532,500
Michaels Stores, Inc.
7.750%		11/01/2018			750,000		823,125
Sally Holdings LLC/Sally Capital, Inc.
5.750%		06/01/2022			600,000		629,250

							1,984,875

Textiles, Apparel & Luxury Goods—0.3%
Hanesbrands, Inc.
6.375%		12/15/2020			1,250,000		1,367,187
Levi Strauss & Co.
6.875%		05/01/2022			950,000		1,045,000
VF Corp.
1.038%		08/23/2013	#§		700,000		702,218

							3,114,405

Thrifts & Mortgage Finance—0.1%
Astoria Financial Corp.
5.000%		06/19/2017	§		1,120,000		1,200,485


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Tobacco—0.2%
BAT International Finance plc (United Kingdom)
1.400%		06/05/2015	^§	$	1,460,000	$	1,478,158
Reynolds American, Inc.
1.050%		10/30/2015	§		510,000		510,503

							1,988,661

Trading Companies & Distributors—0.2%
AmeriGas Finance LLC/AmeriGas Finance Corp.
7.000%		05/20/2022			20,000		21,850
6.750%		05/20/2020			700,000		764,750
AmeriGas Partners LP/AmeriGas Finance Corp.
6.250%		08/20/2019	§		800,000		856,000
Aviation Capital Group Corp.
4.625%		01/31/2018	^		490,000		506,067

							2,148,667

Water Utilities—0.1%
Veolia Environnement SA (France)
5.250%		06/03/2013			910,000		915,665

Wireless Telecommunication Services—0.6%
America Movil SAB de CV (Mexico)
3.625%		03/30/2015	§		350,000		368,659
Rogers Communications, Inc. (Canada)
6.375%		03/01/2014	§		1,390,000		1,461,677
Vodafone Group plc (United Kingdom)
4.150%		06/10/2014			1,090,000		1,134,981
0.900%		02/19/2016	§		2,580,000		2,575,683

							5,541,000

TOTAL CORPORATE OBLIGATIONS (Cost $345,234,840)							351,756,898

MORTGAGE-BACKED SECURITIES—5.4%
Commercial Mortgage-Backed Securities— 0.4%
Del Coronado Trust, Series 2013-HDC, Class A
1.003%		03/15/2026	#^		1,040,000		1,040,000
LA Arena Funding LLC, Series 1, Class A
7.656%		12/15/2026	^		573,587		654,442
Motel 6 Trust, Series 2012-MTL6, Class A1
1.500%		10/05/2025	^		1,000,000		1,007,651
National Credit Union Administration Guaranteed Notes, Series 2010-C1, Class A1
1.600%		10/29/2020	§		835,137		850,678

							3,552,771

Non-Agency Mortgage-Backed Securities— 2.2%
Bank of America Mortgage Securities, Inc., Series 2002-K, Class 1A4
2.728%		10/20/2032	#		567,791		565,992
Countrywide Asset-Backed Certificates, Series 2006-23, Class 2A2
0.314%		05/25/2037	#		214,971		214,366
Credit Suisse First Boston Mortgage Securities Corp., Series 2004-3, Class 2A1
5.000%		04/25/2019			112,426		116,412
Credit Suisse Mortgage Capital Certificates, Series 2011-1R, Class A1
1.203%		02/27/2047	#^§		3,808,789		3,789,357


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
MORTGAGE-BACKED SECURITIES—(Continued)
Fosse Master Issuer plc, Series 2012-1A, Class 2A2 (United Kingdom)
1.703%		10/18/2054	#^§	$	4,040,000	$	4,128,186
GSAMP Trust, Series 2004-SEA2, Class M1
0.854%		03/25/2034	#		1,700,000		1,681,868
JP Morgan Mortgage Trust, Series 2013-1, Class 2A2
2.500%		03/01/2043	#^		1,260,000		1,281,143
JPMorgan Mortgage Acquisition Corp., Series 2007-CH3, Class A2
0.284%		03/25/2037	#		130,977		130,686
Sequoia Mortgage Trust, Series 2012-1, Class 1A1
2.865%		01/25/2042	#		1,759,686		1,806,464
Sequoia Mortgage Trust, Series 2012-2, Class A2
3.500%		04/25/2042	#		1,830,962		1,883,808
Sequoia Mortgage Trust, Series 2013-1, Class 1A1
1.450%		02/25/2043	#		1,583,702		1,585,061
Sequoia Mortgage Trust, Series 2013-4, Class A3
1.550%		04/25/2043	#		1,880,000		1,882,190
Springleaf Mortgage Loan Trust, Series 2012-2A, Class A
2.220%		10/25/2057	#^		857,452		868,856
Springleaf Mortgage Loan Trust, Series 2012-3A, Class A
1.570%		12/25/2059	#^		1,083,323		1,087,563
Thornburg Mortgage Securities Trust, Series 2004-1, Class II2A
1.822%		03/25/2044	#		819,051		820,514

					21,842,466

U.S. Government Agency Mortgage-Backed Securities— 2.8%
Federal Home Loan Mortgage Corp.
3.966%		12/01/2039	#		284,106		304,051
2.385%		09/01/2035	#§		4,308,132		4,584,682
Federal National Mortgage Association
5.000%		01/01/2018			734,265		794,348
3.140%		07/01/2041	#		3,675,094		3,877,965
3.071%		06/01/2041	#		2,277,375		2,402,241
3.000%		10/01/2042			4,618,966		4,769,359
2.773%		03/01/2036	#		166,422		177,887
2.477%		03/01/2036	#		1,489,232		1,584,237
Federal National Mortgage Association REMICS, Series 2005-38, Class CD
5.000%		06/25/2019	§		136,555		137,805
Federal National Mortgage Association REMICS, Series 2012-1, Class AE
1.750%		12/25/2021	§		1,809,021		1,864,222
FHLMC Multifamily Structured Pass Through Certificates, Series KF01, Class A
0.554%		04/25/2019	#		1,133,808		1,140,046
Government National Mortgage Association, Series 2004-19, Class FC
0.503%		03/20/2034	#§		738,499		739,597
National Credit Union Administration Guaranteed Notes, Series 2010-R1, Class 1A
0.653%		10/07/2020	#§		1,312,733		1,316,842
National Credit Union Administration Guaranteed Notes, Series 2010-R1, Class 2A
1.840%		10/07/2020			313,401		317,037
National Credit Union Administration Guaranteed Notes, Series 2010-R2, Class 1A
0.573%		11/06/2017	#§		2,618,011		2,628,640


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
MORTGAGE-BACKED SECURITIES—(Continued)
National Credit Union Administration Guaranteed Notes, Series 2011-R4, Class 1A
0.583%		03/06/2020	#§	$	1,204,277	$	1,206,914

							27,845,873

TOTAL MORTGAGE-BACKED SECURITIES (Cost $52,759,814)							53,241,110

CONVERTIBLE DEBT OBLIGATIONS—37.4%
Aerospace & Defense—0.7%
Alliant Techsystems, Inc.
3.000%		08/15/2024			3,995,000		4,344,563
L-3 Communications Holdings, Inc.
3.000%		08/01/2035			2,725,000		2,769,281

							7,113,844

Automobiles—0.2%
Volkswagen International Finance NV (Netherlands)
5.500%		11/09/2015	^	EUR	1,300,000		1,707,232

Beverages—0.9%
Asahi Group Holdings Ltd. (Japan)
0.000%		05/26/2028		JPY	360,000,000		4,440,962
Molson Coors Brewing Co.
2.500%		07/30/2013			3,815,000		3,941,372

							8,382,334

Biotechnology—0.3%
Gilead Sciences, Inc.
1.625%		05/01/2016			1,250,000		2,715,631

Building Products—0.1%
Griffon Corp.
4.000%		01/15/2017	^		1,260,000		1,386,000

Capital Markets—1.8%
Affiliated Managers Group, Inc.
3.950%		08/15/2038			4,105,000		5,110,725
Ares Capital Corp.
5.750%		02/01/2016			867,000		943,946
Billion Express Investments Ltd. (Virgin Islands, British)
0.750%		10/18/2015			4,600,000		4,723,050
Temasek Financial III Pte Ltd. (Singapore)
0.000%		10/24/2014		SGD	7,750,000		6,686,238

							17,463,959

Commercial Services & Supplies—0.1%
Covanta Holding Corp.
3.250%		06/01/2014			950,000		1,228,469

Communications Equipment—0.6%
Arris Group, Inc.
2.000%		11/15/2026			5,095,000		5,715,953

Computers & Peripherals—0.8%
SanDisk Corp.
1.500%		08/15/2017			3,225,000		4,172,344
1.000%		05/15/2013			3,570,000		3,571,646

							7,743,990


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CONVERTIBLE DEBT OBLIGATIONS—(Continued)
Construction & Engineering—0.2%
Larsen & Toubro Ltd. (India)
3.500%		10/22/2014		$	1,800,000	$	1,860,300

Containers & Packaging—0.6%
Owens-Brockway Glass Container, Inc.
3.000%		06/01/2015	^		5,655,000		5,715,084

Diversified Consumer Services—0.2%
Stewart Enterprises, Inc.
3.125%		07/15/2014			2,300,000		2,410,688

Diversified Financial Services—0.6%
Industrivarden AB (Sweden)
2.500%		02/27/2015		EUR	600,000		989,075
1.875%		02/27/2017		EUR	1,850,000		2,591,965
KDDI Corp. (Japan)
0.000%		12/14/2015		JPY	180,000,000		2,602,911

							6,183,951

Diversified Telecommunication Services—0.3%
Inmarsat plc, Series ISAT (United Kingdom)
1.750%		11/16/2017			1,900,000		2,518,450

Electrical Equipment—0.7%
EnerSys, Inc.
3.375%		06/01/2038			810,000		1,022,123
General Cable Corp.
0.875%		11/15/2013			5,480,000		5,466,300

							6,488,423

Electronic Equipment, Instruments & Components—1.1%
Hon Hai Precision Industry Co. Ltd. (Taiwan)
0.000%		10/12/2013			1,800,000		1,810,800
Pegatron Corp. (Taiwan)
0.000%		02/06/2017			2,600,000		3,095,300
TPK Holding Co. Ltd. (Cayman Islands)
0.000%		10/01/2017			1,750,000		2,248,312
TTM Technologies, Inc.
3.250%		05/15/2015			3,825,000		3,832,172

							10,986,584

Energy Equipment & Services—2.5%
Bristow Group, Inc.
3.000%		06/15/2038			2,265,000		2,608,997
Exterran Holdings, Inc.
4.250%		06/15/2014			5,020,000		6,397,363
Hornbeck Offshore Services, Inc.
1.625%		11/15/2026			5,795,000		6,231,943
SEACOR Holdings, Inc.
2.500%		12/15/2027	^		760,000		830,300
Subsea 7 SA (Luxembourg)
2.250%		10/11/2013			4,000,000		4,490,000
Technip SA (France)
0.500%		01/01/2016		EUR	1,032,800		1,285,709
0.250%		01/01/2017		EUR	2,240,000		3,072,933

							24,917,245

Food Products—0.4%
Archer-Daniels-Midland Co.
0.875%		02/15/2014			3,530,000		3,569,712


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CONVERTIBLE DEBT OBLIGATIONS—(Continued)
Health Care Equipment & Supplies—3.7%
Alere, Inc.
3.000%		05/15/2016		$	3,575,000	$	3,530,313
Elekta AB (Sweden)
2.750%		04/25/2017		SEK	25,180,100		4,840,462
Hologic, Inc.
2.000%		12/15/2037			2,410,000		2,916,100
2.000%		12/15/2043			1,340,000		1,407,837
2.000%		03/01/2042			4,435,000		4,656,750
Integra LifeSciences Holdings Corp.
1.625%		12/15/2016			6,625,000		6,798,906
Medtronic, Inc., Series B
1.625%		04/15/2013			3,230,000		3,235,712
NuVasive, Inc.
2.750%		07/01/2017			6,335,000		6,192,463
Qiagen Euro Finance SA MTN (Luxembourg)
3.250%		05/16/2026			1,900,000		2,372,625

							35,951,168

Health Care Providers & Services—1.4%
LifePoint Hospitals, Inc.
3.500%		05/15/2014			7,295,000		7,992,584
Omnicare, Inc.
3.250%		12/15/2035			5,580,000		5,600,925

							13,593,509

Hotels, Restaurants & Leisure—1.0%
International Game Technology
3.250%		05/01/2014			4,415,000		4,770,960
MGM Resorts International
4.250%		04/15/2015			4,850,000		5,277,406

							10,048,366

Household Durables—0.6%
Jarden Corp.
1.875%		09/15/2018	^		2,420,000		2,769,388
Lennar Corp.
2.000%		12/01/2020	^		1,850,000		2,808,531

							5,577,919

Household Products—0.3%
Unicharm Corp. (Japan)
0.000%		09/24/2015		JPY	200,000,000		3,011,367

Industrial Conglomerates—1.2%
Danaher Corp.
0.000%		01/22/2021			865,000		1,564,028
Siemens Financieringsmaatschappij NV (Netherlands)
1.050%		08/16/2017			9,750,000		10,204,289

							11,768,317

Internet & Catalog Retail—0.4%
priceline.com, Inc.
1.000%		03/15/2018			3,960,000		4,383,225

Internet Software & Services—0.4%
WebMD Health Corp.
2.500%		01/31/2018			4,150,000		3,838,750

IT Services—0.5%
AtoS (France)
2.500%		01/01/2016		EUR	2,500,000		1,808,668


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CONVERTIBLE DEBT OBLIGATIONS—(Continued)
Cap Gemini SA (France)
3.500%		01/01/2014		EUR$	5,303,200	$	2,613,086

							4,421,754

Life Sciences Tools & Services—1.0%
Charles River Laboratories International, Inc.
2.250%		06/15/2013			4,780,000		4,830,788
Illumina, Inc.
0.250%		03/15/2016	^		5,200,000		5,018,000

							9,848,788

Machinery—1.1%
AGCO Corp.
1.250%		12/15/2036			600,000		781,500
Disco Corp. (Japan)
0.000%		12/16/2014		JPY	140,000,000		1,666,065
Greenbrier Cos., Inc.
3.500%		04/01/2018			1,455,000		1,463,184
Navistar International Corp.
3.000%		10/15/2014			380,000		389,738
Trinity Industries, Inc.
3.875%		06/01/2036			5,185,000		6,244,684

							10,545,171

Media—1.1%
Live Nation Entertainment, Inc.
2.875%		07/15/2027			4,450,000		4,483,375
Omnicom Group, Inc.
0.000%		07/01/2038			3,475,000		4,122,219
Publicis Groupe SA (France)
1.000%		01/18/2018		EUR	2,675,000		1,949,919
XM Satellite Radio, Inc.
7.000%		12/01/2014	^		400,000		710,000

							11,265,513

Metals & Mining—1.6%
ArcelorMittal (Luxembourg)
5.000%		05/15/2014			2,520,000		2,592,450
Goldcorp, Inc. (Canada)
2.000%		08/01/2014			4,220,000		4,412,537
Newmont Mining Corp., Series A
1.250%		07/15/2014			1,065,000		1,196,128
Newmont Mining Corp., Series B
1.625%		07/15/2017			2,300,000		2,827,563
Steel Dynamics, Inc.
5.125%		06/15/2014			4,500,000		5,073,750

							16,102,428

Oil, Gas & Consumable Fuels—1.1%
Beach Energy Ltd. (Australia)
3.950%		04/03/2017		AUD	1,700,000		1,845,178
Chesapeake Energy Corp.
2.500%		05/15/2037			6,125,000		5,899,140
Goodrich Petroleum Corp.
5.000%		10/01/2029			3,045,000		3,043,097

							10,787,415

Pharmaceuticals—1.9%
ALZA Corp.
0.000%		07/28/2020			1,853,000		2,075,360
Medicines Co. (The)
1.375%		06/01/2017	^		1,595,000		2,148,265


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
CONVERTIBLE DEBT OBLIGATIONS—(Continued)
Sawai Pharmaceutical Co. Ltd. (Japan)
0.000%		09/17/2015		JPY$	295,000,000	$	3,909,412
Shire plc (Jersey, Channel Islands)
2.750%		05/09/2014			4,270,000		4,660,705
Teva Pharmaceutical Finance Co. LLC, Series C
0.250%		02/01/2026			3,245,000		3,388,997
UCB SA (Belgium)
4.500%		10/22/2015		EUR	1,500,000		2,578,922

							18,761,661

Real Estate Investment Trusts (REITs)—1.1%
Boston Properties LP
3.625%		02/15/2014	^		3,240,000		3,359,475
Health Care REIT, Inc.
3.000%		12/01/2029			2,190,000		2,874,375
ProLogis LP
3.250%		03/15/2015			4,125,000		4,772,109

							11,005,959

Road & Rail—0.1%
Avis Budget Group, Inc.
3.500%		10/01/2014			800,000		1,437,000

Semiconductors & Semiconductor Equipment—1.4%
Lam Research Corp.
0.500%		05/15/2016			2,560,000		2,614,400
Linear Technology Corp., Series A
3.000%		05/01/2027			2,690,000		2,881,662
Micron Technology, Inc.
1.875%		06/01/2014			5,270,000		5,428,100
SK Hynix, Inc. (Korea, Republic of)
2.650%		05/14/2015			2,600,000		2,918,500

							13,842,662

Software—2.3%
Electronic Arts, Inc.
0.750%		07/15/2016			5,340,000		5,199,825
Mentor Graphics Corp.
4.000%		04/01/2031			1,300,000		1,533,187
Nuance Communications, Inc.
2.750%		11/01/2031			4,175,000		4,334,172
Rovi Corp.
2.625%		02/15/2040			2,505,000		2,559,797
Salesforce.com, Inc.
0.250%		04/01/2018	^		2,000,000		2,006,250
Symantec Corp., Series B
1.000%		06/15/2013			1,735,000		2,240,319
TIBCO Software, Inc.
2.250%		05/01/2032	^		5,080,000		4,943,475

							22,817,025

Specialty Retail—0.5%
Group 1 Automotive, Inc.
2.250%		06/15/2036			4,587,000		5,332,388

Textiles, Apparel & Luxury Goods—1.0%
Adidas AG, Series ADS (Germany)
0.250%		06/14/2019		EUR	2,200,000		3,402,696
Iconix Brand Group, Inc.
2.500%		06/01/2016	^		4,980,000		5,555,813
1.500%		03/15/2018	^		1,000,000		1,080,000

							10,038,509


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date				Face		Value
CONVERTIBLE DEBT OBLIGATIONS—(Continued)
Trading Companies & Distributors—0.3%
Titan Machinery, Inc.
3.750%		05/01/2019		^	$	2,570,000	$	2,597,306

Transportation Infrastructure—0.9%
Deutsche Post AG (Germany)
0.600%		12/06/2019			EUR	6,000,000		8,699,403

Wireless Telecommunication Services—0.4%
Leap Wireless International, Inc.
4.500%		07/15/2014				3,905,000		3,997,744
SK Telecom Co. Ltd. (South Korea)
1.750%		04/07/2014				200,000		241,000

								4,238,744

TOTAL CONVERTIBLE DEBT OBLIGATIONS (Cost $351,542,919)								368,022,196

U.S. TREASURY OBLIGATIONS—5.4%
U.S. Treasury Bills—2.8%
U.S. Treasury Bill
0.106%		07/18/2013				7,300,000		7,298,416
0.105%		04/04/2013				10,700,000		10,699,940
0.104%		09/26/2013				2,700,000		2,698,599
0.087%		05/16/2013				2,000,000		1,999,882
0.081%		05/30/2013				1,000,000		999,904
0.061%		06/13/2013		‡‡		4,460,000		4,459,500

								28,156,241

U.S. Treasury Notes—2.6%
U.S. Treasury Note
1.250%		10/31/2015				310,000		317,435
0.375%		01/15/2016 03/15/2016	-			21,185,000		21,205,847
0.250%		04/30/2014 12/15/2015	-			2,310,000		2,307,485
0.250%		09/15/2014		§		1,300,000		1,300,863
0.125%		09/30/2013		‡‡		200,000		200,031

								25,331,661

TOTAL U.S. TREASURY OBLIGATIONS (Cost $53,438,164)								53,487,902

GOVERNMENT RELATED OBLIGATIONS—2.9%
U.S. Government Agencies—0.7%
Federal National Mortgage Association
0.500%		03/30/2016				3,650,000		3,656,924
National Credit Union Administration Guaranteed Notes, Series A1
0.222%		06/12/2013		#		1,510,000		1,509,970
National Credit Union Administration Guaranteed Notes, Series A2
1.400%		06/12/2015				2,050,000		2,096,022

								7,262,916

Non-U.S. Government Agencies—0.3%
IPIC Ltd. MTN (Cayman Islands)
3.125%		11/15/2015		^		600,000		629,100
Petrobras International Finance Co. (Cayman Islands)
2.875%		02/06/2015		§		470,000		480,934


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	$	1,505,000

							2,615,034

Sovereign Debt—0.7%
Mexican Bonos (Mexico)
6.000%		06/18/2015		MXN	30,649,000		2,578,040
Mexico Government International Bond (Mexico)
5.875%		02/17/2014	§		1,300,000		1,357,850
Panama Government International Bond (Panama)
7.250%		03/15/2015	§		1,150,000		1,285,125
Qatar Government International Bond (Qatar)
3.125%		01/20/2017	^		900,000		956,250
South Africa Government International Bond (South Africa)
6.500%		06/02/2014	§		1,000,000		1,066,000

							7,243,265

U.S. Municipal Bonds—1.0%
Citizens Property Insurance Corp. Revenue Bonds, Series 2012 (Florida)
2.500%		06/01/2013	§		1,500,000		1,505,430
Jobsohio Beverage Systems Ohio Statewide Liquor Profits (Ohio)
0.872%		01/01/2015	§		510,000		510,724
Michigan Finance Authority, Series B-1 (Michigan)
2.000%		08/20/2013	§		220,000		221,421
New York Liberty Development Corp. (New York)
0.250%		12/01/2049	§		530,000		530,005
Orange County California Pension Obligation, Series A (California)
0.610%		11/01/2013			310,000		310,090
South Carolina State Public Service Authority Revenue Bonds, Series 2011-A (South Carolina)
0.904%		06/02/2014	#§		1,500,000		1,502,415
State of California, Series A-2 (California)
2.500%		06/20/2013	§		1,270,000		1,276,452
State of Louisiana General Obligation Bonds, Series 2011-B (Louisiana)
0.943%		07/15/2014	#§		1,695,000		1,701,916
University of California Revenue Bonds (California)
1.988%		05/15/2050	#		1,000,000		1,001,260
0.784%		07/01/2041	#		1,000,000		1,003,100

							9,562,813

Non-U.S. Regional Authority Bonds—0.2%
Province of Ontario (Canada)
2.950%		02/05/2015			1,530,000		1,600,522

TOTAL GOVERNMENT RELATED OBLIGATIONS (Cost $27,752,362)							28,284,550

ASSET-BACKED SECURITIES—6.0%
Automobiles—2.6%
Ally Auto Receivables Trust Series 2012-SN1, Class A2
0.510%		12/22/2014	§		674,011		674,433
Ally Master Owner Trust Series 2013-1, Class A1
0.653%		02/15/2018	#§		2,200,000		2,204,077


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
ASSET-BACKED SECURITIES—(Continued)
AmeriCredit Automobile Receivables Trust Series 2012-1, Class A2
0.910%		10/08/2015	§	$	1,395,605	$	1,398,529
Capital Auto Receivables Asset Trust Series 2013-1, Class A2
0.620%		07/20/2016	§		1,800,000		1,801,400
Capital Auto Receivables Asset Trust Series 2013-1, Class B
1.290%		04/20/2018			370,000		370,047
Capital Auto Receivables Asset Trust Series 2013-1, Class C
1.740%		10/22/2018			380,000		381,083
CarMax Auto Owner Trust Series 2012-1, Class A2
0.590%		03/16/2015	§		1,971,220		1,972,859
Enterprise Fleet Financing LLC Series 2012-1, Class A2
1.140%		11/20/2017	^		3,151,976		3,165,667
First Investors Auto Owner Trust Series 2011-1, Class C
3.400%		03/15/2016	^		1,400,000		1,421,560
Honda Auto Receivables Owner Trust Series 2012-1, Class A2
0.570%		08/15/2014	§		743,524		743,928
Hyundai Auto Receivables Trust Series 2012-A, Class A3
0.720%		03/15/2016	§		2,670,000		2,678,607
Hyundai Capital Auto Funding VIII Ltd. (Cayman Islands) Series 2010-8A, Class A
1.203%		09/20/2016	#^		837,386		839,144
Nissan Master Owner Trust Receivables Series 2013-A, Class A
0.503%		02/15/2018	#§		5,450,000		5,453,564
Santander Drive Auto Receivables Trust Series 2013-1, Class A2
0.480%		02/16/2016	§		1,075,000		1,075,127
World Omni Master Owner Trust Series 2013-1, Class A
0.602%		02/15/2018	#^§		1,575,000		1,576,060

							25,756,085

Credit Card—2.5%
American Express Centurion Bank
0.743%		11/13/2015	#§		890,000		892,910
Capital One Multi-Asset Execution Trust Series 2008-A3, Class A3
5.050%		02/15/2016	§		3,050,000		3,056,843
Cards II Trust Series 2012-4A, Class A
0.653%		09/15/2017	#^§		1,000,000		1,005,219
Chase Issuance Trust Series 2011-A2, Class A2
0.293%		05/15/2015	#§		2,500,000		2,500,234
Chester Asset Receivables Dealings plc (United Kingdom) Series 2004-1, Class A
0.700%		04/15/2016	#	GBP	1,040,000		1,580,643
Citibank Credit Card Issuance Trust Series 2003-A7, Class A7
4.150%		07/07/2017	§		2,700,000		2,917,978


Vantagepoint Diversifying Strategies Fund
Coupon Rate	Maturity Date			Face		Value
ASSET-BACKED SECURITIES—(Continued)
Discover Card Master Trust Series 2012-A1, Class A1
0.810%		08/15/2017	§	$	3,000,000	$	3,019,128
GE Capital Credit Card Master Note Trust Series 2012-1, Class A
1.030%		01/15/2018			2,200,000		2,220,895
Golden Credit Card Trust (Canada) Series 2012-3A, Class A
0.653%		07/17/2017	#^§		1,900,000		1,911,475
Gracechurch Card Funding plc (United Kingdom) Series 2012-1A, Class A1
0.903%		02/15/2017	#^§		3,950,000		3,983,621
Gracechurch Card Funding plc (United Kingdom) Series 2012-1A, Class A2
0.918%		02/15/2017	#^	EUR	1,200,000		1,555,697

							24,644,643

Home Equity—0.3%
Argent Securities, Inc. Series 2006-W3, Class A2B
0.324%		04/25/2036	#		69,877		26,119
Bear Stearns Asset Backed Securities Trust Series 2006-HE7, Class 1A1
0.254%		09/25/2036	#		77,446		77,155
Countrywide Asset-Backed Certificates Series 2005-12, Class 2A3
5.069%		02/25/2036	#		496,584		503,782
Option One Mortgage Loan Trust Series 2005-4, Class A3
0.464%		11/25/2035	#		593,324		583,345
Saxon Asset Securities Trust Series 2005-4, Class A2C
0.454%		11/25/2037	#		231,280		230,221
Structured Asset Investment Loan Trust Series 2003-BC1, Class A2
0.884%		01/25/2033	#		1,668,144		1,663,559

							3,084,181

Other—0.4%
CenterPoint Energy Transition Bond Co. IV LLC Series 2012-1, Class A1
0.901%		04/15/2018			2,376,996		2,392,972
Great America Leasing Receivables Series 2013-1, Class A2
0.610%		05/15/2015	^§		1,000,000		1,000,162
Great America Leasing Receivables Series 2013-1, Class C
1.830%		06/17/2019	^		270,000		270,917

							3,664,051

Student Loan—0.2%
National Credit Union Administration Guaranteed Notes Series 2010-A1, Class A
0.553%		12/07/2020	#§		2,388,511		2,395,390

TOTAL ASSET-BACKED SECURITIES (Cost $59,491,483)							59,544,350

				Contracts		Value
PURCHASED OPTIONS—0.0%
Put - Swiss Market Index, Expires 06/21/2013, Strike CHF 7,675.00					610		104,183

Vantagepoint

Diversifying Strategies

Fund

Contracts

Value

PURCHASED OPTIONS—(Continued)

Call—U.S. 10 Year Treasury Note, Expires 05/24/2013, Strike $115.00

101,906

TOTAL PURCHASED OPTIONS
(Cost $214,221)

206,089

Coupon

Rate

Maturity
Date

Face

Value

CERTIFICATES OF DEPOSIT—0.1%

Commercial Banks—0.1%

Svenska Handelsbanken AB

0.834%

09/25/2013

(Cost $912,317)

910,000

912,947

COMMERCIAL PAPER—0.2%

Commercial Banks—0.1%

Royal Bank of Scotland Group plc (United Kingdom)

0.672%

05/02/2013

800,000

799,752

Wireless Telecommunication Services—0.1%

Vodafone Group plc (United Kingdom)

0.582%

10/15/2013

825,000

822,616

TOTAL COMMERCIAL PAPER
(Cost $1,621,920)

1,622,368

Value

MONEY MARKET FUNDS—2.6%

Institutional Money Market Fund—2.6%

Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class, 0.14%
(Cost $26,110,200)

26,110,200

FLOATING RATE LOANS—0.1%**

Maturity
Date

Face

Value

Cricket Communications, Inc. Term Loan A

02/01/2020

(Cost $1,206,000)

1,200,000

1,208,850

TOTAL INVESTMENTS—100.1%
(Cost $955,745,371)

986,478,618

Other assets less liabilities—(0.1%)

(1,399,861

)

NET ASSETS—100.0%

985,078,757

Legend to the Schedule of Investments:

AUD	Australian Dollar

BRL	Brazilian Real

CHF	Swiss Franc

EUR	European Monetary Unit

GBP	British Pound Sterling

JPY	Japanese Yen

MTN	Medium Term Note

MXN	Mexican Peso

REIT	Real Estate Investment Trust

SEK	Swedish Krona

SGD	Singapore Dollar

*	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 $170,259,138, which represents 17.3% of Net Assets. The illiquid 144A securities represented 0.1% of Net Assets, and 0.5% of total 144A securities held.

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

§	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.

‡	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.

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

**	Floating Rate Loan positions may involve multiple underlying tranches. In those instances, the position presented reflects the aggregate of those respective underlying tranches and the rate presented reflects their weighted average rate.

p	This Floating Rate Loan will settle after March 31, 2013, at which time the interest rate will be determined.


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—21.2%
Aerospace & Defense—0.2%
Boeing Co. (The)
6.125%		02/15/2033		$	100,000	$	126,935
4.875%		02/15/2020	†		200,000		237,648
L-3 Communications Corp.
4.950%		02/15/2021			300,000		335,936
Lockheed Martin Corp.
4.070%		12/15/2042	^		285,000		261,733
Northrop Grumman Corp.
3.500%		03/15/2021			300,000		321,416
United Technologies Corp.
6.700%		08/01/2028			150,000		200,510
4.875%		05/01/2015			500,000		545,475
4.500%		06/01/2042			200,000		214,060
3.100%		06/01/2022			200,000		210,035
1.800%		06/01/2017			300,000		309,756

							2,763,504

Airlines—0.0%
American Airlines, Inc., Series 2011-1 A
5.250%		01/31/2021			270,515		294,861
Continental Airlines, Inc., Series 2010-1 A,
Class A
4.750%		01/12/2021			276,957		303,961

							598,822

Auto Components—0.0%
Johnson Controls, Inc.
5.500%		01/15/2016			250,000		279,489
4.250%		03/01/2021			300,000		329,910

							609,399

Automobiles—0.0%
Ford Motor Co.
7.450%		07/16/2031			200,000		253,943
4.750%		01/15/2043			200,000		187,141

							441,084

Beverages—0.6%
Anheuser-Busch InBev Finance, Inc.
2.625%		01/17/2023			200,000		198,134
0.800%		01/15/2016			200,000		200,280
Anheuser-Busch InBev Worldwide, Inc.
8.200%		01/15/2039			300,000		484,180
7.750%		01/15/2019			500,000		657,857
6.875%		11/15/2019			300,000		389,129
5.375%		01/15/2020			500,000		603,922
3.750%		07/15/2042			200,000		188,282
1.500%		07/14/2014			200,000		202,367
0.800%		07/15/2015			500,000		501,232
Beam, Inc.
5.375%		01/15/2016			90,000		99,968
Bottling Group LLC
5.500%		04/01/2016			500,000		568,933
Coca-Cola Co. (The)
5.350%		11/15/2017			500,000		593,407
4.875%		03/15/2019			300,000		354,055
3.150%		11/15/2020			200,000		216,407
0.750%		03/13/2015			300,000		301,676
Coca-Cola Enterprises, Inc.
4.500%		09/01/2021			300,000		339,563
Diageo Finance BV (Netherlands)
5.300%		10/28/2015			750,000		835,232


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
PepsiCo, Inc.
3.000%		08/25/2021		$	500,000	$	526,026

							7,260,650

Biotechnology—0.2%
Amgen, Inc.
6.900%		06/01/2038			267,000		353,843
6.150%		06/01/2018			500,000		608,654
5.850%		06/01/2017			250,000		295,590
5.150%		11/15/2041			300,000		323,138
3.875%		11/15/2021			300,000		328,029
Genentech, Inc.
5.250%		07/15/2035			100,000		117,416
Gilead Sciences, Inc.
4.400%		12/01/2021			300,000		338,289

							2,364,959

Capital Markets—1.4%
Bank of New York Mellon Corp. (The)
3.550%		09/23/2021			300,000		325,268
Bank of New York Mellon Corp. (The) MTN
2.300%		07/28/2016			100,000		104,840
Bank of New York Mellon Corp. (The), Series 1
2.950%		06/18/2015	†		500,000		525,724
Bear Stearns Cos. LLC (The)
7.250%		02/01/2018			350,000		435,426
6.400%		10/02/2017			400,000		478,000
4.650%		07/02/2018			400,000		451,902
BlackRock, Inc.
4.250%		05/24/2021			500,000		563,141
Credit Suisse USA, Inc.
5.125%		08/15/2015			500,000		549,091
Goldman Sachs Group, Inc. (The)
6.250%		09/01/2017			500,000		587,895
6.250%		02/01/2041			500,000		596,308
6.150%		04/01/2018			500,000		589,829
6.125%		02/15/2033			600,000		692,205
5.950%		01/15/2027			300,000		335,629
5.750%		01/24/2022			300,000		349,433
5.250%		07/27/2021			300,000		340,502
5.125%		01/15/2015			500,000		534,413
5.000%		10/01/2014			553,000		585,636
3.625%		02/07/2016			500,000		531,357
Goldman Sachs Group, Inc. (The) MTN
7.500%		02/15/2019			300,000		375,781
5.375%		03/15/2020			300,000		342,292
1.600%		11/23/2015			300,000		302,943
Jefferies Group LLC
6.250%		01/15/2036			230,000		240,925
5.125%		04/13/2018			300,000		328,500
Mellon Funding Corp.
5.200%		05/15/2014			400,000		421,503
Merrill Lynch & Co., Inc.
6.875%		11/15/2018			250,000		307,268
Merrill Lynch & Co., Inc. MTN
6.875%		04/25/2018			500,000		604,171
Morgan Stanley
7.250%		04/01/2032			100,000		129,056
5.750%		01/25/2021			600,000		694,465
4.750%		03/22/2017			300,000		331,209
3.750%		02/25/2023			300,000		303,859
1.750%		02/25/2016			300,000		302,549


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Morgan Stanley MTN
6.000%		05/13/2014		$	500,000	$	527,142
5.450%		01/09/2017			500,000		560,147
Morgan Stanley, Series F MTN
6.625%		04/01/2018			500,000		598,351
6.000%		04/28/2015			1,000,000		1,089,821
5.950%		12/28/2017			500,000		579,481
Nomura Holdings, Inc. (Japan)
6.700%		03/04/2020			300,000		359,469
Northern Trust Corp.
3.375%		08/23/2021			500,000		534,714

							17,510,245

Chemicals—0.4%
Agrium, Inc. (Canada)
6.125%		01/15/2041			400,000		450,512
Airgas, Inc.
2.950%		06/15/2016			200,000		210,766
2.375%		02/15/2020			300,000		299,826
Dow Chemical Co. (The)
8.550%		05/15/2019			629,000		846,544
5.250%		11/15/2041			300,000		321,908
4.125%		11/15/2021	†		150,000		160,866
E.I. du Pont de Nemours & Co.
4.900%		01/15/2041			200,000		228,732
4.250%		04/01/2021			300,000		342,874
2.800%		02/15/2023			300,000		305,344
2.750%		04/01/2016			300,000		318,386
Ecolab, Inc.
5.500%		12/08/2041			300,000		346,175
Monsanto Co.
5.500%		08/15/2025			200,000		254,090
PPG Industries, Inc.
3.600%		11/15/2020			400,000		429,359
Praxair, Inc.
3.250%		09/15/2015			500,000		531,911
2.200%		08/15/2022			400,000		390,882

							5,438,175

Commercial Banks—1.7%
Abbey National Treasury Services plc (United Kingdom)
2.875%		04/25/2014			300,000		305,329
American Express Centurion Bank
0.875%		11/13/2015			400,000		400,247
Bank of Montreal MTN (Canada)
2.500%		01/11/2017			400,000		418,364
Bank of Nova Scotia (Canada)
2.050%		10/07/2015			400,000		412,396
Barclays Bank plc (United Kingdom)
3.900%		04/07/2015			700,000		740,735
2.750%		02/23/2015			300,000		309,963
BB&T Corp.
5.250%		11/01/2019			500,000		577,011
5.200%		12/23/2015			300,000		333,398
BB&T Corp. MTN
1.600%		08/15/2017			400,000		404,312
BBVA US Senior SAU (Spain)
4.664%		10/09/2015			400,000		410,432
BNP Paribas SA (France)
3.250%		03/11/2015			500,000		518,693
BNP Paribas SA, Bank Note (France)
5.000%		01/15/2021			400,000		451,769


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date		Face		Value
CORPORATE OBLIGATIONS—(Continued)
Capital One Financial Corp.
6.150%		09/01/2016	$	200,000	$	230,096
2.125%		07/15/2014		200,000		203,192
Commonwealth Bank of Australia (Australia)
1.250%		09/18/2015		300,000		303,157
Credit Suisse (Switzerland)
5.500%		05/01/2014		500,000		526,161
5.400%		01/14/2020		200,000		224,494
Discover Bank
7.000%		04/15/2020		200,000		249,322
HSBC Bank USA NA
4.875%		08/24/2020		400,000		449,830
HSBC Holdings plc (United Kingdom)
6.100%		01/14/2042		500,000		636,485
4.000%		03/30/2022		500,000		538,985
HSBC USA, Inc.
2.375%		02/13/2015		400,000		411,756
Intesa Sanpaolo SpA (Italy)
3.125%		01/15/2016		300,000		293,456
KeyBank NA, Bank Note
5.800%		07/01/2014		400,000		424,705
KeyCorp MTN
5.100%		03/24/2021		500,000		583,080
LBBW (Germany)
7.625%		02/01/2023		200,000		261,584
National Australia Bank Ltd. (Australia)
1.600%		08/07/2015		500,000		509,024
National City Corp.
6.875%		05/15/2019		500,000		619,819
PNC Funding Corp.
2.700%		09/19/2016		200,000		210,726
Royal Bank of Canada MTN (Canada)
2.875%		04/19/2016		300,000		317,763
Royal Bank of Scotland plc (The) (United Kingdom)
6.125%		01/11/2021		300,000		362,605
4.375%		03/16/2016		500,000		544,561
Sumitomo Mitsui Banking Corp. (Japan)
3.200%		07/18/2022		200,000		202,827
1.350%		07/18/2015		300,000		303,457
SunTrust Banks, Inc.
3.600%		04/15/2016		500,000		535,809
Toronto-Dominion Bank (The) (Canada)
1.375%		07/14/2014		300,000		303,265
U.S. Bank NA, Bank Note
4.800%		04/15/2015		250,000		270,832
UBS AG (Switzerland)
7.000%		10/15/2015		100,000		112,288
UBS AG MTN (Switzerland)
7.375%		06/15/2017		100,000		115,810
5.875%		07/15/2016		700,000		786,259
US Bancorp
4.200%		05/15/2014		400,000		417,096
US Bancorp MTN
2.950%		07/15/2022		200,000		199,447
1.650%		05/15/2017		500,000		510,023
Wachovia Bank NA, Bank Note
6.600%		01/15/2038		300,000		398,690
Wells Fargo & Co.
5.000%		11/15/2014		750,000		798,596
3.676%		06/15/2016		400,000		432,854
Wells Fargo & Co. MTN
4.600%		04/01/2021		500,000		571,996


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
3.500%		03/08/2022		$	300,000	$	315,905
2.100%		05/08/2017			300,000		309,666
Wells Fargo & Co., Series M
3.450%		02/13/2023			300,000		302,644
Wells Fargo Bank NA
5.950%		08/26/2036			100,000		123,931
Westpac Banking Corp. (Australia)
4.200%		02/27/2015			400,000		426,997
3.000%		08/04/2015			400,000		420,314

							21,042,156

Commercial Services & Supplies—0.1%
Republic Services, Inc.
5.700%		05/15/2041			200,000		234,324
5.500%		09/15/2019			300,000		356,643
Waste Management, Inc.
7.000%		07/15/2028			50,000		67,134
6.375%		03/11/2015			400,000		442,071

							1,100,172

Communications Equipment—0.2%
Cisco Systems, Inc.
5.500%		02/22/2016			500,000		568,618
4.950%		02/15/2019			500,000		590,972
Corning, Inc.
4.750%		03/15/2042			400,000		409,214
Harris Corp.
6.150%		12/15/2040			250,000		292,627
Juniper Networks, Inc.
3.100%		03/15/2016			400,000		419,476
Motorola Solutions, Inc.
7.500%		05/15/2025			340,000		431,367

							2,712,274

Computers & Peripherals—0.1%
Dell, Inc.
5.400%		09/10/2040			300,000		254,457
Hewlett-Packard Co.
4.650%		12/09/2021	†		300,000		311,626
3.300%		12/09/2016			300,000		312,701
2.200%		12/01/2015			250,000		255,066
2.125%		09/13/2015			500,000		507,218

							1,641,068

Construction Materials—0.0%
CRH America, Inc.
6.000%		09/30/2016			250,000		284,660

Consumer Finance—0.7%
American Express Co.
4.050%		12/03/2042			472,000		454,987
American Express Credit Corp. MTN
2.800%		09/19/2016			400,000		423,885
2.750%		09/15/2015			400,000		418,477
Capital One Bank USA NA
8.800%		07/15/2019			500,000		681,731
Caterpillar Financial Services Corp. MTN
2.850%		06/01/2022			300,000		307,949
2.750%		06/24/2015			200,000		209,394
2.650%		04/01/2016			400,000		422,352
1.625%		06/01/2017			300,000		305,649
Ford Motor Credit Co. LLC
8.700%		10/01/2014			200,000		221,931
5.875%		08/02/2021			500,000		572,925


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
5.000%		05/15/2018		$	200,000	$	220,782
4.250%		02/03/2017			200,000		214,226
4.250%		09/20/2022			200,000		207,192
3.984%		06/15/2016			300,000		318,076
3.000%		06/12/2017			300,000		307,977
2.750%		05/15/2015			500,000		510,644
HSBC Finance Capital Trust IX
5.911%		11/30/2035	#		500,000		506,250
John Deere Capital Corp.
1.200%		10/10/2017			300,000		300,922
John Deere Capital Corp. MTN
3.900%		07/12/2021			300,000		334,680
2.250%		06/07/2016			200,000		208,894
SLM Corp. MTN
3.875%		09/10/2015			200,000		208,379
SLM Corp., Series A MTN
8.450%		06/15/2018			400,000		476,000
Toyota Motor Credit Corp.
0.875%		07/17/2015			500,000		503,451
Toyota Motor Credit Corp. MTN
4.500%		06/17/2020			300,000		345,651
2.625%		01/10/2023			300,000		300,019
1.250%		10/05/2017			400,000		400,000

							9,382,423

Diversified Financial Services—1.9%
Bank of America Corp.
7.750%		08/15/2015			250,000		282,616
5.875%		01/05/2021			400,000		473,133
5.875%		02/07/2042			300,000		357,753
5.625%		07/01/2020			500,000		584,370
4.500%		04/01/2015			700,000		742,093
3.875%		03/22/2017			700,000		753,728
3.300%		01/11/2023			500,000		494,051
1.500%		10/09/2015			400,000		401,568
Bank of America Corp. MTN
5.000%		05/13/2021			300,000		336,841
3.625%		03/17/2016			500,000		530,766
Bank of America Corp., Series L MTN
7.375%		05/15/2014			200,000		214,094
5.650%		05/01/2018			500,000		579,052
Citigroup, Inc.
8.500%		05/22/2019			300,000		400,177
8.125%		07/15/2039			500,000		735,353
6.625%		06/15/2032			350,000		418,433
6.375%		08/12/2014			500,000		536,012
6.125%		11/21/2017			750,000		887,691
6.010%		01/15/2015			179,000		193,909
6.000%		08/15/2017			600,000		701,229
5.850%		12/11/2034			36,000		42,379
4.500%		01/14/2022			500,000		556,926
4.050%		07/30/2022			300,000		310,508
3.953%		06/15/2016			200,000		215,666
2.650%		03/02/2015			400,000		411,239
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA (Netherlands)
3.875%		02/08/2022			400,000		422,735
3.375%		01/19/2017			300,000		321,472
2.125%		10/13/2015			200,000		206,104
Deutsche Bank AG (Germany)
6.000%		09/01/2017			650,000		771,940
Deutsche Bank Financial LLC MTN
5.375%		03/02/2015			250,000		266,962


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
General Electric Capital Corp.
2.950%		05/09/2016		$	400,000	$	423,131
General Electric Capital Corp. MTN
5.875%		01/14/2038			700,000		819,027
5.400%		02/15/2017			650,000		747,253
General Electric Capital Corp., Series A MTN
6.875%		01/10/2039			300,000		394,419
6.750%		03/15/2032			750,000		957,454
5.625%		09/15/2017			300,000		351,945
5.500%		01/08/2020			500,000		593,339
4.625%		01/07/2021			300,000		338,300
General Electric Capital Corp., Series A
3.750%		11/14/2014			500,000		525,247
JPMorgan Chase & Co.
6.400%		05/15/2038			300,000		386,030
6.300%		04/23/2019			500,000		611,496
5.600%		07/15/2041			200,000		238,786
5.125%		09/15/2014			500,000		530,579
4.750%		03/01/2015			500,000		537,171
4.625%		05/10/2021			300,000		335,882
4.500%		01/24/2022			400,000		439,172
3.450%		03/01/2016			500,000		531,953
3.200%		01/25/2023			500,000		500,236
JPMorgan Chase & Co. MTN
1.875%		03/20/2015			500,000		509,753
JPMorgan Chase Bank NA, Bank Note
6.000%		10/01/2017			500,000		589,565
National Rural Utilities Cooperative Finance Corp.
10.375%		11/01/2018			281,000		410,565
3.050%		03/01/2016			250,000		265,193
Western Union Co. (The)
5.253%		04/01/2020			502,000		538,654

							24,723,950

Diversified Telecommunication Services—1.0%
AT&T, Inc.
6.550%		02/15/2039			200,000		247,908
6.300%		01/15/2038			250,000		300,904
6.150%		09/15/2034			500,000		593,139
5.800%		02/15/2019			550,000		664,121
5.625%		06/15/2016			450,000		514,167
5.550%		08/15/2041			300,000		331,912
5.350%		09/01/2040			307,000		329,882
4.350%		06/15/2045	^		758,000		707,610
1.600%		02/15/2017			400,000		405,266
BellSouth Capital Funding Corp.
7.875%		02/15/2030			122,000		157,455
BellSouth Corp.
6.875%		10/15/2031			19,000		22,999
5.200%		09/15/2014			500,000		532,770
British Telecommunications plc (United Kingdom)
9.625%		12/15/2030			250,000		388,502
Cellco Partnership/Verizon Wireless Capital LLC
8.500%		11/15/2018			250,000		333,090
Deutsche Telekom International Finance BV (Netherlands)
8.750%		06/15/2030			300,000		425,893
Embarq Corp.
7.082%		06/01/2016			250,000		286,411
France Telecom SA (France)
8.500%		03/01/2031			500,000		705,073


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Qwest Capital Funding, Inc.
6.875%		07/15/2028		$	115,000	$	111,109
Qwest Corp.
6.500%		06/01/2017			250,000		289,491
Telecom Italia Capital SA (Luxembourg)
6.999%		06/04/2018			300,000		340,058
6.000%		09/30/2034			250,000		233,340
Telefonica Emisiones SAU (Spain)
5.134%		04/27/2020			600,000		633,230
3.729%		04/27/2015			200,000		207,481
Telefonica Europe BV (Netherlands)
8.250%		09/15/2030			350,000		415,914
Verizon Communications, Inc.
6.400%		02/15/2038			500,000		603,415
6.350%		04/01/2019			500,000		614,359
6.000%		04/01/2041			300,000		350,232
5.850%		09/15/2035			250,000		287,896
3.000%		04/01/2016	†		400,000		423,798
2.450%		11/01/2022			300,000		284,327
0.700%		11/02/2015			400,000		398,258
Verizon Global Funding Corp.
7.750%		12/01/2030			130,000		178,074

							12,318,084

Electric Utilities—1.6%
Alabama Power Co., Series Q
5.500%		10/15/2017			150,000		177,792
Ameren Illinois Co.
2.700%		09/01/2022			400,000		403,849
Arizona Public Service Co.
4.500%		04/01/2042			300,000		316,305
Commonwealth Edison Co.
5.900%		03/15/2036			300,000		382,165
5.800%		03/15/2018			100,000		120,545
Consolidated Edison Co. of New York, Inc., Series 06-C
5.500%		09/15/2016			500,000		578,344
Constellation Energy Group, Inc.
5.150%		12/01/2020			400,000		457,456
Consumers Energy Co., Series P
5.500%		08/15/2016			150,000		173,051
Dominion Resources, Inc., Series A
5.600%		11/15/2016			300,000		347,398
Dominion Resources, Inc., Series C
4.900%		08/01/2041			300,000		331,661
Duke Energy Carolinas LLC
6.450%		10/15/2032			330,000		429,588
4.300%		06/15/2020			100,000		115,103
4.000%		09/30/2042			300,000		296,158
Duke Energy Corp.
2.150%		11/15/2016			200,000		206,855
Duke Energy Indiana, Inc.
3.750%		07/15/2020			300,000		331,043
Entergy Corp.
4.700%		01/15/2017			500,000		546,456
Exelon Corp.
4.900%		06/15/2015			350,000		379,056
FirstEnergy Corp.
2.750%		03/15/2018			300,000		303,746
FirstEnergy Corp., Series C
7.375%		11/15/2031			150,000		176,194
Florida Power & Light Co.
5.625%		04/01/2034			50,000		61,835


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date		Face		Value
CORPORATE OBLIGATIONS—(Continued)
5.125%		06/01/2041	$	200,000	$	238,370
4.950%		06/01/2035		100,000		115,398
Florida Power Corp.
6.400%		06/15/2038		350,000		468,653
0.650%		11/15/2015		300,000		300,226
Georgia Power Co., Series 07-A
5.650%		03/01/2037		200,000		241,942
Great Plains Energy, Inc.
4.850%		06/01/2021		400,000		447,546
Indiana Michigan Power Co.
7.000%		03/15/2019		250,000		315,305
Jersey Central Power & Light
5.625%		05/01/2016		500,000		562,624
Kentucky Utilities Co.
5.125%		11/01/2040		500,000		600,517
MidAmerican Energy Co. MTN
5.800%		10/15/2036		500,000		627,093
MidAmerican Energy Holdings Co.
6.125%		04/01/2036		200,000		249,418
Mississippi Power Co., Series 2012-A
4.250%		03/15/2042		300,000		301,741
NextEra Energy Capital Holdings, Inc.
6.000%		03/01/2019		250,000		295,387
4.500%		06/01/2021		200,000		222,577
1.200%		06/01/2015		500,000		504,050
Nisource Finance Corp.
5.450%		09/15/2020		500,000		586,917
5.250%		02/15/2043		300,000		315,516
Northern States Power Co.
5.250%		03/01/2018		500,000		596,818
Ohio Power Co., Series K
6.000%		06/01/2016		500,000		572,891
Pacific Gas & Electric Co.
6.050%		03/01/2034		500,000		627,467
4.450%		04/15/2042		300,000		314,841
Peco Energy Co.
2.375%		09/15/2022		200,000		200,691
Potomac Electric Power Co.
7.900%		12/15/2038		200,000		319,805
Progress Energy, Inc.
7.050%		03/15/2019		400,000		508,146
4.400%		01/15/2021		300,000		336,157
PSEG Power LLC
8.625%		04/15/2031		300,000		437,189
2.750%		09/15/2016		200,000		208,175
Public Service Electric & Gas Co. MTN
3.650%		09/01/2042		200,000		193,161
Puget Sound Energy, Inc.
4.434%		11/15/2041		300,000		320,196
South Carolina Electric & Gas Co.
5.300%		05/15/2033		150,000		172,142
Southern California Edison Co.
6.650%		04/01/2029		500,000		655,087
4.050%		03/15/2042		300,000		305,403
Southern Power Co., Series D
4.875%		07/15/2015		350,000		382,110
Union Electric Co.
6.400%		06/15/2017		250,000		302,172
Virginia Electric and Power Co.
5.400%		04/30/2018		250,000		300,452
1.200%		01/15/2018		300,000		300,695
Wisconsin Electric Power
5.625%		05/15/2033		150,000		185,714


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date		Face		Value
CORPORATE OBLIGATIONS—(Continued)
Xcel Energy, Inc.
4.800%		09/15/2041	$	200,000	$	223,200

						19,990,392

Electrical Equipment—0.1%
Emerson Electric Co.
5.000%		12/15/2014		150,000		161,089
5.000%		04/15/2019		500,000		593,916
2.625%		02/15/2023		270,000		273,240

						1,028,245

Electronic Equipment, Instruments & Components—0.0%
Agilent Technologies, Inc.
5.000%		07/15/2020		100,000		113,948
Jabil Circuit, Inc.
4.700%		09/15/2022		200,000		200,250

						314,198

Energy Equipment & Services—0.3%
Halliburton Co.
7.450%		09/15/2039		400,000		589,155
Noble Holding International Ltd. (Cayman Islands)
6.200%		08/01/2040		200,000		226,284
3.450%		08/01/2015		200,000		209,585
2.500%		03/15/2017		300,000		308,782
Pride International, Inc.
6.875%		08/15/2020		200,000		251,114
Rowan Cos., Inc.
4.875%		06/01/2022		250,000		272,243
Transocean, Inc. (Cayman Islands)
6.800%		03/15/2038		500,000		552,430
Weatherford International Ltd. (Bermuda)
9.625%		03/01/2019		400,000		523,039
6.750%		09/15/2040		300,000		331,603
4.500%		04/15/2022		300,000		309,589

						3,573,824

Food & Staples Retailing—0.1%
CVS Caremark Corp.
4.875%		09/15/2014		230,000		244,516
4.125%		05/15/2021		200,000		223,052
Kroger Co. (The)
7.500%		04/01/2031		200,000		256,227
5.400%		07/15/2040		200,000		213,221
4.950%		01/15/2015		300,000		321,049
Walgreen Co.
4.400%		09/15/2042		200,000		192,797
1.000%		03/13/2015		300,000		300,744

						1,751,606

Food Products—0.5%
Archer-Daniels Midland Co.
5.450%		03/15/2018		500,000		597,041
Bunge Ltd. Finance Corp.
5.350%		04/15/2014		500,000		522,190
ConAgra Foods, Inc.
5.875%		04/15/2014		500,000		525,147
4.650%		01/25/2043		300,000		299,741
3.250%		09/15/2022		200,000		201,883
2.100%		03/15/2018		200,000		203,686
1.300%		01/25/2016		400,000		403,439
General Mills, Inc.
5.400%		06/15/2040		300,000		355,024


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date		Face		Value
CORPORATE OBLIGATIONS—(Continued)
3.150%		12/15/2021	$	200,000	$	210,096
Hillshire Brands Co.
2.750%		09/15/2015		300,000		309,933
Kellogg Co.
4.000%		12/15/2020		300,000		334,582
Kraft Foods Group, Inc.
6.875%		01/26/2039		380,000		502,462
6.500%		02/09/2040		200,000		257,311
5.375%		02/10/2020		209,000		249,758
1.625%		06/04/2015		300,000		304,785
Mondelez International, Inc.
6.500%		02/09/2040		200,000		260,648
5.375%		02/10/2020		291,000		346,733
4.125%		02/09/2016		100,000		108,938
Unilever Capital Corp.
4.250%		02/10/2021		300,000		343,333

						6,336,730

Gas Utilities—0.1%
Southern California Gas Co.
5.125%		11/15/2040		400,000		485,852
Southern Union Co.
7.600%		02/01/2024		200,000		255,958

						741,810

Health Care Equipment & Supplies—0.3%
Baxter International, Inc.
5.900%		09/01/2016		400,000		465,579
2.400%		08/15/2022		300,000		294,202
Becton Dickinson and Co.
5.000%		11/12/2040		300,000		341,395
Boston Scientific Corp.
7.375%		01/15/2040		200,000		269,852
6.250%		11/15/2015		200,000		224,443
6.000%		01/15/2020		200,000		234,105
CareFusion Corp.
6.375%		08/01/2019		250,000		302,616
Covidien International Finance SA (Luxembourg)
6.000%		10/15/2017		250,000		300,220
Medtronic, Inc.
4.450%		03/15/2020		300,000		345,282
3.000%		03/15/2015		380,000		398,252
2.750%		04/01/2023		100,000		99,878
Stryker Corp.
4.100%		04/01/2043		200,000		198,460

						3,474,284

Health Care Providers & Services—0.4%
Aetna, Inc.
6.625%		06/15/2036		250,000		325,774
4.125%		11/15/2042		200,000		191,734
1.500%		11/15/2017		200,000		200,700
Cardinal Health, Inc.
4.600%		03/15/2043		200,000		196,944
3.200%		03/15/2023		300,000		299,126
1.700%		03/15/2018		300,000		299,430
Cigna Corp.
5.125%		06/15/2020		300,000		346,580
Express Scripts Holding Co.
6.125%		11/15/2041		200,000		251,809
4.750%		11/15/2021		200,000		227,470
Quest Diagnostics, Inc.
6.950%		07/01/2037		300,000		362,647
4.700%		04/01/2021		300,000		328,551


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
UnitedHealth Group, Inc.
6.000%		02/15/2018		$	500,000	$	605,208
5.950%		02/15/2041			200,000		246,335
5.375%		03/15/2016			200,000		225,503
WellPoint, Inc.
5.250%		01/15/2016			500,000		557,023
4.650%		01/15/2043			200,000		200,749
3.300%		01/15/2023			300,000		304,636

							5,170,219

Hotels, Restaurants & Leisure—0.1%
McDonald’s Corp., Series I MTN
5.350%		03/01/2018			500,000		595,246
Wyndham Worldwide Corp.
3.900%		03/01/2023			300,000		301,583
Yum! Brands, Inc.
6.875%		11/15/2037			200,000		261,813

							1,158,642

Household Durables—0.1%
Clorox Co. (The)
3.800%		11/15/2021			400,000		430,935
Kimberly-Clark Corp.
6.125%		08/01/2017			500,000		605,187
Whirlpool Corp. MTN
4.850%		06/15/2021			200,000		220,531

							1,256,653

Household Products—0.1%
Procter & Gamble Co. (The)
5.800%		08/15/2034			250,000		325,083
4.700%		02/15/2019			500,000		590,142

							915,225

Industrial Conglomerates—0.0%
3M Co. MTN
5.700%		03/15/2037			100,000		129,607
GE Capital Trust I
6.375%		11/15/2067	#		130,000		138,125

							267,732

Insurance—0.8%
ACE INA Holdings, Inc.
5.875%		06/15/2014			300,000		318,887
AEGON Funding Co. LLC
5.750%		12/15/2020			290,000		345,465
Allstate Corp. (The)
5.350%		06/01/2033			500,000		586,288
American International Group, Inc.
6.400%		12/15/2020			400,000		496,157
3.800%		03/22/2017			500,000		541,539
3.000%		03/20/2015			400,000		415,193
American International Group, Inc. MTN
5.850%		01/16/2018			500,000		586,554
AXA SA (France)
8.600%		12/15/2030			250,000		321,378
Berkshire Hathaway Finance Corp.
4.250%		01/15/2021			300,000		337,954
3.200%		02/11/2015			400,000		419,990
Chubb Corp. (The)
6.375%		03/29/2067	#		200,000		220,750
CNA Financial Corp.
5.850%		12/15/2014			430,000		463,152
5.750%		08/15/2021			300,000		354,929


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Fidelity National Financial, Inc.
6.600%		05/15/2017		$	300,000	$	340,523
Genworth Financial, Inc.
7.700%		06/15/2020			200,000		237,494
Hartford Financial Services Group, Inc.
6.100%		10/01/2041			150,000		181,308
4.000%		10/15/2017			300,000		332,611
Lincoln National Corp.
6.150%		04/07/2036			250,000		301,640
Markel Corp.
5.000%		03/30/2043			300,000		301,139
Marsh & McLennan Cos., Inc.
5.750%		09/15/2015			46,000		51,191
MetLife, Inc.
6.750%		06/01/2016			600,000		705,866
5.700%		06/15/2035			250,000		293,577
Progressive Corp. (The)
6.625%		03/01/2029			150,000		190,785
Prudential Financial, Inc.
6.625%		06/21/2040			100,000		127,646
5.375%		06/21/2020			300,000		354,358
Prudential Financial, Inc. MTN
5.800%		11/16/2041			200,000		231,796
Prudential Financial, Inc., Series D MTN
5.700%		12/14/2036			250,000		287,242
4.750%		09/17/2015			300,000		327,030
Validus Holdings Ltd. (Bermuda)
8.875%		01/26/2040			200,000		267,677

							9,940,119

Internet & Catalog Retail—0.1%
Amazon.com, Inc.
2.500%		11/29/2022	†		200,000		195,050
1.200%		11/29/2017			200,000		199,189
0.650%		11/27/2015	†		400,000		399,779
eBay, Inc.
4.000%		07/15/2042			100,000		92,131
2.600%		07/15/2022			100,000		100,129
1.350%		07/15/2017			100,000		101,211
0.700%		07/15/2015			200,000		201,039
Expedia, Inc.
7.456%		08/15/2018			500,000		598,148

							1,886,676

Internet Software & Services—0.1%
Google, Inc.
3.625%		05/19/2021			300,000		333,210
2.125%		05/19/2016			300,000		313,401
1.250%		05/19/2014			300,000		303,339

							949,950

IT Services—0.2%
Computer Sciences Corp.
4.450%		09/15/2022			200,000		212,458
2.500%		09/15/2015			300,000		308,278
International Business Machines Corp.
7.000%		10/30/2025			300,000		423,992
5.700%		09/14/2017			500,000		598,832
0.875%		10/31/2014			500,000		504,190

							2,047,750

Machinery—0.4%
Caterpillar, Inc.
3.803%		08/15/2042			685,000		652,108


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Deere & Co.
6.950%		04/25/2014		$	250,000	$	267,429
Dover Corp.
5.375%		03/01/2041			300,000		366,371
Eaton Corp.
4.150%		11/02/2042	^		100,000		97,911
2.750%		11/02/2022	^		100,000		99,631
1.500%		11/02/2017	^		300,000		301,193
0.950%		11/02/2015	^		100,000		100,533
General Electric Co.
5.250%		12/06/2017			500,000		586,312
4.125%		10/09/2042			300,000		302,045
2.700%		10/09/2022			300,000		300,651
0.850%		10/09/2015			300,000		301,188
Honeywell International, Inc.
5.700%		03/15/2036			300,000		379,534
Parker Hannifin Corp. MTN
3.500%		09/15/2022			100,000		107,897
Precision Castparts Corp.
2.500%		01/15/2023			200,000		198,036
0.700%		12/20/2015			300,000		300,798
Roper Industries, Inc.
1.850%		11/15/2017			200,000		201,859

							4,563,496

Media—1.2%
CBS Corp.
7.875%		07/30/2030			250,000		331,404
5.750%		04/15/2020			200,000		235,833
4.850%		07/01/2042			250,000		244,063
1.950%		07/01/2017			300,000		305,280
Comcast Corp.
6.450%		03/15/2037			500,000		636,404
6.300%		11/15/2017			700,000		854,566
5.850%		11/15/2015			400,000		452,300
5.650%		06/15/2035			200,000		232,529
4.500%		01/15/2043			200,000		201,794
2.850%		01/15/2023			500,000		499,394
COX Communications, Inc.
5.500%		10/01/2015			75,000		83,647
DIRECTV Holdings LLC/DIRECTV Financing
Co., Inc.
6.375%		03/01/2041			500,000		561,631
5.200%		03/15/2020			200,000		228,980
3.800%		03/15/2022			300,000		307,231
3.550%		03/15/2015			200,000		209,462
3.500%		03/01/2016			400,000		425,068
Discovery Communications LLC
5.625%		08/15/2019			400,000		474,951
Historic TW, Inc.
9.150%		02/01/2023			300,000		437,267
NBCUniversal Media LLC
6.400%		04/30/2040			200,000		254,490
5.950%		04/01/2041			250,000		302,604
4.375%		04/01/2021			250,000		281,768
News America, Inc.
8.000%		10/17/2016			150,000		184,303
7.750%		12/01/2045			200,000		275,485
6.150%		02/15/2041			300,000		360,543
5.650%		08/15/2020			500,000		598,141
Omnicom Group, Inc.
5.900%		04/15/2016			500,000		566,606


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Thomson Reuters Corp. (Canada)
6.500%		07/15/2018	†	$	300,000	$	368,878
Time Warner Cable, Inc.
6.750%		06/15/2039			200,000		236,810
5.850%		05/01/2017			400,000		464,953
Time Warner Entertainment Co. LP
8.375%		03/15/2023			250,000		342,419
8.375%		07/15/2033			250,000		346,566
Time Warner, Inc.
5.875%		11/15/2016			700,000		814,690
5.375%		10/15/2041			250,000		269,959
Viacom, Inc.
6.875%		04/30/2036			300,000		371,496
4.500%		03/01/2021			200,000		221,518
4.375%		03/15/2043	^		200,000		185,517
2.500%		12/15/2016			300,000		312,861
Walt Disney Co. (The) MTN
3.700%		12/01/2042			200,000		192,827
2.350%		12/01/2022			200,000		198,217
1.100%		12/01/2017			250,000		250,113
0.450%		12/01/2015			350,000		349,898
Walt Disney Co. (The), Series B MTN
7.000%		03/01/2032			210,000		298,449

							14,770,915

Metals & Mining—0.6%
Alcoa, Inc.
5.550%		02/01/2017	†		290,000		320,076
5.400%		04/15/2021	†		300,000		311,187
Barrick Gold Corp. (Canada)
2.900%		05/30/2016			200,000		210,447
Barrick PD Australia Finance Pty Ltd. (Australia)
5.950%		10/15/2039			400,000		435,898
BHP Billiton Finance USA Ltd. (Australia)
6.500%		04/01/2019			500,000		633,294
4.125%		02/24/2042			400,000		404,044
1.625%		02/24/2017			400,000		407,516
1.125%		11/21/2014			300,000		303,434
Freeport-McMoRan Copper & Gold, Inc.
3.550%		03/01/2022			400,000		398,357
Newmont Mining Corp.
6.250%		10/01/2039			200,000		230,496
3.500%		03/15/2022			400,000		403,477
Rio Tinto Alcan, Inc. (Canada)
6.125%		12/15/2033			150,000		187,144
Rio Tinto Finance USA Ltd. (Australia)
8.950%		05/01/2014			500,000		544,089
Rio Tinto Finance USA plc (Australia)
2.000%		03/22/2017			500,000		511,587
Rio Tinto Finance USA plc (United Kingdom)
4.750%		03/22/2042			300,000		313,817
Southern Copper Corp.
7.500%		07/27/2035			250,000		302,449
Teck Resources Ltd. (Canada)
5.200%		03/01/2042			300,000		277,455
3.000%		03/01/2019			300,000		307,693
Vale Overseas Ltd. (Cayman Islands)
6.875%		11/21/2036			400,000		456,342
6.250%		01/23/2017			500,000		572,971
4.625%		09/15/2020			500,000		532,066

							8,063,839


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Multiline Retail—0.4%
Costco Wholesale Corp.
0.650%		12/07/2015		$	300,000	$	300,628
Kohl’s Corp.
4.000%		11/01/2021	†		300,000		310,232
Macy’s Retail Holdings, Inc.
6.900%		04/01/2029			100,000		120,566
6.650%		07/15/2024			100,000		124,135
5.900%		12/01/2016			500,000		581,397
5.750%		07/15/2014	†		300,000		318,316
4.300%		02/15/2043			200,000		184,061
Nordstrom, Inc.
4.000%		10/15/2021			100,000		110,736
Target Corp.
6.000%		01/15/2018			500,000		610,190
4.000%		07/01/2042			200,000		195,433
Wal-Mart Stores, Inc.
7.550%		02/15/2030			250,000		362,973
5.250%		09/01/2035			750,000		883,555
4.875%		07/08/2040			300,000		338,735
4.250%		04/15/2021			300,000		344,486
3.625%		07/08/2020			300,000		331,433
1.625%		04/15/2014			300,000		304,126

							5,421,002

Multi-Utilities—0.0%
Sempra Energy
6.150%		06/15/2018			250,000		305,414

Office Electronics—0.1%
Xerox Corp.
6.350%		05/15/2018	†		500,000		586,653
4.500%		05/15/2021			200,000		214,252
4.250%		02/15/2015			300,000		316,145

							1,117,050

Oil, Gas & Consumable Fuels—2.0%
Alberta Energy Co. Ltd. (Canada)
7.375%		11/01/2031			400,000		493,250
Anadarko Petroleum Corp.
8.700%		03/15/2019			500,000		674,008
Apache Corp.
5.250%		02/01/2042			500,000		552,856
Apache Finance Canada Corp. (Canada)
7.750%		12/15/2029			150,000		206,253
Boardwalk Pipelines LP
3.375%		02/01/2023			200,000		196,701
BP Capital Markets plc (United Kingdom)
4.500%		10/01/2020			300,000		343,331
3.245%		05/06/2022			200,000		207,032
3.200%		03/11/2016			400,000		426,394
1.846%		05/05/2017			200,000		205,220
Canadian Natural Resources Ltd. (Canada)
5.850%		02/01/2035			500,000		580,554
3.450%		11/15/2021			200,000		212,821
Cenovus Energy, Inc. (Canada)
5.700%		10/15/2019			200,000		241,839
CenterPoint Energy Resources Corp.
4.500%		01/15/2021			434,000		493,914
ConocoPhillips Canada Funding Co. I (Canada)
5.950%		10/15/2036			500,000		625,220
5.625%		10/15/2016			500,000		581,428
ConocoPhillips Holding Co.
6.950%		04/15/2029			500,000		677,267


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Devon Energy Corp.
5.600%		07/15/2041		$	100,000	$	109,668
2.400%		07/15/2016			300,000		311,181
1.875%		05/15/2017			300,000		303,209
El Paso Pipeline Partners Operating Co. LLC
4.700%		11/01/2042			200,000		190,891
Enbridge Energy Partners LP
9.875%		03/01/2019			300,000		409,772
Encana Corp. (Canada)
5.150%		11/15/2041			300,000		302,454
3.900%		11/15/2021	†		300,000		317,925
Energy Transfer Partners LP
6.500%		02/01/2042			400,000		458,632
5.950%		02/01/2015			500,000		542,315
5.200%		02/01/2022			300,000		337,413
Enterprise Products Operating LLC
5.950%		02/01/2041			200,000		232,542
4.450%		02/15/2043			200,000		193,098
3.700%		06/01/2015			100,000		105,910
3.200%		02/01/2016			200,000		212,357
Enterprise Products Operating LLC, Series D
6.875%		03/01/2033			150,000		190,631
Enterprise Products Operating LLC, Series G
5.600%		10/15/2014			150,000		160,852
EOG Resources, Inc.
4.100%		02/01/2021			300,000		339,070
Hess Corp.
7.300%		08/15/2031			250,000		311,442
Kinder Morgan Energy Partners LP
6.550%		09/15/2040			300,000		367,720
6.500%		02/01/2037			300,000		361,042
5.950%		02/15/2018			300,000		358,065
5.000%		03/01/2043			200,000		203,874
4.150%		03/01/2022			500,000		537,206
3.500%		09/01/2023			400,000		406,375
Magellan Midstream Partners LP
4.200%		12/01/2042			200,000		188,808
Marathon Oil Corp.
5.900%		03/15/2018			455,000		542,727
Nexen, Inc. (Canada)
6.400%		05/15/2037			500,000		648,124
Occidental Petroleum Corp.
2.700%		02/15/2023			300,000		300,911
ONEOK Partners LP
6.150%		10/01/2016			160,000		185,065
Petro-Canada (Canada)
5.950%		05/15/2035			100,000		118,997
Phillips 66
4.300%		04/01/2022			400,000		439,931
1.950%		03/05/2015			500,000		511,225
Pioneer Natural Resources Co.
3.950%		07/15/2022			200,000		209,222
Plains All American Pipeline LP/PAA Finance
Corp.
4.300%		01/31/2043			200,000		192,645
3.950%		09/15/2015			300,000		322,342
2.850%		01/31/2023			400,000		394,432
Shell International Finance BV (Netherlands)
5.200%		03/22/2017			500,000		581,129
3.625%		08/21/2042	†		300,000		291,523
3.100%		06/28/2015			500,000		528,768
2.375%		08/21/2022			500,000		497,117


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Southern Natural Gas Co./Southern Natural Issuing Corp.
4.400%		06/15/2021		$	200,000	$	221,282
Statoil ASA (Norway)
5.100%		08/17/2040			300,000		354,304
3.150%		01/23/2022			500,000		530,657
Suncor Energy, Inc. (Canada)
7.150%		02/01/2032			500,000		659,023
Sunoco Logistics Partners Operations LP
4.950%		01/15/2043			200,000		196,768
3.450%		01/15/2023			200,000		198,285
Talisman Energy, Inc. (Canada)
6.250%		02/01/2038			300,000		340,100
Tennessee Gas Pipeline Co. LLC
7.000%		10/15/2028			350,000		476,817
Texas Eastern Transmission LP
7.000%		07/15/2032			150,000		202,108
Total Capital International SA (France)
2.875%		02/17/2022			400,000		412,505
Total Capital SA (France)
4.450%		06/24/2020			300,000		348,024
3.000%		06/24/2015			300,000		315,554
TransCanada PipeLines Ltd. (Canada)
5.850%		03/15/2036			500,000		607,770
Valero Energy Corp.
6.125%		06/15/2017			250,000		297,675
Williams Cos., Inc.
7.875%		09/01/2021			230,000		294,365
Williams Partners LP
6.300%		04/15/2040			100,000		116,761
5.250%		03/15/2020			100,000		114,127
3.800%		02/15/2015			100,000		105,353

							25,726,176

Paper & Forest Products—0.1%
International Paper Co.
7.500%		08/15/2021	†		500,000		655,665
MeadWestvaco Corp.
7.375%		09/01/2019			300,000		365,652

							1,021,317

Pharmaceuticals—0.9%
AbbVie, Inc.
4.400%		11/06/2042	^		300,000		303,725
2.900%		11/06/2022	^		300,000		300,896
2.000%		11/06/2018	^		300,000		303,977
1.750%		11/06/2017	^		300,000		303,982
1.200%		11/06/2015	^		300,000		302,523
AstraZeneca plc (United Kingdom)
5.900%		09/15/2017			250,000		300,401
4.000%		09/18/2042			300,000		292,136
Bristol-Myers Squibb Co.
5.875%		11/15/2036			155,000		195,133
5.450%		05/01/2018			250,000		299,729
3.250%		08/01/2042			200,000		175,963
Eli Lilly & Co.
6.770%		01/01/2036			250,000		345,571
GlaxoSmithKline Capital plc (United Kingdom)
2.850%		05/08/2022			300,000		306,673
0.750%		05/08/2015			300,000		301,494
GlaxoSmithKline Capital, Inc.
4.375%		04/15/2014			500,000		520,628
2.800%		03/18/2023			200,000		201,665


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
Johnson & Johnson
4.950%		05/15/2033		$	200,000	$	239,203
4.850%		05/15/2041			200,000		237,823
3.550%		05/15/2021			200,000		222,102
2.150%		05/15/2016			200,000		209,500
Merck & Co., Inc.
6.550%		09/15/2037			200,000		276,938
6.500%		12/01/2033			250,000		349,348
3.600%		09/15/2042			200,000		190,387
2.400%		09/15/2022			200,000		198,925
1.100%		01/31/2018			200,000		201,128
Merck Sharp & Dohme Corp.
4.750%		03/01/2015			350,000		378,878
Novartis Capital Corp.
2.900%		04/24/2015			200,000		209,855
Novartis Securities Investment Ltd. (Bermuda)
5.125%		02/10/2019			500,000		597,780
Pfizer, Inc.
5.350%		03/15/2015			500,000		546,270
Pharmacia Corp.
6.500%		12/01/2018			350,000		443,326
Sanofi (France)
2.625%		03/29/2016			400,000		421,408
Teva Pharmaceutical Finance Co. LLC
6.150%		02/01/2036			250,000		318,763
Teva Pharmaceutical Finance II BV / Teva Pharmaceutical Finance III LLC (Curacao)
3.000%		06/15/2015			300,000		314,894
Wyeth LLC
6.500%		02/01/2034			250,000		336,247
Zoetis, Inc.
4.700%		02/01/2043	^		200,000		204,982
3.250%		02/01/2023	^		300,000		304,849
1.150%		02/01/2016	^		300,000		301,008

							10,958,110

Real Estate Investment Trusts (REITs)—0.5%
American Tower Corp.
4.500%		01/15/2018			500,000		550,494
AvalonBay Communities, Inc. MTN
2.850%		03/15/2023			300,000		293,014
Boston Properties LP
4.125%		05/15/2021			300,000		326,197
Brandywine Operating Partnership LP
3.950%		02/15/2023			300,000		301,549
Camden Property Trust
5.000%		06/15/2015			200,000		215,899
DDR Corp.
4.625%		07/15/2022			200,000		216,746
Duke Realty LP
7.375%		02/15/2015			150,000		166,244
3.875%		10/15/2022			200,000		205,680
ERP Operating LP
5.375%		08/01/2016			500,000		566,855
HCP, Inc. MTN
6.700%		01/30/2018			250,000		303,779
Health Care REIT, Inc.
6.125%		04/15/2020			300,000		355,202
Hospitality Properties Trust
5.000%		08/15/2022			300,000		320,256
Host Hotels & Resorts LP
6.000%		10/01/2021			300,000		348,375


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date		Face		Value
CORPORATE OBLIGATIONS—(Continued)
Liberty Property LP
3.375%		06/15/2023	$	300,000	$	298,476
ProLogis LP
7.375%		10/30/2019		350,000		438,845
Realty Income Corp.
5.875%		03/15/2035		200,000		224,446
Simon Property Group LP
4.750%		03/15/2042		400,000		416,934
4.375%		03/01/2021		400,000		450,648
2.800%		01/30/2017		500,000		527,374
Ventas Realty LP/Ventas Capital Corp.
4.250%		03/01/2022		400,000		430,489

						6,957,502

Road & Rail—0.3%
Burlington Northern Santa Fe LLC
5.650%		05/01/2017		500,000		586,539
3.450%		09/15/2021		200,000		212,727
Canadian National Railway Co. (Canada)
2.250%		11/15/2022		300,000		296,051
CSX Corp.
7.375%		02/01/2019		300,000		382,958
6.250%		04/01/2015		20,000		22,156
6.000%		10/01/2036		334,000		400,460
Norfolk Southern Corp.
5.900%		06/15/2019		300,000		367,698
3.250%		12/01/2021		200,000		209,240
Ryder System, Inc. MTN
3.150%		03/02/2015		300,000		311,434
2.350%		02/26/2019		400,000		404,349
Union Pacific Corp.
6.625%		02/01/2029		250,000		331,814
5.780%		07/15/2040		300,000		369,498

						3,894,924

Semiconductors & Semiconductor Equipment—0.1%
Intel Corp.
4.800%		10/01/2041		300,000		318,118
4.250%		12/15/2042		200,000		196,180
3.300%		10/01/2021		300,000		315,352
1.350%		12/15/2017		400,000		401,818

						1,231,468

Software—0.2%
Fiserv, Inc.
3.500%		10/01/2022		200,000		199,775
Microsoft Corp.
4.500%		10/01/2040		300,000		325,141
1.625%		09/25/2015		400,000		411,357
Oracle Corp.
5.750%		04/15/2018		500,000		603,996
5.375%		07/15/2040		500,000		588,048
5.250%		01/15/2016		500,000		562,757

						2,691,074

Specialty Retail—0.2%
Gap, Inc. (The)
5.950%		04/12/2021		200,000		228,995
Home Depot, Inc. (The)
5.875%		12/16/2036		550,000		685,975
5.400%		03/01/2016		400,000		453,222
Lowe’s Cos., Inc.
5.800%		04/15/2040		300,000		361,970


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
CORPORATE OBLIGATIONS—(Continued)
5.400%		10/15/2016		$	400,000	$	461,719

							2,191,881

Tobacco—0.3%
Altria Group, Inc.
9.950%		11/10/2038			300,000		496,973
9.250%		08/06/2019			800,000		1,116,534
Lorillard Tobacco Co.
6.875%		05/01/2020	†		300,000		364,364
Philip Morris International, Inc.
5.650%		05/16/2018			500,000		601,055
4.375%		11/15/2041			200,000		202,283
2.900%		11/15/2021			200,000		206,729
1.125%		08/21/2017			300,000		299,296

							3,287,234

Trading Companies & Distributors—0.1%
Arrow Electronics, Inc.
4.500%		03/01/2023			300,000		303,182
3.000%		03/01/2018			400,000		404,004
GATX Corp.
4.750%		06/15/2022			300,000		318,727

							1,025,913

Transportation Infrastructure—0.1%
FedEx Corp.
3.875%		08/01/2042			200,000		187,964
2.625%		08/01/2022			200,000		196,913
United Parcel Service, Inc.
6.200%		01/15/2038			300,000		401,709
2.450%		10/01/2022			400,000		398,520

							1,185,106

Water Utilities—0.0%
American Water Capital Corp.
6.085%		10/15/2017			300,000		358,608

Wireless Telecommunication Services—0.3%
America Movil SAB de CV (Mexico)
6.125%		03/30/2040			300,000		352,206
5.000%		03/30/2020			400,000		451,877
Rogers Communications, Inc. (Canada)
6.800%		08/15/2018			500,000		629,665
Vodafone Group plc (United Kingdom)
7.875%		02/15/2030			250,000		353,594
6.150%		02/27/2037			200,000		237,974
5.625%		02/27/2017			500,000		579,899
5.375%		01/30/2015			250,000		271,054
1.500%		02/19/2018			300,000		299,577

							3,175,846

TOTAL CORPORATE OBLIGATIONS (Cost $249,928,887)							268,942,555

MORTGAGE-BACKED SECURITIES—31.3%
Commercial Mortgage-Backed Securities—1.8%
Banc of America Commercial Mortgage Trust, Series 2006-3, Class A4
5.889%		07/10/2044	#		500,000		564,965
Banc of America Commercial Mortgage Trust, Series 2007-2, Class A2
5.619%		04/10/2049	#		228,166		232,756


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
MORTGAGE-BACKED SECURITIES—(Continued)
Banc of America Commercial Mortgage Trust, Series 2007-5, Class A4
5.492%		02/10/2051		$	2,000,000	$	2,308,224
Banc of America Merrill Lynch Commercial Mortgage, Inc., Series 2005-1, Class A4
5.077%		11/10/2042	#		500,000		509,781
Banc of America Merrill Lynch Commercial Mortgage, Inc., Series 2005-6, Class A4
5.188%		09/10/2047	#		800,000		879,890
Banc of America Merrill Lynch Commercial Mortgage, Inc., Series 2005-6, Class AM
5.188%		09/10/2047	#		1,000,000		1,111,140
Bear Stearns Commercial Mortgage Securities, Series 2005-PWR8, Class A4
4.674%		06/11/2041			730,000		781,083
Bear Stearns Commercial Mortgage Securities, Series 2005-T20, Class A4A
5.147%		10/12/2042	#		921,000		1,010,865
Bear Stearns Commercial Mortgage Securities, Series 2006-T24, Class A4
5.537%		10/12/2041			1,000,000		1,139,504
Citigroup/Deutsche Bank Commercial Mortgage Trust, Series 2005- CD1, Class A4
5.218%		07/15/2044	#		900,000		985,814
Citigroup/Deutsche Bank Commercial Mortgage Trust, Series 2007- CD4, Class A4
5.322%		12/11/2049			1,000,000		1,140,522
Commercial Mortgage Pass Through Certificates, Series 2004- LB4A, Class A5
4.840%		10/15/2037			200,000		209,500
GMAC Commercial Mortgage Securities, Inc., Series 2006-C1, Class AM
5.290%		11/10/2045	#		750,000		813,854
Greenwich Capital Commercial Funding Corp., Series 2007-GG11, Class A4
5.736%		12/10/2049			1,000,000		1,161,728
Greenwich Capital Commercial Funding Corp., Series 2007-GG9, Class A4
5.444%		03/10/2039			1,000,000		1,143,914
GS Mortgage Securities Corp. II, Series 2004-GG2, Class A6
5.396%		08/10/2038	#		600,000		627,161
GS Mortgage Securities Corp. II, Series 2006-GG6, Class A4
5.553%		04/10/2038	#		800,000		886,448
GS Mortgage Securities Corp. II, Series 2006-GG8, Class A4
5.560%		11/10/2039			1,200,000		1,364,210
GS Mortgage Securities Corp. II, Series 2012-GCJ7, Class A4
3.377%		05/10/2045			1,000,000		1,068,358
JP Morgan Chase Commercial Mortgage Securities Corp., Series 2005-LDP2, Class A4
4.738%		07/15/2042			935,000		1,000,472
JP Morgan Chase Commercial Mortgage Securities Corp., Series 2007-CB20, Class A4
5.794%		02/12/2051	#†		500,000		585,000
Merrill Lynch/Countrywide Commercial Mortgage Trust, Series 2006-3, Class A4
5.414%		07/12/2046	#		750,000		850,047
UBS-Barclays Commercial Mortgage Trust, Series 2012-C4, Class A5
2.850%		12/10/2045			500,000		501,411
Wachovia Bank Commercial Mortgage Trust, Series 2004-C11, Class A5
5.215%		01/15/2041	#		500,000		520,267


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date				Face		Value
MORTGAGE-BACKED SECURITIES—(Continued)
Wachovia Bank Commercial Mortgage Trust, Series 2004-C12, Class A4
5.308%		07/15/2041		#	$	750,000	$	780,209
Wachovia Bank Commercial Mortgage Trust, Series 2006-C27, Class AM
5.795%		07/15/2045		#		1,000,000		1,124,516

								23,301,639

U.S. Government Agency Mortgage-Backed Securities— 29.5%
Federal Home Loan Mortgage Corp.
7.500%		06/01/2027 10/01/2029	-			219,556		264,032
7.000%		02/01/2016 09/01/2036	-			463,052		536,320
6.500%		07/01/2014 01/01/2039	-			1,968,893		2,238,621
6.112%		01/01/2037		#		138,879		148,432
6.000%		11/01/2016 10/01/2038	-			5,339,180		5,874,018
5.674%		01/01/2037		#		54,582		58,870
5.658%		02/01/2037		#		234,927		253,728
5.500%		02/01/2018 08/01/2039	-			7,844,475		8,532,731
5.000%		08/01/2017 04/01/2041	-			12,757,213		13,820,027
4.500%		08/01/2018 08/01/2041	-			16,473,804		17,695,027
4.000%		05/01/2019 03/01/2042	-			13,783,344		14,742,711
3.500%		10/01/2025 08/01/2042	-			11,576,554		12,231,250
3.442%		06/01/2041		#		171,639		181,989
3.000%		03/01/2027 02/01/2032	-			4,222,229		4,439,824
2.653%		01/01/2042		#		345,142		362,363
2.500%		08/01/2027 12/01/2027	-			1,998,763		2,073,972
Federal Home Loan Mortgage Corp. TBA
6.000%		04/15/2043				500,000		545,918
5.500%		04/15/2043				900,000		974,778
4.500%		04/15/2043				200,000		214,000
4.000%		04/15/2028 04/15/2043	-			1,000,000		1,062,844
3.500%		04/15/2028 04/15/2043	-			2,600,000		2,733,250
3.000%		04/15/2028 05/15/2043	-			9,200,000		9,469,109
2.500%		04/15/2028 05/15/2028	-			3,100,000		3,208,906
Federal National Mortgage Association
7.500%		06/01/2030 07/01/2031	-			22,239		24,620
7.000%		03/01/2030 04/01/2038	-			1,096,480		1,296,106
6.500%		02/01/2017 10/01/2039	-			2,400,917		2,780,248
6.000%		04/01/2014 11/01/2039	-			7,772,265		8,589,198
5.653%		01/01/2037		#		864,312		931,361
5.500%		01/01/2018 05/01/2040	-			13,737,582		15,095,378


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date				Face		Value
MORTGAGE-BACKED SECURITIES—(Continued)
5.000%		03/01/2018 05/01/2041	-		$	15,009,611	$	16,368,564
4.500%		03/01/2018 11/01/2041	-			23,995,435		25,929,253
4.000%		08/01/2018 03/01/2042	-			25,244,188		26,994,383
3.616%		05/01/2041		#		267,933		283,712
3.601%		08/01/2040		#		217,226		230,352
3.500%		10/01/2025 09/01/2042	-			18,360,198		19,460,051
3.478%		02/01/2041		#		136,288		144,415
3.243%		07/01/2040		#		481,493		510,433
3.168%		06/01/2040		#		230,252		242,820
3.000%		07/01/2027 04/01/2042	-			4,133,885		4,329,728
2.885%		10/01/2035		#		540,989		578,411
2.835%		01/01/2042		#		702,632		739,309
2.819%		05/01/2035		#		209,997		224,720
2.788%		05/01/2035		#		518,624		551,613
2.701%		02/01/2037		#		82,696		88,490
2.586%		03/01/2037		#		1,793,549		1,915,236
2.500%		08/01/2027 12/01/2027	-			884,095		918,459
Federal National Mortgage Association TBA
5.500%		04/25/2043				500,000		545,391
5.000%		04/25/2043				1,900,000		2,041,375
4.500%		04/25/2043				1,200,000		1,293,187
4.000%		04/25/2043				3,300,000		3,519,141
3.500%		04/25/2043 05/25/2043	-			8,600,000		9,080,750
3.000%		04/25/2028 05/25/2043	-			20,000,000		20,709,773
2.500%		04/25/2028 05/25/2043	-			8,600,000		8,874,176
Government National Mortgage Association
7.500%		12/15/2029 05/15/2032	-			311,256		383,751
7.000%		09/15/2037				48,054		55,439
6.500%		03/15/2026 01/15/2039	-			1,286,413		1,487,012
6.000%		02/15/2033 12/15/2039	-			3,160,817		3,570,330
5.500%		01/15/2024 07/20/2040	-			5,317,709		5,865,745
5.000%		05/15/2033 10/20/2041	-			11,801,582		12,960,441
4.500%		04/20/2026 11/20/2041	-			17,866,493		19,652,599
4.000%		08/15/2024 03/20/2042	-			13,795,558		15,077,688
3.500%		12/15/2025 08/20/2042	-			9,949,839		10,665,182
3.500%		12/20/2040		#		343,791		367,484
3.000%		02/20/2041 11/20/2041	-	#		1,198,784		1,273,103
3.000%		04/15/2027 11/20/2027	-			1,271,372		1,352,011
2.500%		12/20/2027 02/15/2028	-			542,060		565,164
2.500%		11/20/2040 01/20/2043	-	#		1,094,242		1,152,039
2.000%		10/20/2042 01/20/2043	-	#		598,556		625,931


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
MORTGAGE-BACKED SECURITIES—(Continued)
Government National Mortgage Association TBA
5.000%		04/15/2043		$	1,000,000	$	1,090,781
4.500%		04/15/2043			1,500,000		1,642,266
4.000%		04/15/2043			1,000,000		1,073,945
3.500%		04/15/2043 05/15/2043	-		8,400,000		8,992,266
3.000%		04/15/2043 05/15/2043	-		9,700,000		10,130,296
2.500%		04/15/2043			200,000		198,563

							374,135,409

TOTAL MORTGAGE-BACKED SECURITIES (Cost $381,864,203)							397,437,048

U.S. TREASURY OBLIGATIONS—36.4%
U.S. Treasury Bonds—5.6%
U.S. Treasury Bond
11.250%		02/15/2015			1,300,000		1,567,211
9.875%		11/15/2015			2,470,000		3,084,993
9.125%		05/15/2018			1,060,000		1,505,117
8.750%		05/15/2017 08/15/2020	-		710,000		1,036,885
8.500%		02/15/2020			991,000		1,474,500
8.125%		08/15/2019 08/15/2021	-		2,130,000		3,105,945
8.000%		11/15/2021			920,000		1,401,994
7.625%		11/15/2022			340,000		519,217
7.500%		11/15/2016			800,000		1,001,000
7.250%		05/15/2016 08/15/2022	-		867,000		1,130,309
6.875%		08/15/2025			300,000		454,781
6.750%		08/15/2026			700,000		1,063,344
6.625%		02/15/2027			300,000		453,516
6.500%		11/15/2026			800,000		1,194,250
6.375%		08/15/2027			300,000		446,484
6.250%		08/15/2023 05/15/2030	-		2,650,000		3,841,095
6.125%		11/15/2027 08/15/2029	-		1,930,000		2,822,710
6.000%		02/15/2026			865,000		1,231,409
5.500%		08/15/2028			1,000,000		1,386,406
5.250%		11/15/2028			1,500,000		2,032,266
5.000%		05/15/2037			490,000		667,319
4.750%		02/15/2037 02/15/2041	-		2,321,000		3,080,585
4.625%		02/15/2040			2,300,000		2,994,671
4.500%		02/15/2036 08/15/2039	-		1,682,000		2,139,146
4.375%		11/15/2039 05/15/2041	-		6,870,000		8,613,840
4.250%		05/15/2039 11/15/2040	-		3,330,000		4,094,192
3.875%		08/15/2040			1,730,000		2,001,394
3.750%		08/15/2041			2,340,000		2,646,760
3.500%		02/15/2039			1,800,000		1,957,500
3.125%		11/15/2041 02/15/2043	-		6,680,000		6,713,953
3.000%		05/15/2042			1,581,000		1,548,145
2.750%		08/15/2042	-
		11/15/2042			5,323,000		4,936,671

							72,147,608


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date				Face		Value
U.S. TREASURY OBLIGATIONS—(Continued)
U.S. Treasury Notes—30.8%
U.S. Treasury Note
5.125%		05/15/2016			$	780,000	$	894,258
4.875%		08/15/2016				1,600,000		1,837,750
4.750%		05/15/2014 08/15/2017	-			2,760,000		3,034,766
4.625%		11/15/2016 02/15/2017	-			2,080,000		2,393,237
4.500%		11/15/2015 02/15/2016	-			2,160,000		2,408,794
4.250%		08/15/2014 11/15/2017	-			6,655,000		7,253,543
4.125%		05/15/2015				1,070,000		1,157,105
4.000%		02/15/2015				1,626,000		1,740,074
3.750%		11/15/2018				1,400,000		1,620,718
3.625%		08/15/2019 02/15/2021	-			11,150,000		12,959,083
3.500%		02/15/2018 05/15/2020	-			5,305,000		6,065,698
3.375%		11/15/2019				2,725,000		3,119,700
3.250%		05/31/2016 03/31/2017	-			8,740,000		9,599,619
3.125%		10/31/2016 05/15/2021	-			10,515,000		11,677,992
3.000%		08/31/2016 02/28/2017	-			5,447,000		5,941,790
2.875%		03/31/2018				310,000		342,211
2.750%		11/30/2016 02/28/2018	-			5,620,000		6,122,690
2.625%		06/30/2014 11/15/2020	-			17,983,000		19,079,412
2.500%		03/31/2015 06/30/2017	-			4,519,000		4,777,626
2.375%		08/31/2014 06/30/2018	-			16,988,000		17,830,941
2.250%		05/31/2014 07/31/2018	-			10,010,000		10,506,315
2.125%		11/30/2014 08/15/2021	-			10,980,000		11,449,553
2.000%		01/31/2016 02/15/2023	-			17,810,000		18,374,152
1.875%		04/30/2014 10/31/2017	-			12,240,000		12,746,452
1.750%		07/31/2015 05/15/2022	-			6,527,000		6,694,660
1.625%		08/15/2022 11/15/2022	-			9,893,000		9,734,689
1.500%		06/30/2016 03/31/2019	-			8,977,000		9,278,214
1.375%		11/30/2015 01/31/2020	-			11,414,000		11,666,366
1.250%		04/15/2014 10/31/2019	-			20,260,000		20,570,483
1.125%		05/31/2019 03/31/2020	-			5,200,000		5,185,469
1.000%		05/15/2014 09/30/2019	-			17,920,000		18,120,924
0.875%		11/30/2016 07/31/2019	-			19,620,000		19,793,378
0.750%		02/28/2018		†		2,275,000		2,274,823
0.750%		06/15/2014 03/31/2018	-			14,285,000		14,320,873


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
U.S. TREASURY OBLIGATIONS—(Continued)
0.625%		07/15/2014 11/30/2017	-	$	13,623,000	$	13,623,095
0.500%		08/15/2014 07/31/2017	-		6,790,000		6,797,293
0.375%		11/15/2014 03/15/2016	-		22,055,000		22,095,730
0.250%		05/31/2014 10/15/2015	-		46,092,000		46,087,243
0.250%		04/30/2014 12/15/2015	-		4,300,000		4,298,732
0.125%		07/31/2014 10/31/2015	-		7,620,000		7,674,902

							391,150,353

TOTAL U.S. TREASURY OBLIGATIONS (Cost $454,498,639)							463,297,961

GOVERNMENT RELATED OBLIGATIONS—9.8%
U.S. Government Agencies—4.7%
Federal Farm Credit Bank
4.875%		12/16/2015			1,245,000		1,396,015
2.625%		04/17/2014			500,000		512,863
Federal Home Loan Bank
5.500%		08/13/2014 07/15/2036	-		1,400,000		1,638,220
4.875%		09/08/2017			1,250,000		1,471,998
4.750%		12/16/2016			1,000,000		1,155,157
2.875%		06/12/2015			900,000		950,147
1.625%		06/14/2019			1,000,000		1,022,062
1.375%		05/28/2014			1,000,000		1,013,790
0.375%		07/30/2015			310,000		310,011
Federal Home Loan Bank, Series 467
5.250%		06/18/2014			1,000,000		1,062,029
Federal Home Loan Bank, Series 656
5.375%		05/18/2016			900,000		1,038,575
Federal Home Loan Mortgage Corp.
6.250%		07/15/2032			650,000		947,955
5.500%		07/18/2016			1,000,000		1,164,195
5.125%		11/17/2017			800,000		956,710
5.000%		07/15/2014			900,000		955,808
4.875%		06/13/2018			1,000,000		1,198,568
4.750%		11/17/2015			1,000,000		1,114,498
4.500%		04/02/2014 01/15/2015	-		1,250,000		1,315,030
4.375%		07/17/2015			1,400,000		1,529,528
3.750%		03/27/2019			500,000		574,031
2.875%		02/09/2015			1,000,000		1,048,196
2.375%		01/13/2022			1,000,000		1,042,863
2.250%		03/13/2020			300,000		303,940
2.000%		08/25/2016			1,500,000		1,575,592
1.250%		05/12/2017 08/01/2019	-		2,000,000		2,019,816
1.000%		08/20/2014 08/27/2014	-		1,500,000		1,516,539
0.750%		11/25/2014			1,000,000		1,008,626
0.500%		04/17/2015			1,000,000		1,004,421
0.420%		09/18/2015			700,000		700,372
0.375%		08/28/2014			1,000,000		1,002,137
0.300%		02/06/2015			815,000		815,007
Federal Home Loan Mortgage Corp. MTN
5.050%		01/26/2015			300,000		326,079


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
GOVERNMENT RELATED OBLIGATIONS—(Continued)
Federal National Mortgage Association
7.250%		05/15/2030		$	400,000	$	627,029
6.625%		11/15/2030			500,000		746,653
6.250%		05/15/2029			740,000		1,053,855
6.000%		04/18/2036			250,000		288,239
5.000%		04/15/2015 05/11/2017	-		2,550,000		2,880,999
4.375%		10/15/2015			1,000,000		1,101,093
2.625%		11/20/2014			1,000,000		1,039,509
2.375%		07/28/2015			1,000,000		1,047,001
1.500%		09/08/2014 04/17/2017	-		1,250,000		1,258,548
1.250%		09/28/2016 01/30/2019	-		1,500,000		1,524,187
1.220%		05/30/2017			100,000		100,167
1.125%		06/27/2014 04/27/2017	-		2,000,000		2,031,009
1.070%		09/27/2017			500,000		501,743
1.010%		02/14/2018			250,000		250,110
1.000%		08/29/2016			500,000		500,528
0.950%		08/23/2017			750,000		751,816
0.550%		02/27/2015 03/18/2016	-		2,650,000		2,654,962
0.500%		11/21/2014 03/28/2016	-		3,300,000		3,307,889
0.000%		06/01/2017			400,000		386,414
Financing Corp. Fico
8.600%		09/26/2019			500,000		722,491
Financing Corp. Fico, Series E
9.650%		11/02/2018			500,000		727,663
Israel Government AID Bond (Israel)
5.500%		04/26/2024			350,000		458,691
Tennessee Valley Authority
5.250%		09/15/2039			500,000		640,474
Tennessee Valley Authority, Series E
6.250%		12/15/2017			1,200,000		1,496,660

							59,788,508

Non-U.S. Government Agencies—1.2%
Export Development Canada (Canada)
2.250%		05/28/2015			300,000		312,315
1.500%		05/15/2014			300,000		304,254
Export-Import Bank of Korea (Korea, Republic of)
5.125%		03/16/2015			500,000		540,182
5.000%		04/11/2022			400,000		464,514
Japan Bank for International Cooperation (Japan)
2.500%		05/18/2016			400,000		422,994
Japan Bank for International Cooperation, Series DTC (Japan)
1.125%		07/19/2017			500,000		502,926
KFW (Germany)
4.875%		01/17/2017			500,000		576,907
4.500%		07/16/2018			500,000		587,152
4.125%		10/15/2014			1,000,000		1,057,502
4.000%		01/27/2020			300,000		348,332
2.625%		03/03/2015			1,050,000		1,094,824
1.250%		02/15/2017			400,000		407,783
0.625%		04/24/2015			1,000,000		1,005,417
KFW MTN (Germany)
2.750%		09/08/2020			500,000		538,608
Korea Development Bank (The) (Korea, Republic of)
3.875%		05/04/2017			300,000		325,595


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
GOVERNMENT RELATED OBLIGATIONS—(Continued)
Landwirtschaftliche Rentenbank (Germany)
5.125%		02/01/2017		$	300,000	$	349,389
Landwirtschaftliche Rentenbank, Series G13 (Germany)
4.875%		11/16/2015			750,000		835,271
Oesterreichische Kontrollbank AG (Austria)
2.000%		06/03/2016	†		300,000		312,180
Pemex Project Funding Master Trust
6.625%		06/15/2035			500,000		601,250
Petrobras International Finance Co. (Cayman Islands)
8.375%		12/10/2018			250,000		313,649
6.750%		01/27/2041			300,000		340,588
6.125%		10/06/2016			500,000		561,500
5.375%		01/27/2021			600,000		650,396
2.875%		02/06/2015			500,000		511,632
Petroleos Mexicanos (Mexico)
8.000%		05/03/2019			250,000		321,250
5.500%		06/27/2044	^		200,000		206,800
5.500%		01/21/2021			500,000		576,250
5.500%		06/27/2044	†		200,000		206,800
4.875%		03/15/2015			400,000		430,000
Svensk Exportkredit AB (Sweden)
5.125%		03/01/2017			500,000		579,321

							15,285,581

Sovereign Debt—1.2%
Brazilian Government International Bond (Brazil)
11.000%		08/17/2040			260,000		319,800
10.125%		05/15/2027			435,000		751,027
8.875%		04/15/2024			400,000		615,000
7.875%		03/07/2015			455,000		515,970
7.125%		01/20/2037			460,000		640,550
5.875%		01/15/2019			500,000		603,750
4.875%		01/22/2021			200,000		233,000
Canada Government International Bond (Canada)
2.375%		09/10/2014	†		500,000		515,418
Chile Government International Bond (Chile)
3.875%		08/05/2020			500,000		554,250
Colombia Government International Bond (Colombia)
11.750%		02/25/2020	†		200,000		313,500
8.125%		05/21/2024			200,000		288,900
7.375%		09/18/2037			200,000		287,500
Israel Government International Bond (Israel)
4.000%		06/30/2022			400,000		432,840
Mexico Government International Bond (Mexico)
6.050%		01/11/2040			500,000		621,250
3.625%		03/15/2022	†		300,000		319,500
Mexico Government International Bond MTN (Mexico)
4.750%		03/08/2044	†		200,000		208,000
Panama Government International Bond (Panama)
6.700%		01/26/2036			288,000		385,200
5.200%		01/30/2020			300,000		351,300
Peruvian Government International Bond (Peru)
7.350%		07/21/2025			400,000		566,600
6.550%		03/14/2037			500,000		680,000
Poland Government International Bond (Poland)
5.125%		04/21/2021			300,000		347,250
3.875%		07/16/2015			300,000		318,885
Republic of Finland (Finland)
6.950%		02/15/2026			150,000		205,500
Republic of Italy (Italy)
6.875%		09/27/2023			450,000		523,188
5.375%		06/15/2033			500,000		501,207


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date				Face		Value
GOVERNMENT RELATED OBLIGATIONS—(Continued)
Republic of Korea (Korea, Republic of)
5.750%		04/16/2014			$	500,000	$	525,758
South Africa Government International Bond (South Africa)
6.875%		05/27/2019				500,000		611,250
State of Israel (Israel)
5.500%		11/09/2016				300,000		343,935
United Mexican States (Mexico)
8.125%		12/30/2019		†		750,000		1,057,500
United Mexican States MTN (Mexico)
8.300%		08/15/2031				200,000		304,500
Uruguay Government International Bond (Uruguay)
8.000%		11/18/2022				330,815		462,810
6.875%		09/28/2025				100,000		133,000
4.125%		11/20/2045				200,000		186,000

								14,724,138

Supranational—1.2%
African Development Bank, Series GDIF
1.250%		09/02/2016				400,000		409,302
Asian Development Bank MTN
4.250%		10/20/2014				300,000		318,057
2.750%		05/21/2014				100,000		102,810
2.500%		03/15/2016				400,000		423,772
1.125%		03/15/2017				500,000		509,076
Corp. Andina de Fomento
3.750%		01/15/2016				300,000		318,850
Council Of Europe Development Bank MTN
1.500%		02/22/2017		†		400,000		410,227
European Bank for Reconstruction & Development MTN
2.500%		03/15/2016				500,000		529,229
1.000%		02/16/2017		†		500,000		506,895
European Investment Bank
5.125%		09/13/2016 05/30/2017	-			1,000,000		1,161,791
4.875%		02/16/2016 01/17/2017	-			800,000		910,126
4.625%		05/15/2014				500,000		523,926
3.000%		04/08/2014				500,000		513,749
2.875%		09/15/2020				500,000		539,307
1.750%		03/15/2017				500,000		518,452
1.500%		05/15/2014				500,000		506,641
1.125%		08/15/2014 09/15/2017	-			1,700,000		1,719,376
European Investment Bank MTN
1.625%		09/01/2015				700,000		719,536
Inter-American Development Bank
2.250%		07/15/2015				200,000		208,543
1.375%		10/18/2016		†		300,000		308,950
1.125%		03/15/2017				500,000		509,426
Inter-American Development Bank MTN
3.875%		02/14/2020				400,000		465,176
International Bank for Reconstruction & Development
2.375%		05/26/2015				200,000		208,816
2.125%		03/15/2016				500,000		525,168
1.125%		08/25/2014				500,000		506,329
0.875%		04/17/2017				700,000		706,041
International Finance Corp. MTN
2.125%		11/17/2017		†		500,000		529,327


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date		Face		Value
GOVERNMENT RELATED OBLIGATIONS—(Continued)
Nordic Investment Bank
2.500%		07/15/2015	$	500,000	$	523,592

						15,132,490

U.S. Municipal Bonds—1.1%
American Municipal Power-Ohio, Inc. Revenue Bonds (Ohio)
7.499%		02/15/2050		200,000		271,622
Bay Area Toll Authority Revenue Bonds (California)
6.263%		04/01/2049		400,000		546,528
California General Obligation Bonds (California)
7.550%		04/01/2039		500,000		722,335
5.250%		04/01/2014		300,000		314,271
California State Public Works Board Revenue Bonds, Series 2009 G-2 (California)
8.361%		10/01/2034		400,000		540,956
City of New York General Obligation Bonds (New York)
5.517%		10/01/2037		100,000		120,684
County of Cook Illinois General Obligation Bonds, Series 2010 D (Illinois)
6.229%		11/15/2034		400,000		459,280
Dallas Area Rapid Transit Revenue Bonds (Texas)
5.022%		12/01/2048		300,000		356,334
Dallas Convention Center Hotel Development Corp. Revenue Bonds (Texas)
7.088%		01/01/2042		200,000		255,080
Dallas County Hospital District General Obligation Bonds, Series 2009 C (Texas)
5.621%		08/15/2044		300,000		375,786
Dallas Independent School District General Obligation Bonds (Texas)
6.450%		02/15/2035		300,000		371,796
Government Development Bank for Puerto Rico Revenue Bonds, Series 2011 B (Puerto Rico)
4.704%		05/01/2016		400,000		404,944
3.670%		05/01/2014		400,000		399,196
Illinois General Obligation Bonds (Illinois)
5.100%		06/01/2033		500,000		492,875
Los Angeles Unified School District General Obligation Bonds (California)
5.755%		07/01/2029		200,000		241,476
5.750%		07/01/2034		300,000		367,365
Metropolitan Government of Nashville & Davidson County Authority General Obligation Bonds (Tennessee)
5.707%		07/01/2034		300,000		369,180
Metropolitan Transportation Authority Revenue Bonds (New York)
6.648%		11/15/2039		300,000		386,445
6.548%		11/15/2031		200,000		254,528
Municipal Electric Authority of Georgia Revenue Bonds, Series 2010 J (Georgia)
6.637%		04/01/2057		300,000		354,990
New Jersey Economic Development Authority Revenue Bonds, Series 1997 A (New Jersey)
7.425%		02/15/2029		200,000		260,354
New Jersey State Turnpike Authority Revenue Bonds (New Jersey)
7.102%		01/01/2041		500,000		706,125


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
GOVERNMENT RELATED OBLIGATIONS—(Continued)
New Jersey State Turnpike Authority Revenue Bonds, Series 2003 B (New Jersey)
4.252%		01/01/2016		$	25,000	$	26,641
New York City Municipal Water Finance Authority Revenue Bonds (New York)
5.724%		06/15/2042			300,000		387,366
New York State Dormitory Authority Revenue Bonds (New York)
5.600%		03/15/2040			200,000		248,776
North Texas Tollway Authority Revenue Bonds, Series 2010 B-2 (Texas)
8.910%		02/01/2030			200,000		242,806
Ohio State University General Obligation Bonds (Ohio)
4.910%		06/01/2040			300,000		343,869
Oregon General Obligation Bonds (Oregon)
5.762%		06/01/2023			200,000		249,234
Oregon State Department of Transportation Revenue Bonds, Series 2010 A (Oregon)
5.834%		11/15/2034			300,000		387,231
Port Authority of New York & New Jersey Revenue Bonds (New York)
6.040%		12/01/2029			255,000		331,686
4.458%		10/01/2062			200,000		199,922
State of California General Obligation Bonds (California)
7.625%		03/01/2040			600,000		868,320
State of Connecticut General Obligation Bonds, Series 2008 A (Connecticut)
5.850%		03/15/2032			200,000		249,028
State of Georgia General Obligation Bonds, Series 2009 H (Georgia)
4.503%		11/01/2025			300,000		350,976
State of Illinois General Obligation Bonds (Illinois)
4.961%		03/01/2016			300,000		328,743
State of Texas General Obligation Bonds, Series 2010 A (Texas)
4.681%		04/01/2040			300,000		345,102
State of Utah (Utah)
3.539%		07/01/2025			300,000		321,702
University of California Revenue Bonds (California)
6.548%		05/15/2048			300,000		396,471
1.796%		07/01/2019			300,000		300,987

							14,151,010

Non-U.S. Regional Authority Bonds—0.4%
Hydro-Quebec, Series IO (Canada)
8.050%		07/07/2024			250,000		365,851
Province of British Columbia (Canada)
2.850%		06/15/2015			200,000		210,633
Province of Manitoba, Series FH (Canada)
4.900%		12/06/2016			500,000		576,082
Province of Nova Scotia (Canada)
2.375%		07/21/2015			300,000		312,716
Province of Ontario (Canada)
5.450%		04/27/2016			1,000,000		1,145,822
4.500%		02/03/2015	†		650,000		698,086
4.400%		04/14/2020			200,000		233,892
2.700%		06/16/2015			200,000		209,668
1.200%		02/14/2018			400,000		401,044


Vantagepoint Core Bond Index Fund
Coupon Rate	Maturity Date			Face		Value
GOVERNMENT RELATED OBLIGATIONS—(Continued)
Province of Quebec (Canada)
4.600%		05/26/2015	†	$	500,000	$	543,881
2.750%		08/25/2021			300,000		312,028
Region of Lombardy (Italy)
5.804%		10/25/2032			100,000		94,731

							5,104,434

TOTAL GOVERNMENT RELATED OBLIGATIONS (Cost $117,325,102)							124,186,161

ASSET-BACKED SECURITIES—0.4%
Automobiles—0.2%
Ally Auto Receivables Trust Series 2012-4, Class A3
0.590%		01/17/2017			450,000		450,702
Ford Credit Auto Owner Trust Series 2012-A, Class A4
1.150%		06/15/2017			500,000		506,460
Honda Auto Receivables Owner Trust Series 2012-4, Class A3
0.520%		08/18/2016			250,000		250,090
Nissan Auto Receivables Owner Trust Series 2012-A, Class A4
1.000%		07/16/2018			450,000		454,696
Santander Drive Auto Receivables Trust Series 2012-4, Class A3
1.040%		08/15/2016			350,000		352,217

							2,014,165

Credit Card—0.2%
Capital One Multi-Asset Execution Trust Series 2007-A7, Class A7
5.750%		07/15/2020			1,500,000		1,802,984
Chase Issuance Trust Series 2012-A8, Class A8
0.540%		10/16/2017			200,000		199,775
Citibank Credit Card Issuance Trust Series 2005-A5, Class A5
4.550%		06/20/2017			500,000		543,921

							2,546,680

Other—0.0%
CenterPoint Energy Restoration Bond Co. LLC Series 2009-1, Class A2
3.460%		08/15/2019			400,000		436,974

TOTAL ASSET-BACKED SECURITIES (Cost $4,880,713)							4,997,819

				Shares		Value
MONEY MARKET FUNDS—7.8%
Institutional Money Market Funds—7.8%
Dreyfus Institutional Cash Advantage Fund, 0.07%			††¥		1,800,000		1,800,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%			¥		88,753,324		88,753,324
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%			††¥		1,984,896		1,984,896


Vantagepoint Core Bond Index Fund
		Shares		Value
MONEY MARKET FUNDS—(Continued)
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.10%	††¥		1,800,000	$	1,800,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.11%	††¥		1,600,000		1,600,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.13%	††¥		1,800,000		1,800,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.12%	††¥		1,800,000		1,800,000

TOTAL MONEY MARKET FUNDS (Cost $99,538,220)					99,538,220

TOTAL INVESTMENTS—106.9% (Cost $1,308,035,764)					1,358,399,764
Other assets less liabilities—(6.9%)					(87,500,914	)

NET ASSETS—100.0%				$	1,270,898,850

Legend to the Schedule of Investments:

MTN	Medium Term Note

REIT	Real Estate Investment Trust

TBA	Security is subject to delayed delivery.

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

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 $4,286,870, which represents 0.3% of Net Assets. The illiquid 144A securities represented 0.3% of Net Assets, and 100.0% of total 144A securities held.

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

††	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 500 Stock Index Fund
		Shares		Value
COMMON STOCKS—98.3%
Aerospace & Defense—2.3%
Boeing Co. (The)			23,591	$	2,025,287
General Dynamics Corp.			11,389		803,038
Honeywell International, Inc.			27,030		2,036,710
L-3 Communications Holdings, Inc.			3,030		245,188
Lockheed Martin Corp.			9,363		903,717
Northrop Grumman Corp.			8,606		603,711
Precision Castparts Corp.			5,097		966,493
Raytheon Co.			11,207		658,860
Rockwell Collins, Inc.			4,620		291,614
Textron, Inc.			9,197		274,163
United Technologies Corp.			29,126		2,721,242

					11,530,023

Air Freight & Logistics—0.7%
C.H. Robinson Worldwide, Inc.			5,396		320,846
Expeditors International of Washington, Inc.			7,127		254,505
FedEx Corp.			10,051		987,008
United Parcel Service, Inc., Class B			24,696		2,121,387

					3,683,746

Airlines—0.1%
Southwest Airlines Co.			25,882		348,889

Auto Components—0.3%
BorgWarner, Inc.	*		3,937		304,488
Delphi Automotive plc (United Kingdom)			9,728		431,923
Goodyear Tire & Rubber Co. (The)	*		9,472		119,442
Johnson Controls, Inc.			23,726		832,071

					1,687,924

Automobiles—0.4%
Ford Motor Co.			135,976		1,788,084
Harley-Davidson, Inc.			8,043		428,692

					2,216,776

Beverages—2.4%
Beam, Inc.			5,640		358,366
Brown-Forman Corp., Class B			5,330		380,562
Coca-Cola Co. (The)			133,404		5,394,858
Coca-Cola Enterprises, Inc.			9,047		334,015
Constellation Brands, Inc., Class A	*		5,379		256,255
Dr. Pepper Snapple Group, Inc.			7,442		349,402
Molson Coors Brewing Co., Class B			5,731		280,418
Monster Beverage Corp.	*		4,837		230,918
PepsiCo, Inc.			53,478		4,230,645

					11,815,439

Biotechnology—1.8%
Alexion Pharmaceuticals, Inc.	*		6,696		616,970
Amgen, Inc.			26,045		2,669,873
Biogen Idec, Inc.	*		8,152		1,572,602
Celgene Corp.	*		14,579		1,689,852
Gilead Sciences, Inc.	*		52,867		2,586,782

					9,136,079

Building Products—0.0%
Masco Corp.			11,874		240,449

Capital Markets—2.1%
Ameriprise Financial, Inc.			7,130		525,124
Bank of New York Mellon Corp. (The)			41,011		1,147,898
BlackRock, Inc.			4,316		1,108,694
Charles Schwab Corp. (The)			38,607		682,958


Vantagepoint 500 Stock Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
E*TRADE Financial Corp.	*		8,183	$	87,640
Franklin Resources, Inc.			4,730		713,331
Goldman Sachs Group, Inc. (The)			15,254		2,244,626
Invesco Ltd.			14,984		433,937
Legg Mason, Inc.			4,333		139,306
Morgan Stanley			47,569		1,045,567
Northern Trust Corp.			7,810		426,113
State Street Corp.			15,975		943,963
T. Rowe Price Group, Inc.			8,891		665,669

					10,164,826

Chemicals—2.4%
Air Products & Chemicals, Inc.			7,460		649,915
Airgas, Inc.			2,441		242,050
CF Industries Holdings, Inc.			2,231		424,715
Dow Chemical Co. (The)			41,316		1,315,501
E.I. Du Pont de Nemours & Co.			32,642		1,604,681
Eastman Chemical Co.			5,373		375,411
Ecolab, Inc.			9,036		724,506
FMC Corp.			4,898		279,333
International Flavors & Fragrances, Inc.			3,000		230,010
LyondellBasell Industries NV, Class A (Netherlands)			13,310		842,390
Monsanto Co.			18,447		1,948,557
Mosaic Co. (The)			9,503		566,474
PPG Industries, Inc.			4,863		651,350
Praxair, Inc.			10,227		1,140,720
Sherwin-Williams Co. (The)			2,998		506,332
Sigma-Aldrich Corp.			4,195		325,868

					11,827,813

Commercial Banks—2.7%
BB&T Corp.			24,364		764,786
Comerica, Inc.			6,948		249,781
Fifth Third Bancorp			31,737		517,630
First Horizon National Corp.			8,525		91,047
Huntington Bancshares, Inc./Ohio			30,451		225,033
KeyCorp			31,195		310,702
M&T Bank Corp.	†		4,288		442,350
PNC Financial Services Group, Inc.			18,493		1,229,785
Regions Financial Corp.			47,560		389,516
SunTrust Banks, Inc.			18,966		546,410
U.S. Bancorp			64,917		2,202,634
Wells Fargo & Co.			170,289		6,298,990
Zions Bancorporation			5,936		148,341

					13,417,005

Commercial Services & Supplies—0.6%
ADT Corp. (The)			8,100		396,414
Avery Dennison Corp.			3,386		145,835
Cintas Corp.			3,833		169,150
Iron Mountain, Inc.			6,001		217,896
Pitney Bowes, Inc.	†		7,101		105,521
Republic Services, Inc.			9,973		329,109
Stericycle, Inc.	*		2,981		316,523
Tyco International Ltd. (Switzerland)			16,200		518,400
Waste Management, Inc.			14,957		586,464

					2,785,312

Communications Equipment—1.9%
Cisco Systems, Inc.			185,182		3,872,156
F5 Networks, Inc.	*		2,757		245,594
Harris Corp.			4,085		189,299
JDS Uniphase Corp.	*		7,658		102,387


Vantagepoint 500 Stock Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Juniper Networks, Inc.	*		17,361	$	321,873
Motorola Solutions, Inc.			9,946		636,842
QUALCOMM, Inc.			59,655		3,993,902

					9,362,053

Computers & Peripherals—4.1%
Apple, Inc.			32,631		14,443,460
Dell, Inc.			49,970		716,070
EMC Corp.	*		72,669		1,736,062
Hewlett-Packard Co.			67,677		1,613,420
NetApp, Inc.	*		12,808		437,521
SanDisk Corp.	*		8,296		456,280
Seagate Technology plc (Ireland)			11,153		407,754
Western Digital Corp.			7,493		376,748

					20,187,315

Construction & Engineering—0.2%
Fluor Corp.			5,633		373,637
Jacobs Engineering Group, Inc.	*		4,477		251,787
Quanta Services, Inc.	*		7,556		215,950

					841,374

Construction Materials—0.0%
Vulcan Materials Co.			4,526		233,994

Consumer Finance—0.9%
American Express Co.			33,605		2,266,993
Capital One Financial Corp.			20,015		1,099,824
Discover Financial Services			17,798		798,063
SLM Corp.			15,435		316,109

					4,480,989

Containers & Packaging—0.2%
Ball Corp.			5,112		243,229
Bemis Co., Inc.			3,365		135,811
MeadWestvaco Corp.			5,994		217,582
Owens-Illinois, Inc.	*		5,235		139,513
Sealed Air Corp.			6,841		164,937

					901,072

Distributors—0.1%
Genuine Parts Co.			5,403		421,434

Diversified Consumer Services—0.1%
Apollo Group, Inc., Class A	*		4,113		71,525
H&R Block, Inc.			9,002		264,839

					336,364

Diversified Financial Services—3.7%
Bank of America Corp.			375,809		4,577,354
Citigroup, Inc.			105,314		4,659,091
CME Group, Inc.			10,422		639,807
IntercontinentalExchange, Inc.	*†		2,472		403,109
JPMorgan Chase & Co.			132,913		6,308,051
Leucadia National Corp.			10,158		278,634
McGraw-Hill Cos., Inc. (The)			9,377		488,354
Moody’s Corp.			6,750		359,910
NASDAQ OMX Group, Inc. (The)			4,218		136,241
NYSE Euronext			8,746		337,946

					18,188,497

Diversified Telecommunication Services—2.6%
AT&T, Inc.			191,250		7,016,962
CenturyLink, Inc.			21,758		764,359
Frontier Communications Corp.	†		32,749		130,341
Verizon Communications, Inc.			99,290		4,880,103


Vantagepoint 500 Stock Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Windstream Corp.	†		21,388	$	170,035

					12,961,800

Electric Utilities—2.0%
American Electric Power Co., Inc.			17,116		832,351
Duke Energy Corp.			24,287		1,762,993
Edison International			11,497		578,529
Entergy Corp.			6,169		390,127
Exelon Corp.			29,844		1,029,021
FirstEnergy Corp.			14,589		615,656
NextEra Energy, Inc.			14,910		1,158,209
Northeast Utilities			11,063		480,798
Pepco Holdings, Inc.			7,419		158,767
Pinnacle West Capital Corp.			3,839		222,240
PPL Corp.			20,481		641,260
Southern Co.			30,114		1,412,949
Xcel Energy, Inc.			16,727		496,792

					9,779,692

Electrical Equipment—0.7%
Eaton Corp. plc (Ireland)			16,155		989,494
Emerson Electric Co.			24,959		1,394,459
Rockwell Automation, Inc.			4,779		412,667
Roper Industries, Inc.			3,356		427,252

					3,223,872

Electronic Equipment, Instruments & Components—0.4%
Amphenol Corp., Class A			5,737		428,267
Corning, Inc.			51,001		679,843
FLIR Systems, Inc.			5,021		130,596
Jabil Circuit, Inc.			6,753		124,796
Molex, Inc.			4,895		143,326
TE Connectivity Ltd. (Switzerland)			14,400		603,792

					2,110,620

Energy Equipment & Services—1.8%
Baker Hughes, Inc.			15,496		719,169
Cameron International Corp.	*		8,377		546,180
Diamond Offshore Drilling, Inc.	†		2,210		153,728
Ensco plc, Class A (United Kingdom)			8,082		484,920
FMC Technologies, Inc.	*		8,229		447,575
Halliburton Co.			32,375		1,308,274
Helmerich & Payne, Inc.			3,734		226,654
Nabors Industries Ltd. (Bermuda)			9,642		156,393
National Oilwell Varco, Inc.			14,684		1,038,893
Noble Corp. (Switzerland)			9,079		346,364
Rowan Cos. plc, Class A	*		4,110		145,330
Schlumberger Ltd.			45,891		3,436,777

					9,010,257

Food & Staples Retailing—2.4%
Costco Wholesale Corp.			14,908		1,581,888
CVS Caremark Corp.			43,040		2,366,770
Kroger Co. (The)			18,231		604,175
Safeway, Inc.	†		9,050		238,468
Sysco Corp.			20,707		728,265
Walgreen Co.			30,189		1,439,412
Wal-Mart Stores, Inc.			57,828		4,327,269
Whole Foods Market, Inc.			6,051		524,924

					11,811,171

Food Products—1.9%
Archer-Daniels-Midland Co.			22,448		757,171
Campbell Soup Co.			6,126		277,875
ConAgra Foods, Inc.			14,350		513,874


Vantagepoint 500 Stock Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Dean Foods Co.	*		6,452	$	116,975
General Mills, Inc.			22,633		1,116,033
H.J. Heinz Co.			11,298		816,506
Hershey Co. (The)			5,045		441,589
Hormel Foods Corp.			4,650		192,138
J.M. Smucker Co. (The)			3,807		377,502
Kellogg Co.			8,785		566,018
Kraft Foods Group, Inc.			20,368		1,049,563
McCormick & Co., Inc.			4,418		324,944
Mead Johnson Nutrition Co.			7,188		556,711
Mondelez International, Inc., Class A			61,284		1,875,903
Tyson Foods, Inc., Class A			10,014		248,547

					9,231,349

Gas Utilities—0.1%
AGL Resources, Inc.			3,798		159,326
ONEOK, Inc.			6,860		327,016

					486,342

Health Care Equipment & Supplies—2.1%
Abbott Laboratories			54,544		1,926,494
Baxter International, Inc.			19,025		1,381,976
Becton Dickinson and Co.			6,860		655,885
Boston Scientific Corp.	*		46,117		360,174
C.R. Bard, Inc.			2,796		281,781
CareFusion Corp.	*		7,385		258,401
Covidien plc (Ireland)			16,284		1,104,707
DENTSPLY International, Inc.			5,225		221,644
Edwards Lifesciences Corp.	*		4,131		339,403
Intuitive Surgical, Inc.	*		1,380		677,842
Medtronic, Inc.			34,878		1,637,871
St. Jude Medical, Inc.			9,887		399,830
Stryker Corp.			9,897		645,680
Varian Medical Systems, Inc.	*		3,908		281,376
Zimmer Holdings, Inc.			5,866		441,241

					10,614,305

Health Care Providers & Services—1.8%
Aetna, Inc.			11,368		581,132
AmerisourceBergen Corp.			7,839		403,317
Cardinal Health, Inc.			11,536		480,128
Cigna Corp.			9,848		614,220
Coventry Health Care, Inc.			4,454		209,472
DaVita HealthCare Partners, Inc.	*		2,851		338,100
Express Scripts Holding Co.	*		28,148		1,622,732
Humana, Inc.			5,341		369,116
Laboratory Corp. of America Holdings	*		3,235		291,797
McKesson Corp.			8,275		893,369
Patterson Cos., Inc.			2,852		108,490
Quest Diagnostics, Inc.			5,486		309,685
Tenet Healthcare Corp.	*		3,704		176,236
UnitedHealth Group, Inc.			35,256		2,016,996
WellPoint, Inc.			10,329		684,090

					9,098,880

Health Care Technology—0.1%
Cerner Corp.	*		5,042		477,729

Hotels, Restaurants & Leisure—1.8%
Carnival Corp.			15,251		523,109
Chipotle Mexican Grill, Inc.	*		1,080		351,940
Darden Restaurants, Inc.			4,663		240,984
International Game Technology			8,531		140,761


Vantagepoint 500 Stock Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Marriott International, Inc., Class A			8,420	$	355,577
McDonald’s Corp.			34,697		3,458,944
Starbucks Corp.			25,624		1,459,543
Starwood Hotels & Resorts Worldwide, Inc.			6,925		441,330
Wyndham Worldwide Corp.			4,785		308,537
Wynn Resorts Ltd.			2,846		356,205
Yum! Brands, Inc.			15,538		1,117,804

					8,754,734

Household Durables—0.3%
D.R. Horton, Inc.			9,898		240,521
Garmin Ltd. (Switzerland)	†		3,828		126,477
Harman International Industries, Inc.			2,512		112,111
Leggett & Platt, Inc.			4,988		168,495
Lennar Corp., Class A			5,349		221,876
Newell Rubbermaid, Inc.			10,245		267,394
PulteGroup, Inc.	*		11,419		231,121
Whirlpool Corp.			2,748		325,528

					1,693,523

Household Products—2.2%
Clorox Co. (The)			4,678		414,143
Colgate-Palmolive Co.			15,297		1,805,505
Kimberly-Clark Corp.			13,475		1,320,281
Procter & Gamble Co. (The)			94,606		7,290,338

					10,830,267

Independent Power Producers & Energy Traders—0.1%
AES Corp. (The)			21,242		267,012
NRG Energy, Inc.			11,290		299,072

					566,084

Industrial Conglomerates—2.4%
3M Co.			22,193		2,359,338
Danaher Corp.			20,038		1,245,361
General Electric Co.			361,482		8,357,464

					11,962,163

Insurance—4.1%
ACE Ltd. (Switzerland)			11,800		1,049,846
Aflac, Inc.			16,308		848,342
Allstate Corp. (The)			16,951		831,786
American International Group, Inc.	*		50,947		1,977,763
Aon plc (United Kingdom)			10,831		666,106
Assurant, Inc.			3,058		137,641
Berkshire Hathaway, Inc., Class B	*		63,368		6,602,946
Chubb Corp. (The)			8,988		786,720
Cincinnati Financial Corp.			4,862		229,438
Genworth Financial, Inc., Class A	*		16,334		163,340
Hartford Financial Services Group, Inc.			14,732		380,086
Lincoln National Corp.			9,168		298,968
Loews Corp.			11,005		484,990
Marsh & McLennan Cos., Inc.			18,528		703,508
MetLife, Inc.			38,256		1,454,493
Principal Financial Group, Inc.			9,217		313,654
Progressive Corp. (The)			18,822		475,632
Prudential Financial, Inc.			15,947		940,713
Torchmark Corp.			3,112		186,098
Travelers Cos., Inc. (The)			13,374		1,125,957
Unum Group			9,125		257,781
XL Group plc (Ireland)			10,640		322,392

					20,238,200


Vantagepoint 500 Stock Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Internet & Catalog Retail—1.1%
Amazon.com, Inc.	*		12,630	$	3,365,768
Expedia, Inc.			3,270		196,233
Netflix, Inc.	*		1,931		365,751
priceline.com, Inc.	*		1,745		1,200,438
TripAdvisor, Inc.	*		3,879		203,725

					5,331,915

Internet Software & Services—2.2%
Akamai Technologies, Inc.	*		6,281		221,657
eBay, Inc.	*		40,211		2,180,240
Google, Inc., Class A	*		9,275		7,364,628
VeriSign, Inc.	*		5,137		242,877
Yahoo! Inc.	*		33,820		795,785

					10,805,187

IT Services—3.8%
Accenture plc, Class A (Ireland)			22,110		1,679,697
Automatic Data Processing, Inc.			16,699		1,085,769
Cognizant Technology Solutions Corp., Class A	*		10,305		789,466
Computer Sciences Corp.			5,168		254,421
Fidelity National Information Services, Inc.			10,093		399,885
Fiserv, Inc.	*		4,489		394,269
International Business Machines Corp.			36,433		7,771,159
Mastercard, Inc., Class A			3,688		1,995,687
Paychex, Inc.			11,185		392,258
SAIC, Inc.			9,268		125,581
Teradata Corp.	*		5,791		338,831
Total System Services, Inc.			5,490		136,042
Visa, Inc., Class A			18,010		3,058,818
Western Union Co. (The)			20,297		305,267

					18,727,150

Leisure Equipment & Products—0.1%
Hasbro, Inc.	†		4,244		186,482
Mattel, Inc.			12,113		530,428

					716,910

Life Sciences Tools & Services—0.5%
Agilent Technologies, Inc.			12,254		514,301
Life Technologies Corp.	*		5,789		374,143
PerkinElmer, Inc.			4,019		135,199
Thermo Fisher Scientific, Inc.			12,381		947,023
Waters Corp.	*		2,974		279,288

					2,249,954

Machinery—1.8%
Caterpillar, Inc.			22,575		1,963,348
Cummins, Inc.			6,063		702,156
Deere & Co.			13,614		1,170,532
Dover Corp.			6,051		440,997
Flowserve Corp.			1,669		279,908
Illinois Tool Works, Inc.			14,477		882,228
Ingersoll-Rand plc (Ireland)			9,500		522,595
Joy Global, Inc.			3,656		217,605
PACCAR, Inc.			12,002		606,821
Pall Corp.			3,958		270,609
Parker Hannifin Corp.			5,054		462,845
Pentair Ltd. (Switzerland)			7,136		376,424
Snap-on, Inc.			1,846		152,664
Stanley Black & Decker, Inc.			5,825		471,650


Vantagepoint 500 Stock Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Xylem, Inc.			5,979	$	164,781

					8,685,163

Media—3.5%
Cablevision Systems Corp., Class A			7,437		111,258
CBS Corp., Class B			20,308		948,180
Comcast Corp., Class A			91,861		3,859,081
DIRECTV	*		19,856		1,124,048
Discovery Communications, Inc., Class A	*		8,495		668,896
Gannett Co., Inc.			7,468		163,325
Interpublic Group of Cos., Inc. (The)			13,818		180,049
News Corp., Class A			69,589		2,123,856
Omnicom Group, Inc.			9,317		548,771
Scripps Networks Interactive, Inc., Class A			3,141		202,092
Time Warner Cable, Inc.			10,296		989,034
Time Warner, Inc.			32,526		1,874,148
Viacom, Inc., Class B			15,882		977,855
Walt Disney Co. (The)			62,640		3,557,952
Washington Post Co. (The), Class B			160		71,520

					17,400,065

Metals & Mining—0.6%
Alcoa, Inc.			36,839		313,868
Allegheny Technologies, Inc.			3,978		126,142
Cliffs Natural Resources, Inc.	†		4,728		89,879
Freeport-McMoRan Copper & Gold, Inc.			33,229		1,099,880
Newmont Mining Corp.			17,389		728,425
Nucor Corp.			10,776		497,313
United States Steel Corp.	†		4,478		87,321

					2,942,828

Multiline Retail—0.8%
Dollar General Corp.	*		10,504		531,292
Dollar Tree, Inc.	*		7,606		368,359
Family Dollar Stores, Inc.			3,484		205,730
J.C. Penney Co., Inc.	†		4,844		73,193
Kohl’s Corp.			7,096		327,338
Macy’s, Inc.			13,413		561,200
Nordstrom, Inc.			5,299		292,664
Target Corp.			22,806		1,561,071

					3,920,847

Multi-Utilities—1.3%
Ameren Corp.			8,536		298,931
CenterPoint Energy, Inc.			14,854		355,902
CMS Energy Corp.			9,405		262,776
Consolidated Edison, Inc.			10,333		630,623
Dominion Resources, Inc.			19,999		1,163,542
DTE Energy Co.			6,094		416,464
Integrys Energy Group, Inc.			2,588		150,518
NiSource, Inc.			10,786		316,461
PG&E Corp.			15,052		670,265
Public Service Enterprise Group, Inc.			17,851		613,003
SCANA Corp.			4,610		235,848
Sempra Energy			7,729		617,856
TECO Energy, Inc.			7,055		125,720
Wisconsin Energy Corp.			8,321		356,888

					6,214,797

Office Electronics—0.1%
Xerox Corp.			42,407		364,700


Vantagepoint 500 Stock Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Oil, Gas & Consumable Fuels—8.9%
Anadarko Petroleum Corp.			17,473	$	1,528,014
Apache Corp.			13,460		1,038,574
Cabot Oil & Gas Corp.			7,263		491,051
Chesapeake Energy Corp.	†		17,414		355,420
Chevron Corp.			67,725		8,047,084
ConocoPhillips			42,398		2,548,120
CONSOL Energy, Inc.			8,076		271,757
Denbury Resources, Inc.	*		12,558		234,207
Devon Energy Corp.			12,926		729,285
EOG Resources, Inc.			9,441		1,209,109
EQT Corp.			5,423		367,408
Exxon Mobil Corp.			155,860		14,044,545
Hess Corp.			10,137		725,910
Kinder Morgan, Inc.			22,393		866,161
Marathon Oil Corp.			24,924		840,437
Marathon Petroleum Corp.			11,588		1,038,285
Murphy Oil Corp.			6,218		396,273
Newfield Exploration Co.	*		4,380		98,200
Noble Energy, Inc.			6,275		725,766
Occidental Petroleum Corp.			27,977		2,192,557
Peabody Energy Corp.			9,844		208,201
Phillips 66			21,948		1,535,701
Pioneer Natural Resources Co.			4,579		568,941
QEP Resources, Inc.			5,856		186,455
Range Resources Corp.			5,640		457,066
Southwestern Energy Co.	*		12,533		466,980
Spectra Energy Corp.			22,892		703,929
Tesoro Corp.			4,936		289,003
Valero Energy Corp.			19,469		885,645
Williams Cos., Inc. (The)			23,609		884,393
WPX Energy, Inc.	*		6,454		103,393

					44,037,870

Paper & Forest Products—0.1%
International Paper Co.			15,411		717,844

Personal Products—0.2%
Avon Products, Inc.			15,040		311,779
Estee Lauder Cos., Inc. (The), Class A			8,445		540,734

					852,513

Pharmaceuticals—5.9%
AbbVie, Inc.			54,557		2,224,834
Actavis, Inc.	*		4,448		409,705
Allergan, Inc.			10,586		1,181,715
Bristol-Myers Squibb Co.			56,977		2,346,883
Eli Lilly & Co.			34,732		1,972,430
Forest Laboratories, Inc.	*		8,371		318,433
Hospira, Inc.	*		5,541		181,911
Johnson & Johnson			97,059		7,913,220
Merck & Co., Inc.			105,121		4,649,502
Mylan, Inc.	*		14,475		418,907
Perrigo Co.			3,137		372,456
Pfizer, Inc.			250,189		7,220,455

					29,210,451

Professional Services—0.1%
Dun & Bradstreet Corp. (The)			1,587		132,753
Equifax, Inc.			3,923		225,926
Robert Half International, Inc.			4,633		173,876

					532,555


Vantagepoint 500 Stock Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Real Estate Investment Trusts (REITs)—2.1%
American Tower Corp. REIT			13,819	$	1,062,958
Apartment Investment &
Management Co., Class A REIT			5,152		157,960
AvalonBay Communities, Inc. REIT			3,908		495,026
Boston Properties, Inc. REIT			5,262		531,778
Equity Residential REIT			11,248		619,315
HCP, Inc. REIT			15,826		789,084
Health Care REIT, Inc. REIT			9,011		611,937
Host Hotels & Resorts, Inc. REIT			25,476		445,575
Kimco Realty Corp. REIT			14,713		329,571
Plum Creek Timber Co., Inc. REIT			5,901		308,032
Prologis, Inc. REIT			16,246		649,515
Public Storage REIT			5,090		775,309
Simon Property Group, Inc. REIT			10,889		1,726,560
Ventas, Inc. REIT			10,242		749,715
Vornado Realty Trust REIT			6,019		503,429
Weyerhaeuser Co. REIT			19,182		601,931

					10,357,695

Real Estate Management & Development—0.1%
CBRE Group, Inc., Class A	*		10,935		276,109

Road & Rail—0.8%
CSX Corp.			35,411		872,173
Norfolk Southern Corp.			10,847		836,087
Ryder System, Inc.			1,762		105,280
Union Pacific Corp.			16,240		2,312,738

					4,126,278

Semiconductors & Semiconductor Equipment—1.9%
Advanced Micro Devices, Inc.	*†		20,715		52,823
Altera Corp.			10,800		383,076
Analog Devices, Inc.			10,642		494,747
Applied Materials, Inc.			42,008		566,268
Broadcom Corp., Class A			18,131		628,602
First Solar, Inc.	*†		1,746		47,072
Intel Corp.			172,006		3,758,331
KLA-Tencor Corp.			5,820		306,947
Lam Research Corp.	*		5,391		223,511
Linear Technology Corp.			8,093		310,528
LSI Corp.	*		19,354		131,220
Microchip Technology, Inc.			6,653		244,564
Micron Technology, Inc.	*		35,993		359,210
NVIDIA Corp.			21,218		272,015
Teradyne, Inc.	*		6,358		103,127
Texas Instruments, Inc.			38,608		1,369,812
Xilinx, Inc.			9,115		347,919

					9,599,772

Software—3.3%
Adobe Systems, Inc.	*		17,281		751,896
Autodesk, Inc.	*		8,155		336,312
BMC Software, Inc.	*		4,891		226,600
CA, Inc.			11,396		286,837
Citrix Systems, Inc.	*		6,595		475,895
Electronic Arts, Inc.	*		10,885		192,665
Intuit, Inc.			9,844		646,259
Microsoft Corp.			262,096		7,498,567
Oracle Corp.			128,451		4,154,105
Red Hat, Inc.	*		6,899		348,814
Salesforce.com, Inc.	*		4,557		814,928
Symantec Corp.	*		24,479		604,142

					16,337,020


Vantagepoint 500 Stock Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Specialty Retail—2.2%
Abercrombie & Fitch Co., Class A			2,804	$	129,545
AutoNation, Inc.	*		1,480		64,750
AutoZone, Inc.	*		1,287		510,643
Bed Bath & Beyond, Inc.	*		7,750		499,255
Best Buy Co., Inc.			9,936		220,082
CarMax, Inc.	*		7,931		330,723
GameStop Corp., Class A	†		3,808		106,510
Gap, Inc. (The)			10,646		376,868
Home Depot, Inc. (The)			51,679		3,606,161
L Brands, Inc.			8,319		371,527
Lowe’s Cos., Inc.			38,772		1,470,234
O’Reilly Automotive, Inc.	*		3,863		396,151
PetSmart, Inc.			3,829		237,781
Ross Stores, Inc.			7,521		455,923
Staples, Inc.			24,219		325,261
Tiffany & Co.	†		4,254		295,823
TJX Cos., Inc.			25,571		1,195,444
Urban Outfitters, Inc.	*		4,083		158,175

					10,750,856

Textiles, Apparel & Luxury Goods—0.7%
Coach, Inc.			9,921		495,951
Fossil, Inc.	*		1,943		187,694
NIKE, Inc., Class B			25,151		1,484,161
PVH Corp.			2,748		293,514
Ralph Lauren Corp.			2,178		368,757
V.F. Corp.			3,098		519,689

					3,349,766

Thrifts & Mortgage Finance—0.1%
Hudson City Bancorp, Inc.			15,450		133,488
People’s United Financial, Inc.			12,543		168,578

					302,066

Tobacco—1.8%
Altria Group, Inc.			69,933		2,404,996
Lorillard, Inc.			13,189		532,176
Philip Morris International, Inc.			57,303		5,312,561
Reynolds American, Inc.			11,537		513,281

					8,763,014

Trading Companies & Distributors—0.2%
Fastenal Co.			9,111		467,850
W.W. Grainger, Inc.			2,074		466,608

					934,458

Wireless Telecommunication Services—0.3%
Crown Castle International Corp.	*		10,231		712,487
MetroPCS Communications, Inc.	*		11,147		121,502
Sprint Nextel Corp.	*		104,276		647,554

					1,481,543

TOTAL COMMON STOCKS (Cost $286,776,711)					485,647,687

Coupon

Rate

Maturity
Date

Face

Value

U.S. TREASURY OBLIGATIONS—0.1%

U.S. Treasury Bills—0.1%

U.S. Treasury Bill

0.080%

06/13/2013

‡

(Cost $339,944)

340,000

339,962


Vantagepoint 500 Stock Index Fund
		Shares		Value
MONEY MARKET FUNDS—1.9%
Institutional Money Market Funds—1.9%
Dreyfus Institutional Cash Advantage Fund, 0.07%	††¥		500,000	$	500,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%	¥		6,690,300		6,690,300
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%	††¥		295,178		295,178
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.10%	††¥		400,000		400,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.11%	††¥		500,000		500,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.13%	††¥		500,000		500,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.12%	††¥		500,000		500,000

TOTAL MONEY MARKET FUNDS (Cost $9,385,478)					9,385,478

TOTAL INVESTMENTS—100.3% (Cost $296,502,133)					495,373,127
Other assets less liabilities—(0.3%)					(1,609,867	)

NET ASSETS—100.0%				$	493,763,260

Legend to the Schedule of Investments:

REIT	Real Estate Investment Trust

*	Non-income producing.

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

‡‡	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—97.8%
Aerospace & Defense—2.2%
AAR Corp.			1,489	$	27,383
Alliant Techsystems, Inc.			1,550		112,266
American Science & Engineering, Inc.			435		26,531
B/E Aerospace, Inc.	*		2,393		144,274
Boeing Co. (The)			25,702		2,206,517
Cubic Corp.			476		20,335
Curtiss-Wright Corp.			2,112		73,286
Engility Holdings, Inc.	*		622		14,916
Esterline Technologies Corp.	*		1,049		79,409
Exelis, Inc.			4,977		54,200
GenCorp, Inc.	*†		1,629		21,666
General Dynamics Corp.			12,337		869,882
HEICO Corp., Class A			1,713		58,773
Hexcel Corp.	*		4,757		138,001
Honeywell International, Inc.			27,826		2,096,689
Huntington Ingalls Industries, Inc.			1,577		84,101
Kratos Defense & Security Solutions, Inc.	*		832		4,185
L-3 Communications Holdings, Inc.			3,737		302,398
Lockheed Martin Corp.			9,671		933,445
Moog, Inc., Class A	*		1,446		66,270
National Presto Industries, Inc.	†		535		43,067
Northrop Grumman Corp.			7,805		547,521
Orbital Sciences Corp.	*		2,123		35,433
Precision Castparts Corp.			5,136		973,888
Raytheon Co.			10,521		618,530
Rockwell Collins, Inc.			6,041		381,308
Spirit Aerosystems Holdings, Inc., Class A	*		2,103		39,936
Taser International, Inc.	*		2,292		18,221
Teledyne Technologies, Inc.	*		1,228		96,324
Textron, Inc.			8,214		244,859
TransDigm Group, Inc.			1,314		200,937
Triumph Group, Inc.			1,644		129,054
United Technologies Corp.			32,963		3,079,733

					13,743,338

Air Freight & Logistics—0.7%
Air T, Inc.			1,352		13,101
Atlas Air Worldwide Holdings, Inc.	*		600		24,456
C.H. Robinson Worldwide, Inc.			6,357		377,987
Expeditors International of Washington, Inc.			8,772		313,248
FedEx Corp.			8,008		786,386
Forward Air Corp.			1,431		53,362
Hub Group, Inc., Class A	*		2,400		92,304
Pacer International, Inc.	*		1,664		8,370
United Parcel Service, Inc., Class B			26,935		2,313,716
UTi Worldwide, Inc.			2,208		31,972

					4,014,902

Airlines—0.2%
Alaska Air Group, Inc.	*		2,686		171,797
Delta Air Lines, Inc.	*		25,505		421,087
JetBlue Airways Corp.	*†		6,414		44,257
SkyWest, Inc.			2,390		38,359
Southwest Airlines Co.			18,586		250,539
United Continental Holdings, Inc.	*		12,259		392,411
US Airways Group, Inc.	*†		8,660		146,960

					1,465,410


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Auto Components—0.4%
American Axle & Manufacturing Holdings, Inc.	*		2,113	$	28,842
Autoliv, Inc. (Sweden)	†		915		63,263
BorgWarner, Inc.	*		4,109		317,790
Cooper Tire & Rubber Co.			3,066		78,674
Dana Holding Corp.			9,980		177,943
Fuel Systems Solutions, Inc.	*		769		12,665
Gentex Corp.			6,594		131,946
Gentherm, Inc.	*		2,107		34,513
Goodyear Tire & Rubber Co. (The)	*		7,281		91,813
Johnson Controls, Inc.			21,627		758,459
Lear Corp.			5,258		288,507
Modine Manufacturing Co.	*		1,208		10,993
Shiloh Industries, Inc.			1,441		15,520
Strattec Security Corp.			123		3,497
Superior Industries International, Inc.			1,102		20,585
Tenneco, Inc.	*		1,600		62,896
TRW Automotive Holdings Corp.	*		3,548		195,140

					2,293,046

Automobiles—0.5%
Ford Motor Co.			141,925		1,866,314
General Motors Co.	*		26,868		747,468
Harley-Davidson, Inc.			5,597		298,320
Tesla Motors, Inc.	*†		3,430		129,963
Thor Industries, Inc.			1,221		44,920
Winnebago Industries, Inc.	*		1,432		29,556

					3,116,541

Beverages—2.1%
Beam, Inc.			3,861		245,328
Brown-Forman Corp., Class B			5,077		362,498
Central European Distribution Corp. (Poland)	*†		9,797		3,282
Coca-Cola Bottling Co. Consolidated			437		26,360
Coca-Cola Co. (The)			156,856		6,343,257
Coca-Cola Enterprises, Inc.			8,850		326,742
Constellation Brands, Inc., Class A	*		8,096		385,693
Crimson Wine Group Ltd.	*		608		5,654
Dr. Pepper Snapple Group, Inc.			7,323		343,815
Molson Coors Brewing Co., Class B			3,486		170,570
Monster Beverage Corp.	*		5,360		255,886
PepsiCo, Inc.			55,820		4,415,920

					12,885,005

Biotechnology—1.9%
Aastrom Biosciences, Inc.	*†		411		288
Acorda Therapeutics, Inc.	*		674		21,588
Agenus, Inc.	*		284		1,105
Alexion Pharmaceuticals, Inc.	*		4,700		433,058
Alkermes plc (Ireland)	*		3,579		84,858
Allos Therapeutic, Inc.	*‡d		3,978		—
Alnylam Pharmaceuticals, Inc.	*		2,390		58,244
AMAG Pharmaceuticals, Inc.	*		834		19,891
Amgen, Inc.			24,296		2,490,583
Arena Pharmaceuticals, Inc.	*†		1,439		11,814
Ariad Pharmaceuticals, Inc.	*		5,175		93,616
Arqule, Inc.	*		864		2,238
Array BioPharma, Inc.	*		4,333		21,318
Astex Pharmaceuticals	*		1,338		5,967
Biogen Idec, Inc.	*		7,647		1,475,183


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
BioMarin Pharmaceutical, Inc.	*		3,587	$	223,327
Biota Pharmaceuticals, Inc.			70		284
Celgene Corp.	*		15,827		1,834,507
Cell Therapeutics, Inc.	*		3,034		3,489
Celldex Therapeutics, Inc.	*		429		4,968
Cepheid, Inc.	*		1,692		64,922
Codexis, Inc.	*		230		550
Cubist Pharmaceuticals, Inc.	*		1,762		82,497
CytRx Corp.	*†		600		1,632
Dendreon Corp.	*†		4,737		22,406
Discovery Laboratories, Inc.	*†		171		391
Emergent Biosolutions, Inc.	*		1,319		18,440
Entremed, Inc.	*		126		256
Enzon Pharmaceuticals, Inc.			1,765		6,707
Exact Sciences Corp.	*		1,250		12,250
Exelixis, Inc.	*†		2,695		12,451
Galena Biopharma, Inc.	*†		209		437
Genomic Health, Inc.	*		1,284		36,311
Geron Corp.	*†		4,719		5,049
Gilead Sciences, Inc.	*		46,912		2,295,404
GTx, Inc.	*		200		830
Halozyme Therapeutics, Inc.	*		6,362		36,709
ImmunoGen, Inc.	*†		1,323		21,247
Immunomedics, Inc.	*		2,141		5,160
Incyte Corp. Ltd.	*†		3,102		72,618
InterMune, Inc.	*†		1,586		14,353
Isis Pharmaceuticals, Inc.	*†		2,216		37,539
Keryx Biopharmaceuticals, Inc.	*†		5,221		36,756
Lexicon Pharmaceuticals, Inc.	*		2,343		5,108
Ligand Pharmaceuticals, Inc., Class B	*		815		21,720
MannKind Corp.	*†		4,492		15,228
Maxygen, Inc.			1,231		2,967
MediciNova, Inc.	*		91		244
Medivation, Inc.	*		3,462		161,918
Momenta Pharmaceuticals, Inc.	*		2,618		34,924
Myriad Genetics, Inc.	*		4,124		104,750
Neurocrine Biosciences, Inc.	*		1,479		17,955
Novavax, Inc.	*†		1,550		3,534
NPS Pharmaceuticals, Inc.	*		1,660		16,915
Onyx Pharmaceuticals, Inc.	*		2,828		251,296
Osiris Therapeutics, Inc.	*		1,402		14,581
PDL BioPharma, Inc.	†		3,841		28,078
Peregrine Pharmaceuticals, Inc.	*†		1,823		2,443
Pharmacyclics, Inc.	*		1,782		143,291
Progenics Pharmaceuticals, Inc.	*		793		4,274
Regeneron Pharmaceuticals, Inc.	*		2,632		464,285
Rigel Pharmaceuticals, Inc.	*		1,882		12,779
Sarepta Therapeutics, Inc.	*†		399		14,743
Savient Pharmaceuticals, Inc.	*†		1,538		1,230
SIGA Technologies, Inc.	*†		4,649		16,643
Synageva BioPharma Corp.	*		242		13,291
Theravance, Inc.	*		3,224		76,151
United Therapeutics Corp.	*		1,828		111,270
Vanda Pharmaceuticals, Inc.	*		2,680		10,506
Vertex Pharmaceuticals, Inc.	*		7,575		416,473
XOMA Corp.	*†		331		1,155

					11,538,993

Building Products—0.2%
A.O. Smith Corp.			2,012		148,023
American Woodmark Corp.	*		800		27,224
Apogee Enterprises, Inc.			1,250		36,188


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Fortune Brands Home & Security, Inc.	*		3,861	$	144,517
Gibraltar Industries, Inc.	*		1,188		21,681
Griffon Corp.			1,288		15,353
Lennox International, Inc.			2,437		154,725
Masco Corp.			9,464		191,646
NCI Building Systems, Inc.	*		246		4,273
Owens Corning, Inc.	*		1,100		43,373
Quanex Building Products Corp.			1,671		26,903
Simpson Manufacturing Co., Inc.			2,084		63,791
Trex Co., Inc.	*		731		35,951
Universal Forest Products, Inc.			1,121		44,627
USG Corp.	*†		3,348		88,521

					1,046,796

Capital Markets—2.1%
Affiliated Managers Group, Inc.	*		1,354		207,934
American Capital Ltd.	*		10,947		159,771
Ameriprise Financial, Inc.			9,235		680,158
Arlington Asset Investment Corp., Class A			304		7,846
Bank of New York Mellon Corp. (The)			42,725		1,195,873
BGC Partners, Inc., Class A			7,270		30,243
BlackRock, Inc.			4,558		1,170,859
Calamos Asset Management, Inc., Class A			1,800		21,186
Charles Schwab Corp. (The)			39,829		704,575
CIFC Corp.	*		342		2,815
Cowen Group, Inc., Class A	*		2,582		7,281
Diamond Hill Investment Group, Inc.			331		25,755
E*TRADE Financial Corp.	*		13,474		144,307
Eaton Vance Corp.			5,282		220,946
Federated Investors, Inc., Class B	†		3,745		88,644
Franklin Resources, Inc.			6,281		947,238
GAMCO Investors, Inc., Class A			558		29,635
GFI Group, Inc.			2,520		8,417
Goldman Sachs Group, Inc. (The)			17,270		2,541,280
Greenhill & Co., Inc.			495		26,423
Institutional Financial Markets, Inc.			421		973
INTL FCStone, Inc.	*		507		8,827
Invesco Ltd.			16,610		481,026
Investment Technology Group, Inc.	*		2,078		22,941
Janus Capital Group, Inc.			6,411		60,263
Knight Capital Group, Inc., Class A	*		4,630		17,224
Legg Mason, Inc.			5,850		188,077
Medallion Financial Corp.			958		12,665
Morgan Stanley			52,106		1,145,290
Northern Trust Corp.			8,495		463,487
Piper Jaffray Cos.	*		963		33,031
Raymond James Financial, Inc.			3,472		160,059
Safeguard Scientifics, Inc.	*		678		10,712
SEI Investments Co.			5,918		170,734
State Street Corp.			15,937		941,717
Stifel Financial Corp.	*		2,724		94,441
SWS Group, Inc.	*		1,323		8,004
T. Rowe Price Group, Inc.			10,248		767,268
TD Ameritrade Holding Corp.			8,355		172,280
Virtus Investment Partners, Inc.	*		210		39,119
Waddell & Reed Financial, Inc., Class A			3,971		173,850
Walter Investment Management Corp.	*		602		22,425


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Westwood Holdings Group, Inc.			1,027	$	45,630

					13,261,229

Chemicals—2.2%
A. Schulman, Inc.			1,444		45,573
Air Products & Chemicals, Inc.			6,756		588,583
Airgas, Inc.			3,075		304,917
Albemarle Corp.			3,712		232,074
Ashland, Inc.			1,520		112,936
Axiall Corp.			600		37,296
Cabot Corp.			2,693		92,101
Calgon Carbon Corp.	*		3,184		57,630
Celanese Corp., Series A			2,979		131,225
CF Industries Holdings, Inc.			2,571		489,441
Cytec Industries, Inc.			1,644		121,787
Dow Chemical Co. (The)			37,675		1,199,572
E.I. Du Pont de Nemours & Co.			36,166		1,777,921
Eastman Chemical Co.			4,366		305,052
Ecolab, Inc.			10,311		826,736
Ferro Corp.	*		1,818		12,271
FMC Corp.			3,500		199,605
H.B. Fuller Co.			2,570		100,436
Huntsman Corp.			5,470		101,687
International Flavors & Fragrances, Inc.			3,885		297,863
Intrepid Potash, Inc.			1,172		21,987
Koppers Holdings, Inc.			1,582		69,576
Kronos Worldwide, Inc.	†		2,262		35,400
Landec Corp.	*		986		14,267
LSB Industries, Inc.	*		1,411		49,075
Minerals Technologies, Inc.			1,736		72,061
Monsanto Co.			18,845		1,990,597
Mosaic Co. (The)			10,146		604,803
NewMarket Corp.			378		98,416
Olin Corp.			2,796		70,515
OM Group, Inc.	*		1,147		26,932
OMNOVA Solutions, Inc.	*		6,478		49,686
Penford Corp.	*		785		8,611
PolyOne Corp.			3,321		81,066
PPG Industries, Inc.			5,488		735,063
Praxair, Inc.			10,790		1,203,517
Quaker Chemical Corp.			483		28,507
Rockwood Holdings, Inc.			2,347		153,588
RPM International, Inc.			4,832		152,595
Scotts Miracle-Gro Co. (The), Class A			1,662		71,865
Sensient Technologies Corp.			2,027		79,235
Sherwin-Williams Co. (The)			2,340		395,203
Sigma-Aldrich Corp.			3,395		263,724
Stepan Co.			1,112		70,167
Tredegar Corp.			1,606		47,281
Valhi, Inc.			1,533		24,605
Valspar Corp.			2,240		139,440
W.R. Grace & Co.	*		1,838		142,463
Zep, Inc.			936		14,049

					13,749,000

Commercial Banks—3.0%
1st Source Corp.			1,180		27,966
Associated Banc-Corp			5,110		77,621
BancFirst Corp.			642		26,771
BancorpSouth, Inc.			3,611		58,859
Bank of Hawaii Corp.			1,898		96,437
BB&T Corp.			24,485		768,584


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
BOK Financial Corp.			1,765	$	109,960
Boston Private Financial Holdings, Inc.			1,297		12,814
Bryn Mawr Bank Corp.			1,058		24,630
Capital City Bank Group, Inc.	*		1,113		13,746
CapitalSource, Inc.			19,650		189,033
Cardinal Financial Corp.			1,142		20,762
Cascade Bancorp	*		219		1,480
Cathay General Bancorp			2,082		41,890
Catskill Litigation Trust	*‡d		582		—
Central Pacific Financial Corp.	*		103		1,617
Chemical Financial Corp.			1,552		40,942
CIT Group, Inc.	*		6,132		266,619
Citizens Republic Bancorp, Inc.	*		6,759		152,415
City Holding Co.			250		9,948
City National Corp./California			1,548		91,193
CoBiz Financial, Inc.			1,063		8,589
Comerica, Inc.			8,301		298,421
Commerce Bancshares, Inc./Missouri			2,859		116,733
Community Bank System, Inc.			1,402		41,541
Community Trust Bancorp, Inc.			665		22,630
Cullen/Frost Bankers, Inc.	†		2,502		156,450
CVB Financial Corp.			4,084		46,027
East West Bancorp, Inc.			7,969		204,564
Fidelity Southern Corp.	*		1,558		17,917
Fifth Third Bancorp			34,539		563,331
Financial Institutions, Inc.			749		14,950
First BanCorp. (Puerto Rico)	*†		322		2,006
First Bancorp/North Carolina			643		8,674
First Busey Corp.			2,407		11,000
First Citizens BancShares, Inc./North Carolina, Class A			254		46,406
First Commonwealth Financial Corp.			2,619		19,538
First Financial Bancorp			1,895		30,415
First Financial Bankshares, Inc.	†		500		24,300
First Horizon National Corp.			8,735		93,290
First Merchants Corp.			874		13,521
First Midwest Bancorp, Inc./Illinois			2,002		26,587
First Niagara Financial Group, Inc.			10,034		88,901
First of Long Island Corp. (The)			986		29,235
FirstMerit Corp.	†		3,950		65,294
FNB Corp./Pennsylvania			4,685		56,689
Fulton Financial Corp.			6,533		76,436
Glacier Bancorp, Inc.			1,771		33,614
Guaranty Bancorp	*		5,300		11,130
Hancock Holding Co.			2,032		62,829
Hanmi Financial Corp.	*		900		14,400
Heritage Financial Corp./Washington			332		4,814
Home Bancshares, Inc./Arkansas			1,170		44,074
Huntington Bancshares, Inc./Ohio			26,837		198,325
IBERIABANK Corp.			966		48,319
Independent Bank Corp./Massachusetts			874		28,484
Independent Bank Corp./Michigan	*		208		1,760
International Bancshares Corp.			3,248		67,558
KeyCorp			27,431		273,213
M&T Bank Corp.	†		3,469		357,862
MB Financial, Inc.			931		22,502
Merchants Bancshares, Inc.			571		17,207
MidSouth Bancorp, Inc.			522		8,488


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
MidWestOne Financial Group, Inc.			552	$	13,143
National Penn Bancshares, Inc.			2,758		29,483
NBT Bancorp, Inc.			1,000		22,150
Old National Bancorp/Indiana			3,552		48,840
Pacific Premier Bancorp, Inc.	*		976		12,834
PacWest Bancorp			894		26,024
Park National Corp.	†		728		50,807
Peoples Bancorp, Inc./Ohio			814		18,225
Pinnacle Financial Partners, Inc.	*		1,818		42,468
PNC Financial Services Group, Inc.			20,071		1,334,722
Popular, Inc. (Puerto Rico)	*		5,380		148,542
PrivateBancorp, Inc.			1,200		22,692
Prosperity Bancshares, Inc.			2,300		108,997
Regions Financial Corp.			41,501		339,893
Republic Bancorp, Inc./Kentucky, Class A			1,603		36,292
Royal Bancshares of Pennsylvania, Inc., Class A	*		882		1,323
S&T Bancorp, Inc.			955		17,706
Sandy Spring Bancorp, Inc.			344		6,914
Shore Bancshares, Inc.	*		826		5,633
Signature Bank/New York	*		1,900		149,644
Simmons First National Corp., Class A			911		23,067
Sterling Bancorp/New York			1,476		14,996
Sterling Financial Corp./Washington			38		824
Suffolk Bancorp	*		1,100		15,664
SunTrust Banks, Inc.			19,144		551,539
Susquehanna Bancshares, Inc.			2,932		36,445
SVB Financial Group	*		1,437		101,941
Synovus Financial Corp.	†		41,667		115,418
TCF Financial Corp.			6,104		91,316
Texas Capital Bancshares, Inc.	*		2,821		114,109
Tompkins Financial Corp.			730		30,864
TowneBank/Virginia	†		1,448		21,677
Trustmark Corp.			2,635		65,901
U.S. Bancorp			70,002		2,375,168
UMB Financial Corp.			1,211		59,424
Umpqua Holdings Corp.			1,151		15,262
United Bankshares, Inc.	†		2,134		56,786
United Community Banks, Inc./Georgia	*		454		5,148
Valley National Bancorp	†		6,899		70,646
Washington Trust Bancorp, Inc.			500		13,690
Webster Financial Corp.			2,393		58,054
Wells Fargo & Co.			185,208		6,850,844
WesBanco, Inc.			1,699		40,691
Westamerica Bancorporation			1,628		73,797
Western Alliance Bancorp	*		1,400		19,376
Wintrust Financial Corp.			1,017		37,670
Zions Bancorporation			5,053		126,274

					18,734,234

Commercial Services & Supplies—0.6%
ABM Industries, Inc.			2,291		50,952
ACCO Brands Corp.	*		2,302		15,377
ADT Corp. (The)			4,996		244,504
Avery Dennison Corp.			3,924		169,007
Brink’s Co. (The)			2,084		58,894
Cenveo, Inc.	*†		4,741		10,193
Cintas Corp.			2,017		89,010
Clean Harbors, Inc.	*		2,414		140,229
Consolidated Graphics, Inc.	*		776		30,342


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Copart, Inc.	*		2,852	$	97,767
Courier Corp.			424		6,110
Covanta Holding Corp.			4,185		84,328
Deluxe Corp.			2,098		86,857
EnergySolutions, Inc.	*		4,049		15,184
Ennis, Inc.			695		10,474
G&K Services, Inc., Class A			1,008		45,874
Healthcare Services Group, Inc.			5,603		143,605
Herman Miller, Inc.			3,155		87,299
HNI Corp.			2,512		89,151
Interface, Inc.			3,357		64,521
Iron Mountain, Inc.			7,780		282,492
Kimball International, Inc., Class B			1,500		13,590
Knoll, Inc.			2,701		48,969
McGrath RentCorp			916		28,488
Mine Safety Appliances Co.			1,444		71,651
Mobile Mini, Inc.	*		2,000		58,860
NL Industries, Inc.			2,111		26,240
Perma-Fix Environmental Services, Inc.	*		5,502		4,512
Pitney Bowes, Inc.	†		1,828		27,164
R.R. Donnelley & Sons Co.	†		8,887		107,088
Republic Services, Inc.			14,202		468,666
Rollins, Inc.			1,486		36,481
Standard Register Co. (The)	*		1,650		1,387
Steelcase, Inc., Class A			1,992		29,342
Stericycle, Inc.	*		3,138		333,193
Tetra Tech, Inc.	*		2,114		64,456
TRC Cos., Inc.	*		327		2,109
United Stationers, Inc.			2,556		98,789
Viad Corp.			937		25,917
Virco Manufacturing Corp.	*		799		1,902
Waste Connections, Inc.			3,543		127,477
Waste Management, Inc.			12,851		503,888

					3,902,339

Communications Equipment—1.8%
ADTRAN, Inc.	†		3,197		62,821
Alliance Fiber Optic Products, Inc.			963		12,548
Anaren, Inc.	*		813		15,764
Arris Group, Inc.	*		3,613		62,035
Aruba Networks, Inc.	*†		2,125		52,572
Aviat Networks, Inc.	*		2,182		7,353
Black Box Corp.			865		18,866
Brocade Communications Systems, Inc.	*		14,008		80,826
CalAmp Corp.	*		550		6,033
Ciena Corp.	*		5,950		95,260
Cisco Systems, Inc.			206,501		4,317,936
Comtech Telecommunications Corp.			1,350		32,778
Digi International, Inc.	*		1,976		17,646
EchoStar Corp., Class A	*		1,877		73,147
Emcore Corp.	*		306		1,781
Emulex Corp.	*		3,408		22,254
Extreme Networks, Inc.	*		4,491		15,135
F5 Networks, Inc.	*		2,664		237,309
Finisar Corp.	*†		856		11,291
Harmonic, Inc.	*		2,820		16,328
Harris Corp.			3,891		180,309
Infinera Corp.	*†		4,191		29,337
InterDigital, Inc.	†		2,803		134,067
Ixia	*		2,330		50,421
JDS Uniphase Corp.	*		7,444		99,526


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Juniper Networks, Inc.	*		17,553	$	325,433
KVH Industries, Inc.	*		375		5,089
Motorola Solutions, Inc.			8,298		531,321
NETGEAR, Inc.	*		1,206		40,413
Numerex Corp., Class A	*		1,800		23,022
Oclaro, Inc.	*†		363		457
Oplink Communications, Inc.	*		758		12,431
Optical Cable Corp.			240		1,001
Parkervision, Inc.	*†		1,052		3,861
Performance Technologies, Inc.	*		793		658
Plantronics, Inc.			1,826		80,691
Polycom, Inc.	*		8,354		92,562
QUALCOMM, Inc.			64,865		4,342,712
Riverbed Technology, Inc.	*		3,698		55,137
Sonus Networks, Inc.	*		10,700		27,713
Tellabs, Inc.			19,143		40,009
UTStarcom Holdings Corp. (China)	*		919		2,573
ViaSat, Inc.	*†		1,190		57,644
Westell Technologies, Inc., Class A	*		1,821		3,660
Zoom Technologies, Inc. (China)	*†		542		369

					11,300,099

Computers & Peripherals—3.5%
3D Systems Corp.	*†		3,474		112,002
Apple, Inc.			34,838		15,420,344
Avid Technology, Inc.	*		1,448		9,079
Concurrent Computer Corp.			190		1,503
Cray, Inc.	*		714		16,572
Dataram Corp.	*		195		411
Dell, Inc.			58,645		840,383
Diebold, Inc.			3,079		93,355
Dot Hill Systems Corp.	*		1,396		1,536
Electronics for Imaging, Inc.	*		2,638		66,900
EMC Corp.	*		78,697		1,880,071
Hewlett-Packard Co.			65,277		1,556,204
Hutchinson Technology, Inc.	*†		1,149		3,160
Imation Corp.	*		1,564		5,974
Intermec, Inc.	*		2,374		23,336
Lexmark International, Inc., Class A			1,492		39,389
NCR Corp.	*		7,848		216,291
NetApp, Inc.	*		11,382		388,809
Novatel Wireless, Inc.	*		1,358		2,702
QLogic Corp.	*		3,731		43,280
Quantum Corp.	*		6,681		8,552
SanDisk Corp.	*		8,969		493,295
Silicon Graphics International Corp.	*		1,843		25,341
STEC, Inc.	*		1,255		5,547
Synaptics, Inc.	*		1,586		64,534
TransAct Technologies, Inc.			888		7,006
Western Digital Corp.			8,356		420,140

					21,745,716

Construction & Engineering—0.3%
AECOM Technology Corp.	*		3,236		106,141
Aegion Corp.	*		1,223		28,313
Comfort Systems USA, Inc.			2,179		30,702
Dycom Industries, Inc.	*		2,076		40,877
EMCOR Group, Inc.			2,908		123,270
Fluor Corp.			4,946		328,068
Furmanite Corp.	*		1,100		7,359
Granite Construction, Inc.			1,889		60,146
Jacobs Engineering Group, Inc.	*		4,968		279,400


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
KBR, Inc.			6,464	$	207,365
Layne Christensen Co.	*		510		10,904
MasTec, Inc.	*		2,049		59,728
Quanta Services, Inc.	*		8,861		253,247
Tutor Perini Corp.	*		960		18,528
URS Corp.			2,934		139,101

					1,693,149

Construction Materials—0.1%
Eagle Materials, Inc.			2,083		138,790
Headwaters, Inc.	*		2,095		22,835
Martin Marietta Materials, Inc.			494		50,398
Texas Industries, Inc.	*†		1,116		70,431
Vulcan Materials Co.			3,605		186,379

					468,833

Consumer Finance—0.8%
American Express Co.			34,754		2,344,505
Capital One Financial Corp.			18,869		1,036,851
Cash America International, Inc.			685		35,942
Discover Financial Services			18,027		808,331
Ezcorp, Inc., Class A	*		2,031		43,260
First Marblehead Corp. (The)	*†		2,764		2,791
Nelnet, Inc., Class A			481		16,258
Portfolio Recovery Associates, Inc.	*		504		63,968
SLM Corp.			20,100		411,648
World Acceptance Corp.	*†		639		54,871

					4,818,425

Containers & Packaging—0.3%
AEP Industries, Inc.	*		372		26,713
AptarGroup, Inc.			3,130		179,506
Ball Corp.			6,557		311,982
Bemis Co., Inc.			1,316		53,114
Crown Holdings, Inc.	*		3,283		136,606
Greif, Inc., Class A			852		45,684
MeadWestvaco Corp.			2,983		108,283
Myers Industries, Inc.			1,716		23,955
Owens-Illinois, Inc.	*		6,064		161,606
Packaging Corp. of America			4,339		194,691
Rock-Tenn Co., Class A			1,450		134,546
Sealed Air Corp.			2,704		65,193
Silgan Holdings, Inc.			820		38,745
Sonoco Products Co.			3,353		117,321

					1,597,945

Distributors—0.1%
Genuine Parts Co.			3,417		266,526
LKQ Corp.	*		14,000		304,640
Pool Corp.			2,434		116,832
VOXX International Corp.	*		1,218		13,045

					701,043

Diversified Consumer Services—0.2%
American Public Education, Inc.	*†		698		24,353
Apollo Group, Inc., Class A	*		5,209		90,585
Ascent Capital Group, Inc., Class A	*		545		40,570
Career Education Corp.	*		4,167		9,876
Coinstar, Inc.	*†		1,075		62,802
Corinthian Colleges, Inc.	*†		3,624		7,610
DeVry, Inc.			2,980		94,615
H&R Block, Inc.			11,402		335,447
Hillenbrand, Inc.			1,576		39,841
ITT Educational Services, Inc.	*†		1,873		25,810
Learning Tree International, Inc.	*		766		2,834


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Matthews International Corp., Class A			1,052	$	36,704
Regis Corp.	†		1,818		33,069
Service Corp. International			11,775		196,996
Sotheby’s			2,623		98,127
Steiner Leisure Ltd. (Bahamas)	*		1,503		72,685
Stewart Enterprises, Inc., Class A			4,115		38,228
Strayer Education, Inc.	†		551		26,657
Universal Technical Institute, Inc.			418		5,279
Weight Watchers International, Inc.	†		1,826		76,893

					1,318,981

Diversified Financial Services—3.2%
Bank of America Corp.			407,057		4,957,954
Citigroup, Inc.			111,256		4,921,966
CME Group, Inc.			13,490		828,151
Interactive Brokers Group, Inc., Class A			1,570		23,409
IntercontinentalExchange, Inc.	*†		2,776		452,682
JPMorgan Chase & Co.			144,036		6,835,949
Leucadia National Corp.			9,873		270,816
McGraw-Hill Cos., Inc. (The)			9,601		500,020
Moody’s Corp.			6,057		322,959
MSCI, Inc.	*		3,439		116,685
NASDAQ OMX Group, Inc. (The)			5,431		175,421
NYSE Euronext			9,567		369,669
PHH Corp.	*		2,212		48,576
PICO Holdings, Inc.	*		1,150		25,530
Resource America, Inc., Class A			1,287		12,819

					19,862,606

Diversified Telecommunication Services—2.3%
8x8, Inc.	*		3,048		20,879
Alaska Communications Systems Group, Inc.			2,850		4,731
AT&T, Inc.			208,622		7,654,341
CenturyLink, Inc.			19,640		689,953
Cincinnati Bell, Inc.	*		8,448		27,541
Cogent Communications Group, Inc.			2,886		76,190
Consolidated Communications Holdings, Inc.			80		1,404
Frontier Communications Corp.	†		39,354		156,629
General Communication, Inc., Class A	*		2,516		23,072
HickoryTech Corp.			651		6,608
IDT Corp., Class B			1,600		19,296
Level 3 Communications, Inc.	*†		9,439		191,517
Lumos Networks Corp.			1,350		18,198
Premiere Global Services, Inc.	*		2,174		23,892
Towerstream Corp.	*†		32,027		71,420
tw telecom inc.	*		1,928		48,566
Verizon Communications, Inc.			105,621		5,191,272
Windstream Corp.	†		21,003		166,974

					14,392,483

Electric Utilities—1.9%
ALLETE, Inc.			1,243		60,932
American Electric Power Co., Inc.			17,879		869,456
Cleco Corp.			2,109		99,186
Duke Energy Corp.			24,824		1,801,974
Edison International			12,222		615,011
El Paso Electric Co.			1,748		58,820
Empire District Electric Co. (The)			1,197		26,813
Entergy Corp.			5,441		344,089


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Exelon Corp.			34,906	$	1,203,559
FirstEnergy Corp.			12,192		514,502
Great Plains Energy, Inc.			3,450		80,005
Hawaiian Electric Industries, Inc.	†		3,066		84,959
IDACORP, Inc.			1,515		73,129
ITC Holdings Corp.			1,539		137,371
MGE Energy, Inc.			1,559		86,431
NextEra Energy, Inc.			16,813		1,306,034
Northeast Utilities			10,939		475,409
NV Energy, Inc.			7,959		159,419
OGE Energy Corp.			3,358		234,993
Otter Tail Corp.			1,095		34,098
Pepco Holdings, Inc.			7,066		151,212
Pinnacle West Capital Corp.			3,789		219,345
PNM Resources, Inc.			2,169		50,516
Portland General Electric Co.			1,100		33,363
PPL Corp.			22,170		694,143
Southern Co.			31,134		1,460,807
UIL Holdings Corp.			1,496		59,227
Unitil Corp.			420		11,815
UNS Energy Corp.			1,571		76,885
Westar Energy, Inc.			4,032		133,782
Xcel Energy, Inc.			16,552		491,594

					11,648,879

Electrical Equipment—0.8%
Active Power, Inc.	*		218		1,001
Acuity Brands, Inc.			1,873		129,893
American Superconductor Corp.	*†		1,147		3,051
AMETEK, Inc.			9,526		413,047
AZZ, Inc.			3,164		152,505
Babcock & Wilcox Co. (The)			5,852		166,255
Belden, Inc.			1,894		97,825
Brady Corp., Class A			2,402		80,539
Capstone Turbine Corp.	*†		34,249		30,824
Eaton Corp. plc (Ireland)			15,084		923,895
Emerson Electric Co.			26,374		1,473,515
Encore Wire Corp.			1,400		49,028
Franklin Electric Co., Inc.			1,804		60,560
FuelCell Energy, Inc.	*†		93,986		88,704
General Cable Corp.	*		3,772		138,168
GrafTech International Ltd.	*†		3,487		26,780
Hubbell, Inc., Class B			2,078		201,795
II-VI, Inc.	*		1,364		23,243
LSI Industries, Inc.			1,083		7,559
Magnetek, Inc.	*		140		1,956
Powell Industries, Inc.	*		1,045		54,936
Regal-Beloit Corp.			1,272		103,744
Rockwell Automation, Inc.			4,331		373,982
Roper Industries, Inc.			2,980		379,384
Ultralife Corp.	*		416		1,822
Vicor Corp.	*		1,380		6,859

					4,990,870

Electronic Equipment, Instruments & Components—0.6%
Agilysys, Inc.	*		1,335		13,270
Amphenol Corp., Class A			5,423		404,827
Anixter International, Inc.			1,723		120,472
Arrow Electronics, Inc.	*		4,585		186,243
Avnet, Inc.	*		5,129		185,670
AVX Corp.			2,270		27,013
Badger Meter, Inc.			1,134		60,692
Benchmark Electronics, Inc.	*		2,520		45,410
Checkpoint Systems, Inc.	*		1,441		18,819


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Cognex Corp.			2,023	$	85,269
Coherent, Inc.			1,348		76,486
Corning, Inc.			52,776		703,504
CTS Corp.			1,580		16,495
Daktronics, Inc.			927		9,734
Dolby Laboratories, Inc., Class A	†		1,370		45,977
DTS, Inc.	*		755		12,556
Echelon Corp.	*		1,769		4,316
Electro Rent Corp.			950		17,613
Electro Scientific Industries, Inc.			1,421		15,702
FARO Technologies, Inc.	*		453		19,656
FEI Co.			1,368		88,304
FLIR Systems, Inc.			5,608		145,864
Frequency Electronics, Inc.			821		7,668
ID Systems, Inc.	*		2,016		11,491
Identive Group, Inc.	*		1,494		2,211
Ingram Micro, Inc., Class A	*		1,030		20,270
Insight Enterprises, Inc.	*		2,054		42,354
Iteris, Inc.	*		4,263		7,759
Itron, Inc.	*		955		44,312
Jabil Circuit, Inc.			8,287		153,144
Lightpath Technologies, Inc., Class A	*		1,526		1,145
Littelfuse, Inc.			909		61,676
LRAD Corp.	*		3,686		3,833
Maxwell Technologies, Inc.	*†		370		1,994
Mercury Systems, Inc.	*		963		7,097
Mesa Laboratories, Inc.			1,200		63,588
Methode Electronics, Inc.			1,383		17,813
Molex, Inc.			1,611		47,170
MTS Systems Corp.			1,342		78,037
National Instruments Corp.			5,121		167,713
Newport Corp.	*		1,614		27,309
OSI Systems, Inc.	*		867		54,005
Park Electrochemical Corp.			1,086		27,519
PC Connection, Inc.			854		13,963
Planar Systems, Inc.	*		785		1,476
Plexus Corp.	*		1,884		45,800
Power-One, Inc.	*†		3,459		14,355
Pulse Electronics Corp.	*		1,866		756
Radisys Corp.	*		961		4,728
Research Frontiers, Inc.	*†		752		2,767
Rofin-Sinar Technologies, Inc.	*		2,200		59,598
Rogers Corp.	*		803		38,239
Sanmina Corp.	*		3,577		40,635
ScanSource, Inc.	*		1,126		31,776
Sigmatron International, Inc.	*		282		1,159
SYNNEX Corp.	*		104		3,848
Tech Data Corp.	*		2,057		93,820
Trimble Navigation Ltd.	*		8,636		258,735
TTM Technologies, Inc.	*		1,639		12,456
Universal Display Corp.	*†		1,350		39,677
Vishay Intertechnology, Inc.	*		6,172		84,001
Vishay Precision Group, Inc.	*		440		6,464
Wayside Technology Group, Inc.			1,787		21,247
Zygo Corp.	*		967		14,321

					3,941,821

Energy Equipment & Services—1.8%
Atwood Oceanics, Inc.	*		1,298		68,197
Baker Hughes, Inc.			13,177		611,545
Basic Energy Services, Inc.	*†		1,600		21,872
Bristow Group, Inc.			982		64,753
Cal Dive International, Inc.	*†		4,816		8,669


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Cameron International Corp.	*		9,319	$	607,599
CARBO Ceramics, Inc.	†		1,137		103,547
Dawson Geophysical Co.	*		924		27,720
Diamond Offshore Drilling, Inc.	†		1,577		109,696
Dresser-Rand Group, Inc.	*		2,924		180,294
Dril-Quip, Inc.	*		880		76,710
Era Group, Inc.	*		713		14,973
Exterran Holdings, Inc.	*		2,465		66,555
FMC Technologies, Inc.	*		8,237		448,010
Geospace Technologies Corp.	*		1,100		118,712
Gulfmark Offshore, Inc., Class A			1,000		38,960
Halliburton Co.			32,022		1,294,009
Helix Energy Solutions Group, Inc.	*		3,853		88,157
Helmerich & Payne, Inc.			3,926		238,308
Hercules Offshore, Inc.	*		5,226		38,777
Hornbeck Offshore Services, Inc.	*		1,800		83,628
ION Geophysical Corp.	*		6,136		41,786
Key Energy Services, Inc.	*		7,257		58,637
Lufkin Industries, Inc.			2,000		132,780
Matrix Service Co.	*		468		6,973
McDermott International, Inc.	*		11,704		128,627
Mitcham Industries, Inc.	*		1,100		18,612
Nabors Industries Ltd. (Bermuda)			10,988		178,225
National Oilwell Varco, Inc.			16,517		1,168,578
Newpark Resources, Inc.	*		3,484		32,331
Oceaneering International, Inc.			4,464		296,454
Oil States International, Inc.	*		2,026		165,261
Parker Drilling Co.	*		3,755		16,071
Patterson-UTI Energy, Inc.			6,712		160,014
PHI, Inc.	*		774		26,479
Pioneer Energy Services Corp.	*		2,700		22,275
Rowan Cos. plc, Class A	*		3,918		138,540
Schlumberger Ltd.			50,479		3,780,372
SEACOR Holdings, Inc.			713		52,534
Superior Energy Services, Inc.	*		4,034		104,763
Tesco Corp.	*		3,185		42,647
TETRA Technologies, Inc.	*		2,352		24,131
Tidewater, Inc.			78		3,939
Unit Corp.	*		1,702		77,526

					10,988,246

Food & Staples Retailing—2.1%
Andersons, Inc. (The)			700		37,464
Arden Group, Inc., Class A			260		26,284
Casey’s General Stores, Inc.			1,608		93,746
Costco Wholesale Corp.			14,357		1,523,421
CVS Caremark Corp.			46,763		2,571,497
Harris Teeter Supermarkets, Inc.			1,967		84,011
Kroger Co. (The)			14,687		486,727
Nash Finch Co.			674		13,197
Pantry, Inc. (The)	*		1,200		14,964
Rite Aid Corp.	*		25,982		49,366
Safeway, Inc.	†		8,825		232,539
SUPERVALU, Inc.	†		8,154		41,096
Sysco Corp.			22,511		791,712
United Natural Foods, Inc.	*		1,912		94,070
Walgreen Co.			31,202		1,487,711
Wal-Mart Stores, Inc.			61,467		4,599,576
Weis Markets, Inc.			382		15,547
Whole Foods Market, Inc.			6,164		534,727

					12,697,655

Food Products—1.8%
Archer-Daniels-Midland Co.			23,265		784,728


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Bunge Ltd.			4,700	$	347,001
Campbell Soup Co.			5,629		255,331
Chiquita Brands International, Inc.	*		2,150		16,684
ConAgra Foods, Inc.			14,190		508,144
Darling International, Inc.	*		3,150		56,574
Dean Foods Co.	*		6,281		113,875
Farmer Bros. Co.	*		930		13,671
Flowers Foods, Inc.			6,210		204,557
Fresh Del Monte Produce, Inc.			567		15,298
General Mills, Inc.			21,313		1,050,944
Green Mountain Coffee Roasters, Inc.	*†		4,435		251,731
Griffin Land & Nurseries, Inc.			650		19,533
H.J. Heinz Co.			10,532		761,148
Hain Celestial Group, Inc. (The)	*		1,426		87,100
Hershey Co. (The)			6,664		583,300
Hillshire Brands Co.			4,327		152,094
Hormel Foods Corp.			6,390		264,035
Ingredion, Inc.			3,164		228,821
Inventure Foods, Inc.	*		5,272		41,016
J&J Snack Foods Corp.			761		58,513
J.M. Smucker Co. (The)			4,592		455,343
Kellogg Co.			8,673		558,801
Kraft Foods Group, Inc.			19,695		1,014,883
Lancaster Colony Corp.			1,389		106,953
McCormick & Co., Inc.			4,101		301,629
Mead Johnson Nutrition Co.			7,038		545,093
Mondelez International, Inc., Class A			64,045		1,960,417
Post Holdings, Inc.	*		1,156		49,627
Sanderson Farms, Inc.			864		47,192
Seaboard Corp.			18		50,400
Smithfield Foods, Inc.	*		4,682		123,979
Snyders-Lance, Inc.			1,370		34,606
Tootsie Roll Industries, Inc.	†		681		20,364
TreeHouse Foods, Inc.	*		1,256		81,828
Tyson Foods, Inc., Class A			10,231		253,933

					11,419,146

Gas Utilities—0.3%
AGL Resources, Inc.			3,698		155,131
Atmos Energy Corp.			2,732		116,629
Chesapeake Utilities Corp.			949		46,548
Delta Natural Gas Co., Inc.			760		16,614
Laclede Group, Inc. (The)			1,025		43,767
National Fuel Gas Co.			3,639		223,253
New Jersey Resources Corp.			1,681		75,393
Northwest Natural Gas Co.			1,183		51,839
ONEOK, Inc.			7,816		372,589
Piedmont Natural Gas Co., Inc.			2,740		90,091
Questar Corp.			7,412		180,334
South Jersey Industries, Inc.			2,014		111,958
Southwest Gas Corp.			1,252		59,420
UGI Corp.			2,720		104,421
WGL Holdings, Inc.			2,315		102,092

					1,750,079

Health Care Equipment & Supplies—2.0%
Abaxis, Inc.			749		35,443
Abbott Laboratories			59,451		2,099,809
ABIOMED, Inc.	*		886		16,542
Alere, Inc.	*		3,011		76,871
Align Technology, Inc.	*		2,449		82,066
Analogic Corp.			593		46,859


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Baxter International, Inc.			19,308	$	1,402,533
Becton Dickinson and Co.			7,370		704,646
Biolase, Inc.	*†		824		3,279
Boston Scientific Corp.	*		53,540		418,147
C.R. Bard, Inc.			2,876		289,843
CareFusion Corp.	*		6,833		239,087
Cerus Corp.	*		1,010		4,464
Conceptus, Inc.	*		1,047		25,285
CONMED Corp.			1,362		46,390
Cooper Cos., Inc. (The)			1,627		175,521
CryoLife, Inc.			937		5,631
Cyberonics, Inc.	*		956		44,750
DENTSPLY International, Inc.			5,668		240,437
Edwards Lifesciences Corp.	*		4,494		369,227
Greatbatch, Inc.	*		942		28,138
Haemonetics Corp.	*		2,314		96,401
Hill-Rom Holdings, Inc.			1,576		55,507
Hologic, Inc.	*		9,792		221,299
ICU Medical, Inc.	*		605		35,665
IDEXX Laboratories, Inc.	*		1,985		183,394
Integra LifeSciences Holdings Corp.	*		1,190		46,422
Intuitive Surgical, Inc.	*		1,260		618,899
Invacare Corp.			1,333		17,396
Masimo Corp.			1,500		29,430
Medtronic, Inc.			39,854		1,871,544
Meridian Bioscience, Inc.			1,158		26,426
Merit Medical Systems, Inc.	*		3,149		38,607
NuVasive, Inc.	*		990		21,097
OraSure Technologies, Inc.	*		1,687		9,110
Palomar Medical Technologies, Inc.	*		1,116		15,055
ResMed, Inc.	†		6,068		281,312
RTI Biologics, Inc.	*		807		3,180
Sirona Dental Systems, Inc.	*		1,664		122,687
Spectranetics Corp.	*		1,045		19,364
St. Jude Medical, Inc.			11,448		462,957
Staar Surgical Co.	*		848		4,774
STERIS Corp.			2,777		115,551
Stryker Corp.			10,105		659,250
SurModics, Inc.	*		9		245
Teleflex, Inc.			1,322		111,722
Theragenics Corp.	*		488		795
ThermoGenesis Corp.	*		1,079		917
Thoratec Corp.	*		2,306		86,475
Urologix, Inc.	*		1,050		577
Varian Medical Systems, Inc.	*		4,761		342,792
Volcano Corp.	*		1,970		43,852
West Pharmaceutical Services, Inc.			1,704		110,658
Wright Medical Group, Inc.	*		1,309		31,167
Zimmer Holdings, Inc.			6,941		522,102

					12,561,597

Health Care Providers & Services—2.0%
Aetna, Inc.			12,020		614,462
Air Methods Corp.			4,079		196,771
Alliance HealthCare Services, Inc.	*		286		2,219
Almost Family, Inc.			422		8,621
Amedisys, Inc.	*		1,698		18,882
AmerisourceBergen Corp.			11,686		601,245
AMN Healthcare Services, Inc.	*		1,507		23,856
Amsurg Corp.	*		1,423		47,870
BioScrip, Inc.	*		1,095		13,917
Brookdale Senior Living, Inc.	*		2,200		61,336


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Cardinal Health, Inc.			10,087	$	419,821
CardioNet, Inc.	*		1,151		2,797
Catamaran Corp.	*		5,164		273,847
Centene Corp.	*		1,972		86,847
Chemed Corp.			1,162		92,937
Chindex International, Inc.	*		822		11,294
Cigna Corp.			9,301		580,103
Community Health Systems, Inc.			4,282		202,924
Coventry Health Care, Inc.			5,198		244,462
Cross Country Healthcare, Inc.	*		1,339		7,110
DaVita HealthCare Partners, Inc.	*		3,507		415,895
Express Scripts Holding Co.	*		30,253		1,744,085
Gentiva Health Services, Inc.	*		1,474		15,949
Hanger, Inc.	*		1,083		34,147
HCA Holdings, Inc.			3,319		134,851
Health Management Associates, Inc., Class A	*		9,953		128,095
Health Net, Inc.	*		3,209		91,842
Healthways, Inc.	*		1,362		16,684
Henry Schein, Inc.	*		3,652		337,993
Humana, Inc.			4,622		319,426
Kindred Healthcare, Inc.	*		2,148		22,618
Laboratory Corp. of America Holdings	*		3,138		283,048
Landauer, Inc.			598		33,715
LCA-Vision, Inc.	*		616		2,070
LifePoint Hospitals, Inc.	*		2,149		104,141
Magellan Health Services, Inc.	*		1,400		66,598
McKesson Corp.			8,412		908,160
MEDNAX, Inc.	*		2,182		195,573
National Healthcare Corp.			431		19,705
National Research Corp.			1,250		72,550
Omnicare, Inc.			4,277		174,159
Owens & Minor, Inc.	†		2,434		79,251
Patterson Cos., Inc.			5,546		210,970
PDI, Inc.	*		703		4,148
PharMerica Corp.	*		1,365		19,110
Psychemedics Corp.			302		3,603
Quest Diagnostics, Inc.			3,899		220,099
Tenet Healthcare Corp.	*		4,822		229,431
U.S. Physical Therapy, Inc.			1,300		34,905
UnitedHealth Group, Inc.			37,545		2,147,949
Universal American Corp.			1,812		15,094
Universal Health Services, Inc., Class B			2,466		157,503
VCA Antech, Inc.	*		3,442		80,853
WellCare Health Plans, Inc.	*		1,500		86,940
WellPoint, Inc.			10,501		695,481

					12,617,962

Health Care Technology—0.1%
Allscripts Healthcare Solutions, Inc.	*		4,515		61,359
Authentidate Holding Corp.	*		511		511
Cerner Corp.	*		6,088		576,838
HMS Holdings Corp.	*		4,230		114,844
Omnicell, Inc.	*		783		14,783
Quality Systems, Inc.			1,536		28,078

					796,413

Hotels, Restaurants & Leisure—2.0%
Ameristar Casinos, Inc.			300		7,869
Bally Technologies, Inc.	*		1,971		102,433
Biglari Holdings, Inc.	*		63		23,511


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Bob Evans Farms, Inc.			1,465	$	62,438
Boyd Gaming Corp.	*†		2,619		21,659
Brinker International, Inc.			2,003		75,413
Buffalo Wild Wings, Inc.	*		867		75,889
Carnival Corp.			11,468		393,352
CEC Entertainment, Inc.			1,614		52,858
Cheesecake Factory, Inc. (The)			3,444		132,973
Chipotle Mexican Grill, Inc.	*		1,003		326,848
Choice Hotels International, Inc.	†		1,616		68,373
Churchill Downs, Inc.			638		44,686
Cracker Barrel Old Country Store, Inc.			2,120		171,402
Darden Restaurants, Inc.			3,930		203,102
DineEquity, Inc.			1,079		74,224
Dover Downs Gaming & Entertainment, Inc.			1,710		3,557
Dover Motorsports, Inc.			1,645		3,290
International Game Technology			7,153		118,025
International Speedway Corp., Class A			1,190		38,889
Interval Leisure Group, Inc.			1,886		41,002
Isle of Capri Casinos, Inc.	*		1,250		7,863
Jack in the Box, Inc.	*		2,874		99,412
Krispy Kreme Doughnuts, Inc.	*		2,573		37,154
Las Vegas Sands Corp.			16,432		925,943
Life Time Fitness, Inc.	*		1,774		75,892
Marcus Corp.			1,505		18,797
Marriott International, Inc., Class A			10,755		454,184
Marriott Vacations Worldwide Corp.	*		1,075		46,128
McDonald’s Corp.			36,012		3,590,036
MGM Resorts International	*		8,952		117,719
Morgans Hotel Group Co.	*		2,300		13,616
Multimedia Games Holding Co., Inc.	*		1,202		25,086
Panera Bread Co., Class A	*		1,250		206,550
Papa John’s International, Inc.	*		1,610		99,530
Penn National Gaming, Inc.	*		2,586		140,756
Pinnacle Entertainment, Inc.	*		1,629		23,816
Red Robin Gourmet Burgers, Inc.	*		692		31,555
Royal Caribbean Cruises Ltd.			7,613		252,904
Ruby Tuesday, Inc.	*		2,816		20,754
Scientific Games Corp., Class A	*		2,517		22,024
SHFL Entertainment, Inc.	*		1,527		25,302
Sonic Corp.	*		3,730		48,042
Speedway Motorsports, Inc.			149		2,681
Starbucks Corp.			26,310		1,498,618
Starwood Hotels & Resorts Worldwide, Inc.			7,939		505,952
Texas Roadhouse, Inc.			3,070		61,983
Vail Resorts, Inc.			1,491		92,919
Wendy’s Co. (The)			25,109		142,368
WMS Industries, Inc.	*		564		14,218
Wyndham Worldwide Corp.			6,992		450,844
Wynn Resorts Ltd.			2,554		319,659
Yum! Brands, Inc.			14,951		1,075,575

					12,489,673

Household Durables—0.4%
American Greetings Corp., Class A	†		2,760		44,436
Bassett Furniture Industries, Inc.			1,139		18,178
Beazer Homes USA, Inc.	*†		6,817		107,981
Blyth, Inc.	†		920		15,971
D.R. Horton, Inc.			3,903		94,843


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Ethan Allen Interiors, Inc.	†		1,551	$	51,059
Furniture Brands International, Inc.	*		2,341		2,341
Harman International Industries, Inc.			2,728		121,751
Helen of Troy Ltd. (Bermuda)	*		1,333		51,134
Hovnanian Enterprises, Inc., Class A	*†		15,517		89,533
Jarden Corp.	*		3,082		132,064
KB Home			3,248		70,709
Kid Brands, Inc.	*		1,156		1,792
La-Z-Boy, Inc.			2,404		45,363
Leggett & Platt, Inc.			2,928		98,908
Lennar Corp., Class A			5,675		235,399
M/I Homes, Inc.	*		610		14,915
MDC Holdings, Inc.			1,091		39,985
Meritage Homes Corp.	*		1,300		60,918
Mohawk Industries, Inc.	*		868		98,188
NACCO Industries, Inc., Class A			309		16,488
Newell Rubbermaid, Inc.			3,792		98,971
NVR, Inc.	*		112		120,972
PulteGroup, Inc.	*		13,539		274,029
Ryland Group, Inc. (The)			1,852		77,080
Skyline Corp.	*		720		4,298
Standard Pacific Corp.	*†		2,568		22,188
Tempur-Pedic International, Inc.	*		1,346		66,802
Toll Brothers, Inc.	*		4,132		141,480
Tupperware Brands Corp.			2,427		198,383
Universal Electronics, Inc.	*		639		14,857
Whirlpool Corp.			1,858		220,099

					2,651,115

Household Products—2.0%
Central Garden and Pet Co., Class A	*		1,230		10,111
Church & Dwight Co., Inc.			5,138		332,069
Clorox Co. (The)			4,503		398,650
Colgate-Palmolive Co.			16,371		1,932,269
Energizer Holdings, Inc.			1,856		185,099
Kimberly-Clark Corp.			13,185		1,291,866
Procter & Gamble Co. (The)			104,167		8,027,109
WD-40 Co.			949		51,977

					12,229,150

Independent Power Producers & Energy Traders—0.2%
AES Corp. (The)			26,935		338,573
Calpine Corp.	*		16,000		329,600
Genie Energy Ltd., Class B			1,600		14,816
NRG Energy, Inc.			9,872		261,509

					944,498

Industrial Conglomerates—2.1%
3M Co.			24,174		2,569,938
Carlisle Cos., Inc.			2,452		166,221
Danaher Corp.			21,167		1,315,529
General Electric Co.			395,545		9,145,000

					13,196,688

Insurance—3.7%
Aflac, Inc.			19,465		1,012,569
Alleghany Corp.	*		614		243,095
Allstate Corp. (The)			18,288		897,392
Alterra Capital Holdings Ltd. (Bermuda)			1,915		60,323
American Equity Investment Life Holding Co.			4,302		64,057


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
American Financial Group, Inc.			2,657	$	125,889
American International Group, Inc.	*		19,188		744,878
American National Insurance Co.			945		82,092
Arch Capital Group Ltd. (Bermuda)	*		4,284		225,210
Argo Group International Holdings Ltd. (Bermuda)			899		37,201
Arthur J. Gallagher & Co.			3,230		133,431
Aspen Insurance Holdings Ltd. (Bermuda)			3,512		135,493
Assurant, Inc.			1,358		61,124
Assured Guaranty Ltd. (Bermuda)			7,538		155,358
Axis Capital Holdings Ltd. (Bermuda)			5,691		236,859
Baldwin & Lyons, Inc., Class B			945		22,482
Berkshire Hathaway, Inc., Class B	*		69,675		7,260,135
Brown & Brown, Inc.			5,036		161,353
Chubb Corp. (The)			8,118		710,569
Cincinnati Financial Corp.			6,036		284,839
CNA Financial Corp.			1,422		46,485
CNO Financial Group, Inc.			6,600		75,570
Crawford & Co., Class B	†		1,891		14,353
EMC Insurance Group, Inc.			341		8,979
Employers Holdings, Inc.			2,770		64,956
Endurance Specialty Holdings Ltd. (Bermuda)			2,698		128,991
Erie Indemnity Co., Class A			1,023		77,267
Everest Re Group Ltd. (Bermuda)			2,468		320,494
FBL Financial Group, Inc., Class A			1,275		49,546
Fidelity National Financial, Inc., Class A			8,236		207,794
First American Financial Corp.			3,159		80,776
Genworth Financial, Inc., Class A	*		16,181		161,810
Hanover Insurance Group, Inc. (The)			2,346		116,549
Hartford Financial Services Group, Inc.			15,915		410,607
HCC Insurance Holdings, Inc.			3,999		168,078
Hilltop Holdings, Inc.	*		1,180		15,918
Horace Mann Educators Corp.			2,000		41,700
Independence Holding Co.			1,056		10,750
Infinity Property & Casualty Corp.			810		45,522
Kansas City Life Insurance Co.			902		35,295
Kemper Corp.			1,906		62,155
Lincoln National Corp.			10,899		355,416
Loews Corp.			8,711		383,894
Markel Corp.	*†		152		76,532
Marsh & McLennan Cos., Inc.			18,811		714,254
MBIA, Inc.	*†		5,212		53,527
Mercury General Corp.			1,109		42,064
MetLife, Inc.			32,137		1,221,849
Montpelier Re Holdings Ltd. (Bermuda)			3,734		97,271
National Financial Partners Corp.	*		1,495		33,533
Navigators Group, Inc. (The)	*		938		55,107
Old Republic International Corp.			10,195		129,578
PartnerRe Ltd. (Bermuda)			2,300		214,153
Phoenix Cos., Inc. (The)	*		210		6,462
Platinum Underwriters Holdings Ltd. (Bermuda)			2,734		152,585
Principal Financial Group, Inc.			10,891		370,621
ProAssurance Corp.			3,294		155,905
Progressive Corp. (The)			18,475		466,863
Protective Life Corp.			3,130		112,054


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Prudential Financial, Inc.			17,746	$	1,046,837
Reinsurance Group of America, Inc.			1,440		85,925
RenaissanceRe Holdings Ltd. (Bermuda)			2,900		266,771
RLI Corp.			1,164		83,633
Safety Insurance Group, Inc.			850		41,778
Selective Insurance Group, Inc.			2,122		50,949
StanCorp Financial Group, Inc.			2,460		105,190
State Auto Financial Corp.			488		8,501
Stewart Information Services Corp.			1,239		31,557
Torchmark Corp.			1,049		62,730
Travelers Cos., Inc. (The)			13,843		1,165,442
United Fire Group, Inc.			1,250		31,838
Unum Group			7,547		213,203
Validus Holdings Ltd. (Bermuda)			3,553		132,776
W.R. Berkley Corp.			2,501		110,969
White Mountains Insurance Group Ltd.			300		170,136

					23,047,847

Internet & Catalog Retail—1.0%
1-800-Flowers.com, Inc., Class A	*		793		3,941
Amazon.com, Inc.	*		13,403		3,571,765
dELiA*s, Inc.	*		925		916
Expedia, Inc.			3,588		215,316
Geeknet, Inc.	*		201		2,969
Hollywood Media Corp.	*		998		1,247
HSN, Inc.			1,886		103,466
Liberty Interactive Corp., Series A	*		16,418		351,017
Liberty Ventures, Series A	*		820		61,976
Netflix, Inc.	*		1,859		352,113
Overstock.com, Inc.	*†		770		9,486
priceline.com, Inc.	*		1,730		1,190,119
TripAdvisor, Inc.	*		3,588		188,442
Valuevision Media, Inc., Class A	*†		1,741		6,024

					6,058,797

Internet Software & Services—2.3%
Akamai Technologies, Inc.	*		7,479		263,934
AOL, Inc.	*		3,989		153,537
Autobytel, Inc.	*		276		1,198
Blucora, Inc.	*		1,323		20,480
CoStar Group, Inc.	*		770		84,284
Dealertrack Technologies, Inc.	*		1,800		52,884
Digital River, Inc.	*		1,627		23,006
EarthLink, Inc.			5,814		31,512
eBay, Inc.	*		42,900		2,326,038
Equinix, Inc.	*		1,323		286,178
Facebook, Inc., Class A	*		40,803		1,043,741
Google, Inc., Class A	*		9,291		7,377,333
IAC/InterActiveCorp			2,481		110,851
Internap Network Services Corp.	*		1,297		12,127
j2 Global, Inc.			1,614		63,285
Keynote Systems, Inc.			1,400		19,544
LinkedIn Corp., Class A	*		2,596		457,052
LivePerson, Inc.	*		3,333		45,262
Monster Worldwide, Inc.	*		4,681		23,733
Move, Inc.	*		1,840		21,988
NIC, Inc.			2,450		46,942
Rackspace Hosting, Inc.	*		2,666		134,580
RealNetworks, Inc.	*		1,461		11,264
Saba Software, Inc.	*		1,576		12,529
Stamps.com, Inc.	*		1,050		26,218


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
support.com, Inc.	*		1,562	$	6,529
United Online, Inc.			2,509		15,129
Unwired Planet, Inc.	*		2,570		5,705
ValueClick, Inc.	*		4,058		119,914
VeriSign, Inc.	*		4,905		231,908
Web.com Group, Inc.	*		308		5,261
WebMD Health Corp.	*		2,424		58,952
WebMediaBrands, Inc.	*		207		339
XO Group, Inc.	*		2,304		23,040
Yahoo! Inc.	*		43,481		1,023,108
Zix Corp.	*		1,015		3,634

					14,143,019

IT Services—3.3%
Acxiom Corp.	*		3,451		70,400
Alliance Data Systems Corp.	*		1,955		316,495
Automatic Data Processing, Inc.			17,041		1,108,006
Broadridge Financial Solutions, Inc.			5,748		142,780
CACI International, Inc., Class A	*		1,198		69,328
CIBER, Inc.	*		2,444		11,487
Cognizant Technology Solutions Corp., Class A	*		11,127		852,440
Computer Sciences Corp.			3,563		175,407
Convergys Corp.			5,933		101,039
CoreLogic, Inc.	*		3,159		81,692
CSG Systems International, Inc.	*		2,153		45,622
DST Systems, Inc.			2,518		179,458
Edgewater Technology, Inc.	*		1,533		5,994
Euronet Worldwide, Inc.	*		1,056		27,815
Fidelity National Information Services, Inc.			9,512		376,865
Fiserv, Inc.	*		3,747		329,099
Forrester Research, Inc.			963		30,479
Gartner, Inc.	*		1,179		64,149
Genpact Ltd.			6,727		122,364
Global Payments, Inc.			3,238		160,799
Hackett Group, Inc. (The)			1,140		5,210
iGATE Corp.	*		1,397		26,278
International Business Machines Corp.			39,149		8,350,482
Jack Henry & Associates, Inc.			3,591		165,940
Lender Processing Services, Inc.			4,048		103,062
Lionbridge Technologies, Inc.	*		1,165		4,509
Management Network Group, Inc.	*		320		1,011
ManTech International Corp., Class A			1,217		32,701
Mastercard, Inc., Class A			3,819		2,066,575
MAXIMUS, Inc.			2,104		168,257
ModusLink Global Solutions, Inc.	*		1,007		3,323
MoneyGram International, Inc.	*		468		8,471
NeuStar, Inc., Class A	*		3,140		146,104
Paychex, Inc.			9,849		345,404
Pfsweb, Inc.	*		1,209		4,848
SAIC, Inc.			8,529		115,568
Sapient Corp.	*		4,150		50,589
StarTek, Inc.	*		994		5,815
Sykes Enterprises, Inc.	*		1,423		22,711
Syntel, Inc.			1,554		104,926
TeleTech Holdings, Inc.	*		2,738		58,073
Teradata Corp.	*		6,451		377,448
Total System Services, Inc.			6,935		171,849
Unisys Corp.	*		1,371		31,190
VeriFone Systems, Inc.	*		3,103		64,170


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Visa, Inc., Class A			20,306	$	3,448,771
Western Union Co. (The)			25,245		379,685
WEX, Inc.	*		1,750		137,375

					20,672,063

Leisure Equipment & Products—0.2%
Arctic Cat, Inc.	*		1,857		81,151
Brunswick Corp.			3,797		129,933
Callaway Golf Co.			2,881		19,072
Hasbro, Inc.	†		2,107		92,581
JAKKS Pacific, Inc.			765		8,025
LeapFrog Enterprises, Inc.	*†		1,261		10,794
Mattel, Inc.			8,487		371,646
Nautilus, Inc.	*		1,359		9,921
Polaris Industries, Inc.			2,406		222,531
Steinway Musical Instruments, Inc.	*		683		16,406
Sturm Ruger & Co., Inc.	†		1,052		53,368

					1,015,428

Life Sciences Tools & Services—0.6%
Affymetrix, Inc.	*†		2,525		11,918
Agilent Technologies, Inc.			10,372		435,313
Albany Molecular Research, Inc.	*		1,371		14,409
Bio-Rad Laboratories, Inc., Class A	*		623		78,498
Bruker Corp.	*		1,667		31,840
Cambrex Corp.	*		1,258		16,090
Charles River Laboratories International, Inc.	*		2,755		121,964
Covance, Inc.	*		2,839		210,994
Enzo Biochem, Inc.	*		1,353		3,410
Furiex Pharmaceuticals, Inc.	*		394		14,767
Illumina, Inc.	*†		4,535		244,890
Life Technologies Corp.	*		7,474		483,045
Luminex Corp.	*		1,070		17,676
Mettler-Toledo International, Inc.	*		913		194,670
PAREXEL International Corp.	*		2,306		91,110
PerkinElmer, Inc.			5,266		177,148
Sequenom, Inc.	*†		19,756		81,987
Techne Corp.			1,736		117,788
Thermo Fisher Scientific, Inc.			14,773		1,129,987
Waters Corp.	*		3,878		364,183

					3,841,687

Machinery—2.1%
Actuant Corp., Class A			2,022		61,914
AGCO Corp.			3,068		159,904
Albany International Corp., Class A			1,437		41,529
American Railcar Industries, Inc.			1,200		56,088
Ampco-Pittsburgh Corp.			613		11,592
Astec Industries, Inc.			821		28,678
Barnes Group, Inc.			2,018		58,381
Blount International, Inc.	*		1,532		20,498
Briggs & Stratton Corp.			1,822		45,186
Caterpillar, Inc.			22,687		1,973,088
Chart Industries, Inc.	*		1,070		85,611
CIRCOR International, Inc.			711		30,217
CLARCOR, Inc.			2,354		123,302
Crane Co.			2,467		137,807
Cummins, Inc.			5,514		638,576
Deere & Co.			13,189		1,133,990
Donaldson Co., Inc.			4,058		146,859
Dover Corp.			5,761		419,862
EnPro Industries, Inc.	*		981		50,198
ESCO Technologies, Inc.			1,222		49,931


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Federal Signal Corp.	*		2,159	$	17,574
Flow International Corp.	*		2,200		8,602
Flowserve Corp.			2,375		398,311
FreightCar America, Inc.			900		19,638
Gardner Denver, Inc.			1,836		137,902
Graco, Inc.			2,883		167,300
Harsco Corp.			3,646		90,311
Hurco Cos., Inc.	*		300		8,169
Hyster-Yale Materials Handling, Inc.			618		35,282
IDEX Corp.			3,304		176,500
Illinois Tool Works, Inc.			16,815		1,024,706
ITT Corp.			2,488		70,734
John Bean Technologies Corp.			1,164		24,153
Joy Global, Inc.			4,237		252,186
Kadant, Inc.	*		721		18,025
Kaydon Corp.			1,422		36,375
Kennametal, Inc.			3,196		124,772
Lincoln Electric Holdings, Inc.			3,754		203,392
Lindsay Corp.	†		808		71,249
Manitowoc Co., Inc. (The)			5,044		103,705
Meritor, Inc.	*		2,791		13,201
Middleby Corp.	*		984		149,716
Mueller Industries, Inc.			1,592		84,838
Mueller Water Products, Inc., Class A			3,000		17,790
Navistar International Corp.	*†		2,436		84,213
Nordson Corp.			3,044		200,752
Oshkosh Corp.	*		2,868		121,861
PACCAR, Inc.			14,853		750,968
Pall Corp.			3,831		261,925
Parker Hannifin Corp.			5,068		464,127
Pentair Ltd. (Switzerland)			3,618		190,849
Sauer-Danfoss, Inc.			1,531		89,456
Snap-on, Inc.			2,419		200,051
SPX Corp.			2,157		170,317
Standex International Corp.			724		39,979
Stanley Black & Decker, Inc.			5,209		421,773
Tecumseh Products Co., Class A	*		712		6,209
Tennant Co.			1,280		62,157
Terex Corp.	*		4,124		141,948
Timken Co.			3,702		209,459
Titan International, Inc.	†		1,356		28,584
Toro Co. (The)			2,040		93,922
Trinity Industries, Inc.			3,051		138,302
Valmont Industries, Inc.			1,162		182,748
Wabash National Corp.	*		6,441		65,441
WABCO Holdings, Inc.	*		2,354		166,169
Wabtec Corp.			1,737		177,365
Watts Water Technologies, Inc., Class A			1,225		58,788
Woodward, Inc.			2,448		97,332
Xylem, Inc.			4,977		137,166

					13,089,503

Marine—0.0%
Eagle Bulk Shipping, Inc.	*		912		3,210
Genco Shipping & Trading Ltd.	*		2,042		5,881
Kirby Corp.	*		2,358		181,094
Matson, Inc.			1,466		36,064

					226,249

Media—3.3%
A.H. Belo Corp., Class A			944		5,513


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
AMC Networks, Inc., Class A	*		2,261	$	142,850
Arbitron, Inc.			1,298		60,837
Belo Corp., Class A			4,721		46,407
Cablevision Systems Corp., Class A			9,044		135,298
CBS Corp., Class B			23,133		1,080,080
Charter Communications, Inc., Class A	*		1,664		173,356
Clear Channel Outdoor Holdings, Inc., Class A	*		2,500		18,725
Comcast Corp., Class A			71,429		3,000,732
Crown Media Holdings, Inc., Class A	*†		5,899		12,093
Cumulus Media, Inc., Class A	*†		2,174		7,326
DIRECTV	*		21,514		1,217,908
Discovery Communications, Inc., Class A	*		5,451		429,212
DISH Network Corp., Class A			4,775		180,972
DreamWorks Animation SKG, Inc., Class A	*†		1,300		24,648
Emmis Communications Corp., Class A	*		1,175		1,950
Entercom Communications Corp., Class A	*		2,183		16,242
Entravision Communications Corp., Class A			2,852		9,098
EW Scripps Co. (The), Class A	*		1,204		14,484
Gannett Co., Inc.			7,301		159,673
Gray Television, Inc.	*		1,838		8,620
Harris Interactive, Inc.	*		2,730		4,586
Harte-Hanks, Inc.			3,119		24,297
Interpublic Group of Cos., Inc. (The)			17,203		224,155
John Wiley & Sons, Inc., Class A			2,491		97,049
Journal Communications, Inc., Class A	*		3,900		26,208
Lamar Advertising Co., Class A	*		3,479		169,114
Liberty Global, Inc., Series A	*†		4,456		327,070
Liberty Media Corp.	*		4,301		480,121
LIN TV Corp., Class A	*		1,419		15,595
Lions Gate Entertainment Corp.	*		7,173		170,502
Live Nation Entertainment, Inc.	*		5,485		67,849
Madison Square Garden Co. (The), Class A	*		2,261		130,234
McClatchy Co. (The), Class A	*†		2,444		7,088
Media General, Inc., Class A	*†		952		5,655
Meredith Corp.			2,083		79,696
National CineMedia, Inc.			2,226		35,126
New York Times Co. (The), Class A	*†		5,682		55,684
News Corp., Class A			50,315		1,535,614
Omnicom Group, Inc.			9,924		584,524
Radio Unica Communications Corp.	*‡d		1,900		—
Regal Entertainment Group, Class A	†		2,743		45,726
Salem Communications Corp., Class A			850		6,740
Scholastic Corp.			1,845		49,169
Scripps Networks Interactive, Inc., Class A			3,612		232,396
Sinclair Broadcast Group, Inc., Class A			2,049		41,472


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Sirius XM Radio, Inc.			209,370	$	644,860
Starz - Liberty Capital	*		4,301		95,267
Thomson Reuters Corp.			9,746		316,550
Time Warner Cable, Inc.			10,238		983,462
Time Warner, Inc.			34,296		1,976,136
Valassis Communications, Inc.	†		2,236		66,789
Value Line, Inc.	†		573		5,398
Viacom, Inc., Class B			16,902		1,040,656
Virgin Media, Inc.			6,790		332,506
Walt Disney Co. (The)			61,815		3,511,092
Washington Post Co. (The), Class B			258		115,326
World Wrestling Entertainment, Inc., Class A			1,030		9,085

					20,258,821

Metals & Mining—0.8%
AK Steel Holding Corp.	†		5,009		16,580
Alcoa, Inc.			44,044		375,255
Allegheny Technologies, Inc.			3,760		119,230
Allied Nevada Gold Corp.	*		3,041		50,055
AMCOL International Corp.			1,186		35,805
Carpenter Technology Corp.			1,882		92,764
Century Aluminum Co.	*		865		6,695
Cliffs Natural Resources, Inc.	†		4,448		84,556
Coeur d’Alene Mines Corp.	*		7,315		137,961
Commercial Metals Co.			4,080		64,668
Compass Minerals International, Inc.			1,915		151,093
Freeport-McMoRan Copper & Gold, Inc.			38,302		1,267,796
Hecla Mining Co.	†		20,609		81,406
Materion Corp.			1,122		31,977
Molycorp, Inc.	*†		1,566		8,143
Newmont Mining Corp.			16,854		706,014
Nucor Corp.			10,963		505,942
Reliance Steel & Aluminum Co.			2,966		211,090
Royal Gold, Inc.			1,153		81,898
RTI International Metals, Inc.	*		1,363		43,193
Schnitzer Steel Industries, Inc., Class A			693		18,475
Southern Copper Corp.			8,793		330,353
Steel Dynamics, Inc.			8,080		128,230
Stillwater Mining Co.	*†		3,727		48,190
SunCoke Energy, Inc.	*		1,473		24,054
Tahoe Resources, Inc.	*		5,318		93,544
United States Steel Corp.	†		5,607		109,337
Walter Energy, Inc.			1,840		52,440
Worthington Industries, Inc.			3,575		110,754

					4,987,498

Multiline Retail—0.7%
Big Lots, Inc.	*		1,874		66,096
Dillard’s, Inc., Class A			1,535		120,574
Dollar Tree, Inc.	*		8,356		404,681
Family Dollar Stores, Inc.			3,743		221,024
Fred’s, Inc., Class A			1,781		24,364
J.C. Penney Co., Inc.	†		7,928		119,792
Kohl’s Corp.			8,292		382,510
Macy’s, Inc.			14,423		603,459
Nordstrom, Inc.			6,901		381,142
Saks, Inc.	*†		5,811		66,652
Sears Holdings Corp.	*†		3,097		154,757
Target Corp.			23,232		1,590,231


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Tuesday Morning Corp.	*		1,816	$	14,092

					4,149,374

Multi-Utilities—1.2%
Alliant Energy Corp.			4,491		225,358
Ameren Corp.			8,429		295,184
Avista Corp.			1,759		48,197
Black Hills Corp.			2,041		89,886
CenterPoint Energy, Inc.			12,705		304,412
CH Energy Group, Inc.			694		45,381
CMS Energy Corp.			15,613		436,227
Consolidated Edison, Inc.			9,508		580,273
Dominion Resources, Inc.			18,948		1,102,395
DTE Energy Co.			5,654		386,394
Integrys Energy Group, Inc.			5,523		321,218
MDU Resources Group, Inc.			7,657		191,348
NiSource, Inc.			10,893		319,601
NorthWestern Corp.			1,449		57,757
PG&E Corp.			13,909		619,368
Public Service Enterprise Group, Inc.			19,188		658,916
SCANA Corp.			4,791		245,107
Sempra Energy			6,698		535,438
TECO Energy, Inc.			7,797		138,942
Vectren Corp.			3,706		131,266
Wisconsin Energy Corp.			9,128		391,500

					7,124,168

Office Electronics—0.1%
Xerox Corp.			37,010		318,286
Zebra Technologies Corp., Class A	*		2,988		140,824

					459,110

Oil, Gas & Consumable Fuels—8.3%
Adams Resources & Energy, Inc.			1,462		74,562
Alpha Natural Resources, Inc.	*		8,351		68,562
Anadarko Petroleum Corp.			17,995		1,573,663
Apache Corp.			13,575		1,047,447
Apco Oil and Gas International, Inc.			1,181		14,644
Arch Coal, Inc.	†		7,214		39,172
Berry Petroleum Co., Class A			2,902		134,334
BP Prudhoe Bay Royalty Trust			1,105		92,256
BPZ Resources, Inc.	*†		4,003		9,087
Cabot Oil & Gas Corp.			6,150		415,802
Callon Petroleum Co.	*		779		2,882
Carrizo Oil & Gas, Inc.	*		1,800		46,386
Cheniere Energy, Inc.	*		6,673		186,844
Chesapeake Energy Corp.			24,112		492,126
Chevron Corp.			72,343		8,595,795
Cimarex Energy Co.			2,681		202,255
Clayton Williams Energy, Inc.	*		550		24,052
Comstock Resources, Inc.	*		1,735		28,194
Concho Resources, Inc.	*		3,943		384,166
ConocoPhillips			44,848		2,695,365
CONSOL Energy, Inc.			7,662		257,826
Contango Oil & Gas Co.			902		36,161
Continental Resources, Inc.	*		2,992		260,095
Cross Timbers Royalty Trust			575		16,813
Crosstex Energy, Inc.			2,100		40,446
Denbury Resources, Inc.	*		16,015		298,680
Devon Energy Corp.			14,461		815,890
Energen Corp.			2,644		137,514
Energy XXI Bermuda Ltd. (Bermuda)			3,270		89,009


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
EOG Resources, Inc.			8,407	$	1,076,684
EQT Corp.			5,288		358,262
EXCO Resources, Inc.	†		8,720		62,174
Exxon Mobil Corp.			167,755		15,116,403
Forest Oil Corp.	*		3,820		20,093
FX Energy, Inc.	*		3,496		11,747
GMX Resources, Inc.	*†		100		219
Goodrich Petroleum Corp.	*†		1,566		24,508
Gulfport Energy Corp.	*		3,188		146,106
Hess Corp.			10,275		735,793
HollyFrontier Corp.			5,470		281,432
Hugoton Royalty Trust			1,669		15,572
James River Coal Co.	*†		1,500		2,625
Kinder Morgan, Inc.			35,675		1,379,909
Kodiak Oil & Gas Corp.	*		17,054		155,021
Marathon Oil Corp.			25,577		862,456
Marathon Petroleum Corp.			12,788		1,145,805
McMoRan Exploration Co.	*		2,961		48,412
Murphy Oil Corp.			5,804		369,889
Newfield Exploration Co.	*		3,712		83,223
Noble Energy, Inc.			4,966		574,368
Occidental Petroleum Corp.			30,246		2,370,379
PDC Energy, Inc.	*		1,250		61,963
Peabody Energy Corp.			10,624		224,698
Penn Virginia Corp.			13,955		56,378
PetroQuest Energy, Inc.	*		3,346		14,856
Phillips 66			25,224		1,764,923
Pioneer Natural Resources Co.			5,081		631,314
Plains Exploration & Production Co.	*		5,227		248,126
QEP Resources, Inc.			7,412		235,998
Quicksilver Resources, Inc.	*†		3,960		8,910
Range Resources Corp.			5,516		447,017
Rentech, Inc.			49,300		115,855
Rosetta Resources, Inc.	*		3,400		161,772
SandRidge Energy, Inc.	*†		26,990		142,237
Ship Finance International Ltd. (Bermuda)	†		3,352		59,129
SM Energy Co.			2,262		133,956
Southwestern Energy Co.	*		12,344		459,937
Spectra Energy Corp.			23,691		728,498
Stone Energy Corp.	*		1,208		26,274
Swift Energy Co.	*		1,142		16,913
Syntroleum Corp.	*†		1,246		492
Teekay Corp. (Bermuda)			1,691		60,808
Tesoro Corp.			3,822		223,778
Ultra Petroleum Corp.	*		7,839		157,564
USEC, Inc.	*†		7,347		2,719
Vaalco Energy, Inc.	*		3,800		28,842
Valero Energy Corp.			22,004		1,000,962
Verenium Corp.	*		149		384
Warren Resources, Inc.	*		3,600		11,556
Western Refining, Inc.			2,500		88,525
Whiting Petroleum Corp.	*		2,484		126,287
Williams Cos., Inc. (The)			24,207		906,794
World Fuel Services Corp.			1,920		76,262
WPX Energy, Inc.	*		8,069		129,265

					51,274,100

Paper & Forest Products—0.2%
Buckeye Technologies, Inc.			1,251		37,467
Clearwater Paper Corp.	*		924		48,686
Deltic Timber Corp.			724		49,753
Domtar Corp. (Canada)			1,388		107,737


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
International Paper Co.			14,370	$	669,355
Louisiana-Pacific Corp.	*		4,396		94,954
Neenah Paper, Inc.			652		20,055
P.H. Glatfelter Co.			1,740		40,681
Schweitzer-Mauduit International, Inc.			1,448		56,081
Wausau Paper Corp.			1,903		20,514

					1,145,283

Personal Products—0.2%
Avon Products, Inc.			14,351		297,496
Elizabeth Arden, Inc.	*		1,017		40,934
Estee Lauder Cos., Inc. (The), Class A			7,494		479,841
Herbalife Ltd. (Cayman Islands)	†		3,985		149,238
Medifast, Inc.	*		734		16,823
Nu Skin Enterprises, Inc., Class A			3,018		133,396
USANA Health Sciences, Inc.	*†		593		28,660

					1,146,388

Pharmaceuticals—5.2%
AbbVie, Inc.			59,451		2,424,412
Actavis, Inc.	*		4,630		426,469
Allergan, Inc.			11,119		1,241,214
AVANIR Pharmaceuticals, Inc., Class A	*		30,376		83,230
Bristol-Myers Squibb Co.			62,456		2,572,563
Columbia Laboratories, Inc.	*		1,819		1,077
Durect Corp.	*		1,900		2,527
Eli Lilly & Co.			37,532		2,131,442
Endo Health Solutions, Inc.	*		4,151		127,685
Forest Laboratories, Inc.	*		9,208		350,272
Heska Corp.			446		4,134
Hi-Tech Pharmacal Co., Inc.			862		28,541
Hospira, Inc.	*		5,415		177,774
Johnson & Johnson			104,575		8,526,000
Medicines Co. (The)	*		2,018		67,442
Merck & Co., Inc.			108,263		4,788,472
Mylan, Inc.	*		10,972		317,530
Nektar Therapeutics	*		2,368		26,048
Optimer Pharmaceuticals, Inc.	*†		2,592		30,845
Pain Therapeutics, Inc.	*		1,318		4,521
Perrigo Co.			3,119		370,319
Pfizer, Inc.			268,732		7,755,605
Pozen, Inc.	*		1,014		5,344
Questcor Pharmaceuticals, Inc.	†		4,217		137,221
Salix Pharmaceuticals Ltd.	*		2,346		120,068
Sciclone Pharmaceuticals, Inc.	*		1,700		7,820
ViroPharma, Inc.	*		4,061		102,175
Vivus, Inc.	*†		1,630		17,930
XenoPort, Inc.	*		1,939		13,864

					31,862,544

Professional Services—0.3%
Advisory Board Co. (The)	*		1,900		99,788
Barrett Business Services, Inc.			2,203		116,010
CDI Corp.			1,131		19,453
Corporate Executive Board Co. (The)			1,507		87,647
CRA International, Inc.	*		986		22,057
Dun & Bradstreet Corp. (The)			1,546		129,323
Equifax, Inc.			2,521		145,184
FTI Consulting, Inc.	*		1,735		65,340
Heidrick & Struggles International, Inc.			865		12,932


Vantagepoint Broad Market Index Fund
			Shares		Value
COMMON STOCKS—(Continued)
Huron Consulting Group, Inc.		*		988	$	39,836
IHS, Inc., Class A		*		1,414		148,074
Insperity, Inc.				1,143		32,427
Kelly Services, Inc., Class A				1,173		21,912
Kforce, Inc.				297		4,862
Korn/Ferry International		*		1,624		29,005
Manpower, Inc.				3,593		203,795
Navigant Consulting, Inc.		*		2,313		30,393
On Assignment, Inc.		*		1,243		31,460
RCM Technologies, Inc.				1,593		9,653
Resources Connection, Inc.				2,060		26,162
Robert Half International, Inc.				3,922		147,193
Towers Watson & Co., Class A				1,600		110,912
TrueBlue, Inc.		*		2,485		52,533
Verisk Analytics, Inc., Class A		*		4,073		251,019

						1,836,970

Real Estate Investment Trusts (REITs)—3.7%
Acadia Realty Trust REIT				1,368		37,989
Agree Realty Corp. REIT				814		24,501
Alexander’s, Inc. REIT				78		25,716
Alexandria Real Estate Equities, Inc. REIT				1,245		88,370
American Campus Communities, Inc. REIT				5,751		260,750
American Capital Agency Corp. REIT				11,950		391,721
American Tower Corp. REIT				13,160		1,012,267
Annaly Capital Management, Inc. REIT				37,828		601,087
Anworth Mortgage Asset Corp. REIT				18,790		118,941
Apartment Investment & Management Co., Class A REIT				5,659		173,505
ARMOUR Residential REIT, Inc. REIT	†			15,586		101,777
Ashford Hospitality Trust, Inc. REIT				4,200		51,912
Associated Estates Realty Corp. REIT				7,406		138,048
AvalonBay Communities, Inc. REIT				3,314		419,784
BioMed Realty Trust, Inc. REIT				6,210		134,136
Boston Properties, Inc. REIT				5,737		579,781
Brandywine Realty Trust REIT				6,105		90,659
BRE Properties, Inc. REIT				2,433		118,439
BRT Realty Trust REIT		*		421		2,955
Camden Property Trust REIT				2,058		141,344
Capital Trust, Inc., Class A REIT				523		1,428
Capstead Mortgage Corp. REIT				2,400		30,768
CBL & Associates Properties, Inc. REIT				10,788		254,597
Cedar Realty Trust, Inc. REIT				33,497		204,667
Chimera Investment Corp. REIT				42,645		136,038
Colonial Properties Trust REIT				1,962		44,361
CommonWealth REIT REIT				2,285		51,275
Corporate Office Properties Trust REIT				1,904		50,799
Corrections Corp. of America REIT				5,700		222,699
Cousins Properties, Inc. REIT				2,489		26,607
CubeSmart REIT				8,821		139,372
DCT Industrial Trust, Inc. REIT				6,576		48,662
DDR Corp. REIT				5,227		91,054


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
DiamondRock Hospitality Co. REIT			4,047	$	37,678
Digital Realty Trust, Inc. REIT			5,681		380,116
Douglas Emmett, Inc. REIT			4,212		105,005
Duke Realty Corp. REIT			5,609		95,241
DuPont Fabros Technology, Inc. REIT			4,666		113,244
EastGroup Properties, Inc. REIT			1,538		89,512
EPR Properties REIT			2,733		142,253
Equity Lifestyle Properties, Inc. REIT			1,140		87,552
Equity One, Inc. REIT			2,619		62,777
Equity Residential REIT			11,387		626,968
Essex Property Trust, Inc. REIT			807		121,518
Extra Space Storage, Inc. REIT			3,500		137,445
Federal Realty Investment Trust REIT			2,295		247,952
FelCor Lodging Trust, Inc. REIT	*		19,456		115,763
First Industrial Realty Trust, Inc. REIT			6,729		115,268
First Potomac Realty Trust REIT			1,628		24,143
Franklin Street Properties Corp. REIT			2,200		32,164
General Growth Properties, Inc. REIT			21,432		426,068
Geo Group, Inc. (The) REIT			2,829		106,427
Getty Realty Corp. REIT			1,747		35,307
Glimcher Realty Trust REIT			17,270		200,332
Government Properties Income Trust REIT			4,788		123,195
Gramercy Capital Corp. REIT	*		2,182		11,368
Hatteras Financial Corp. REIT			1,935		53,077
HCP, Inc. REIT			16,845		839,892
Health Care REIT, Inc. REIT			9,130		620,018
Healthcare Realty Trust, Inc. REIT			1,881		53,402
Healthcare Trust of America, Inc., Class A REIT			11,331		133,139
Highwoods Properties, Inc. REIT			2,393		94,691
Home Properties, Inc. REIT			1,390		88,154
Hospitality Properties Trust REIT			2,923		80,207
Host Hotels & Resorts, Inc. REIT			21,796		381,212
Inland Real Estate Corp. REIT			2,302		23,227
Investors Real Estate Trust REIT			2,989		29,501
iStar Financial, Inc. REIT	*†		4,331		47,165
Kilroy Realty Corp. REIT			3,732		195,557
Kimco Realty Corp. REIT			15,341		343,638
Kite Realty Group Trust REIT			2,654		17,888
LaSalle Hotel Properties REIT			1,561		39,618
Lexington Realty Trust REIT			9,308		109,834
Liberty Property Trust REIT			3,372		134,037
LTC Properties, Inc. REIT			2,385		97,141
Macerich Co. (The) REIT			5,275		339,605
Mack-Cali Realty Corp. REIT			2,488		71,182
Medical Properties Trust, Inc. REIT			11,530		184,941
MFA Financial, Inc. REIT			10,801		100,665
Mid-America Apartment Communities, Inc. REIT			1,240		85,634
Monmouth Real Estate Investment Corp., Class A REIT			3,275		36,516
MPG Office Trust, Inc. REIT	*†		37,007		101,769
National Health Investors, Inc. REIT			979		64,076


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
National Retail Properties, Inc. REIT	†		2,356	$	85,217
Newcastle Investment Corp. REIT			754		8,422
NorthStar Realty Finance Corp. REIT			4,388		41,598
Omega Healthcare Investors, Inc. REIT	†		4,100		124,476
Parkway Properties, Inc. REIT			3,326		61,697
Pennsylvania Real Estate Investment Trust REIT			1,510		29,279
Plum Creek Timber Co., Inc. REIT			7,429		387,794
PMC Commercial Trust REIT			865		6,548
Post Properties, Inc. REIT			2,078		97,874
Potlatch Corp. REIT			1,618		74,202
Prologis, Inc. REIT			19,190		767,216
PS Business Parks, Inc. REIT			599		47,273
Public Storage REIT			6,057		922,602
RAIT Financial Trust REIT			7,882		62,820
Ramco-Gershenson Properties Trust REIT			1,275		21,420
Rayonier, Inc. REIT			5,004		298,589
Realty Income Corp. REIT	†		6,943		314,865
Redwood Trust, Inc. REIT			1,008		23,366
Regency Centers Corp. REIT			2,745		145,238
Rouse Properties, Inc. REIT	†		579		10,480
Ryman Hospitality Properties REIT	†		2,005		91,729
Sabra Health Care REIT, Inc. REIT			694		20,133
Saul Centers, Inc. REIT			987		43,171
Senior Housing Properties Trust REIT			3,680		98,734
Silver Bay Realty Trust Corp. REIT			491		10,171
Simon Property Group, Inc. REIT			11,699		1,854,993
SL Green Realty Corp. REIT			3,603		310,254
Sovran Self Storage, Inc. REIT			1,269		81,838
Strategic Hotels & Resorts, Inc. REIT	*		22,977		191,858
Sun Communities, Inc. REIT			1,061		52,339
Sunstone Hotel Investors, Inc. REIT	*		2,559		31,501
Tanger Factory Outlet Centers, Inc. REIT			2,442		88,352
Taubman Centers, Inc. REIT			2,083		161,766
Two Harbors Investment Corp. REIT			10,028		126,453
UDR, Inc. REIT			6,077		147,003
Universal Health Realty Income Trust REIT			1,333		76,927
Ventas, Inc. REIT			12,494		914,561
Vornado Realty Trust REIT			7,702		644,195
Washington Real Estate Investment Trust REIT			1,834		51,059
Weingarten Realty Investors REIT			3,474		109,605
Weyerhaeuser Co. REIT			16,471		516,860

					22,773,569

Real Estate Management & Development—0.1%
Alexander & Baldwin, Inc.	*		1,466		52,410
Brookfield Office Properties, Inc.			15,325		263,130
CBRE Group, Inc., Class A	*		6,900		174,225
Forest City Enterprises, Inc., Class A	*		9,240		164,195
Forestar Group, Inc.	*		1,502		32,834
Jones Lang LaSalle, Inc.			1,311		130,327


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
St. Joe Co. (The)	*†		3,582	$	76,117
Tejon Ranch Co.	*		858		25,551

					918,789

Road & Rail—0.9%
AMERCO			805		139,700
Arkansas Best Corp.			903		10,547
Avis Budget Group, Inc.	*		4,424		123,120
Con-way, Inc.			2,160		76,054
CSX Corp.			35,751		880,547
Genesee & Wyoming, Inc., Class A	*		1,576		146,741
Heartland Express, Inc.			4,220		56,295
J.B. Hunt Transport Services, Inc.			1,317		98,090
Kansas City Southern			4,745		526,220
Knight Transportation, Inc.			3,879		62,452
Landstar System, Inc.			2,256		128,795
Norfolk Southern Corp.			10,521		810,959
Old Dominion Freight Line, Inc.	*		4,011		153,220
PAM Transportation Services, Inc.			338		3,579
Ryder System, Inc.			707		42,243
Saia, Inc.	*		1,662		60,115
Union Pacific Corp.			15,516		2,209,634
Werner Enterprises, Inc.			2,915		70,368

					5,598,679

Semiconductors & Semiconductor Equipment—2.0%
Advanced Energy Industries, Inc.	*		1,428		26,132
Advanced Micro Devices, Inc.	*†		21,447		54,690
Altera Corp.			9,504		337,107
Amkor Technology, Inc.	*†		7,211		28,844
ANADIGICS, Inc.	*		9,445		18,890
Analog Devices, Inc.			7,450		346,351
Applied Materials, Inc.			43,119		581,244
Applied Micro Circuits Corp.	*		3,186		23,640
Atmel Corp.	*		18,733		130,382
ATMI, Inc.	*		1,559		34,968
Axcelis Technologies, Inc.	*		4,095		5,119
AXT, Inc.	*		946		2,781
Broadcom Corp., Class A			18,226		631,895
Brooks Automation, Inc.			3,103		31,589
Cabot Microelectronics Corp.	*		1,049		36,453
Ceva, Inc.	*		692		10,795
Cirrus Logic, Inc.	*		2,946		67,022
Cohu, Inc.			859		8,040
Cree, Inc.	*		3,097		169,437
Cymer, Inc.	*		1,498		143,958
Cypress Semiconductor Corp.	*†		4,876		53,782
Diodes, Inc.	*		2,400		50,352
DSP Group, Inc.	*		1,194		9,636
Entegris, Inc.	*		5,738		56,577
Exar Corp.	*		1,758		18,459
Fairchild Semiconductor International, Inc.	*		4,903		69,328
First Solar, Inc.	*†		2,540		68,478
FormFactor, Inc.	*		1,417		6,660
GigOptix, Inc.	*		827		868
Integrated Device Technology, Inc.	*		8,168		61,015
Integrated Silicon Solution, Inc.	*		1,269		11,637
Intel Corp.			189,338		4,137,035
International Rectifier Corp.	*		2,631		55,646
Intersil Corp., Class A			5,757		50,143
IXYS Corp.			1,329		12,745
KLA-Tencor Corp.			4,441		234,218
Kopin Corp.	*		2,431		8,995


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Kulicke & Soffa Industries, Inc.	*		2,008	$	23,213
Lam Research Corp.	*		6,125		253,943
Lattice Semiconductor Corp.	*		4,395		23,953
Linear Technology Corp.			5,243		201,174
LSI Corp.	*		30,700		208,146
LTX-Credence Corp.	*		1,358		8,202
Marvell Technology Group Ltd. (Bermuda)			18,500		195,730
Mattson Technology, Inc.	*		1,760		2,429
Maxim Integrated Products, Inc.			5,913		193,059
MEMC Electronic Materials, Inc.	*		8,113		35,697
Micrel, Inc.			3,731		39,213
Microchip Technology, Inc.			3,565		131,049
Micron Technology, Inc.	*		35,271		352,005
Microsemi Corp.	*		2,474		57,323
Mindspeed Technologies, Inc.	*		801		2,667
MKS Instruments, Inc.			2,455		66,776
MoSys, Inc.	*		1,251		5,892
NVE Corp.	*		348		19,634
NVIDIA Corp.			20,184		258,759
OmniVision Technologies, Inc.	*		2,354		32,438
ON Semiconductor Corp.	*		10,008		82,866
PDF Solutions, Inc.	*		974		15,603
Pericom Semiconductor Corp.	*		1,023		6,967
Photronics, Inc.	*		1,388		9,272
PLX Technology, Inc.	*		1,050		4,788
PMC - Sierra, Inc.	*		7,045		47,836
Power Integrations, Inc.			1,952		84,736
QuickLogic Corp.	*†		1,050		2,583
Rambus, Inc.	*		4,071		22,838
RF Micro Devices, Inc.	*		8,143		43,321
Rudolph Technologies, Inc.	*		1,247		14,690
Semtech Corp.	*		2,970		105,108
Sigma Designs, Inc.	*		1,320		6,428
Silicon Image, Inc.	*		2,948		14,327
Silicon Laboratories, Inc.	*		2,124		87,849
Skyworks Solutions, Inc.	*		5,822		128,259
SunPower Corp.	*†		141		1,627
Teradyne, Inc.	*		7,938		128,754
Tessera Technologies, Inc.			1,560		29,250
Texas Instruments, Inc.			35,370		1,254,928
Transwitch Corp.	*		429		208
TriQuint Semiconductor, Inc.	*		4,918		24,836
Ultratech, Inc.	*		971		38,384
Veeco Instruments, Inc.	*		1,294		49,599
Xilinx, Inc.			6,637		253,334

					12,164,604

Software—3.5%
Accelrys, Inc.	*		2,216		21,628
ACI Worldwide, Inc.	*		1,653		80,766
Activision Blizzard, Inc.			23,814		346,970
Actuate Corp.	*		2,084		12,504
Adobe Systems, Inc.	*		17,358		755,247
Advent Software, Inc.	*		2,902		81,169
American Software, Inc., Class A			1,950		16,224
ANSYS, Inc.	*		2,396		195,082
Autodesk, Inc.	*		9,258		381,800
Blackbaud, Inc.			2,650		78,519
BMC Software, Inc.	*		2,708		125,462
CA, Inc.			11,593		291,796
Cadence Design Systems, Inc.	*		10,745		149,678
Callidus Software, Inc.	*†		172		786
Citrix Systems, Inc.	*		7,179		518,037


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Compuware Corp.	*		7,505	$	93,812
Concur Technologies, Inc.	*†		2,083		143,019
Datawatch Corp.	*		3,500		53,095
Ebix, Inc.	†		2,802		45,448
Electronic Arts, Inc.	*		12,060		213,462
EPIQ Systems, Inc.			1,087		15,251
Evolving Systems, Inc.			527		3,341
FactSet Research Systems, Inc.			1,490		137,974
Fair Isaac Corp.			3,039		138,852
FalconStor Software, Inc.	*		1,373		3,680
Fortinet, Inc.	*		5,654		133,887
Informatica Corp.	*		3,171		109,304
Interactive Intelligence Group, Inc.	*		950		42,132
Intuit, Inc.			8,244		541,219
Manhattan Associates, Inc.	*		1,346		99,994
Mentor Graphics Corp.			2,745		49,547
MICROS Systems, Inc.	*		3,428		156,008
Microsoft Corp.			299,079		8,556,650
MicroStrategy, Inc., Class A	*		513		51,854
Netscout Systems, Inc.	*		1,250		30,712
Nuance Communications, Inc.	*		9,517		192,053
Oracle Corp.			142,164		4,597,584
Pegasystems, Inc.	†		2,141		60,119
Progress Software Corp	*.		1,983		45,173
PTC, Inc.	*		4,423		112,742
QAD, Inc., Class B			136		1,575
QLIK Technologies, Inc.	*		5,933		153,249
Red Hat, Inc.	*		7,251		366,611
Rovi Corp.	*		3,917		83,863
Salesforce.com, Inc.	*		3,783		676,514
SeaChange International, Inc.	*		958		11,391
SolarWinds, Inc.	*		1,876		110,872
Solera Holdings, Inc.			1,099		64,105
Sonic Foundry, Inc.	*		120		766
Symantec Corp.	*		26,135		645,012
Synopsys, Inc.	*		6,501		233,256
Take-Two Interactive Software, Inc.	*		2,643		42,684
TeleCommunication Systems, Inc., Class A	*		1,200		2,676
TIBCO Software, Inc.	*		4,452		90,019
TiVo, Inc.	*		2,696		33,403
Tyler Technologies, Inc.	*		1,886		115,536
Ultimate Software Group, Inc.	*		1,242		129,367
VASCO Data Security International, Inc.	*		3,804		32,106
VMware, Inc., Class A	*		1,733		136,699
Websense, Inc.	*		1,958		29,370

					21,641,654

Specialty Retail—2.2%
Aaron’s, Inc.			2,908		83,401
Abercrombie & Fitch Co., Class A			3,072		141,926
Advance Auto Parts, Inc.			1,752		144,803
Aeropostale, Inc.	*		2,075		28,220
American Eagle Outfitters, Inc.			3,552		66,422
America’s Car-Mart, Inc.	*		354		16,546
ANN, Inc.	*		2,733		79,312
Asbury Automotive Group, Inc.	*		1,342		49,238
Ascena Retail Group, Inc.	*		5,194		96,349
AutoNation, Inc.	*		2,555		111,781
AutoZone, Inc.	*		1,460		579,284
Barnes & Noble, Inc.	*†		828		13,621
bebe stores, Inc.			790		3,294


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Bed Bath & Beyond, Inc.	*		6,586	$	424,270
Best Buy Co., Inc.			9,299		205,973
Big 5 Sporting Goods Corp.			1,071		16,718
Brown Shoe Co., Inc.			1,791		28,656
Buckle, Inc. (The)	†		1,236		57,659
CarMax, Inc.	*		6,608		275,554
Cato Corp. (The), Class A			1,761		42,511
Chico’s FAS, Inc.			7,236		121,565
Children’s Place Retail Stores, Inc. (The)	*		1,144		51,274
Christopher & Banks Corp.	*		1,528		9,825
Coldwater Creek, Inc.	*†		382		1,207
Destination Maternity Corp.			1,200		28,080
Destination XL Group, Inc.	*		1,930		9,824
Dick’s Sporting Goods, Inc.			2,480		117,304
DSW, Inc., Class A			596		38,025
Finish Line, Inc. (The), Class A			1,917		37,554
Foot Locker, Inc.			5,840		199,962
GameStop Corp., Class A	†		1,010		28,250
Gap, Inc. (The)			12,606		446,252
Genesco, Inc.	*		921		55,343
Group 1 Automotive, Inc.			1,068		64,155
Guess?, Inc.			3,548		88,097
Haverty Furniture Cos., Inc.			1,111		22,842
Hibbett Sports, Inc.	*		1,396		78,553
Home Depot, Inc. (The)			47,382		3,306,316
Hot Topic, Inc.			1,824		25,317
Jos A. Bank Clothiers, Inc.	*†		865		34,513
Kirkland’s, Inc.	*		833		9,546
L Brands, Inc.			7,008		312,977
Lithia Motors, Inc., Class A			862		40,928
Lowe’s Cos., Inc.			39,938		1,514,449
MarineMax, Inc.	*		800		10,872
Men’s Wearhouse, Inc. (The)			2,437		81,445
Monro Muffler Brake, Inc.	†		1,487		59,049
Office Depot, Inc.	*		11,792		46,343
OfficeMax, Inc.			3,587		41,645
Orchard Supply Hardware Stores Corp., Class A	*†		140		554
O’Reilly Automotive, Inc.	*		3,911		401,073
Pacific Sunwear of California, Inc.	*†		3,025		6,322
Penske Automotive Group, Inc.			1,654		55,177
Pep Boys-Manny, Moe & Jack (The)	*		2,200		25,938
PetSmart, Inc.			3,546		220,207
Pier 1 Imports, Inc.			3,712		85,376
RadioShack Corp.	†		2,569		8,632
Rent-A-Center, Inc.			3,377		124,746
Ross Stores, Inc.			6,787		411,428
Sally Beauty Holdings, Inc.	*		3,659		107,501
Select Comfort Corp.	*		2,104		41,596
Signet Jewelers Ltd. (Bermuda)			3,344		224,048
Sonic Automotive, Inc., Class A			1,649		36,542
Stage Stores, Inc.			2,236		57,868
Staples, Inc.			22,960		308,353
Stein Mart, Inc.			1,261		10,567
Systemax, Inc.			1,358		13,444
Tiffany & Co.			3,221		223,988
TJX Cos., Inc.			24,012		1,122,561
Tractor Supply Co.			3,098		322,595
Trans World Entertainment Corp.			1,932		7,477
Ulta Salon Cosmetics & Fragrance, Inc.	*		1,162		94,320


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Urban Outfitters, Inc.	*		5,012	$	194,165
West Marine, Inc.	*		803		9,178
Wet Seal, Inc. (The), Class A	*		1,246		3,763
Williams-Sonoma, Inc.			3,877		199,743
Zale Corp.	*		2,300		9,039

					13,673,251

Textiles, Apparel & Luxury Goods—0.7%
Carter’s, Inc.	*		1,476		84,531
Charles & Colvard Ltd.	*		1,843		7,169
Cherokee, Inc.			994		13,618
Coach, Inc.			10,479		523,845
Columbia Sportswear Co.	†		652		37,738
Crocs, Inc.	*		3,600		53,352
Culp, Inc.			888		14,128
Deckers Outdoor Corp.	*†		1,935		107,760
Fifth & Pacific Cos., Inc.	*		4,930		93,078
Fossil, Inc.	*		1,614		155,912
Hanesbrands, Inc.	*		4,099		186,750
Iconix Brand Group, Inc.	*		2,737		70,806
Jones Group, Inc. (The)			4,641		59,034
K-Swiss, Inc., Class A	*		1,476		6,996
Movado Group, Inc.			1,678		56,247
NIKE, Inc., Class B			25,670		1,514,787
Oxford Industries, Inc.			936		49,702
PVH Corp.			1,545		165,021
Quiksilver, Inc.	*		4,288		26,028
Ralph Lauren Corp.			1,422		240,759
Skechers U.S.A., Inc., Class A	*		1,935		40,925
Steven Madden Ltd.	*		1,689		72,863
Under Armour, Inc., Class A	*		3,874		198,349
Unifi, Inc.	*		876		16,732
V.F. Corp.			3,109		521,535
Wolverine World Wide, Inc.	†		2,589		114,874

					4,432,539

Thrifts & Mortgage Finance—0.2%
Astoria Financial Corp.			3,465		34,165
Bank Mutual Corp.			3,756		20,771
BBX Capital Corp., Class A	*		639		5,272
Beneficial Mutual Bancorp, Inc.	*		969		9,981
Brookline Bancorp, Inc.			3,765		34,412
Capitol Federal Financial, Inc.			4,787		57,779
Dime Community Bancshares, Inc.			1,638		23,522
Doral Financial Corp. (Puerto Rico)	*		221		156
Federal Home Loan Mortgage Corp.	*†		25,235		17,087
Federal National Mortgage Association	*†		37,770		25,872
Flagstar Bancorp, Inc.	*		21		293
Hudson City Bancorp, Inc.			14,470		125,021
MGIC Investment Corp.	*		4,084		20,216
NASB Financial, Inc.	*†		528		11,114
New York Community Bancorp, Inc.	†		12,640		181,384
Northwest Bancshares, Inc.			4,608		58,475
Ocwen Financial Corp.	*		3,358		127,335
People’s United Financial, Inc.			18,806		252,753
Provident Financial Services, Inc.			943		14,400
Provident New York Bancorp			3,670		33,287
Radian Group, Inc.			3,844		41,169
Riverview Bancorp, Inc.	*		2,600		6,864
TFS Financial Corp.	*		3,398		36,800
Tree.com, Inc.			314		5,806


Vantagepoint Broad Market Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
TrustCo Bank Corp NY			3,435	$	19,167
Washington Federal, Inc.			3,379		59,132
Westfield Financial, Inc.			4,068		31,649

					1,253,882

Tobacco—1.5%
Alliance One International, Inc.	*		2,000		7,780
Altria Group, Inc.			70,302		2,417,686
Lorillard, Inc.			13,374		539,641
Philip Morris International, Inc.			60,192		5,580,400
Reynolds American, Inc.			11,115		494,506
Universal Corp.	†		1,078		60,411
Vector Group Ltd.			3,045		49,086

					9,149,510

Trading Companies & Distributors—0.3%
Applied Industrial Technologies, Inc.			2,056		92,520
Beacon Roofing Supply, Inc.	*		2,570		99,356
Fastenal Co.			11,276		579,023
GATX Corp.			1,766		91,779
H&E Equipment Services, Inc.			1,600		32,640
MSC Industrial Direct Co., Inc., Class A			1,782		152,860
United Rentals, Inc.	*		2,798		153,806
W.W. Grainger, Inc.			2,301		517,679
Watsco, Inc.			553		46,552
WESCO International, Inc.	*		1,550		112,545
Willis Lease Finance Corp.	*		1,234		18,658

					1,897,418

Water Utilities—0.1%
American States Water Co.			1,261		72,596
American Water Works Co., Inc.			2,266		93,903
Aqua America, Inc.			4,329		136,104
California Water Service Group			1,930		38,407
Connecticut Water Service, Inc.			500		14,615
SJW Corp.			1,010		26,765

					382,390

Wireless Telecommunication Services—0.3%
Crown Castle International Corp.	*		11,170		777,879
Leap Wireless International, Inc.	*†		3,300		19,437
MetroPCS Communications, Inc.	*		7,134		77,761
NII Holdings, Inc.	*†		5,995		25,958
NTELOS Holdings Corp.			1,350		17,293
SBA Communications Corp., Class A	*		4,064		292,689
Shenandoah Telecommunications Co.			1,200		18,276
Sprint Nextel Corp.	*		88,755		551,169
Telephone & Data Systems, Inc.			445		9,376
United States Cellular Corp.	*		680		24,480

					1,814,318

TOTAL COMMON STOCKS (Cost $358,909,870)					604,613,357

Coupon

Rate

Maturity

Date

Face

Value

U.S. TREASURY OBLIGATIONS—0.1%

U.S. Treasury Bills—0.1%

U.S. Treasury Bill

0.090%

06/13/2013

‡

(Cost $584,894)

585,000

584,934


Vantagepoint Broad Market Index Fund
		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—3.5%
Institutional Money Market Funds—3.5%
Dreyfus Institutional Cash Advantage Fund, 0.07%	††¥		1,800,000		1,800,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%	¥		11,837,375		11,837,375
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%	††¥		762,121		762,121
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.10%	††¥		1,700,000		1,700,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.11%	††¥		1,800,000		1,800,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.13%	††¥		1,800,000		1,800,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.12%	††¥		1,800,000		1,800,000

TOTAL MONEY MARKET FUNDS (Cost $21,499,496)					21,499,496

TOTAL INVESTMENTS—101.4% (Cost $380,994,260)					626,697,787
Other assets less liabilities—(1.4%)					(8,953,423	)

NET ASSETS—100.0%				$	617,744,364


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—98.9%
Aerospace & Defense—1.5%
AAR Corp.			6,897	$	126,836
Aerovironment, Inc.	*		8,991		163,007
Alliant Techsystems, Inc.			4,487		324,993
American Science & Engineering, Inc.			1,020		62,210
Astronics Corp.	*		1,875		55,913
B/E Aerospace, Inc.	*		18,242		1,099,810
Cubic Corp.			2,063		88,131
Curtiss-Wright Corp.			9,576		332,287
DigitalGlobe, Inc.	*		13,689		395,749
Ducommun, Inc.	*		6,327		125,211
Esterline Technologies Corp.	*		3,056		231,339
Exelis, Inc.			29,631		322,682
GenCorp, Inc.	*†		22,028		292,972
HEICO Corp., Class A			4,837		165,957
Hexcel Corp.	*		14,456		419,369
Huntington Ingalls Industries, Inc.			6,803		362,804
Innovative Solutions & Support, Inc.			3,094		15,253
KEYW Holding Corp. (The)	*		2,687		43,341
Kratos Defense & Security Solutions, Inc.	*		9,324		46,900
Moog, Inc., Class A	*		4,645		212,880
National Presto Industries, Inc.	†		656		52,808
Orbital Sciences Corp.	*		18,688		311,903
Spirit Aerosystems Holdings, Inc., Class A	*		16,921		321,330
Taser International, Inc.	*		15,133		120,307
Teledyne Technologies, Inc.	*		4,308		337,920
TransDigm Group, Inc.			9,205		1,407,629
Triumph Group, Inc.			9,252		726,282

					8,165,823

Air Freight & Logistics—0.2%
Air Transport Services Group, Inc.	*		25,035		145,954
Atlas Air Worldwide Holdings, Inc.	*		4,051		165,119
Echo Global Logistics, Inc.	*		2,025		44,793
Forward Air Corp.			3,034		113,138
Hub Group, Inc., Class A	*		5,189		199,569
Pacer International, Inc.	*		3,711		18,666
UTi Worldwide, Inc.			16,303		236,067

					923,306

Airlines—1.1%
Alaska Air Group, Inc.	*		8,862		566,814
Allegiant Travel Co.			2,296		203,839
Delta Air Lines, Inc.	*		156,056		2,576,485
JetBlue Airways Corp.	*†		42,091		290,428
Republic Airways Holdings, Inc.	*		19,421		224,118
SkyWest, Inc.			6,829		109,605
United Continental Holdings, Inc.	*		51,737		1,656,101
US Airways Group, Inc.	*†		22,444		380,875

					6,008,265

Auto Components—1.2%
Allison Transmission Holdings, Inc.			3,671		88,141
American Axle & Manufacturing Holdings, Inc.	*		10,679		145,768
Autoliv, Inc. (Sweden)	†		12,802		885,130
Cooper Tire & Rubber Co.			9,129		234,250
Dana Holding Corp.			26,313		469,161
Dorman Products, Inc.			4,119		153,268
Drew Industries, Inc.			2,363		85,801
Exide Technologies	*		11,062		29,868
Federal-Mogul Corp.	*		14,043		84,679


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Fuel Systems Solutions, Inc.	*		4,238	$	69,800
Gentex Corp.			28,535		570,985
Gentherm, Inc.	*		10,898		178,509
Lear Corp.			16,591		910,348
Modine Manufacturing Co.	*		10,902		99,208
Quantum Fuel Systems Technologies Worldwide, Inc.	*†		67,128		41,552
Shiloh Industries, Inc.			5,043		54,313
Spartan Motors, Inc.			16,899		89,734
Standard Motor Products, Inc.			5,615		155,648
Strattec Security Corp.			502		14,272
Superior Industries International, Inc.			2,803		52,360
Tenneco, Inc.	*		8,885		349,269
TRW Automotive Holdings Corp.	*		20,704		1,138,720
Visteon Corp.	*		8,934		515,492

					6,416,276

Automobiles—0.7%
General Motors Co.	*		103,383		2,876,115
Tesla Motors, Inc.	*†		9,841		372,875
Thor Industries, Inc.			7,449		274,049
Winnebago Industries, Inc.	*		7,884		162,726

					3,685,765

Beverages—0.1%
Boston Beer Co., Inc. (The), Class A	*†		1,904		303,955
Central European Distribution Corp. (Poland)	*†		15,916		5,332
Coca-Cola Bottling Co. Consolidated			798		48,135
National Beverage Corp.			766		10,762

					368,184

Biotechnology—3.3%
Aastrom Biosciences, Inc.	*†		9,842		6,890
Achillion Pharmaceuticals, Inc.	*		4,895		42,782
Acorda Therapeutics, Inc.	*		6,390		204,672
Aegerion Pharmaceuticals, Inc.	*		3,635		146,636
Agenus, Inc.	*		3,197		12,436
Alkermes plc (Ireland)	*		17,553		416,182
Allos Therapeutic, Inc.	*‡d		18,248		—
Alnylam Pharmaceuticals, Inc.	*		6,491		158,186
AMAG Pharmaceuticals, Inc.	*		3,480		82,998
Arena Pharmaceuticals, Inc.	*†		39,027		320,412
Ariad Pharmaceuticals, Inc.	*		34,626		626,384
Arqule, Inc.	*		6,240		16,162
Array BioPharma, Inc.	*		17,505		86,125
Astex Pharmaceuticals	*		17,702		78,951
AVEO Pharmaceuticals, Inc.	*		10,510		77,248
BioCryst Pharmaceuticals, Inc.	*†		21,994		26,173
BioMarin Pharmaceutical, Inc.	*		18,803		1,170,675
Cell Therapeutics, Inc.	*		20,705		23,811
Celldex Therapeutics, Inc.	*		10,060		116,495
Cepheid, Inc.	*		8,077		309,914
Clovis Oncology, Inc.	*		1,532		43,922
Codexis, Inc.	*†		13,873		33,156
Cubist Pharmaceuticals, Inc.	*		7,593		355,504
Cytokinetics, Inc.	*		69,212		78,902
CytRx Corp.	*†		29,055		79,030
Dendreon Corp.	*†		24,041		113,714
Discovery Laboratories, Inc.	*†		7,623		17,457
Dyax Corp.	*		22,226		96,905
Dynavax Technologies Corp.	*		20,515		45,543
Emergent Biosolutions, Inc.	*		4,839		67,649
Entremed, Inc.	*		126		256


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Enzon Pharmaceuticals, Inc.			7,159	$	27,204
Exact Sciences Corp.	*		16,082		157,604
Exelixis, Inc.	*†		35,337		163,257
Galena Biopharma, Inc.	*†		11,942		24,959
Genomic Health, Inc.	*		6,866		194,170
Geron Corp.	*†		36,667		39,234
GTx, Inc.	*		4,210		17,471
Halozyme Therapeutics, Inc.	*		18,837		108,689
Hemispherx Biopharma, Inc.	*†		54,952		10,441
Idenix Pharmaceuticals, Inc.	*†		11,707		41,677
ImmunoGen, Inc.	*†		9,339		149,984
Immunomedics, Inc.	*		12,320		29,691
Incyte Corp. Ltd.	*†		29,421		688,746
Infinity Pharmaceuticals, Inc.	*		4,066		197,079
InterMune, Inc.	*†		7,345		66,472
Ironwood Pharmaceuticals, Inc.	*		12,816		234,405
Isis Pharmaceuticals, Inc.	*†		15,742		266,669
Keryx Biopharmaceuticals, Inc.	*†		33,078		232,869
Lexicon Pharmaceuticals, Inc.	*		34,034		74,194
Ligand Pharmaceuticals, Inc., Class B	*		3,990		106,333
MannKind Corp.	*†		21,902		74,248
Maxygen, Inc.			5,279		12,722
MediciNova, Inc.	*		3,130		8,388
Medivation, Inc.	*		13,562		634,295
Metabolix, Inc.	*†		8,606		15,749
Momenta Pharmaceuticals, Inc.	*		7,065		94,247
Myrexis, Inc.			58,092		5,519
Myriad Genetics, Inc.	*		17,432		442,773
Neurocrine Biosciences, Inc.	*		8,240		100,034
Novavax, Inc.	*†		21,148		48,217
NPS Pharmaceuticals, Inc.	*		9,432		96,112
OncoGenex Pharmaceutical, Inc.	*		4,342		49,195
Oncothyreon, Inc.	*†		20,487		42,613
Onyx Pharmaceuticals, Inc.	*		13,102		1,164,244
Opko Health, Inc.	*†		28,097		214,380
Orexigen Therapeutics, Inc.	*		7,774		48,588
Osiris Therapeutics, Inc.	*		4,513		46,935
PDL BioPharma, Inc.	†		38,667		282,656
Peregrine Pharmaceuticals, Inc.	*†		14,427		19,332
Pharmacyclics, Inc.	*		9,512		764,860
Progenics Pharmaceuticals, Inc.	*		6,205		33,445
Raptor Pharmaceutical Corp.	*†		7,622		44,589
Regeneron Pharmaceuticals, Inc.	*		9,367		1,652,339
Repligen Corp.	*		9,025		62,363
Rigel Pharmaceuticals, Inc.	*		12,762		86,654
Sangamo Biosciences, Inc.	*†		10,702		102,311
Sarepta Therapeutics, Inc.	*†		8,651		319,654
Savient Pharmaceuticals, Inc.	*†		32,380		25,904
Seattle Genetics, Inc.	*†		20,977		744,893
SIGA Technologies, Inc.	*†		20,091		71,926
Spectrum Pharmaceuticals, Inc.	†		8,460		63,112
StemCells, Inc.	*†		12,574		21,753
Synageva BioPharma Corp.	*		1,384		76,009
Theravance, Inc.	*		14,063		332,168
United Therapeutics Corp.	*		10,148		617,709
Vanda Pharmaceuticals, Inc.	*		15,122		59,278
Vertex Pharmaceuticals, Inc.	*		32,691		1,797,351
XOMA Corp.	*†		17,238		60,161

					18,023,044

Building Products—0.8%
A.O. Smith Corp.			8,295		610,263
American Woodmark Corp.	*		3,639		123,835


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Apogee Enterprises, Inc.			5,631	$	163,017
Armstrong World Industries, Inc.	*		3,910		218,530
Fortune Brands Home & Security, Inc.	*		26,296		984,259
Gibraltar Industries, Inc.	*		3,678		67,124
Griffon Corp.			6,441		76,777
Insteel Industries, Inc.			2,829		46,169
Lennox International, Inc.			8,002		508,047
NCI Building Systems, Inc.	*		8,291		144,015
Nortek, Inc.	*		1,435		102,402
Owens Corning, Inc.	*		14,719		580,370
Quanex Building Products Corp.			3,000		48,300
Simpson Manufacturing Co., Inc.			8,898		272,368
Trex Co., Inc.	*		2,108		103,671
Universal Forest Products, Inc.			1,649		65,647
USG Corp.	*†		11,709		309,586

					4,424,380

Capital Markets—2.1%
Affiliated Managers Group, Inc.	*		9,350		1,435,880
American Capital Ltd.	*		52,286		763,114
Apollo Investment Corp.			49,910		417,248
Arlington Asset Investment Corp., Class A			3,155		81,431
Artio Global Investors, Inc.			27,199		73,981
BGC Partners, Inc., Class A			21,607		89,885
Calamos Asset Management, Inc., Class A			3,748		44,114
CIFC Corp.	*		2,540		20,904
Cowen Group, Inc., Class A	*		34,303		96,734
Diamond Hill Investment Group, Inc.			1,349		104,966
Duff & Phelps Corp., Class A			2,783		43,164
Eaton Vance Corp.			18,870		789,332
Evercore Partners, Inc., Class A			8,031		334,090
Federated Investors, Inc., Class B	†		15,767		373,205
Fifth Street Finance Corp.			19,412		213,920
Financial Engines, Inc.			4,729		171,284
GAMCO Investors, Inc., Class A			1,052		55,872
GFI Group, Inc.			33,019		110,283
Greenhill & Co., Inc.			6,438		343,660
HFF, Inc., Class A			2,246		44,763
ICG Group, Inc.	*		7,645		95,410
INTL FCStone, Inc.	*		4,667		81,252
Investment Technology Group, Inc.	*		22,766		251,337
Janus Capital Group, Inc.	†		25,815		242,661
Knight Capital Group, Inc., Class A	*		25,616		95,292
Ladenburg Thalmann Financial Services, Inc.	*		25,346		42,074
Main Street Capital Corp.	†		4,843		155,412
Medallion Financial Corp.			2,518		33,288
Oaktree Capital Group LLC			2,600		132,652
Piper Jaffray Cos.	*		2,312		79,302
Raymond James Financial, Inc.			20,667		952,749
Safeguard Scientifics, Inc.	*		3,658		57,796
SEI Investments Co.			29,084		839,073
Stifel Financial Corp.	*		14,734		510,828
SWS Group, Inc.	*		14,960		90,508
TD Ameritrade Holding Corp.			44,173		910,847
U.S. Global Investors, Inc., Class A			8,854		32,494
Virtus Investment Partners, Inc.	*		1,399		260,606
Waddell & Reed Financial, Inc., Class A			14,093		616,992


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Walter Investment Management Corp.	*		5,513	$	205,359
Westwood Holdings Group, Inc.			2,860		127,070
WisdomTree Investments, Inc.	*		4,083		42,463

					11,463,295

Chemicals—2.6%
A. Schulman, Inc.			5,791		182,764
Albemarle Corp.			13,289		830,828
American Vanguard Corp.			1,361		41,565
Ashland, Inc.			12,395		920,948
Axiall Corp.			11,322		703,776
Balchem Corp.			4,960		217,942
Cabot Corp.			11,289		386,084
Calgon Carbon Corp.	*		14,639		264,966
Celanese Corp., Series A			20,503		903,157
Chemtura Corp.	*		15,439		333,637
Cytec Industries, Inc.			6,784		502,559
Ferro Corp.	*		20,271		136,829
Flotek Industries, Inc.	*†		11,454		187,273
H.B. Fuller Co.			9,773		381,929
Huntsman Corp.			30,318		563,612
Innophos Holdings, Inc.			3,448		188,123
Innospec, Inc.			4,953		219,319
Intrepid Potash, Inc.			8,881		166,608
Koppers Holdings, Inc.			3,348		147,245
Kraton Performance Polymers, Inc.	*		1,677		39,242
Kronos Worldwide, Inc.	†		3,735		58,453
Landec Corp.	*		8,822		127,654
LSB Industries, Inc.	*		5,477		190,490
Minerals Technologies, Inc.			3,744		155,413
NewMarket Corp.			1,802		469,169
Olin Corp.			8,990		226,728
OM Group, Inc.	*		7,720		181,266
OMNOVA Solutions, Inc.	*		9,679		74,238
Penford Corp.	*		5,562		61,015
PolyOne Corp.			16,708		407,842
Quaker Chemical Corp.			1,879		110,899
Rockwood Holdings, Inc.			12,244		801,247
RPM International, Inc.			22,618		714,276
Scotts Miracle-Gro Co. (The), Class A			8,157		352,709
Sensient Technologies Corp.			9,622		376,124
Stepan Co.			2,394		151,061
Tredegar Corp.			2,467		72,628
Valspar Corp.			14,100		877,725
W.R. Grace & Co.	*		13,453		1,042,742
Westlake Chemical Corp.	†		4,325		404,388
Zep, Inc.			4,143		62,186
Zoltek Cos., Inc.	*†		17,218		205,755

					14,442,414

Commercial Banks—4.4%
1st Source Corp.			2,200		52,140
Ameris Bancorp	*		6,211		89,128
Arrow Financial Corp.	†		4,347		107,110
Associated Banc-Corp			31,867		484,060
BancFirst Corp.			1,092		45,536
Bancorp, Inc. (The)/Delaware	*		8,887		123,085
BancorpSouth, Inc.			19,643		320,181
Bank of Hawaii Corp.			8,954		454,953
Bank of the Ozarks, Inc.			7,647		339,144
Banner Corp.			2,674		85,113
BBCN Bancorp, Inc./California			23,477		306,610


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
BOK Financial Corp.			2,311	$	143,975
Boston Private Financial Holdings, Inc.			12,410		122,611
Bryn Mawr Bank Corp.			4,411		102,688
Camden National Corp.			1,411		46,676
Capital City Bank Group, Inc.	*		4,374		54,019
CapitalSource, Inc.			48,390		465,512
Cardinal Financial Corp.			7,745		140,804
Cascade Bancorp	*		479		3,238
Cathay General Bancorp			18,966		381,596
Catskill Litigation Trust	*‡d		583		—
Central Pacific Financial Corp.	*		4,653		73,052
Chemical Financial Corp.			3,780		99,716
CIT Group, Inc.	*		27,800		1,208,744
Citizens Republic Bancorp, Inc.	*		16,394		369,685
City Holding Co.	†		2,691		107,075
City National Corp./California			7,803		459,675
CoBiz Financial, Inc.			13,041		105,371
Columbia Banking System, Inc.			9,767		214,679
Commerce Bancshares, Inc./Missouri			13,411		547,571
Community Bank System, Inc.			8,019		237,603
Community Trust Bancorp, Inc.			2,246		76,431
Cullen/Frost Bankers, Inc.			11,540		721,596
CVB Financial Corp.			17,733		199,851
East West Bancorp, Inc.			29,398		754,647
Eastern Virginia Bankshares, Inc.	*		701		3,968
Fidelity Southern Corp.	*		7,353		84,559
Financial Institutions, Inc.			2,448		48,862
First BanCorp. (Puerto Rico)	*†		25,707		160,155
First Bancorp/North Carolina			5,052		68,151
First Busey Corp.			14,438		65,982
First Citizens BancShares, Inc./North Carolina, Class A			634		115,832
First Commonwealth Financial Corp.			30,605		228,313
First Financial Bancorp			6,617		106,203
First Financial Bankshares, Inc.	†		5,160		250,776
First Merchants Corp.			4,647		71,889
First Midwest Bancorp, Inc./Illinois			9,549		126,811
First Niagara Financial Group, Inc.			76,028		673,608
First of Long Island Corp. (The)			1,432		42,459
FirstMerit Corp.	†		18,310		302,664
FNB Corp./Pennsylvania			28,242		341,728
FNB United Corp.	*		4,390		42,846
Fulton Financial Corp.			42,856		501,415
Glacier Bancorp, Inc.			21,753		412,872
Great Southern Bancorp, Inc.			3,068		74,829
Guaranty Bancorp	*		38,669		81,205
Hancock Holding Co.			13,641		421,780
Hanmi Financial Corp.	*		8,190		131,040
Heritage Commerce Corp.	*		8,988		60,489
Heritage Financial Corp./Washington			5,490		79,605
IBERIABANK Corp.			6,270		313,625
Independent Bank Corp./Massachusetts			3,125		101,844
Independent Bank Corp./Michigan	*		389		3,291
International Bancshares Corp.			7,878		163,862
Investors Bancorp, Inc.			16,332		306,715
Lakeland Financial Corp.			4,843		129,260
Macatawa Bank Corp.	*†		9,867		53,380
MainSource Financial Group, Inc.			4,454		62,534
MB Financial, Inc.			7,169		173,275


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Merchants Bancshares, Inc.			3,578	$	107,823
MidSouth Bancorp, Inc.			3,651		59,365
MidWestOne Financial Group, Inc.			4,566		108,716
National Penn Bancshares, Inc.			8,522		91,100
NBT Bancorp, Inc.			4,152		91,967
Old National Bancorp/Indiana			30,830		423,913
Old Second Bancorp, Inc.	*†		5,324		16,930
Oriental Financial Group, Inc. (Puerto Rico)			19,202		297,823
Pacific Premier Bancorp, Inc.	*		977		12,848
PacWest Bancorp			2,392		69,631
Park National Corp.			1,421		99,172
Peapack Gladstone Financial Corp.			1,086		16,192
Peoples Bancorp, Inc./Ohio			2,337		52,325
Pinnacle Financial Partners, Inc.	*		6,115		142,846
Popular, Inc. (Puerto Rico)	*		17,490		482,899
Preferred Bank/Los Angeles CA	*		4,011		63,294
PrivateBancorp, Inc.			12,737		240,857
Prosperity Bancshares, Inc.			10,569		500,865
Renasant Corp.			4,358		97,532
Republic Bancorp, Inc./Kentucky, Class A			2,055		46,525
S&T Bancorp, Inc.			6,364		117,989
Sandy Spring Bancorp, Inc.			2,239		45,004
Seacoast Banking Corp. of Florida	*		53,038		110,849
Sierra Bancorp			5,758		75,718
Signature Bank/New York	*		6,594		519,343
Simmons First National Corp., Class A			3,697		93,608
Southwest Bancorp, Inc./Oklahoma			4,075		51,182
Sterling Bancorp/New York			5,344		54,295
Sterling Financial Corp./Washington			3,511		76,154
Suffolk Bancorp	*		3,976		56,618
Susquehanna Bancshares, Inc.			21,345		265,318
SVB Financial Group	*		6,536		463,664
SY Bancorp, Inc.			4,501		101,273
Synovus Financial Corp.			102,979		285,252
TCF Financial Corp.			19,522		292,049
Texas Capital Bancshares, Inc.	*		6,292		254,511
Tompkins Financial Corp.			1,976		83,545
TowneBank/Virginia	†		4,995		74,775
Trustmark Corp.			7,843		196,153
UMB Financial Corp.			5,083		249,423
Umpqua Holdings Corp.			15,160		201,022
Union First Market Bankshares Corp.			4,226		82,661
United Bankshares, Inc.	†		5,447		144,945
United Community Banks,
Inc./Georgia	*		8,268		93,759
Valley National Bancorp	†		47,250		483,840
Virginia Commerce Bancorp, Inc.	*		10,179		143,015
Washington Trust Bancorp, Inc.			3,270		89,533
Webster Financial Corp.			15,362		372,682
WesBanco, Inc.			2,801		67,084
West Coast Bancorp/Oregon			3,288		79,833
Westamerica Bancorporation			5,748		260,557
Western Alliance Bancorp	*		26,213		362,788
Wilshire Bancorp, Inc.	*		17,149		116,270
Wintrust Financial Corp.			5,057		187,311

					24,024,348

Commercial Services & Supplies—1.3%
ABM Industries, Inc.			9,730		216,395
ACCO Brands Corp.	*		14,981		100,073


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
ARC Document Solutions, Inc.	*		15,235	$	45,400
Brink’s Co. (The)			6,600		186,516
Casella Waste Systems, Inc., Class A	*		5,820		25,433
Cenveo, Inc.	*†		10,269		22,078
Clean Harbors, Inc.	*		8,205		476,628
Consolidated Graphics, Inc.	*		699		27,331
Copart, Inc.	*		19,876		681,349
Courier Corp.			1,904		27,437
Covanta Holding Corp.			24,565		494,985
Deluxe Corp.			6,902		285,743
EnergySolutions, Inc.	*		17,158		64,343
EnerNOC, Inc.	*		2,426		42,140
Ennis, Inc.			2,217		33,410
G&K Services, Inc., Class A			2,038		92,749
Healthcare Services Group, Inc.			8,543		218,957
Herman Miller, Inc.			7,167		198,311
HNI Corp.			4,666		165,596
Interface, Inc.			5,624		108,093
Intersections, Inc.			4,413		41,526
KAR Auction Services, Inc.			3,329		66,680
Kimball International, Inc., Class B			4,445		40,272
Knoll, Inc.			8,621		156,299
McGrath RentCorp			2,986		92,865
Metalico, Inc.	*		25,521		41,344
Mine Safety Appliances Co.			4,632		229,840
Mobile Mini, Inc.	*		4,526		133,200
Multi-Color Corp.			2,526		65,146
NL Industries, Inc.			412		5,121
Quad/Graphics, Inc.			1,767		42,302
R.R. Donnelley & Sons Co.	†		25,532		307,661
Rollins, Inc.			17,041		418,357
Standard Parking Corp.	*		2,169		44,898
Standard Register Co. (The)	*		1,650		1,387
Steelcase, Inc., Class A			19,006		279,958
Team, Inc.	*		3,347		137,461
Tetra Tech, Inc.	*		6,841		208,582
TRC Cos., Inc.	*		11,036		71,182
Unifirst Corp.			996		90,138
United Stationers, Inc.			4,110		158,852
US Ecology, Inc.			6,877		182,584
Viad Corp.			1,978		54,712
Waste Connections, Inc.			22,840		821,783

					7,205,117

Communications Equipment—1.2%
Acme Packet, Inc.	*		10,066		294,129
ADTRAN, Inc.	†		12,844		252,385
Alliance Fiber Optic Products, Inc.			963		12,548
Anaren, Inc.	*		2,003		38,838
Arris Group, Inc.	*		18,641		320,066
Aruba Networks, Inc.	*†		20,237		500,663
Aviat Networks, Inc.	*		22,656		76,351
Black Box Corp.			1,414		30,839
Brocade Communications Systems, Inc.	*		65,397		377,341
CalAmp Corp.	*		9,992		109,612
Ciena Corp.	*		24,804		397,112
Comtech Telecommunications Corp.			4,419		107,293
Digi International, Inc.	*		2,517		22,477
EchoStar Corp., Class A	*		7,521		293,093
Emcore Corp.	*		11,797		68,659
Emulex Corp.	*		15,840		103,435
Extreme Networks, Inc.	*		9,940		33,498
Finisar Corp.	*		16,126		212,702


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Globecomm Systems, Inc.	*		5,067	$	60,855
Harmonic, Inc.	*		19,391		112,274
Infinera Corp.	*†		12,147		85,029
InterDigital, Inc.			7,655		366,139
Ixia	*		7,348		159,011
KVH Industries, Inc.	*		3,755		50,955
Loral Space & Communications, Inc.			3,756		232,421
NETGEAR, Inc.	*		3,773		126,433
Numerex Corp., Class A	*		1,800		23,022
Oclaro, Inc.	*†		9,084		11,446
Oplink Communications, Inc.	*		1,808		29,651
Optical Cable Corp.			241		1,005
Palo Alto Networks, Inc.	*		792		44,827
Parkervision, Inc.	*†		37,014		135,841
Plantronics, Inc.			9,656		426,699
Polycom, Inc.	*		30,575		338,771
Riverbed Technology, Inc.	*		23,885		356,125
Sonus Networks, Inc.	*		107,679		278,889
Symmetricom, Inc.	*		6,110		27,739
Tellabs, Inc.			59,542		124,443
UTStarcom Holdings Corp. (China)	*		15,453		43,268
ViaSat, Inc.	*		5,176		250,726
Westell Technologies, Inc., Class A	*		13,644		27,424
Zoom Technologies, Inc. (China)	*†		542		369

					6,564,403

Computers & Peripherals—0.6%
3D Systems Corp.	*†		12,738		410,673
Avid Technology, Inc.	*		2,658		16,666
Concurrent Computer Corp.			759		6,004
Cray, Inc.	*		5,759		133,666
Diebold, Inc.			14,906		451,950
Dot Hill Systems Corp.	*		21,866		24,052
Electronics for Imaging, Inc.	*		3,912		99,208
Hutchinson Technology, Inc.	*†		2,054		5,648
iGO, Inc.	*		233		916
Imation Corp.	*		18,494		70,647
Immersion Corp.	*		5,977		70,170
Intermec, Inc.	*		11,337		111,443
Intevac, Inc.	*		3,891		18,365
Lexmark International, Inc., Class A	†		10,260		270,864
NCR Corp.	*		27,262		751,341
Novatel Wireless, Inc.	*		10,536		20,967
Overland Storage, Inc.	*†		9,851		11,723
QLogic Corp.	*		26,656		309,210
Quantum Corp.	*		58,778		75,236
Rimage Corp.			924		8,334
Silicon Graphics International Corp.	*		9,365		128,769
STEC, Inc.	*		14,855		65,659
Synaptics, Inc.	*		5,067		206,176
TransAct Technologies, Inc.			2,600		20,514

					3,288,201

Construction & Engineering—0.7%
AECOM Technology Corp.	*		18,991		622,905
Aegion Corp.	*		4,145		95,957
Comfort Systems USA, Inc.			3,803		53,584
Dycom Industries, Inc.	*		13,213		260,164
EMCOR Group, Inc.			10,329		437,846
Furmanite Corp.	*		7,017		46,944
Granite Construction, Inc.			5,631		179,291
KBR, Inc.			23,912		767,097
Layne Christensen Co.	*		2,498		53,407
MasTec, Inc.	*		11,328		330,211


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Northwest Pipe Co.	*		2,458	$	68,775
Orion Marine Group, Inc.	*		17,265		171,614
Pike Electric Corp.			7,553		107,479
Primoris Services Corp.			2,817		62,284
Sterling Construction Co., Inc.	*		5,331		58,055
Tutor Perini Corp.	*		5,845		112,809
URS Corp.			11,130		527,673

					3,956,095

Construction Materials—0.2%
Eagle Materials, Inc.			6,632		441,890
Headwaters, Inc.	*		14,630		159,467
Martin Marietta Materials, Inc.			5,070		517,242
Texas Industries, Inc.	*†		3,011		190,024

					1,308,623

Consumer Finance—0.4%
Asset Acceptance Capital Corp.	*		6,870		46,304
Asta Funding, Inc.			3,486		33,465
Atlanticus Holdings Corp.	*		821		3,013
Cash America International, Inc.			7,304		383,241
Credit Acceptance Corp.	*		1,740		212,524
DFC Global Corp.	*		10,439		173,705
Encore Capital Group, Inc.	*		1,442		43,404
Ezcorp, Inc., Class A	*		7,391		157,428
First Cash Financial Services, Inc.	*		7,544		440,117
First Marblehead Corp. (The)	*†		39,461		39,856
Green Dot Corp., Class A	*†		2,758		46,086
Nelnet, Inc., Class A			4,517		152,675
Netspend Holdings, Inc.	*		2,713		43,109
Portfolio Recovery Associates, Inc.	*		1,989		252,444
World Acceptance Corp.	*†		1,346		115,581

					2,142,952

Containers & Packaging—0.9%
AEP Industries, Inc.	*		1,473		105,776
AptarGroup, Inc.			9,353		536,395
Boise, Inc.			10,645		92,186
Crown Holdings, Inc.	*		28,237		1,174,942
Graphic Packaging Holding Co.	*		41,897		313,808
Greif, Inc., Class A			4,197		225,043
Myers Industries, Inc.			4,506		62,904
Packaging Corp. of America			16,167		725,413
Rock-Tenn Co., Class A			9,969		925,023
Silgan Holdings, Inc.			9,005		425,486
Sonoco Products Co.			13,840		484,262

					5,071,238

Distributors—0.3%
LKQ Corp.	*		56,780		1,235,533
Pool Corp.			5,225		250,800
VOXX International Corp.	*		2,945		31,541

					1,517,874

Diversified Consumer Services—0.6%
American Public Education, Inc.	*†		2,444		85,271
Ascent Capital Group, Inc., Class A	*		3,050		227,042
Capella Education Co.	*		3,229		100,551
Career Education Corp.	*		11,632		27,568
Coinstar, Inc.	*†		3,501		204,529
Corinthian Colleges, Inc.	*†		17,447		36,639
DeVry, Inc.			9,475		300,831
Education Management Corp.	*		12,017		44,102
Grand Canyon Education, Inc.	*		8,434		214,139
Hillenbrand, Inc.			14,350		362,768


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
ITT Educational Services, Inc.	*†		4,939	$	68,059
K12, Inc.	*†		8,049		194,061
Matthews International Corp., Class A			4,455		155,435
Regis Corp.	†		5,718		104,010
Service Corp. International			27,143		454,102
Sotheby’s			9,999		374,063
Steiner Leisure Ltd. (Bahamas)	*		2,327		112,534
Stewart Enterprises, Inc., Class A	†		11,267		104,671
Strayer Education, Inc.	†		944		45,671
Universal Technical Institute, Inc.			4,524		57,138
Weight Watchers International, Inc.	†		5,424		228,405

					3,501,589

Diversified Financial Services—0.3%
Interactive Brokers Group, Inc., Class A			14,771		220,236
MarketAxess Holdings, Inc.			8,655		322,831
MSCI, Inc.	*		22,345		758,166
NewStar Financial, Inc.	*		3,250		42,997
PHH Corp.	*†		11,809		259,326
PICO Holdings, Inc.	*		3,754		83,339
Resource America, Inc., Class A			3,696		36,812

					1,723,707

Diversified Telecommunication Services—0.5%
8x8, Inc.	*		33,730		231,051
Alaska Communications Systems Group, Inc.			8,744		14,515
Atlantic Tele-Network, Inc.			1,034		50,159
Cbeyond, Inc.	*		5,638		41,890
Cincinnati Bell, Inc.	*		58,433		190,492
Cogent Communications Group, Inc.			9,120		240,768
Consolidated Communications Holdings, Inc.			15,899		279,027
General Communication, Inc., Class A	*		3,847		35,277
HickoryTech Corp.			6,548		66,462
IDT Corp., Class B			2,274		27,424
Iridium Communications, Inc.	*		6,560		39,491
Level 3 Communications, Inc.	*		28,997		588,349
Lumos Networks Corp.			1,551		20,908
Neutral Tandem, Inc.			13,265		43,377
ORBCOMM, Inc.	*		13,962		72,742
Premiere Global Services, Inc.	*		5,642		62,006
Towerstream Corp.	*†		22,633		50,472
tw telecom inc.	*		22,613		569,621
Vonage Holdings Corp.	*		15,244		44,055

					2,668,086

Electric Utilities—1.4%
ALLETE, Inc.			5,379		263,678
Cleco Corp.			8,902		418,661
El Paso Electric Co.			7,953		267,618
Empire District Electric Co. (The)			10,377		232,445
Great Plains Energy, Inc.			22,589		523,839
Hawaiian Electric Industries, Inc.	†		17,718		490,966
IDACORP, Inc.			8,127		392,290
ITC Holdings Corp.			9,145		816,283
MGE Energy, Inc.			4,750		263,340
NV Energy, Inc.			28,661		574,080
OGE Energy Corp.			16,668		1,166,427
Otter Tail Corp.			6,778		211,067
PNM Resources, Inc.			13,928		324,383
Portland General Electric Co.			13,022		394,957


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
UIL Holdings Corp.			10,662	$	422,109
Unitil Corp.			4,288		120,621
UNS Energy Corp.			4,770		233,444
Westar Energy, Inc.			18,809		624,083

					7,740,291

Electrical Equipment—1.2%
Active Power, Inc.	*		8,420		38,648
Acuity Brands, Inc.			5,630		390,441
American Superconductor Corp.	*†		6,746		17,944
AMETEK, Inc.			42,778		1,854,854
AZZ, Inc.			5,725		275,945
Babcock & Wilcox Co. (The)			19,772		561,723
Belden, Inc.			6,679		344,970
Brady Corp., Class A			7,763		260,293
Capstone Turbine Corp.	*†		79,299		71,369
Encore Wire Corp.			1,693		59,289
EnerSys, Inc.	*		8,778		400,101
Enphase Energy, Inc.	*†		17,769		110,168
Franklin Electric Co., Inc.			7,858		263,793
FuelCell Energy, Inc.	*†		48,935		46,185
General Cable Corp.	*		7,507		274,981
GrafTech International Ltd.	*†		22,518		172,938
Hubbell, Inc., Class B			7,363		715,021
II-VI, Inc.	*		6,998		119,246
LSI Industries, Inc.			3,003		20,961
Magnetek, Inc.	*		458		6,398
Polypore International, Inc.	*†		5,835		234,450
Powell Industries, Inc.	*		1,046		54,988
PowerSecure International, Inc.	*		2,650		33,682
Regal-Beloit Corp.			5,997		489,115
Vicor Corp.	*		3,481		17,301

					6,834,804

Electronic Equipment, Instruments & Components—1.8%
Agilysys, Inc.	*		4,188		41,629
Anixter International, Inc.			4,320		302,054
Arrow Electronics, Inc.	*		15,485		629,001
Avnet, Inc.	*		23,170		838,754
AVX Corp.			16,770		199,563
Badger Meter, Inc.			4,287		229,440
Benchmark Electronics, Inc.	*		14,600		263,092
Checkpoint Systems, Inc.	*		8,101		105,799
Cognex Corp.			3,670		154,690
Coherent, Inc.			3,191		181,057
CTS Corp.			4,578		47,794
Daktronics, Inc.			5,610		58,905
Dolby Laboratories, Inc., Class A	†		3,169		106,352
DTS, Inc.	*		1,605		26,691
Echelon Corp.	*		10,673		26,042
Electro Rent Corp.			2,563		47,518
Electro Scientific Industries, Inc.			3,685		40,719
FARO Technologies, Inc.	*		1,400		60,746
FEI Co.			7,016		452,883
ID Systems, Inc.	*		2,437		13,891
Identive Group, Inc.	*		11,064		16,375
Ingram Micro, Inc., Class A	*		29,411		578,808
Insight Enterprises, Inc.	*		3,820		78,768
IPG Photonics Corp.	†		5,305		352,305
Iteris, Inc.	*		4,264		7,760
Itron, Inc.	*		7,914		367,210
Littelfuse, Inc.			2,845		193,033
LoJack Corp.	*		1,880		5,866
LRAD Corp.	*		3,686		3,833


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Maxwell Technologies, Inc.	*		9,929	$	53,517
Measurement Specialties, Inc.	*		3,063		121,815
Mercury Systems, Inc.	*		3,652		26,915
Mesa Laboratories, Inc.			1,200		63,588
Methode Electronics, Inc.			16,111		207,510
Microvision, Inc.	*†		14,308		22,750
MTS Systems Corp.			1,818		105,717
National Instruments Corp.			17,107		560,254
Newport Corp.	*		4,130		69,880
OSI Systems, Inc.	*		2,750		171,297
Park Electrochemical Corp.			1,950		49,413
PC Connection, Inc.			2,755		45,044
Planar Systems, Inc.	*		8,504		15,988
Plexus Corp.	*		4,416		107,353
Power-One, Inc.	*†		40,825		169,424
Pulse Electronics Corp.	*		7,988		3,235
Radisys Corp.	*		4,878		24,000
RealD, Inc.	*		3,818		49,634
Research Frontiers, Inc.	*†		2,932		10,790
Rofin-Sinar Technologies, Inc.	*		3,102		84,033
Rogers Corp.	*		1,417		67,478
Sanmina Corp.	*		9,115		103,546
ScanSource, Inc.	*		1,798		50,740
Sigmatron International, Inc.	*		283		1,163
SYNNEX Corp.	*		5,088		188,256
Tech Data Corp.	*		7,329		334,276
Trimble Navigation Ltd.	*		41,863		1,254,215
TTM Technologies, Inc.	*		13,456		102,266
Universal Display Corp.	*		5,881		172,843
Vishay Intertechnology, Inc.	*		19,798		269,451
Vishay Precision Group, Inc.	*		7,543		110,807
Wayside Technology Group, Inc.			1,787		21,247
Zygo Corp.	*		2,997		44,386

					10,113,409

Energy Equipment & Services—2.0%
Atwood Oceanics, Inc.	*		8,965		471,021
Basic Energy Services, Inc.	*†		5,491		75,062
Bolt Technology Corp.			4,903		85,606
Bristow Group, Inc.			5,902		389,178
Cal Dive International, Inc.	*†		45,231		81,416
CARBO Ceramics, Inc.	†		3,363		306,268
Dawson Geophysical Co.	*		2,635		79,050
Dresser-Rand Group, Inc.	*		13,863		854,793
Dril-Quip, Inc.	*		5,987		521,887
Era Group, Inc.	*		2,817		59,157
Exterran Holdings, Inc.	*		10,606		286,362
Geospace Technologies Corp.	*		1,604		173,104
Gulfmark Offshore, Inc., Class A			3,758		146,412
Heckmann Corp.	*†		24,039		103,127
Helix Energy Solutions Group, Inc.	*		12,150		277,992
Hercules Offshore, Inc.	*		42,310		313,940
Hornbeck Offshore Services, Inc.	*		4,277		198,709
ION Geophysical Corp.	*		22,870		155,745
Key Energy Services, Inc.	*		31,716		256,265
Lufkin Industries, Inc.			5,305		352,199
Matrix Service Co.	*		3,244		48,336
McDermott International, Inc.	*		38,556		423,730
Mitcham Industries, Inc.	*		3,707		62,722
Natural Gas Services Group, Inc.	*		5,244		100,999
Newpark Resources, Inc.	*		17,228		159,876
Oceaneering International, Inc.			18,454		1,225,530
Oil States International, Inc.	*		7,531		614,304
Parker Drilling Co.	*		18,562		79,445


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Patterson-UTI Energy, Inc.			29,101	$	693,768
PHI, Inc.	*		2,638		90,246
Pioneer Energy Services Corp.	*		16,802		138,616
RPC, Inc.			25,188		382,102
SEACOR Holdings, Inc.			2,817		207,557
Superior Energy Services, Inc.	*		25,901		672,649
TETRA Technologies, Inc.	*		8,961		91,940
Tidewater, Inc.			7,544		380,972
Unit Corp.	*		6,849		311,972
Vantage Drilling Co.	*†		44,721		78,262

					10,950,319

Food & Staples Retailing—0.4%
Andersons, Inc. (The)			2,228		119,243
Arden Group, Inc., Class A			552		55,802
Casey’s General Stores, Inc.			7,327		427,164
Fresh Market, Inc. (The)	*		985		42,128
Harris Teeter Supermarkets, Inc.			7,740		330,575
Nash Finch Co.			1,190		23,300
Pantry, Inc. (The)	*		2,139		26,673
Pricesmart, Inc.			3,028		235,669
Rite Aid Corp.	*		203,564		386,772
Spartan Stores, Inc.			3,490		61,250
SUPERVALU, Inc.	†		28,510		143,690
United Natural Foods, Inc.	*		6,858		337,414
Village Super Market, Inc., Class A			2,777		93,557
Weis Markets, Inc.			1,103		44,892

					2,328,129

Food Products—1.8%
B&G Foods, Inc.			12,057		367,618
Boulder Brands, Inc.	*†		15,817		142,037
Bunge Ltd.			24,172		1,784,619
Calavo Growers, Inc.	†		2,244		64,582
Cal-Maine Foods, Inc.			4,027		171,389
Chiquita Brands International, Inc.	*		9,802		76,063
Darling International, Inc.	*		17,587		315,862
Diamond Foods, Inc.	*†		4,466		75,297
Dole Food Co., Inc.	*		12,165		132,598
Farmer Bros. Co.	*		930		13,671
Flowers Foods, Inc.			28,075		924,790
Fresh Del Monte Produce, Inc.			7,728		208,501
Green Mountain Coffee Roasters, Inc.	*†		18,718		1,062,434
Griffin Land & Nurseries, Inc.			2,039		61,272
Hain Celestial Group, Inc. (The)	*		8,402		513,194
Hillshire Brands Co.			18,793		660,574
Ingredion, Inc.			12,624		912,968
Inventure Foods, Inc.	*		9,182		71,436
J&J Snack Foods Corp.			1,866		143,477
John B. Sanfilippo & Son, Inc.			1,899		37,942
Lancaster Colony Corp.			2,437		187,649
Omega Protein Corp.	*		2,815		30,261
Pilgrim’s Pride Corp.	*		4,877		44,820
Post Holdings, Inc.	*		5,073		217,784
Sanderson Farms, Inc.			2,714		148,239
Seaboard Corp.			43		120,400
Smithfield Foods, Inc.	*		23,691		627,338
Snyders-Lance, Inc.			10,604		267,857
Tootsie Roll Industries, Inc.	†		3,353		100,278
TreeHouse Foods, Inc.	*		6,343		413,246

					9,898,196

Gas Utilities—0.9%
Atmos Energy Corp.			14,680		626,689


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Chesapeake Utilities Corp.			2,965	$	145,433
Delta Natural Gas Co., Inc.			7,514		164,256
Laclede Group, Inc. (The)			1,902		81,215
National Fuel Gas Co.			14,383		882,397
New Jersey Resources Corp.			5,892		264,256
Northwest Natural Gas Co.			3,667		160,688
Piedmont Natural Gas Co., Inc.			15,429		507,306
Questar Corp.			29,569		719,414
South Jersey Industries, Inc.			3,110		172,885
Southwest Gas Corp.			7,750		367,815
UGI Corp.			16,949		650,672
WGL Holdings, Inc.			6,648		293,177

					5,036,203

Health Care Equipment & Supplies—2.3%
Abaxis, Inc.			2,445		115,697
ABIOMED, Inc.	*		6,733		125,705
Accuray, Inc.	*†		10,434		48,414
Alere, Inc.	*		9,884		252,338
Align Technology, Inc.	*		11,608		388,984
Analogic Corp.			1,810		143,026
AngioDynamics, Inc.	*		14,132		161,529
Antares Pharma, Inc.	*		12,344		44,192
ArthroCare Corp.	*		1,226		42,616
Atrion Corp.			435		83,516
Biolase, Inc.	*†		22,416		89,216
Cantel Medical Corp.			6,766		203,386
Cerus Corp.	*		16,123		71,264
Conceptus, Inc.	*		5,717		138,066
CONMED Corp.			9,592		326,704
Cooper Cos., Inc. (The)			6,675		720,099
CryoLife, Inc.			6,833		41,066
Cutera, Inc.	*		3,098		40,274
Cyberonics, Inc.	*		3,767		176,333
Cynosure, Inc., Class A	*		3,342		87,460
DexCom, Inc.	*		11,213		187,481
Endologix, Inc.	*		14,422		232,915
Greatbatch, Inc.	*		2,283		68,193
Haemonetics Corp.	*		7,678		319,865
HeartWare International, Inc.	*		2,363		208,960
Hill-Rom Holdings, Inc.			7,038		247,878
Hologic, Inc.	*		47,642		1,076,709
ICU Medical, Inc.	*		1,366		80,526
IDEXX Laboratories, Inc.	*		7,681		709,648
Insulet Corp.	*		7,107		183,787
Integra LifeSciences Holdings Corp.	*		2,236		87,226
Invacare Corp.			4,378		57,133
MAKO Surgical Corp.	*†		5,397		60,177
Masimo Corp.			6,826		133,926
Medical Action Industries, Inc.	*		7,146		42,876
Meridian Bioscience, Inc.			6,053		138,129
Merit Medical Systems, Inc.	*		7,183		88,064
Natus Medical, Inc.	*		15,518		208,562
Navidea Biopharmaceuticals, Inc.	*†		24,451		66,262
Neogen Corp.	*		3,093		153,320
NuVasive, Inc.	*		6,151		131,078
NxStage Medical, Inc.	*		12,475		140,718
OraSure Technologies, Inc.	*		7,330		39,582
Orthofix International NV (Netherlands Antilles)	*		2,888		103,593
Palomar Medical Technologies, Inc.	*		2,762		37,259
PhotoMedex, Inc.	*		2,664		42,864
Quidel Corp.	*		10,197		242,179
ResMed, Inc.	†		25,196		1,168,087


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Rochester Medical Corp.	*		5,305	$	77,559
RTI Biologics, Inc.	*		13,504		53,206
Sirona Dental Systems, Inc.	*		8,415		620,438
Spectranetics Corp.	*		8,571		158,821
Staar Surgical Co.	*		13,188		74,248
STERIS Corp.			13,087		544,550
SurModics, Inc.	*		3,217		87,663
Teleflex, Inc.			6,200		523,962
Theragenics Corp.	*		4,088		6,663
ThermoGenesis Corp.	*		1,079		917
Thoratec Corp.	*		9,579		359,212
Volcano Corp.	*		5,711		127,127
West Pharmaceutical Services, Inc.			4,069		264,241
Wright Medical Group, Inc.	*		7,473		177,932

					12,633,421

Health Care Providers & Services—2.6%
Acadia Healthcare Co., Inc.	*		3,343		98,251
Air Methods Corp.			5,548		267,636
Alliance HealthCare Services, Inc.	*		2,164		16,793
Almost Family, Inc.			2,502		51,116
Amedisys, Inc.	*		2,921		32,482
AMN Healthcare Services, Inc.	*		3,864		61,167
Amsurg Corp.	*		3,538		119,018
Bio-Reference Labs, Inc.	*		8,141		211,503
BioScrip, Inc.	*		9,835		125,003
Brookdale Senior Living, Inc.	*		21,979		612,775
Capital Senior Living Corp.	*		9,966		263,401
CardioNet, Inc.	*		8,331		20,244
Catamaran Corp.	*		34,145		1,810,709
Centene Corp.	*		7,045		310,262
Chemed Corp.			2,102		168,118
Chindex International, Inc.	*		5,225		71,791
Community Health Systems, Inc.			12,136		575,125
Cross Country Healthcare, Inc.	*		2,631		13,971
Emeritus Corp.	*		5,975		166,045
Ensign Group, Inc. (The)			3,393		113,326
Five Star Quality Care, Inc.	*		23,205		155,241
Gentiva Health Services, Inc.	*		3,767		40,759
Hanger, Inc.	*		7,988		251,862
HCA Holdings, Inc.			7,601		308,829
Health Management Associates, Inc., Class A	*		41,012		527,824
Health Net, Inc.	*		15,676		448,647
HealthSouth Corp.	*		15,614		411,741
Healthways, Inc.	*		3,517		43,083
Henry Schein, Inc.	*		12,572		1,163,539
IPC The Hospitalist Co., Inc.	*		4,870		216,618
Kindred Healthcare, Inc.	*		6,873		72,373
Landauer, Inc.			1,319		74,365
LHC Group, Inc.	*		8,598		184,771
LifePoint Hospitals, Inc.	*		8,109		392,962
Magellan Health Services, Inc.	*		4,963		236,090
MEDNAX, Inc.	*		8,920		799,500
Molina Healthcare, Inc.	*		3,366		103,908
MWI Veterinary Supply, Inc.	*		1,760		232,778
National Healthcare Corp.			1,078		49,286
National Research Corp.			1,250		72,550
Omnicare, Inc.			14,725		599,602
Owens & Minor, Inc.			7,718		251,298
PDI, Inc.	*		7,448		43,943
PharMerica Corp.	*		5,445		76,230
Providence Service Corp. (The)	*		3,898		72,074
Psychemedics Corp.			3,061		36,518


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Skilled Healthcare Group, Inc., Class A	*		10,902	$	71,626
Team Health Holdings, Inc.	*		9,475		344,701
Triple-S Management Corp., Class B (Puerto Rico)	*		7,729		134,639
U.S. Physical Therapy, Inc.			3,224		86,564
Universal American Corp.			10,462		87,148
Universal Health Services, Inc., Class B			17,064		1,089,878
Vanguard Health Systems, Inc.	*		3,023		44,952
VCA Antech, Inc.	*		11,415		268,138
WellCare Health Plans, Inc.	*		6,643		385,028

					14,487,801

Health Care Technology—0.5%
Allscripts Healthcare Solutions, Inc.	*		39,879		541,956
athenahealth, Inc.	*†		4,838		469,480
Computer Programs & Systems, Inc.			3,593		194,417
HMS Holdings Corp.	*		13,299		361,068
MedAssets, Inc.	*		14,401		277,219
Medidata Solutions, Inc.	*		6,546		379,537
Merge Healthcare, Inc.	*		9,619		27,799
Omnicell, Inc.	*		7,892		149,001
Quality Systems, Inc.			5,804		106,097

					2,506,574

Hotels, Restaurants & Leisure—2.8%
AFC Enterprises, Inc.	*		5,988		217,544
Ambassadors Group, Inc.			2,796		12,051
Ameristar Casinos, Inc.			5,300		139,019
Bally Technologies, Inc.	*		8,445		438,887
Biglari Holdings, Inc.	*		109		40,678
BJ’s Restaurants, Inc.	*		1,320		43,930
Bluegreen Corp.	*		1,800		17,712
Bob Evans Farms, Inc.			2,925		124,663
Boyd Gaming Corp.	*†		9,758		80,699
Brinker International, Inc.			8,138		306,396
Buffalo Wild Wings, Inc.	*		4,069		356,160
Caesars Entertainment Corp.	*†		2,521		39,983
CEC Entertainment, Inc.			2,926		95,826
Cheesecake Factory, Inc. (The)			8,701		335,946
Choice Hotels International, Inc.			7,296		308,694
Churchill Downs, Inc.			1,867		130,765
Cracker Barrel Old Country Store, Inc.			2,879		232,767
DineEquity, Inc.			1,467		100,915
Domino’s Pizza, Inc.			12,378		636,724
Dover Downs Gaming & Entertainment, Inc.			1,687		3,509
Dover Motorsports, Inc.			1,645		3,290
Hyatt Hotels Corp., Class A	*		5,597		241,958
International Speedway Corp., Class A			3,250		106,210
Interval Leisure Group, Inc.			5,696		123,831
Isle of Capri Casinos, Inc.	*		1,251		7,869
Jack in the Box, Inc.	*		8,142		281,632
Jamba, Inc.	*		31,424		89,558
Krispy Kreme Doughnuts, Inc.	*		23,022		332,438
Las Vegas Sands Corp.			70,734		3,985,861
Life Time Fitness, Inc.	*		5,382		230,242
Luby’s, Inc.	*		14,427		107,914
Marcus Corp.			1,805		22,544
Marriott Vacations Worldwide Corp.	*		4,601		197,429
MGM Resorts International	*		65,940		867,111


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Monarch Casino & Resort, Inc.	*		6,897	$	67,108
Morgans Hotel Group Co.	*		14,251		84,366
MTR Gaming Group, Inc.	*		4,525		14,932
Multimedia Games Holding Co., Inc.	*		4,259		88,885
Panera Bread Co., Class A	*		4,389		725,238
Papa John’s International, Inc.	*		2,356		145,648
Penn National Gaming, Inc.	*		13,863		754,563
Pinnacle Entertainment, Inc.	*		14,818		216,639
Red Robin Gourmet Burgers, Inc.	*		1,203		54,857
Royal Caribbean Cruises Ltd.			22,990		763,728
Ruby Tuesday, Inc.	*		20,841		153,598
Scientific Games Corp., Class A	*		13,630		119,263
SHFL Entertainment, Inc.	*		6,463		107,092
Six Flags Entertainment Corp.			6,526		473,004
Sonic Corp.	*		13,814		177,924
Speedway Motorsports, Inc.			1,680		30,223
Texas Roadhouse, Inc.			14,746		297,722
Vail Resorts, Inc.			3,907		243,484
Wendy’s Co. (The)	†		64,355		364,893
WMS Industries, Inc.	*		4,326		109,058

					15,252,980

Household Durables—1.3%
American Greetings Corp., Class A	†		8,927		143,725
Bassett Furniture Industries, Inc.			610		9,736
Beazer Homes USA, Inc.	*†		8,566		135,685
Blyth, Inc.	†		1,754		30,449
Cavco Industries, Inc.	*		1,216		57,845
CSS Industries, Inc.			1,140		29,606
Ethan Allen Interiors, Inc.	†		3,468		114,166
Furniture Brands International, Inc.	*		9,746		9,746
Helen of Troy Ltd. (Bermuda)	*		3,893		149,335
Hooker Furniture Corp.			3,953		63,011
Hovnanian Enterprises, Inc., Class A	*†		32,345		186,631
iRobot Corp.	*		1,752		44,956
Jarden Corp.	*		16,882		723,394
KB Home			9,945		216,503
Kid Brands, Inc.	*		1,157		1,793
La-Z-Boy, Inc.			13,087		246,952
M/I Homes, Inc.	*		1,741		42,567
MDC Holdings, Inc.			5,581		204,544
Meritage Homes Corp.	*		4,845		227,037
Mohawk Industries, Inc.	*		10,355		1,171,358
NACCO Industries, Inc., Class A			441		23,532
NVR, Inc.	*		753		813,323
Ryland Group, Inc. (The)			9,672		402,549
Skyline Corp.	*		918		5,480
Standard Pacific Corp.	*		29,234		252,582
Tempur-Pedic International, Inc.	*		8,386		416,197
Toll Brothers, Inc.	*		19,810		678,294
Tupperware Brands Corp.			8,397		686,371
Universal Electronics, Inc.	*		3,125		72,656

					7,160,023

Household Products—0.5%
Central Garden and Pet Co., Class A	*		2,770		22,770
Church & Dwight Co., Inc.			20,840		1,346,889
Energizer Holdings, Inc.			11,077		1,104,709
Harbinger Group, Inc.	*		22,838		188,642
WD-40 Co.			2,756		150,946

					2,813,956

Independent Power Producers & Energy Traders—0.4%
Atlantic Power Corp.	†		14,820		73,063
Calpine Corp.	*		81,327		1,675,336


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Genie Energy Ltd., Class B			4,871	$	45,106
Ormat Technologies, Inc.			9,093		187,770

					1,981,275

Industrial Conglomerates—0.2%
Carlisle Cos., Inc.			9,558		647,937
Raven Industries, Inc.			10,824		363,794

					1,011,731

Insurance—4.2%
Alleghany Corp.	*		2,882		1,141,041
Alterra Capital Holdings Ltd. (Bermuda)			13,003		409,595
American Equity Investment Life Holding Co.			2,906		43,270
American Financial Group, Inc.			14,479		686,015
American National Insurance Co.			3,719		323,070
American Safety Insurance Holdings Ltd.	*		8,481		211,686
AMERISAFE, Inc.			5,765		204,888
Amtrust Financial Services, Inc.	†		8,704		301,594
Arch Capital Group Ltd. (Bermuda)	*		20,502		1,077,790
Argo Group International Holdings Ltd. (Bermuda)			3,031		125,423
Arthur J. Gallagher & Co.			18,868		779,437
Aspen Insurance Holdings Ltd. (Bermuda)			16,062		619,672
Assured Guaranty Ltd. (Bermuda)			27,034		557,171
Axis Capital Holdings Ltd. (Bermuda)			17,942		746,746
Baldwin & Lyons, Inc., Class B			3,296		78,412
Brown & Brown, Inc.			21,301		682,484
Citizens, Inc.	*†		17,251		144,736
CNA Financial Corp.			4,536		148,282
CNO Financial Group, Inc.			33,835		387,411
Crawford & Co., Class B			3,543		26,891
eHealth, Inc.	*		9,146		163,531
EMC Insurance Group, Inc.			1,041		27,410
Employers Holdings, Inc.			8,216		192,665
Endurance Specialty Holdings Ltd. (Bermuda)			8,343		398,879
Enstar Group Ltd. (Bermuda)	*		1,100		136,719
Erie Indemnity Co., Class A			4,229		319,416
Everest Re Group Ltd. (Bermuda)			7,025		912,267
FBL Financial Group, Inc., Class A			2,268		88,134
Fidelity National Financial, Inc., Class A			39,058		985,433
First American Financial Corp.			13,864		354,502
Hanover Insurance Group, Inc. (The)			4,762		236,576
HCC Insurance Holdings, Inc.			17,374		730,229
Hilltop Holdings, Inc.	*		18,258		246,300
Horace Mann Educators Corp.			11,542		240,651
Independence Holding Co.			6,525		66,425
Infinity Property & Casualty Corp.			1,280		71,936
Kansas City Life Insurance Co.			1,203		47,073
Kemper Corp.			11,715		382,026
Markel Corp.	*†		1,345		677,208
MBIA, Inc.	*†		16,677		171,273
Meadowbrook Insurance Group, Inc.			30,802		217,154
Mercury General Corp.			4,554		172,733
Montpelier Re Holdings Ltd. (Bermuda)			11,312		294,678
National Financial Partners Corp.	*		9,598		215,283
Navigators Group, Inc. (The)	*		1,745		102,519


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Old Republic International Corp.			33,631	$	427,450
OneBeacon Insurance Group Ltd., Class A			9,986		135,011
PartnerRe Ltd. (Bermuda)			8,354		777,841
Phoenix Cos., Inc. (The)	*		1,471		45,263
Platinum Underwriters Holdings Ltd. (Bermuda)			5,013		279,776
ProAssurance Corp.			10,096		477,844
Protective Life Corp.			9,843		352,379
Reinsurance Group of America, Inc.			12,541		748,321
RenaissanceRe Holdings Ltd. (Bermuda)			7,766		714,394
RLI Corp.			1,980		142,263
Safety Insurance Group, Inc.			1,536		75,494
Selective Insurance Group, Inc.			9,573		229,848
StanCorp Financial Group, Inc.			10,880		465,229
State Auto Financial Corp.			2,585		45,031
Stewart Information Services Corp.			1,684		42,891
Symetra Financial Corp.			15,274		204,824
United Fire Group, Inc.			2,592		66,018
Validus Holdings Ltd. (Bermuda)			15,825		591,380
W.R. Berkley Corp.			19,012		843,562
White Mountains Insurance Group Ltd.			799		453,129

					23,264,582

Internet & Catalog Retail—0.6%
1-800-Flowers.com, Inc., Class A	*		2,113		10,502
Blue Nile, Inc.	*†		2,444		84,196
dELiA*s, Inc.	*		8,443		8,361
Geeknet, Inc.	*		1,436		21,210
Groupon, Inc.	*†		5,455		33,385
HomeAway, Inc.	*		1,370		44,525
HSN, Inc.			5,105		280,060
Liberty Interactive Corp., Series A	*		82,227		1,758,013
Liberty Ventures, Series A	*		4,111		310,709
Nutrisystem, Inc.			5,029		42,646
Orbitz Worldwide, Inc.	*		11,627		66,390
Overstock.com, Inc.	*†		3,326		40,976
Shutterfly, Inc.	*		6,088		268,907
Valuevision Media, Inc., Class A	*†		34,796		120,394
Vitacost.com, Inc.	*		5,941		42,954

					3,133,228

Internet Software & Services—3.0%
AOL, Inc.	*		14,126		543,710
Autobytel, Inc.	*		951		4,127
Bankrate, Inc.	*†		3,392		40,500
Bazaarvoice, Inc.	*†		13,263		97,085
Blucora, Inc.	*		11,869		183,732
Brightcove, Inc.	*		7,785		48,345
Carbonite, Inc.	*		4,030		44,129
comScore, Inc.	*		6,023		101,066
Constant Contact, Inc.	*		10,251		133,058
Cornerstone OnDemand, Inc.	*		1,360		46,376
CoStar Group, Inc.	*		3,643		398,763
Crexendo, Inc.			1,043		2,743
Dealertrack Technologies, Inc.	*		4,113		120,840
Demandware, Inc.	*		1,692		42,892
Digital River, Inc.	*		5,786		81,814
EarthLink, Inc.			42,332		229,439
Envestnet, Inc.	*		3,202		56,067
Equinix, Inc.	*		6,236		1,348,909
ExactTarget, Inc.	*		6,950		161,727


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Facebook, Inc., Class A	*		211,035	$	5,398,275
IAC/InterActiveCorp			15,369		686,687
Internap Network Services Corp.	*		12,216		114,220
IntraLinks Holdings, Inc.	*		8,850		56,286
Inuvo, Inc.	*		2,034		1,363
Ipass, Inc.	*		24,123		47,764
j2 Global, Inc.			7,537		295,526
Keynote Systems, Inc.			3,262		45,538
Limelight Networks, Inc.	*		6,937		14,290
LinkedIn Corp., Class A	*		14,857		2,615,723
Liquidity Services, Inc.	*†		3,959		118,018
LivePerson, Inc.	*		8,484		115,213
LogMeIn, Inc.	*		6,170		118,587
Marchex, Inc., Class B			2,710		11,409
Move, Inc.	*		14,314		171,052
NIC, Inc.			10,696		204,935
OpenTable, Inc.	*		7,353		463,092
Perficient, Inc.	*		4,400		51,304
Rackspace Hosting, Inc.	*		17,580		887,438
RealNetworks, Inc.	*		4,328		33,369
Responsys, Inc.	*		5,022		44,445
Saba Software, Inc.	*		8,343		66,327
SPS Commerce, Inc.	*		1,081		46,126
Stamps.com, Inc.	*		3,772		94,187
support.com, Inc.	*		4,962		20,741
United Online, Inc.			18,915		114,057
Unwired Planet, Inc.	*		21,687		48,145
ValueClick, Inc.	*		13,525		399,664
Vocus, Inc.	*		4,079		57,718
Web.com Group, Inc.	*		9,045		154,489
WebMD Health Corp.	*		6,687		162,628
XO Group, Inc.	*		3,458		34,580
Yelp, Inc.	*†		1,785		42,322
Zix Corp.	*		18,330		65,621

					16,486,461

IT Services—2.2%
Acxiom Corp.	*		9,001		183,620
Alliance Data Systems Corp.	*		8,712		1,410,386
Booz Allen Hamilton Holding Corp.	†		3,180		42,739
Broadridge Financial Solutions, Inc.			23,680		588,211
CACI International, Inc., Class A	*		4,046		234,142
Cardtronics, Inc.	*		7,775		213,501
Cass Information Systems, Inc.			1,466		61,631
CIBER, Inc.	*		14,012		65,856
Convergys Corp.			18,585		316,503
CoreLogic, Inc.	*		15,057		389,374
CSG Systems International, Inc.	*		4,930		104,467
DST Systems, Inc.			7,845		559,113
Edgewater Technology, Inc.	*		2,568		10,041
Euronet Worldwide, Inc.	*		6,728		177,216
ExlService Holdings, Inc.	*		2,669		87,757
FleetCor Technologies, Inc.	*		5,847		448,289
Forrester Research, Inc.			2,455		77,701
Gartner, Inc.	*		17,701		963,111
Genpact Ltd.			33,812		615,040
Global Cash Access Holdings, Inc.	*		27,153		191,429
Global Payments, Inc.			14,275		708,896
Hackett Group, Inc. (The)			7,902		36,112
Heartland Payment Systems, Inc.			6,660		219,580
Higher One Holdings, Inc.	*†		8,271		73,529
iGATE Corp.	*		2,997		56,374
Jack Henry & Associates, Inc.			12,750		589,177
Lender Processing Services, Inc.			11,943		304,069


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Lionbridge Technologies, Inc.	*		18,369	$	71,088
Management Network Group, Inc.	*		320		1,011
ManTech International Corp., Class A	†		3,037		81,604
MAXIMUS, Inc.			6,111		488,697
ModusLink Global Solutions, Inc.	*		10,739		35,439
MoneyGram International, Inc.	*		11,866		214,775
NCI, Inc., Class A	*		1,956		9,467
NeuStar, Inc., Class A	*		11,466		533,513
Pfsweb, Inc.	*		1,209		4,848
Sapient Corp.	*		25,306		308,480
StarTek, Inc.	*		1,875		10,969
Sykes Enterprises, Inc.	*		3,519		56,163
Syntel, Inc.			3,095		208,974
TeleTech Holdings, Inc.	*		4,611		97,799
Unisys Corp.	*		7,450		169,488
Vantiv, Inc., Class A	*		10,369		246,160
VeriFone Systems, Inc.	*		18,269		377,803
WEX, Inc.	*		5,323		417,856

					12,061,998

Leisure Equipment & Products—0.4%
Arctic Cat, Inc.	*		1,738		75,951
Brunswick Corp.			10,281		351,816
Callaway Golf Co.			18,335		121,378
JAKKS Pacific, Inc.			3,244		34,029
LeapFrog Enterprises, Inc.	*†		19,865		170,044
Nautilus, Inc.	*		2,480		18,104
Polaris Industries, Inc.			9,967		921,848
Smith & Wesson Holding Corp.	*†		14,267		128,403
Steinway Musical Instruments, Inc.	*		1,536		36,895
Sturm Ruger & Co., Inc.	†		2,146		108,866

					1,967,334

Life Sciences Tools & Services—0.9%
Affymetrix, Inc.	*†		21,563		101,777
Albany Molecular Research, Inc.	*		2,944		30,942
Bio-Rad Laboratories, Inc., Class A	*		2,830		356,580
Bruker Corp.	*		19,689		376,060
Cambrex Corp.	*		6,259		80,053
Charles River Laboratories International, Inc.	*		9,215		407,948
Covance, Inc.	*		8,291		616,187
Enzo Biochem, Inc.	*		6,306		15,891
Furiex Pharmaceuticals, Inc.	*		2,109		79,045
Illumina, Inc.	*†		21,362		1,153,548
Luminex Corp.	*		6,030		99,616
Mettler-Toledo International, Inc.	*		4,614		983,797
PAREXEL International Corp.	*		8,690		343,342
Sequenom, Inc.	*†		27,582		114,465
Techne Corp.			6,204		420,941

					5,180,192

Machinery—3.9%
Actuant Corp., Class A			12,782		391,385
AGCO Corp.			16,605		865,453
Albany International Corp., Class A			7,775		224,698
American Railcar Industries, Inc.			2,303		107,642
Ampco-Pittsburgh Corp.			986		18,645
Astec Industries, Inc.			2,247		78,488
Barnes Group, Inc.			7,403		214,169
Blount International, Inc.	*		13,845		185,246
Briggs & Stratton Corp.			9,174		227,515
Cascade Corp.			1,255		81,550
Chart Industries, Inc.	*		4,867		389,409


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
CIRCOR International, Inc.			1,935	$	82,238
CLARCOR, Inc.			10,000		523,800
Colfax Corp.	*		10,051		467,774
Columbus McKinnon Corp.	*		4,765		91,726
Commercial Vehicle Group, Inc.	*		6,660		51,948
Crane Co.			8,175		456,656
Donaldson Co., Inc.			19,829		717,612
Dynamic Materials Corp.			9,575		166,605
EnPro Industries, Inc.	*		5,844		299,037
ESCO Technologies, Inc.			2,714		110,894
Federal Signal Corp.	*		19,708		160,423
Flow International Corp.	*		9,896		38,693
FreightCar America, Inc.			2,798		61,052
Gardner Denver, Inc.			9,352		702,429
Gorman-Rupp Co. (The)			2,362		70,978
Graco, Inc.			13,302		771,915
Graham Corp.			1,617		40,005
Greenbrier Cos., Inc.	*		4,956		112,551
Harsco Corp.			14,896		368,974
Hurco Cos., Inc.	*		1,248		33,983
Hyster-Yale Materials Handling, Inc.			882		50,353
IDEX Corp.			15,489		827,422
ITT Corp.			14,806		420,935
John Bean Technologies Corp.			5,724		118,773
Kadant, Inc.	*		1,553		38,825
Kaydon Corp.			9,101		232,804
Kennametal, Inc.			13,046		509,316
L.B. Foster Co., Class A			951		42,120
Lincoln Electric Holdings, Inc.			13,869		751,422
Lindsay Corp.	†		969		85,446
Lydall, Inc.	*		2,982		45,774
Manitowoc Co., Inc. (The)			23,699		487,251
Meritor, Inc.	*		20,436		96,662
Middleby Corp.	*		2,361		359,226
Mueller Industries, Inc.			5,751		306,471
Mueller Water Products, Inc., Class A			30,046		178,173
Navistar International Corp.	*†		14,161		489,546
NN, Inc.	*		6,804		64,366
Nordson Corp.			7,420		489,349
Oshkosh Corp.	*		15,173		644,701
RBC Bearings, Inc.	*		6,724		339,965
Sauer-Danfoss, Inc.			3,844		224,605
SPX Corp.			6,887		543,798
Standex International Corp.			1,584		87,468
Tecumseh Products Co., Class A	*		1,703		14,850
Tennant Co.			3,185		154,664
Terex Corp.	*		20,581		708,398
Timken Co.			12,856		727,392
Titan International, Inc.	†		9,793		206,436
Toro Co. (The)			10,316		474,949
Trimas Corp.	*		1,360		44,159
Trinity Industries, Inc.			13,598		616,397
Valmont Industries, Inc.			3,525		554,377
Wabash National Corp.	*		16,414		166,766
WABCO Holdings, Inc.	*		10,736		757,854
Wabtec Corp.			8,747		893,156
Watts Water Technologies, Inc., Class A			7,251		347,975
Woodward, Inc.			9,791		389,290

					21,604,927

Marine—0.2%
Eagle Bulk Shipping, Inc.	*		10,448		36,777


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Genco Shipping & Trading Ltd.	*		24,517	$	70,609
International Shipholding Corp.			724		13,177
Kirby Corp.	*		8,425		647,040
Matson, Inc.			5,685		139,851

					907,454

Media—3.5%
A.H. Belo Corp., Class A			3,861		22,548
AMC Networks, Inc., Class A	*		11,748		742,239
Arbitron, Inc.			3,649		171,029
Belo Corp., Class A			9,503		93,414
Carmike Cinemas, Inc.	*		6,117		110,840
Charter Communications, Inc., Class A	*		9,451		984,605
Cinemark Holdings, Inc.			17,424		512,963
Clear Channel Outdoor Holdings, Inc., Class A	*		16,925		126,768
Crown Media Holdings, Inc., Class A	*†		4,399		9,018
Cumulus Media, Inc., Class A	*†		20,178		68,000
Digital Generation, Inc.	*†		2,455		15,786
DISH Network Corp., Class A			36,416		1,380,166
DreamWorks Animation SKG, Inc., Class A	*		11,561		219,197
Emmis Communications Corp., Class A	*		4,461		7,405
Entercom Communications Corp., Class A	*		1,873		13,935
Entravision Communications Corp., Class A			4,930		15,727
EW Scripps Co. (The), Class A	*		3,000		36,090
Fisher Communications, Inc.			1,113		43,674
Gray Television, Inc.	*		3,878		18,188
Harris Interactive, Inc.	*		10,590		17,791
Harte-Hanks, Inc.			4,646		36,192
John Wiley & Sons, Inc., Class A			8,182		318,771
Journal Communications, Inc., Class A	*		5,969		40,112
Lamar Advertising Co., Class A	*		12,914		627,750
Liberty Global, Inc., Series A	*		24,312		1,784,501
Liberty Media Corp.	*		17,913		1,999,628
LIN TV Corp., Class A	*		2,390		26,266
Lions Gate Entertainment Corp.	*		22,585		536,845
Live Nation Entertainment, Inc.	*		27,818		344,109
Madison Square Garden Co. (The), Class A	*		12,722		732,787
Martha Stewart Living Omnimedia, Class A	*		20,003		52,808
McClatchy Co. (The), Class A	*†		3,506		10,167
Media General, Inc., Class A	*†		1,595		9,474
Meredith Corp.	†		8,290		317,175
Morningstar, Inc.			5,535		387,007
National CineMedia, Inc.			13,811		217,938
New York Times Co. (The), Class A	*		11,654		114,209
Nexstar Broadcasting Group, Inc., Class A			2,492		44,856
Radio Unica Communications Corp.	*‡d		1,900		—
ReachLocal, Inc.	*		2,912		43,564
Regal Entertainment Group, Class A	†		22,336		372,341
Salem Communications Corp., Class A			3,266		25,899
Scholastic Corp.			2,095		55,832
Sinclair Broadcast Group, Inc., Class A			7,563		153,075


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Sirius XM Radio, Inc.	†		789,456	$	2,431,524
Starz - Liberty Capital	*		19,305		427,606
Thomson Reuters Corp.			56,342		1,829,988
Valassis Communications, Inc.	†		8,118		242,485
Value Line, Inc.	†		573		5,398
Virgin Media, Inc.			34,230		1,676,243
World Wrestling Entertainment, Inc., Class A			4,170		36,779

					19,510,712

Metals & Mining—1.5%
AK Steel Holding Corp.	†		13,061		43,232
Allied Nevada Gold Corp.	*		17,040		280,478
AMCOL International Corp.			2,631		79,430
Carpenter Technology Corp.			7,854		387,124
Century Aluminum Co.	*		15,081		116,727
Coeur d’Alene Mines Corp.	*		19,535		368,430
Commercial Metals Co.			16,183		256,501
Compass Minerals International, Inc.			5,527		436,080
Globe Specialty Metals, Inc.			11,348		157,964
Haynes International, Inc.			1,995		110,323
Hecla Mining Co.	†		49,415		195,189
Horsehead Holding Corp.	*		13,896		151,188
Kaiser Aluminum Corp.			2,084		134,731
Materion Corp.			2,925		83,362
McEwen Mining, Inc. (Canada)	*		14,184		40,566
Molycorp, Inc.	*†		22,165		115,258
Olympic Steel, Inc.			3,361		80,328
Reliance Steel & Aluminum Co.			14,046		999,654
Royal Gold, Inc.			11,019		782,680
RTI International Metals, Inc.	*		5,082		161,049
Schnitzer Steel Industries, Inc., Class A			3,033		80,860
Southern Copper Corp.			30,829		1,158,246
Steel Dynamics, Inc.			44,822		711,325
Stillwater Mining Co.	*†		18,728		242,153
SunCoke Energy, Inc.	*		10,927		178,438
Tahoe Resources, Inc.	*		15,705		276,251
Universal Stainless & Alloy Products, Inc.	*		2,058		74,808
Walter Energy, Inc.			10,993		313,301
Worthington Industries, Inc.			8,883		275,195

					8,290,871

Multiline Retail—0.3%
Big Lots, Inc.	*		8,558		301,841
Dillard’s, Inc., Class A			5,249		412,309
Fred’s, Inc., Class A			5,995		82,011
Saks, Inc.	*†		24,378		279,616
Sears Holdings Corp.	*†		12,438		621,527
Tuesday Morning Corp.	*		1,816		14,092

					1,711,396

Multi-Utilities—0.6%
Alliant Energy Corp.			17,817		894,057
Avista Corp.			15,256		418,014
Black Hills Corp.			8,743		385,042
CH Energy Group, Inc.			1,512		98,870
MDU Resources Group, Inc.			33,003		824,745
NorthWestern Corp.			5,455		217,436
Vectren Corp.			15,419		546,141

					3,384,305


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Office Electronics—0.1%
Zebra Technologies Corp., Class A	*		8,701	$	410,078

Oil, Gas & Consumable Fuels—3.7%
Abraxas Petroleum Corp.	*†		30,906		71,393
Adams Resources & Energy, Inc.			1,462		74,562
Alon USA Energy, Inc.			2,360		44,958
Alpha Natural Resources, Inc.	*		38,779		318,376
Apco Oil and Gas International, Inc.			2,488		30,851
Approach Resources, Inc.	*†		11,314		278,438
Arch Coal, Inc.	†		37,708		204,754
Berry Petroleum Co., Class A			8,684		401,982
Bill Barrett Corp.	*†		5,963		120,870
BP Prudhoe Bay Royalty Trust			1,487		124,150
BPZ Resources, Inc.	*		27,149		61,628
Callon Petroleum Co.	*		20,318		75,177
Carrizo Oil & Gas, Inc.	*		8,019		206,650
Cheniere Energy, Inc.	*		36,447		1,020,516
Cimarex Energy Co.			13,393		1,010,368
Clayton Williams Energy, Inc.	*		1,241		54,269
Clean Energy Fuels Corp.	*†		11,637		151,281
Cloud Peak Energy, Inc.	*		12,175		228,646
Comstock Resources, Inc.	*		11,590		188,337
Concho Resources, Inc.	*		14,442		1,407,084
Contango Oil & Gas Co.			2,731		109,486
Continental Resources, Inc.	*		7,807		678,662
Cross Timbers Royalty Trust			1,515		44,299
Crosstex Energy, Inc.			8,856		170,567
Delek US Holdings, Inc.			1,079		42,577
Energen Corp.			10,118		526,237
Energy XXI Bermuda Ltd. (Bermuda)			15,053		409,743
EPL Oil & Gas, Inc.	*		5,691		152,576
EXCO Resources, Inc.	†		39,666		282,819
Forest Oil Corp.	*		19,596		103,075
FX Energy, Inc.	*		20,766		69,774
GMX Resources, Inc.	*†		1,366		2,992
Goodrich Petroleum Corp.	*†		9,150		143,197
Gulfport Energy Corp.	*		11,118		509,538
Halcon Resources Corp.	*		26,292		204,815
Harvest Natural Resources, Inc.	*†		4,175		14,654
HollyFrontier Corp.			30,808		1,585,072
Hugoton Royalty Trust			8,143		75,974
James River Coal Co.	*†		10,211		17,869
Kodiak Oil & Gas Corp.	*		56,931		517,503
Magnum Hunter Resources Corp.	*†		36,378		145,876
McMoRan Exploration Co.	*		27,649		452,061
Northern Oil and Gas, Inc.	*†		10,226		147,050
Oasis Petroleum, Inc.	*		7,445		283,431
PDC Energy, Inc.	*		3,828		189,754
Penn Virginia Corp.			4,723		19,081
PetroQuest Energy, Inc.	*		13,685		60,761
Plains Exploration & Production Co.	*		22,842		1,084,310
PostRock Energy Corp.	*		295		522
Quicksilver Resources, Inc.	*†		22,131		49,795
Renewable Energy Group, Inc.	*		5,520		42,449
Rentech, Inc.			80,188		188,442
Resolute Energy Corp.	*		5,849		67,322
REX American Resources Corp.	*		1,034		22,872
Rex Energy Corp.	*		2,701		44,512
Rosetta Resources, Inc.	*		9,634		458,386
SandRidge Energy, Inc.	*†		80,303		423,197
SemGroup Corp., Class A	*		6,110		316,009


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Ship Finance International Ltd. (Bermuda)	†		7,143	$	126,003
SM Energy Co.			11,352		672,265
Stone Energy Corp.	*		10,027		218,087
Swift Energy Co.	*		5,041		74,657
Syntroleum Corp.	*†		20,762		8,201
Targa Resources Corp.			4,339		294,878
Teekay Corp. (Bermuda)			8,465		304,401
Tengasco, Inc.	*		9,394		6,107
Ultra Petroleum Corp.	*		30,853		620,145
Uranium Resources, Inc.	*†		10,277		26,617
USEC, Inc.	*†		30,878		11,428
Vaalco Energy, Inc.	*		28,928		219,564
W&T Offshore, Inc.			2,946		41,833
Warren Resources, Inc.	*		23,225		74,552
Western Refining, Inc.			10,435		369,503
Westmoreland Coal Co.	*		4,305		48,905
Whiting Petroleum Corp.	*		20,666		1,050,659
World Fuel Services Corp.			10,762		427,467
ZaZa Energy Corp.	*†		22,201		40,184

					20,367,005

Paper & Forest Products—0.4%
Buckeye Technologies, Inc.			6,973		208,841
Clearwater Paper Corp.	*		3,863		203,541
Deltic Timber Corp.			1,046		71,881
Domtar Corp. (Canada)			4,889		379,484
KapStone Paper and Packaging Corp.			7,086		196,991
Louisiana-Pacific Corp.	*		17,606		380,290
Neenah Paper, Inc.			2,110		64,904
P.H. Glatfelter Co.			13,651		319,160
Schweitzer-Mauduit International, Inc.			3,676		142,372
Wausau Paper Corp.			7,879		84,936

					2,052,400

Personal Products—0.3%
Elizabeth Arden, Inc.	*		3,488		140,392
Herbalife Ltd. (Cayman Islands)	†		15,417		577,367
Mannatech, Inc.	*		263		1,683
Medifast, Inc.	*		6,739		154,458
Nu Skin Enterprises, Inc., Class A			11,273		498,267
Prestige Brands Holdings, Inc.	*		13,428		344,965
Reliv International, Inc.			3,018		4,074
USANA Health Sciences, Inc.	*†		2,706		130,781

					1,851,987

Pharmaceuticals—0.8%
Akorn, Inc.	*		9,982		138,051
Alexza Pharmaceuticals, Inc.	*†		10,270		45,393
Ampio Pharmaceuticals, Inc.	*		10,383		47,450
Auxilium Pharmaceuticals, Inc.	*		12,905		222,998
AVANIR Pharmaceuticals, Inc., Class A	*		57,291		156,977
Biosante Pharmaceuticals, Inc.	*		310		363
Cadence Pharmaceuticals, Inc.	*†		9,924		66,392
Columbia Laboratories, Inc.	*		28,490		16,866
Corcept Therapeutics, Inc.	*		20,997		41,994
Depomed, Inc.	*		27,228		159,828
Durect Corp.	*		7,330		9,749
Endo Health Solutions, Inc.	*		19,228		591,453
Endocyte, Inc.	*		5,585		69,533
Heska Corp.			446		4,134
Hi-Tech Pharmacal Co., Inc.			2,404		79,597


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Impax Laboratories, Inc.	*		9,974	$	153,999
Medicines Co. (The)	*		12,199		407,691
Nektar Therapeutics	*		11,384		125,224
Obagi Medical Products, Inc.	*		4,294		84,807
Optimer Pharmaceuticals, Inc.	*†		5,641		67,128
Pacira Pharmaceuticals, Inc.	*†		3,293		95,036
Pain Therapeutics, Inc.	*		10,298		35,322
Pozen, Inc.	*		5,088		26,814
Questcor Pharmaceuticals, Inc.	†		9,029		293,804
Salix Pharmaceuticals Ltd.	*		8,896		455,297
Santarus, Inc.	*		11,760		203,801
Sciclone Pharmaceuticals, Inc.	*		10,639		48,939
ViroPharma, Inc.	*		12,330		310,223
Vivus, Inc.	*†		16,981		186,791
XenoPort, Inc.	*		16,376		117,088
Zoetis, Inc.	*		9,349		312,257
Zogenix, Inc.	*†		22,351		40,232

					4,615,231

Professional Services—1.3%
Acacia Research Corp.	*		8,726		263,263
Advisory Board Co. (The)	*		4,934		259,134
Barrett Business Services, Inc.			3,976		209,376
CBIZ, Inc.	*		32,523		207,497
CDI Corp.			2,129		36,619
Corporate Executive Board Co. (The)			7,185		417,880
CRA International, Inc.	*		1,427		31,922
Exponent, Inc.			1,790		96,553
FTI Consulting, Inc.	*		9,264		348,882
Heidrick & Struggles International, Inc.			3,000		44,850
Hudson Global, Inc.	*		10,844		42,725
Huron Consulting Group, Inc.	*		3,574		144,104
ICF International, Inc.	*		8,590		233,648
IHS, Inc., Class A	*		9,134		956,512
Insperity, Inc.			3,965		112,487
Kelly Services, Inc., Class A			2,431		45,411
Kforce, Inc.			4,102		67,150
Korn/Ferry International	*		8,421		150,399
Manpower, Inc.			12,007		681,037
Mistras Group, Inc.	*		1,855		44,910
Navigant Consulting, Inc.	*		11,220		147,431
Odyssey Marine Exploration, Inc.	*†		24,771		80,753
On Assignment, Inc.	*		6,494		164,363
Resources Connection, Inc.			3,825		48,577
Towers Watson & Co., Class A			11,096		769,175
TrueBlue, Inc.	*		13,711		289,851
Verisk Analytics, Inc., Class A	*		24,310		1,498,225

					7,392,734

Real Estate Investment Trusts (REITs)—11.0%
Acadia Realty Trust REIT			16,088		446,764
Agree Realty Corp. REIT			6,395		192,489
Alexander’s, Inc. REIT			496		163,526
Alexandria Real Estate Equities, Inc. REIT			10,524		746,994
American Assets Trust, Inc. REIT			5,602		179,320
American Campus Communities, Inc. REIT			20,054		909,248
American Capital Agency Corp. REIT			59,066		1,936,183
Annaly Capital Management, Inc. REIT			173,005		2,749,049


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Anworth Mortgage Asset Corp. REIT			44,342	$	280,685
Apollo Commercial Real Estate Finance, Inc. REIT			9,261		162,901
Apollo Residential Mortgage, Inc. REIT			7,881		175,667
Arbor Realty Trust, Inc. REIT			6,648		52,120
ARMOUR Residential REIT, Inc. REIT	†		61,093		398,937
Ashford Hospitality Trust, Inc. REIT			24,783		306,318
Associated Estates Realty Corp. REIT			14,783		275,555
BioMed Realty Trust, Inc. REIT			25,519		551,210
Brandywine Realty Trust REIT			23,412		347,668
BRE Properties, Inc. REIT			12,917		628,800
Camden Property Trust REIT			14,311		982,879
Campus Crest Communities, Inc. REIT			4,700		65,330
Capital Trust, Inc., Class A REIT			9,337		25,490
CapLease, Inc. REIT			22,151		141,102
Capstead Mortgage Corp. REIT			20,046		256,990
CBL & Associates Properties, Inc. REIT			29,025		684,990
Cedar Realty Trust, Inc. REIT			19,432		118,730
Chesapeake Lodging Trust REIT			8,260		189,484
Chimera Investment Corp. REIT			185,548		591,898
Colonial Properties Trust REIT			17,084		386,269
Colony Financial, Inc. REIT			8,749		194,228
CommonWealth REIT REIT			16,806		377,127
Coresite Realty Corp. REIT			1,230		43,025
Corporate Office Properties Trust REIT			12,130		323,628
Corrections Corp. of America REIT			21,753		849,890
Cousins Properties, Inc. REIT			31,678		338,638
CubeSmart REIT			31,141		492,028
CYS Investments, Inc. REIT			34,604		406,251
DCT Industrial Trust, Inc. REIT			50,665		374,921
DDR Corp. REIT			37,441		652,222
DiamondRock Hospitality Co. REIT			34,477		320,981
Digital Realty Trust, Inc. REIT	†		22,160		1,482,726
Douglas Emmett, Inc. REIT			21,263		530,087
Duke Realty Corp. REIT			57,402		974,686
DuPont Fabros Technology, Inc. REIT			12,750		309,442
Dynex Capital, Inc. REIT			4,692		50,111
EastGroup Properties, Inc. REIT			8,574		499,007
Education Realty Trust, Inc. REIT			33,387		351,565
EPR Properties REIT			9,743		507,123
Equity Lifestyle Properties, Inc. REIT			7,789		598,195
Equity One, Inc. REIT			13,749		329,564
Essex Property Trust, Inc. REIT			6,787		1,021,986
Excel Trust, Inc. REIT			10,445		142,574
Extra Space Storage, Inc. REIT			24,311		954,693
Federal Realty Investment Trust REIT			11,408		1,232,520
FelCor Lodging Trust, Inc. REIT	*		33,618		200,027
First Industrial Realty Trust, Inc. REIT			12,017		205,851
First Potomac Realty Trust REIT			11,442		169,685
Franklin Street Properties Corp. REIT			16,006		234,008


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
General Growth Properties, Inc. REIT			80,675	$	1,603,819
Geo Group, Inc. (The) REIT			12,438		467,918
Getty Realty Corp. REIT			3,716		75,100
Gladstone Commercial Corp. REIT			4,081		79,457
Glimcher Realty Trust REIT			20,964		243,182
Government Properties Income Trust REIT			14,341		368,994
Gramercy Capital Corp. REIT	*		21,078		109,816
Hatteras Financial Corp. REIT			17,493		479,833
Healthcare Realty Trust, Inc. REIT			23,089		655,497
Healthcare Trust of America, Inc., Class A REIT			17,863		209,890
Hersha Hospitality Trust REIT			37,283		217,733
Highwoods Properties, Inc. REIT			11,752		465,027
Home Properties, Inc. REIT			7,075		448,697
Hospitality Properties Trust REIT			20,608		565,484
Hudson Pacific Properties, Inc. REIT			6,840		148,770
Inland Real Estate Corp. REIT			26,549		267,879
Invesco Mortgage Capital, Inc. REIT			20,578		440,163
Investors Real Estate Trust REIT			23,875		235,646
iStar Financial, Inc. REIT	*†		17,809		193,940
Kilroy Realty Corp. REIT			11,191		586,408
Kite Realty Group Trust REIT			22,644		152,621
LaSalle Hotel Properties REIT			14,030		356,081
Lexington Realty Trust REIT			15,470		182,546
Liberty Property Trust REIT			17,811		707,987
LTC Properties, Inc. REIT			6,423		261,609
Macerich Co. (The) REIT			22,318		1,436,833
Mack-Cali Realty Corp. REIT			12,266		350,930
Medical Properties Trust, Inc. REIT			26,987		432,871
MFA Financial, Inc. REIT			55,191		514,380
Mid-America Apartment Communities, Inc. REIT			7,444		514,083
Monmouth Real Estate Investment Corp., Class A REIT			10,886		121,379
National Health Investors, Inc. REIT			3,674		240,463
National Retail Properties, Inc. REIT			18,086		654,171
New York Mortgage Trust, Inc. REIT			5,734		43,234
Newcastle Investment Corp. REIT			24,996		279,205
NorthStar Realty Finance Corp. REIT			20,272		192,179
Omega Healthcare Investors, Inc. REIT	†		19,310		586,252
Parkway Properties, Inc. REIT			10,469		194,200
Pebblebrook Hotel Trust REIT			10,083		260,041
Pennsylvania Real Estate Investment Trust REIT			9,401		182,285
PennyMac Mortgage Investment Trust REIT			17,296		447,793
Piedmont Office Realty Trust, Inc., Class A REIT			28,141		551,282
Post Properties, Inc. REIT			8,338		392,720
Potlatch Corp. REIT			7,237		331,889
PS Business Parks, Inc. REIT			2,861		225,790
RAIT Financial Trust REIT			25,884		206,295
Ramco-Gershenson Properties Trust REIT			18,567		311,926
Rayonier, Inc. REIT			20,078		1,198,054
Realty Income Corp. REIT	†		29,404		1,333,471
Redwood Trust, Inc. REIT			18,093		419,396
Regency Centers Corp. REIT			15,148		801,481


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Resource Capital Corp. REIT			26,944	$	178,100
RLJ Lodging Trust REIT			12,933		294,355
Rouse Properties, Inc. REIT	†		10,391		188,077
Ryman Hospitality Properties REIT	†		8,002		366,092
Sabra Health Care REIT, Inc. REIT			9,594		278,322
Saul Centers, Inc. REIT			3,363		147,098
Senior Housing Properties Trust REIT			29,177		782,819
Silver Bay Realty Trust Corp. REIT			3,015		62,417
SL Green Realty Corp. REIT			14,534		1,251,523
Sovran Self Storage, Inc. REIT			8,547		551,196
STAG Industrial, Inc. REIT			2,004		42,625
Starwood Property Trust, Inc. REIT			26,919		747,271
Strategic Hotels & Resorts, Inc. REIT	*		30,630		255,761
Summit Hotel Properties, Inc. REIT			7,721		80,839
Sun Communities, Inc. REIT			5,078		250,498
Sunstone Hotel Investors, Inc. REIT	*		15,570		191,667
Tanger Factory Outlet Centers, Inc. REIT			21,379		773,492
Taubman Centers, Inc. REIT			9,275		720,297
Two Harbors Investment Corp. REIT			61,537		775,982
UDR, Inc. REIT			36,857		891,571
UMH Properties, Inc. REIT			6,765		69,477
Universal Health Realty Income Trust REIT			4,320		249,307
Urstadt Biddle Properties, Inc., Class A REIT			9,838		214,075
Washington Real Estate Investment Trust REIT			16,572		461,364
Weingarten Realty Investors REIT			20,384		643,115
Whitestone REIT			4,776		72,309
Winthrop Realty Trust REIT			5,324		66,976

					60,466,710

Real Estate Management & Development—0.7%
Alexander & Baldwin, Inc.	*		6,770		242,028
Brookfield Office Properties, Inc.			49,579		851,271
Consolidated-Tomoka Land Co.			2,685		105,386
Forest City Enterprises, Inc., Class A	*		33,533		595,881
Forestar Group, Inc.	*		8,367		182,903
Howard Hughes Corp. (The)	*		5,484		459,614
Jones Lang LaSalle, Inc.			6,662		662,269
Kennedy-Wilson Holdings, Inc.			6,450		100,040
St. Joe Co. (The)	*†		9,635		204,744
Tejon Ranch Co.	*		4,087		121,711
Thomas Properties Group, Inc.			2,396		12,292
Zillow, Inc., Class A	*†		3,605		197,085

					3,735,224

Road & Rail—1.4%
AMERCO			795		137,964
Arkansas Best Corp.			2,819		32,926
Avis Budget Group, Inc.	*		13,088		364,239
Celadon Group, Inc.			11,882		247,858
Con-way, Inc.			6,152		216,612
Genesee & Wyoming, Inc., Class A	*		8,456		787,338
Heartland Express, Inc.			15,449		206,090
Hertz Global Holdings, Inc.	*		22,711		505,547
J.B. Hunt Transport Services, Inc.			15,006		1,117,647
Kansas City Southern			17,533		1,944,410
Knight Transportation, Inc.			14,495		233,369
Landstar System, Inc.			8,939		510,327
Old Dominion Freight Line, Inc.	*		12,723		486,019


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Quality Distribution, Inc.	*		5,838	$	49,098
Saia, Inc.	*		2,156		77,983
Swift Transportation Co.	*		21,197		300,573
Werner Enterprises, Inc.			11,650		281,231
YRC Worldwide, Inc.	*		17		128

					7,499,359

Semiconductors & Semiconductor Equipment—2.3%
Advanced Energy Industries, Inc.	*		9,964		182,341
Amkor Technology, Inc.	*†		26,356		105,424
ANADIGICS, Inc.	*		15,184		30,368
Applied Micro Circuits Corp.	*		11,626		86,265
Atmel Corp.	*		90,250		628,140
ATMI, Inc.	*		3,386		75,948
Axcelis Technologies, Inc.	*		20,883		26,104
AXT, Inc.	*		5,871		17,261
Brooks Automation, Inc.			9,612		97,850
Cabot Microelectronics Corp.	*		5,893		204,782
Cavium, Inc.	*		11,274		437,544
Ceva, Inc.	*		3,801		59,296
Cirrus Logic, Inc.	*		10,482		238,466
Cohu, Inc.			1,889		17,681
Cree, Inc.	*		14,245		779,344
Cymer, Inc.	*		3,321		319,148
Cypress Semiconductor Corp.	*		21,129		233,053
Diodes, Inc.	*		3,326		69,779
DSP Group, Inc.	*		4,251		34,306
Entegris, Inc.	*		30,372		299,468
Exar Corp.	*		11,699		122,840
Fairchild Semiconductor International, Inc.	*		14,112		199,544
FormFactor, Inc.	*		11,437		53,754
Freescale Semiconductor Ltd.	*		3,012		44,849
GigOptix, Inc.	*		5,164		5,422
GT Advanced Technologies, Inc.	*†		28,398		93,429
Hittite Microwave Corp.	*		6,713		406,539
Integrated Device Technology, Inc.	*		33,005		246,547
Integrated Silicon Solution, Inc.	*		2,930		26,868
International Rectifier Corp.	*		7,620		161,163
Intersil Corp., Class A			13,128		114,345
IXYS Corp.			3,270		31,359
Kopin Corp.	*		10,484		38,791
Kulicke & Soffa Industries, Inc.	*		11,993		138,639
Lattice Semiconductor Corp.	*		16,642		90,699
LTX-Credence Corp.	*		8,847		53,436
Marvell Technology Group Ltd. (Bermuda)			78,244		827,822
Mattson Technology, Inc.	*		11,630		16,049
Maxim Integrated Products, Inc.			31,692		1,034,744
MEMC Electronic Materials, Inc.	*		37,322		164,217
Micrel, Inc.			11,121		116,882
Microsemi Corp.	*		13,240		306,771
Mindspeed Technologies, Inc.	*		9,324		31,049
MKS Instruments, Inc.			4,420		120,224
Monolithic Power Systems, Inc.			2,918		71,112
MoSys, Inc.	*		16,699		78,652
NVE Corp.	*		771		43,500
OmniVision Technologies, Inc.	*		11,385		156,885
ON Semiconductor Corp.	*		65,798		544,807
PDF Solutions, Inc.	*		9,022		144,532
Pericom Semiconductor Corp.	*		5,204		35,439
Photronics, Inc.	*		15,405		102,905
PLX Technology, Inc.	*		17,286		78,824
PMC - Sierra, Inc.	*		56,477		383,479


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Power Integrations, Inc.			4,153	$	180,282
QuickLogic Corp.	*†		14,701		36,164
Rambus, Inc.	*		13,734		77,048
RF Micro Devices, Inc.	*		31,040		165,133
Rudolph Technologies, Inc.	*		2,516		29,638
Semtech Corp.	*		9,874		349,441
Sigma Designs, Inc.	*		8,818		42,944
Silicon Image, Inc.	*		8,359		40,625
Silicon Laboratories, Inc.	*		8,366		346,018
Skyworks Solutions, Inc.	*		30,058		662,178
SunPower Corp.	*†		12,586		145,242
Supertex, Inc.			3,157		70,117
Tessera Technologies, Inc.			6,777		127,069
Transwitch Corp.	*		31,341		15,200
TriQuint Semiconductor, Inc.	*		34,569		174,573
Ultra Clean Holdings, Inc.	*		6,562		42,653
Ultratech, Inc.	*		2,462		97,323
Veeco Instruments, Inc.	*†		5,359		205,410
Volterra Semiconductor Corp.	*		3,597		51,077

					12,886,820

Software—3.6%
Accelrys, Inc.	*		6,341		61,888
ACI Worldwide, Inc.	*		4,103		200,473
Activision Blizzard, Inc.			79,810		1,162,832
Actuate Corp.	*		9,173		55,038
Advent Software, Inc.	*		5,224		146,115
American Software, Inc., Class A			7,072		58,839
ANSYS, Inc.	*		14,258		1,160,886
Aspen Technology, Inc.	*		11,581		373,951
Blackbaud, Inc.			6,583		195,054
Bottomline Technologies de, Inc.	*		7,908		225,457
BroadSoft, Inc.	*		2,938		77,769
Cadence Design Systems, Inc.	*		53,095		739,613
Callidus Software, Inc.	*†		14,237		65,063
CommVault Systems, Inc.	*		8,874		727,491
Compuware Corp.	*		23,815		297,688
Comverse, Inc.	*		2,746		76,998
Concur Technologies, Inc.	*†		7,229		496,343
Datawatch Corp.	*		3,500		53,095
Ebix, Inc.	†		3,924		63,647
EPIQ Systems, Inc.			7,191		100,890
Evolving Systems, Inc.			1,123		7,120
FactSet Research Systems, Inc.	†		6,575		608,845
Fair Isaac Corp.			4,616		210,905
FalconStor Software, Inc.	*		8,712		23,348
FleetMatics Group plc (Ireland)	*		1,730		41,953
Fortinet, Inc.	*		23,824		564,152
Informatica Corp.	*		16,262		560,551
Interactive Intelligence Group, Inc.	*		1,644		72,911
Jive Software, Inc.	*		2,621		39,839
Manhattan Associates, Inc.	*		2,125		157,866
Mentor Graphics Corp.			24,604		444,102
MICROS Systems, Inc.	*		11,115		505,844
MicroStrategy, Inc., Class A	*		977		98,755
Netscout Systems, Inc.	*		5,654		138,919
NetSuite, Inc.	*		6,671		534,080
Nuance Communications, Inc.	*		48,468		978,084
Pegasystems, Inc.			2,142		60,147
Progress Software Corp.	*		6,994		159,323
PROS Holdings, Inc.	*		2,944		79,988
PTC, Inc.	*		21,352		544,262
QAD, Inc., Class B			136		1,575
QLIK Technologies, Inc.	*		11,358		293,377


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Qualys, Inc.	*		3,457	$	42,659
RealPage, Inc.	*		7,119		147,435
Rovi Corp.	*		19,181		410,665
SeaChange International, Inc.	*		3,359		39,939
ServiceNow, Inc.	*		1,190		43,078
Smith Micro Software, Inc.	*		2,612		3,448
SolarWinds, Inc.	*		12,146		717,829
Solera Holdings, Inc.			13,734		801,104
Sonic Foundry, Inc.	*		1,155		7,369
Sourcefire, Inc.	*		4,489		265,883
Splunk, Inc.	*		1,114		44,593
Synchronoss Technologies, Inc.	*		5,012		155,522
Synopsys, Inc.	*		21,759		780,713
Take-Two Interactive Software, Inc.	*		23,034		371,999
TeleCommunication Systems, Inc., Class A	*		67,716		151,007
TIBCO Software, Inc.	*		28,166		569,517
TiVo, Inc.	*		29,167		361,379
Tyler Technologies, Inc.	*		5,227		320,206
Ultimate Software Group, Inc.	*		3,872		403,308
VASCO Data Security International, Inc.	*		4,225		35,659
Verint Systems, Inc.	*		4,791		175,111
VirnetX Holding Corp.	*†		7,740		148,376
VMware, Inc., Class A	*		12,235		965,097
Websense, Inc.	*		5,524		82,860
Workday, Inc., Class A	*†		1,785		110,010
Zynga, Inc., Class A	*†		50,088		168,296

					19,788,138

Specialty Retail—3.0%
Aaron’s, Inc.			16,785		481,394
Advance Auto Parts, Inc.			9,160		757,074
Aeropostale, Inc.	*		8,619		117,218
American Eagle Outfitters, Inc.			31,912		596,754
America’s Car-Mart, Inc.	*		1,569		73,335
ANN, Inc.	*		10,541		305,900
Asbury Automotive Group, Inc.	*		5,664		207,812
Ascena Retail Group, Inc.	*		19,188		355,937
Barnes & Noble, Inc.	*†		6,505		107,007
bebe stores, Inc.			9,951		41,496
Big 5 Sporting Goods Corp.			2,416		37,714
Brown Shoe Co., Inc.			5,385		86,160
Buckle, Inc. (The)	†		4,179		194,950
Build-A-Bear Workshop, Inc.	*		5,570		30,022
Cabela’s, Inc.	*		10,417		633,145
Cache, Inc.	*		4,005		16,901
Cato Corp. (The), Class A			4,713		113,772
Chico’s FAS, Inc.			25,064		421,075
Children’s Place Retail Stores, Inc. (The)	*		4,359		195,370
Citi Trends, Inc.	*		8,340		85,318
Coldwater Creek, Inc.	*†		11,782		37,231
Conn’s, Inc.	*		2,180		78,262
Destination Maternity Corp.			2,707		63,344
Destination XL Group, Inc.	*		21,865		111,293
Dick’s Sporting Goods, Inc.			14,247		673,883
DSW, Inc., Class A			3,972		253,414
Finish Line, Inc. (The), Class A			7,061		138,325
Five Below, Inc.	*†		1,038		39,330
Foot Locker, Inc.			23,670		810,461
Genesco, Inc.	*		3,227		193,910
GNC Holdings, Inc., Class A			5,275		207,202
Group 1 Automotive, Inc.			2,367		142,186


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Guess?, Inc.			11,553	$	286,861
Haverty Furniture Cos., Inc.			2,301		47,308
Hibbett Sports, Inc.	*		3,546		199,533
Hot Topic, Inc.			22,025		305,707
Jos A. Bank Clothiers, Inc.	*†		3,491		139,291
Kirkland’s, Inc.	*		2,193		25,132
Lithia Motors, Inc., Class A			3,558		168,934
Lumber Liquidators Holdings, Inc.	*		5,899		414,228
MarineMax, Inc.	*		3,026		41,123
Men’s Wearhouse, Inc. (The)			4,746		158,611
Monro Muffler Brake, Inc.	†		5,955		236,473
Office Depot, Inc.	*		52,060		204,596
OfficeMax, Inc.			6,942		80,597
Pacific Sunwear of California, Inc.	*†		18,790		39,271
Penske Automotive Group, Inc.			7,027		234,421
Pep Boys-Manny, Moe & Jack (The)	*		19,564		230,660
Pier 1 Imports, Inc.			18,210		418,830
RadioShack Corp.	†		19,631		65,960
Rent-A-Center, Inc.			12,187		450,188
Sally Beauty Holdings, Inc.	*		15,792		463,969
Select Comfort Corp.	*		10,528		208,139
Shoe Carnival, Inc.			2,174		44,437
Signet Jewelers Ltd. (Bermuda)			12,825		859,275
Sonic Automotive, Inc., Class A			8,013		177,568
Stage Stores, Inc.			8,324		215,425
Stein Mart, Inc.			14,281		119,675
Systemax, Inc.			1,358		13,444
Tractor Supply Co.			10,938		1,138,974
Ulta Salon Cosmetics & Fragrance, Inc.	*		10,623		862,269
Vitamin Shoppe, Inc.	*		2,327		113,674
West Marine, Inc.	*		6,841		78,193
Wet Seal, Inc. (The), Class A	*		48,869		147,584
Williams-Sonoma, Inc.			13,063		673,006
Zale Corp.	*		12,363		48,587

					16,519,138

Textiles, Apparel & Luxury Goods—0.9%
Carter’s, Inc.	*		9,165		524,880
Cherokee, Inc.			2,054		28,140
Columbia Sportswear Co.	†		2,090		120,969
Crocs, Inc.	*		18,713		277,327
Culp, Inc.			4,887		77,752
Deckers Outdoor Corp.	*†		6,235		347,227
Fifth & Pacific Cos., Inc.	*		16,691		315,126
Forward Industries, Inc.	*		3,751		7,690
Hanesbrands, Inc.	*		16,070		732,149
Iconix Brand Group, Inc.	*		13,558		350,745
Jones Group, Inc. (The)			7,884		100,285
K-Swiss, Inc., Class A	*		10,721		50,818
Maidenform Brands, Inc.	*		3,598		63,073
Movado Group, Inc.			1,527		51,185
Oxford Industries, Inc.			3,507		186,222
Quiksilver, Inc.	*		16,228		98,504
Skechers U.S.A., Inc., Class A	*		7,438		157,314
Steven Madden Ltd.	*		7,089		305,819
True Religion Apparel, Inc.			5,573		145,511
Under Armour, Inc., Class A	*		13,492		690,790
Unifi, Inc.	*		3,223		61,559
Wolverine World Wide, Inc.	†		8,731		387,394

					5,080,479

Thrifts & Mortgage Finance—1.0%
Astoria Financial Corp.			12,205		120,341


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Bank Mutual Corp.			18,221	$	100,762
BankUnited, Inc.			4,652		119,184
BBX Capital Corp., Class A	*		6,764		55,803
Beneficial Mutual Bancorp, Inc.	*		7,279		74,974
Brookline Bancorp, Inc.			10,999		100,531
Capitol Federal Financial, Inc.			29,545		356,608
Dime Community Bancshares, Inc.			3,549		50,964
Doral Financial Corp. (Puerto Rico)	*		70,932		49,986
ESSA Bancorp, Inc.			5,953		64,531
Federal Agricultural Mortgage Corp., Class C			4,576		140,895
Federal Home Loan Mortgage Corp.	*†		43,895		29,721
Federal National Mortgage Association	*†		66,437		45,509
First Financial Holdings, Inc.			3,864		80,989
First Financial Northwest, Inc.	*		4,938		38,566
Flagstar Bancorp, Inc.	*		4,975		69,302
Flushing Financial Corp.			2,981		50,498
Kearny Financial Corp.	*		3,008		30,682
MGIC Investment Corp.	*		12,237		60,573
NASB Financial, Inc.	*		529		11,135
New York Community Bancorp, Inc.	†		65,740		943,369
Northfield Bancorp, Inc.			9,591		108,954
Northwest Bancshares, Inc.			21,039		266,985
OceanFirst Financial Corp.			3,947		56,916
Ocwen Financial Corp.	*		20,639		782,631
Oritani Financial Corp.			13,537		209,688
Provident Financial Services, Inc.			16,334		249,420
Provident New York Bancorp			5,681		51,527
Radian Group, Inc.			23,028		246,630
Riverview Bancorp, Inc.	*		2,602		6,869
TFS Financial Corp.	*		13,499		146,194
Tree.com, Inc.			5,006		92,561
TrustCo Bank Corp NY			10,073		56,207
United Financial Bancorp, Inc.			5,398		82,050
ViewPoint Financial Group, Inc.			6,157		123,817
Walker & Dunlop, Inc.	*		2,337		41,996
Washington Federal, Inc.			19,593		342,877
Westfield Financial, Inc.			8,596		66,877
WSFS Financial Corp.			1,929		93,827

					5,620,949

Tobacco—0.1%
Alliance One International, Inc.	*		28,423		110,566
Universal Corp.	†		3,751		210,206
Vector Group Ltd.			22,944		369,857

					690,629

Trading Companies & Distributors—0.9%
Aceto Corp.			4,950		54,797
Air Lease Corp.			14,248		417,751
Aircastle Ltd.			14,047		192,163
Applied Industrial Technologies, Inc.			8,222		369,990
Beacon Roofing Supply, Inc.	*		11,882		459,358
GATX Corp.			7,003		363,946
H&E Equipment Services, Inc.			2,196		44,798
Houston Wire & Cable Co.			6,215		80,484
Kaman Corp.			2,736		97,046
MSC Industrial Direct Co., Inc., Class A			7,074		606,808
Rush Enterprises, Inc., Class A	*		3,897		93,996
TAL International Group, Inc.			3,773		170,955
Textainer Group Holdings Ltd. (Bermuda)			4,142		163,816


Vantagepoint Mid/Small Company Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
United Rentals, Inc.	*		16,362	$	899,419
Watsco, Inc.			5,106		429,823
WESCO International, Inc.	*		5,516		400,517
Willis Lease Finance Corp.	*		1,234		18,658

					4,864,325

Water Utilities—0.5%
American States Water Co.			3,697		212,836
American Water Works Co., Inc.			28,607		1,185,474
Aqua America, Inc.			27,883		876,641
California Water Service Group			7,860		156,414
Connecticut Water Service, Inc.			3,803		111,162
Middlesex Water Co.			4,246		82,882
SJW Corp.			5,096		135,044

					2,760,453

Wireless Telecommunication Services—0.5%
Clearwire Corp., Class A	*		95,077		308,050
Leap Wireless International, Inc.	*†		16,479		97,061
NII Holdings, Inc.	*†		25,758		111,532
NTELOS Holdings Corp.			4,849		62,116
SBA Communications Corp., Class A	*		22,201		1,598,916
Shenandoah Telecommunications Co.	*		2,133		32,486
Telephone & Data Systems, Inc.			9,133		192,432
United States Cellular Corp.	*		1,375		49,500
USA Mobility, Inc.			3,582		47,533

					2,499,626

TOTAL COMMON STOCKS (Cost $411,687,870)					544,246,842

Coupon

Rate

Maturity

Date

Face

Value

U.S. TREASURY OBLIGATIONS—0.0%

U.S. Treasury Bills—0.0%

U.S. Treasury Bill
0.088%
(Cost $264,952)

06/13/2013

‡‡

265,000

264,970

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.
(Cost $–)

*‡d

200

—

MONEY MARKET FUNDS—8.0%

Institutional Money Market Funds—8.0%

Dreyfus Institutional Cash Advantage
Fund, 0.07%

††d

6,600,000


Vantagepoint Mid/Small Company Index Fund
				Shares		Value
MONEY MARKET FUNDS—(Continued)
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%	¥				5,239,850	$	5,239,850
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%	†	†	¥		5,540,482		5,540,482
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.10%	†	†	¥		6,600,000		6,600,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.11%	†	†	¥		6,600,000		6,600,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.13%	†	†	¥		6,600,000		6,600,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.12%	†	†	¥		6,600,000		6,600,000

TOTAL MONEY MARKET FUNDS (Cost $43,780,332)							43,780,332

TOTAL INVESTMENTS—106.9% (Cost $455,733,154)							588,292,144
Other assets less liabilities—(6.9%)							(37,862,834	)

NET ASSETS—100.0%						$	550,429,310

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 March 31, 2013.

‡	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—97.8%
Australia—9.0%
AGL Energy Ltd.			10,276	$	170,101
ALS Ltd.	†		6,710		73,602
Alumina Ltd.	*		44,302		51,437
Amcor Ltd.			22,808		220,976
AMP Ltd.			55,109		300,240
APA Group			15,204		94,598
Asciano Ltd.			17,911		104,497
ASX Ltd.			3,199		120,867
Aurizon Holdings Ltd.			34,844		146,573
Australia & New Zealand Banking Group Ltd.			51,795		1,544,752
Bendigo and Adelaide Bank Ltd.	†		7,833		84,065
BHP Billiton Ltd.			61,150		2,090,421
Boral Ltd.			14,128		72,518
Brambles Ltd.			30,263		268,326
Caltex Australia Ltd.			2,340		52,253
CFS Retail Property Trust Group REIT			37,630		78,884
Coca-Cola Amatil Ltd.			10,987		167,065
Cochlear Ltd.			1,128		80,133
Commonwealth Bank of Australia			30,637		2,176,138
Computershare Ltd.			7,895		84,193
Crown Ltd.			7,902		101,601
CSL Ltd.			9,594		593,020
Dexus Property Group REIT			86,844		94,371
Echo Entertainment Group Ltd.			13,610		49,535
Federation Centres Ltd. REIT			24,782		60,984
Flight Centre Ltd.			1,102		38,690
Fortescue Metals Group Ltd.	†		27,328		113,139
Goodman Group REIT			31,280		156,355
GPT Group REIT			26,811		103,760
Harvey Norman Holdings Ltd.	†		10,998		31,388
Iluka Resources Ltd.	†		7,834		76,998
Incitec Pivot Ltd.			30,893		99,851
Insurance Australia Group Ltd.			39,324		234,594
Leighton Holdings Ltd.			3,007		64,758
Lend Lease Group			9,893		105,536
Macquarie Group Ltd.			6,280		244,303
Metcash Ltd.			16,948		73,243
Mirvac Group REIT			66,062		111,781
National Australia Bank Ltd.			44,249		1,427,745
Newcrest Mining Ltd.			14,274		298,815
Orica Ltd.			7,099		181,467
Origin Energy Ltd.	†		21,052		292,991
OZ Minerals Ltd.	†		5,452		30,435
Qantas Airways Ltd.	*		18,275		34,075
QBE Insurance Group Ltd.			22,473		317,712
Ramsay Health Care Ltd.			2,635		88,689
Rio Tinto Ltd.	†		8,344		500,491
Santos Ltd.			18,716		243,104
Sonic Healthcare Ltd.			7,062		102,758
SP AusNet			35,545		44,356
Stockland REIT			40,548		154,746
Suncorp Group Ltd.			23,971		295,841
Sydney Airport			4,120		14,081
Tabcorp Holdings Ltd.			13,178		44,439
Tatts Group Ltd.			25,618		84,720
Telstra Corp. Ltd.			83,562		392,917
Toll Holdings Ltd.	†		11,947		74,032
Transurban Group			25,336		168,464
Treasury Wine Estates Ltd.	†		12,953		77,001
Wesfarmers Ltd.			19,219		807,018
Westfield Group REIT			40,948		463,944


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Westfield Retail Trust REIT			54,743	$	172,347
Westpac Banking Corp.			58,679		1,888,386
Whitehaven Coal Ltd.			8,680		19,299
Woodside Petroleum Ltd.			12,625		473,199
Woolworths Ltd.			23,526		830,554
WorleyParsons Ltd.			3,966		102,560

					19,961,732

Austria—0.3%
Andritz AG	†		1,416		95,314
Erste Group Bank AG	*		4,329		121,143
IMMOFINANZ AG	*		18,021		68,365
OMV AG			2,885		123,013
Raiffeisen Bank International AG			930		31,711
Telekom Austria AG			4,876		32,023
Verbund AG			1,308		28,419
Vienna Insurance Group AG
Wiener Versicherung Gruppe			661		32,082
Voestalpine AG			2,136		65,733

					597,803

Belgium—1.2%
Ageas			4,246		144,114
Anheuser-Busch InBev NV			15,306		1,521,683
Belgacom SA			2,729		67,938
Colruyt SA			1,329		64,242
Delhaize Group SA			2,014		109,943
Groupe Bruxelles Lambert SA			1,541		118,037
Groupe Bruxelles Lambert SA
STRIP VVPR	*‡d		127		—
KBC Groep NV			4,596		159,362
Solvay SA			1,170		158,765
Telenet Group Holding NV			887		43,941
UCB SA			2,184		139,710
Umicore SA			2,034		95,671

					2,623,406

Bermuda—0.1%
Seadrill Ltd.			6,401		233,274

China—0.0%
Yangzijiang Shipbuilding Holdings Ltd.			34,000		26,724

Denmark—1.1%
A.P. Moller - Maersk A/S, Class A			10		75,025
A.P. Moller - Maersk A/S, Class B			24		188,365
Carlsberg A/S, Class B			2,025		197,426
Coloplast A/S, Class B			2,074		111,756
Danske Bank A/S	*		11,917		213,663
DSV A/S			3,333		80,659
Novo Nordisk A/S, Class B			7,493		1,207,738
Novozymes A/S, Class B			4,407		149,646
TDC A/S			9,968		76,723
Tryg A/S			491		39,715
William Demant Holding A/S	*		482		40,397

					2,381,113

Finland—0.8%
Elisa Oyj	†		2,840		52,851
Fortum Oyj			8,549		172,446
Kesko Oyj, Class B			1,238		38,770
Kone Oyj, Class B			2,894		228,183
Metso Oyj	*		2,323		99,257
Neste Oil Oyj	*		2,187		30,907
Nokia Oyj	†		72,985		237,415


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Nokian Renkaat Oyj			2,146	$	95,740
Orion Oyj, Class B	†		1,755		46,179
Pohjola Bank plc, Class A	†		2,462		36,007
Sampo, Class A			8,061		310,905
Stora Enso Oyj (Registered), Class R			11,073		71,686
UPM-Kymmene Oyj			9,757		109,129
Wartsila Oyj Abp			3,223		145,286

					1,674,761

France—8.8%
Accor SA			2,685		93,382
Aeroports de Paris			550		46,673
Air Liquide SA			5,963		725,278
Alstom SA			4,236		172,779
Arkema SA			1,125		102,521
AtoS			1,027		70,768
AXA SA			33,819		584,438
BNP Paribas SA			19,135		983,875
Bouygues SA			3,588		97,446
Bureau Veritas SA			1,082		134,702
Cap Gemini SA			3,000		136,709
Carrefour SA			11,244		308,010
Casino Guichard Perrachon SA			1,097		115,349
Christian Dior SA			1,006		166,985
Cie de Saint-Gobain			7,428		275,828
Cie Generale de Geophysique - Veritas	*		3,046		68,700
Cie Generale des Etablissements Michelin (Registered)			3,502		293,400
Cie Generale d’Optique Essilor International SA			3,880		431,752
CNP Assurances			2,704		37,160
Credit Agricole SA	*		18,461		152,390
Danone SA			11,055		769,746
Dassault Systemes SA			1,197		138,493
Edenred			3,268		107,103
Electricite de France SA			4,336		83,175
Eurazeo			640		32,499
European Aeronautic Defence and Space Co. NV			8,716		444,240
Eutelsat Communications SA			2,381		83,997
Fonciere Des Regions REIT			530		41,535
France Telecom SA			35,595		360,678
GDF Suez			25,403		488,015
Gecina SA REIT			463		53,799
Groupe Eurotunnel SA			10,656		84,950
ICADE REIT			448		39,214
Iliad SA			432		91,888
Imerys SA			574		37,402
JCDecaux SA			1,204		33,029
Klepierre REIT			1,783		70,115
Lafarge SA			3,533		235,221
Lagardere SCA (Registered)			2,100		77,401
Legrand SA			4,482		195,539
L’Oreal SA			4,645		736,945
LVMH Moet Hennessy Louis
Vuitton SA			4,847		832,762
Natixis			17,002		64,682
Pernod-Ricard SA			4,064		506,528
Peugeot SA	*		3,811		27,640
PPR			1,454		319,775
Publicis Groupe SA			3,449		231,492
Remy Cointreau SA			434		50,187


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Renault SA			3,638	$	228,239
Rexel SA			3,028		66,117
Safran SA			4,367		194,904
Sanofi			22,677		2,312,722
Schneider Electric SA			10,051		735,009
SCOR SE			3,069		88,285
Societe BIC SA			579		67,271
Societe Generale SA	*		13,459		443,110
Sodexo			1,813		168,994
Suez Environnement Co.			5,623		71,700
Technip SA			1,989		204,011
Thales SA			1,704		72,112
Total SA			40,547		1,941,954
Unibail-Rodamco SE (Paris Exchange) REIT			1,769		412,022
Vallourec SA			2,033		97,799
Veolia Environnement SA			6,091		77,182
Vinci SA			8,843		399,153
Vivendi SA			25,335		524,131
Wendel SA			584		61,841
Zodiac Aerospace			664		77,404

					19,480,155

Germany—7.6%
Adidas AG			4,011		416,940
Allianz SE (Registered)			8,693		1,185,049
Axel Springer AG	†		720		31,281
BASF SE			17,498		1,536,369
Bayer AG			15,753		1,628,009
Bayerische Motoren Werke AG			6,334		548,132
Beiersdorf AG			1,956		180,782
Brenntag AG			965		150,894
Celesio AG			1,532		28,824
Commerzbank AG	*†		69,557		102,468
Continental AG			2,045		245,114
Daimler AG (Registered)			17,309		943,986
Deutsche Bank AG (Registered)			17,758		694,272
Deutsche Boerse AG			3,762		228,214
Deutsche Lufthansa AG (Registered)			4,457		87,176
Deutsche Post AG (Registered)			16,956		391,307
Deutsche Telekom AG (Registered)			53,731		568,813
E.ON SE			34,442		602,657
Fraport AG Frankfurt Airport Services Worldwide			626		35,142
Fresenius Medical Care AG & Co. KGaA			3,936		266,125
Fresenius SE & Co. KGaA			2,399		296,414
GEA Group AG			3,459		114,247
Hannover Rueckversicherung SE (Registered)			1,178		92,745
HeidelbergCement AG			2,754		198,583
Henkel AG & Co. KGaA			2,516		198,866
Hochtief AG	*		558		36,384
Hugo Boss AG			447		50,197
Infineon Technologies AG			20,522		162,378
K+S AG			3,306		154,126
Kabel Deutschland Holding AG			1,658		153,072
Lanxess AG			1,593		113,241
Linde AG			3,538		659,050
MAN SE			781		84,149
Merck KGaA			1,192		180,043
Metro AG			2,364		67,290


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Muenchener Rueckversicherungs
AG (Registered)			3,428	$	642,501
RWE AG			9,139		341,167
Salzgitter AG			718		28,856
SAP AG			17,556		1,411,980
Siemens AG (Registered)			15,941		1,718,418
Suedzucker AG			1,523		64,371
ThyssenKrupp AG	*		7,272		148,257
United Internet AG (Registered)			1,672		40,707
Volkswagen AG			564		106,373

					16,934,969

Greece—0.1%
Coca Cola Hellenic Bottling Co. SA	*		3,938		105,580
OPAP SA			4,010		31,586

					137,166

Guernsey, Channel Islands—0.0%
Resolution Ltd.			25,726		106,871

Hong Kong—3.0%
AIA Group Ltd.			229,800		1,010,368
ASM Pacific Technology Ltd.			3,400		37,429
Bank of East Asia Ltd.			23,920		94,634
BOC Hong Kong Holdings Ltd.			68,500		229,107
Cathay Pacific Airways Ltd.			23,000		39,445
Cheung Kong Holdings Ltd.			26,000		385,171
Cheung Kong Infrastructure Holdings Ltd.			9,000		61,847
CLP Holdings Ltd.			33,000		289,290
First Pacific Co. Ltd.			42,000		56,934
Galaxy Entertainment Group Ltd.	*		40,000		167,736
Hang Lung Properties Ltd.			41,000		153,498
Hang Seng Bank Ltd.			14,200		228,157
Henderson Land Development Co. Ltd.			19,000		130,329
HKT Trust/HKT Ltd.			45,000		45,088
Hong Kong & China Gas Co. Ltd.			100,468		293,528
Hong Kong Exchanges and Clearing Ltd.			20,400		348,591
Hopewell Holdings Ltd.			11,000		44,654
Hutchison Whampoa Ltd.			41,000		428,662
Hysan Development Co. Ltd.			12,000		60,750
Kerry Properties Ltd.			13,000		57,868
Li & Fung Ltd.			115,200		159,251
Link (The) REIT			44,500		242,706
MTR Corp. Ltd.			27,000		107,452
New World Development Co. Ltd.			72,900		123,897
Noble Group Ltd.			77,309		76,169
NWS Holdings Ltd.			26,500		47,237
Orient Overseas International Ltd.			3,700		25,060
PCCW Ltd.			84,000		39,025
Power Assets Holdings Ltd.			26,000		245,727
Shangri-La Asia Ltd.			28,000		54,980
Sino Land Co. Ltd.			57,000		97,012
SJM Holdings Ltd.			37,000		92,622
Sun Hung Kai Properties Ltd.			30,000		404,835
Swire Pacific Ltd., Class A			13,500		172,458
Swire Properties Ltd.			23,400		83,223
Wharf Holdings Ltd.			29,637		265,048
Wheelock & Co. Ltd.			17,000		90,769
Wing Hang Bank Ltd.			3,000		31,937


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Yue Yuen Industrial Holdings Ltd.			14,000	$	45,742

					6,568,236

Ireland—0.6%
CRH plc (Dublin Exchange)			13,969		308,457
Elan Corp. plc	*		9,533		110,463
Experian plc			19,411		336,431
Irish Bank Resolution Corp. Ltd.	*‡d		11,206		—
James Hardie Industries plc CDI			8,224		86,272
Kerry Group plc, Class A			2,746		163,720
Shire plc			10,777		328,207

					1,333,550

Israel—0.5%
Bank Hapoalim BM	*		19,313		87,740
Bank Leumi Le-Israel BM	*		22,151		78,336
Bezeq Israeli Telecommunication Corp. Ltd.			33,918		47,074
Delek Group Ltd.			69		19,441
Israel Chemicals Ltd.			8,277		107,254
Israel Corp. Ltd. (The)			39		29,656
Mellanox Technologies Ltd.	*		603		33,369
Mizrahi Tefahot Bank Ltd.	*		2,045		21,848
NICE Systems Ltd.	*		1,005		36,958
Teva Pharmaceutical Industries Ltd.			17,128		680,840

					1,142,516

Italy—1.8%
Assicurazioni Generali SpA			22,422		351,050
Atlantia SpA			6,025		95,426
Banca Monte dei Paschi di Siena SpA	*		100,790		24,057
Banco Popolare SC	*		35,958		45,553
Enel Green Power SpA			32,382		60,856
Enel SpA			126,228		413,893
Eni SpA			48,513		1,086,128
Exor SpA			1,270		35,598
Fiat Industrial SpA			16,181		182,481
Fiat SpA	*		16,765		89,556
Finmeccanica SpA	*		7,508		36,219
Intesa Sanpaolo SpA			188,185		277,272
Intesa Sanpaolo SpA RSP			17,138		21,715
Luxottica Group SpA			3,085		154,897
Mediobanca SpA			9,708		49,624
Pirelli & C. SpA	†		4,877		51,309
Prysmian SpA			3,637		75,037
Saipem SpA			4,854		149,189
Snam SpA			31,117		142,149
Telecom Italia SpA			181,296		127,869
Telecom Italia SpA RSP			105,573		65,089
Terna Rete Elettrica Nazionale SpA			25,185		104,532
UniCredit SpA	*		77,865		334,231
Unione di Banche Italiane ScpA			16,898		62,595

					4,036,325

Japan—21.0%
ABC-Mart, Inc.			600		22,885
Acom Co. Ltd.	*		800		22,907
Advantest Corp.	†		2,800		39,633
Aeon Co. Ltd.			11,700		151,486
Aeon Credit Service Co. Ltd.	†		1,400		39,713
Aeon Mall Co. Ltd.			1,400		42,750
Air Water, Inc.			3,000		41,839


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Aisin Seiki Co. Ltd.			3,700	$	136,388
Ajinomoto Co., Inc.			12,000		176,445
Alfresa Holdings Corp.			700		38,115
All Nippon Airways Co. Ltd.	†		20,000		41,275
Amada Co. Ltd.			7,000		46,560
Aozora Bank Ltd.			21,000		59,392
Asahi Glass Co. Ltd.			20,000		139,307
Asahi Group Holdings Ltd.			7,600		181,736
Asahi Kasei Corp.			23,000		155,439
Asics Corp.			3,000		49,604
Astellas Pharma, Inc.			8,475		457,369
Bank of Kyoto Ltd. (The)			6,000		58,833
Bank of Yokohama Ltd. (The)			22,000		127,639
Benesse Holdings, Inc.			1,300		55,326
Bridgestone Corp.			12,200		410,506
Brother Industries Ltd.			4,600		47,646
Calbee, Inc.			300		23,607
Canon, Inc.			21,600		793,800
Casio Computer Co. Ltd.			4,500		35,195
Central Japan Railway Co.			2,700		285,290
Chiba Bank Ltd. (The)			14,000		100,920
Chiyoda Corp.	†		3,000		33,622
Chubu Electric Power Co., Inc.			12,100		147,368
Chugai Pharmaceutical Co. Ltd.			4,400		98,051
Chugoku Bank Ltd. (The)			3,000		48,566
Chugoku Electric Power Co., Inc. (The)			5,200		67,950
Citizen Holdings Co. Ltd.			4,700		24,065
Coca-Cola West Holdings Co. Ltd.			1,200		20,904
Cosmo Oil Co. Ltd.	*†		12,000		25,391
Credit Saison Co. Ltd.			3,100		77,558
Dai Nippon Printing Co. Ltd.	†		11,000		105,100
Daicel Corp.			5,000		39,136
Daido Steel Co. Ltd.			6,000		32,033
Daihatsu Motor Co. Ltd.			4,000		83,236
Dai-ichi Life Insurance Co. Ltd. (The)			161		216,049
Daiichi Sankyo Co. Ltd.	†		13,002		250,974
Daikin Industries Ltd.	†		4,400		173,161
Dainippon Sumitomo Pharma Co. Ltd.	†		3,000		53,082
Daito Trust Construction Co. Ltd.			1,400		120,141
Daiwa House Industry Co. Ltd.			10,000		195,585
Daiwa Securities Group, Inc.			31,000		219,748
Dena Co. Ltd.	†		2,100		57,260
Denki Kagaku Kogyo K.K.			8,000		28,922
Denso Corp.			9,300		395,143
Dentsu, Inc.	†		3,300		98,558
Don Quijote Co. Ltd.			1,100		48,791
East Japan Railway Co.			6,400		526,827
Eisai Co. Ltd.	†		4,700		210,574
Electric Power Development Co. Ltd.			2,040		51,918
FamilyMart Co. Ltd.			1,200		54,849
FANUC Corp.			3,700		569,691
Fast Retailing Co. Ltd.			1,000		319,787
Fuji Electric Co. Ltd.			10,000		29,409
Fuji Heavy Industries Ltd.			11,000		174,481
FUJIFILM Holdings Corp.	†		8,900		176,542
Fujitsu Ltd.			34,000		142,037
Fukuoka Financial Group, Inc.			14,000		70,197
Furukawa Electric Co. Ltd.	†		12,000		26,595
Gree, Inc.	†		1,800		22,675


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
GS Yuasa Corp.	†		6,000	$	25,145
Gunma Bank Ltd. (The)			8,000		47,778
Hachijuni Bank Ltd. (The)			8,000		47,928
Hakuhodo DY Holdings, Inc.			480		36,938
Hamamatsu Photonics KK			1,400		55,536
Hankyu Hanshin Holdings, Inc.			21,000		126,801
Hino Motors Ltd.			5,000		54,284
Hirose Electric Co. Ltd.			530		69,944
Hiroshima Bank Ltd. (The)			10,000		48,442
Hisamitsu Pharmaceutical Co., Inc.			1,200		65,006
Hitachi Chemical Co. Ltd.			2,300		35,255
Hitachi Construction Machinery Co. Ltd.			1,800		38,738
Hitachi High-Technologies Corp.			1,100		23,004
Hitachi Ltd.			90,000		525,422
Hitachi Metals Ltd.	†		3,000		28,745
Hokkaido Electric Power Co., Inc.	*		3,400		34,773
Hokuriku Electric Power Co.			3,200		39,538
Honda Motor Co. Ltd.			31,100		1,197,676
HOYA Corp.			8,500		160,299
Hulic Co. Ltd.			5,000		41,165
Ibiden Co. Ltd.			2,200		34,479
Idemitsu Kosan Co. Ltd.	†		400		34,896
IHI Corp.			26,000		79,163
INPEX Corp.			43		231,589
Isetan Mitsukoshi Holdings Ltd.	†		6,640		95,991
Isuzu Motors Ltd.			23,000		139,391
ITOCHU Corp.			28,900		355,104
Itochu Techno-Solutions Corp.			600		29,705
Iyo Bank Ltd. (The)			5,000		46,407
J. Front Retailing Co. Ltd.			8,600		67,167
Japan Airlines Co. Ltd.			1,200		55,976
Japan Exchange Group, Inc.			1,000		92,732
Japan Petroleum Exploration Co.			500		19,705
Japan Prime Realty Investment Corp. REIT			16		61,974
Japan Real Estate Investment Corp. REIT			11		152,416
Japan Retail Fund Investment Corp. REIT			41		101,726
Japan Steel Works Ltd. (The)	†		6,000		31,824
Japan Tobacco, Inc.			20,700		662,142
JFE Holdings, Inc.			9,300		180,002
JGC Corp.	†		4,000		102,660
Joyo Bank Ltd. (The)			11,000		61,362
JSR Corp.			3,500		71,740
JTEKT Corp.			4,700		44,515
Jupiter Telecommunications Co. Ltd.			37		48,415
JX Holdings, Inc.			41,710		235,181
Kajima Corp.	†		17,000		46,202
Kamigumi Co. Ltd.			5,000		46,007
Kaneka Corp.			6,000		34,706
Kansai Electric Power Co., Inc. (The)	*		13,700		129,914
Kansai Paint Co. Ltd.			4,000		44,426
Kao Corp.			10,100		326,653
Kawasaki Heavy Industries Ltd.	†		28,000		88,734
KDDI Corp.	†		10,400		434,844
Keikyu Corp.	†		9,000		94,015
Keio Corp.	†		11,000		94,577
Keisei Electric Railway Co. Ltd.			5,000		52,824
Keyence Corp.			872		267,912


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Kikkoman Corp.			3,000	$	52,456
Kinden Corp.			2,000		13,129
Kintetsu Corp.	†		31,000		144,546
Kirin Holdings Co. Ltd.			17,000		273,333
Kobe Steel Ltd.	*		45,000		52,974
Koito Manufacturing Co. Ltd.			2,000		34,533
Komatsu Ltd.			17,500		418,552
Konami Corp.			2,000		40,030
Konica Minolta Holdings, Inc.			8,500		62,333
Kubota Corp.			21,000		304,728
Kuraray Co. Ltd.			6,800		95,889
Kurita Water Industries Ltd.			2,000		44,411
Kyocera Corp.			2,900		266,082
Kyowa Hakko Kirin Co. Ltd.			5,000		56,687
Kyushu Electric Power Co., Inc.	*		8,200		83,605
Lawson, Inc.			1,100		84,460
LIXIL Group Corp.			5,200		103,749
M3, Inc.			12		23,429
Mabuchi Motor Co. Ltd.			400		21,632
Makita Corp.			2,100		93,622
Marubeni Corp.			31,000		237,339
Marui Group Co. Ltd.			4,000		41,542
Maruichi Steel Tube Ltd.			1,000		23,334
Mazda Motor Corp.	*		51,000		150,014
McDonald’s Holdings Co. Japan Ltd.			1,400		37,701
Medipal Holdings Corp.			2,800		39,285
MEIJI Holdings Co. Ltd.	†		1,202		55,150
Miraca Holdings, Inc.			1,000		48,059
Mitsubishi Chemical Holdings Corp.			26,000		123,929
Mitsubishi Corp.			26,900		506,631
Mitsubishi Electric Corp.			37,000		300,993
Mitsubishi Estate Co. Ltd.			24,000		679,857
Mitsubishi Gas Chemical Co., Inc.			7,000		46,361
Mitsubishi Heavy Industries Ltd.			57,000		329,772
Mitsubishi Logistics Corp.	†		2,000		37,098
Mitsubishi Materials Corp.			21,000		59,445
Mitsubishi Motors Corp.	*		72,000		75,281
Mitsubishi Tanabe Pharma Corp.			3,900		59,801
Mitsubishi UFJ Financial Group, Inc.			242,840		1,465,111
Mitsubishi UFJ Lease & Finance Co. Ltd.			11,800		61,834
Mitsui & Co. Ltd.			33,300		469,466
Mitsui Chemicals, Inc.	†		15,000		32,733
Mitsui Fudosan Co. Ltd.			16,000		456,917
Mitsui OSK Lines Ltd.			20,000		66,182
Mizuho Financial Group, Inc.			436,080		935,742
MS&AD Insurance Group Holdings	†		9,774		217,701
Murata Manufacturing Co. Ltd.			3,900		294,878
Nabtesco Corp.	†		2,000		41,063
Namco Bandai Holdings, Inc.			3,150		55,722
NEC Corp.			49,000		130,824
Nexon Co. Ltd.			2,100		20,501
NGK Insulators Ltd.			5,000		53,417
NGK Spark Plug Co. Ltd.			3,000		46,010
NHK Spring Co. Ltd.			3,000		31,409
Nidec Corp.	†		2,000		119,888
Nikon Corp.			6,600		155,471
Nintendo Co. Ltd.			2,000		216,195
Nippon Building Fund, Inc. REIT			13		182,159
Nippon Electric Glass Co. Ltd.			7,500		37,449


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Nippon Express Co. Ltd.			16,000	$	76,716
Nippon Meat Packers, Inc.	†		3,000		48,422
Nippon Paper Group, Inc.	†‡		1,900		28,985
Nippon Steel & Sumitomo Metal Corp.			142,245		362,311
Nippon Telegraph & Telephone Corp.			8,200		358,009
Nippon Yusen K.K.	†		32,000		82,477
Nishi-Nippon City Bank Ltd. (The)			11,000		34,068
Nissan Motor Co. Ltd.			47,600		461,741
Nisshin Seifun Group, Inc.	†		3,200		42,278
Nissin Foods Holdings Co. Ltd.			1,100		50,499
Nitori Holdings Co. Ltd.			700		54,045
Nitto Denko Corp.			3,100		186,658
NKSJ Holdings, Inc.			7,275		153,249
NOK Corp.			2,000		28,934
Nomura Holdings, Inc.			69,600		432,755
Nomura Real Estate Holdings, Inc.			2,500		56,109
Nomura Real Estate Office Fund, Inc. REIT	†		5		36,852
Nomura Research Institute Ltd.			2,150		55,524
NSK Ltd.			8,000		61,066
NTT Data Corp.			22		72,645
NTT DOCOMO, Inc.	†		292		434,078
NTT Urban Development Corp.			24		28,931
Obayashi Corp.			13,000		62,192
Odakyu Electric Railway Co. Ltd.	†		12,000		149,560
Oji Holdings Corp.	†		14,000		52,643
Olympus Corp.	*		3,500		83,052
Omron Corp.			3,900		98,651
Ono Pharmaceutical Co. Ltd.			1,500		92,707
Oracle Corp. Japan			600		27,069
Oriental Land Co. Ltd.			1,000		163,807
ORIX Corp.			19,800		252,806
Osaka Gas Co. Ltd.			34,000		148,684
Otsuka Corp.			300		32,689
Otsuka Holdings Co. Ltd.			7,000		242,966
Panasonic Corp.			42,500		320,037
Park24 Co. Ltd.			2,000		39,156
Rakuten, Inc.	†		13,900		142,158
Resona Holdings, Inc.			35,500		187,444
Ricoh Co. Ltd.	†		12,000		131,010
Rinnai Corp.			600		42,776
Rohm Co. Ltd.			1,700		58,944
Sankyo Co. Ltd.			800		37,457
Sanrio Co. Ltd.			900		39,973
Santen Pharmaceutical Co. Ltd.			1,400		64,752
SBI Holdings, Inc.			3,810		33,835
Secom Co. Ltd.			4,100		211,603
Sega Sammy Holdings, Inc.			3,548		71,228
Sekisui Chemical Co. Ltd.			8,000		88,386
Sekisui House Ltd.			10,000		135,886
Seven & I Holdings Co. Ltd.			14,440		479,113
Seven Bank Ltd.	†		8,900		28,657
Sharp Corp.	*†		20,000		57,223
Shikoku Electric Power Co., Inc.	*†		3,600		51,310
Shimadzu Corp.			5,000		35,526
Shimamura Co. Ltd.			400		46,767
Shimano, Inc.			1,500		122,781
Shimizu Corp.	†		10,000		32,812
Shin-Etsu Chemical Co. Ltd.			7,900		523,950
Shinsei Bank Ltd.	†		30,000		68,937
Shionogi & Co. Ltd.			5,500		111,464


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Shiseido Co. Ltd.	†		6,900	$	96,734
Shizuoka Bank Ltd. (The)			10,000		112,885
Showa Denko K.K.	†		24,000		36,161
Showa Shell Sekiyu K.K.			2,900		20,606
SMC Corp.			1,000		194,188
Softbank Corp.			18,100		833,899
Sojitz Corp.			26,800		42,060
Sony Corp.			19,300		335,836
Sony Financial Holdings, Inc.			3,400		50,853
Stanley Electric Co. Ltd.			2,500		43,372
Sumco Corp.			1,900		21,621
Sumitomo Chemical Co. Ltd.			28,000		88,149
Sumitomo Corp.			21,700		274,465
Sumitomo Electric Industries Ltd.			14,200		174,718
Sumitomo Heavy Industries Ltd.			9,000		35,739
Sumitomo Metal Mining Co. Ltd.			10,000		142,156
Sumitomo Mitsui Financial Group, Inc.			25,600		1,050,237
Sumitomo Mitsui Trust Holdings, Inc.			59,740		284,472
Sumitomo Realty & Development Co. Ltd.			6,500		253,221
Sumitomo Rubber Industries Ltd.			2,900		48,686
Suruga Bank Ltd.			4,000		64,279
Suzuken Co. Ltd.			1,160		42,111
Suzuki Motor Corp.			7,200		161,361
Sysmex Corp.	†		1,300		79,206
T&D Holdings, Inc.	†		11,300		135,340
Taiheiyo Cement Corp.	†		22,000		52,837
Taisei Corp.			20,000		55,650
Taisho Pharmaceutical Holdings Co. Ltd.			690		48,904
Taiyo Nippon Sanso Corp.			5,000		34,819
Takashimaya Co. Ltd.			5,000		49,605
Takeda Pharmaceutical Co. Ltd.			15,120		828,315
TDK Corp.	†		2,200		77,320
Teijin Ltd.			19,000		44,084
Terumo Corp.			2,800		120,516
THK Co. Ltd.			2,000		39,740
Tobu Railway Co. Ltd.			19,000		109,078
Toho Co. Ltd.			2,400		50,172
Toho Gas Co. Ltd.	†		7,000		44,597
Tohoku Electric Power Co., Inc.	*		8,800		70,190
Tokio Marine Holdings, Inc.			13,300		384,774
Tokyo Electric Power Co., Inc.	*		25,200		62,612
Tokyo Electron Ltd.			3,100		132,259
Tokyo Gas Co. Ltd.			46,000		248,655
Tokyu Corp.			22,000		162,746
Tokyu Land Corp.	†		9,000		84,927
TonenGeneral Sekiyu K.K.			5,000		49,581
Toppan Printing Co. Ltd.	†		10,000		72,193
Toray Industries, Inc.			28,000		190,184
Toshiba Corp.			77,000		392,660
TOTO Ltd.	†		5,000		44,921
Toyo Seikan Kaisha Ltd.			2,500		34,573
Toyo Suisan Kaisha Ltd.			2,000		61,739
Toyoda Gosei Co. Ltd.			1,200		28,882
Toyota Boshoku Corp.			1,400		19,822
Toyota Industries Corp.	†		3,000		110,517
Toyota Motor Corp.			52,500		2,707,203
Toyota Tsusho Corp.			3,800		97,414
Trend Micro, Inc.			1,800		50,540
Tsumura & Co.	†		1,000		36,561
Ube Industries Ltd.			19,000		37,536


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Unicharm Corp.	†		2,100	$	119,906
Ushio, Inc.			1,900		19,451
USS Co. Ltd.			460		52,903
West Japan Railway Co.			3,300		158,764
Yahoo! Japan Corp.	†		275		126,863
Yakult Honsha Co. Ltd.	†		1,900		76,708
Yamada Denki Co. Ltd.	†		1,700		77,997
Yamaguchi Financial Group, Inc.			4,000		39,944
Yamaha Corp.			2,700		26,288
Yamaha Motor Co. Ltd.			5,500		74,477
Yamato Holdings Co. Ltd.			6,800		123,342
Yamato Kogyo Co. Ltd.			700		19,195
Yamazaki Baking Co. Ltd.			2,000		26,405
Yaskawa Electric Corp.			4,000		40,305
Yokogawa Electric Corp.			4,300		43,155

					46,430,065

Luxembourg—0.3%
ArcelorMittal			19,271		250,358
Millicom International Cellular SA SDR			1,145		91,482
SES FDR			5,609		175,918
Tenaris SA			8,722		177,625

					695,383

Macau—0.2%
MGM China Holdings Ltd.	†		18,400		39,454
Sands China Ltd.			46,494		241,929
Wynn Macau Ltd.	*		31,256		83,279

					364,662

Malta—0.0%
BGP Holdings plc	*‡d		142,647		—

Mexico—0.0%
Fresnillo plc			3,389		70,096

Netherlands—4.3%
Aegon NV			33,089		199,793
Akzo Nobel NV			4,443		282,292
ASML Holding NV			6,041		406,897
Corio NV REIT			1,203		56,196
D.E. Master Blenders 1753 NV	*		9,912		153,175
Delta Lloyd NV			3,569		61,471
Fugro NV CVA			1,258		69,730
Gemalto NV			1,453		126,843
Heineken Holding NV			1,876		120,373
Heineken NV			4,427		333,912
ING Groep NV CVA	*		73,303		527,447
Koninklijke Ahold NV			19,397		297,362
Koninklijke Boskalis Westminster NV			1,476		58,720
Koninklijke DSM NV			2,908		169,458
Koninklijke KPN NV	†		18,586		62,602
Koninklijke Philips Electronics NV			18,316		541,915
Koninklijke Vopak NV			1,377		83,070
Qiagen NV	*		4,270		89,149
Randstad Holding NV			2,144		88,006
Reed Elsevier NV			13,434		230,308
Royal Dutch Shell plc, Class A			71,162		2,307,308
Royal Dutch Shell plc, Class B			49,908		1,659,694
TNT Express NV			6,778		49,708
Unilever NV CVA			31,052		1,272,311
Wolters Kluwer NV			5,502		120,229


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Ziggo NV			2,402	$	84,515

					9,452,484

New Zealand—0.1%
Auckland International Airport Ltd.			15,970		39,411
Contact Energy Ltd.			7,698		36,727
Fletcher Building Ltd.			12,382		89,009
SKYCITY Entertainment Group Ltd.			12,302		45,453
Telecom Corp of New Zealand Ltd.	†		32,137		63,074

					273,674

Norway—0.7%
Aker Solutions ASA			2,858		53,646
DnB ASA			17,817		262,216
Gjensidige Forsikring ASA			3,525		58,330
Norsk Hydro ASA			18,486		80,483
Orkla ASA			14,754		118,599
Statoil ASA			20,452		499,293
Telenor ASA			12,796		281,744
Yara International ASA			3,530		161,140

					1,515,451

Portugal—0.2%
Banco Espirito Santo SA (Registered)	*		36,677		37,617
EDP - Energias de Portugal SA			36,340		111,987
Galp Energia SGPS SA, Class B			4,839		75,861
Jeronimo Martins SGPS SA			4,265		83,052
Portugal Telecom SGPS SA (Registered)			11,747		58,233

					366,750

Singapore—1.7%
Ascendas Real Estate Investment Trust REIT			35,786		75,197
CapitaCommercial Trust REIT			40,000		51,231
CapitaLand Ltd.			47,500		135,861
CapitaMall Trust REIT			44,000		74,265
CapitaMalls Asia Ltd.			25,000		41,477
City Developments Ltd.			10,000		91,695
ComfortDelGro Corp. Ltd.			37,000		57,094
DBS Group Holdings Ltd.			35,500		459,470
Genting Singapore plc (Registered)			119,000		143,973
Global Logistic Properties Ltd.			40,000		84,947
Golden Agri-Resources Ltd.			136,320		63,792
Hutchison Port Holdings Trust			98,000		83,615
Jardine Cycle & Carriage Ltd.			2,000		82,704
Keppel Corp. Ltd.			27,400		248,206
Keppel Land Ltd.			16,000		51,032
Olam International Ltd.			30,672		42,700
Oversea-Chinese Banking Corp. Ltd.			48,600		418,670
SembCorp Industries Ltd.			18,340		77,006
SembCorp Marine Ltd.			17,000		60,991
Singapore Airlines Ltd.			10,400		91,356
Singapore Exchange Ltd.			17,000		105,904
Singapore Press Holdings Ltd.			31,500		113,950
Singapore Technologies Engineering Ltd.			30,000		104,515
Singapore Telecommunications Ltd.			153,159		444,067


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
StarHub Ltd.			9,730	$	34,205
United Overseas Bank Ltd.			24,000		395,663
UOL Group Ltd.			9,000		50,822
Wilmar International Ltd.			35,000		97,853

					3,782,261

Spain—2.7%
Abertis Infraestructuras SA	†		7,186		121,075
Acciona SA			445		24,364
ACS Actividades de Construccion y Servicios SA			2,822		66,120
Amadeus IT Holding SA, Class A			6,017		163,109
Banco Bilbao Vizcaya Argentaria SA			103,986		907,987
Banco de Sabadell SA	*		51,893		95,552
Banco Popular Espanol SA			97,608		72,580
Banco Santander SA			200,847		1,360,664
Bankia SA	*†		24,671		5,245
CaixaBank			22,115		75,029
CaixaBank	*‡		304		1,031
Distribuidora Internacional de Alimentacion SA			11,166		77,496
Enagas SA			3,380		78,829
Ferrovial SA	†		8,037		127,918
Gas Natural SDG SA			6,293		111,669
Grifols SA	*		2,919		108,418
Iberdrola SA			90,312		422,197
Inditex SA			4,175		556,362
Mapfre SA			14,119		43,877
Red Electrica Corp. SA			1,933		97,348
Repsol SA			15,561		316,137
Telefonica SA			78,119		1,058,400
Zardoya Otis SA			2,829		37,923

					5,929,330

Sweden—3.2%
Alfa Laval AB			6,427		148,368
Assa Abloy AB, Class B			6,339		259,143
Atlas Copco AB, Class A			12,549		357,063
Atlas Copco AB, Class B			7,366		186,627
Boliden AB			5,365		86,665
Electrolux AB, Series B			4,472		113,994
Elekta AB, Class B			7,120		108,003
Getinge AB, Class B			3,729		113,863
Hennes & Mauritz AB, Class B			18,149		649,990
Hexagon AB, Class B			4,418		120,655
Husqvarna AB, Class B	*		7,541		44,610
Industrivarden AB, Class C			2,008		36,627
Investment AB Kinnevik, Class B			4,060		98,560
Investor AB, Class B			8,860		256,290
Lundin Petroleum AB	*		4,363		94,808
Nordea Bank AB			50,360		571,320
Ratos AB, Class B	†		3,896		41,229
Sandvik AB			19,312		297,902
Scania AB, Class B			5,973		125,313
Securitas AB, Class B			5,375		50,653
Skandinaviska Enskilda Banken AB, Class A			27,178		273,323
Skanska AB, Class B			7,247		131,239
SKF AB, Class B			7,245		177,032
Svenska Cellulosa AB, Class B	*		10,775		278,188
Svenska Handelsbanken AB, Class A			9,528		407,524
Swedbank AB, Class A			15,529		353,819


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Swedish Match AB			3,776	$	117,216
Tele2 AB, Class B			5,657		98,672
Telefonaktiebolaget LM Ericsson, Class B			58,138		728,335
TeliaSonera AB			41,666		297,581
Volvo AB, Class B			28,835		420,986

					7,045,598

Switzerland—9.6%
ABB Ltd.	*		41,957		952,493
Actelion Ltd. (Registered)	*		1,983		107,827
Adecco SA (Registered)	*		2,537		139,150
Aryzta AG	*		1,577		93,206
Baloise Holding AG (Registered)			934		87,750
Banque Cantonale Vaudoise			59		32,970
Barry Callebaut AG (Registered)	*		29		27,981
Compagnie Financiere Richemont SA (A Bearer Shares)			9,968		784,798
Credit Suisse Group AG (Registered)	*		23,975		630,560
EMS-Chemie Holding AG			163		49,082
Geberit AG (Registered)	*		694		171,123
Givaudan SA (Registered)	*		156		191,777
Glencore International plc			74,899		406,400
Holcim Ltd. (Registered)	*		4,275		341,470
Julius Baer Group Ltd. (Registered)	*		4,078		158,930
Kuehne + Nagel International AG (Registered)			986		107,649
Lindt & Spruengli AG (Participation Certificates)	*		17		65,463
Lindt & Spruengli AG (Registered)	*		2		90,243
Lonza Group AG (Registered)	*		1,067		69,373
Nestle SA			61,344		4,439,748
Novartis AG (Registered)			43,772		3,119,716
Pargesa Holding SA (Bearer)			467		31,792
Partners Group Holding AG			310		76,557
Roche Holding AG (Genusschein)			13,369		3,116,623
Schindler Holding AG (Participation Certificates)			930		136,408
Schindler Holding AG (Registered)			416		59,364
SGS SA (Registered)			106		260,165
Sika AG			41		99,761
Sonova Holding AG (Registered)	*		950		114,089
STMicroelectronics NV			12,051		93,100
Sulzer AG (Registered)			423		72,384
Swatch Group AG (The) (Bearer)			576		335,807
Swatch Group AG (The) (Registered)			843		85,717
Swiss Life Holding AG (Registered)	*		550		81,759
Swiss Prime Site AG	*		984		79,699
Swiss Re AG	*		6,738		548,757
Swisscom AG (Registered)			441		204,239
Syngenta AG (Registered)			1,779		744,437
Transocean Ltd.	*		6,904		356,689
UBS AG (Registered)			69,447		1,067,902
Wolseley plc			5,330		265,813
Xstrata plc			40,176		654,051


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Zurich Insurance Group AG (Registered)	*		2,814	$	785,527

					21,338,349

United Kingdom—18.9%
3i Group plc			18,061		86,983
Aberdeen Asset Management plc			16,910		110,507
Admiral Group plc			3,873		78,584
Aggreko plc			4,915		133,395
AMEC plc			6,023		96,791
Anglo American plc			26,576		686,278
Antofagasta plc			7,374		110,691
ARM Holdings plc			25,774		363,163
Associated British Foods plc			6,588		190,548
AstraZeneca plc (London Exchange)			23,741		1,190,866
Aviva plc			55,565		251,873
Babcock International Group plc			6,848		113,399
BAE Systems plc			62,408		374,708
Balfour Beatty plc			12,791		45,758
Barclays plc			221,874		987,176
BG Group plc			64,866		1,116,217
BHP Billiton plc			40,269		1,172,703
BP plc			362,870		2,551,704
British American Tobacco plc			36,795		1,973,041
British Land Co. plc REIT			18,256		151,128
British Sky Broadcasting Group plc			20,463		275,041
BT Group plc			150,603		636,084
Bunzl plc			6,300		124,352
Burberry Group plc			8,583		173,763
Capita plc			12,587		172,057
Carnival plc			3,587		125,402
Centrica plc			99,469		556,795
Cobham plc			19,077		70,650
Compass Group plc			35,235		450,981
Croda International plc			2,606		108,851
Diageo plc			47,743		1,504,408
Eurasian Natural Resources Corp. plc			5,413		20,337
Evraz plc			6,518		22,081
G4S plc			26,160		116,244
GKN plc			31,062		125,175
GlaxoSmithKline plc			93,474		2,188,885
Hammerson plc REIT			13,523		101,364
Hargreaves Lansdown plc			4,746		62,752
HSBC Holdings plc (London Exchange)			350,178		3,736,252
ICAP plc			10,005		44,275
IMI plc			6,321		124,780
Imperial Tobacco Group plc			18,863		659,739
Inmarsat plc			8,414		90,077
InterContinental Hotels Group plc			5,112		156,260
International Consolidated Airlines Group SA	*		16,510		63,690
Intertek Group plc			3,089		159,616
Intu Properties plc REIT			11,469		58,420
Invensys plc			15,820		84,727
Investec plc			10,820		75,669
ITV plc			70,847		139,691
J. Sainsbury plc			24,358		140,301
Johnson Matthey plc			3,758		131,834
Kazakhmys plc			4,399		26,323
Kingfisher plc			45,899		201,191


Vantagepoint Overseas Equity Index Fund
		Shares		Value
COMMON STOCKS—(Continued)
Land Securities Group plc REIT			14,432	$	182,183
Legal & General Group plc			109,927		289,277
Lloyds Banking Group plc	*		807,297		601,532
London Stock Exchange Group plc			3,245		64,534
Marks & Spencer Group plc			31,185		184,932
Meggitt plc			15,063		112,705
Melrose Industries plc			21,980		89,019
National Grid plc			69,473		807,260
Next plc			3,155		209,607
Old Mutual plc			91,021		281,233
Pearson plc			15,737		283,159
Petrofac Ltd.			4,967		108,428
Prudential plc			48,819		792,896
Randgold Resources Ltd.			1,601		138,068
Reckitt Benckiser Group plc			12,351		886,772
Reed Elsevier plc			22,675		269,778
Rexam plc			15,339		123,172
Rio Tinto plc			25,559		1,203,842
Rolls-Royce Holdings plc	*		35,808		616,153
Royal Bank of Scotland Group plc	*		39,835		167,393
RSA Insurance Group plc			65,164		115,545
SABMiller plc			18,270		963,665
Sage Group plc (The)			23,587		123,001
Schroders plc			2,042		65,594
Segro plc REIT			12,875		49,871
Serco Group plc			9,088		86,875
Severn Trent plc			4,539		118,276
Smith & Nephew plc			16,612		192,140
Smiths Group plc			7,213		138,144
SSE plc			18,380		415,505
Standard Chartered plc (London Exchange)			45,967		1,193,584
Standard Life plc			45,870		255,744
Subsea 7 SA			5,147		120,963
Tate & Lyle plc			8,867		114,572
Tesco plc			153,495		892,287
TUI Travel plc			9,107		45,179
Tullow Oil plc			16,928		316,888
Unilever plc			24,482		1,035,519
United Utilities Group plc			13,306		143,398
Vedanta Resources plc			2,170		33,295
Vodafone Group plc			936,100		2,656,354
Weir Group plc (The)			4,061		140,107
Whitbread plc			3,345		130,834
Wm Morrison Supermarkets plc			42,420		178,304
WPP plc			23,617		377,424

					41,828,591

United States—0.0%
Sims Metal Management Ltd.			2,663		27,987

TOTAL COMMON STOCKS (Cost $215,123,042)					216,359,282

PREFERRED STOCKS—0.6%
Germany—0.6%
Bayerische Motoren Werke AG			938		60,047
Henkel AG & Co. KGaA			3,425		329,968
Porsche Automobil Holding SE			2,988		218,920
ProSiebenSat.1 Media AG			2,080		74,453
RWE AG			720		25,866


Vantagepoint Overseas Equity Index Fund
	Shares		Value
PREFERRED STOCKS—(Continued)
Volkswagen AG		2,767	$	551,109

TOTAL PREFERRED STOCKS (Cost $921,786)				1,260,363

Coupon

Rate

Maturity

Date

Face

Value

U.S. TREASURY OBLIGATIONS—0.2%

U.S. Treasury Bills—0.2%

U.S. Treasury Bill

0.079%

06/13/2013

(Cost $499,919)

‡

500,000

499,944



		Shares		Value
MONEY MARKET FUNDS—6.9%
Institutional Money Market Funds—6.9%
Dreyfus Institutional Cash Advantage Fund, 0.07%	††¥	1,500,000		1,500,000
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%	¥	7,586,044		7,586,044
Fidelity Institutional Money Market: Money Market Portfolio - Institutional Class, 0.14%	††¥	679,035		679,035
Fidelity Institutional Money Market: Prime Money Market Portfolio - Institutional Class, 0.10%	††¥	1,500,000		1,500,000
Short-Term Investments Trust Liquid Assets Portfolio - Institutional Class, 0.11%	††¥	1,000,000		1,000,000
Wells Fargo Advantage Cash Investment Money Market Fund - Select Class, 0.13%	††¥	1,500,000		1,500,000
Wells Fargo Advantage Heritage Money Market Fund - Select Class, 0.12%	††¥	1,500,000		1,500,000

TOTAL MONEY MARKET FUNDS (Cost $15,265,079)				15,265,079

TOTAL INVESTMENTS—105.5% (Cost $231,809,826)				233,384,668
Other assets less liabilities—(5.5%)				(12,206,440	)

NET ASSETS—100.0%			$	221,178,228


Vantagepoint Overseas Equity Index Fund
Percentage of Portfolio by Industry:

COMMON STOCKS
Commercial Banks	12.8	%
Pharmaceuticals	8.5	%
Oil, Gas & Consumable Fuels	6.3	%
Insurance	4.9	%
Metals & Mining	4.2	%
Food Products	4.2	%
Chemicals	3.5	%
Automobiles	3.2	%
Diversified Telecommunication Services	2.8	%
Machinery	2.8	%
Beverages	2.7	%
Food & Staples Retailing	2.2	%
Real Estate Management & Development	2.1	%
Wireless Telecommunication Services	1.9	%
Capital Markets	1.9	%
Real Estate Investment Trusts (REITs)	1.6	%
Industrial Conglomerates	1.5	%
Tobacco	1.5	%
Electric Utilities	1.5	%
Multi-Utilities	1.4	%
Textiles, Apparel & Luxury Goods	1.4	%
Diversified Financial Services	1.4	%
Media	1.3	%
Electrical Equipment	1.3	%
Hotels, Restaurants & Leisure	1.2	%
Trading Companies & Distributors	1.2	%
Electronic Equipment, Instruments & Components	1.1	%
Road & Rail	1.1	%
Auto Components	1.0	%
Aerospace & Defense	1.0	%
Specialty Retail	0.9	%
Software	0.9	%
Energy Equipment & Services	0.8	%
Health Care Equipment & Supplies	0.7	%
Household Products	0.7	%
Semiconductors & Semiconductor Equipment	0.6	%
Professional Services	0.6	%
Personal Products	0.6	%
Construction Materials	0.6	%
Commercial Services & Supplies	0.6	%
Construction & Engineering	0.6	%
Household Durables	0.5	%
Office Electronics	0.5	%
Multiline Retail	0.5	%
Building Products	0.5	%
Gas Utilities	0.5	%
Communications Equipment	0.4	%
Health Care Providers & Services	0.4	%
Transportation Infrastructure	0.4	%
Biotechnology	0.4	%
Computers & Peripherals	0.4	%
IT Services	0.3	%
Air Freight & Logistics	0.3	%
Marine	0.2	%
Leisure Equipment & Products	0.2	%
Airlines	0.2	%
Containers & Packaging	0.2	%
Internet & Catalog Retail	0.1	%
Consumer Finance	0.1	%
Distributors	0.1	%
Life Sciences Tools & Services	0.1	%
Internet Software & Services	0.1	%
Independent Power Producers & Energy Traders	0.1	%


Vantagepoint Overseas Equity Index Fund
COMMON STOCKS (continued)
Water Utilities	0.1	%
Paper & Forest Products	0.1	%
Health Care Technology	0.0	%
Diversified Consumer Services	0.0	%

	97.8	%
PREFERRED STOCKS
Automobiles	0.4	%
Household Products	0.2	%
Media	0.0	%
Multi-Utilities	0.0	%

	0.6	%

TOTAL COMMON STOCKS/PREFERRED STOCKS	98.4	%

U.S. TREASURY OBLIGATIONS
U.S. Treasury Bills	0.2	%

MONEY MARKET FUNDS
Institutional Money Market Funds	6.9	%

TOTAL INVESTMENTS	105.5	%
Other assets less liabilities	(5.5	)%

TOTAL NET ASSETS	100.0	%


Vantagepoint Model Portfolio Conservative Growth Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Aggressive Opportunities Fund Class T		1,649,606	$	18,986,961
Vantagepoint Core Bond Index Fund Class T		7,242,829		75,615,135
Vantagepoint Diversifying Strategies Fund		11,606,036		119,658,234
Vantagepoint Equity Income Fund Class T		6,938,673		69,456,116
Vantagepoint Growth & Income Fund Class T		4,798,894		56,770,911
Vantagepoint Growth Fund Class T		3,662,294		37,977,994
Vantagepoint Inflation Protected Securities Fund Class T		5,329,572		62,942,241
Vantagepoint International Fund Class T		5,019,698		50,548,362
Vantagepoint Low Duration Bond Fund Class T		11,740,757		119,638,315
Vantagepoint Select Value Fund Class T		1,505,765		18,987,691

				630,581,960

TOTAL INVESTMENTS—100.0% (Cost $559,109,283)				630,581,960
Other assets less liabilities—(0.0%)				(77,876	)

NET ASSETS—100.0%			$	630,504,084


Vantagepoint Model Portfolio Traditional Growth Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Aggressive Opportunities Fund Class T		7,416,271	$	85,361,279
Vantagepoint Core Bond Index Fund Class T		19,001,739		198,378,159
Vantagepoint Discovery Fund Class T		4,333,342		46,150,097
Vantagepoint Diversifying Strategies Fund		22,319,871		230,117,872
Vantagepoint Equity Income Fund Class T		18,536,615		185,551,519
Vantagepoint Growth & Income Fund Class T		15,665,187		185,319,167
Vantagepoint Growth Fund Class T		14,954,189		155,074,936
Vantagepoint Inflation Protected Securities Fund Class T		5,151,465		60,838,798
Vantagepoint International Fund Class T		18,374,241		185,028,608
Vantagepoint Low Duration Bond Fund Class T		11,975,220		122,027,493
Vantagepoint Select Value Fund Class T		6,785,033		85,559,263

				1,539,407,191

TOTAL INVESTMENTS—100.0% (Cost $1,350,873,908)				1,539,407,191
Other assets less liabilities—(0.0%)				(138,273	)

NET ASSETS—100.0%			$	1,539,268,918


Vantagepoint Model Portfolio Long-Term Growth Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Aggressive Opportunities Fund Class T		14,735,305	$	169,603,363
Vantagepoint Core Bond Index Fund Class T		23,832,255		248,808,742
Vantagepoint Discovery Fund Class T		8,351,635		88,944,909
Vantagepoint Diversifying Strategies Fund		22,523,074		232,212,890
Vantagepoint Equity Income Fund Class T		25,801,312		258,271,129
Vantagepoint Growth & Income Fund Class T		21,790,874		257,786,040
Vantagepoint Growth Fund Class T		22,059,229		228,754,207
Vantagepoint International Fund Class T		31,405,604		316,254,427
Vantagepoint Select Value Fund Class T		13,492,711		170,143,080

				1,970,778,787

TOTAL INVESTMENTS—100.0% (Cost $1,714,307,987)				1,970,778,787
Other assets less liabilities—(0.0%)				(185,246	)

NET ASSETS—100.0%			$	1,970,593,541


Vantagepoint Model Portfolio All- Equity Growth Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Aggressive Opportunities Fund Class T		6,393,984	$	73,594,753
Vantagepoint Discovery Fund Class T		6,493,314		69,153,795
Vantagepoint Equity Income Fund Class T		13,888,677		139,025,654
Vantagepoint Growth & Income Fund Class T		11,097,863		131,287,715
Vantagepoint Growth Fund Class T		12,705,017		131,751,025
Vantagepoint International Fund Class T		15,308,387		154,155,460
Vantagepoint Select Value Fund Class T		5,839,545		73,636,661

				772,605,063

TOTAL INVESTMENTS—100.0% (Cost $658,042,898)				772,605,063
Other assets less liabilities—(0.0%)				(87,708	)

NET ASSETS—100.0%			$	772,517,355


Vantagepoint Milestone Retirement Income Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Core Bond Index Fund Class T		2,670,214	$	27,877,035
Vantagepoint Diversifying Strategies Fund		6,001,219		61,872,570
Vantagepoint Equity Income Fund Class T		3,109,402		31,125,113
Vantagepoint Growth & Income Fund Class T		2,632,752		31,145,454
Vantagepoint Inflation Protected Securities Fund Class T		3,927,585		46,384,784
Vantagepoint International Fund Class T		1,542,376		15,531,730
Vantagepoint Low Duration Bond Fund Class T		9,411,953		95,907,798

				309,844,484

TOTAL INVESTMENTS—100.0% (Cost $296,215,158)				309,844,484
Other assets less liabilities—(0.0%)				(53,688	)

NET ASSETS—100.0%			$	309,790,796


Vantagepoint Milestone 2010 Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Core Bond Index Fund Class T		1,776,046	$	18,541,925
Vantagepoint Diversifying Strategies Fund		4,950,745		51,042,182
Vantagepoint Equity Income Fund Class T		4,882,811		48,876,934
Vantagepoint Growth & Income Fund Class T		2,622,266		31,021,405
Vantagepoint Growth Fund Class T		1,773,678		18,393,045
Vantagepoint Inflation Protected Securities Fund Class T		3,579,717		42,276,459
Vantagepoint International Fund Class T		2,458,991		24,762,037
Vantagepoint Low Duration Bond Fund Class T		4,607,023		46,945,566

				281,859,553

TOTAL INVESTMENTS—100.0% (Cost $261,304,643)				281,859,553
Other assets less liabilities—(0.0%)				(52,561	)

NET ASSETS—100.0%			$	281,806,992


Vantagepoint Milestone 2015 Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Core Bond Index Fund Class T		4,153,761	$	43,365,266
Vantagepoint Diversifying Strategies Fund		8,246,803		85,024,536
Vantagepoint Equity Income Fund Class T		9,595,809		96,054,053
Vantagepoint Growth & Income Fund Class T		4,698,620		55,584,672
Vantagepoint Growth Fund Class T		3,670,110		38,059,039
Vantagepoint Inflation Protected Securities Fund Class T		4,797,358		56,656,803
Vantagepoint International Fund Class T		5,158,839		51,949,509
Vantagepoint Low Duration Bond Fund Class T		5,930,373		60,430,504
Vantagepoint Mid/Small Company Index Fund Class T		962,900		17,024,076

				504,148,458

TOTAL INVESTMENTS—100.0% (Cost $451,169,237)				504,148,458
Other assets less liabilities—(0.0%)				(60,462	)

NET ASSETS—100.0%			$	504,087,996


Vantagepoint Milestone 2020 Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Core Bond Index Fund Class T		6,643,198	$	69,354,983
Vantagepoint Diversifying Strategies Fund		8,150,536		84,032,023
Vantagepoint Equity Income Fund Class T		10,986,750		109,977,372
Vantagepoint Growth & Income Fund Class T		5,202,518		61,545,791
Vantagepoint Growth Fund Class T		4,185,621		43,404,886
Vantagepoint Inflation Protected Securities Fund Class T		1,707,934		20,170,698
Vantagepoint International Fund Class T		6,409,582		64,544,489
Vantagepoint Low Duration Bond Fund Class T		4,224,657		43,049,256
Vantagepoint Mid/Small Company Index Fund Class T		2,441,479		43,165,350

				539,244,848

TOTAL INVESTMENTS—100.0% (Cost $473,643,509)				539,244,848
Other assets less liabilities—(0.0%)				(59,353	)

NET ASSETS—100.0%			$	539,185,495


Vantagepoint Milestone 2025 Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Core Bond Index Fund Class T		5,841,272	$	60,982,883
Vantagepoint Diversifying Strategies Fund		5,802,595		59,824,758
Vantagepoint Equity Income Fund Class T		9,784,172		97,939,564
Vantagepoint Growth & Income Fund Class T		4,604,904		54,476,018
Vantagepoint Growth Fund Class T		3,805,643		39,464,522
Vantagepoint International Fund Class T		5,947,084		59,887,139
Vantagepoint Low Duration Bond Fund Class T		1,763,730		17,972,404
Vantagepoint Mid/Small Company Index Fund Class T		2,592,027		45,827,036

				436,374,324

TOTAL INVESTMENTS—100.0% (Cost $376,901,260)				436,374,324
Other assets less liabilities—(0.0%)				(60,185	)

NET ASSETS—100.0%			$	436,314,139


Vantagepoint Milestone 2030 Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Core Bond Index Fund Class T		3,506,673	$	36,609,662
Vantagepoint Diversifying Strategies Fund		3,758,947		38,754,746
Vantagepoint Equity Income Fund Class T		8,249,890		82,581,396
Vantagepoint Growth & Income Fund Class T		4,062,010		48,053,578
Vantagepoint Growth Fund Class T		3,374,596		34,994,561
Vantagepoint International Fund Class T		5,298,890		53,359,819
Vantagepoint Low Duration Bond Fund Class T		551,409		5,618,858
Vantagepoint Mid/Small Company Index Fund Class T		2,596,700		45,909,655

				345,882,275

TOTAL INVESTMENTS—100.0% (Cost $291,962,289)				345,882,275
Other assets less liabilities—(0.0%)				(57,386	)

NET ASSETS—100.0%			$	345,824,889


Vantagepoint Milestone 2035 Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Core Bond Index Fund Class T		1,450,172	$	15,139,800
Vantagepoint Diversifying Strategies Fund		1,669,166		17,209,097
Vantagepoint Equity Income Fund Class T		5,818,117		58,239,351
Vantagepoint Growth & Income Fund Class T		2,854,265		33,765,953
Vantagepoint Growth Fund Class T		2,531,337		26,249,964
Vantagepoint International Fund Class T		3,915,598		39,430,072
Vantagepoint Low Duration Bond Fund Class T		126,153		1,285,499
Vantagepoint Mid/Small Company Index Fund Class T		2,197,523		38,852,198

				230,171,934

TOTAL INVESTMENTS—100.0% (Cost $191,126,310)				230,171,934
Other assets less liabilities—(0.0%)				(50,905	)

NET ASSETS—100.0%			$	230,121,029


Vantagepoint Milestone 2040 Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.0%
Vantagepoint Core Bond Index Fund Class T		1,071,819	$	11,189,787
Vantagepoint Diversifying Strategies Fund		542,032		5,588,350
Vantagepoint Equity Income Fund Class T		5,979,954		59,859,343
Vantagepoint Growth & Income Fund Class T		2,944,688		34,835,653
Vantagepoint Growth Fund Class T		2,677,444		27,765,089
Vantagepoint International Fund Class T		4,117,565		41,463,884
Vantagepoint Mid/Small Company Index Fund Class T		2,467,007		43,616,680

				224,318,786

TOTAL INVESTMENTS—100.0% (Cost $180,896,169)				224,318,786
Other assets less liabilities—(0.0%)				(52,655	)

NET ASSETS—100.0%			$	224,266,131


Vantagepoint Milestone 2045 Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.1%
Vantagepoint Core Bond Index Fund Class T		298,956	$	3,121,103
Vantagepoint Equity Income Fund Class T		1,703,799		17,055,031
Vantagepoint Growth & Income Fund Class T		842,223		9,963,497
Vantagepoint Growth Fund Class T		756,630		7,846,254
Vantagepoint International Fund Class T		1,174,941		11,831,653
Vantagepoint Mid/Small Company Index Fund Class T		704,433		12,454,371

				62,271,909

TOTAL INVESTMENTS—100.1% (Cost $55,244,338)				62,271,909
Other assets less liabilities—(0.1%)				(42,599	)

NET ASSETS—100.0%			$	62,229,310


Vantagepoint Milestone 2050 Fund
	Shares		Value
AFFILIATED MUTUAL FUNDS—100.4%
Vantagepoint Core Bond Index Fund Class T		45,858	$	478,755
Vantagepoint Equity Income Fund Class T		261,482		2,617,431
Vantagepoint Growth & Income Fund Class T		129,192		1,528,344
Vantagepoint Growth Fund Class T		116,063		1,203,571
Vantagepoint International Fund Class T		180,229		1,814,908
Vantagepoint Mid/Small Company Index Fund Class T		108,056		1,910,429

				9,553,438

TOTAL INVESTMENTS—100.4% (Cost $8,927,594)				9,553,438
Other assets less liabilities—(0.4%)				(34,332	)

NET ASSETS—100.0%			$	9,519,106

The Board has established procedures for valuing portfolio securities and other assets (the “Valuation Procedures”). Pursuant to the Valuation Procedures, if market quotations are not readily available (or otherwise reliable) for a particular security or other asset, a Fund must use the fair value of the asset, as determined in good faith by the Board (or its appointee). The Valuation Procedures include guidelines for making fair value determinations (the “Guidelines”). The Board has appointed a pricing committee (the “Pricing Committee”) for the purpose of implementing the Guidelines. The Pricing Committee includes representatives from VIA and officers of the Company. When applicable under the Valuation Procedures, the Pricing Committee is authorized to make all necessary determinations of the fair value of portfolio securities and other assets for which market quotations are not readily available (or otherwise reliable), based on the Guidelines, and reports such determinations to the Board.

The types of securities or other assets for which such fair value pricing may be necessary include, but are not limited to: certain foreign securities, securities of an issuer that has entered into a restructuring; securities whose trading has been halted or suspended; fixed income securities for which there is no current market value quotation; and securities that are restricted as to transfer or resale; and certain derivatives. The need to fair value a Fund’s portfolio securities or other assets may also result from low trading volume in foreign markets or thinly traded domestic securities, such as certain small cap securities. Securities or other assets may also be priced using fair value pricing methods when their closing prices do not reflect their market values at the time a Fund calculates its NAV because an event has occurred since the closing prices were established on the domestic or foreign exchange or market but before the Fund’s NAV calculation.

In making a fair value determination for a given security or asset, the Pricing Committee considers one or more of the following factors regarding the security or other asset, as appropriate: fundamental analytical data relating to the investment in the security; nature and duration of any restriction on the disposition of the security; evaluation of the forces that influence the market in which the security is purchased and sold; type of security or asset; financial statements of issuer; cost at date of purchase; size of holding; discount from market value of unrestricted securities of the same class at the time of purchase; special reports prepared by analysts; information as to any transactions or offers with respect to the security or asset; existence of merger proposals or tender offers affecting the security or asset; price and extent of public trading in similar securities or other instruments of the issuer or comparable companies and other relevant matters; most recent closing market prices; existence of shelf registration for restricted securities; existence of any undertaking to register the security; other acceptable methods of valuing securities or other assets based on: (a) multiple earnings; (b) a discount from market of a similar freely traded security or other instrument; (c) yield to maturity with respect to debt issues; or (d) a combination of these methods; the value of other financial instruments, including derivative securities, traded on other markets or among dealers; trading volumes on markets, exchanges, or among dealers; values of baskets of securities or other instruments traded on other markets, exchanges, or among dealers; changes in interest rates; observations from financial institutions; government (domestic or foreign) actions or pronouncements; other news events and factors; with respect to securities or other instruments traded on foreign markets: (a) the value of foreign securities traded on other foreign markets; (b) ADR trading; (c) closed-end fund trading; (d) foreign currency exchange activity; and (e) the trading prices of financial products that are tied to baskets of foreign securities or other assets; with respect to an emergency or other unusual situation, an evaluation of (a) the nature and duration of the event; (b) the forces influencing the operation of the financial markets; (c) the factors relating to the event that precipitated the problem; (d) whether the event is likely to recur; (e) whether the effects of the event are isolated or whether they affect entire markets, countries, or regions; quotations obtained from one or more broker-dealers of the prices at which they would be willing to buy the security or other asset; and Black-Scholes model for valuing rights, warrants and financial contracts (and similarly structured instruments).

The Pricing Committee reviews its previous fair value determinations on a monthly basis or more frequently as necessary. Fair value processes and controls, and fair value determinations, are subject to review by the Chief Compliance Officer of the Company and by the Board.

Valuing securities or other assets at fair value involves greater reliance on judgment than valuing securities that have readily available (and otherwise reliable) market quotations. There can be no assurance that the Fund could obtain the fair value assigned to a security or instrument if it were to sell the security or other asset at approximately the time at which the Fund determines its NAV per share. As a result, the Fund’s sale or redemption of its shares at NAV, at a time when a holding or holdings are valued at fair value, may have the effect of diluting or increasing the economic interest of existing shareholders.

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.

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 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.

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 fair value 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 fair value 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 fair value 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 fair value 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 fair value 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 fair value 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 fair value 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 or Level 3 in the fair value 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 the Guidelines and is generally categorized as Level 2 or Level 3 in the fair value 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 fair value 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 fair value 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 fair value 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 fair value hierarchy.

The valuation techniques used by the funds to measure fair value during the year-to-date period ended March 31, 2013 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.

The following is a summary of the inputs used as of March 31, 2013, in valuing each fund’s investments carried at value:

See Schedule of Investments for identification of securities by industry classification.

As of March 31, 2013 the funds did not hold any significant investments in Level 3. Additionally, there were no transfers in and out of Levels 1 and 2.

The funds may purchase securities on a when-issued basis. The purchase price and the interest rate payable, if any, on the securities are fixed on the purchase commitment date or at the time the settlement date is fixed. The value of the securities is subject to market fluctuation beginning on the purchase commitment date. Typically, no income accrues on securities that a fund has committed to purchase prior to the time delivery of the securities is made, although the fund may earn income on securities it has segregated to cover these positions.

A TBA is a forward mortgage-backed securities trade. Pass-through securities issued by Freddie Mac, Fannie Mae and Ginnie Mae trade in the TBA market. The term TBA is derived from the fact that the actual mortgage-backed security that will be delivered to fulfill a TBA trade is not designated at the time the trade is made. The securities are “to be announced” 48 hours prior to the established trade settlement date. The fund also relies on the seller to complete the transaction. The seller’s failure to do so may cause the Fund to miss a price or yield considered advantageous to the fund, and a fund bears the risk of loss in the event of the default or bankruptcy of the seller.

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 March 31, 2013, 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 March 31, 2013, 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 March 31, 2013 was as follows:

As of March 31, 2013, 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 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 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 March 31, 2013 was as follows:

As of March 31, 2013, the following fund had open written swaption contracts outstanding:

As of March 31,2013, net unrealized appreciation (depreciation) on investments was as follows:

Certain funds lend securities to approved borrowers to seek to earn additional income. As of March 31, 2013 certain funds had loaned securities, which were collateralized by cash or other forms of collateral at least equal to the market value of the securities loaned as provided for in the Company’s Securities Lending Agency Agreement with JPMorgan Chase Bank, N.A. 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 March 31, 2013, were as follows:

Certain Funds may purchase floating rate loans that are debt securities or other interests issued by companies or other entities with floating interest rates that reset periodically. Most floating rate loans are secured by specific collateral of the borrower and are senior to most other securities of the borrower (e.g., common stock or debt instruments) in the event of bankruptcy. Floating rate loans are often issued in connection with recapitalizations, acquisitions, leveraged buyouts, and refinancings. Floating rate loans are typically structured and administered by a financial institution that acts as the agent of the lenders participating in the floating rate loan. Floating rate loans may be acquired from a lender or through the agent as an assignment from another lender who holds a floating rate loan, or as a participation interest in another lender’s floating rate loan or portion thereof. Investments in floating rate loans have risks that are similar to those of fixed income securities. In addition, floating rate loans carry the risk of impairment of collateral. The value of the collateral securing a floating rate loan can decline, be insufficient to meet the obligations of the borrower, or be difficult to liquidate. As such a floating rate loan may not be fully collateralized and can decline significantly in value. Floating rate loans may also carry liquidity risk. Floating rate loans generally are subject to legal or contractual restrictions on resale. Therefore, the liquidity of floating rate loans, including the volume and frequency of secondary market trading in such loans, varies significantly over time and among individual floating rate loans. If the credit quality of a floating rate loan suffers a significant decline, the secondary trading market for that same loan may also decline, making it more difficult to sell and to value. Difficulty in selling a floating rate loan can result in a loss.

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.

Russell Investment Group is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Russell Investment Group. The Vantagepoint Aggressive Opportunities Fund is not promoted, sponsored or endorsed by, nor in any way affiliated with Russell Investments (“Russell”). Russell is not responsible for and has not reviewed the Vantagepoint Aggressive Opportunities Fund nor any associated literature or publications and Russell makes no representation or warranty, express or implied, as to their accuracy, or completeness, or otherwise.

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.


Level 1—		quoted prices in active markets for identical investments

Level 2—		other significant observable inputs (including quoted prices for similar investments in active markets, interest rates and yield curves, prepayment speeds, credit risks, etc.)

Level 3—		significant unobservable inputs (including the fund’s own assumptions about the assumptions that market participants would use in determining the fair value of investments)


Investment Type	Level 1			Level 2			Level 3		Total
Investments in Securities:
Corporate Obligations	$	—		$	381,131,607		$	—	$	381,131,607
Mortgage-Backed Securities		—			34,823,804			—		34,823,804
U.S. Treasury Obligations		—			62,295,874			—		62,295,874
Government Related Obligations		—			20,748,697			—		20,748,697
Asset-Backed Securities		—			43,539,296			—		43,539,296
Money Market Funds		27,025,553			—			—		27,025,553
Floating Rate Loans		—			1,320,289			—		1,320,289

Total Investments in Securities	$	27,025,553		$	543,859,567		$	—	$	570,885,120

Derivative Instruments:
Assets:
Forward Currency Contracts		—			6,008			—		6,008

Total Assets	$	—		$	6,008		$	—	$	6,008

Liabilities:
Futures		(97,432	)		—			—		(97,432	)
Forward Currency Contracts		—			(42,070	)		—		(42,070	)

Total Liabilities	$	(97,432	)	$	(42,070	)	$	—	$	(139,502	)

Total Derivative Instruments	$	(97,432	)	$	(36,062	)	$	—	$	(133,494	)


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 Depreciation
Sold
7	TSE	Japan 10 Year Bond	June 2013	$	10,846,338	$	(72,274	)
50	CBT	U.S. 5 Year Treasury Note	June 2013		6,202,734		(25,158	)

						$	(97,432	)


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 March 31, 2013		Net Unrealized Appreciation/ (Depreciation)
Sale	Citibank NA	EUR	USD	04/08/2013	$	271,360	$	265,352	$	6,008
Sale	JPMorgan Chase Bank NA	GBP	USD	06/03/2013		2,994,932		3,030,288		(35,356	)
Sale	JPMorgan Chase Bank NA	GBP	USD	06/03/2013		2,965,853		2,972,567		(6,714	)

									$	(36,062	)


Contract Type	Counterparty	Currency to Deliver	In Exchange For	Exchange Date	Foreign Currency Cost/Proceeds (U.S.$)		U.S. Dollar Value at March 31, 2013		Net Unrealized Appreciation/ (Depreciation)
Purchase	Deutsche Bank AG	USD	AUD	04/05/2013	$	17,960,619	$	18,061,562	$	100,943
Purchase	JPMorgan Chase Bank NA	USD	BRL	04/16/2013		183,642		181,833		(1,809	)
Purchase	Deutsche Bank AG	USD	CAD	04/05/2013		16,122,718		16,286,240		163,522
Purchase	Deutsche Bank AG	USD	CHF	04/05/2013		857,018		852,232		(4,787	)
Purchase	Deutsche Bank AG	USD	EUR	04/05/2013		1,675,971		1,668,999		(6,972	)
Purchase	Deutsche Bank AG	USD	GBP	04/05/2013		578,407		578,901		494
Purchase	Deutsche Bank AG	USD	JPY	04/05/2013		2,890,236		2,909,615		19,379
Purchase	Deutsche Bank AG	USD	NZD	04/05/2013		4,562,594		4,627,776		65,182
Purchase	Deutsche Bank AG	USD	SEK	04/05/2013		14,386,612		14,279,466		(107,147	)

									$	228,805

Sale	Deutsche Bank AG	AUD	USD	04/05/2013	$	4,093,712	$	4,086,646	$	7,066
Sale	JPMorgan Chase Bank NA	BRL	USD	04/16/2013		588,121		599,850		(11,728	)
Sale	Deutsche Bank AG	CHF	USD	04/05/2013		816,275		813,457		2,818
Sale	Deutsche Bank AG	EUR	USD	04/05/2013		19,654,125		19,553,759		100,365
Sale	JPMorgan Chase Bank NA	EUR	USD	04/08/2013		1,596,615		1,561,351		35,265
Sale	Deutsche Bank AG	GBP	USD	04/05/2013		25,635,582		25,762,814		(127,231	)
Sale	JPMorgan Chase Bank NA	GBP	USD	04/08/2013		1,569,663		1,587,771		(18,108	)
Sale	JPMorgan Chase Bank NA	GBP	USD	06/03/2013		3,457,307		3,498,121		(40,814	)
Sale	JPMorgan Chase Bank NA	GBP	USD	06/03/2013		1,697,371		1,701,214		(3,843	)
Sale	JPMorgan Chase Bank NA	MXN	USD	04/30/2013		2,559,087		2,646,884		(87,797	)
Sale	Deutsche Bank AG	NOK	USD	04/05/2013		3,966,945		3,963,977		2,969

									$	(141,038	)

									$	87,767


	Call Options						Put Options						Total
	Number of Contracts			Premium			Number of Contracts			Premium			Number of Contracts			Premium
Beginning balance as of 12/31/2012		71		$	44,231			41		$	8,245			112		$	52,476

Written		103			67,847			103			67,382			206			135,229
Closed		(13	)		(9,542	)		(54	)		(16,749	)		(67	)		(26,291	)
Expired		(71	)		(44,231	)		—			—			(71	)		(44,231	)

Ending balance as of 03/31/2013		90		$	58,305			90		$	58,878			180		$	117,183


Option Type	Description	# Contracts	Strike Price	Expiration Date	Unrealized Gain/ (Loss)
Written Call	U.S. 10 Year Treasury Note	90	131.00	4/26/2013	$	(51,383	)
Written Put	U.S. 10 Year Treasury Note	90	129.00	4/26/2013	$	56,065

					$	4,682


	Manage Risk:			Obtain or Adjust Investment Exposure:
Fund	Interest Rate Risk	Credit Risk	Foreign Currency Risk	To Certain Assets or Asset Classes
Low Duration Bond	*	*	*	*
Inflation Protected Securities	*	*	*	*
Discovery	*	*	*	*
Diversifying Strategies	*	*	*	*


Inflation Linked Swaps
	Rates Exchanged
Swap Counterparty	Payments Made By The Fund			Payments Received By The Fund	Termination Date	Notional Amount		Net Unrealized Appreciation/ (Depreciation)
BNP Paribas SA		2.25	%	CPI Urban Consumers NSA	07/15/2017	USD	5,100,000	$	(3,215	)
BNP Paribas SA		2.50	%	CPI Urban Consumers NSA	07/15/2022	USD	3,700,000		(3,183	)
Deutsche Bank AG		2.50	%	CPI Urban Consumers NSA	07/15/2022	USD	700,000		4,491
Royal Bank of Scotland plc		2.25	%	CPI Urban Consumers NSA	07/15/2017	USD	4,200,000		(3	)

								$	(1,910	)


	Manage Risk:		Obtain or Adjust Investment Exposure:
Fund	Interest Rate Risk	Credit Risk	To Certain Assets or Asset Classes
Low Duration Bond	*	*	*
Inflation Protected Securities	*	*	*
Discovery	*	*	*
Diversifying Strategies	*	*	*


	Call Swaptions						Put Swaptions						Total
	Notional Amount			Premium			Notional Amount			Premium			Notional Amount			Premium
Beginning balance as of 12/31/2012	$	21,300,000		$	142,061		$	21,600,000		$	218,680		$	42,900,000		$	360,741

Written		19,400,000			49,160			20,700,000			88,424			40,100,000			137,584
Closed		(27,800,000	)		(144,865	)		(28,100,000	)		(227,641	)		(55,900,000	)		(372,506	)
Expired		—			—			—			—			—			—

Ending balance as of 03/31/2013	$	12,900,000		$	46,356		$	14,200,000		$	79,463		$	27,100,000		$	125,819


Exchange	Counterparty	Contract	Notional Amount		Strike Rate			Expiration Date		Net Unrealized Appreciation
OTC	Goldman Sachs	Call—Interest Rate Swaption	$	5,400,000		1.80	%		7/29/2013	$	5,825
OTC	Goldman Sachs	Put—Interest Rate Swaption		5,400,000		2.65	%		7/29/2013		15,433
OTC	Goldman Sachs	Put—Interest Rate Swaption		3,900,000		1.50	%		4/02/2013		11,604
OTC	Goldman Sachs	Call—Interest Rate Swaption		3,900,000		1.50	%		4/02/2013		7,484
OTC	Morgan Stanley Capital Services	Call—Interest Rate Swaption		3,100,000		1.80	%		7/29/2013		3,819
OTC	Morgan Stanley Capital Services	Put—Interest Rate Swaption		3,100,000		2.65	%		7/29/2013		13,043
OTC	Deutsche Bank AG	Put—Interest Rate Swaption		1,300,000		1.40	%		9/03/2013		229
OTC	Morgan Stanley Capital Services	Call—Interest Rate Swaption		500,000		0.80	%		4/29/2013		154
OTC	Morgan Stanley Capital Services	Put—Interest Rate Swaption		500,000		1.15	%		4/29/2013		164

										$	57,755


Fund	Federal Income Tax Cost		Gross Unrealized Appreciation		Gross Unrealized Depreciation		Tax Basis Net Unrealized Appreciation/ (Depreciation)
Low Duration Bond	$	562,732,953	$	9,001,814	$	849,647	$	8,152,167
Inflation Protected Securities		586,354,599		46,840,686		425,019		46,415,667
Equity Income		1,853,418,678		428,137,057		77,665,851		350,471,206
Growth & Income		1,079,839,638		331,950,849		22,016,388		309,934,461
Growth		1,706,055,312		365,515,219		18,442,017		347,073,202
Select Value		309,267,142		83,218,736		2,515,114		80,703,622
Aggressive Opportunities		973,198,150		189,825,381		21,518,313		168,307,068
Discovery		219,668,515		24,235,997		3,069,645		21,166,352
International		1,247,526,530		226,329,613		52,467,993		173,861,620
Diversifying Strategies		967,206,703		23,585,600		4,313,685		19,271,915
Core Bond Index		1,317,196,549		45,463,067		4,259,852		41,203,215
500 Stock Index		301,019,101		222,238,974		27,884,948		194,354,026
Broad Market Index		381,044,362		304,351,646		58,698,221		245,653,425
Mid/Small Company Index		455,040,077		169,528,014		36,275,947		133,252,067
Overseas Equity Index		234,269,065		36,112,038		36,996,435		(884,397	)
Model Portfolio Conservative Growth		572,486,029		58,095,931		—		58,095,931
Model Portfolio Traditional Growth		1,381,506,240		157,900,951		—		157,900,951
Model Portfolio Long-Term Growth		1,734,412,190		236,366,597		—		236,366,597
Model Portfolio All-Equity Growth		672,517,925		100,087,138		—		100,087,138
Milestone Retirement Income		299,144,247		10,700,237		—		10,700,237
Milestone 2010		264,699,530		17,160,023		—		17,160,023
Milestone 2015		463,670,372		40,478,086		—		40,478,086
Milestone 2020		486,633,974		52,610,874		—		52,610,874
Milestone 2025		386,717,830		49,656,494		—		49,656,494
Milestone 2030		299,654,827		46,227,448		—		46,227,448
Milestone 2035		196,610,641		33,561,293		—		33,561,293
Milestone 2040		187,352,800		36,965,986		—		36,965,986
Milestone 2045		55,249,312		7,031,803		9,206		7,022,597
Milestone 2050		8,928,171		628,872		3,605		625,267


Fund	Securities on Loan		Collateral		Collateralization
Low Duration Bond		17,993,385		18,393,166		102	%
Equity Income		44,040,030		45,244,313		103	%
Growth & Income		12,053,015		12,131,537		101	%
Growth		40,898,922		41,322,170		101	%
Select Value		5,202,266		5,331,143		102	%
Aggressive Opportunities		78,682,944		80,251,753		102	%
Discovery		13,355,936		13,790,953		103	%
International		43,217,753		45,460,364		105	%
Core Bond Index		10,566,550		10,784,896		102	%
500 Stock Index		2,651,529		2,695,178		102	%
Broad Market Index		9,358,211		9,662,121		103	%
Mid/Small Company Index		37,186,817		38,540,482		104	%
Overseas Equity Index		6,808,561		7,679,035		113	%


		The Vantagepoint Funds

By:		/s/ Joan McCallen
		Joan McCallen, Principal Executive Officer

Date		May 30th, 2013