There is no guarantee that the Fund will achieve its investment objective. The Fund’s principal investment risks include Stock Market Risk, Small-Cap Securities Risk, Mid-Cap Securities Risk, Indexing Risk, Large Investor Risk.Please see the Disclosure Memorandum for additional information about the Fund’s risks.For additional information regarding the Fund, including a description of the principal risks, please consult the Vantage Trust Funds Disclosure Memorandum, which is available when you log in at or upon request by calling 800-669-7400.

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The Russell 3000® Index includes, and measures the performance of, the largest 3,000 U. publicly traded companies based on market capitalization, representing a substantial portion of the investable U. Please refer to the underlying fund's disclosure documents for additional information on fund fees and expenses.d.

Differences between the net expense ratio and gross expense ratio of a fund are typically due to fee waivers, expense reimbursements, expense limits, and/or the reimbursement of fees to the fund.

Long-term capital growth by approximating the performance of the Russell 3000® Index.

The Fund invests substantially all of its assets in a single underlying VT III Vantagepoint Fund.

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future.

The performance shown has been annualized for periods greater than one year.It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance.The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.Before investing in the Fund you should carefully consider your investment goals, tolerance for risk, investment time horizon, and personal circumstances.Copyright © 2017 Morningstar, Inc.® All Rights Reserved.