Proxy Voting Policies

What Is Proxy Voting?

All investment advisers registered with the Securities and Exchange Commission are required to make available to clients their proxy voting policies and procedures which describe how the adviser votes client securities in their best interest and how the adviser deals with material conflicts between its interests and those of its clients. Advisers also must keep a record of how they voted client securities and make that voting record available to clients on request. Vantagepoint Investment Advisers LLC (“VIA”) the investment adviser to the Vantagepoint Funds (“Funds”) has obtained and reviewed the proxy voting policies and procedures for the subadvisers for the Funds. The proxy voting responsibility for the Funds are delegated to the respective Fund’s subadviser(s) subject to ERISA fiduciary standard annual reporting to VIA.

Please find below the proxy voting policies for the Vantagepoint Investment Advisers and each Fund’s subadvisers. For the actual record of the votes cast by the individual subadvisors (Form N-PX) please see the SEC filing for the period July 1, 2006 to June 30, 2007.

Vantagepoint Investment Advisors (VIA)

• VIA Proxy Voting Policy (128K PDF)

Investment Subadvisers to the Vantagepoint Funds

Vantagepoint Asset Allocation Fund

• Mellon Capital Management Proxy Policy (63K PDF)

Vantagepoint Aggressive Opportunities Fund

• Southeastern Asset Management Proxy Policy (42K PDF)
• TimesSquare Capital Management Proxy Policy (17K PDF)
• Legg Mason Capital Management Proxy Policy (153K PDF)
• T. Rowe Price Proxy Policy (84K PDF)

Vantagepoint Broad Market Index Fund

• Mellon Capital Management Proxy Policy (63K PDF)

Vantagepoint Core Bond Index Fund

• Mellon Capital Management Proxy Policy (63K PDF)

Vantagepoint Equity Income Fund

• Barrow, Hanley, Mewhinney, & Strauss Proxy Policy (93K PDF)
• Southeastern Asset Management Proxy Policy (42K PDF)
• T. Rowe Price Proxy Policy (84K PDF)

Vantagepoint 500 Stock Index Fund

• Mellon Capital Management Proxy Policy (63K PDF)

Vantagepoint Growth Fund

• Goldman Sachs Asset Management Proxy Policy (13K PDF)
• Legg Mason Proxy Policy (153K PDF)
• Peregrine Capital Management Proxy Policy (58K PDF)
• Tukman Capital Management Proxy Policy (73K PDF)
• Westfield Capital Management Proxy Policy (62K PDF)

Vantagepoint Growth & Income Fund

• Capital Guardian Proxy Policy (54K PDF)
• T. Rowe Price Proxy Policy (84K PDF)
• Wellington Management Company Proxy Policy (38K PDF)

Vantagepoint International Fund

• Artisan Partners Proxy Policy (212K PDF)
• Capital Guardian Proxy Policy (54K PDF)
• GlobeFlex Capital Proxy Policy
• Walter Scott & Partners Proxy Policy

Vantagepoint Mid/Small Company Index Fund

• Mellon Capital Management Proxy Policy (63K PDF)

Vantagepoint Overseas Equity Index Fund

• Mellon Capital Management Proxy Policy (63K PDF)

Vantagepoint Low Duration Bond Fund

• STW Proxy Policy (44K PDF)
• Payden & Rygel Prrxy Policy (46K PDF)

Vantagepoint Inflation Protected Securities Fund

• PIMCO Proxy Voting Policy (68K PDF)