Founded in 1972 through the assistance of a Ford Foundation grant, ICMA‑RC’s mission is to help public sector employees build retirement security. It all began when the International City/County Management Association (ICMA) had the vision to create an organization dedicated to the retirement needs of public sector employees, and thus ICMA‑RC was formed. Consistent with our mission, ICMA‑RC launched the predecessor to what is now the Vantagepoint Funds. Historically the Vantagepoint Funds were made available solely to ICMA‑RC’s public sector retirement plan administration clients. In 2017, ICMA‑RC extended its mandate to make these Funds available to public and private sector plans in the Defined Contribution Investment-Only (DCIO) market.
Our investment team boasts tenured leadership with industry experience.
• Average tenure at ICMA-RC: 8 Years
• Average industry experience: 19 Years
• Total CFA charterholders: 26
Data as of 9/30/2019
Wayne Wicker, CFA®
Senior Vice President and Chief Investment Officer
Wayne Wicker is the firm’s Senior Vice President and Chief Investment Officer. He leads the Investments Division, which is responsible for the investment management, due diligence, and contract negotiations of...
Karen Chong-Wulff, CFA®, CAIA
Managing Vice President, Fixed Income
Karen Chong-Wulff is the Managing Vice President, Fixed Income, in the Investments Division. In this role, she leads the Fixed Income team. She oversees all fixed income, stable value, and...
David Braverman, CFA®
Managing Vice President, Equities
David Braverman is the Managing Vice President, Equities. In this role, he leads the Equity team within the Investment Division. This team includes investment professionals who oversee over 10 funds...
Flora Li Hedrick, CFA®
Managing Director, Investments
Flora Hedrick is Managing Vice President of Investments. She is responsible for developing an alternatives investment strategy and incorporating alternatives into the firm’s investment products and solutions. Mrs. Hedrick has...
Matthew Brenner, CFA®
Managing Vice President, Investments
Matt Brenner is a Managing Vice President in the Investments Division. He oversees the mutual fund team, managing due diligence, investment reporting and communications, and the ongoing operations of the...
Venkat Balakrishnan, CFA®
Vice President, Investments Division
Venkat Balakrishnan is a Vice President in the Investments Division. He is responsible for managing the multi-asset class funds, particularly the target-date and target-risk funds. He is responsible for developing...
Gus Pollak, CFA®
Vice President, Investment Services and Innovation
Gus Pollak is the Vice President, Investment Services. He leads teams that are responsible for investment-related operations, investment guideline monitoring, investment systems, and reporting. He manages the Investment Division’s reporting...
Lee Trenum, CFA®, CAIA
Director, Manager Research
Lee Trenum is the Director, Manager Research. He leads the investment manager research effort, conducting meetings and manager evaluation in support of the Vantagepoint Funds. Mr. Trenum has 22 years...
Our firm was built on the simple philosophy to serve those who serve us. Here's how we've grown from an idea to a company with more than $29 billion in assets under management in the span of 45 years.
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This website is for institutional use only and is not intended for individual investors or the general public.
The information contained on this website is for informational purposes only and is not intended as a solicitation nor does it constitute investment, tax or legal advice. Reference to any fund or asset class on this site is not a recommendation to buy, sell, or hold that fund or asset class. Neither ICMA Retirement Corporation (ICMA-RC) nor its subsidiaries are responsible for any investment action taken as a result of the information on this website or interpretation of such information.
Investors should carefully consider their own investment goals, risk tolerance and liquidity needs before making an investment decision. Investing involves risk, including possible loss of the amount invested. The Funds’ offering and disclosure documents include a complete summary of all fees, expenses, financial highlights, investment objectives and strategies, and risks, and should be carefully reviewed before investing.
Past performance is no guarantee of future results. Investment return and principal value will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher.
When Funds are marketed to institutional clients by our Defined Contribution Investment Only (DCIO) team, the Funds are offered by ICMA-RC Services, LLC (RC Services), an SEC registered broker-dealer and FINRA member firm. RC Services is a wholly-owned subsidiary of ICMA-RC and is an affiliate of VantageTrust Company, LLC and Vantagepoint Investment Advisers, LLC.
1 Vantagepoint Funds invest in a single VT III Vantagepoint Fund (VT III Funds). Vantagepoint Funds and VT III Funds are collective investment trust funds (CITs) established and maintained by VantageTrust Company, LLC (VTC), a wholly owned subsidiary of ICMA-RC, a New Hampshire non-depository trust company, and the sole trustee of these CITs. Eligible retirement plans may invest in the Vantagepoint Funds, which are funds of VantageTrust. ICMA-RC’s wholly-owned subsidiary, Vantagepoint Investment Advisers, LLC (VIA), provides investment advisory and management services to VTC with respect to the Vantagepoint Funds and VT III Funds. The Vantagepoint Funds and certain VT III Funds invest in other funds managed and administered by ICMA-RC or VIA. ICMA-RC and VIA receive asset-based fees from such underlying funds in addition to the asset-based fees it received from the Vantagepoint and VT III Funds. Please see VIA’s Form ADV, available at www.adviserinfo.sec.gov, for more information.
2 Each Vantagepoint Fund invests in a VT III Vantagepoint Fund that has the same investment objective and strategies. Prior to October 2016, each Vantagepoint Fund invested in a registered Vantagepoint Fund mutual fund that had the same investment objective and strategies. In October 2016, the Vantagepoint Fund mutual funds were liquidated and the assets were transferred to the VT III Vantagepoint Funds. In the event that a subadviser to the VT III Vantagepoint Funds was also a subadviser to the Vantagepoint Fund that preceded it, the average subadviser tenure with the VT III Vantagepoint Funds is calculated using both time periods.