VALIC Company I Aggressive Growth
Lifestyle Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
The following is a
summary of the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Affiliated Investment Companies | $586,800,748 | $— | $— | $586,800,748 | |||
Short-Term Investments | 38,644,823 | — | — | 38,644,823 | |||
Total Investments at Value | $625,445,571 | $— | $— | $625,445,571 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
See Notes to
Portfolio of Investments
VALIC Company I Asset Allocation
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
2
VALIC Company I Asset Allocation
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Asset Allocation
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
4
VALIC Company I Asset Allocation
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Asset Allocation
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
6
VALIC Company I Asset Allocation
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Asset Allocation
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
8
VALIC Company I Asset Allocation
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Asset Allocation
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
10
VALIC Company I Asset Allocation
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Futures Contracts
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized (Depreciation) |
3 | Long | S&P 500 E-Mini Index | September 2022 | $632,894 | $593,475 | $(39,419) |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks | $79,355,489 | $— | $— | $79,355,489 | |||
Corporate Bonds & Notes | — | 15,281,418 | — | 15,281,418 | |||
Asset Backed Securities | — | 8,566,491 | — | 8,566,491 | |||
Collateralized Mortgage Obligations: | |||||||
Commercial and Residential | — | 1,645,420 | 112,789 | 1,758,209 | |||
Other Industries | — | 2,625,135 | — | 2,625,135 | |||
U.S. Government & Agency Obligations | — | 22,979,089 | — | 22,979,089 | |||
Escrows and Litigation Trusts | — | 176 | — | 176 | |||
Short-Term Investments | 1,069,223 | — | — | 1,069,223 | |||
Repurchase Agreements | — | 5,164,593 | — | 5,164,593 | |||
Total Investments at Value | $80,424,712 | $56,262,322 | $112,789 | $136,799,823 | |||
LIABILITIES: | |||||||
Other Financial Instruments:† | |||||||
Futures Contracts | $39,419 | $— | $— | $39,419 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
Level 3 investments in
securities were not considered a significant portion of the Fund's net assets.
See Notes to Portfolio of
Investments
VALIC Company I Blue Chip Growth
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
12
VALIC Company I Blue Chip Growth
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is a
summary of the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Commercial Services | $12,163,191 | $1,132,873 | $— | $13,296,064 | |||
Diversified Financial Services | 43,533,435 | — | 793,493 | 44,326,928 | |||
Internet | 195,045,358 | 3,081,493 | — | 198,126,851 | |||
Other Industries | 411,584,964 | — | — | 411,584,964 | |||
Convertible Preferred Stocks | — | — | 302,896 | 302,896 | |||
Corporate Bonds & Notes | — | 1,319,750 | — | 1,319,750 | |||
Short-Term Investments | 3,247,476 | — | — | 3,247,476 | |||
Total Investments at Value | $665,574,424 | $5,534,116 | $1,096,389 | $672,204,929 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Level 3
investments in securities were not considered a significant portion of the Fund's net assets.
See Notes to
Portfolio of Investments
VALIC Company I Capital Appreciation
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
14
VALIC Company I Capital Appreciation
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Security Description | Shares or Principal Amount | Value | ||
SHORT-TERM INVESTMENTS — 1.4% | ||||
Unaffiliated Investment Companies — 1.4% | ||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 2.25%(1) (cost $1,766,777) | 1,766,777 | $ 1,766,777 | ||
TOTAL INVESTMENTS (cost $101,891,358) | 100.0% | 128,798,823 | ||
Other assets less liabilities | 0.0 | 20,442 | ||
NET ASSETS | 100.0% | $128,819,265 |
† | Non-income producing security |
(1) | The rate shown is the 7-day yield as of August 31, 2022. |
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks | $127,032,046 | $— | $— | $127,032,046 | |||
Short-Term Investments | 1,766,777 | — | — | 1,766,777 | |||
Total Investments at Value | $128,798,823 | $— | $— | $128,798,823 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
See Notes to Portfolio of
Investments
VALIC Company I Conservative Growth
Lifestyle Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
The following is a
summary of the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Affiliated Investment Companies | $283,022,770 | $— | $— | $283,022,770 | |||
Short-Term Investments | 32,282,686 | — | — | 32,282,686 | |||
Total Investments at Value | $315,305,456 | $— | $— | $315,305,456 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
See Notes to
Portfolio of Investments
16
VALIC Company I Core Bond Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
VALIC Company I Core Bond Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
18
VALIC Company I Core Bond Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Core Bond Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
20
VALIC Company I Core Bond Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Core Bond Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
22
VALIC Company I Core Bond Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Core Bond Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
24
VALIC Company I Core Bond Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Core Bond Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
26
VALIC Company I Core Bond Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Core Bond Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
28
VALIC Company I Core Bond Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Core Bond Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is a
summary of the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Corporate Bonds & Notes | $— | $965,415,222 | $— | $965,415,222 | |||
Asset Backed Securities | — | 38,317,524 | — | 38,317,524 | |||
Collateralized Mortgage Obligations | — | 39,625,375 | — | 39,625,375 | |||
U.S. Government & Agency Obligations | — | 1,741,051,052 | — | 1,741,051,052 | |||
Foreign Government Obligations | — | 12,114,208 | — | 12,114,208 | |||
Common Stocks | — | — | 3,724,460 | 3,724,460 | |||
Preferred Stocks | 22,774 | — | — | 22,774 | |||
Escrows and Litigation Trusts | — | 744 | — | 744 | |||
Short-Term Investments | 121,821,536 | — | — | 121,821,536 | |||
Total Investments at Value | $121,844,310 | $2,796,524,125 | $3,724,460 | $2,922,092,895 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Level 3
investments in securities were not considered a significant portion of the Fund's net assets.
See Notes to
Portfolio of Investments
30
VALIC Company I Dividend Value
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
VALIC Company I Dividend Value
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
32
VALIC Company I Dividend Value
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Aerospace/Defense | $23,463,879 | $14,358,369 | $— | $37,822,248 | |||
Healthcare-Products | 33,159,024 | 10,087,210 | — | 43,246,234 | |||
Home Furnishings | — | 7,743,182 | — | 7,743,182 | |||
Insurance | 69,611,072 | 5,257,299 | — | 74,868,371 | |||
Machinery-Construction & Mining | — | 8,026,678 | — | 8,026,678 | |||
Miscellaneous Manufacturing | — | 6,152,502 | — | 6,152,502 | |||
Oil & Gas | 44,858,506 | 21,048,667 | — | 65,907,173 | |||
Pharmaceuticals | 68,117,041 | 41,982,598 | — | 110,099,639 | |||
Semiconductors | 17,146,259 | 9,886,035 | — | 27,032,294 | |||
Other Industries | 789,790,129 | — | — | 789,790,129 | |||
Short-Term Investments | 52,277,275 | — | — | 52,277,275 | |||
Total Investments at Value | $1,098,423,185 | $124,542,540 | $— | $1,222,965,725 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
See Notes to Portfolio of
Investments
VALIC Company I Dynamic Allocation
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
Futures
Contracts
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized (Depreciation) |
30 | Long | S&P 500 E-Mini Index | September 2022 | $ 6,229,161 | $ 5,934,750 | $(294,411) |
80 | Short | S&P 500 E-Mini Index | September 2022 | 15,602,750 | 15,826,000 | (223,250) |
$(517,661) |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
34
VALIC Company I Dynamic Allocation
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Affiliated Investment Companies | $130,629,353 | $— | $— | $130,629,353 | |||
U.S. Government & Agency Obligations | — | 23,463,325 | — | 23,463,325 | |||
Purchased Options | — | 1,848,325 | — | 1,848,325 | |||
Short-Term Investments | 5,576,480 | — | — | 5,576,480 | |||
Total Investments at Value | $136,205,833 | $25,311,650 | $— | $161,517,483 | |||
LIABILITIES: | |||||||
Other Financial Instruments:† | |||||||
Futures Contracts | $517,661 | $— | $— | $517,661 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
See Notes to Portfolio of
Investments
VALIC Company I Emerging Economies
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
36
VALIC Company I Emerging Economies
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Emerging Economies
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Industry Allocation* | |
Banks | 15.0% |
Semiconductors | 14.2 |
Internet | 9.4 |
Oil & Gas | 7.1 |
Telecommunications | 4.3 |
Retail | 3.9 |
Food | 3.8 |
Insurance | 3.6 |
Chemicals | 3.5 |
Diversified Financial Services | 3.4 |
Electric | 3.2 |
Beverages | 2.3 |
Auto Manufacturers | 2.2 |
Transportation | 2.2 |
Mining | 2.1 |
Home Furnishings | 2.0 |
Gas | 1.8 |
Real Estate | 1.7 |
Engineering & Construction | 1.7 |
Software | 1.5 |
Agriculture | 1.3 |
Iron/Steel | 1.2 |
Electrical Components & Equipment | 1.0 |
Aerospace/Defense | 0.9 |
Energy-Alternate Sources | 0.8 |
Healthcare-Services | 0.8 |
Computers | 0.7 |
Electronics | 0.7 |
Pharmaceuticals | 0.5 |
38
VALIC Company I Emerging Economies
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Industry Allocation* (continued) | |
Miscellaneous Manufacturing | 0.5% |
Auto Parts & Equipment | 0.4 |
Short-Term Investments | 0.4 |
Airlines | 0.3 |
Distribution/Wholesale | 0.3 |
Commercial Services | 0.3 |
Entertainment | 0.3 |
99.3% |
* | Calculated as a percentage of net assets |
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Bermuda | $4,554,843 | $4,091,807 | $1,502,960 | $10,149,610 | |||
Brazil | 46,541,893 | — | — | 46,541,893 | |||
Chile | 3,390,858 | — | — | 3,390,858 | |||
Colombia | 1,565,543 | — | — | 1,565,543 | |||
India | 22,784,648 | 34,542,977 | — | 57,327,625 | |||
Mexico | 34,789,424 | — | — | 34,789,424 | |||
Panama | 1,783,774 | — | — | 1,783,774 | |||
Russia | — | — | 0 | 0 | |||
South Africa | 1,765,966 | 28,310,871 | — | 30,076,837 | |||
Taiwan | 248,800 | 62,407,545 | — | 62,656,345 | |||
Thailand | 5,732,119 | — | — | 5,732,119 | |||
Other Countries | — | 325,936,493 | — | 325,936,493 | |||
Short-Term Investments | 2,091,977 | — | — | 2,091,977 | |||
Total Investments at Value | $125,249,845 | $455,289,693 | $1,502,960 | $582,042,498 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Level 3 investments in
securities were not considered a significant portion of the Fund's net assets.
See Notes to Portfolio of
Investments
VALIC Company I Global Real Estate
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
40
VALIC Company I Global Real Estate
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Security Description | Shares or Principal Amount | Value | ||
COMMON STOCKS (continued) | ||||
United States (continued) | ||||
Welltower, Inc. | 91,310 | $ 6,998,912 | ||
Weyerhaeuser Co. | 162,053 | 5,535,730 | ||
272,863,409 | ||||
Total Long-Term Investment Securities (cost $555,508,019) | 496,848,023 | |||
SHORT-TERM INVESTMENTS — 1.0% | ||||
Unaffiliated Investment Companies — 1.0% | ||||
State Street Institutional U.S. Government Money Market Fund, Administration Class 2.00%(2) (cost $4,887,043) | 4,887,043 | 4,887,043 | ||
TOTAL INVESTMENTS (cost $560,395,062) | 99.3% | 501,735,066 | ||
Other assets less liabilities | 0.7 | 3,761,048 | ||
NET ASSETS | 100.0% | $505,496,114 |
† | Non-income producing security |
# | The security or a portion thereof is out on loan.At August 31, 2022, the Fund had loaned securities with a total value of $11,579,078. This was secured by collateral of $12,299,125 received in the form of fixed income pooled securities, which the Fund cannot sell or repledge and accordingly, are not reflected in the Fund's assets and liabilities. |
Securities | Coupon Range | Maturity Date Range | Value as of August 31, 2022 |
United States Treasury Bills | 0.00% | 10/06/2022 | $173,417 |
United States Treasury Notes/Bonds | 0.13% to 3.12% | 09/30/2022 to 05/15/2051 | 12,125,708 |
* | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. The Global Real Estate Fund has no right to demand registration of these securities. At August 31, 2022, the aggregate value of these securities was $10,613,359 representing 2.1% of net assets. |
(1) | Securities classified as Level 3 (see Note 1). |
(2) | The rate shown is the 7-day yield as of August 31, 2022. |
Industry Allocation* | |
REITS | 79.5% |
Real Estate | 17.1 |
Short-Term Investments | 1.0 |
Engineering & Construction | 0.7 |
Home Builders | 0.5 |
Lodging | 0.3 |
Telecommunications | 0.2 |
99.3% |
* | Calculated as a percentage of net assets |
VALIC Company I Global Real Estate
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Australia | $— | $21,579,935 | $1,493 | $21,581,428 | |||
Canada | 17,873,103 | — | — | 17,873,103 | |||
United States | 272,863,409 | — | — | 272,863,409 | |||
Other Countries | — | 184,530,083 | — | 184,530,083 | |||
Short-Term Investments | 4,887,043 | — | — | 4,887,043 | |||
Total Investments at Value | $295,623,555 | $206,110,018 | $1,493 | $501,735,066 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Level 3 investments in
securities were not considered a significant portion of the Fund's net assets.
See Notes to Portfolio of
Investments
42
VALIC Company I Global Strategy
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
VALIC Company I Global Strategy
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
44
VALIC Company I Global Strategy
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Global Strategy
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
46
VALIC Company I Global Strategy
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Global Strategy
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
48
VALIC Company I Global Strategy
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Global Strategy
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Futures
Contracts
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized Appreciation |
24 | Short | S&P 500 E-Mini Index | September 2022 | $4,963,523 | $4,747,800 | $215,723 |
Unrealized (Depreciation) | ||||||
5 | Long | Euro Buxl 30 Year Bonds | September 2022 | $ 952,487 | $ 827,074 | $(125,413) |
64 | Long | U.S. Treasury 10 Year Notes | December 2022 | 7,531,104 | 7,482,000 | (49,104) |
77 | Long | U.S. Treasury Ultra Bonds | December 2022 | 11,512,996 | 11,511,500 | (1,496) |
$(176,013) | ||||||
Net Unrealized Appreciation (Depreciation) | $39,710 |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
Forward Foreign Currency Contracts | |||||||
Counterparty | Contract to Deliver | In Exchange For | Delivery Date | Unrealized Appreciation | Unrealized (Depreciation) | ||
HSBC Bank PLC | EUR | 1,030,000 | USD | 1,058,870 | 11/02/2022 | $ 19,504 | $ — |
50
VALIC Company I Global Strategy
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Forward Foreign Currency Contracts — (continued) | ||||||||
Counterparty | Contract to Deliver | In Exchange For | Delivery Date | Unrealized Appreciation | Unrealized (Depreciation) | |||
USD | 112,702 | EUR | 110,000 | 11/02/2022 | $ — | $ (1,702) | ||
USD | 4,149,107 | JPY | 560,000,000 | 09/26/2022 | — | (110,594) | ||
19,504 | (112,296) | |||||||
JPMorgan Chase Bank, N.A. | COP | 3,220,000,000 | USD | 737,244 | 10/27/2022 | 16,973 | — | |
GBP | 9,180,000 | USD | 10,872,861 | 12/05/2022 | 189,983 | — | ||
JPY | 1,482,000,000 | USD | 11,094,517 | 09/26/2022 | 406,880 | — | ||
USD | 6,872,965 | JPY | 922,000,000 | 09/26/2022 | — | (223,841) | ||
613,836 | (223,841) | |||||||
Unrealized Appreciation (Depreciation) | $633,340 | $(336,137) |
COP—Columbian Peso |
EUR—Euro Currency |
GBP—British Pound |
JPY—Japanese Yen |
USD—United States Dollar |
Industry Allocation* | |
Short-Term Investments | 6.9% |
Foreign Government Obligations | 5.7 |
Internet | 5.5 |
Oil & Gas | 5.5 |
Telecommunications | 5.3 |
Software | 4.6 |
Pharmaceuticals | 4.4 |
Banks | 4.0 |
Computers | 3.6 |
Collateralized Mortgage Obligations | 3.6 |
Investment Companies | 3.3 |
Retail | 3.1 |
Diversified Financial Services | 3.1 |
Semiconductors | 2.8 |
Electric | 2.7 |
REITS | 2.4 |
Insurance | 2.4 |
U.S. Government & Agency Obligations | 2.3 |
Auto Manufacturers | 2.0 |
Chemicals | 2.0 |
Food | 2.0 |
Transportation | 1.7 |
Electronics | 1.5 |
Healthcare-Products | 1.5 |
Healthcare-Services | 1.5 |
Aerospace/Defense | 1.5 |
Biotechnology | 1.2 |
Media | 1.2 |
Commercial Services | 1.1 |
Beverages | 1.1 |
Agriculture | 1.0 |
Airlines | 0.9 |
Mining | 0.9 |
Iron/Steel | 0.8 |
Private Equity | 0.6 |
Cosmetics/Personal Care | 0.6 |
Pipelines | 0.6 |
Building Materials | 0.5 |
Gas | 0.5 |
Distribution/Wholesale | 0.5 |
Machinery-Construction & Mining | 0.5 |
Packaging & Containers | 0.4 |
Entertainment | 0.4 |
VALIC Company I Global Strategy
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Industry Allocation* (continued) | |
Toys/Games/Hobbies | 0.3% |
Real Estate | 0.3 |
Lodging | 0.3 |
Engineering & Construction | 0.3 |
Machinery-Diversified | 0.2 |
Electrical Components & Equipment | 0.2 |
Household Products/Wares | 0.2 |
Home Builders | 0.2 |
Apparel | 0.2 |
Home Furnishings | 0.2 |
Oil & Gas Services | 0.2 |
Miscellaneous Manufacturing | 0.1 |
Office/Business Equipment | 0.1 |
Environmental Control | 0.1 |
Holding Companies-Diversified | 0.1 |
Hand/Machine Tools | 0.1 |
Coal | 0.1 |
Leisure Time | 0.1 |
Shipbuilding | 0.1 |
Forest Products & Paper | 0.1 |
101.2% |
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Bermuda | $273,354 | $132,380 | $11,876 | $417,610 | |||
Brazil | 613,352 | — | — | 613,352 | |||
Canada | 3,880,169 | — | — | 3,880,169 | |||
Cayman Islands | 713,000 | 1,420,719 | — | 2,133,719 | |||
Chile | 254,935 | — | — | 254,935 | |||
Cyprus | — | — | 0 | 0 | |||
Ireland | 317,472 | 385,354 | — | 702,826 | |||
Israel | 299,638 | 621,869 | — | 921,507 | |||
Mexico | 424,867 | — | — | 424,867 | |||
Netherlands | 488,289 | 2,287,002 | — | 2,775,291 | |||
Russia | — | — | 0 | 0 | |||
Sweden | 6,293 | 767,274 | — | 773,567 | |||
Switzerland | 122,929 | 2,447,846 | — | 2,570,775 | |||
Thailand | 146,962 | — | — | 146,962 | |||
United Kingdom | 234,727 | 3,599,283 | — | 3,834,010 | |||
United States | 72,635,970 | — | — | 72,635,970 | |||
Other Countries | — | 35,747,112 | — | 35,747,112 | |||
Corporate Bonds & Notes | — | 52,939,782 | — | 52,939,782 | |||
Collateralized Mortgage Obligations | — | 7,884,937 | — | 7,884,937 | |||
U.S. Government & Agency Obligations | — | 4,889,090 | — | 4,889,090 | |||
Foreign Government Obligations | — | 12,404,853 | — | 12,404,853 | |||
Short-Term Investments | 15,166,774 | — | — | 15,166,774 | |||
Total Investments at Value | $95,578,731 | $125,527,501 | $11,876 | $221,118,108 | |||
Other Financial Instruments:† | |||||||
Futures Contracts | $215,723 | $— | $— | $215,723 | |||
Forward Foreign Currency Contracts | — | 633,340 | — | 633,340 | |||
Total Other Financial Instruments | $215,723 | $633,340 | $— | $849,063 |
52
VALIC Company I Global Strategy
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
LIABILITIES: | |||||||
Other Financial Instruments:† | |||||||
Futures Contracts | $176,013 | $— | $— | $176,013 | |||
Forward Foreign Currency Contracts | — | 336,137 | — | 336,137 | |||
Total Other Financial Instruments | $176,013 | $336,137 | $— | $512,150 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
Level 3 investments in
securities were not considered a significant portion of the Fund's net assets.
See Notes to Portfolio of
Investments
VALIC Company I Government Securities
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
54
VALIC Company I Government Securities
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Government Securities
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
56
VALIC Company I Government Securities
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is a
summary of the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Corporate Bonds & Notes | $— | $12,185,509 | $— | $12,185,509 | |||
Asset Backed Securities | — | 5,911,490 | — | 5,911,490 | |||
Collateralized Mortgage Obligations | — | 42,870,934 | — | 42,870,934 | |||
U.S. Government & Agency Obligations | — | 153,633,988 | — | 153,633,988 | |||
Foreign Government Obligations | — | 2,498,836 | — | 2,498,836 | |||
Municipal Securities | — | 268,299 | — | 268,299 | |||
Short-Term Investments | 317,608 | — | — | 317,608 | |||
Repurchase Agreements | — | 11,206,365 | — | 11,206,365 | |||
Total Investments at Value | $317,608 | $228,575,421 | $— | $228,893,029 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
See Notes to
Portfolio of Investments
VALIC Company I Growth Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
58
VALIC Company I Growth Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Growth Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
60
VALIC Company I Growth Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Growth Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Futures Contracts
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized Appreciation |
2 | Long | S&P 500 E-Mini Index | September 2022 | $374,023 | $395,650 | $21,627 |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Apparel | $7,684,306 | $19,750,561 | $— | $27,434,867 | |||
Entertainment | 166,767 | 12,584,707 | — | 12,751,474 | |||
Healthcare-Services | 21,322,023 | 19,552,676 | — | 40,874,699 | |||
Other Industries | 831,048,023 | — | — | 831,048,023 | |||
Convertible Preferred Stocks | — | — | 7,956,393 | 7,956,393 | |||
Unaffiliated Investment Companies | 5,021,100 | — | — | 5,021,100 | |||
Short-Term Investments: | |||||||
U.S. Government | — | 99,541 | — | 99,541 | |||
Other Short-Term Investments | 16,970,552 | — | — | 16,970,552 | |||
Total Investments at Value | $882,212,771 | $51,987,485 | $7,956,393 | $942,156,649 | |||
Other Financial Instruments:† | |||||||
Futures Contracts | $21,627 | $— | $— | $21,627 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
Level 3 investments in
securities were not considered a significant portion of the Fund's net assets.
See Notes to Portfolio of
Investments
62
VALIC Company I High Yield Bond
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
VALIC Company I High Yield Bond
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
64
VALIC Company I High Yield Bond
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I High Yield Bond
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
66
VALIC Company I High Yield Bond
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I High Yield Bond
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Forward Foreign Currency Contracts | ||||||||
Counterparty | Contract to Deliver | In Exchange For | Delivery Date | Unrealized Appreciation | Unrealized (Depreciation) | |||
BNP Paribas SA | EUR | 8,327,000 | USD | 8,310,096 | 09/30/2022 | $— | $(73,501) |
EUR—Euro Currency |
USD—United States Dollar |
68
VALIC Company I High Yield Bond
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Corporate Bonds & Notes | $— | $399,652,275 | $— | $399,652,275 | |||
Convertible Bonds & Notes | — | 5,718,585 | — | 5,718,585 | |||
Loans | — | 15,538,368 | — | 15,538,368 | |||
Common Stocks: | |||||||
Coal | — | 39,952 | — | 39,952 | |||
Other Industries | 1,534,085 | — | — | 1,534,085 | |||
Short-Term Investments | 8,497,895 | — | — | 8,497,895 | |||
Repurchase Agreements | — | 1,380,348 | — | 1,380,348 | |||
Total Investments at Value | $10,031,980 | $422,329,528 | $— | $432,361,508 | |||
LIABILITIES: | |||||||
Other Financial Instruments:† | |||||||
Forward Foreign Currency Contracts | $— | $73,501 | $— | $73,501 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
See Notes to Portfolio of
Investments
VALIC Company I Inflation Protected
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
70
VALIC Company I Inflation Protected
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Inflation Protected
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
72
VALIC Company I Inflation Protected
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Inflation Protected
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
74
VALIC Company I Inflation Protected
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Inflation Protected
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Interest Rate Swaps | ||||||||||||
Counterparty (OTC)/ Centrally cleared | Notional amount | Currency | Payments made | Payments received | Fixed payment frequency | Floating payment frequency | Maturity date | Upfront payment paid (received) | Unrealized appreciation (depreciation) | Value | ||
Bank of America, N.A. | 75,000,000 | USD | Fixed 3.430% | 12-Month USA CPI | Maturity | Maturity | Apr 2027 | $— | $547,050 | $547,050 | ||
Goldman Sachs International | 12,000,000 | USD | Fixed 3.490 | 12-Month USA CPI | Maturity | Maturity | Apr 2027 | — | 51,590 | 51,590 | ||
$— | $598,640 | $598,640 |
Futures
Contracts
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized Appreciation |
167 | Long | U.S. Treasury Ultra Bonds | December 2022 | $ 24,782,303 | $ 24,966,500 | $ 184,197 |
352 | Short | Canada 10 Year Bonds | December 2022 | 33,552,639 | 33,392,226 | 160,413 |
76
VALIC Company I Inflation Protected
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Futures
Contracts — (continued)
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized Appreciation |
658 | Short | Canada 5 Year Bonds | December 2022 | 56,724,895 | $ 56,498,770 | $ 226,125 |
41 | Short | Euro Buxl 30 Year Bonds | September 2022 | 7,153,682 | 6,782,008 | 371,674 |
174 | Short | Euro-BTP | September 2022 | 21,538,634 | 20,897,682 | 640,952 |
37 | Short | Euro-Bund | September 2022 | 5,545,824 | 5,501,993 | 43,831 |
430 | Short | Euro-Schatz | September 2022 | 47,274,496 | 46,933,494 | 341,002 |
89 | Short | Long Gilt | December 2022 | 11,318,841 | 11,159,029 | 159,812 |
575 | Short | U.S. Treasury 2 Year Notes | December 2022 | 120,024,810 | 119,788,672 | 236,138 |
443 | Short | U.S. Treasury 5 Year Notes | December 2022 | 49,258,464 | 49,093,398 | 165,066 |
99 | Short | U.S. Treasury Long Bonds | December 2022 | 13,463,186 | 13,448,531 | 14,655 |
$2,543,865 |
Unrealized (Depreciation) | ||||||
127 | Long | Australian 10 Year Bonds | September 2022 | $10,517,523 | $10,424,427 | $ (93,096) |
Net Unrealized Appreciation (Depreciation) | $2,450,769 |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
Forward Foreign Currency Contracts | ||||||||
Counterparty | Contract to Deliver | In Exchange For | Delivery Date | Unrealized Appreciation | Unrealized (Depreciation) | |||
Australia & New Zealand Banking Group | NZD | 2,545,000 | USD | 1,610,247 | 09/21/2022 | $ 53,169 | $ — | |
Barclays Bank PLC | MXN | 171,635,000 | USD | 8,227,146 | 09/21/2022 | — | (261,715) | |
USD | 1,246,125 | EUR | 1,173,000 | 09/21/2022 | — | (65,850) | ||
— | (327,565) | |||||||
BNP Paribas SA | EUR | 50,276,000 | USD | 54,065,805 | 09/21/2022 | 3,478,005 | — | |
EUR | 334,000 | USD | 333,322 | 09/30/2022 | — | (2,948) | ||
3,478,005 | (2,948) | |||||||
Deutsche Bank AG | USD | 1,920,441 | AUD | 2,765,000 | 09/21/2022 | — | (27,941) | |
USD | 1,655,478 | CAD | 2,140,000 | 09/21/2022 | — | (26,283) | ||
— | (54,224) | |||||||
Goldman Sachs International | CAD | 6,495,000 | USD | 5,022,465 | 09/21/2022 | 77,781 | — | |
USD | 5,717,687 | CAD | 7,305,000 | 09/21/2022 | — | (156,345) | ||
USD | 1,825,748 | EUR | 1,693,000 | 09/21/2022 | — | (122,249) | ||
77,781 | (278,594) | |||||||
Morgan Stanley & Co. International PLC | AUD | 61,828,000 | USD | 44,410,481 | 09/21/2022 | 2,092,400 | — | |
BRL | 45,473,000 | USD | 8,140,676 | 09/21/2022 | — | (560,293) | ||
CAD | 2,050,000 | USD | 1,596,398 | 09/21/2022 | 35,720 | — | ||
2,128,120 | (560,293) | |||||||
Royal Bank of Canada | CAD | 2,010,000 | USD | 1,564,574 | 09/21/2022 | 34,348 | — | |
Standard Chartered Bank | USD | 1,742,806 | CAD | 2,255,000 | 09/21/2022 | — | (26,061) | |
USD | 1,352,384 | NZD | 2,170,000 | 09/21/2022 | — | (24,738) | ||
— | (50,799) | |||||||
State Street Bank & Trust Co. | EUR | 1,176,000 | USD | 1,199,970 | 09/21/2022 | 16,677 | — | |
Toronto Dominion Bank | CAD | 154,553,000 | USD | 123,110,562 | 09/21/2022 | 5,448,412 | — | |
UBS AG | EUR | 1,700,000 | USD | 1,727,523 | 09/21/2022 | 16,980 | — | |
NZD | 70,253,000 | USD | 45,215,533 | 09/21/2022 | 2,233,461 | — | ||
USD | 1,255,595 | EUR | 1,178,000 | 09/21/2022 | — | (70,289) | ||
2,250,441 | (70,289) | |||||||
Unrealized Appreciation (Depreciation) | $13,486,953 | $(1,344,712) |
VALIC Company I Inflation Protected
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
AUD—Australian Dollar |
BRL—Brazilian Real |
CAD—Canadian Dollar |
EUR—Euro Currency |
MXN—Mexican Peso |
NZD—New Zealand Dollar |
USD—United States Dollar |
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Corporate Bonds & Notes | $— | $19,630,215 | $— | $19,630,215 | |||
Loans | — | 22,028,228 | — | 22,028,228 | |||
Asset Backed Securities | — | 39,077,306 | — | 39,077,306 | |||
Collateralized Mortgage Obligations | — | 19,697,342 | — | 19,697,342 | |||
U.S. Government & Agency Obligations | — | 464,407,548 | — | 464,407,548 | |||
Foreign Government Obligations | — | 262,445,830 | — | 262,445,830 | |||
Municipal Securities | — | 8,710,528 | — | 8,710,528 | |||
Escrows and Litigation Trusts | — | — | 2,100 | 2,100 | |||
Repurchase Agreements | — | 29,275,166 | — | 29,275,166 | |||
Total Investments at Value | $— | $865,272,163 | $2,100 | $865,274,263 | |||
Other Financial Instruments:† | |||||||
Swaps | $— | $598,640 | $— | $598,640 | |||
Futures Contracts | 2,543,865 | — | — | 2,543,865 | |||
Forward Foreign Currency Contracts | — | 13,486,953 | — | 13,486,953 | |||
Total Other Financial Instruments | $2,543,865 | $14,085,593 | $— | $16,629,458 | |||
LIABILITIES: | |||||||
Other Financial Instruments:† | |||||||
Futures Contracts | $93,096 | $— | $— | $93,096 | |||
Forward Foreign Currency Contracts | — | 1,344,712 | — | 1,344,712 | |||
Total Other Financial Instruments | $93,096 | $1,344,712 | $— | $1,437,808 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
Level 3 investments in
securities were not considered a significant portion of the Fund's net assets.
See Notes to Portfolio of
Investments
78
VALIC Company I International Equities
Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
VALIC Company I International Equities
Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
80
VALIC Company I International Equities
Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I International Equities
Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
82
VALIC Company I International Equities
Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I International Equities
Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
84
VALIC Company I International Equities
Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I International Equities
Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Futures
Contracts
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized (Depreciation) |
782 | Long | MSCI EAFE Index | September 2022 | $72,065,159 | $71,439,610 | $(625,549) |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
Industry Allocation* | |
Banks | 9.6% |
Pharmaceuticals | 8.8 |
Food | 4.7 |
Insurance | 4.7 |
86
VALIC Company I International Equities
Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Industry Allocation* (continued) | |
Oil & Gas | 4.5% |
Short-Term Investments | 3.6 |
Repurchase Agreements | 3.6 |
Telecommunications | 3.4 |
Auto Manufacturers | 3.3 |
Mining | 2.8 |
Chemicals | 2.8 |
Electric | 2.8 |
Semiconductors | 2.7 |
Commercial Services | 2.6 |
Unaffiliated Investment Companies | 2.4 |
Apparel | 2.1 |
Cosmetics/Personal Care | 2.1 |
Healthcare-Products | 2.0 |
Beverages | 1.9 |
Machinery-Diversified | 1.9 |
Transportation | 1.7 |
Retail | 1.6 |
Building Materials | 1.6 |
Electronics | 1.5 |
Distribution/Wholesale | 1.4 |
Diversified Financial Services | 1.2 |
Software | 1.2 |
Aerospace/Defense | 1.2 |
Computers | 1.2 |
Internet | 1.1 |
Real Estate | 1.0 |
Biotechnology | 1.0 |
REITS | 0.9 |
Engineering & Construction | 0.9 |
Agriculture | 0.9 |
Electrical Components & Equipment | 0.9 |
Healthcare-Services | 0.9 |
Machinery-Construction & Mining | 0.8 |
Home Furnishings | 0.8 |
Miscellaneous Manufacturing | 0.8 |
Entertainment | 0.7 |
Auto Parts & Equipment | 0.7 |
Household Products/Wares | 0.6 |
Forest Products & Paper | 0.5 |
Private Equity | 0.5 |
Investment Companies | 0.4 |
Iron/Steel | 0.4 |
Toys/Games/Hobbies | 0.4 |
Media | 0.4 |
Food Service | 0.4 |
Gas | 0.4 |
Office/Business Equipment | 0.3 |
Water | 0.3 |
Home Builders | 0.2 |
Hand/Machine Tools | 0.2 |
Lodging | 0.2 |
Advertising | 0.2 |
Energy-Alternate Sources | 0.2 |
Leisure Time | 0.2 |
Metal Fabricate/Hardware | 0.1 |
Holding Companies-Diversified | 0.1 |
Pipelines | 0.1 |
102.4% |
* | Calculated as a percentage of net assets |
VALIC Company I International Equities
Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Australia | $— | $112,272,291 | $2,601 | $112,274,892 | |||
Cayman Islands | 2,907,083 | 7,314,069 | — | 10,221,152 | |||
Israel | 3,735,232 | 7,929,239 | — | 11,664,471 | |||
Netherlands | 610,753 | 75,040,509 | — | 75,651,262 | |||
Sweden | 88,140 | 43,805,261 | — | 43,893,401 | |||
United Kingdom | 2,613,085 | 199,812,590 | — | 202,425,675 | |||
Other Countries | — | 932,756,254 | — | 932,756,254 | |||
Unaffiliated Investment Companies | 35,218,360 | — | — | 35,218,360 | |||
Warrants | 60,759 | — | — | 60,759 | |||
Rights | 48,116 | — | — | 48,116 | |||
Short-Term Investments: | |||||||
U.S. Government | — | 11,528,996 | — | 11,528,996 | |||
Other Short-Term Investments | 42,991,033 | — | — | 42,991,033 | |||
Repurchase Agreements | — | 53,106,121 | — | 53,106,121 | |||
Total Investments at Value | $88,272,561 | $1,443,565,330 | $2,601 | $1,531,840,492 | |||
LIABILITIES: | |||||||
Other Financial Instruments:† | |||||||
Futures Contracts | $625,549 | $— | $— | $625,549 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
Level 3 investments in
securities were not considered a significant portion of the Fund's net assets.
See Notes to Portfolio of
Investments
88
VALIC Company I International
Government Bond Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
VALIC Company I International
Government Bond Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
90
VALIC Company I International
Government Bond Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I International
Government Bond Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Industry Allocation* | |
Foreign Government Obligations | 53.5% |
U.S. Government & Agency Obligations | 34.0 |
Electric | 1.8 |
Oil & Gas | 1.6 |
Banks | 1.6 |
Short-Term Investments | 1.2 |
Food | 0.5 |
Diversified Financial Services | 0.4 |
Engineering & Construction | 0.3 |
Energy-Alternate Sources | 0.3 |
Transportation | 0.3 |
Commercial Services | 0.3 |
Forest Products & Paper | 0.3 |
Pipelines | 0.3 |
Healthcare-Services | 0.2 |
92
VALIC Company I International
Government Bond Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Industry Allocation* (continued) | |
Chemicals | 0.2% |
Internet | 0.2 |
97.0% |
* | Calculated as a percentage of net assets |
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Corporate Bonds & Notes | $— | $10,602,569 | $— | $10,602,569 | |||
U.S. Government & Agency Obligations | — | 43,718,358 | — | 43,718,358 | |||
Foreign Government Obligations | — | 68,788,084 | — | 68,788,084 | |||
Short-Term Investments | 1,517,710 | — | — | 1,517,710 | |||
Total Investments at Value | $1,517,710 | $123,109,011 | $— | $124,626,721 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
See Notes to Portfolio of
Investments
VALIC Company I International Growth
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
Industry Allocation* | |
Apparel | 13.8% |
Transportation | 10.4 |
Semiconductors | 9.5 |
Internet | 8.3 |
Banks | 7.1 |
Beverages | 6.7 |
Electric | 5.3 |
94
VALIC Company I International Growth
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Industry Allocation* (continued) | |
Private Equity | 5.0% |
Retail | 4.9 |
Food | 4.8 |
Machinery-Diversified | 4.3 |
Commercial Services | 2.6 |
Healthcare-Products | 2.6 |
Insurance | 2.5 |
Chemicals | 2.3 |
Entertainment | 1.5 |
Biotechnology | 1.0 |
Computers | 1.0 |
Software | 0.4 |
Short-Term Investments | 0.1 |
94.1% |
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Bermuda | $19,829,022 | $1,876,786 | $— | $21,705,808 | |||
Canada | 33,553,697 | — | — | 33,553,697 | |||
Cayman Islands | 3,526,707 | — | — | 3,526,707 | |||
China | 8,455,356 | — | — | 8,455,356 | |||
Japan | 1,774,126 | 16,412,165 | — | 18,186,291 | |||
United States | 13,791,316 | — | — | 13,791,316 | |||
Other Countries | — | 255,119,027 | — | 255,119,027 | |||
Short-Term Investments | 488,629 | — | — | 488,629 | |||
Total Investments at Value | $81,418,853 | $273,407,978 | $— | $354,826,831 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
See Notes to Portfolio of
Investments
VALIC Company I International
Opportunities Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
96
VALIC Company I International
Opportunities Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I International
Opportunities Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
98
VALIC Company I International
Opportunities Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I International
Opportunities Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
100
VALIC Company I International
Opportunities Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Industry Allocation* | |
Retail | 5.4% |
Internet | 5.0 |
Commercial Services | 4.7 |
Short-Term Investments | 4.7 |
Banks | 4.1 |
Software | 4.0 |
Computers | 3.7 |
Machinery-Diversified | 3.1 |
Building Materials | 3.0 |
Chemicals | 3.0 |
Food | 2.9 |
Electronics | 2.9 |
Engineering & Construction | 2.8 |
Distribution/Wholesale | 2.8 |
Diversified Financial Services | 2.7 |
REITS | 2.6 |
Repurchase Agreements | 2.4 |
Real Estate | 2.2 |
Pharmaceuticals | 2.2 |
Oil & Gas | 2.2 |
VALIC Company I International
Opportunities Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Industry Allocation* (continued) | |
Semiconductors | 2.1% |
Environmental Control | 2.1 |
Healthcare-Products | 2.0 |
Unaffiliated Investment Companies | 2.0 |
Healthcare-Services | 1.7 |
Mining | 1.7 |
Electric | 1.7 |
Apparel | 1.5 |
Packaging & Containers | 1.4 |
Aerospace/Defense | 1.3 |
Oil & Gas Services | 1.3 |
Insurance | 1.2 |
Beverages | 1.1 |
Home Builders | 1.1 |
Lodging | 1.1 |
Transportation | 1.0 |
Entertainment | 0.8 |
Hand/Machine Tools | 0.7 |
Metal Fabricate/Hardware | 0.7 |
Leisure Time | 0.7 |
Cosmetics/Personal Care | 0.6 |
Advertising | 0.6 |
Telecommunications | 0.6 |
Iron/Steel | 0.6 |
Home Furnishings | 0.5 |
Auto Parts & Equipment | 0.5 |
Agriculture | 0.5 |
Food Service | 0.5 |
Electrical Components & Equipment | 0.5 |
Gas | 0.4 |
Pipelines | 0.4 |
Miscellaneous Manufacturing | 0.4 |
Biotechnology | 0.4 |
Machinery-Construction & Mining | 0.3 |
Energy-Alternate Sources | 0.3 |
Media | 0.3 |
Auto Manufacturers | 0.2 |
Private Equity | 0.1 |
Textiles | 0.1 |
Holding Companies-Diversified | 0.1 |
Water | 0.1 |
Forest Products & Paper | 0.1 |
Office/Business Equipment | 0.1 |
101.8% |
* | Calculated as a percentage of net assets |
102
VALIC Company I International
Opportunities Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Bermuda | $2,041,954 | $4,842,444 | $— | $6,884,398 | |||
Brazil | 13,073,471 | — | — | 13,073,471 | |||
British Virgin Islands | 2,031,108 | — | — | 2,031,108 | |||
Canada | 31,232,687 | — | — | 31,232,687 | |||
Cayman Islands | 2,951,360 | 9,109,920 | — | 12,061,280 | |||
Chile | 745,545 | — | — | 745,545 | |||
Colombia | 178,151 | — | — | 178,151 | |||
Ireland | 264,386 | 7,625,069 | — | 7,889,455 | |||
Israel | 2,378,732 | — | — | 2,378,732 | |||
Mauritius | 1,211,539 | — | — | 1,211,539 | |||
Mexico | 5,577,779 | — | — | 5,577,779 | |||
Peru | 72,012 | — | — | 72,012 | |||
Russia | — | — | 0 | 0 | |||
Thailand | 1,918,292 | — | — | 1,918,292 | |||
United States | 136,784 | — | — | 136,784 | |||
Other Countries | — | 348,849,033 | — | 348,849,033 | |||
Unaffiliated Investment Companies | 9,279,415 | — | — | 9,279,415 | |||
Short-Term Investments: | |||||||
Sovereign | — | 14,062,000 | — | 14,062,000 | |||
Other Short-Term Investments | 7,762,459 | — | — | 7,762,459 | |||
Repurchase Agreements | — | 11,013,422 | — | 11,013,422 | |||
Total Investments at Value | $80,855,674 | $395,501,888 | $0 | $476,357,562 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Level 3 investments in
securities were not considered a significant portion of the Fund's net assets.
See Notes to Portfolio of
Investments
VALIC Company I International Socially
Responsible Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
104
VALIC Company I International Socially
Responsible Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I International Socially
Responsible Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
106
VALIC Company I International Socially
Responsible Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I International Socially
Responsible Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
108
VALIC Company I International Socially
Responsible Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Futures Contracts
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized (Depreciation) |
187 | Long | MSCI EAFE Index | September 2022 | $17,438,435 | $17,083,385 | $(355,050) |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
Industry Allocation* | |
Banks | 8.3% |
Insurance | 7.0 |
Pharmaceuticals | 5.0 |
Repurchase Agreements | 5.0 |
Telecommunications | 4.5 |
Chemicals | 4.0 |
Oil & Gas | 3.5 |
Commercial Services | 3.3 |
Food | 2.9 |
Healthcare-Products | 2.6 |
Semiconductors | 2.4 |
Cosmetics/Personal Care | 2.4 |
Diversified Financial Services | 2.2 |
Auto Manufacturers | 2.1 |
Distribution/Wholesale | 2.1 |
Electric | 1.9 |
Machinery-Diversified | 1.8 |
Transportation | 1.8 |
Engineering & Construction | 1.8 |
Real Estate | 1.8 |
Software | 1.7 |
Building Materials | 1.7 |
REITS | 1.7 |
Retail | 1.6 |
Iron/Steel | 1.5 |
Electronics | 1.5 |
Electrical Components & Equipment | 1.4 |
Mining | 1.3 |
Auto Parts & Equipment | 1.3 |
Biotechnology | 1.2 |
Investment Companies | 1.2 |
Apparel | 1.2 |
Household Products/Wares | 1.1 |
Healthcare-Services | 1.1 |
Machinery-Construction & Mining | 1.0 |
Gas | 1.0 |
Beverages | 0.9 |
Computers | 0.9 |
Internet | 0.8 |
Home Furnishings | 0.8 |
Private Equity | 0.8 |
Water | 0.6 |
Short-Term Investments | 0.6 |
Food Service | 0.6 |
Media | 0.6 |
Forest Products & Paper | 0.5 |
Entertainment | 0.5 |
Advertising | 0.5 |
Home Builders | 0.5 |
Toys/Games/Hobbies | 0.4 |
Office/Business Equipment | 0.4 |
Metal Fabricate/Hardware | 0.4 |
Lodging | 0.3 |
Hand/Machine Tools | 0.3 |
Holding Companies-Diversified | 0.3 |
Leisure Time | 0.3 |
Miscellaneous Manufacturing | 0.2 |
VALIC Company I International Socially
Responsible Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Industry Allocation* (continued) | |
Pipelines | 0.2% |
Energy-Alternate Sources | 0.2 |
99.5% |
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Australia | $— | $20,236,453 | $190 | $20,236,643 | |||
Cayman Islands | 507,067 | 2,384,149 | — | 2,891,216 | |||
Israel | 654,308 | 1,840,142 | — | 2,494,450 | |||
Sweden | 23,275 | 8,106,822 | — | 8,130,097 | |||
United Kingdom | 680,267 | 36,355,566 | — | 37,035,833 | |||
Other Countries | — | 194,663,048 | — | 194,663,048 | |||
Short-Term Investments: | |||||||
U.S. Government | — | 1,470,692 | — | 1,470,692 | |||
Other Short-Term Investments | 163,783 | — | — | 163,783 | |||
Repurchase Agreements | — | 14,197,172 | — | 14,197,172 | |||
Total Investments at Value | $2,028,700 | $279,254,044 | $190 | $281,282,934 | |||
LIABILITIES: | |||||||
Other Financial Instruments:† | |||||||
Futures Contracts | $355,050 | $— | $— | $355,050 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
Level 3 investments in
securities were not considered a significant portion of the Fund's net assets.
See Notes to Portfolio of
Investments
110
VALIC Company I International Value
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
VALIC Company I International Value
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
* | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. The International Value Fund has no right to demand registration of these securities. At August 31, 2022, the aggregate value of these securities was $42,091,142 representing 7.8% of net assets. |
(1) | The rate shown is the 7-day yield as of August 31, 2022. |
(2) | At August 31, 2022, the Fund had loaned securities with a total value of $3,693,882. This was secured by collateral of $1,057,875, which was received in cash and subsequently invested in short-term investments currently valued at $1,057,875 as reported in the Portfolio of Investments. Additional collateral of $2,860,404 was received in the form of fixed income pooled securities, which the Fund cannot sell or repledge and accordingly, are not reflected in the Fund's assets and liabilities. The components of the fixed income pooled securities referenced above are as follows: |
Securities | Coupon Range | Maturity Date Range | Value as of August 31, 2022 |
United States Treasury Bills | 0.00% | 09/29/2022 to 12/15/2022 | $49,807 |
United States Treasury Notes/Bonds | 0.13% to 5.38% | 10/31/2022 to 11/15/2051 | 2,810,597 |
ETF—Exchange Traded Fund |
Industry Allocation* | |
Banks | 14.4% |
Short-Term Investments | 6.1 |
Home Furnishings | 4.8 |
Chemicals | 4.6 |
Telecommunications | 3.2 |
Food | 3.1 |
Oil & Gas | 3.1 |
Computers | 3.0 |
Machinery-Construction & Mining | 2.8 |
Insurance | 2.8 |
Diversified Financial Services | 2.7 |
Apparel | 2.7 |
Beverages | 2.6 |
Oil & Gas Services | 2.4 |
Media | 2.4 |
Electric | 2.4 |
Building Materials | 2.4 |
Food Service | 2.2 |
Airlines | 2.1 |
Lodging | 2.1 |
Semiconductors | 2.0 |
Electrical Components & Equipment | 2.0 |
Engineering & Construction | 1.9 |
Machinery-Diversified | 1.9 |
Healthcare-Products | 1.8 |
Energy-Alternate Sources | 1.8 |
Retail | 1.7 |
Commercial Services | 1.6 |
Software | 1.6 |
Pharmaceuticals | 1.5 |
Aerospace/Defense | 1.3 |
Auto Parts & Equipment | 1.3 |
Investment Companies | 1.3 |
Entertainment | 1.3 |
Real Estate | 1.2 |
Unaffiliated Investment Companies | 1.2 |
Electronics | 1.0 |
Packaging & Containers | 0.9 |
Miscellaneous Manufacturing | 0.4 |
99.6% |
112
VALIC Company I International Value
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Bermuda | $10,181,756 | $— | $— | $10,181,756 | |||
Brazil | 12,762,195 | — | — | 12,762,195 | |||
British Virgin Islands | 12,555,283 | — | — | 12,555,283 | |||
Canada | 12,712,293 | — | — | 12,712,293 | |||
Israel | 16,424,423 | — | — | 16,424,423 | |||
Thailand | 24,648,439 | — | — | 24,648,439 | |||
United Kingdom | 5,496,287 | 54,402,618 | — | 59,898,905 | |||
United States | 31,452,525 | — | — | 31,452,525 | |||
Other Countries | — | 317,666,202 | — | 317,666,202 | |||
Unaffiliated Investment Companies | 6,534,252 | — | — | 6,534,252 | |||
Short-Term Investments | 32,761,475 | — | — | 32,761,475 | |||
Total Investments at Value | $165,528,928 | $372,068,820 | $— | $537,597,748 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
See Notes to Portfolio of
Investments
VALIC Company I Large Capital Growth
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
114
VALIC Company I Large Capital Growth
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Security Description | Shares or Principal Amount | Value | ||
SHORT-TERM INVESTMENTS — 0.9% | ||||
U.S. Government Agency — 0.9% | ||||
Federal Home Loan Bank Disc. Notes | ||||
2.10%, 09/01/2022 | $2,830,000 | $ 2,830,000 | ||
2.16%, 09/01/2022 | 3,653,000 | 3,653,000 | ||
Total Short-Term Investments (cost $6,483,000) | 6,483,000 | |||
TOTAL INVESTMENTS (cost $545,223,840) | 100.0% | 700,440,053 | ||
Other assets less liabilities | 0.0 | 36,504 | ||
NET ASSETS | 100.0% | $700,476,557 |
† | Non-income producing security |
ADR—American Depositary Receipt |
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Apparel | $12,676,173 | $12,633,549 | $— | $25,309,722 | |||
Internet | 52,644,052 | 10,749,687 | — | 63,393,739 | |||
Other Industries | 605,253,592 | — | — | 605,253,592 | |||
Short-Term Investments | — | 6,483,000 | — | 6,483,000 | |||
Total Investments at Value | $670,573,817 | $29,866,236 | $— | $700,440,053 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
See Notes to Portfolio of
Investments
VALIC Company I Mid Cap Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
116
VALIC Company I Mid Cap Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Mid Cap Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
118
VALIC Company I Mid Cap Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Mid Cap Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Futures
Contracts
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized (Depreciation) |
118 | Long | S&P Mid Cap 400 E-Mini Index | September 2022 | $29,255,643 | $28,677,540 | $(578,103) |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
120
VALIC Company I Mid Cap Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks | $2,953,800,528 | $— | $— | $2,953,800,528 | |||
Short-Term Investments: | |||||||
U.S. Government | — | 8,713,366 | — | 8,713,366 | |||
Other Short-Term Investments | 22,206,644 | — | — | 22,206,644 | |||
Repurchase Agreements | — | 17,115,126 | — | 17,115,126 | |||
Total Investments at Value | $2,976,007,172 | $25,828,492 | $— | $3,001,835,664 | |||
LIABILITIES: | |||||||
Other Financial Instruments:† | |||||||
Futures Contracts | $578,103 | $— | $— | $578,103 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
See Notes to Portfolio of
Investments
VALIC Company I Mid Cap Strategic
Growth Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
122
VALIC Company I Mid Cap Strategic
Growth Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Mid Cap Strategic
Growth Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Commercial Services | $33,683,982 | $422,993 | $— | $34,106,975 | |||
Entertainment | — | 1,973,109 | — | 1,973,109 | |||
Other Industries | 628,976,042 | — | — | 628,976,042 | |||
Short-Term Investments | 3,705,133 | — | — | 3,705,133 | |||
Total Investments at Value | $666,365,157 | $2,396,102 | $— | $668,761,259 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
See Notes to Portfolio of
Investments
124
VALIC Company I Mid Cap Value Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
VALIC Company I Mid Cap Value Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
126
VALIC Company I Mid Cap Value Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Mid Cap Value Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks | $802,585,688 | $— | $— | $802,585,688 | |||
Short-Term Investments | 11,632,445 | — | — | 11,632,445 | |||
Repurchase Agreements | — | 609,205 | — | 609,205 | |||
Total Investments at Value | $814,218,133 | $609,205 | $— | $814,827,338 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
See Notes to Portfolio of
Investments
128
VALIC Company I Moderate Growth
Lifestyle Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
The following is a
summary of the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Affiliated Investment Companies | $892,551,643 | $— | $— | $892,551,643 | |||
Short-Term Investments | 101,760,566 | — | — | 101,760,566 | |||
Total Investments at Value | $994,312,209 | $— | $— | $994,312,209 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
See Notes to
Portfolio of Investments
VALIC Company I Nasdaq-100 Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
130
VALIC Company I Nasdaq-100 Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Futures
Contracts
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized Appreciation |
121 | Long | NASDAQ 100 E-Mini Index | September 2022 | $29,274,472 | $29,730,305 | $455,833 |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
VALIC Company I Nasdaq-100 Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks | $690,904,151 | $— | $— | $690,904,151 | |||
Short-Term Investments: | |||||||
U.S. Government | — | 3,431,614 | — | 3,431,614 | |||
Other Short-Term Investments | 3,082,481 | — | — | 3,082,481 | |||
Repurchase Agreements | — | 24,984,624 | — | 24,984,624 | |||
Total Investments at Value | $693,986,632 | $28,416,238 | $— | $722,402,870 | |||
Other Financial Instruments:† | |||||||
Futures Contracts | $455,833 | $— | $— | $455,833 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
See Notes to Portfolio of
Investments
132
VALIC Company I Science &
Technology Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
VALIC Company I Science &
Technology Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
134
VALIC Company I Science &
Technology Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Science &
Technology Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
136
VALIC Company I Science &
Technology Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Apparel | $— | $999,119 | $— | $999,119 | |||
Biotechnology | — | — | 259,325 | 259,325 | |||
E-Commerce/Services | — | — | 510,931 | 510,931 | |||
Electronics | 17,062,016 | 9,212,023 | — | 26,274,039 | |||
Entertainment | — | 3,056,072 | — | 3,056,072 | |||
Entertainment Software | — | — | 3,630,720 | 3,630,720 | |||
Healthcare-Services | 1,459,457 | — | 617,143 | 2,076,600 | |||
Internet | 567,049,454 | 44,891,378 | 0 | 611,940,832 | |||
Pharmaceuticals | 110,342 | — | 62,149 | 172,491 | |||
Retail | 3,558,353 | 16,316,449 | — | 19,874,802 | |||
Semiconductors | 330,173,104 | 27,284,437 | — | 357,457,541 | |||
Software | 444,931,707 | 2,745,835 | — | 447,677,542 | |||
Other Industries | 412,511,157 | — | — | 412,511,157 | |||
Convertible Preferred Stocks | — | — | 29,787,190 | 29,787,190 | |||
Escrows and Litigation Trusts | — | — | 1,084,494 | 1,084,494 | |||
Short-Term Investments | 40,123,815 | — | — | 40,123,815 | |||
Repurchase Agreements | — | 880,221 | — | 880,221 | |||
Total Investments at Value | $1,816,979,405 | $105,385,534 | $35,951,952 | $1,958,316,891 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
The following is a
reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:
Common Stocks | Convertible Preferred Securities | Escrow and Litigation Trusts | |||
Balance as of May 31, 2022 | $5,324,841 | $29,401,486 | $1,084,494 | ||
Accrued Discounts | - | - | - | ||
Accrued Premiums | - | - | - | ||
Realized Gain | - | - | - | ||
Realized Loss | - | - | - | ||
Change in unrealized appreciation(1) | 4,990 | 911,921 | - | ||
Change in unrealized depreciation(1) | $ (249,563) | $ (526,217) | - | ||
Net purchases | - | - | - | ||
Net sales | - | - | - | ||
Transfers into Level 3 | - | - | - | ||
Transfers out of Level 3(2) | - | - | - | ||
Balance as of August 31, 2022 | $5,080,268 | $29,787,190 | $1,084,494 |
(1) | The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at August 31, 2022 includes: |
Common Stocks | Convertible Preferred Securities | Escrow and Litigation Trusts | |||
$ (244,573) | $385,704 | $ - |
Any differences between the
change in appreciation (depreciation) in the Level 3 reconciliation and the total change in unrealized appreciation (depreciation) is attributable to securities sold/no longer held at August 31, 2022.
VALIC Company I Science &
Technology Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is quantitative
information about Level 3 fair value measurements:
Description | Fair Value at August 31, 2022 | Valuation Technique(s) | Unobservable Input (1) | Range (weighted average) |
Common Stocks | $3,630,720 | Market Approach | Market Transaction Price* | $930.0000 |
$0 | Market Approach | Market - Last Sale | $0.8560 | |
Discount for Geo-political uncertainty | 100% | |||
$222,890 | Market Approach & | Market - Merger/Acquisition Est. Value | $150,000,000.00 | |
Cost Approach | Cost - Liquidation Est. Value | $53,000,000.00 | ||
Cost - Sept 2020 Post Money Value | $199,700,000.00 | |||
Discount for Uncertainty | 30% | |||
$510,931 | Market Approach | Primary Transaction Price* | $125.0000 | |
Secondary Transaction Price* | $118.7500 | |||
Gross Merchandise Value Multiple* | 1.33x | |||
Discount for Lack of Marketability | 10.0% | |||
$617,143 | Market Approach | Transaction Price* | $136.9300 | |
Sales Multiple* | 12.80x | |||
Discount for Lack of Marketability | 10.0% | |||
$62,149 | Income Approach | Estimated Future Cash Distribution* | $1.15 | |
$36,435 | Market Approach | Market - Earnout Probability of Additional shares* | $0.865104-$1.031077 ($0.95)# | |
Preferred Securities | $2,601,300 | Market Approach | Contractual Floor of Announced Tender* | $29.00 |
$14,323,539 | Market Approach | Market Transaction Price* | $1.01584 -$99.969($57.3605)# | |
$7,032,452 | Market Approach | Market Transaction Price* | $57.3069 | |
Future Dividend Payout Adjustment | $1.5731-$4.6731 ($3.3281) | |||
$1,001,112 | Market Approach | Primary Transaction Price* | $125.0000 | |
Secondary Transaction Price* | $118.7500 | |||
Gross Merchandise Value Multiple* | 1.33x | |||
Discount for Lack of Marketability | 10.0% | |||
$2,771,954 | Market Approach | Transaction Price* | $64.4231 | |
Sales Multiple* | 4.05x | |||
Gross Merchandise Volume Multiple* | 0.60x | |||
Discount for Lack of Marketability | 10.0% | |||
$1,433,854 | Market Approach | Market Transaction Price* | $8.1000 | |
Sales Multiple* | 5.3x | |||
Discount for Lack of Marketability | 10.0% | |||
$521,723 | Market Approach | Market Transaction Price* | $3.1600 | |
Gross Profit Multiple* | 6.05x | |||
Discount for Lack of Marketability | 10.0% | |||
$101,256 | Market Approach | Sales Multiple* | 3.4x | |
Gross Profit Multiple* | 4.5x | |||
Discount for Lack of Marketability | 10.0% | |||
Escrow and Litigation Trusts | $1,084,494 | Income Approach | Estimated Future Cash Distribution* | $0.62-$0.9000 ($0.83)# |
(1) The significant unobservable inputs regarding the Level 3 securities in the table above are attributable to private securities and include assumptions made from non-public financial statements, private transactions, and/or market comparables. For those unobservable inputs indicated with *, a significant increase (decrease) in any of those inputs in isolation may result in a significantly higher (lower) fair value measurement, while the remaining unobservable inputs have an inverse relationship. | ||||
(2) The average represents the arithmetic average of the inputs and is not weighted by the relative fair value or notional amount. | ||||
# The average represents the arithmetic average of the inputs and is weighted by the relative fair value or notional amount. |
See Notes to Portfolio of
Investments
138
VALIC Company I Small Cap Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
VALIC Company I Small Cap Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
140
VALIC Company I Small Cap Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Small Cap Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
142
VALIC Company I Small Cap Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Small Cap Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
144
VALIC Company I Small Cap Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Small Cap Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
146
VALIC Company I Small Cap Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Small Cap Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
148
VALIC Company I Small Cap Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Small Cap Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
150
VALIC Company I Small Cap Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Small Cap Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
152
VALIC Company I Small Cap Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Small Cap Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
154
VALIC Company I Small Cap Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Small Cap Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
156
VALIC Company I Small Cap Index
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
(2) | The rate shown is the 7-day yield as of August 31, 2022. |
(3) | At August 31, 2022, the Fund had loaned securities with a total value of $47,755,935. This was secured by collateral of $27,984,692, which was received in cash and subsequently invested in short-term investments currently valued at $27,984,692 as reported in the Portfolio of Investments. Additional collateral of $21,536,382 was received in the form of fixed income pooled securities, which the Fund cannot sell or repledge and accordingly, are not reflected in the Fund's assets and liabilities. The components of the fixed income pooled securities referenced above are as follows: |
Securities | Coupon Range | Maturity Date Range | Value as of August 31, 2022 |
Government National Mtg. Assoc. | 1.75% to 2.50% | 11/20/2051 to 02/20/2052 | $174,943 |
United States Treasury Bills | 0.00% | 09/08/2022 to 12/15/2022 | 1,352,967 |
United States Treasury Notes/Bonds | 0.13% to 6.25% | 09/30/2022 to 05/15/2052 | 20,008,472 |
(4) | The security or a portion thereof was pledged as collateral to cover margin requirements for open futures contracts. |
CVR—Contingent Value Rights |
Futures Contracts
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized Appreciation |
373 | Long | Russell 2000 E-Mini Index | September 2022 | $33,227,471 | $34,401,790 | $1,174,319 |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Biotechnology | $66,117,915 | $— | $754 | $66,118,669 | |||
Medical - Biomedical/Gene | — | — | 1,348 | 1,348 | |||
Oil & Gas | 32,821,510 | — | 0 | 32,821,510 | |||
Pharmaceuticals | 24,603,649 | — | 63,051 | 24,666,700 | |||
Therapeutics | — | — | 0 | 0 | |||
Other Industries | 747,561,678 | — | — | 747,561,678 | |||
Warrants | 121,552 | — | — | 121,552 | |||
Short-Term Investments: | |||||||
U.S. Government | — | 2,420,086 | — | 2,420,086 | |||
Other Short-Term Investments | 27,984,692 | — | — | 27,984,692 | |||
Repurchase Agreements | — | 31,138,336 | — | 31,138,336 | |||
Total Investments at Value | $899,210,996 | $33,558,422 | $65,153 | $932,834,571 | |||
Other Financial Instruments:† | |||||||
Futures Contracts | $1,174,319 | $— | $— | $1,174,319 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
Level 3 investments in
securities were not considered a significant portion of the Fund's net assets.
See Notes to Portfolio of
Investments
VALIC Company I Small Cap Growth
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
158
VALIC Company I Small Cap Growth
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Small Cap Growth
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
160
VALIC Company I Small Cap Growth
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is a
summary of the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Audio/Video Products | $— | $— | $6,000 | $6,000 | |||
Banks | 11,257,606 | — | 102,858 | 11,360,464 | |||
Biotechnology | 56,985,268 | — | 17,442 | 57,002,710 | |||
Computer Software | — | — | 8,247 | 8,247 | |||
E-Commerce/Products | — | — | 194 | 194 | |||
Human Resources | — | — | 79,159 | 79,159 | |||
Oil & Gas | 17,651,214 | — | 932,100 | 18,583,314 | |||
Pharmaceuticals | 19,014,176 | — | 0 | 19,014,176 | |||
Software | 79,289,957 | — | 13,162 | 79,303,119 | |||
Telecommunications | 3,947,521 | — | 0 | 3,947,521 | |||
Other Industries | 314,411,812 | — | — | 314,411,812 | |||
Convertible Preferred Stocks | — | — | 2,760,762 | 2,760,762 | |||
Warrants | — | — | 4,406 | 4,406 | |||
Short-Term Investments | 5,263,227 | — | — | 5,263,227 | |||
Total Investments at Value | $507,820,781 | $— | $3,924,330 | $511,745,111 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
Level 3
investments in securities were not considered a significant portion of the Fund's net assets.
See Notes to
Portfolio of Investments
VALIC Company I Small Cap Special
Values Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
162
VALIC Company I Small Cap Special
Values Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Small Cap Special
Values Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Closed-End Funds | $— | $— | $0 | $0 | |||
Other Industries | 209,140,832 | — | — | 209,140,832 | |||
Short-Term Investments | 8,042,958 | — | — | 8,042,958 | |||
Total Investments at Value | $217,183,790 | $— | $0 | $217,183,790 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
See Notes to Portfolio of
Investments
164
VALIC Company I Small Cap Value
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
VALIC Company I Small Cap Value
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
166
VALIC Company I Small Cap Value
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Small Cap Value
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
168
VALIC Company I Small Cap Value
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Small Cap Value
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Futures
Contracts
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized (Depreciation) |
138 | Long | E-Mini Russell 2000 Index | September 2022 | $13,482,574 | $12,727,740 | $(754,834) |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
170
VALIC Company I Small Cap Value
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks | $481,131,896 | $— | $— | $481,131,896 | |||
Short-Term Investments | 4,477,805 | — | — | 4,477,805 | |||
Repurchase Agreements | — | 13,135,903 | — | 13,135,903 | |||
Total Investments at Value | $485,609,701 | $13,135,903 | $— | $498,745,604 | |||
LIABILITIES: | |||||||
Other Financial Instruments:† | |||||||
Futures Contracts | $754,834 | $— | $— | $754,834 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
See Notes to Portfolio of
Investments
VALIC Company I Stock Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
172
VALIC Company I Stock Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Stock Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
174
VALIC Company I Stock Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Stock Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
176
VALIC Company I Stock Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Futures
Contracts
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized (Depreciation) |
227 | Long | S&P 500 E-Mini Index | September 2022 | $45,578,533 | $44,906,275 | $(672,258) |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
VALIC Company I Stock Index Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks | $4,896,610,101 | $— | $— | $4,896,610,101 | |||
Short-Term Investments: | |||||||
U.S. Government | — | 4,128,621 | — | 4,128,621 | |||
Other Short-Term Investments | 10,406,805 | — | — | 10,406,805 | |||
Repurchase Agreements | — | 33,103,760 | — | 33,103,760 | |||
Total Investments at Value | $4,907,016,906 | $37,232,381 | $— | $4,944,249,287 | |||
LIABILITIES: | |||||||
Other Financial Instruments:† | |||||||
Futures Contracts | $672,258 | $— | $— | $672,258 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
See Notes to Portfolio of
Investments
178
VALIC Company I Systematic Core
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
VALIC Company I Systematic Core
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
180
VALIC Company I Systematic Core
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Systematic Core
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
182
VALIC Company I Systematic Core
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Systematic Core
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
184
VALIC Company I Systematic Core
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Systematic Core
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
186
VALIC Company I Systematic Core
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks: | |||||||
Packaging & Containers | $2,736,302 | $154,427 | $— | $2,890,729 | |||
Other Industries | 551,928,395 | — | — | 551,928,395 | |||
Unaffiliated Investment Companies | 2,484,393 | — | — | 2,484,393 | |||
Short-Term Investments | 3,268,900 | — | — | 3,268,900 | |||
Total Investments at Value | $560,417,990 | $154,427 | $— | $560,572,417 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
See Notes to Portfolio of
Investments
VALIC Company I Systematic Value
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
188
VALIC Company I Systematic Value
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I Systematic Value
Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
The following is a
summary of the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks | $440,255,138 | $— | $— | $440,255,138 | |||
Unaffiliated Investment Companies | 1,150,043 | — | — | 1,150,043 | |||
Short-Term Investments | 582,713 | — | — | 582,713 | |||
Repurchase Agreements | — | 2,842,556 | — | 2,842,556 | |||
Total Investments at Value | $441,987,894 | $2,842,556 | $— | $444,830,450 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
See Notes to
Portfolio of Investments
190
VALIC Company I U.S. Socially
Responsible Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited)
VALIC Company I U.S. Socially
Responsible Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
192
VALIC Company I U.S. Socially
Responsible Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
VALIC Company I U.S. Socially
Responsible Fund
PORTFOLIO OF INVESTMENTS
— August 31, 2022— (unaudited) — (continued)
Security Description | Shares or Principal Amount | Value | ||
REPURCHASE AGREEMENTS — 1.9% | ||||
Agreement with Fixed Income Clearing Corp., bearing interest at 0.45% dated 08/31/2022, to be repurchased 09/01/2022 in
the amount of $12,874,969 and collateralized by $14,952,600 of United States Treasury Notes, bearing interest at 1.00% due 07/31/2028 and having an approximate value of $13,132,336 (cost $12,874,808) | $12,874,808 | $ 12,874,808 | ||
TOTAL INVESTMENTS (cost $548,594,106) | 100.0% | 681,352,801 | ||
Other assets less liabilities | 0.0 | 334,354 | ||
NET ASSETS | 100.0% | $681,687,155 |
† | Non-income producing security |
(1) | The security or a portion thereof was pledged as collateral to cover margin requirements for open futures contracts. |
Futures Contracts
Number of Contracts | Type | Description | Expiration Month | Notional Basis* | Notional Value* | Unrealized Appreciation |
88 | Long | S&P 500 E-Mini Index | September 2022 | $16,457,032 | $17,408,600 | $951,568 |
* | Notional basis refers to the contractual amount agreed upon at inception of the open contract; notional value represents the current value of the open contract. |
The following is a summary of
the inputs used to value the Fund’s net assets as of August 31, 2022 (see Note 1):
Level 1 - Unadjusted Quoted Prices | Level 2 - Other Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | ||||
ASSETS: | |||||||
Investments at Value:* | |||||||
Common Stocks | $664,911,302 | $— | $— | $664,911,302 | |||
Short-Term Investments | — | 3,566,691 | — | 3,566,691 | |||
Repurchase Agreements | — | 12,874,808 | — | 12,874,808 | |||
Total Investments at Value | $664,911,302 | $16,441,499 | $— | $681,352,801 | |||
Other Financial Instruments:† | |||||||
Futures Contracts | $951,568 | $— | $— | $951,568 |
* | For a detailed presentation of investments, please refer to the Portfolio of Investments. |
† | Amounts represent unrealized appreciation/depreciation as of the end of the reporting period. |
See Notes to Portfolio of
Investments
194
NOTES TO PORTFOLIO OF
INVESTMENTS — August 31, 2022 — (unaudited)
Note 1. Security Valuation
In accordance with the
authoritative guidance on fair value measurements and disclosures under U.S. generally accepted accounting principles (“GAAP”), the Funds disclose the fair value of their investments in a hierarchy that
prioritizes the inputs to valuation techniques used to measure the fair value. In accordance with GAAP, fair value is defined as the price that the Funds would receive upon selling an asset or transferring a liability
in a timely transaction to an independent third party in the principal or most advantageous market. GAAP establishes a three-tier hierarchy to provide more transparency around the inputs used to measure fair value and
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. 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 developed based on the best information available in the circumstances. The three-tiers are as follows:
Level 1—Unadjusted
quoted prices in active markets for identical securities
Level 2—Other
significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, referenced indices, quoted prices in inactive markets, adjusted quoted prices in active
markets, adjusted quoted prices on foreign equity securities that were adjusted in accordance with pricing procedures approved by the Board of Directors (the “Board”) , etc.)
Level 3—Significant
unobservable inputs (includes inputs that reflect the Funds’ own assumptions about the assumptions market participants would use in pricing the security, developed based on the best information available under
the circumstances)
Changes in valuation
techniques may result in transfers in or out of an investment’s assigned Level within the hierarchy. The methodology used for valuing investments is not necessarily an indication of the risk associated with
investing in those investments and the determination of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to each security.
The availability of
observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is recently issued and not yet established in the
marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the
determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.
The summary of each
Fund’s assets and liabilities classified in the fair value hierarchy as of August 31, 2022, is reported on a schedule at the end of each Fund’s Portfolio of Investments.
Stocks are generally valued
based upon closing sales prices reported on recognized securities exchanges on which the securities are principally traded and are generally categorized as Level 1. Stocks listed on the NASDAQ are valued using the
NASDAQ Official Closing Price (“NOCP”). Generally, the NOCP will be the last sale price unless the reported trade for the stock is outside the range of the bid/ask price. In such cases, the NOCP will be
normalized to the nearer of the bid or ask price. For listed securities having no sales reported and for unlisted securities, such securities will be valued based upon the last reported bid price.
As of the close of regular
trading on the New York Stock Exchange (“NYSE”), securities traded primarily on security exchanges outside the United States are valued at the last sale price on such exchanges on the day of valuation, or
if there is no sale on the day of valuation, at the last-reported bid price. If a security’s price is available from more than one exchange, the Funds use the exchange that is the primary market for the
security. Such securities are generally categorized as Level 1. However, depending on the foreign market, closing prices may be up to 15 hours old when they are used to price a Fund’s shares, and a Fund may
determine that certain closing prices do not reflect the fair value of the security. This determination will be based on the review of a number of factors, including developments in foreign markets, the performance of
U.S. securities markets, and the performance of instruments trading in U.S. markets that represent foreign securities and baskets of foreign securities. If a Fund determines that closing prices do not reflect the fair
value of the securities, the Fund will adjust the previous closing prices in accordance with pricing procedures approved by the Board to reflect what it believes to be the fair value of the securities as of the close
of regular trading on the NYSE. The Funds may also fair value securities in other situations, for example, when a particular foreign market is closed but a Fund is open. For foreign equity securities and foreign
equity futures contracts, the Funds use an outside pricing service to provide it with closing market prices and information used for adjusting those prices, and when so adjusted, such securities and futures are
generally categorized as Level 2.
Bonds, debentures, and other
debt securities are valued at evaluated bid prices obtained for the day of valuation from a Board-approved pricing service, and are generally categorized as Level 2. The pricing service may use valuation models or
matrix pricing which considers information with respect to comparable bond and note transactions, quotations from bond dealers, or by reference to other securities that are considered comparable in such
characteristics as rating, interest rate, maturity date, option adjusted spread models, prepayments projections, interest rate spreads, and yield curves to determine current value. If a price is unavailable from a
Board-approved pricing service, the securities may be priced at the mean of two independent quotes obtained from brokers.
Senior floating rate loans
(“Loans”) are valued at the average of available bids in the market for such Loans, as provided by a Board-approved loan pricing service, and are generally categorized as Level 2.
Investments in registered
investment companies that do not trade on an exchange are valued at the end of day net asset value per share. Investments in registered investment companies that trade on an exchange are valued at the last sales price
or official closing price as of the close of the customary trading session on the exchange where the security is principally traded. Investments in registered investment companies are generally categorized as Level
1.
NOTES TO PORTFOLIO OF INVESTMENTS — August 31, 2022 — (unaudited) — (continued)
Futures contracts traded on
national securities exchanges are valued at the quoted daily settlement price established by the exchange on which they trade reported by a Board-approved pricing service, and are generally categorized as Level 1.
Swap contracts traded on national securities exchanges are valued at the closing price of the exchange on which they are traded or if a closing price of the exchange is not available, the swap will be valued using a
mid valuation provided by a Board-approved pricing service, and are generally categorized as Level 2. Swap contracts traded over the counter (“OTC”) are valued at a mid valuation provided by a
Board-approved pricing service, and are generally categorized as Level 2. Option contracts traded on national securities exchanges are valued at the mean of the last bid and ask price reported by a Board-approved
pricing service as of the close of the exchange on which they are traded, and are generally categorized as Level 1. Option contracts traded in the OTC market are valued at the mid valuation provided by a
Board-approved pricing service, and are generally categorized as Level 2. Forward foreign currency contracts (“forward contracts”) are valued at the 4:00 p.m. Eastern Time forward rate and are generally
categorized as Level 2.
Other securities are valued
on the basis of last sale or bid price (if a last sale price is not available) which is, in the opinion of the Adviser, the broadest and most representative market, that may be either a securities exchange or OTC
market, and are generally categorized as Level 1 or Level 2.
The Board is responsible for
the share valuation process and has adopted policies and procedures (the “PRC Procedures”) for valuing the securities and other assets held by the Funds, including procedures for the fair valuation of
securities and other assets for which market quotations are not readily available or are unreliable. The PRC Procedures provide for the establishment of a pricing review committee, which is responsible for, among
other things, making certain determinations in connection with the Series’ fair valuation procedures. Securities for which market quotations are not readily available or the values of which may be significantly
impacted by the occurrence of developments or significant events are generally categorized as Level 3. There is no single standard for making fair value determinations, which may result in prices that vary from those
of other funds.
Note 2. Derivative Instruments
Forward Foreign Currency
Contracts: A forward contract is an agreement between two parties to buy or sell currency at a set price on a future date. The market value of the contract will fluctuate with changes in currency
exchange rates. The contract is marked-to-market daily using the forward rate and the cumulative change in market value is recorded by a Fund as unrealized appreciation or depreciation. On the settlement date, a Fund
records either realized gains or losses 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.
Risks to a Fund of entering
into forward contracts include counterparty risk, market risk and illiquidity risk. Counterparty risk arises upon entering into these contracts from the potential inability of counterparties to meet the terms of their
contracts. If the counterparty defaults, a Fund’s loss will generally consist of the net amount of contractual payments that the Fund has not yet received though the Fund’s maximum exposure due to
counterparty risk could extend to the notional amount of the contract. Market risk is the risk that the value of the forward contract will depreciate due to unfavorable changes in the exchange rates. These contracts
may involve market risk in excess of the unrealized appreciation or depreciation reported on the Portfolio of Investments. Illiquidity risk arises because the secondary market for forwards may have less liquidity
relative to markets for other securities. Currency transactions are also subject to risks different from those of other portfolio transactions. Because currency control is of great importance to the issuing
governments and influences economic planning and policy, purchases and sales of currency and related instruments can be adversely affected by government exchange controls, limitations or restrictions on repatriation
of currency, and manipulations or exchange restrictions imposed by governments.
Forward foreign currency
contracts outstanding at the end of the period, if any, are reported on a schedule at the end of each Fund’s Portfolio of Investments.
Futures: A futures contract is an agreement between two parties to buy and sell a financial instrument at a set price on a future date. Upon entering into a futures transaction, a Fund will be
required to segregate an initial margin payment of cash or other liquid securities with the futures commission merchant (the “broker”). Subsequent payments are made or received by a Fund as a result of
changes in the value of the contract and/or changes in the value of the initial margin requirement. When a contract is closed, a 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.
The primary risk to a Fund of
entering into futures contracts is market risk. Market risk is the risk that there will be an unfavorable change in the interest rate, value or currency rate of the underlying security or securities. Futures contracts
involve, to varying degrees, risk of loss in excess of the variation margin. There may also be trading restrictions or limitations imposed by an exchange, and government regulations may restrict trading in futures
contracts. While a Fund will generally only purchase exchange-traded futures, due to market conditions, there may not always be a liquid secondary market for a futures contract and, as a result, the Fund may be unable
to close out its futures contracts at a time which is advantageous. In addition, if a Fund has insufficient cash to meet margin requirements, the Fund may need to sell other investments, including at disadvantageous
times. There is generally minimal counterparty risk to a Fund since the futures contracts are generally exchange-traded.
Futures contracts outstanding
at the end of the period, if any, are reported on a schedule at the end of each Fund’s Portfolio of Investments.
Options: An option is a contract conveying a right to buy or sell a financial instrument at a specified price during a stipulated period. When a Fund writes a call or a put option, it receives a
premium which is equal to the current market value of the option written. If a Fund purchases a call or a put option, it pays a premium which reflects the current market value of the option. The option position is
marked to market daily and its value fluctuates based upon the value of the underlying financial instrument, time to expiration, cost of borrowing funds, and volatility of the value of the underlying financial
instrument. If an option which a Fund has written either expires on its stipulated expiration date, or if the Fund enters into a closing purchase transaction, the Fund realizes a gain (or loss if the cost of a closing
purchase transaction exceeds the premium received when the option was written) without regard to any unrealized gain or loss on the underlying security, and the liability related to such options is extinguished. If a
call option which a Fund has written 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 premium originally received. If a put
option which a Fund has written is exercised, the amount of the premium originally received reduces the cost of the security which the Fund purchased upon exercise of the option. Options may be traded on a national
securities exchange or in the OTC market.
196
NOTES TO PORTFOLIO OF
INVESTMENTS — August 31, 2022 — (unaudited) — (continued)
Risks to a Fund of entering
into option contracts include counterparty risk, market risk and, with respect to OTC options, illiquidity risk. Counterparty risk arises from the potential inability of counterparties to meet the terms of their
contracts. If the counterparty defaults, a Fund’s loss will consist of the net amount of contractual payments that the Fund has not yet received. Market risk is the risk that there will be an unfavorable change
in the value of the underlying securities. There is also the risk a Fund may not be able to enter into a closing transaction because of an illiquid market. In addition, unlisted options are not traded on an exchange
and may not be as actively traded as listed options, making the valuation of such securities more difficult. An unlisted option also entails a greater risk that the party on the other side of the option transaction
may default, which would make it impossible to close out an unlisted option position in some cases, and profits related to the transaction lost thereby.
Option contracts outstanding
at the end of the period, if any, are reported on a schedule at the end of each Fund’s Portfolio of Investments.
Swap Contracts: Certain Funds may enter into credit default, interest rate, equity and/or total return swap contracts. Swap contracts are privately negotiated in the OTC market and may be entered into as
a bilateral contract or a centrally cleared contract (“centrally cleared swaps”). In a centrally cleared swap, immediately following execution of the swap contract, the swap contract is novated to a
central counterparty (the “CCP”) and a Fund faces the CCP through a broker. Upon entering into a centrally cleared swap, a Fund is required to deposit initial margin with the broker in the form of cash or
securities in an amount that varies depending on the size and risk profile of the particular swap. Securities deposited as initial margin are designated on the Portfolio of Investments. Unlike a bilateral swap
contract, for centrally cleared swaps, a Fund has no credit exposure to the counterparty as the CCP stands between the Funds and the counterparty. Swaps are marked-to-market daily and the changes in value are recorded
as an unrealized gain (loss). The daily change in valuation of swap contracts, if any, is recorded as unrealized appreciation (depreciation) on swap contracts. When the swap is terminated, a Fund will record a
realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the Fund’s basis in the contract, if any. Generally, the basis of the contracts is the premium
received or paid. Upfront payments and receipts on swap contracts are amortized on a daily basis. Net periodic payments made or received by a Fund are included as part of realized gain (loss).
Credit Default Swap
Agreements: Credit default swaps are generally contracts in which one party makes periodic fixed-rate payments or a one time premium payment (referred to as the buyer of protection) to another party
(the seller of protection) in exchange for the right to receive a specified payment in the event of a default or other credit event for the referenced entity, obligation or index. As a seller of protection on credit
default swaps, a Fund will generally receive from the buyer of protection a fixed rate of income throughout the term of the swap provided that there is no credit event. As the seller, a Fund would effectively add
leverage to its portfolio because, in addition to its total net assets, the Fund would be subject to investment exposure on the notional amount of the swap. If a Fund is a seller of protection and a credit event
occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced
obligation, other deliverable obligations or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less
the recovery value of the referenced obligation or underlying securities comprising the referenced index. As a buyer of protection on credit default swaps, a Fund will make periodic payments, similar to an insurance
premium and the seller of protection agrees to compensate the Fund for future potential losses as a result of a credit event on the reference bond or other asset. A Fund effectively transfers the credit event risk of
the reference bond or asset from it to the seller of protection. If a Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i)
receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or
(ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced
index. Recovery values are assumed by market makers considering either industry standard recovery rates or entity specific factors and considerations until a credit event occurs. If a credit event has occurred, the
recovery value is determined by a facilitated auction whereby a minimum number of allowable broker bids, together with a specified valuation method, are used to calculate the settlement value.
Credit default swaps on
credit indices are generally contracts in which the buyer of protection makes periodic fixed-rate payments or a one time premium payment to the seller of protection in exchange for the right to receive a specified
payment in the event of a write-down, principal shortfall, interest shortfall or default of all or part of the referenced entities comprising the credit index. A credit index is a list of a basket of credit
instruments or exposures designed to be representative of some part of the credit market as a whole. These indices are made up of reference credits that are judged by a poll of dealers to be the most liquid entities
in the credit default swap market based on the sector of the index. Components of the indices may include, but are not limited to, investment grade securities, high yield securities, asset backed securities, emerging
markets, and/or various credit ratings within each sector. Credit indices are traded using credit default swaps with standardized terms including a fixed spread and standard maturity dates. An index credit default
swap references all the names in the index, and if there is a default, the credit event is settled based on that name’s weight in the index. The composition of the indices changes periodically, usually every six
months, and for most indices, each name has an equal weight in the index. A Fund may use credit default swaps on credit indices to hedge a portfolio of credit default swaps or bonds which is less expensive than it
would be to enter into many credit default swaps to achieve a similar effect. Credit-default swaps on indices are used for protecting investors owning bonds against default, and also to speculate on changes in credit
quality.
Implied credit spreads,
represented in absolute terms, utilized in determining the market value of credit default swaps on corporate issues or sovereign issues of an emerging market country as of period end are reported on a schedule at the
end of each Fund’s Portfolio of Investments and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied
credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. For credit default swaps on asset-based
securities and credit indices, the quoted market prices and resulting values serve as the indicator of the current status of the payment/ performance risk. Wider credit spreads and increasing market values, in
absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring
as defined under the terms of the agreement. The maximum potential amount of future payments (undiscounted) that a Fund as a seller of protection could be required to make under a credit default swap would be an
amount equal to the notional amount of the agreement. Notional amounts of all credit default swaps outstanding at the end of the period, for which a Fund is the seller of protection, if any, are disclosed on a
schedule following each Fund’s Portfolio of Investments. These potential amounts would be partially offset by any recovery values of the respective referenced obligations, upfront payments received upon entering
into the agreement, or net amounts received from the settlement of buy protection credit default swaps entered into by a Fund for the same referenced entity or entities.
NOTES TO PORTFOLIO OF INVESTMENTS — August 31, 2022 — (unaudited) — (continued)
Credit default swap contracts
outstanding at the end of the period, if any, are reported on a schedule at the end of each Fund’s Portfolio of Investments.
Interest Rate Swap
Agreements: Interest rate swaps involve the exchange by a Fund with another party of their respective commitments to pay or receive interest with respect to the notional amount of principal. Since
interest rate swaps are individually negotiated, a Fund expects to achieve an acceptable degree of correlation between their respective portfolio investments and their interest rate positions. A Fund will enter into
interest rate swaps only on a net basis, which means that the two payment streams are netted out, with the Funds receiving or paying, as the case may be, only the net amount of the two payments.
Interest rate swaps do not
involve the delivery of securities, other underlying assets or principal. Accordingly, the risk of loss with respect to interest rate swaps is limited to the net amount of interest payments that a Fund is
contractually obligated to make. If the other party to an interest rate swap defaults, a Fund’s risk of loss consists of the net discounted amount of interest payments that the Fund is contractually entitled to
receive, if any. The use of interest rate swaps is a highly specialized activity which involves investment techniques and risks different from those associated with ordinary Fund securities transactions.
Interest rate swap contracts
outstanding at the end of the period, if any, are reported on a schedule at the end of each Fund’s Portfolio of Investments.
Risks of Entering into Swap
Agreements: Risks to a Fund of entering into credit default swaps, total return swaps and interest rate swaps, include credit risk, market risk, counterparty risk, liquidity risk and documentation
risk. By entering into swap agreements, a Fund may be exposed to risk of potential loss due to unfavorable changes in interest rates, the price of the underlying security or index, or the underlying referenced
asset’s perceived or actual credit, that the counterparty may default on its obligation to perform or the possibility that there is no liquid market for these agreements. There is also the risk that the parties
may disagree as to the meaning of contractual terms in the swap agreement. In addition, to the extent that a subadviser does not accurately analyze and predict the underlying economic factors influencing the value of
the swap, a Portfolio may suffer a loss.
Master Agreements: Certain Funds that hold derivative instruments and other financial instruments may be a party to ISDA (International Swaps and Derivatives Association, Inc.) Master Agreements or similar
agreements (“Master Agreements”) with certain counterparties that govern such instruments. Master Agreements may contain provisions regarding, among other things, the parties’ general obligations,
representations, agreements, collateral requirements, events of default and early termination. Collateral can be in the form of cash or securities as agreed to by a Fund and applicable counterparty. Collateral
requirements are generally determined based on a Fund’s net position with each counterparty. Master Agreements may also include certain provisions that require a Fund to post additional collateral upon the
occurrence of certain events, such as when the Fund’s net assets fall below a specified level. In addition, Master Agreements typically specify certain standard termination events, such as failure of a party to
pay or deliver, credit support defaults and other events of default. Termination events applicable to a Fund may also occur upon a decline in the Fund’s net assets below a specified level over a certain period
of time. Additional termination events applicable to counterparties may occur upon a decline in a counterparty’s long-term and short-term credit ratings below a specified level, or upon a decline in the ratings
of a counterparty’s credit support provider. Upon the occurrence of a termination event, the other party may elect to terminate early and cause settlement of all instruments outstanding pursuant to a particular
Master Agreement, including the payment of any losses and costs resulting from such early termination, as reasonably determined by the terminating party. Any decision by one or more of a Fund’s counterparties to
elect early termination could cause the Fund to accelerate the payment of liabilities, which settlement amounts could be in excess of the amount of assets that are already posted as collateral. Typically, the Master
Agreement will permit a single net payment in the event of default. Note, however, that bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against the right of offset
in bankruptcy, insolvency or other events. As a result, the early termination with respect to derivative instruments subject to Master Agreements that are in a net liability position could be material to a
Fund’s financial statements.
The following table
represents the Fund’s objectives for using derivative instruments the for the period ended August 31, 2022:
Objectives for Using Derivatives | |||||||||||
Fund | Futures Contracts | Foreign Exchange Contracts | Options Contracts | Interest Rate Swap Contracts | Credit Default Swap Contracts | ||||||
Asset Allocation | 1 | - | - | - | - | ||||||
Dynamic Allocation | 1 | - | 1 | - | - | ||||||
Emerging Economies | 1 | - | - | - | - | ||||||
Global Strategy | 1, 2 | 3 | - | - | - | ||||||
Growth | 1 | - | - | - | - | ||||||
High Yield Bond | - | 3 | - | - | - | ||||||
Inflation Protected | 1, 2 | 3 | - | 2 | 4, 5 | ||||||
International Equities Index | 1 | - | - | - | - | ||||||
International Growth | - | - | 6 | - | - | ||||||
International Socially Responsible | 1 | - | - | - | - | ||||||
Mid Cap Index | 1 | - | - | - | - | ||||||
Nasdaq-100® Index | 1 | - | - | - | - | ||||||
Small Cap Index | 1 | - | - | - | - | ||||||
Small Cap Value | 1 | - | - | - | - | ||||||
Stock Index | 1 | - | - | - | - | ||||||
U.S. Socially Responsible | 1 | - | - | - | - |
(1) To manage exposures in certain
securities markets.
(2) To manage interest rate risk and
the duration of the portfolio.
198
NOTES TO PORTFOLIO OF
INVESTMENTS — August 31, 2022 — (unaudited) — (continued)
(3) To manage foreign currency
exchange rate risk.
(4) To manage credit risk.
(5) To manage against or gain exposure
to certain securities and/or sectors.
(6) To manage foreign currency risk
resulting directly or indirectly from investments in equity holdings.
Note 3. Transactions with Affiliates
As disclosed in the Portfolio
of Investments, certain Funds owned shares of various VALIC Co. I Funds and securities issued by American International Group, Inc. or an affiliate thereof. During the period ended August 31, 2022, transactions in
these securities were as follows:
Aggressive Growth Lifestyle Fund | ||||||||||||||||
Security | Income | Capital Gain Distribution Received | Value at May 31, 2022 | Cost of Purchases† | Proceeds of Sales | Realized Gain/(Loss) | Change in Unrealized Gain (Loss) | Value at August 31, 2022 | ||||||||
VALIC Company I Blue Chip Growth Fund | $— | $— | $5,919,278 | $2,268,231 | $5,545,050 | $(1,385,335) | $767,947 | $2,025,071 | ||||||||
VALIC Company I Capital Appreciation Fund | - | - | 28,902,135 | - | - | - | (886,292) | 28,015,843 | ||||||||
VALIC Company I Core Bond Fund | - | - | 123,355,503 | - | - | - | (2,795,248) | 120,560,255 | ||||||||
VALIC Company I Dividend Value Fund | - | - | 8,273,894 | - | - | - | (507,332) | 7,766,562 | ||||||||
VALIC Company I Emerging Economies Fund | - | - | 10,147,532 | - | - | - | (1,119,727) | 9,027,805 | ||||||||
VALIC Company I Global Real Estate Fund | - | - | 18,344,606 | - | - | - | (1,357,064) | 16,987,542 | ||||||||
VALIC Company I Government Securities Fund | - | - | 2,039,886 | 28,430,840 | 4,699,763 | (183,367) | (65,983) | 25,521,613 | ||||||||
VALIC Company I High Yield Bond Fund | - | - | 10,820,074 | - | 6,470,178 | (399,300) | 97,427 | 4,048,023 | ||||||||
VALIC Company I Inflation Protected Fund | - | - | 23,548,584 | - | 5,602,807 | (13,804) | (188,788) | 17,743,185 | ||||||||
VALIC Company I International Equities Index Fund | - | - | 22,806,542 | 7,804,254 | 1,285,365 | (158,167) | (2,422,687) | 26,744,577 | ||||||||
VALIC Company I International Government Bond Fund | - | - | 8,689,210 | - | 856,900 | (139,076) | (308,403) | 7,384,831 | ||||||||
VALIC Company I International Growth Fund | - | - | 3,902,127 | - | 3,644,843 | (421,563) | 164,279 | - | ||||||||
VALIC Company I International Opportunities Fund | - | - | 32,210,899 | - | - | - | (3,036,109) | 29,174,790 | ||||||||
VALIC Company I International Value Fund | - | - | 21,498,433 | - | 3,902,127 | (723,189) | (1,240,980) | 15,632,137 | ||||||||
VALIC Company I Large Capital Growth Fund | - | - | 33,273,609 | 10,142,997 | - | - | (1,191,419) | 42,225,187 | ||||||||
VALIC Company I Mid Cap Index Fund | - | - | 30,343,226 | - | 1,285,367 | (57,970) | (840,645) | 28,159,244 | ||||||||
VALIC Company I Mid Cap Strategic Growth Fund | - | - | 16,584,783 | - | - | - | (361,749) | 16,223,034 | ||||||||
VALIC Company I Mid Cap Value Fund | - | - | 21,211,382 | - | - | - | (1,387,372) | 19,824,010 | ||||||||
VALIC Company I Nasdaq-100 Index Fund | - | - | 11,002,443 | 2,268,231 | - | - | (543,636) | 12,727,038 | ||||||||
VALIC Company I Science & Technology Fund | - | - | 1,955,235 | - | - | - | (56,599) | 1,898,636 | ||||||||
VALIC Company I Small Cap Growth Fund | - | - | 6,333,849 | - | - | - | 287,317 | 6,621,166 | ||||||||
VALIC Company I Small Cap Index Fund | - | - | 4,274,210 | - | - | - | (34,371) | 4,239,839 | ||||||||
VALIC Company I Small Cap Special Values Fund | - | - | 4,144,274 | - | 1,629,607 | 465,413 | (580,213) | 2,399,867 | ||||||||
VALIC Company I Small Cap Value Fund | - | - | 4,080,145 | - | 4,245,882 | 1,211,268 | (1,045,531) | - | ||||||||
VALIC Company I Stock Index Fund | - | - | 82,154,333 | - | 3,271,841 | 726,109 | (3,875,416) | 75,733,185 | ||||||||
VALIC Company I Systematic Core Fund | - | - | 14,066,794 | - | - | - | (578,088) | 13,488,706 | ||||||||
VALIC Company I Systematic Value Fund | - | - | 58,692,796 | - | 3,089,603 | (664,548) | (2,310,043) | 52,628,602 | ||||||||
$— | $— | $608,575,782 | $50,914,553 | $45,529,333 | $(1,743,529) | $(25,416,725) | $586,800,748 | |||||||||
† Includes reinvestments of distributions paid. |
Conservative Growth Lifestyle Fund | ||||||||||||||||
Security | Income | Capital Gain Distribution Received | Value at May 31, 2022 | Cost of Purchases† | Proceeds of Sales | Realized Gain/(Loss) | Change in Unrealized Gain (Loss) | Value at August 31, 2022 | ||||||||
VALIC Company I Blue Chip Growth Fund | $— | $— | $1,469,662 | $100,641 | $1,376,747 | $(343,963) | $240,259 | $89,852 | ||||||||
VALIC Company I Capital Appreciation Fund | - | - | 7,766,752 | - | - | - | (238,170) | 7,528,582 | ||||||||
VALIC Company I Core Bond Fund | - | - | 152,632,044 | - | - | - | (3,458,658) | 149,173,386 | ||||||||
VALIC Company I Dividend Value Fund | - | - | 1,988,234 | - | - | - | (121,913) | 1,866,321 | ||||||||
VALIC Company I Emerging Economies Fund | - | - | 1,876,556 | - | - | - | (207,068) | 1,669,488 | ||||||||
VALIC Company I Global Real Estate Fund | - | - | 5,009,803 | - | - | - | (370,606) | 4,639,197 | ||||||||
VALIC Company I Government Securities Fund | - | - | 7,416,181 | 5,639,209 | - | - | (185,514) | 12,869,876 | ||||||||
VALIC Company I High Yield Bond Fund | - | - | 24,335,243 | - | 8,079,556 | (847,384) | 93,468 | 15,501,771 | ||||||||
VALIC Company I Inflation Protected Fund | - | - | 16,394,215 | - | 2,812,701 | (5,931) | (133,116) | 13,442,467 | ||||||||
VALIC Company I International Equities Index Fund | - | - | 7,969,764 | 219,322 | 2,212,309 | 86,860 | (800,596) | 5,263,041 | ||||||||
VALIC Company I International Government Bond Fund | - | - | 12,393,306 | - | 430,177 | (70,843) | (586,247) | 11,306,039 |
NOTES TO PORTFOLIO OF INVESTMENTS — August 31, 2022 — (unaudited) — (continued)
Conservative Growth Lifestyle Fund | ||||||||||||||||
Security | Income | Capital Gain Distribution Received | Value at May 31, 2022 | Cost of Purchases† | Proceeds of Sales | Realized Gain/(Loss) | Change in Unrealized Gain (Loss) | Value at August 31, 2022 | ||||||||
VALIC Company I International Opportunities Fund | - | - | 8,473,900 | - | - | - | (798,726) | 7,675,174 | ||||||||
VALIC Company I International Value Fund | - | - | 2,717,290 | - | - | - | (279,963) | 2,437,327 | ||||||||
VALIC Company I Large Capital Growth Fund | - | - | 4,737,978 | 4,680,132 | - | - | (75,370) | 9,342,740 | ||||||||
VALIC Company I Mid Cap Index Fund | - | - | 7,208,183 | 219,322 | 6,348,634 | (1,241,403) | 952,493 | 789,961 | ||||||||
VALIC Company I Mid Cap Strategic Growth Fund | - | - | 4,198,808 | - | - | - | (91,584) | 4,107,224 | ||||||||
VALIC Company I Mid Cap Value Fund | - | - | 1,983,156 | - | - | - | (129,712) | 1,853,444 | ||||||||
VALIC Company I Nasdaq-100 Index Fund | - | - | 1,518,114 | 100,641 | - | - | (53,387) | 1,565,368 | ||||||||
VALIC Company I Science & Technology Fund | - | - | 495,283 | 808,114 | - | - | (979) | 1,302,418 | ||||||||
VALIC Company I Small Cap Growth Fund | - | - | 1,616,231 | - | 808,116 | (332,588) | 334,097 | 809,624 | ||||||||
VALIC Company I Small Cap Index Fund | - | - | 920,329 | - | 460,165 | (190,687) | 170,975 | 440,452 | ||||||||
VALIC Company I Small Cap Special Values Fund | - | - | 1,078,150 | - | 790,677 | 204,699 | (231,024) | 261,148 | ||||||||
VALIC Company I Small Cap Value Fund | - | - | 126,339 | - | 122,046 | 16,742 | (21,035) | - | ||||||||
VALIC Company I Stock Index Fund | - | - | 12,004,886 | 5,542,013 | 3,738,738 | (961,157) | 608,437 | 13,455,441 | ||||||||
VALIC Company I Systematic Core Fund | - | - | 3,804,278 | - | - | - | (156,340) | 3,647,938 | ||||||||
VALIC Company I Systematic Value Fund | - | - | 14,313,339 | - | 1,580,076 | (403,762) | (345,010) | 11,984,491 | ||||||||
$— | $— | $304,448,024 | $17,309,394 | $28,759,942 | $(4,089,417) | $(5,885,289) | $283,022,770 | |||||||||
† Includes reinvestments of distributions paid. |
Dynamic Allocation Fund | ||||||||||||||||
Security | Income | Capital Gain Distribution Received | Value at May 31, 2022 | Cost of Purchases† | Proceeds of Sales | Realized Gain/(Loss) | Change in Unrealized Gain (Loss) | Value at August 31, 2022 | ||||||||
VALIC Company I Blue Chip Growth Fund | $— | $— | $4,352,660 | $106,450 | $199,840 | $(36,489) | $(78,073) | $4,144,708 | ||||||||
VALIC Company I Capital Appreciation Fund | — | — | 5,784,500 | 406,192 | 293,904 | 48,270 | (226,969) | 5,718,089 | ||||||||
VALIC Company I Core Bond Fund | — | — | 21,892,330 | 571,284 | 1,072,477 | (128,651) | (361,550) | 20,900,936 | ||||||||
VALIC Company I Dividend Value Fund | — | — | 8,294,785 | 212,965 | 400,485 | 41,578 | (540,163) | 7,608,680 | ||||||||
VALIC Company I Emerging Economies Fund | — | — | 977,433 | 26,548 | 49,156 | 8,718 | (115,625) | 847,918 | ||||||||
VALIC Company I Global Real Estate Fund | — | — | 1,385,053 | 753,225 | 99,920 | (9,906) | (126,404) | 1,902,048 | ||||||||
VALIC Company I Government Securities Fund | — | — | 7,631,912 | 198,707 | 373,036 | (16,654) | (98,906) | 7,342,023 | ||||||||
VALIC Company I Growth Fund | — | — | 5,931,872 | 359,740 | 300,565 | (14,475) | (181,304) | 5,795,268 | ||||||||
VALIC Company I High Yield Bond Fund | — | — | 1,396,486 | 35,483 | 66,612 | (4,555) | (46,319) | 1,314,483 | ||||||||
VALIC Company I Inflation Protected Fund | — | — | 2,623,125 | 63,870 | 119,904 | (2,537) | (18,777) | 2,545,777 | ||||||||
VALIC Company I International Equities Index Fund | — | — | 2,953,676 | 76,289 | 143,218 | 3,637 | (291,039) | 2,599,345 | ||||||||
VALIC Company I International Government Bond Fund | — | — | 639,455 | 17,742 | 33,306 | (4,274) | (29,776) | 589,841 | ||||||||
VALIC Company I International Growth Fund | — | — | 3,157,674 | 77,999 | 145,745 | 486 | (240,453) | 2,849,961 | ||||||||
VALIC Company I International Opportunities Fund | — | — | 492,358 | 14,129 | 25,841 | (14,475) | (31,220) | 434,951 | ||||||||
VALIC Company I International Socially Responsible Fund | — | — | 2,185,662 | 62,032 | 115,770 | (46,611) | (167,663) | 1,917,650 | ||||||||
VALIC Company I International Value Fund | — | — | 5,002,934 | 129,450 | 242,336 | 39,582 | (548,145) | 4,381,485 | ||||||||
VALIC Company I Large Capital Growth Fund | — | — | 6,542,883 | 322,095 | 323,075 | 131,125 | (375,346) | 6,297,682 | ||||||||
VALIC Company I Mid Cap Index Fund | — | — | 1,766,220 | 44,354 | 83,266 | 2,179 | (53,490) | 1,675,997 | ||||||||
VALIC Company I Mid Cap Strategic Growth Fund | — | — | 1,710,726 | 44,354 | 83,267 | (46,318) | 11,481 | 1,636,976 | ||||||||
VALIC Company I Mid Cap Value Fund | — | — | 2,428,635 | 53,225 | 99,920 | (10,759) | (145,086) | 2,226,095 | ||||||||
VALIC Company I Small Cap Growth Fund | — | — | 636,419 | 24,838 | 46,630 | (49,304) | 79,170 | 644,493 | ||||||||
VALIC Company I Small Cap Index Fund | — | — | 922,648 | 26,613 | 49,960 | (11,255) | 5,259 | 893,305 | ||||||||
VALIC Company I Small Cap Special Values Fund | — | — | 1,233,767 | 28,387 | 53,291 | (2,047) | (66,982) | 1,139,834 | ||||||||
VALIC Company I Small Cap Value Fund | — | — | 436,549 | 8,871 | 16,654 | 2,702 | (19,270) | 412,198 | ||||||||
VALIC Company I Stock Index Fund | — | — | 12,725,096 | 319,416 | 600,326 | 84,755 | (568,943) | 11,959,998 | ||||||||
VALIC Company I Systematic Core Fund | — | — | 10,194,941 | 255,546 | 480,422 | (63,215) | (342,195) | 9,564,655 | ||||||||
VALIC Company I Systematic Value Fund | — | — | 17,929,907 | 390,318 | 2,032,748 | (441,020) | (390,678) | 15,455,779 | ||||||||
VALIC Company I U.S. Socially Responsible Fund | — | — | 8,424,537 | 218,223 | 409,674 | 18,833 | (422,741) | 7,829,178 | ||||||||
$— | $— | $139,654,243 | $4,848,345 | $7,961,348 | $(520,680) | $(5,391,207) | $130,629,353 | |||||||||
† Includes reinvestments of distributions paid. |
200
NOTES TO PORTFOLIO OF
INVESTMENTS — August 31, 2022 — (unaudited) — (continued)
Moderate Growth Lifestyle Fund | ||||||||||||||||
Security | Income | Capital Gain Distribution Received | Value at May 31, 2022 | Cost of Purchases† | Proceeds of Sales | Realized Gain/(Loss) | Change in Unrealized Gain (Loss) | Value at August 31, 2022 | ||||||||
VALIC Company I Blue Chip Growth Fund | $— | $— | $6,607,305 | $3,008,173 | $6,189,578 | $(1,546,292) | $806,082 | $2,685,690 | ||||||||
VALIC Company I Capital Appreciation Fund | - | - | 38,241,575 | - | - | - | (1,172,689) | 37,068,886 | ||||||||
VALIC Company I Core Bond Fund | - | - | 281,305,607 | - | - | - | (6,374,413) | 274,931,194 | ||||||||
VALIC Company I Dividend Value Fund | - | - | 6,624,396 | - | - | - | (406,189) | 6,218,207 | ||||||||
VALIC Company I Emerging Economies Fund | - | - | 11,230,694 | - | - | - | (1,239,249) | 9,991,445 | ||||||||
VALIC Company I Global Real Estate Fund | - | - | 20,261,834 | - | - | - | (1,498,894) | 18,762,940 | ||||||||
VALIC Company I Government Securities Fund | - | - | 10,792,099 | 48,645,749 | 7,222,475 | (612,827) | 48,640 | 51,651,186 | ||||||||
VALIC Company I High Yield Bond Fund | - | - | 23,087,172 | - | 14,301,476 | (878,699) | 239,031 | 8,146,028 | ||||||||
VALIC Company I Inflation Protected Fund | - | - | 50,536,520 | - | 8,888,208 | 30,308 | (459,334) | 41,219,286 | ||||||||
VALIC Company I International Equities Index Fund | - | - | 53,585,227 | 5,144,970 | 7,765,063 | (786,670) | (4,331,693) | 45,846,771 | ||||||||
VALIC Company I International Government Bond Fund | - | - | 22,007,368 | - | 1,359,373 | (256,231) | (896,415) | 19,495,349 | ||||||||
VALIC Company I International Growth Fund | - | - | 2,572,485 | - | 2,402,871 | (207,344) | 37,730 | - | ||||||||
VALIC Company I International Opportunities Fund | - | - | 33,311,702 | - | - | - | (3,139,867) | 30,171,835 | ||||||||
VALIC Company I International Value Fund | - | - | 16,774,105 | - | 2,572,485 | (92,165) | (1,470,721) | 12,638,734 | ||||||||
VALIC Company I Large Capital Growth Fund | - | - | 36,222,651 | 13,052,540 | - | - | (1,273,957) | 48,001,234 | ||||||||
VALIC Company I Mid Cap Index Fund | - | - | 40,941,716 | - | 10,505,937 | (448,064) | (1,241,734) | 28,745,981 | ||||||||
VALIC Company I Mid Cap Strategic Growth Fund | - | - | 20,888,317 | - | - | - | (455,618) | 20,432,699 | ||||||||
VALIC Company I Mid Cap Value Fund | - | - | 24,229,229 | - | - | - | (1,584,760) | 22,644,469 | ||||||||
VALIC Company I Nasdaq-100 Index Fund | - | - | 14,440,515 | 8,173,137 | - | - | (1,242,704) | 21,370,948 | ||||||||
VALIC Company I Science & Technology Fund | - | - | 2,923,293 | - | - | - | (84,621) | 2,838,672 | ||||||||
VALIC Company I Small Cap Growth Fund | - | - | 7,733,016 | - | - | - | 350,787 | 8,083,803 | ||||||||
VALIC Company I Small Cap Index Fund | - | - | 5,744,108 | - | - | - | (46,191) | 5,697,917 | ||||||||
VALIC Company I Small Cap Special Values Fund | - | - | 4,393,542 | - | 2,582,482 | 756,625 | (813,688) | 1,753,997 | ||||||||
VALIC Company I Small Cap Value Fund | - | - | 4,985,822 | - | 5,188,348 | 1,536,573 | (1,334,047) | - | ||||||||
VALIC Company I Stock Index Fund | - | - | 103,932,460 | - | 7,176,660 | 1,465,666 | (5,515,291) | 92,706,175 | ||||||||
VALIC Company I Systematic Core Fund | - | - | 14,770,463 | - | - | - | (607,006) | 14,163,457 | ||||||||
VALIC Company I Systematic Value Fund | - | - | 76,109,591 | - | 4,941,148 | (1,257,736) | (2,625,967) | 67,284,740 | ||||||||
$— | $— | $934,252,812 | $78,024,569 | $81,096,104 | $(2,296,856) | $(36,332,778) | $892,551,643 | |||||||||
† Includes reinvestments of distributions paid. |
Stock Index Fund | ||||||||||||||||
Security | Income | Capital Gain Distribution Received | Value at May 31 , 2022 | Cost of Purchases | Proceeds of Sales | Realized Gain/(Loss) | Change in Unrealized Gain (Loss) | Value at August 31 , 2022 | ||||||||
American International Group, Inc. - Common Stock | $41,773 | $— | $7,660,204 | $— | $728,207 | $254,498 | $(1,164,089) | $6,022,406 |
ADDITIONAL INFORMATION
Additional information is
available in the VALIC Company I’s Annual and Semi-annual reports which may be obtained without charge from the EDGAR database on the Securities and Exchange Commission’s website at http://www.sec.gov.