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Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Asset Allocation Fund

VCAAX | Fund

$12.24

$147 M

1.38%

$0.17

0.70%

Vitals

YTD Return

15.5%

1 yr return

16.1%

3 Yr Avg Return

5.1%

5 Yr Avg Return

7.7%

Net Assets

$147 M

Holdings in Top 10

27.4%

52 WEEK LOW AND HIGH

$12.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 199.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Asset Allocation Fund

VCAAX | Fund

$12.24

$147 M

1.38%

$0.17

0.70%

VCAAX - Profile

Distributions

  • YTD Total Return 15.5%
  • 3 Yr Annualized Total Return 5.1%
  • 5 Yr Annualized Total Return 7.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.74%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Asset Allocation Fund
  • Fund Family Name
    VALIC Company
  • Inception Date
    Sep 01, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeffrey Geller

Fund Description

The Fund attempts to achieve its investment objective by investing in a diverse combination of equity and fixed income investments. Under normal circumstances, the Fund intends to invest approximately 60% of its assets in equity securities and approximately 40% of its assets in fixed income securities.The equity securities in which the Fund primarily intends to invest include common stocks of large and medium capitalization U.S. companies included in the S&P 500®Index. Sector by sector, the Fund’s weightings in its equity portion are similar to those of the S&P 500® Index. Within each sector, the Fund focuses on those equity securities that it considers most undervalued and seeks to outperform the S&P 500® Index through superior stock selection. By emphasizing undervalued equity securities, the Fund seeks to produce returns that exceed those of the S&P 500® Index. At the same time, by controlling the sector weightings of the Fund so they can differ only moderately from the sector weightings of the S&P 500®Index, the Fund seeks to limit its volatility to that of the overall market, as represented by this index. It will also look to identify companies that regularly pay dividends.In managing the equity portion of the Fund, the subadviser employs a three-step process that combines research, valuation and stock selection. The subadviser takes an in-depth look at company prospects over a period as long as five years, which is designed to provide insight into a company’s real growth potential. The research findings allow the subadviser to rank the companies in each sector group according to their relative value.The subadviser then buys and sells equity securities, using the research and valuation rankings as a basis. In general, the subadviser buys equity securities that are identified as undervalued and considers selling them when they appear to be overvalued. Along with attractive valuation, the subadviser often considers a number of other criteria:•catalysts that could trigger a rise in a stock’s price;•high potential reward compared to potential risk; and•temporary mispricings caused by apparent market overreactions.The fixed income securities in which the Fund intends to invest include corporate bonds, U.S. treasury obligations, including treasury coupon strips and treasury principal strips, and other U.S. government and agency securities, and asset-backed, mortgage-related and mortgage-backed securities included in the Bloomberg U.S. Aggregate Bond Index. Mortgage-related and mortgage-backed securities may be structured as collateralized mortgage obligations (agency and non-agency), stripped mortgage-backed securities, commercial mortgage-backed securities, mortgage pass-through securities and cash and cash equivalents. The Fund will invest only in fixed income securities that are investment grade at the time of purchase and may invest in fixed income securities of any maturity or duration.All fixed income securities in which the Fund will invest will be U.S. dollar-denominated, although they may be issued by a foreign corporation or a U.S. affiliate of a foreign corporation or a foreign government or its agencies and instrumentalities. The subadviser may invest all or a significant portion of the assets of the Fund’s fixed income portion in mortgage-related and mortgage-backed securities in the subadviser’s discretion. The Fund expects to invest no more than 10% of the fixed income portion’s assets in “sub-prime” mortgage-related securities considered to be investment grade at the time of purchase.In choosing fixed income securities, the subadviser buys and sells securities and investments for the Fund based on its view of individual securities and market sectors. Taking a long-term approach, the subadviser looks for individual fixed income investments that it believes will perform well over market cycles. The subadviser is value oriented and makes decisions to purchase and sell individual securities and instruments after performing a risk/reward analysis that includes an evaluation of interest rate risk, credit risk, duration, liquidity, legal provisions and the structure of the transaction.The Fund may invest in derivatives, such as futures contracts. With respect to its fixed income allocations, the Fund may use futures contracts to manage and hedge interest rate risk associated with these investments, as well as to lengthen or shorten the duration of this portion of the portfolio. With respect to its equity and fixed income allocations, the Fund may use futures contracts to gain or reduce exposure to all or a portion of the stock or fixed income markets, respectively, and for cash management.In order to generate additional income, the Fund may lend portfolio securities to broker-dealers and other financial institutions provided that the value of the loaned securities does not exceed 30% of the Fund’s total assets. These loans earn income for the Fund and are collateralized by cash and securities issued or guaranteed by the U.S. Government or its agencies or instrumentalities.
Read More

VCAAX - Performance

Return Ranking - Trailing

Period VCAAX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.5% -2.2% 72.2% 11.16%
1 Yr 16.1% -1.7% 70.0% 8.66%
3 Yr 5.1%* -4.8% 22.3% 14.11%
5 Yr 7.7%* -4.1% 21.3% 25.57%
10 Yr 1.9%* 0.7% 13.7% 98.69%

* Annualized

Return Ranking - Calendar

Period VCAAX Return Category Return Low Category Return High Rank in Category (%)
2023 10.9% -12.2% 23.9% 44.99%
2022 -28.2% -34.7% 2.8% 96.85%
2021 15.5% -11.9% 18.1% 1.39%
2020 8.1% -20.9% 39.7% 44.17%
2019 4.4% 0.8% 25.7% 99.17%

Total Return Ranking - Trailing

Period VCAAX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.5% -2.2% 72.2% 11.16%
1 Yr 16.1% -1.7% 70.0% 8.66%
3 Yr 5.1%* -4.8% 22.3% 14.11%
5 Yr 7.7%* -4.1% 21.3% 25.57%
10 Yr 1.9%* 0.7% 13.7% 98.69%

* Annualized

Total Return Ranking - Calendar

Period VCAAX Return Category Return Low Category Return High Rank in Category (%)
2023 18.3% -12.2% 26.8% 9.14%
2022 -16.4% -29.0% 10.9% 78.56%
2021 16.7% -3.0% 27.3% 12.67%
2020 8.1% -19.5% 40.6% 79.77%
2019 4.4% 2.2% 32.7% 99.83%

NAV & Total Return History

VCAAX - Holdings

Concentration Analysis

VCAAX Category Low Category High VCAAX % Rank
Net Assets 147 M 861 K 235 B 80.53%
Number of Holdings 602 2 16143 21.39%
Net Assets in Top 10 41.7 M 859 K 66.9 B 84.66%
Weighting of Top 10 27.44% 10.8% 122.7% 79.35%

Top 10 Holdings

  1. Microsoft Corp 5.30%
  2. Apple Inc 4.76%
  3. NVIDIA Corp 4.14%
  4. Amazon.com Inc 2.57%
  5. Meta Platforms Inc 1.97%
  6. U.S. Treasury Notes 1.94%
  7. FIXED INC CLEARING CORP.REPO 1.75%
  8. UnitedHealth Group Inc 1.73%
  9. Alphabet Inc 1.66%
  10. Wells Fargo Co 1.61%

Asset Allocation

Weighting Return Low Return High VCAAX % Rank
Stocks 		59.98% 0.00% 100.10% 74.34%
Bonds 		33.53% 0.00% 77.71% 24.63%
Other 		6.29% -42.55% 113.97% 3.98%
Convertible Bonds 		0.37% 0.00% 23.84% 69.99%
Cash 		0.28% -7.92% 100.00% 74.34%
Preferred Stocks 		0.00% 0.00% 24.59% 52.36%

Stock Sector Breakdown

Weighting Return Low Return High VCAAX % Rank
Technology 		22.59% 0.00% 44.21% 23.25%
Healthcare 		14.17% 0.00% 29.35% 42.62%
Financial Services 		14.15% 0.00% 38.77% 57.97%
Consumer Cyclical 		13.80% 0.00% 19.36% 5.07%
Industrials 		11.21% 0.00% 24.37% 32.79%
Communication Services 		7.59% 0.00% 38.10% 40.54%
Utilities 		4.39% 0.00% 99.55% 18.93%
Real Estate 		3.49% 0.00% 65.01% 44.56%
Basic Materials 		3.12% 0.00% 25.57% 73.32%
Consumer Defense 		2.77% 0.00% 15.14% 90.61%
Energy 		2.72% 0.00% 85.65% 86.59%

Stock Geographic Breakdown

Weighting Return Low Return High VCAAX % Rank
US 		59.98% 0.00% 100.10% 68.44%
Non US 		0.00% 0.00% 42.80% 52.21%

Bond Sector Breakdown

Weighting Return Low Return High VCAAX % Rank
Securitized 		42.49% 0.00% 92.13% 3.57%
Corporate 		25.37% 0.00% 98.21% 69.69%
Government 		23.01% 0.00% 97.26% 64.78%
Cash & Equivalents 		0.28% 0.00% 99.92% 67.11%
Derivative 		0.00% -4.58% 41.29% 27.29%
Municipal 		0.00% 0.00% 24.80% 76.23%

Bond Geographic Breakdown

Weighting Return Low Return High VCAAX % Rank
US 		33.53% 0.00% 77.71% 24.04%
Non US 		0.00% 0.00% 15.37% 45.28%

VCAAX - Expenses

Operational Fees

VCAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.03% 27.98% 75.81%
Management Fee 0.50% 0.00% 1.83% 55.78%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.06% 0.01% 0.83% 33.15%

Sales Fees

VCAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

VCAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

VCAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 199.00% 0.83% 343.00% 96.85%

VCAAX - Distributions

Dividend Yield Analysis

VCAAX Category Low Category High VCAAX % Rank
Dividend Yield 1.38% 0.00% 17.90% 74.38%

Dividend Distribution Analysis

VCAAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Monthly Quarterly

Net Income Ratio Analysis

VCAAX Category Low Category High VCAAX % Rank
Net Income Ratio 0.74% -2.34% 13.92% 71.62%

Capital Gain Distribution Analysis

VCAAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

View More +

VCAAX - Fund Manager Analysis

Managers

Jeffrey Geller

Start Date

Tenure

Tenure Rank

Jan 11, 2021

1.38

1.4%

Jeffrey Geller, CFA, managing director, is a Chief Investment Officer of Multi-Asset Solutions, where he is responsible for investment oversight of all mandates managed in New York. This includes providing oversight with respect to manager and strategy suitability and fit and ensuring that the team's asset allocation views are reflected appropriately across a diverse set of mandates. Jeff is also a portfolio manager for less constrained multi-asset class portfolios as well as portfolios with alternatives exposure. Before joining the firm in 2006, Jeff was director of Hedge Fund Investments at Russell Investment Group and served as chairman of the Firm's hedge fund investment committee. Prior to that, he was a senior partner at Credit Suisse Asset Management's BEA Associates unit where he had responsibility for managing equity, currency overlay and relative value arbitrage strategies. Jeff earned a Bachelor of Arts in Government from Clark University and an M.B.A. in Finance from the University of Chicago Graduate School Of Business. He is a CFA charterholder and is Series 24, 7, and 63 licensed

Morgan Moriarty

Start Date

Tenure

Tenure Rank

Jan 11, 2021

1.38

1.4%

Gerhardt (Gary) Herbert

Start Date

Tenure

Tenure Rank

Jan 11, 2021

1.38

1.4%

Mr. Herbert has been an employee of JPMIM and the Head of GTAA and Diversified Strategies in the U.S for MAS since 2020Gary is a portfolio manager and head of global credit. Gary joined Brandywine Global in March 2010, bringing with him over 20 years of high yield experience. Previously, Gary was a Managing Director, Portfolio Manager with Guggenheim Partners, LLC (2009-2010); a Managing Director, Portfolio Manager with Dreman Value Management, LLC (2007-2009); and an Executive Director, Portfolio Manager (1999-2007) and Associate (1994-1998) with Morgan Stanley Investment Management.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 34.51 6.39 2.41

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