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Name

As of 04/17/2024

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

Systematic Growth Fund

VCBCX | Fund

$16.15

$1.01 B

0.00%

0.85%

Vitals

YTD Return

8.5%

1 yr return

34.0%

3 Yr Avg Return

1.2%

5 Yr Avg Return

6.0%

Net Assets

$1.01 B

Holdings in Top 10

49.3%

52 WEEK LOW AND HIGH

$16.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.85%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 28.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/17/2024

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

Systematic Growth Fund

VCBCX | Fund

$16.15

$1.01 B

0.00%

0.85%

VCBCX - Profile

Distributions

  • YTD Total Return 8.5%
  • 3 Yr Annualized Total Return 1.2%
  • 5 Yr Annualized Total Return 6.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.45%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Systematic Growth Fund
  • Fund Family Name
    VALIC Company
  • Inception Date
    Sep 01, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Paul Greene

Fund Description

The Fund invests primarily in equity securities of issuers included in the Russell 1000® Growth Index (the “Index”) at the time of purchase. The Index is comprised of U.S. large- and mid-cap companies that exhibit certain growth characteristics, as defined by the index provider. As of July 31, 2023, the market capitalization range of the companies in the Index was approximately $1.61 billion to $3.11 trillion. The size of the companies in the Index changes with market conditions and the composition of the Index. The size of the companies in which the Fund invests may be outside of this capitalization range and may change with market conditions as well.The equity securities in which the Fund invests include common stock, preferred stock, convertible securities, rights, and warrants. The Fund may at times have significant exposure to one or more industries or sectors and may be overweight with respect to certain securities (i.e., the Fund will hold a greater percentage of those securities than the Index) and underweight with respect to others (i.e., the Fund will hold a lesser percentage of those securities than the Index). Such weightings may change over time.Each of the Fund’s subadvisers manages a portion of the Fund’s assets using different investment strategies and techniques.One subadviser employs a proprietary, dynamic multifactor approach to managing the Fund’s assets that is based on quantitative and qualitative research and analysis. In selecting securities, the subadviser seeks to allocate its portion of the Fund’s assets to equity securities the subadviser believes share complementary factor exposures. Factors are characteristics that are important in explaining the returns and risks of a group of securities. Among the factors that the subadviser uses to select equity securities for the Fund are: (1) mean reversion (e.g., stocks that are inexpensive relative to their historical fundamentals); (2) trend following (e.g., strong momentum and higher growth potential); and (3) risk aversion (e.g., financially healthy, stable, and lower volatility companies). In exceptional circumstances, the subadviser may exclude, remove, or include an issuer or security in the Fund’s portfolio where it believes the data available does not accurately reflect current events, or to adjust the risk profile of the Fund appropriately. The subadviser may engage in frequent and active trading of portfolio securities with respect to its portion of the Fund’s assets.The other subadviser uses a rules-based methodology that emphasizes quantitatively based stock selection, portfolio construction, and efficient implementation to seek to capture common sources of active equity returns among factors. Among the factors that the subadviser’s methodology employs are: (1) value (i.e., how attractively a stock is priced relative to its “fundamentals,” such as book value and free cash flow); (2) momentum (i.e., whether a company’s share price is trending up or down); (3) quality (i.e., profitability) and (4) low volatility (i.e., a relatively low degree of fluctuation in a company’s share price over time). The subadviser seeks to capitalize on the low correlations in returns across these factors by diversifying exposure to securities selected based on such factors. The subadviser may, in its discretion, make changes to its quantitative techniques, or use other quantitative techniques that are based on the subadviser’s proprietary research. The subadviser constructs its portion of the Fund’s portfolio by investing assets in the securities comprising the Index and adjusting the relative weight of each security based on the security’s attractiveness when evaluated based on the factors as described above, subject to the Fund being constrained to long-only positions. The subadviser will rebalance its portion of the Fund’s portfolio according to the process set forth above on a quarterly basis. The subadviser generally employs a strategy to continue to hold securities between quarterly rebalancings, even if there are adverse developments concerning a particular security, an industry, the economy, or the stock market generally. The subadviser may reduce the position size of a security or sell a security during quarterly rebalancings if the security no longer has favorable scores in one or more of the four factors. 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.The Fund is a non-diversified fund, which means that it may invest in a smaller number of issuers than a diversified fund. 
Read More

VCBCX - Performance

Return Ranking - Trailing

Period VCBCX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.5% -16.3% 19.3% 42.86%
1 Yr 34.0% -24.2% 56.3% 39.57%
3 Yr 1.2%* -31.3% 22.2% 79.70%
5 Yr 6.0%* -16.7% 28.7% 95.74%
10 Yr 4.9%* -5.9% 18.7% 99.63%

* Annualized

Return Ranking - Calendar

Period VCBCX Return Category Return Low Category Return High Rank in Category (%)
2023 18.5% -74.1% 72.4% 87.44%
2022 -48.9% -85.9% 4.7% 93.09%
2021 5.3% -52.4% 60.5% 59.73%
2020 19.7% -34.3% 145.0% 72.69%
2019 14.7% -21.8% 49.4% 89.80%

Total Return Ranking - Trailing

Period VCBCX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.5% -16.3% 19.3% 42.86%
1 Yr 34.0% -24.2% 56.3% 39.57%
3 Yr 1.2%* -31.3% 22.2% 79.70%
5 Yr 6.0%* -16.7% 28.7% 95.74%
10 Yr 4.9%* -5.9% 18.7% 99.63%

* Annualized

Total Return Ranking - Calendar

Period VCBCX Return Category Return Low Category Return High Rank in Category (%)
2023 44.8% -4.6% 72.4% 18.76%
2022 -38.8% -61.7% 5.6% 88.80%
2021 5.3% -39.8% 118.1% 94.25%
2020 19.7% 2.8% 149.2% 94.50%
2019 14.7% -5.2% 49.4% 99.52%

NAV & Total Return History

VCBCX - Holdings

Concentration Analysis

VCBCX Category Low Category High VCBCX % Rank
Net Assets 1.01 B 242 K 269 B 57.32%
Number of Holdings 372 1 3217 3.63%
Net Assets in Top 10 427 M 104 K 111 B 57.43%
Weighting of Top 10 49.32% 0.7% 205.0% 50.55%

Top 10 Holdings

  1. Microsoft Corp 11.73%
  2. Apple Inc 11.47%
  3. Amazon.com Inc 5.50%
  4. NVIDIA Corp 4.88%
  5. Alphabet Inc 3.76%
  6. Meta Platforms Inc 3.41%
  7. Alphabet Inc 2.68%
  8. Visa Inc 2.13%
  9. UnitedHealth Group Inc 1.90%
  10. Tesla Inc 1.86%

Asset Allocation

Weighting Return Low Return High VCBCX % Rank
Stocks 		99.62% 0.00% 130.05% 20.27%
Cash 		0.34% -1.50% 173.52% 78.13%
Preferred Stocks 		0.04% 0.00% 7.84% 18.50%
Other 		0.00% -43.49% 50.04% 44.85%
Convertible Bonds 		0.00% 0.00% 1.94% 31.81%
Bonds 		0.00% 0.00% 104.15% 35.39%

Stock Sector Breakdown

Weighting Return Low Return High VCBCX % Rank
Technology 		33.50% 0.00% 65.70% 59.48%
Consumer Cyclical 		21.41% 0.00% 62.57% 13.71%
Communication Services 		20.45% 0.00% 66.40% 3.38%
Healthcare 		11.73% 0.00% 39.76% 59.05%
Financial Services 		9.76% 0.00% 43.06% 44.92%
Industrials 		1.31% 0.00% 30.65% 91.03%
Consumer Defense 		0.98% 0.00% 25.50% 81.13%
Basic Materials 		0.72% 0.00% 18.91% 63.20%
Real Estate 		0.14% 0.00% 16.05% 65.74%
Utilities 		0.00% 0.00% 16.07% 52.20%
Energy 		0.00% 0.00% 41.09% 67.09%

Stock Geographic Breakdown

Weighting Return Low Return High VCBCX % Rank
US 		99.62% 0.00% 130.05% 15.20%
Non US 		0.00% 0.00% 78.10% 53.13%

VCBCX - Expenses

Operational Fees

VCBCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.01% 19.54% 60.80%
Management Fee 0.73% 0.00% 1.50% 74.72%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.06% 0.01% 1.02% 28.76%

Sales Fees

VCBCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

VCBCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

VCBCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 28.00% 0.00% 316.74% 41.74%

VCBCX - Distributions

Dividend Yield Analysis

VCBCX Category Low Category High VCBCX % Rank
Dividend Yield 0.00% 0.00% 28.16% 59.81%

Dividend Distribution Analysis

VCBCX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

VCBCX Category Low Category High VCBCX % Rank
Net Income Ratio -0.45% -6.13% 3.48% 61.14%

Capital Gain Distribution Analysis

VCBCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

VCBCX - Fund Manager Analysis

Managers

Paul Greene

Start Date

Tenure

Tenure Rank

Oct 01, 2021

0.66

0.7%

Paul Greene is an associate portfolio manager of the US Large-Cap Core Growth Equity Strategy in the U.S. Equity Division. He is a vice president and an Investment Advisory Committee member of the US Large-Cap Core Equity, US Capital Appreciation, US Structured Research Equity, and US Growth Stock Strategies and an Investment Committee member of the Global Growth Equity Strategy. Paul is a vice president of T. Rowe Price Group, Inc.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.21 3.08

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