VALIC Company I High Yield Bond
Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$515 M
Holdings in Top 10
9.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.97%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 33.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
VCHYX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.26%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameVALIC Company I High Yield Bond Fund
-
Fund Family NameVALIC
-
Inception DateSep 21, 1998
-
Shares OutstandingN/A
-
Share ClassNo Load
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerChristopher Jones
Fund Description
VCHYX - Performance
Return Ranking - Trailing
| Period | VCHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -7.2% | 5.7% | 97.37% |
| 1 Yr | N/A | -8.9% | 16.0% | 50.58% |
| 3 Yr | N/A* | -16.5% | 19.9% | 35.49% |
| 5 Yr | N/A* | -11.8% | 36.4% | 25.25% |
| 10 Yr | N/A* | -4.8% | 19.3% | 18.38% |
* Annualized
Return Ranking - Calendar
| Period | VCHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -4.7% | 14.3% | 25.85% |
| 2022 | N/A | -33.4% | 3.6% | 46.40% |
| 2021 | N/A | -8.4% | 14.9% | 66.30% |
| 2020 | N/A | -13.9% | 302.7% | 11.71% |
| 2019 | N/A | -4.4% | 13.3% | 70.17% |
Total Return Ranking - Trailing
| Period | VCHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -7.2% | 5.7% | 91.23% |
| 1 Yr | N/A | -8.9% | 16.0% | 49.56% |
| 3 Yr | N/A* | -16.5% | 19.9% | 39.88% |
| 5 Yr | N/A* | -11.8% | 36.4% | 32.37% |
| 10 Yr | N/A* | -4.8% | 19.3% | 36.54% |
* Annualized
Total Return Ranking - Calendar
| Period | VCHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -4.7% | 18.2% | 26.00% |
| 2022 | N/A | -33.4% | 47.8% | 46.40% |
| 2021 | N/A | -8.4% | 24.8% | 66.30% |
| 2020 | N/A | -9.6% | 325.6% | 14.31% |
| 2019 | N/A | 0.9% | 21.5% | 76.72% |
NAV & Total Return History
VCHYX - Holdings
Concentration Analysis
| VCHYX | Category Low | Category High | VCHYX % Rank | |
|---|---|---|---|---|
| Net Assets | 515 M | 1.45 M | 23.6 B | 49.00% |
| Number of Holdings | 282 | 2 | 2736 | 61.30% |
| Net Assets in Top 10 | 51.4 M | -492 M | 4.45 B | 63.00% |
| Weighting of Top 10 | 9.78% | 4.2% | 146.9% | 81.27% |
Top 10 Holdings
- Occidental Petroleum Corporation 4.2% 1.25%
- 1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 5% 1.18%
- HCA Inc. 5.375% 1.15%
- Mozart Debt Merger Subordinated Inc. 3.875% 1.12%
- Staples, Inc. 7.5% 1.07%
- DUN + BRADSTREET CORP TERM LOAN 1.04%
- CSC Holdings, LLC 6.5% 1.02%
- LBM Acquisition LLC 6.25% 0.99%
- DCP Midstream Operating, LP 5.375% 0.98%
- Royal Caribbean Group 5.5% 0.96%
Asset Allocation
| Weighting | Return Low | Return High | VCHYX % Rank | |
|---|---|---|---|---|
| Bonds | 94.37% | -3.13% | 154.38% | 53.93% |
| Cash | 3.25% | -52.00% | 48.07% | 55.57% |
| Convertible Bonds | 2.07% | 0.00% | 17.89% | 20.90% |
| Stocks | 0.31% | 0.00% | 99.54% | 53.47% |
| Preferred Stocks | 0.00% | 0.00% | 7.88% | 41.33% |
| Other | 0.00% | -63.70% | 102.57% | 44.58% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | VCHYX % Rank | |
|---|---|---|---|---|
| Communication Services | 96.05% | 0.00% | 99.99% | 4.49% |
| Energy | 3.95% | 0.00% | 100.00% | 64.89% |
| Utilities | 0.00% | 0.00% | 100.00% | 29.49% |
| Technology | 0.00% | 0.00% | 33.17% | 28.93% |
| Real Estate | 0.00% | 0.00% | 86.71% | 19.10% |
| Industrials | 0.00% | 0.00% | 93.12% | 32.87% |
| Healthcare | 0.00% | 0.00% | 22.17% | 16.85% |
| Financial Services | 0.00% | 0.00% | 100.00% | 26.40% |
| Consumer Defense | 0.00% | 0.00% | 100.00% | 19.94% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 41.57% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 28.09% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | VCHYX % Rank | |
|---|---|---|---|---|
| US | 0.31% | 0.00% | 99.54% | 52.63% |
| Non US | 0.00% | -0.01% | 0.83% | 16.25% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | VCHYX % Rank | |
|---|---|---|---|---|
| Corporate | 96.74% | 0.00% | 129.69% | 31.47% |
| Cash & Equivalents | 3.26% | 0.00% | 48.07% | 42.41% |
| Derivative | 0.00% | -15.04% | 42.26% | 34.98% |
| Securitized | 0.00% | 0.00% | 97.24% | 45.43% |
| Municipal | 0.00% | 0.00% | 4.66% | 7.13% |
| Government | 0.00% | 0.00% | 99.07% | 32.87% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | VCHYX % Rank | |
|---|---|---|---|---|
| US | 85.04% | -3.13% | 129.21% | 78.17% |
| Non US | 9.33% | 0.00% | 98.19% | 15.02% |
VCHYX - Expenses
Operational Fees
| VCHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.97% | 0.04% | 31.61% | 51.55% |
| Management Fee | 0.61% | 0.00% | 1.84% | 69.14% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.06% | 0.00% | 0.50% | 26.04% |
Sales Fees
| VCHYX 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
| VCHYX 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.
| VCHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 33.00% | 1.00% | 255.00% | 8.66% |
VCHYX - Distributions
Dividend Yield Analysis
| VCHYX | Category Low | Category High | VCHYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 11.76% | 53.23% |
Dividend Distribution Analysis
| VCHYX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| VCHYX | Category Low | Category High | VCHYX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.26% | -2.39% | 14.30% | 56.38% |
Capital Gain Distribution Analysis
| VCHYX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 07, 2024 | $0.407 | OrdinaryDividend |
| Mar 07, 2023 | $0.449 | OrdinaryDividend |
| Mar 09, 2022 | $0.247 | OrdinaryDividend |
| May 13, 2021 | $0.308 | OrdinaryDividend |
VCHYX - Fund Manager Analysis
Managers
Christopher Jones
Start Date
Tenure
Tenure Rank
Jul 24, 2009
12.86
12.9%
Chris is a fixed income portfolio manager and chair of the High Yield Strategy Group. He focuses on the firm’s Core High Yield, European High Yield, Global High Yield, and total return oriented strategies. He began his career at Wellington Management in 1994 as a research analyst in Fixed Income Research, specializing in the quantitative and qualitative review of high-yield bonds. Prior to joining the firm, Chris did research for Foothill Group, an investment management company specializing in distressed debt, and he worked at La Jolla-based Multiple Peptide Systems where he marketed custom molecules to research institutions and other end users (1989 – 1992). Chris earned his MBA in finance from the University of California, Los Angeles (1994) and his BA, cum laude, from the University of California, San Diego (1988). He also holds the Chartered Financial Analyst designation.
Michael Barry
Start Date
Tenure
Tenure Rank
Oct 01, 2021
0.66
0.7%
Michael V. Barry, Senior Managing Director and Fixed Income Portfolio Manager of Wellington Management, has been involved in portfolio management for the Fund since 2021 and has been involved in securities analysis for the Fund since 2012. Mr. Barry joined Wellington Management as an investment professional in 2010.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.13 | 37.79 | 7.12 | 8.17 |