Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

VCHYX VALIC Company II High Yield Bond

  • Fund
  • VCHYX
  • Price as of: Aug 19, 2019
  • $7.57 + $0.02 + 0.27%
  • Category
  • High Yield Bonds

VCHYX - Profile

Vitals

  • YTD Return 5.0%
  • 3 Yr Annualized Return 0.1%
  • 5 Yr Annualized Return -0.9%
  • Net Assets $672 M
  • Holdings in Top 10 9.8%

52 WEEK LOW AND HIGH

$7.57
$7.16
$7.84

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.97%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 26.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

High Yield Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Distributions

  • YTD Total Return 5.0%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return -0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.16%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name VALIC Company II High Yield Bond Fund
  • Fund Family Name VALIC
  • Inception Date Sep 21, 1998
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Christopher A. Jones

Fund Description

At least 80% of the fund's net assets are invested, under normal circumstances, in high-yield, below-investment grade fixed-income securities. These securities are rated below Baa3 by Moody's or BBB- by S&P or determined to be of comparable quality by the subadviser. Up to 15% of the fund's net assets can be rated below Caa3 by Moody's or CCC- by S&P or its equivalent rating by another Nationally Recognized Statistical Ratings Organization.

VCHYX - Performance

Return Ranking - Trailing

Period VCHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -9.1% 23.5% 68.21%
1 Yr 0.8% -9.7% 5.8% 24.59%
3 Yr 0.1%* -6.4% 8.3% 19.09%
5 Yr -0.9%* -8.6% 1.9% 19.71%
10 Yr 1.2%* -13.4% 4.4% 30.85%

* Annualized


Return Ranking - Calendar

Period VCHYX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.6% -23.1% -0.4% 72.71%
2017 2.9% -9.5% 28.5% 8.30%
2016 7.7% -14.4% 28.6% 36.69%
2015 -8.2% -34.3% 1.0% 43.40%
2014 -2.0% -23.1% 27.7% 14.82%

Total Return Ranking - Trailing

Period VCHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -9.1% 23.5% 70.22%
1 Yr 0.8% -9.7% 6.8% 36.18%
3 Yr 0.1%* -6.4% 11.0% 38.38%
5 Yr -0.9%* -7.8% 5.9% 37.74%
10 Yr 1.2%* -13.4% 8.6% 49.65%

* Annualized


Total Return Ranking - Calendar

Period VCHYX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.6% -23.1% 1.3% 79.43%
2017 2.9% -4.9% 36.8% 26.97%
2016 7.7% -14.4% 39.0% 50.73%
2015 -8.2% -28.3% 4.3% 53.67%
2014 -2.0% -21.8% 27.7% 33.85%

NAV & Total Return History

VCHYX - Holdings

Concentration Analysis

VCHYX Category Low Category High VCHYX % Rank
Net Assets 672 M 1.02 M 25 B 47.48%
Number of Holdings 302 6 1547 54.73%
Net Assets in Top 10 66.2 M -1.5 M 3.71 B 48.69%
Weighting of Top 10 9.81% 5.1% 99.6% 56.74%

Top 10 Holdings

  1. CSC Holdings, LLC 6.5% 1.17%

  2. DISH DBS Corporation 6.75% 1.17%

  3. TransDigm, Inc. 6.25% 1.08%

  4. 1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 5% 1.07%

  5. United Rentals (North America), Inc. 4.88% 0.96%

  6. AVANTOR INC 6% 0.95%

  7. CenturyLink, Inc. 5.62% 0.89%

  8. HCA Inc. 5.38% 0.86%

  9. Felcor Lodging Limited Partnership 6% 0.84%

  10. Tempo Acquisition LLC / Tempo Acquisition Fin Corp 6.75% 0.81%


Asset Allocation

Weighting Return Low Return High VCHYX % Rank
Bonds
94.32% -17.48% 100.06% 39.64%
Cash
3.71% -3.02% 117.48% 64.79%
Convertible Bonds
1.91% 0.00% 11.82% 13.08%
Stocks
0.05% -0.44% 99.77% 60.97%
Preferred Stocks
0.00% 0.00% 11.13% 56.94%
Other
0.00% -7.31% 11.36% 39.84%

Stock Sector Breakdown

Weighting Return Low Return High VCHYX % Rank
Consumer Cyclical
0.05% -0.14% 15.44% 43.25%
Utilities
0.00% -0.04% 1.62% 35.50%
Technology
0.00% -0.17% 30.62% 32.00%
Real Estate
0.00% -0.03% 3.03% 29.50%
Industrials
0.00% 0.00% 13.99% 43.25%
Healthcare
0.00% 0.00% 14.35% 38.25%
Financial Services
0.00% -0.03% 17.51% 31.50%
Energy
0.00% -0.06% 2.74% 60.75%
Communication Services
0.00% -0.04% 2.00% 34.00%
Consumer Defense
0.00% -0.09% 4.47% 27.25%
Basic Materials
0.00% 0.00% 1.36% 39.25%

Stock Geographic Breakdown

Weighting Return Low Return High VCHYX % Rank
US
0.05% -0.43% 50.95% 58.55%
Non US
0.00% -0.01% 48.82% 39.84%

Bond Sector Breakdown

Weighting Return Low Return High VCHYX % Rank
Corporate
95.59% 0.00% 100.08% 26.96%
Cash & Equivalents
3.71% -1.24% 117.48% 59.15%
Derivative
0.00% -17.48% 8.43% 33.20%
Securitized
0.00% 0.00% 60.24% 52.72%
Municipal
0.00% 0.00% 100.03% 29.18%
Government
0.00% -5.69% 65.95% 45.27%

Bond Geographic Breakdown

Weighting Return Low Return High VCHYX % Rank
US
81.50% -17.48% 99.77% 38.43%
Non US
12.82% 0.00% 53.13% 46.88%

VCHYX - Expenses

Operational Fees

VCHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.97% 0.00% 6.42% 57.95%
Management Fee 0.61% 0.00% 1.00% 65.79%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.07% 0.01% 0.45% 25.00%

Sales Fees

VCHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% 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

Turnover 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 26.00% 5.00% 1334.00% 15.49%

VCHYX - Distributions

Dividend Yield Analysis

VCHYX Category Low Category High VCHYX % Rank
Dividend Yield 0.00% 0.00% 4.50% 98.99%

Dividend Distribution Analysis

VCHYX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

VCHYX Category Low Category High VCHYX % Rank
Net Income Ratio 5.16% -1.92% 7.22% 45.88%

Capital Gain Distribution Analysis

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

VCHYX - Managers

Christopher A. Jones

Manager

Start Date

Tenure

Tenure Rank

Jul 24, 2009

10.02

10.0%

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.


Tenure Analysis

Category Low

0.0

Category High

34.87

Category Average

6.64

Category Mode

0.0