VCIFX: VALIC Company I International Govt Bond

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VCIFX VALIC Company I International Govt Bond

  • Fund
  • VCIFX
  • Price as of: Nov 20, 2019
  • $12.20 - $0.00 - 0.00%

VCIFX - Profile

Vitals

  • YTD Return 5.8%
  • 3 Yr Annualized Return 2.7%
  • 5 Yr Annualized Return 2.2%
  • Net Assets $181 M
  • Holdings in Top 10 13.1%

52 WEEK LOW AND HIGH

$12.20
$11.24
$12.46

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.65%

SALES FEES

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

BROKERAGE FEES

  • Turnover 94.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style World Bond

Distributions

  • YTD Total Return 5.8%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.44%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name VALIC Company I International Govt Bond Fund
  • Fund Family Name VALIC
  • Inception Date Oct 01, 1991
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Anders Faergemann

Fund Description

The fund invests primarily in investment grade government and government sponsored debt securities. Under normal circumstances, at least 80% of net assets of the fund must be government issued, sponsored, or guaranteed. It invests at least 65% of total assets in investment grade debt securities. The fund may invest up to 35% of total assets in below investment grade securities ("junk bonds"). Additionally, the Subadviser may attempt to hedge currency exposure, and may invest up to 50% of total assets in futures and options (derivatives), for currency hedging purposes. The fund is non-diversified.

VCIFX - Performance

Return Ranking - Trailing

Period VCIFX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.8% -11.8% 80.1% 54.19%
1 Yr 11.1% -16.5% 34.4% 18.22%
3 Yr 2.7%* -10.3% 10.7% 28.99%
5 Yr 2.2%* -9.0% 22.1% 19.24%
10 Yr 2.9%* -5.4% 12.3% 27.19%

* Annualized


Return Ranking - Calendar

Period VCIFX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.0% -53.1% 2.2% 17.57%
2017 8.1% -9.1% 15.4% 13.56%
2016 0.6% -12.3% 219.0% 74.60%
2015 -6.0% -29.9% 14.0% 40.48%
2014 -1.7% -22.4% 200.4% 53.14%

Total Return Ranking - Trailing

Period VCIFX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.8% -11.8% 80.1% 55.54%
1 Yr 11.1% -16.5% 34.4% 19.28%
3 Yr 2.7%* -10.3% 14.9% 44.57%
5 Yr 2.2%* -7.1% 31.9% 31.92%
10 Yr 2.9%* -5.4% 21.0% 34.10%

* Annualized


Total Return Ranking - Calendar

Period VCIFX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.0% -53.1% 3.8% 23.96%
2017 8.1% -6.6% 21.6% 34.54%
2016 0.6% -12.3% 242.1% 83.87%
2015 -6.0% -29.9% 22.6% 56.28%
2014 -1.7% -22.2% 203.8% 69.32%

NAV & Total Return History

VCIFX - Holdings

Concentration Analysis

VCIFX Category Low Category High VCIFX % Rank
Net Assets 181 M 926 K 14.1 B 55.18%
Number of Holdings 213 5 3572 43.79%
Net Assets in Top 10 23.5 M -144 M 11.4 B 66.57%
Weighting of Top 10 13.12% 5.6% 1055.7% 91.72%

Top 10 Holdings

  1. United States Treasury Notes 2.5% 1.57%

  2. United States Treasury Notes 2% 1.42%

  3. United States Treasury Notes 2% 1.41%

  4. Japan (Government Of) 1.6% 1.39%

  5. France (Republic Of) 2% 1.37%

  6. Japan (Government Of) 1.7% 1.27%

  7. United States Treasury Notes 2.12% 1.19%

  8. United States Treasury Notes 2.38% 1.19%

  9. United States Treasury Notes 2.25% 1.16%

  10. United States Treasury Notes 2.5% 1.15%


Asset Allocation

Weighting Return Low Return High VCIFX % Rank
Bonds
97.44% 80.10% 1025.08% 37.57%
Cash
2.55% -1000.79% 20.55% 44.67%
Stocks
0.01% -61.27% 110.51% 45.86%
Preferred Stocks
0.00% 0.00% 10.86% 38.31%
Other
0.00% -31.37% 67.70% 44.08%
Convertible Bonds
0.00% 0.00% 50.87% 64.64%

Stock Sector Breakdown

Weighting Return Low Return High VCIFX % Rank
Technology
0.01% -1.46% 25.53% 43.29%
Utilities
0.00% -0.05% 38.40% 56.25%
Real Estate
0.00% -0.61% 8.32% 56.02%
Industrials
0.00% -0.16% 27.15% 57.41%
Healthcare
0.00% -1.62% 16.17% 56.71%
Financial Services
0.00% -0.26% 16.51% 65.28%
Energy
0.00% -4.19% 6.08% 68.06%
Communication Services
0.00% -1.88% 6.67% 57.87%
Consumer Defense
0.00% -1.16% 8.02% 55.09%
Consumer Cyclical
0.00% -0.20% 23.34% 56.71%
Basic Materials
0.00% -0.52% 6.18% 61.57%

Stock Geographic Breakdown

Weighting Return Low Return High VCIFX % Rank
US
0.01% -61.27% 102.46% 33.73%
Non US
0.00% -3.71% 48.86% 53.55%

Bond Sector Breakdown

Weighting Return Low Return High VCIFX % Rank
Government
92.82% -1.71% 1025.08% 17.90%
Corporate
4.62% 0.00% 242.29% 81.80%
Cash & Equivalents
2.55% -999.86% 49.97% 46.30%
Derivative
0.00% -167.75% 61.05% 32.54%
Securitized
0.00% 0.00% 113.77% 51.48%
Municipal
0.00% 0.00% 74.38% 35.36%

Bond Geographic Breakdown

Weighting Return Low Return High VCIFX % Rank
Non US
69.33% -95.83% 193.82% 43.20%
US
28.11% -66.44% 1120.91% 59.32%

VCIFX - Expenses

Operational Fees

VCIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% 0.17% 290.47% 93.83%
Management Fee 0.50% 0.00% 2.50% 23.92%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.06% 0.00% 0.50% 37.35%

Sales Fees

VCIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.15% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

VCIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.15% 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.

VCIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 94.00% 0.00% 963.00% 54.40%

VCIFX - Distributions

Dividend Yield Analysis

VCIFX Category Low Category High VCIFX % Rank
Dividend Yield 0.00% 0.00% 13.32% 91.42%

Dividend Distribution Analysis

VCIFX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Quarterly

Dividend Payout History


Net Income Ratio Analysis

VCIFX Category Low Category High VCIFX % Rank
Net Income Ratio 2.44% -1.65% 8.90% 53.77%

Capital Gain Distribution Analysis

VCIFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

VCIFX - Managers

Anders Faergemann

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2009

10.09

10.1%

Mr. Faergemann joined PineBridge in 2004 and is Managing Director and Senior Portfolio Manager for Emerging Markets Fixed Income. He is part of PineBridge Investments's Fixed Income Asset Allocation team and is responsible for emerging market local currency strategy, emerging market blended portfolios and global government bonds strategy. He holds an MA in Economics of the European Union from the University of Exeter and the Investment Management Certificate.


Dmitri Savin

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2016

3.08

3.1%

Dmitri Savin joined PineBridge in 2000 and is a Senior Vice President and member of the portfolio management team. Mr. Savin’s responsibilities have included portfolio strategy, risk management and development of various quantitative strategies and applications of technical analysis. He has also held the role of Senior Analyst, focusing on sovereigns in the EMEA region. Prior to joining PineBridge, Mr. Savin was Head of Research with Fleming UCB in Moscow, providing equity coverage on Russian companies, as well as macroeconomic research and equity strategy. Prior to that, he worked in Equity Research for Deutsche Morgan Grenfell and was Head of Operations with United City Bank. He received a BSc with honors in Mathematics from Moscow State University and an MBA from Indiana University. He holds the Investment Management Certificate (IMC) and is a CFA charterholder. He is an Associate of the CFA Institute, the CFA Society of the UK and is a member of the Society of Technical Analysts.


Tenure Analysis

Category Low

0.0

Category High

28.85

Category Average

5.75

Category Mode

10.17