Dividend Value Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
10.6%
1 yr return
19.0%
3 Yr Avg Return
5.8%
5 Yr Avg Return
5.7%
Net Assets
$779 M
Holdings in Top 10
20.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.83%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 64.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
VCIGX - Profile
Distributions
- YTD Total Return 10.6%
- 3 Yr Annualized Total Return 5.8%
- 5 Yr Annualized Total Return 5.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.18%
- Dividend Yield 3.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameDividend Value Fund
-
Fund Family NameVALIC Company
-
Inception DateSep 01, 2006
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTony DeSpirito
Fund Description
VCIGX - Performance
Return Ranking - Trailing
Period | VCIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.6% | -8.9% | 41.4% | 88.97% |
1 Yr | 19.0% | 7.0% | 76.4% | 91.75% |
3 Yr | 5.8%* | -3.9% | 31.2% | 77.17% |
5 Yr | 5.7%* | -0.8% | 45.4% | 98.01% |
10 Yr | 1.5%* | 1.4% | 25.1% | 99.87% |
* Annualized
Return Ranking - Calendar
Period | VCIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -6.9% | -16.9% | 46.1% | 97.88% |
2022 | -7.4% | -64.7% | 4.6% | 20.26% |
2021 | 16.2% | -44.2% | 57.5% | 49.52% |
2020 | -6.8% | -23.2% | 285.0% | 90.64% |
2019 | 7.8% | -21.4% | 48.5% | 95.23% |
Total Return Ranking - Trailing
Period | VCIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.6% | -8.9% | 41.4% | 88.97% |
1 Yr | 19.0% | 7.0% | 76.4% | 91.75% |
3 Yr | 5.8%* | -3.9% | 31.2% | 77.17% |
5 Yr | 5.7%* | -0.8% | 45.4% | 98.01% |
10 Yr | 1.5%* | 1.4% | 25.1% | 99.87% |
* Annualized
Total Return Ranking - Calendar
Period | VCIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.6% | -15.9% | 46.7% | 38.12% |
2022 | -5.6% | -42.0% | 8.5% | 50.89% |
2021 | 16.2% | 3.6% | 129.7% | 97.88% |
2020 | -6.8% | -22.6% | 304.8% | 96.75% |
2019 | 7.8% | -12.7% | 52.1% | 99.59% |
NAV & Total Return History
VCIGX - Holdings
Concentration Analysis
VCIGX | Category Low | Category High | VCIGX % Rank | |
---|---|---|---|---|
Net Assets | 779 M | 1.97 M | 163 B | 52.80% |
Number of Holdings | 138 | 2 | 1727 | 20.84% |
Net Assets in Top 10 | 162 M | 433 K | 37.8 B | 59.50% |
Weighting of Top 10 | 20.76% | 4.4% | 99.1% | 87.30% |
Top 10 Holdings
- State Street Institutional Liquid Reserves Fund 2.79%
- Microsoft Corp 2.19%
- JPMorgan Chase Co 2.16%
- Comcast Corp 2.13%
- Wells Fargo Co 2.13%
- Sempra 2.06%
- State Street Navigator Securities Lending Government Money Market Portfolio 1.97%
- Citigroup Inc 1.88%
- First Citizens BancShares Inc/NC 1.81%
- RTX Corp 1.64%
Asset Allocation
Weighting | Return Low | Return High | VCIGX % Rank | |
---|---|---|---|---|
Stocks | 99.58% | 7.19% | 103.40% | 18.92% |
Cash | 2.18% | 0.00% | 36.15% | 32.14% |
Preferred Stocks | 0.00% | 0.00% | 15.27% | 32.32% |
Other | 0.00% | -2.59% | 36.68% | 48.03% |
Convertible Bonds | 0.00% | 0.00% | 3.66% | 28.32% |
Bonds | 0.00% | 0.00% | 78.06% | 31.50% |
Stock Sector Breakdown
Weighting | Return Low | Return High | VCIGX % Rank | |
---|---|---|---|---|
Financial Services | 21.27% | 0.00% | 58.05% | 30.12% |
Healthcare | 19.72% | 0.00% | 30.08% | 22.71% |
Technology | 14.00% | 0.00% | 54.02% | 23.73% |
Consumer Defense | 9.11% | 0.00% | 34.10% | 39.30% |
Energy | 8.72% | 0.00% | 54.00% | 35.22% |
Industrials | 8.63% | 0.00% | 42.76% | 79.70% |
Communication Services | 6.03% | 0.00% | 26.58% | 45.13% |
Consumer Cyclical | 4.07% | 0.00% | 22.74% | 79.80% |
Basic Materials | 3.86% | 0.00% | 21.69% | 36.98% |
Utilities | 3.69% | 0.00% | 27.04% | 63.48% |
Real Estate | 0.88% | 0.00% | 90.54% | 74.61% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | VCIGX % Rank | |
---|---|---|---|---|
US | 89.51% | 7.19% | 103.40% | 91.00% |
Non US | 10.07% | 0.00% | 24.08% | 4.50% |
VCIGX - Expenses
Operational Fees
VCIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.83% | 0.03% | 14.82% | 57.70% |
Management Fee | 0.71% | 0.00% | 1.50% | 79.01% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.06% | 0.00% | 0.50% | 24.42% |
Sales Fees
VCIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
VCIGX 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.
VCIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 64.00% | 0.00% | 488.00% | 74.81% |
VCIGX - Distributions
Dividend Yield Analysis
VCIGX | Category Low | Category High | VCIGX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.14% | 0.00% | 16.67% | 39.80% |
Dividend Distribution Analysis
VCIGX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
VCIGX | Category Low | Category High | VCIGX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.18% | -1.51% | 4.28% | 10.43% |
Capital Gain Distribution Analysis
VCIGX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 07, 2024 | $0.400 | OrdinaryDividend |
Mar 07, 2023 | $0.217 | OrdinaryDividend |
Mar 07, 2023 | $0.568 | CapitalGainShortTerm |
Mar 07, 2023 | $1.438 | CapitalGainLongTerm |
Mar 09, 2022 | $0.256 | OrdinaryDividend |
VCIGX - Fund Manager Analysis
Managers
Tony DeSpirito
Start Date
Tenure
Tenure Rank
Oct 01, 2014
7.67
7.7%
Mr. DeSpirito has been a Managing Director of BlackRock, Inc. since 2014. Prior to joining BlackRock in August 2014, for the last 18 years Tony had been with Pzena Investment Management where he was Managing Principal, Portfolio Manager and a member of the firm’s Executive Committee. Prior to joining Pzena Investment Management in 1996, Mr. DeSpirito was an Associate in the Corporate Department at the Boston based law firm of Ropes & Gray LLP. At Ropes & Gray, he advised clients in the direct television, financial services, fitness, packaging films, retail, software, and wire and cable industries. Mr. DeSpirito earned a B.S. summa cum laude from the Wharton School of the University of Pennsylvania in 1990 and a J.D. magna cum laude from Harvard Law School in 1993. "
David Zhao
Start Date
Tenure
Tenure Rank
Aug 31, 2017
4.75
4.8%
Jointly and primarily responsible for the day-to-day management of the Fund’s portfolio including setting the Fund’s overall investment strategy and overseeing the management of the Fund
Peter Vanderlee
Start Date
Tenure
Tenure Rank
Jul 07, 2021
0.9
0.9%
Peter Vanderlee is a Managing Director and Portfolio Manager at ClearBridgeof ClearBridge and has 20 years of industry experience and 11 years of related industry experience. He joined the subadviser or its predecessor in 2005. His investment industry experience includes a senior associate position in the Financial Services and Information Technology Group of Booz & Co. and a senior position as first vice president within the Information Technology Division of Citigroup Inc. Previously, he was with Citigroup Global Markets Inc. (“CGMI”) since 1999. Mr. Vanderlee received his MS in Math/Computer Science from the University of Technology, Eindhoven, Holland and his MBA from New York University’s Leonard N. Stern School of Business. He is a member of the CFA Institute.
Michael Clarfeld
Start Date
Tenure
Tenure Rank
Jul 07, 2021
0.9
0.9%
Michael is a member of the Income Solutions team and co-manages the Dividend Strategy and Energy MLP products. He joined ClearBridge Investments in 2006 as a Research Analyst and was named a Portfolio Manager in 2009. Michael has 20 years of investment industry experience. Prior to joining ClearBridge, Michael served as an Equity Analyst at Hygrove Partners and was a Financial Analyst at Goldman Sachs. He is a member of the CFA Institute and of the New York Society of Security Analysts. Michael received his BA in History from Duke University.
John Baldi
Start Date
Tenure
Tenure Rank
Jul 07, 2021
0.9
0.9%
John Baldi is a Portfolio Manager and co-manages the Dividend Strategy and Dividend Strategy ESG portfolios. Prior to his appointment to the Portfolio Management team, John served as a Senior Portfolio Analyst at ClearBridge. John has 23 years of investment industry experience and joined a predecessor organization in 2004. John previously served as a Senior Analyst for Specialty Finance at JPMorgan Chase. John earned a BS in Finance and Economics from Boston College. See more at: https://www.clearbridge.com/content/clearbridge/en-us/about/team/portfolio-management/baldi-john.html#sthash.8Eq9Nzlh.dpuf
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.05 | 86.59 | 8.08 | 6.71 |