International Growth Fund
Fund
VCINX
Price as of:
$11.68
+ $0.01
+ 0.09%
Primary Theme
fund company
Name
As of 11/19/2024Price
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
Vitals
YTD Return
5.3%
1 yr return
13.3%
3 Yr Avg Return
-8.2%
5 Yr Avg Return
5.1%
Net Assets
$367 M
Holdings in Top 10
54.1%
52 WEEK LOW AND HIGH
$11.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.07%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 18.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/19/2024Price
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
VCINX - Profile
Distributions
- YTD Total Return 5.3%
- 3 Yr Annualized Total Return -8.2%
- 5 Yr Annualized Total Return 5.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.10%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
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Legal NameInternational Growth Fund
-
Fund Family NameVALIC Company
-
Inception DateSep 01, 2006
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKristian Heugh
Fund Description
The Fund’s subadviser uses a proprietary investment strategy to invest in companies that it believes will increase in value over time. Under normal market conditions, the subadviser seeks to achieve the Fund’s objective by investing primarily in established companies on an international basis, with capitalizations within the range of companies included in the MSCI ACWI ex USA Index. As of July 31, 2024, the market capitalization range of the companies in the MSCI ACWI ex USA Index was approximately $109.2 million to $727.1 billion.The subadviser emphasizes a bottom-up stock selection process, seeking attractive investments on an individual company basis. In selecting securities for investment, the subadviser seeks high-quality, established companies that the subadviser believes are undervalued at the time of purchase. The subadviser typically favors companies it believes have sustainable competitive advantages that can be monetized through growth. The investment process integrates analysis of sustainability with respect to disruptive change, financial strength, environmental and social externalities and governance (also referred to as ESG). The subadviser generally considers selling a portfolio holding when it determines that the holding no longer satisfies its investment criteria because the quality of the company’s business deteriorates or the price relative to the company’s intrinsic value is no longer attractive. The subadviser views incorporating ESG-related potential risks and opportunities within the investment process as important to ensure long-term stewardship of capital. Over extended time horizons, the subadviser believes that ESG risks are more likely to materialize and externalities not borne by the company are more likely to be priced into the value of securities. Since ESG risks could potentially impact the risk and reward profile of investment opportunities, the subadviser typically engages company management in constructive discussions on a range of ESG issues the subadviser deems materially important.The Fund may invest in foreign securities, which may include emerging market securities. Under normal circumstances, the Fund invests at least 40% of its net assets in the securities of issuers from at least three countries outside of the United States. The Fund considers an issuer to be from a particular country (including the United States) or geographic region if: (i) its principal securities trading market is in that country or geographic region; (ii) alone or on a consolidated basis it derives 50% or more of its annual revenue or profits from goods produced, sales made or services performed in that country or geographic region or has at least 50% of its assets in that country or geographic region; or (iii) it is organized under the laws of, or has a principal office in, that country or geographic region. The Fund may invest up to 35% of its total assets (excluding cash) in securities of issuers located in emerging market countries.For purposes of maintaining exposure of at least 40% of the Fund’s assets to equity securities of issuers located or operating outside the United States, the Fund may also invest in American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and other types of depositary receipts with respect to issuers located or operating outside the United States. The equity securities in which the Fund invests are denominated in both U.S. and non-U.S. currencies and include common stock.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.
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VCINX - Performance
Return Ranking - Trailing
| Period | VCINX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.3% | -6.7% | 32.7% | 56.54% |
| 1 Yr | 13.3% | -0.7% | 36.5% | 27.23% |
| 3 Yr | -8.2%* | -12.5% | 6.3% | 87.07% |
| 5 Yr | 5.1%* | -2.2% | 13.2% | 48.57% |
| 10 Yr | 1.7%* | 1.7% | 9.4% | 100.00% |
* Annualized
Return Ranking - Calendar
| Period | VCINX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -0.4% | -0.4% | 28.6% | 100.00% |
| 2022 | -43.3% | -49.5% | -15.2% | 98.42% |
| 2021 | 13.8% | -22.2% | 19.3% | 3.55% |
| 2020 | 34.0% | -3.7% | 85.0% | 11.14% |
| 2019 | 0.5% | -4.0% | 45.1% | 99.05% |
Total Return Ranking - Trailing
| Period | VCINX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.3% | -6.7% | 32.7% | 56.54% |
| 1 Yr | 13.3% | -0.7% | 36.5% | 27.23% |
| 3 Yr | -8.2%* | -12.5% | 6.3% | 87.07% |
| 5 Yr | 5.1%* | -2.2% | 13.2% | 48.57% |
| 10 Yr | 1.7%* | 1.7% | 9.4% | 100.00% |
* Annualized
Total Return Ranking - Calendar
| Period | VCINX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.7% | 1.8% | 28.6% | 33.77% |
| 2022 | -34.0% | -44.4% | -11.0% | 91.29% |
| 2021 | 14.2% | -20.6% | 20.5% | 8.74% |
| 2020 | 34.0% | 7.6% | 97.1% | 14.57% |
| 2019 | 0.5% | 0.5% | 45.3% | 100.00% |
NAV & Total Return History
VCINX - Holdings
Concentration Analysis
| VCINX | Category Low | Category High | VCINX % Rank | |
|---|---|---|---|---|
| Net Assets | 367 M | 201 K | 133 B | 71.47% |
| Number of Holdings | 32 | 4 | 1806 | 95.03% |
| Net Assets in Top 10 | 207 M | 70.5 K | 36.7 B | 66.75% |
| Weighting of Top 10 | 54.11% | 10.1% | 99.9% | 5.24% |
Top 10 Holdings
- Hermes International SCA 8.42%
- DSV A/S 7.21%
- Moncler SpA 6.03%
- MercadoLibre Inc 5.09%
- Schneider Electric SE 5.00%
- Taiwan Semiconductor Manufacturing Co Ltd 4.88%
- ASML Holding NV 4.67%
- Keyence Corp 4.62%
- Spotify Technology SA 4.43%
- Canadian Pacific Kansas City Ltd 3.75%
Asset Allocation
| Weighting | Return Low | Return High | VCINX % Rank | |
|---|---|---|---|---|
| Stocks | 98.63% | 89.22% | 105.20% | 32.98% |
| Cash | 1.98% | 0.00% | 11.43% | 49.21% |
| Preferred Stocks | 0.00% | 0.00% | 10.21% | 31.68% |
| Other | 0.00% | -0.31% | 3.89% | 23.04% |
| Convertible Bonds | 0.00% | 0.00% | 2.45% | 1.57% |
| Bonds | 0.00% | 0.00% | 0.03% | 1.31% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | VCINX % Rank | |
|---|---|---|---|---|
| Consumer Cyclical | 27.26% | 0.00% | 46.28% | 4.72% |
| Technology | 20.43% | 1.51% | 38.21% | 26.77% |
| Financial Services | 14.86% | 0.00% | 38.62% | 45.41% |
| Consumer Defense | 12.93% | 0.00% | 25.77% | 23.10% |
| Industrials | 10.67% | 0.68% | 31.28% | 84.51% |
| Utilities | 4.74% | 0.00% | 9.05% | 1.05% |
| Healthcare | 3.51% | 1.36% | 29.58% | 97.90% |
| Communication Services | 2.80% | 0.00% | 41.13% | 65.35% |
| Basic Materials | 2.80% | 0.00% | 23.15% | 86.88% |
| Real Estate | 0.00% | 0.00% | 6.64% | 47.51% |
| Energy | 0.00% | 0.00% | 24.97% | 69.03% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | VCINX % Rank | |
|---|---|---|---|---|
| Non US | 72.70% | 0.00% | 99.95% | 78.01% |
| US | 25.93% | 0.00% | 99.87% | 17.80% |
VCINX - Expenses
Operational Fees
| VCINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.07% | 0.01% | 13.07% | 46.58% |
| Management Fee | 0.93% | 0.00% | 1.50% | 90.58% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.06% | 0.03% | 0.80% | 46.02% |
Sales Fees
| VCINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| VCINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 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.
| VCINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 18.00% | 7.00% | 149.00% | 25.97% |
VCINX - Distributions
Dividend Yield Analysis
| VCINX | Category Low | Category High | VCINX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 12.70% | 78.22% |
Dividend Distribution Analysis
| VCINX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| VCINX | Category Low | Category High | VCINX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.10% | -1.69% | 3.16% | 70.11% |
Capital Gain Distribution Analysis
| VCINX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Quarterly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 07, 2023 | $1.901 | CapitalGainLongTerm |
| Mar 09, 2022 | $0.100 | CapitalGainShortTerm |
| Mar 09, 2022 | $1.994 | CapitalGainLongTerm |
| Mar 10, 2021 | $0.065 | CapitalGainLongTerm |
VCINX - Fund Manager Analysis
Managers
Kristian Heugh
Start Date
Tenure
Tenure Rank
Mar 08, 2018
4.23
4.2%
Kristian Heugh is the Head of the Global Opportunity team and leads Global and International investing for Counterpoint Global. He joined Morgan Stanley in 2001 and has been with financial industry since 2001. Previously, Kristian was a co-portfolio manager of an international equity strategy and a technology strategy while a member of the Global Research Group, working closely with the Counterpoint Global team. Prior to that, he was a technology analyst for MSIM’s Sector Rotation multi-cap growth strategies. Kristian received a B.A. in economics from Duke University and holds the Chartered Financial Analyst designation.
Wendy Wang
Start Date
Tenure
Tenure Rank
Oct 01, 2018
3.67
3.7%
Wendy Wang is an investor for the Global Opportunity team. She joined Morgan Stanley in 2012 and has been with financial industry since 2008. Prior to joining the firm, Wendy was a research associate for consumer and renewable energy sectors at CLSA and Yuanta. Previously, she was a corporate finance analyst at McKinsey & Company. Wendy received a B.B.A. in accounting and finance from the University of Hong Kong, Hong Kong and holds the Chartered Financial Analyst designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 26.94 | 7.77 | 20.01 |