International Socially Responsible Fund
Fund
VCSOX
Price as of:
$23.92
+ $0.32
+ 1.36%
Primary Theme
fund company
Name
As of 04/22/2024Price
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
1.1%
1 yr return
7.8%
3 Yr Avg Return
1.3%
5 Yr Avg Return
-0.1%
Net Assets
$457 M
Holdings in Top 10
14.7%
52 WEEK LOW AND HIGH
$23.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.66%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 9.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/22/2024Price
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
VCSOX - Profile
Distributions
- YTD Total Return 1.1%
- 3 Yr Annualized Total Return 1.3%
- 5 Yr Annualized Total Return -0.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.89%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameInternational Socially Responsible Fund
-
Fund Family NameVALIC
-
Inception DateSep 01, 2006
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTimothy Campion
Fund Description
The Fund invests, under normal circumstances, at least 80% of its net assets in the equity securities of companies that meet the Fund’s social criteria located in at least three different countries, with at least 40% of net assets in foreign securities, or if conditions are unfavorable, at least 30% of net assets in foreign securities. The Fund will generally invest in the equity securities of large- and mid-cap companies domiciled in Europe, Australasia and the Far East. To determine which companies meet the Fund’s social criteria, the subadviser incorporates into its investment process research services from an independent social research service, MSCI ESG Research, LLC (“MSCI ESG Research”). The Fund does not invest in the securities of companies that do not meet its social criteria. The Fund’s subadviser will generally assess whether a company continues to meet the social criteria on a monthly basis. The Fund may invest up to 20% of net assets in other securities of companies that meet the Fund’s social criteria, including preferred stock, convertible securities, and high quality money market securities and warrants. The Fund may engage in frequent and active trading of portfolio securities to achieve the Fund’s investment objective.The principal investment technique of the Fund is to employ an enhanced index management strategy which seeks to modestly outperform the MSCI EAFE Index (net) (the “MSCI EAFE Index”) over time while maintaining similar risk characteristics to the MSCI EAFE Index. The MSCI EAFE Index is an equity index which captures large and mid cap representation across 21 developed markets countries around the world, excluding the US and Canada.The portfolio managers select securities from the MSCI EAFE Index that meet the Fund’s social criteria, and by employing a statistical technique known as “optimization.” Through this selection process, the portfolio managers seek to select a portfolio of securities that will modestly outperform the MSCI EAFE Index while maintaining similar risk characteristics to the MSCI EAFE Index. Because the Fund uses an enhanced index strategy and also limits its selections to securities that meet its social criteria, not all of the securities in the MSCI EAFE Index are included in its portfolio, and the Fund’s holdings may be underweight or overweight particular securities, sectors or industries within the MSCI EAFE Index.The Fund’s social criteria are as follows:The Fund does not invest in companies that have significant revenue derived from:•the manufacture or distribution of civilian firearms, military weapons or weapons delivery systems;•the manufacture or distribution of alcoholic beverages or tobacco products;•the operation of gambling-related businesses; and•the production of nuclear energy.The Fund’s revenue criteria are established by the Fund’s subadvisor and are applied based on MSCI ESG Research revenue calculations.The Fund also excludes companies with low environmental, social and governance controversy scores, as determined and provided by MSCI ESG Research. MSCI ESG Research uses a rules based methodology to assess issuers on key environmental, social, and governance issues (“MSCI Controversy Case Score”), including: (1) environmental issues such as climate change, natural resources, pollution and waste, and environmental opportunities; (2) social issues such as human capital, product liability, stakeholder opposition and social opportunities; and (3) governance issues such as corporate governance and corporate behavior.The Fund does not invest in companies that, based on low MSCI Controversy Case Scores:•have a history of poor labor-management relations;•engage in businesses or have products that have a severely negative impact on the environment;•have significant business operations in countries whose governments pose human rights concerns; operate businesses that have a significantly adverse impact on the communities in which they are located;•engage in businesses or have products that have a severely negative impact on their customers, which may include companies that have products that pose safety or health concerns, engage in practices that are anti-competitive or have marketing that is inappropriate or misleading; and•have a history of poor business ethics, which may include companies that have incidents of bribery or fraud, or poor governance structures.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.Investors will be given at least 60 days’ written notice in advance of any change to the Fund’s 80% investment policy set forth above. Since the Fund’s definition of social criteria is not “fundamental,” VC I’s Board of Directors may change it without shareholder approval.
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VCSOX - Performance
Return Ranking - Trailing
| Period | VCSOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.1% | -9.7% | 25.4% | 80.77% |
| 1 Yr | 7.8% | -6.5% | 17.7% | 56.59% |
| 3 Yr | 1.3%* | -18.3% | 44.4% | 34.78% |
| 5 Yr | -0.1%* | -34.7% | 74.6% | 98.33% |
| 10 Yr | 2.9%* | -0.8% | 15.9% | 88.21% |
* Annualized
Return Ranking - Calendar
| Period | VCSOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.5% | -7.3% | 22.0% | 34.73% |
| 2022 | -22.7% | -43.6% | 71.3% | 91.63% |
| 2021 | -9.6% | -28.5% | 18.9% | 95.33% |
| 2020 | 2.3% | -90.1% | 992.1% | 90.73% |
| 2019 | 23.7% | -1.9% | 38.8% | 16.89% |
Total Return Ranking - Trailing
| Period | VCSOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.1% | -9.7% | 25.4% | 80.77% |
| 1 Yr | 7.8% | -6.5% | 17.7% | 56.59% |
| 3 Yr | 1.3%* | -18.3% | 44.4% | 34.78% |
| 5 Yr | -0.1%* | -34.7% | 74.6% | 98.33% |
| 10 Yr | 2.9%* | -0.8% | 15.9% | 88.21% |
* Annualized
Total Return Ranking - Calendar
| Period | VCSOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.4% | 3.2% | 41.4% | 20.36% |
| 2022 | -16.5% | -43.6% | 144.8% | 60.88% |
| 2021 | -9.6% | -22.6% | 56.0% | 99.07% |
| 2020 | 2.3% | -89.7% | 1010.8% | 96.17% |
| 2019 | 23.7% | 4.3% | 38.8% | 35.64% |
NAV & Total Return History
VCSOX - Holdings
Concentration Analysis
| VCSOX | Category Low | Category High | VCSOX % Rank | |
|---|---|---|---|---|
| Net Assets | 457 M | 2.56 M | 425 B | 60.24% |
| Number of Holdings | 469 | 1 | 10801 | 23.67% |
| Net Assets in Top 10 | 60 M | 0 | 41 B | 71.45% |
| Weighting of Top 10 | 14.70% | 2.7% | 112.8% | 82.99% |
Top 10 Holdings
- FIXED INC CLEARING CORP.REPO 3.24%
- Novo Nordisk A/S 2.13%
- ASML Holding NV 1.88%
- SAP SE 1.25%
- AstraZeneca PLC 1.23%
- Novartis AG 1.21%
- Air Liquide SA 1.04%
- Zurich Insurance Group AG 1.00%
- Siemens AG 0.88%
- ABB Ltd 0.85%
Asset Allocation
| Weighting | Return Low | Return High | VCSOX % Rank | |
|---|---|---|---|---|
| Stocks | 93.37% | 0.00% | 122.60% | 89.35% |
| Other | 3.45% | -2.97% | 43.01% | 5.33% |
| Cash | 3.18% | -22.43% | 100.00% | 24.41% |
| Preferred Stocks | 0.00% | -0.01% | 7.80% | 66.72% |
| Convertible Bonds | 0.00% | 0.00% | 4.18% | 36.65% |
| Bonds | 0.00% | -1.67% | 71.30% | 40.53% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | VCSOX % Rank | |
|---|---|---|---|---|
| Financial Services | 20.75% | 0.00% | 47.75% | 14.09% |
| Industrials | 15.05% | 5.17% | 99.49% | 46.82% |
| Healthcare | 11.43% | 0.00% | 21.01% | 53.33% |
| Basic Materials | 9.16% | 0.00% | 23.86% | 27.12% |
| Consumer Cyclical | 8.78% | 0.00% | 36.36% | 75.91% |
| Technology | 8.52% | 0.00% | 36.32% | 76.36% |
| Consumer Defense | 7.47% | 0.00% | 32.29% | 82.12% |
| Communication Services | 7.05% | 0.00% | 21.69% | 31.06% |
| Utilities | 4.22% | 0.00% | 13.68% | 17.27% |
| Energy | 3.82% | 0.00% | 16.89% | 71.97% |
| Real Estate | 3.74% | 0.00% | 14.59% | 10.76% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | VCSOX % Rank | |
|---|---|---|---|---|
| Non US | 92.78% | 0.00% | 121.07% | 42.31% |
| US | 0.59% | 0.00% | 103.55% | 90.83% |
VCSOX - Expenses
Operational Fees
| VCSOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.66% | 0.01% | 18.22% | 77.19% |
| Management Fee | 0.50% | 0.00% | 1.65% | 34.67% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.06% | 0.01% | 1.00% | 30.77% |
Sales Fees
| VCSOX 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
| VCSOX 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.
| VCSOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 9.00% | 2.00% | 247.00% | 13.29% |
VCSOX - Distributions
Dividend Yield Analysis
| VCSOX | Category Low | Category High | VCSOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 25.90% | 64.06% |
Dividend Distribution Analysis
| VCSOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| VCSOX | Category Low | Category High | VCSOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.89% | -0.93% | 6.38% | 38.94% |
Capital Gain Distribution Analysis
| VCSOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 07, 2024 | $0.433 | OrdinaryDividend |
| Mar 09, 2022 | $0.840 | OrdinaryDividend |
VCSOX - Fund Manager Analysis
Managers
Timothy Campion
Start Date
Tenure
Tenure Rank
May 13, 2014
8.05
8.1%
Mr. Campion joined SunAmerica in February 2012. Before joining SunAmerica, he held investment-related positions at PineBridge Investments, LLC, and AIG Investments where he was part of the asset allocation team. While there, he was also responsible for management and trading of a wide variety of index funds, including domestic and international equities and fixed-income securities. Mr. Campion received a B.A. in History from Middlebury College. His investment experience dates from 1996
Elizabeth Mauro
Start Date
Tenure
Tenure Rank
May 14, 2019
3.05
3.1%
Elizabeth Mauro joined SunAmerica in 2017 and is a fixed income trader. Before joining the firm, she held several capital markets positions at Bank of New York Mellon Corporation, with product coverage in the Commercial Paper, Yankee CD, U.S. Treasuries, Agency Discount Notes, Bullets, and short-term Corporates categories. Elizabeth received a B.A. in Government from Smith College. Her investment experience dates back to 2011
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.35 | 6.3 | 3.25 |