Large Capital Growth Fund
Fund
VLCGX
Price as of:
$18.79
- $0.07
- 0.37%
Primary Theme
fund company
Name
As of 04/17/2024Price
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
3.2%
1 yr return
18.1%
3 Yr Avg Return
5.9%
5 Yr Avg Return
11.0%
Net Assets
$684 M
Holdings in Top 10
45.5%
52 WEEK LOW AND HIGH
$18.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.75%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 22.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
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
VLCGX - Profile
Distributions
- YTD Total Return 3.2%
- 3 Yr Annualized Total Return 5.9%
- 5 Yr Annualized Total Return 11.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.24%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
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Legal NameLarge Capital Growth Fund
-
Fund Family NameVALIC Company
-
Inception DateSep 01, 2006
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeffrey Constantino
Fund Description
The Fund seeks to meet its objective by investing, normally, at least 80% of its net assets in securities of large-cap companies. In complying with this 80% investment requirement, the Fund will invest primarily in common stocks.Generally, large-cap companies will include companies whose market capitalizations, at the time of purchase, are equal to or greater than the market capitalization of the smallest company in the Russell 1000® Index during the most recent 12-month period. As of July 31, 2023, the market capitalization range of the companies in the Russell 1000® Index was approximately $1.33billion to $3.11 trillion.The Fund’s Subadviser focuses on investing the Fund’s assets in the stocks of companies it believes to have above average earnings growth potential compared to other companies. Growth companies tend to have stock prices that are high relative to their earnings, dividends, book value, or other financial measures.The Fund’s Subadviser uses an active bottom-up investment approach to buying and selling investments for the Fund. Investments are selected primarily based on fundamental analysis of individual issuers and their potential in light of their financial condition, and market, economic, political, and regulatory conditions. Factors considered may include analysis of an issuer’s earnings, cash flows, competitive position, and management ability. The Subadviser may also consider environmental, social, and governance (ESG) factors in its fundamental investment analysis where the Subadviser believes such factors could materially impact the economic value of an issuer. ESG factors considered may include, but are not limited to, climate change, resource depletion, an issuer’s governance structure and practices, data protection and privacy issues, and diversity and labor practices.Quantitative screening tools that systematically evaluate an issuer’s valuation,price andearnings momentum,earnings quality,and other factors may also be considered.The Fund may invest up to 25% of its total assets in foreign securities.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.
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VLCGX - Performance
Return Ranking - Trailing
| Period | VLCGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.2% | -16.3% | 19.3% | 89.31% |
| 1 Yr | 18.1% | -24.2% | 56.3% | 91.93% |
| 3 Yr | 5.9%* | -31.3% | 22.2% | 37.35% |
| 5 Yr | 11.0%* | -16.7% | 28.7% | 81.46% |
| 10 Yr | 7.3%* | -5.9% | 18.7% | 96.79% |
* Annualized
Return Ranking - Calendar
| Period | VLCGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.6% | -74.1% | 72.4% | 95.01% |
| 2022 | -27.9% | -85.9% | 4.7% | 21.35% |
| 2021 | 13.9% | -52.4% | 60.5% | 30.80% |
| 2020 | 12.2% | -34.3% | 145.0% | 92.21% |
| 2019 | 30.0% | -21.8% | 49.4% | 19.54% |
Total Return Ranking - Trailing
| Period | VLCGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.2% | -16.3% | 19.3% | 89.31% |
| 1 Yr | 18.1% | -24.2% | 56.3% | 91.93% |
| 3 Yr | 5.9%* | -31.3% | 22.2% | 37.35% |
| 5 Yr | 11.0%* | -16.7% | 28.7% | 81.46% |
| 10 Yr | 7.3%* | -5.9% | 18.7% | 96.79% |
* Annualized
Total Return Ranking - Calendar
| Period | VLCGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 23.9% | -4.6% | 72.4% | 88.64% |
| 2022 | -19.2% | -61.7% | 5.6% | 7.52% |
| 2021 | 26.1% | -39.8% | 118.1% | 22.48% |
| 2020 | 12.2% | 2.8% | 149.2% | 99.08% |
| 2019 | 30.0% | -5.2% | 49.4% | 76.80% |
NAV & Total Return History
VLCGX - Holdings
Concentration Analysis
| VLCGX | Category Low | Category High | VLCGX % Rank | |
|---|---|---|---|---|
| Net Assets | 684 M | 242 K | 269 B | 62.37% |
| Number of Holdings | 55 | 1 | 3217 | 57.18% |
| Net Assets in Top 10 | 311 M | 104 K | 111 B | 62.67% |
| Weighting of Top 10 | 45.52% | 0.7% | 205.0% | 68.25% |
Top 10 Holdings
- Microsoft Corp 14.17%
- Apple Inc 5.88%
- Alphabet Inc 5.02%
- Visa Inc 4.60%
- Accenture PLC 4.06%
- Amphenol Corp 2.54%
- Church Dwight Co Inc 2.43%
- Aon PLC 2.33%
- NIKE Inc 2.28%
- Agilent Technologies Inc 2.24%
Asset Allocation
| Weighting | Return Low | Return High | VLCGX % Rank | |
|---|---|---|---|---|
| Stocks | 99.29% | 0.00% | 130.05% | 32.35% |
| Bonds | 0.48% | 0.00% | 104.15% | 2.03% |
| Cash | 0.23% | -1.50% | 173.52% | 81.67% |
| Preferred Stocks | 0.00% | 0.00% | 7.84% | 40.37% |
| Other | 0.00% | -43.49% | 50.04% | 44.09% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 30.96% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | VLCGX % Rank | |
|---|---|---|---|---|
| Technology | 34.67% | 0.00% | 65.70% | 54.65% |
| Healthcare | 14.44% | 0.00% | 39.76% | 32.74% |
| Communication Services | 11.58% | 0.00% | 66.40% | 38.24% |
| Financial Services | 10.44% | 0.00% | 43.06% | 38.58% |
| Consumer Cyclical | 10.19% | 0.00% | 62.57% | 84.35% |
| Consumer Defense | 9.49% | 0.00% | 25.50% | 5.08% |
| Industrials | 4.76% | 0.00% | 30.65% | 64.64% |
| Real Estate | 1.95% | 0.00% | 16.05% | 29.61% |
| Basic Materials | 1.37% | 0.00% | 18.91% | 44.08% |
| Utilities | 1.12% | 0.00% | 16.07% | 15.82% |
| Energy | 0.00% | 0.00% | 41.09% | 66.67% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | VLCGX % Rank | |
|---|---|---|---|---|
| US | 95.33% | 0.00% | 130.05% | 79.48% |
| Non US | 3.96% | 0.00% | 78.10% | 13.01% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | VLCGX % Rank | |
|---|---|---|---|---|
| Derivative | 0.00% | -44.09% | 82.03% | 36.77% |
| Cash & Equivalents | 0.00% | 0.00% | 173.52% | 89.18% |
| Securitized | 0.00% | 0.00% | 43.70% | 27.63% |
| Corporate | 0.00% | 0.00% | 100.00% | 38.24% |
| Municipal | 0.00% | 0.00% | 0.57% | 27.63% |
| Government | 0.00% | 0.00% | 12.45% | 28.61% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | VLCGX % Rank | |
|---|---|---|---|---|
| US | 0.48% | 0.00% | 104.15% | 1.94% |
| Non US | 0.00% | 0.00% | 1.69% | 27.53% |
VLCGX - Expenses
Operational Fees
| VLCGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.75% | 0.01% | 19.54% | 69.60% |
| Management Fee | 0.64% | 0.00% | 1.50% | 52.33% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.06% | 0.01% | 1.02% | 28.49% |
Sales Fees
| VLCGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| VLCGX 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.
| VLCGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 22.00% | 0.00% | 316.74% | 27.41% |
VLCGX - Distributions
Dividend Yield Analysis
| VLCGX | Category Low | Category High | VLCGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 28.16% | 32.06% |
Dividend Distribution Analysis
| VLCGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| VLCGX | Category Low | Category High | VLCGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.24% | -6.13% | 3.48% | 14.68% |
Capital Gain Distribution Analysis
| VLCGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 07, 2024 | $0.074 | OrdinaryDividend |
| Mar 07, 2023 | $0.039 | OrdinaryDividend |
| Mar 09, 2022 | $0.039 | OrdinaryDividend |
VLCGX - Fund Manager Analysis
Managers
Jeffrey Constantino
Start Date
Tenure
Tenure Rank
Sep 16, 2013
8.71
8.7%
Jeffrey C. Constantino is a portfolio manager, and was an equity research analyst for 5 years until he was promoted to his current position at Massachusetts Financial Services Company in 2005. Prior to joining MFS in 2000, he was employed as a financial consultant in mergers and acquisitions for Arthur Andersen LLP. Constantino holds the Chartered Financial Analyst designation and Certified Public Accountant designation.
Joseph Skorski
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
Mr. Skorski joined MFS in 2007 and has more than two decades of investment experience. During his tenure at the firm, he has had both equity research analyst and portfolio management responsibilities. He joined the portfolio management team of the MFS® Global Growth Equity and MFS® Global Growth Concentrated Equity strategies in 2018 and previously had portfolio management responsibilities for the firm’s Japan Equity strategy.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.21 | 3.08 |