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Trending ETFs

Core Bond Fund

mutual fund
VCBDX
Payout Change
Pending
Price as of:
$10.0 -0.03 -0.3%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Other (VCBDX)
VCBDX (Mutual Fund)

Core Bond Fund

Payout Change
Pending
Price as of:
$10.0 -0.03 -0.3%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Other (VCBDX)
VCBDX (Mutual Fund)

Core Bond Fund

Payout Change
Pending
Price as of:
$10.0 -0.03 -0.3%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Other (VCBDX)

Name

As of 12/09/2024

Price

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

Core Bond Fund

VCBDX | Fund

$10.00

$2.51 B

3.52%

$0.35

0.51%

Vitals

YTD Return

3.7%

1 yr return

6.8%

3 Yr Avg Return

-1.7%

5 Yr Avg Return

-0.2%

Net Assets

$2.51 B

Holdings in Top 10

12.5%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.51%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 39.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/09/2024

Price

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

Core Bond Fund

VCBDX | Fund

$10.00

$2.51 B

3.52%

$0.35

0.51%

VCBDX - Profile

Distributions

  • YTD Total Return 3.7%
  • 3 Yr Annualized Total Return -1.7%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.73%
DIVIDENDS
  • Dividend Yield 3.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Core Bond Fund
  • Fund Family Name
    VALIC Company
  • Inception Date
    Sep 01, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Vanden Assem

Fund Description

The Fund invests, under normal circumstances, at least 80% of net assets in medium- to high-quality fixed-income securities, including corporate debt securities of domestic and foreign companies, or in securities issued or guaranteed by the U.S. Government such as treasury obligations, including treasury coupon strips and treasury principal strips, and other U.S. Government securities,mortgage-related and mortgage-backed or non‑mortgage asset-backed securities. The Fund may invest a significant portion or all of its assets in mortgage-related and mortgage-backed securities at the subadviser’s discretion,including securities issued or guaranteed by the Federal National Mortgage Association (“FNMA”), the Federal Home Loan Mortgage Corporation (“FHLMC”) or the Government National Mortgage Association. Mortgage-related and mortgage-backed securities may be structured as collateralized mortgage obligations (agency and non‑agency), stripped mortgage-backed securities, commercial mortgage-backed securities, mortgage pass-through securities and cash and cash equivalents. These securities may be structured such that payments consist of interest-only (IO), principal-only (PO) or principal and interest.Although the Fund invests primarily in medium-to high-quality fixed-income securities, which are considered investment-grade, up to 20% of its net assets may be invested in lower-quality fixed-income securities (often referred to as “junk bonds”), including “sub‑prime mortgages,” which are considered below investment-grade. A fixed-income security will be considered investment-grade if it is rated Baa3 or higher by Moody’s Investor Services, Inc. or BBB-or higher by S&P Global Ratings or determined to be of comparable quality by the subadviser. The Fund expects to invest no more than 10%of its assets in “sub-prime” mortgage-related securities at the time of purchase.Up to 40% of the Fund’s total assets may be invested in U.S. dollar-denominated fixed-income securities issued by foreign issuers, including fixed-income securities issued by issuers in emerging markets. Emerging market countries are countries that major international financial institutions and financial organizations, such as the World Bank and Bloomberg, generally consider to be less economically mature than developed nations, and include most countries in the world except Australia, Canada, Japan, New Zealand, the U.S., the United Kingdom and most western European countries and Hong Kong. These fixed-income securities are rated investment grade or higher at the time of investment (or the unrated equivalent). However, the subadvisers are not required to dispose of a security if its rating is downgraded.Up to 20% of the Fund’s net assets may be invested in interest-bearing short-term investments, such as commercial paper, bankers’ acceptances, bank certificates of deposit, and other cash equivalents and cash.One subadviser’s, investment strategy relies on many short-term factors, including current information about a company, investor interest, price movements of a company’s securities and general market and monetary conditions.The other subadviser buys and sells securities and investments for the Fund based on its view of individual securities and market sectors. Taking a long-term approach, the subadviser looks for individual fixed income investments that it believes will perform well over market cycles. The subadviser is value oriented and makes decisions to purchase and sell individual securities and instruments after performing a risk/reward analysis that includes an evaluation of interest rate risk, credit risk, duration, liquidity, legal provisions and the structure of the transaction.Consequently, the Fund may engage in active and frequent trading of portfolio securities in an effort to achieve its investment objective.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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VCBDX - Performance

Return Ranking - Trailing

Period VCBDX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -6.1% 11.5% 60.41%
1 Yr 6.8% -3.5% 15.7% 48.91%
3 Yr -1.7%* -10.5% 28.4% 46.75%
5 Yr -0.2%* -7.2% 59.0% 79.47%
10 Yr 0.3%* -2.8% 74.1% 97.95%

* Annualized

Return Ranking - Calendar

Period VCBDX Return Category Return Low Category Return High Rank in Category (%)
2023 3.8% -16.2% 8.1% 2.91%
2022 -16.1% -34.7% 131.9% 52.77%
2021 -5.7% -11.6% 4.4% 95.88%
2020 5.2% -9.9% 946.1% 27.39%
2019 8.1% -1.7% 16.9% 1.32%

Total Return Ranking - Trailing

Period VCBDX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -6.1% 11.5% 60.41%
1 Yr 6.8% -3.5% 15.7% 48.91%
3 Yr -1.7%* -10.5% 28.4% 46.75%
5 Yr -0.2%* -7.2% 59.0% 79.47%
10 Yr 0.3%* -2.8% 74.1% 97.95%

* Annualized

Total Return Ranking - Calendar

Period VCBDX Return Category Return Low Category Return High Rank in Category (%)
2023 6.5% -11.3% 11.9% 32.54%
2022 -14.3% -32.2% 131.9% 72.23%
2021 -0.8% -9.4% 9.2% 40.49%
2020 5.2% -1.9% 1009.0% 92.52%
2019 8.1% 1.1% 21668.0% 70.95%

NAV & Total Return History

VCBDX - Holdings

Concentration Analysis

VCBDX Category Low Category High VCBDX % Rank
Net Assets 2.51 B 2.9 M 314 B 39.79%
Number of Holdings 1519 1 17880 29.80%
Net Assets in Top 10 325 M 1.62 M 35.1 B 54.21%
Weighting of Top 10 12.53% 4.7% 3984.6% 88.84%

Top 10 Holdings

  1. U.S. Treasury Notes 2.04%
  2. U.S. Treasury Notes 1.69%
  3. U.S. Treasury Notes 1.63%
  4. U.S. Treasury Notes 1.46%
  5. Fannie Mae Pool 1.23%
  6. U.S. Treasury Notes 0.94%
  7. U.S. Treasury Bonds 0.91%
  8. U.S. Treasury Notes 0.89%
  9. State Street Institutional Liquid Reserves Fund 0.87%
  10. U.S. Treasury Notes 0.86%

Asset Allocation

Weighting Return Low Return High VCBDX % Rank
Bonds 		91.26% 0.00% 9231.88% 68.50%
Other 		6.58% -27.25% 1695.17% 35.83%
Convertible Bonds 		2.04% 0.00% 7.93% 29.50%
Cash 		1.27% -54.51% 237.69% 70.72%
Stocks 		0.89% 0.00% 99.98% 10.16%
Preferred Stocks 		0.00% 0.00% 72.34% 28.76%

Stock Sector Breakdown

Weighting Return Low Return High VCBDX % Rank
Utilities 		0.00% 0.00% 100.00% 85.65%
Technology 		0.00% 0.00% 43.45% 80.38%
Real Estate 		0.00% 0.00% 99.26% 80.38%
Industrials 		0.00% 0.00% 48.31% 89.47%
Healthcare 		0.00% 0.00% 17.70% 0.96%
Financial Services 		0.00% 0.00% 100.00% 83.25%
Energy 		0.00% 0.00% 100.00% 89.00%
Communication Services 		0.00% 0.00% 100.00% 85.17%
Consumer Defense 		0.00% 0.00% 99.67% 81.82%
Consumer Cyclical 		0.00% 0.00% 100.00% 83.73%
Basic Materials 		0.00% 0.00% 100.00% 80.86%

Stock Geographic Breakdown

Weighting Return Low Return High VCBDX % Rank
US 		0.89% 0.00% 99.98% 10.18%
Non US 		0.00% 0.00% 88.46% 97.82%

Bond Sector Breakdown

Weighting Return Low Return High VCBDX % Rank
Securitized 		44.28% 0.00% 98.40% 16.11%
Corporate 		30.05% 0.00% 100.00% 50.73%
Government 		14.41% 0.00% 86.23% 76.26%
Cash & Equivalents 		0.89% 0.00% 237.69% 71.75%
Derivative 		0.00% -6.56% 44.82% 41.54%
Municipal 		0.00% 0.00% 100.00% 99.79%

Bond Geographic Breakdown

Weighting Return Low Return High VCBDX % Rank
US 		91.26% 0.00% 9042.62% 60.02%
Non US 		0.00% 0.00% 189.26% 98.65%

VCBDX - Expenses

Operational Fees

VCBDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.51% 0.01% 39.64% 70.85%
Management Fee 0.41% 0.00% 1.76% 75.24%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.06% 0.01% 0.50% 36.87%

Sales Fees

VCBDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

VCBDX 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.

VCBDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 39.00% 2.00% 493.39% 12.26%

VCBDX - Distributions

Dividend Yield Analysis

VCBDX Category Low Category High VCBDX % Rank
Dividend Yield 3.52% 0.00% 10.11% 58.13%

Dividend Distribution Analysis

VCBDX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Monthly Monthly Monthly

Net Income Ratio Analysis

VCBDX Category Low Category High VCBDX % Rank
Net Income Ratio 1.73% -1.28% 4.79% 49.18%

Capital Gain Distribution Analysis

VCBDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

VCBDX - Fund Manager Analysis

Managers

Robert Vanden Assem

Start Date

Tenure

Tenure Rank

Dec 31, 2002

19.43

19.4%

Robert A. Vanden Assem, CFA, is a Porfolio Manager, Managing Director and Head of Developed Markets Investment Grade Fixed Income. Robert joined PineBridge in 2001 and is a Managing Director and Head of Developed Markets Investment Grade Fixed Income. He is responsible for the management of high-grade institutional and retail fixed-income portfolios. He received a BS in Accounting from Fairleigh Dickinson University and an MBA in Finance from New York University. He is a CFA charterholder.

John Yovanovic

Start Date

Tenure

Tenure Rank

Feb 14, 2007

15.3

15.3%

Mr. Yovanovic joined PineBridge Investments, LLC with the acquisition of American General Investment Management (AGIM) in 2001. He is the director of high yield portfolio management and co-manages the high yield portfolios. Previously, he was head of high yield trading. He has also been a senior analyst and managed the high yield energy research group. Prior to joining AIGGIG, Mr.Yovanovic was a senior research analyst and trader at Mentor Investment Advisors and VanKampen Funds. He has a BBA from the University of Houston, 1991. He is a Chartered Financial Analyst charterholder.

Dana Burns

Start Date

Tenure

Tenure Rank

Dec 31, 2014

7.42

7.4%

Dana Burns, Managing Director, Investment Grade Fixed Income, joined the firm in 2007. He is currently a senior portfolio manager within the Investment Grade Credit Group and is responsible for the management of high grade institutional and retail fixed income portfolios. Mr. Burns’ primary focus at the firm is the management of investment grade total return portfolios and high quality insurance company assets. Prior to joining the firm, Mr. Burns was Vice President and co-manager of the Fixed Income Separately Managed Account Group at Morgan Stanley. Additionally, Mr. Burns managed assets for high net-worth individuals through Morgan Stanley’s Private Wealth Management Group (PWM). Mr. Burns’ investment industry experience began in 1997.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16

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