Fund Evaluator:

VALIC Company I International Value Overview

VALIC Company I International Value (VCFVX) is an actively managed International Equity Foreign Large Value fund. VALIC launched the fund in 2005.

The investment seeks long-term growth of capital. Under normal market conditions, the fund invests at least 80% of its net assets in equity securities of foreign issuers. It will invest in securities of at least three different countries, including the United States. The fund normally invests in common stock, preferred stock, rights, warrants and American Depository Receipts (ADRs).

About VALIC Company I International Value (VCFVX)

There are 5 members of the management team with an average tenure of 2.34 years: Paul Digiacomo (2024), Daisuke Nomoto (2024), Alexis Deladerrière (2024), Abhishek Periwal (2024), Fred Copper (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI ACWI Ex USA NR USD index with a weighting of 100% and MSCI EAFE Value NR USD index with a weighting of 100%. VALIC Company I International Value has 140 securities in its portfolio. The top 10 holdings constitute 22.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

VALIC Company I International Value is part of the Equity global asset class and is within the International Equity fund group. VALIC Company I International Value has 91.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 4.1%. There is 91.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 2.9% (2.9% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VALIC Company I International Value has 0.8% of the portfolio in cash.

Assets Under Management

The fund has $524 million in total assets, which is below the $992 million average for the Foreign Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

VCFVX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VALIC Company I International Value expense ratio is high compared to funds in the Foreign Large Value category. VALIC Company I International Value has an expense ratio of 0.81%, which is 23% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. VALIC Company I International Value has a portfolio turnover rate of 66%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Value category.

Recently, in the month of August 2026, VALIC Company I International Value returned 1.5%, which earned it a grade of C, as the Foreign Large Value category had an average return of 1.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

VALIC Company I International Value has a trailing yield of 2.76%, which is above the 2.71% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

VALIC Company I International Value Grades

Year to date, the fund has returned 14.7%, 2.0 percentage points worse than the category, which translates into a grade of D. The fund has returned 25.3% over the past year (grade of D), 21.2% over the past three years (grade of C) and 11.4% per year over the past five years (grade of D) and 8.8% per year over the past 10 years (grade of D).

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