Fund Evaluator:
VALIC Company I Cnsrv Allc Lifestyle (VGCLX)
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Best Performing in Moderately Conservative Allocation Over the Last Year
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| 14.3% | Fidelity Advisor Strategic Real Ret Z (FIQDX) |
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| 12.4% | Victory Growth and Tax Strategy (USBLX) |
Fund Details
VALIC Company I Cnsrv Allc Lifestyle Overview
VALIC Company I Cnsrv Allc Lifestyle (VGCLX) is an actively managed Allocation Moderately Conservative Allocation fund. VALIC launched the fund in 1998.
The investment seeks current income and low to moderate growth of capital. As a fund-of-funds, the fund's principal investment strategy is to allocate assets among a combination of mutual funds that, in turn, invest directly in a wide range of portfolio securities (like stocks and bonds). The fund invests a larger portion of its assets in underlying funds that invest in securities that generate current income, and generally has a lower risk level than the Aggressive Growth Lifestyle Fund and Moderate Growth Lifestyle Fund.
About VALIC Company I Cnsrv Allc Lifestyle (VGCLX)
There are 3 members of the management team with an average tenure of 3.84 years: Morgan Moriarty (2022), Gerhardt (Gary) Herbert (2022), Navdeep Saini (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 4 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100%, Bloomberg US Agg Bond TR USD index with a weighting of 65%, Russell 3000 TR USD index with a weighting of 26% and MSCI EAFE NR USD index with a weighting of 9%. VALIC Company I Cnsrv Allc Lifestyle has 11 securities in its portfolio. The top 10 holdings constitute 98.6% 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 Cnsrv Allc Lifestyle is part of the Allocation global asset class and is within the Allocation fund group. VALIC Company I Cnsrv Allc Lifestyle has 16.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 27.1%. There is 10.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 59.6% (53.8% domestic bond, 5.8% foreign bond and 0.0% convertible bond). VALIC Company I Cnsrv Allc Lifestyle has 2.7% of the portfolio in cash.
Assets Under Management
The fund has $274 million in total assets, which is below the $561 million average for the Moderately Conservative Allocation 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.
VGCLX 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 Cnsrv Allc Lifestyle expense ratio is average compared to funds in the Moderately Conservative Allocation category. VALIC Company I Cnsrv Allc Lifestyle has an expense ratio of 0.59%, which is 41% 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 Cnsrv Allc Lifestyle has a portfolio turnover rate of 20%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 43% for the Moderately Conservative Allocation category.
Recently, in the month of July 2026, VALIC Company I Cnsrv Allc Lifestyle returned -0.9%, which earned it a grade of D, as the Moderately Conservative Allocation category had an average return of -0.3%. 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 Cnsrv Allc Lifestyle has a trailing yield of 3.23%, which is below the 3.29% 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 Cnsrv Allc Lifestyle Grades
Year to date, the fund has returned 3.4%, 1.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 9.1% over the past year (grade of D), 8.9% over the past three years (grade of C) and 3.7% per year over the past five years (grade of D) and 5.5% per year over the past 10 years (grade of D).
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VGCLX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| VGCLX Return (NAV) | -0.9% | 1.1% | 9.1% | 8.9% | 3.7% | 5.5% |
| VGCLX Grade | D | D | D | C | D | D |
| +/- Category | -0.5% | -0.1% | -1.3% | -0.4% | -0.9% | -0.4% |
| Moderately Conservative Allocation Avg | -0.3% | 1.2% | 10.4% | 9.4% | 4.6% | 6.0% |
| VGCLX Tax Cost Ratio | na | na | 0.8% | 0.8% | 1.3% | 1.3% |
VGCLX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| VGCLX Return (NAV) | 3.4% | 11.8% | 7.5% | 11.2% | -14.2% | 7.7% | 10.9% | 16.5% | -6.1% | 10.2% | 6.6% |
| VGCLX Grade | F | C | D | B | D | D | B | B | F | C | C |
| +/- Category | -1.4% | 0.3% | -0.8% | 1.3% | -2.4% | -2.3% | 2.8% | 0.9% | -1.7% | 0.4% | -1.8% |
| Moderately Conservative Allocation Avg | 4.8% | 11.5% | 8.3% | 10.0% | -11.8% | 10.0% | 8.1% | 15.6% | -4.3% | 9.8% | 8.5% |
| Risk Measures | |
| Standard Deviation: | 7.7% |
| Total Risk Index: | 0.63 - Below Average |
| Category Risk Index: | 1.05 - Above Average |
| Category Risk Grade: | D (74% Rank) |
| Beta: | 0.80 |
| R-Squared: | 96% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 3.2% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $274 Mil |
| Fund Total Assets: | $ 275 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 20% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 3.8 years | |||
| Average Tenure: 3.8 years | |||
| Managers (Year): Moriarty Morgan (2022), Herbert Gerhardt (Gary) (2022), Saini Navdeep (2022) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 11 |
| % in Top 10 Holdings: | 98.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 16.3% |
Portfolio Allocation |
|
| Domestic Stock: | 27.1% |
| Foreign Stock: | 10.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 53.8% |
| Foreign Bond: | 5.8% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.7% |
Purchase Information
| Fund Family: | VALIC |
| Phone Number: | 800-448-2542 |
| Website: | www.valic.com |
| Status: | Open |
| Inception Date: | September 21, 1998 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.59% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 1.01% |
| Share Class: | VALIC Company I Cnsrv Allc Lifestyle |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
