Fund Evaluator:
VALIC Company I Science & Technology (VCSTX)
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Best Performing in Technology Over the Last Year
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Fund Details
VALIC Company I Science & Technology Overview
VALIC Company I Science & Technology (VCSTX) is an actively managed Sector Equity Technology fund. VALIC launched the fund in 1994.
The investment seeks long-term capital appreciation. The fund normally invests at least 80% of net assets in the common stocks of companies that are expected to benefit from the development, advancement, and use of science and/or technology. It may invest up to 50% of its total assets in foreign securities. The fund may invest up to 30% of its total assets in companies organized or headquartered in emerging market countries, but no more than 20% of its total assets may be invested in any one emerging market country. The fund is non-diversified.
About VALIC Company I Science & Technology (VCSTX)
There are 5 members of the management team with an average tenure of 4.29 years: Tony Kim (2023), Erik Swords (2022), Michael Seidenberg (2018), Reid Menge (2023), Justin Sumner (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P North American Technology TR index with a weighting of 100%. VALIC Company I Science & Technology has 106 securities in its portfolio. The top 10 holdings constitute 52.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
VALIC Company I Science & Technology is part of the Equity global asset class and is within the Sector Equity fund group. VALIC Company I Science & Technology has 17.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 81.5%. There is 17.8% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VALIC Company I Science & Technology has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $3 billion in total assets, which is above the $1 billion average for the Technology 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.
VCSTX 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 Science & Technology expense ratio is high compared to funds in the Technology category. VALIC Company I Science & Technology has an expense ratio of 0.91%, which is 26% 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 Science & Technology has a portfolio turnover rate of 67%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 77% for the Technology category.
Recently, in the month of June 2026, VALIC Company I Science & Technology returned 1.1%, which earned it a grade of C, as the Technology category had an average return of 1.9%. 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 Science & Technology has a trailing yield of 0.00%, which is below the 0.05% 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 Science & Technology Grades
Year to date, the fund has returned 33.9%, 0.3 percentage points better than the category, which translates into a grade of C. The fund has returned 48.0% over the past year (grade of C), 35.0% over the past three years (grade of C) and 15.9% per year over the past five years (grade of C) and 22.6% per year over the past 10 years (grade of C).
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VCSTX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| VCSTX Return (NAV) | 1.1% | 42.5% | 48.0% | 35.0% | 15.9% | 22.6% |
| VCSTX Grade | C | C | C | C | C | C |
| +/- Category | -0.8% | 1.8% | -5.8% | 2.1% | 1.1% | -0.2% |
| Technology Avg | 1.9% | 40.7% | 53.8% | 32.9% | 14.8% | 22.8% |
| VCSTX Tax Cost Ratio | na | na | 1.7% | 0.6% | 2.8% | 3.0% |
VCSTX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| VCSTX Return (NAV) | 33.9% | 22.6% | 32.6% | 55.8% | -39.0% | 12.0% | 56.8% | 39.5% | -1.5% | 41.3% | 7.3% |
| VCSTX Grade | C | C | B | B | D | D | B | C | C | B | D |
| +/- Category | 0.3% | -2.1% | 4.3% | 6.1% | -0.8% | -5.2% | -0.0% | -1.8% | 2.4% | 3.9% | -3.5% |
| Technology Avg | 33.6% | 24.7% | 28.3% | 49.6% | -38.2% | 17.2% | 56.9% | 41.2% | -3.9% | 37.4% | 10.8% |
| Risk Measures | |
| Standard Deviation: | 23.7% |
| Total Risk Index: | 1.95 - High |
| Category Risk Index: | 0.98 - Average |
| Category Risk Grade: | C (55% Rank) |
| Beta: | 1.63 |
| R-Squared: | 76% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $3868 Mil |
| Fund Total Assets: | $3,869 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 67% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 7.8 years | |||
| Average Tenure: 4.3 years | |||
| Managers (Year): Seidenberg Michael (2018), Swords Erik (2022), Sumner Justin (2022), Kim Tony (2023), Menge Reid (2023) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 106 |
| % in Top 10 Holdings: | 52.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 17.8% |
Portfolio Allocation |
|
| Domestic Stock: | 81.5% |
| Foreign Stock: | 17.8% |
| Preferred Stock: | 0.2% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 0.5% |
Purchase Information
| Fund Family: | VALIC |
| Phone Number: | 800-448-2542 |
| Website: | www.valic.com |
| Status: | Open |
| Inception Date: | April 29, 1994 |
| 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 (%): | 0.91% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.23% |
| Share Class: | VALIC Company I Science & Technology |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
