The mutual fund mainly invests in small- to mid-cap companies globally, excluding the United States, with a focus on equity and equity-related securities. It may hold foreign currencies, non-dollar denominated foreign securities, and depositary receipts.

Nasdaq

VIOPX

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.

VLCGX

The mutual fund focuses on allocating assets among a combination of underlying funds that invest in a wide range of securities, including stocks for capital growth and bonds for current income.

VLSMX

The fund is managed to seek to track the performance of the index, which measures the performance of the mid-capitalization sector of the U.S. equity market. Under normal circumstances, at least 80% of its net assets are invested in stocks that are in the index.

VMIDX

Under normal circumstances, at least 80% of the fund's net assets will be invested in common stocks of mid-cap companies. Generally, mid-cap companies will include companies whose market capitalizations, at the time of purchase, range from the market capitalization of the smallest company included in the Russell Midcap Growth Index to the market capitalization of the largest company in the Russell Midcap Growth Index during the most recent 12-month period.

VMSGX

The fund aims to invest primarily in equity securities of U.S. companies based on social criteria, with at least 80% of its assets allocated to such investments. The selection process involves utilizing research services from MSCI ESG Research to evaluate companies against the fund's social criteria.

VSRDX

The investment seeks to produce growth of capital by investing primarily in common stocks. Under normal market conditions, the fund invests at least 80% of its net assets in common stocks of domestic small-cap companies. Generally, small-cap companies will include companies whose market capitalizations, at the time of purchase, are equal to or less than the market capitalization of the largest company in the Russell 2000 Index during the most recent 12-month period.

VSSVX

The fund invests, under normal circumstances, at least 80% of net assets in stocks that are in the index. 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.

VSTIX

The mutual fund primarily focuses on investing in equity securities of small-cap companies, with at least 80% of its assets allocated to such companies based on market capitalization criteria.

VVSCX

The fund invests at least 80% of net assets in small-cap equity securities of companies with above-average growth potential based on revenues, earnings, and cash flows compared to peers. Market capitalization of a small-cap company is equal to or less than the largest company in the Russell 2000® Index.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield	Risk / Return Rank
VIOPX	VALIC Company I International Opportunities Fund	Foreign Small & Mid Cap Equities	Aug 31, 2006	0.95%	-1.38%	—	4.43%	63
VLCGX	VALIC Company I Large Capital Growth Fund	Large Cap Growth Equities	Dec 20, 2004	0.74%	-6.16%	9.97%	11.13%	16
VLSMX	VALIC Company I Moderate Growth Lifestyle Fund	Diversified Portfolio	Aug 31, 2006	0.12%	-1.89%	—	6.53%	58
VMIDX	VALIC Company I Mid Cap Index Fund	Mid Cap Blend Equities	Oct 1, 1991	0.34%	2.28%	7.94%	13.92%	30
VMSGX	VALIC Company I Mid Cap Strategic Growth Fund	Mid Cap Growth Equities	Dec 20, 2004	0.75%	-3.62%	12.46%	8.26%	23
VSRDX	VALIC Company I U.S. Socially Responsible Fund	Large Cap Blend Equities	Aug 31, 2006	0.35%	-2.54%	—	19.98%	34
VSSVX	VALIC Company I Small Cap Special Values Fund	Small Cap Value Equities	Dec 5, 2005	0.87%	-0.22%	5.92%	10.07%	7
VSTIX	VALIC Company I Stock Index Fund	Large Cap Blend Equities	Apr 20, 1987	0.29%	-3.77%	13.15%	13.30%	47
VVSCX	VALIC Company I Small Cap Value Fund	Small Cap Value Equities	Aug 31, 2006	0.76%	3.39%	—	18.86%	55
VVSGX	VALIC Company I Small Cap Growth Fund	Small Cap Growth Equities	Aug 31, 2006	0.88%	-3.14%	—	2.57%	21

VALIC Mutual Funds List

Risk vs. Return Scatterplot