# EDGAR Filing Document

**Accession Number:** 0000719423
**File Stem:** 0001752724-25-180247
**Filing Date:** 2025-7
**Character Count:** 25784
**Document Hash:** d858044c1fb818acbed5d07d42521cd0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-180247.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001752724-25-180247

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**PERIOD START**: 20250531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VALIC Co I
- **CENTRAL INDEX KEY:** 0000719423

**ORGANIZATION NAME:**
- **EIN:** 720029692
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03738
- **FILM NUMBER:** 251154075

**BUSINESS ADDRESS:**
- **STREET 1:** 30 HUDSON STREET
- **STREET 2:** 16TH FLOOR
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07302
- **BUSINESS PHONE:** 551-235-3560

**MAIL ADDRESS:**
- **STREET 1:** 30 HUDSON STREET
- **STREET 2:** 16TH FLOOR
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07302

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIG Retirement CO I
- **DATE OF NAME CHANGE:** 20080501

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VALIC CO I
- **DATE OF NAME CHANGE:** 20020110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NORTH AMERICAN FUNDS VARIABLE PRODUCT SERIES CO I
- **DATE OF NAME CHANGE:** 20000929

## Series and Classes Contracts Data

### Capital Appreciation Fund (Series ID: S000069816)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000222577 | Capital Appreciation Fund | VAPPX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** VALIC Co I

- **b. Investment Company Act file number:** 811-03738

- **c. CIK number of Registrant:** 0000719423

- **d. LEI of Registrant:** 549300N3XZ1M1QABFI47

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 2919 ALLEN PARKWAY

  - **City:** HOUSTON

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 77019

  - **Telephone number:** 800-448-2542

**Item A.2. Information about the Series.**

- **a. Name of Series:** Capital Appreciation Fund

- **b. EDGAR series identifier (if any):** S000069816

- **c. LEI of Series:** 54930021CYU4BO106H08

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-05-31

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $326568851.39

**Total Liabilities:** $282327.84

**Net Assets:** $326286523.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000222577 | -8.86%               | 2.10%                | 7.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-327143.75              | $-19958923.89                              |
| Month 2  | $1152967.95              | $5819748.75                                |
| Month 3  | $0.00                    | $21399541.97                               |

### Schedule of Portfolio Investments

| Name                            | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Pure Storage Inc                | Pure Storage Inc                                             | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     23858 | NS      | $1278550.22   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc                | EPAM Systems Inc                                             | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |     15730 | NS      | $2744727.70   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                  | Salesforce Inc                                               | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     21454 | NS      | $5693247.98   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                   | Dynatrace Inc                                                | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     14773 | NS      | $797889.73    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| DoubleVerify Holdings Inc       | DoubleVerify Holdings Inc                                    | CUSIP: 25862V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200246 | NS      | $2751380.04   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                     | Vistra Corp                                                  | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     18326 | NS      | $2942605.82   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc      | Vertex Pharmaceuticals Inc                                   | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     12837 | NS      | $5674595.85   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc          | UnitedHealth Group Inc                                       | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     12012 | NS      | $3626542.92   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc | Philip Morris International Inc                              | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     12861 | NS      | $2322567.99   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc               | Expedia Group Inc                                            | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26077 | NS      | $4348339.75   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd               | Everest Group Ltd                                            | CUSIP: 000000000<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |      5289 | NS      | $1836287.91   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc           | Uber Technologies Inc                                        | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     64721 | NS      | $5446919.36   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc               | EOG Resources Inc                                            | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     10479 | NS      | $1137705.03   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                     | HubSpot Inc                                                  | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      3764 | NS      | $2220383.60   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc             | Cheniere Energy Inc                                          | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      4182 | NS      | $991092.18    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc             | PayPal Holdings Inc                                          | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     42634 | NS      | $2996317.52   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc           | Dell Technologies Inc                                        | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |     10743 | NS      | $1195373.61   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                    | Alphabet Inc                                                 | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     17530 | NS      | $3010602.20   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc             | Elevance Health Inc                                          | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      2309 | NS      | $886286.56    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc     | Raymond James Financial Inc                                  | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     10804 | NS      | $1587971.92   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                       | Block Inc                                                    | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     37347 | NS      | $2306177.25   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                     | Cummins Inc                                                  | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |     10766 | NS      | $3461053.68   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                     | Workday Inc                                                  | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     14320 | NS      | $3547207.20   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                  | Microsoft Corp                                               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     56950 | NS      | $26217502.00  | 8.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc               | Veeva Systems Inc                                            | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      3475 | NS      | $971957.50    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                     | NVIDIA Corp                                                  | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    228327 | NS      | $30853827.51  | 9.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe, Inc.                     | Adobe, Inc.                                                  | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     19120 | NS      | $7936520.80   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                    | Alphabet Inc                                                 | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     67098 | NS      | $11597889.30  | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors    | State Street Institutional U.S. Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   7172629 | NS      | $7172629.45   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                 | EMCOR Group Inc                                              | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      5892 | NS      | $2780199.12   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                 | TJX Cos Inc/The                                              | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      6815 | NS      | $864823.50    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                     | Incyte Corp                                                  | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |     17347 | NS      | $1128595.82   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                    | DoorDash Inc                                                 | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     30715 | NS      | $6408684.75   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                  | Mastercard Inc                                               | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     19022 | NS      | $11139283.20  | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                    | Broadcom Inc                                                 | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     66182 | NS      | $16020676.74  | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                       | Tesla Inc                                                    | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     25725 | NS      | $8912683.50   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp          | Paylocity Holding Corp                                       | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |     12691 | NS      | $2422711.90   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc             | Arista Networks Inc                                          | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     76326 | NS      | $6612884.64   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corp       | Cincinnati Financial Corp                                    | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |     21827 | NS      | $3291948.14   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                     | Rollins Inc                                                  | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |    106674 | NS      | $6107086.50   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                  | ServiceNow Inc                                               | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      7772 | NS      | $7858191.48   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                      | Sysco Corp                                                   | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |      9692 | NS      | $707516.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                      | Dexcom Inc                                                   | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     26636 | NS      | $2285368.80   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The         | Charles Schwab Corp/The                                      | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     18298 | NS      | $1616445.32   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                          | F5 Inc                                                       | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      4126 | NS      | $1177477.88   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc              | Meta Platforms Inc                                           | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     23593 | NS      | $15276231.57  | 4.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                    | Autodesk Inc                                                 | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      6235 | NS      | $1846308.20   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc        | Crowdstrike Holdings Inc                                     | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |     10130 | NS      | $4774978.10   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc             | Cardinal Health Inc                                          | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     27672 | NS      | $4273663.68   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                 | Ulta Beauty Inc                                              | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      1900 | NS      | $895774.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                    | QUALCOMM Inc                                                 | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     18895 | NS      | $2743554.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc      | Neurocrine Biosciences Inc                                   | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |      8808 | NS      | $1083560.16   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis Inc                    | Exelixis Inc                                                 | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |     41446 | NS      | $1783835.84   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                   | Pinterest Inc                                                | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40455 | NS      | $1258555.05   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                       | Apple Inc                                                    | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    110455 | NS      | $22184886.75  | 6.80%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                 | T-Mobile US Inc                                              | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      9178 | NS      | $2222911.60   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc            | Booking Holdings Inc                                         | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      1069 | NS      | $5899736.17   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                  | Eli Lilly & Co                                               | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     10273 | NS      | $7578083.91   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co             | JPMorgan Chase & Co                                          | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      3041 | NS      | $802824.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                  | Amazon.com Inc                                               | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     73272 | NS      | $15021492.72  | 4.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc          | Motorola Solutions Inc                                       | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      2148 | NS      | $892236.24    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd                     | Genpact Ltd                                                  | CUSIP: 000000000<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |     78440 | NS      | $3376842.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co             | American Express Co                                          | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     21461 | NS      | $6310607.05   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co              | SEI Investments Co                                           | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |     15157 | NS      | $1292285.82   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-13

**Name of Applicant:** VALIC Co I

**Signature:** Shawn Parry

**Name of Signer:** Shawn Parry

**Title:** Assistant Treasurer