# EDGAR Filing Document

**Accession Number:** 0000719423
**File Stem:** 0001752724-25-180225
**Filing Date:** 2025-7
**Character Count:** 24701
**Document Hash:** f94a7530b04fe7f613078f4011f7f5f6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-180225.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001752724-25-180225

**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:** 251154053

**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

### Dynamic Allocation Fund (Series ID: S000039328)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000121199 | Dynamic Allocation Fund | VDAFX           |

## 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:** Dynamic Allocation Fund

- **b. EDGAR series identifier (if any):** S000039328

- **c. LEI of Series:** 549300Q2EQF8P11MYZ74

**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:** $131911524.70

**Total Liabilities:** $1165696.42

**Net Assets:** $130745828.28

**Cash Not Reported:** $360743.14

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000121199 | -3.30%               | 0.00%                | 2.87%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-427139.43              | $-9619923.85                               |
| Month 2  | $-96892.12               | $293313.53                                 |
| Month 3  | $-77300.80               | $4253154.91                                |

**Designated Index Information**

- **Index Name:** 60% S&P500, 40% Blmbg Agg

- **Index Identifier:** 60% SPX, 40% LBUSTRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| VALIC Company I - Core Bond Fund                     | VALIC Company I - Core Bond Fund                                 | CUSIP: 91915R541<br>LEI: 549300HO1U9S8E3RQL94 | Long             | EC               | RF                | US        |   1711987 | NS      | $16554917.86  | 12.66%            |  |  |  | No            | 1                  | On Loan: No      |
| VALIC Company I - International Opportunities Fund   | VALIC Company I - International Opportunities Fund               | CUSIP: 91915R525<br>LEI: 549300F62LRZH9G3IT75 | Long             | EC               | RF                | US        |     22082 | NS      | $356840.24    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| VALIC Company I - Capital Appreciation Fund          | VALIC Company I - Capital Appreciation Fund                      | CUSIP: 91915R566<br>LEI: N/A                  | Long             | EC               | RF                | US        |    292054 | NS      | $5969592.24   | 4.57%             |  |  |  | No            | 1                  | On Loan: No      |
| VALIC Company I - Small Cap Value Fund               | VALIC Company I - Small Cap Value Fund                           | CUSIP: 91915R483<br>LEI: N/A                  | Long             | EC               | RF                | US        |     19457 | NS      | $212858.33    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| VALIC Company I - High Yield Bond Fund               | VALIC Company I - High Yield Bond Fund                           | CUSIP: 91915R533<br>LEI: 5493003VA7OYSN4UJ156 | Long             | EC               | RF                | US        |    134332 | NS      | $933606.89    | 0.71%             |  |  |  | No            | 1                  | On Loan: No      |
| United States Treasury                               | U.S. Treasury Notes                                              | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1664400 | PA      | $1516229.39   | 1.16%             | 2032-08-15      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| VALIC Co. I International Socially Responsible Fund  | VALIC Co. I International Socially Responsible Fund              | CUSIP: 91915R855<br>LEI: N/A                  | Long             | EC               | RF                | US        |     66410 | NS      | $1799060.47   | 1.38%             |  |  |  | No            | 1                  | On Loan: No      |
| United States Treasury                               | U.S. Treasury Notes                                              | CUSIP: 91282CHC8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1771000 | PA      | $1667161.29   | 1.28%             | 2033-05-15      | Fixed         | 3.38%                 | No            | 2                  | On Loan: No      |
| SWAP CITIBANK BOC                                    | SWAP CITIBANK BOC                                                | CUSIP: 000000000<br>LEI: N/A                  | Short            | STIV             | CORP              | US        |   -470000 | NS      | $-470000.00   | -0.36%            |  |  |  | No            | N/A                | On Loan: No      |
| UBS AG                                               | AO86053 ALLIANCE                                                 | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |      1000 | NC      | $32849.87     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| VALIC Company I - Emerging Economies Fund            | VALIC Company I - Emerging Economies Fund                        | CUSIP: 91915R673<br>LEI: JIEGUN91BLSULQ4UGC80 | Long             | EC               | RF                | US        |     45717 | NS      | $302191.22    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| VALIC Company I - Mid Cap Strategic Growth Fund      | VALIC Company I - Mid Cap Strategic Growth Fund                  | CUSIP: 91915R715<br>LEI: 549300CLTMHVBLX5FF66 | Long             | EC               | RF                | US        |     78335 | NS      | $1655993.13   | 1.27%             |  |  |  | No            | 1                  | On Loan: No      |
| United States Treasury                               | U.S. Treasury Notes                                              | CUSIP: 91282CJJ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1957900 | PA      | $1987115.55   | 1.52%             | 2033-11-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| United States Treasury                               | U.S. Treasury Notes                                              | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1251900 | PA      | $1246374.04   | 0.95%             | 2032-11-15      | Fixed         | 4.13%                 | No            | 2                  | On Loan: No      |
| VALIC Company I - Government Securities Fund         | VALIC Company I - Government Securities Fund                     | CUSIP: 91915R301<br>LEI: 549300P9BWK85XG0HW15 | Long             | EC               | RF                | US        |    543750 | NS      | $5024248.40   | 3.84%             |  |  |  | No            | 1                  | On Loan: No      |
| VALIC Company I - Global Real Estate Fund            | VALIC Company I - Global Real Estate Fund                        | CUSIP: 91915R590<br>LEI: BN28XL4FUV1KBKBGB066 | Long             | EC               | RF                | US        |    207874 | NS      | $1436405.99   | 1.10%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan Chase Bank NA                               | AO86622 ALLIANCE                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DE               |  | US        |       500 | NC      | $24809.14     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Citibank NA                                          | AO89115 ALLIANCE                                                 | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DE               |  | US        |      4500 | NC      | $464947.22    | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| SWAP UBS BOC                                         | SWAP UBS BOC                                                     | CUSIP: 000000000<br>LEI: N/A                  | Short            | STIV             | CORP              | US        |    -60500 | NS      | $-60500.00    | -0.05%            |  |  |  | No            | N/A                | On Loan: No      |
| VALIC Co. I International Equities Index Fund        | VALIC Co. I International Equities Index Fund                    | CUSIP: 91915R608<br>LEI: 549300BT736E526BQ228 | Long             | EC               | RF                | US        |    257360 | NS      | $2323959.39   | 1.78%             |  |  |  | No            | 1                  | On Loan: No      |
| VALIC Company I - Small Cap Growth Fund              | VALIC Company I - Small Cap Growth Fund                          | CUSIP: 91915R467<br>LEI: 549300CBSA7V41FZ3N09 | Long             | EC               | RF                | US        |     57738 | NS      | $907646.30    | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| VALIC Co. I Dividend Value Fund                      | VALIC Co. I Dividend Value Fund                                  | CUSIP: 91915R822<br>LEI: N/A                  | Long             | EC               | RF                | US        |    675197 | NS      | $8311671.19   | 6.36%             |  |  |  | No            | 1                  | On Loan: No      |
| VALIC Company I - International Government Bond Fund | VALIC Company I - International Government Bond Fund             | CUSIP: 91915R707<br>LEI: 5XWMVVJ1FNBPYXOO4263 | Long             | EC               | RF                | US        |     39100 | NS      | $405073.30    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| VALIC Company I - Small Cap Special Values Fund      | VALIC Company I - Small Cap Special Values Fund                  | CUSIP: 91915R632<br>LEI: 549300B3558NT4B3DX53 | Long             | EC               | RF                | US        |     61039 | NS      | $627477.94    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| VALIC I - Systematic Core Fund                       | VALIC I - Systematic Core Fund                                   | CUSIP: 91915R509<br>LEI: 549300WSMNETB2CVIY07 | Long             | EC               | RF                | US        |    242859 | NS      | $7875932.48   | 6.02%             |  |  |  | No            | 1                  | On Loan: No      |
| United States Treasury                               | U.S. Treasury Notes                                              | CUSIP: 91282CHT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3228300 | PA      | $3140278.40   | 2.40%             | 2033-08-15      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| VALIC Company I - International Growth Fund          | VALIC Company I - International Growth Fund                      | CUSIP: 91915R814<br>LEI: 549300R2BVRYEJ68D063 | Long             | EC               | RF                | US        |    172068 | NS      | $2321198.60   | 1.78%             |  |  |  | No            | 1                  | On Loan: No      |
| SWAP GOLDMAN SACHS BOC                               | SWAP GOLDMAN SACHS BOC                                           | CUSIP: 000000000<br>LEI: N/A                  | Short            | STIV             | CORP              | US        |   -418000 | NS      | $-418000.00   | -0.32%            |  |  |  | No            | N/A                | On Loan: No      |
| VALIC Company I - Stock Index Fund                   | VALIC Company I - Stock Index Fund                               | CUSIP: 91915R848<br>LEI: N/A                  | Long             | EC               | RF                | US        |    240560 | NS      | $14043871.49  | 10.74%            |  |  |  | No            | 1                  | On Loan: No      |
| VALIC Company I - Systematic Growth Fund             | VALIC Company I - Systematic Growth Fund                         | CUSIP: 91915R764<br>LEI: 5493005DFHLA4UP20879 | Long             | EC               | RF                | US        |    203513 | NS      | $3689686.57   | 2.82%             |  |  |  | No            | 1                  | On Loan: No      |
| VALIC Company I - Growth Fund                        | VALIC Company I - Growth Fund                                    | CUSIP: 91915R616<br>LEI: WENY0LWACCRTMO4IWQ48 | Long             | EC               | RF                | US        |    294433 | NS      | $4975918.31   | 3.81%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan Chase Bank NA                               | AO75040 ALLIANCE                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DE               |  | US        |       500 | NC      | $20379.25     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| VALIC Co. I International Value Fund                 | VALIC Co. I International Value Fund                             | CUSIP: 91915R681<br>LEI: 549300X6NOKU3L8IJE25 | Long             | EC               | RF                | US        |    308137 | NS      | $3531252.29   | 2.70%             |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Mercantile Exchange                          | S+P500 EMINI FUT JUN25                                           | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        40 | NC      | $20024.16     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| United States Treasury                               | U.S. Treasury Notes                                              | CUSIP: 91282CLF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2479200 | PA      | $2388554.25   | 1.83%             | 2034-08-15      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| VALIC Company I - Inflation Protected Fund           | VALIC Company I - Inflation Protected Fund                       | CUSIP: 91915R731<br>LEI: 549300CUFR3ZO1RZIT41 | Long             | EC               | RF                | US        |    167623 | NS      | $1439884.12   | 1.10%             |  |  |  | No            | 1                  | On Loan: No      |
| United States Treasury                               | U.S. Treasury Notes                                              | CUSIP: 91282CGM7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    927200 | PA      | $882976.91    | 0.68%             | 2033-02-15      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| United States Treasury                               | U.S. Treasury Notes                                              | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    736900 | PA      | $750716.88    | 0.57%             | 2035-02-15      | Fixed         | 4.63%                 | No            | 2                  | On Loan: No      |
| VALIC Company I - Mid Cap Value Fund                 | VALIC Company I - Mid Cap Value Fund                             | CUSIP: 91915R517<br>LEI: N/A                  | Long             | EC               | RF                | US        |     87821 | NS      | $1415678.32   | 1.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Mercantile Exchange                          | S+P500 EMINI FUT JUN25                                           | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |       -10 | NC      | $-390995.00   | -0.30%            |  |  |  | No            | 1                  | On Loan: No      |
| VALIC Company I - Small Cap Index Fund               | VALIC Company I - Small Cap Index Fund                           | CUSIP: 91915R863<br>LEI: 549300I8EQ1WQJZGIB21 | Long             | EC               | RF                | US        |     34212 | NS      | $497777.56    | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| United States Treasury                               | U.S. Treasury Notes                                              | CUSIP: 91282CKQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2576200 | PA      | $2583445.56   | 1.98%             | 2034-05-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs International                          | AO87023 ALLIANCE                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DE               |  | US        |      5000 | NC      | $248091.41    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| Goldman Sachs International                          | AO84615 ALLIANCE                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DE               |  | US        |      1000 | NC      | $32849.87     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Citibank NA                                          | AO89353 ALLIANCE                                                 | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DE               |  | US        |       500 | NC      | $51660.80     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| VALIC Co. I Systematic Value Fund                    | VALIC Co. I Systematic Value Fund                                | CUSIP: 91915R699<br>LEI: 549300ARM031E6VS3K91 | Long             | EC               | RF                | US        |    566868 | NS      | $8383984.11   | 6.41%             |  |  |  | No            | 1                  | On Loan: No      |
| SWAP JP MORGAN BOC                                   | SWAP JP MORGAN BOC                                               | CUSIP: 000000000<br>LEI: N/A                  | Short            | STIV             | CORP              | US        |   -110000 | NS      | $-110000.00   | -0.08%            |  |  |  | No            | N/A                | On Loan: No      |
| United States Treasury                               | U.S. Treasury Notes                                              | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1151400 | PA      | $1140065.91   | 0.87%             | 2034-11-15      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| Alliance Bernstein                                   | AB Fixed Income Shares, Inc. - Government Money Market Portfolio | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |   4707885 | NS      | $4707885.33   | 3.60%             |  |  |  | No            | 1                  | On Loan: No      |
| VALIC Company I - Mid Cap Index Fund                 | VALIC Company I - Mid Cap Index Fund                             | CUSIP: 91915R806<br>LEI: 549300O70V0BUGFDRV16 | Long             | EC               | RF                | US        |     54941 | NS      | $1282882.04   | 0.98%             |  |  |  | No            | 1                  | On Loan: No      |
| United States Treasury                               | U.S. Treasury Notes                                              | CUSIP: 91282CEP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    144400 | PA      | $133163.88    | 0.10%             | 2032-05-15      | Fixed         | 2.88%                 | No            | 2                  | On Loan: No      |
| VALIC Company I - Large Capital Growth Fund          | VALIC Company I - Large Capital Growth Fund                      | CUSIP: 91915R723<br>LEI: 5493002ZTX9ZUU2QK480 | Long             | EC               | RF                | US        |    270562 | NS      | $4472383.91   | 3.42%             |  |  |  | No            | 1                  | On Loan: No      |
| VALIC Company I - US Socially Responsible Fund       | VALIC Company I - US Socially Responsible Fund                   | CUSIP: 91915R475<br>LEI: N/A                  | Long             | EC               | RF                | US        |    297129 | NS      | $5354270.17   | 4.10%             |  |  |  | No            | 1                  | On Loan: No      |
| United States Treasury                               | U.S. Treasury Notes                                              | CUSIP: 91282CJZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2657900 | PA      | $2596955.18   | 1.99%             | 2034-02-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase Bank NA                               | AO75631 ALLIANCE                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DE               |  | US        |       500 | NC      | $20379.25     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |

### Signature

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

**Name of Applicant:** VALIC Co I

**Signature:** Donna McManus

**Name of Signer:** Donna McManus

**Title:** Assistant Treasurer