# EDGAR Filing Document

**Accession Number:** 0000719423
**File Stem:** 0001752724-25-180237
**Filing Date:** 2025-7
**Character Count:** 58286
**Document Hash:** 8a0ce72e826855ad6e194d3192237350
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-180237.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001752724-25-180237

**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:** 251154066

**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

### Inflation Protected Fund (Series ID: S000008017)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000021786 | Inflation Protected Fund | VCTPX           |

## 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:** Inflation Protected Fund

- **b. EDGAR series identifier (if any):** S000008017

- **c. LEI of Series:** 549300CUFR3ZO1RZIT41

**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:** $408523955.09

**Total Liabilities:** $41697025.56

**Net Assets:** $366826929.53

**Cash Not Reported:** $273240.46

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -44.80000000 | **1-Year:** -1196.95000000 | **5-Year:** -3723.33000000 | **10-Year:** -11921.17000000 | **30-Year:** -5063.41000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -4.12000000 | **1-Year:** -139.02000000 | **5-Year:** -248.61000000 | **10-Year:** -446.70000000 | **30-Year:** -1.44000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000021786 | 0.43%                | -0.46%               | -0.46%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-256324.07              | $1938171.56                                |
| Month 2  | $-3710487.30             | $6539096.75                                |
| Month 3  | $-645373.06              | $-1731134.05                               |

**Designated Index Information**

- **Index Name:** Bloomberg US TIPS Index

- **Index Identifier:** LBUTTRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Barclays Bank PLC                          | PURCHASED AUD / SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | AU        |         1 | NC      | $33457.88     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| FRANCE (GOVT OF)                           | French Republic Government Bond OAT                                                                                                | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |  16555686 | PA      | $17988876.61  | 4.90%             | 2031-07-25      | Fixed         | 0.10%                 | No            | 2                  | On Loan: No      |
| QUEENSLAND TREASURY CORP                   | Queensland Treasury Corp                                                                                                           | CUSIP: 000000000<br>LEI: 98INKCEEHOU5YJS0HQ88 | Long             | DBT              | NUSS              | AU        |   2000000 | PA      | $1300892.77   | 0.35%             | 2036-07-21      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| Eurex Deutschland                          | EURO-BUND FUTURE JUN25                                                                                                             | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |       -66 | NC      | $-126502.31   | -0.03%            |  |  |  | No            | 1                  | On Loan: No      |
| BRAVO Residential Funding Trust            | BRAVO Residential Funding Trust 2021-NQM1                                                                                          | CUSIP: 10569TAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    166534 | PA      | $154932.47    | 0.04%             | 2049-02-25      | Variable      | 0.94%                 | No            | 2                  | On Loan: No      |
| ONTARIO (PROVINCE OF)                      | Province of Ontario Canada                                                                                                         | CUSIP: 683234XU7<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |   7626350 | PA      | $5403546.97   | 1.47%             | 2036-12-01      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Petroleos Mexicanos                        | Petroleos Mexicanos                                                                                                                | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1500000 | PA      | $1401704.55   | 0.38%             | 2030-01-23      | Fixed         | 6.84%                 | No            | 2                  | On Loan: No      |
| ESC LEHMAN BRTH HLDH PROD                  | ESC LEHMAN BRTH HLDH PROD                                                                                                          | CUSIP: 525ESC5W5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $971.00       | 0.00%             | 2049-12-31      | None          | 0.00%                 | No            | 3                  | On Loan: No      |
| United States Treasury                     | U.S. Treasury Inflation-Indexed Bonds                                                                                              | CUSIP: 912810SM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9235215 | PA      | $5261287.21   | 1.43%             | 2050-02-15      | Fixed         | 0.25%                 | No            | 2                  | On Loan: No      |
| United States Treasury                     | U.S. Treasury Inflation-Indexed Notes                                                                                              | CUSIP: 91282CCM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25949925 | PA      | $23695813.57  | 6.46%             | 2031-07-15      | Fixed         | 0.13%                 | No            | 2                  | On Loan: No      |
| Credit Agricole CIB                        | PURCHASED NZD / SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: 1VUV7VQFKUOQSJ21A208 | N/A              | DFE              |  | NZ        |         1 | NC      | $2376.69      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| MEXICAN UDIBONOS                           | Mexican Udibonos                                                                                                                   | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        | 275693981 | PA      | $12444180.40  | 3.39%             | 2031-11-27      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs International                | PURCHASED AUD / SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | AU        |         1 | NC      | $61647.55     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| United States Treasury                     | U.S. Treasury Inflation-Indexed Notes                                                                                              | CUSIP: 91282CJY8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30012366 | PA      | $29492248.29  | 8.04%             | 2034-01-15      | Fixed         | 1.75%                 | No            | 2                  | On Loan: No      |
| MEXICAN UDIBONOS                           | Mexican Udibonos                                                                                                                   | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |  68699490 | PA      | $3012172.98   | 0.82%             | 2054-10-29      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Starwood Mortgage Residential Trust        | Starwood Mortgage Residential Trust 2021-2                                                                                         | CUSIP: 85573HAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    126148 | PA      | $117670.43    | 0.03%             | 2065-05-25      | Variable      | 0.94%                 | No            | 2                  | On Loan: No      |
| Credit Suisse Mortgage Trust               | CSMC 2021-NQM4                                                                                                                     | CUSIP: 12659PAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    765852 | PA      | $660153.02    | 0.18%             | 2066-05-25      | Variable      | 1.10%                 | No            | 2                  | On Loan: No      |
| Australia & New Zealand Banking Group Ltd. | PURCHASED USD / SOLD NZD                                                                                                           | CUSIP: 000000000<br>LEI: JHE42UYNWWTJB8YTTU19 | N/A              | DFE              |  | US        |         1 | NC      | $-4246.15     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| NMLT Trust                                 | NMLT 2021-INV1 Trust                                                                                                               | CUSIP: 62923JAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    922644 | PA      | $797316.66    | 0.22%             | 2056-05-25      | Variable      | 1.19%                 | No            | 2                  | On Loan: No      |
| Deutsche Bank AG                           | PURCHASED USD / SOLD EUR                                                                                                           | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |         1 | NC      | $-1857237.91  | -0.51%            |  |  |  | No            | 2                  | On Loan: No      |
| BANCA TRANSILVANIA                         | Banca Transilvania SA                                                                                                              | CUSIP: 000000000<br>LEI: 549300RG3H390KEL8896 | Long             | DBT              | CORP              | RO        |    400000 | PA      | $472101.99    | 0.13%             | 2027-04-27      | Fixed         | 8.88%                 | No            | 2                  | On Loan: No      |
| Drive Auto Receivables Trust               | Drive Auto Receivables Trust 2021-2                                                                                                | CUSIP: 262104AF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    646296 | PA      | $640794.52    | 0.17%             | 2029-03-15      | Fixed         | 1.39%                 | No            | 2                  | On Loan: No      |
| BUONI POLIENNALI DEL TES                   | Italy Buoni Poliennali Del Tesoro                                                                                                  | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |  15202152 | PA      | $17163190.22  | 4.68%             | 2026-05-21      | Fixed         | 0.55%                 | No            | 2                  | On Loan: No      |
| Australia & New Zealand Banking Group Ltd. | PURCHASED USD / SOLD AUD                                                                                                           | CUSIP: 000000000<br>LEI: JHE42UYNWWTJB8YTTU19 | N/A              | DFE              |  | US        |         1 | NC      | $-766651.72   | -0.21%            |  |  |  | No            | 2                  | On Loan: No      |
| Freddie Mac                                | Freddie Mac REMICS                                                                                                                 | CUSIP: 31397KC90<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    139745 | PA      | $139226.86    | 0.04%             | 2037-08-15      | Floating      | 5.15%                 | No            | 2                  | On Loan: No      |
| SG Capital Partners                        | SG Residential Mortgage Trust 2021-1                                                                                               | CUSIP: 784212AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    877528 | PA      | $719897.88    | 0.20%             | 2061-07-25      | Variable      | 1.16%                 | No            | 2                  | On Loan: No      |
| Wingstop Funding LLC                       | Wingstop Funding LLC                                                                                                               | CUSIP: 974153AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    310275 | PA      | $292802.08    | 0.08%             | 2050-12-05      | Fixed         | 2.84%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs International                | PURCHASED USD / SOLD AUD                                                                                                           | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-4413.76     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Mexico Government International Bonds      | Mexico Government International Bonds                                                                                              | CUSIP: 91087BAZ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    500000 | PA      | $478425.00    | 0.13%             | 2036-05-07      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                | Freddie Mac REMICS                                                                                                                 | CUSIP: 3137AFGG1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     62553 | PA      | $62434.43     | 0.02%             | 2041-01-15      | Floating      | 4.90%                 | No            | 2                  | On Loan: No      |
| Bank of America NA                         | PURCHASED NZD / SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | NZ        |         1 | NC      | $39665.12     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| NOTA DO TESOURO NACIONAL                   | Brazil Notas do Tesouro Nacional Serie B                                                                                           | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |  11416000 | PA      | $8673802.71   | 2.36%             | 2027-05-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal | CAN 10YR BOND FUT SEP25                                                                                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |       -36 | NC      | $-28119.01    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| NEW ZEALAND GVT ILB                        | New Zealand Government Inflation Linked Bond                                                                                       | CUSIP: 000000000<br>LEI: 549300237GPHG2AI7C34 | Long             | DBT              | NUSS              | NZ        |  17195000 | PA      | $13124173.71  | 3.58%             | 2035-09-20      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Barclays Bank PLC                          | PURCHASED MXN / SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | MX        |         1 | NC      | $63890.75     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| NBM US Holdings Inc                        | NBM US Holdings Inc                                                                                                                | CUSIP: 000000000<br>LEI: 5493008K1QMSP0J8UC24 | Long             | DBT              | CORP              | US        |    483000 | PA      | $483508.12    | 0.13%             | 2026-05-14      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| United States Treasury                     | U.S. Treasury Inflation-Indexed Bonds                                                                                              | CUSIP: 912810TP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000466 | PA      | $779340.35    | 0.21%             | 2053-02-15      | Fixed         | 1.50%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                 | Fannie Mae REMICS                                                                                                                  | CUSIP: 3136A8GP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    173945 | PA      | $170303.37    | 0.05%             | 2042-09-25      | Floating      | 4.84%                 | No            | 2                  | On Loan: No      |
| United States Treasury                     | U.S. Treasury Inflation-Indexed Bonds                                                                                              | CUSIP: 912810RL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  34680109 | PA      | $25046270.87  | 6.83%             | 2045-02-15      | Fixed         | 0.75%                 | No            | 2                  | On Loan: No      |
| WENDYS FUNDING LLC                         | Wendy's Funding LLC                                                                                                                | CUSIP: 95058XAK4<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |   1668988 | PA      | $1521210.12   | 0.41%             | 2051-06-15      | Fixed         | 2.37%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley & Co. International PLC     | PURCHASED USD / SOLD AUD                                                                                                           | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |         1 | NC      | $-27065.17    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| UMBS, TBA                                  | Uniform Mortgage-Backed Security, TBA                                                                                              | CUSIP: 01F060667<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  26800000 | PA      | $27061607.13  | 7.38%             | 2054-06-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association   | Government National Mortgage Association                                                                                           | CUSIP: 38376WKC8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     83690 | PA      | $83426.57     | 0.02%             | 2040-02-16      | Floating      | 4.99%                 | No            | 2                  | On Loan: No      |
| BNP Paribas SA                             | PURCHASED USD / SOLD EUR                                                                                                           | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |         1 | NC      | $2422.96      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Goldman Sachs International                | PURCHASED USD / SOLD BRL                                                                                                           | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $1669.50      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Australia & New Zealand Banking Group Ltd. | PURCHASED NZD / SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: JHE42UYNWWTJB8YTTU19 | N/A              | DFE              |  | NZ        |         1 | NC      | $18326.83     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Ajax Mortgage Loan Trust                   | Ajax Mortgage Loan Trust 2021-C                                                                                                    | CUSIP: 009733AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    209028 | PA      | $208939.22    | 0.06%             | 2061-01-25      | Variable      | 5.12%                 | No            | 2                  | On Loan: No      |
| NatWest Markets PLC                        | PURCHASED USD / SOLD NZD                                                                                                           | CUSIP: 000000000<br>LEI: RR3QWICWWIPCS8A4S074 | N/A              | DFE              |  | US        |         1 | NC      | $-1080528.27  | -0.29%            |  |  |  | No            | 2                  | On Loan: No      |
| Wells Fargo Bank NA                        | PURCHASED USD / SOLD MXN                                                                                                           | CUSIP: 000000000<br>LEI: KB1H1DSPRFMYMCUFXT09 | N/A              | DFE              |  | US        |         1 | NC      | $-914548.75   | -0.25%            |  |  |  | No            | 2                  | On Loan: No      |
| Credit Suisse Mortgage Trust               | CSMC 2021-RPL2Trust                                                                                                                | CUSIP: 12656TAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    376575 | PA      | $245612.65    | 0.07%             | 2060-01-25      | Variable      | 3.60%                 | No            | 2                  | On Loan: No      |
| NEW ZEALAND GVT ILB                        | New Zealand Government Inflation Linked Bond                                                                                       | CUSIP: 000000000<br>LEI: 549300237GPHG2AI7C34 | Long             | DBT              | NUSS              | NZ        |  12205000 | PA      | $8668167.42   | 2.36%             | 2040-09-20      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Eurex Deutschland                          | EURO-BUXL 30Y BND JUN25                                                                                                            | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        -7 | NC      | $-28165.92    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| OTP BANK NYRT                              | OTP Bank Nyrt                                                                                                                      | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | DBT              | CORP              | HU        |    660000 | PA      | $675437.40    | 0.18%             | 2027-05-25      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| United States Treasury                     | U.S. Treasury Inflation-Indexed Bonds                                                                                              | CUSIP: 912810RA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9562231 | PA      | $7010354.77   | 1.91%             | 2043-02-15      | Fixed         | 0.63%                 | No            | 2                  | On Loan: No      |
| United States Treasury                     | U.S. Treasury Inflation-Indexed Bonds                                                                                              | CUSIP: 912810RR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12024218 | PA      | $9008778.09   | 2.46%             | 2046-02-15      | Fixed         | 1.00%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs International                | PURCHASED USD / SOLD BRL                                                                                                           | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-11207.75    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Wells Fargo Bank NA                        | PURCHASED USD / SOLD MXN                                                                                                           | CUSIP: 000000000<br>LEI: KB1H1DSPRFMYMCUFXT09 | N/A              | DFE              |  | US        |         1 | NC      | $-16406.60    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| United States Treasury                     | U.S. Treasury Inflation-Indexed Notes                                                                                              | CUSIP: 912828Z37<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14809034 | PA      | $13898368.78  | 3.79%             | 2030-01-15      | Fixed         | 0.13%                 | No            | 2                  | On Loan: No      |
| AUSTRALIAN GOVERNMENT                      | Australia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |  16540000 | PA      | $14327487.80  | 3.91%             | 2035-08-21      | Fixed         | 2.00%                 | No            | 2                  | On Loan: No      |
| Legacy Mortgage Asset Trust                | Legacy Mortgage Asset Trust 2021-GS3                                                                                               | CUSIP: 52474XAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    443738 | PA      | $441954.30    | 0.12%             | 2061-07-25      | Variable      | 5.75%                 | No            | 2                  | On Loan: No      |
| United States Treasury                     | U.S. Treasury Inflation-Indexed Bonds                                                                                              | CUSIP: 912810QV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8866103 | PA      | $6793653.77   | 1.85%             | 2042-02-15      | Fixed         | 0.75%                 | No            | 2                  | On Loan: No      |
| SWAP CCPC JP MORGAN COC                    | SWAP CCPC JP MORGAN COC                                                                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    550000 | NS      | $550000.00    | 0.15%             |  |  |  | No            | N/A                | On Loan: No      |
| Eurex Deutschland                          | EURO-BTP FUTURE JUN25                                                                                                              | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |      -156 | NC      | $-204711.01   | -0.06%            |  |  |  | No            | 1                  | On Loan: No      |
| Standard Chartered Bank                    | PURCHASED EUR / SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | XX        |         1 | NC      | $-5051.38     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| GCAT                                       | GCAT 2021-NQM3 Trust                                                                                                               | CUSIP: 36167HAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    563829 | PA      | $483846.98    | 0.13%             | 2066-05-25      | Variable      | 1.09%                 | No            | 2                  | On Loan: No      |
| MFRA Trust                                 | MFA 2021-NQM1 Trust                                                                                                                | CUSIP: 55283FAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    199191 | PA      | $187939.19    | 0.05%             | 2065-04-25      | Variable      | 1.15%                 | No            | 2                  | On Loan: No      |
| Towd Point Mortgage Trust                  | Towd Point Mortgage Trust 2021-R1                                                                                                  | CUSIP: 89179TAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1620318 | PA      | $1391470.46   | 0.38%             | 2060-11-30      | Variable      | 2.92%                 | No            | 2                  | On Loan: No      |
| SHR Trust                                  | SHR Trust 2024-LXRY                                                                                                                | CUSIP: 784234AC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1255000 | PA      | $1254215.00   | 0.34%             | 2041-10-15      | Floating      | 6.78%                 | No            | 2                  | On Loan: No      |
| New Residential Mortgage Loan Trust        | New Residential Mortgage Loan Trust 2021-NQM2R                                                                                     | CUSIP: 64831EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    139648 | PA      | $132639.73    | 0.04%             | 2058-10-25      | Variable      | 0.94%                 | No            | 2                  | On Loan: No      |
| United States Treasury                     | U.S. Treasury Inflation-Indexed Notes                                                                                              | CUSIP: 91282CLE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4147737 | PA      | $4114966.52   | 1.12%             | 2034-07-15      | Fixed         | 1.88%                 | No            | 2                  | On Loan: No      |
| AUSTRALIAN GOVERNMENT                      | Australia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |  12470000 | PA      | $10083630.97  | 2.75%             | 2027-11-21      | Fixed         | 0.75%                 | No            | 2                  | On Loan: No      |
| SPAIN I/L BOND                             | Spain Government Inflation Linked Bond                                                                                             | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |   9134679 | PA      | $10002357.15  | 2.73%             | 2033-11-30      | Fixed         | 0.70%                 | No            | 2                  | On Loan: No      |
| City of New York NY                        | NEW YORK NY                                                                                                                        | CUSIP: 64966HTX8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1619918.86   | 0.44%             | 2036-12-01      | Fixed         | 5.99%                 | No            | 2                  | On Loan: No      |
| Barclays Bank PLC                          | PURCHASED USD / SOLD AUD                                                                                                           | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |         1 | NC      | $-398.18      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| LCH Ltd.                                   | Long: B9D10Q645 IRS USD R V 12MUSCPI 99D10Q652 CCPINFLATIONZERO / Short: B9D10Q645 IRS USD P F  2.54515 99D10Q645 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  13805000 | OU      | $47285.44     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| State Street Bank & Trust Co.              | PURCHASED MXN / SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | MX        |         1 | NC      | $21318.03     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| NOTA DO TESOURO NACIONAL                   | Brazil Notas do Tesouro Nacional Serie B                                                                                           | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |  10467000 | PA      | $7581333.09   | 2.07%             | 2035-05-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Barclays Bank PLC                          | PURCHASED AUD / SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | AU        |         1 | NC      | $3049.90      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Eurex Deutschland                          | EURO-OAT FUTURE JUN25                                                                                                              | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |      -152 | NC      | $-191025.37   | -0.05%            |  |  |  | No            | 1                  | On Loan: No      |
| United States Treasury                     | U.S. Treasury Inflation-Indexed Bonds                                                                                              | CUSIP: 912810RW0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5596900 | PA      | $4003571.36   | 1.09%             | 2047-02-15      | Fixed         | 0.88%                 | No            | 2                  | On Loan: No      |
| MBANK SA                                   | mBank SA                                                                                                                           | CUSIP: 000000000<br>LEI: 259400DZXF7UJKK2AY35 | Long             | DBT              | CORP              | PL        |    400000 | PA      | $440596.43    | 0.12%             | 2027-09-21      | Fixed         | 0.97%                 | No            | 2                  | On Loan: No      |
| WELLS FARGO & COMPANY                      | Wells Fargo & Co                                                                                                                   | CUSIP: 95000U3H4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1095000 | PA      | $1174432.34   | 0.32%             | 2034-10-23      | Fixed         | 6.49%                 | No            | 2                  | On Loan: No      |
| Goldman Sachs International                | PURCHASED USD / SOLD BRL                                                                                                           | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-579031.46   | -0.16%            |  |  |  | No            | 2                  | On Loan: No      |
| TENN VALLEY AUTHORITY                      | Tennessee Valley Authority                                                                                                         | CUSIP: 880591FC1<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   4000000 | PA      | $3791687.04   | 1.03%             | 2055-02-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| ROMANIA                                    | Romanian Government International Bond                                                                                             | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   1850000 | PA      | $1546182.83   | 0.42%             | 2049-04-03      | Fixed         | 4.63%                 | No            | 2                  | On Loan: No      |
| United States Treasury                     | U.S. Treasury Inflation-Indexed Notes                                                                                              | CUSIP: 91282CML2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8866112 | PA      | $8928082.90   | 2.43%             | 2035-01-15      | Fixed         | 2.13%                 | No            | 2                  | On Loan: No      |
| AUSTRALIAN GOVERNMENT                      | Australia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |   6510000 | PA      | $4633520.35   | 1.26%             | 2040-08-21      | Fixed         | 1.25%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley & Co. International PLC     | PURCHASED CAD / SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | CA        |         1 | NC      | $4806.28      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| HA SUSTAINABLE INF CAP                     | HA Sustainable Infrastructure Capital Inc                                                                                          | CUSIP: 41068XAF7<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $975344.17    | 0.27%             | 2034-07-01      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| HIH Trust                                  | HIH Trust 2024-61P                                                                                                                 | CUSIP: 40444VAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    167493 | PA      | $167388.47    | 0.05%             | 2041-10-15      | Floating      | 6.67%                 | No            | 2                  | On Loan: No      |
| Petroleos Mexicanos                        | Petroleos Mexicanos                                                                                                                | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    880000 | PA      | $762753.55    | 0.21%             | 2031-01-28      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| LCH Ltd.                                   | Long: B9D1016Y4 IRS USD R V 12MSOFR 99D1016Z1 CCPOIS / Short: B9D1016Y4 IRS USD P F  3.75000 99D1016Y4 CCPOIS                      | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2445000 | OU      | $117366.85    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| United States Treasury                     | U.S. Treasury Inflation-Indexed Bonds                                                                                              | CUSIP: 912810RF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6503659 | PA      | $5399834.36   | 1.47%             | 2044-02-15      | Fixed         | 1.38%                 | No            | 2                  | On Loan: No      |
| United States Treasury                     | U.S. Treasury Inflation-Indexed Notes                                                                                              | CUSIP: 91282CHP9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18541745 | PA      | $17839001.84  | 4.86%             | 2033-07-15      | Fixed         | 1.38%                 | No            | 2                  | On Loan: No      |
| United States Treasury                     | U.S. Treasury Inflation-Indexed Notes                                                                                              | CUSIP: 9128285W6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14880552 | PA      | $14600279.38  | 3.98%             | 2029-01-15      | Fixed         | 0.88%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                     | US 10YR NOTE (CBT)SEP25                                                                                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -47 | NC      | $-21363.61    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan Chase Bank NA                     | PURCHASED USD / SOLD CAD                                                                                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-24399.32    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| United States Treasury                     | U.S. Treasury Inflation-Indexed Notes                                                                                              | CUSIP: 91282CNB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3480731 | PA      | $3490822.12   | 0.95%             | 2030-04-15      | Fixed         | 1.63%                 | No            | 2                  | On Loan: No      |
| ASX Clear (Futures)                        | AUST 10Y BOND FUT JUN25                                                                                                            | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DIR              |  | AU        |       205 | NC      | $259828.10    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Bank of America NA                         | Long: 99D0RY4F8 IRS USD R V 12MUSCPI 99D0RY4G6 INFLATIONZERO / Short: 99D0RY4F8 IRS USD P F  3.42950 99D0RY4F8 INFLATIONZERO       | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DIR              |  | US        |  24590000 | OU      | $150205.80    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| DANSKE BANK A/S                            | Danske Bank A/S                                                                                                                    | CUSIP: 000000000<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   1610000 | PA      | $1720232.90   | 0.47%             | 2029-06-09      | Fixed         | 0.75%                 | No            | 2                  | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC   | Avis Budget Rental Car Funding AESOP LLC                                                                                           | CUSIP: 05377RGU2<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1280000 | PA      | $1294541.06   | 0.35%             | 2028-02-22      | Fixed         | 5.44%                 | No            | 2                  | On Loan: No      |
| Illinois State Toll Highway Authority      | ILLINOIS ST TOLL HIGHWAY AUTH                                                                                                      | CUSIP: 452252FK0<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1559683.70   | 0.43%             | 2034-12-01      | Fixed         | 5.85%                 | No            | 2                  | On Loan: No      |
| United States Treasury                     | U.S. Treasury Inflation-Indexed Notes                                                                                              | CUSIP: 91282CEZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7038273 | PA      | $6510001.25   | 1.77%             | 2032-07-15      | Fixed         | 0.63%                 | No            | 2                  | On Loan: No      |
| BANCA COMERCIALA ROMANA                    | Banca Comerciala Romana SA                                                                                                         | CUSIP: 000000000<br>LEI: 549300ORLU6LN5YD8X90 | Long             | DBT              | CORP              | RO        |    200000 | PA      | $235973.78    | 0.06%             | 2027-05-19      | Fixed         | 7.63%                 | No            | 2                  | On Loan: No      |
| PACIFIC GAS & ELECTRIC                     | Pacific Gas and Electric Co                                                                                                        | CUSIP: 694308KJ5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    985000 | PA      | $1001651.92   | 0.27%             | 2033-01-15      | Fixed         | 6.15%                 | No            | 2                  | On Loan: No      |
| Fixed Income Clearing Corp                 | FIXED INC CLEARING CORP.REPO                                                                                                       | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  13480721 | PA      | $13480720.61  | 3.67%             |  |  |  | No            | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                         | Energy Transfer LP                                                                                                                 | CUSIP: 29278NAD5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1159000 | PA      | $1134796.06   | 0.31%             | 2038-06-15      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                | Freddie Mac REMICS                                                                                                                 | CUSIP: 3137ALEC9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    119716 | PA      | $117645.54    | 0.03%             | 2042-02-15      | Floating      | 4.95%                 | No            | 2                  | On Loan: No      |
| Ellington Financial Mortgage Trust         | Ellington Financial Mortgage Trust 2021-2                                                                                          | CUSIP: 31572LAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    224059 | PA      | $184955.53    | 0.05%             | 2066-06-25      | Variable      | 0.93%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                     | US 5YR NOTE (CBT) SEP25                                                                                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       175 | NC      | $93738.68     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Citibank NA                                | PURCHASED BRL / SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | BR        |         1 | NC      | $-2913.53     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| United States Treasury                     | U.S. Treasury Inflation-Indexed Notes                                                                                              | CUSIP: 912828ZZ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4945227 | PA      | $4616369.68   | 1.26%             | 2030-07-15      | Fixed         | 0.13%                 | No            | 2                  | On Loan: No      |
| Credit Suisse Mortgage Trust               | CSMC 2021-RPL4 Trust                                                                                                               | CUSIP: 12662GAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    341029 | PA      | $339465.12    | 0.09%             | 2060-12-27      | Variable      | 4.12%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                     | US 10YR ULTRA FUT SEP25                                                                                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -63 | NC      | $-20792.59    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| JPMorgan Chase Bank NA                     | PURCHASED USD / SOLD NZD                                                                                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-3174.70     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| HSBC Bank PLC                              | PURCHASED USD / SOLD MXN                                                                                                           | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |         1 | NC      | $-1929.84     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| Legacy Mortgage Asset Trust                | Legacy Mortgage Asset Trust 2021-GS2                                                                                               | CUSIP: 52476DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    323012 | PA      | $322921.26    | 0.09%             | 2061-04-25      | Variable      | 5.75%                 | No            | 2                  | On Loan: No      |
| Citibank NA                                | PURCHASED USD / SOLD CAD                                                                                                           | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $-228514.86   | -0.06%            |  |  |  | No            | 2                  | On Loan: No      |
| Wells Fargo Bank NA                        | PURCHASED USD / SOLD MXN                                                                                                           | CUSIP: 000000000<br>LEI: KB1H1DSPRFMYMCUFXT09 | N/A              | DFE              |  | US        |         1 | NC      | $-12331.29    | -0.00%            |  |  |  | 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