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Trending ETFs

Name

As of 05/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$15.00

$454 M

0.94%

$0.14

1.03%

Vitals

YTD Return

1.9%

1 yr return

14.2%

3 Yr Avg Return

-3.9%

5 Yr Avg Return

2.7%

Net Assets

$454 M

Holdings in Top 10

14.0%

52 WEEK LOW AND HIGH

$14.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.03%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 48.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$15.00

$454 M

0.94%

$0.14

1.03%

VIOPX - Profile

Distributions

  • YTD Total Return 1.9%
  • 3 Yr Annualized Total Return -3.9%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.23%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    International Opportunities Fund
  • Fund Family Name
    VALIC Company
  • Inception Date
    Sep 01, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Stephan Maikkula

Fund Description

Under normal market conditions, at least 80% of the Fund’s net assets will be invested in equity and equity-related securities of small- to mid-cap companies throughout the world, excluding the United States. The Fund will invest primarily in small- to mid-cap companies whose capitalization, at the time of purchase, range from the market capitalization of the smallest company included in the MSCI ACWI ex USA Small and Mid-Cap Index (net) (the “Index”) to the market capitalization of the largest company in the Index during the most recent 12-month period. As of July 31, 2023, the market capitalizations of companies included in the Index ranged from $10.36 million to $26.32 billion. For purposes of the Fund’s 80% test above, the Fund may buy stocks and other equity securities of companies that are organized under the laws of a foreign country or that have a substantial portion of their operations or assets in a foreign country or countries, or that derive a substantial portion of their revenue or profits from businesses investments or sales outside of the United States, or whose “country of risk” is a foreign country as determined by a third party service provider. The Fund may hold foreign currencies and non-dollar denominated foreign securities. The Fund also invests in depositary receipts, which are instruments issued by a bank that represent an interest in a foreign issuer’s securities.The Fund is not limited in the amount it invests in any one country or region. The subadvisers will try to select a wide range of industries and companies and may invest in developing or emerging market countries. Equity securities in which the Fund may invest include common stocks, preferred stocks, convertible securities and, as noted above, depositary receipts. Although the Fund invests primarily in equity securities, it may invest in fixed-income securities from time-to-time up to 20% of the Fund’s net assets.The Fund does not employ a currency overlay strategy, but rather considers currency implications as a component in security selection.Each of the Fund’s subadvisers manages a portion of the Fund’s assets using different investment approach.One subadviser employs a bottom-up approach, selecting securities that it believes to represent above-average potential for capital appreciation, based on fundamental research and analysis. The subadviser seeks to develop a portfolio that is broadly diversified across issuers, countries, industries and styles (e.g., growth and value). Because the subadviser’s process is driven primarily by individual stock selection, the overall portfolio’s yield, price to earnings ratio, price-to-book ratio, growth rate and other characteristics will vary over time and, at any given time, may emphasize either growth stocks or value stocks.The other subadviser also evaluates investment opportunities using a bottom-up investment approach. This approach includes fundamental analysis of a company’s financial statements, management record and structure, operations, product development and industry competitive position. In addition, the subadviser may also look for companies with conservatively-capitalized balance sheets,high and consistent internalrates of return, and a favorable market position within healthy and growing industries. These factors may vary in particular cases and may change over time.The subadviser considers the effect of worldwide trends on the growth of particular business sectors and looks for companies that may benefit from those trends.The subadviser monitors individual issuers for changes in the factors above, which may trigger a decision to sell a security.In order to generate additional income, the Fund may lend portfolio securities to broker-dealers and other financial institutions provided that the value of the loaned securities does not exceed 30% of the Fund’s total assets. These loans earn income for the Fund and are collateralized by cash and securities issued or guaranteed by the U.S. Government or its agencies or instrumentalities.The Fund is also subject to the following non-principal investment risks: Cybersecurity Risk, Active Trading Risk, Credit Risk, Interest Rate Risk, Investment Company Risk, Illiquidity Risk, Preferred Stock Risk and Participatory Notes Risk.
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VIOPX - Performance

Return Ranking - Trailing

Period VIOPX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -5.7% 15.3% 63.03%
1 Yr 14.2% -4.2% 32.0% 25.21%
3 Yr -3.9%* -26.2% -0.3% 27.27%
5 Yr 2.7%* -6.6% 9.3% 84.26%
10 Yr 3.5%* 1.0% 7.5% 67.11%

* Annualized

Return Ranking - Calendar

Period VIOPX Return Category Return Low Category Return High Rank in Category (%)
2023 0.1% -16.8% 28.8% 99.16%
2022 -36.3% -46.4% -21.4% 85.22%
2021 -1.4% -30.6% 16.4% 66.06%
2020 14.2% 0.3% 62.2% 67.89%
2019 19.8% 9.7% 44.0% 68.87%

Total Return Ranking - Trailing

Period VIOPX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -5.7% 15.3% 63.03%
1 Yr 14.2% -4.2% 32.0% 25.21%
3 Yr -3.9%* -26.2% -0.3% 27.27%
5 Yr 2.7%* -6.6% 9.3% 84.26%
10 Yr 3.5%* 1.0% 7.5% 67.11%

* Annualized

Total Return Ranking - Calendar

Period VIOPX Return Category Return Low Category Return High Rank in Category (%)
2023 14.3% -16.5% 30.7% 31.09%
2022 -24.4% -46.4% -18.5% 17.39%
2021 6.6% -30.6% 24.7% 56.88%
2020 14.2% 1.6% 68.3% 80.73%
2019 19.8% 9.7% 44.0% 97.17%

NAV & Total Return History


VIOPX - Holdings

Concentration Analysis

VIOPX Category Low Category High VIOPX % Rank
Net Assets 454 M 25.2 K 6.45 B 45.38%
Number of Holdings 358 38 1329 2.52%
Net Assets in Top 10 63.4 M 780 K 1.07 B 58.82%
Weighting of Top 10 13.97% 9.4% 53.0% 98.32%

Top 10 Holdings

  1. State Street Navigator Securities Lending Government Money Market Portfolio 4.26%
  2. Carl Zeiss Meditec AG 1.30%
  3. IMI PLC 1.25%
  4. Croda International PLC 1.18%
  5. Obic Co Ltd 1.05%
  6. Rotork PLC 1.03%
  7. DiaSorin SpA 1.03%
  8. Tecan Group AG 1.01%
  9. Nice Ltd 0.96%
  10. Beazley PLC 0.90%

Asset Allocation

Weighting Return Low Return High VIOPX % Rank
Stocks
99.14% 91.39% 101.71% 16.81%
Cash
4.26% 0.00% 6.56% 26.05%
Preferred Stocks
0.40% 0.00% 8.16% 31.09%
Other
0.22% -0.01% 5.07% 10.92%
Convertible Bonds
0.00% 0.00% 0.00% 16.81%
Bonds
0.00% 0.00% 2.66% 20.17%

Stock Sector Breakdown

Weighting Return Low Return High VIOPX % Rank
Industrials
20.19% 0.00% 40.13% 67.23%
Technology
13.15% 6.70% 37.76% 67.23%
Consumer Cyclical
11.89% 1.31% 28.28% 41.18%
Basic Materials
10.80% 0.00% 18.70% 15.97%
Financial Services
10.13% 1.92% 22.28% 37.82%
Real Estate
7.78% 0.00% 13.00% 8.40%
Healthcare
7.29% 1.74% 29.97% 85.71%
Consumer Defense
6.89% 1.61% 17.90% 39.50%
Communication Services
5.12% 1.49% 23.23% 54.62%
Energy
4.85% 0.00% 9.29% 15.13%
Utilities
1.92% 0.00% 5.12% 29.41%

Stock Geographic Breakdown

Weighting Return Low Return High VIOPX % Rank
Non US
93.19% 62.81% 100.03% 32.77%
US
5.95% 0.00% 32.46% 42.02%

VIOPX - Expenses

Operational Fees

VIOPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.03% 0.01% 41.09% 89.08%
Management Fee 0.82% 0.00% 1.75% 18.49%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.06% 0.05% 0.26% 21.88%

Sales Fees

VIOPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

VIOPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

VIOPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 48.00% 8.00% 236.00% 65.63%

VIOPX - Distributions

Dividend Yield Analysis

VIOPX Category Low Category High VIOPX % Rank
Dividend Yield 0.94% 0.00% 5.44% 50.42%

Dividend Distribution Analysis

VIOPX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

VIOPX Category Low Category High VIOPX % Rank
Net Income Ratio 0.23% -1.81% 1.51% 38.60%

Capital Gain Distribution Analysis

VIOPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Distributions History

View More +

VIOPX - Fund Manager Analysis

Managers

Stephan Maikkula


Start Date

Tenure

Tenure Rank

Jul 02, 2013

8.92

8.9%

Vice President, Senior Portfolio Manager Stephan Maikkula joined Delaware Investments in March 2016 as a member of the Global Ex-U.S. Equity team. He is the lead portfolio manager for the firm’s International Small Cap Strategy. Previously, he worked at UBS Asset Management from July 2007 to February 2016 in various investment roles, leaving the firm as a portfolio manager on the Global ex-U.S. Growth Equities team. Prior to UBS, Maikkula worked at Nicholas-Applegate Capital Management as a generalist on the firm’s International Growth team, where he covered Europe. Previously, he was an analyst and portfolio manager with the Employees Retirement System of Texas. Prior to that, Maikkula was a portfolio manager for the MBA Investment Fund and an investment analyst intern at the Teacher Retirement System of Texas. He also worked for Cargill for six years in various commodity merchandising roles, providing fundamental and technical analysis of commodity markets. Maikkula earned a bachelor’s degree at St. John’s University and an MBA at the University of Texas at Austin. He is a member of the CFA Institute and the Market Technicians Association.

Joseph Devine


Start Date

Tenure

Tenure Rank

Nov 30, 2016

5.5

5.5%

Joseph Devine, Senior Vice President, Chief Investment Officer - Global Ex-US Equity, joined Macquarie Investment Management (MIM) in March 2016 as head of the Global Ex-US Equity team. Previously, he worked at UBS Asset Management from July 2007 to February 2016, first as senior portfolio manager and then as head of the Global ex-US Growth Equities team. Prior to UBS, Devine worked at Nicholas-Applegate Capital Management from July 2005 to July 2007 as lead portfolio manager for the Emerging Markets and Pacific Rim portfolios of the International Growth team. Prior to that, he was an Asian equity analyst at Duncan-Hurst Capital Management. Devine was also responsible for the firm's Global Emerging Markets portfolio. He previously held trading positions at Peregrine Investment Holdings in the Philippines and Singapore, and at Credit Suisse First Boston in Hong Kong and Singapore. Devine earned a bachelor's degree at the University of Southern California and an MBA at the Marshall School of Business at the University of Southern California.

José Luis García


Start Date

Tenure

Tenure Rank

Oct 31, 2020

1.58

1.6%

Jose Luis Garcia is an investment officer, equity portfolio manager and the director of equity - Latin America at MFS Investment Management® (MFS®). He manages or comanages several international equity portfolios for MFS, including Latin American and emerging markets portfolios, as well as oversees the analyst-led research international portfolios. He also contributes to the MFS global research platform as an equity research analyst focused on Latin American stocks. He is based in Mexico City. Jose Luis joined MFS in 2002. Previously,he was chief executive officer of Telefonica B2B in Mexico.

Gabriel Wallach


Start Date

Tenure

Tenure Rank

Oct 31, 2020

1.58

1.6%

Gabriel Wallach Vice President, Portfolio Manager Gabriel Wallach joined Delaware Investments in August 2016 as a portfolio manager for the Global Ex-U.S. Equity team. Previously, Wallach was a portfolio manager at North Grove Capital, a company he founded in August 2014 focused on emerging markets equities. From April 2004 to May 2014, he was CIO, global emerging markets equities at BNP Paribas Investment Partners managing several strategies, including global emerging markets equities, frontier markets equities, and regional funds investing in Latin America, Asia, and Europe, the Middle East, and Africa (EMEA), respectively. Before that, Wallach worked at Baring Asset Management from 1997 to 2003, first as head of Latin American equities and leaving the firm as a senior portfolio manager with the U.S. Equity team. Previously, he was a senior analyst at Fiduciary Trust Company, where he primarily focused on Latin America. Wallach earned his bachelor’s degree in economics from Hampshire College.

Robert Lau


Start Date

Tenure

Tenure Rank

Oct 31, 2020

1.58

1.6%

Robert W. Lau, CFA, is an investment officer and portfolio manager for MFS Investment Management® (MFS®). He is a member of the emerging market equity and international small-cap portfolio management teams. He is based in MFS' Singapore office. Robert joined the company in 2001 as a research analyst and was named portfolio manager in 2008. Previously, he was a portfolio manager for Goldman Sachs Asset Management from 1998 to 2001 and an equity analyst at JP Morgan Investment Management from 1996 to 1998. He earned a Bachelor of Science degree from Massachusetts Institute of Technology and ho

Sandeep Mehta


Start Date

Tenure

Tenure Rank

Oct 31, 2020

1.58

1.6%

Sandeep Mehta - Investment Officer - Equity Portfolio Manager - As an Equity Portfolio Manager responsible for final buy and sell decisions, portfolio construction, risk and cash management. Participates in the research process and strategy discussions. - Joined MFS in 2008; previous positions include Research Analyst. - Previous experience includes 1 year as Equity Analyst at Henderson Global Investors; 2 years as Software Engineer at Etouch Systems; 3 years as Software Engineer at VeriSign Corp; 2 years as Associate Consultant at CITIL. - London Business School, Master of Business Administration - Institute of Technology BHU (India), Bachelor of Science

Peter Fruzzetti


Start Date

Tenure

Tenure Rank

Oct 31, 2020

1.58

1.6%

Peter Fruzzetti is an investment officer of MFS Investment Management® (MFS®) and a portfolio manager of the firm's international small-cap portfolios. Peter joined MFS in 2000 as an equity research analyst. He was named portfolio manager in 2004. Prior to joining MFS he was an equity analyst with Fidelity Investments from 1993 to 1999. He is a graduate of Boston College.

Lionel Gomez


Start Date

Tenure

Tenure Rank

Mar 31, 2021

1.17

1.2%

Lionel Gomez, CFA - Investment Officer - Equity Portfolio Manager - As an Equity Portfolio Manager, responsible for final buy and sell decisions, portfolio construction and risk and cash management. Participates in the research process and strategy discussions. - Joined MFS in 2013; previous positions include Equity Research Analyst. - Previous experience includes 3 years as Portfolio Manager at Nomura Asset Management; 4 years as Deputy Fund Manager at Deutsche Asset Management Asia. - University of Michigan, Business Engineering

Nicholas Spratt


Start Date

Tenure

Tenure Rank

Sep 01, 2021

0.75

0.8%

She is employed in the investment area of MFS since September 2017; Portfolio Manager responsible for Asian Equity Strategies at PAG prior to September 2017

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 28.52 5.76 0.17