VCSMX — Small Cap Fund
Data updated: 2021-04-29
VCSMX — Small Cap Fund. United States Small Cap Blend / Core Equity · $364.43M AUM · 0.93% expense ratio. Holdings, fees, performance and SEC filings.
VCSMX Fund Overview
VCSMX — Small Cap Fund is a US mutual fund managed by VALIC Co I, categorised as United States Small Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: VALIC Co I
- Category: United States Small Cap Blend / Core Equity
- Assets under management: $364.43M
- 1-year return: 47.3%
- Ticker: VCSMX
- SEC CIK: 0000719423
- SEC series ID: S000008006
- Share class ID: C000021775
VCSMX Investment Objective and Strategy
Small Cap Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by VALIC Co I.
Investment objective
The Fund seeks to provide long-term capital growth by investing primarily in the stocks of small companies.
Principal investment strategy
The Fund normally invests at least 80% of net assets in stocks of small companies. A company is considered a small company if its total market value (capitalization), at the time of purchase, falls (i) within or below the range of companies in either the current Russell 2000 Index or the S&P SmallCap 600 Index or (ii) below the three-year average maximum market cap of companies in either index as of December 31 of the three preceding years. The Fund will not automatically sell or cease to purchase stock of a company it already owns just because the companys market capitalization grows or falls outside this range. The Russell 2000 and S&P SmallCap 600 Indexes are widely used benchmarks for small-cap stock performance. The market capitalization range and the composition of the Russell 2000 and S&P SmallCap 600 Indexes are subject to change.
If the companies in which the Fund invests are successful, these companies may grow into mid- and large-cap companies. The Fund may purchase stocks that have a market capitalization above the range if the companies appear to have better prospects for capital appreciation. Stock selection may reflect a growth or a value investment approach or a combination of both. 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 Funds total assets. These loans earn income for the Fund and are collateralized by cash, securities issued or guaranteed by the U.S. Government or its agencies or instrumentalities, and such other securities as the Fund and the securities lending agent may agree upon.
Investors will be given at least 60 days written notice in advance of any change to the Funds 80% investment policy set forth above.
VCSMX Performance
Total returns for VCSMX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 47.3% |
VCSMX Risk Information
Risk metrics for VCSMX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 31.4%
VCSMX Costs and Fees
VCSMX costs about $93 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.93%
- Gross expense ratio: 1.03%
- Portfolio turnover: 25%
- Brokerage commissions: 6.08 bps of average net assets (SEC N-CEN)
VCSMX Cashflows
Over the 12 months to 2021-02, Small Cap Fund had net outflows of $5.11M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-02 | −$5.24M |
| 2021-01 | −$3.77M |
| 2020-12 | −$4.20M |
| 2020-11 | −$2.85M |
| 2020-10 | −$3.86M |
| 2020-09 | −$2.54M |
VCSMX Debt Constituents
No individual debt constituents are reported in Small Cap Fund's latest SEC N-PORT filing.
VCSMX Prospectus and SEC Filings
Official Small Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-09-28
- Prospectus (485BPOS) — filed 2019-10-18
- Prospectus (485BPOS) — filed 2018-10-19
- Portfolio holdings (N-PORT) — filed 2021-04-29
- Portfolio holdings (N-PORT) — filed 2021-01-27
- Portfolio holdings (N-PORT) — filed 2020-10-27
- Annual census (N-CEN) — filed 2020-08-14
- Annual census (N-CEN) — filed 2019-08-14
Related Funds
Other United States Small Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.