VALIC Company II High Yield Bond Fund

Class No Load (VCHYX)

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 5.86 0.22 5.63
Stocks 0.04 0.0 0.04
Bonds 72.53 0.0 72.53
Other 5.54 0.0 5.54
Foreign Bonds 16.59 2.77 13.83
Foreign Stocks 0.02 0.0 0.02
Convertible 1.25 0.0 1.25
Preferred 1.16 0.0 1.16

Updated 12.31.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 12.31.2013

% Net Assets
S9d026wl2 Cds Usd R F 5.00000 Ccp 99d026wl 3.0
S9d026wl2 Cds Usd P V 03mevent Ccp 99d026wm 2.77
First Data 144A 8.25% 1.71
Sprint 144A 7.25% 1.23
Activision Blizzard 144A 5.625% 1.17
Sprint 144A 7.875% 1.15
Ineos Grp Hldgs 144A 6.125% 1.1
Gannett Co 144A 5.125% 0.98
Hartford Finl Svcs Grp FRN 0.95
Tenet Healthcare 4.75% 0.93

Bond Ratings (%)

Updated 12.31.2013

Sector VCHYX
AAA 4.17
AA 0.0
A 0.0
BBB 1.71
BB 33.32
B 34.89
Below B 19.52
Other 6.39