VALIC Company II High Yield Bond Fund

Class No Load (VCHYX)

Fund Holdings

Asset Allocation

% Long % Net
Cash 4.99 4.99
Stocks 0.02 0.02
Bonds 72.68 72.68
Other 1.67 1.67
Foreign Bonds 18.41 18.41
Foreign Stocks 0.15 0.15
Convertible 0.82 0.82
Preferred 1.26 1.26

Updated 04.30.2014

Top 10 Holdings

Performance as of 06.30.2014

Portfolio as of 04.30.2014

% Net Assets
First Data 144A 8.25% 1.63
Activision Blizzard 144A 5.625% 1.19
Sprint 144A 7.25% 1.18
Sprint 144A 7.875% 1.11
Chs / Cmnty Health Sys 144A 6.875% 1.07
Ineos Grp Hldgs 144A 6.125% 1.07
Banco Bilbao Vizcaya Arg Jr Subordina Regs 12/49 Var 1.04
Ply Gem Inds 144A 6.5% 0.96
Gannett Co 144A 5.125% 0.93
Hartford Finl Svcs Grp FRN 0.91

Bond Ratings (%)

Updated 04.30.2014

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