| Account Value |
The total sum of your Fixed Account Option and/or Variable Account Option that has not yet been
applied to your annuity payments. |
| Advisory Program |
The investment advice service provided by your Investment Adviser. Guided Portfolio AdvantageSM is
the financial advice service offered by our affiliate, VALIC Financial Advisors, Inc., a
registered investment adviser and Company subsidiary (VFA). A separate investment
advisory fee and agreement are required for this service. |
| Contract |
The individual fixed and variable deferred annuity contract summarized in this summary prospectus
and described in more detail in the prospectus. |
| Fixed Account Option |
An account that is guaranteed to earn at least a minimum rate of interest while invested in VALIC’s
general account. |
| Fixed Account Plus |
A type of Fixed Account Option under the Contract. |
| Fund or Mutual Fund |
The investment portfolio(s) of a registered open-end management investment company, which serves
as the underlying investment vehicle for each Division represented in VALIC Separate Account
A. |
| Investment Adviser |
The investment adviser that you have engaged to provide services as part of the Advisory Program. We
only support Advisory Programs that are offered through our affiliate VALIC Financial Advisors
(“VFA”), Inc., a registered investment adviser and our subsidiary.
There are advisory fees associated with an investment adviser’s services.
Those fees are separate from the Contract’s fees and charges. |
| |
VALIC is not an investment adviser to any Advisory Program and does not provide any advice under an
Advisory Program. |
| Market Close |
The close of regular trading on the NYSE, generally 4:00 p.m., Eastern time, on each day the NYSE is
open for business. |
| Platform Charge |
A fee we charge in order to make certain underlying Funds available as an investment option under the
Contract. |
| Purchase Payment |
An amount of money you pay to VALIC to receive the benefits of a Contract. |
| Short-Term Fixed Account |
A type of Fixed Account Option under the Contract. |
| VALIC (we, us, our) |
The Variable Annuity Life Insurance Company. |
| Variable Account Option
(or Division) |
Any variable investment option under the Contract. Each Variable Account Option invests in the shares
of a single Fund. |
| |
FEES AND EXPENSES |
Location in
Prospectus | ||
| Charges for Early
Withdrawals |
There are no surrender or withdrawal charges under the
Contract. |
Fee Tables | ||
| Transaction Charges |
•While you are enrolled in an Advisory Program, you will pay an Advisory
Program Fee to your Investment Adviser, and your Investment Adviser may
direct VALIC to deduct such fee from your Account
Value. •There may also be taxes on Purchase Payments. |
Fee Tables
Fees and Charges | ||
| Ongoing Fees and
Expenses (annual
charges) |
The table below describes the current fees and expenses of the Contract
that you may pay each year, depending on the options you choose. Please
refer to your Contract specifications page for information
about the specific fees you will pay each year based on the
options you have elected. The fees and expenses do not
reflect any advisory fees paid to an Investment Adviser from
the Contract or other Contract owner assets. If such charges were
reflected, the fees and expenses would be
higher. |
Fees and Charges | ||
| Annual Fee |
Minimum |
Maximum | ||
| Base Contract1 |
0.60%
|
0.60%
| ||
| Investment Options2
(Fund fees and expenses) |
0.20% |
1.08% | ||
| 1 As a percentage of average daily net asset value allocated to a Variable
Account Option.
2 As a percentage of Fund net assets, plus any applicable amounts deemed to
be Platform Charges. Currently, there are no amounts deemed to be Platform
Charges. | ||||
| Because your Contract is customizable, the choices you make affect how
much you will pay. To help you understand the cost of owning
your Contract, the following table shows the lowest and
highest cost you could pay each year, based on current charges. This estimate assumes
that you do not take withdrawals from the
Contract. | ||||
| Lowest Annual Cost: $817 |
Highest Annual Cost: $1,708 | |||
| Assumes:
•Investment of $100,000 •5% annual appreciation
•Least expensive combination of base Contract fees and Fund fees and expenses •No optional benefits
•No surrender charges or advisory fees •No additional Purchase Payments,
transfers, or withdrawals |
Assumes:
•Investment of $100,000 •5% annual appreciation
•Most expensive combination of base Contract fees and Fund fees and expenses •No surrender charges or advisory
fees
•No additional Purchase Payments, transfers, or withdrawals | |||
| |
RISKS |
Location in
Prospectus | ||
| Risk of Loss |
You can lose money by investing in this Contract, including your principal
investment. |
Principal Risks of
Investing in the
Contract | ||
| Not a Short-Term
Investment |
•This Contract is not designed for short-term investing and is not
appropriate for an investor who needs ready access to cash.
•The benefits of tax deferral and long-term income mean the Contract is
generally more beneficial to investors with a long investment time
horizon. | |||
| Risks Associated with
Investment Options |
•An investment in this Contract is subject to the risk of poor investment
performance and can vary depending on the performance of the
investment options available under the Contract. •Each investment option (including each Fixed Account Option) has its own
unique risks. •You should review the investment options before making an investment
decision. | |||
| Insurance Company
Risks |
An investment in the Contract is subject to the risks related to us,
VALIC. Any obligations (including under any Fixed Account
Option), guarantees, and benefits of the Contract are
subject to our claims-paying ability. If we experience
financial distress, we may not be able to meet our obligations to you. More information about us, including our financial strength ratings, is
available upon request by calling 1-800-448-2542 or visiting
www.corebridgefinancial.com/rs. | |||
| |
RESTRICTIONS |
| ||
| Investments |
•While the Advisory Program is in place, you are personally prohibited from
making transfers among investment options in the Contract. During such
period, transfer instructions may only be provided by the
Investment Adviser. If you terminate the Advisory Program,
you may make transfers among the investment options subject
to certain restrictions. •Transfers between the investment options, as well as certain
purchases and redemptions, are subject to policies designed
to deter market timing and frequent transfers.
•Transfers to and from the Fixed Account Options are subject to special
restrictions. •We reserve the right to remove or substitute Funds as investment options. |
Fixed and Variable
Account Options
Transfers Between
Investment Options | ||
| |
TAXES |
| ||
| Tax Implications |
•You should consult with a tax professional to determine the tax implications of an investment in and payments received under the Contract. •If you purchase the Contract as an individual retirement account, there is
no additional tax benefit under the Contract. •Withdrawals, including withdrawals to pay your Investment Adviser’s fees,
may be subject to ordinary income tax. You may have to pay a tax penalty
if you take a withdrawal before age 59½.
|
Federal Tax Matters | ||
| |
CONFLICTS OF INTEREST |
Location in
Prospectus | ||
| Investment
Professional
Compensation |
In order to purchase the Contract, you must engage an Investment Adviser
to provide investment advice in the Contract. Your
Investment Adviser will charge an Advisory Program Fee. We
do not set your investment advisory fee. While VALIC may
deduct the Advisory Program Fee from your Account Value
based on instructions from your Investment Adviser, we do not retain any portion of these fees. If VALIC Financial Advisors, Inc. (“VFA”) is the
Investment Adviser of your Advisory Program, VALIC, as the parent company
of VFA will indirectly benefit from VFA’s receipt of
Advisory Program Fees. In addition, Investment Advisers and
their managers are eligible for benefits from us or our
affiliates, such as non-cash compensation items. We do not
pay sales commissions in connection with sales of the Contracts. However, we pay a one-time transaction fee to certain affiliated financial
professionals in our call center who sell you this Contract as a rollover.
Such financial professionals do not provide investment
advisory services, act as the Investment Adviser or receive
any portion of the Advisory Program Fee under this
Contract. One or more of these conflicts of interest may
influence your financial professional to recommend this
Contract over another investment. |
General Information –
Distribution of the
Contracts | ||
| Exchanges |
Some financial professionals may have a financial incentive to offer you a
new contract in place of the one you already own. You should
exchange a contract you already own only if you determine,
after comparing the features, fees, and risks of both
contracts, that it is better for you to purchase the new
contract rather than continue to own your existing contract.
| |||
| Type |
Fund – Share Class
Adviser/Sub-Adviser1 |
Current
Expenses |
Platform
Charge4 |
Current
Expenses
+
Platform
Charge |
Average Annual
Total Returns
(as of Dec. 31, 2023) | ||
| 1 Year |
5 Year |
10 Year
(or life of fund) | |||||
| Domestic
Large-Cap
Equity |
Systematic Growth Fund2, 3
Adviser: VALIC Sub-Advisers: Goldman Sachs Asset
Management, L.P. and Wellington Management
Company LLP |
0.68% |
None |
0.68% |
44.81% |
12.46% |
11.81% |
| Capital Appreciation Fund2 Adviser: VALIC
Sub-Adviser: Columbia Management Investment Advisers, LLC |
0.80% |
None |
0.80% |
41.16% |
16.74% |
12.26% | |
| Dividend Value Fund2, 3
Adviser: VALIC Sub-Advisers: BlackRock Investment
Management, LLC and ClearBridge
Investments, LLC |
0.68% |
None |
0.68% |
12.56% |
9.97% |
8.15% | |
| Growth Fund2, 3
Adviser: VALIC Sub-Advisers: BlackRock and SunAmerica
Asset Management, LLC (an affiliate of
VALIC due to common ownership)
|
0.65% |
None |
0.65% |
46.94% |
16.27% |
12.40% | |
| Large Capital Growth Fund2 Adviser: VALIC
Sub-Adviser: Massachusetts Financial Services Company |
0.75% |
None |
0.75% |
23.93% |
16.70% |
12.73% | |
| Nasdaq-100® Index Fund2, 3
Adviser: VALIC Sub-Adviser: SunAmerica
|
0.44% |
None |
0.44% |
54.49% |
22.00% |
17.26% | |
| Stock Index Fund2, 3
Adviser: VALIC Sub-Adviser: SunAmerica
|
0.25% |
None |
0.25% |
25.80% |
15.32% |
11.67% | |
| Systematic Core Fund2, 3
Adviser: VALIC Sub-Adviser: Goldman Sachs
|
0.64% |
None |
0.64% |
24.03% |
15.42% |
11.47% | |
| Systematic Value Fund2, 3
Adviser: VALIC Sub-Adviser: Wellington
Management |
0.49% |
None |
0.49% |
11.19% |
10.31% |
7.52% | |
| U.S. Socially Responsible Fund2 Adviser: VALIC
Sub-Adviser: SunAmerica |
0.36% |
None |
0.36% |
21.70% |
14.36% |
11.20% | |
| Type |
Fund – Share Class
Adviser/Sub-Adviser1 |
Current
Expenses |
Platform
Charge4 |
Current
Expenses
+
Platform
Charge |
Average Annual
Total Returns
(as of Dec. 31, 2023) | ||
| 1 Year |
5 Year |
10 Year
(or life of fund) | |||||
| Domestic Mid-
Cap Equity |
Mid Cap Strategic Growth Fund2 Adviser: VALIC
Sub-Advisers: Janus Henderson Investors US LLC and Voya Investment Management Co. LLC |
0.77% |
None |
0.77% |
22.41% |
15.16% |
10.39% |
| Mid Cap Value Fund2 Adviser: VALIC
Sub-Advisers: Boston Partners Global Investors, Inc. (d/b/a Boston Partners) and Wellington Management |
0.82% |
None |
0.82% |
16.98% |
13.01% |
7.97% | |
| Mid Cap Index Fund2 Adviser: VALIC
Sub-Adviser: SunAmerica |
0.36% |
None |
0.36% |
15.94% |
12.21% |
8.92% | |
| Domestic Small-
Cap Equity |
Small Cap Growth Fund2, 3
Adviser: VALIC Sub-Advisers: J.P. Morgan Investment
Management Inc. and T. Rowe Price
Associates, Inc. |
0.91% |
None |
0.91% |
14.28% |
10.05% |
8.78% |
| Small Cap Index Fund2, 3
Adviser: VALIC Sub-Adviser: SunAmerica
|
0.40% |
None |
0.40% |
16.35% |
9.57% |
6.88% | |
| Small Cap Special Values Fund2 Adviser: VALIC
Sub-Adviser: Allspring Global Investments, LLC |
0.89% |
None |
0.89% |
19.14% |
11.68% |
8.30% | |
| Small Cap Value Fund2, 3
Adviser: VALIC Sub-Adviser: JPMIM |
0.81% |
None |
0.81% |
12.79% |
9.98% |
6.23% | |
| Global Equity
(International
and Domestic) |
Global Strategy Fund2, 3
Adviser: VALIC Sub-Advisers: Franklin Advisers, Inc.
and Brandywine Global Investment Management
LLC |
0.71% |
None |
0.71% |
15.60% |
3.53% |
2.38% |
| International Socially Responsible Fund2, 3
Adviser: VALIC Sub-Adviser: SunAmerica
|
0.61% |
None |
0.61% |
18.35% |
8.68% |
6.96% | |
| International
Equity |
Emerging Economies Fund2 Adviser: VALIC
Sub-Adviser: BlackRock |
0.96% |
None |
0.96% |
12.11% |
3.30% |
1.89% |
| International Equities Index Fund2, 3
Adviser: VALIC Sub-Adviser: SunAmerica
|
0.43% |
None |
0.43% |
17.25% |
7.70% |
3.95% | |
| International Growth Fund2, 3
Adviser: VALIC Sub-Advisers: Morgan Stanley Investment
Management Inc. and Morgan Stanley
Investment Management Co.
|
0.88% |
None |
0.88% |
17.66% |
9.54% |
5.62% | |
| International Opportunities Fund2, 3
Adviser: VALIC Sub-Advisers: Invesco Advisers, Inc. and
Wellington Management |
1.00% |
None |
1.00% |
14.28% |
6.22% |
4.75% | |
| International Value Fund2, 3
Adviser: VALIC Sub-Advisers: Goldman Sachs and Columbia
Management Investment Advisers,
LLC |
0.79% |
None |
0.79% |
14.38% |
5.91% |
1.64% | |
| Type |
Fund – Share Class
Adviser/Sub-Adviser1 |
Current
Expenses |
Platform
Charge4 |
Current
Expenses
+
Platform
Charge |
Average Annual
Total Returns
(as of Dec. 31, 2023) | ||
| 1 Year |
5 Year |
10 Year
(or life of fund) | |||||
| Specialty |
Global Real Estate Fund2 Adviser: VALIC
Sub-Advisers: Duff & Phelps Investment Management Co. and MFS |
0.88% |
None |
0.88% |
10.01% |
3.15% |
3.66% |
| Science & Technology Fund2, 3
Adviser: VALIC Sub-Advisers: BlackRock, Voya,
Wellington Management |
0.93% |
None |
0.93% |
55.79% |
18.42% |
15.69% | |
| Hybrid
(Equity and
Fixed Income) |
Aggressive Growth Lifestyle Fund2, 3
Adviser: VALIC Sub-Adviser: JPMIM |
0.62% |
None |
0.62% |
17.04% |
9.69% |
6.61% |
| Asset Allocation Fund2, 3
Adviser: VALIC Sub-Adviser: JPMIM |
0.69% |
None |
0.69% |
18.34% |
8.27% |
5.61% | |
| Conservative Growth Lifestyle Fund2, 3
Adviser: VALIC Sub-Adviser: JPMIM |
0.64% |
None |
0.64% |
11.24% |
5.86% |
4.15% | |
| Moderate Growth Lifestyle Fund2, 3
Adviser: VALIC Sub-Adviser: JPMIM |
0.60% |
None |
0.60% |
14.09% |
8.46% |
5.91% | |
| Fixed Income |
Core Bond Fund2 Adviser: VALIC
Sub-Advisers: PineBridge Investments LLC and JPMIM |
0.50% |
None |
0.50% |
6.51% |
1.70% |
1.96% |
| Goldman Sachs VIT Government Money Market Fund3 –
Institutional Shares
Adviser: Goldman Sachs |
0.18% |
None |
0.18% |
5.05% |
1.82% |
1.19%* | |
| Government Securities Fund2 Adviser: VALIC
Sub-Adviser: JPMIM |
0.67% |
None |
0.67% |
4.21% |
0.53% |
1.27% | |
| High Yield Bond Fund2, 3
Adviser: VALIC Sub-Adviser: Wellington
Management |
0.68% |
None |
0.68% |
13.14% |
5.28% |
4.22% | |
| Inflation Protected Fund2, 3
Adviser: VALIC Sub-Adviser: Wellington
Management |
0.55% |
None |
0.55% |
4.09% |
3.05% |
2.13% | |
| International Government Bond Fund2 Adviser: VALIC
Sub-Adviser: PineBridge |
0.76% |
None |
0.76% |
5.98% |
0.04% |
0.65% | |