Page 1 of 58

VALIC Company II - Aggressive Growth Lifestyle Fund - (unaudited)July 31, 2018

Security Coupon(%) Maturity Date Market Value ($)VALIC Co. I Blue Chip Growth Fund 13,474,658VALIC Co. I Capital Conservation Fund 12,175,247VALIC Co. I Dividend Value Fund 24,784,532VALIC Co. I Emerging Economies Fund 17,390,447VALIC Co. I Foreign Value Fund 33,658,306VALIC Co. I Global Real Estate Fund 23,522,136VALIC Co. I Government Securities Fund 2,166,053VALIC Co. I Inflation Protected Fund 30,385,310VALIC Co. I International Equities Index Fund 48,538,474VALIC Co. I International Government Bond Fund 14,996,616VALIC Co. I International Growth Fund 17,026,138VALIC Co. I Large Cap Core Fund 6,247,269VALIC Co. I Mid Cap Index Fund 21,907,559VALIC Co. I Mid Cap Strategic Growth Fund 9,566,841VALIC Co. I Nasdaq-100 Index Fund 12,329,988VALIC Co. I Science & Technology Fund 16,064,593VALIC Co. I Small Cap Index Fund 7,449,327VALIC Co. I Small Cap Special Values Fund 21,381,270VALIC Co. I Stock Index Fund 40,499,515VALIC Co. I Value Fund 8,338,155VALIC Co. II Capital Appreciation Fund 21,009,271VALIC Co. II Core Bond Fund 15,241,880VALIC Co. II High Yield Bond Fund 16,746,347VALIC Co. II International Opportunities Fund 25,850,521VALIC Co. II Large Cap Value Fund 25,458,146VALIC Co. II Mid Cap Growth Fund 9,710,996VALIC Co. II Mid Cap Value Fund 19,539,920VALIC Co. II Small Cap Growth Fund 12,016,547VALIC Co. II Small Cap Value Fund 37,012,710VALIC Co. II Strategic Bond Fund 40,695,660

VALIC Company II - Capital Appreciation Fund - (unaudited)July 31, 2018

Security Coupon(%) Maturity Date Market Value ($)AbbVie, Inc. 2,565,470Adobe Systems, Inc. 2,807,948Alexandria Real Estate Equities, Inc. 1,571,845Alliance Data Systems Corp. 1,430,911Alphabet, Inc., Class A 1,532,798Alphabet, Inc., Class C 3,834,369Amazon.com, Inc. 6,270,808American Express Co. 2,186,156Amgen, Inc. 1,903,390Apple, Inc. 5,344,485Applied Materials, Inc. 794,955Berry Global Group, Inc. 1,471,509Black Knight, Inc. 600,793Boeing Co. 2,797,311Burlington Stores, Inc. 1,048,429Celgene Corp. 1,901,800Cigna Corp. 1,518,431Comcast Corp., Class A 1,953,266CoStar Group, Inc. 526,882Deckers Outdoor Corp. 596,758Douglas Emmett, Inc. 1,000,984Dun & Bradstreet Corp. 407,254Eli Lilly & Co. 2,732,887Equinix, Inc. 706,802Essex Property Trust, Inc. 919,000Estee Lauder Cos., Inc., Class A 1,965,806Evercore, Inc., Class A 1,004,796Expedia Group, Inc. 901,279F5 Networks, Inc. 1,290,320Facebook, Inc., Class A 1,026,506

Page 2 of 58

Fortinet, Inc. 2,061,938Genesee & Wyoming, Inc., Class A 586,004Huntington Ingalls Industries, Inc. 1,063,873Intel Corp. 1,762,528Intuitive Surgical, Inc. 878,661Jazz Pharmaceuticals PLC 555,068KAR Auction Services, Inc. 524,349Lear Corp. 493,016lululemon athletica, Inc. 1,194,582Masco Corp. 1,441,193Mastercard, Inc., Class A 3,461,832Michael Kors Holdings, Ltd. 1,244,781Microsoft Corp. 5,574,610NetApp, Inc. 1,584,741Occidental Petroleum Corp. 785,501O'Reilly Automotive, Inc. 1,335,078Palo Alto Networks, Inc. 1,970,110Pioneer Natural Resources Co. 600,932Progressive Corp. 750,485Red Hat, Inc. 1,788,113S&P Global, Inc. 730,403salesforce.com, Inc. 1,653,343Schlumberger, Ltd. 1,035,284Sirius XM Holdings, Inc. 1,006,647Six Flags Entertainment Corp. 779,400Southwest Airlines Co. 949,113Sprouts Farmers Market, Inc. 412,200Sysco Corp. 1,087,525US Bancorp 1,270,491Veeva Systems, Inc., Class A 514,889VeriSign, Inc. 927,729Visa, Inc., Class A 2,491,676Walmart, Inc. 1,411,351Westlake Chemical Corp. 781,634WW Grainger, Inc. 2,080,400Zoetis, Inc. 1,007,492

VALIC Company II - Conservative Growth Lifestyle Fund - (unaudited)July 31, 2018

Security Coupon(%) Maturity Date Market Value ($)VALIC Co. I Blue Chip Growth Fund 342,391VALIC Co. I Capital Conservation Fund 16,040,826VALIC Co. I Dividend Value Fund 10,477,128VALIC Co. I Emerging Economies Fund 4,932,491VALIC Co. I Foreign Value Fund 12,155,616VALIC Co. I Global Real Estate Fund 9,052,576VALIC Co. I Inflation Protected Fund 18,813,178VALIC Co. I International Equities Index Fund 15,722,011VALIC Co. I International Government Bond Fund 15,245,150VALIC Co. I International Growth Fund 5,364,733VALIC Co. I Large Cap Core Fund 2,843,421VALIC Co. I Mid Cap Index Fund 6,994,953VALIC Co. I Mid Cap Strategic Growth Fund 851,078VALIC Co. I Nasdaq-100 Index Fund 2,424,167VALIC Co. I Science & Technology Fund 3,681,905VALIC Co. I Small Cap Index Fund 1,855,420VALIC Co. I Small Cap Special Values Fund 10,510,986VALIC Co. I Stock Index Fund 9,160,371VALIC Co. I Value Fund 2,607,749VALIC Co. II Capital Appreciation Fund 5,166,201VALIC Co. II Core Bond Fund 29,934,864VALIC Co. II High Yield Bond Fund 44,690,431VALIC Co. II International Opportunities Fund 8,360,833VALIC Co. II Large Cap Value Fund 7,155,549VALIC Co. II Mid Cap Growth Fund 850,180VALIC Co. II Mid Cap Value Fund 4,689,398VALIC Co. II Small Cap Growth Fund 3,978,997VALIC Co. II Small Cap Value Fund 12,209,136

Page 3 of 58

VALIC Co. II Strategic Bond Fund 73,675,479

VALIC Company II - Core Bond Fund - (unaudited)July 31, 2018

Security Coupon(%) Maturity Date Market Value ($)ABB Finance USA, Inc. 3.38 04/03/2023 1,912,126ACE INA Holdings, Inc. 2.88 11/03/2022 1,546,474Actavis, Inc. 3.25 10/01/2022 725,564ADT Corp. 6.25 10/15/2021 639,738Ahern Rentals, Inc. 7.38 05/15/2023 637,000AIA Group, Ltd. 4.50 03/16/2046 511,365AK Steel Corp. 6.38 10/15/2025 530,438Albertsons Cos. LLC/Safeway, Inc./New Albertson's, Inc./Albertson's LLC 5.75 03/15/2025 1,062,900Allergan Sales LLC 4.88 02/15/2021 546,397Alliance Data Systems Corp. 5.88 11/01/2021 816,000Allison Transmission, Inc. 5.00 10/01/2024 559,043Ally Financial, Inc. 5.13 09/30/2024 714,875Altice Financing SA 7.50 05/15/2026 920,052Altice France SA 8.13 02/01/2027 219,590Altice Luxembourg SA 7.63 02/15/2025 1,154,738American Express Co. 2.50 08/01/2022 2,510,599American Express Credit Account Master Trust 2.41 12/15/2025 261,918American Express Credit Account Master Trust 2.99 12/15/2023 262,258AmWINS Group, Inc. 7.75 07/01/2026 674,025Anadarko Finance Co. 7.50 05/01/2031 848,913Anadarko Petroleum Corp. 6.45 09/15/2036 1,833,411Andeavor Logistics LP/Tesoro Logistics Finance Corp. 5.20 12/01/2047 2,068,417Anglo American Capital PLC 4.00 09/11/2027 710,913Anheuser-Busch InBev Finance, Inc. 2.65 02/01/2021 2,129,781Anheuser-Busch InBev Finance, Inc. 3.65 02/01/2026 1,556,037Anheuser-Busch InBev Finance, Inc. 4.70 02/01/2036 686,819Anheuser-Busch InBev Finance, Inc. 4.90 02/01/2046 3,686,997Anheuser-Busch InBev Worldwide, Inc. 4.60 04/15/2048 1,049,253Apergy Corp. 6.38 05/01/2026 303,588Apple, Inc. 2.85 05/06/2021 1,077,016Arch Merger Sub, Inc. 8.50 09/15/2025 946,580Asbury Automotive Group, Inc. 6.00 12/15/2024 420,885Assurant, Inc. 6.75 02/15/2034 985,194Assurant, Inc. 7.00 03/27/2048 1,981,860Astoria Financial Corp. 3.50 06/08/2020 2,072,807AT&T, Inc. 4.35 06/15/2045 1,066,533AT&T, Inc. 4.50 05/15/2035 3,470,592AT&T, Inc. 4.75 05/15/2046 159,541AT&T, Inc. 4.90 08/15/2037 4,383,128Athene Holding, Ltd. 4.13 01/12/2028 2,679,541Atlas Air, Inc. 7.63 01/02/2019 37,587Australia & New Zealand Banking Group, Ltd. 1.60 07/15/2019 720,700AutoNation, Inc. 3.80 11/15/2027 1,350,368Avis Budget Rental Car Funding AESOP LLC 2.50 07/20/2021 541,927AXA Equitable Holdings, Inc. 5.00 04/20/2048 509,827BA Credit Card Trust 3.00 09/15/2023 511,072BAC Capital Trust XIII 4.00 12/29/2049 737,010Banco Bilbao Vizcaya Argentaria SA 6.13 12/31/2099 920,000Banco Santander SA 3.85 04/12/2023 791,447Bank of America Corp. 3.55 03/05/2024 2,145,726Bank of America Corp. 3.86 07/23/2024 1,850,646Bank of America Corp. 4.18 11/25/2027 5,342,019Bank of America Corp. 6.11 01/29/2037 1,970,007Bank of Nova Scotia 4.65 12/31/2099 2,756,384BankUnited, Inc. 4.88 11/17/2025 4,543,400Barclays PLC 4.84 05/09/2028 1,729,672Basin Electric Power Cooperative 4.75 04/26/2047 2,466,170Bayer US Finance II LLC 4.63 06/25/2038 2,610,358BBVA Bancomer SA 5.13 01/18/2033 1,309,579Belo Corp. 7.75 06/01/2027 629,640Benchmark Mtg. Trust 3.57 01/15/2051 1,242,731Berkshire Hathaway, Inc. 1.15 08/15/2018 975,523Block Communications, Inc. 6.88 02/15/2025 1,217,880

Page 4 of 58

BMW US Capital LLC 3.10 04/12/2021 2,743,507BNP Paribas SA 3.80 01/10/2024 1,547,901Boise Cascade Co. 5.63 09/01/2024 626,600Bombardier, Inc. 5.75 03/15/2022 703,500BP Capital Markets PLC 3.25 05/06/2022 1,125,730BPCE SA 4.50 03/15/2025 854,190Braskem Netherlands Finance BV 4.50 01/10/2028 926,091Brazilian Development Bank 5.50 07/12/2020 2,386,273Brighthouse Financial, Inc. 4.70 06/22/2047 311,663Brinker International, Inc. 5.00 10/01/2024 444,675C&W Senior Financing Designated Activity Co. 6.88 09/15/2027 800,660Calfrac Holdings LP 8.50 06/15/2026 917,938Callon Petroleum Co. 6.38 07/01/2026 640,556Canadian Imperial Bank of Commerce 2.10 10/05/2020 2,557,021Canadian National Railway Co. 2.85 12/15/2021 1,164,447Canadian Pacific Railway Co. 6.13 09/15/2115 761,142Capital One Financial Corp. 3.75 07/28/2026 1,088,712Capital One Multi-Asset Execution Trust 1.33 06/15/2022 714,087Carlisle Cos., Inc. 3.75 12/01/2027 1,160,310CarMax Auto Owner Trust 1.60 06/15/2022 1,008,531CarMax Auto Owner Trust 2.44 11/16/2020 998,208Carriage Services, Inc. 6.63 06/01/2026 650,081Cascades, Inc. 5.50 07/15/2022 421,813Cascades, Inc. 5.75 07/15/2023 177,210Caterpillar Financial Services Corp. 2.55 11/29/2022 1,027,522Caterpillar Financial Services Corp. 3.45 05/15/2023 1,627,207CBS Corp. 3.70 08/15/2024 1,545,087CCO Holdings LLC/CCO Holdings Capital Corp. 5.00 02/01/2028 339,114CCO Holdings LLC/CCO Holdings Capital Corp. 5.38 05/01/2025 412,650CCO Holdings LLC/CCO Holdings Capital Corp. 5.88 04/01/2024 547,415CDK Global, Inc. 5.88 06/15/2026 562,725Celgene Corp. 3.63 05/15/2024 1,040,435Celgene Corp. 4.55 02/20/2048 890,017Cenovus Energy, Inc. 4.25 04/15/2027 1,477,837Centene Corp. 4.75 01/15/2025 374,531Centene Corp. 5.38 06/01/2026 623,464Central Garden & Pet Co. 5.13 02/01/2028 537,625CenturyLink, Inc. 5.80 03/15/2022 579,275CenturyLink, Inc. 6.75 12/01/2023 681,625CH Robinson Worldwide, Inc. 4.20 04/15/2028 1,188,624Chaparral Energy, Inc 8.75 07/15/2023 627,344Charter Communications Operating LLC/Charter Communications Operating Capital 5.38 04/01/2038 193,695Charter Communications Operating LLC/Charter Communications Operating Capital 5.38 05/01/2047 385,235Charter Communications Operating LLC/Charter Communications Operating Capital 5.75 04/01/2048 764,976Charter Communications Operating LLC/Charter Communications Operating Capital 6.38 10/23/2035 707,056Chase Mtg. Finance Trust 3.75 12/25/2045 1,659,010Cheniere Corpus Christi Holdings LLC 5.13 06/30/2027 852,550Cheniere Corpus Christi Holdings LLC 7.00 06/30/2024 253,523Cheniere Energy Partners LP 5.25 10/01/2025 644,760Chevron Corp. 2.36 12/05/2022 1,151,526Chevron Corp. 3.19 06/24/2023 3,484,862Chevron Phillips Chemical Co. LLC/Chevron Phillips Chemical Co. LP 3.30 05/01/2023 1,096,566CHS/Community Health Systems, Inc. 5.13 08/01/2021 731,406Cimpress NV 7.00 06/15/2026 981,263Cisco Systems, Inc. 2.20 02/28/2021 4,533,010Citibank Credit Card Issuance Trust 1.92 04/07/2022 1,527,702Citibank NA 2.13 10/20/2020 2,266,181Citigroup, Inc. 2.88 07/24/2023 1,538,051Citigroup, Inc. 4.45 09/29/2027 4,763,291Citigroup, Inc. 4.65 07/23/2048 1,259,341Citigroup, Inc. 4.75 05/18/2046 635,279Citigroup, Inc. 6.00 10/31/2033 699,976Citizens Bank NA 2.55 05/13/2021 500,298Citizens Communications Co. 9.00 08/15/2031 646,250Citizens Financial Group, Inc. 4.15 09/28/2022 1,574,478Cleaver-Brooks, Inc. 7.88 03/01/2023 659,533Cleveland-Cliffs, Inc. 5.75 03/01/2025 606,250CNH Industrial Capital LLC 4.38 04/05/2022 1,154,169CNH Industrial NV 3.85 11/15/2027 1,271,721CNH Industrial NV 4.50 08/15/2023 947,050

Page 5 of 58

CNOOC Curtis Funding No. 1 Pty, Ltd. 4.50 10/03/2023 1,382,852Cogent Communications Group, Inc. 5.38 03/01/2022 814,000Comcast Corp. 3.60 03/01/2024 2,288,977Comcast Corp. 3.90 03/01/2038 407,727COMM Mtg. Trust 3.83 02/10/2036 741,267Commercial Metals Co. 5.75 04/15/2026 487,325Conn's, Inc. 7.25 07/15/2022 683,350Consolidated Energy Finance SA 6.88 06/15/2025 569,800Continental Resources, Inc. 3.80 06/01/2024 589,390Continental Resources, Inc. 4.50 04/15/2023 1,728,602Continental Resources, Inc. 5.00 09/15/2022 583,480Cooperatieve Rabobank UA 11.00 12/29/2049 1,103,244Core Industrial Trust 3.04 02/10/2034 5,948Coty, Inc. 6.50 04/15/2026 561,750Credit Acceptance Corp. 7.38 03/15/2023 505,050Credit Agricole SA 3.25 10/04/2024 861,658Credit Agricole SA 4.13 01/10/2027 1,101,211Credit Suisse AG 3.00 10/29/2021 1,082,485Credit Suisse Group AG 4.21 06/12/2024 1,187,985CRH America Finance, Inc. 3.95 04/04/2028 903,063Crown Americas LLC/Crown Americas Capital Corp. VI 4.75 02/01/2026 240,640Crown Cork & Seal Co., Inc. 7.38 12/15/2026 413,640CSAIL Commercial Mtg. Trust 2.99 06/15/2050 1,746,592CSC Holdings LLC 5.50 04/15/2027 606,375CSC Holdings LLC 6.75 11/15/2021 599,438CSMC Trust 3.88 11/15/2037 1,515,014CTR Partnership LP/CareTrust Capital Corp. 5.25 06/01/2025 599,060CVS Health Corp. 4.78 03/25/2038 2,742,168CVS Health Corp. 5.05 03/25/2048 1,025,934CVS Pass-Through Trust 4.70 01/10/2036 533,507CVS Pass-Through Trust 5.77 01/10/2033 290,442CVS Pass-Through Trust 5.93 01/10/2034 513,995Daimler Finance North America LLC 2.00 07/06/2021 1,668,892Daimler Finance North America LLC 2.45 05/18/2020 1,811,618Daimler Finance North America LLC 3.10 05/04/2020 5,374,291Danske Bank A/S 3.88 09/12/2023 1,391,378DaVita HealthCare Partners, Inc. 5.00 05/01/2025 541,938DBCG Mtg. Trust 2.77 06/15/2034 300,000DBS Group Holdings, Ltd. 2.25 07/16/2019 1,514,426DCP Midstream Operating LP 5.38 07/15/2025 575,985Delphi Jersey Holdings PLC 5.00 10/01/2025 561,091Diamond 1 Finance Corp./Diamond 2 Finance Corp. 6.02 06/15/2026 623,706Diamond 1 Finance Corp./Diamond 2 Finance Corp. 8.10 07/15/2036 3,363,385Diebold Nixdorf, Inc. 8.50 04/15/2024 846,400Discover Card Execution Note Trust 2.19 04/17/2023 2,215,299Discovery Communications LLC 3.50 06/15/2022 1,519,628Discovery Communications LLC 3.90 11/15/2024 1,538,461Discovery Communications LLC 5.00 09/20/2037 535,240DISH DBS Corp. 6.75 06/01/2021 593,127Dominican Republic 7.45 04/30/2044 2,273,250Dominion Resources, Inc. 5.25 08/01/2033 1,552,843Dominion Resources, Inc. 5.75 10/01/2054 785,948Domtar Corp. 6.75 02/15/2044 2,287,032Donnelley Financial Solutions, Inc. 8.25 10/15/2024 997,673Duke Energy Progress LLC 2.80 05/15/2022 997,940E.W. Scripps Co. 5.13 05/15/2025 245,585Ecolab, Inc. 2.38 08/10/2022 1,473,945EDP Finance BV 3.63 07/15/2024 1,942,674Electricite de France SA 2.35 10/13/2020 1,415,190Electricite de France SA 6.00 01/22/2114 354,279Endeavor Energy Resources LP/EER Finance, Inc. 5.50 01/30/2026 733,125Endo Finance LLC/Endo Finco, Inc. 5.38 01/15/2023 569,531Enel Finance International NV 3.50 04/06/2028 2,168,879Enel Finance International NV 3.63 05/25/2027 2,444,361Energizer Gamma Acquisition, Inc. 6.38 07/15/2026 642,188Energy Transfer Equity LP 4.25 03/15/2023 578,638Energy Transfer Partners LP 4.90 03/15/2035 282,903Energy Transfer Partners LP 6.05 06/01/2041 114,586Energy Transfer Partners LP 6.25 12/31/2099 1,116,155Energy Transfer Partners LP 6.63 10/15/2036 2,100,553

Page 6 of 58

EnerSys 5.00 04/30/2023 531,960EnLink Midstream Partners LP 4.85 07/15/2026 874,685EnLink Midstream Partners LP 5.05 04/01/2045 865,785EnLink Midstream Partners LP 6.00 12/31/2099 871,838Enova International, Inc. 8.50 09/01/2024 913,000Enstar Group, Ltd. 4.50 03/10/2022 530,431Entergy Louisiana LLC 543,968Enterprise Products Operating LLC 5.25 08/16/2077 696,984EPR Properties 4.95 04/15/2028 492,342EQT Midstream Partners LP 4.75 07/15/2023 1,591,930ESH Hospitality, Inc. 5.25 05/01/2025 970,100European Investment Bank 1.63 08/14/2020 2,542,904Everi Payments, Inc. 7.50 12/15/2025 825,000Exelon Corp. 3.50 06/01/2022 1,439,879Exelon Generation Co. LLC 2.95 01/15/2020 781,234Extraction Oil & Gas, Inc. 5.63 02/01/2026 606,250Fannie Mae Connecticut Avenue Securities 3.66 01/25/2024 261,383Fannie Mae Connecticut Avenue Securities 4.06 10/25/2023 7,091Federal Home Loan Mtg. Corp. 2.50 01/01/2028 673,610Federal Home Loan Mtg. Corp. 2.50 04/01/2028 1,413,213Federal Home Loan Mtg. Corp. 2.50 03/01/2031 829,183Federal Home Loan Mtg. Corp. 2.50 10/01/2032 4,412,660Federal Home Loan Mtg. Corp. 3.00 08/01/2027 283,643Federal Home Loan Mtg. Corp. 3.00 10/01/2042 1,412,727Federal Home Loan Mtg. Corp. 3.00 11/01/2042 1,153,611Federal Home Loan Mtg. Corp. 3.00 02/01/2043 1,600,334Federal Home Loan Mtg. Corp. 3.00 04/01/2043 1,700,136Federal Home Loan Mtg. Corp. 3.00 05/01/2043 560,788Federal Home Loan Mtg. Corp. 3.00 08/01/2043 5,372,662Federal Home Loan Mtg. Corp. 3.00 08/01/2043 568,160Federal Home Loan Mtg. Corp. 3.00 07/01/2045 10,362,465Federal Home Loan Mtg. Corp. 3.00 10/01/2045 6,157,697Federal Home Loan Mtg. Corp. 3.00 08/01/2046 5,776,139Federal Home Loan Mtg. Corp. 3.33 02/01/2037 210,335Federal Home Loan Mtg. Corp. 3.50 01/01/2032 5,000,083Federal Home Loan Mtg. Corp. 3.50 03/01/2042 4,197,705Federal Home Loan Mtg. Corp. 3.50 04/01/2042 1,769,738Federal Home Loan Mtg. Corp. 3.50 08/01/2042 1,416,026Federal Home Loan Mtg. Corp. 3.50 09/01/2043 1,463,978Federal Home Loan Mtg. Corp. 3.50 03/01/2045 1,257,327Federal Home Loan Mtg. Corp. 3.50 07/01/2045 2,362,458Federal Home Loan Mtg. Corp. 3.50 07/01/2045 5,805,192Federal Home Loan Mtg. Corp. 3.50 08/01/2045 2,380,672Federal Home Loan Mtg. Corp. 3.50 11/01/2045 4,482,493Federal Home Loan Mtg. Corp. 3.50 01/01/2046 2,724,633Federal Home Loan Mtg. Corp. 3.50 11/01/2047 13,410,325Federal Home Loan Mtg. Corp. 3.50 03/01/2048 10,240,572Federal Home Loan Mtg. Corp. 4.00 03/01/2023 79,074Federal Home Loan Mtg. Corp. 4.00 09/01/2040 1,427,511Federal Home Loan Mtg. Corp. 4.00 07/01/2044 101,302Federal Home Loan Mtg. Corp. 4.00 10/01/2045 3,764,743Federal Home Loan Mtg. Corp. 4.00 01/01/2046 801,035Federal Home Loan Mtg. Corp. 4.08 11/01/2037 1,526,740Federal Home Loan Mtg. Corp. 4.50 11/01/2018 1,157Federal Home Loan Mtg. Corp. 4.50 02/01/2019 3,179Federal Home Loan Mtg. Corp. 4.50 12/01/2039 621,266Federal Home Loan Mtg. Corp. 4.50 07/01/2044 1,438,845Federal Home Loan Mtg. Corp. 4.50 09/01/2044 5,607,767Federal Home Loan Mtg. Corp. 5.00 10/01/2033 1,302Federal Home Loan Mtg. Corp. 5.00 07/01/2040 679,411Federal Home Loan Mtg. Corp. 5.00 11/01/2043 3,263,553Federal Home Loan Mtg. Corp. 5.50 11/01/2018 100Federal Home Loan Mtg. Corp. 5.50 11/01/2032 9,101Federal Home Loan Mtg. Corp. 5.50 07/01/2034 29,125Federal Home Loan Mtg. Corp. 5.50 02/01/2035 38,552Federal Home Loan Mtg. Corp. 5.50 07/01/2035 1,164Federal Home Loan Mtg. Corp. 5.50 01/01/2036 203,591Federal Home Loan Mtg. Corp. 5.50 05/01/2037 33,839Federal Home Loan Mtg. Corp. 6.00 07/01/2035 89,536Federal Home Loan Mtg. Corp. 6.00 03/01/2040 171,521

Page 7 of 58

Federal Home Loan Mtg. Corp. 6.50 02/01/2036 14,211Federal Home Loan Mtg. Corp. 6.50 09/01/2036 353Federal Home Loan Mtg. Corp. 6.50 05/01/2037 43,252Federal Home Loan Mtg. Corp. 43,401Federal Home Loan Mtg. Corp. REMIC 3.00 09/15/2045 3,854,991Federal Home Loan Mtg. Corp. REMIC 4.00 11/15/2035 2,905,140Federal Home Loan Mtg. Corp. REMIC 4.73 09/15/2039 96,635Federal Home Loan Mtg. Corp. Structured Agency Credit Risk 3.26 08/25/2029 2,480,708Federal Home Loan Mtg. Corp. Structured Agency Credit Risk 3.91 10/25/2027 955,566Federal Home Loan Mtg. Corp. Structured Agency Credit Risk 4.26 02/25/2024 1,358,764Federal Home Loan Mtg. Corp. Structured Agency Credit Risk 4.26 09/25/2024 3,239,536Federal Home Loan Mtg. Corp. Structured Agency Credit Risk 4.26 03/25/2025 3,642Federal Home Loan Mtg. Corp. Structured Agency Credit Risk 4.71 03/25/2028 501,621Federal Home Loan Mtg. Corp. Structured Agency Credit Risk 4.81 09/25/2028 1,120,819Federal Home Loan Mtg. Corp. Structured Agency Credit Risk 4.86 05/25/2028 688,627Federal National Mtg. Assoc. 2.50 02/01/2028 1,404,880Federal National Mtg. Assoc. 2.50 04/01/2028 365,353Federal National Mtg. Assoc. 2.50 01/01/2032 2,526,459Federal National Mtg. Assoc. 3.00 04/01/2027 1,018,853Federal National Mtg. Assoc. 3.00 10/01/2027 169,770Federal National Mtg. Assoc. 3.00 01/01/2028 1,447,451Federal National Mtg. Assoc. 3.00 10/01/2030 2,702,472Federal National Mtg. Assoc. 3.00 10/01/2032 11,068,622Federal National Mtg. Assoc. 3.00 03/01/2042 2,821,502Federal National Mtg. Assoc. 3.00 12/01/2042 1,886,922Federal National Mtg. Assoc. 3.00 12/01/2042 729,662Federal National Mtg. Assoc. 3.00 05/01/2043 3,126,572Federal National Mtg. Assoc. 3.00 05/01/2046 3,669,238Federal National Mtg. Assoc. 3.00 09/01/2046 1,666,256Federal National Mtg. Assoc. 3.00 01/01/2047 4,150,653Federal National Mtg. Assoc. 3.00 02/01/2048 10,107,734Federal National Mtg. Assoc. 3.42 09/01/2035 1,187,430Federal National Mtg. Assoc. 3.48 10/01/2035 1,413,422Federal National Mtg. Assoc. 3.50 08/01/2026 1,131,054Federal National Mtg. Assoc. 3.50 09/01/2026 1,035,295Federal National Mtg. Assoc. 3.50 08/01/2027 116,949Federal National Mtg. Assoc. 3.50 10/01/2028 492,903Federal National Mtg. Assoc. 3.50 10/01/2028 1,914,204Federal National Mtg. Assoc. 3.50 03/01/2033 1,934,886Federal National Mtg. Assoc. 3.50 08/01/2033 5,604,541Federal National Mtg. Assoc. 3.50 12/01/2041 414,518Federal National Mtg. Assoc. 3.50 03/01/2042 578,614Federal National Mtg. Assoc. 3.50 08/01/2042 1,740,780Federal National Mtg. Assoc. 3.50 08/01/2042 2,191,665Federal National Mtg. Assoc. 3.50 09/01/2042 552,870Federal National Mtg. Assoc. 3.50 02/01/2043 2,794,797Federal National Mtg. Assoc. 3.50 07/01/2045 1,720,593Federal National Mtg. Assoc. 3.50 08/01/2045 2,377,562Federal National Mtg. Assoc. 3.50 09/01/2045 513,846Federal National Mtg. Assoc. 3.50 10/01/2045 3,212,298Federal National Mtg. Assoc. 3.50 11/01/2045 7,430,335Federal National Mtg. Assoc. 3.50 12/01/2045 12,696,479Federal National Mtg. Assoc. 3.50 02/01/2046 2,162,766Federal National Mtg. Assoc. 3.50 03/01/2046 10,185,199Federal National Mtg. Assoc. 3.50 07/01/2046 6,684,605Federal National Mtg. Assoc. 3.50 01/01/2047 5,850,823Federal National Mtg. Assoc. 3.50 04/01/2048 10,935,626Federal National Mtg. Assoc. 3.57 10/01/2040 341,118Federal National Mtg. Assoc. 3.58 10/01/2040 798,501Federal National Mtg. Assoc. 3.58 05/01/2040 1,455,094Federal National Mtg. Assoc. 3.66 05/01/2037 294,075Federal National Mtg. Assoc. 3.79 07/01/2039 1,017,701Federal National Mtg. Assoc. 4.00 11/01/2025 85,139Federal National Mtg. Assoc. 4.00 09/01/2040 101,477Federal National Mtg. Assoc. 4.00 09/01/2040 15,963Federal National Mtg. Assoc. 4.00 10/01/2040 239,994Federal National Mtg. Assoc. 4.00 12/01/2040 2,118,819Federal National Mtg. Assoc. 4.00 10/01/2041 1,251,617Federal National Mtg. Assoc. 4.00 11/01/2041 995,550Federal National Mtg. Assoc. 4.00 11/01/2041 354,903

Page 8 of 58

Federal National Mtg. Assoc. 4.00 01/01/2043 2,298,507Federal National Mtg. Assoc. 4.00 10/01/2043 3,092,439Federal National Mtg. Assoc. 4.00 10/01/2044 3,948,712Federal National Mtg. Assoc. 4.00 02/01/2045 3,068,780Federal National Mtg. Assoc. 4.00 02/01/2045 1,240,290Federal National Mtg. Assoc. 4.00 02/01/2046 2,948,117Federal National Mtg. Assoc. 4.00 06/01/2046 277,732Federal National Mtg. Assoc. 4.00 01/01/2047 4,831,322Federal National Mtg. Assoc. 4.00 05/01/2047 4,797,488Federal National Mtg. Assoc. 4.00 07/01/2047 16,993,919Federal National Mtg. Assoc. 4.00 08/01/2047 7,107,813Federal National Mtg. Assoc. 4.05 11/01/2036 570,178Federal National Mtg. Assoc. 4.06 08/01/2035 870,474Federal National Mtg. Assoc. 4.50 10/01/2024 380,589Federal National Mtg. Assoc. 4.50 03/01/2025 559,391Federal National Mtg. Assoc. 4.50 06/01/2039 161,155Federal National Mtg. Assoc. 4.50 01/01/2040 384,274Federal National Mtg. Assoc. 4.50 02/01/2040 1,179,901Federal National Mtg. Assoc. 4.50 05/01/2040 345,592Federal National Mtg. Assoc. 4.50 11/01/2040 348,529Federal National Mtg. Assoc. 4.50 12/01/2040 320,211Federal National Mtg. Assoc. 4.50 05/01/2041 731,939Federal National Mtg. Assoc. 4.50 03/01/2042 3,252,402Federal National Mtg. Assoc. 4.50 08/01/2045 8,913,416Federal National Mtg. Assoc. 4.50 04/01/2047 2,182,541Federal National Mtg. Assoc. 4.50 11/01/2047 5,512,939Federal National Mtg. Assoc. 5.00 09/01/2018 51Federal National Mtg. Assoc. 5.00 10/01/2018 74Federal National Mtg. Assoc. 5.00 03/01/2020 1,375Federal National Mtg. Assoc. 5.00 06/01/2022 38,772Federal National Mtg. Assoc. 5.00 10/01/2024 196,316Federal National Mtg. Assoc. 5.00 09/01/2033 632,797Federal National Mtg. Assoc. 5.00 04/01/2040 306,126Federal National Mtg. Assoc. 5.00 05/01/2040 310,977Federal National Mtg. Assoc. 5.00 05/01/2040 367,451Federal National Mtg. Assoc. 5.00 06/01/2040 3,060,085Federal National Mtg. Assoc. 5.00 07/01/2040 484,460Federal National Mtg. Assoc. 5.00 07/01/2040 132,186Federal National Mtg. Assoc. 5.00 07/01/2040 128,872Federal National Mtg. Assoc. 5.00 02/01/2045 1,839,549Federal National Mtg. Assoc. 5.50 12/01/2029 162,824Federal National Mtg. Assoc. 5.50 12/01/2033 32,742Federal National Mtg. Assoc. 5.50 07/01/2037 35,343Federal National Mtg. Assoc. 5.50 08/01/2037 1,581,186Federal National Mtg. Assoc. 5.50 06/01/2038 177,673Federal National Mtg. Assoc. 5.50 09/01/2039 600,667Federal National Mtg. Assoc. 6.00 08/01/2034 28,143Federal National Mtg. Assoc. 6.00 11/01/2035 44,626Federal National Mtg. Assoc. 6.00 06/01/2036 67,474Federal National Mtg. Assoc. 6.00 12/01/2036 110,395Federal National Mtg. Assoc. 6.00 07/01/2038 537,116Federal National Mtg. Assoc. 6.00 09/01/2038 106,984Federal National Mtg. Assoc. 6.00 09/01/2038 194,324Federal National Mtg. Assoc. 6.00 11/01/2038 173,409Federal National Mtg. Assoc. REMIC 3.00 06/25/2045 5,813,070Federal National Mtg. Assoc. REMIC 3.00 12/25/2047 4,768,093Federal National Mtg. Assoc. REMIC 3.00 05/25/2048 4,199,961Federal Republic of Brazil 8.25 01/20/2034 442,860Federal Republic of Brazil 8.25 01/20/2034 222,640FedEx Corp. 4.05 02/15/2048 836,456First Horizon National Corp. 3.50 12/15/2020 3,707,439First Niagara Financial Group, Inc. 6.75 03/19/2020 2,454,053First Niagara Financial Group, Inc. 7.25 12/15/2021 2,448,849First Quality Finance Co., Inc. 5.00 07/01/2025 400,365First Quantum Minerals, Ltd. 6.50 03/01/2024 299,915First Quantum Minerals, Ltd. 7.25 04/01/2023 321,200First Tennessee Bank NA 2.95 12/01/2019 974,403FirstCash, Inc. 5.38 06/01/2024 484,565FirstEnergy Corp. 3.90 07/15/2027 1,623,482FirstEnergy Corp. 4.85 07/15/2047 1,813,047

Page 9 of 58

FirstEnergy Corp. 7.38 11/15/2031 5,133,877Ford Credit Auto Owner Trust/Ford Credit 3.47 01/15/2030 399,986Ford Credit Floorplan Master Owner Trust 2.07 05/15/2022 1,004,906Ford Motor Credit Co. LLC 2.34 11/02/2020 3,283,991Forum Energy Technologies, Inc. 6.25 10/01/2021 577,825Freeport-McMoRan Copper & Gold, Inc. 3.88 03/15/2023 688,188GATX Corp. 3.25 09/15/2026 872,657GCP Applied Technologies, Inc. 5.50 04/15/2026 613,800GE Capital International Funding Co. ULC 2.34 11/15/2020 2,572,454GE Capital International Funding Co. ULC 4.42 11/15/2035 2,171,751General Dynamics Corp. 2.88 05/11/2020 1,757,537Genesis Energy LP/Genesis Energy Finance Corp. 5.63 06/15/2024 373,000Genesis Energy LP/Genesis Energy Finance Corp. 6.00 05/15/2023 492,500GEO Group, Inc. 5.13 04/01/2023 632,749Georgia Power Co. 2.00 09/08/2020 915,037Georgia-Pacific LLC 3.73 07/15/2023 2,940,338Georgia-Pacific LLC 5.40 11/01/2020 769,974GlaxoSmithKline Capital, Inc. 3.38 05/15/2023 1,212,172GLP Capital LP/GLP Financing II, Inc. 5.38 04/15/2026 609,660GM Financial Consumer Automobile Receivables Trust 2.13 03/16/2023 972,725goeasy, Ltd. 7.88 11/01/2022 813,835Goldcorp, Inc. 3.70 03/15/2023 539,733Golden Nugget, Inc. 8.75 10/01/2025 798,875Goldman Sachs Group, Inc. 2.91 06/05/2023 1,785,229Goldman Sachs Group, Inc. 4.02 10/31/2038 1,780,151Goldman Sachs Group, Inc. 6.13 02/15/2033 1,897,040Goldman Sachs Group, Inc. 6.75 10/01/2037 2,750,132Government National Mtg. Assoc. 3.00 02/20/2045 1,988,723Government National Mtg. Assoc. 3.00 05/20/2045 1,546,764Government National Mtg. Assoc. 3.00 07/20/2045 386,241Government National Mtg. Assoc. 3.00 11/20/2045 3,295,593Government National Mtg. Assoc. 3.00 12/20/2045 2,632,926Government National Mtg. Assoc. 3.00 09/20/2047 4,656,970Government National Mtg. Assoc. 3.50 03/20/2045 1,375,625Government National Mtg. Assoc. 3.50 07/20/2045 675,630Government National Mtg. Assoc. 3.50 03/20/2047 4,345,076Government National Mtg. Assoc. 4.00 03/20/2044 877,121Government National Mtg. Assoc. 4.00 07/20/2045 2,489,064Government National Mtg. Assoc. 4.00 10/20/2045 904,193Government National Mtg. Assoc. 4.00 05/20/2048 5,090,295Government National Mtg. Assoc. 4.50 05/15/2039 653,382Government National Mtg. Assoc. 5.00 05/15/2034 209,999Government National Mtg. Assoc. 5.00 01/15/2040 564,470Government National Mtg. Assoc. 5.50 12/15/2039 763,149Government National Mtg. Assoc. 6.00 10/15/2039 501,013Government National Mtg. Assoc. 7.00 09/15/2028 3,473Government National Mtg. Assoc. REMIC 1.00 10/16/2043 1,587,531Government of Egypt 7.50 01/31/2027 1,458,296Government of Egypt 8.50 01/31/2047 1,578,366Government of Romania 5.13 06/15/2048 1,910,488Government of Ukraine 7.38 09/25/2032 1,451,642Government of Ukraine 7.75 09/01/2027 717,960Graham Holdings Co. 5.75 06/01/2026 836,225Gray Television, Inc. 5.13 10/15/2024 529,920Gray Television, Inc. 5.88 07/15/2026 115,345Great Lakes Dredge & Dock Corp. 8.00 05/15/2022 852,825Greystar Real Estate Partners LLC 5.75 12/01/2025 572,300Grinding Media, Inc./Moly-Cop AltaSteel, Ltd. 7.38 12/15/2023 520,000GS Mtg. Securities Trust 2.90 02/10/2048 60,854H&E Equipment Services, Inc. 5.63 09/01/2025 740,625Halliburton Co. 4.85 11/15/2035 399,579Hanwha Life Insurance Co., Ltd. 4.70 04/23/2048 2,314,302Harland Clarke Holdings Corp. 8.38 08/15/2022 1,093,893Harris Corp. 4.40 06/15/2028 1,611,389HCA, Inc. 5.25 06/15/2026 520,695HCA, Inc. 6.50 02/15/2020 572,440Hess Corp. 5.60 02/15/2041 1,381,406Hewlett Packard Enterprise Co. 6.20 10/15/2035 55,766Hi-Crush Partners LP 9.50 08/01/2026 645,125Hilcorp Energy I LP/Hilcorp Finance Co. 5.00 12/01/2024 971,824

Page 10 of 58

Holly Energy Partners LP/Holly Energy Finance Corp. 6.00 08/01/2024 950,077HSBC Holdings PLC 6.00 12/31/2099 1,708,347HSBC Holdings PLC 6.25 12/31/2099 3,335,833Hudbay Minerals, Inc. 7.25 01/15/2023 540,094Hughes Satellite Systems Corp. 6.63 08/01/2026 876,300Huntington Bancshares, Inc. 5.70 12/31/2099 1,044,775Huntington National Bank 2.38 03/10/2020 1,237,701Hyundai Capital Services, Inc. 3.00 08/29/2022 1,227,771IBM Credit LLC 1.63 09/06/2019 1,846,518IBM Credit LLC 2.65 02/05/2021 4,306,427Infor US, Inc. 6.50 05/15/2022 353,363Ingram Micro, Inc. 5.45 12/15/2024 925,858Inmarsat Finance PLC 6.50 10/01/2024 638,175Intel Corp. 2.45 07/29/2020 1,897,132Intelsat Jackson Holdings SA 5.50 08/01/2023 1,315,600International Game Technology PLC 6.50 02/15/2025 971,805International Paper Co. 5.00 09/15/2035 559,725Interpublic Group of Cos., Inc. 4.20 04/15/2024 608,634Intesa Sanpaolo SpA 3.88 01/12/2028 972,089Intesa Sanpaolo SpA 5.71 01/15/2026 1,543,202ION Media Networks, Inc. 59,924Iron Mountain, Inc. 4.88 09/15/2027 609,306iStar, Inc. 5.25 09/15/2022 623,025iStar, Inc. 6.00 04/01/2022 289,723Jabil, Inc. 3.95 01/12/2028 169,175JB Poindexter & Co., Inc. 7.13 04/15/2026 817,650JBS USA LUX SA/JBS USA Finance, Inc. 5.75 06/15/2025 193,806JBS USA LUX SA/JBS USA Finance, Inc. 5.88 07/15/2024 697,970Jefferies Group LLC/Jefferies Group Capital Finance, Inc. 4.15 01/23/2030 851,874John Deere Capital Corp. 2.35 01/08/2021 1,271,276JPMorgan Chase & Co. 2.55 03/01/2021 2,557,771JPMorgan Chase & Co. 3.88 07/24/2038 2,808,511JPMorgan Chase & Co. 4.63 12/31/2099 2,269,542JPMorgan Chase & Co. 6.13 12/31/2049 1,822,764Jurassic Holdings III, Inc. 6.88 02/15/2021 625,240Kazakhstan Temir Zholy Finance BV 6.95 07/10/2042 1,782,720KCA Deutag UK Finance PLC 9.88 04/01/2022 699,370Kennedy-Wilson, Inc. 5.88 04/01/2024 975,000KeyBank NA 3.35 06/15/2021 1,162,656KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC 5.00 06/01/2024 613,800Kimco Realty Corp. 4.25 04/01/2045 603,347Kinder Morgan Energy Partners LP 6.95 01/15/2038 1,004,490Kinder Morgan, Inc. 5.00 02/15/2021 668,752Kingdom of Saudi Arabia 5.00 04/17/2049 1,479,150Kinross Gold Corp. 4.50 07/15/2027 714,185Kirby Corp. 4.20 03/01/2028 1,142,484Korea East-West Power Co., Ltd. 3.88 07/19/2023 514,065Kraft Heinz Foods Co. 4.88 02/15/2025 1,469,165Kraton Polymers LLC/Kraton Polymers Capital Corp. 7.00 04/15/2025 700,400Kroger Co. 4.65 01/15/2048 1,467,073Laboratory Corp. of America Holdings 3.25 09/01/2024 1,716,729Land O'Lakes Capital Trust I 7.45 03/15/2028 372,385Lehman Brothers Holdings Capital Trust VII 15Lehman Brothers Holdings, Inc. 6.75 12/28/2017 18Lehman Brothers Holdings, Inc. 7.50 05/11/2038 23LHMC Finco SARL 7.88 12/20/2023 671,508LKQ Corp. 4.75 05/15/2023 424,469Lonestar Resources America, Inc. 11.25 01/01/2023 610,200LPL Holdings, Inc. 5.75 09/15/2025 552,900Lubrizol Corp. 6.50 10/01/2034 716,919Macquarie Group, Ltd. 3.76 11/28/2028 496,581Maple Escrow Subsidiary, Inc. 4.06 05/25/2023 828,331Maple Escrow Subsidiary, Inc. 4.42 05/25/2025 2,164,272Maple Escrow Subsidiary, Inc. 4.60 05/25/2028 1,192,169Marathon Oil Corp. 6.60 10/01/2037 1,664,182Martin Marietta Materials, Inc. 4.25 12/15/2047 434,642Masco Corp. 4.45 04/01/2025 1,344,807Masco Corp. 4.50 05/15/2047 668,437Massachusetts Electric Co. 4.00 08/15/2046 1,594,093Massachusetts Mutual Life Insurance Co. 4.50 04/15/2065 366,864

Page 11 of 58

MassMutual Global Funding II 2.75 06/22/2024 867,506Mattamy Group Corp. 6.50 10/01/2025 600,600McDonald's Corp. 4.45 03/01/2047 1,491,615McGraw-Hill Global Education Holdings LLC/McGraw-Hill Global Education Finance 7.88 05/15/2024 876,488MEDNAX, Inc. 5.25 12/01/2023 930,965Medtronic, Inc. 2.50 03/15/2020 1,821,452MEG Energy Corp. 6.38 01/30/2023 809,543MEG Energy Corp. 6.50 01/15/2025 923,741MetLife, Inc. 6.40 12/15/2066 1,117,750Metropolitan Life Global Funding I 2.30 04/10/2019 2,596,695Mitsubishi UFJ Financial Group, Inc. 2.67 07/25/2022 1,227,848Mitsubishi UFJ Financial Group, Inc. 2.95 03/01/2021 643,926Mitsubishi UFJ Financial Group, Inc. 3.78 03/02/2025 476,051Mizuho Financial Group, Inc. 2.27 09/13/2021 1,743,482Mizuho Financial Group, Inc. 3.55 03/05/2023 4,147,304Moog, Inc. 5.25 12/01/2022 463,590Morgan Stanley 2.75 05/19/2022 1,121,136Morgan Stanley 3.59 07/22/2028 1,823,535Morgan Stanley 5.00 11/24/2025 6,754,057Morgan Stanley Bank of America Merrill Lynch Trust 2.98 07/15/2050 997,177Morgan Stanley Capital Barclays Bank Trust 2.20 09/13/2031 2,316,659Mosaic Co. 3.25 11/15/2022 748,703MPT Operating Partnership LP/MPT Finance Corp. 5.00 10/15/2027 761,423MSDB Trust 3.32 07/11/2039 4,343,343Multi-Color Corp. 4.88 11/01/2025 672,438Multi-Color Corp. 6.13 12/01/2022 456,858Mylan, Inc. 5.20 04/15/2048 3,150,982National Australia Bank, Ltd. 3.63 06/20/2023 2,005,544National Rural Utilities Cooperative Finance Corp. 2.30 11/01/2020 2,372,029National Rural Utilities Cooperative Finance Corp. 2.30 09/15/2022 991,528National Rural Utilities Cooperative Finance Corp. 2.40 04/25/2022 743,180National Rural Utilities Cooperative Finance Corp. 4.75 04/30/2043 825,009Nationwide Building Society 4.13 10/18/2032 947,092Netflix, Inc. 5.88 02/15/2025 609,994Nevada Power Co. 2.75 04/15/2020 1,161,422New York Life Global Funding 1.95 09/28/2020 2,607,400Newfield Exploration Co. 5.38 01/01/2026 520,453NGPL PipeCo LLC 4.38 08/15/2022 1,204,003Nielsen Finance LLC/Nielsen Finance Co. 5.00 04/15/2022 631,719NiSource, Inc. 4.38 05/15/2047 489,325Nissan Auto Receivables Owner Trust 1.18 01/15/2021 437,270Nissan Motor Acceptance Corp. 2.15 09/28/2020 2,336,301Nissan Motor Acceptance Corp. 2.65 07/13/2022 1,689,803Noble Holding International, Ltd. 7.75 01/15/2024 365,690Noble Holding International, Ltd. 7.88 02/01/2026 449,018Norfolk Southern Corp. 5.10 12/31/2049 1,434,602Northern Natural Gas Co. 4.30 01/15/2049 684,858NOVA Chemicals Corp. 5.00 05/01/2025 785,813Novelis Corp. 5.88 09/30/2026 210,925Novelis Corp. 6.25 08/15/2024 389,973NRG Yield Operating LLC 5.38 08/15/2024 726,350Nufarm Australia, Ltd./Nufarm Americas, Inc. 5.75 04/30/2026 600,000Nvent Finance SARL 4.55 04/15/2028 946,468OCI NV 6.63 04/15/2023 683,417ONEOK, Inc. 4.00 07/13/2027 1,215,575Oracle Corp. 2.95 11/15/2024 2,179,831Oracle Corp. 3.90 05/15/2035 305,098Oriental Republic of Uruguay 4.38 10/27/2027 922,950Owens Corning 4.30 07/15/2047 1,712,356Owens Corning 4.40 01/30/2048 545,064Owens-Brockway Glass Container, Inc. 5.38 01/15/2025 717,833Party City Holdings, Inc. 6.63 08/01/2026 449,120Pattern Energy Group, Inc. 5.88 02/01/2024 903,728PBF Holding Co. LLC/PBF Finance Corp. 7.25 06/15/2025 632,981Penske Truck Leasing Co. LP/PTL Finance Corp. 3.95 03/10/2025 1,837,707Petroleos Mexicanos 4.88 01/24/2022 1,409,954Petroleos Mexicanos 6.63 06/15/2035 1,355,900Petroleos Mexicanos 6.75 09/21/2047 1,933,209Pilgrim's Pride Corp. 5.88 09/30/2027 536,188Pioneer Energy Services Corp. 6.13 03/15/2022 610,500

Page 12 of 58

Prudential Financial, Inc. 4.50 09/15/2047 573,160Prudential Financial, Inc. 5.63 06/15/2043 958,301Public Service Co. of Colorado 3.70 06/15/2028 1,609,472Public Service Co. of Colorado 4.10 06/15/2048 1,112,397QEP Resources, Inc. 5.63 03/01/2026 702,625QUALCOMM, Inc. 3.45 05/20/2025 1,478,898Quicken Loans, Inc. 5.75 05/01/2025 797,200Qwest Corp. 565,556Realogy Group LLC/Realogy Co-Issuer Corp. 4.88 06/01/2023 800,660Regions Financial Corp. 2.75 08/14/2022 1,551,334Regions Financial Corp. 7.38 12/10/2037 5,874,857Republic of Argentina 6.88 04/22/2021 751,500Republic of Argentina 6.88 04/22/2021 350,700Republic of Argentina 6.88 01/11/2048 548,807Republic of Argentina 8.28 12/31/2033 1,541,804Republic of Chile 3.24 02/06/2028 191,700Republic of Chile 3.24 02/06/2028 1,795,271Republic of Colombia 8.13 05/21/2024 2,777,250Republic of Croatia 6.38 03/24/2021 1,650,750Republic of Ecuador 9.63 06/02/2027 1,709,690Republic of Guatemala 4.88 02/13/2028 995,890Republic of Honduras 6.25 01/19/2027 1,181,349Republic of Hungary 5.38 02/21/2023 2,343,000Republic of Indonesia 2.95 01/11/2023 1,217,224Republic of Indonesia 5.88 01/15/2024 541,664Republic of Ivory Coast 5.75 12/31/2032 1,058,718Republic of Peru 8.75 11/21/2033 1,034,250Republic of Poland 5.13 04/21/2021 735,000Republic of Senegal 6.25 05/23/2033 1,131,091Republic of Senegal 6.75 03/13/2048 678,825Republic of Serbia 4.88 02/25/2020 1,526,250Republic of South Africa 4.67 01/17/2024 897,943Republic of South Africa 6.25 03/08/2041 1,431,545Republic of Sri Lanka 6.83 07/18/2026 1,904,839Republic of the Philippines 4.00 01/15/2021 962,575Republic of Turkey 6.63 02/17/2045 1,217,678Republic of Turkey 8.00 02/14/2034 824,728Roche Holdings, Inc. 1.75 01/28/2022 1,719,801Roche Holdings, Inc. 2.25 09/30/2019 1,585,381Roche Holdings, Inc. 2.88 09/29/2021 1,226,981Royal Bank of Scotland Group PLC 3.50 05/15/2023 571,769Royal Bank of Scotland Group PLC 3.88 09/12/2023 444,776Royal Bank of Scotland Group PLC 4.52 06/25/2024 1,573,541Royal Bank of Scotland Group PLC 8.00 12/29/2049 451,401RPM International, Inc. 4.25 01/15/2048 154,454Russian Federation 4.75 05/27/2026 1,419,250Sabra Health Care LP 5.13 08/15/2026 287,937Sanchez Energy Corp. 6.13 01/15/2023 262,834Santander Holdings USA, Inc. 3.40 01/18/2023 2,558,892Seagate HDD Cayman 4.75 01/01/2025 703,321SemGroup Corp./Rose Rock Finance Corp. 5.63 07/15/2022 922,945SemGroup Corp./Rose Rock Finance Corp. 5.63 11/15/2023 207,235SFR Group SA 7.38 05/01/2026 1,028,300Shelf Drilling Holdings, Ltd. 8.25 02/15/2025 627,300Shire Acquisitions Investments Ireland DAC 2.88 09/23/2023 986,134Siemens Financieringsmaatschappij NV 2.20 03/16/2020 2,135,779Sinopec Group Overseas Development 2015, Ltd. 2.50 04/28/2020 1,476,431Sirius XM Radio, Inc. 5.38 07/15/2026 960,154SK Telecom Co., Ltd. 3.75 04/16/2023 583,800SLM Corp. 5.63 08/01/2033 968,715Smithfield Foods, Inc. 2.65 10/03/2021 571,517Socialist Republic of Vietnam 4.80 11/19/2024 1,618,198Societe Generale SA 7.88 12/29/2049 1,048,856South Carolina Electric & Gas Co. 4.35 02/01/2042 707,238South Carolina Electric & Gas Co. 5.10 06/01/2065 2,555,642Southern California Edison Co. 4.13 03/01/2048 985,203Southwestern Energy Co. 7.50 04/01/2026 567,188Springleaf Finance Corp. 6.88 03/15/2025 735,875Springleaf Finance Corp. 7.13 03/15/2026 210,364Sprint Corp. 7.25 09/15/2021 1,224,706

Page 13 of 58

Sprint Corp. 7.88 09/15/2023 2,436,035Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC 4.74 09/20/2029 3,209,745Standard Industries, Inc. 6.00 10/15/2025 632,813Stanley Black & Decker, Inc. 5.75 12/15/2053 1,826,085Stars Group Holdings BV/Stars Group US Co-Borrower LLC 7.00 07/15/2026 654,050Starwood Property Trust, Inc. 4.75 03/15/2025 962,813State of Qatar 4.50 01/20/2022 1,543,380State Street Institutional U.S. Government Money Market Fund, Premier Class 36,416,870Sultanate of Oman 4.75 06/15/2026 1,417,473Summit Midstream Holdings LLC/Summit Midstream Finance Corp. 5.50 08/15/2022 757,350SunCoke Energy Partners LP/SunCoke Energy Partners Finance Corp. 7.50 06/15/2025 960,225SunTrust Bank 3.50 08/02/2022 1,302,276Synchrony Credit Card Master Note Trust 1.91 09/15/2022 1,185,519Synchrony Credit Card Master Note Trust 2.21 05/15/2024 827,270Syngenta Finance NV 4.44 04/24/2023 1,326,260Synovus Financial Corp. 3.13 11/01/2022 734,441Telecom Italia Capital SA 7.72 06/04/2038 5,795,843Telefonica Emisiones SAU 4.67 03/06/2038 1,909,221Telefonica Emisiones SAU 5.21 03/08/2047 1,121,727Telesat Canada/Telesat LLC 8.88 11/15/2024 681,038Tennessee Valley Authority 1.75 10/15/2018 564,693Terex Corp. 5.63 02/01/2025 446,625Time Warner, Inc. 4.85 07/15/2045 168,883Toll Brothers Finance Corp. 4.35 02/15/2028 1,218,004Toronto-Dominion Bank 1.85 09/11/2020 1,529,117Toyota Auto Receivables Owner Trust 2.35 05/16/2022 123,553Toyota Industries Corp. 3.24 03/16/2023 4,014,878Toyota Motor Credit Corp. 2.95 04/13/2021 4,265,563TransCanada Trust 5.30 03/15/2077 737,854TransCanada Trust 5.63 05/20/2075 483,566Travelport Corporate Finance PLC 6.00 03/15/2026 466,015Trimble, Inc. 4.90 06/15/2028 506,121Trinidad Drilling, Ltd. 6.63 02/15/2025 846,563Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc. 5.38 09/01/2025 557,938Triumph Group, Inc. 4.88 04/01/2021 761,478TTM Technologies, Inc. 5.63 10/01/2025 735,688Tutor Perini Corp. 6.88 05/01/2025 789,038UBS Group Funding Switzerland AG 3.49 05/23/2023 2,497,704UBS Group Funding Switzerland AG 4.13 09/24/2025 268,685UniCredit SpA 5.86 06/19/2032 3,665,911United Airlines Pass-Through Trust 4.63 03/03/2024 514,367United Mexican States 4.35 01/15/2047 1,229,176United Overseas Bank, Ltd. 3.20 04/23/2021 910,795United States Steel Corp. 6.25 03/15/2026 302,000United States Steel Corp. 6.88 08/15/2025 536,797United States Treasury Bonds 2.50 02/15/2045 1,063,505United States Treasury Bonds 2.50 02/15/2046 608,911United States Treasury Bonds 2.50 05/15/2046 1,270,310United States Treasury Bonds 2.75 08/15/2047 1,216,516United States Treasury Bonds 2.75 11/15/2047 1,614,686United States Treasury Bonds 2.88 11/15/2046 1,565,118United States Treasury Bonds 3.00 05/15/2045 586,075United States Treasury Bonds 3.00 11/15/2045 3,445,832United States Treasury Bonds 3.00 02/15/2047 1,557,096United States Treasury Bonds 3.00 05/15/2047 13,523,877United States Treasury Bonds 3.00 02/15/2048 9,999,232United States Treasury Bonds 3.13 11/15/2041 822,450United States Treasury Bonds 3.13 02/15/2042 1,925,366United States Treasury Bonds 3.13 08/15/2044 312,361United States Treasury Bonds 3.63 08/15/2043 520,978United States Treasury Bonds 3.75 08/15/2041 41,154United States Treasury Bonds 3.88 08/15/2040 158,293United States Treasury Bonds 4.25 11/15/2040 849,695United States Treasury Bonds 4.38 05/15/2040 3,616,732United States Treasury Bonds 4.38 05/15/2041 548,862United States Treasury Bonds 4.63 02/15/2040 84,851United States Treasury Bonds 5.25 11/15/2028 450,264United States Treasury Notes 0.13 04/15/2019 294,624United States Treasury Notes 0.13 04/15/2020 285,585United States Treasury Notes 1.00 06/30/2019 36,724,828

Page 14 of 58

United States Treasury Notes 1.38 12/31/2018 474,420United States Treasury Notes 1.38 02/28/2019 3,845,071United States Treasury Notes 1.50 08/31/2018 1,663,418United States Treasury Notes 1.63 12/31/2019 576,358United States Treasury Notes 1.63 08/31/2022 4,769,922United States Treasury Notes 1.88 01/31/2022 2,507,470United States Treasury Notes 2.00 11/15/2021 232,124United States Treasury Notes 2.00 07/31/2022 476,856United States Treasury Notes 2.00 11/15/2026 6,510,820United States Treasury Notes 2.13 12/31/2021 462,709United States Treasury Notes 2.25 12/31/2024 4,614,000United States Treasury Notes 2.25 08/15/2027 3,965,473United States Treasury Notes 2.25 11/15/2027 11,089,547United States Treasury Notes 2.38 04/30/2020 8,957,109United States Treasury Notes 2.63 06/30/2023 2,078,508United States Treasury Notes 2.75 05/31/2023 1,100,468United States Treasury Notes 2.75 06/30/2025 764,485United States Treasury Notes 2.75 02/15/2028 1,227,588United States Treasury Notes 2.88 04/30/2025 5,782,781United States Treasury Notes 2.88 05/15/2028 1,530,194United States Treasury Notes 3.38 11/15/2019 264,774United Technologies Corp. 1.90 05/04/2020 1,084,025UnitedHealth Group, Inc. 2.38 10/15/2022 5,188,020UnitedHealth Group, Inc. 3.75 07/15/2025 898,880Univision Communications, Inc. 5.13 05/15/2023 601,650UPCB Finance IV, Ltd. 5.38 01/15/2025 916,750USA Compression Partners LP/USA Compression Finance Corp. 6.88 04/01/2026 542,151Valeant Pharmaceuticals International, Inc. 5.88 05/15/2023 1,450,355Valeant Pharmaceuticals International, Inc. 7.00 03/15/2024 594,800Valmont Industries, Inc. 5.00 10/01/2044 481,276Verizon Communications, Inc. 4.40 11/01/2034 474,322Verizon Communications, Inc. 5.25 03/16/2037 4,998,651Verizon Owner Trust 3.20 09/20/2022 297,986Vodafone Group PLC 3.75 01/16/2024 567,676Vulcan Materials Co. 4.70 03/01/2048 1,134,235Wal-Mart Stores, Inc. 1.90 12/15/2020 2,632,227Washington Prime Group LP 5.95 08/15/2024 706,149Waterford Gaming LLC/Waterford Gaming Financial Corp. 8.63 09/15/2049 89Weekley Homes LLC/Weekley Finance Corp. 6.00 02/01/2023 965,000Wells Fargo & Co. 3.07 01/24/2023 5,840,875Wells Fargo & Co. 4.40 06/14/2046 127,157Wells Fargo & Co. 4.75 12/07/2046 1,806,689Wells Fargo Bank NA 2.60 01/15/2021 2,063,612Wells Fargo Capital X 5.95 12/01/2086 443,459Western Gas Partners LP 4.65 07/01/2026 958,186Westpac Banking Corp. 3.05 05/15/2020 1,150,100WildHorse Resource Development Corp. 6.88 02/01/2025 606,000William Lyon Homes, Inc. 6.00 09/01/2023 588,000Williams Cos., Inc. 3.70 01/15/2023 2,329,275Williams Cos., Inc. 5.75 06/24/2044 1,239,660World Financial Network Credit Card Master Trust 2.03 04/15/2025 431,586World Financial Network Credit Card Master Trust 2.31 08/15/2024 196,319Wyndham Worldwide Corp. 4.15 04/01/2024 619,763Wyndham Worldwide Corp. 4.50 04/01/2027 702,823XLIT, Ltd. 5.50 03/31/2045 1,029,354

VALIC Company II - High Yield Bond Fund - (unaudited)July 31, 2018

Security Coupon(%) Maturity Date Market Value ($)ACE Cash Express, Inc. 12.00 12/15/2022 730,340AES Corp. 5.13 09/01/2027 4,398,550AK Steel Corp. 7.00 03/15/2027 2,277,000AK Steel Corp. 7.63 10/01/2021 1,149,775Alcoa Nederland Holding BV 6.13 05/15/2028 1,163,900Altice Financing SA 6.63 02/15/2023 606,750Altice Financing SA 7.50 05/15/2026 2,151,656Altice France SA 8.13 02/01/2027 4,432,659Altice Luxembourg SA 7.75 05/15/2022 905,450

Page 15 of 58

Amsurg Corp. 5.63 07/15/2022 2,121,688APX Group Inc 7.63 09/01/2023 1,946,719APX Group, Inc. 7.88 12/01/2022 4,422,925Arch Merger Sub, Inc. 8.50 09/15/2025 2,143,200ARD Finance SA 7.13 09/15/2023 2,328,050ARD Securities Finance SARL 8.75 01/31/2023 345,000Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. 7.25 05/15/2024 880,913Asurion LLC TBD 11/03/2023 3,692,733AV Homes, Inc. 6.63 05/15/2022 3,311,450Avis Budget Car Rental LLC/Avis Budget Finance, Inc. 5.25 03/15/2025 3,284,400Avis Budget Car Rental LLC/Avis Budget Finance, Inc. 5.50 04/01/2023 2,029,100Banco Bilbao Vizcaya Argentaria SA 6.13 12/31/2099 4,048,000Banco Bilbao Vizcaya Argentaria SA 7.00 12/29/2049 1,198,546Banco Bilbao Vizcaya Argentaria SA 8.88 12/29/2049 2,388,106Banco de Sabadell SA 6.50 12/31/2099 5,316,216Beacon Roofing Supply, Inc. 4.88 11/01/2025 1,858,442Beazer Homes USA, Inc. 5.88 10/15/2027 1,368,900Beazer Homes USA, Inc. 6.75 03/15/2025 1,076,300Berry Plastics Corp. 6.00 10/15/2022 2,822,100Blackhawk Network Holdings LLC 5.07 06/15/2025 1,576,969Blue Racer Midstream LLC/Blue Racer Finance Corp. 6.13 11/15/2022 4,111,968BlueLine Rental Finance Corp./BlueLine Rental LLC 9.25 03/15/2024 3,343,031BNP Paribas SA 5.13 12/31/2099 1,648,631BNP Paribas SA 7.63 12/29/2049 1,107,600Bombardier, Inc. 6.13 01/15/2023 4,141,219Boyd Gaming Corp. 6.00 08/15/2026 964,800Boyd Gaming Corp. 6.38 04/01/2026 2,755,638Brand Industrial Services, Inc. 8.50 07/15/2025 2,781,540C.H. Guenther & Son, Inc. 4.83 03/31/2025 494,381Caesars Entertainment Corp. 5.00 10/01/2024 1,293,415Caesars Resort Collection LLC/CRC Finco, Inc. 5.25 10/15/2025 1,997,188California Resources Corp. 8.00 12/15/2022 3,114,600Camelot Finance SA 7.88 10/15/2024 2,098,145Cardtronics, Inc. TBD 12/01/2020 1,274,859Catalent Pharma Solutions, Inc. 4.88 01/15/2026 509,600CCO Holdings LLC/CCO Holdings Capital Corp. 5.13 02/15/2023 149,250CCO Holdings LLC/CCO Holdings Capital Corp. 5.13 05/01/2023 3,685,763CCO Holdings LLC/CCO Holdings Capital Corp. 5.75 09/01/2023 723,938CCO Holdings LLC/CCO Holdings Capital Corp. 5.75 01/15/2024 363,600CCO Holdings LLC/CCO Holdings Capital Corp. 5.75 02/15/2026 3,716,625CCO Holdings LLC/CCO Holdings Capital Corp. 5.88 04/01/2024 1,516,075CDW LLC/CDW Finance Corp. 5.00 09/01/2023 1,424,100CEC Entertainment, Inc. 8.00 02/15/2022 572,595CEMEX Finance LLC 6.00 04/01/2024 2,849,221CenturyLink, Inc. 5.63 04/01/2025 3,915,500CenturyLink, Inc. 7.50 04/01/2024 930,059Cequel Communications Holdings I LLC/Cequel Capital Corp. 5.13 12/15/2021 1,728,685Change Healthcare Holdings LLC/Change Healthcare Finance, Inc. 5.75 03/01/2025 1,828,575Charles River Laboratories International, Inc. 5.50 04/01/2026 607,500Chemours Co. 6.63 05/15/2023 2,367,350Chemours Co. 7.00 05/15/2025 486,850Cineworld, Ltd. 4.58 02/18/2025 1,640,618Clean Harbors, Inc. 5.13 06/01/2021 1,323,300Cloud Crane LLC 10.13 08/01/2024 3,564,000Cloud Peak Energy Resources LLC/Cloud Peak Energy Finance Corp. 12.00 11/01/2021 2,670,125Cobalt International Energy, Inc. 2.63 12/01/2019 1,905Commercial Metals Co. 5.75 04/15/2026 1,032,550Constellium NV 5.88 02/15/2026 2,826,950Continental Resources, Inc. 3.80 06/01/2024 653,241Continental Resources, Inc. 4.50 04/15/2023 422,231Continental Resources, Inc. 5.00 09/15/2022 538,831Credit Agricole SA 8.13 12/29/2049 2,765,700Credit Suisse Group AG 6.25 12/29/2049 4,451,631Crown Americas LLC/Crown Americas Capital Corp. VI 4.75 02/01/2026 1,884,700CSC Holdings LLC 5.25 06/01/2024 1,828,750CSC Holdings LLC 10.88 10/15/2025 1,027,760DAE Funding LLC 4.50 08/01/2022 664,875DAE Funding LLC 5.00 08/01/2024 1,321,463Diamond BC BV 5.08 09/06/2024 845,254Diamond BC BV 5.63 08/15/2025 2,566,569

Page 16 of 58

DISH DBS Corp. 5.00 03/15/2023 1,466,175DISH DBS Corp. 6.75 06/01/2021 5,982,540DISH Network Corp. 3.38 08/15/2026 1,380,852Eagle Intermediate Global Holding BV/Ruyi US Finance LLC 7.50 05/01/2025 2,815,850Eldorado Resorts, Inc. 6.00 04/01/2025 2,721,950Endo, Ltd./Endo Finance LLC/Endo Finco, Inc. 6.00 07/15/2023 4,173,500Endo, Ltd./Endo Finance LLC/Endo Finco, Inc. 6.00 02/01/2025 3,097,650Energen Corp. 4.63 09/01/2021 2,164,575Energizer Gamma Acquisition BV 4.63 07/15/2026 2,692,391Energy Transfer Equity LP 5.50 06/01/2027 3,695,125Energy Transfer Equity LP 7.50 10/15/2020 1,441,125Entegris, Inc. 4.63 02/10/2026 843,275Envision Healthcare Corp. 5.13 07/01/2022 696,469FBM Finance, Inc. 8.25 08/15/2021 1,123,200FelCor Lodging LP 6.00 06/01/2025 4,074,663Ferrellgas LP/Ferrellgas Finance Corp. 6.50 05/01/2021 468,113Ferrellgas LP/Ferrellgas Finance Corp. 6.75 01/15/2022 1,137,545Ferrellgas LP/Ferrellgas Finance Corp. 6.75 06/15/2023 1,074,330First Data Corp. 5.38 08/15/2023 3,350,444First Data Corp. 5.75 01/15/2024 2,469,821First Data Corp. 7.00 12/01/2023 3,395,081First Quantum Minerals, Ltd. 7.00 02/15/2021 3,620,850First Quantum Minerals, Ltd. 7.25 04/01/2023 391,463First Quantum Minerals, Ltd. 7.50 04/01/2025 855,313Fixed Income Clearing Corp. Repurchase Agreement 0.35 08/01/2018 28,030,000Flex Acquisition Co, Inc. 6.88 01/15/2025 3,617,700Flex Acquisition Co., Inc. 7.88 07/15/2026 1,349,246Fly Leasing, Ltd. 5.25 10/15/2024 1,074,450Foresight Energy LLC/Foresight Energy Finance Corp. 11.50 04/01/2023 3,810,975Freedom Mtg. Corp. 8.13 11/15/2024 2,968,875Frontier Communications Corp. 8.50 04/01/2026 1,392,000Garda World Security Corp. 8.75 05/15/2025 2,869,275Gardner Denver, Inc. 4.83 07/30/2024 1,173,107Genworth Hldgs Inc Term Loan 6.58 02/22/2023 356,108Genworth Holdings, Inc. 4.80 02/15/2024 230,100Genworth Holdings, Inc. 4.90 08/15/2023 1,099,575Genworth Holdings, Inc. 7.20 02/15/2021 1,029,006Genworth Holdings, Inc. 7.63 09/24/2021 560,560Genworth Holdings, Inc. 7.70 06/15/2020 89,010GMAC Capital Trust I 811,714goeasy, Ltd. 7.88 11/01/2022 3,029,567Golden Entertainment, Inc. 5.08 10/20/2024 3,536,665Goodyear Tire & Rubber Co. 5.00 05/31/2026 1,529,300Gray Television, Inc. 5.13 10/15/2024 2,390,400Gray Television, Inc. 5.88 07/15/2026 1,036,150Haights Cross Communication, Inc. 0HCA Healthcare, Inc. 6.25 02/15/2021 5,206,250HCA, Inc. 5.38 02/01/2025 2,166,750HCA, Inc. 7.50 11/15/2095 1,788,150Hellas Telecommunications Luxembourg II SCA 6.26 01/15/2049 0Herc Rentals, Inc. 7.50 06/01/2022 1,447,460Herc Rentals, Inc. 7.75 06/01/2024 2,265,320HUB International, Ltd. 5.16-5.34 04/25/2025 1,708,143Infor Software Parent LLC/Infor Software Parent, Inc. 7.13 05/01/2021 600,950Infor US, Inc. 5.75 08/15/2020 167,269Infor US, Inc. 6.50 05/15/2022 4,533,975Intesa Sanpaolo SpA 7.70 12/29/2049 1,370,425ION Media Networks, Inc. 467,252Jack Ohio Finance LLC/Jack Ohio Finance 1 Corp. 6.75 11/15/2021 3,112,988Jacobs Entertainment, Inc. 7.88 02/01/2024 3,155,900Jagged Peak Energy LLC 5.88 05/01/2026 1,547,438Jeld-Wen, Inc. 4.63 12/15/2025 161,500Jeld-Wen, Inc. 4.88 12/15/2027 251,438Kaiser Aluminum Corp. 5.88 05/15/2024 1,983,650KB Home 7.00 12/15/2021 3,061,521KB Home 8.00 03/15/2020 1,552,313Lands' End, Inc. 5.32 04/04/2021 950,840Laredo Petroleum, Inc. 5.63 01/15/2022 3,211,980Liberty Interactive LLC 8.25 02/01/2030 2,797,007M/I Homes, Inc. 5.63 08/01/2025 647,082

Page 17 of 58

M/I Homes, Inc. 6.75 01/15/2021 3,369,138MEG Energy Corp. 6.38 01/30/2023 1,516,200MEG Energy Corp. 6.50 01/15/2025 1,465,788MEG Energy Corp. 7.00 03/31/2024 1,075,463MGIC Investment Corp. 5.75 08/15/2023 701,046Microchip Technology, Inc. 1.63 02/15/2027 1,271,920Microchip Technology, Inc. 2.25 02/15/2037 1,355,928Microchip Technology, Inc. 4.08 05/15/2025 1,293,225Micron Technology, Inc. 5.50 02/01/2025 2,894,500MPH Acquisition Holdings LLC 7.13 06/01/2024 558,900Multi-Color Corp. 4.88 11/01/2025 2,629,463Nationstar Mtg. LLC/Nationstar Capital Corp. 6.50 08/01/2018 2,400,000Navient Corp. 5.88 10/25/2024 4,335,368Navient Corp. 6.50 06/15/2022 2,684,866Netflix, Inc. 5.88 02/15/2025 2,634,764New Gold, Inc. 6.25 11/15/2022 150,800New Gold, Inc. 6.38 05/15/2025 1,474,200New Red Finance, Inc. 5.00 10/15/2025 6,888,619Nokia OYJ 3.38 06/12/2022 279,850Nokia OYJ 4.38 06/12/2027 288,957Northwest Acquisitions ULC/Dominion Finco, Inc. 7.13 11/01/2022 354,113Novelis Corp. 5.88 09/30/2026 1,097,769Novelis Corp. 6.25 08/15/2024 2,927,300OI European Group BV 4.00 03/15/2023 1,030,050Party City Holdings, Inc. 6.13 08/15/2023 2,837,075Peabody Energy Corp. 6.38 03/31/2025 4,962,900Penn National Gaming, Inc. 5.63 01/15/2027 3,222,975PetSmart, Inc. 5.88 06/01/2025 1,856,525Pinnacle Entertainment, Inc. 5.63 05/01/2024 3,315,338Pitney Bowes, Inc. 4.63 03/15/2024 508,013Pitney Bowes, Inc. 4.70 04/01/2023 484,650Plastipak Holdings, Inc. 6.25 10/15/2025 743,175Post Holdings, Inc. 5.00 08/15/2026 3,807,700Post Holdings, Inc. 5.63 01/15/2028 2,832,735Post Holdings, Inc. 5.75 03/01/2027 1,400,400PSAV Holdings LLC 5.35-5.59 02/21/2025 2,830,063QEP Resources, Inc. 5.25 05/01/2023 2,478,260QEP Resources, Inc. 5.38 10/01/2022 209,090QEP Resources, Inc. 5.63 03/01/2026 866,250QEP Resources, Inc. 6.80 03/01/2020 256,025Quebecor Media, Inc. 5.75 01/15/2023 1,453,913Radian Group, Inc. 4.50 10/01/2024 1,231,900Revlon Consumer Products Corp. 6.25 08/01/2024 2,400,900Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC 5.13 07/15/2023 3,062,752Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC 7.00 07/15/2024 2,349,000Rivers Pittsburgh Borrower LP/Rivers Pittsburgh Finance Corp. 6.13 08/15/2021 1,291,875Rowan Cos., Inc. 5.85 01/15/2044 1,378,250Royal Bank of Scotland Group PLC 4.65 12/31/2049 1,718,100Scientific Games International, Inc. 5.00 10/15/2025 336,879Scientific Games International, Inc. 6.63 05/15/2021 2,290,481Scientific Games International, Inc. 10.00 12/01/2022 1,857,450Sensata Technologies BV 5.00 10/01/2025 1,435,000Sensata Technologies BV 5.63 11/01/2024 1,483,625Service Corp. International 4.63 12/15/2027 698,250ServiceNow, Inc. 0.00 06/01/2022 1,406,945Shutterfly, Inc. 4.83 08/17/2024 2,840,714Sinclair Television Group, Inc. 5.13 02/15/2027 941,413Sinclair Television Group, Inc. 5.88 03/15/2026 1,562,216Sinclair Television Group, Inc. 6.13 10/01/2022 610,500SLM Corp. 5.50 01/25/2023 1,668,593SLM Corp. 5.63 08/01/2033 299,250SLM Corp. 6.13 03/25/2024 3,220,950SM Energy Co. 5.00 01/15/2024 3,031,875SM Energy Co. 6.13 11/15/2022 374,125Sotera Health Holdings LLC 6.50 05/15/2023 5,090,225Springleaf Finance Corp. 5.25 12/15/2019 985,763Springleaf Finance Corp. 6.13 05/15/2022 168,713Springleaf Finance Corp. 6.88 03/15/2025 1,136,800Springleaf Finance Corp. 7.75 10/01/2021 2,791,800Springleaf Finance Corp. 8.25 12/15/2020 1,997,213

Page 18 of 58

Sprint Capital Corp. 6.88 11/15/2028 1,193,500Sprint Corp. 7.13 06/15/2024 4,666,120Sprint Corp. 7.25 09/15/2021 4,562,425Sprint Corp. 7.63 02/15/2025 2,525,196Sprint Corp. 7.88 09/15/2023 5,391,943SS&C European Holdings SARL 4.58 04/16/2025 493,633SS&C Technologies, Inc. 4.58 04/16/2025 1,286,912Standard Industries, Inc. 5.38 11/15/2024 2,441,090Station Casinos LLC 5.00 10/01/2025 2,024,063Steel Dynamics, Inc. 4.13 09/15/2025 372,938Steel Dynamics, Inc. 5.13 10/01/2021 925,294Steel Dynamics, Inc. 5.50 10/01/2024 1,154,013Sterigenics-Nordion Topco LLC 8.13 11/01/2021 753,232Sugarhouse HSP Gaming Prop Mezz LP/Sugarhouse HSP Gaming Finance Corp. 5.88 05/15/2025 2,850,125Sunoco LP/Sunoco Finance Corp. 5.50 02/15/2026 570,750Sunoco LP/Sunoco Finance Corp. 5.88 03/15/2028 352,500Syneos Health, Inc. 4.08 08/01/2024 2,003,653Targa Resources Partners LP/Targa Resources Partners Finance Corp. 6.75 03/15/2024 1,740,750TEGNA, Inc. 4.88 09/15/2021 2,978,788TEGNA, Inc. 5.13 10/15/2019 1,969,913Tempo Acquisition LLC/Tempo Acquisition Finance Corp. 6.75 06/01/2025 4,098,808Tervita Escrow Corp. 7.63 12/01/2021 4,425,762Tesla, Inc. 5.30 08/15/2025 885,000Teva Pharmaceutical Finance IV LLC 2.25 03/18/2020 1,673,303Teva Pharmaceutical Finance Netherlands III BV 3.15 10/01/2026 1,266,295Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc. 11.50 10/01/2020 56TOUSA, Inc. 12.25 08/15/2011 0Trans Union LLC 4.08 06/19/2025 1,331,870Transocean, Inc. 6.80 03/15/2038 718,100Transocean, Inc. 7.50 04/15/2031 239,063Transocean, Inc. 9.35 12/15/2041 1,032,413TreeHouse Foods, Inc. 4.88 03/15/2022 2,405,722TreeHouse Foods, Inc. 6.00 02/15/2024 1,230,000Tribune Media Co. 5.88 07/15/2022 3,168,765TriMas Corp. 4.88 10/15/2025 2,704,938Tullow Oil PLC 6.25 04/15/2022 1,731,913UniCredit SpA 8.00 04/03/2049 1,880,091United Rentals North America, Inc. 4.63 10/15/2025 936,050United Rentals North America, Inc. 4.88 01/15/2028 5,950,090United Rentals North America, Inc. 5.88 09/15/2026 1,040,375USIS Merger Sub, Inc. 6.88 05/01/2025 3,451,313Valeant Pharmaceuticals International 8.50 01/31/2027 20,540Valeant Pharmaceuticals International, Inc. 5.50 03/01/2023 1,809,725Valeant Pharmaceuticals International, Inc. 5.88 05/15/2023 12,376,043Valeant Pharmaceuticals International, Inc. 6.13 04/15/2025 1,907,813Valeant Pharmaceuticals International, Inc. 7.00 03/15/2024 482,414Valeant Pharmaceuticals International, Inc. 9.00 12/15/2025 471,344Vantiv LLC/Vanity Issuer Corp. 4.38 11/15/2025 520,438Venture Holdings Co. LLC 11.00 06/01/2049 0Videotron, Ltd. 5.00 07/15/2022 2,773,040Vine Oil & Gas LP / Vine Oil & Gas Finance Corp. 8.75 04/15/2023 3,154,250Vistra Energy Corp. CVR 58,816Warrior Met Coal, Inc. 8.00 11/01/2024 2,930,681Waste Pro USA, Inc. 5.50 02/15/2026 1,045,725Weatherford International, Ltd. 5.95 04/15/2042 475,200Weatherford International, Ltd. 6.50 08/01/2036 1,334,500Weatherford International, Ltd. 7.00 03/15/2038 516,800West Street Merger Sub, Inc. 6.38 09/01/2025 4,444,325Western Digital Corp. 1.50 02/01/2024 1,971,994WMG Acquisition Corp. 5.00 08/01/2023 546,675WMG Acquisition Corp. 5.50 04/15/2026 1,562,220Workday, Inc. 0.25 10/01/2022 1,349,921WPX Energy, Inc. 5.25 09/15/2024 1,411,125WPX Energy, Inc. 5.75 06/01/2026 741,850WPX Energy, Inc. 6.00 01/15/2022 872,538WPX Energy, Inc. 8.25 08/01/2023 1,097,361Zayo Group LLC/Zayo Capital, Inc. 6.00 04/01/2023 3,863,831

Forward Foreign Currency Contracts

Page 19 of 58

Description Settlement Date

Unrealized Appreciation

(Depreciation) ($)SOLD EUR/BOUGHT USD 08/31/2018 7,267

VALIC Company II - International Opportunities Fund - (unaudited)July 31, 2018

Security Coupon(%) Maturity Date Market Value ($)51job, Inc. ADR 1,240,822Aalberts Industries NV 589,120Abcam PLC 8,681,389ABC-Mart, Inc. 1,099,354Admiral Group PLC 494,904Advantech Co., Ltd. 372,541Adyen NV 77,311Aeon Delight Co., Ltd. 588,594AEON Financial Service Co., Ltd. 841,648AEON Thana Sinsap Thailand PCL 742,290Afterpay Touch Group, Ltd. 5,130,565Agnico Eagle Mines, Ltd. 1,312,466Aguas Andinas SA, Class A 511,343Ahlsell AB 861,306Air Water, Inc. 389,175Airtac International Group 2,104,780Ajisen China Holdings, Ltd. 280,693Aker Solutions ASA 1,075,194Alten SA 6,003,262Amadeus Fire AG 1,066,529Amadeus IT Group SA 7,437,973Amano Corp. 771,767Anicom Holdings, Inc. 4,867,064Anima Holding SA 234,118Ansell, Ltd. 1,568,364APA Group 723,768Arca Continental SAB de CV 699,541Asante, Inc. 189,109Ascendas India Trust 1,392,068Ashtead Group PLC 861,760ASM International NV 866,121Astra Agro Lestari Tbk PT 669,672AUB Group, Ltd. 1,496,511Auto Trader Group PLC 2,042,206Autoliv, Inc. SDR 441,136AVI, Ltd. 1,102,668B&M European Value Retail SA 950,947Babcock International Group PLC 779,169Bakkafrost P/F 2,676,423Bank of Ireland Group PLC 435,996Beazley PLC 6,066,947Beiersdorf AG 1,213,282Bellway PLC 327,346Bezeq The Israeli Telecommunication Corp., Ltd. 345,175Bharat Heavy Electricals, Ltd. 847,704Bic Camera, Inc. 3,705,584Bloomberry Resorts Corp. 3,284,200Brenntag AG 1,431,588BRF SA 267,940Britvic PLC 412,320Bunzl PLC 5,982,301Burberry Group PLC 751,343Burford Capital, Ltd. 8,807,283BW Offshore, Ltd. 5,193,309C&C Group PLC 3,937,568Cafe de Coral Holdings, Ltd. 2,257,575Cafe24 Corp. 1,652,817Cairn Homes PLC 667,649Cairn Homes PLC 4,908,821Carlsberg A/S, Class B 951,934

Page 20 of 58

Cellnex Telecom SA 1,596,501CEMEX Latam Holdings SA 255,825Cerved Group SpA 2,904,658CESC, Ltd. 921,438Chiba Bank, Ltd. 1,012,390China Resources Beer Holdings Co., Ltd. 3,480,274China Resources Cement Holdings, Ltd. 9,549,758China Resources Gas Group, Ltd. 1,395,171Chinasoft International, Ltd. 3,951,606Cia de Saneamento Basico do Estado de Sao Paulo 324,381CIE Automotive SA 4,593,794City Developments, Ltd. 1,227,658Clicks Group, Ltd. 1,721,723Cobham PLC 482,523Coca-Cola HBC AG 616,279Compass Group PLC 3,222,231Computershare, Ltd. 1,027,764Concentradora Fibra Danhos SA de CV 488,040Concentradora Fibra Hotelera Mexicana SA de CV 224,609Cosmos Pharmaceutical Corp. 685,213Costa Group Holdings, Ltd. 4,439,209Countryside Properties PLC 3,659,555Coway Co., Ltd. 1,877,942Cranswick PLC 2,541,236Credicorp, Ltd. 1,345,625Croda International PLC 5,728,483CTS Eventim AG & Co. KGaA 2,090,104Cyrela Brazil Realty SA Empreendimentos e Participacoes 245,183Dabur India, Ltd. 1,629,435Daifuku Co., Ltd. 3,420,895Dairy Farm International Holdings, Ltd. 1,901,923Daiseki Co., Ltd. 1,215,905Daiwa Securities Group, Inc. 781,765Dalata Hotel Group PLC 7,024,281Davide Campari-Milano SpA 933,845DCC PLC 2,030,381Dechra Pharmaceuticals PLC 4,784,664Descartes Systems Group, Inc. 5,705,427Deutsche Wohnen SE 775,073Dfds A/S 694,759DKSH Holding AG 200,058Dollarama, Inc. 4,228,248Domino's Pizza Enterprises, Ltd. 636,404Domino's Pizza Group PLC 1,563,043Doshisha Co., Ltd. 178,201DSV A/S 1,829,314Dufry AG 1,094,720DuluxGroup, Ltd. 832,364E.Sun Financial Holding Co., Ltd. 2,298,431Edenred 428,815El.En. SpA 5,121,967Elementis PLC 170,719Elior Group SA 683,710Embraer SA ADR 329,715EMIS Group PLC 348,867Enav SpA 701,275Enerplus Corp. 6,336,110EPAM Systems, Inc. 3,023,346Equatorial Energia SA 484,673Esprit Holdings, Ltd. 92,106Essity AB, Class B 622,201Evolution Gaming Group AB 3,932,364Evotec AG 4,632,452Ezaki Glico Co., Ltd. 1,134,448Fancl Corp. 5,209,988Federal Bank, Ltd. 1,319,700Federal Home Loan Bank 1.76 08/01/2018 9,009,000Fevertree Drinks PLC 12,816,469Fibria Celulose SA 528,388Fincantieri SpA 3,002,150

Page 21 of 58

FinecoBank Banca Fineco SpA 1,619,456Finning International, Inc. 2,018,700Fisher & Paykel Healthcare Corp., Ltd. 402,436Fixed Income Clearing Corp. Repurchase Agreement 0.35 08/01/2018 8,993,000Fletcher Building, Ltd. 509,961Ford Otomotiv Sanayi AS 186,651Formosa Sumco Technology Corp. 3,787,332Forterra PLC 177,243FUCHS PETROLUB SE (Preference Shares) 1,830,498Fuji Seal International, Inc. 3,702,406Fujitsu General, Ltd. 529,855GEA Group AG 1,962,640Geberit AG 857,497Genomma Lab Internacional SAB de CV, Class B 364,614Genting Bhd 1,524,360Georg Fischer AG 6,761,964Gerdau SA (Preference Shares) 419,966Globant SA 399,667GMexico Transportes SAB de CV 466,147GMO Payment Gateway, Inc. 4,151,813GN Store Nord A/S 6,254,529Gourmet Master Co., Ltd. 2,692,628Gran Tierra Energy, Inc. 877,430Greencore Group PLC 157,180Greggs PLC 1,074,736Grupo Aeroportuario del Centro Norte SAB de CV 462,013Grupo Aeroportuario del Sureste SAB de CV ADR 751,034Grupo Financiero Inbursa SAB de CV, Class O 562,958Grupo Supervielle SA ADR 197,800Halma PLC 1,372,729Hana Tour Service, Inc. 1,236,012Hargreaves Lansdown PLC 1,250,612Heian Ceremony Service Co., Ltd. 177,180Hella GmbH & Co. KGaA 1,268,374Henkel AG & Co. KGaA (Preference Shares) 1,157,816Hibernia REIT PLC 4,066,519Hirose Electric Co., Ltd. 597,386Hiscox, Ltd. 4,030,047Hitachi Transport System, Ltd. 560,640Hogy Medical Co., Ltd. 152,450Hotel Shilla Co., Ltd. 3,213,303Howden Joinery Group PLC 668,621Ibstock PLC 4,639,305IG Group Holdings PLC 893,895Iluka Resources, Ltd. 990,468IMCD NV 849,492IMI PLC 838,205Indocement Tunggal Prakarsa Tbk PT 1,087,613Infineon Technologies AG 767,683Infrastrutture Wireless Italiane SpA 609,270Instituto Hermes Pardini SA 355,807Interfor Corp. 5,321,561Intertek Group PLC 2,298,788IPH, Ltd. 897,185Iriso Electronics Co., Ltd. 1,007,114Israel Discount Bank, Ltd., Class A 6,436,038Italgas SpA 1,099,659Japan Exchange Group, Inc. 144,165Japan Meat Co, Ltd. 258,541Japan Pure Chemical Co., Ltd. 52,273Jardine Lloyd Thompson Group PLC 1,467,730Jeol, Ltd. 557,370JGC Corp. 276,736Jollibee Foods Corp. 470,842Julius Baer Group, Ltd. 965,782Just Eat PLC 2,370,431Jyske Bank A/S 1,922,892Kakaku.com, Inc. 339,448Kalbe Farma Tbk PT 1,385,618Kansai Paint Co., Ltd. 1,332,633

Page 22 of 58

KAZ Minerals PLC 6,298,167Kerry Group PLC, Class A 1,306,632Keywords Studios PLC 10,033,763Kikkoman Corp. 678,463Kingdee International Software Group Co., Ltd. 6,314,738Kintetsu World Express, Inc. 312,602Kobayashi Pharmaceutical Co., Ltd. 1,226,157Koenig & Bauer AG 3,322,803Koito Manufacturing Co., Ltd. 2,278,054Kroton Educacional SA 539,478Kusuri no Aoki Holdings Co., Ltd. 4,486,456Learning Technologies Group PLC 2,895,006LEG Immobilien AG 3,209,966Legrand SA 937,809Leroey Seafood Group ASA 3,622,089Linx SA 601,634Lion Corp. 729,020LISI 982,396Localiza Rent a Car SA 350,767Lock&Lock Co., Ltd. 352,512Logitech International SA 4,057,500Lojas Americanas SA (Preference Shares) 685,814Lojas Renner SA 560,288Lonza Group AG 480,705LS Industrial Systems Co., Ltd. 1,943,100Maeda Corp. 4,251,660Mahindra & Mahindra, Ltd. 1,342,828MakeMyTrip, Ltd. 1,425,706Marine Harvest ASA 853,850Matsumotokiyoshi Holdings Co., Ltd. 6,206,654Mayr-Melnhof Karton AG 932,255Meggitt PLC 644,277Meitec Corp. 580,709Melco International Development, Ltd. 6,537,959Melrose Industries PLC 544,520Merlin Entertainments PLC 892,104Metropolitan Bank & Trust Co. 1,523,269Mexichem SAB de CV 317,111Microport Scientific Corp. 2,219,171Midland Holdings, Ltd. 649,933Midland IC&I, Ltd. 46,572Milbon Co., Ltd. 839,088Miraca Holdings, Inc. 159,547Mitsubishi Pencil Co., Ltd. 245,115Mizrahi Tefahot Bank, Ltd. 3,439,126MOIL, Ltd. 877,039Moneysupermarket.com Group PLC 1,229,411MonotaRO Co., Ltd. 1,372,769Morinaga & Co., Ltd. 449,949Movida Participacoes SA 179,410Movida Participacoes SA 2,449MTU Aero Engines AG 1,769,851Multiplan Empreendimentos Imobiliarios SA 381,409Nabtesco Corp. 1,244,254Nakanishi, Inc. 1,637,539NGK Spark Plug Co., Ltd. 1,351,673Nihon Kohden Corp. 787,155Nihon Parkerizing Co., Ltd. 837,182Nippon Television Holdings, Inc. 549,807Nissei ASB Machine Co., Ltd. 717,418Nitori Holdings Co., Ltd. 950,800Nomura Research Institute, Ltd. 2,412,280Norbord, Inc. 3,802,714Norway Royal Salmon ASA 2,296,894NOS SGPS SA 593,021Obara Group, Inc. 405,562OBIC Business Consultants Co., Ltd. 1,158,516OBIC Co., Ltd. 8,108,402Omron Corp. 501,116Orica, Ltd. 1,278,800

Page 23 of 58

Orion Corp. 1,866,600Pacific Textiles Holdings, Ltd. 1,718,218Paddy Power Betfair PLC 2,825,980Parex Resources, Inc. 5,856,269Park24 Co., Ltd. 542,979PChome Online, Inc. 1,207,242Peace Mark Holdings, Ltd. 0Persol Holdings Co., Ltd. 4,435,885PLA Administradora Industrial S de RL de CV 479,064Plastic Omnium SA 457,864Proto Corp. 392,294PT Semen Indonesia Persero Tbk 121,271PTT Global Chemical PCL 844,283Public Bank Bhd 667,825PVR, Ltd. 1,181,264PZ Cussons PLC 66,413Qualicorp SA 117,721Quebecor, Inc., Class B 5,885,278Raia Drogasil SA 332,325Rakuten, Inc. 47,256Ramsay Health Care, Ltd. 811,515Rathbone Brothers PLC 1,625,517Reliance Worldwide Corp., Ltd. 1,937,456Remy Cointreau SA 5,010,985Reply SpA 3,890,391Rightmove PLC 3,219,060Rinnai Corp. 432,542Rocket Internet SE 4,826,684Rotork PLC 5,132,147Royal Unibrew A/S 6,964,340Rumo SA 1,924,450Ryohin Keikaku Co., Ltd. 899,005S Foods, Inc. 451,290Saab AB, Series B 493,346Samsung Fire & Marine Insurance Co., Ltd. 1,179,890San-A Co, Ltd. 381,623Santen Pharmaceutical Co., Ltd. 1,891,394Schroders PLC 2,533,239Scout24 AG 563,862SCREEN Holdings Co., Ltd. 4,034,589SEB SA 1,083,651Seino Holdings Co., Ltd. 4,229,400Senko Group Holdings Co., Ltd. 404,188Seria Co., Ltd. 5,304,500Seven Generations Energy, Ltd., Class A 418,013SG Holdings Co., Ltd. 2,649,074Shaftesbury PLC 406,070Shangri-La Asia, Ltd. 1,216,796Shenguan Holdings Group, Ltd. 39,679Shima Seiki Manufacturing, Ltd. 559,174Shimamura Co., Ltd. 280,868Shimano, Inc. 273,263Shizuoka Bank, Ltd. 526,073Shriram Transport Finance Co., Ltd. 1,629,909Sika AG 3,773,420Silicon Motion Technology Corp. ADR 1,515,708Singapore Technologies Engineering, Ltd. 1,695,872SK Kaken Co., Ltd. 279,032Smith & Nephew PLC 1,683,253SMS Co., Ltd. 3,215,734Sodexo SA 1,241,359SOITEC 4,140,108Somfy SA 310,771Sonic Healthcare, Ltd. 1,121,515Sonova Holding AG 1,566,526Sony Financial Holdings, Inc. 941,152Spectris PLC 553,807SpeedCast International, Ltd. 4,048,517Spirax-Sarco Engineering PLC 1,361,908SSAB AB, Class A 4,244,731

Page 24 of 58

Stagecoach Group PLC 286,337Stanley Electric Co., Ltd. 1,677,445Stella International Holdings, Ltd. 440,868Sundrug Co., Ltd. 1,257,703Suzano Papel e Celulose SA 541,252Swedish Match AB 1,413,030Sydbank A/S 647,322Symrise AG 4,862,023TAG Immobilien AG 4,923,480Taisei Lamick Co, Ltd. 311,678Takeaway.com NV 1,939,616Tata Global Beverages, Ltd. 396,705Tate & Lyle PLC 214,671TechnipFMC PLC 808,817TechnoPro Holdings, Inc. 7,661,927Techtronic Industries Co., Ltd. 1,030,761Teleperformance 6,511,303Temenos AG 6,601,676Terumo Corp. 1,125,998TGS NOPEC Geophysical Co. ASA 4,317,800Thai Beverage PCL 914,695THK Co., Ltd. 3,332,561Tikkurila Oyj 143,889Tingyi Cayman Islands Holding Corp. 2,163,484TK Corp. 457,866TMX Group, Ltd. 1,571,073Tofas Turk Otomobil Fabrikasi AS 123,984Tokai Carbon Co., Ltd. 4,062,074TORC Oil & Gas, Ltd. 242,021Toshiba Plant Systems & Services Corp. 358,683TOTO, Ltd. 373,654Unicharm Corp. 1,997,282UNITE Group PLC 741,438USS Co., Ltd. 2,219,187Valmet Oyj 3,316,899VAT Group AG 378,984Venture Corp., Ltd. 896,753Veoneer, Inc. 222,411Virbac SA 790,147Viscofan SA 903,966Voltronic Power Technology Corp. 993,880VTech Holdings, Ltd. 1,292,503Wessanen 4,775,889Whitbread PLC 838,637William Demant Holding A/S 774,135WiseTech Global, Ltd. 772,223XL Axiata Tbk PT 98,467XL Group, Ltd. 519,115XXL ASA 343,635Yamato Holdings Co., Ltd. 3,364,345Yuanta Financial Holding Co., Ltd. 1,322,943Yum China Holdings, Inc. 1,330,522Zalando SE 374,229Zojirushi Corp. 524,616

VALIC Company II - Large Cap Value Fund - (unaudited)July 31, 2018

Security Coupon(%) Maturity Date Market Value ($)Abbott Laboratories 2,418,557Advance Auto Parts, Inc. 1,004,428Alphabet, Inc., Class A 1,437,075Ameriprise Financial, Inc. 962,005AMETEK, Inc. 976,157Anadarko Petroleum Corp. 3,858,004Apergy Corp. 1,439,633Apple, Inc. 966,483Aptiv PLC 645,987Assurant, Inc. 1,527,986

Page 25 of 58

AT&T, Inc. 3,306,497Athene Holding, Ltd., Class A 1,016,066Bank of America Corp. 6,141,476Bank of New York Mellon Corp. 1,615,222BB&T Corp. 4,006,013Berkshire Hathaway, Inc., Class B 10,316,942Biogen, Inc. 866,687Boston Scientific Corp. 955,465Bristol-Myers Squibb Co. 1,012,791Broadcom, Inc. 1,055,182Capital One Financial Corp. 1,440,644Carlisle Cos., Inc. 1,456,514Cerner Corp. 564,059CF Industries Holdings, Inc. 2,967,700Check Point Software Technologies, Ltd. 1,487,357Chevron Corp. 1,152,214Chubb, Ltd. 2,116,199Cimarex Energy Co. 1,098,601Cisco Systems, Inc. 5,666,564Citigroup, Inc. 4,144,746Citizens Financial Group, Inc. 1,206,408Coca-Cola Co. 988,276Coca-Cola European Partners PLC 959,284Colgate-Palmolive Co. 361,854Comcast Corp., Class A 3,026,380Conagra Brands, Inc. 4,119,743Credit Agricole North America, Inc. 1.87 08/01/2018 3,499,827Crown Holdings, Inc. 2,106,549CVS Health Corp. 1,921,088DaVita, Inc. 898,811Delphi Technologies PLC 1,112,221Delta Air Lines, Inc. 3,148,034Discover Financial Services 1,040,587Dover Corp. 1,039,905DowDuPont, Inc. 4,002,414EOG Resources, Inc. 984,328Equity Residential 1,788,791Euro Time Deposit with State Street Bank and Trust Co. 0.35 08/01/2018 321,000Evergy, Inc. 1,950,642Federal Home Loan Bank 1.72 08/01/2018 300,000FirstEnergy Corp. 2,310,319Freeport-McMoRan, Inc. 1,409,942General Electric Co. 965,604General Motors Co. 1,522,466Gilead Sciences, Inc. 2,013,073Goldman Sachs Group, Inc. 1,530,711Harris Corp. 1,073,660Hartford Financial Services Group, Inc. 6,171,697Hess Corp. 2,252,356Honeywell International, Inc. 3,576,958Humana, Inc. 1,451,826International Business Machines Corp. 3,469,624Invesco, Ltd. 991,532iShares Russell 1000 Value ETF 793,777Johnson & Johnson 2,480,907JPMorgan Chase & Co. 8,189,153Kellogg Co. 3,545,178Kraft Heinz Co. 979,183L3 Technologies, Inc. 1,594,147Laboratory Corp. of America Holdings 1,758,660Las Vegas Sands Corp. 889,906LPL Financial Holdings, Inc. 1,343,831Marathon Petroleum Corp. 4,158,542Martin Marietta Materials, Inc. 2,687,185McKesson Corp. 807,985Medtronic PLC 2,013,843Merck & Co., Inc. 5,536,637Mondelez International, Inc., Class A 1,013,791Mosaic Co. 1,594,234Mylan NV 923,758

Page 26 of 58

Newmont Mining Corp. 1,397,545Noble Energy, Inc. 1,787,393Northrop Grumman Corp. 1,788,216Novartis AG ADR 1,180,725Nutrien, Ltd. 840,092Occidental Petroleum Corp. 6,525,893Omnicom Group, Inc. 1,487,347Oracle Corp. 4,453,121PepsiCo, Inc. 3,324,190Pfizer, Inc. 7,117,363PG&E Corp. 496,626Phillips 66 4,247,336PNC Financial Services Group, Inc. 2,486,007PPL Corp. 3,038,687Procter & Gamble Co. 1,451,472QUALCOMM, Inc. 1,668,583Quanta Services, Inc. 918,902Quest Diagnostics, Inc. 1,887,793Raymond James Financial, Inc. 1,350,128Raytheon Co. 1,958,121RenaissanceRe Holdings, Ltd. 1,061,788Republic Services, Inc. 547,296Schlumberger, Ltd. 3,350,410SunTrust Banks, Inc. 2,915,880Teradata Corp. 870,791Texas Instruments, Inc. 1,875,742Total System Services, Inc. 996,230Twenty-First Century Fox, Inc., Class B 1,539,864Unilever PLC ADR 1,492,465Union Pacific Corp. 643,628United Technologies Corp. 4,243,368UnitedHealth Group, Inc. 1,414,993US Bancorp 4,622,207Valero Energy Corp. 3,710,273Verizon Communications, Inc. 6,856,914Vodafone Group PLC ADR 1,030,265Voya Financial, Inc. 2,462,597Vulcan Materials Co. 2,567,600Walgreens Boots Alliance, Inc. 638,874Wells Fargo & Co. 6,042,090Westlake Chemical Corp. 685,779Xerox Corp. 826,417XL Group, Ltd. 850,760

VALIC Company II - Mid Cap Growth Fund - (unaudited)July 31, 2018

Security Coupon(%) Maturity Date Market Value ($)2U, Inc. 1,614,736Aerie Pharmaceuticals, Inc. 2,015,219Agios Pharmaceuticals, Inc. 2,098,553Akamai Technologies, Inc. 3,003,250Alkermes PLC 1,818,986Alleghany Corp. 1,654,980Alnylam Pharmaceuticals, Inc. 1,313,470AMERCO 2,119,190Aramark 217,335Ball Corp. 2,424,168BeiGene, Ltd. ADR 1,418,088Black Hills Corp. 992,504Black Knight, Inc. 1,522,074Blackbaud, Inc. 2,944,994Bluebird Bio, Inc. 1,741,541Cargurus, Inc. 243,194CarMax, Inc. 2,964,348CDW Corp. 3,881,594Choice Hotels International, Inc. 2,212,298Cimarex Energy Co. 1,177,383Cimpress NV 1,466,397

Page 27 of 58

Cintas Corp. 2,335,775CommScope Holding Co., Inc. 2,537,782Concho Resources, Inc. 1,165,359CoStar Group, Inc. 2,505,912Credit Acceptance Corp. 2,285,105Cullen/Frost Bankers, Inc. 1,914,129Diamondback Energy, Inc. 2,020,814Dun & Bradstreet Corp. 2,045,587East West Bancorp, Inc. 912,057Equity Commonwealth 1,727,645Euro Time Deposit with State Street Bank and Trust Co. 0.35 08/01/2018 519,000F5 Networks, Inc. 1,109,857FactSet Research Systems, Inc. 2,240,130Fairfax Financial Holdings, Ltd. 1,812,004Fastenal Co. 1,970,177First Citizens BancShares, Inc., Class A 1,450,313First Republic Bank 2,546,040FNF Group 1,289,804Genesee & Wyoming, Inc., Class A 2,898,286Genpact, Ltd. 4,665,700Global Payments, Inc. 3,693,084GrubHub, Inc. 1,036,431Guidewire Software, Inc. 2,076,903HEICO Corp., Class A 1,975,069IDEX Corp. 3,818,767II-VI, Inc. 2,036,636Integra LifeSciences Holdings Corp. 1,127,113Ionis Pharmaceuticals, Inc. 2,053,397Ironwood Pharmaceuticals, Inc. 1,437,035JetBlue Airways Corp. 1,596,006KAR Auction Services, Inc. 1,952,457Keysight Technologies, Inc. 2,798,326Lennox International, Inc. 3,804,978Lincoln Electric Holdings, Inc. 2,189,835M&T Bank Corp. 2,515,829Markel Corp. 3,880,890Mettler-Toledo International, Inc. 2,109,336Middleby Corp. 1,169,604MKS Instruments, Inc. 2,093,271Monolithic Power Systems, Inc. 284,731National Instruments Corp. 2,922,434Neurocrine Biosciences, Inc. 1,970,307Newfield Exploration Co. 2,225,771NiSource, Inc. 869,831Northern Trust Corp. 2,066,552NVR, Inc. 2,654,572PACCAR, Inc. 1,351,072Packaging Corp. of America 2,805,339Pinnacle Financial Partners, Inc. 926,375PriceSmart, Inc. 1,248,241Proofpoint, Inc. 910,005Prosperity Bancshares, Inc. 1,484,584PTC, Inc. 1,424,697Redfin Corp. 1,489,845Robert Half International, Inc. 2,269,012Sage Therapeutics, Inc. 2,261,061Seattle Genetics, Inc. 1,453,690Silgan Holdings, Inc. 982,272Silicon Laboratories, Inc. 1,919,097South State Corp. 1,417,208Spark Therapeutics, Inc. 1,425,074Spirit Airlines, Inc. 1,539,861STERIS PLC 2,752,431Teleflex, Inc. 2,530,476Teradata Corp. 2,908,202Total System Services, Inc. 2,090,407TransUnion 4,276,089TripAdvisor, Inc. 2,516,592UGI Corp. 2,755,628Ultragenyx Pharmaceutical, Inc. 2,094,991

Page 28 of 58

Under Armour, Inc., Class C 1,182,569UniFirst Corp. 1,126,830Varian Medical Systems, Inc. 2,077,869Veeva Systems, Inc., Class A 2,154,547VeriSign, Inc. 4,153,868Waste Connections, Inc. 2,071,256Waters Corp. 1,850,590WEX, Inc. 4,903,240White Mountains Insurance Group, Ltd. 1,618,802WPX Energy, Inc. 4,098,279WR Berkley Corp. 1,417,950Zillow Group, Inc., Class A 1,071,030Zillow Group, Inc., Class C 1,860,157

VALIC Company II - Mid Cap Value Fund - (unaudited)July 31, 2018

Security Coupon(%) Maturity Date Market Value ($)Acacia Communications, Inc. 3,537,007Acadia Healthcare Co., Inc. 5,545,677Activision Blizzard, Inc. 3,004,567Air Lease Corp. 2,692,330Alcoa Corp. 3,636,844Alleghany Corp. 7,955,231Alliance Data Systems Corp. 1,974,671Alliant Energy Corp. 11,669,621Allstate Corp. 5,835,992Amdocs, Ltd. 6,072,468American Assets Trust, Inc. 1,945,980American Homes 4 Rent, Class A 1,874,107AMETEK, Inc. 6,828,117Anadarko Petroleum Corp. 4,737,999Andeavor 5,266,506Aon PLC 5,119,567Apergy Corp. 1,951,149Arconic, Inc. 1,449,261Arrow Electronics, Inc. 12,670,513Assurant, Inc. 4,704,185Atento SA 1,902,380Axcelis Technologies, Inc. 2,354,484BancorpSouth Bank 4,184,946Bank OZK 3,941,656Belden, Inc. 1,879,304Berry Global Group, Inc. 1,985,411Booz Allen Hamilton Holding Corp. 4,684,599BorgWarner, Inc. 3,194,524Boston Properties, Inc. 6,246,875Boston Scientific Corp. 1,496,183Brixmor Property Group, Inc. 5,674,864Brookdale Senior Living, Inc. 1,537,076Buzzi Unicem SpA 3,140,343Cabot Corp. 6,358,754Caleres, Inc. 3,235,402CDK Global, Inc. 2,463,278Celanese Corp., Series A 7,701,481Cemex SAB de CV ADR 1,606,570Cimarex Energy Co. 2,993,299Clean Harbors, Inc. 5,597,301CNO Financial Group, Inc. 4,602,091Coca-Cola European Partners PLC 2,361,939Cognizant Technology Solutions Corp., Class A 1,562,681Comerica, Inc. 8,937,189Commercial Metals Co. 3,494,289Corporate Office Properties Trust 6,034,097Crown Holdings, Inc. 2,205,238Cummins, Inc. 3,030,285Curtiss-Wright Corp. 3,861,196D.R. Horton, Inc. 921,109DaVita, Inc. 3,372,316

Page 29 of 58

DCT Industrial Trust, Inc. 2,787,877Delek US Holdings, Inc. 2,355,678Delta Air Lines, Inc. 4,383,912Diamondback Energy, Inc. 16,177,334Discover Financial Services 8,942,531Douglas Emmett, Inc. 3,908,314Dover Corp. 3,642,241DTE Energy Co. 4,030,307Duke Realty Corp. 4,497,147Dun & Bradstreet Corp. 7,119,583DXC Technology Co. 6,430,580E*TRADE Financial Corp. 4,174,200East West Bancorp, Inc. 7,423,153Eaton Corp. PLC 4,652,447eBay, Inc. 3,137,643Edison International 3,092,098Energen Corp. 6,992,578Enerplus Corp. 1,299,627EnerSys 2,920,953Entergy Corp. 5,170,302EQT Corp. 5,537,631Equity LifeStyle Properties, Inc. 2,958,358Equity Residential 4,328,653Everest Re Group, Ltd. 3,687,713Evergy, Inc. 5,306,787Expedia Group, Inc. 2,195,645Extra Space Storage, Inc. 3,506,491Fidelity National Information Services, Inc. 7,033,569Fifth Third Bancorp 6,302,167First Midwest Bancorp, Inc. 3,201,867Five Prime Therapeutics, Inc. 569,553Fixed Income Clearing Corp. Repurchase Agreement 0.35 08/01/2018 6,574,000Flex, Ltd. 1,639,714Fluor Corp. 2,164,646FMC Corp. 8,982,068Forest City Realty Trust, Inc., Class A 1,038,178Genesee & Wyoming, Inc., Class A 6,659,066Goodyear Tire & Rubber Co. 2,709,632Granite Construction, Inc. 4,005,572Graphic Packaging Holding Co. 3,391,215Hanover Insurance Group, Inc. 4,251,487Harris Corp. 13,525,900Hasbro, Inc. 1,833,820Hewlett Packard Enterprise Co. 1,969,588Hill-Rom Holdings, Inc. 4,817,011HP, Inc. 5,301,776Hubbell, Inc. 8,813,115Huntington Bancshares, Inc. 7,354,705Huntington Ingalls Industries, Inc. 2,308,593IAC/InterActiveCorp 2,109,062IBERIABANK Corp. 6,381,498Ichor Holdings, Ltd. 3,321,906ICON PLC 3,807,139Ingersoll-Rand PLC 1,782,932Ingredion, Inc. 2,607,462ITT, Inc. 1,660,884Jagged Peak Energy, Inc. 1,518,417Jardine Lloyd Thompson Group PLC 5,485,617Jazz Pharmaceuticals PLC 1,548,028JELD-WEN Holding, Inc. 3,281,687JetBlue Airways Corp. 4,199,508KAR Auction Services, Inc. 1,540,052KEMET Corp. 2,369,352KeyCorp 3,621,675Keysight Technologies, Inc. 6,424,022Kilroy Realty Corp. 1,723,152KLA-Tencor Corp. 3,063,370Knight-Swift Transportation Holdings, Inc. 2,611,617L3 Technologies, Inc. 2,488,576Laboratory Corp. of America Holdings 4,847,625

Page 30 of 58

Lancashire Holdings, Ltd. 4,367,771Laredo Petroleum, Inc. 1,896,983Lear Corp. 3,120,572Leidos Holdings, Inc. 4,454,005Lennar Corp., Class A 1,591,412Life Storage, Inc. 3,413,585Loews Corp. 2,986,981ManpowerGroup, Inc. 2,671,153Marathon Petroleum Corp. 3,928,580Marsh & McLennan Cos., Inc. 2,055,908Marvell Technology Group, Ltd. 3,292,161Masco Corp. 4,855,208MasTec, Inc. 1,118,829McKesson Corp. 5,269,422Milacron Holdings Corp. 6,216,031Millicom International Cellular SA SDR 5,045,419Moody's Corp. 2,820,058Moog, Inc., Class A 5,074,877Mosaic Co. 2,751,452Navient Corp. 1,681,620NetApp, Inc. 2,886,612NetEase, Inc. ADR 1,907,652Newfield Exploration Co. 7,816,981Noble Energy, Inc. 3,477,452Nomad Foods, Ltd. 2,199,060Nordstrom, Inc. 1,697,141Norwegian Cruise Line Holdings, Ltd. 3,143,535Nutrien, Ltd. 3,213,623Olin Corp. 2,602,871Omnicom Group, Inc. 960,729ON Semiconductor Corp. 612,373Owens Corning 2,937,904PACCAR, Inc. 2,985,528Park Hotels & Resorts, Inc. 5,412,441Parker-Hannifin Corp. 4,967,196PG&E Corp. 1,577,762Pinnacle Financial Partners, Inc. 2,490,313Pinnacle West Capital Corp. 6,709,712Pioneer Natural Resources Co. 4,019,716Post Holdings, Inc. 4,808,495PS Business Parks, Inc. 6,224,060Qorvo, Inc. 1,629,640Raymond James Financial, Inc. 5,137,833Regency Centers Corp. 4,511,303Regions Financial Corp. 4,350,274Reinsurance Group of America, Inc. 13,424,247Reliance Steel & Aluminum Co. 6,633,488Robert Half International, Inc. 5,968,449Sanwa Holdings Corp. 4,762,985Schneider National, Inc., Class B 1,552,585Sensata Technologies Holding PLC 5,056,356Silicon Motion Technology Corp. ADR 7,480,553Skechers U.S.A., Inc., Class A 1,281,523SL Green Realty Corp. 6,140,201SLM Corp. 2,404,567South State Corp. 4,848,323Southwest Airlines Co. 4,380,902Spirit AeroSystems Holdings, Inc., Class A 2,401,001SS&C Technologies Holdings, Inc. 5,237,956State Street Corp. 2,054,267State Street Institutional Liquid Reserves Fund, Administration Class 10,160,991Steel Dynamics, Inc. 4,892,510STERIS PLC 5,633,984Sterling Bancorp 6,049,611STORE Capital Corp. 7,594,399SunTrust Banks, Inc. 6,949,350Synchrony Financial 1,899,651TD Ameritrade Holding Corp. 5,845,816TE Connectivity, Ltd. 6,276,395TechnipFMC PLC 1,873,122

Page 31 of 58

TEGNA, Inc. 2,208,250Teradyne, Inc. 5,245,620Textron, Inc. 4,468,476Timken Co. 2,151,831Toll Brothers, Inc. 2,048,324Torchmark Corp. 1,615,028Tractor Supply Co. 1,595,684Travelers Cos., Inc. 3,081,455UGI Corp. 10,941,898Universal Health Services, Inc., Class B 2,380,217Unum Group 4,544,675US Foods Holding Corp. 6,562,521VeriSign, Inc. 5,425,357Versum Materials, Inc. 1,726,153WABCO Holdings, Inc. 2,893,656WESCO International, Inc. 4,098,163Western Alliance Bancorp 4,804,468Western Digital Corp. 1,148,636Western Union Co. 1,493,513Westlake Chemical Corp. 1,220,592WestRock Co. 2,783,098WPX Energy, Inc. 4,219,233WR Berkley Corp. 4,486,208Wyndham Hotels & Resorts, Inc. 3,176,602Wyndham Worldwide Corp. 2,812,444Xcel Energy, Inc. 6,267,197Xerox Corp. 3,253,989Zimmer Biomet Holdings, Inc. 1,672,554Zions Bancorporation 5,403,012

VALIC Company II - Moderate Growth Lifestyle Fund - (unaudited)July 31, 2018

Security Coupon(%) Maturity Date Market Value ($)VALIC Co. I Blue Chip Growth Fund 20,680,119VALIC Co. I Capital Conservation Fund 31,280,535VALIC Co. I Dividend Value Fund 38,935,242VALIC Co. I Emerging Economies Fund 13,592,652VALIC Co. I Foreign Value Fund 34,959,149VALIC Co. I Global Real Estate Fund 25,362,257VALIC Co. I Inflation Protected Fund 42,927,853VALIC Co. I International Equities Index Fund 43,405,884VALIC Co. I International Government Bond Fund 26,151,242VALIC Co. I International Growth Fund 16,120,566VALIC Co. I Large Cap Core Fund 8,832,817VALIC Co. I Mid Cap Index Fund 34,216,046VALIC Co. I Mid Cap Strategic Growth Fund 10,479,902VALIC Co. I Nasdaq-100 Index Fund 16,889,372VALIC Co. I Science & Technology Fund 23,567,162VALIC Co. I Small Cap Index Fund 7,093,825VALIC Co. I Small Cap Special Values Fund 30,744,824VALIC Co. I Stock Index Fund 53,004,329VALIC Co. I Value Fund 13,216,870VALIC Co. II Capital Appreciation Fund 25,208,708VALIC Co. II Core Bond Fund 75,403,654VALIC Co. II High Yield Bond Fund 42,779,069VALIC Co. II International Opportunities Fund 30,052,353VALIC Co. II Large Cap Value Fund 40,161,806VALIC Co. II Mid Cap Growth Fund 10,757,441VALIC Co. II Mid Cap Value Fund 32,473,909VALIC Co. II Small Cap Growth Fund 16,745,386VALIC Co. II Small Cap Value Fund 49,285,669VALIC Co. II Strategic Bond Fund 144,496,132

VALIC Company II - Small Cap Growth Fund - (unaudited)July 31, 2018

Security Coupon(%) Maturity Date Market Value ($)

Page 32 of 58

2U, Inc. 1,842,624Acadia Healthcare Co., Inc. 1,491,357ACADIA Pharmaceuticals, Inc. 320,255Advanced Disposal Services, Inc. 3,101,839Advanced Drainage Systems, Inc. 2,269,792Adverum Biotechnologies, Inc. 606,206Amedisys, Inc. 2,218,469Applied Industrial Technologies, Inc. 1,870,132Atara Biotherapeutics, Inc. 1,142,909Avrobio, Inc. 805,024Bank OZK 875,096Bellicum Pharmaceuticals, Inc. 559,445Biohaven Pharmaceutical Holding Co., Ltd. 1,310,034BofI Holding, Inc. 1,372,841Boyd Gaming Corp. 3,526,176Bright Horizons Family Solutions, Inc. 2,717,332Burlington Stores, Inc. 966,829Centennial Resource Development, Inc., Class A 677,774Ciena Corp. 1,467,053Clementia Pharmaceuticals, Inc. 493,544Cloudera, Inc. 1,451,864Clovis Oncology, Inc. 578,455Coherus Biosciences, Inc. 833,952Concho Resources, Inc. 29CubeSmart 894,982DocuSign, Inc. 875,498Domo, Inc., Class B 431,312Eagle Materials, Inc. 1,283,403Entegris, Inc. 3,332,853Envestnet, Inc. 3,449,548Euro Time Deposit with State Street Bank and Trust Co. 0.35 08/01/2018 2,525,000Evercore, Inc., Class A 3,286,944Evolent Health, Inc., Class A 1,838,483Evoqua Water Technologies Corp. 1,377,241Exact Sciences Corp. 888,382Ferro Corp. 2,529,987FibroGen, Inc. 1,887,510Floor & Decor Holdings, Inc., Class A 2,359,184Forum Energy Technologies, Inc. 778,467Freshpet, Inc. 1,315,556G1 Therapeutics, Inc. 1,268,294GenMark Diagnostics, Inc. 797,171Global Blood Therapeutics, Inc. 376,451Graco, Inc. 1,880,482Groupon, Inc. 1,446,972Guidewire Software, Inc. 944,235H&E Equipment Services, Inc. 1,648,928Halozyme Therapeutics, Inc. 1,718,088HEICO Corp. 2,421,311Hexcel Corp. 1,683,637Highwoods Properties, Inc. 1,006,804Homology Medicines, Inc. 1,143,664Horizon Pharma PLC 1,882,531HubSpot, Inc. 2,413,993Hudson, Ltd., Class A 2,144,847Inphi Corp. 2,471,907Insmed, Inc. 334,402Instructure, Inc. 1,847,577Insulet Corp. 1,792,597iRhythm Technologies, Inc. 1,863,290ITT, Inc. 2,242,772Jagged Peak Energy, Inc. 1,220,162John Bean Technologies Corp. 2,704,723K2M Group Holdings, Inc. 1,498,845Kirby Corp. 1,693,618Lennox International, Inc. 2,244,607Lithia Motors, Inc., Class A 1,714,302Littelfuse, Inc. 2,062,825Masonite International Corp. 1,431,339MKS Instruments, Inc. 2,531,861

Page 33 of 58

Monolithic Power Systems, Inc. 2,349,365National Vision Holdings, Inc. 3,013,272Nektar Therapeutics 789,526Neurocrine Biosciences, Inc. 1,121,167Nevro Corp. 1,465,517Nutanix, Inc., Class A 1,166,222Okta, Inc. 2,001,689Ollie's Bargain Outlet Holdings, Inc. 3,214,306Optinose, Inc. 1,191,879Oshkosh Corp. 2,103,990Paycom Software, Inc. 2,162,400PennantPark Investment Corp. 969,929Performance Food Group Co. 3,541,944Pluralsight, Inc., Class A 1,331,442Pool Corp. 1,995,775Portola Pharmaceuticals, Inc. 662,515Primo Water Corp. 413,899Proofpoint, Inc. 2,280,886Quantenna Communications, Inc. 1,477,396RE/MAX Holdings, Inc., Class A 1,307,490Red Rock Resorts, Inc., Class A 1,078,153REGENXBIO, Inc. 1,609,378Revance Therapeutics, Inc. 1,397,768RingCentral, Inc., Class A 2,328,214Rubius Therapeutics, Inc. 327,600Rush Enterprises, Inc., Class A 2,275,963Sage Therapeutics, Inc. 935,338Saia, Inc. 2,536,959SailPoint Technologies Holding, Inc. 2,372,239Signature Bank 546,246SiteOne Landscape Supply, Inc. 858,611Smartsheet, Inc., Class A 811,217Spark Therapeutics, Inc. 1,643,266Summit Materials, Inc., Class A 2,263,367Teladoc, Inc. 3,245,845Texas Capital Bancshares, Inc. 2,557,927Texas Roadhouse, Inc. 2,128,705TherapeuticsMD, Inc. 1,337,374TransEnterix, Inc. 845,675Trex Co., Inc. 3,651,681TRI Pointe Group, Inc. 1,187,248Tricida, Inc. 756,966Tyler Technologies, Inc. 1,479,534Wayfair, Inc., Class A 1,210,405WellCare Health Plans, Inc. 1,526,968Winnebago Industries, Inc. 1,264,232WisdomTree Investments, Inc. 392,723Wolverine World Wide, Inc. 2,883,364World Wrestling Entertainment, Inc., Class A 2,437,854Zendesk, Inc. 1,990,061Zscaler, Inc. 962,021

VALIC Company II - Small Cap Value Fund - (unaudited)July 31, 2018

Security Coupon(%) Maturity Date Market Value ($)1st Source Corp. 968,307Abeona Therapeutics, Inc. 249,985Abercrombie & Fitch Co., Class A 97,129ABM Industries, Inc. 692,640Abraxas Petroleum Corp. 866,320Acacia Research Corp. 340,989Acceleron Pharma, Inc. 505,296ACCO Brands Corp. 4,638,720Acorda Therapeutics, Inc. 276,945ADTRAN, Inc. 160,875AG Mtg. Investment Trust, Inc. 943,299AGCO Corp. 860,853AK Steel Holding Corp. 553,748

Page 34 of 58

Alexander & Baldwin, Inc. 681,976Allegiance Bancshares, Inc. 206,770Allscripts Healthcare Solutions, Inc. 1,148,112Alpha & Omega Semiconductor, Ltd. 746,824AMAG Pharmaceuticals, Inc. 1,117,891American Assets Trust, Inc. 2,793,861American Eagle Outfitters, Inc. 815,832American Equity Investment Life Holding Co. 2,286,720American National Bankshares, Inc. 36,270American Renal Associates Holdings, Inc. 1,016,888American States Water Co. 1,220,436Amkor Technology, Inc. 1,577,156Amphastar Pharmaceuticals, Inc. 317,590AngioDynamics, Inc. 448,168Apartment Investment & Management Co., Class A 1,201,834Applied Industrial Technologies, Inc. 89,580ArcBest Corp. 3,836,651Arch Coal, Inc., Class A 2,757,634Archrock, Inc. 1,542,450Arcus Biosciences, Inc. 293,670Ardelyx, Inc. 476,685Argan, Inc. 195,840Argo Group International Holdings, Ltd. 673,976Arlington Asset Investment Corp., Class A 65,224Armada Hoffler Properties, Inc. 949,790ARMOUR Residential REIT, Inc. 401,713Armstrong Flooring, Inc. 43,131Artesian Resources Corp., Class A 62,713Ashford Hospitality Trust, Inc. 2,508,092Associated Capital Group, Inc., Class A 59,600Atlantic Power Corp. 769,560AV Homes, Inc. 90,510Avista Corp. 1,794,578BancFirst Corp. 1,141,398Bancorp, Inc. 854,480BancorpSouth Bank 1,763,440Bank of Hawaii Corp. 1,889,905Bank of Marin Bancorp 53,310Bank of N.T. Butterfield & Son, Ltd. 2,265,268BankFinancial Corp. 328,104Banner Corp. 1,630,923Barrett Business Services, Inc. 1,470,080Beazer Homes USA, Inc. 1,763,937Bel Fuse, Inc., Class B 650,250Benchmark Electronics, Inc. 4,305,688Beneficial Bancorp, Inc. 2,657,818Berkshire Hills Bancorp, Inc. 125,860BGC Partners, Inc., Class A 387,714BJ's Wholesale Club Holdings, Inc. 788,322Bloom Energy Corp. Class A 80,675Bluerock Residential Growth REIT, Inc. 59,605Boise Cascade Co. 320,050Boston Private Financial Holdings, Inc. 86,400Braemar Hotels & Resorts, Inc. 1,017,270Briggs & Stratton Corp. 387,411BrightSphere Investment Group PLC 270,750Brightview Holdings, Inc. 531,591Brinker International, Inc. 1,301,892Brookdale Senior Living, Inc. 458,402Bryn Mawr Bank Corp. 214,940Cadence BanCorp 68,075Caleres, Inc. 542,538California Water Service Group 117,546Cannae Holdings, Inc. 587,650Capstead Mtg. Corp. 2,849,985Carpenter Technology Corp. 1,309,003Cathay General Bancorp, Class B 1,550,891Cato Corp., Class A 1,048,290CBL & Associates Properties, Inc. 281,438Cedar Realty Trust, Inc. 262,752

Page 35 of 58

Central Garden & Pet Co., Class A 2,858,951Central Pacific Financial Corp. 1,805,180Central Valley Community Bancorp 154,728Century Bancorp, Inc., Class A 94,212Charter Financial Corp. 1,054,953Chemours Co. 201,564Chemung Financial Corp. 40,464Cherry Hill Mtg. Investment Corp. 776,864Chesapeake Lodging Trust 432,270Chico's FAS, Inc. 233,160Children's Place, Inc. 2,808,265Ciena Corp. 1,069,340Cirrus Logic, Inc. 1,596,294Citi Trends, Inc. 352,284Citizens & Northern Corp. 75,824City Holding Co. 1,665,936Cleveland-Cliffs, Inc. 808,171CNO Financial Group, Inc. 4,021,343Columbia Banking System, Inc. 613,500Commercial Metals Co. 831,048Community Bank System, Inc. 1,232,110Community Health Systems, Inc. 1,127,584Community Trust Bancorp, Inc. 1,148,266Comtech Telecommunications Corp. 430,080Conn's, Inc. 749,190Consolidated Water Co., Ltd. 216,370Cooper-Standard Holding, Inc. 2,305,080CoreCivic, Inc. 2,928,088CorEnergy Infrastructure Trust, Inc. 482,981CoreSite Realty Corp. 1,782,390Corvus Pharmaceuticals, Inc. 191,478Costamare, Inc. 1,535,808Cousins Properties, Inc. 925,103Covenant Transportation Group, Inc., Class A 310,086CRA International, Inc. 476,256Cross Country Healthcare, Inc. 333,132Curtiss-Wright Corp. 1,529,845Customers Bancorp, Inc. 275,076Cypress Semiconductor Corp. 967,475CYS Investments, Inc. 1,529,252Dana, Inc. 1,342,915Darling Ingredients, Inc. 1,512,777DCT Industrial Trust, Inc. 3,434,443Dean Foods Co. 410,476Deckers Outdoor Corp. 1,861,695Delek US Holdings, Inc. 5,118,720Denbury Resources, Inc. 3,836,657Diamond Offshore Drilling, Inc. 355,200DiamondRock Hospitality Co. 3,272,445Dillard's, Inc., Class A 3,065,511Dime Community Bancshares, Inc. 362,920Diplomat Pharmacy, Inc. 748,080Domtar Corp. 681,831Donnelley Financial Solutions, Inc. 793,520Douglas Dynamics, Inc. 1,895,260DXP Enterprises, Inc. 1,314,612Dynex Capital, Inc. 543,305East West Bancorp, Inc. 503,224EastGroup Properties, Inc. 123,916El Paso Electric Co. 2,909,410EMCOR Group, Inc. 4,539,896Emergent Capital, Inc. 0Enanta Pharmaceuticals, Inc. 614,376Endo International PLC 975,296Endocyte, Inc. 343,168Engility Holdings, Inc. 429,040Ennis, Inc. 258,825Enova International, Inc. 899,000Enterprise Financial Services Corp. 1,496,250EP Energy Corp., Class A 573,250

Page 36 of 58

Epizyme, Inc. 456,660EPR Properties 325,801Eros International PLC 29,590Essendant, Inc. 1,300,466Exterran Corp. 593,208EZCORP, Inc., Class A 323,463Fabrinet 547,680Fair Isaac Corp. 1,998,483Farmers National Banc Corp. 207,675Fate Therapeutics, Inc. 388,455FCB Financial Holdings, Inc., Class A 1,800,300FedNat Holding Co. 267,950Fidelity Southern Corp. 854,301Financial Institutions, Inc. 963,680First American Financial Corp. 907,200First Bancorp, Inc./North Carolina 410,058First BanCorp./Puerto Rico 3,368,556First Business Financial Services, Inc. 187,704First Citizens BancShares, Inc., Class A 870,595First Commonwealth Financial Corp. 3,174,934First Community Bancshares, Inc. 582,287First Defiance Financial Corp. 594,960First Financial Bancorp 1,618,839First Financial Bankshares, Inc. 614,676First Financial Corp. 257,000First Hawaiian, Inc. 599,112First Industrial Realty Trust, Inc. 1,660,636First Interstate BancSystem, Inc., Class A 624,381First Merchants Corp. 1,165,840First Midwest Bancorp, Inc. 344,043First Solar, Inc. 272,220FirstCash, Inc. 828,240Five Prime Therapeutics, Inc. 344,190Fixed Income Clearing Corp. Repurchase Agreement 0.35 08/01/2018 10,305,000Flagstar Bancorp, Inc. 429,030Flushing Financial Corp. 677,160FONAR Corp. 148,770Franklin Financial Network, Inc. 203,580Franklin Street Properties Corp. 447,548FreightCar America, Inc. 95,212Fresh Del Monte Produce, Inc. 437,415Frontier Communications Corp. 902,538FTI Consulting, Inc. 4,437,552FTS International, Inc. 465,600Fulton Financial Corp. 817,185Funko, Inc., Class A 704,156FutureFuel Corp. 540,768GAMCO Investors, Inc., Class A 66,123Gannett Co., Inc. 2,235,555GEO Group, Inc. 5,231,642Getty Realty Corp. 1,611,448Gibraltar Industries, Inc. 390,181Glacier Bancorp, Inc. 1,298,080Gladstone Commercial Corp. 206,336Global Brass & Copper Holdings, Inc. 1,858,380Global Indemnity, Ltd. 69,275Global Medical REIT, Inc. 152,945Graham Corp. 98,531Graphic Packaging Holding Co. 762,970Gray Television, Inc. 259,560Great Southern Bancorp, Inc. 814,890Great Western Bancorp, Inc. 627,750Green Bancorp, Inc. 816,480Green Dot Corp., Class A 214,164Gulfport Energy Corp. 1,586,078Haemonetics Corp. 517,492Hallmark Financial Services, Inc. 110,880Hamilton Beach Brands Holding Co., Class A 447,040Hancock Holding Co. 2,865,305Hanmi Financial Corp. 1,523,040

Page 37 of 58

Harsco Corp. 795,990HC2 Holdings, Inc. 246,228HCI Group, Inc. 500,643Heartland Financial USA, Inc. 693,250Heidrick & Struggles International, Inc. 1,137,020Helen of Troy, Ltd. 458,200Hemisphere Media Group, Inc. 631,200Heritage Commerce Corp. 120,317Heritage Insurance Holdings, Inc. 1,476,620Hersha Hospitality Trust 522,478Hibbett Sports, Inc. 979,965HighPoint Resources Corp. 631,764Highwoods Properties, Inc. 697,362Hilltop Holdings, Inc. 1,331,200HomeStreet, Inc. 275,280HomeTrust Bancshares, Inc. 130,950Hooker Furniture Corp. 445,995Hope Bancorp, Inc. 2,034,189Horace Mann Educators Corp. 471,086Hospitality Properties Trust 642,860Houghton Mifflin Harcourt Co. 796,925Houlihan Lokey, Inc. 221,220Hovnanian Enterprises, Inc., Class A 575,876Hudson Pacific Properties, Inc. 229,542Hudson, Ltd., Class A 561,080Hurco Cos., Inc. 345,540Huron Consulting Group, Inc. 1,370,610Hyster-Yale Materials Handling, Inc. 309,072IBERIABANK Corp. 2,542,860ICF International, Inc. 589,200IDACORP, Inc. 1,338,208Immune Design Corp. 259,920Independent Bank Corp./Massachusetts 512,720Independent Bank Corp./Michigan 683,550InfraREIT, Inc. 1,694,855Insight Enterprises, Inc. 1,880,098Integer Holdings Corp. 121,465InterDigital, Inc. 1,327,445Intra-Cellular Therapies, Inc. 489,708Invesco Mtg. Capital, Inc. 2,131,815Investment Technology Group, Inc. 604,695Investors Bancorp, Inc. 1,746,540Iovance Biotherapeutics, Inc. 586,460K12, Inc. 1,040,496Kadant, Inc. 1,550,430Kaiser Aluminum Corp. 1,730,110Kala Pharmaceuticals, Inc. 185,274KapStone Paper and Packaging Corp. 239,982Karyopharm Therapeutics, Inc. 344,932KB Home 4,016,125KBR, Inc. 2,701,296Kelly Services, Inc., Class A 726,271KEMET Corp. 680,938Kimball Electronics, Inc. 472,120Kimball International, Inc., Class B 130,815Kinsale Capital Group, Inc. 236,900Kite Realty Group Trust 666,365Korn/Ferry International 1,649,500Ladenburg Thalmann Financial Services, Inc. 65,427Lakeland Financial Corp. 289,485Lannett Co., Inc. 204,000Lantheus Holdings, Inc. 862,665LaSalle Hotel Properties 391,008LB Foster Co., Class A 208,675Liberty Expedia Holdings, Inc., Class A 3,632,018Liberty TripAdvisor Holdings, Inc., Class A 1,506,825LifePoint Health, Inc. 2,815,560Lifetime Brands, Inc. 355,995Limelight Networks, Inc. 745,712Louisiana-Pacific Corp. 69,992

Page 38 of 58

LSC Communications, Inc. 1,643,188LTC Properties, Inc. 595,440Mack-Cali Realty Corp. 1,179,882MacroGenics, Inc. 22,715Magellan Health, Inc. 953,025Mallinckrodt PLC 2,272,305Mammoth Energy Services, Inc. 171,212Marlin Business Services Corp. 326,480Matrix Service Co. 265,335MB Financial, Inc. 116,280MBIA, Inc. 1,903,425McDermott International, Inc. 1,036,169MDC Partners, Inc., Class A 202,980Medicines Co. 659,518Mercantile Bank Corp. 95,904Meridian Bancorp, Inc. 812,520Meridian Bioscience, Inc. 428,180Meritor, Inc. 1,827,220Meta Financial Group, Inc. 831,885MGE Energy, Inc. 294,400MGIC Investment Corp. 1,381,536MicroStrategy, Inc., Class A 1,210,395Midland States Bancorp, Inc. 144,824Midstates Petroleum Co., Inc. 161,253Milacron Holdings Corp. 487,890Minerals Technologies, Inc. 1,130,976Minerva Neurosciences, Inc. 394,450Modine Manufacturing Co. 99,465Molina Healthcare, Inc. 1,644,622Momenta Pharmaceuticals, Inc. 692,640Moog, Inc., Class A 1,882,751Movado Group, Inc. 1,907,340MRC Global, Inc. 4,067,940MSG Networks, Inc., Class A 374,445Murphy USA, Inc. 1,355,004Myers Industries, Inc. 169,340MyoKardia, Inc. 401,800MYR Group, Inc. 914,872NACCO Industries, Inc., Class A 280,500National CineMedia, Inc. 124,726National General Holdings Corp. 113,078Nationstar Mtg. Holdings, Inc. 406,692Natural Gas Services Group, Inc. 139,230Navigant Consulting, Inc. 850,816Navigators Group, Inc. 500,905Nelnet, Inc., Class A 764,140NETGEAR, Inc. 579,480NetScout Systems, Inc. 3,242,800New Jersey Resources Corp. 1,299,625New Media Investment Group, Inc. 699,811Nexeo Solutions, Inc. 143,464NexPoint Residential Trust, Inc. 326,196Nine Energy Service, Inc. 852,932Noble Corp. PLC 1,380,576Northfield Bancorp, Inc. 1,516,060Northwest Natural Gas Co. 2,084,800NorthWestern Corp. 1,703,839NOW, Inc. 473,915NRG Yield, Inc., Class C 634,260Ocean Rig UDW, Inc. 330,872Office Depot, Inc. 1,464,083OFG Bancorp 1,688,310Oil States International, Inc. 1,169,150Oppenheimer Holdings, Inc., Class A 295,500Oritani Financial Corp. 62,400Ormat Technologies, Inc. 1,019,900OSI Systems, Inc. 829,504Owens & Minor, Inc. 2,697,467Pacific Mercantile Bancorp 67,620PacWest Bancorp 1,412,940

Page 39 of 58

Party City Holdco, Inc. 126,000Pattern Energy Group, Inc., Class A 735,372Patterson Cos., Inc. 483,044PDC Energy, Inc. 1,580,798Peabody Energy Corp. 1,385,174Pebblebrook Hotel Trust 1,834,980Penn National Gaming, Inc. 1,778,775Pennsylvania Real Estate Investment Trust 826,024PennyMac Financial Services, Inc., Class A 938,350Peoples Bancorp, Inc. 409,286Perficient, Inc. 813,288Perry Ellis International, Inc. 527,152Perspecta, Inc. 611,940Photronics, Inc. 379,800Piedmont Office Realty Trust, Inc., Class A 1,447,896Pier 1 Imports, Inc. 47,952Pinnacle Entertainment, Inc. 3,300,732Piper Jaffray Cos. 201,110Plexus Corp. 326,810PNM Resources, Inc. 55,090Portland General Electric Co. 3,905,496PotlatchDeltic Corp. 252,450Powell Industries, Inc. 641,375Preferred Apartment Communities, Inc., Class A 1,081,188Preferred Bank 1,182,560Premier Financial Bancorp, Inc. 49,901Prestige Brands Holdings, Inc. 828,936Primerica, Inc. 3,111,080ProAssurance Corp. 775,614Progress Software Corp. 1,339,156PS Business Parks, Inc. 971,052Quad/Graphics, Inc. 3,016,152Radian Group, Inc. 622,375Ramaco Resources, Inc. 149,537Rambus, Inc. 1,299,036Ramco-Gershenson Properties Trust 302,450Rayonier Advanced Materials, Inc. 149,732Redwood Trust, Inc. 1,169,976Regis Corp. 649,512Renewable Energy Group, Inc. 341,000Republic Bancorp, Inc., Class A 282,433Retail Opportunity Investments Corp. 259,067REX American Resources Corp. 1,247,400Rexford Industrial Realty, Inc. 392,192Ribbon Communications, Inc. 468,165Riverview Bancorp, Inc. 42,770RLJ Lodging Trust 856,748RR Donnelley & Sons Co. 15,930Ruth's Hospitality Group, Inc. 1,131,134S&T Bancorp, Inc. 142,337Sally Beauty Holdings, Inc. 610,130Sanchez Energy Corp. 248,310Sanderson Farms, Inc. 120,996Sanmina Corp. 759,510Saul Centers, Inc. 90,576Schnitzer Steel Industries, Inc., Class A 395,400Schweitzer-Mauduit International, Inc. 2,941,641Select Income REIT 216,840Selective Insurance Group, Inc. 645,840SemGroup Corp., Class A 593,540Ship Finance International, Ltd. 241,530Shore Bancshares, Inc. 65,688Sierra Bancorp 144,746Simmons First National Corp., Class A 157,284Sinclair Broadcast Group, Inc., Class A 110,940SkyWest, Inc. 1,755,070SMART Global Holdings, Inc. 647,236South State Corp. 215,109Southwest Gas Holdings, Inc. 3,045,108Spark Energy, Inc., Class A 382,185

Page 40 of 58

SpartanNash Co. 1,130,912Speedway Motorsports, Inc. 102,370Spero Therapeutics, Inc. 101,376Spire, Inc. 1,460,640Spok Holdings, Inc. 44,950SPX FLOW, Inc. 665,280SRC Energy, Inc. 279,604STAG Industrial, Inc. 273,200State Bank Financial Corp. 257,890Stewart Information Services Corp. 777,024Stifel Financial Corp. 1,411,328Stock Yards Bancorp, Inc. 104,913Stoneridge, Inc. 1,921,000Summit Hotel Properties, Inc. 581,565Sun Communities, Inc. 436,320SunCoke Energy, Inc. 621,845Sunstone Hotel Investors, Inc. 2,220,399Sykes Enterprises, Inc. 815,650Synaptics, Inc. 856,881Synchronoss Technologies, Inc. 737,078Syntel, Inc. 1,202,479Tailored Brands, Inc. 1,651,104Taubman Centers, Inc. 117,895Tech Data Corp. 5,417,480Territorial Bancorp, Inc. 70,150Third Point Reinsurance, Ltd. 709,380Tier REIT, Inc. 563,349Titan Machinery, Inc. 1,077,968Tivity Health, Inc. 222,420TiVo Corp. 284,310Tocagen, Inc. 340,400Tompkins Financial Corp. 269,721Towne Bank 93,670Travelport Worldwide, Ltd. 2,553,390TRI Pointe Group, Inc. 813,358TriCo Bancshares 1,215,066Trinseo SA 3,458,610Triple-S Management Corp., Class B 1,328,074TriState Capital Holdings, Inc. 211,680Triumph Bancorp, Inc. 272,285Tronc, Inc. 918,068Tronox, Ltd., Class A 195,570TrueBlue, Inc. 1,728,495TrustCo Bank Corp. 308,490Trustmark Corp. 1,946,007TTM Technologies, Inc. 510,384Tutor Perini Corp. 408,850Ultra Clean Holdings, Inc. 610,610UMB Financial Corp. 2,290,415Umpqua Holdings Corp. 2,760,778Union Bankshares Corp. 2,143,749Unisys Corp. 2,201,848Unit Corp. 647,400United Community Banks, Inc. 1,945,944United Community Financial Corp. 180,785United Financial Bancorp, Inc. 243,389United Fire Group, Inc. 126,609United Natural Foods, Inc. 579,600Unitil Corp. 346,188Universal Corp. 1,105,600Universal Forest Products, Inc. 449,448Universal Insurance Holdings, Inc. 1,691,640Urstadt Biddle Properties, Inc., Class A 476,364US Silica Holdings, Inc. 628,168Vanda Pharmaceuticals, Inc. 79,230Vector Group, Ltd. 522,135Vectrus, Inc. 1,228,131Verint Systems, Inc. 624,110Veritiv Corp. 363,850Verso Corp., Class A 1,753,080

Page 41 of 58

Virtus Investment Partners, Inc. 999,375Virtusa Corp. 449,055Vishay Intertechnology, Inc. 3,242,500Vishay Precision Group, Inc. 462,840Vistra Energy Corp. 3,773,273VSE Corp. 1,224,040W&T Offshore, Inc. 1,915,440Wabash National Corp. 2,748,240Walker & Dunlop, Inc. 1,600,020Warrior Met Coal, Inc. 1,350,414Washington Federal, Inc. 1,690,920Washington Prime Group, Inc. 750,428Washington Real Estate Investment Trust 39,637Washington Trust Bancorp, Inc. 320,306Waterstone Financial, Inc. 215,900Watts Water Technologies, Inc., Class A 205,320Webster Financial Corp. 1,032,480WellCare Health Plans, Inc. 1,230,132West Bancorporation, Inc. 139,624Westamerica Bancorporation 2,960,426Weyco Group, Inc. 31,365Windstream Holdings, Inc. 384,243Wintrust Financial Corp. 2,035,336Worthington Industries, Inc. 1,565,661WSFS Financial Corp. 230,996Xenia Hotels & Resorts, Inc. 2,446,317Xperi Corp. 1,531,800YRC Worldwide, Inc. 1,445,416Zogenix, Inc. 414,275Zumiez, Inc. 310,305

Futures Contracts

Description Type Expiration Month

Unrealized Appreciation

(Depreciation) ($)Russell 2000 Mini Index Long September 2018 (101,962)

VALIC Company II - Socially Responsible Fund - (unaudited)July 31, 2018

Security Coupon(%) Maturity Date Market Value ($)Abbott Laboratories 11,163,953AbbVie, Inc. 8,823,829Accenture PLC, Class A 5,874,178Activision Blizzard, Inc. 1,276,040Adobe Systems, Inc. 7,107,220Advanced Micro Devices, Inc. 207,166AES Corp. 491,274Aflac, Inc. 3,045,112Agilent Technologies, Inc. 668,523Air Products & Chemicals, Inc. 1,326,001Alexion Pharmaceuticals, Inc. 1,832,056Align Technology, Inc. 1,583,526Allstate Corp. 3,297,335Alphabet, Inc., Class A 18,645,153Alphabet, Inc., Class C 15,113,500American Airlines Group, Inc. 876,048American Express Co. 5,308,795American Tower Corp. 8,181,069American Water Works Co., Inc. 748,625Ameriprise Financial, Inc. 1,643,303Amgen, Inc. 9,457,986Anadarko Petroleum Corp. 2,401,441Analog Devices, Inc. 2,594,530Aon PLC 582,526Apache Corp. 1,042,728Applied Materials, Inc. 2,913,569Aptiv PLC 1,398,772

Page 42 of 58

Autodesk, Inc. 586,842Automatic Data Processing, Inc. 3,997,054AvalonBay Communities, Inc. 1,435,668Baker Hughes a GE Co., LLC 996,111Bank of New York Mellon Corp. 2,806,908Baxter International, Inc. 3,428,334BB&T Corp. 6,435,798Berkshire Hathaway, Inc., Class B 19,626,527Best Buy Co., Inc. 503,676Biogen, Inc. 3,531,282BlackRock, Inc. 5,508,741Booking Holdings, Inc. 4,317,116Boston Properties, Inc. 482,537Broadcom, Inc. 4,007,827CA, Inc. 501,430Cabot Oil & Gas Corp. 360,937Campbell Soup Co. 745,771Capital One Financial Corp. 5,343,700CarMax, Inc. 253,987Caterpillar, Inc. 6,915,630CBS Corp., Class B 969,602Celgene Corp. 4,049,996Centene Corp. 636,923CenterPoint Energy, Inc. 2,832,963CenturyLink, Inc. 1,751,372Cerner Corp. 941,505CF Industries Holdings, Inc. 700,948Charles Schwab Corp. 2,964,033Chipotle Mexican Grill, Inc. 290,552Chubb, Ltd. 7,473,483Cincinnati Financial Corp. 420,881Cintas Corp. 2,262,162Cisco Systems, Inc. 11,927,937Citizens Financial Group, Inc. 1,054,289Citrix Systems, Inc. 361,471CME Group, Inc. 3,583,223CMS Energy Corp. 2,619,690Cognizant Technology Solutions Corp., Class A 1,816,228Colgate-Palmolive Co. 4,500,057Comcast Corp., Class A 8,385,115Comerica, Inc. 1,288,430Concho Resources, Inc. 298,263Corning, Inc. 2,315,997Crown Castle International Corp. 4,716,038CSX Corp. 3,420,276Cummins, Inc. 1,343,128Danaher Corp. 7,192,397Darden Restaurants, Inc. 662,814Deere & Co. 4,024,293Delta Air Lines, Inc. 1,408,498DENTSPLY SIRONA, Inc. 1,120,097Devon Energy Corp. 1,217,025Digital Realty Trust, Inc. 604,672Discover Financial Services 1,554,381Dollar Tree, Inc. 1,366,918DXC Technology Co. 750,457Eastman Chemical Co. 1,872,310Eaton Corp. PLC 3,205,289eBay, Inc. 543,429Ecolab, Inc. 3,774,981Edwards Lifesciences Corp. 2,021,935Electronic Arts, Inc. 1,264,068Emerson Electric Co. 4,306,298EOG Resources, Inc. 3,680,334EQT Corp. 361,273Equinix, Inc. 1,924,046Equity Residential 954,231Essex Property Trust, Inc. 177,452Eversource Energy 3,489,639Expedia Group, Inc. 343,701

Page 43 of 58

Fastenal Co. 793,320Fidelity National Information Services, Inc. 2,154,592Fifth Third Bancorp 3,310,825Fiserv, Inc. 2,320,708Fixed Income Clearing Corp. Repurchase Agreement 0.35 08/01/2018 15,204,000Ford Motor Co. 3,164,638Fortive Corp. 2,047,157Franklin Resources, Inc. 650,330Garmin, Ltd. 888,976General Mills, Inc. 3,450,355GGP, Inc. 696,524Gilead Sciences, Inc. 4,891,616H&R Block, Inc. 54,748Hanesbrands, Inc. 851,423HCA Healthcare, Inc. 2,293,534HCP, Inc. 1,520,978Hess Corp. 2,857,071Hewlett Packard Enterprise Co. 1,150,836Host Hotels & Resorts, Inc. 1,608,653HP, Inc. 2,275,296Humana, Inc. 2,822,907Huntington Bancshares, Inc. 610,420IHS Markit, Ltd. 894,987Illinois Tool Works, Inc. 4,593,297Illumina, Inc. 1,902,371Incyte Corp. 342,681Intel Corp. 11,699,555Intercontinental Exchange, Inc. 2,258,024International Flavors & Fragrances, Inc. 55,361International Paper Co. 2,069,142Intuit, Inc. 2,358,768Invesco, Ltd. 340,992J.M. Smucker Co. 453,036Jefferies Financial Group, Inc. 1,867,953Johnson Controls International PLC 2,656,158Keurig Dr Pepper, Inc. 234,170KeyCorp 997,127Kimberly-Clark Corp. 1,202,020Kinder Morgan, Inc. 1,799,674KLA-Tencor Corp. 1,120,304Kohl's Corp. 1,352,707Kraft Heinz Co. 2,628,105Kroger Co. 2,745,575L Brands, Inc. 786,144Laboratory Corp. of America Holdings 1,164,784Lam Research Corp. 253,551Lincoln National Corp. 551,678Loews Corp. 2,592,573Lowe's Cos., Inc. 5,725,660LyondellBasell Industries NV, Class A 773,314M&T Bank Corp. 4,810,463Macy's, Inc. 864,326Marathon Oil Corp. 2,643,738Marsh & McLennan Cos., Inc. 1,302,000Martin Marietta Materials, Inc. 238,706Masco Corp. 450,002Mastercard, Inc., Class A 12,731,994Mattel, Inc. 193,614Michael Kors Holdings, Ltd. 264,718Microchip Technology, Inc. 645,882Micron Technology, Inc. 1,912,793Microsoft Corp. 35,232,032Mohawk Industries, Inc. 927,861Monster Beverage Corp. 897,599Moody's Corp. 947,491Mosaic Co. 683,527Motorola Solutions, Inc. 706,330National Oilwell Varco, Inc. 2,290,926NetApp, Inc. 503,182Netflix, Inc. 5,465,340

Page 44 of 58

Newell Brands, Inc. 1,127,296Nielsen Holdings PLC 497,210NiSource, Inc. 891,115Noble Energy, Inc. 680,549Norfolk Southern Corp. 2,796,612Northern Trust Corp. 1,900,428NRG Energy, Inc. 906,902Nucor Corp. 1,019,009NVIDIA Corp. 5,377,126Occidental Petroleum Corp. 11,750,116Omnicom Group, Inc. 1,215,125ONEOK, Inc. 1,682,882Oracle Corp. 10,564,982O'Reilly Automotive, Inc. 1,421,370PACCAR, Inc. 1,792,513Parker-Hannifin Corp. 1,141,933Paychex, Inc. 269,109PayPal Holdings, Inc. 4,634,667Pentair PLC 582,013PepsiCo, Inc. 18,576,640Perrigo Co. PLC 615,817Pioneer Natural Resources Co. 1,129,185PNC Financial Services Group, Inc. 10,546,086PPL Corp. 3,670,362Principal Financial Group, Inc. 619,307Procter & Gamble Co. 13,617,038Prologis, Inc. 2,156,798Prudential Financial, Inc. 4,068,086Public Storage 2,305,731PVH Corp. 926,186Qorvo, Inc. 274,387QUALCOMM, Inc. 5,317,355Quest Diagnostics, Inc. 577,164Ralph Lauren Corp. 663,427Realty Income Corp. 575,881Red Hat, Inc. 170,888Regeneron Pharmaceuticals, Inc. 1,416,102Regions Financial Corp. 1,282,731Republic Services, Inc. 2,874,412Rockwell Automation, Inc. 1,966,754Roper Technologies, Inc. 324,241Ross Stores, Inc. 2,888,425S&P Global, Inc. 3,220,670salesforce.com, Inc. 3,894,649Schlumberger, Ltd. 5,896,994Seagate Technology PLC 762,095Simon Property Group, Inc. 5,734,402Skyworks Solutions, Inc. 368,105Southwest Airlines Co. 1,653,314Stanley Black & Decker, Inc. 1,387,231Starbucks Corp. 5,469,359Stryker Corp. 6,027,027SunTrust Banks, Inc. 3,070,254Synchrony Financial 1,073,732T. Rowe Price Group, Inc. 825,582Tapestry, Inc. 1,049,033TE Connectivity, Ltd. 779,625Texas Instruments, Inc. 8,892,019Thermo Fisher Scientific, Inc. 6,438,083Tiffany & Co. 235,090TJX Cos., Inc. 7,872,905TransDigm Group, Inc. 1,208,863Travelers Cos., Inc. 2,440,646ULTA Beauty, Inc. 575,050Under Armour, Inc., Class C 354,748Union Pacific Corp. 7,366,794United Continental Holdings, Inc. 580,890United Parcel Service, Inc., Class B 7,532,329United States Treasury Bills 1.83 08/23/2018 2,497,132United States Treasury Bills 1.97 11/01/2018 994,889

Page 45 of 58

United States Treasury Bills 2.02 11/29/2018 551,249United States Treasury Bills 2.04 11/29/2018 397,297US Bancorp 11,810,204Valero Energy Corp. 1,066,452Ventas, Inc. 2,061,760Vertex Pharmaceuticals, Inc. 2,288,429Visa, Inc., Class A 16,475,666Vornado Realty Trust 848,296Vulcan Materials Co. 879,536Walgreens Boots Alliance, Inc. 3,665,207Walt Disney Co. 10,528,602Waste Management, Inc. 4,238,460WEC Energy Group, Inc. 2,817,340Welltower, Inc. 1,795,618Western Digital Corp. 759,304WestRock Co. 532,372Weyerhaeuser Co. 3,360,714Whirlpool Corp. 527,022Willis Towers Watson PLC 376,072Wyndham Worldwide Corp. 521,848Xerox Corp. 414,507Yum! Brands, Inc. 2,752,552Zoetis, Inc. 4,960,060

Futures Contracts

Description Type Expiration Month

Unrealized Appreciation

(Depreciation) ($)S&P 500 E-Mini Index Long September 2018 260,184

VALIC Company II - Strategic Bond Fund - (unaudited)July 31, 2018

Security Coupon(%) Maturity Date Market Value ($)ABB Finance USA, Inc. 3.38 04/03/2023 440,573ABN AMRO Bank NV 7.13 07/06/2022 1,516,506ACE INA Holdings, Inc. 2.88 11/03/2022 365,780Actavis, Inc. 3.25 10/01/2022 195,044ADT Corp. 6.25 10/15/2021 1,468,250Advantage Sales & Marketing, Inc. 5.33 07/23/2021 793,522Ahern Rentals, Inc. 7.38 05/15/2023 1,268,120AI Ladder Luxembourg Subco SARL TBD 05/01/2025 462,291AK Steel Corp. 6.38 10/15/2025 1,222,313Akorn, Inc. 6.88 04/16/2021 830,213Albertsons Cos. LLC/Safeway, Inc./New Albertson's, Inc./Albertson's LLC 5.75 03/15/2025 2,451,600Alion Science & Tech Corp. 6.58 08/19/2021 848,521Allergan Sales LLC 4.88 02/15/2021 163,919Alliance Data Systems Corp. 5.88 11/01/2021 1,764,600Allison Transmission, Inc. 5.00 10/01/2024 1,305,743Ally Financial, Inc. 5.13 09/30/2024 919,125Altice Financing SA 7.50 05/15/2026 2,112,712Altice France SA 8.13 02/01/2027 427,946Altice Luxembourg SA 7.63 02/15/2025 2,471,788Alvogen Pharma US, Inc. 6.83 04/02/2022 836,568American Express Co. 2.50 08/01/2022 622,121American Express Credit Account Master Trust 2.41 12/15/2025 474,852American Express Credit Account Master Trust 2.99 12/15/2023 473,659American Tower Corp. 1.95 05/22/2026 471,081AmWINS Group, Inc. 7.75 07/01/2026 1,321,925Anadarko Finance Co. 7.50 05/01/2031 388,929Anadarko Petroleum Corp. 6.45 09/15/2036 326,851Andeavor Logistics LP/Tesoro Logistics Finance Corp. 5.20 12/01/2047 468,283Anglo American Capital PLC 3.25 04/03/2023 1,671,233Anheuser-Busch InBev Finance, Inc. 2.65 02/01/2021 541,821Anheuser-Busch InBev Finance, Inc. 3.65 02/01/2026 367,166Anheuser-Busch InBev Finance, Inc. 4.70 02/01/2036 198,300Anheuser-Busch InBev Finance, Inc. 4.90 02/01/2046 743,035Anheuser-Busch InBev SA/NV 2.75 03/17/2036 445,067

Page 46 of 58

Anheuser-Busch InBev Worldwide, Inc. 4.60 04/15/2048 238,285Apergy Corp. 6.38 05/01/2026 703,956Apple, Inc. 1.38 05/24/2029 949,447Apple, Inc. 2.85 05/06/2021 293,188Arch Merger Sub, Inc. 8.50 09/15/2025 2,176,100Asbury Automotive Group, Inc. 6.00 12/15/2024 960,175Assurant, Inc. 6.75 02/15/2034 264,014Assurant, Inc. 7.00 03/27/2048 561,000Astoria Financial Corp. 3.50 06/08/2020 499,471Asurion LLC 5.08 11/03/2023 814,891Asurion LLC 5.08 08/04/2025 16,981AT&T, Inc. 3.15 09/04/2036 704,468AT&T, Inc. 4.35 06/15/2045 203,769AT&T, Inc. 4.50 05/15/2035 826,955AT&T, Inc. 4.75 05/15/2046 91,690AT&T, Inc. 4.90 08/15/2037 1,112,885Athene Holding, Ltd. 4.13 01/12/2028 754,643Atlas Air, Inc. 7.63 01/02/2019 47,679ATS Consolidated, Inc. 5.84 02/28/2025 909,535Auris Luxembourg III SARL TBD 07/20/2025 51,603AutoNation, Inc. 3.80 11/15/2027 314,213Avis Budget Rental Car Funding AESOP LLC 2.50 07/20/2021 147,798Aviva PLC 6.13 07/05/2043 884,547AXA Equitable Holdings, Inc. 5.00 04/20/2048 116,696BA Credit Card Trust 3.00 09/15/2023 167,696Banco Bilbao Vizcaya Argentaria SA 6.13 12/31/2099 184,000Banco Santander SA 1.13 01/17/2025 1,140,406Banco Santander SA 3.85 04/12/2023 197,862Bank of America Corp. 0.75 07/26/2023 1,165,567Bank of America Corp. 3.55 03/05/2024 484,199Bank of America Corp. 3.86 07/23/2024 432,619Bank of America Corp. 4.18 11/25/2027 1,495,687Bank of America Corp. 6.11 01/29/2037 369,157Bank of China, Ltd. 5.00 11/13/2024 914,602Bank of Nova Scotia 4.65 12/31/2099 645,286Bank of Scotland PLC 9.38 05/15/2021 624,390BankUnited, Inc. 4.88 11/17/2025 1,103,180Barclays Bank PLC 6.63 03/30/2022 833,094Barclays PLC 4.84 05/09/2028 278,272Basin Electric Power Cooperative 4.75 04/26/2047 568,563Bass Pro Group LLC 7.08 09/25/2024 845,809Bayer US Finance II LLC 4.63 06/25/2038 632,936BBVA Bancomer SA 5.13 01/18/2033 364,858Belo Corp. 7.75 06/01/2027 1,399,200Block Communications, Inc. 6.88 02/15/2025 2,137,260BMC Software Finance, Inc. TBD 06/26/2025 267,997BMW US Capital LLC 3.10 04/12/2021 631,970BNP Paribas SA 3.80 01/10/2024 462,602Boise Cascade Co. 5.63 09/01/2024 1,894,838Bombardier, Inc. 5.75 03/15/2022 1,286,400BP Capital Markets PLC 2.97 02/27/2026 1,592,382BP Capital Markets PLC 3.25 05/06/2022 411,439BPCE SA 4.50 03/15/2025 316,148Braskem Netherlands Finance BV 4.50 01/10/2028 276,588Brighthouse Financial, Inc. 4.70 06/22/2047 88,678Brinker International, Inc. 5.00 10/01/2024 1,051,050Brookfield Wec Holdings, Inc. TBD 07/25/2025 14,084BX Trust 2.65 04/15/2035 892,678C&W Senior Financing Designated Activity Co. 6.88 09/15/2027 1,620,920CaixaBank SA 0.75 04/18/2023 1,154,095Calceus Acquisition, Inc. 6.08 02/01/2020 832,250Calfrac Holdings LP 8.50 06/15/2026 1,405,894Callon Petroleum Co. 6.38 07/01/2026 1,472,775Canadian Imperial Bank of Commerce 2.10 10/05/2020 598,037Canadian National Railway Co. 2.85 12/15/2021 274,569Canadian Pacific Railway Co. 6.13 09/15/2115 210,139Capex SA 6.88 05/15/2024 807,759Capital One Financial Corp. 3.75 07/28/2026 250,084Capital One Multi-Asset Execution Trust 1.33 06/15/2022 98,495Carlisle Cos., Inc. 3.75 12/01/2027 263,016

Page 47 of 58

CarMax Auto Owner Trust 1.60 01/18/2022 486,577CarMax Auto Owner Trust 1.60 06/15/2022 169,379Carriage Services, Inc. 6.63 06/01/2026 1,494,675Cascades, Inc. 5.50 07/15/2022 530,988Cascades, Inc. 5.75 07/15/2023 859,320Caterpillar Financial Services Corp. 2.55 11/29/2022 233,616Caterpillar Financial Services Corp. 3.45 05/15/2023 367,175CBS Corp. 3.70 08/15/2024 361,265CCO Holdings LLC/CCO Holdings Capital Corp. 5.00 02/01/2028 522,293CCO Holdings LLC/CCO Holdings Capital Corp. 5.38 05/01/2025 962,850CCO Holdings LLC/CCO Holdings Capital Corp. 5.88 04/01/2024 973,748CDK Global, Inc. 5.88 06/15/2026 1,297,650Celgene Corp. 3.63 05/15/2024 264,784Celgene Corp. 4.55 02/20/2048 197,257Cenovus Energy, Inc. 4.25 04/15/2027 339,621Centene Corp. 5.38 06/01/2026 253,890Central Bank of Tunisia 5.75 01/30/2025 3,463,700Central Garden & Pet Co. 5.13 02/01/2028 1,238,875Centrica PLC 3.00 04/10/2076 939,946CenturyLink, Inc. 4.83 01/31/2025 827,638CenturyLink, Inc. 5.80 03/15/2022 784,019CenturyLink, Inc. 6.75 12/01/2023 1,578,500CH Robinson Worldwide, Inc. 4.20 04/15/2028 273,995Chaparral Energy, Inc 8.75 07/15/2023 1,179,406Charter Communications Operating LLC/Charter Communications Operating Capital 5.38 04/01/2038 46,447Charter Communications Operating LLC/Charter Communications Operating Capital 5.38 05/01/2047 92,226Charter Communications Operating LLC/Charter Communications Operating Capital 5.75 04/01/2048 175,683Charter Communications Operating LLC/Charter Communications Operating Capital 6.38 10/23/2035 169,997Chase Mtg. Finance Trust 3.75 12/25/2045 812,517Cheniere Corpus Christi Holdings LLC 7.00 06/30/2024 2,145,613Cheniere Energy Partners LP 5.25 10/01/2025 1,417,875Chevron Corp. 3.19 06/24/2023 573,509Chevron Phillips Chemical Co. LLC/Chevron Phillips Chemical Co. LP 3.30 05/01/2023 248,950CHI Doors Holding Corp. 5.33 07/29/2022 841,390CHS/Community Health Systems, Inc. 5.13 08/01/2021 1,698,750Chubb INA Holdings, Inc. 2.50 03/15/2038 1,127,879CIMPOR Financial Operations BV 5.75 07/17/2024 744,010Cimpress NV 7.00 06/15/2026 1,685,100Cineworld, Ltd. 4.58 02/28/2025 840,195CIRCOR International, Inc. 5.57 12/11/2024 842,246Cisco Systems, Inc. 2.20 02/28/2021 584,651Citibank Credit Card Issuance Trust 2.88 01/23/2023 141,416Citibank NA 2.13 10/20/2020 416,556Citigroup Commercial Mtg. Trust 4.23 06/10/2051 1,028,872Citigroup, Inc. 2.88 07/24/2023 361,553Citigroup, Inc. 4.45 09/29/2027 1,173,521Citigroup, Inc. 4.65 07/23/2048 293,982Citigroup, Inc. 4.75 05/18/2046 143,577Citigroup, Inc. 6.00 10/31/2033 189,061Citizens Bank NA 2.55 05/13/2021 260,856Citizens Communications Co. 9.00 08/15/2031 1,492,838Citizens Financial Group, Inc. 4.15 09/28/2022 439,249Cleaver-Brooks, Inc. 7.88 03/01/2023 1,168,138Cleveland-Cliffs, Inc. 5.75 03/01/2025 1,406,500CNH Industrial Capital LLC 4.38 04/05/2022 274,706CNH Industrial NV 3.85 11/15/2027 286,678CNH Industrial NV 4.50 08/15/2023 223,665Codelco, Inc. 3.00 07/17/2022 727,928Cogent Communications Group, Inc. 5.38 03/01/2022 909,645Comcast Corp. 3.60 03/01/2024 540,797Comcast Corp. 3.90 03/01/2038 90,502COMM Mtg. Trust 0.98 03/10/2048 129,811Commercial Metals Co. 5.75 04/15/2026 1,128,085Conn's, Inc. 7.25 07/15/2022 1,473,350Consolidated Energy Finance SA 6.88 06/15/2025 1,566,950Continental Resources, Inc. 4.50 04/15/2023 407,987Cooperatieve Rabobank UA 11.00 12/29/2049 332,148Coty, Inc. 6.50 04/15/2026 1,334,156Credit Acceptance Corp. 7.38 03/15/2023 1,022,700Credit Agricole SA 1.88 12/20/2026 829,738

Page 48 of 58

Credit Agricole SA 4.13 01/10/2027 473,062Credit Suisse AG 3.00 10/29/2021 420,526Credit Suisse AG 5.75 09/18/2025 1,944,576Credit Suisse Group AG 4.21 06/12/2024 276,229CRH America Finance, Inc. 3.95 04/04/2028 208,325Crosby US Acquisition Corp. 5.08 11/23/2020 825,188Crown Americas LLC/Crown Americas Capital Corp. VI 4.75 02/01/2026 572,460Crown Cork & Seal Co., Inc. 7.38 12/15/2026 922,320CSC Holdings LLC 4.57 01/25/2026 840,078CSC Holdings LLC 5.50 04/15/2027 1,395,625CSC Holdings LLC 6.75 11/15/2021 901,763CTR Partnership LP/CareTrust Capital Corp. 5.25 06/01/2025 1,714,518CVS Health Corp. 4.78 03/25/2038 356,754CVS Health Corp. 5.05 03/25/2048 232,131CVS Pass-Through Trust 4.70 01/10/2036 160,478CVS Pass-Through Trust 5.77 01/10/2033 108,708CVS Pass-Through Trust 5.93 01/10/2034 236,755Cydsa SAB de CV 6.25 10/04/2027 1,164,625Daimler Finance North America LLC 2.00 07/06/2021 419,853Daimler Finance North America LLC 2.45 05/18/2020 1,087,562Daimler Finance North America LLC 3.10 05/04/2020 756,536Danske Bank A/S 3.88 09/12/2023 309,525DaVita HealthCare Partners, Inc. 5.00 05/01/2025 1,248,813DBCG Mtg. Trust 2.77 06/15/2034 999,999DBGS Mtg. Trust 2.87 05/15/2035 999,994DCP Midstream Operating LP 5.38 07/15/2025 1,171,374Deerfield Holdings Corp. Acquisition 5.58 02/13/2025 285,212Delphi Jersey Holdings PLC 5.00 10/01/2025 1,423,945Diamond 1 Finance Corp./Diamond 2 Finance Corp. 6.02 06/15/2026 1,432,411Diamond 1 Finance Corp./Diamond 2 Finance Corp. 8.10 07/15/2036 869,882Diamond BC BV 5.08 09/06/2024 825,711Diamond U.S. Holdings LLC 6.09 12/23/2024 829,705Diebold Nixdorf, Inc. 8.50 04/15/2024 1,932,000Discover Card Execution Note Trust 2.19 04/17/2023 98,196Discovery Communications LLC 3.50 06/15/2022 355,238Discovery Communications LLC 3.90 11/15/2024 362,743Discovery Communications LLC 5.00 09/20/2037 128,418DISH DBS Corp. 6.75 06/01/2021 1,382,288Dominican Republic 5.88 04/18/2024 508,875Dominican Republic 6.85 01/27/2045 2,851,184Dominican Republic 6.88 01/29/2026 428,164Dominican Republic 7.45 04/30/2044 3,788,750Dominican Republic 8.63 04/20/2027 678,000Dominion Resources, Inc. 5.25 08/01/2033 465,108Dominion Resources, Inc. 5.75 10/01/2054 233,491Domtar Corp. 6.75 02/15/2044 526,723Doncasters Group, Ltd. 5.83 04/09/2020 568,925Donnelley Financial Solutions, Inc. 8.25 10/15/2024 1,912,988Drew Marine Group, Inc. 5.33 11/19/2020 602,778Duke Energy Progress LLC 2.80 05/15/2022 252,916Duravant LLC 5.58 07/19/2024 839,373E.W. Scripps Co. 5.13 05/15/2025 490,230Ecolab, Inc. 2.38 08/10/2022 353,092Ecolab, Inc. 5.38 01/15/2024 1,182,241EDP Finance BV 2.00 04/22/2025 1,209,521EDP Finance BV 3.63 07/15/2024 389,300EG Dutch Finance Co. 6.33 02/06/2025 839,464El Puerto de Liverpool SAB de CV 3.88 10/06/2026 1,220,375Electricite de France SA 2.35 10/13/2020 329,753Electricite de France SA 2.35 10/13/2026 684,482Electricite de France SA 6.00 01/22/2114 34,487Endeavor Energy Resources LP/EER Finance, Inc. 5.50 01/30/2026 1,270,750Endo Finance LLC/Endo Finco, Inc. 5.38 01/15/2023 919,688Endo, Ltd./Endo Finance LLC/Endo Finco, Inc. 6.00 02/01/2025 461,438Enel Finance International NV 3.50 04/06/2028 547,203Enel Finance International NV 3.63 05/25/2027 580,443Energizer Gamma Acquisition, Inc. 6.38 07/15/2026 1,489,875Energy Transfer Equity LP 4.25 03/15/2023 1,283,700Energy Transfer Partners LP 4.90 03/15/2035 106,206Energy Transfer Partners LP 6.05 06/01/2041 28,905

Page 49 of 58

Energy Transfer Partners LP 6.25 12/31/2099 231,190Energy Transfer Partners LP 6.63 10/15/2036 563,401EnerSys 5.00 04/30/2023 1,302,698Engie SA 4.63 12/31/2049 1,327,316EnLink Midstream Partners LP 4.85 07/15/2026 165,325EnLink Midstream Partners LP 5.05 04/01/2045 233,255EnLink Midstream Partners LP 6.00 12/31/2099 208,200Enova International, Inc. 8.50 09/01/2024 1,818,738Enstar Group, Ltd. 4.50 03/10/2022 132,359Entergy Louisiana LLC 168,244Enterprise Products Operating LLC 5.25 08/16/2077 166,711EPR Properties 4.95 04/15/2028 113,542EQT Midstream Partners LP 4.75 07/15/2023 372,558ESH Hospitality, Inc. 5.25 05/01/2025 1,930,499Everi Payments, Inc. 7.50 12/15/2025 1,650,000Exelon Corp. 3.50 06/01/2022 341,415Export Credit Bank of Turkey 4.25 09/18/2022 2,018,250Extraction Oil & Gas, Inc. 5.63 02/01/2026 1,430,750Federal Home Loan Mtg. Corp. 2.50 01/01/2028 209,169Federal Home Loan Mtg. Corp. 2.50 04/01/2028 455,152Federal Home Loan Mtg. Corp. 2.50 03/01/2031 285,347Federal Home Loan Mtg. Corp. 2.50 10/01/2032 2,629,439Federal Home Loan Mtg. Corp. 3.00 10/01/2032 1,034,056Federal Home Loan Mtg. Corp. 3.00 04/01/2043 455,746Federal Home Loan Mtg. Corp. 3.00 11/01/2046 10,248,713Federal Home Loan Mtg. Corp. 3.33 02/01/2037 23,062Federal Home Loan Mtg. Corp. 3.50 03/01/2042 300,162Federal Home Loan Mtg. Corp. 3.50 04/01/2042 563,772Federal Home Loan Mtg. Corp. 3.50 08/01/2042 505,904Federal Home Loan Mtg. Corp. 3.50 09/01/2043 51,244Federal Home Loan Mtg. Corp. 3.50 07/01/2045 5,120,107Federal Home Loan Mtg. Corp. 3.50 11/01/2047 4,244,368Federal Home Loan Mtg. Corp. 3.50 03/01/2048 12,945,629Federal Home Loan Mtg. Corp. 4.00 01/01/2046 351,331Federal Home Loan Mtg. Corp. 4.00 01/01/2047 83,574Federal Home Loan Mtg. Corp. 4.08 11/01/2037 163,667Federal Home Loan Mtg. Corp. 4.50 02/01/2020 2,446Federal Home Loan Mtg. Corp. 4.50 08/01/2020 1,840Federal Home Loan Mtg. Corp. 4.50 03/01/2023 18,038Federal Home Loan Mtg. Corp. 5.00 05/01/2034 68,033Federal Home Loan Mtg. Corp. 5.00 11/01/2043 53,156Federal Home Loan Mtg. Corp. 5.50 06/01/2022 16,771Federal Home Loan Mtg. Corp. 5.50 07/01/2035 19,688Federal Home Loan Mtg. Corp. 6.00 03/01/2040 54,963Federal Home Loan Mtg. Corp. 6.50 02/01/2036 10,521Federal Home Loan Mtg. Corp. 16,618Federal Home Loan Mtg. Corp. REMIC 3.00 09/15/2045 501,262Federal Home Loan Mtg. Corp. REMIC 4.00 11/15/2035 1,391,836Federal Home Loan Mtg. Corp. REMIC 4.73 09/15/2039 16,061Federal National Mtg. Assoc. 2.50 12/01/2026 696,338Federal National Mtg. Assoc. 2.50 02/01/2032 1,278,920Federal National Mtg. Assoc. 3.00 10/01/2027 249,393Federal National Mtg. Assoc. 3.00 12/01/2027 234,589Federal National Mtg. Assoc. 3.00 10/01/2030 361,696Federal National Mtg. Assoc. 3.00 10/01/2032 1,794,378Federal National Mtg. Assoc. 3.00 12/01/2042 155,227Federal National Mtg. Assoc. 3.00 01/01/2047 4,587,564Federal National Mtg. Assoc. 3.00 02/01/2048 4,275,577Federal National Mtg. Assoc. 3.42 09/01/2035 124,591Federal National Mtg. Assoc. 3.48 10/01/2035 147,877Federal National Mtg. Assoc. 3.50 09/01/2026 207,059Federal National Mtg. Assoc. 3.50 08/01/2027 50,259Federal National Mtg. Assoc. 3.50 10/01/2028 224,047Federal National Mtg. Assoc. 3.50 03/01/2033 1,972,616Federal National Mtg. Assoc. 3.50 08/01/2033 4,249,488Federal National Mtg. Assoc. 3.50 08/01/2042 130,696Federal National Mtg. Assoc. 3.50 08/01/2042 126,065Federal National Mtg. Assoc. 3.50 10/01/2045 509,930Federal National Mtg. Assoc. 3.50 11/01/2045 424,069Federal National Mtg. Assoc. 3.50 07/01/2046 5,420,159

Page 50 of 58

Federal National Mtg. Assoc. 3.50 01/01/2047 873,257Federal National Mtg. Assoc. 3.50 04/01/2048 4,039,726Federal National Mtg. Assoc. 3.57 10/01/2040 37,349Federal National Mtg. Assoc. 3.58 10/01/2040 87,881Federal National Mtg. Assoc. 3.58 05/01/2040 155,991Federal National Mtg. Assoc. 3.66 05/01/2037 32,306Federal National Mtg. Assoc. 3.79 07/01/2039 118,203Federal National Mtg. Assoc. 4.00 11/01/2025 110,570Federal National Mtg. Assoc. 4.00 12/01/2040 37,668Federal National Mtg. Assoc. 4.00 01/01/2043 2,184,779Federal National Mtg. Assoc. 4.00 10/01/2043 578,910Federal National Mtg. Assoc. 4.00 10/01/2044 286,256Federal National Mtg. Assoc. 4.00 02/01/2045 3,256,665Federal National Mtg. Assoc. 4.00 06/01/2046 694,330Federal National Mtg. Assoc. 4.00 01/01/2047 27,097Federal National Mtg. Assoc. 4.00 05/01/2047 682,107Federal National Mtg. Assoc. 4.00 07/01/2047 5,545,384Federal National Mtg. Assoc. 4.00 08/01/2047 8,407,016Federal National Mtg. Assoc. 4.05 11/01/2036 66,977Federal National Mtg. Assoc. 4.06 08/01/2035 98,866Federal National Mtg. Assoc. 4.50 06/01/2019 2,281Federal National Mtg. Assoc. 4.50 03/01/2042 272,600Federal National Mtg. Assoc. 4.50 08/01/2045 4,506,784Federal National Mtg. Assoc. 4.50 11/01/2047 2,784,034Federal National Mtg. Assoc. 5.00 01/01/2023 34,042Federal National Mtg. Assoc. 5.00 04/01/2023 28,535Federal National Mtg. Assoc. 5.00 03/01/2037 7,536Federal National Mtg. Assoc. 5.00 05/01/2040 82,727Federal National Mtg. Assoc. 5.00 05/01/2040 122,484Federal National Mtg. Assoc. 5.00 06/01/2040 67,063Federal National Mtg. Assoc. 5.00 07/01/2040 23,232Federal National Mtg. Assoc. 5.00 02/01/2045 630,702Federal National Mtg. Assoc. 5.50 08/01/2037 270,735Federal National Mtg. Assoc. 5.50 06/01/2038 33,141Federal National Mtg. Assoc. 6.00 02/01/2032 3,461Federal National Mtg. Assoc. 6.00 10/01/2034 134Federal National Mtg. Assoc. 6.00 09/01/2038 66,664Federal National Mtg. Assoc. 6.00 11/01/2038 18,849Federal National Mtg. Assoc. 6.00 06/01/2040 15,920Federal National Mtg. Assoc. 6.50 11/01/2037 46,152Federal National Mtg. Assoc. REMIC 3.00 06/25/2045 2,151,949Federal National Mtg. Assoc. REMIC 3.00 12/25/2047 1,169,532Federal National Mtg. Assoc. REMIC 3.00 05/25/2048 2,831,434Federal Republic of Brazil 8.25 01/20/2034 2,497,440Federal Republic of Brazil 8.25 01/20/2034 1,858,560Federative Republic of Brazil 5.00 01/27/2045 1,864,500FedEx Corp. 4.05 02/15/2048 197,573Fibria Overseas Finance, Ltd. 5.50 01/17/2027 1,132,175First Horizon National Corp. 3.50 12/15/2020 711,125First Niagara Financial Group, Inc. 6.75 03/19/2020 469,791First Niagara Financial Group, Inc. 7.25 12/15/2021 913,055First Quality Finance Co., Inc. 5.00 07/01/2025 1,086,705First Quantum Minerals, Ltd. 6.50 03/01/2024 705,969First Quantum Minerals, Ltd. 7.25 04/01/2023 817,053FirstCash, Inc. 5.38 06/01/2024 1,157,185FirstEnergy Corp. 3.90 07/15/2027 346,915FirstEnergy Corp. 4.85 07/15/2047 414,998FirstEnergy Corp. 7.38 11/15/2031 1,205,154Focus Financial Partners LLC 5.23 08/05/2022 843,916Ford Credit Auto Owner Trust 1.73 03/15/2022 111,895Ford Credit Auto Owner Trust/Ford Credit 3.47 01/15/2030 99,996Ford Credit Floorplan Master Owner Trust 2.07 05/15/2022 126,718Ford Credit Floorplan Master Owner Trust 2.48 09/15/2024 242,785Ford Motor Credit Co. LLC 2.34 11/02/2020 765,485Forterra Finance LLC 5.08 10/25/2023 847,590Forum Energy Technologies, Inc. 6.25 10/01/2021 1,403,716Freeport-McMoRan Copper & Gold, Inc. 3.88 03/15/2023 1,307,075Gas Natural Fenosa Finance BV 1.38 01/21/2025 715,166Gas Natural Fenosa Finance BV 3.38 12/29/2049 468,825GATX Corp. 3.25 09/15/2026 209,880

Page 51 of 58

GCP Applied Technologies, Inc. 5.50 04/15/2026 1,424,610GE Capital International Funding Co. ULC 2.34 11/15/2020 595,376GE Capital International Funding Co. ULC 4.42 11/15/2035 501,773General Dynamics Corp. 2.88 05/11/2020 397,443Genesis Energy LP/Genesis Energy Finance Corp. 5.63 06/15/2024 1,308,298Genesis Energy LP/Genesis Energy Finance Corp. 6.00 05/15/2023 667,830GEO Group, Inc. 5.13 04/01/2023 1,017,266Geopark, Ltd. 6.50 09/21/2024 896,732Georgia Power Co. 2.00 09/08/2020 218,516Georgia-Pacific LLC 3.73 07/15/2023 763,685Georgia-Pacific LLC 5.40 11/01/2020 226,709GlaxoSmithKline Capital, Inc. 3.38 05/15/2023 272,913Glencore Canada Financial Corp. 7.38 05/27/2020 430,836Glencore Finance Europe, Ltd. 1.75 03/17/2025 1,268,628GLP Capital LP/GLP Financing II, Inc. 5.38 04/15/2026 1,051,664GM Financial Consumer Automobile Receivables Trust 2.13 03/16/2023 194,545goeasy, Ltd. 7.88 11/01/2022 1,601,418Gol Finance, Inc. 7.00 01/31/2025 857,375Goldcorp, Inc. 3.70 03/15/2023 122,939Golden Nugget, Inc. 8.75 10/01/2025 1,504,375Goldman Sachs Group, Inc. 1.25 05/01/2025 1,042,238Goldman Sachs Group, Inc. 2.13 09/30/2024 860,164Goldman Sachs Group, Inc. 2.91 06/05/2023 490,044Goldman Sachs Group, Inc. 4.02 10/31/2038 414,710Goldman Sachs Group, Inc. 6.13 02/15/2033 531,684Goldman Sachs Group, Inc. 6.75 10/01/2037 441,440Goodpack, Ltd. 6.08 09/09/2022 60,510Goodpack, Ltd. 9.33 09/09/2021 432,900Government National Mtg. Assoc. 3.00 03/20/2046 410,153Government National Mtg. Assoc. 3.50 03/20/2047 474,039Government National Mtg. Assoc. 4.50 10/20/2045 5,042,864Government of Egypt 6.59 02/21/2028 1,812,101Government of Egypt 7.50 01/31/2027 2,812,428Government of Egypt 8.50 01/31/2047 4,472,037Government of Romania 5.13 06/15/2048 4,072,356Government of Ukraine 7.38 09/25/2032 1,950,643Government of Ukraine 7.75 09/01/2027 5,887,272Graham Holdings Co. 5.75 06/01/2026 1,914,250Gray Television, Inc. 5.13 10/15/2024 1,216,320Gray Television, Inc. 5.88 07/15/2026 266,858Great Lakes Dredge & Dock Corp. 8.00 05/15/2022 1,496,040Greatbatch, Ltd. 5.33 10/27/2022 708,042Greystar Real Estate Partners LLC 5.75 12/01/2025 1,270,700Grinding Media, Inc./Moly-Cop AltaSteel, Ltd. 7.38 12/15/2023 1,038,960Grupo KUO SAB De CV 5.75 07/07/2027 716,625Grupo KUO SAB De CV 5.75 07/07/2027 897,000GS Mtg. Securities Trust 2.90 02/10/2048 74,820GTH Finance BV 7.25 04/26/2023 237,049GTH Finance BV 7.25 04/26/2023 342,404H&E Equipment Services, Inc. 5.63 09/01/2025 1,283,750Halliburton Co. 4.85 11/15/2035 99,895Hanwha Life Insurance Co., Ltd. 4.70 04/23/2048 540,505Harland Clarke Holdings Corp. 8.38 08/15/2022 2,503,332Harris Corp. 4.40 06/15/2028 365,626Hayward Industries, Inc. 5.57 08/05/2024 843,041HCA, Inc. 5.25 06/15/2026 1,054,585Helix Acquisition Holdings, Inc. 5.83 09/29/2024 897,646Hellas Telecommunications Luxembourg II SCA 6.26 01/15/2049 0Hess Corp. 5.60 02/15/2041 355,691Hewlett Packard Enterprise Co. 6.20 10/15/2035 93,975Hi-Crush Partners LP 9.50 08/01/2026 1,265,438Hilcorp Energy I LP/Hilcorp Finance Co. 5.00 12/01/2024 1,854,251Holly Energy Partners LP/Holly Energy Finance Corp. 6.00 08/01/2024 2,135,626Houghton Mifflin Harcourt Publishers, Inc. 5.08 05/31/2021 1,286,009HSBC France SA 0.60 03/20/2023 703,440HSBC Holdings PLC 6.00 12/31/2099 543,609HSBC Holdings PLC 6.25 12/31/2099 760,663HUB International, Ltd. 5.16 04/18/2025 233,040Hudbay Minerals, Inc. 7.25 01/15/2023 1,234,500Hughes Satellite Systems Corp. 6.63 08/01/2026 2,024,063

Page 52 of 58

Hungarian Development Bank 6.25 10/21/2020 947,277Huntington Bancshares, Inc. 5.70 12/31/2099 237,000Huntington National Bank 2.38 03/10/2020 264,306Hyundai Capital Services, Inc. 3.00 08/29/2022 369,384Iberdrola Finanzas SA TBD 03/07/2025 1,058,843IBM Credit LLC 1.63 09/06/2019 441,860IBM Credit LLC 2.65 02/05/2021 972,930Infor US, Inc. 6.50 05/15/2022 705,713Ingram Micro, Inc. 5.45 12/15/2024 2,116,670Inmarsat Finance PLC 6.50 10/01/2024 909,525Intel Corp. 2.45 07/29/2020 530,840Intelsat Jackson Holdings SA 5.50 08/01/2023 2,603,600International Game Technology PLC 6.50 02/15/2025 2,228,814International Paper Co. 5.00 09/15/2035 138,154Interpublic Group of Cos., Inc. 4.20 04/15/2024 173,326Intesa Sanpaolo SpA 3.88 01/12/2028 178,635Intesa Sanpaolo SpA 5.71 01/15/2026 470,760ION Media Networks, Inc. 239,694Ion Trading Technologies SARL TBD 11/21/2024 705,881Iron Mountain, Inc. 4.88 09/15/2027 1,181,963iStar, Inc. 5.25 09/15/2022 1,350,375iStar, Inc. 6.00 04/01/2022 617,540Jabil, Inc. 3.95 01/12/2028 38,017JB Poindexter & Co., Inc. 7.13 04/15/2026 1,251,315JBS USA LUX SA/JBS USA Finance, Inc. 5.88 07/15/2024 1,594,401Jefferies Group LLC/Jefferies Group Capital Finance, Inc. 4.15 01/23/2030 190,408John Deere Capital Corp. 2.35 01/08/2021 284,585Johnson & Johnson 1.65 05/20/2035 448,023JPMorgan Chase & Co. 2.55 03/01/2021 866,009JPMorgan Chase & Co. 3.88 07/24/2038 660,661JPMorgan Chase & Co. 4.63 12/31/2099 6,532JPMorgan Chase & Co. 6.13 12/31/2049 504,654Jurassic Holdings III, Inc. 6.88 02/15/2021 1,430,800Kazakhstan Temir Zholy Finance BV 6.95 07/10/2042 7,576,560KCA Deutag UK Finance PLC 9.88 04/01/2022 1,846,790Kennedy-Wilson, Inc. 5.88 04/01/2024 1,955,850KeyBank NA 3.35 06/15/2021 264,922Kimco Realty Corp. 4.25 04/01/2045 142,070Kinder Morgan Energy Partners LP 6.95 01/15/2038 129,993Kinder Morgan, Inc. 5.00 02/15/2021 252,203Kindred Healthcare, Inc. 7.38 06/19/2025 1,576,933Kingdom of Jordan 5.75 01/31/2027 860,706Kingdom of Jordan 5.75 01/31/2027 860,706Kingdom of Saudi Arabia 4.00 04/17/2025 2,997,828Kingdom of Saudi Arabia 5.00 04/17/2049 2,958,300Kinross Gold Corp. 4.50 07/15/2027 185,022Kirby Corp. 4.20 03/01/2028 257,281Korea East-West Power Co., Ltd. 3.88 07/19/2023 207,622Kraft Heinz Foods Co. 4.88 02/15/2025 355,821Kraton Polymers LLC/Kraton Polymers Capital Corp. 7.00 04/15/2025 890,950Kroger Co. 4.65 01/15/2048 344,116Laboratory Corp. of America Holdings 3.25 09/01/2024 402,013Land O'Lakes Capital Trust I 7.45 03/15/2028 830,960Lehman Brothers Holdings Capital Trust VII 10Lehman Brothers Holdings, Inc. 5.50 04/04/2016 2,949Lehman Brothers Holdings, Inc. 6.75 12/28/2017 11Lehman Brothers Holdings, Inc. 7.50 05/11/2038 14LHMC Finco SARL 7.88 12/20/2023 1,543,465LKQ Corp. 4.75 05/15/2023 1,023,719Lonestar Resources America, Inc. 11.25 01/01/2023 1,428,840LPL Holdings, Inc. 5.75 09/15/2025 1,678,100LTI Holdings, Inc. 5.58 05/16/2024 841,132Lubrizol Corp. 6.50 10/01/2034 202,041Macquarie Group, Ltd. 3.76 11/28/2028 111,477Maple Escrow Subsidiary, Inc. 4.06 05/25/2023 188,988Maple Escrow Subsidiary, Inc. 4.42 05/25/2025 506,251Maple Escrow Subsidiary, Inc. 4.60 05/25/2028 268,442Marathon Oil Corp. 6.60 10/01/2037 417,841Martin Marietta Materials, Inc. 4.25 12/15/2047 98,060Masco Corp. 4.45 04/01/2025 384,518

Page 53 of 58

Masco Corp. 4.50 05/15/2047 158,819Massachusetts Electric Co. 4.00 08/15/2046 412,364Massachusetts Mutual Life Insurance Co. 4.50 04/15/2065 110,716MassMutual Global Funding II 2.75 06/22/2024 274,201Mattamy Group Corp. 6.50 10/01/2025 1,395,225McGraw-Hill Global Education Holdings LLC/McGraw-Hill Global Education Finance 7.88 05/15/2024 2,031,225Medallion Midland Acquisition LLC 5.33 10/30/2024 825,010Medco Platinum Road Pte, Ltd. 6.75 01/30/2025 891,594MEDNAX, Inc. 5.25 12/01/2023 2,127,920Medtronic, Inc. 2.50 03/15/2020 429,803MEG Energy Corp. 6.38 01/30/2023 1,859,150MEG Energy Corp. 6.50 01/15/2025 2,128,835MetLife, Inc. 6.40 12/15/2066 388,875Metropolitan Life Global Funding I 2.30 04/10/2019 698,305Millicom International Cellular SA 6.00 03/15/2025 902,123Mitsubishi UFJ Financial Group, Inc. 2.67 07/25/2022 288,905Mitsubishi UFJ Financial Group, Inc. 2.95 03/01/2021 218,915Mitsubishi UFJ Financial Group, Inc. 3.78 03/02/2025 87,276Mizuho Financial Group, Inc. 2.27 09/13/2021 315,862Mizuho Financial Group, Inc. 3.55 03/05/2023 1,091,240MoneyGram International, Inc. 5.58 03/27/2020 807,897Morgan Stanley 1.75 03/11/2024 423,178Morgan Stanley 3.59 07/22/2028 441,147Morgan Stanley 5.00 11/24/2025 1,425,845Mosaic Co. 3.25 11/15/2022 174,275MPT Operating Partnership LP/MPT Finance Corp. 5.00 10/15/2027 1,319,670Multi-Color Corp. 4.88 11/01/2025 1,576,750Multi-Color Corp. 6.13 12/01/2022 950,345MultiPlan, Inc. 5.08 06/07/2023 807,323Mylan, Inc. 2.13 05/23/2025 455,787Mylan, Inc. 5.20 04/15/2048 739,034National Australia Bank, Ltd. 3.63 06/20/2023 454,311National Rural Utilities Cooperative Finance Corp. 2.30 11/01/2020 447,941National Rural Utilities Cooperative Finance Corp. 2.30 09/15/2022 238,274National Rural Utilities Cooperative Finance Corp. 2.40 04/25/2022 162,359National Rural Utilities Cooperative Finance Corp. 4.75 04/30/2043 334,245Nationwide Building Society 4.13 10/18/2032 259,567Nationwide Building Society 6.88 12/29/2049 540,703Natwest Markets PLC 0.63 03/02/2022 404,164Navistar Financial Corp. TBD 08/03/2025 233,612Netflix, Inc. 5.88 02/15/2025 1,409,650Nevada Power Co. 2.75 04/15/2020 267,485New York Life Global Funding 1.95 09/28/2020 611,444Newfield Exploration Co. 5.38 01/01/2026 780,168NGPL PipeCo LLC 4.38 08/15/2022 288,720Nielsen Finance LLC/Nielsen Finance Co. 5.00 04/15/2022 1,452,953NiSource, Inc. 4.38 05/15/2047 122,331Nissan Motor Acceptance Corp. 2.15 09/28/2020 547,829Nissan Motor Acceptance Corp. 2.65 07/13/2022 396,243Noble Holding International, Ltd. 7.75 01/15/2024 910,830Noble Holding International, Ltd. 7.88 02/01/2026 1,034,693Norfolk Southern Corp. 5.10 12/31/2049 337,906Northern Natural Gas Co. 4.30 01/15/2049 159,636Nostrum Oil & Gas Finance BV 7.00 02/16/2025 1,091,820NOVA Chemicals Corp. 5.00 05/01/2025 1,481,138Novartis Finance SA 1.63 11/09/2026 902,699Novelis Corp. 6.25 08/15/2024 1,361,395NRG Yield Operating LLC 5.38 08/15/2024 1,014,900Nufarm Australia, Ltd./Nufarm Americas, Inc. 5.75 04/30/2026 1,392,000Nvent Finance SARL 4.55 04/15/2028 161,664OCI NV 6.63 04/15/2023 1,498,614ONEOK, Inc. 4.00 07/13/2027 288,908Oracle Corp. 2.95 11/15/2024 503,038Oracle Corp. 3.90 05/15/2035 82,939Orange SA 1.38 03/20/2028 465,635Orange SA 5.25 12/29/2049 565,002Oriental Republic of Uruguay 4.38 10/27/2027 512,750Oriental Republic of Uruguay 4.38 10/27/2027 358,925Osum Production Corp. 7.83 07/28/2020 862,320Owens Corning 4.30 07/15/2047 409,227

Page 54 of 58

Owens Corning 4.40 01/30/2048 124,704Owens-Brockway Glass Container, Inc. 5.38 01/15/2025 1,566,180Party City Holdings, Inc. 6.63 08/01/2026 891,223Pattern Energy Group, Inc. 5.88 02/01/2024 1,731,893PBF Holding Co. LLC/PBF Finance Corp. 7.25 06/15/2025 1,270,148Penske Truck Leasing Co. LP/PTL Finance Corp. 3.95 03/10/2025 416,942Pertamina Persero PT 4.30 05/20/2023 4,537,747Pertamina Persero PT 4.88 05/03/2022 612,664Petkim Petrokimya Holding AS 5.88 01/26/2023 832,566Petra Diamonds US Treasury PLC 7.25 05/01/2022 496,600Petrobras Global Finance BV 6.00 01/27/2028 889,428Petroleos del Peru SA 5.63 06/19/2047 1,954,290Petroleos Mexicanos 4.88 01/24/2022 1,007,110Petroleos Mexicanos 6.63 06/15/2035 2,905,500Petroleos Mexicanos 6.75 09/21/2047 4,162,837Petronas Capital, Ltd. 7.88 05/22/2022 1,372,348Pi US Mergerco, Inc. 5.58 12/20/2024 212,882Pilgrim's Pride Corp. 5.88 09/30/2027 1,202,925Pioneer Energy Services Corp. 6.13 03/15/2022 1,222,850Pods LLC 5.05 12/06/2024 841,291Prudential Financial, Inc. 4.50 09/15/2047 137,080Prudential Financial, Inc. 5.63 06/15/2043 698,176PT Pelabuhan Indonesia II 4.25 05/05/2025 459,563PT Pelabuhan Indonesia II 4.25 05/05/2025 3,192,750Public Service Co. of Colorado 3.70 06/15/2028 366,335Public Service Co. of Colorado 4.10 06/15/2048 252,680QEP Resources, Inc. 5.63 03/01/2026 1,602,563QUALCOMM, Inc. 3.45 05/20/2025 348,715Quicken Loans, Inc. 5.75 05/01/2025 1,768,788Qwest Corp. 176,704Rackspace Hosting, Inc. 5.36 11/03/2023 836,235Realogy Group LLC/Realogy Co-Issuer Corp. 4.88 06/01/2023 1,484,945Regions Financial Corp. 2.75 08/14/2022 371,935Regions Financial Corp. 7.38 12/10/2037 1,541,073RentPath LLC 11.06 12/17/2022 1,677,519Republic of Angola 9.38 05/08/2048 2,224,622Republic of Argentina 2.50 12/31/2038 2,771,500Republic of Argentina 5.88 01/11/2028 610,813Republic of Argentina 6.88 01/11/2048 940,812Republic of Argentina 7.63 04/22/2046 254,403Republic of Argentina 8.28 12/31/2033 2,547,328Republic of Colombia 4.00 02/26/2024 3,009,000Republic of Colombia 4.38 07/12/2021 512,000Republic of Colombia 8.13 05/21/2024 3,984,750Republic of Croatia 6.38 03/24/2021 3,887,250Republic of Ecuador 7.88 01/23/2028 2,379,000Republic of Ecuador 9.63 06/02/2027 2,715,390Republic of Ecuador 9.65 12/13/2026 1,712,750Republic of Ecuador 10.75 03/28/2022 1,622,250Republic of Guatemala 4.88 02/13/2028 1,493,835Republic of Honduras 6.25 01/19/2027 4,314,492Republic of Hungary 5.38 02/21/2023 1,278,000Republic of Hungary 6.38 03/29/2021 2,037,750Republic of Indonesia 3.70 01/08/2022 1,496,057Republic of Indonesia 5.88 01/15/2024 433,331Republic of Indonesia 5.88 01/15/2024 216,666Republic of Ireland 2.00 02/18/2045 546,976Republic of Ivory Coast 6.13 06/15/2033 1,193,980Republic of Ivory Coast 6.13 06/15/2033 3,030,872Republic of Ivory Coast 6.38 03/03/2028 729,456Republic of Lithuania 6.63 02/01/2022 885,960Republic of Lithuania 7.38 02/11/2020 1,358,259Republic of Namibia 5.25 10/29/2025 1,158,480Republic of Nigeria 7.14 02/23/2030 1,294,631Republic of Nigeria 7.63 11/28/2047 1,589,726Republic of Panama 3.75 03/16/2025 1,545,350Republic of Poland 5.13 04/21/2021 1,890,000Republic of Senegal 6.25 05/23/2033 2,073,667Republic of Senegal 6.75 03/13/2048 1,538,670Republic of South Africa 4.67 01/17/2024 848,057

Page 55 of 58

Republic of South Africa 5.65 09/27/2047 1,404,375Republic of South Africa 6.25 03/08/2041 2,045,064Republic of Sri Lanka 5.75 04/18/2023 2,865,768Republic of Sri Lanka 6.83 07/18/2026 551,401Republic of Sri Lanka 6.83 07/18/2026 2,807,132Republic of Sri Lanka 6.85 11/03/2025 705,257Republic of Sri Lanka 6.85 11/03/2025 453,380Republic of the Philippines 4.00 01/15/2021 2,786,402Republic of Turkey 5.75 05/11/2047 740,924Republic of Turkey 6.63 02/17/2045 130,466Republic of Turkey 6.63 02/17/2045 2,435,356Republic of Turkey 8.00 02/14/2034 927,819Roche Holdings, Inc. 1.75 01/28/2022 214,619Royal Bank of Scotland Group PLC 1.75 03/02/2026 779,066Royal Bank of Scotland Group PLC 2.50 03/22/2023 524,207Royal Bank of Scotland Group PLC 3.50 05/15/2023 194,811Royal Bank of Scotland Group PLC 3.88 09/12/2023 196,916Royal Bank of Scotland Group PLC 4.52 06/25/2024 369,772Royal Bank of Scotland Group PLC 8.00 12/29/2049 260,219RPM International, Inc. 4.25 01/15/2048 35,507Rumo Luxembourg SARL 7.38 02/09/2024 902,190Russian Federation 4.38 03/21/2029 2,151,182Russian Federation 4.38 03/21/2029 977,810Russian Federation 4.75 05/27/2026 7,096,250Sabra Health Care LP 5.13 08/15/2026 671,853Sanchez Energy Corp. 6.13 01/15/2023 536,648Santander Holdings USA, Inc. 3.40 01/18/2023 599,528Seagate HDD Cayman 4.75 01/01/2025 1,988,701SemGroup Corp./Rose Rock Finance Corp. 5.63 07/15/2022 2,146,315SFR Group SA 7.38 05/01/2026 1,626,494Shelf Drilling Holdings, Ltd. 8.25 02/15/2025 1,428,000Shire Acquisitions Investments Ireland DAC 2.88 09/23/2023 230,476Siemens Financieringsmaatschappij NV 2.20 03/16/2020 772,432Siemens Financieringsmaatschappij NV 2.88 03/10/2028 819,466Sinopec Group Overseas Development 2015, Ltd. 2.50 04/28/2020 1,968,574Sirius XM Radio, Inc. 5.38 07/15/2026 1,282,163SK Telecom Co., Ltd. 3.75 04/16/2023 197,898SLM Corp. 5.63 08/01/2033 1,957,095Smart & Final Stores LLC 5.58 11/15/2022 823,875Smithfield Foods, Inc. 2.65 10/03/2021 133,354Societe Generale SA 7.88 12/29/2049 581,994Solvay SA 1.63 12/02/2022 1,227,484South Carolina Electric & Gas Co. 4.35 02/01/2042 160,604South Carolina Electric & Gas Co. 5.10 06/01/2065 574,738Southern California Edison Co. 4.13 03/01/2048 231,755Southwestern Energy Co. 7.50 04/01/2026 1,289,063Springleaf Finance Corp. 6.88 03/15/2025 964,250Sprint Corp. 7.25 09/15/2021 2,202,369Sprint Corp. 7.88 09/15/2023 5,633,198Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC 4.74 03/20/2025 724,525Standard Chartered PLC 1.63 10/03/2027 864,629Standard Industries, Inc. 6.00 10/15/2025 1,442,813Stanley Black & Decker, Inc. 5.75 12/15/2053 443,205Stars Group Holdings BV 5.83 04/06/2025 81,897Stars Group Holdings BV 5.83 07/10/2025 65,608Stars Group Holdings BV/Stars Group US Co-Borrower LLC 7.00 07/15/2026 1,281,320Starwood Property Trust, Inc. 4.75 03/15/2025 2,221,875State Grid Overseas Investment, Ltd. 3.13 05/22/2023 2,915,103State Grid Overseas Investment, Ltd. 4.13 05/07/2024 303,343State of Qatar 4.50 01/20/2022 2,983,868State of Qatar 4.50 04/23/2028 3,060,240State Street Institutional U.S. Government Money Market Fund, Premier Class 35,133,454Stillwater Mining Co. 7.13 06/27/2025 1,045,508Stillwater Mining Co. 7.13 06/27/2025 827,113Stiphout Finance LLC 5.08 10/26/2022 78,157STS Operating, Inc. 5.84 12/11/2024 260,255Suez 3.00 06/23/2049 1,220,509Sultanate of Oman 4.75 06/15/2026 3,779,928Summit Midstream Holdings LLC/Summit Midstream Finance Corp. 5.50 08/15/2022 1,725,570SunCoke Energy Partners LP/SunCoke Energy Partners Finance Corp. 7.50 06/15/2025 2,209,550

Page 56 of 58

SunTrust Bank 3.50 08/02/2022 307,829SW Acquisitions Co., Inc. 5.08 03/31/2024 837,140Synchrony Credit Card Master Note Trust 2.21 05/15/2024 97,326Syngenta Finance NV 4.44 04/24/2023 308,131Synovus Financial Corp. 3.13 11/01/2022 171,401TDC A/S TBD 05/31/2025 301,302Telecom Italia Capital SA 7.72 06/04/2038 1,381,433Telefonica Emisiones SAU 1.46 04/13/2026 702,939Telefonica Emisiones SAU 2.93 10/17/2029 760,490Telefonica Emisiones SAU 4.67 03/06/2038 539,458Telefonica Emisiones SAU 5.21 03/08/2047 463,080Telesat Canada/Telesat LLC 8.88 11/15/2024 1,265,550Tencent Holdings, Ltd. 3.60 01/19/2028 1,192,100Terex Corp. 5.63 02/01/2025 1,041,133Thermasys Corp. 6.33 05/03/2019 794,959Time Warner, Inc. 4.85 07/15/2045 61,924Titan Acquisition, Ltd. 5.08 03/28/2025 828,839Toll Brothers Finance Corp. 4.35 02/15/2028 272,460Toronto-Dominion Bank 1.85 09/11/2020 392,031Toyota Auto Receivables Owner Trust 2.35 05/16/2022 197,684Toyota Industries Corp. 3.24 03/16/2023 911,262Toyota Motor Credit Corp. 2.95 04/13/2021 441,368TransCanada Trust 5.30 03/15/2077 184,704TransCanada Trust 5.63 05/20/2075 137,175Transnet SOC, Ltd. 4.00 07/26/2022 672,980Travelport Corporate Finance PLC 6.00 03/15/2026 1,067,358Trimble, Inc. 4.90 06/15/2028 115,344Trinidad Drilling, Ltd. 6.63 02/15/2025 1,596,375Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc. 5.38 09/01/2025 903,563Triumph Group, Inc. 4.88 04/01/2021 1,423,713TTM Technologies, Inc. 5.63 10/01/2025 1,668,875Tutor Perini Corp. 6.88 05/01/2025 1,885,750U.S. Renal Care, Inc. 6.55 12/31/2022 826,817UBS AG 4.75 02/12/2026 1,520,970UBS Group Funding Switzerland AG 3.49 05/23/2023 815,175UniCredit SpA 4.38 01/03/2027 668,176UniCredit SpA 5.86 06/19/2032 840,011Unifin Financiera SAB de CV SOFOM ENR 7.25 09/27/2023 903,175United Airlines Pass-Through Trust 4.63 03/03/2024 921,255United Kingdom Gilt Treasury 2.00 07/22/2020 1,344,068United Kingdom Gilt Treasury 3.50 01/22/2045 445,676United Kingdom Gilt Treasury 4.50 09/07/2034 2,175,474United Mexican States 4.35 01/15/2047 286,332United Overseas Bank, Ltd. 3.20 04/23/2021 213,778United States Steel Corp. 6.25 03/15/2026 695,000United States Steel Corp. 6.88 08/15/2025 1,262,750United States Treasury Bills 2.14 01/24/2019 494,781United States Treasury Bonds 2.75 11/15/2047 1,116,061United States Treasury Bonds 3.00 02/15/2048 2,993,670United States Treasury Notes 1.38 08/31/2020 1,247,997United States Treasury Notes 1.62 08/31/2019 990,742United States Treasury Notes 2.25 02/29/2020 616,488United States Treasury Notes 2.25 11/15/2027 9,421,875United States Treasury Notes 2.38 04/30/2020 995,234United States Treasury Notes 2.50 05/31/2020 31,908,750United States Treasury Notes 2.63 06/30/2023 494,883United States Treasury Notes 2.75 06/30/2025 165,160United States Treasury Notes 2.75 02/15/2028 569,601United States Treasury Notes 2.88 05/15/2028 1,389,281United Technologies Corp. 1.15 05/18/2024 353,747United Technologies Corp. 1.90 05/04/2020 254,834United Technologies Corp. 2.15 05/18/2030 358,712UnitedHealth Group, Inc. 2.38 10/15/2022 1,193,466UnitedHealth Group, Inc. 3.75 07/15/2025 224,971Univision Communications, Inc. 4.83 03/15/2024 817,685Univision Communications, Inc. 5.13 05/15/2023 1,389,525UPCB Finance IV, Ltd. 5.38 01/15/2025 1,278,625US Silica Co. 6.13 05/01/2025 188,206USA Compression Partners LP/USA Compression Finance Corp. 6.88 04/01/2026 1,265,363USI, Inc. 5.33 05/16/2024 838,400

Page 57 of 58

Valeant Pharmaceuticals International 5.09 05/17/2025 57,579Valeant Pharmaceuticals International, Inc. 5.88 05/15/2023 2,531,878Valeant Pharmaceuticals International, Inc. 7.00 03/15/2024 1,308,349Valmont Industries, Inc. 5.00 10/01/2044 109,506Vedanta Resources PLC 6.13 08/09/2024 864,935Venture Holdings Co. LLC 11.00 06/01/2049 0Verizon Communications, Inc. 2.88 01/15/2038 387,281Verizon Communications, Inc. 4.40 11/01/2034 147,438Verizon Communications, Inc. 5.25 03/16/2037 1,068,152Verizon Owner Trust 2.06 04/20/2022 245,722Verizon Owner Trust 3.20 09/20/2022 99,329Vertafore, Inc. TBD 05/30/2026 106,999Vodafone Group PLC 3.75 01/16/2024 128,792Volkswagen International Finance NV 1.88 03/30/2027 699,963Vulcan Materials Co. 4.70 03/01/2048 256,790Wal-Mart Stores, Inc. 1.90 12/15/2020 615,949Wal-Mart Stores, Inc. 2.55 04/08/2026 752,096Washington Prime Group LP 5.95 08/15/2024 169,871Waterford Gaming LLC/Waterford Gaming Financial Corp. 8.63 09/15/2014 4,639Waterjet Holdings, Inc. 5.09 04/03/2025 224,406Weekley Homes LLC/Weekley Finance Corp. 6.00 02/01/2023 1,209,145Wells Fargo & Co. 3.07 01/24/2023 940,438Wells Fargo & Co. 4.40 06/14/2046 423,536Wells Fargo & Co. 4.75 12/07/2046 469,035Wells Fargo Bank NA 2.60 01/15/2021 311,507Wells Fargo Capital X 5.95 12/01/2086 143,883Wesco Aircraft Hardware Corp. 4.58 02/28/2021 834,438West Corp. 5.58 10/10/2024 398,253Western Gas Partners LP 4.65 07/01/2026 245,994Westpac Banking Corp. 3.05 05/15/2020 259,797WildHorse Resource Development Corp. 6.88 02/01/2025 1,414,000William Lyon Homes, Inc. 6.00 09/01/2023 1,227,940Williams Cos., Inc. 3.70 01/15/2023 513,825Williams Cos., Inc. 5.75 06/24/2044 282,225World Financial Network Credit Card Master Trust 2.03 04/15/2025 261,274World Financial Network Credit Card Master Trust 2.31 08/15/2024 196,319Wyndham Worldwide Corp. 4.15 04/01/2024 1,436,275Wyndham Worldwide Corp. 4.50 04/01/2027 1,168,113XLIT, Ltd. 5.50 03/31/2045 240,425Yapi ve Kredi Bankasi AS 5.75 02/24/2022 863,763Yasar Holding AS 8.88 05/06/2020 392,660York Risk Services Holdings Corp. 5.83 10/01/2021 812,524YPF SA 6.95 07/21/2027 802,125Ziggo Secured Finance 4.57 04/15/2025 839,484

Forward Foreign Currency Contracts

Description Settlement Date

Unrealized Appreciation

(Depreciation) ($) BOUGHT EUR/SOLD USD 7/20/2018 (8,067) SOLD EUR/BOUGHT USD 7/20/2018 102,981 SOLD EUR/BOUGHT USD 8/30/2018 (350,842) SOLD GBP/BOUGHT USD 8/30/2018 (6,584)

-------------------------------------------------

ETF — Exchange-Traded Funds

AUD — Australian Dollar

ADR — American Depositary ReceiptCVR — Contingent Value Recovery

REMIC — Real Estate Mortgage Investment ConduitSDR — Swedish Depositary ReceiptTBD — Senior loan purchased on a when-issued or delayed-delivery basis. Certain details associated with this purchase are not known prior to the settlement date of the transaction. In addition, senior loans typically trade without accrued interest and therefore a coupon rate is not available prior to the settlement.ULC — Unlimited Liability Corp.

Page 58 of 58

BRL — Brazilian RealCAD — Canadian DollarCHF — Switzerland FrancCLP — Chilean PesoCNY — Yuan RenminbiCOP – Colombian PesoCRC – Costa Rican ColonCZK – Czech KorunaDKK — Danish KroneDOP – Dominican PesoEUR — Euro CurrencyGBP — Pound SterlingHKD — Hong Kong DollarHUF — Hungarian ForintIDR — Indonesian RupiahILS — Israeli ShekelINR — Indian RupeeJPY — Japanese YenKRW — South Korean WonKZT – Kazakhstani TengeMXN — Mexican PesoMYR — Malaysian RinggitNGN – Nigerian NairaNOK — Norwegian KronePHP — Philippine PesoPLN — Polish ZlotyRON – Romanian LeuRSD – Serbian DinarRUB — Russian RubleSEK — Swedish KronaSGD — Singapore DollarTRY — Turkish LiraUSD — United States DollarUYU – Uruguayan PesoZAR — South African Rand

Holdings subject to change without notice.

To obtain a prospectus for the funds listed above, visit www.valic.com or call 1-800-428-2542. The prospectus contains theinvestment objectives, risks, fees, charges, expenses and other information regarding the funds, which you should considercarefully before investing. Investors should read the prospectus carefully before investing. The funds are distributed by AIGCapital Services, Inc., 21650 Oxnard Street, Suite 750, Woodland Hills, CA 91367-4997.

A funds’ portfolio holdings are unaudited and may not be representative of current or future investments. A funds’ portfolio holdings should notbe relied upon in making investment decisions and should not be construed as research or investment advice regarding particular securities. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any othergovernment agency. While a money market fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money