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Form N-PX · fund registrantSEC filer no. 719423

VALIC Co I

fund voting report

Vote records reported
110,367year to 30 June 2026
Against management
9.6%10,219 of 106,557 marked votes
Say-on-pay support
89.2%for, of for + against + abstain
Shareholder-proposal support
33.6%for, of for + against + abstain
89.3% for6.0% against4.7% other9.6% against management107,412 votes

foragainstabstain, withhold or otheramber tick: the portion cast against management

For the year to 30 June 2026, VALIC Co I reported 110,367 vote records on Form N-PX. 10,219 of the 106,557 votes that were marked for or against management went against management: 9.6%, 3.4 percentage points above the median fund registrant (6.2%).

Weighted by the number of shares voted, the against-management share is 10.4%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.

On pay and on shareholder proposals: it voted for 89.2% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 33.6% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in ENVIRONMENT OR CLIMATE (86.1% of 725), DIVERSITY, EQUITY, AND INCLUSION (85.7% of 426) and HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (85.5% of 399).

It reported 376.7 million shares out on loan at record dates, 3.99% of the shares it held or had lent across the meetings it reported. Shares on loan are not voted.

Compared with other filers

Each rate is defined once, in the methodology. The median is taken over 1,241 fund registrants with at least 25 vote records in the season.

year to 30 June 2026This filerMedian fund registrantAll filers pooled
Against-management share9.6%6.2%10.6%
Say-on-pay support rate89.2%91.6%86.0%
Shareholder-proposal support rate33.6%27.5%33.9%
Shares on loan, share of shares held3.99%0.00%3.12%
Largest families, year to 30 June 2026Against managementSay-on-pay supportShareholder-proposal support
Vanguard20.1%94.1%42.0%
BlackRock and iShares7.5%88.3%11.9%
Fidelity6.0%94.7%27.6%
Dimensional16.4%78.9%57.4%
State Street and SPDR16.9%77.1%50.4%

Votes by category

Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS59,17354,0802,2118.1%
SECTION 14A SAY-ON-PAY VOTES11,7089,7001,17610.6%
AUDIT-RELATED8,0077,8651361.3%
INVESTMENT COMPANY MATTERS7700.0%
SHAREHOLDER RIGHTS AND DEFENSES3562896023.0%
EXTRAORDINARY TRANSACTIONS92981811111.3%
CAPITAL STRUCTURE6,9746,5274476.7%
COMPENSATION7,6886,4151,22316.0%
CORPORATE GOVERNANCE13,09011,7511,11410.7%
ENVIRONMENT OR CLIMATE727594686.1%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE399451485.5%
DIVERSITY, EQUITY, AND INCLUSION432441785.7%
OTHER SOCIAL ISSUES1,0802534773.0%
OTHER4232521704.1%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 2024110,81210.0%89.6%22.6%
year to 30 June 2025110,1409.2%90.5%27.8%
year to 30 June 2026110,3679.6%89.2%33.6%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, VALIC Co I voted against management on 273 of the 2,427 it marked either way (11.2%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.

A further 111 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.

Shareholder proposals it supported

Of 748 proposals from security holders that could be told apart in the filings and on which it cast a vote, VALIC Co I voted for 269 (36.0%). The 40 at the companies with the most reporting filers are listed. Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.

CompanyMeetingProposal
NVIDIA Corporation24 Jun 2026Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting...
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
Visa Inc.27 Jan 2026Shareholder proposal on shareholder right to act by written consent.
JPMorgan Chase & Co.19 May 2026Independent board chairman
Mastercard Incorporated16 Jun 2026Consideration of a stockholder proposal regarding shareholder right to act by written consent
Eli Lilly and Company4 May 2026Shareholder proposal to adopt a policy and amend the bylaws to require an independent board chair.
AbbVie Inc.8 May 2026Stockholder Proposal - to Adopt a Policy to Require an Independent Chair
Netflix, Inc.4 Jun 2026Stockholder proposal entitled, "Proposal 4 - Shareholder Right to Act by Written Consent,"
Bank of America Corporation4 May 2026Shareholder proposal requesting independent board chair
Tesla, Inc.6 Nov 2025A shareholder proposal to seek shareholder approval before adopting an amendment to the bylaws pursuant to...
Tesla, Inc.6 Nov 2025Declassify the Board of Directors
Tesla, Inc.6 Nov 2025Shareholder proposal: CORPORATE GOVERNANCE
Advanced Micro Devices, Inc.13 May 2026Stockholder proposal requesting changes to the stockholder right to call a special meeting.
McDonald's Corporation20 May 2026Advisory Vote on Shareholders' Right to Act by Written Consent.
QUALCOMM Incorporated17 Mar 2026Stockholder proposal entitled "Shareholder Ability to Call for a Special Meeting."
International Business Machines Corporation28 Apr 2026Stockholder Proposal Requesting a Right to Act by Written Consent
CATERPILLAR INC.10 Jun 2026Shareholder Proposal - Shareholder Right to Act by Written Consent
AT&T INC.14 May 2026Shareholder Right to Act by Written Consent
Wells Fargo & Company28 Apr 2026Require Independent Board Chair
Wells Fargo & Company28 Apr 2026Shareholder Proposal - Govern by Majority Vote.
ServiceNow, Inc.21 May 2026Shareholder proposal regarding shareholder right to act by written consent.
Texas Instruments Incorporated16 Apr 2026Stockholder proposal to permit stockholders to act by written consent.
ConocoPhillips12 May 2026Stockholder Proposal - Independent Board Chairman.
The Goldman Sachs Group, Inc.29 Apr 2026Shareholder Proposal Regarding Special Shareholder Meeting Thresholds
Morgan Stanley14 May 2026Shareholder proposal requesting an independent Board Chairman
HONEYWELL INTERNATIONAL INC.22 May 2026Shareowner Proposal - Shareholder Right to Act by Written Consent.
Comcast Corporation10 Jun 2026Adopt policy to have an independent chair
S&P Global Inc.20 May 2026Vote on a shareholder proposal to reduce the stock ownership threshold for calling a special shareholder...
Deere & Company25 Feb 2026Shareholder proposal on shareholder right to act by written consent
Starbucks Corporation25 Mar 2026Shareholder proposal requesting supermajority shareholder voting requirements be replaced with majority...
THE BOEING COMPANY17 Apr 2026Action by Written Consent.
LOCKHEED MARTIN CORPORATION12 May 2026Stockholder Proposal Requiring Independent Board Chairman
Micron Technology, Inc.15 Jan 2026Reduce Ownership Threshold for Shareholders to Call Special Meeting
Palo Alto Networks, Inc.9 Dec 2025To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding...
Lam Research Corporation4 Nov 2025Stockholder proposal titled "Realistic Shareholder Ability to Call for a Special Shareholder Meeting,"
Analog Devices, Inc.11 Mar 2026To consider a shareholder proposal
CVS Health Corporation14 May 2026Stockholder Proposal for Reducing the Threshold for Our Stockholder Right to Act By Written Consent.
Boston Scientific Corporation30 Apr 2026Stockholder proposal titled "Give Shareholders the Ability to Call for a Special Shareholder Meeting."
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding annual vote regarding executive pay.
Meta Platforms, Inc.27 May 2026A shareholder proposal regarding disclosure of voting results by share class.

Shares on loan

VALIC Co I reported 376.7 million shares on loan at record dates against 9.08 billion shares voted: 3.99% of the two together. Median fund registrant: 0.00%. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.

Fund series in this filing

28 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.

SeriesVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
Small Cap Index Fund17,96913.6%87.9%55.2%
International Equities Index Fund11,6607.7%not reported25.7%
Emerging Economies Fund8,06311.3%not reported62.5%
International Socially Responsible Fund7,8456.3%not reported29.5%
Stock Index Fund7,1058.3%90.5%34.5%
Global Strategy Fund6,5998.5%87.9%30.3%
Systematic Core Fund4,9939.6%90.1%29.3%
International Opportunities Fund4,8468.6%50.0%21.6%
Small Cap Value Fund4,8468.4%93.0%66.7%
Growth Fund4,67913.4%86.0%34.5%
Mid Cap Index Fund4,5516.2%94.8%46.9%
Large Cap Core Fund4,2249.3%89.7%28.0%
Mid Cap Value Fund2,6145.6%96.4%65.9%
Systematic Growth Fund2,37313.5%86.3%28.3%
U.S. Socially Responsible Fund2,3705.9%88.8%36.8%
International Value Fund2,0984.4%85.7%25.0%
Systematic Value Fund1,9938.4%91.0%24.3%
Dividend Value Fund1,8729.0%89.4%22.5%
Mid Cap Strategic Growth Fund1,7908.5%92.9%63.6%
Nasdaq-100(R) Index Fund1,44215.7%84.3%28.0%
Small Cap Growth Fund1,29010.6%88.2%50.0%
Global Real Estate Fund1,1254.0%90.5%not reported
Small Cap Core Fund1,0884.7%97.0%not reported
Science & Technology Fund86321.5%72.5%30.8%
Capital Appreciation Fund82814.9%86.4%30.3%
Asset Allocation Fund81013.2%86.0%23.3%
International Growth Fund41913.9%not reported60.0%
High Yield Bond Fund1216.7%not reportednot reported

The filings

These figures are read from the filer's own Form N-PX. If a vote on this page looks wrong, the filing is the record: a dispute about a filed vote is a matter for the filer, and an error in how this site read the filing is a matter for corrections.

Questions

How did VALIC Co I vote on executive pay?

In the year to 30 June 2026 VALIC Co I reported 10,876 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 9,700 were for (89.2%), 1,176 against and 0 abstentions. Counting one item per company meeting, it voted against management on 273 of the 2,427 say-on-pay items it marked either way. A further 111 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does VALIC Co I vote against management?

9.6% of the time in the year to 30 June 2026: 10,219 of the 106,557 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.

Did VALIC Co I support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 537 votes on proposals from security holders in the year to 30 June 2026 and voted for 2 of them (0.4%). Across every category it voted for 33.6% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.

Is this the result of the meetings?

No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.

Where does the data come from?

From the Form N-PX filings of this filer on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings by VALIC Co I (filer no. 719423), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 23 Sep 2026; page built 26 Sep 2026.