Fund Complex: VALIC Funds
Management Company: The Variable Annuity Life Insurance Co.; Subadviser-Morgan Stanley Investment Management Inc. (MSIM)
Funds Affected: VALIC Company I International Growth Fund
Sustainable Investing Strategies: ESG Integration
The subadviser typically favors companies it believes have sustainable competitive advantages that can be monetized through growth. The investment process integrates analysis of sustainability with respect to disruptive change, financial strength, environmental and social externalities and governance (also referred to as ESG).

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