VALIC Co I has announced significant updates to its investment advisory agreements following a special meeting of shareholders held on October 22, 2026. This change is crucial as it directly affects how the company's funds will operate moving forward, particularly in light of recent acquisitions in the parent company.

The updates include the approval of two new investment advisory agreements with The Variable Annuity Life Insurance Company (VALIC), which serves as the adviser for the company's funds. The new agreements became effective immediately after the shareholder meeting, replacing an interim agreement that had been in place since September 10, 2026, due to the acquisition of additional shares by Nippon Life Insurance Company in Corebridge Financial, Inc., VALIC's parent company.

Background

VALIC Co I is an investment company incorporated in Maryland, with its headquarters located in Jersey City, New Jersey. The company primarily operates in the investment sector, providing various investment products and services. It has undergone several name changes in its history, including its former name, AIG Retirement Co I. The company is registered under SEC file number 002-83631.

What the Filing Says

According to the filing dated October 30, 2026, shareholders approved the new advisory agreements to ensure continuity in management following the Nippon Acquisition. The terms of the new agreement are largely similar to the previous advisory agreement, with updates on effective dates, fund names, and revisions to the notice provisions. The filing states, "the concentration changes with respect to the Funds will become effective on November 1, 2026." This includes allowing funds to concentrate investments in a particular industry to align with their benchmark indices.

Impact

The changes are expected to affect shareholders of VALIC Co I's funds, as they will now have more flexibility in their investment strategies. The adjustments to the investment advisory agreements and the concentration rules may also influence how other investment companies approach their advisory practices in light of regulatory changes.

What's Next

Further developments are anticipated as the second investment advisory agreement, approved by shareholders, is expected to replace the New Advisory Agreement at the end of 2026 upon the merger of Corebridge and Equitable Holdings, Inc. The filing does not specify additional actions required from shareholders or the company at this time.