Variable Annuity Life Insurance Separate Account A Co
11/18/2024 | Press release | Distributed by Public on 11/18/2024 06:32
Updating Summary Prospectus - Form 497VPU
497VPU
SUPPLEMENT DATED NOVEMBER 18, 2024
TO THE UPDATING SUMMARY PROSPECTUS
DATED APRIL 29, 2024
THE VARIABLE ANNUITY LIFE INSURANCE COMPANY
SEPARATE ACCOUNT A
Fixed and Variable Deferred Annuity Contracts
Potentia®
This supplement updates certain information in the above referenced updating summary prospectus (the "Prospectus"). Except as indicated in this supplement, all other information included in the Prospectus and Appendix A-Funds Available Under the Contract ("Appendix A"), including the footnotes, remains unchanged. You should read this supplement in conjunction with your Prospectus and retain it for future reference. All capitalized terms used but not defined herein have the same meaning as those included in the Prospectus. The Prospectus is revised as follows:
In the "Important Information You Should Consider About the Contract" section, the following changes are made:
| • |
In the "Ongoing Fees and Expenses (annual charges)" section of the "FEES AND EXPENSES" table, the minimum fee for Investment Options is 0.21% and the Lowest Annual Cost is $1,688. Additionally, the maximum fee for Investment Options is 0.96% and the Highest Annual Cost is $2,441. |
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The following table replaces similar table in its entirety in Appendix A:
| Type |
Fund - Share Class Adviser/Sub-Adviser1 |
Current Expenses |
Platform Charge4 |
Current Expenses + Platform Charge |
Average Annual Total Returns (as of Dec. 31, 2023) |
|||||||||
| 1 Year | 5 Year |
10 Year (or life of fund) |
||||||||||||
|
Domestic Large-Cap Equity |
Capital Appreciation Fund2 Adviser: VALIC Sub-Adviser: Columbia Management Investment Advisers, LLC |
0.77% | None | 0.77% | 41.16% | 16.74% | 12.26% | |||||||
|
Growth Fund2, 3 Adviser: VALIC Sub-Advisers: BlackRock Investment Management, LLC and SunAmerica Asset Management, LLC (an affiliate of VALIC due to common ownership) |
0.62% | None | 0.62% | 46.94% | 16.27% | 12.40% | ||||||||
|
Large Capital Growth Fund2 Adviser: VALIC Sub-Adviser: Massachusetts Financial Services Company |
0.70% | None | 0.70% | 23.93% | 16.70% | 12.73% | ||||||||
|
Stock Index Fund2, 3 Adviser: VALIC Sub-Adviser: SunAmerica |
0.23% | None | 0.23% | 25.80% | 15.32% | 11.67% | ||||||||
|
Systematic Core Fund2, 3 Adviser: VALIC Sub-Adviser: Goldman Sachs Asset Management, L.P. |
0.64% | None | 0.64% | 24.03% | 15.42% | 11.47% | ||||||||
|
Domestic Mid- Cap Equity |
Mid Cap Index Fund2 Adviser: VALIC Sub-Adviser: SunAmerica |
0.35% | None | 0.35% | 15.94% | 12.21% | 8.92% | |||||||
|
Mid Cap Strategic Growth Fund2 Adviser: VALIC Sub-Advisers: Janus Henderson Investors US LLC and Voya Investment Management Co. LLC |
0.74% | None | 0.74% | 22.41% | 15.16% | 10.39% | ||||||||
|
Domestic Small-Cap Equity |
Small Cap Growth Fund2, 3 Adviser: VALIC Sub-Advisers: American Century Investment Management, Inc. and T. Rowe Price Associates, Inc. |
0.87% | None | 0.87% | 14.28% | 10.05% | 8.78% | |||||||
|
Small Cap Index Fund2, 3 Adviser: VALIC Sub-Adviser: SunAmerica |
0.37% | None | 0.37% | 16.35% | 9.57% | 6.88% | ||||||||
|
Global Equity (International and Domestic) |
International Socially Responsible Fund2, 3 Adviser: VALIC Sub-Adviser: SunAmerica |
0.58% | None | 0.58% | 18.35% | 8.68% | 6.96% | |||||||
|
International Equity |
Emerging Economies Fund2 Adviser: VALIC Sub-Adviser: BlackRock |
0.95% | None | 0.95% | 12.11% | 3.30% | 1.89% | |||||||
|
Specialty |
Science & Technology Fund2, 3 Adviser: VALIC Sub-Advisers: BlackRock and Voya |
0.91% | None | 0.91% | 55.79% | 18.42% | 15.69% |
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| Type |
Fund - Share Class Adviser/Sub-Adviser1 |
Current Expenses |
Platform Charge4 |
Current Expenses + Platform Charge |
Average Annual Total Returns (as of Dec. 31, 2023) |
|||||||||
| 1 Year | 5 Year |
10 Year (or life of fund) |
||||||||||||
|
Hybrid (Equity and Fixed Income) |
Aggressive Growth Lifestyle Fund2, 3 Adviser: VALIC Sub-Adviser: J.P. Morgan Investment Management Inc. |
0.58% | None | 0.58% | 17.04% | 9.69% | 6.61% | |||||||
|
Conservative Growth Lifestyle Fund2, 3 Adviser: VALIC Sub-Adviser: JPMIM |
0.62% | None | 0.62% | 11.24% | 5.86% | 4.15% | ||||||||
|
Moderate Growth Lifestyle Fund2, 3 Adviser: VALIC Sub-Adviser: JPMIM |
0.58% | None | 0.58% | 14.09% | 8.46% | 5.91% | ||||||||
|
Fixed Income |
Core Bond Fund2 Adviser: VALIC Sub-Advisers: PineBridge Investments LLC and JPMIM |
0.48% | None | 0.48% | 6.51% | 1.70% | 1.96% | |||||||
|
Goldman Sachs VIT Government Money Market Fund3 - Institutional Shares Adviser: Goldman Sachs |
0.18% | None | 0.18% | 5.05% | 1.82% | 1.19%* |
As a result of the Fund expense change, we have updated the most expensive expense examples in the Fee Tables section in the statutory prospectus.
You should read the Fund prospectuses for more detailed information about the Funds. The Fund prospectuses may be obtained by vising our website at https://www.corebridgefinancial.com/rs/prospectus-and-reports/annuities or by calling us at 1-800-448-2542.
Please keep this supplement with your Prospectus.
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