497 1 d273397d497.htm 497 497

Filed under Rule 497(e)

Registration No. 333-53589

VALIC Company II

Small Cap Value Fund

(the “Fund”)

Supplement dated October 18, 2016, to the Fund’s

Prospectus dated January 1, 2016, as amended

The following changes are effective as of September 23, 2016:

In the section entitled “Fund Summary: Small Cap Value Fund – Investment Adviser,” the portfolio manager disclosure with respect to Wells Capital Management Incorporated (f/k/a Metropolitan West Capital Management, LLC) (“WellsCap”) is deleted in its entirety and replaced with the following:

Portfolio Managers

 

Name

 

Portfolio Manager

of the Portfolio

Since

      

Title

Ann Miletti   2016     Managing Director and Lead Portfolio Manager

In the section entitled “Management – Investment Subadvisers,” the information with respect to Samir Sikka, the portfolio manager to the portion of the Fund sub-advised by WellsCap, is hereby deleted in its entirety and replaced with the following:

Ann Miletti is responsible for managing WellsCaps’ portion of the Small Cap Value Fund. Ms. Miletti joined WellsCap or one of its predecessor firms in 1991, where she currently serves as a Managing Director and Lead Portfolio Manager for the PMV Equity Team.

Capitalized terms used herein but not defined shall have the meanings assigned to them in the Prospectus.

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.


Filed under Rule 497(e)

Registration No. 333-53589

VALIC Company II

Small Cap Value Fund

(the “Fund”)

Supplement dated October 18, 2016, to the Statement of Additional Information (“SAI”)

dated January 1, 2016, as amended

In the table under the section entitled “Portfolio Managers – Other Accounts,” the information with respect to Samir Sikka, a portfolio manager to the Fund associated with Wells Capital Management Incorporated (f/k/a Metropolitan West Capital Management, LLC) (“WellsCap”), is deleted in its entirety and replaced with the following:

 

Advisers/

Subadviser

  

Portfolio

Managers

   Other Accounts*
      Registered Investment
Companies
   Pooled Investment
Vehicles
   Other Accounts
      No. of
Accounts
   Assets
(in $ millions)
   No. of
Accounts
   Total Assets
(in $millions)
   No. of
Accounts
   Total Assets
(in $millions)

WellsCap

   Ann Miletti    5    3,814.2    —      —      9    670.1

 

* As of March 31, 2016

Capitalized terms used herein but not defined shall have the meanings assigned to them in the SAI.

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.