Money Market Funds

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Types of Mutual Funds

Money Market Funds

Money market funds may be appropriate for investors who:

• Need access to their money in the near future
• Are looking for a current short-term rate of interest
• Are very conservative in their investment approach

Main Types of Money Market Funds

National tax-exempt money market funds: Seek income not taxed by the federal government by investing in municipal securities with relatively short maturities.

State tax-exempt money market funds: Invest predominantly in short-term municipal obligations of a single state, which are exempt from federal and state income taxes for residents of that state.

Taxable government money market funds: Concentrate on short-term financial instruments issued or guaranteed by the U.S. government, its agencies or instrumentalities.

Taxable non-government money market funds: Focus on a variety of money market instruments, including certificates of deposit of large banks, commercial paper and banker's acceptances.

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. While the fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money while investing in the fund.

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Important Notice about Purchasing an Annuity From Us

To help the government fight the funding of terrorism and money-laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who purchases certain annuity products. What this means for you: When you purchase certain annuity products from us, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may ask to see your driver's license or other identifying documents.

Securities and investment advisory services are offered by VALIC Financial Advisors, Inc., member FINRA, SIPC and an SEC-registered investment advisor.

VALIC represents The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company.

This information is general in nature and may be subject to change. Neither VALIC nor its financial advisors or other representatives give legal or tax advice. Applicable laws and regulations are complex and subject to change. Any tax statements in this material are not intended to suggest the avoidance of U.S. federal, state or local tax penalties. For legal or tax advice concerning your situation, consult your attorney or professional tax advisor.