ASMAA — SA BlackRock Multi-Asset Income Portfolio

ASMAA Fund Overview

ASMAA — SA BlackRock Multi-Asset Income Portfolio is a US mutual fund managed by Anchor Series Trust, categorised as Emerging Markets Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Anchor Series Trust
• Category: Emerging Markets Blend / Core Equity
• Assets under management: $70.33M
• Ticker: ASMAA
• SEC CIK: 0000726735
• SEC series ID: S000007954
• Share class ID: C000021564

ASMAA Investment Objective and Strategy

SA BlackRock Multi-Asset Income Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Anchor Series Trust.

Investment objective

The investment goal of the SA BlackRock Multi-Asset Income Portfolio (the Portfolio) is current income

Principal investment strategy

The Portfolios principal investment strategy is to actively allocate the Portfolios assets among a broad range of income-producing investments, including fixed income securities and equity securities. The Portfolio may invest up to 100% of its assets in fixed income securities and up to 80% of its assets in equity securities. The Portfolio may also invest all or a portion of its assets in exchange-traded funds (ETFs), including ETFs affiliated with the Portfolios subadviser, that provide exposure to fixed income securities, equity securities or other asset classes. When selecting investments for the Portfolio, the Portfolios subadviser employs a tactical asset allocation strategy that seeks to allocate assets across a broad range of income-producing investments, while also employing a proprietary volatility control process that seeks to reduce risk when market volatility is expected to exceed normal ranges.

The fixed income securities in which the Portfolio intends to invest, or obtain exposure to through investments in ETFs, include corporate bonds and notes, mortgage-backed securities, asset-backed securities, convertible securities and government obligations. The Portfolio may invest in, or obtain exposure to, fixed income securities that are rated investment grade or below investment grade (commonly referred to as high-yield or junk bonds), and may at times allocate a significant portion of its assets to below investment grade securities (including distressed securities). The fixed income securities in which the Portfolio intends to invest, or obtain exposure to, may be those of U.S. or foreign (non-U.S.) issuers, including emerging market issuers, and may be denominated in U.S. dollars or foreign currencies.

The Portfolio may invest in fixed income securities of any maturity and the Portfolio does not have any policy with respect to average duration or average maturity. The average duration of the Portfolio is determined at the discretion of the portfolio managers and is expected to vary based on market conditions, interest rates and other factors. The equity securities in which the Portfolio intends to invest, or obtain exposure to through investments in ETFs, include common stock, preferred stock and securities convertible into common and preferred stock. The Portfolio generally intends to invest in dividend paying stocks. The Portfolio may invest in, or obtain exposure to, equity securities of companies of any market capitalization. The equity securities in which the Portfolio intends to invest, or obtain exposure to, may be those of U.S.

or foreign issuers, including emerging market issuers, and may be denominated in U.S. dollars or foreign currencies. The Portfolio may also invest in master limited partnerships (MLPs), U.S. and foreign real estate investment trusts (REITs) and floating rate securities (including floating rate loans). The Portfolio may invest in structured notes that provide exposure to covered call options or other types of financial instruments. The Portfolio may invest up to 15% of its total assets in collateralized debt obligations (CDOs), including collateralized loan obligations (CLOs). The Portfolio may use derivative instruments, including futures or options, total return swaps and foreign currency contracts. The Portfolio may also engage in option writing to generate additional income in the Portfolio.

The Portfolio typically uses derivatives to obtain investment exposure to certain asset classes or securities, to enhance return and/or as part of a strategy designed to reduce exposure or risk. The Portfolio also uses currency forward contracts and interest rate futures to manage foreign currency, duration and yield curve positioning within the fixed income portion of the Portfolio. The Portfolio may allocate without limitation assets into cash or short-term fixed income securities, and away from riskier assets such as equity and high yield fixed income securities. When volatility decreases, the Portfolio may move assets out of cash and back into riskier securities. The Portfolio may, at times, invest significantly in cash.

ASMAA Costs and Fees

ASMAA costs about $91 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.91%
• Gross expense ratio: 1.58%
• Portfolio turnover: 13%
• Brokerage commissions: 1.66 bps of average net assets (SEC N-CEN)

ASMAA Cashflows

Over the 12 months to 2019-12, SA BlackRock Multi-Asset Income Portfolio had net inflows of $6.23M, from monthly SEC N-PORT filings.

ASMAA Debt Constituents

No individual debt constituents are reported in SA BlackRock Multi-Asset Income Portfolio's latest SEC N-PORT filing.

ASMAA Prospectus and SEC Filings

Official SA BlackRock Multi-Asset Income Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-05-17
• Prospectus (485BPOS) — filed 2018-05-18
• Prospectus (485BPOS) — filed 2017-05-12
• Portfolio holdings (N-PORT) — filed 2020-02-24
• Portfolio holdings (N-PORT) — filed 2019-11-26
• Annual census (N-CEN) — filed 2020-03-13
• Annual census (N-CEN) — filed 2019-03-18

Related Funds

Other Emerging Markets Blend / Core Equity funds tracked on ABC INVEST:

• Strategic Advisers Fidelity Emerging Markets Fund (FGOMX)
• iShares MSCI South Korea ETF (EWY)
• Strategic Advisers Emerging Markets Fund (FSAMX)
• iShares MSCI Taiwan ETF (EWT)
• iShares MSCI Brazil ETF (EWZ)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.