SA Multi-Managed Large Cap Value Portfolio
Data updated: 2026-08-28
C000021866 — SA Multi-Managed Large Cap Value Portfolio. United States Large Cap Value Equity · $304.48M AUM. Holdings, fees, performance and SEC filings.
C000021866 Fund Overview
SA Multi-Managed Large Cap Value Portfolio is a US mutual fund managed by Seasons Series Trust, categorised as United States Large Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Seasons Series Trust
- Category: United States Large Cap Value Equity
- Assets under management: $304.48M
- 1-year return: 17.5%
- SEC CIK: 0001003239
- SEC series ID: S000008058
- Share class ID: C000021866
C000021866 Investment Objective and Strategy
SA Multi-Managed Large Cap Value Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Seasons Series Trust.
Investment objective
The Portfolios investment goal is long-term growth of capital.
Principal investment strategy
The Portfolio attempts to achieve its investment goal by investing, under normal circumstances, at least 80% of net assets in equity securities of large companies selected through a value strategy. Large-cap companies will generally include companies whose market capitalizations are equal to or greater than the market capitalization of the smallest company in the Russell 1000 Index during the most recent 12-month period. As of February 28, 2026, the market capitalization range of the companies in the Russell 1000 Index was between approximately $1.1 billion and $4.3 trillion. The Portfolio may also invest in equity securities of medium-capitalization companies, foreign securities (up to 30%) and short-term investments (up to 20%). The Portfolio may also invest in real estate investment trusts (REITs), which it considers to be equity securities and are included in the Portfolios 80% investment policy to the extent the REIT issuer is a large-cap company.
The Portfolio may, from time to time, have large allocations to certain broad market sectors, such as financials and healthcare, particularly when the Russell 1000 Index reflects increased exposure to a particular sector. The Portfolio is actively managed by two subadvisers and, to balance the risks of the Portfolio, a portion of the Portfolio is passively managed by a third subadviser. The passively managed portion of the Portfolio invests in all or substantially all of the stocks included in the S&P 500 Value Index (the Index), a strategy known as replication. The subadviser may, however, utilize an optimization strategy in circumstances in which replication is difficult or impossible, such as if the Portfolio has low asset levels and cannot replicate, to reduce trading costs or to gain exposure to securities that the Portfolio cannot access directly.
The goal of optimization is to select stocks which ensure that characteristics such as industry weightings, average market capitalizations and fundamental characteristics (e.g., price-to-book, price-to-earnings, debt-to-asset ratios and dividend yields) closely approximate those of the Index. Stocks not in the Index may be held before or after changes in the composition of the Index or if they have characteristics similar to stocks in the Index. The subadviser may also invest the Portfolios assets in investments with economic characteristics that are comparable to the economic characteristics of securities included in the Index, including derivatives, such as contracts for difference.
C000021866 Holdings
Top 10 holdings of SA Multi-Managed Large Cap Value Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Apple Inc | 4.12% |
| Amazon.com Inc | 2.48% |
| UnitedHealth Group Inc | 1.75% |
| Johnson & Johnson | 1.73% |
| JPMorgan Chase & Co | 1.69% |
| Cisco Systems Inc | 1.55% |
| Microsoft Corp | 1.36% |
| Merck & Co Inc | 1.29% |
| Walmart Inc | 1.23% |
| Exxon Mobil Corp | 1.12% |
C000021866 Portfolio Allocation
Asset-class allocation of SA Multi-Managed Large Cap Value Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.1% |
| Cash & Equivalents | 0.5% |
C000021866 Performance
Total returns for C000021866 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 8.4% |
| 1 year | 17.5% |
| 3 years (annualised) | 12.7% |
| 5 years (annualised) | 9.4% |
C000021866 Risk Information
Risk metrics for C000021866, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.9%
C000021866 Costs and Fees
C000021866 costs about $110 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.10%
- Gross expense ratio: 1.12%
- Portfolio turnover: 46%
- Brokerage commissions: 1.60 bps of average net assets (SEC N-CEN)
C000021866 Cashflows
Over the 12 months to 2026-06, SA Multi-Managed Large Cap Value Portfolio had net outflows of $15.75M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$4.42M |
| 2026-05 | −$4.25M |
| 2026-04 | −$6.27M |
| 2026-03 | −$4.53M |
| 2026-02 | −$10.06M |
| 2026-01 | −$3.98M |
C000021866 Debt Constituents
No individual debt constituents are reported in SA Multi-Managed Large Cap Value Portfolio's latest SEC N-PORT filing.
C000021866 Prospectus and SEC Filings
Official SA Multi-Managed Large Cap Value Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-07-27
- Prospectus (485BPOS) — filed 2026-04-28
- Prospectus supplement (497) — filed 2025-08-04
- Portfolio holdings (N-PORT) — filed 2026-08-28
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2026-06-11
- Annual census (N-CEN) — filed 2025-06-12
Related Funds
Other United States Large Cap Value Equity funds tracked on ABC INVEST:
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.