SA Franklin Systematic U.S. Large Cap Value Portfolio
Data updated: 2026-09-28
C000021966 — SA Franklin Systematic U.S. Large Cap Value Portfolio. United States Large Cap Value Equity. Holdings, fees, performance and SEC filings.
C000021966 Fund Overview
SA Franklin Systematic U.S. Large Cap Value Portfolio is a US mutual fund managed by Sunamerica 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: Sunamerica Series Trust
- Category: United States Large Cap Value Equity
- Assets under management: $609.89M
- 1-year return: 35.1%
- SEC CIK: 0000892538
- SEC series ID: S000008080
- Share class ID: C000021966
C000021966 Investment Objective and Strategy
SA Franklin Systematic U.S. Large Cap Value Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Sunamerica Series Trust.
Investment objective
The Portfolios investment goal is long-term capital appreciation.
Principal investment strategy
The Portfolio seeks to achieve a lower level of risk and higher risk-adjusted performance than the Russell 1000 Value Index (the Index) over the long term through a portfolio optimization process employed by the Portfolios subadviser. Under normal circumstances, the Portfolio invests at least 80% of its net assets in equity securities of U.S. large capitalization companies. The Portfolio primarily invests in common stock of U.S. large capitalization companies included in the Index. As of February 28, 2026, the median market capitalization of a company in the Index was approximately $15.978 billion and the largest market capitalization of the companies in the Index was approximately $3.78 trillion. The size of the companies in the Index changes with market conditions and the composition of the Index.
The subadvisers selection process is designed to select stocks for the Portfolio that have favorable exposure to certain factors, including but not limited to quality, value, momentum and alternative. Factors are common characteristics that relate to a group of issuers or securities that are important in explaining the returns and risks of those issuers securities. The quality factor incorporates measurements related to profitability, leverage, management signaling, and innovation metrics. The value factor incorporates measurements such as free cash flow and multiple-based valuation metrics. The momentum factor incorporates measurements such as analyst revisions and price momentum metrics. The alternative factor incorporates measurements related to positioning, such as short interest. The subadviser uses a proprietary model to assign a quantitative factor score for each issuer in the Portfolios investible universe based on that issuers factor exposures.
Each stock is then further analyzed based on the assigned factor scores, but taking into account certain sector weight limits and security weight limit constraints determined by, among others, the portfolio management team. Under normal market conditions, the Portfolio holds 175 to 250 of the common stocks in the Index. The subadviser selects such stocks on a monthly basis; however, it may change the position size of a stock, determine to buy a new stock or sell an existing one between its monthly selection if the stock scores change materially or if there are adverse developments concerning a particular stock, an industry, the economy or the stock market generally. During the selection process, the subadviser applies a proprietary ESG (environmental, social and governance) rating methodology to all stocks.
The subadviser determines the most relevant underlying Environmental, Social and Governance sub-factors to a companys returns and risk. These E, S and G sub-factors are assigned a score which, when combined, allow to establish an overall ESG score for each stock. The subadviser seeks to invest in stocks which score high on its multi-factor selection process and also have an ESG score equal to or higher than the median ESG score of the Index. The subadviser may, however, invest up to 10% of the Portfolios net assets in stocks which have an ESG score below this threshold, for risk control purposes if necessary, as assessed by the portfolio management team. The Portfolio aims to have high scores to the multifactor selection process and the ESG process that is substantially higher than the Index at each quarterly rebalance.
C000021966 Holdings
Top 10 holdings of SA Franklin Systematic U.S. Large Cap Value Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Amazon.com Inc | 5.52% |
| Apple Inc | 4.55% |
| Microsoft Corp | 3.85% |
| JPMorgan Chase & Co | 2.36% |
| Cisco Systems Inc | 2.19% |
| Walmart Inc | 2.15% |
| Berkshire Hathaway Inc | 2.10% |
| Bank of America Corp | 1.91% |
| Morgan Stanley | 1.57% |
| Meta Platforms Inc | 1.49% |
C000021966 Portfolio Allocation
Asset-class allocation of SA Franklin Systematic U.S. Large Cap Value Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.7% |
| Fixed Income | 1.3% |
C000021966 Performance
Total returns for C000021966 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 21.0% |
| 1 year | 35.1% |
| 3 years (annualised) | 19.8% |
| 5 years (annualised) | 12.3% |
C000021966 Risk Information
Risk metrics for C000021966, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.9%
C000021966 Costs and Fees
C000021966 costs about $64 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.64%
- Gross expense ratio: 0.64%
- Portfolio turnover: 81%
- Brokerage commissions: 4.75 bps of average net assets (SEC N-CEN)
C000021966 Cashflows
Over the 12 months to 2026-07, SA Franklin Systematic U.S. Large Cap Value Portfolio had net outflows of $99.94M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | −$10.55M |
| 2026-06 | −$9.05M |
| 2026-05 | −$8.34M |
| 2026-04 | −$16.06M |
| 2026-03 | −$9.01M |
| 2026-02 | −$6.59M |
C000021966 Debt Constituents
Largest debt holdings of SA Franklin Systematic U.S. Large Cap Value Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Fed Home Ln Discount Nt | 1.28% |
C000021966 Prospectus and SEC Filings
Official SA Franklin Systematic U.S. Large Cap Value Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-27
- Prospectus (485BPOS) — filed 2025-04-28
- Prospectus (485BPOS) — filed 2024-04-26
- Portfolio holdings (N-PORT) — filed 2026-09-28
- Portfolio holdings (N-PORT) — filed 2026-06-29
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2026-04-16
- Annual census (N-CEN) — filed 2025-04-11
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.