SA Invesco Growth Opportunities Portfolio
Data updated: 2026-09-28
C000021999 — SA Invesco Growth Opportunities Portfolio. United States Mid Cap Growth Equity · $270.26M AUM. Holdings, fees, performance and SEC filings.
C000021999 Fund Overview
SA Invesco Growth Opportunities Portfolio is a US mutual fund managed by Sunamerica Series Trust, categorised as United States Mid Cap Growth 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 Mid Cap Growth Equity
- Assets under management: $270.26M
- 1-year return: 20.1%
- SEC CIK: 0000892538
- SEC series ID: S000008091
- Share class ID: C000021999
C000021999 Investment Objective and Strategy
SA Invesco Growth Opportunities 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 capital appreciation.
Principal investment strategy
The Portfolio attempts to achieve its goal by investing in equity securities that demonstrate the potential for capital appreciation, issued generally by small-cap companies, and in other instruments that have economic characteristics similar to such securities. The Portfolio invests primarily in common stocks. The Portfolio also may invest in foreign securities, including securities of issuers located in emerging markets , i.e., those that are generally in the early stages of their industrial cycles (up to 25% of net assets) as well as in developed markets. The Portfolio may invest up to 10% of its total assets in real estate investment trusts (REITs). The Portfolio invests primarily in securities that are considered by the Portfolios portfolio managers to have the potential for earnings or revenue growth.
In selecting investments, the subadviser utilizes a disciplined portfolio construction process that calibrates the Portfolios sector-related exposure relative to the Russell 2000 Growth Index, which the subadviser believes generally represents the small cap growth asset class. The Portfolio uses this index as a guide in structuring and reviewing the portfolio, but the Portfolio is not an index fund that seeks to replicate the performance of the index. The security selection process is based on a three-step process that includes fundamental, valuation, and timeliness analysis. Fundamental analysis involves building a series of financial models, as well as conducting in-depth interviews with company management. The goal is to find high quality, fundamentally sound issuers operating in an attractive industry.
Valuation analysis focuses on identifying attractively valued securities given their growth potential over a one-to-two year horizon. Timeliness analysis is used to help identify the timeliness of a purchase. In this step, relative price strength, trading volume characteristics, and trend analysis are reviewed for signs of deterioration. If a security shows signs of deterioration, it will not be considered as a candidate for the portfolio. The subadviser considers selling a security if the investment thesis for owning the security is no longer valid, the stock reaches its price target or timeliness factors indicate that the risk/return characteristics of the stock as viewed in the market are no longer attractive.
C000021999 Holdings
Top 10 holdings of SA Invesco Growth Opportunities Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Guardant Health Inc | 2.52% |
| ESCO Technologies Inc | 2.31% |
| Axsome Therapeutics Inc | 2.08% |
| BrightSpring Health Services Inc | 2.06% |
| Sanmina Corp | 1.96% |
| Cognex Corp | 1.93% |
| Lattice Semiconductor Corp | 1.92% |
| Allegro MicroSystems Inc | 1.88% |
| Evercore Inc | 1.87% |
| JFrog Ltd | 1.86% |
C000021999 Portfolio Allocation
Asset-class allocation of SA Invesco Growth Opportunities Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.3% |
C000021999 Performance
Total returns for C000021999 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 11.8% |
| 1 year | 20.1% |
| 3 years (annualised) | 11.4% |
| 5 years (annualised) | -0.2% |
C000021999 Risk Information
Risk metrics for C000021999, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 24.1%
C000021999 Costs and Fees
C000021999 costs about $97 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.97%
- Gross expense ratio: 0.97%
- Portfolio turnover: 97%
- Brokerage commissions: 10.41 bps of average net assets (SEC N-CEN)
C000021999 Cashflows
Over the 12 months to 2026-07, SA Invesco Growth Opportunities Portfolio had net outflows of $65.52M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | −$19.73M |
| 2026-06 | −$3.00M |
| 2026-05 | −$3.24M |
| 2026-04 | −$6.08M |
| 2026-03 | −$4.25M |
| 2026-02 | −$2.29M |
C000021999 Debt Constituents
No individual debt constituents are reported in SA Invesco Growth Opportunities Portfolio's latest SEC N-PORT filing.
C000021999 Prospectus and SEC Filings
Official SA Invesco Growth Opportunities 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 Mid Cap Growth 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.