SA PIMCO Global Bond Opportunities Portfolio
Data updated: 2026-09-28
C000022016 — SA PIMCO Global Bond Opportunities Portfolio. Long Total / Aggregate Bond · $273.15M AUM. Holdings, fees, performance and SEC filings.
C000022016 Fund Overview
SA PIMCO Global Bond Opportunities Portfolio is a US mutual fund managed by Sunamerica Series Trust, categorised as Long Total / Aggregate Bond. 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: Long Total / Aggregate Bond
- Assets under management: $273.15M
- 1-year return: 3.5%
- SEC CIK: 0000892538
- SEC series ID: S000008097
- Share class ID: C000022016
C000022016 Investment Objective and Strategy
SA PIMCO Global Bond 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 to seek maximum total return, consistent with preservation of capital.
Principal investment strategy
The Portfolio attempts to achieve its investment goal by investing, under normal circumstances, at least 80% of its net assets in Fixed Income Instruments and related forwards or derivatives such as options, futures contracts or swap agreements, with similar economic and risk characteristics. Fixed Income Instruments include: securities issued or guaranteed by the U.S. Government, its agencies or government-sponsored enterprises (U.S. Government Securities); corporate debt securities of U.S. and non-U.S. issuers, including convertible securities and corporate commercial paper; mortgage-backed and other asset-backed securities; inflation-indexed bonds issued both by governments and corporations; structured notes, including hybrid or indexed securities and event-linked bonds; bank capital and trust preferred securities; loan participations and assignments; delayed funding loans and revolving credit facilities; bank certificates of deposit, fixed time deposits and bankers acceptances; repurchase agreements on Fixed Income Instruments and reverse repurchase agreements on Fixed Income Instruments; debt securities issued by states or local governments and their agencies, authorities and other government-sponsored enterprises; obligations of non-U.S.
governments or their subdivisions, agencies and government-sponsored enterprises; obligations of international agencies or supranational entities; and derivatives on Fixed Income Instruments. The Portfolio invests primarily in investment grade debt investments, but may invest up to 20% of its total assets in high yield investments (junk bonds). The Portfolio may invest, without limitation, in derivative instruments, such as options, futures contracts or swap agreements. The Portfolio may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis and may engage in short sales. The Portfolio will invest in securities that are economically tied to at least three countries (one of which may be the United States), which may be represented by forwards or derivatives such as options, futures contracts or swap agreements.
The Portfolio normally invests at least 25% of its net assets in instruments that are economically tied to foreign (non-U.S.) countries. Securities may be denominated in major foreign currencies or the U.S. dollar. The Portfolio will normally hedge its foreign currency exposure (from non-U.S. dollar denominated securities or currencies) but may tactically seek foreign currency exposure up to 20% of its total assets. The average portfolio duration normally varies between two and eight years. Duration is a measure of interest rate risk that indicates how price-sensitive a bond is to changes in interest rates. For example, a bond with a duration of three years will decrease in value by approximately 3% if interest rates increase by 1%. The Portfolio may also invest up to 10% of its total assets in preferred securities.
The subadviser may engage in frequent and active trading of portfolio securities. The Portfolio is non-diversified, which means that it may invest its assets in a smaller number of issuers than a diversified portfolio. The Portfolio, from time to time, may have significant investments in one or more countries or in particular sectors.
C000022016 Holdings
Top 10 holdings of SA PIMCO Global Bond Opportunities Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Umbs, Tba | 36.66% |
| Umbs, Tba | 5.84% |
| U.K. Gilts | 4.02% |
| French Republic Government Bonds OAT | 3.75% |
| Umbs, Tba | 3.22% |
| United States Treasury | 2.96% |
| United States Treasury | 2.76% |
| Letra Tesouro Nacional | 2.68% |
| Government National Mortgage Association | 2.32% |
| Government National Mortgage Association | 2.31% |
C000022016 Portfolio Allocation
Asset-class allocation of SA PIMCO Global Bond Opportunities Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 77.4% |
| Fixed Income | 62.3% |
| Cash & Equivalents | 9.9% |
| Derivatives | 1.1% |
| Real Estate | 0.2% |
C000022016 Performance
Total returns for C000022016 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -0.6% |
| 1 year | 3.5% |
| 3 years (annualised) | 3.3% |
| 5 years (annualised) | -2.9% |
C000022016 Risk Information
Risk metrics for C000022016, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.1%
C000022016 Costs and Fees
C000022016 costs about $108 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.08%
- Gross expense ratio: 1.10%
- Portfolio turnover: 267%
- Brokerage commissions: 0.77 bps of average net assets (SEC N-CEN)
C000022016 Cashflows
Over the 12 months to 2026-07, SA PIMCO Global Bond Opportunities Portfolio had net outflows of $1.94M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | $9.57M |
| 2026-06 | −$3.68M |
| 2026-05 | −$3.55M |
| 2026-04 | −$3.44M |
| 2026-03 | $761.25K |
| 2026-02 | −$3.11M |
C000022016 Debt Constituents
Largest debt holdings of SA PIMCO Global Bond Opportunities Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| U.K. Gilts | 4.02% |
| French Republic Government Bonds OAT | 3.75% |
| United States Treasury | 2.96% |
| United States Treasury | 2.76% |
| Letra Tesouro Nacional | 2.68% |
| Spain Government Bonds | 2.13% |
| Republic Of South Africa | 2.04% |
| United States Treasury | 1.93% |
| French Republic Government Bonds OAT | 1.44% |
| Spain Government Bonds | 1.34% |
C000022016 Prospectus and SEC Filings
Official SA PIMCO Global Bond 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 Long Total / Aggregate Bond 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.