SA American Funds Asset Allocation Portfolio
Data updated: 2026-08-28
C000035590 — SA American Funds Asset Allocation Portfolio. United States Multi-Cap / All-Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.
C000035590 Fund Overview
SA American Funds Asset Allocation Portfolio is a US mutual fund managed by Sunamerica Series Trust, categorised as United States Multi-Cap / All-Cap 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: Sunamerica Series Trust
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $1.89B
- 1-year return: 15.6%
- SEC CIK: 0000892538
- SEC series ID: S000013243
- Share class ID: C000035590
C000035590 Investment Objective and Strategy
SA American Funds Asset Allocation 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 high total return (including income and capital gains) consistent with the preservation of capital over the long term.
Principal investment strategy
The Portfolio described in this Prospectus operates as a feeder fund and attempts to achieve its investment goal by investing all or substantially all of its assets in Class 1 shares of the American Funds Insurance Series Asset Allocation Fund (the Master Asset Allocation Fund), a portfolio offered by American Funds Insurance Series , a registered open-end investment company. In turn, the Master Asset Allocation Fund seeks to provide investors with high total return (including income and capital gains) consistent with the preservation of capital over the long term by investing in a diversified portfolio of common stocks and other equity securities, bonds and other intermediate and long-term debt securities , including U.S. government securities, and money market instruments (debt securities maturing in one year or less).
The Master Asset Allocation Fund may invest up to 15% of its assets in common stocks and other equity securities of issuers domiciled outside the United States and up to 5% of its assets in debt securities tied economically to countries outside the United States. In addition, the Master Asset Allocation Fund may invest up to 25% of its debt assets in lower quality debt securities (rated Ba1 or below and BB+ or below by Nationally Recognized Statistical Rating Organizations as designated by the adviser to the Master Asset Allocation Fund or unrated but determined to be of equivalent quality by the adviser to the Master Asset Allocation Fund). Such securities are sometimes referred to as junk bonds and are considered speculative. Investors in the Portfolio should have a long-term perspective and be able to tolerate potentially sharp declines in value.
In seeking to pursue its investment goal, the Master Asset Allocation Fund will vary its mix of equity securities, debt securities and money market instruments. Under normal market conditions, the Master Asset Allocation Funds investment adviser expects (but is not required) to maintain an investment mix falling within the following ranges: 40% 80% in equity securities; 20% 50% in debt securities; and 0% 40% in money market instruments and cash. As of December 31, 2025, the Master Asset Allocation Fund was approximately 65% invested in equity securities, 31% invested in debt securities and 4% invested in money market instruments and cash. The proportion of equities, debt and money market securities held by the Master Asset Allocation Fund varies with market conditions and the investment advisers assessment of their relative attractiveness as investment opportunities.
Capital Research and Management Company (Capital Research), the investment adviser of the Master Asset Allocation Fund, may consider environmental, social and governance (ESG) factors that, depending on the facts and circumstances, are material to the value of an issuer or instrument. ESG factors may include, but are not limited to, environmental issues (e.g., water use, emission levels, waste, environmental remediation), social issues (e.g., human capital, health and safety, changing customer behavior) or governance issues (e.g., board composition, executive compensation, shareholder dilution). Investment of the Portfolios assets in the Master Asset Allocation Fund is not a fundamental policy of the Portfolio and a shareholder vote is not required for the Portfolio to withdraw its entire investment in the Master Asset Allocation Fund.
C000035590 Holdings
Top 1 holdings of SA American Funds Asset Allocation Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| American Funds Insurance Series - Asset Allocation Fund | 100.05% |
C000035590 Portfolio Allocation
Asset-class allocation of SA American Funds Asset Allocation Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.0% |
C000035590 Performance
Total returns for C000035590 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 8.0% |
| 1 year | 15.6% |
| 3 years (annualised) | 15.7% |
| 5 years (annualised) | 8.3% |
C000035590 Risk Information
Risk metrics for C000035590, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.4%
C000035590 Costs and Fees
C000035590 costs about $80 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.80%
- Gross expense ratio: 1.40%
- Portfolio turnover: 1%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000035590 Cashflows
Over the 12 months to 2026-06, SA American Funds Asset Allocation Portfolio had net outflows of $143.91M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$25.06M |
| 2026-05 | −$24.13M |
| 2026-04 | −$19.09M |
| 2026-03 | −$23.93M |
| 2026-02 | −$18.34M |
| 2026-01 | −$28.65M |
C000035590 Debt Constituents
No individual debt constituents are reported in SA American Funds Asset Allocation Portfolio's latest SEC N-PORT filing.
C000035590 Prospectus and SEC Filings
Official SA American Funds Asset Allocation 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 2026-08-28
- Portfolio holdings (N-PORT) — filed 2026-05-29
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-13
Related Funds
Other United States Multi-Cap / All-Cap Blend / Core 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.