SA BlackRock VCP Global Multi Asset Portfolio

C000164958 Fund Overview

SA BlackRock VCP Global Multi Asset Portfolio is a US mutual fund managed by Sunamerica Series Trust, categorised as Balanced Allocation. 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: Balanced Allocation
• Assets under management: $671.29M
• 1-year return: 10.1%
• SEC CIK: 0000892538
• SEC series ID: S000052510
• Share class ID: C000164958

C000164958 Investment Objective and Strategy

SA BlackRock VCP Global Multi Asset 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 capital appreciation and income while managing portfolio volatility.

Principal investment strategy

The Portfolio seeks to achieve its investment goal by tactically allocating its assets to various equity and fixed income asset classes. The Portfolio obtains broad exposure to these asset classes by investing in equity and fixed income securities and derivatives that provide exposure to equity and fixed income securities. The Portfolio invests in, or obtains exposure to, equity and fixed income securities of both U.S. and foreign corporate and governmental issuers, including emerging market issuers. The Portfolio normally invests in, or obtains exposure to, investments in a number of different countries around the world. In addition, the subadviser employs a VCP (Volatility Control Portfolio) risk management process intended to manage the volatility level of the Portfolios annual returns.

Under normal market conditions, the Portfolio targets an allocation of approximately 55% of its net assets to equity exposure and approximately 45% of its net assets to fixed income exposure, although the Portfolios equity exposure may range from approximately 10%-70% of its net assets and its fixed income exposure may range from approximately 10%-90% of its net assets. These ranges reflect the approximate range of overall net equity and fixed income exposure after application of the volatility control process described below. The subadviser uses fundamental and macroeconomic research to determine asset class weights in the Portfolio. The equity securities in which the Portfolio intends to invest, or obtain exposure to, include common stock, preferred stock, securities convertible into common stock, non-convertible preferred stock and depositary receipts.

The Portfolio may invest in, or obtain exposure to, equity securities of companies of any market capitalization; however, the Portfolios investments in small- and mid-capitalization companies will be limited to 20% of its net assets. The foreign equity securities in which the Portfolio intends to invest, or obtain exposure to, may be denominated in U.S. dollars or foreign currencies and may be currency hedged or unhedged. The Portfolio will limit its investments in foreign equity securities to 35% of its net assets. The Portfolios fixed income exposure will, to a significant extent, be obtained through investment in, or exposure to, U.S. Treasury obligations. The Portfolio may also invest in or obtain exposure to, other fixed income securities, including other U.S. Government securities, foreign sovereign debt instruments, corporate debt instruments, municipal securities and zero coupon bonds.

The foreign fixed income securities in which the Portfolio intends to invest, or obtain exposure to, may be denominated in U.S. dollars or foreign currencies and may be currency hedged or unhedged. In selecting equity investments, the subadviser evaluates the attractiveness of countries and sectors, as well as average market capitalization. The subadviser will assess each investments changing characteristics relative to its contribution to portfolio risk within that discipline and will sell the investment when it no longer offers an appropriate return-to-risk trade-off. In selecting fixed income investments, the subadviser evaluates sectors of the bond market and may shift the Portfolios assets among the various sectors based upon changing market conditions. The Portfolio may invest in derivatives, including, but not limited to, interest rate, total return and credit default swaps, indexed and inverse floating rate securities, options, futures, options on futures and swaps and foreign currency transactions (including swaps), for hedging purposes, as well as to increase the return on its portfolio investments.

The Portfolio may also use forward foreign currency exchange contracts (obligations to buy or sell a currency at a set rate in the future) to hedge against movement in the value of foreign currencies. The Portfolio incorporates a volatility control process that seeks to reduce risk when the portfolios volatility is expected to exceed an annual level of 10%. Volatility is a statistical measure of the magnitude of changes in the Portfolios returns over time without regard to the direction of those changes. To implement this volatility management strategy, the subadviser may adjust the composition of the Portfolios riskier assets such as equity and below investment grade fixed income securities (also known as junk bonds), which are considered speculative, and/or may allocate assets away from riskier assets into cash or short-term fixed income securities.

As part of its attempt to manage the Portfolios volatility exposure, during certain periods the Portfolio may make significant investments in equity index and fixed income futures or other derivative instruments designed to reduce the Portfolios exposure to portfolio volatility. In addition, the subadviser will seek to reduce exposure to certain downside risks by purchasing equity index put options that aim to reduce the Portfolios exposure to certain severe and unanticipated market events that could significantly detract from returns. Volatility is not a measure of investment performance. Volatility may result from rapid and dramatic price swings. Higher volatility generally indicates higher risk and is often reflected by frequent and sometimes significant movements up and down in value. The Portfolio could experience high levels of volatility in both rising and falling markets.

Due to market conditions or other factors, the actual or realized volatility of the Portfolio for any particular period of time may be materially higher or lower than the target maximum annual level. The Portfolios target maximum annual volatility level of 10% is not a total return performance target. The Portfolio does not expect its total return performance to be within any specified target range. It is possible for the Portfolio to maintain its volatility at or under its target maximum annual volatility level while having negative performance returns. Efforts to manage the Portfolios volatility could limit the Portfolios gains in rising markets, may expose the Portfolio to costs to which it would otherwise not have been exposed, and if unsuccessful may result in substantial losses.

C000164958 Holdings

Top 10 holdings of SA BlackRock VCP Global Multi Asset Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000164958 holdings

C000164958 Portfolio Allocation

Asset-class allocation of SA BlackRock VCP Global Multi Asset Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000164958 Performance

Total returns for C000164958 (as of 2026-10-01), from SEC filings.

C000164958 Risk Information

Risk metrics for C000164958, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 8.8%

C000164958 Costs and Fees

C000164958 costs about $117 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.17%
• Gross expense ratio: 1.19%
• Portfolio turnover: 71%
• Brokerage commissions: 1.69 bps of average net assets (SEC N-CEN)

C000164958 Cashflows

Over the 12 months to 2025-01, SA BlackRock VCP Global Multi Asset Portfolio had net outflows of $78.90M, from monthly SEC N-PORT filings.

C000164958 Debt Constituents

Largest debt holdings of SA BlackRock VCP Global Multi Asset Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000164958 Prospectus and SEC Filings

Official SA BlackRock VCP Global Multi Asset Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2024-04-26
• Prospectus (485BPOS) — filed 2023-04-27
• Prospectus (485BPOS) — filed 2022-04-26
• Portfolio holdings (N-PORT) — filed 2025-03-27
• Portfolio holdings (N-PORT) — filed 2024-12-26
• Portfolio holdings (N-PORT) — filed 2024-09-26
• Annual census (N-CEN) — filed 2025-04-11
• Annual census (N-CEN) — filed 2024-04-15

Related Funds

Other Balanced Allocation funds tracked on ABC INVEST:

• American Balanced Fund (ABALX)
• Vanguard Wellington Fund (VWELX)
• Franklin Income Fund (FKINX)
• T. Rowe Price Capital Appreciation Fund, Inc. (PRWCX)
• Vanguard Balanced Index Fund (VBINX)

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.