SA Schroders VCP Global Allocation Portfolio
Data updated: 2026-09-28
C000171604 — SA Schroders VCP Global Allocation Portfolio. Balanced Allocation · $391.99M AUM. Holdings, fees, performance and SEC filings.
C000171604 Fund Overview
SA Schroders VCP Global Allocation 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: $391.99M
- 1-year return: 10.8%
- SEC CIK: 0000892538
- SEC series ID: S000052511
- Share class ID: C000171604
C000171604 Investment Objective and Strategy
SA Schroders VCP Global 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 to seek capital appreciation and income while managing portfolio volatility.
Principal investment strategy
The Portfolio seeks to achieve its investment goal through flexible asset allocation driven by tactical and thematic ideas. The Portfolio obtains broad exposure to equity, fixed income and currency asset classes by investing in securities, exchange-traded funds (ETFs) and derivatives that provide exposure to these asset classes. 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 60% of its net assets to equity exposure and approximately 40% of its net assets to fixed income exposure, although the Portfolios equity exposure may range from approximately 50-70% of its net assets and its fixed income exposure may range from approximately 20-50% of its net assets. The Portfolios overall net equity exposure may be reduced to less than 50% and the net fixed income exposure to less than 20% through the volatility control process described below. The subadviser makes use of fundamental macro research and proprietary asset allocation models to aid the asset allocation decision making process. By adjusting investment exposures among the various asset classes in the Portfolio, the subadviser seeks to reduce overall portfolio volatility and mitigate the effects of extreme market environments, while continuing to pursue the Portfolios investment goal.
The equity securities in which the Portfolio intends to invest, or obtain exposure to, include common and preferred stocks, warrants and convertible securities. The Portfolio may invest in, or obtain exposure to, equity securities of companies of any market capitalization. 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 equity securities of emerging market issuers to 10% of its net assets. The Portfolios fixed income exposure will be obtained through investment in, or exposure to, a range of fixed income instruments, including U.S. corporate debt securities, U.S. Government securities, foreign sovereign debt and supranational debt.
The Portfolio may also invest in or obtain exposure to, other fixed income securities, including mortgage-backed and asset-backed securities, collateralized debt obligations, municipal securities, variable and floating rate obligations, zero coupon bonds, and TIPS. In selecting securities for the Portfolio, the subadviser integrates environmental, social and governance (ESG) factors into its investment process. The subadviser evaluates the impact and risk around issues such as climate change, environmental performance, labor standards and corporate governance, which it views as important in its assessment of an issuers risk and potential for profitability. The Portfolio may make substantial use of derivatives. The subadviser may seek to obtain, or reduce, exposure to one or more asset classes through the use of exchange-traded or over-the-counter derivatives, such as futures contracts, currency forwards, interest rate swaps, total return swaps, credit default swaps, inflation swaps, options (puts and calls) purchased or sold by the Portfolio, and structured notes.
The Portfolio may use derivatives for a variety of purposes, including: as a hedge against adverse changes in the market price of securities, interest rates, or currency exchange rates; as a substitute for purchasing or selling securities; to increase the Portfolios return as a non-hedging strategy that may be considered speculative; and to manage portfolio characteristics. The Portfolio incorporates a volatility control process that seeks to limit the volatility of the Portfolio to 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. The subadviser may use a variety of equity and fixed income futures and currency forwards as the principal tools to implement the volatility management strategy.
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. Due to this volatility control process, the percentage of the Portfolios assets invested in cash and short-term cash equivalents will vary and may be significant during times of severe and unanticipated market events. Substantial holdings in cash or cash equivalents could reduce the magnitude of losses incurred by the Portfolio during periods of falling markets or cause the Portfolio to miss investment opportunities during periods of rising markets. 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 level. The Portfolios target maximum 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 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.
C000171604 Holdings
Top 10 holdings of SA Schroders VCP Global Allocation Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| United States Treasury | 5.31% |
| State Street Institutional US Government Money Market Fund | 2.40% |
| NVIDIA Corp | 1.89% |
| Apple Inc | 1.60% |
| Microsoft Corp | 1.40% |
| Alphabet Inc | 1.20% |
| Amazon.com Inc | 1.04% |
| Taiwan Semiconductor Manufacturing Co Ltd | 1.04% |
| ASML Holding NV | 0.77% |
| Broadcom Inc | 0.76% |
C000171604 Portfolio Allocation
Asset-class allocation of SA Schroders VCP Global Allocation Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 49.0% |
| Fixed Income | 42.9% |
| Cash & Equivalents | 5.3% |
| Derivatives | 0.4% |
C000171604 Performance
Total returns for C000171604 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.6% |
| 1 year | 10.8% |
| 3 years (annualised) | 11.1% |
| 5 years (annualised) | 5.1% |
C000171604 Risk Information
Risk metrics for C000171604, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.6%
C000171604 Costs and Fees
C000171604 costs about $91 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.91%
- Gross expense ratio: 0.94%
- Portfolio turnover: 59%
- Brokerage commissions: 2.19 bps of average net assets (SEC N-CEN)
C000171604 Cashflows
Over the 12 months to 2026-07, SA Schroders VCP Global Allocation Portfolio had net outflows of $59.44M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | −$7.76M |
| 2026-06 | −$5.43M |
| 2026-05 | −$5.94M |
| 2026-04 | −$2.29M |
| 2026-03 | −$6.85M |
| 2026-02 | −$5.99M |
C000171604 Debt Constituents
Largest debt holdings of SA Schroders VCP Global Allocation Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Bank Of America Corp. | 0.68% |
| General Motors Finl Co. | 0.45% |
| M&t Bank Corporation | 0.44% |
| Ubs Group AG | 0.43% |
| Tractor Supply Co. | 0.43% |
| Dell Int LLC / Emc Corp. | 0.43% |
| Cheniere Energy Partners | 0.42% |
| Space Exploration Tech | 0.42% |
| Wells Fargo & Company | 0.41% |
| Comcast Corp. | 0.39% |
C000171604 Prospectus and SEC Filings
Official SA Schroders VCP Global 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 2026-09-28
- 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 Balanced Allocation 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.