SA T. Rowe Price VCP Balanced Portfolio

C000171605 Fund Overview

SA T. Rowe Price VCP Balanced 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: $1.34B
• 1-year return: 14.7%
• SEC CIK: 0000892538
• SEC series ID: S000052512
• Share class ID: C000171605

C000171605 Investment Objective and Strategy

SA T. Rowe Price VCP Balanced 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 normally invests approximately 65% of its total assets in common stocks and 35% of its total assets in fixed income securities. The Portfolio invests in securities of both U.S. and foreign corporate and governmental issuers, including emerging market issuers. The Portfolio (not including its overlay component) will invest at least 25% of its total assets in fixed income senior securities and at least 25% of its total assets in equity securities. In addition, the subadviser employs a VCP (Volatility Control Portfolio) risk management process intended to manage the volatility level of the Portfolios annual returns. The Portfolio may, at times, invest significantly in certain sectors, such as the information technology sector. When deciding upon overall allocations between stocks and fixed income securities, the subadviser may favor fixed income securities if the economy is expected to slow sufficiently to hurt corporate profit growth.

When strong economic growth is expected, the subadviser may favor stocks. The fixed income securities in which the Portfolio intends to invest, including the foreign fixed income securities, are primarily investment grade and are chosen from across the entire government, corporate, and asset- and mortgage-backed securities markets. Maturities generally reflect the subadvisers outlook for interest rates. When selecting particular stocks, the subadviser will examine relative values and prospects among growth- and value-oriented stocks, domestic and foreign stocks, small- to large-cap stocks, and stocks of companies involved in activities related to commodities and other real assets. Domestic stocks are drawn from the overall U.S. market and foreign stocks are selected primarily from large companies in developed countries, although stocks in emerging markets may also be purchased.

This process draws heavily upon the proprietary stock research expertise of the subadviser. While the Portfolio maintains a well-diversified portfolio, the subadviser may at a particular time shift stock selection toward markets or market sectors that appear to offer attractive value and appreciation potential. A similar security selection process applies to fixed income securities. When deciding whether to adjust duration, credit risk exposure, or allocations among the various sectors (for example, junk bonds, mortgage- and asset-backed securities, foreign fixed income securities and emerging market fixed income securities), the subadviser weighs such factors as the outlook for inflation and the economy, corporate earnings, expected interest rate movements and currency valuations, and the yield advantage that lower-rated fixed income securities may offer over investment grade fixed income securities.

Securities may be sold for a variety of reasons, such as to effect a change in asset allocation, secure a gain, limit a loss, or redeploy assets into more promising opportunities. The Portfolio targets a volatility level of 10% within a range of 9% to 13%. 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 expects to use a variety of equity index and fixed income futures and currency forwards as the principal tools to implement this volatility management strategy. The Portfolios overall equity exposure may be reduced to approximately 20% as a result of 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.

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 level. The Portfolios target 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 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.

C000171605 Holdings

Top 10 holdings of SA T. Rowe Price VCP Balanced Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000171605 holdings

C000171605 Portfolio Allocation

Asset-class allocation of SA T. Rowe Price VCP Balanced Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000171605 Performance

Total returns for C000171605 (as of 2026-10-01), from SEC filings.

C000171605 Risk Information

Risk metrics for C000171605, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 9.9%

C000171605 Costs and Fees

C000171605 costs about $84 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.84%
• Gross expense ratio: 0.84%
• Portfolio turnover: 39%
• Brokerage commissions: 1.75 bps of average net assets (SEC N-CEN)

C000171605 Cashflows

Over the 12 months to 2026-07, SA T. Rowe Price VCP Balanced Portfolio had net outflows of $102.28M, from monthly SEC N-PORT filings.

C000171605 Debt Constituents

Largest debt holdings of SA T. Rowe Price VCP Balanced Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000171605 Prospectus and SEC Filings

Official SA T. Rowe Price VCP Balanced 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:

• 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.