SA Franklin Tactical Opportunities Portfolio

C000191735 Fund Overview

SA Franklin Tactical Opportunities Portfolio is a US mutual fund managed by Sunamerica Series Trust, categorised as United States Large 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 Large Cap Blend / Core Equity
• Assets under management: $110.05M
• 1-year return: 12.9%
• SEC CIK: 0000892538
• SEC series ID: S000058430
• Share class ID: C000191735

C000191735 Investment Objective and Strategy

SA Franklin Tactical 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 goals are to seek capital appreciation and income.

Principal investment strategy

The Portfolio attempts to achieve its investment goals by allocating its assets among a number of different investment strategies (or sleeves), each of which is managed by either Franklin Advisers, Inc. (Franklin), the Portfolios subadviser, or a sub-subadviser that is an affiliate of Franklin (such affiliates, together with Franklin, the subadvisers). Under normal market conditions, the Portfolio targets an allocation of approximately 70% of its net assets to equity strategies and approximately 30% of its net assets to fixed income strategies, although the Portfolios allocation to equity strategies may range from approximately 60%-80% of its net assets and its allocation to fixed income strategies may range from approximately 20%-40% of its net assets. To achieve this +/- 10% deviation from the Portfolios target equity/fixed income allocation of 70%/30%, Franklin intends to tactically adjust its exposure primarily through the use of equity index and fixed income futures.

Franklin is responsible for determining the allocation of the Portfolios assets among the Portfolios different subadvisers and sleeves. The Portfolios subadvisers and the sleeve(s) that each of them manages is set out in the table below. Subadviser Sleeve Franklin Foreign Large Blend Global Equity Intermediate Term Bond Tactical U.S. Equity Exchange- Traded Funds (ETFs) U.S. Small Cap Blend Brandywine Global Investment Management, LLC U.S. Large- Cap Value ClearBridge Investments, LLC Foreign Large Value U.S. Large- Cap Blend U.S. Large- Cap Growth The subadvisers utilize different investment strategies in managing their respective sleeve(s), act independently from one another and use their own methodologies for selecting investments. The equity securities in which the Portfolio intends to invest, or obtain exposure to, include common stock, preferred stock, rights and warrants, and depositary receipts relating to equity securities.

The Portfolio may invest in, or obtain exposure to, equity securities of U.S. and non-U.S. issuers of any market capitalization range. 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 may also use ETFs to gain exposure to the applicable asset classes. The Tactical U.S. Equity sleeve employs a strategy of tactically allocating across U.S. equity ETFs of various market capitalizations using a quantitative process. The fixed income securities in which the Portfolio intends to invest, or obtain exposure to, include corporate debt instruments, U.S. government securities, mortgage-backed securities (including collateralized mortgage obligations (CMOs) and commercial mortgage-backed securities (CMBS)), asset-backed securities, money market instruments and/or cash or cash equivalents.

The Portfolio may also utilize U.S. Treasury bond options within the Intermediate Term Bond sleeve for hedging purposes and to adjust the sleeves exposure to interest rate risk. While the Portfolio employs an active, tactical asset allocation strategy, the Portfolio places an emphasis on managing risk relative to its benchmark index, which is comprised of the following: 43% S&P 500 Index, 5% Russell 2000 Index, 22% MSCI EAFE Index (net) and 30% Bloomberg U.S. Government/Credit Index (the Blended Index). To manage the Portfolios risk relative to the Blended Index, Franklin intends to tactically adjust the Portfolios exposure by making passive index investments through the use of futures and ETFs, if required by the Portfolios risk management parameters. These risk management parameters include restrictions designed to limit how far the Portfolios returns are permitted to deviate from those of the Blended Index.

Such restrictions may result in the Portfolio having returns that track the Blended Index more consistently and more closely than would otherwise be the case. These restrictions may prevent a significant deviation from the returns of the Blended Index, but may also limit the Portfolios ability to outperform the returns of the Blended Index. The subadvisers may engage in frequent and active trading of portfolio securities.

C000191735 Holdings

Top 10 holdings of SA Franklin Tactical Opportunities Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000191735 holdings

C000191735 Portfolio Allocation

Asset-class allocation of SA Franklin Tactical Opportunities Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000191735 Performance

Total returns for C000191735 (as of 2026-10-01), from SEC filings.

C000191735 Risk Information

Risk metrics for C000191735, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 8.1%

C000191735 Costs and Fees

C000191735 costs about $82 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.82%
• Gross expense ratio: 0.98%
• Portfolio turnover: 82%
• Brokerage commissions: 2.29 bps of average net assets (SEC N-CEN)

C000191735 Cashflows

Over the 12 months to 2026-07, SA Franklin Tactical Opportunities Portfolio had net outflows of $1.15M, from monthly SEC N-PORT filings.

C000191735 Debt Constituents

Largest debt holdings of SA Franklin Tactical Opportunities Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000191735 Prospectus and SEC Filings

Official SA Franklin Tactical 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 United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:

• Vanguard Total Stock Market Index Fund (VTSMX)
• Vanguard 500 Index Fund (VFINX)
• iShares Core S&P 500 ETF (IVV)
• Fidelity 500 Index Fund (FXAIX)
• Vanguard Institutional Index Fund (VINIX)

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.