SAALX — SA U.S. Core Market Fund

SAALX Fund Overview

SAALX — SA U.S. Core Market Fund is a US mutual fund managed by Sa Funds Investment 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: Sa Funds Investment Trust
• Category: United States Large Cap Blend / Core Equity
• Assets under management: $744.78M
• 1-year return: -16.2%
• Ticker: SAALX
• SEC CIK: 0001075065
• SEC series ID: S000008777
• Share class ID: C000179969

SAALX Investment Objective and Strategy

SA U.S. Core Market Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Sa Funds Investment Trust.

Investment objective

The Funds goal is to achieve long-term capital appreciation.

Principal investment strategy

The Fund pursues its goal by generally investing in a broad and diverse group of readily marketable equity securities listed on the New York Stock Exchange (NYSE), NYSE American LLC, Nasdaq Global Market , Nasdaq Capital Market , or such other securities exchanges deemed appropriate by the Sub-Adviser. The Sub-Adviser limits the universe of eligible securities in which the Fund may invest to those of companies whose market capitalizations generally are either in the highest 96% of total market capitalization or companies whose market capitalizations are larger than the 1,500th largest U.S. company, whichever results in the higher market capitalization threshold. Under the Sub-Advisers market capitalization guidelines described above, based on market capitalization data as of August 31, 2018, the market capitalization of an eligible company would be approximately $2.2 billion or above.

This dollar amount will vary due to market conditions. The Fund has a non-fundamental investment policy that, under normal circumstances, it will invest at least 80% of its net assets in U.S. securities. The Sub-Adviser uses a market capitalization weighted approach to weight the securities in the Funds portfolio. In general, this means that the higher the relative market capitalization of the issuer, the greater its representation in the Fund. The Sub-Adviser may, in its discretion, adjust the representation in the Fund of an eligible company, or exclude an eligible company, after considering such factors as free float (a companys share capital that is freely available for trading), profitability, trading strategies, liquidity, size, value, momentum and other factors that it determines to be appropriate given market conditions.

In assessing profitability, the Sub-Adviser may consider different ratios, such as earnings or profits from operations relative to book value or assets. The criteria the Sub-Adviser uses for assessing value or profitability are subject to change from time to time. The Fund may also invest up to 5% of its total assets in the U.S. Micro Cap Portfolio, a portfolio of DFA Investment Dimensions Group Inc., a separate registered investment company. The Sub-Adviser is also the adviser of the U.S. Micro Cap Portfolio. The U.S. Micro Cap Portfolio generally will purchase a broad and diverse group of securities of micro cap companies listed on the NYSE, NYSE American LLC, Nasdaq Global Market , Nasdaq Capital Market , or such other securities exchanges deemed appropriate by the Sub-Adviser. The Fund may lend its portfolio securities to generate additional income.

SAALX Holdings

Top 10 holdings of SA U.S. Core Market Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all SAALX holdings

SAALX Portfolio Allocation

Asset-class allocation of SA U.S. Core Market Fund by percentage of net assets, from the latest SEC N-PORT filing.

SAALX Performance

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

SAALX Risk Information

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

• 1-year volatility (annualised): 21.4%

SAALX Costs and Fees

SAALX costs about $68 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.68%
• Gross expense ratio: 0.68%
• Portfolio turnover: 1%
• Brokerage commissions: 0.02 bps of average net assets (SEC N-CEN)

SAALX Cashflows

Over the 12 months to 2026-06, SA U.S. Core Market Fund had net outflows of $54.89M, from monthly SEC N-PORT filings.

SAALX Debt Constituents

No individual debt constituents are reported in SA U.S. Core Market Fund's latest SEC N-PORT filing.

SAALX Prospectus and SEC Filings

Official SA U.S. Core Market Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-10-24
• Prospectus (485BPOS) — filed 2024-10-28
• Prospectus amendment (485APOS) — filed 2024-08-29
• Portfolio holdings (N-PORT) — filed 2026-08-27
• Portfolio holdings (N-PORT) — filed 2026-05-26
• Portfolio holdings (N-PORT) — filed 2026-02-26
• Annual census (N-CEN) — filed 2026-09-03
• Annual census (N-CEN) — filed 2025-09-05

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.