SASCX — AIG Small-Cap Fund
Data updated: 2021-06-29
SASCX — AIG Small-Cap Fund. Capital Appreciation / Growth Allocation · $41.15M AUM · 1.25% expense ratio. Holdings, fees, performance and SEC filings.
SASCX Fund Overview
SASCX — AIG Small-Cap Fund is a US mutual fund managed by SunAmerica Specialty Series, categorised as Capital Appreciation / Growth 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 Specialty Series
- Category: Capital Appreciation / Growth Allocation
- Assets under management: $41.15M
- 1-year return: 63.0%
- Ticker: SASCX
- SEC CIK: 0001274768
- SEC series ID: S000044068
- Share class ID: C000136749
SASCX Investment Objective and Strategy
AIG Small-Cap Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by SunAmerica Specialty Series.
Investment objective
"The investment objective of the AIG Small-Cap Fund (the ""Fund"") is long-term growth of capital."
Principal investment strategy
"Under normal circumstances, the Fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in equity securities of small-capitalization (""small-cap"") companies. Small-cap companies will generally include companies whose market capitalizations are equal to or less than the largest company in the Russell 2000 Index (the ""Small Cap Index"") during the most recent 12-month period. For the most recent annual reconstitution published as of May 12, 2017, the market capitalization range of companies in the Small Cap Index was approximately $144 million to $4.37 billion, which range will vary daily. The Fund expects to invest primarily in common stocks. The Fund seeks to achieve its investment objective primarily by strategically allocating its assets between a small-cap index strategy and a micro-capitalization (""micro-cap"") growth strategy.
SunAmerica, the Fund's investment adviser, manages the small-cap strategy (the ""Index Sleeve"") and Cadence Capital Management, LLC (""Cadence"" or the ""Subadviser""), the Fund's subadviser, manages the micro-cap growth strategy (the ""Micro-Cap Sleeve""). SunAmerica is responsible for determining the allocation between the Index Sleeve and the Micro-Cap Sleeve (collectively, the ""sleeves"") of the Fund. The Fund will invest approximately 40-60% of its assets in each portion of the Fund. These percentages reflect the projected asset allocations under normal market conditions and may be rebalanced from time to time, at the discretion of SunAmerica. The investment objective, principal investment strategies and principal investment techniques of the Fund may be changed without shareholder approval.
Index Sleeve. The Index Sleeve is managed to seek to track the performance of the Small Cap Index, which measures the performance of the 2,000 small-cap companies in the Russell 3000 Index. The portfolio manager of the Index Sleeve may endeavor to track the Small Cap Index by purchasing every stock included in the Small Cap Index, in the same proportions, or, in the alternative, may invest in a sampling of Small Cap Index stocks by utilizing a statistical technique known as ""optimization."" The goal of optimization is to select stocks that ensure that various industry weightings, market capitalizations, and fundamental characteristics ( e.g. , price-to-book, price-to-earnings, debt-to-asset ratios and dividend yields) closely approximate those of the Small Cap Index. Although the Index Sleeve seeks to track the performance of the Small Cap Index, the performance of the Index Sleeve will not match that of the Small Cap Index exactly because, among other reasons, the Fund incurs operating expenses and other investment overhead as part of its normal operations.
Micro-Cap Sleeve. The principal investment technique of the Micro-Cap Sleeve is to invest in common stocks of small-cap or micro-cap U.S. emerging companies with market capitalizations within the range of the Russell Microcap Index (""Microcap Index"") and the Small Cap Index. Micro-cap companies will generally include companies whose market capitalizations are equal to or less than the largest company in the Microcap Index during the most recent 12-month period. For the most recent annual reconstitution published as of May 12, 2017, the market capitalization range of companies in the Microcap Index was approximately $30 million to $981 million, which range will vary daily. ""Emerging companies"" are companies that Cadence believes: have improving fundamentals; are developing new products or technologies, entering new markets or growing market share within existing markets; and whose stock is reasonably valued by the market.
Cadence employs a ""growth-at-a-reasonable-price"" investment philosophy, allowing the Fund to invest in companies that exhibit both growth and value characteristics. For example, Cadence seeks to find small- or micro-cap, emerging companies that have improving fundamentals (based on growth criteria) and whose stock Cadence believes to be reasonably valued by the market (based on value criteria)."
SASCX Performance
Total returns for SASCX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 63.0% |
SASCX Risk Information
Risk metrics for SASCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 17.2%
SASCX Costs and Fees
SASCX costs about $125 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.25%
- Gross expense ratio: 2.37%
- Portfolio turnover: 68%
- Brokerage commissions: 32.26 bps of average net assets (SEC N-CEN)
SASCX Cashflows
Over the 12 months to 2021-04, AIG Small-Cap Fund had net outflows of $10.93M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-04 | −$1.69M |
| 2021-03 | −$1.31M |
| 2021-02 | −$921.20K |
| 2021-01 | −$3.86M |
| 2020-12 | −$724.53K |
| 2020-11 | −$446.54K |
SASCX Debt Constituents
No individual debt constituents are reported in AIG Small-Cap Fund's latest SEC N-PORT filing.
SASCX Prospectus and SEC Filings
Official AIG Small-Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-02-26
- Prospectus (485BPOS) — filed 2020-12-15
- Prospectus (485BPOS) — filed 2020-03-11
- Portfolio holdings (N-PORT) — filed 2021-06-29
- Portfolio holdings (N-PORT) — filed 2021-03-31
- Portfolio holdings (N-PORT) — filed 2020-12-22
- Annual census (N-CEN) — filed 2021-01-14
- Annual census (N-CEN) — filed 2020-01-13
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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.