SASLX — SA U.S. Small Company Fund
Data updated: 2026-09-03
SASLX — SA U.S. Small Company Fund. United States Small Cap Blend / Core Equity · $357.79M AUM. Holdings, fees, performance and SEC filings.
SASLX Fund Overview
SASLX — SA U.S. Small Company Fund is a US mutual fund managed by Sa Funds Investment Trust, categorised as United States Small 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 Small Cap Blend / Core Equity
- Assets under management: $357.79M
- 1-year return: -16.1%
- Ticker: SASLX
- SEC CIK: 0001075065
- SEC series ID: S000008779
- Share class ID: C000179971
SASLX Investment Objective and Strategy
SA U.S. Small Company 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 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 generally considers small cap companies to be companies whose market capitalizations generally are either in the lowest 12.5% of total market capitalization or companies whose market capitalizations are smaller than the 1,000th 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 $7.1 billion or below.
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 securities of U.S. small cap companies. Using a market capitalization weighted approach, the Sub-Adviser purchases a broad and diverse group of readily marketable securities of U.S. small cap companies. A companys market capitalization is the number of its shares outstanding times its price per share. In general, the higher the relative market capitalization of the U.S. small cap company, the greater its representation in the Fund. The Sub-Adviser may adjust the representation in the Fund of an eligible company, or exclude a company, after considering such factors as free float (a companys share capital that is freely available for trading), size, value, momentum, trading strategies, liquidity, profitability, and other factors that the Sub-Adviser determines to be appropriate, given market conditions.
Securities are considered value stocks primarily because a companys shares have a low price in relation to their book value. In assessing value, the Sub-Adviser may consider additional factors such as price to cash flow or price to earnings ratios. In assessing profitability, the Sub-Adviser may consider different ratios, such as that of 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 lend its portfolio securities to generate additional income.
SASLX Holdings
Top 10 holdings of SA U.S. Small Company Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| ATI Inc | 0.75% |
| Carpenter Technology Corp | 0.67% |
| Ciena Corp | 0.66% |
| Flex Ltd | 0.63% |
| Amkor Technology Inc | 0.59% |
| State Street Global Advisors | 0.56% |
| Sterling Infrastructure Inc | 0.55% |
| DaVita Inc | 0.53% |
| Casey's General Stores Inc | 0.50% |
| Toll Brothers Inc | 0.48% |
SASLX Portfolio Allocation
Asset-class allocation of SA U.S. Small Company Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.0% |
| Cash & Equivalents | 0.6% |
SASLX Performance
Total returns for SASLX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -16.1% |
| 3 years (annualised) | 6.0% |
SASLX Risk Information
Risk metrics for SASLX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 21.2%
SASLX Costs and Fees
SASLX costs about $87 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.87%
- Gross expense ratio: 0.87%
- Portfolio turnover: 3%
- Brokerage commissions: 0.76 bps of average net assets (SEC N-CEN)
SASLX Cashflows
Over the 12 months to 2026-06, SA U.S. Small Company Fund had net outflows of $25.24M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$2.88M |
| 2026-05 | −$3.06M |
| 2026-04 | −$3.08M |
| 2026-03 | −$1.34M |
| 2026-02 | −$2.27M |
| 2026-01 | −$2.65M |
SASLX Debt Constituents
No individual debt constituents are reported in SA U.S. Small Company Fund's latest SEC N-PORT filing.
SASLX Prospectus and SEC Filings
Official SA U.S. Small Company 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 Small Cap Blend / Core Equity 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.