SATLX — SA International Value Fund
Data updated: 2026-09-03
SATLX — SA International Value Fund. Developed ex-US Large Cap Value Equity · $619.73M AUM · 0.89% expense ratio. Holdings, fees, performance and SEC filings.
SATLX Fund Overview
SATLX — SA International Value Fund is a US mutual fund managed by Sa Funds Investment Trust, categorised as Developed ex-US Large Cap Value 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: Developed ex-US Large Cap Value Equity
- Assets under management: $619.73M
- 1-year return: -17.6%
- Ticker: SATLX
- SEC CIK: 0001075065
- SEC series ID: S000008780
- Share class ID: C000179972
SATLX Investment Objective and Strategy
SA International Value 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 purchasing securities of large non-U.S. companies using a market capitalization weighted approach in countries with developed markets that the Sub-Adviser determines to be value stocks. 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 a large company within an eligible country, 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), momentum, trading strategies, liquidity, size, value, 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 invests in companies in countries with developed markets designated by the Investment Committee of the Sub-Adviser as approved markets from time to time. The Fund is authorized to invest in the stocks of large and mid cap companies in Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.
This list of authorized countries is subject to change. Under normal market conditions, the Sub-Adviser intends to invest in companies organized or having a majority of their operating income from sources in at least three non-U.S. countries. The Fund intends to purchase securities of large companies associated with developed market countries that the Sub-Adviser has designated as approved markets. The Sub-Adviser determines the minimum market capitalization of a large company with respect to each country or region in which the Fund invests. Based on market capitalization data as of August 31, 2018, for the Fund, the lowest minimum market capitalization of a large company in any country or region in which the Fund invests would be $1.85 billion. This threshold will change due to market conditions.
The Fund may gain exposure to companies associated with approved markets by purchasing equity securities in the form of depositary receipts, which may be listed or traded outside the issuers domicile country. The Fund may lend its portfolio securities to generate additional income.
SATLX Holdings
Top 10 holdings of SA International Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Shell PLC | 3.95% |
| Banco Santander SA | 2.93% |
| TotalEnergies SE | 2.59% |
| State Street Global Advisors | 2.18% |
| Toronto-Dominion Bank/The | 1.83% |
| Sumitomo Mitsui Financial Group Inc | 1.36% |
| Zurich Insurance Group AG | 1.33% |
| Lloyds Banking Group PLC | 1.24% |
| HSBC Holdings PLC | 1.21% |
| Engie SA | 1.18% |
SATLX Portfolio Allocation
Asset-class allocation of SA International Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.2% |
| Cash & Equivalents | 2.2% |
SATLX Performance
Total returns for SATLX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -17.6% |
| 3 years (annualised) | 0.2% |
SATLX Risk Information
Risk metrics for SATLX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 18.7%
SATLX Costs and Fees
SATLX costs about $89 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.89%
- Gross expense ratio: 0.89%
- Portfolio turnover: 9%
- Brokerage commissions: 0.45 bps of average net assets (SEC N-CEN)
SATLX Cashflows
Over the 12 months to 2026-06, SA International Value Fund had net outflows of $81.52M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$8.97M |
| 2026-05 | −$7.50M |
| 2026-04 | −$9.91M |
| 2026-03 | −$9.73M |
| 2026-02 | −$11.77M |
| 2026-01 | −$12.07M |
SATLX Debt Constituents
No individual debt constituents are reported in SA International Value Fund's latest SEC N-PORT filing.
SATLX Prospectus and SEC Filings
Official SA International Value 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 Developed ex-US Large Cap Value 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.