SFLAX — AIG Focused Alpha Large-Cap Fund
Data updated: 2021-06-29
SFLAX — AIG Focused Alpha Large-Cap Fund. Capital Appreciation / Growth Allocation · $763.62M AUM. Holdings, fees, performance and SEC filings.
SFLAX Fund Overview
SFLAX — AIG Focused Alpha Large-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: $763.62M
- 1-year return: 40.5%
- Ticker: SFLAX
- SEC CIK: 0001274768
- SEC series ID: S000034413
- Share class ID: C000105873
SFLAX Investment Objective and Strategy
AIG Focused Alpha Large-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 goal of the AIG Focused Alpha Large-Cap Fund (the ""Fund"") is growth of capital."
Principal investment strategy
"The Fund's principal investment strategies are growth, value and ""focused."" The growth-oriented philosophy to which the Fund partly subscribes that of investing in securities believed to offer the potential for growth of capital focuses on securities considered to have, among other factors, the potential for above-average earnings growth; to offer proven or unique products or services; or to operate in industries experiencing increasing demand. The value-oriented philosophy to which the Fund partly subscribes is that of investing in securities believed to be undervalued in the market. The selection criteria is usually calculated to identify stocks of companies with solid financial strength that have attractive valuations ( e.g ., as measured by low price-earnings ratios) and that may have generally been overlooked by the market.
A focused strategy is one in which an investment adviser actively invests in a small number of holdings which constitute its favorite stock-picking ideas at any given moment. A focus philosophy reflects the belief that, over time, the performance of most investment managers' ""highest confidence"" stocks exceeds that of their more diversified portfolios. The Fund is managed by two subadvisers, one manages the large-cap growth portion of the Fund and the other manages the large-cap value portion of the Fund. Each subadviser may emphasize either a growth or a value orientation, respectively, or a core orientation ( i.e. , stocks with both growth and value characteristics) at any particular time. Each subadviser will generally invest in approximately 10 to 20 securities, and the Fund will hold up to a total of 40 securities.
Examples of when the Fund may hold more than the specified number of securities include, but are not limited to, re-balancing or purchase and sale transactions, including where a new subadviser is selected to manage the Fund or a portion of the Fund's assets. The Fund will invest approximately 50% of its assets in the large-cap growth portion of the Fund and 50% of its assets in the large-cap value portion of the Fund. These percentages reflect the projected asset allocations under normal market conditions and may be rebalanced from time to time. The principal investment technique of the Fund is active trading of equity securities to achieve a blend of growth companies, value companies and companies that have elements of growth and value, issued by large-cap companies that offer the potential for growth of capital.
Although the Fund will invest primarily in U.S. markets, each subadviser may invest in foreign securities, including securities of companies in emerging markets. The subadviser to the large-cap growth portion of the Fund will invest in companies primarily selected on the basis of company fundamentals, but may also consider macroeconomic and other factors. The subadviser to the large-cap value portion of the Fund will invest in companies primarily selected by utilizing a proprietary quantitative model combined with fundamental analysis. Under normal market conditions, at least 80% of the Fund's net assets, plus any borrowings for investment purposes, will be invested in large-cap companies. Large-cap companies will generally include companies whose market capitalizations at the time of purchase are equal to or greater than the median market capitalization of companies in the Russell 1000 Index.
For the most recent annual reconstitution published as of May 12, 2017, the market capitalization range of companies in the Russell 1000 Index was approximately $2.4 billion to $814.9 billion, and the median market capitalization was approximately $9.1 billion. The market capitalizations of companies in the Fund's portfolio and the Russell 1000 Index change over time. Companies that fall outside this definition of large-cap companies after the Fund has purchased their securities will continue to be considered large-cap companies for purposes of the Fund's 80% investment policy; however, additional purchases of these companies will not qualify as such unless, at the time of purchase, the company is able to satisfy this definition. The principal investment strategies and principal investment techniques of the Fund may be changed without shareholder approval.
Shareholders will receive at least sixty (60) days' notice of any change to the 80% investment policy set forth above."
SFLAX Performance
Total returns for SFLAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 40.5% |
SFLAX Risk Information
Risk metrics for SFLAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 15.4%
SFLAX Costs and Fees
SFLAX costs about $151 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.51%
- Gross expense ratio: 1.50%
- Portfolio turnover: 75%
- Brokerage commissions: 5.51 bps of average net assets (SEC N-CEN)
SFLAX Cashflows
Over the 12 months to 2021-04, AIG Focused Alpha Large-Cap Fund had net inflows of $14.28M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-04 | −$8.14M |
| 2021-03 | −$6.28M |
| 2021-02 | $1.88M |
| 2021-01 | −$4.58M |
| 2020-12 | $52.95M |
| 2020-11 | −$2.53M |
SFLAX Debt Constituents
No individual debt constituents are reported in AIG Focused Alpha Large-Cap Fund's latest SEC N-PORT filing.
SFLAX Prospectus and SEC Filings
Official AIG Focused Alpha Large-Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-02-26
- Prospectus (485BPOS) — filed 2020-03-11
- Prospectus (485BPOS) — filed 2019-03-11
- 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.