SA VCP Dynamic Strategy Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, SA VCP Dynamic Strategy Portfolio held 66 positions with $4.62B in net assets. Its ten largest holdings made up 42.0% of the fund. Its share classes cost 0.78%–1.03% a year. Over the 12 months to May 2026, it returned 16.0%, with dividends reinvested. In 2026 Q3 it added 8 new positions and exited 6.
The Portfolios investment goals are capital appreciation and current income while managing net equity exposure.
The fund invests approximately 70% to 90% of assets in underlying portfolios holding equities and fixed income securities, with the remainder in an overlay component of derivatives, fixed income securities, and short-term investments managed by a subadviser. The subadviser uses derivative instruments to adjust the fund's net equity exposure between a minimum of 25% and a maximum of 100%, with a long-term average target of approximately 60% to 65%, and may purchase equity index put options to reduce exposure to severe market events. Because the fund's net equity exposure is actively managed through derivatives rather than held passively, actual allocations and returns will diverge from the underlying portfolio targets based on the subadviser's volatility assessments. The fund is structured as a fund of funds with day-to-day management of the overlay component delegated to AllianceBernstein L.P.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
SA LARGE CAP INDEX PORT | 10.83% | $499.79M | 11.7M | $42.86 |
SA LG CAP VALUE INDEX PORT | 5.09% | $235.22M | 11.6M | $20.22 |
SA JPMORGAN MFS CORE BOND PORT | 4.13% | $190.71M | 23.0M | $8.28 |
SA LG CAP GROWTH INDEX PORT | 4.11% | $189.82M | 5.9M | $31.97 |
SunAmerica Series Trust - SA Oppenheimer Main Street Large Cap Portfolio | 3.48% | $160.59M | 6.6M | $24.31 |
SA LEGG MASON BW LG CAP VALUE | 3.23% | $149.24M | 6.9M | $21.78 |
SunAmerica Series Trust - SA AB Growth Portfolio | 2.94% | $135.61M | 2.2M | $61.24 |
SA WELLINGTON GOV AND QUALITY | 2.81% | $129.58M | 9.9M | $13.13 |
SA MM DIVERSIFIED FIXED INC | 2.77% | $127.88M | 12.5M | $10.19 |
SunAmerica Series Trust - SA Dogs of Wall Street Portfolio | 2.60% | $119.90M | 7.5M | $15.92 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 66 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 71.17% |
| Bonds | 23.66% |
| Securitized | 3.35% |
| Cash & short-term | 1.33% |
| 2 smaller | 0.67% |
Look-through blends 41 underlying funds; 7.614% of NAV was not looked through and stays direct-classified.
How it has done
C000115991 share class · total returns with dividends reinvested
Volatility over the last 12 months: 7.57%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Fees & fund details
SA VCP Dynamic Strategy Portfolio is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.78% – 1.03%
- Portfolio turnover
- 16.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
8 new· the largest 5
6 exited· the largest 3
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| 5-10y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
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