Form NPORT-P SUNAMERICA SERIES TRUST For: Mar 31

  
    NPORT-P
    false
    
      
      
        
          0000892538
          XXXXXXXX
        
      
      
      
      
        S000013240
        C000035587
        C000169127
      
      
      
    
  
  
    
      SUNAMERICA SERIES TRUST
      811-07238
      0000892538
      549300YDIAXUNCUXFM44
      21650 Oxnard Street, 10th Floor
      Woodland Hills
      
      91367
      800-445-7862
      SA American Funds Growth Portfolio
      S000013240
      5493008E8ET51TNJMC20
      2022-12-31
      2022-03-31
      N
    
    
      784625710.00
      776461.57
      783849248.43
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      N
      
        
          
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        AFIS Growth Fund
        B17BZT6N2A8R48VTU480
        
        030372403
        
          
        
        6739746.04300000
        NS
        USD
        783899862.26000000
        100.0064570872
        Long
        EC
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      
    
    
      2022-04-28
      SUNAMERICA SERIES TRUST
      Shawn Parry
      Shawn Parry
      Assistant Treasurer
    
  
  XXXX

SUNAMERICA SERIES TRUST

SA AMERICAN FUNDS ASSET ALLOCATION PORTFOLIO

Portfolio of Investments — March 31, 2022

(unaudited)

 

Security Description		Shares				Value (Note 1)
REGISTERED INVESTMENT COMPANIES - 100.0%
Asset Allocation Investment Companies – 100.0%
American Funds Insurance Series ® — Asset Allocation Fund, Class 1			66,840,394			$	1,848,136,907
TOTAL INVESTMENTS (cost $1,604,544,524)			100.0	%			1,848,136,907
Liabilities in excess of other assets			(0.0	)			(899,908	)
NET ASSETS			100.0	%		$	1,847,236,999

 

 

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2022 (see Note 1):

 

		Level 1-Unadjusted Quoted Prices				Level 2-Other Observable Inputs				Level 3-Significant Unobservable Inputs				Total
ASSETS:
Investments at Value:*
Registered Investment Companies		$	1,848,136,907			$	—			$	—			$	1,848,136,907

 

 

*	For a detailed presentation of investments, please refer to the Portfolio of Investments.

See Notes to Portfolio of Investments

---

SUNAMERICA SERIES TRUST

SA AMERICAN FUNDS GLOBAL GROWTH PORTFOLIO

Portfolio of Investments — March 31, 2022

(unaudited)

 

Security Description		Shares				Value (Note 1)
REGISTERED INVESTMENT COMPANIES - 100.1%
International Equity Investment Companies – 100.1%
American Funds Insurance Series ® — Global Growth Fund, Class 1			10,861,778			$	427,085,115
TOTAL INVESTMENTS (cost $316,313,901)			100.01	%			427,085,115
Liabilities in excess of other assets			(0.1	)			(228,047	)
NET ASSETS			100.0	%		$	426,857,068

 

 

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2022 (see Note 1):

 

		Level 1-Unadjusted Quoted Prices				Level 2-Other Observable Inputs				Level 3-Signifcant Unobservable Inputs				Total
ASSETS:
Investments at Value:*
Registered Investment Companies		$	427,085,115			$	—			$	—			$	427,085,115

 

 

*	For a detailed presentation of investments, please refer to the Portfolio of Investments.

See Notes to Portfolio of Investments

---

SUNAMERICA SERIES TRUST

SA AMERICAN FUNDS GROWTH PORTFOLIO

Portfolio of Investments — March 31, 2022

(unaudited)

 

Security Description		Shares				Value (Note 1)
REGISTERED INVESTMENT COMPANIES - 100.0%
Domestic Equity Investment Companies – 100.0%
American Funds Insurance Series ® — Growth Fund, Class 1			6,793,818			$	790,188,983
TOTAL INVESTMENTS (cost $625,599,202)			100.0	%			790,188,983
Liabilities in excess of other assets			(0.0	)			(393,691	)
NET ASSETS			100.0	%		$	789,795,292

 

 

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2022 (see Note 1):

 

		Level 1-Unadjusted Quoted Prices				Level 2-Other Observable Inputs				Level 3-Signifcant Unobservable Inputs				Total
ASSETS:
Investments at Value:*
Registered Investment Companies		$	790,188,983			$	—			$	—			$	790,188,983

 

 

*	For a detailed presentation of investments, please refer to the Portfolio of Investments.

See Notes to Portfolio of Investments

---

SUNAMERICA SERIES TRUST

SA AMERICAN FUNDS GROWTH-INCOME PORTFOLIO

Portfolio of Investments — March 31, 2022

(unaudited)

 

Security Description		Shares				Value (Note 1)
REGISTERED INVESTMENT COMPANIES - 100.1%
Domestic Equity Investment Companies – 100.1%
American Funds Insurance Series ® — Growth-Income Fund, Class 1			6,434,763			$	409,958,781
TOTAL INVESTMENTS (cost $319,160,894)			100.1	%			409,958,781
Liabilities in excess of other assets			(0.1	)			(224,592	)
NET ASSETS			100.0	%		$	409,734,189

 

 

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2022 (see Note 1):

 

		Level 1-Unadjusted Quoted Prices				Level 2-Other Observable Inputs				Level 3-Significant Unobservable Inputs				Total
ASSETS:
Investments at Value:*
Registered Investment Companies		$	409,958,781			$	—			$	—			$	409,958,781

 

 

*	For a detailed presentation of investments, please refer to the Portfolio of Investments.

See Notes to Portfolio of Investments

---

SUNAMERICA SERIES TRUST

SA AMERICAN FUNDS VCP MANAGED ALLOCATION PORTFOLIO

Portfolio of Investments — March 31, 2022

(unaudited)

 

Security Description		Shares				Value (Note 1)
REGISTERED INVESTMENT COMPANIES - 100.00%
Asset Allocation Investment Companies – 100.00%
American Funds Insurance Series® — Managed Risk Growth-Income, Class P1			147,065,184			$	2,147,151,684
TOTAL INVESTMENTS (cost $1,792,565,497)			100.0	%			2,147,151,684
Liabilities in excess of other assets			(0.0	)			(1,035,841	)
NET ASSETS			100.0	%		$	2,146,115,843

 

 

The following is a summary of the inputs used to value the Portfolio’s net assets as of March 31, 2022 (see Note 1):

 

		Level 1-Unadjusted Quoted Prices				Level 2-Other Observable Inputs				Level 3-Significant Unobservable Inputs				Total
ASSETS:
Investments at Value:*
Registered Investment Companies		$	2,147,151,684			$	—			$	—			$	2,147,151,684

 

 

*	For a detailed presentation of investments, please refer to the Portfolio of Investments.

See Notes to Portfolio of Investments

---

NOTES TO PORTFOLIO OF INVESTMENTS — March 31, 2022 – (unaudited)

Note 1. Security Valuation

In accordance with the authoritative guidance on fair value measurements and disclosures under GAAP, the Portfolios disclose the fair value of its investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. In accordance with GAAP, fair value is defined as the price that the Portfolios would receive upon selling an asset or transferring a liability in a timely transaction to an independent third party in the principal or most advantageous market. GAAP established a three-tier hierarchy to provide more transparency around the inputs used to measure fair value and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The three-tiers are as follows:

Level 1- Unadjusted quoted prices in active markets for identical securities

Level 2 - Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, referenced indices, quoted prices in inactive markets, adjusted quoted prices in active markets, adjusted quoted prices on foreign equity securities that were adjusted in accordance with pricing procedures approved the Board of Trustees (“the Board”), etc.).

Level 3 - Significant unobservable inputs (includes inputs that reflect the Portfolios’ own assumptions about the assumptions market participants would use in pricing the security, developed based on the best information available under the circumstances.)

Changes in valuation techniques may result in transfers in or out of an investment’s assigned Level within the hierarchy. The methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those investments and the determination of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to each security.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is recently issued and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

The summary of the Portfolios’ assets and liabilities classified in the fair value hierarchy as of March 31, 2022, is reported on a schedule at the end of each Portfolio’s Portfolio of Investments.

The net asset value (“NAV”) of each Portfolio is determined based upon the NAV of its corresponding Master Fund.

Master Funds

Each Master Fund is a series of American Funds Insurance Series^® (“AFIS”). All portfolio securities of funds managed by Capital Research and Management Company (“Capital Research”) are valued, and the NAV per share for each share class are determined, as follows:

The AFIS investment adviser values the AFIS investments at fair value as defined by U.S. GAAP. The net asset value of per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open.

Methods and inputs — The AFIS investment adviser uses the following methods and inputs to establish the fair value of each fund’s assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Equity securities are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades. The value of an underlying fund is based on its reported net asset value.

Fixed-income securities, including short-term securities, are generally valued at prices obtained from one or more pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the funds are authorized to invest. However, these classifications are not exclusive and any of the inputs may be used to value any other class of fixed-income security.

 

Fixed-income class		Examples of standard inputs
All		Benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among comparable securities; and proprietary pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference data (collectively referred to as “standard inputs”)
Corporate bonds & notes; convertible securities		Standard inputs and underlying equity of the issuer
Bonds & notes of governments & government agencies		Standard inputs and interest rate volatilities
Mortgage-backed; asset-backed obligations		Standard inputs and cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements and specific deal information
Municipal securities		Standard inputs and, for certain distressed securities, cash flows or liquidation values using a net present value calculation based on inputs that include, but are not limited to, financial statements and debt contracts

When the AFIS investment adviser deems it appropriate to do so (such as when vendor prices are unavailable or deemed to be not representative), fixed-income securities will be valued in good faith at the mean quoted bid and ask prices that are reasonably and timely available (or bid prices, if ask prices are not available) or at prices for securities of comparable maturity, quality and type.

Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the AFIS investment adviser. The Capital Group Central Corporate Bond Fund (“CCBF”), a fund within the Capital Group Central Fund Series II, and Capital Group Central Cash Fund (“CCF”), a fund within the Capital Group Central Fund Series (collectively the “Central Funds”), are each valued based upon a floating net asset value, which fluctuates with changes in the value of each fund’s portfolio securities. The underlying securities are valued based on the policies and procedures in the Central Funds’ statements of additional information. The State Street Institutional U.S. Government Money Market Fund held by the managed risk funds is managed to maintain a $1.00 net asset value per share. The net asset value of each share class of each managed risk fund is calculated based on the reported net asset values of the underlying funds in which each fund invests.

Exchange-traded options and futures are generally valued at the official closing price for options and official settlement price for futures of the exchange or market on which such instruments are traded, as of the close of business on the day such instruments are being valued. Forward currency contracts are value based on the spot and forward exchange rates obtained from one or more pricing vendors. Interest rate swaps and credit default swaps are generally valued by pricing vendors based on market inputs that include the index and term of index, reset frequency, payer/receiver, currency and pay frequency.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the AFIS investment adviser are fair valued as determined in good faith under fair value guidelines adopted by authority of the AFIS board of trustees as further described. The AFIS investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The AFIS investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security; contractual or legal restrictions on resale of the security; relevant financial or business developments of the issuer; actively traded similar or related securities; conversion or exchange rights on the security; related corporate actions; significant events occurring after the close of trading in the security; and changes in overall market conditions. In addition, the closing prices of equity securities and futures that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of each fund is determined. Fair valuations and valuations of investments and futures that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

Processes and structure — The AFIS board of trustees has delegated authority to the AFIS investment adviser to make fair value determinations, subject to board oversight. The AFIS investment adviser has established a Joint Fair Valuation Committee (the “Fair Valuation Committee”) to administer, implement and oversee the fair valuation process, and to make fair value decisions. The Fair Valuation Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the AFIS investment adviser’s valuation teams. The Fair Valuation Committee reviews changes in fair value measurements from period to period and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. The Fair Valuation Committee reports any changes to the fair valuation guidelines to the board of trustees with supplemental information to support the changes. The AFIS board and audit committee also regularly review reports that describe fair value determinations and methods.

The AFIS investment adviser has also established a Fixed-Income Pricing Review Group to administer and oversee the fixed-income valuation process, including the use of fixed-income pricing vendors. This group regularly reviews pricing vendor information and market data. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the AFIS investment adviser’s global risk management group.

ADDITIONAL INFORMATION

Additional information is available in the Trust’s Annual and Semi-Annual Reports which may be obtained without charge from the EDGAR database on the Securities and Exchange Commission’s website at www.sec.gov.

SunAmerica Series Trust has five feeder funds which invest exclusively in Class 1 Shares of the American Funds^® — Asset Allocation Fund, Global Growth Fund, Growth Fund, and Growth-Income Fund and Class P1 Shares of Managed Risk Growth-Income Fund.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Electrolit Renews Partnership with Patricio "Pato" O'Ward, Extending Sponsorship for Third Consecutive Year
• NBA LEGEND UDONIS HASLEM UNVEILS FORTY OG CANNABIS STRAIN
• Kent Outdoors Announces $100 Million Credit Facility From Eclipse Business Capital to Support Growth Strategy