SA U.S. Value Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
13.7%
1 yr return
24.1%
3 Yr Avg Return
6.7%
5 Yr Avg Return
9.0%
Net Assets
$570 M
Holdings in Top 10
25.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.74%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 5.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SABTX - Profile
Distributions
- YTD Total Return 13.7%
- 3 Yr Annualized Total Return 6.7%
- 5 Yr Annualized Total Return 9.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.24%
- Dividend Yield 1.5%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameSA U.S. Value Fund
-
Fund Family NameSA FUNDS INVESTMENT TRUST
-
Inception DateJan 11, 2001
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJed Fogdall
Fund Description
To achieve the Fund’s investment objective, Dimensional Fund Advisors LP (the “Sub-Adviser”) implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions. As further described below, the Fund’s design emphasizes long-term drivers of expected returns identified by the Sub-Adviser’s research, while balancing risk through broad diversification across companies and sectors. The Sub-Adviser’s portfolio management and trading processes further balance those long-term drivers of expected returns with shorter-term drivers of expected returns and trading costs.
The Fund is designed to purchase a broad and diverse group of readily marketable equity securities of large and mid cap U.S. companies listed on a securities exchange in the United States that is deemed appropriate by the Sub-Adviser, that the Sub-Adviser believes are “value” stocks at the time of investment.
The Sub-Adviser generally considers large and mid cap companies to be companies whose market capitalizations are generally in the highest 90% of total market capitalization or companies whose market capitalizations are larger than or equal to the 1,000th largest U.S. company, whichever results in the higher market capitalization threshold. Total market capitalization is based on the market capitalization of eligible U.S. operating companies listed on a securities exchange in the United States that is deemed appropriate by the Sub-Adviser. Under the Sub-Adviser’s market capitalization guidelines described above, based on market capitalization data as of August 31, 2024, the market capitalization of an eligible company would be approximately $12.2 billion or above. 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 U.S. securities.
The Sub-Adviser uses a market capitalization weighted approach to weight the securities in the Fund’s portfolio. A company’s market capitalization is the number of its shares outstanding times its price per share. Under a market capitalization weighted approach, companies with higher market capitalizations generally represent a larger proportion of the Fund than companies with relatively lower market capitalizations. The Sub-Adviser may overweight certain stocks, including smaller companies, lower relative price stocks and/or higher profitability stocks within the large-cap value and mid-cap value segments of the U.S. market. An equity issuer is considered to have a low relative price (i.e., a value stock) primarily because it has a low price in relation to its book value. In assessing relative price, the Sub-Adviser may consider additional factors such as price-to-cash flow or price-to-earnings ratios. An equity issuer is considered to have high profitability because it has high earnings or profits from operations in relation to its book value or assets. The criteria the Sub-Adviser uses for assessing relative price and profitability are subject to change from time to time.
The Sub-Adviser may also increase or reduce the Fund’s exposure to an eligible company, or exclude a company, based on shorter-term considerations, such as a company’s price momentum and short-run reversals. In addition, the Sub-Adviser seeks to reduce trading costs using a flexible trading approach that looks for opportunities to participate in the available market liquidity, while managing turnover and explicit transaction costs.
The Fund may lend its portfolio securities to generate additional income.
SABTX - Performance
Return Ranking - Trailing
Period | SABTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 13.7% | -10.8% | 38.0% | 67.75% |
1 Yr | 24.1% | 4.1% | 61.3% | 61.82% |
3 Yr | 6.7%* | -4.1% | 30.7% | 59.15% |
5 Yr | 9.0%* | -0.8% | 45.1% | 75.87% |
10 Yr | 8.5%* | 1.5% | 25.1% | 63.28% |
* Annualized
Return Ranking - Calendar
Period | SABTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.9% | -16.9% | 46.1% | 28.27% |
2022 | -13.1% | -64.7% | 4.6% | 60.97% |
2021 | 21.7% | -44.2% | 57.5% | 24.33% |
2020 | -3.5% | -23.2% | 285.0% | 76.26% |
2019 | 18.7% | -21.4% | 48.5% | 55.17% |
Total Return Ranking - Trailing
Period | SABTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 13.7% | -10.8% | 38.0% | 67.75% |
1 Yr | 24.1% | 4.1% | 61.3% | 61.82% |
3 Yr | 6.7%* | -4.1% | 30.7% | 59.15% |
5 Yr | 9.0%* | -0.8% | 45.1% | 75.87% |
10 Yr | 8.5%* | 1.5% | 25.1% | 63.28% |
* Annualized
Total Return Ranking - Calendar
Period | SABTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.8% | -15.9% | 46.7% | 44.20% |
2022 | -6.4% | -42.0% | 8.5% | 57.14% |
2021 | 27.0% | 3.6% | 129.7% | 38.46% |
2020 | -2.0% | -22.6% | 304.8% | 88.47% |
2019 | 24.8% | -12.7% | 52.1% | 60.34% |
NAV & Total Return History
SABTX - Holdings
Concentration Analysis
SABTX | Category Low | Category High | SABTX % Rank | |
---|---|---|---|---|
Net Assets | 570 M | 1.97 M | 163 B | 59.60% |
Number of Holdings | 261 | 2 | 1727 | 6.34% |
Net Assets in Top 10 | 140 M | 433 K | 37.8 B | 62.17% |
Weighting of Top 10 | 25.53% | 4.4% | 99.1% | 63.66% |
Top 10 Holdings
- JPMorgan Chase Co 5.27%
- Exxon Mobil Corp 5.01%
- Chevron Corp 2.80%
- Berkshire Hathaway Inc 2.80%
- Comcast Corp 1.98%
- ConocoPhillips 1.70%
- ATT Inc 1.59%
- Verizon Communications Inc 1.50%
- Goldman Sachs Group Inc/The 1.44%
- Bank of America Corp 1.43%
Asset Allocation
Weighting | Return Low | Return High | SABTX % Rank | |
---|---|---|---|---|
Stocks | 99.83% | 7.19% | 103.40% | 5.97% |
Cash | 0.17% | 0.00% | 36.15% | 89.72% |
Preferred Stocks | 0.00% | 0.00% | 15.27% | 49.31% |
Other | 0.00% | -2.59% | 36.68% | 58.77% |
Convertible Bonds | 0.00% | 0.00% | 3.66% | 46.22% |
Bonds | 0.00% | 0.00% | 78.06% | 48.76% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SABTX % Rank | |
---|---|---|---|---|
Financial Services | 20.00% | 0.00% | 58.05% | 42.82% |
Healthcare | 16.97% | 0.00% | 30.08% | 57.92% |
Energy | 12.58% | 0.00% | 54.00% | 7.04% |
Industrials | 11.26% | 0.00% | 42.76% | 53.94% |
Technology | 9.79% | 0.00% | 54.02% | 56.35% |
Communication Services | 8.91% | 0.00% | 26.58% | 9.64% |
Basic Materials | 7.86% | 0.00% | 21.69% | 6.02% |
Consumer Defense | 6.26% | 0.00% | 34.10% | 77.85% |
Consumer Cyclical | 5.61% | 0.00% | 22.74% | 51.90% |
Real Estate | 0.46% | 0.00% | 90.54% | 80.17% |
Utilities | 0.29% | 0.00% | 27.04% | 87.30% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SABTX % Rank | |
---|---|---|---|---|
US | 99.83% | 7.19% | 103.40% | 5.33% |
Non US | 0.00% | 0.00% | 24.08% | 62.35% |
SABTX - Expenses
Operational Fees
SABTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.74% | 0.03% | 14.82% | 66.82% |
Management Fee | 0.50% | 0.00% | 1.50% | 34.71% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.00% | 0.50% | 49.83% |
Sales Fees
SABTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
SABTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
SABTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 5.00% | 0.00% | 488.00% | 2.47% |
SABTX - Distributions
Dividend Yield Analysis
SABTX | Category Low | Category High | SABTX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.46% | 0.00% | 16.67% | 72.24% |
Dividend Distribution Analysis
SABTX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
SABTX | Category Low | Category High | SABTX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.24% | -1.51% | 4.28% | 55.64% |
Capital Gain Distribution Analysis
SABTX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 21, 2023 | $0.335 | OrdinaryDividend |
Dec 20, 2022 | $0.338 | OrdinaryDividend |
Dec 20, 2022 | $1.056 | CapitalGainLongTerm |
Dec 21, 2021 | $0.224 | OrdinaryDividend |
Dec 21, 2021 | $0.667 | CapitalGainLongTerm |
Dec 22, 2020 | $0.261 | OrdinaryDividend |
Dec 19, 2019 | $0.261 | OrdinaryDividend |
Dec 19, 2019 | $0.656 | CapitalGainLongTerm |
Dec 20, 2018 | $1.283 | CapitalGainLongTerm |
Dec 20, 2018 | $0.191 | OrdinaryDividend |
Dec 21, 2017 | $0.061 | CapitalGainShortTerm |
Dec 21, 2017 | $1.647 | CapitalGainLongTerm |
Dec 21, 2017 | $0.238 | OrdinaryDividend |
Dec 22, 2016 | $0.641 | CapitalGainLongTerm |
Dec 22, 2016 | $0.248 | OrdinaryDividend |
Dec 22, 2015 | $0.010 | CapitalGainShortTerm |
Dec 22, 2015 | $0.828 | CapitalGainLongTerm |
Dec 22, 2015 | $0.224 | OrdinaryDividend |
Dec 18, 2014 | $0.894 | CapitalGainLongTerm |
Dec 18, 2014 | $0.170 | OrdinaryDividend |
Dec 19, 2013 | $0.325 | CapitalGainLongTerm |
Dec 19, 2013 | $0.133 | OrdinaryDividend |
Dec 20, 2012 | $0.147 | OrdinaryDividend |
Dec 20, 2011 | $0.104 | OrdinaryDividend |
Dec 16, 2010 | $0.102 | OrdinaryDividend |
Dec 17, 2009 | $0.091 | OrdinaryDividend |
Dec 18, 2008 | $0.146 | OrdinaryDividend |
Dec 20, 2007 | $0.001 | CapitalGainShortTerm |
Dec 20, 2007 | $0.307 | CapitalGainLongTerm |
Dec 20, 2007 | $0.066 | OrdinaryDividend |
Dec 21, 2006 | $0.020 | CapitalGainShortTerm |
Dec 21, 2006 | $0.923 | CapitalGainLongTerm |
Dec 21, 2006 | $0.075 | OrdinaryDividend |
Dec 22, 2005 | $0.032 | CapitalGainShortTerm |
Dec 22, 2005 | $0.349 | CapitalGainLongTerm |
Dec 21, 2004 | $0.111 | CapitalGainLongTerm |
Dec 21, 2004 | $0.033 | OrdinaryDividend |
SABTX - Fund Manager Analysis
Managers
Jed Fogdall
Start Date
Tenure
Tenure Rank
Oct 29, 2012
9.59
9.6%
Jed S. Fogdall is a Co-Head of Portfolio Management and Vice President of Dimensional and a member of Dimensional’s Investment Committee. Mr. Fogdall has an MBA from the University of California, Los Angeles and a BS from Purdue University. Mr. Fogdall joined Dimensional as a Portfolio Manager in 2004 and has been responsible for international portfolios since 2010 and domestic portfolios since 2012.
Joel Schneider
Start Date
Tenure
Tenure Rank
Feb 28, 2019
3.25
3.3%
Mr. Schneider is a Senior Portfolio Manager and Vice President of Dimensional Fund Advisors LP. Mr. Schneider holds an MBA from the University of Chicago Booth School of Business, an MS from the University of Minnesota, and a BS from Iowa State University. Mr. Schneider joined Dimensional in 2011, has been a portfolio manager since 2013.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.05 | 86.59 | 8.08 | 6.71 |