Fund Evaluator:
SA Worldwide Moderate Growth (SAWMX)
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Best Performing in Global Moderate Allocation Over the Last Year
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Fund Details
SA Worldwide Moderate Growth Overview
SA Worldwide Moderate Growth (SAWMX) is an actively managed Allocation Global Moderate Allocation fund. SA Funds launched the fund in 2015.
The investment seeks long-term capital appreciation and current income with a greater emphasis on long-term capital appreciation. The fund adviser currently expects to invests approximately 70% of its assets in equity investments and approximately 30% of its assets in fixed income investments as represented by the holdings of the underlying SA funds in which the fund invests. Actual allocations to fixed income investments or equity investments can deviate by up to 10%. It will normally invest at least 25% of its total assets in equity and fixed income investments issued by foreign companies and governments.
About SA Worldwide Moderate Growth (SAWMX)
There are 2 members of the management team with an average tenure of 7.22 years: Sheldon McFarland (2015), Brian Haywood (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Morningstar Global Markets NR USD index with a weighting of 100% and Morningstar US Mod Tgt Alloc NR USD index with a weighting of 100%. SA Worldwide Moderate Growth has 8 securities in its portfolio. The top 10 holdings constitute 100.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
SA Worldwide Moderate Growth is part of the Allocation global asset class and is within the Allocation fund group. SA Worldwide Moderate Growth has 39.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 42.7%. There is 27.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 27.6% (15.7% domestic bond, 11.9% foreign bond and 0.1% convertible bond). SA Worldwide Moderate Growth has 2.0% of the portfolio in cash.
Assets Under Management
The fund has $23 million in total assets, which is below the $959 million average for the Global Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SAWMX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The SA Worldwide Moderate Growth expense ratio is above average compared to funds in the Global Moderate Allocation category. SA Worldwide Moderate Growth has an expense ratio of 0.71%, which is 32% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. SA Worldwide Moderate Growth has a portfolio turnover rate of 9%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 65% for the Global Moderate Allocation category.
Recently, in the month of August 2026, SA Worldwide Moderate Growth returned 1.3%, which earned it a grade of D, as the Global Moderate Allocation category had an average return of 1.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
SA Worldwide Moderate Growth has a trailing yield of 2.30%, which is below the 2.59% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
SA Worldwide Moderate Growth Grades
Year to date, the fund has returned 13.3%, 3.4 percentage points better than the category, which translates into a grade of A. The fund has returned 19.2% over the past year (grade of A), 15.5% over the past three years (grade of A) and 9.1% per year over the past five years (grade of A) and 9.1% per year over the past 10 years (grade of A).
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SAWMX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SAWMX Return (NAV) | 1.3% | 2.8% | 19.2% | 15.5% | 9.1% | 9.1% |
| SAWMX Grade | D | A | A | A | A | A |
| +/- Category | -0.3% | 1.1% | 4.1% | 2.2% | 2.9% | 1.6% |
| Global Moderate Allocation Avg | 1.6% | 1.7% | 15.1% | 13.3% | 6.3% | 7.4% |
| SAWMX Tax Cost Ratio | na | na | 1.8% | 1.7% | 1.7% | 1.5% |
SAWMX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SAWMX Return (NAV) | 13.3% | 18.2% | 9.9% | 13.6% | -8.9% | 16.7% | 4.1% | 16.5% | -7.9% | 15.6% | 10.7% |
| SAWMX Grade | A | A | B | B | A | A | F | D | D | B | A |
| +/- Category | 3.4% | 2.0% | 1.4% | 1.3% | 4.5% | 5.0% | -5.7% | -1.2% | -0.8% | 1.6% | 4.1% |
| Global Moderate Allocation Avg | 9.9% | 16.1% | 8.4% | 12.2% | -13.4% | 11.6% | 9.8% | 17.7% | -7.1% | 14.0% | 6.6% |
| Risk Measures | |
| Standard Deviation: | 8.4% |
| Total Risk Index: | 0.69 - Below Average |
| Category Risk Index: | 0.93 - Below Average |
| Category Risk Grade: | B (22% Rank) |
| Beta: | 0.86 |
| R-Squared: | 89% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 2.3% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $23 Mil |
| Fund Total Assets: | $ 24 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 9% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 11.2 years | |||
| Average Tenure: 7.2 years | |||
| Managers (Year): McFarland Sheldon (2015), Haywood Brian (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 8 |
| % in Top 10 Holdings: | 100.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 39.4% |
Portfolio Allocation |
|
| Domestic Stock: | 42.7% |
| Foreign Stock: | 27.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 15.7% |
| Foreign Bond: | 11.9% |
| Convertible Bond: | 0.1% |
| Other: | 0.0% |
| Cash: | 2.0% |
Purchase Information
| Fund Family: | SA Funds |
| Phone Number: | 844-366-0905 |
| Website: | www.sa-funds.net. |
| Status: | Open |
| Inception Date: | July 1, 2015 |
| Min. Initial Purchase: | $5,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.71% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.04% |
| Share Class: | SA Worldwide Moderate Growth |
| Min. Subsequent Purchase: | $2,500 |
| Min. Subsequent IRA Purchase: | $ 0 |
