- ISIN
- US78386T7919
- Issuer
- SA Funds
- Inception Date
- Apr 2, 2007
- Category
- Ultrashort Bond
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
SAUFX Performance Chart
SA U.S. Fixed Income Fund (SAUFX) is up 1.1% since the beginning of the year. SAUFX is currently trading at $10 per share. Investors who bought $1,000 worth of SAUFX shares 5 years ago would now be looking at an investment worth $1,090.
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Returns By Period
SA U.S. Fixed Income Fund (SAUFX) has returned 1.06% so far this year and 4.16% over the past 12 months. Over the last ten years, SAUFX has returned 1.25% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
SA U.S. Fixed Income Fund
- 1D
- 0.00%
- 1M
- 0.26%
- YTD
- 1.06%
- 6M
- 1.17%
- 1Y
- 4.16%
- 3Y*
- 4.39%
- 5Y*
- 1.74%
- 10Y*
- 1.25%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SAUFX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2008, SAUFX's average daily return is 0.00%, while the average monthly return is +0.09%. At this rate, an investment would double in approximately 64.2 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2008 with a return of +1.2%, while the worst month was Mar 2022 at -2.0%. The longest winning streak lasted 25 consecutive months, and the longest losing streak was 9 months.
On a daily basis, SAUFX closed higher 18% of trading days. The best single day was Mar 19, 2024 with a return of +1.2%, while the worst single day was Mar 20, 2024 at -1.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.31% | 0.62% | -0.54% | 0.52% | 0.21% | -0.06% | 1.06% | ||||||
| 2025 | 0.63% | 0.63% | -0.52% | 0.52% | 0.10% | 0.99% | 0.10% | 0.93% | 0.41% | 0.31% | 0.51% | 0.13% | 4.85% |
| 2024 | 0.53% | 0.42% | 0.49% | -0.21% | 0.84% | 0.50% | 0.74% | 0.84% | 0.72% | -0.21% | 0.62% | -0.16% | 5.23% |
| 2023 | 0.53% | 0.00% | 0.63% | 0.32% | 0.21% | 0.39% | 0.42% | 0.42% | -0.31% | 0.53% | 0.42% | 0.42% | 4.04% |
| 2022 | -1.10% | -0.61% | -2.03% | -0.73% | 0.63% | -0.93% | 0.42% | -0.52% | -1.01% | -0.11% | 0.43% | 0.36% | -5.11% |
| 2021 | 0.00% | -0.10% | 0.00% | 0.00% | 0.10% | -0.39% | 0.30% | -0.10% | -0.30% | -0.59% | -0.10% | -0.20% | -1.38% |
Benchmark Metrics
SA U.S. Fixed Income Fund has an annualized alpha of 1.19%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 02, 2008.
- This fund captured 3.36% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.34%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.19%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 3.36%
- Downside Capture
- -0.34%
Expense Ratio
SAUFX has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SAUFX ranks 93 for risk / return — in the top 93% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SA U.S. Fixed Income Fund (SAUFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SAUFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.37 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 5.41 | 2.78 | +2.62 |
| Martin ratioReturn relative to average drawdown | 20.99 | 12.44 | +8.55 |
Dividends
Dividend History
SA U.S. Fixed Income Fund provided a 4.23% dividend yield over the last twelve months, with an annual payout of $0.41 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.33 | $0.47 | $0.25 | $0.12 | $0.00 | $0.04 | $0.19 | $0.15 | $0.07 | $0.04 | $0.03 |
Dividend yield | 4.23% | 3.38% | 4.91% | 2.58% | 1.26% | 0.00% | 0.41% | 1.86% | 1.47% | 0.74% | 0.43% | 0.26% |
Monthly Dividends
The table displays the monthly dividend distributions for SA U.S. Fixed Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.12 | $0.20 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.33 |
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.13 | $0.47 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.25 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.12 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SA U.S. Fixed Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SA U.S. Fixed Income Fund was 7.43%, occurring on Oct 19, 2022. Recovery took 428 trading sessions.
The current SA U.S. Fixed Income Fund drawdown is 0.10%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -7.43%Oct 2022 | 1y 10mo | 1y 8mo | 3y 7moDec 2020 - Jul 2024 |
2025 selloff2025 | -1.86%Apr 2025 | 1mo 8d | 2mo 2d | 3mo 10dMar 2025 - Jun 2025 |
Financial crisis2007–2009 | -1.19%Sep 2008 | 9d | 1mo 16d | 1mo 25dSep 2008 - Nov 2008 |
2026 pullback2026 | -0.84%Mar 2026 | 24d | 22d | 1mo 16dMar 2026 - Apr 2026 |
2024 pullback2024 | -0.78%Dec 2024 | 8d | 1mo 2d | 1mo 10dDec 2024 - Jan 2025 |
Drawdown Indicators
| SAUFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.43% | -56.78% | +49.35% |
Max Drawdown (1Y)Largest decline over 1 year | -0.84% | -9.10% | +8.26% |
Max Drawdown (3Y)Largest decline over 3 years | -1.86% | -18.90% | +17.04% |
Max Drawdown (5Y)Largest decline over 5 years | -7.34% | -25.43% | +18.09% |
Max Drawdown (10Y)Largest decline over 10 years | -7.43% | -33.92% | +26.49% |
Current DrawdownCurrent decline from peak | -0.10% | -1.80% | +1.70% |
Average DrawdownAverage peak-to-trough decline | -0.74% | -10.71% | +9.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 2.03% | -1.82% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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