Summary Prospectus
July 29, 2026
Seasons Series Trust
SA Multi-Managed Small Cap Portfolio
(Class 1, Class 2 and Class 3 Shares)
Seasons Series Trust’s
Statutory Prospectus and Statement of Additional Information, each dated July 29, 2026, as
amended and supplemented from time to time, and the most
recent shareholder reports are incorporated into and made part of this Summary Prospectus
by reference. The Portfolio is offered only to the separate accounts of certain life insurance companies and to other mutual funds. This Summary Prospectus is not intended
for use by other investors.
Before you invest, you may want to review Seasons Series Trust’s Statutory Prospectus, which contains more information about the Portfolio and its risks. You can find the Statutory Prospectus and the above-incorporated information online at https://venerable.onlineprospectus.net/funds/sast_sst/. You can also get this information at no cost by
calling (800) 445-7862 or by sending an e-mail request to fundprospectus@corebridgefinancial.com.
The Securities and Exchange Commission has not approved or disapproved these securities, nor has it determined that this Summary Prospectus is accurate or complete. It is a criminal offense to state otherwise.
Investment
Goal
The Portfolio’s investment goal is long-term growth of
capital.
Fees and Expenses of the Portfolio
This table describes the fees and expenses that you may pay
if you buy, hold and sell shares of the Portfolio. The table
and the example below do not reflect the separate account fees charged in the variable annuity or variable life insurance policy (“Variable
Contracts”) in which the Portfolio is offered. If separate account fees were shown, the Portfolio’s annual operating expenses would be
higher. Please see your Variable Contract prospectus for more details on the separate account
fees.
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
| |
Class 1 |
Class 2 |
Class 3 |
| Management Fees |
0.85% |
0.85% |
0.85% |
| Service (12b-1) Fees |
None |
0.15% |
0.25% |
| Other Expenses |
0.23% |
0.23% |
0.23% |
| Total Annual Portfolio Operating Expenses |
1.08% |
1.23% |
1.33% |
Expense Example
This Example is intended to help you compare the cost of investing in the Portfolio with the cost of investing in other mutual funds. The Example
assumes that you invest $10,000 in the Portfolio for the time periods indicated and
then redeem or hold all of your
shares at the end of those periods. The Example also assumes that your investment
has a 5% return each year and that the Portfolio’s operating expenses
remain the same (except that the Example incorporates any applicable fee waiver and/or expense limitation arrangements for only the first year). The Example does not reflect charges
imposed by the Variable Contract. If the Variable Contract fees were reflected,
the expenses would be higher. See the Variable Contract prospectus for information on such charges. Although your actual costs may be higher or lower, based on these assumptions and the net
expenses shown in the fee table, your costs would be:
| |
1 Year |
3 Years |
5 Years |
10 Years |
| Class
1 Shares |
$110 |
$343 |
$595 |
$1,317 |
| Class
2 Shares |
125 |
390 |
676 |
1,489 |
| Class
3 Shares |
135 |
421 |
729 |
1,601 |
Portfolio Turnover
The Portfolio pays transaction costs, such as commissions, when it buys and sells securities
(or “turns over” its portfolio). A higher portfolio turnover rate may
indicate higher transaction costs. These costs, which are not reflected in annual
portfolio operating expenses or in the Example, affect the Portfolio’s performance.
During the most recent fiscal year, the
Portfolio’s portfolio turnover rate was 67% of the average value of its portfolio.
Seasons Series Trust
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