Summary Prospectus
July 29, 2026
Seasons Series Trust
SA Multi-Managed Large Cap Growth 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 |
0.79% |
0.79% |
0.79% |
| Service (12b-1) Fees |
None |
0.15% |
0.25% |
| Other Expenses |
0.08% |
0.08% |
0.08% |
| Total Annual Portfolio Operating Expenses
Before Fee Waivers and/ or Expense
Reimbursements |
0.87% |
1.02% |
1.12% |
| Fee
Waivers and/or Expense
Reimbursements1 |
0.07% |
0.07% |
0.07% |
| |
Class 1 |
Class 2 |
Class 3 |
| Total Annual Portfolio Operating Expenses
After Fee Waivers and/or Expense
Reimbursements1 |
0.80% |
0.95% |
1.05% |
1
Pursuant to a Master Advisory Fee Waiver Agreement, SunAmerica Asset Management, LLC (”SunAmerica”) contractually agreed to waive a portion of its advisory fee for the Portfolio
so that the advisory fee on average daily net assets payable to SunAmerica equals 0.73% on the first $250
million, 0.67% on the next $250 million, and 0.58% above $500 million. This agreement may be modified or discontinued prior to July 31, 2027 only with the approval of the Board
of Trustees (the “Board”) of Seasons Series Trust (the “Trust”), including a majority of
the trustees of the Board who are not “interested persons” of the Trust as defined in the Investment Company Act of 1940, as amended.
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
Seasons Series Trust
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