0001104659-13-064566.txt : 20130816 0001104659-13-064566.hdr.sgml : 20130816 20130816160132 ACCESSION NUMBER: 0001104659-13-064566 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130816 DATE AS OF CHANGE: 20130816 EFFECTIVENESS DATE: 20130816 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUNAMERICA INCOME FUNDS CENTRAL INDEX KEY: 0000795307 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 033-06502 FILM NUMBER: 131045325 BUSINESS ADDRESS: STREET 1: HARBORSIDE FINANCIAL CENTER STREET 2: 3200 PLAZA 5 CITY: JERSEY CITY STATE: NJ ZIP: 07311 BUSINESS PHONE: 800-858-8850 MAIL ADDRESS: STREET 1: HARBORSIDE FINANCIAL CENTER STREET 2: 3200 PLAZA 5 CITY: JERSEY CITY STATE: NJ ZIP: 07311 FORMER COMPANY: FORMER CONFORMED NAME: SUNAMERICA INCOME PORTFOLIOS DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: INTEGRATED INCOME PORTFOLIOS DATE OF NAME CHANGE: 19900306 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUNAMERICA INCOME FUNDS CENTRAL INDEX KEY: 0000795307 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-04708 FILM NUMBER: 131045326 BUSINESS ADDRESS: STREET 1: HARBORSIDE FINANCIAL CENTER STREET 2: 3200 PLAZA 5 CITY: JERSEY CITY STATE: NJ ZIP: 07311 BUSINESS PHONE: 800-858-8850 MAIL ADDRESS: STREET 1: HARBORSIDE FINANCIAL CENTER STREET 2: 3200 PLAZA 5 CITY: JERSEY CITY STATE: NJ ZIP: 07311 FORMER COMPANY: FORMER CONFORMED NAME: SUNAMERICA INCOME PORTFOLIOS DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: INTEGRATED INCOME PORTFOLIOS DATE OF NAME CHANGE: 19900306 0000795307 S000007631 GNMA Fund C000020820 Class A GNMAX C000020821 Class B GNMBX C000020822 Class C GNMTX 0000795307 S000007632 U.S. Government Securities C000020823 Class A SGTAX C000020824 Class B SGTBX C000020825 Class C NASBX 0000795307 S000007633 High Yield Bond C000020826 Class A SHNAX C000020827 Class B SHNBX C000020828 Class C SHNCX 0000795307 S000007634 Strategic Bond C000020829 Class A SDIAX C000020830 Class B SDIBX C000020831 Class C NAICX 485BPOS 1 a13-16916_3485bpos.htm 485BPOS

 

As filed with the Securities and Exchange Commission on August 16, 2013

Securities Act File No. 33-6502

Investment Company Act File No. 811-4708

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM N-1A

 


 

 

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

x

 

 

 

 

PRE-EFFECTIVE AMENDMENT NO.

o

 

POST-EFFECTIVE AMENDMENT NO. 51

x

 

 

 

 

and/or

 

 

 

 

 

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

x

 

 

 

 

AMENDMENT NO. 48
(Check appropriate box or boxes)

 

 


 

SUNAMERICA INCOME FUNDS

(Exact Name of Registrant as Specified in Charter)

 


 

Harborside Financial Center

3200 Plaza 5

Jersey City, NJ 07311-4992

(Address of Principal Executive Office) (Zip Code)

 

Registrant’s telephone number, including area code: (800) 858-8850

 

Gregory N. Bressler

General Counsel

SunAmerica Asset Management Corp.

Harborside Financial Center

3200 Plaza 5

Jersey City, NJ 07311

(Name and Address for Agent for Service)

 


 

Copy to:

 

Margery K. Neale, Esq.

Willkie Farr & Gallagher LLP

787 Seventh Avenue

New York, NY 10019

 


 

Approximate Date of Proposed Public Offering: As soon as practicable after this Registration Statement becomes effective.

 

It is proposed that this filing will become effective (check appropriate box)

 

x   immediately upon filing pursuant to paragraph (b)

o    on (date) pursuant to paragraph (b)

o    60 days after filing pursuant to paragraph (a)(1)

o    on (date) pursuant to paragraph (a)(1)

o    75 days after filing pursuant to paragraph (a)(2)

o    on (date) pursuant to paragraph (a)(2) of Rule 485.

 

If appropriate, check the following box:

 

o    This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 

 

 



 

SUNAMERICA INCOME FUNDS

 

Incorporated herein by reference is the definitive version of the Fund’s prospectus filed pursuant to Rule 497(c) under the Securities Act of 1933, as amended, on July 29, 2013 (SEC Accession No. 0001193125-13-307513).

 



 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this Post-Effective Amendment to its Registration Statement under Rule 485(b) under the Securities Act of 1933 and has duly caused this Post-Effective Amendment No. 51 to the Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Jersey City, and State of New Jersey on the 16th day of August, 2013.

 

 

SUNAMERICA INCOME FUNDS

(Registrant)

 

 

 

By:

/S/ JOHN T. GENOY

 

 

John T. Genoy

 

Pursuant to the requirements of the Securities Act of 1933, as amended, the Post-Effective Amendment No. 51 to Registrant’s Registration Statement on Form N-1A has been signed by the following persons in the capacities and on the dates indicated.

 

Signatures

 

Title

 

Date

 

 

 

 

 

/s/ John T. Genoy

 

President (Principal Executive Officer)

 

August 16, 2013

John T. Genoy

 

 

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Donna M. Handel

 

Treasurer (Principal Financial and Accounting Officer)

 

August 16, 2013

Donna M. Handel

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*

 

Trustee

 

August 16, 2013

Richard W. Grant

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*

 

Trustee

 

August 16, 2013

Stephen J. Gutman

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*

 

Trustee

 

August 16, 2013

William F. Devin

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*

 

Trustee

 

August 16, 2013

Dr. Judith L. Craven

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*

 

Trustee

 

August 16, 2013

William Shea

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*

 

Trustee

 

August 16, 2013

Peter A. Harbeck

 

 

 

 

 

 

 

 

 

*By:

/S/ JOHN E. MCLEAN

 

 

 

August 16, 2013

 

John E. McLean
Attorney-in-Fact

 

 

 

 

 


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The CDSC on Class B shares applies only if shares are redeemed within six years of their purchase. The CDSC on Class C shares applies only if shares are redeemed within twelve months of their purchase. See pages 20-22 of the Prospectus for more information about the CDSCs. Pursuant to an Expense Limitation Agreement, SunAmerica Asset Management Corp. ("SunAmerica" or the "Adviser") is contractually obligated to waive its fees and/or reimburse expenses to the extent that the Total Annual Fund Operating Expenses exceed 0.99%, 1.64% and 1.64%, for Class A, B and C shares, respectively. For purposes of the Expense Limitation Agreement, "Total Annual Fund Operating Expenses" shall not include extraordinary expenses, as determined under generally accepted accounting principles, or acquired fund fees and expenses. This agreement will continue in effect indefinitely, unless terminated by the Board of Trustees, including a majority of the Independent Trustees. Any waivers and/or reimbursements made by SunAmerica are subject to recoupment from the Fund within two years after the occurrence of the waiver and/or reimbursement, provided that the Fund is able to effect such payment to SunAmerica and remain in compliance with the expense cap in effect at the time the waivers and/or reimbursements occurred. Class B shares generally convert to Class A shares approximately eight years after purchase. Therefore, the expense ratios used in the calculations for years 9 and 10 are the same for both Class A and Class B shares. When the return after taxes on distributions and sale of Fund shares is higher, it is because of realized losses. If realized losses occur upon the sale of Fund shares, the capital loss is recorded as a tax benefit, which increases the return. Pursuant to an Expense Limitation Agreement, SunAmerica Asset Management Corp. ("SunAmerica" or the "Adviser") is contractually obligated to waive its fees and/or reimburse expenses to the extent that the Total Annual Fund Operating Expenses exceed 1.40%, 2.05% and 2.05%, for Class A, B and C shares, respectively. For purposes of the Expense Limitation Agreement, "Total Annual Fund Operating Expenses" shall not include extraordinary expenses, as determined under generally accepted accounting principles, or acquired fund fees and expenses. This agreement will continue in effect indefinitely, unless terminated by the Board of Trustees, including a majority of the Independent Trustees. Pursuant to an Expense Limitation Agreement, SunAmerica Asset Management Corp. ("SunAmerica" or the "Adviser") is contractually obligated to waive its fees and/or reimburse expenses to the extent that the Total Annual Fund Operating Expenses exceed 1.36%, 2.01% and 2.01%, for Class A, B and C shares, respectively. For purposes of the Expense Limitation Agreement, "Total Annual Fund Operating Expenses" shall not include extraordinary expenses, as determined under generally accepted accounting principles, or acquired fund fees and expenses. This agreement will continue in effect indefinitely, unless terminated by the Board of Trustees, including a majority of the Independent Trustees. SUNAMERICA INCOME FUNDS 485BPOS false 0000795307 2013-03-31 2013-07-29 2013-07-29 2013-07-29 U.S. Government Securities SGTAX SGTBX NASBX FEES AND EXPENSES OF THE FUND <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"><b>This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 in the SunAmerica fund complex. More information about these and other discounts is available from your financial professional and in the &#8220;Shareholder Account Information-Sales Charge Reductions and Waivers&#8221; section on page&#160;21 of the Fund&#8217;s Prospectus and in the &#8220;Additional Information Regarding Purchase of Shares&#8221; section on page&#160;85 of the Fund&#8217;s statement of additional information.</b></font> </p> 0.0475 0.0000 0.0000 0.0000 0.0400 0.0100 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0065 0.0065 0.0065 0.0035 0.0100 0.0100 0.0039 0.0058 0.0044 0.0139 0.0223 0.0209 -0.0040 -0.0059 -0.0045 0.0099 0.0164 0.0164 ~ http://sunamerica.com/20130729/role/ScheduleShareholderFees20001 column dei_LegalEntityAxis compact ck0000795307_S000007632Member row primary compact * ~ ~ http://sunamerica.com/20130729/role/ScheduleAnnualFundOperatingExpenses20002 column dei_LegalEntityAxis compact ck0000795307_S000007632Member row primary compact * ~ You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 in the SunAmerica fund complex. Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Shareholder Fees (fees paid directly from your investment) Purchases of Class A shares of $1 million or more will be subject to a contingent deferred sales charge (CDSC) on redemptions made within two years of purchase. The CDSC on Class B shares applies only if shares are redeemed within six years of their purchase. The CDSC on Class C shares applies only if shares are redeemed within twelve months of their purchase. See pages 20-22 of the Prospectus for more information about the CDSCs. 100000 EXAMPLE: <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem 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 Fund&#8217;s operating expenses remain the same. 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:</font> </p> 571 775 996 1630 567 817 1092 1770 267 517 892 1944 571 775 996 1630 167 517 892 1770 167 517 892 1944 ~ http://sunamerica.com/20130729/role/ScheduleExpenseExampleTransposed20003 column dei_LegalEntityAxis compact ck0000795307_S000007632Member row primary compact * ~ ~ http://sunamerica.com/20130729/role/ScheduleExpenseExampleNoRedemptionTransposed20004 column dei_LegalEntityAxis compact ck0000795307_S000007632Member row primary compact * ~ You would pay the following expenses if you did not redeem your shares: PRINCIPAL INVESTMENT STRATEGY AND TECHNIQUES OF THE FUND <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The Fund&#8217;s principal investment strategy is fixed income investing. The strategy of &#8220;fixed income investing&#8221; in which the Fund engages includes utilizing economic research and analysis of current economic conditions, potential fluctuations in interest rates, and, where relevant, the strength of the underlying issuer.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The principal investment technique of the Fund is active trading of U.S. government securities without regard to the maturities of such securities. Under normal market conditions, at least 80% of the Fund&#8217;s net assets, plus any borrowing for investment purposes, will be invested in such securities.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">U.S. government securities, including bills, notes, bonds and other debt securities, are issued by the U.S. Treasury or agencies and instrumentalities of the U.S. government. Certain government securities are direct obligations of the U.S. Treasury (such as Treasury Bills) and, as such, are backed by the &#8220;full faith and credit&#8221; of the U.S. government. Other types of government securities are issued by agencies or instrumentalities of the U.S. government. These types of securities may or may not be backed by the &#8220;full faith and credit&#8221; of the U.S. government. When a U.S. government security is an obligation of an agency or instrumentality and not backed by the U.S. government, the holder of such security must look principally to the agency or instrumentality issuing or guaranteeing the security for all obligations due, including repayment of principal, and not the U.S. government.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The principal investment strategy and principal investment technique of the Fund may be changed without shareholder approval. You will receive at least sixty (60)&#160;days&#8217; notice of any change to the 80% investment policy set forth above.</font> </p> PORTFOLIO TURNOVER <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 89% of the average value of its portfolio.</font> </p> 0.89 PRINCIPAL RISKS OF INVESTING IN THE FUND <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">There can be no assurance that the Fund&#8217;s investment goal will be met or that the net return on an investment in the Fund will exceed what could have been obtained through other investment or savings vehicles. Shares of the Fund are not bank deposits and are not guaranteed or insured by any bank, government entity or the Federal Deposit Insurance Corporation. As with any mutual fund, there is no guarantee that the Fund will be able to achieve its investment goals. If the value of the assets of the Fund goes down, you could lose money.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The following is a summary description of the principal risks of investing in the Fund.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Interest Rate Fluctuations.</b></font> <font style="font-family:Times New Roman" size="2">Interest rates and bond prices typically move inversely to each other. Thus, as interest rates rise, bond prices typically fall and as interest rates fall, bond prices typically rise. Longer-term and lower coupon bonds tend to be more sensitive to changes in interest rates. In addition, the market tends to discount prices of securities issued by the Government National Mortgage Association (GNMA) for prepayment risk when interest rates decline. As a result, the prices of GNMA securities typically do not rise as much as the prices of comparable bonds during periods of falling interest rates.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Bond Market Volatility.</b></font> <font style="font-family:Times New Roman" size="2">The bond markets as a whole could go up or down (sometimes dramatically). This could affect the value of the securities in the Fund&#8217;s portfolio.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>U.S. Government Securities Risk.</b></font> <font style="font-family:Times New Roman" size="2">Securities issued or guaranteed by federal agencies or authorities and U.S. government-sponsored instrumentalities or enterprises may or may not be backed by the full faith and credit of the U.S. government. For example, securities issued by the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association and the Federal Home Loan Bank are neither insured nor guaranteed by the U.S. government. These securities may be supported only by the credit of the issuing agency, authority, instrumentality or enterprise or by the ability to borrow from the U.S. Treasury and, as a result, are subject to greater credit risk than securities issued or guaranteed by the U.S. Treasury.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Prepayment Risk.</b></font> <font style="font-family:Times New Roman" size="2">The Fund may invest significantly in mortgage-backed securities, which entails the risk that the underlying principal may be &#8220;prepaid&#8221; at any time. As a general rule, prepayments increase during a period of falling interest rates and decrease during a period of rising interest rates. As a result of prepayments, the Fund may lose potential price appreciation and may be required to reinvest its assets in securities with lower interest rates. In periods of increasing interest rates, prepayments generally may decline, with the effect that the securities subject to prepayment risk held by the Fund may exhibit price characteristics of longer-term debt securities. Generally, long-term bonds are more interest-rate sensitive.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Active Trading.</b></font><font style="font-family:Times New Roman" size="2">As part of the Fund&#8217;s principal investment technique, the Fund may engage in active trading of its portfolio securities. Because the Fund may sell a security without regard to how long it has held the security, active trading may have tax consequences for certain shareholders, involving a possible increase in short-term capital gains or losses. Active trading may result in high portfolio turnover and correspondingly greater brokerage commissions and other transaction costs, which will be borne directly by the Fund and which will affect the Fund&#8217;s performance. During periods of increased market volatility, active trading may be more pronounced.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Securities Selection.</b></font> <font style="font-family:Times New Roman" size="2">A strategy used by the Fund, or securities selected by a portfolio manager, may fail to produce the intended return.</font> </p> Shares of the Fund are not bank deposits and are not guaranteed or insured by any bank, government entity or the Federal Deposit Insurance Corporation. As with any mutual fund, there is no guarantee that the Fund will be able to achieve its investment goals. If the value of the assets of the Fund goes down, you could lose money. PERFORMANCE INFORMATION <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The following Risk/Return Bar Chart and Table illustrates the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from calendar year to calendar year, and compares the Fund&#8217;s average annual returns to those of the BofA Merrill Lynch U.S. Treasury Master Index, a broad measure of market performance. Sales charges are not reflected in the Bar Chart. If these amounts were reflected, returns would be less than those shown. However, the table includes all applicable fees and sales charges. Of course, past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated information on the Fund&#8217;s performance can be obtained by visiting www.safunds.com or can be obtained by phone at <font style="white-space:nowrap"><font style="white-space:nowrap">800-858-8850</font></font> ext. 6003.</font> </p> U.S. GOVERNMENT SECURITIES FUND (Class A) 0.0136 0.0351 0.0269 0.0291 0.0675 0.1152 -0.0287 0.0423 0.0945 0.0125 ~ http://sunamerica.com/20130729/role/ScheduleAnnualTotalReturnsBarChart20005 column dei_LegalEntityAxis compact ck0000795307_S000007632Member column rr_ProspectusShareClassAxis compact ck0000795307_C000020823Member row primary compact * ~ highest return 0.0786 2008-12-31 lowest return -0.0304 2004-06-30 year-to-date return -0.0388 2013-06-30 <table align="center" border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%;"> <tr> <td width="68%"> </td> <td valign="bottom" width="1%"> </td> <td width="31%"> </td> </tr> <tr> <td valign="top"> </td> <td valign="bottom"> <font style="font-size: xx-small;"></font> </td> <td valign="top"> <p style="margin-top: 0px; margin-bottom: 0px;"> <font style="font-family: Times New Roman; font-size: small;">During the <font style="white-space: nowrap;">10-year</font> period shown in the Bar Chart, the highest return for a quarter was 7.86% (quarter ended December 31, 2008) and the lowest return for a quarter was -3.04% (quarter ended June 30, 2004).</font> </p> <p style="margin-top: 0px; margin-bottom: 0px;"> <font style="font-family: Times New Roman; font-size: small;"></font> </p> <p style="margin-top: 0px; margin-bottom: 0px;"> <font style="font-family: Times New Roman; font-size: small;"></font> </p> <p style="margin-top: 0px; margin-bottom: -6px;"> <font style="font-size: xx-small;"></font> </p> <p style="margin-top: 0px; margin-bottom: 1px;"> <font style="font-family: Times New Roman; font-size: small;">The Fund's cumulative year-to-date return through the most recent calendar quarter ended June 30, 2013, was -3.88%.</font> </p> </td> </tr> </table> -0.0332 0.0354 0.0347 -0.0039 0.0391 0.0333 -0.0355 0.0357 0.0350 -0.0466 0.0244 0.0226 -0.0231 0.0241 0.0225 0.0216 0.0544 0.0478 ~ http://sunamerica.com/20130729/role/ScheduleAverageAnnualReturnsTransposed20006 column dei_LegalEntityAxis compact ck0000795307_S000007632Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The <font style="white-space:nowrap">after-tax</font> returns shown were calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. An investor&#8217;s actual <font style="white-space:nowrap">after-tax</font> returns depend on the investor&#8217;s tax situation and may differ from those shown in the above table. The <font style="white-space:nowrap">after-tax</font> returns shown are not relevant to investors who hold their shares through <font style="white-space:nowrap">tax-deferred</font> arrangements, such as 401(k) plans or individual retirement accounts.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"><font style="white-space:nowrap">After-tax</font> returns are shown only for Class A shares. <font style="white-space:nowrap">After-tax</font> returns for other classes will vary.</font> </p> The after-tax returns shown were calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. The following Risk/Return Bar Chart and Table illustrates the risks of investing in the Fund by showing changes in the Fund's performance from calendar year to calendar year, and compares the Fund's average annual returns to those of the BofA Merrill Lynch U.S. Treasury Master Index, a broad measure of market performance. An investor's actual after-tax returns depend on the investor's tax situation and may differ from those shown in the above table. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Of course, past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. However, the table includes all applicable fees and sales charges. 800-858-8850 www.safunds.com Sales charges are not reflected in the Bar Chart. If these amounts were reflected, returns would be less than those shown. When the return after taxes on distributions and sale of Fund shares is higher, it is because of realized losses. If realized losses occur upon the sale of Fund shares, the capital loss is recorded as a tax benefit, which increases the return. After-tax returns are shown only for Class A shares. After-tax returns for other classes will vary. Average Annual Total Returns (as of the periods ended December 31, 2012) INVESTMENT GOAL <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The investment goal of the SunAmerica U.S. Government Securities Fund (the &#8220;U.S. Government Securities Fund&#8221; or the &#8220;Fund&#8221;) is high current income consistent with relative safety of capital.</font> </p> GNMA Fund GNMAX GNMBX GNMTX FEES AND EXPENSES OF THE FUND <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"><b>This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 in the SunAmerica fund complex. More information about these and other discounts is available from your financial professional and in the &#8220;Shareholder Account Information-Sales Charge Reductions and Waivers&#8221; section on page 21 of the Fund&#8217;s Prospectus and in the &#8220;Additional Information Regarding Purchase of Shares&#8221; section on page&#160;85 of the Fund&#8217;s statement of additional information.</b></font> </p> 0.0475 0.0000 0.0000 0.0000 0.0400 0.0100 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0046 0.0046 0.0046 0.0035 0.0100 0.0100 0.0036 0.0043 0.0037 0.0117 0.0189 0.0183 -0.0018 -0.0025 -0.0019 0.0099 0.0164 0.0164 ~ http://sunamerica.com/20130729/role/ScheduleShareholderFees20009 column dei_LegalEntityAxis compact ck0000795307_S000007631Member row primary compact * ~ ~ http://sunamerica.com/20130729/role/ScheduleAnnualFundOperatingExpenses20010 column dei_LegalEntityAxis compact ck0000795307_S000007631Member row primary compact * ~ You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 in the SunAmerica fund complex. Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Shareholder Fees (fees paid directly from your investment) Purchases of Class A shares of $1 million or more will be subject to a contingent deferred sales charge (CDSC) on redemptions made within two years of purchase. The CDSC on Class B shares applies only if shares are redeemed within six years of their purchase. The CDSC on Class C shares applies only if shares are redeemed within twelve months of their purchase. See pages 20-22 of the Prospectus for more information about the CDSCs. 100000 EXAMPLE: <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem 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 Fund&#8217;s operating expenses remain the same. 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:</font> </p> 571 775 996 1630 567 817 1092 1770 267 517 892 1944 571 775 996 1630 167 517 892 1770 167 517 892 1944 ~ http://sunamerica.com/20130729/role/ScheduleExpenseExampleTransposed20011 column dei_LegalEntityAxis compact ck0000795307_S000007631Member row primary compact * ~ ~ http://sunamerica.com/20130729/role/ScheduleExpenseExampleNoRedemptionTransposed20012 column dei_LegalEntityAxis compact ck0000795307_S000007631Member row primary compact * ~ You would pay the following expenses if you did not redeem your shares: PRINCIPAL INVESTMENT STRATEGY AND TECHNIQUES OF THE FUND <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The Fund&#8217;s principal investment strategy is fixed income investing. The strategy of &#8220;fixed income investing&#8221; in which the Fund engages includes utilizing economic research and analysis of current economic conditions, potential fluctuations in interest rates, and, where relevant, the strength of the underlying issuer.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The principal investment technique of the Fund is active trading of mortgage-backed securities issued or guaranteed by the Government National Mortgage Association (GNMA) without regard to the maturities of such securities. Under normal market conditions, at least 80% of the Fund&#8217;s net assets plus any borrowing for investment purposes will be invested in such securities. The Fund may also invest in other types of U.S. government securities.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The GNMA is a government owned corporation and a federal agency which issues mortgage backed securities that represent an interest in a pool or pools of mortgages. The Fund may purchase certain securities issued by GNMA known as pass-through certificates. GNMA guarantees the full and timely payment of all interest and principal by GNMA and such guarantee is backed by the full faith and credit of the U.S. government.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The principal investment strategy and principal investment techniques of the Fund may be changed without shareholder approval. You will receive at least sixty (60)&#160;days&#8217; notice of any change to the 80% investment policy set forth above.</font> </p> PORTFOLIO TURNOVER <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 150% of the average value of its portfolio.</font> </p> 1.50 PRINCIPAL RISKS OF INVESTING IN THE FUND <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">There can be no assurance that the Fund&#8217;s investment goal will be met or that the net return on an investment in the Fund will exceed what could have been obtained through other investment or savings vehicles. Shares of the Fund are not bank deposits and are not guaranteed or insured by any bank, government entity or the Federal Deposit Insurance Corporation. As with any mutual fund, there is no guarantee that the Fund will be able to achieve its investment goals. If the value of the assets of the Fund goes down, you could lose money.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The following is a summary description of the principal risks of investing in the Fund.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Interest Rate Fluctuations.</b></font> <font style="font-family:Times New Roman" size="2">Interest rates and bond prices typically move inversely to each other. Thus, as interest rates rise, bond prices typically fall and as interest rates fall, bond prices typically rise. Longer-term and lower coupon bonds tend to be more sensitive to changes in interest rates. In addition, the market tends to discount prices of GNMA securities for prepayment risk when interest rates decline. As a result, the prices of GNMA securities typically do not rise as much as the prices of comparable bonds during periods of falling interest rates.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Bond Market Volatility.</b></font> <font style="font-family:Times New Roman" size="2">The bond markets as a whole could go up or down (sometimes dramatically). This could affect the value of the securities in the Fund&#8217;s portfolio.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Prepayment Risk.</b></font> <font style="font-family:Times New Roman" size="2">The Fund will invest significantly in mortgage-backed securities, which entails the risk that the underlying principal may be &#8220;prepaid&#8221; at any time. As a general rule, prepayments increase during a period of falling interest rates and decrease during a period of rising interest rates. As a result of prepayments, the Fund may lose potential price appreciation and may be required to reinvest its assets in securities with lower interest rates. In periods of increasing interest rates, prepayments generally may decline, with the effect that the securities subject to prepayment risk held by the Fund may exhibit price characteristics of longer-term debt securities. Generally, long-term bonds are more interest-rate sensitive.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Active Trading.</b></font><font style="font-family:Times New Roman" size="2">As part of the Fund&#8217;s principal investment technique, the Fund may engage in active trading of its portfolio securities. Because the Fund may sell a security without regard to how long it has held the security, active trading may have tax consequences for certain shareholders, involving a possible increase in short-term capital gains or losses. Active trading may result in high portfolio turnover and correspondingly greater brokerage commissions and other transaction costs, which will be borne directly by the Fund and which will affect the Fund&#8217;s performance. During periods of increased market volatility, active trading may be more pronounced.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Securities Selection.</b></font> <font style="font-family:Times New Roman" size="2">A strategy used by the Fund, or securities selected by a portfolio manager, may fail to produce the intended return.</font> </p> Shares of the Fund are not bank deposits and are not guaranteed or insured by any bank, government entity or the Federal Deposit Insurance Corporation. As with any mutual fund, there is no guarantee that the Fund will be able to achieve its investment goals. If the value of the assets of the Fund goes down, you could lose money. PERFORMANCE INFORMATION <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The following Risk/Return Bar Chart and Table illustrates the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from calendar year to calendar year, and compares the Fund&#8217;s average annual returns to those of the BofA Merrill Lynch Mortgages GNMA Master Index, a broad measure of market performance. Sales charges are not reflected in the Bar Chart. If these amounts were reflected, returns would be less than those shown. However, the table includes all applicable fees and sales charges. Of course, past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated information on the Fund&#8217;s performance can be&#160;obtained by visiting www.safunds.com or can be obtained by phone at <font style="white-space:nowrap"><font style="white-space:nowrap">800-858-8850</font></font> ext. 6003.</font> </p> GNMA FUND (Class A) 0.0212 0.0394 0.0228 0.0357 0.0692 0.0868 0.0299 0.0613 0.0731 -0.0001 ~ http://sunamerica.com/20130729/role/ScheduleAnnualTotalReturnsBarChart20013 column dei_LegalEntityAxis compact ck0000795307_S000007631Member column rr_ProspectusShareClassAxis compact ck0000795307_C000020820Member row primary compact * ~ highest return 0.0502 2008-12-31 lowest return -0.0215 2004-06-30 year-to-date return -0.0435 2013-06-30 <table align="center" border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%;"> <tr> <td width="68%"> </td> <td valign="bottom" width="1%"> </td> <td width="31%"> </td> </tr> <tr> <td valign="top"> </td> <td valign="bottom"> <font style="font-size: xx-small;"></font> </td> <td valign="top"> <p style="margin-top: 0px; margin-bottom: 0px;"> <font style="font-family: Times New Roman; font-size: small;">During the <font style="white-space: nowrap;">10-year</font> period shown in the Bar Chart, the highest return for a quarter was 5.02% (quarter ended December 31, 2008) and the lowest return for a quarter was -2.15% (quarter ended June 30, 2004).</font> </p> <p style="margin-top: 0px; margin-bottom: 0px;"> <font style="font-family: Times New Roman; font-size: small;"></font> </p> <p style="margin-top: 0px; margin-bottom: 0px;"> <font style="font-family: Times New Roman; font-size: small;"></font> </p> <p style="margin-top: 0px; margin-bottom: -6px;"> <font style="font-size: xx-small;"></font> </p> <p style="margin-top: 0px; margin-bottom: 1px;"> <font style="font-family: Times New Roman; font-size: small;">The Fund's cumulative year-to-date return through the most recent calendar quarter ended June 30, 2013 was -4.35%.</font> </p> </td> </tr> </table> -0.0455 0.0395 0.0368 -0.0162 0.0431 0.0369 -0.0474 0.0396 0.0386 -0.0559 0.0236 0.0235 -0.0302 0.0248 0.0242 0.0236 0.0599 0.0522 ~ http://sunamerica.com/20130729/role/ScheduleAverageAnnualReturnsTransposed20014 column dei_LegalEntityAxis compact ck0000795307_S000007631Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The <font style="white-space:nowrap">after-tax</font> returns shown were calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. An investor&#8217;s actual <font style="white-space:nowrap">after-tax</font> returns depend on the investor&#8217;s tax situation and may differ from those shown in the above table. The <font style="white-space:nowrap">after-tax</font> returns shown are not relevant to investors who hold their shares through <font style="white-space:nowrap">tax-deferred</font> arrangements, such as 401(k) plans or individual retirement accounts.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"><font style="white-space:nowrap">After-tax</font> returns are shown only for Class A shares. <font style="white-space:nowrap">After-tax</font> returns for other classes will vary.</font> </p> The after-tax returns shown were calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. The following Risk/Return Bar Chart and Table illustrates the risks of investing in the Fund by showing changes in the Fund's performance from calendar year to calendar year, and compares the Fund's average annual returns to those of the BofA Merrill Lynch Mortgages GNMA Master Index, a broad measure of market performance. An investor's actual after-tax returns depend on the investor's tax situation and may differ from those shown in the above table. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Of course, past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. However, the table includes all applicable fees and sales charges. 800-858-8850 www.safunds.com Sales charges are not reflected in the Bar Chart. If these amounts were reflected, returns would be less than those shown. When the return after taxes on distributions and sale of Fund shares is higher, it is because of realized losses. If realized losses occur upon the sale of Fund shares, the capital loss is recorded as a tax benefit, which increases the return. After-tax returns are shown only for Class A shares. After-tax returns for other classes will vary. Average Annual Total Returns (as of the periods ended December 31, 2012) INVESTMENT GOAL <p style="margin-top:0px;margin-bottom:0px"> <font size="2" style="font-family:Times New Roman">The investment goal of the SunAmerica GNMA Fund (the &#8220;GNMA Fund&#8221; or the &#8220;Fund&#8221;) is current income,</font></p> <p style="margin-top:0px;margin-bottom:0px"><font size="2" style="font-family:Times New Roman">with capital appreciation as a secondary objective.</font> </p> Strategic Bond SDIAX SDIBX NAICX FEES AND EXPENSES OF THE FUND <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"><b>This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 in the SunAmerica fund complex. More information about these and other discounts is available from your financial professional and in the &#8220;Shareholder Account Information-Sales Charge Reductions and Waivers&#8221; section on page 21 of the Fund&#8217;s Prospectus and in the &#8220;Additional Information Regarding Purchase of Shares&#8221; section on page&#160;85 of the Fund&#8217;s statement of additional information.</b></font> </p> 0.0475 0.0000 0.0000 0.0000 0.0400 0.0100 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0063 0.0063 0.0063 0.0035 0.0100 0.0100 0.0032 0.0034 0.0031 0.0130 0.0197 0.0194 ~ http://sunamerica.com/20130729/role/ScheduleShareholderFees20017 column dei_LegalEntityAxis compact ck0000795307_S000007634Member row primary compact * ~ ~ http://sunamerica.com/20130729/role/ScheduleAnnualFundOperatingExpenses20018 column dei_LegalEntityAxis compact ck0000795307_S000007634Member row primary compact * ~ You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 in the SunAmerica fund complex. Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Shareholder Fees (fees paid directly from your investment) Purchases of Class A shares of $1 million or more will be subject to a contingent deferred sales charge (CDSC) on redemptions made within two years of purchase. The CDSC on Class B shares applies only if shares are redeemed within six years of their purchase. The CDSC on Class C shares applies only if shares are redeemed within twelve months of their purchase. See pages 20-22 of the Prospectus for more information about the CDSCs. 100000 EXAMPLE: <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem 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 Fund&#8217;s operating expenses remain the same. 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:</font> </p> 601 868 1154 1968 600 918 1262 2123 297 609 1047 2264 601 868 1154 1968 200 618 1062 2123 197 609 1047 2264 ~ http://sunamerica.com/20130729/role/ScheduleExpenseExampleTransposed20019 column dei_LegalEntityAxis compact ck0000795307_S000007634Member row primary compact * ~ ~ http://sunamerica.com/20130729/role/ScheduleExpenseExampleNoRedemptionTransposed20020 column dei_LegalEntityAxis compact ck0000795307_S000007634Member row primary compact * ~ You would pay the following expenses if you did not redeem your shares: PRINCIPAL INVESTMENT STRATEGY AND TECHNIQUES OF THE FUND <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The Fund&#8217;s principal investment strategy is fixed income investing. The strategy of &#8220;fixed income investing&#8221; in which the Fund engages includes utilizing economic research and analysis of current economic conditions, potential fluctuations in interest rates, and, where relevant &#8212; particularly with respect to the issuers of high-yield, high-risk bonds &#8212; the strength of the underlying issuer.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The principal investment technique of the Fund is active trading of a broad range of bonds, including both investment grade and <font style="white-space:nowrap">non-investment</font> grade U.S. and foreign corporate bonds (which may include &#8220;junk bonds&#8221;), U.S. and foreign government and agency obligations, and mortgage-backed securities, without regard to the maturities of such securities. Under normal market conditions, at least 80% of the Fund&#8217;s net assets plus any borrowing for investment purposes will be invested in bonds.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The principal investment strategy and principal investment technique of the Fund may be changed without shareholder approval. You will receive at least sixty (60)&#160;days&#8217; notice of any change to the 80% investment policy set forth above.</font> </p> PORTFOLIO TURNOVER <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 166% of the average value of its portfolio.</font> </p> 1.66 PRINCIPAL RISKS OF INVESTING IN THE FUND <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">There can be no assurance that the Fund&#8217;s investment goal will be met or that the net return on an investment in the Fund will exceed what could have been obtained through other investment or savings vehicles. Shares of the Fund are not bank deposits and are not guaranteed or insured by any bank, government entity or the Federal Deposit Insurance Corporation. As with any mutual fund, there is no guarantee that the Fund will be able to achieve its investment goals. If the value of the assets of the Fund goes down, you could lose money.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The following is a summary description of the principal risks of investing in the Fund.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Interest Rate Fluctuations.</b></font> <font style="font-family:Times New Roman" size="2">Interest rates and bond prices typically move inversely to each other. Thus, as interest rates rise, bond prices typically fall and as interest rates fall, bond prices typically rise. Longer-term and lower coupon bonds tend to be more sensitive to changes in interest rates.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Bond Market Volatility.</b></font> <font style="font-family:Times New Roman" size="2">The bond markets as a whole could go up or down (sometimes dramatically). This could affect the value of the securities in the Fund&#8217;s portfolio.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Credit Risk.</b></font><font style="font-family:Times New Roman" size="2">The Fund will invest in bonds with various credit ratings. The creditworthiness of the issuer is always a factor in analyzing fixed-income securities. An issuer with a lower credit rating will be more likely than a higher-rated issuer to default or otherwise become unable to honor its financial obligations.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The Fund may invest in &#8220;junk bonds,&#8221; which are considered speculative. While management seeks to diversify the Fund and to engage in a credit analysis of each junk bond issuer in which the Fund invests, junk bonds carry a substantial risk of default or they may already be in default. The market price for junk bonds may fluctuate more than higher-quality securities and may decline significantly. In addition, it may be more difficult for the Fund to dispose of junk bonds or to determine their value. Junk bonds may contain redemption or call provisions that, if exercised during a period of declining interest rates, may force the Fund to replace the security with a lower yielding security, which would decrease the return of the Fund.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Foreign Securities Risk.</b></font> <font style="font-family:Times New Roman" size="2">By investing internationally, the value of your investment may be affected by fluctuating currency values, changing local and regional economic, political and social conditions, and greater market volatility. In addition, foreign securities may not be as liquid as domestic securities. <b></b>Moreover, foreign sovereign debt securities are subject to the risk that a governmental entity may delay or refuse to pay interest or repay principal on its sovereign debt, due, for example, to cash flow problems; insufficient foreign currency reserves; political, social and economic considerations; or the relative size of the governmental entity&#8217;s debt position in relation to the economy. If a governmental entity defaults, it may ask for more time in which to pay or for further loans.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>U.S. Government Securities Risk.</b></font> <font style="font-family:Times New Roman" size="2">Securities issued or guaranteed by federal agencies or authorities and U.S. government-sponsored instrumentalities or enterprises may or may not be backed by the full faith and credit of the U.S. government. For example, securities issued by the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association and the Federal Home Loan Bank are neither insured nor guaranteed by the U.S. government. These securities may be supported only by the credit of the issuing agency, authority, instrumentality or enterprise or by the ability to borrow from the U.S. Treasury and, as a result, are subject to greater credit risk than securities issued or guaranteed by the U.S. Treasury.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Illiquidity.</b></font><font style="font-family:Times New Roman" size="2">Certain securities may be difficult or impossible to sell at the time and the price that the seller would like.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Active Trading.</b></font> <font style="font-family:Times New Roman" size="2">As part of the Fund&#8217;s principal investment technique, the Fund may engage in active trading of its portfolio securities. Because the Fund may sell a security without regard to how long it has held the security, active trading may have tax consequences for certain shareholders, involving a possible increase in short-term capital gains or losses. Active trading may result in high portfolio turnover and correspondingly greater brokerage commissions and other transaction costs, which will be borne directly by the Fund and which will affect the Fund&#8217;s performance. During periods of increased market volatility, active trading may be more pronounced.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Securities Selection.</b></font> <font style="font-family:Times New Roman" size="2">A strategy used by the Fund, or securities selected by a portfolio manager, may fail to produce the intended return.</font> </p> Shares of the Fund are not bank deposits and are not guaranteed or insured by any bank, government entity or the Federal Deposit Insurance Corporation. As with any mutual fund, there is no guarantee that the Fund will be able to achieve its investment goals. If the value of the assets of the Fund goes down, you could lose money. PERFORMANCE INFORMATION <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The following Risk/Return Bar Chart and Table illustrates the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from calendar year to calendar year, and compares the Fund&#8217;s average annual returns to those of the Barclays U.S. Aggregate Bond Index, a broad measure of market performance. Sales charges are not reflected in the Bar Chart. If these amounts were reflected, returns would be less than those shown. However, the table includes all applicable fees and sales charges. Of course, past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated information on the Fund&#8217;s performance can be obtained by visiting www.safunds.com or can be obtained by phone at <font style="white-space:nowrap"><font style="white-space:nowrap">800-858-8850</font></font> ext. 6003.</font> </p> STRATEGIC BOND FUND (Class A) 0.2041 0.1234 0.0457 0.0792 0.0391 -0.1563 0.2754 0.1165 0.0356 0.1206 ~ http://sunamerica.com/20130729/role/ScheduleAnnualTotalReturnsBarChart20021 column dei_LegalEntityAxis compact ck0000795307_S000007634Member column rr_ProspectusShareClassAxis compact ck0000795307_C000020829Member row primary compact * ~ highest return 0.1219 2009-06-30 lowest return -0.0999 2008-12-31 year-to-date return -0.0294 2013-06-30 <table align="center" border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%;"> <tr> <td width="68%"> </td> <td valign="bottom" width="1%"> </td> <td width="31%"> </td> </tr> <tr> <td valign="top"> </td> <td valign="bottom"> <font style="font-size: xx-small;"></font> </td> <td valign="top"> <p style="margin-top: 0px; margin-bottom: 0px;"> <font style="font-family: Times New Roman; font-size: small;">During the <font style="white-space: nowrap;">10-year</font> period shown in the Bar Chart, the highest return for a quarter was 12.19% (quarter ended June 30, 2009) and the lowest return for a quarter was -9.99% (quarter ended December31, 2008).</font> </p> <p style="margin-top: 0px; margin-bottom: 0px;"> <font style="font-family: Times New Roman; font-size: small;"></font> </p> <p style="margin-top: 0px; margin-bottom: 0px;"> <font style="font-family: Times New Roman; font-size: small;"></font> </p> <p style="margin-top: 0px; margin-bottom: -6px;"> <font style="font-size: xx-small;"></font> </p> <p style="margin-top: 0px; margin-bottom: 1px;"> <font style="font-family: Times New Roman; font-size: small;">The Fund's cumulative year-to-date return through the most recent calendar quarter ended June 30, 2013 was -2.94%.</font> </p> </td> </tr> </table> 0.0733 0.0590 0.0769 0.1064 0.0624 0.0761 0.0667 0.0582 0.0773 0.0511 0.0352 0.0548 0.0429 0.0355 0.0530 0.0421 0.0595 0.0518 ~ http://sunamerica.com/20130729/role/ScheduleAverageAnnualReturnsTransposed20022 column dei_LegalEntityAxis compact ck0000795307_S000007634Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The <font style="white-space:nowrap">after-tax</font> returns shown were calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. An investor&#8217;s actual <font style="white-space:nowrap">after-tax</font> returns depend on the investor&#8217;s tax situation and may differ from those shown in the above table. The <font style="white-space:nowrap">after-tax</font> returns shown are not relevant to investors who hold their shares through <font style="white-space:nowrap">tax-deferred</font> arrangements, such as 401(k) plans or individual retirement accounts.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"><font style="white-space:nowrap">After-tax</font> returns are shown only for Class A shares. <font style="white-space:nowrap">After-tax</font> returns for other classes will vary.</font> </p> The after-tax returns shown were calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. The following Risk/Return Bar Chart and Table illustrates the risks of investing in the Fund by showing changes in the Fund's performance from calendar year to calendar year, and compares the Fund's average annual returns to those of the Barclays U.S. Aggregate Bond Index, a broad measure of market performance. An investor's actual after-tax returns depend on the investor's tax situation and may differ from those shown in the above table. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Of course, past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. However, the table includes all applicable fees and sales charges. 800-858-8850 www.safunds.com Sales charges are not reflected in the Bar Chart. If these amounts were reflected, returns would be less than those shown. When the return after taxes on distributions and sale of Fund shares is higher, it is because of realized losses. If realized losses occur upon the sale of Fund shares, the capital loss is recorded as a tax benefit, which increases the return. After-tax returns are shown only for Class A shares. After-tax returns for other classes will vary. Average Annual Total Returns (as of the periods ended December 31, 2012) INVESTMENT GOAL <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The investment goal of the SunAmerica Strategic Bond Fund (the &#8220;Strategic Bond Fund&#8221; or the &#8220;Fund&#8221;) is a high level of total return.</font> </p> High Yield Bond SHNAX SHNBX SHNCX FEES AND EXPENSES OF THE FUND <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"><b>This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 in the SunAmerica fund complex. More information about these and other discounts is available from your financial professional and in the &#8220;Shareholder Account Information-Sales Charge Reductions and Waivers&#8221; section on page 21 of the Fund&#8217;s Prospectus and in the &#8220;Additional Information Regarding Purchase of Shares&#8221; section on page&#160;85 of the Fund&#8217;s statement of additional information.</b></font> </p> 0.0475 0.0000 0.0000 0.0000 0.0400 0.0100 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0075 0.0075 0.0075 0.0035 0.0100 0.0100 0.0042 0.0048 0.0042 0.0152 0.0223 0.0217 -0.0016 -0.0022 -0.0016 0.0136 0.0201 0.0201 ~ http://sunamerica.com/20130729/role/ScheduleShareholderFees20025 column dei_LegalEntityAxis compact ck0000795307_S000007633Member row primary compact * ~ ~ http://sunamerica.com/20130729/role/ScheduleAnnualFundOperatingExpenses20026 column dei_LegalEntityAxis compact ck0000795307_S000007633Member row primary compact * ~ You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 in the SunAmerica fund complex. Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Shareholder Fees (fees paid directly from your investment) Purchases of Class A shares of $1 million or more will be subject to a contingent deferred sales charge (CDSC) on redemptions made within two years of purchase. The CDSC on Class B shares applies only if shares are redeemed within six years of their purchase. The CDSC on Class C shares applies only if shares are redeemed within twelve months of their purchase. See pages 20-22 of the Prospectus for more information about the CDSCs. 100000 EXAMPLE: <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem 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 Fund&#8217;s operating expenses remain the same. 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:</font> </p> 607 885 1184 2032 604 930 1283 2170 304 630 1083 2338 607 885 1184 2032 204 630 1083 2170 204 630 1083 2338 ~ http://sunamerica.com/20130729/role/ScheduleExpenseExampleTransposed20027 column dei_LegalEntityAxis compact ck0000795307_S000007633Member row primary compact * ~ ~ http://sunamerica.com/20130729/role/ScheduleExpenseExampleNoRedemptionTransposed20028 column dei_LegalEntityAxis compact ck0000795307_S000007633Member row primary compact * ~ You would pay the following expenses if you did not redeem your shares: PRINCIPAL INVESTMENT STRATEGY AND TECHNIQUES OF THE FUND <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The Fund&#8217;s principal investment strategy is fixed income investing. The strategy of &#8220;fixed income investing&#8221; in which the Fund engages includes utilizing economic research and analysis of current economic conditions, potential fluctuations in interest rates, and, where relevant &#8212; particularly with respect to the issuers of high-yield, high-risk bonds &#8212; the strength of the underlying issuer.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The principal investment technique of the Fund is active trading of below-investment grade U.S. and foreign junk bonds (rated below Baa by Moody&#8217;s or below BBB by Standard&#160;&amp; Poor&#8217;s or determined to be of comparable quality by the investment adviser) without regard to the maturities of such securities. For purposes of this policy, bonds include fixed-income securities other than short-term commercial paper and preferred stock. Under normal market conditions, at least 80% of the Fund&#8217;s net assets, plus any borrowing for investment purposes, will be invested in such securities.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The principal investment strategy and principal investment technique of the Fund may be changed without shareholder approval. You will receive at least sixty (60)&#160;days&#8217; notice of any change to the 80% investment policy set forth above.</font> </p> PORTFOLIO TURNOVER <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 44% of the average value of its portfolio.</font> </p> 0.44 PRINCIPAL RISKS OF INVESTING IN THE FUND <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">There can be no assurance that the Fund&#8217;s investment goal will be met or that the net return on an investment in the Fund will exceed what could have been obtained through other investment or savings vehicles. Shares of the Fund are not bank deposits and are not guaranteed or insured by any bank, government entity or the Federal Deposit Insurance Corporation. As with any mutual fund, there is no guarantee that the Fund will be able to achieve its investment goals. If the value of the assets of the Fund goes down, you could lose money.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The following is a summary description of the principal risks of investing in the Fund.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Interest Rate Fluctuations.</b></font> <font style="font-family:Times New Roman" size="2">Interest rates and bond prices typically move inversely to each other. Thus, as interest rates rise, bond prices typically fall and as interest rates fall, bond prices typically rise. Longer-term and lower coupon bonds tend to be more sensitive to changes in interest rates.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Bond Market Volatility.</b></font> <font style="font-family:Times New Roman" size="2">The bond markets as a whole could go up or down (sometimes dramatically). This could affect the value of the securities in the Fund&#8217;s portfolio.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Credit Risk.</b></font><font style="font-family:Times New Roman" size="2">The Fund will invest in bonds with various credit ratings. The creditworthiness of the issuer is always a factor in analyzing fixed-income securities. An issuer with a lower credit rating will be more likely than a higher-rated issuer to default or otherwise become unable to honor its financial obligations.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The Fund will invest in &#8220;junk bonds,&#8221; which are considered speculative. While management seeks to diversify the Fund and to engage in a credit analysis of each junk bond issuer in which the Fund invests, junk bonds carry a substantial risk of default or they may already be in default. The market price for junk bonds may fluctuate more than higher-quality securities and may decline significantly. In addition, it may be more difficult for the Fund to dispose of junk bonds or to determine their value. Junk bonds may contain redemption or call provisions that, if exercised during a period of declining interest rates, may force the Fund to replace the security with a lower yielding security, which would decrease the return of the Fund.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Foreign Securities Risk.</b></font> <font style="font-family:Times New Roman" size="2">By investing internationally, the value of your investment may be affected by fluctuating currency values, changing local and regional economic, political and social conditions, and greater market volatility. In addition, foreign securities may not be as liquid as domestic securities.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Call Provisions.</b></font> <font style="font-family:Times New Roman" size="2">Fixed-income securities that contain a call provision or option are subject to the risk that, during periods of falling interest rates, the issuer of a fixed-income security will redeem or &#8220;call&#8221; such security prior to its maturity. The exercise of a call provision or option may result in the Fund having to reinvest the proceeds in lower yielding securities, which would decrease the return of the Fund.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Illiquidity.</b></font><font style="font-family:Times New Roman" size="2">Certain securities may be difficult or impossible to sell at the time and the price that the seller would like.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Active Trading.</b></font> <font style="font-family:Times New Roman" size="2">As part of the Fund&#8217;s principal investment technique, the Fund may engage in active trading of its portfolio securities. Because the Fund may sell a security without regard to how long it has held the security, active trading may have tax consequences for certain shareholders, involving a possible increase in short-term capital gains or losses. Active trading may result in high portfolio turnover and correspondingly greater brokerage commissions and other transaction costs, which will be borne directly by the Fund and which will affect the Fund&#8217;s performance. During periods of increased market volatility, active trading may be more pronounced.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2" color="#27A5C0"><b>Securities Selection.</b></font> <font style="font-family:Times New Roman" size="2">A strategy used by the Fund, or securities selected by a portfolio manager, may fail to produce the intended return.</font> </p> Shares of the Fund are not bank deposits and are not guaranteed or insured by any bank, government entity or the Federal Deposit Insurance Corporation. As with any mutual fund, there is no guarantee that the Fund will be able to achieve its investment goals. If the value of the assets of the Fund goes down, you could lose money. PERFORMANCE INFORMATION <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The following Risk/Return Bar Chart and Table illustrates the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from calendar year to calendar year, and compares the Fund&#8217;s average annual returns to those of the Citigroup High Yield Market Index, a broad measure of market performance. Sales charges are not reflected in the Bar Chart. If these amounts were reflected, returns would be less than those shown. However, the table includes all applicable fees and sales charges. Of course, past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated information on the Fund&#8217;s performance can be obtained by visiting www.safunds.com or can be obtained by phone at <font style="white-space:nowrap">800-858-8850</font> ext. 6003.</font> </p> HIGH YIELD BOND FUND (Class A) 0.3115 0.1578 0.0736 0.1266 0.0091 -0.3650 0.4273 0.1366 0.0371 0.1331 ~ http://sunamerica.com/20130729/role/ScheduleAnnualTotalReturnsBarChart20029 column dei_LegalEntityAxis compact ck0000795307_S000007633Member column rr_ProspectusShareClassAxis compact ck0000795307_C000020826Member row primary compact * ~ highest return 0.1968 2009-06-30 lowest return -0.2789 2008-12-31 year-to-date return 0.0069 2013-06-30 <table align="center" border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%;"> <tr> <td width="68%"> </td> <td valign="bottom" width="1%"> </td> <td width="31%"> </td> </tr> <tr> <td valign="top"> </td> <td valign="bottom"> <font style="font-size: xx-small;"></font> </td> <td valign="top"> <p style="margin-top: 0px; margin-bottom: 0px;"> <font style="font-family: Times New Roman; font-size: small;">During the <font style="white-space: nowrap;">10-year</font> period shown in the Bar Chart, the highest return for a quarter was 19.68% (quarter ended June 30, 2009) and the lowest return for a quarter was -27.89% (quarter ended December31, 2008).</font> </p> <p style="margin-top: 0px; margin-bottom: 0px;"> <font style="font-family: Times New Roman; font-size: small;"></font> </p> <p style="margin-top: 0px; margin-bottom: 0px;"> <font style="font-family: Times New Roman; font-size: small;"></font> </p> <p style="margin-top: 0px; margin-bottom: -6px;"> <font style="font-size: xx-small;"></font> </p> <p style="margin-top: 0px; margin-bottom: 1px;"> <font style="font-family: Times New Roman; font-size: small;">The Fund's cumulative year-to-date return through the most recent calendar quarter ended June 30, 2013 was 0.69%.</font> </p> </td> </tr> </table> 0.0858 0.0290 0.0786 0.1153 0.0320 0.0772 0.0807 0.0290 0.0788 0.0592 -0.0010 0.0488 0.0518 0.0059 0.0497 0.1517 0.0982 0.1039 ~ http://sunamerica.com/20130729/role/ScheduleAverageAnnualReturnsTransposed20030 column dei_LegalEntityAxis compact ck0000795307_S000007633Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The <font style="white-space:nowrap">after-tax</font> returns shown were calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. An investor&#8217;s actual <font style="white-space:nowrap">after-tax</font> returns depend on the investor&#8217;s tax situation and may differ from those shown in the above table. The <font style="white-space:nowrap">after-tax</font> returns shown are not relevant to investors who hold their shares through <font style="white-space:nowrap">tax-deferred</font> arrangements, such as 401(k) plans or individual retirement accounts.</font> </p> <br/><p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2"><font style="white-space:nowrap">After-tax</font> returns are shown only for Class A shares. <font style="white-space:nowrap">After-tax</font> returns for other classes will vary.</font> </p> The after-tax returns shown were calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. The following Risk/Return Bar Chart and Table illustrates the risks of investing in the Fund by showing changes in the Fund's performance from calendar year to calendar year, and compares the Fund's average annual returns to those of the Citigroup High Yield Market Index, a broad measure of market performance. An investor's actual after-tax returns depend on the investor's tax situation and may differ from those shown in the above table. The after-tax returns shown are not relevant to investors who hold their shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Of course, past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. However, the table includes all applicable fees and sales charges. 800-858-8850 www.safunds.com Sales charges are not reflected in the Bar Chart. If these amounts were reflected, returns would be less than those shown. When the return after taxes on distributions and sale of Fund shares is higher, it is because of realized losses. If realized losses occur upon the sale of Fund shares, the capital loss is recorded as a tax benefit, which increases the return. After-tax returns are shown only for Class A shares. After-tax returns for other classes will vary. Average Annual Total Returns (as of the periods ended December 31, 2012) INVESTMENT GOAL <p style="margin-top:0px;margin-bottom:0px"> <font style="font-family:Times New Roman" size="2">The investment goal of the SunAmerica High Yield Bond Fund (the &#8220;High Yield Bond Fund&#8221; or the &#8220;Fund&#8221;) is a high level of total return.</font> </p> EX-101.SCH 3 ck0000795307-20130729.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 000001 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 020000 - Document - Risk/Return Summary {Unlabeled} - U.S. Government Securities link:presentationLink link:definitionLink link:calculationLink 020001 - Schedule - Shareholder Fees link:presentationLink link:definitionLink link:calculationLink 020002 - Schedule - Annual Fund Operating Expenses link:presentationLink link:definitionLink link:calculationLink 020003 - Schedule - Expense Example {Transposed} link:presentationLink link:definitionLink link:calculationLink 020004 - Schedule - Expense Example No Redemption {Transposed} link:presentationLink link:definitionLink link:calculationLink 020005 - Schedule - Annual Total Returns [Bar Chart] link:presentationLink link:definitionLink link:calculationLink 020006 - Schedule - Average Annual Returns {Transposed} link:presentationLink link:definitionLink link:calculationLink 020008 - Document - Risk/Return Summary {Unlabeled} - GNMA Fund link:presentationLink link:definitionLink link:calculationLink 020009 - Schedule - Shareholder Fees link:presentationLink link:definitionLink link:calculationLink 020010 - Schedule - Annual Fund Operating Expenses link:presentationLink link:definitionLink link:calculationLink 020011 - Schedule - Expense Example {Transposed} link:presentationLink link:definitionLink link:calculationLink 020012 - Schedule - Expense Example No Redemption {Transposed} link:presentationLink link:definitionLink link:calculationLink 020013 - Schedule - Annual Total Returns [Bar Chart] link:presentationLink link:definitionLink link:calculationLink 020014 - Schedule - Average Annual Returns {Transposed} link:presentationLink link:definitionLink link:calculationLink 020016 - Document - Risk/Return Summary {Unlabeled} - Strategic Bond link:presentationLink link:definitionLink link:calculationLink 020017 - Schedule - Shareholder Fees link:presentationLink link:definitionLink link:calculationLink 020018 - Schedule - Annual Fund Operating Expenses link:presentationLink link:definitionLink link:calculationLink 020019 - Schedule - Expense Example {Transposed} link:presentationLink link:definitionLink link:calculationLink 020020 - Schedule - Expense Example No Redemption {Transposed} link:presentationLink link:definitionLink link:calculationLink 020021 - Schedule - Annual Total Returns [Bar Chart] link:presentationLink link:definitionLink link:calculationLink 020022 - Schedule - Average Annual Returns {Transposed} link:presentationLink link:definitionLink link:calculationLink 020024 - Document - Risk/Return Summary {Unlabeled} - High Yield Bond link:presentationLink link:definitionLink link:calculationLink 020025 - Schedule - Shareholder Fees link:presentationLink link:definitionLink link:calculationLink 020026 - Schedule - Annual Fund Operating Expenses link:presentationLink link:definitionLink link:calculationLink 020027 - Schedule - Expense Example {Transposed} link:presentationLink link:definitionLink link:calculationLink 020028 - Schedule - Expense Example No Redemption {Transposed} link:presentationLink link:definitionLink link:calculationLink 020029 - Schedule - Annual Total Returns [Bar Chart] link:presentationLink link:definitionLink link:calculationLink 020030 - Schedule - Average Annual Returns {Transposed} link:presentationLink link:definitionLink link:calculationLink 020007 - Disclosure - Risk/Return Detail Data {Elements} - U.S. Government Securities link:presentationLink link:definitionLink link:calculationLink 020015 - Disclosure - Risk/Return Detail Data {Elements} - GNMA Fund link:presentationLink link:definitionLink link:calculationLink 020023 - Disclosure - Risk/Return Detail Data {Elements} - Strategic Bond link:presentationLink link:definitionLink link:calculationLink 020031 - Disclosure - Risk/Return Detail Data {Elements} - High Yield Bond link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 4 ck0000795307-20130729_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 5 ck0000795307-20130729_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 6 ck0000795307-20130729_lab.xml XBRL TAXONOMY EXTENSION LABELS LINKBASE DOCUMENT EX-101.PRE 7 ck0000795307-20130729_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT