NAA Opportunity Fund A (SAOAX)
| Fund Assets | 39.45M |
| Expense Ratio | 1.74% |
| Min. Investment | $2,500 |
| Turnover | 234.00% |
| Dividend (ttm) | 0.22 |
| Dividend Yield | 0.61% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | n/a |
| Previous Close | 34.33 |
| YTD Return | 11.57% |
| 1-Year Return | 4.15% |
| 5-Year Return | 25.76% |
| 52-Week Low | 21.55 |
| 52-Week High | 34.44 |
| Beta (5Y) | n/a |
| Holdings | 409 |
| Inception Date | Jul 7, 2003 |
About SAOAX
NAA Opportunity Fund A is a long-short equity mutual fund designed to achieve long-term capital growth by taking both long and short positions in domestic equity and equity-related securities. Managed by New Age Alpha Advisors LLC since its inception in 2003, the fund invests across the capitalization spectrum, including small-, mid-, and large-cap U.S. companies. It also utilizes derivative instruments such as swaps to gain exposure to selected baskets of equities without directly holding individual stocks. The fund applies a proprietary, actuarial-based h-factor investment methodology, which focuses on avoiding companies unlikely to deliver the revenue growth needed to justify their stock prices, rather than trying to identify winners. This approach underpins a strategy aimed at managing risk and capturing returns across various sectors and industries. NAA Opportunity Fund A is part of the long-short equity category, which typically features moderate correlations (beta) to broader equity markets and seeks to generate returns from both rising and falling stock prices. With an expense ratio of approximately 1.74%, it is positioned as an actively managed, nontraditional equity fund with a below-average risk profile within its category.
Performance
SAOAX had a total return of 4.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.10%.
Top 10 Holdings
51.79% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Bills 0% | B.0 02.26.26 | 21.34% |
| Money Market Funds | n/a | 14.93% |
| Short Term Investments - Other | n/a | 4.95% |
| Total Return Swap | n/a | 2.06% |
| Total Return Swap | n/a | 1.56% |
| Total Return Swap | n/a | 1.47% |
| Total Return Swap | n/a | 1.39% |
| Bristol-Myers Squibb Company | BMY | 1.38% |
| Total Return Swap | n/a | 1.38% |
| Exxon Mobil Corporation | XOM | 1.33% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 26, 2025 | $0.220 | Dec 29, 2025 |
| Dec 23, 2024 | $0.33555 | Dec 24, 2024 |