NAA Opportunity A (SAOAX)

Fund Assets	41.63M
Expense Ratio	1.74%
Min. Investment	$2,500
Turnover	234.00%
Dividend (ttm)	0.22
Dividend Yield	0.60%
Dividend Growth	n/a
Payout Frequency	Annual
Ex-Dividend Date	Dec 26, 2025

Previous Close	36.38
YTD Return	19.05%
1-Year Return	19.12%
5-Year Return	32.06%
52-Week Low	30.05
52-Week High	36.63
Beta (5Y)	0.31
Holdings	420
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.

• Fund Family: New Age Alpha Advisors LLC
• Category: Long-Short Equity
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: SAOAX
• Share Class: A
• Index: ICE BofA US 3-Month T Bill TR IX

Performance

SAOAX had a total return of 19.12% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.29%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
SAOIX	Institutional	1.49%
SAOSX	P	1.74%
SAOCX	C	2.50%

Top 10 Holdings

58.38% of assets

Name	Symbol	Weight
United States Treasury Bills 0%	B.0 10.01.26	22.20%
Bbh Overnight Sweep	n/a	18.87%
Wells Fargo Margin Deposit	n/a	5.68%
Chevron Corporation	CVX	1.88%
Recv Marathon Petroleum C	n/a	1.81%
Recv Hf Sinclair Corp	n/a	1.66%
ExxonMobil Holdings Corporation	XOM	1.66%
Recv Occidental Petroleum	n/a	1.58%
Recv Millicom Intl Cellul	n/a	1.52%
Cheniere Energy, Inc.	LNG	1.52%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 26, 2025	$0.220	Dec 29, 2025
Dec 23, 2024	$0.33555	Dec 24, 2024

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 28, 2026

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