About SAOIX
NAA Opportunity Fund Institutional is a long-short equity mutual fund designed to provide long-term capital growth. The fund utilizes a strategy of holding both long and short positions in U.S. equity and equity-related securities, including small-, mid-, and large-cap companies. It may also use derivatives, such as equity swaps, to gain specific market exposures while managing direct investment risks. The fund’s approach seeks to capitalize on market opportunities in both rising and falling markets, aiming to deliver active returns within a controlled risk environment. Typically, at least 75% of assets are invested in equities or related derivatives, and the portfolio is actively managed, employing quantitative and qualitative tools to monitor performance and manage risk. Its holdings span a wide range of sectors, reflecting a diversified approach. The fund is tailored for institutional investors, featuring a high minimum investment and an expense ratio that ranks favorably compared to peers. Since its inception in 2008, NAA Opportunity Fund Institutional has maintained moderate volatility, reflected in its below-average risk rating and low long-term beta. This positions the fund as a notable option within the long-short equity category, serving clients seeking diversified exposure and alternative equity strategies.
Fund Family New Age Alpha Advisors LLC
Category Long-Short Equity
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol SAOIX
Share Class Institutional
Index ICE BofA US 3-Month T Bill TR IX
SAOIX had a total return of 18.58% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.14%.
