NAA Opportunity Fund Class A
SAOAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 702 King Farm Boulevard Rockville MD United States of America 20850
- IPO Date
- Jul 8, 2003
- CIK
- 0000088525
- Similar Companies
- Business
- NAA Opportunity Fund (SAOAX) is an open-end mutual fund that seeks long-term capital growth by investing under normal market conditions in long and short positions of domestic equity and equity-related securities of small- and mid-cap companies, utilizing derivatives such as options and futures contracts for hedging or leveraged exposure to sectors, industries, market risk factors, or individual companies, including over-the-counter instruments; the fund maintains approximately 50% of its assets in a long/short equity strategy, with a focus on value-oriented small-cap styles, high portfolio turnover around 300-309%, and an expense ratio of approximately 1.71-1.74%, including front-end loads and a minimum initial investment of $2,500. The fund operates within the long-short equity category, targeting institutional and retail investors seeking absolute returns through market-neutral and directional strategies across U.S. equities, with significant allocations to cash equivalents like U.S. Treasury Bills (around 36-37%) and top sectors including industrials, consumer defensive, utilities, communication services, and financial services; it is domiciled in the United States and available primarily to U.S. investors. Originally launched on July 7, 2003, as part of Guggenheim Funds Trust and managed under Guggenheim Investments (headquartered at 227 West Monroe Street, Chicago, IL, with overarching operations in New York, NY), the fund underwent a major strategic change in October 2024 when New Age Alpha, an asset management firm founded in 2018 and headquartered at 555 Theodore Fremd Avenue, Suite A-101, Rye, New York, completed its acquisition of Guggenheim Investments' actively managed equity funds business, including SAOAX and 19 other mutual and variable insurance funds representing approximately $2.5 billion in assets under management as of September 30, 2024. This acquisition, announced definitively in March 2024 and closed following shareholder approvals and regulatory filings, resulted in the reorganization of Guggenheim Alpha Opportunity Fund into NAA Opportunity Fund, enabling New Age Alpha to integrate its proprietary h-factor methodology—rooted in actuarial science, data analytics, and technology—while allowing Guggenheim to refocus on fixed income, alternatives, and insurance assets. As of late 2025, the fund maintains total net assets around $34-37 million, with a neutral Morningstar Medalist Rating reflecting average people pillar ratings offset by process strengths, and recent performance including a 1-year return of approximately 9-15%, YTD variability, and a TTM yield of about 1.05%.