Guggenheim Alpha Opportunity Fund Class C
SAOCX
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
FRC
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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
- Website
- guggenheiminvestments.com
- Similar Companies
- Business
- Guggenheim Alpha Opportunity Fund Class C (SAOCX) is a mutual fund that seeks long-term growth of capital primarily through long and short positions in domestic equity securities and equity-related instruments, including swaps, derivatives such as options and futures contracts for hedging or leveraged exposure, and over-the-counter traded instruments. The Fund offers Class A (SAOAX), Class C (SAOCX), Institutional Class (SAOIX), and Class P (SAOSX) shares, with a gross expense ratio of 1.87% and net expense ratio of 1.74% as of the latest available data; it benchmarks performance against the ICE BofA US 3-Month Treasury Bill Index and distributes income annually when applicable. Managed by a team including Farhan Sharaff, Samir Sanghani, and Burak Hurmeyden under investment adviser Security Investors, LLC, and distributed by Guggenheim Funds Distributors, LLC, the Fund targets investors seeking alternative strategies in the long-short equity category. In a major strategic change effective October 25, 2024, the Guggenheim Alpha Opportunity Fund reorganized into the corresponding New Age Alpha Opportunity Fund, retaining the same ticker symbol SAOCX and tax ID but adopting a new CUSIP (64157H745 for Class C); this transaction was part of Guggenheim Investments' sale of its actively managed equity funds business, encompassing approximately $2.5 billion in assets, to New Age Alpha to refocus on fixed income, alternatives, and insurance assets. The reorganization qualified as a tax-free event under Section 368 of the Internal Revenue Code, preserving shareholders' tax basis and holding periods, with New Age Alpha assuming management responsibilities from its base at 702 King Farm Boulevard, Suite 200, Rockville, Maryland. Previously part of Guggenheim Funds Trust, associated with Guggenheim Partners—a global firm founded in 1999 and headquartered in New York with over $350 billion in assets under management—the Fund now operates under New Age Alpha Funds Trust, maintaining continuity for variable insurance trust series and omnibus accounts.