Guggenheim Alpha Opportunity Fund
SAOSX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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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
- May 1, 2015
- CIK
- 0000088525
- Similar Companies
- Business
- Guggenheim Alpha Opportunity Fund (SAOSX) is a mutual fund that seeks long-term growth of capital by investing, under normal market conditions, in long and short positions of domestic equity and equity-related securities of small- and mid-cap companies using a value-oriented investment strategy. The fund offers multiple share classes, including Institutional (SAOSX), Class A (SAOAX), Class C (SAOCX), and Institutional Class (SAOIX), with an adjusted expense ratio of approximately 1.74% for Class A shares; it maintains total assets under management of around $37-38 million and targets institutional investors, high-net-worth individuals, and other sophisticated market participants in the long-short equity category. The fund's portfolio features concentrated holdings such as Goldman Sachs FS Treasury Intms Instl (cash equivalents) and MS Equity Custom Basket, with a turnover rate of 309% and a top-10 holdings concentration of 8.3%. In October 2024, Guggenheim Investments completed the sale of its actively managed equity funds business, including the Guggenheim Alpha Opportunity Fund, to New Age Alpha, an innovative investment management firm utilizing proprietary actuarial science, data analytics, and technology-driven strategies; the transaction encompassed 20-21 mutual and variable insurance funds with approximately $2.5-$2.6 billion in assets. Post-acquisition, the fund reorganized into corresponding New Age Alpha Funds, such as the NAA Opportunity Fund (retains tickers like SAOAX), with New Age Alpha assuming advisory responsibilities from its headquarters at 555 Theodore Fremd Avenue, Suite A-101, Rye, New York 10580. This strategic shift enables New Age Alpha to integrate the fund into its core focus on actively managed equity strategies alongside index licensing, separately managed accounts, and alternatives, while Guggenheim refocuses on fixed income, insurance assets, and other specialties. Originally launched on November 7, 2008, under Guggenheim Funds Trust with principal executive offices at 702 King Farm Boulevard, Suite 200, Rockville, Maryland 20850, the fund now operates within the U.S.-domiciled long-short equity segment, emphasizing small-value investment style and domestic market exposure without specified international geographic operations.