NAA SMid Cap Value P
SEVPX
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
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
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 555 Theodore Fremd Avenue Rye NY United States of America 10580
- IPO Date
- May 1, 2015
- CIK
- 0000088525
- Similar Companies
- Business
- NAA SMid Cap Value P (SEVPX) is an actively managed open-end mutual fund that seeks long-term capital growth by investing primarily in a diversified portfolio of small- and mid-capitalization U.S. value stocks exhibiting undervalued characteristics relative to assets, earnings, growth potential, or cash flows. The fund invests at least 80% of its net assets in equity securities, including common stocks, real estate investment trusts (REITs), options, warrants, convertible securities of U.S. and U.S. dollar-denominated foreign issuers, and American Depositary Receipts (ADRs); it employs New Age Alpha Advisors LLC's proprietary h-factor methodology, an actuarial-based approach that calculates the probability a company will fail to deliver revenue growth to support its security price, thereby systematically avoiding overpriced securities while favoring underpriced ones. The fund targets the small value segment, benchmarked against the S&P 1000 Value Index, with assets under management of approximately $295 million and holdings such as Pioneer Natural Resources Co., Unum Group, Ingredion Inc., Euronet Worldwide Inc., and Bunge Ltd.. In a major strategic shift completed in October 2024, New Age Alpha Advisors LLC acquired the actively managed equity funds business of Guggenheim Investments, including SEVPX, which was previously known as Guggenheim SMid Cap Value Fund; effective October 28, 2024, the fund underwent a name change to NAA SMid Cap Value Fund, updates to its principal investment strategies to incorporate the h-factor methodology, a transition to the S&P 1000 Value Index as its benchmark, and changes to the portfolio management team. This reorganization encompassed 20 mutual and variable insurance funds with aggregate assets under management of about $2.5 billion, marking a significant expansion for New Age Alpha, an investment management firm founded by Armen Arus and Julian Koski following their prior venture Transparent Value (acquired by Guggenheim in 2009). Headquartered in Rye, New York, New Age Alpha Advisors LLC offers a range of products across equity styles, capitalizations, regions, and fixed income, owned by its partners and a European pension fund, with no reported recent funding rounds, partnerships, or additional acquisitions beyond this transaction.