- What does SAOAX invest in?
- The Fund seeks long-term growth of capital. The Fund pursues its objective by investing approximately 50% of its total assets according to a long/short strategy and 50% in a portfolio of equity securities, equity derivatives and fixed income securities.
- What is the expense ratio of SAOAX?
- NAA Opportunity Fund Class A (SAOAX) charges an expense ratio of 1.74%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is SAOAX?
- NAA Opportunity Fund Class A (SAOAX) manages $40.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is SAOAX actively managed or an index fund?
- SAOAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was SAOAX launched?
- NAA Opportunity Fund Class A (SAOAX) launched in July 2003 and is managed by the fund issuer.
- How has SAOAX performed?
- SAOAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
