NAA Opportunity Fund Class A

Frequently Asked Questions About SAOAX

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.

What is SAOAX's dividend yield?

SAOAX's trailing-twelve-month yield is 0.58%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SAOAX?

Effective duration measures SAOAX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. SAOAX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of SAOAX?

SAOAX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of SAOAX?

Yield to maturity (YTM) is the total return you'd earn from SAOAX if every bond in the portfolio is held to maturity at the current price. SAOAX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.