- What does SAOIX invest in?
- Under normal market conditions, the fund pursues its objective by investing in long and short positions of domestic equity and equity-related securities. The fund will ordinarily hold simultaneous long and short positions in equity securities or securities markets that provide exposure up to a level equal to 150% of the fund’s net assets for both the long and short positions.
- What is the expense ratio of SAOIX?
- NAA Opportunity Institutional (SAOIX) charges an expense ratio of 1.49%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is SAOIX?
- NAA Opportunity Institutional (SAOIX) manages $40.2M 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 SAOIX actively managed or an index fund?
- SAOIX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was SAOIX launched?
- NAA Opportunity Institutional (SAOIX) launched in November 2008 and is managed by the fund issuer.
- How has SAOIX performed?
- SAOIX'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.
