Morningstar

NAA Opportunity Fund Institutional SAOIX

Morningstar Medalist Rating
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Medalist Rating as of See New Age Alpha Investment Hub
  • NAV / 1-Day Return $37.02  /  −0.24 %
  • Fund Size $43.9M
  • Adjusted Expense Ratio 1.410%
  • Net Expense Ratio 1.410%
  • Fee Level: Distribution Average
  • Share Class Type Institutional
  • Morningstar Category Long-Short Equity
  • Equity Style Box (Funds) Mid Value
  • Minimum Initial Investment $2M
  • Investment Status Open
  • TTM Yield 0.83%
  • Turnover Ratio 234%
NAV and 1-Day Return as of

Morningstar’s Analysis SAOIX

Will SAOIX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SAOIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SAOIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SAOIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

NAA Opportunity Institutional holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

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Portfolio Holdings SAOIX

More SAOIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings —
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Money Market Funds

21.90 9M
Cash and Equivalents

United States Treasury Bills 0%

21.27 9M
Government

Short Term Investments - Other

7.07 3M
Cash and Equivalents

Total Return Swap

1.62 680,902
—

OGE Energy Corp

1.59 666,058
Utilities

Total Return Swap

1.59 664,970
—

Exelon Corp

1.57 656,503
Utilities

Total Return Swap

1.51 632,074
—

Total Return Swap

1.45 606,409
—

Total Return Swap

1.41 588,855
—

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