SVUIX – NAA SMid Cap Value Institutional Investment Strategy | Morningstar

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Strategy

The investment seeks long-term capital growth. Under normal circumstances, the fund pursues its objective by investing at least 80% of its assets in Small- and Mid-capitalization securities that the Adviser considers having “value” characteristics. The fund manager defines “value” as investments that appear to be undervalued relative to assets, earnings, growth potential or cash flows. The fund will primarily invest in equity securities, including common stocks, REITs, options, warrants, convertible securities of U.S. and U.S. dollar-denominated foreign issuers, and American Depositary Receipts (“ADRs”).

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SVUIX	NAA SMid Cap Value Fund Institutional	Institutional	Open			Jul 11, 2008	$32.35M	0.920%	Average	$2M	−$9.25M
SEVAX	NAA SMid Cap Value Fund A	Front Load	Open			May 1, 1997	$240.15M	1.150%	Below Average	$2,500	−$35.53M
SEVSX	NAA SMid Cap Value Fund C	Level Load	Open			Jan 29, 1999	$1.49M	2.000%	Average	$2,500	−$755,719.31

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