NAA SMid Cap Value Fund
Data updated: 2026-08-19
C000253495 — NAA SMid Cap Value Fund. United States Mid Cap Value Equity · $303.19M AUM · 1.15% expense ratio. Holdings, fees, performance and SEC filings.
C000253495 Fund Overview
NAA SMid Cap Value Fund is a US mutual fund managed by New Age Alpha Funds Trust, categorised as United States Mid Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: New Age Alpha Funds Trust
- Category: United States Mid Cap Value Equity
- Assets under management: $303.19M
- 1-year return: 19.8%
- SEC CIK: 0002013853
- SEC series ID: S000087631
- Share class ID: C000253495
C000253495 Investment Objective and Strategy
NAA SMid Cap Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by New Age Alpha Funds Trust.
Investment objective
The NAA SMid Cap Value Fund (the Fund) seeks long-term capital growth.
Principal investment strategy
Under normal circumstances, the Fund pursues its objective by investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Small- and Mid-capitalization securities that the Adviser considers having value characteristics. The Fund defines: ? value as investments that appear to be undervalued relative to assets, earnings, growth potential or cash flows. ? mid-capitalization as those companies with market capitalizations generally within the range of the S&P MidCap 400 Index. The capitalization range of the S&P MidCap 400 Index is between $502 million and $33 billion as of December 31, 2025. ? small-capitalization as those companies with market capitalizations generally within the range of the S&P SmallCap 600 Index. The capitalization range of the S&P SmallCap 600 Index is between $310 million and $9.2 billion as of December 31, 2025.
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). Convertible securities are hybrid financial instruments that typically consist of bonds, debentures, or preferred shares that can be converted into a specified number of common and preferred shares of the issuing company, typically at the option of the security holder The Fund may also invest in various investment vehicles for portfolio management purposes, such as mutual funds and exchange-traded funds (ETFs), including cash management and liquidity management, to obtain a higher return on collateral positions and achieve greater diversification and trading efficiency than would usually be experienced by investing directly and separately in individual securities.
In selecting mutual funds and ETFs for investment, the Adviser will prioritize investments that align with and support the Funds overall strategy. In selecting investments for the Fund, the Adviser uses qualitative and quantitative analysis, and other proprietary strategies to identify securities that, in combination, are expected to contribute to exceeding the total return of the S&P 1000 Value Index by attempting to avoid the losers in the Index. The avoid the losers philosophy is fundamental to the underlying actuarial-like approach of the Adviser with respect to asset management. In its attempts to generate alpha, the Adviser does not aim to pick the winners; instead, it aims to avoid the losers. A loser is a company that, according to the Advisers investment methodology, cannot deliver revenue growth to support its stock price.
The Adviser has developed a probability-based measure to identify and avoid these stocks, called the h-factor (h-factor), which is the foundation of the Advisers investment philosophy. The h-factor measures the probability a company cannot deliver the revenue growth indicated by its stock price. In buying and selling securities for the Fund, the Adviser will apply its proprietary h-factor methodology to its security selection process. H-factor uses an algorithm rooted in actuarial risk principles to construct a portfolio with exposure to returns across sectors, styles, geographies, and asset classes. Using an actuarial-based approach, h-factor aims to identify underpriced and overpriced securities and assign them an h-factor score, which is the probability that the issuer will not deliver revenue growth to support the securities current price.
By assigning these scores, the Adviser seeks to avoid the overpriced securities and invest in the underpriced securities. The Fund will sell investments when they no longer meet the Advisers investment criteria, market conditions change, or to meet redemption requests.
C000253495 Holdings
Top 10 holdings of NAA SMid Cap Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Cardinal Health, Inc. | 1.64% |
| Alcoa Corp. | 1.54% |
| First Horizon Corp. | 1.48% |
| Oge Energy Corp. | 1.34% |
| Jones Lang Lasalle, Inc. | 1.28% |
| F.n.b. Corp. (pennsylvania) | 1.26% |
| Chord Energy Corp. | 1.23% |
| Nextpower, Inc. | 1.22% |
| Matson, Inc. | 1.21% |
| Patterson-Uti Energy, Inc. | 1.14% |
C000253495 Portfolio Allocation
Asset-class allocation of NAA SMid Cap Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.5% |
| Cash & Equivalents | 0.5% |
C000253495 Performance
Total returns for C000253495 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 11.8% |
| 1 year | 19.8% |
C000253495 Risk Information
Risk metrics for C000253495, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.7%
C000253495 Costs and Fees
C000253495 costs about $115 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.15%
- Gross expense ratio: 1.24%
- Portfolio turnover: 63%
- Brokerage commissions: 6.62 bps of average net assets (SEC N-CEN)
C000253495 Cashflows
Over the 12 months to 2026-06, NAA SMid Cap Value Fund had net outflows of $12.44M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$3.49M |
| 2026-05 | −$3.97M |
| 2026-04 | −$4.13M |
| 2026-03 | −$4.41M |
| 2026-02 | −$3.51M |
| 2026-01 | −$4.23M |
C000253495 Debt Constituents
No individual debt constituents are reported in NAA SMid Cap Value Fund's latest SEC N-PORT filing.
C000253495 Prospectus and SEC Filings
Official NAA SMid Cap Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Mid Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.