NAA SMid Cap Value Fund Class C (SEVSX)

Overview

The described fund is an investment vehicle that aims to fulfill its investment objective by primarily allocating its resources into a broad range of equity securities. These securities include but are not limited to common stocks, rights, options, warrants, convertible debt securities, and American Depositary Receipts (ADRs). The fund's strategy involves committing at least 80% of its total assets, which is the sum of net assets and any borrowed funds used for investment purposes, into its diversified equity portfolio. The selection criterion for including equities in the portfolio typically focuses on those whose market capitalizations fall within the range of companies listed on the Russell 2500® Value Index. This indicates a preference for investing in mid- to small-cap value stocks, aiming to capture the growth potential of these companies while adhering to a value investing framework.

Products and Services

• Common Stocks

  Ownership stakes in publicly traded companies, offering the potential for capital appreciation and dividends. Common stocks are a fundamental component of the fund's equity portfolio, providing the primary vehicle through which the fund seeks to achieve its investment objective.

• Rights, Options, and Warrants

  Derivative securities that give the holder the right, but not the obligation, to buy or sell a stock at a predetermined price within a specific time frame. These financial instruments are utilized by the fund to potentially enhance returns or hedge against market downturns.

• Convertible Debt Securities

  Bonds or other types of debt that can be converted into a predetermined number of common stock or equity shares. These securities blend the features of debt and equity, providing the fund with an opportunity to participate in the equity upside while mitigating investment risk with regular interest payments.

• American Depositary Receipts (ADRs)

  Certificates issued by U.S. banks that represent shares in foreign companies, enabling the fund to invest in non-U.S. equities while reducing the complications and risks associated with direct investments in foreign markets. ADRs expand the fund's investment universe and offer exposure to global growth opportunities.