Fund Evaluator:

NAA Large Core C Overview

NAA Large Core C (SFECX) is an actively managed U.S. Equity Large Blend fund. New Age Alpha Advisors LLC launched the fund in 1999.

The investment seeks long-term capital growth. Under normal circumstances, the fund pursues its objective by investing at least 80% of its assets in large-capitalization securities that the Adviser considers having “core” characteristics. The fund manager defines “core” as investments that typically represent a balance between value and growth investing. The fund will primarily invest in equity securities, including common stocks, REITs, options, warrants, convertible debt securities of U.S. and U.S. dollar-denominated foreign issuers, and American Depositary Receipts (“ADRs”).

About NAA Large Core C (SFECX)

There are 6 members of the management team with an average tenure of 1.81 years: Julian Koski (2024), Armen Arus (2024), Gennadiy Khayutin (2025), Burak Hurmeydan (2024), Konstantin Tourevski (2024), Hugo Chang (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. NAA Large Core C has 143 securities in its portfolio. The top 10 holdings constitute 38.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

NAA Large Core C is part of the Equity global asset class and is within the U.S. Equity fund group. NAA Large Core C has 0.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.8%. There is 0.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). NAA Large Core C has 0.5% of the portfolio in cash.

Assets Under Management

The fund has $531 million in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

SFECX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The NAA Large Core C expense ratio is high compared to funds in the Large Blend category. NAA Large Core C has an expense ratio of 2.00%, which is 146% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. NAA Large Core C has a portfolio turnover rate of 141%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of August 2026, NAA Large Core C returned 3.2%, which earned it a grade of A, as the Large Blend category had an average return of 2.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

NAA Large Core C has a trailing yield of 0.00%, which is below the 0.55% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

NAA Large Core C Grades

Year to date, the fund has returned 13.7%, 2.1 percentage points better than the category, which translates into a grade of B. The fund has returned 21.3% over the past year (grade of A), 20.1% over the past three years (grade of C) and 11.0% per year over the past five years (grade of C) and 13.4% per year over the past 10 years (grade of D).

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