New Age Alpha Funds Trust has announced significant changes regarding its NAA Allocation Fund, which will be reorganized into an exchange-traded fund (ETF) by December 4, 2026. This decision is part of a broader trend in the investment industry, as many firms are shifting towards ETFs to meet evolving investor preferences.

The filing, dated October 30, 2026, indicates that the Fund will undergo a Share Class Consolidation before the reorganization. This consolidation will close the existing Class A, Class C, and Class P shares, merging them into Institutional Class shares. This strategic move aims to simplify the investment structure and enhance accessibility for investors.

Background

New Age Alpha Funds Trust, incorporated in Delaware, operates in the investment sector. The firm has been active in filing various documents with the SEC, including a recent series of filings leading up to this significant announcement. The Fund's address is 555 Theodore Fremd Avenue, Suite A-101, Rye, NY, and it can be reached at (212) 922-2699.

What the Filing Says

The recent filing outlines that effective immediately, Class A, Class C, and Class P shares of the Fund are closed to new investors. The Share Class Consolidation is expected to occur after the close of business on or about November 20, 2026. Each shareholder will receive Institutional Class shares equivalent in value to their previous holdings.

The Board approved the Share Class Consolidation by written consent on October 14, 2026.

Furthermore, the Fund will cease all investments and redemptions after December 3, 2026, just before the scheduled reorganization into an ETF.

Impact

This transition may have a significant impact on current shareholders, as they will need to adjust to the new share structure and the implications of the Fund becoming an ETF. Shareholders holding Class A, Class C, or Class P shares will need to consider their options for redeeming or exchanging their shares before the consolidation.

What's Next

The filing does not say what happens next, but it mentions that a prospectus/information statement will be filed with the SEC in connection with the reorganization. Shareholders are encouraged to review these materials when available to understand the full implications of the changes.