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Long / Short Opportunity Fund

SNOIX - I SHARES | SNOAX - A SHARES | SNOCX - C SHARES | SNORX - R6 SHARES

Overview

AT A GLANCE
  • $98.48 M

    Portfolio Assets 12-1-2021

  • $34.15 NAV 12-1-2021
  • 1.62%

    Gross Expenses1

  • 1.62%*

    Net Expenses1

  • 470258518

    CUSIP

  • 4-28-06

    Inception Date

*The Fund’s investment adviser has contractually agreed to reduce its fees and/or absorb expenses for I Shares to ensure that net annual operating expenses will not exceed 1.30%, subject to possible recoupment from the Fund in future years.

Overall Morningstar rating as of September 30, 2021. Based on risk-adjusted returns. Category: Long-Short Equity out of 179 funds.2

Award Winning

Winner for Best Liquid Alternative Fund

2021 Hedgeweek Awards4

The need for an equity hedge has increased

Better to protect against a stock-market decline when equity valuations are at record levels than when prices are relatively modest.

Source: Morningstar3

FUND OBJECTIVE

The Fund’s investment objective is long-term capital appreciation and protection of investment principal.

FUND STRATEGY

The Easterly Snow Long/Short Opportunity Fund is an all-capitalization, contrarian value, liquid alternatives fund that uses a variety of hedging strategies to lower the overall volatility of the Fund’s investment portfolio.

The Fund employs a fundamental value philosophy and a disciplined bottom-up investment process to select long equity positions. Thorough reviews are conducted on each company to ensure they are in line with our investment thesis and upside potential return target. The portfolio consists of our highest conviction ideas as core holdings, while the Fund simultaneously utilizes various hedging strategies. The Fund is managed with a conviction-weighted long portfolio and an opportunistic, research-driven process for our short positioning with the goal of smoothing volatility of investment returns for our shareholders.