Long / Short Opportunity FundSNOIX - I SHARES | SNOAX - A SHARES | SNOCX - C SHARES | SNORX - R6 SHARES
- $106.05 M
Portfolio Assets 1-18-2022
- $106.05 M
- $34.27 NAV 1-18-2022
*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 December 31, 2021. Based on risk-adjusted returns. Category: Long-Short Equity out of 179 funds.2
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.
The Fund’s investment objective is long-term capital appreciation and protection of investment principal.
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.