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Small Cap Value Fund

SNWIX - I SHARES | SNWAX - A SHARES | SNWCX - C SHARES | SNWRX - R6 SHARES

Overview

AT A GLANCE
  • $21.63 M

    Portfolio Assets 12-1-2021

  • $45.79 NAV 12-1-2021
  • 1.63%

    Gross Expenses1

  • 1.26%*

    Net Expenses1

  • 470258559

    CUSIP

  • 11-30-10

    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 1.25%, subject to possible recoupment from the Fund in future years.

Overall Morningstar rating as of September 30, 2021. Based on risk-adjusted returns. Category: Small Value out of 405 funds.2

Protect against inflation

Owning undervalued equities may be one of the best ways to protect portfolios against inflation.

– GMO, September 20214

30% higher cash flow yield

Value stocks offer a 30% higher free cash flow yield at half the forward price/earnings ratio of growth stocks.

Russell 3000 Value vs. Russell 3000 Growth, November 2, 20215

FUND OBJECTIVE

The investment objective of the Fund is long-term capital appreciation.

FUND STRATEGY

The Easterly Snow Small Cap Value Fund provides exposure to the smaller capitalization segment of the value equity market through a fundamental, contrarian, bottom-up investment process.

The Fund employs a fundamental value philosophy and a disciplined bottom-up investment process to select equity positions. Thorough reviews are conducted on each company to ensure they are in line with our investment thesis and upside target potential return. Consideration in constructing a well-diversified portfolio includes: new positions added in tranches as the investment thesis is confirmed and a 5% limitation on a single position size. The portfolio is diversified by sector without limitations to weightings and exhibits a risk factor and average weighted market capitalization profile in line with the benchmark. The strategy has consistently demonstrated high active share versus the Russell 2000 Value index3.