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Structured Credit Value Fund

JSVIX - I SHARES | JASVX - A SHARES | JSVCX - C SHARES | JASSX - R6 SHARES

Overview

AT A GLANCE
  • $294.17 M

    Portfolio Assets 10-15-2021

  • $11.06 NAV 10-15-2021
  • 1.58%

    Gross Expenses1

  • 1.53%*

    Net Expenses1

  • 470258773

    CUSIP

  • 8-21-2018

    Inception Date

*The Fund’s investment adviser has contractually agreed to reduce its fees and/or absorb expenses until at least March 19, 2023 for I Shares to ensure that net annual operating expenses will not exceed 1.48%, subject to possible recoupment from the Fund in future years.

Morningstar Quantitative Rating as of June 30, 2021.

8.3%

That’s the average annual return of the 10-year bond for the past 36 years. Yes, bonds! 2

What happens when the party ends?

Time to Harvest

An economic slowdown or a recession. Rising interest rates.

You know what will happen to HY bonds. We believe it is time to harvest . . . and diversify.

“When we hit the impending global recession, ordinary people will end up losing their jobs as leveraged companies with weak ratings try to keep up with debt payment, but eventually there will be many defaults.”

– Forbes, Aug. 2019 3

OUR SOLUTION

The Easterly Structured Credit Value Fund is singularly focused on seeking to provide competitive yields to the HY market but with significantly lower volatility and risk. The goal is to provide consistent positive absolute returns in all market scenarios. We aim to achieve that by concentrating on finding opportunities in quality Residential Mortgage-Back Securities (RMBS) which are generally not subject to corporate credit risk.

Strategies incorporating structured credit may help improve investor’s fixed income allocations. Here are few reasons why:

  1. Legacy mortgage sectors may provide attractive risk adjusted returns in the fixed income markets
  2. Market inefficiencies may offer the opportunity for potential excess returns through active security selection
  3. Structured Credit sectors may offer some of the highest ratios of yield-to-duration in the fixed income universe under current market conditions

WHICH TYPE OF CLIENT IS THIS FUND SUITABLE FOR?

When considering the Easterly Structured Credit Value Fund, it may be most appropriate for investors seeking:

  • Yields competitive to High-Yield funds, but with lower volatility
  • High level of risk adjusted current income
  • Capital appreciation
  • Capital preservation

FUND OBJECTIVE

The Fund seeks to provide a high level of risk-adjusted current income and capital appreciation. Capital preservation is a secondary objective.