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Trending ETFs

Name

As of 08/12/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Easterly EHS Fund

JEHIX | Fund

$9.65

$1.15 M

0.82%

$0.08

2.05%

Vitals

YTD Return

-14.8%

1 yr return

-11.2%

3 Yr Avg Return

7.5%

5 Yr Avg Return

N/A

Net Assets

$1.15 M

Holdings in Top 10

49.4%

52 WEEK LOW AND HIGH

$9.7
$9.31
$11.63

Expenses

OPERATING FEES

Expense Ratio 2.05%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 400.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 08/12/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Easterly EHS Fund

JEHIX | Fund

$9.65

$1.15 M

0.82%

$0.08

2.05%

JEHIX - Profile

Distributions

  • YTD Total Return -14.8%
  • 3 Yr Annualized Total Return 7.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.72%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Easterly EHS Fund
  • Fund Family Name
    Saratoga
  • Inception Date
    Aug 18, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Akos Beleznay

Fund Description

The Fund seeks to achieve its investment objective by attempting to outperform the returns of a variety of hedged equity investment strategies. A hedged equity investment strategy typically involves establishing both long and short positions in equity or equity-linked instruments. A hedged equity strategy also may seek to manage risk by adopting “top-down” constraints on leverage, limits on net market exposure, net regional exposure and net sector exposure, position size limits, position stop-loss limits and parameters relating to the number of its positions. The Fund will seek to outperform the returns of various hedged equity investment strategies, such as, among others, equity market neutral, fundamental growth, fundamental value, quantitative directional strategies, short bias, and sectors such as energy, materials, technology, and healthcare.

The Fund expects to gain exposure to these asset classes primarily through exchange-traded products such as exchange-traded notes (“ETNs”), exchange-traded funds (“ETFs”) and mutual funds, including affiliated funds, although the Fund may invest directly in currencies, equities and fixed income securities. The Fund also expects to invest in derivative instruments to gain exposure to one or more asset classes, individual investments or investment strategies. The derivatives instruments that may be utilized by the Fund include options, futures, options on futures, forward contracts and swaps. Derivatives may also be used to generate leverage, seek to profit from the underlying asset’s price fluctuations, or hedge the Fund’s exposure to an asset class, individual investment or group of investments.

The Fund’s equity exposure may include exposure to both U.S. and non-U.S. common stocks and preferred stocks of any size market capitalization. The types of swaps in which the Fund may invest include, among others, total return, index and credit default swaps. The Fund may also invest in swaps having payments linked to the returns of indices, individual securities or pooled investment vehicles, including limited partnerships, limited liability companies, offshore corporations and commodity pools (collectively, “Underlying Pools”). There is no limit on the Fund’s exposure to foreign companies, which may include exposure to emerging markets.

In constructing the Fund’s investments, the Adviser employs proprietary techniques and models to evaluate the drivers of performance of private funds that utilize hedged equity strategies. The Adviser then identifies investments that it believes have similar drivers of performance to attempt to produce returns that correlate with, but are not identical to, the returns of the private funds tracked by the Adviser. The Adviser then determines the appropriate percentage that each particular investment strategy should represent of the entire Fund and weights the exposure to that investment strategy accordingly. The private fund returns on which the Adviser’s models are based are pulled from various sources and do not represent the returns of the entire private fund universe. The private fund returns tracked by the Adviser, the factors driving those returns and the percentage weightings assigned by the Adviser to each investment strategy are all expected to change over time.

Under normal market conditions, the Fund generally invests in a combination of over 75 individual investments, including primarily exchange-traded products and mutual funds.

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JEHIX - Performance

Return Ranking - Trailing

Period JEHIX Return Category Return Low Category Return High Rank in Category (%)
YTD -14.8% -45.3% 36.8% 88.83%
1 Yr -11.2% -52.8% 58.9% 81.12%
3 Yr 7.5%* -9.6% 42.9% 47.83%
5 Yr N/A* -5.2% 11.6% N/A
10 Yr N/A* -4.4% 11.5% N/A

* Annualized

Return Ranking - Calendar

Period JEHIX Return Category Return Low Category Return High Rank in Category (%)
2023 -8.9% -40.0% 54.1% 87.83%
2022 19.6% -47.6% 88.4% 18.78%
2021 11.6% -20.3% 62.6% 37.79%
2020 -12.3% -53.1% 12.7% 73.94%
2019 N/A -67.1% 21.9% N/A

Total Return Ranking - Trailing

Period JEHIX Return Category Return Low Category Return High Rank in Category (%)
YTD -14.8% -45.3% 36.8% 84.26%
1 Yr -11.2% -52.8% 58.9% 78.06%
3 Yr 7.5%* -9.6% 42.9% 44.02%
5 Yr N/A* -5.7% 11.6% N/A
10 Yr N/A* -4.4% 11.5% N/A

* Annualized

Total Return Ranking - Calendar

Period JEHIX Return Category Return Low Category Return High Rank in Category (%)
2023 -8.9% -40.0% 54.1% 87.83%
2022 19.6% -47.6% 88.4% 18.78%
2021 11.6% -20.3% 62.6% 37.79%
2020 -7.2% -53.1% 12.7% 48.48%
2019 N/A -12.7% 24.8% N/A

NAV & Total Return History


JEHIX - Holdings

Concentration Analysis

JEHIX Category Low Category High JEHIX % Rank
Net Assets 1.15 M 818 K 5.18 B 99.02%
Number of Holdings 111 3 2670 40.31%
Net Assets in Top 10 585 K -175 M 1.1 B 89.29%
Weighting of Top 10 49.38% 1.5% 100.0% 34.94%

Top 10 Holdings

  1. Easterly Income Opportunities R6 20.43%
  2. Recv Spw Index Swap B 6.17%
  3. Recv Spw Index Swap B 6.17%
  4. Recv Spw Index Swap B 6.17%
  5. Recv Spw Index Swap B 6.17%
  6. Recv Spw Index Swap B 6.17%
  7. Recv Spw Index Swap B 6.17%
  8. Recv Spw Index Swap B 6.17%
  9. Recv Spw Index Swap B 6.17%
  10. Recv Spw Index Swap B 6.17%

Asset Allocation

Weighting Return Low Return High JEHIX % Rank
Stocks
67.94% -2.90% 119.13% 43.65%
Bonds
17.48% -48.31% 152.17% 8.12%
Cash
11.21% -67.46% 106.99% 74.36%
Convertible Bonds
1.77% -0.02% 4.68% 4.62%
Other
1.01% -35.22% 39.56% 20.51%
Preferred Stocks
0.61% 0.00% 7.60% 4.62%

Stock Sector Breakdown

Weighting Return Low Return High JEHIX % Rank
Financial Services
17.40% 0.00% 83.83% 36.36%
Healthcare
15.04% 0.00% 100.00% 47.16%
Technology
12.84% 0.00% 43.24% 80.68%
Consumer Cyclical
10.85% 0.00% 88.83% 46.02%
Industrials
10.32% 0.00% 31.93% 52.27%
Energy
7.08% 0.00% 32.57% 27.27%
Communication Services
6.57% 0.00% 32.32% 56.82%
Basic Materials
5.83% 0.00% 28.58% 17.05%
Consumer Defense
5.49% 0.00% 33.38% 63.64%
Real Estate
5.38% 0.00% 10.93% 17.05%
Utilities
3.20% 0.00% 21.71% 19.89%

Stock Geographic Breakdown

Weighting Return Low Return High JEHIX % Rank
US
44.01% -24.26% 116.70% 62.56%
Non US
23.93% -43.01% 97.78% 11.79%

Bond Sector Breakdown

Weighting Return Low Return High JEHIX % Rank
Securitized
33.71% 0.00% 33.71% 0.52%
Cash & Equivalents
31.84% 0.00% 100.00% 93.23%
Derivative
17.45% 0.00% 52.12% 7.29%
Corporate
13.46% 0.00% 100.00% 8.85%
Government
3.54% 0.00% 88.51% 19.27%
Municipal
0.00% 0.00% 0.01% 15.63%

Bond Geographic Breakdown

Weighting Return Low Return High JEHIX % Rank
US
16.07% -48.31% 63.44% 7.69%
Non US
1.41% -0.33% 22.00% 6.15%

JEHIX - Expenses

Operational Fees

JEHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.05% 0.40% 11.46% 43.41%
Management Fee 1.00% 0.00% 2.50% 32.68%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.03% 1.54% 52.00%

Sales Fees

JEHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

JEHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 20.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

JEHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 400.00% 0.00% 479.00% 96.05%

JEHIX - Distributions

Dividend Yield Analysis

JEHIX Category Low Category High JEHIX % Rank
Dividend Yield 0.82% 0.00% 18.51% 12.68%

Dividend Distribution Analysis

JEHIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

JEHIX Category Low Category High JEHIX % Rank
Net Income Ratio -0.72% -3.33% 2.88% 48.76%

Capital Gain Distribution Analysis

JEHIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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JEHIX - Fund Manager Analysis

Managers

Akos Beleznay


Start Date

Tenure

Tenure Rank

Aug 18, 2017

4.79

4.8%

Akos Beleznay serves as Chief Investment Officer of James Alpha Advisors, LLC and is responsible for managing research and asset allocation for the firm. Prior to joining James Alpha Advisors, LLC, Mr. Beleznay was the Chief Investment Officer at Riverside, the asset management arm of HFR (Hedge Fund Research, Inc.) managing over one billion dollars of fund of hedge fund products. Before Riverside, Mr. Beleznay served as the Chief Investment Officer at Commerce Asset Management and CSG Asset Management with responsibility for managing funds of hedge funds and a hedge fund index replication product. Mr. Beleznay also served as the Director of Consulting Research for Equitas Capital Advisors, LLC from 2002 to 2010 and the Chief Investment Officer of Equitas Evergreen Fund LP, a fund of hedge funds with $300 million in assets, from 2003 to 2010. Mr. Beleznay has a PhD degree in Physics from Eotvos Lorand University, Hungary and an MBA from Tulane University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 23.55 5.98 7.93