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Trending ETFs

Name

As of 03/26/2024

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

$57.86

$21.5 M

0.04%

$0.02

2.45%

Vitals

YTD Return

8.0%

1 yr return

34.9%

3 Yr Avg Return

7.0%

5 Yr Avg Return

13.7%

Net Assets

$21.5 M

Holdings in Top 10

40.2%

52 WEEK LOW AND HIGH

$57.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.45%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee 0.50%


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

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

$57.86

$21.5 M

0.04%

$0.02

2.45%

SNWAX - Profile

Distributions

  • YTD Total Return 8.0%
  • 3 Yr Annualized Total Return 7.0%
  • 5 Yr Annualized Total Return 13.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.30%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Easterly Snow Small Cap Value Fund
  • Fund Family Name
    Easterly Funds
  • Inception Date
    Nov 30, 2010
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Joshua Schachter

Fund Description

To achieve its investment objective, under normal market conditions the Small Cap Value Fund will invest at least 80% of its net assets, at cost, in equity securities of companies with market capitalizations in the range of the Russell 2000 Value® Index (“small-cap companies”). As of February 28, 2023, the market capitalization range of companies in the Russell 2000 Value® Index was between $11.4 million and $6.67 billion. The Fund’s investments in equity securities may include common and preferred stocks, convertible securities, and shares of other investment companies and exchange-traded funds (“ETFs”) that invest in equity securities of small-cap companies.

In addition to equity securities, the Fund may also invest up to 15% of its net assets in U.S. Government or U.S. agency obligations. The Fund may have up to 25% of its net assets invested directly or indirectly in foreign securities, including investments in emerging markets.

Easterly Investment Partners LLC (“Easterly” or the “Adviser”), the Fund’s investment adviser, selects equity securities for the Fund using a bottom-up approach that seeks to identify small-cap companies that the Adviser believes are undervalued and are likely to experience a rebound in earnings due to an event or series of events that creates a price to earnings expansion that leads to higher stock price valuations. The Fund’s portfolio typically consists of 40 to 60 equity securities that are weighted according to the Adviser’s projected return expectations. The Adviser’s disciplined investment process seeks to yield a portfolio that is amply diversified across a wide spectrum of economic classifications and sectors. In general, the Adviser may sell an investment when it reaches its target price, when the position grows too large, when the company’s financial position or outlook deteriorates, when an anticipated business catalyst for the investment does not materialize as expected, or to make room in the Fund for a more attractive investment.

An important component of the Adviser’s investment process is an intense focus on a company’s balance sheet and cash flow statement. The Adviser’s analysis of balance sheets and cash flow statements is centered on determining whether a company can sustain itself through the problems that have caused its equity valuation to fall and subsequently brought the company’s stock to the Adviser’s attention. The Adviser generally attempts to purchase equities for the Fund’s portfolio after an event in which the company’s equity valuation has fallen and business conditions are unfavorable, if not at or near a cyclical bottom. This is done in conjunction with extensive research to confirm the Adviser’s opinion that a company can survive the near-term problems. While the Adviser’s analysis does not eliminate the occurrence of short-term equity valuation volatility, the Adviser believes that this process provides for a reasonable level of capital protection.

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SNWAX - Performance

Return Ranking - Trailing

Period SNWAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.0% -11.0% 11.8% 3.74%
1 Yr 34.9% -0.8% 43.6% 1.76%
3 Yr 7.0%* -12.8% 69.3% 16.90%
5 Yr 13.7%* -3.6% 49.5% 6.22%
10 Yr 6.9%* -3.4% 26.6% 51.11%

* Annualized

Return Ranking - Calendar

Period SNWAX Return Category Return Low Category Return High Rank in Category (%)
2023 22.2% -18.4% 33.6% 3.07%
2022 -8.4% -36.7% 212.9% 9.62%
2021 26.0% -62.0% 147.6% 32.03%
2020 21.8% -24.8% 31.3% 2.59%
2019 18.1% -30.1% 34.0% 56.05%

Total Return Ranking - Trailing

Period SNWAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.0% -11.0% 11.8% 3.74%
1 Yr 34.9% -0.8% 43.6% 1.76%
3 Yr 7.0%* -12.8% 69.3% 16.90%
5 Yr 13.7%* -3.6% 49.5% 6.22%
10 Yr 6.9%* -3.4% 26.6% 51.11%

* Annualized

Total Return Ranking - Calendar

Period SNWAX Return Category Return Low Category Return High Rank in Category (%)
2023 22.2% -15.5% 35.4% 12.94%
2022 -8.4% -36.7% 250.0% 27.29%
2021 26.0% -3.2% 157.9% 78.11%
2020 21.8% -13.5% 33.4% 2.83%
2019 18.1% -17.4% 34.3% 92.10%

NAV & Total Return History


SNWAX - Holdings

Concentration Analysis

SNWAX Category Low Category High SNWAX % Rank
Net Assets 21.5 M 2.53 M 46.3 B 91.30%
Number of Holdings 47 10 1583 88.48%
Net Assets in Top 10 8.57 M 217 K 2.97 B 88.48%
Weighting of Top 10 40.21% 0.3% 88.4% 9.80%

Top 10 Holdings

  1. CNO FINANCIAL GR 4.77%
  2. PHOTRONICS INC 4.49%
  3. PILGRIM'S PRIDE 4.40%
  4. DELEK US HOLDING 4.30%
  5. JACKSON FI-A 4.11%
  6. BLOOMIN' BRANDS 3.87%
  7. BRINKER INTL 3.61%
  8. LINCOLN NATL CRP 3.60%
  9. COLUMBIA BANKING 3.53%
  10. SILICON MOTI-ADR 3.53%

Asset Allocation

Weighting Return Low Return High SNWAX % Rank
Stocks
99.13% 0.99% 105.89% 25.65%
Cash
0.87% 0.00% 99.01% 70.00%
Preferred Stocks
0.00% 0.00% 2.62% 24.78%
Other
0.00% -1.78% 40.01% 45.65%
Convertible Bonds
0.00% 0.00% 2.63% 20.93%
Bonds
0.00% 0.00% 73.18% 23.48%

Stock Sector Breakdown

Weighting Return Low Return High SNWAX % Rank
Financial Services
35.05% 0.00% 35.71% 0.67%
Consumer Cyclical
16.96% 0.00% 51.62% 15.78%
Industrials
15.04% 0.65% 48.61% 69.78%
Technology
12.37% 0.00% 34.03% 19.11%
Communication Services
9.50% 0.00% 24.90% 2.67%
Energy
4.94% 0.00% 29.42% 75.33%
Basic Materials
4.04% 0.00% 67.30% 72.44%
Healthcare
2.10% 0.00% 25.76% 90.00%
Utilities
0.00% 0.00% 13.86% 84.44%
Real Estate
0.00% 0.00% 44.41% 94.67%
Consumer Defense
0.00% 0.00% 13.22% 96.89%

Stock Geographic Breakdown

Weighting Return Low Return High SNWAX % Rank
US
99.13% 0.96% 105.89% 19.57%
Non US
0.00% 0.00% 67.90% 44.13%

SNWAX - Expenses

Operational Fees

SNWAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.45% 0.05% 37.04% 6.30%
Management Fee 0.95% 0.00% 1.50% 84.97%
12b-1 Fee 0.25% 0.00% 1.00% 36.57%
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

SNWAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.50% 5.75% 11.29%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SNWAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 0.50% 0.50% 2.00% 94.87%

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.

SNWAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 7.00% 252.00% 81.97%

SNWAX - Distributions

Dividend Yield Analysis

SNWAX Category Low Category High SNWAX % Rank
Dividend Yield 0.04% 0.00% 14.21% 90.43%

Dividend Distribution Analysis

SNWAX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Annual

Net Income Ratio Analysis

SNWAX Category Low Category High SNWAX % Rank
Net Income Ratio -0.30% -1.43% 4.13% 87.33%

Capital Gain Distribution Analysis

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

Distributions History

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SNWAX - Fund Manager Analysis

Managers

Joshua Schachter


Start Date

Tenure

Tenure Rank

Nov 30, 2010

11.51

11.5%

Joshua R. Schachter is a Senior Portfolio Manager of the Snow Capital Small Cap Value and the All Cap Value portfolios. He joined Snow Capital at the firm's inception in 2001. Joshua's duties include security research, selection and portfolio management. Joshua is a graduate of Allegheny College where he earned a B.S. degree. He received his MBA in finance from the University of Pittsburgh. Joshua is a Chartered Financial Analyst and member of the CFA Institute.

Philip Greenblatt


Start Date

Tenure

Tenure Rank

Dec 31, 2020

1.41

1.4%

Philip J. Greenblatt, CFA, is a Portfolio Manager for the Small Cap Value Fund and is jointly responsible for the day-to-day management of the Small Cap Value Fund’s investment portfolio. Mr. Greenblatt joined Easterly as Portfolio Manager / Senior Analyst in July 2021 following the transfer of Snow Capital’s investment advisory business to the Adviser. Mr. Greenblatt joined the Adviser in 2010 in the Operations group. He worked as an Analyst and as the Firm’s Director of Operations. Mr. Greenblatt is a graduate of the University of Pittsburgh, where he earned a B.S. degree in Finance with a minor in Economics. He holds the Chartered Financial Analyst® designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 37.45 8.17 3.58