Easterly Snow Long/Short Opportunity Fund Class A (SNOAX)

Overview

The fund is an investment vehicle that focuses on equity securities. This encompasses a broad range of investment options including common and preferred stocks, along with convertible securities. It also invests in other investment companies and exchange-traded funds (ETFs) that hold equity securities. The fund is designed to be versatile, investing in companies of any size, and is not limited to domestic securities. Up to 25% of its net assets can be allocated towards foreign securities, providing a blend of domestic and international exposure. This strategy aims to offer investors diversified investment opportunities.

Products and Services

• Equity Securities:

  The fund mainly focuses on equity securities which include common and preferred stocks. This allows investors to gain ownership in a corporation, typically coming with voting rights and a share in the company's profits through dividends.

• Convertible Securities:

  These are fixed-income securities like bonds or preferred shares that can be converted into a predetermined number of common shares, usually at the discretion of the bondholder. This provides an opportunity for investors to benefit from the potential upside of the company's equity.

• Investment in Other Funds:

  Part of its portfolio includes investments in shares of other investment companies and ETFs that invest in equity securities. This allows for a broad exposure to a variety of stocks and sectors, spreading out risk and tapping into the expertise of other fund managers.

• Domestic and Foreign Securities:

  While predominantly investing in domestic securities, the fund reserves the capacity to allocate up to 25% of its net assets in foreign securities. This diversification strategy broadens the investment horizon, including exposure to international markets and companies, potentially enhancing returns while mitigating risks associated with the US market.