Easterly Snow Small Cap Value Fund
Data updated: 2026-07-20
C000230316 — Easterly Snow Small Cap Value Fund. United States Small Cap Value Equity · $46.94M AUM. Holdings, fees, performance and SEC filings.
C000230316 Fund Overview
Easterly Snow Small Cap Value Fund is a US mutual fund managed by James Alpha Funds Trust, categorised as United States Small Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: James Alpha Funds Trust
- Category: United States Small Cap Value Equity
- Assets under management: $46.94M
- 1-year return: 46.6%
- SEC CIK: 0001829774
- SEC series ID: S000073425
- Share class ID: C000230316
C000230316 Investment Objective and Strategy
Easterly Snow Small Cap Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by James Alpha Funds Trust.
Investment objective
The investment objective of the Easterly Snow Small Cap Value Fund (the ?Small Cap Value Fund? or the ?Fund?) is long-term capital appreciation.
Principal investment strategy
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?). The market capitalization range of the Russell 2000 Value Index is measured as of the index?s most recent annual reconstitution. 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.
C000230316 Holdings
Top 10 holdings of Easterly Snow Small Cap Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Cleveland-Cliffs, Inc. | 4.91% |
| Progyny, Inc. | 4.55% |
| Hudbay Minerals, Inc. | 4.51% |
| Diodes, Inc. | 4.05% |
| Commercial Metals Company | 3.98% |
| Zions Bancorp Na | 3.82% |
| Stride, Inc. | 3.55% |
| Visteon Corp. | 3.38% |
| Jackson Financial, Inc. | 3.32% |
| Columbia Banking System, Inc. | 3.29% |
C000230316 Portfolio Allocation
Asset-class allocation of Easterly Snow Small Cap Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.8% |
| Cash & Equivalents | 2.0% |
C000230316 Performance
Total returns for C000230316 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 10.0% |
| 1 year | 46.6% |
| 3 years (annualised) | 23.5% |
C000230316 Risk Information
Risk metrics for C000230316, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 17.9%
C000230316 Costs and Fees
C000230316 costs about $95 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.95%
- Gross expense ratio: 1.71%
- Portfolio turnover: 20%
- Brokerage commissions: 1.40 bps of average net assets (SEC N-CEN)
C000230316 Cashflows
Over the 12 months to 2026-05, Easterly Snow Small Cap Value Fund had net inflows of $9.11M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$736.23K |
| 2026-04 | $581.90K |
| 2026-03 | $925.36K |
| 2026-02 | −$5.57M |
| 2026-01 | $11.71M |
| 2025-12 | $1.85M |
C000230316 Debt Constituents
No individual debt constituents are reported in Easterly Snow Small Cap Value Fund's latest SEC N-PORT filing.
C000230316 Prospectus and SEC Filings
Official Easterly Snow Small Cap Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-12-29
- Prospectus (485BPOS) — filed 2025-06-27
- Prospectus supplement (497) — filed 2024-10-31
- Portfolio holdings (N-PORT) — filed 2026-07-20
- Portfolio holdings (N-PORT) — filed 2026-04-28
- Portfolio holdings (N-PORT) — filed 2026-01-29
- Annual census (N-CEN) — filed 2025-11-14
- Annual census (N-CEN) — filed 2025-05-13
Related Funds
Other United States Small Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.