RMHVX — Easterly RocMuni High Income Municipal Bond Fund
Data updated: 2026-07-20
RMHVX — Easterly RocMuni High Income Municipal Bond Fund. Alternative · $8.66M AUM · 1.42% expense ratio. Holdings, fees, performance and SEC filings.
RMHVX Fund Overview
RMHVX — Easterly RocMuni High Income Municipal Bond Fund is a US mutual fund managed by James Alpha Funds Trust, categorised as Alternative. 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: Alternative
- Assets under management: $8.66M
- 1-year return: -66.3%
- Ticker: RMHVX
- SEC CIK: 0001829774
- SEC series ID: S000084511
- Share class ID: C000248908
RMHVX Investment Objective and Strategy
Easterly RocMuni High Income Municipal Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by James Alpha Funds Trust.
Investment objective
The Easterly ROCMuni High Income Municipal Bond Funds (the High Income Fund or Fund) primary investment objective is to provide current income exempt from regular federal income tax.
Principal investment strategy
Under normal market conditions, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in tax exempt debt securities. The Fund expects to invest the majority of its assets in debt securities that are rated below investment grade (or junk bonds), including unrated securities, but may invest up to 40% of its total assets in investment grade debt securities. The Fund may invest without limit in municipal securities issued by or on behalf of states and local governmental authorities throughout the United States and its territories. Municipal securities include, among others, private activity bonds and industrial development bonds, as well as general obligation notes, tax anticipation notes, bond anticipation notes, revenue anticipation notes, other short-term tax-exempt obligations, municipal leases, obligations of municipal housing authorities, zero coupon bonds and single-family revenue bonds.
The Fund may invest in all types of municipal bonds that are exempt from federal income tax, but not necessarily the federal alternative minimum tax (the AMT). The Advisers security selection process focuses primarily on project revenue bonds in five broad sectors: healthcare; education; housing; transportation; and power, but may also include debt of distressed municipalities. The Fund may employ effective leverage through investment in municipal securities whose interest payments vary inversely with changes in short-term tax-exempt interest rates ( Inverse Floaters). Inverse Floaters provide leveraged exposure to underlying municipal bonds. These investments are speculative, however, and also create the possibility that income and returns will be diminished. The Fund may also invest in defaulted municipal bonds, debt securities issued in accordance with Rule 144A (Rule 144A Securities) under the Securities Act of 1933, as amended (the Securities Act), restricted securities and illiquid securities.
The Funds investments in debt securities may have fixed or variable principal payments. The Funds investments may have varied interest rate payment and reset terms, including fixed and floating rates, inverse floating rate, contingent, deferred, payment in kind and auction rate features. The Fund will typically not invest more than 5% of its assets, at the time of investment, in the securities of any one obligor. From time to time, the Fund may focus its investments in the securities of issuers in the same economic sector. The Fund may invest in debt securities with any maturity or duration. In selecting securities for the Fund, the Adviser employs a top-down/bottom-up research approach with an emphasis on analyzing the stand-alone credit, including financials, bond covenants, management team, and underlying asset value.
The Adviser believes that the below investment grade universe represents some of the best value in the fixed income markets. Additionally, the Fund may utilize leverage ( i.e. , borrow against a line of credit) as part of the portfolio management process. The Fund may borrow up to one third of the value of its assets for investment purposes.
RMHVX Holdings
Top 2 holdings of Easterly RocMuni High Income Municipal Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Convivial Corporate Funding 2022 III LLC | 58.00% |
| Bbh | 35.82% |
RMHVX Portfolio Allocation
Asset-class allocation of Easterly RocMuni High Income Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 58.0% |
| Cash & Equivalents | 35.8% |
RMHVX Performance
Total returns for RMHVX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -0.5% |
| 1 year | -66.3% |
RMHVX Risk Information
Risk metrics for RMHVX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 58.2%
RMHVX Costs and Fees
RMHVX costs about $142 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.42%
- Gross expense ratio: 1.60%
- Portfolio turnover: 19%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
RMHVX Cashflows
Over the 12 months to 2026-05, Easterly RocMuni High Income Municipal Bond Fund had net outflows of $87.10M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$80.00K |
| 2026-04 | −$8.47K |
| 2026-03 | −$75.77K |
| 2026-02 | $0 |
| 2026-01 | $0 |
| 2025-12 | −$793.97K |
RMHVX Debt Constituents
Largest debt holdings of Easterly RocMuni High Income Municipal Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Convivial Corporate Funding 2022 III LLC | 58.00% |
RMHVX Prospectus and SEC Filings
Official Easterly RocMuni High Income Municipal Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-03-09
- Prospectus (485BPOS) — filed 2024-10-04
- Prospectus supplement (497) — filed 2025-01-03
- 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
Related Funds
Other Alternative 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.