Easterly Hedged Equity A (JDAEX)

Fund Assets	696.84M
Expense Ratio	1.699%
Min. Investment	$2,500
Turnover	38.00%
Dividend (ttm)	n/a
Dividend Yield	n/a
Dividend Growth	n/a
Payout Frequency	n/a
Ex-Dividend Date	n/a

Previous Close	15.70
YTD Return	7.09%
1-Year Return	7.02%
5-Year Return	56.19%
52-Week Low	14.32
52-Week High	16.06
Beta (5Y)	0.44
Holdings	19
Inception Date	Jul 31, 2015

About JDAEX

Easterly Hedged Equity Fund Class A is a mutual fund designed to offer both capital appreciation and capital preservation, primarily through investments in U.S. equities. The fund distinguishes itself by employing options-based hedging strategies, such as option writing, spreads, and collar strategies, which are commonly used to reduce downside risk and provide a more stable return profile in volatile markets. Its portfolio is heavily allocated to broad market exposures—most notably, it invests a significant proportion of its assets in funds that track the S&P 500, such as the SPDR S&P 500 ETF, and supplements these with structured derivatives like swaps and index options. The goal of this approach is to seek returns tied to the equity markets while buffering against sharp declines, making it relevant for investors seeking equity market participation with moderated risk. The fund fits within the "Equity Hedged" category and is notable for its concentrated holdings, with the top positions comprising a substantial share of the portfolio.

• Fund Family: Easterly Funds
• Category: Options Trading
• Performance Rating: Above Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: JDAEX
• Share Class: Class A
• Index: S&P 500 TR

Performance

JDAEX had a total return of 7.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.16%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
JDSEX	Class R6	1.14%
JDIEX	Class I	1.40%
JDCEX	Class C	2.40%

Top 10 Holdings

98.15% of assets

Name	Symbol	Weight
State Street® SPDR® S&P 500® ETF	n/a	67.78%
Spy Bullet Swap J	n/a	8.76%
Recv Spy Bullet Swap N	n/a	6.88%
Recv Spy Bullet Swap O	n/a	3.34%
Us Dollar Collateral	n/a	3.04%
Recv Spy Bullet Swap L	n/a	2.09%
Recv Spy Bullet Swap S	n/a	1.67%
Recv Spy Bullet Swap R	n/a	1.67%
Recv Spy Bullet Swap M	n/a	1.67%
Recv Spy Bullet Swap Q	n/a	1.25%

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Nov 4, 2026

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