Easterly Hedged Equity Fund (JDAEX)
| Fund Assets | 331.54M |
| Expense Ratio | 1.66% |
| Min. Investment | $2,500 |
| Turnover | 28.00% |
| Dividend (ttm) | 0.03 |
| Dividend Yield | 0.18% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 14.31 |
| YTD Return | 8.99% |
| 1-Year Return | 13.57% |
| 5-Year Return | 61.62% |
| 52-Week Low | 12.00 |
| 52-Week High | 14.31 |
| Beta (5Y) | 0.39 |
| Holdings | 18 |
| 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.
Performance
JDAEX had a total return of 13.57% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.01%.
Top 10 Holdings
136.36% of assets| Name | Symbol | Weight |
|---|---|---|
| SPDR® S&P 500® ETF | n/a | 89.94% |
| Spy Bullet Swap G | n/a | 16.58% |
| Recv Spy Bullet Swap I | n/a | 6.03% |
| Recv Spy Bullet Swap L | n/a | 5.02% |
| Us Dollar Collateral | n/a | 4.80% |
| Recv Spy Bullet Swap M | n/a | 4.02% |
| Spy Bullet Swap J | n/a | 3.01% |
| Bbh Money Market Sweep | n/a | 2.94% |
| Recv Spy Bullet Swap K | n/a | 2.01% |
| Recv Spy Bullet Swap H | n/a | 2.01% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 7, 2023 | $0.0261 | Dec 8, 2023 |
| Dec 8, 2022 | $0.2445 | Dec 9, 2022 |
| Dec 9, 2021 | $1.0956 | Dec 10, 2021 |
| Dec 24, 2020 | $0.7438 | Dec 24, 2020 |
| Jul 22, 2020 | $0.0547 | Jul 22, 2020 |
| Dec 24, 2019 | $0.2085 | Dec 24, 2019 |