Easterly Hedged Equity Fund (JDCEX)
| Fund Assets | 348.94M |
| Expense Ratio | 2.41% |
| Min. Investment | $2,500 |
| Turnover | 28.00% |
| Dividend (ttm) | 0.03 |
| Dividend Yield | 0.20% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 13.84 |
| YTD Return | 9.07% |
| 1-Year Return | 10.29% |
| 5-Year Return | 53.11% |
| 52-Week Low | 11.57 |
| 52-Week High | 13.94 |
| Beta (5Y) | n/a |
| Holdings | 17 |
| Inception Date | Jul 31, 2015 |
About JDCEX
Easterly Hedged Equity Fund Class C is a mutual fund designed to provide exposure to U.S. large-cap equities while seeking to limit downside risk during significant market declines. The primary function of the fund is to replicate the returns of the S&P 500 Index, primarily through substantial holdings in the SPDR S&P 500 ETF, which typically accounts for the majority of its portfolio. To manage risk and protect against market downturns, the fund employs an options-based hedging strategy, including the strategic use of put spread collars and swaps. This approach aims to reduce drawdowns and volatility, making the fund suitable for investors interested in equity participation with a built-in risk mitigation component. The fund is positioned as a core holding for diversification, complementing both equity and fixed income portfolios, and is notable for its responsive strategy that adapts to changing market volatility, striving to harvest option premiums during periods of market uncertainty. With inception dating back to 2015, the fund targets those seeking a blend of market participation and defensive features in a single investment vehicle.
Performance
JDCEX had a total return of 10.29% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.97%.
Top 10 Holdings
134.66% of assets| Name | Symbol | Weight |
|---|---|---|
| SPDR® S&P 500® ETF | n/a | 89.01% |
| Spy Bullet Swap G | n/a | 16.05% |
| Recv Spy Bullet Swap I | n/a | 5.84% |
| Recv Spy Bullet Swap L | n/a | 4.86% |
| Us Dollar Collateral | n/a | 4.60% |
| Recv Spy Bullet Swap M | n/a | 3.89% |
| Bbh Money Market Sweep | n/a | 3.60% |
| Spy Bullet Swap J | n/a | 2.92% |
| Recv Spy Bullet Swap K | n/a | 1.95% |
| Recv Spy Bullet Swap H | n/a | 1.95% |
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 | $0.9018 | Dec 10, 2021 |
| Dec 24, 2020 | $0.6526 | Dec 24, 2020 |
| Jul 22, 2020 | $0.0547 | Jul 22, 2020 |
| Dec 24, 2019 | $0.2085 | Dec 24, 2019 |