About SNOAX
The Easterly Snow Long/Short Opportunity Fund Class A is an open-end mutual fund designed to pursue long-term capital appreciation while aiming to protect investment principal. The fund employs a long/short equity strategy, investing primarily in equity securities such as common and preferred stocks, convertible securities, and shares of other investment companies. It typically maintains a conviction-weighted portfolio of 30 to 60 long positions, complemented by short positions that adjust according to the manager’s market outlook. The fund focuses on small-cap value opportunities, leveraging a disciplined, contrarian investment approach rooted in behavioral finance principles. This strategy seeks to exploit investor overreactions to negative news by identifying undervalued stocks with strong free cash flow and robust balance sheets. The portfolio is well-diversified across multiple sectors, including finance, industrials, energy, and technology, and offers investors exposure to both domestic and select foreign equities. Managed by a team with substantial value investing expertise, the Easterly Snow Long/Short Opportunity Fund Class A plays a distinctive role for investors seeking equity exposure with a built-in risk management component through its long/short structure.
Fund Family Easterly Funds
Category Alt Long/Short Eq
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol SNOAX
Share Class - Class A Shares
Index Russell 3000 Value CR
SNOAX had a total return of 24.97% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.11%.
