Beverly, MA, November 9, 2023 – Easterly Funds, the mutual fund platform of Easterly Asset Management which offers investors access to accomplished boutique investment managers and unique strategies, is pleased to announce that the Easterly Income Opportunities Fund (“the Fund”) (tickers: JSVIX, JASVX, JSVCX, JASSX), two-time recipient of the Lipper Fund Award1, recently marked its five-year anniversary with strong, risk-adjusted returns ranking it in the top decile among its peers2.
Through an active value investing approach, the strategy is designed to take advantage of opportunities in the multisector bond market. The experienced team of portfolio managers directing the Fund seek to provide a high level of risk-adjusted income and capital appreciation with low volatility and sensitivity to changes in credit spreads and interest rates. The Fund has outperformed its benchmark, Bloomberg U.S. Aggregate Bond Index, for the one, three and five-year periods ended September 30, 2023. The Fund is rated 5 stars by Morningstar, Inc. for its Multisector Bond category.
“Structured credit is the sector that we feel is the most inefficient in fixed-income and not available as a standalone ETF due to its diversity and analytical complexity. We believe this results in our ability to outperform in stressed markets while adding value in normal markets,” said CEO of Easterly Funds, Darrell Crate. “The Fund’s 5-year track record speaks to the steadfast focus of our incredibly talented team, who seek to deliver positive returns for investors through all market scenarios.”
“The regime of steady low-interest rates is over, and interest rate volatility will likely persist for the foreseeable future,” said Michael Collins, Managing Director and Head of Business Development at Easterly. “Our investment team has deep domain expertise and an exceptional ability to understand credit risk to effectively source and evaluate opportunities that exploit inefficiencies in the market, generate yield, and total return.”
The Fund is managed and sub-advised by Jay Menozzi, CFA, Chief Investment Officer & Portfolio Manager of Orange Investment Advisors an Affiliate of Easterly, and Portfolio Manager, Boris Peresechensky.
About Easterly Funds
Easterly Funds is the mutual fund platform of Easterly Asset Management, which offers investors access to accomplished boutique managers and funds with distinct investment approaches. Easterly Funds’ goal is to bring innovative, alpha-generating mutual funds to investors, enabling them to better navigate the need for income, capital appreciation and risk management to help potentially reduce volatility. As of September 30, 2023, Easterly Funds had over $1 billion of assets under management. For more information, please visit Easterly Funds at https://funds.easterlyam.com/.
About Orange Investment Advisors
Founded in 2017, Orange Investment Advisors is an expert in structured credit strategies. The firm offers investors securitized product solutions with low volatility and a high-level of risk- adjusted income and capital appreciation. In partnership with Easterly, Orange also offers institutional investors a structured credit solution through its Structured Credit Value strategy.
Before investing, consider the fund’s investment objectives, risks, charges and expenses. To obtain a prospectus [or summary prospectus] which contains this and other information, call Easterly Securities LLC at 888.814.8180 or visit funds.easterlyam.com. Please read the prospectus carefully before investing.
Effective 10/2/2023, Easterly Funds are distributed by Easterly Securities LLC, member FINRA/SIPC. Certain employees of Easterly Securities LLC are registered with FDX Capital LLC. Orange Investment Advisers, LLC is not affiliated with Easterly Securities LLC
1 Lipper Fund Awards from Refinitiv, All rights reserved. Used under license. The Easterly Income Opportunities Fund R6 Share class (JASSX) received a Refinitiv Lipper Award for the best fund among 290 funds in the Morningstar Multisector Bond category based on a risk- adjusted performance for the 3-year period ending December 31, 2022. The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60, and 120 The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award.
2 Source: Morningstar Direct | Since inception 8.21.18 to 9.30.23 Position: 2nd percentile
Category: Multisector Bond
Multisector bond portfolios seek income by diversifying their assets among several fixed income sectors, usually U.S. government obligations, U.S. corporate bonds, foreign bonds and high yield U.S. debt securities.
Easterly Income Opportunities Fund Morningstar Ratings
| OVERALL | 3-YEAR | 5-YEAR | |
|---|---|---|---|
| Morningstar Rating | 5 STARS | 4 STARS | 5 STARS |
| # Funds in Category | 324 | 324 | 267 |
Morningstar Rating as of September 30, 2023 | Category: Multisector Bond
Criteria: Risk-Adjusted Returns
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