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Snow Small Cap Value Fund

The Snow Small Cap Value Fund employs a contrarian, fundamental, relative-value investment philosophy on the smaller capitalization segment of the value equity market.

Overall Morningstar rating as of September 30, 2022. Based on risk-adjusted returns. Category: Small Value out of 443 funds.

More Information

$40.93
10/3/2022

-16.77%
10/3/2022
at NAV

NAV Disclosure

Why This Fund?

  • People: Co-Portfolio Managers Josh Schachter and Philip Greenblatt have an average of 16 years of value investing experience and are supported by a seven-person investment team.   
  • Portfolio: The conviction-weighted portfolio consists of 40 to 60 of our best small-cap value investment ideas. With a market cap profile similar to the index, the portfolio is diversified by sector and provides high active share.
  • Philosophy: Investment philosophy that is consistent with modern behavioral finance research and aims to take advantage of investor overreactions to negative surprises.
  • Process: Fundamental research process focuses on helping to identify out-of-favor stocks that are in sound financial condition and should experience an upward rerating in their P/E ratio with a positive shift in investor sentiment.

Fund Facts

INCEPTION DATE
11/30/2010
NET ASSETS
$18.5MM
ASSET CLASS
Equity
MORNINGSTAR CATEGORY
Small Value
BENCHMARK
Russell 2000 Value Index
GROSS EXPENSES
1.71% View Disclosure
NET EXPENSES
1.25% View Disclosure
CUSIP
470258559

Top 10 Holdings

American Equity Invt Life
4.62%
Lions Gate Entertainment
4.59%
Delek US Holdings, Inc.
4.58%
Cinemark Holdings, Inc.
4.32%
ACCO Brands Corp.
4.30%
Photronics, Inc.
4.25%
Bankunited, Inc.
4.20%
Super Micro Computer, Inc.
4.19%
FNB Corp.
3.74%
CNO Financial Group, Inc.
4.71%

Monthly Returns

-9.44%-19.26%-17.61%10.87%5.06%6.77%7.91%
-9.90%-19.41%-14.77%5.92%3.34%--
View Disclosure

Past performance does not guarantee future results and current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate, so that shares when redeemed may be worth more or less than their original cost. For performance information current to the most recent month-end, please call 888.814.8180.

Daily Pricing and Returns

$40.93 3.07 -16.77
View Disclosure

Past performance does not guarantee future results and current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate, so that shares when redeemed may be worth more or less than their original cost. For performance information current to the most recent month-end, please call 888.814.8180.

Quarterly Returns

-2.22%-19.26%-17.61%10.87%5.06%6.77%7.91%
-13.40%-15.20%-12.12%7.63%5.36%8.93%-
View Disclosure

Past performance does not guarantee future results and current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate, so that shares when redeemed may be worth more or less than their original cost. For performance information current to the most recent month-end, please call 888.814.8180.

Calendar Year Performance

 20212020201920182017201620152014201320122011
SNOW SMALL CAP VALUE FUND I (SNWIX)26.32%22.10%18.38%-19.56%
6.58%
21.04%
-17.00%
2.85%
41.69%
21.69%
0.87%
Morningstar Small Value Category31.57%4.02%21.43%-15.46%
8.54%
25.99%
-6.71%3.34%
36.22%
16.00%
-4.45%
View Disclosure

Past performance does not guarantee future results and current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate, so that shares when redeemed may be worth more or less than their original cost. For performance information current to the most recent month-end, please call 888.814.8180.

Sector Breakdown

Financials

28.65% 

Industrials

14.56% 

Information Technology

14.42% 

Consumer Discretionary

13.38% 

Communication Services

9.95% 

Energy

9.88% 

Health Care

5.03% 

Materials

4.13% 

Consumer Staples

0.00% 

Real Estate

0.00% 

Utilities

0.00% 

View Glossary

Fund Characteristics - 3 Year

Average Market Cap (Billions)

$2.66 

Forward P/E Estimate

7.70 

Price-to-Book

1.18 

PEG Ratio Forecast 12-Month

0.76 

EPS Growth Estimate

7.16% 

LT Debt/Capital

37.74% 

Active Share

96.45% 

View Glossary

Fund Statistics

Sharpe Ratio

0.42 

Sortino Ratio

0.61 

Beta

1.20% 

R-Squared

93.62 

Information Ratio

0.30 

View Glossary

Distribution History

Distribution DateDistribution NAVLong-Term Capital GainShort-Term Capital GainReturn of CapitalDividend Income
12/27/2149.34---0.08
12/29/15-0.11---
12/29/14-2.541.00--
12/27/2013-0.730.72--
12/17/2012-0.021.43--
12/28/2011-0.000.10--

Info


Easterly Investment Partners


Easterly Investment Partners (EIP)

Easterly Investment Partners (EIP) is our traditional, fundamental-based investment arm. EIP bolsters highly experienced teams and their investment strategies with the robust infrastructure of Easterly Asset Management. EIP’s current offerings span the entire value-equity spectrum and are managed by seasoned investment professionals. While we offer value strategies today, we are currently working to broaden EIP to provide a wider range of client solutions to include growth and core.


2010

Sewickley, PA

Portfolio Manager(s)

Joshua Schachter

Joshua Schachter, CFA

Senior Portfolio Manager
20 Years of Industry Experience


Snow Capital

Phil Greenblatt

Phil Greenblatt, CFA

Portfolio Manager
11 Years of Industry Experience


Snow Capital

Documents

Statement of Additional Infromation

Download

Easterly Snow Small Cap Value Fund Morningstar Rating

Overall 3-Year 5-Year 10-Year
Morningstar Star Rating 2 4 2 1
# Funds in Category 443 443 417 316

© 2022 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

The Morningstar Rating™ for funds or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five- and 10-year (if applicable) Morningstar Rating metrics.

Morningstar Rating is for the I share class only; other classes may have different performance characteristics.

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