Fund Evaluator:
Easterly Income Opportunities C (JSVCX)
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Best Performing in Multisector Bond Over the Last Year
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| 5.4% | Russell Inv Opportunistic Credit Y (RGCYX) |
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Fund Details
Easterly Income Opportunities C Overview
Easterly Income Opportunities C (JSVCX) is an actively managed Taxable Bond Multisector Bond fund. Easterly Funds launched the fund in 2018.
The investment seeks to provide a high level of risk-adjusted current income and capital appreciation; capital preservation is a secondary objective. The fund seeks to achieve its investment objectives, under normal conditions, by investing in structured credit securities and other fixed income securities. The fund may also invest in corporate bonds and other fixed income securities, such as U.S. government securities. It seeks to outperform the Bloomberg U.S. Aggregate Bond Index with lower volatility than that index.
About Easterly Income Opportunities C (JSVCX)
There are 2 members of the management team with an average tenure of 7.95 years: Jay Menozzi (2018), Boris Peresechensky (2018). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Easterly Income Opportunities C has 873 securities in its portfolio. The top 10 holdings constitute 20.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Easterly Income Opportunities C is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Easterly Income Opportunities C has 4.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 81.8% (77.2% domestic bond, 4.5% foreign bond and 0.0% convertible bond). Easterly Income Opportunities C has 18.3% of the portfolio in cash.
Assets Under Management
The fund has $4 million in total assets, which is below the $1 billion average for the Multisector Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
JSVCX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Easterly Income Opportunities C expense ratio is high compared to funds in the Multisector Bond category. Easterly Income Opportunities C has an expense ratio of 2.40%, which is 156% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Easterly Income Opportunities C has a portfolio turnover rate of 32%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 162% for the Multisector Bond category.
Recently, in the month of July 2026, Easterly Income Opportunities C returned -0.3%, which earned it a grade of A, as the Multisector Bond category had an average return of -0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Easterly Income Opportunities C has a trailing yield of 4.44%, which is below the 5.31% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Easterly Income Opportunities C Grades
Year to date, the fund has returned 0.3%, 0.6 percentage points worse than the category, which translates into a grade of D. The fund has returned 3.6% over the past year (grade of D), 5.6% over the past three years (grade of D) and 2.3% per year over the past five years (grade of C).
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JSVCX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| JSVCX Return (NAV) | -0.3% | -0.3% | 3.6% | 5.6% | 2.3% | na |
| JSVCX Grade | A | D | D | D | C | na |
| +/- Category | 0.4% | -0.3% | -0.7% | -0.7% | -0.1% | na |
| Multisector Bond Avg | -0.7% | 0.0% | 4.3% | 6.3% | 2.4% | 3.5% |
| JSVCX Tax Cost Ratio | na | na | 1.8% | 1.9% | 1.8% | na |
JSVCX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JSVCX Return (NAV) | 0.3% | 7.2% | 7.3% | 4.9% | -7.2% | 3.8% | 12.8% | 6.5% | na | na | na |
| JSVCX Grade | D | D | A | F | A | A | A | F | na | na | na |
| +/- Category | -0.6% | -0.9% | 1.5% | -3.6% | 2.9% | 1.5% | 6.5% | -3.8% | na | na | na |
| Multisector Bond Avg | 0.9% | 8.1% | 5.7% | 8.4% | -10.1% | 2.2% | 6.3% | 10.3% | -1.9% | 6.6% | 7.5% |
| Risk Measures | |
| Standard Deviation: | 2.3% |
| Total Risk Index: | 0.19 - Low |
| Category Risk Index: | 0.51 - Low |
| Category Risk Grade: | A (7% Rank) |
| Beta: | 0.33 |
| R-Squared: | 68% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 4.4% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $429 Mil |
| Fund Total Assets: | $ 4 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 32% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 8.0 years | |||
| Average Tenure: 8.0 years | |||
| Managers (Year): Menozzi Jay (2018), Peresechensky Boris (2018) | |||
Portfolio Composition (as of 2/28/26)
| # of Holdings: | 873 |
| % in Top 10 Holdings: | 20.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.5% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 77.2% |
| Foreign Bond: | 4.5% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 18.3% |
Purchase Information
| Fund Family: | Easterly Funds |
| Phone Number: | 833-999-2636 |
| Website: |
| Status: | Open |
| Inception Date: | August 21, 2018 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 1.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 2.40% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | Easterly Income Opportunities I |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
