Fund Evaluator:

Easterly Snow All Cap Value A Overview

Easterly Snow All Cap Value A (SNVAX) is an actively managed U.S. Equity Mid-Cap Value fund. Easterly Funds launched the fund in 2026.

The investment seeks long-term capital appreciation. To achieve its investment objective, the fund invests primarily in equity securities of companies of any market capitalization size. The fund’s investments in equity securities may include common and preferred stocks. The fund may have up to 20% of its net assets invested directly or indirectly in foreign securities, including American Depositary Receipts (“ADRs”). The fund’s foreign investments will be limited to investment in companies in developed countries rather than countries with developing or emerging markets.

About Easterly Snow All Cap Value A (SNVAX)

There are 2 members of the management team with an average tenure of 0.10 years: Joseph Artuso (2026), Joshua Schachter (2026). Management tenure is more important for actively managed funds than passive index funds.

Easterly Snow All Cap Value A has securities in its portfolio. The top 10 holdings constitute 0.0% 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 Snow All Cap Value A is part of the Equity global asset class and is within the U.S. Equity fund group. Easterly Snow All Cap Value A has 0.0% 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 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Easterly Snow All Cap Value A has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $265 million in total assets, which is below the $642 million average for the Mid-Cap Value 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.

SNVAX 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 Snow All Cap Value A expense ratio is high compared to funds in the Mid-Cap Value category. Easterly Snow All Cap Value A has an expense ratio of 1.20%, which is 16% higher than its category average, making the fund expense ratio grade a D. 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. A portfolio turnover rate cannot be currently calculated for Easterly Snow All Cap Value A. By way of comparison, the average portfolio turnover is 51% for the Mid-Cap Value category.

Recently, in the month of July 2026, Easterly Snow All Cap Value A returned 4.4%, which earned it a grade of A, as the Mid-Cap Value category had an average return of 1.7%. 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 Snow All Cap Value A has a trailing yield of 0.00%, which is below the 0.87% category average. The fund normally distributes its income annually 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.

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