0001752724-22-168951.txt : 20220728 0001752724-22-168951.hdr.sgml : 20220728 20220728113328 ACCESSION NUMBER: 0001752724-22-168951 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220531 FILED AS OF DATE: 20220728 DATE AS OF CHANGE: 20220728 PERIOD START: 20230228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: James Alpha Funds Trust CENTRAL INDEX KEY: 0001829774 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-23611 FILM NUMBER: 221113622 BUSINESS ADDRESS: STREET 1: 515 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 888-814-8180 MAIL ADDRESS: STREET 1: 515 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 0001829774 S000073425 Easterly Snow Small Cap Value Fund C000230315 Easterly Snow Small Cap Value Fund Class C C000230316 Easterly Snow Small Cap Value Fund Class I C000230317 Easterly Snow Small Cap Value Fund Class R6 C000230318 Easterly Snow Small Cap Value Fund Class A NPORT-P 1 primary_doc.xml NPORT-P false 0001829774 XXXXXXXX S000073425 C000230318 C000230315 C000230317 C000230316 James Alpha Funds Trust 811-23611 0001829774 5493007JDS1R5QEQGK05 515 Madison Ave New York 10022 646-201-4042 Easterly Snow Small Cap Value Fund S000073425 549300IUIY6R0DB0YU35 2023-02-28 2022-05-31 N 20851021.24 66973.06 20784048.18 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N Collegium Pharmaceutical Inc. 54930049FXZMTLW8D496 COLLEGIUM PHARMA 19459J104 5870.00000000 NS USD 91689.40000000 0.441152749483 Long EC CORP US N 1 N N N Atlas Air Worldwide Holdings, Inc. 549300R0A2TUVCYZB465 ATLAS AIR WORLDW 049164205 2536.00000000 NS USD 176784.56000000 0.850578089835 Long EC CORP US N 1 N N N Vishay Intertechnology, Inc. 5493009O8F3QQJTCQR75 VISHAY INTERTECH 928298108 15743.00000000 NS USD 321786.92000000 1.548239867484 Long EC CORP US N 1 N N N Ziff Davis Inc 5493008OJYGLHD7MXA18 ZIFF DAVIS INC 48123V102 2162.00000000 NS USD 165047.08000000 0.794104587184 Long EC CORP US N 1 N N N Wesco International, Inc. 529900TXOGREY3WNJ434 WESCO INTL 95082P105 1395.00000000 NS USD 175184.10000000 0.842877665038 Long EC CORP US N 1 N N N Umpqua Holdings Co 5299002ENJ7CY215BW86 UMPQUA HOLDINGS 904214103 26496.00000000 NS USD 467654.40000000 2.250064068125 Long EC CORP US N 1 N N N AMN Healthcare Services Inc 529900W3ARRTCNFH2I39 AMN HEALTHCARE 001744101 4303.00000000 NS USD 416960.70000000 2.006157300969 Long EC CORP US N 1 N N N Modine Manufacturing Co. Z35SZFYJR8GZZRSIUU09 MODINE MANUFACTURING CO 607828100 42960.00000000 NS USD 507787.20000000 2.443158308729 Long EC CORP US N 1 N N N Zimvie Inc 549300GFKURT1J6XR665 ZIMVIE INC 98888T107 9752.00000000 NS USD 212301.04000000 1.021461450442 Long EC CORP US N 1 N N N Co-Diagnostics Inc. 549300Z1JPESYWFM1R93 CO-DIAGNOSTICS I 189763105 30240.00000000 NS USD 152712.00000000 0.734755802514 Long EC CORP US N 1 N N N OFG Bancorp 549300Q4QEXJ37LEXQ06 OFG BANCORP 67103X102 17434.00000000 NS USD 494079.56000000 2.377205613271 Long EC CORP PR N 1 N N N Urban Outfitters Inc. 549300N3DUFR5U6NRN38 URBAN OUTFITTER 917047102 7305.00000000 NS USD 153770.25000000 0.739847447755 Long EC CORP US N 1 N N N American Eagle Outfitters Inc. 5299001Z9HXK01DHW793 AMER EAGLE OUTF 02553E106 49658.00000000 NS USD 601358.38000000 2.893365021058 Long EC CORP US N 1 N N N BankUnited Inc. 96OVUWEW5D4YX6PFXD91 BANKUNITED INC 06652K103 21521.00000000 NS USD 896564.86000000 4.313716231964 Long EC CORP US N 1 N N N American Equity Investment Life Holding Company 549300RK5RZQ740FPL83 AMER EQUITY INVT 025676206 23020.00000000 NS USD 926785.20000000 4.459117838707 Long EC CORP US N 1 N N N Cinemark Holdings Inc. 549300LL2QMPTYIE0K55 CINEMARK HOLDING 17243V102 52420.00000000 NS USD 890091.60000000 4.282570903855 Long EC CORP US N 1 N N N Commercial Metals Company 549300OQS2LO07ZJ7N73 COMMERCIAL METAL 201723103 17092.00000000 NS USD 679065.16000000 3.267242041198 Long EC CORP US N 1 N N N HF Sinclair Corp. 549300J3U2WK73C9ZK26 HF SINCLAIR CORP 403949100 8277.00000000 NS USD 406400.70000000 1.955349104661 Long EC CORP US N 1 N N N BBH N/A BBH SWEEP VEHICLE N/A 438921.48000000 PA USD 438921.48000000 2.111819007532 Long STIV US N 1 N N N Southwestern Energy Company EFWMP121W54QV9MGOP87 SOUTHWESTRN ENGY 845467109 73599.00000000 NS USD 671222.88000000 3.229509834594 Long EC CORP US N 1 N N N Carters Incorporation 5299003WAQK4R3L3ZU36 CARTER'S INC 146229109 2593.00000000 NS USD 199790.65000000 0.961269182354 Long EC CORP US N 1 N N N Terex Corporation YAWJZJYEQ7M1SYMOS462 TEREX CORP 880779103 6157.00000000 NS USD 217896.23000000 1.048382048159 Long EC CORP US N 1 N N N Bloomin Brands Inc E1UJ2GO305B5FXGV7N04 BLOOMIN' BRANDS 094235108 30348.00000000 NS USD 640646.28000000 3.082394124819 Long EC CORP US N 1 N N N Alamos Gold Inc. 549300TDOX73YGYXE959 ALAMOS GOLD INC 011532108 14082.00000000 NS USD 105192.54000000 0.506121517276 Long EC CORP CA N 1 N N N Hillenbrand, Inc. U246OE781574J2BUD366 HILLENBRAND INC 431571108 2500.00000000 NS USD 104600.00000000 0.503270580851 Long EC CORP US N 1 N N N ABM Inds Inc QF02R89VEIOROM77J447 ABM INDUSTRIES 000957100 5820.00000000 NS USD 281397.00000000 1.353908524282 Long EC CORP US N 1 N N N F N B Corp (Pennsylvania) PCYSKIGYNYFDTBLVZU83 FNB CORP 302520101 62701.00000000 NS USD 761817.15000000 3.665393495060 Long EC CORP US N 1 N N N Brinker International, Inc. 52990067JY6PBGJNTG76 BRINKER INTL 109641100 15866.00000000 NS USD 481533.10000000 2.316839798626 Long EC CORP US N 1 N N N JetBlue Airways Corporation 54930070J9H97ZO93T57 JETBLUE AIRWAYS 477143101 35465.00000000 NS USD 380894.10000000 1.832627102772 Long EC CORP US N 1 N N N Lions Gate Entertainment Corp. 5493000JSMHPHZURLM72 LIONS GATE ENTERTAINMENT- 535919401 57299.00000000 NS USD 586168.77000000 2.820282001482 Long EC CORP CA N 1 N N N CNO Financial Group, Inc. 11XPYHB76MPM4Y4P2897 CNO FINANCIAL GR 12621E103 37390.00000000 NS USD 769112.30000000 3.700493250107 Long EC CORP US N 1 N N N Green Dot Corp N/A GREEN DOT CORP-A 39304D102 11499.00000000 NS USD 331631.16000000 1.595604268850 Long EC CORP US N 1 N N N Lumentum Holdings Incorporation 549300JLWRRC38DWEF52 LUMENTUM HOL 55024U109 2870.00000000 NS USD 247049.60000000 1.188650054409 Long EC CORP US N 1 N N N Matthews International Corp 549300ZVC5O0ATML6U61 MATTHEWS INTL-A 577128101 6835.00000000 NS USD 221180.60000000 1.064184407601 Long EC CORP US N 1 N N N Old National Bancorp 549300MMK90CL5KMVX16 OLD NATL BANCORP 680033107 38140.00000000 NS USD 606426.00000000 2.917747277854 Long EC CORP US N 1 N N N Kohl's Corp. 549300JF6LPRTRJ0FH50 KOHLS CORP 500255104 6137.00000000 NS USD 247443.84000000 1.190546893738 Long EC CORP US N 1 N N N Kennametal Inc 549300GZDSG25XUV0Y08 KENNAMETAL INC 489170100 4005.00000000 NS USD 111098.70000000 0.534538310524 Long EC CORP US N 1 N N N Crescent Point Energy Corp 549300FTKUHZK8OC7N74 CRESCENT POINT 22576C101 14447.00000000 NS USD 127711.48000000 0.614468744943 Long EC CORP CA N 1 N N N Super Micro Computer Inc. 54930022CZO1N2UGVW07 SUPER MICRO COMP 86800U104 18940.00000000 NS USD 948136.40000000 4.561846622894 Long EC CORP US N 1 N N N Century Aluminum Company 549300U5ODNGEYWKSW73 CENTURY ALUMINUM 156431108 10285.00000000 NS USD 121363.00000000 0.583923781108 Long EC CORP US N 1 N N N PacWest Bancorp 549300YI8VMFO7G36V04 PACWEST BANCORP 695263103 17142.00000000 NS USD 541344.36000000 2.604614631912 Long EC CORP US N 1 N N N First Commonwealth Financial Corp PA 549300ZHLQ42NXDETL24 FIRST COMMON FIN 319829107 32292.00000000 NS USD 452410.92000000 2.176721859388 Long EC CORP US N 1 N N N Delek US Holdings Inc. 5493003O53JMENV1N385 DELEK US HOLDING 24665A103 37205.00000000 NS USD 1084897.80000000 5.219857992072 Long EC CORP US N 1 N N N Photronics Inc. 549300OK5JVNIBNY6F63 PHOTRONICS INC 719405102 39807.00000000 NS USD 865404.18000000 4.163790290058 Long EC CORP US N 1 N N N Silicon Motion Technology Corp. 5299005RBVBZQJTYFC89 SILICON MOTI-ADR 82706C108 6423.00000000 NS USD 580061.13000000 2.790895810943 Long EC CORP KY N 1 N N N ACCO Brands Corporation JCT8P4Y190IH4I1NX328 ACCO BRANDS CORP 00081T108 120112.00000000 NS USD 905644.48000000 4.357401754252 Long EC CORP US N 1 N N N 2022-06-28 James Alpha Funds Trust Erik Naviloff Erik Naviloff Asst Treasurer XXXX NPORT-EX 2 easterlysnow_nport.htm EASTERLY NQ
EASTERLY SNOW SMALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Unaudited)
May 31, 2022

 

Shares      Fair Value 
     COMMON STOCKS — 97.8%     
     APPAREL & TEXTILE PRODUCTS - 1.0%     
 2,593   Carter’s, Inc.  $199,791 
           
     AUTOMOTIVE - 2.4%     
 42,960   Modine Manufacturing Company(a)   507,787 
           
     BANKING - 20.2%     
 21,521   BankUnited, Inc.   896,565 
 32,292   First Commonwealth Financial Corporation   452,411 
 62,701   FNB Corporation   761,817 
 17,434   OFG Bancorp   494,080 
 38,140   Old National Bancorp   606,426 
 17,142   PacWest Bancorp   541,344 
 26,496   Umpqua Holdings Corporation   467,654 
         4,220,297 
     BIOTECH & PHARMA - 0.4%     
 5,870   Collegium Pharmaceutical, Inc.(a)   91,689 
           
     COMMERCIAL SUPPORT SERVICES - 3.4%     
 5,820   ABM Industries, Inc.   281,397 
 4,303   AMN Healthcare Services, Inc.(a)   416,960 
         698,357 
     CONSUMER SERVICES - 1.1%     
 6,835   Matthews International Corporation, Class A   221,181 
           
     ENTERTAINMENT CONTENT - 2.8%     
 57,299   Lions Gate Entertainment Corporation, Class A(a)   586,169 
           
     HOME & OFFICE PRODUCTS - 4.4%     
 120,112   ACCO Brands Corporation   905,644 
           
     INDUSTRIAL SUPPORT SERVICES - 0.8%     
 1,395   WESCO International, Inc.(a)   175,184 

 

 

EASTERLY SNOW SMALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
May 31, 2022

 

Shares      Fair Value 
     COMMON STOCKS — 97.8% (Continued)     
     INSURANCE - 8.2%     
 23,020   American Equity Investment Life Holding Company  $926,786 
 37,390   CNO Financial Group, Inc.   769,112 
         1,695,898 
     LEISURE FACILITIES & SERVICES - 9.6%     
 30,348   Bloomin’ Brands, Inc.   640,646 
 15,866   Brinker International, Inc.(a)   481,533 
 52,420   Cinemark Holdings, Inc.(a)   890,092 
         2,012,271 
     MACHINERY - 2.1%     
 2,500   Hillenbrand, Inc.   104,600 
 4,005   Kennametal, Inc.   111,099 
 6,157   Terex Corporation   217,896 
         433,595 
     MEDICAL EQUIPMENT & DEVICES - 1.8%     
 30,240   Co-Diagnostics, Inc.(a)   152,712 
 9,752   Zimvie, Inc.(a)   212,301 
         365,013 
     METALS & MINING - 1.1%     
 14,082   Alamos Gold, Inc., Class A   105,193 
 10,285   Century Aluminum Company(a)   121,363 
         226,556 
     OIL & GAS PRODUCERS - 11.0%     
 14,447   Crescent Point Energy Corporation   127,711 
 37,205   Delek US Holdings, Inc.(a)   1,084,898 
 8,277   HF Sinclair Corporation   406,401 
 73,599   Southwestern Energy Company(a)   671,223 
         2,290,233 
     RETAIL - DISCRETIONARY - 4.8%     
 49,658   American Eagle Outfitters, Inc.   601,358 
 6,137   Kohl’s Corporation   247,444 
 7,305   Urban Outfitters, Inc.(a)   153,770 
         1,002,572 
     SEMICONDUCTORS - 8.5%     
 39,807   Photronics, Inc.(a)   865,405 

 

 

EASTERLY SNOW SMALL CAP VALUE FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
May 31, 2022

 

Shares      Fair Value 
     COMMON STOCKS — 97.8% (Continued)     
     SEMICONDUCTORS - 8.5% (Continued)     
 6,423   Silicon Motion Technology Corporation - ADR  $580,061 
 15,743   Vishay Intertechnology, Inc.   321,787 
         1,767,253 
     SOFTWARE - 0.8%     
 2,162   Ziff Davis, Inc.(a)   165,047 
           
     STEEL - 3.3%     
 17,092   Commercial Metals Company   679,065 
           
     TECHNOLOGY HARDWARE - 5.8%     
 2,870   Lumentum Holdings, Inc.(a)   247,050 
 18,940   Super Micro Computer, Inc.(a)   948,136 
         1,195,186 
     TECHNOLOGY SERVICES - 1.6%     
 11,499   Green Dot Corporation, Class A(a)   331,631 
           
     TRANSPORTATION & LOGISTICS - 2.7%     
 2,536   Atlas Air Worldwide Holdings, Inc.(a)   176,785 
 35,465   JetBlue Airways Corporation(a)   380,894 
         557,679 
           
     TOTAL COMMON STOCKS (Cost $19,907,949)   20,328,098 
           
     TOTAL INVESTMENTS - 97.8% (Cost $19,907,949)  $20,328,098 
     OTHER ASSETS IN EXCESS OF LIABILITIES- 2.2%   455,950 
     NET ASSETS - 100.0%  $20,784,048 

 

ADR - American Depositary Receipt

 

(a)Non-income producing security.

 

 

EASTERLY SNOW LONG/SHORT OPPORTUNITY FUND
SCHEDULE OF INVESTMENTS (Unaudited)
May 31, 2022

 

Shares      Fair Value 
     COMMON STOCKS — 81.7%     
     AEROSPACE & DEFENSE - 1.2%     
 2,700   Lockheed Martin Corporation  $1,188,297 
           
     APPAREL & TEXTILE PRODUCTS - 2.5%     
 21,890   Carter’s, Inc.   1,686,624 
 11,301   PVH Corporation   800,902 
         2,487,526 
     BANKING - 10.1%     
 54,787   Bank of America Corporation   2,038,076 
 16,270   Citigroup, Inc.   868,981 
 13,410   JPMorgan Chase & Company   1,773,204 
 63,930   Old National Bancorp   1,016,487 
 41,445   Truist Financial Corporation   2,061,475 
 54,855   Wells Fargo & Company   2,510,714 
         10,268,937 
     BEVERAGES - 1.1%     
 19,210   Molson Coors Beverage Company, Class B   1,072,686 
           
     BIOTECH & PHARMA - 6.6%     
 6,154   AbbVie, Inc.   906,915 
 12,550   Amgen, Inc.   3,222,086 
 3,704   Biogen, Inc.(a)   740,800 
 35,330   Pfizer, Inc.   1,873,903 
         6,743,704 
     CONTAINERS & PACKAGING - 1.1%     
 22,180   International Paper Company   1,074,621 
           
     ENTERTAINMENT CONTENT - 2.4%     
 21,570   Walt Disney Company (The)(a)   2,382,191 
           
     FOOD - 2.5%     
 38,050   Lamb Weston Holdings, Inc.   2,571,419 
           
     HEALTH CARE FACILITIES & SERVICES - 4.5%     
 39,805   Cardinal Health, Inc.   2,241,818 

 

 

EASTERLY SNOW LONG/SHORT OPPORTUNITY FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
May 31, 2022

 

Shares      Fair Value 
     COMMON STOCKS — 81.7% (Continued)     
     HEALTH CARE FACILITIES & SERVICES - 4.5% (Continued)     
 28,350   Centene Corporation(a)  $2,308,824 
         4,550,642 
     HOME CONSTRUCTION - 2.1%     
 15,265   Mohawk Industries, Inc.(a)   2,159,387 
           
     INDUSTRIAL SUPPORT SERVICES - 1.8%     
 14,360   WESCO International, Inc.(a)   1,803,329 
           
     INSTITUTIONAL FINANCIAL SERVICES - 1.4%     
 4,375   Goldman Sachs Group, Inc. (The)   1,429,969 
           
     INSURANCE - 8.3%     
 42,390   Argo Group International Holdings Ltd.   1,795,640 
 91,590   CNO Financial Group, Inc.   1,884,006 
 29,690   Hartford Financial Services Group, Inc. (The)   2,152,822 
 38,435   MetLife, Inc.   2,590,135 
         8,422,603 
     LEISURE FACILITIES & SERVICES - 0.4%     
 25,175   Norwegian Cruise Line Holdings Ltd.(a)   403,052 
           
     LEISURE PRODUCTS - 2.7%     
 30,710   Hasbro, Inc.   2,756,223 
           
     MACHINERY - 2.9%     
 44,875   Hillenbrand, Inc.   1,877,570 
 28,920   Terex Corporation   1,023,479 
         2,901,049 
     MEDICAL EQUIPMENT & DEVICES - 2.4%     
 19,855   Zimmer Biomet Holdings, Inc.   2,386,770 
           
     METALS & MINING - 2.0%     
 27,235   Freeport-McMoRan, Inc.   1,064,344 
 12,770   Rio Tinto plc - ADR   937,829 
         2,002,173 

 

 

EASTERLY SNOW LONG/SHORT OPPORTUNITY FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
May 31, 2022

 

Shares      Fair Value 
     COMMON STOCKS — 81.7% (Continued)     
     OIL & GAS PRODUCERS - 10.2%     
 61,268   BP plc - ADR  $1,983,245 
 75,307   Coterra Energy, Inc.   2,585,289 
 23,940   HF Sinclair Corporation   1,175,454 
 7,690   Pioneer Natural Resources Company   2,137,359 
 59,350   Suncor Energy, Inc.   2,396,553 
         10,277,900 
     RETAIL - DISCRETIONARY - 1.8%     
 39,540   American Eagle Outfitters, Inc.   478,829 
 32,090   Kohl’s Corporation   1,293,869 
         1,772,698 
     SEMICONDUCTORS - 2.7%     
 11,410   Skyworks Solutions, Inc.   1,242,207 
 70,500   Vishay Intertechnology, Inc.   1,441,019 
         2,683,226 
     STEEL - 1.6%     
 41,930   Commercial Metals Company   1,665,879 
           
     TECHNOLOGY HARDWARE - 2.6%     
 19,120   Lumentum Holdings, Inc.(a)   1,645,850 
 29,030   NCR Corporation(a)   1,007,051 
         2,652,901 
     TELECOMMUNICATIONS - 1.1%     
 92,610   Lumen Technologies, Inc.   1,133,546 
           
     TRANSPORTATION & LOGISTICS - 3.7%     
 46,560   Southwest Airlines Company(a)   2,135,241 
 8,370   United Parcel Service, Inc., Class B   1,525,433 
         3,660,674 
     TRANSPORTATION EQUIPMENT - 2.0%     
 23,350   PACCAR, Inc.   2,027,714 
           
     TOTAL COMMON STOCKS (Cost $69,944,035)   82,479,116 

 

 

EASTERLY SNOW LONG/SHORT OPPORTUNITY FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
May 31, 2022

 

Contracts(b)       Broker/
Counterparty		  Expiration
Date		  Exercise
Price		   Notional
Value		   Fair Value 
    EQUITY OPTIONS PURCHASED - 0.2%              
     CALL OPTIONS PURCHASED - 0.2%                  
 225   American Eagle Outfitters, Inc.  JEF  11/18/2022  $16   $360,000   $14,625 
 20   Biogen, Inc.  JEF  10/21/2022   215    430,000    31,400 
 160   Citigroup, Inc.  JEF  10/21/2022   55    880,000    55,520 
 150   NCR Corporation  JEF  10/21/2022   35    525,000    83,250 
     TOTAL CALL OPTIONS PURCHASED (Cost - $161,361)        184,795 
                           
     TOTAL EQUITY OPTIONS PURCHASED (Cost - $161,361)        184,795 
                           
     TOTAL INVESTMENTS – 81.9% (Cost $70,105,396)       $82,663,911 
     CALL OPTIONS WRITTEN - 0.0% (Proceeds - $39,068)        (28,000)
     PUT OPTIONS WRITTEN - (1.5)% (Proceeds - $1,273,128)        (1,512,352)
     OTHER ASSETS IN EXCESS OF LIABILITIES- 19.6%        19,814,617 
     NET ASSETS - 100.0%       $100,938,176 

 

Contracts(b)         Counterparty  Expiration
Date		  Exercise
Price		   Notional
Value		   Fair Value 
     WRITTEN EQUITY OPTIONS - (1.5)%                 
     CALL OPTIONS WRITTEN- 0.0%(c)                  
 56   Centene Corporation  JEF  12/16/2022  $90   $504,000   $28,000 
     TOTAL CALL OPTIONS WRITTEN (Proceeds - $39,068)          
                           
     PUT OPTIONS WRITTEN - (1.5)%                  
 450   American Eagle Outfitters, Inc.  JEF  11/18/2022  $14   $630,000   $147,375 
 152   Bank of America Corporation  JEF  11/18/2022   33    501,600    27,360 
 80   Bread Financial Holdings, Inc.  JEF  06/17/2022   65    520,000    81,600 
 100   Bread Financial Holdings, Inc.  JEF  09/16/2022   50    500,000    37,900 
 55   Carter’s, Inc.  JEF  06/17/2022   90    495,000    73,150 
 145   Cheesecake Factory, Inc. (The)  JEF  10/21/2022   35    507,500    79,750 
 90   Citigroup, Inc.  JEF  09/16/2022   58    522,000    55,350 
 160   Citigroup, Inc.  JEF  10/21/2022   48    768,000    33,600 
 113   Freeport-McMoRan, Inc.  JEF  08/19/2022   46    519,800    92,943 
 200   Intel Corporation  JEF  06/17/2022   50    1,000,000    109,000 
 118   Intel Corporation  JEF  10/21/2022   43    507,400    32,804 
 395   JetBlue Airways Corporation  JEF  06/17/2022   13    513,500    90,060 
 105   Kohl’s Corporation  JEF  06/17/2022   48    504,000    97,125 
 31   Mohawk Industries, Inc.  JEF  08/19/2022   170    527,000    94,705 
 350   NCR Corporation  JEF  10/21/2022   28    980,000    90,125 

 

 

EASTERLY SNOW LONG/SHORT OPPORTUNITY FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
May 31, 2022

 

Contracts(c)
(continued)		       Counterparty  Expiration
Date		  Exercise
Price		   Notional
Value		   Fair Value 
    WRITTEN EQUITY OPTIONS - (1.5)%              
     PUT OPTIONS WRITTEN - (1.5)% (Continued)          
 261   Norwegian Cruise Line Holdings Ltd.  JEF  06/17/2022  $20   $522,000   $105,705 
 120   PVH Corporation  JEF  12/16/2022   65    780,000    96,000 
 45   Skyworks Solutions, Inc.  JEF  08/19/2022   110    495,000    40,725 
 32   Target Corporation  JEF  10/21/2022   155    496,000    35,200 
 30   United Parcel Service, Inc.  JEF  10/21/2022   170    510,000    28,200 
 48   Walt Disney Company (The)  JEF  10/21/2022   105    504,000    31,440 
 45   WESCO International, Inc.  JEF  09/16/2022   110    495,000    26,775 
 105   Western Digital Corporation  JEF  07/15/2022   48    504,000    5,460 
     TOTAL PUT OPTIONS WRITTEN (Proceeds - $1,273,128)        1,512,352 
                           
     TOTAL EQUITY OPTIONS WRITTEN (Proceeds - $1,312,196)       $1,540,352 

 

 

EASTERLY SNOW LONG/SHORT OPPORTUNITY FUND
SCHEDULE OF SECURITIES SOLD SHORT (Unaudited)
May 31, 2022

 

Shares      Fair Value 
     EXCHANGE-TRADED FUNDS — (8.8)%     
     EQUITY - (8.8)%     
 (3,600)  Invesco QQQ Trust Series 1  $(1,109,808)
 (17,780)  iShares Russell 1000 ETF, EQUITY   (4,042,994)
 (7,980)  iShares Russell 3000 ETF   (1,900,198)
 (4,540)  SPDR S&P 500 ETF Trust   (1,874,702)
         (8,927,702)
           
     TOTAL SECURITIES SOLD SHORT - (Proceeds - $9,149,310)  $(8,927,702)

 

ADR - American Depositary Receipt
   
ETF - Exchange-Traded Fund
   
LTD - Limited Company
   
PLC - Public Limited Company
   
SPDR - Standard & Poor’s Depositary Receipt
   
JEF Jefferies

 

(a)Non-income producing security.

 

(b)Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security.

 

(c)Percentage rounds to greater than (0.1%).