Easterly Hedged High Income Fund Class I
INCIX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 515 Madison Avenue New York NY 10022
- IPO Date
- Jan 6, 2014
- CIK
- 0001829774
- Similar Companies
- Business
- Easterly Hedged High Income Fund Class I (INCIX) is a mutual fund that seeks high current income as its primary objective, with secondary goals of capital preservation and potential capital appreciation. The fund employs hedged and long-short strategies in U.S. and foreign fixed income and fixed income-related securities of varying maturities and credit qualities, including investment-grade and below-investment-grade bonds; it utilizes long-only, short-only, and hedging approaches across all sectors to manage risk and generate returns. Managed as part of Easterly Asset Management's lineup, the fund targets institutional and private wealth investors seeking income solutions with downside protection. The fund invests substantially all assets in fixed income securities, focusing on high-yield opportunities through active portfolio management that incorporates derivatives for hedging purposes. Its strategy emphasizes liquidity management and exposure to both domestic and global markets, with no specific geographic restrictions beyond U.S. and foreign issuers. Easterly Asset Management, founded in 2019 and headquartered in Beverly, Massachusetts, serves as the adviser, partnering with boutique teams for specialized fixed income expertise. In recent developments, the fund experienced a significant net asset value decline and asset reduction from $232 million to $25.1 million in June 2025, attributed to a portfolio repositioning for improved liquidity amid concentrations in illiquid 144A private placements and distressed project finance deals, rather than outright liquidation. Easterly Asset Management underwent notable strategic expansions, including the April 2024 acquisition of the former Invesco and OppenheimerFunds Rochester Municipal Bond Team from Principal Street Partners, adding high-income and short-term municipal bond funds rebranded as Easterly RocMuni to broaden tax-efficient fixed income offerings. Additionally, in March 2024, Easterly formed a strategic partnership with Harrison Street, a $56 billion alternative real assets manager, designating Easterly Securities as the exclusive U.S. private wealth distributor for its funds.