Will the lawsuit trigger any changes in the fund’s management or advisory fees that could affect performance?

Short answer – no immediate fee or management changes are indicated.

The press release only announces that investors in Easterly ROCMuni High‑Income Municipal Bond Fund (RMJAX/RMHVX/RMHIX) have been invited to lead a securities‑law suit filed by Rosen Law Firm. The filing concerns alleged mis‑statements about the fund’s underlying holdings and performance, but the notice does not mention any restructuring of the fund’s advisory team, a change of the investment adviser, or a revision of the 0.75 %/0.85 % management‑advisory fee schedule that the fund currently charges.

Trading implications

Because the lawsuit itself does not trigger a fee‑reduction or a manager‑swap, the fund’s cost‑structure and return‑profile should remain unchanged in the short run. However, securities‑law actions often create short‑term pressure on NAV and price as investors reassess risk and may redeem shares. Expect modest‑to‑moderate selling pressure on the RMJAX ticker over the next 5‑10 trading days, especially if redemption activity spikes. The broader municipal‑bond market is still in a yield‑compression phase (10‑year Treasury at ~4.0 % and muni yields near 3.5 %), so the fund’s high‑income strategy remains attractive relative to peers, limiting the downside.

Actionable take‑away

- Maintain current exposure if you value the fund’s high‑income tilt and the underlying credit fundamentals are still sound.

- Watch for fee‑disclosure updates in the next SEC filing cycle (e.g., N‑CSR or N‑Q) that could signal a post‑litigation fee adjustment.

- Set a tight stop (e.g., 3–4 % below the current NAV) to protect against a possible redemption‑driven dip, but consider a buy‑the‑dip if the price falls beyond the stop and the fund’s credit outlook stays intact.

In short, the lawsuit alone is unlikely to alter management or advisory fees, but the associated reputational risk may generate temporary price volatility that traders can exploit.