Trametes pubescens

Trametes pubescens is a small, thin polypore, or bracket fungus. It has a cream-colored, finely velvety cap surface. Unlike most other turkey tail-like species of Trametes, the cap surface lacks strongly contrasting zones of color.
It is an annual, saprobic fungus, a decomposer of the deadwood of hardwoods, growing in clusters on logs, stumps and downed branches. (It is rarely reported on conifer wood.)