Emerald Finance and Banking Innovation Fund - A (HSSAX)
| Fund Assets | 40.82M |
| Expense Ratio | 1.77% |
| Min. Investment | $2,000 |
| Turnover | 32.00% |
| Dividend (ttm) | 0.56 |
| Dividend Yield | 1.70% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 31.05 |
| YTD Return | 0.98% |
| 1-Year Return | 24.54% |
| 5-Year Return | -29.41% |
| 52-Week Low | 25.53 |
| 52-Week High | 34.16 |
| Beta (5Y) | n/a |
| Holdings | 63 |
| Inception Date | Feb 18, 1997 |
About HSSAX
Emerald Finance and Banking Innovation Fund - A is an actively managed mutual fund focused on achieving long-term growth through capital appreciation, with income as a secondary goal. The fund primarily invests at least 80% of its assets in equities—both common and preferred—of companies principally engaged in the banking and financial services sectors. Its portfolio emphasizes community banks, insurance companies, and other financial institutions, providing targeted exposure to the heart of the U.S. financial landscape. The fund follows a small-value investment style and typically holds a concentrated group of financial industry stocks, with its top 10 holdings accounting for a significant portion of assets. Established in 1997, it is designed for investors seeking specialized exposure to evolving trends and innovations within financial services. While the fund is known for its focused strategy, it carries relatively high expenses compared to peers and a front-load sales charge as part of its share structure. Overall, the fund plays a unique role by channeling capital into sectors driving financial innovation and supporting community-level financial growth.
Performance
HSSAX had a total return of 24.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.65%.
Top 10 Holdings
43.14% of assets| Name | Symbol | Weight |
|---|---|---|
| Northeast Bank | NBN | 4.82% |
| Customers Bancorp, Inc. | CUBI | 4.68% |
| Pathward Financial, Inc. | CASH | 4.66% |
| Metropolitan Bank Holding Corp. | MCB | 4.65% |
| Axos Financial, Inc. | AX | 4.61% |
| Esquire Financial Holdings, Inc. | ESQ | 4.60% |
| LendingClub Corporation | LC | 4.14% |
| The Bancorp, Inc. | TBBK | 4.13% |
| Coastal Financial Corporation | CCB | 3.66% |
| First American Government Obligations Fund | FGXXX | 3.20% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 10, 2024 | $0.55886 | Jul 11, 2024 |
| Dec 14, 2021 | $5.59394 | Dec 15, 2021 |
| Dec 17, 2018 | $7.71473 | Dec 18, 2018 |
| Dec 18, 2017 | $1.28587 | Dec 19, 2017 |