Emerald Finance and Banking Innovation Fund - Institutional (HSSIX)
| Fund Assets | 40.82M |
| Expense Ratio | 1.48% |
| Min. Investment | $1,000,000 |
| Turnover | 32.00% |
| Dividend (ttm) | 0.58 |
| Dividend Yield | 1.74% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 33.28 |
| YTD Return | -0.63% |
| 1-Year Return | 16.77% |
| 5-Year Return | -29.22% |
| 52-Week Low | 28.28 |
| 52-Week High | 36.04 |
| Beta (5Y) | n/a |
| Holdings | 63 |
| Inception Date | Mar 16, 2012 |
About HSSIX
The Emerald Finance and Banking Innovation Fund – Institutional Class is a mutual fund focused on long-term capital appreciation by investing primarily in stocks of companies within the banking and broader financial services sector. The fund targets community banks, insurance companies, and other institutions intricately tied to financial innovation and the evolving landscape of financial services. Its portfolio is concentrated in small- and micro-cap stocks, with a majority of holdings in companies that are often underrepresented in large-cap indices, providing unique exposure to growth potential in niche segments of the financial industry. The fund allocates at least 80% of its assets to equities within this sector under normal conditions, ensuring strong alignment with its thematic focus. The Institutional Class is tailored for large-scale investors, featuring a higher minimum investment and an expense ratio that reflects active management. Serving as a specialized vehicle, the fund plays a role in offering diversification and targeted financial sector exposure to institutional portfolios, particularly those seeking to leverage trends in banking innovation and community-based finance initiatives.
Performance
HSSIX had a total return of 16.77% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.83%.
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 | $0.57668 | Jul 11, 2024 |
| Dec 14, 2021 | $5.70826 | Dec 15, 2021 |
| Dec 17, 2018 | $7.71473 | Dec 18, 2018 |
| Dec 18, 2017 | $1.28587 | Dec 19, 2017 |