Emerald Banking & Finance Evolution Fund - Institutional (HSSIX)

Fund Assets	41.70M
Expense Ratio	1.401%
Min. Investment	$1,000,000
Turnover	63.00%
Dividend (ttm)	n/a
Dividend Yield	n/a
Dividend Growth	n/a
Payout Frequency	n/a
Ex-Dividend Date	n/a

Previous Close	32.37
YTD Return	-1.31%
1-Year Return	-1.55%
5-Year Return	-37.32%
52-Week Low	29.07
52-Week High	37.08
Beta (5Y)	1.47
Holdings	58
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.

• Fund Family: Emerald
• Category: Financial
• Performance Rating: Low
• Risk Rating: High
• Stock Exchange: Nasdaq
• Ticker Symbol: HSSIX
• Share Class: Institutional Class
• Index: Russell 2000 TR

Performance

HSSIX had a total return of -1.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.52%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FFBFX	Investor Class	1.78%
HSSAX	Class A	1.84%
HSSCX	Class C	2.46%

Top 10 Holdings

41.78% of assets

Name	Symbol	Weight
Esquire Financial Holdings, Inc.	ESQ	4.92%
Axos Financial, Inc.	AX	4.63%
The Bancorp, Inc.	TBBK	4.54%
Customers Bancorp, Inc.	CUBI	4.40%
Happen, Inc.	HAPN	4.22%
Metropolitan Bank Holding Corp.	MCB	4.13%
Northeast Bank	NBN	4.11%
Pathward Financial, Inc.	CASH	3.89%
Neptune Insurance Holdings Inc.	NP	3.60%
Enova International, Inc.	ENVA	3.33%

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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