About LSEIX
The Persimmon Long/Short Fund Class I Shares is a U.S.-based mutual fund designed to pursue long-term capital appreciation through an actively managed long/short equity strategy. The fund invests primarily in U.S. exchange-listed equities, including common stocks, preferred stocks, and depositary receipts, maintaining at least 70% allocation to these instruments under normal market conditions. It holds a diversified portfolio across major sectors, with notable allocations to leading companies such as Apple, Microsoft, NVIDIA, and Amazon. The fund employs a three-pronged approach: selecting individual securities for potential outperformance, hedging against broad market downturns by taking short positions (often via exchange-traded funds), and aiming to minimize the tax impact of distributions for shareholders. This structure allows the fund to seek returns from both rising and falling equity markets, making it a versatile option for investors looking for exposure to U.S. equities with an added layer of risk management and tax efficiency. Managed by an experienced team since 2012, the fund plays a strategic role in portfolios seeking diversification beyond traditional long-only equity exposure.
Fund Family Persimmon Funds
Category Options Trading
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol LSEIX
Share Class Class I Shares
Index Index is not available on Lipper Database
LSEIX had a total return of 13.20% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.28%.
