Persimmon Long/Short Fund Class I Shares (LSEIX)
| Fund Assets | 39.53M |
| Expense Ratio | 1.92% |
| Min. Investment | $100,000 |
| Turnover | 449.00% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 15.97 |
| YTD Return | 4.07% |
| 1-Year Return | 8.19% |
| 5-Year Return | 61.10% |
| 52-Week Low | 13.88 |
| 52-Week High | 16.11 |
| Beta (5Y) | n/a |
| Holdings | 380 |
| Inception Date | Dec 31, 2012 |
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.
Performance
LSEIX had a total return of 8.19% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.46%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VMNVX | Vanguard | Vanguard Global Minimum Volatility Fund Admiral Shares | 0.14% |
Top 10 Holdings
35.13% of assets| Name | Symbol | Weight |
|---|---|---|
| Apple Inc. | AAPL | 8.26% |
| Microsoft Corporation | MSFT | 7.01% |
| NVIDIA Corporation | NVDA | 4.77% |
| Amazon.com, Inc. | AMZN | 3.96% |
| Alphabet Inc. | GOOGL | 2.20% |
| Berkshire Hathaway Inc. | BRK.B | 1.99% |
| Alphabet Inc. | GOOG | 1.94% |
| Broadcom Inc. | AVGO | 1.72% |
| First American Government Obligations Fund | FGXXX | 1.69% |
| Eli Lilly and Company | LLY | 1.58% |