Emerald Banking and Finance Investor (FFBFX)

23.81 +0.97  +4.25% Jun 3 USD
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Key Stats

Net Asset Value 23.81
Turnover Ratio 55.00%
1 Year Fund Level Flows -126.00M

Performance & Returns

  Total Return Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M 13.33% 13.82% 59
3M -19.29% -9.94% 96
6M -25.24% -17.02% 89
YTD -28.13% -20.28% 82
1Y -18.26% -8.66% 91
3Y -7.66% 0.07% 92
5Y 1.59% 3.26% 70
10Y 7.73% 7.67% 54
15Y 2.78% 3.24% --
20Y 7.04% 4.89% --
As of June 3, 2020. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 0.79% 1.40% 0.61%
Stock 99.21% 99.21% 0.00%
Bond 0.00% 0.00% 0.00%
Convertible 0.00% 0.00% 0.00%
Preferred 0.00% 0.00% 0.00%
Other 0.00% 0.00% 0.00%
As of March 31, 2020

Region Exposure

Americas 99.73%
North America 99.73%
Latin America 0.00%
Greater Europe 0.27%
United Kingdom 0.00%
Europe Developed 0.27%
Europe Emerging 0.00%
Africa/Middle East 0.00%
Greater Asia 0.00%
Japan 0.00%
Australasia 0.00%
Asia Developed 0.00%
Asia Emerging 0.00%
Market Classification
% Developed Markets 100.0%
% Emerging Markets 0.00%
As of March 31, 2020. Region breakdown data is calculated by using the long position holdings of the portfolio.

Stock Sector Exposure

Basic Materials 0.00%
Communication Services 0.27%
Consumer Cyclical 4.57%
Consumer Defensive 0.00%
Energy 0.00%
Financial Services 77.83%
Healthcare 0.00%
Industrials 0.00%
Real Estate 14.12%
Technology 3.22%
Utilities 0.00%
As of March 31, 2020

Stock Market Capitalization

Giant 0.00%
Large 1.22%
Medium 6.83%
Small 45.02%
Micro 46.92%
As of March 31, 2020

Stock Style Exposure

Large Cap Value 0.00%
Large Cap Blend 0.00%
Large Cap Growth 1.48%
Mid Cap Value 6.18%
Mid Cap Blend 0.56%
Mid Cap Growth 1.54%
Small Cap Value 17.33%
Small Cap Blend 39.80%
Small Cap Growth 33.11%
As of March 31, 2020
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
IIPR Innovative Industrial Properties Inc Registered Shs 4.89% 91.12 +1.00%
CNNE Cannae Holdings Inc Ordinary Shares 4.54% 35.68 -0.89%
MCB Metropolitan Bank Holding Corp 4.47% 31.49 -0.03%
TBK Triumph Bancorp Inc 4.42% 25.01 +1.17%
CASH Meta Financial Group Inc 3.98% 19.38 +0.16%
ESQ Esquire Financial Holdings Inc 3.91% 17.00 +3.47%
AMTB Amerant Bancorp Inc Ordinary Shares - Class A 3.88% 13.45 +4.26%
PFHD Professional Holding Corp A 3.47% 15.10 +7.63%
TBBK The Bancorp Inc 3.47% 8.95 -0.11%
BSVN Bank7 Corp 2.91% 10.13 +3.90%
As of March 31, 2020
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Basic Info

Investment Strategy
The investment seeks long-term growth through capital appreciation; income is a secondary objective. The fund has adopted an investment policy that it will, under normal conditions, invest at least 80% of the value of its assets (net assets plus the amount of any borrowings for investment purposes) in stocks (both common and preferred) of companies principally engaged in the banking or financial services industries. It will usually emphasize small or medium market capitalization companies: those with a market capitalization of less than $1.5 billion.
General
Security Type Mutual Fund
Oldest Share Symbol HSSAX
Equity Style Small Cap/Blend
Fixed Income Style --
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Financial
Prospectus Objective Specialty - Financial
Fund Owner Firm Name Emerald
Benchmark Index
Russell 2000 TR USD 100.0%
Reports
One Page Report Download

Manager Info

Name Tenure
Kenneth Mertz 23.21 yrs
Steven Russell 8.13 yrs

Share Classes

Symbol Share Class
HSSAX A
HSSCX C
HSSIX Inst

Net Fund Flows

1M -5.940M
3M -32.71M
6M -55.59M
YTD -45.36M
1Y -126.00M
3Y -237.62M
5Y -4.621M
10Y 46.26M
As of May 31, 2020

Risk Info

Beta (5Y) 1.217
Historical Sharpe Ratio (10Y) 0.4288
Historical Sortino (All) 0.3522
Daily Value at Risk (VaR) 1% (All) 3.71%
Monthly Value at Risk (VaR) 1% (All) 16.68%

Fundamentals

Dividend Yield TTM (6-3-20) 0.00%
30-Day SEC Yield --
7-Day SEC Yield --
Weighted Average PE Ratio 9.134
Weighted Average Price to Sales Ratio 1.947
Weighted Average Price to Book Ratio 0.9334
Weighted Median ROE 8.46%
Weighted Median ROA 1.89%
Forecasted Dividend Yield 2.89%
Forecasted PE Ratio 7.833
Forecasted Price to Sales Ratio 1.824
Forecasted Price to Book Ratio 0.7988
Number of Holdings 87
As of March 31, 2020

Growth Estimates

Forecasted 5 Yr Earnings Growth 8.84%
Forecasted Book Value Growth 12.10%
Forecasted Cash Flow Growth -10.43%
Forecasted Earnings Growth 19.89%
Forecasted Revenue Growth 7.33%
As of March 31, 2020

Comparables

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Attributes

Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment 2000.00 USD
Minimum Subsequent Investment 100.00 USD
Fees
Actual 12B-1 Fee 0.25%
Actual Management Fee 0.92%
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
Key Dates
Inception Date 3/16/2010
Termination Date
Last Annual Report Date 4/30/2019
Last Prospectus Date 8/31/2019
Attributes
Exchange Traded Share No
Exchange Traded Note No
Enhanced Index Fund No
Fixed Distribution Fund No
High-Net Worth Individual Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
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