Emerald Banking and Finance Instl (HSSIX)

35.22 +0.33  +0.95% Dec 6 USD
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Key Stats

Net Asset Value 35.22
Turnover Ratio 55.00%
1 Year Fund Level Flows -186.34M

Performance & Returns

  Total Return Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M 2.03% 1.75% 45
3M 9.48% 8.43% 50
6M 9.65% 9.28% 52
YTD 17.83% 25.96% 92
1Y 7.64% 17.26% 99
3Y 3.91% 8.39% 89
5Y 10.10% 8.46% 27
10Y 12.95% 10.51% --
15Y 4.98% 4.51% --
20Y 8.82% 6.52% --
As of Dec. 6, 2019. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 0.76% 0.76% 0.00%
Stock 99.24% 99.24% 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 Oct. 31, 2019

Region Exposure

Americas 100.0%
North America 100.0%
Latin America 0.00%
Greater Europe 0.00%
United Kingdom 0.00%
Europe Developed 0.00%
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 Oct. 31, 2019. Region breakdown data is calculated by using the long position holdings of the portfolio.

Stock Sector Exposure

Basic Materials 2.60%
Communication Services 0.53%
Consumer Cyclical 1.92%
Consumer Defensive 0.00%
Energy 0.00%
Financial Services 86.72%
Healthcare 0.00%
Industrials 0.02%
Real Estate 4.34%
Technology 3.86%
Utilities 0.00%
As of Oct. 31, 2019

Stock Market Capitalization

Giant 0.00%
Large 0.00%
Medium 5.01%
Small 41.75%
Micro 53.24%
As of Oct. 31, 2019

Stock Style Exposure

Large Cap Value 0.00%
Large Cap Blend 0.00%
Large Cap Growth 0.00%
Mid Cap Value 2.60%
Mid Cap Blend 0.00%
Mid Cap Growth 5.66%
Small Cap Value 15.91%
Small Cap Blend 55.18%
Small Cap Growth 20.65%
As of Oct. 31, 2019
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
TBK Triumph Bancorp Inc 3.87% 37.56 +2.54%
CASH Meta Financial Group Inc 3.70% 35.34 -0.17%
TBBK The Bancorp Inc 3.68% 11.57 +0.96%
MCB Metropolitan Bank Holding Corp 3.64% 46.84 +3.56%
BSVN Bank7 Corp 3.34% 18.85 -0.95%
ESQ Esquire Financial Holdings Inc 3.16% 25.10 +4.67%
SFBS Servisfirst Bancshares Inc 3.16% 36.98 +0.68%
AMTB Amerant Bancorp Inc Ordinary Shares - Class A 3.15% 21.58 +1.36%
IIPR Innovative Industrial Properties Inc Registered Shs 2.47% 73.09 +0.76%
KL.TO Kirkland Lake Gold Ltd 2.42% 53.61 -0.78%
As of Oct. 31, 2019
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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
Reports
One Page Report Download

Manager Info

Name Tenure
Kenneth Mertz 22.55 yrs
Steven Russell 7.47 yrs

Share Classes

Symbol Share Class
FFBFX Inv
HSSAX A
HSSCX C

Net Fund Flows

1M -10.30M
3M -29.07M
6M -70.41M
YTD -145.09M
1Y -186.34M
3Y -117.66M
5Y 55.69M
10Y 100.79M
As of Nov. 30, 2019

Risk Info

Beta (5Y) 0.97
Historical Sharpe Ratio (10Y) 0.9005
Historical Sortino (All) 0.7851
Daily Value at Risk (VaR) 1% (All) 2.52%
Monthly Value at Risk (VaR) 1% (All) 12.25%

Fundamentals

Dividend Yield TTM (12-6-19) 0.00%
30-Day SEC Yield --
7-Day SEC Yield --
Weighted Average PE Ratio 14.65
Weighted Average Price to Sales Ratio 2.739
Weighted Average Price to Book Ratio 1.518
Weighted Median ROE 11.14%
Weighted Median ROA 1.95%
Forecasted Dividend Yield 1.47%
Forecasted PE Ratio 12.44
Forecasted Price to Sales Ratio 2.419
Forecasted Price to Book Ratio 1.490
Number of Holdings 78
As of Oct. 31, 2019

Growth Estimates

Forecasted 5 Yr Earnings Growth 11.00%
Forecasted Book Value Growth 12.49%
Forecasted Cash Flow Growth 32.12%
Forecasted Earnings Growth 23.94%
Forecasted Revenue Growth 2.21%
As of Oct. 31, 2019

Comparables

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Attributes

Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment 1.00M USD
Minimum Subsequent Investment 0.00 USD
Fees
Actual 12B-1 Fee 0.00%
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 3/19/2012
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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