Emerald Banking and Finance Instl (HSSIX)

25.47 +0.77  +3.12% Jul 10 USD
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Key Stats

Net Asset Value 25.47
Turnover Ratio 55.00%
1 Year Fund Level Flows -133.02M

Performance & Returns

  Total Return Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M -6.87% -7.08% 51
3M 10.40% 4.32% 17
6M -28.70% -23.80% 74
YTD -29.56% -24.02% 74
1Y -24.20% -18.25% 70
3Y -8.97% -3.34% 76
5Y 0.55% 2.01% 66
10Y 8.63% 7.26% --
15Y 2.69% 2.62% --
20Y 7.33% 4.77% --
As of July 10, 2020. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 1.49% 1.58% 0.08%
Stock 98.51% 98.51% 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 May 31, 2020

Region Exposure

Americas 100.0%
North America 99.76%
Latin America 0.24%
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 May 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 0.00%
Consumer Cyclical 3.87%
Consumer Defensive 0.00%
Energy 0.00%
Financial Services 74.11%
Healthcare 0.00%
Industrials 0.90%
Real Estate 16.39%
Technology 4.74%
Utilities 0.00%
As of May 31, 2020

Stock Market Capitalization

Giant 0.00%
Large 0.67%
Medium 14.05%
Small 50.23%
Micro 35.05%
As of May 31, 2020

Stock Style Exposure

Large Cap Value 0.00%
Large Cap Blend 0.00%
Large Cap Growth 0.80%
Mid Cap Value 8.77%
Mid Cap Blend 6.17%
Mid Cap Growth 1.98%
Small Cap Value 34.83%
Small Cap Blend 31.37%
Small Cap Growth 16.06%
As of May 31, 2020
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
TBBK The Bancorp Inc 4.91% 8.61 +0.82%
CNNE Cannae Holdings Inc Ordinary Shares 3.81% 39.57 -2.01%
SFBS Servisfirst Bancshares Inc 3.37% 33.43 +0.97%
BSVN Bank7 Corp 3.10% 10.11 +1.00%
RPAY Repay Holdings Corp Ordinary Shares - Class A 3.08% 24.35 -5.33%
ECN.TO ECN Capital Corp 3.07% 4.43 +3.26%
TBK Triumph Bancorp Inc 3.05% 23.41 +0.00%
TSC TriState Capital Holdings Inc 2.60% 13.96 +1.75%
SI Silvergate Capital Corp Class A 2.34% 13.28 +0.91%
PFSI PennyMac Financial Services Inc Class A 2.32% 40.37 -1.85%
As of May 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/Value
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 23.38 yrs
Steven Russell 8.30 yrs

Share Classes

Symbol Share Class
FFBFX Inv
HSSAX A
HSSCX C

Net Fund Flows

1M -22.42M
3M -36.86M
6M -67.78M
YTD -67.78M
1Y -133.02M
3Y -256.44M
5Y -42.01M
10Y 23.93M
As of June 30, 2020

Risk Info

Beta (5Y) 1.250
Historical Sharpe Ratio (10Y) 0.5072
Historical Sortino (All) 0.3593
Daily Value at Risk (VaR) 1% (All) 3.54%
Monthly Value at Risk (VaR) 1% (All) 24.51%

Fundamentals

Dividend Yield TTM (7-10-20) 0.00%
30-Day SEC Yield --
7-Day SEC Yield --
Weighted Average PE Ratio 8.998
Weighted Average Price to Sales Ratio 1.871
Weighted Average Price to Book Ratio 0.9527
Weighted Median ROE 7.59%
Weighted Median ROA 2.63%
Forecasted Dividend Yield 5.07%
Forecasted PE Ratio 9.738
Forecasted Price to Sales Ratio 0.8206
Forecasted Price to Book Ratio 0.7905
Number of Holdings 105
As of May 31, 2020

Growth Estimates

Forecasted 5 Yr Earnings Growth 10.40%
Forecasted Book Value Growth 7.49%
Forecasted Cash Flow Growth -14.44%
Forecasted Earnings Growth 14.29%
Forecasted Revenue Growth 8.80%
As of May 31, 2020

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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