Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/05/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
12.3%
1 yr return
39.0%
3 Yr Avg Return
-22.6%
5 Yr Avg Return
-1.6%
Net Assets
$50.3 M
Holdings in Top 10
34.7%
Expense Ratio 1.77%
Front Load 4.75%
Deferred Load N/A
Turnover 171.00%
Redemption Fee N/A
Standard (Taxable)
$2,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 11/05/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Emerald Finance and Banking Innovation 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 banking or financial services, and collective investment vehicles such as mutual funds and exchange-traded funds that invest in companies that are principally engaged in banking and financial services as denoted by being classified as within the Banks, Financial Services, Insurance or within the Transaction Processing Services SubSector (as determined by the Russell Industry Classification Benchmark). This requirement is applied at the time the Fund invests its assets. The Emerald Finance and Banking Innovation Fund’s policy to invest at least 80% of its assets in such a manner is non-fundamental, which means that it may be changed without shareholder approval.
The Fund can invest in companies from a wide range of industries and of various sizes. The Fund will invest primarily in mid and small-size companies, at the time of purchase. The Adviser typically defines mid and small-size companies as those having a market capitalization equal to or less than that of the largest companies in the Russell 2500 Index. As of July 1, 2024, the Russell 2500 Index included securities issued by companies that ranged in size between $18 million and $21.3 billion. Micro-cap stocks are not a principal investment strategy of the Fund. While the non-fundamental policy described above allows for the Fund to invest in companies that are principally engaged in either banking or financial services, the Fund has adopted a fundamental policy that it will invest not less than 25% of its net assets in securities of companies principally engaged in the banking industry and not less than 25% of its net assets in securities of companies principally engaged in the financial services industry. For purposes of this fundamental policy, a company is defined as being in the banking or financial services industries if such company is classified as within the Banks, Financial Services, Insurance or within the Transaction Processing Services SubSector (as determined by the Russell Industry Classification Benchmark).
Companies in the banking industry are defined to include U.S. and foreign commercial and industrial banking and savings institutions and their parent holding companies. Companies in the financial services industry are defined to include commercial and industrial finance companies, diversified financial services companies, investment banking, securities brokerage and investment advisory companies, mortgage real estate investment trusts, insurance and insurance holding companies, leasing companies, and companies engaged in financial technology-related activities including decentralized finance and distributed ledger technology.
Financial technology is the application of new technological advancements to products and services in the financial industry, seeking to improve and automate the delivery and use of financial services. Financial technology helps companies and consumers better manage their financial operations by utilizing specialized software. Financial technology companies compete with traditional financial methods in the delivery of financial services. Mobile banking, peer-to-peer lending, decentralized ledger technology and cryptocurrency are examples of financial technology.
The Fund may invest in stocks of special purpose acquisition companies (“SPACs”). The Fund does not target a particular form of SPAC, with the exception that the SPAC must have identified an acquisition target at or prior to the time of the Fund’s investment, and such target must be consistent with the ICB SuperSectors or SubSector outlined above.
Emerald Mutual Fund Advisers Trust (“Emerald” or the “Adviser”) applies the theme of innovation to these investment guidelines by pursuing companies that the Adviser believes are reinventing/redesigning existing products/services thereby generating value for their customers, creating a competitive advantage and driving business growth.
The Adviser utilizes a growth approach to choosing securities based upon fundamental research which attempts to identify companies whose earnings growth rate exceeds that of their peer group, exhibit a competitive advantage in niche markets, or do not receive significant coverage from other institutional investors.
The Fund generally sells investments when the Adviser concludes that better investment opportunities exist in other securities, the security is fully valued, or the issuer’s circumstances or the political or economic outlook have changed.
There are no limitations with respect to the type of REITs in which the Fund may invest.
At this time, the Fund will not invest directly in cryptocurrencies or initial coin offerings.
Period | HSSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 12.3% | 2.4% | 32.2% | 86.52% |
1 Yr | 39.0% | 7.9% | 59.1% | 73.03% |
3 Yr | -22.6%* | -23.7% | 16.3% | 97.75% |
5 Yr | -1.6%* | -6.6% | 21.0% | 96.63% |
10 Yr | 3.6%* | -1.0% | 14.6% | 95.89% |
* Annualized
Period | HSSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.6% | -12.2% | 29.3% | 12.36% |
2022 | -55.9% | -56.2% | 9.4% | 97.75% |
2021 | 24.3% | 1.6% | 54.4% | 66.29% |
2020 | 11.9% | -41.2% | 61.3% | 8.99% |
2019 | 20.6% | 10.5% | 97.3% | 70.79% |
Period | HSSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 12.3% | 2.4% | 32.2% | 86.52% |
1 Yr | 39.0% | 7.9% | 59.1% | 73.03% |
3 Yr | -22.6%* | -23.7% | 16.3% | 97.75% |
5 Yr | -1.6%* | -6.6% | 21.0% | 96.63% |
10 Yr | 3.6%* | -1.0% | 14.6% | 95.89% |
* Annualized
Period | HSSAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.6% | -8.5% | 32.0% | 25.84% |
2022 | -55.9% | -56.2% | 11.4% | 97.75% |
2021 | 39.1% | 18.8% | 56.8% | 19.10% |
2020 | 11.9% | -41.2% | 61.3% | 10.11% |
2019 | 20.6% | 15.1% | 101.7% | 85.39% |
HSSAX | Category Low | Category High | HSSAX % Rank | |
---|---|---|---|---|
Net Assets | 50.3 M | 1.21 M | 37.7 B | 77.78% |
Number of Holdings | 71 | 24 | 407 | 35.96% |
Net Assets in Top 10 | 18.4 M | 657 K | 21.2 B | 77.53% |
Weighting of Top 10 | 34.69% | 12.9% | 76.5% | 66.29% |
Weighting | Return Low | Return High | HSSAX % Rank | |
---|---|---|---|---|
Stocks | 97.95% | 92.97% | 100.72% | 69.66% |
Cash | 2.32% | 0.00% | 24.47% | 30.34% |
Other | 0.00% | -0.55% | 3.97% | 28.09% |
Preferred Stocks | 0.00% | 0.00% | 3.05% | 75.28% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 69.66% |
Bonds | 0.00% | 0.00% | 2.80% | 73.03% |
Weighting | Return Low | Return High | HSSAX % Rank | |
---|---|---|---|---|
Financial Services | 85.58% | 46.33% | 100.00% | 88.76% |
Technology | 11.33% | 0.00% | 43.13% | 5.62% |
Real Estate | 2.89% | 0.00% | 40.95% | 20.22% |
Healthcare | 0.20% | 0.00% | 0.20% | 4.49% |
Utilities | 0.00% | 0.00% | 0.00% | 69.66% |
Industrials | 0.00% | 0.00% | 5.08% | 77.53% |
Energy | 0.00% | 0.00% | 0.00% | 69.66% |
Communication Services | 0.00% | 0.00% | 4.06% | 71.91% |
Consumer Defense | 0.00% | 0.00% | 4.21% | 69.66% |
Consumer Cyclical | 0.00% | 0.00% | 42.54% | 74.16% |
Basic Materials | 0.00% | 0.00% | 0.00% | 69.66% |
Weighting | Return Low | Return High | HSSAX % Rank | |
---|---|---|---|---|
US | 97.95% | 0.00% | 100.72% | 44.94% |
Non US | 0.00% | 0.00% | 99.42% | 83.15% |
HSSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.77% | 0.08% | 13.33% | 24.72% |
Management Fee | 1.00% | 0.03% | 1.25% | 94.44% |
12b-1 Fee | 0.35% | 0.00% | 1.00% | 65.91% |
Administrative Fee | N/A | 0.10% | 0.25% | N/A |
HSSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 4.75% | 3.50% | 5.75% | 92.31% |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
HSSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
HSSAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 171.00% | 3.00% | 406.00% | 94.87% |
HSSAX | Category Low | Category High | HSSAX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.08% | 0.00% | 11.71% | 98.89% |
HSSAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
HSSAX | Category Low | Category High | HSSAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.18% | -0.76% | 10.57% | 83.15% |
HSSAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 14, 2021 | $5.594 | OrdinaryDividend |
Dec 17, 2018 | $7.715 | CapitalGainLongTerm |
Start Date
Tenure
Tenure Rank
Feb 18, 1997
25.3
25.3%
Mr. Mertz is Chief Investment Officer and President of Emerald Advisers, LLC and a member of the Small Cap Portfolio Management team. He is also a Co-Manager of the Emerald Banking & Finance Fund. Portfolio Manager, Emerald Financial Services Private Equity Fund I, LP.; past Trustee and Vice President of the Emerald Mutual Funds; Chief Investment Officer, PA State Employees’ Retirement System (1985-1992); Member, CFA Institute; past Member, Pennsylvania State University Research Foundation; past Trustee, Evangelical Lutheran Church in America Board of Pensions; past Trustee, Pennsylvania State University Endowment Council (1998-2004); and past Chair, President, & Director of Central Pennsylvania Investment Managers.
Start Date
Tenure
Tenure Rank
Mar 15, 2012
10.22
10.2%
Mr. Russell is an Assistant Vice President for Emerald and Assistant Vice President of Emerald Advisers, Inc. Prior to re-joining Emerald Advisers, Inc. in 2005, Mr. Russell founded a registered investment adviser and served as Managing Director of a private equity firm. Mr. Russell served as a portfolio manager and officer of Emerald Advisers, Inc. from 1998 to 2004. He has also served as a portfolio manager for the Pennsylvania Public School Employee’s Retirement System.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 25.42 | 9.61 | 4.58 |
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