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Trending ETFs

Persimmon Long/Short Fund

mutual fund
LSEIX
Payout Change
Pending
Price as of:
$15.62 +0.1 +0.64%
primary theme
Long-Short Equity
share class
LSEIX (Mutual Fund)

Persimmon Long/Short Fund

Payout Change
Pending
Price as of:
$15.62 +0.1 +0.64%
primary theme
Long-Short Equity
share class
LSEIX (Mutual Fund)

Persimmon Long/Short Fund

Payout Change
Pending
Price as of:
$15.62 +0.1 +0.64%
primary theme
Long-Short Equity
share class

Name

As of 10/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$15.62

$41.5 M

0.00%

2.10%

Vitals

YTD Return

18.4%

1 yr return

30.6%

3 Yr Avg Return

9.2%

5 Yr Avg Return

9.4%

Net Assets

$41.5 M

Holdings in Top 10

38.8%

52 WEEK LOW AND HIGH

$15.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.10%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 6.00%

Redemption Fee 1.00%


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$15.62

$41.5 M

0.00%

2.10%

LSEIX - Profile

Distributions

  • YTD Total Return 18.4%
  • 3 Yr Annualized Total Return 9.2%
  • 5 Yr Annualized Total Return 9.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.70%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Persimmon Long/Short Fund
  • Fund Family Name
    Persimmon Funds
  • Inception Date
    Dec 31, 2012
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Gregory Horn

Fund Description

In pursuing the Fund’s investment objective, the Adviser uses three strategies: (i) selecting individual equity securities, (ii) hedging to mitigate the downside risk of equities during unfavorable markets, and (iii) seeking to minimize shareholders’ tax liability in connection with the Fund’s distribution of realized capital gains.

Equity Instruments

Under normal market conditions, the Fund pursues its investment objective by investing at least 60% of its net assets in U.S. exchange listed common stock, preferred stock and depositary receipts (“Equity Instruments”). The Fund may invest in or have exposure to domestic and foreign companies of any market capitalization or sector. The Adviser primarily selects long equity positions from companies in the S&P 500 Index.

Hedging

When the Adviser believes it is warranted by unfavorable market conditions, the Adviser uses its dynamic hedging strategy model to seek to reduce the downside risks associated with the Fund’s exposure to Equity Instruments. Exposure to the hedging strategy is gained through selling short exchange-traded funds.

The Fund expects to have net long exposure to equity markets. The Adviser uses the hedge strategy as an overlay to manage the Fund’s net exposure.

Tax Management

The Adviser seeks to minimize shareholders’ tax liability in connection with the Fund’s distribution of realized capital gain by minimizing the net gains available for distribution. As part of its tax aware strategy, the Adviser seeks to sell any security that has breached a predetermined loss level. Thus, it seeks to accumulate capital losses to partially offset any realized capital gains. This strategy, commonly known as tax-loss harvesting, is combined with the equity portfolio with the objective of creating favorable after-tax returns. However, the Fund’s portfolio may not contain any securities in a loss position. The Adviser may use an exchange-traded fund (“ETF”) as a temporary substitute for an individual Equity Instrument or group of Equity Instruments.

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LSEIX - Performance

Return Ranking - Trailing

Period LSEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.4% -13.5% 35.3% 15.69%
1 Yr 30.6% -11.9% 43.0% 9.15%
3 Yr 9.2%* -11.4% 27.2% 21.90%
5 Yr 9.4%* -2.5% 23.9% 30.40%
10 Yr 5.8%* -4.3% 10.4% 38.89%

* Annualized

Return Ranking - Calendar

Period LSEIX Return Category Return Low Category Return High Rank in Category (%)
2023 15.7% -17.3% 43.8% 10.46%
2022 -10.0% -54.0% 17.4% 53.62%
2021 14.7% -40.0% 54.1% 25.76%
2020 8.1% -47.6% 88.4% 32.54%
2019 4.0% -20.3% 62.6% 77.31%

Total Return Ranking - Trailing

Period LSEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.4% -13.5% 35.3% 15.69%
1 Yr 30.6% -11.9% 43.0% 9.15%
3 Yr 9.2%* -11.4% 27.2% 21.90%
5 Yr 9.4%* -2.5% 23.9% 30.40%
10 Yr 5.8%* -4.3% 10.4% 38.89%

* Annualized

Total Return Ranking - Calendar

Period LSEIX Return Category Return Low Category Return High Rank in Category (%)
2023 15.7% -14.5% 43.8% 20.92%
2022 -10.0% -54.0% 50.3% 70.29%
2021 14.7% -40.0% 61.6% 43.18%
2020 8.1% -29.9% 91.0% 44.44%
2019 5.3% -17.9% 79.4% 79.83%

NAV & Total Return History


LSEIX - Holdings

Concentration Analysis

LSEIX Category Low Category High LSEIX % Rank
Net Assets 41.5 M 1.08 M 6.67 B 76.47%
Number of Holdings 378 3 2209 18.30%
Net Assets in Top 10 15.6 M 625 K 2.41 B 83.01%
Weighting of Top 10 38.80% 2.1% 101.8% 60.13%

Top 10 Holdings

  1. MICROSOFT CORP 8.25%
  2. APPLE INC 7.74%
  3. NVIDIA CORP 5.38%
  4. AMAZON.COM INC 3.98%
  5. FRST AM-GV OB-X 3.18%
  6. ALPHABET INC-A 2.57%
  7. ALPHABET INC-C 2.26%
  8. BERKSHIRE HATH-B 2.09%
  9. ELI LILLY CO 1.71%
  10. BROADCOM INC 1.63%

Asset Allocation

Weighting Return Low Return High LSEIX % Rank
Stocks
97.58% 0.00% 100.92% 4.58%
Cash
3.18% 0.00% 99.60% 88.24%
Preferred Stocks
0.00% -1.01% 6.36% 60.13%
Other
0.00% -48.19% 99.35% 64.71%
Convertible Bonds
0.00% -0.02% 4.48% 54.48%
Bonds
0.00% 0.00% 90.68% 70.59%

Stock Sector Breakdown

Weighting Return Low Return High LSEIX % Rank
Technology
25.42% 0.00% 43.24% 11.29%
Financial Services
13.69% 0.00% 83.83% 50.81%
Healthcare
13.56% 0.00% 100.00% 64.52%
Consumer Cyclical
11.54% 0.00% 88.83% 32.26%
Communication Services
9.27% 0.00% 32.32% 23.39%
Industrials
8.38% 0.00% 31.93% 63.71%
Consumer Defense
6.55% 0.00% 19.75% 45.97%
Energy
3.84% 0.00% 32.57% 55.65%
Utilities
2.82% 0.00% 21.71% 38.71%
Real Estate
2.58% 0.00% 10.93% 32.26%
Basic Materials
2.35% 0.00% 28.58% 62.90%

Stock Geographic Breakdown

Weighting Return Low Return High LSEIX % Rank
US
97.58% 0.00% 100.92% 4.58%
Non US
0.00% -3.42% 69.12% 64.05%

LSEIX - Expenses

Operational Fees

LSEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.10% 0.42% 8.51% 50.33%
Management Fee 1.25% 0.00% 2.50% 55.56%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 1.54% 43.13%

Sales Fees

LSEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

LSEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.50% 2.00% 61.90%

Related Fees

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.

LSEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 6.00% 0.00% 446.00% 11.76%

LSEIX - Distributions

Dividend Yield Analysis

LSEIX Category Low Category High LSEIX % Rank
Dividend Yield 0.00% 0.00% 27.22% 88.16%

Dividend Distribution Analysis

LSEIX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Annual Annual

Net Income Ratio Analysis

LSEIX Category Low Category High LSEIX % Rank
Net Income Ratio -0.70% -3.33% 2.16% 47.02%

Capital Gain Distribution Analysis

LSEIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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LSEIX - Fund Manager Analysis

Managers

Gregory Horn


Start Date

Tenure

Tenure Rank

Dec 31, 2012

9.42

9.4%

Mr. Horn founded Persimmon Capital Management, LP in December of 1998 to provide investment consulting services to family offices, high net worth families, foundations and endowments. The Persimmon investment approach has consistently deployed capital to alternative investment strategies and Persimmon serves as investment advisor to both a Hedge Fund of Funds and an alternative mutual fund. In 1999, Mr. Horn also founded ADVISORport, Inc., (which was renamed PNC Managed Investments Inc., a PNC Financial subsidiary after acquisition in 2003). The platform provided technology and operational infrastructure outsourcing services to enterprise financial services companies such as Charles Schwab, SunTrust, and Nationwide. Assets under administration while at PNC Managed Investments grew from $400 million in 1999 to over $100 billion, and was subsequently acquired by Pershing and merged with Lockwood Financial under the Bank of New York Mellon corporate umbrella.

Timothy Melly


Start Date

Tenure

Tenure Rank

Jun 30, 2015

6.92

6.9%

Mr. Melly is Portfolio Manager and Vice President of Research of Persimmon Capital Management since 2014. Prior to joining Persimmon, Mr. Melly served as Director of Investment Research at M Financial Planning Group from 2005 to 2014. In 2005, Mr. Melly was employed with SEI Investments where he supported the private wealth management division. Previous to SEI, Mr. Melly served as a research analyst for Hirtle Callaghan and Associates. Mr. Melly is a graduate of Drexel University, where he received two bachelor’s degrees in Finance and Economics. Mr. Melly also holds the Chartered Financial Analyst® designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 23.55 6.04 7.93