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Name

As of 11/25/2024

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

Emerald Growth Fund

FGROX | Fund

$29.65

$982 M

0.92%

$0.27

0.82%

Vitals

YTD Return

28.4%

1 yr return

43.2%

3 Yr Avg Return

4.6%

5 Yr Avg Return

11.5%

Net Assets

$982 M

Holdings in Top 10

20.8%

52 WEEK LOW AND HIGH

$29.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.82%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 66.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/25/2024

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

Emerald Growth Fund

FGROX | Fund

$29.65

$982 M

0.92%

$0.27

0.82%

FGROX - Profile

Distributions

  • YTD Total Return 28.4%
  • 3 Yr Annualized Total Return 4.6%
  • 5 Yr Annualized Total Return 11.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.41%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Emerald Growth Fund
  • Fund Family Name
    Financial Investors Trust
  • Inception Date
    Oct 21, 2008
  • Shares Outstanding
    29599163
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kenneth Mertz

Fund Description

Under normal conditions, the Fund invests in equity securities of U.S. and foreign companies, principally common stocks and preferred stocks.

The Fund utilizes a fundamental approach to choosing securities: the research staff of Emerald conducts company-specific research analysis, taking into account a company’s revenue and earnings growth rates and the financial, operating, and market characteristics that distinguish a company from other companies.

The Fund can invest in companies from a wide range of industries and of market capitalizations. The Fund may emphasize investments in smaller companies, which are defined by the Adviser as those having a market capitalization equal to or less than that of the largest companies in the Russell 2000 Index. As of September 30, 2024, the Russell 2000 Index included securities issued by companies that ranged in size between $9 million and $15.9 billion.

The Fund may also invest in the other investment companies, principally money market funds, exchange-traded funds (“ETFs”), unit investment trusts, closed-end funds, and business development companies. The Fund intends to invest a portion of these assets in the securities of affiliated ETFs advised or sub-advised by the Adviser (each, an “Underlying ETF”). The Fund does not have a policy with respect to investing a certain portion of its assets in any particular sector, but may emphasize investments in the healthcare, technology, and industrial sectors.

While the Fund may directly invest in the securities of companies within the healthcare sector, the Adviser intends for the Fund to gain exposure to the healthcare sector in part through the use of such Underlying ETFs, primarily the F/m Emerald Life Sciences Innovation ETF (the “Life Sciences ETF”). The Fund does not have a policy with respect to the amount of the Fund’s portfolio that will be allocated to the Life Sciences ETF, but generally the Adviser expects approximately 5% of the Fund’s portfolio to be allocated to the Life Sciences ETF, calculated at the time of investment.

The Fund invests in foreign companies directly and through American Depository Receipts (“ADRs”).

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.

Read More

FGROX - Performance

Return Ranking - Trailing

Period FGROX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.4% 0.6% 124.6% 21.77%
1 Yr 43.2% 5.9% 121.9% 18.63%
3 Yr 4.6%* -15.9% 61.5% 17.38%
5 Yr 11.5%* -2.7% 48.1% 25.44%
10 Yr 9.9%* 2.1% 25.2% 39.90%

* Annualized

Return Ranking - Calendar

Period FGROX Return Category Return Low Category Return High Rank in Category (%)
2023 12.2% -20.5% 54.6% 66.85%
2022 -29.7% -82.1% 32.2% 50.09%
2021 -12.3% -90.6% 300.1% 61.70%
2020 28.4% -63.0% 127.9% 50.68%
2019 26.9% -7.7% 42.9% 28.17%

Total Return Ranking - Trailing

Period FGROX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.4% 0.6% 124.6% 21.77%
1 Yr 43.2% 5.9% 121.9% 18.63%
3 Yr 4.6%* -15.9% 61.5% 17.38%
5 Yr 11.5%* -2.7% 48.1% 25.44%
10 Yr 9.9%* 2.1% 25.2% 39.90%

* Annualized

Total Return Ranking - Calendar

Period FGROX Return Category Return Low Category Return High Rank in Category (%)
2023 19.1% -19.0% 136.8% 26.85%
2022 -24.5% -59.9% 44.3% 29.53%
2021 4.0% -22.7% 411.9% 75.09%
2020 38.9% 1.5% 150.8% 46.97%
2019 28.7% 5.5% 55.3% 50.70%

NAV & Total Return History

FGROX - Holdings

Concentration Analysis

FGROX Category Low Category High FGROX % Rank
Net Assets 982 M 209 K 34.3 B 40.04%
Number of Holdings 123 7 1226 31.00%
Net Assets in Top 10 215 M 53.8 K 3.24 B 44.83%
Weighting of Top 10 20.75% 7.5% 100.0% 56.75%

Top 10 Holdings

  1. FTAI Aviation Ltd 3.32%
  2. Carpenter Technology Corp. 2.76%
  3. Freshpet, Inc. 2.56%
  4. Insmed, Inc. 1.83%
  5. Palomar Holdings, Inc. 1.77%
  6. Varonis Systems, Inc. 1.76%
  7. Credo Technology Group Holding, Ltd. 1.73%
  8. ATI, Inc. 1.73%
  9. TransMedics Group, Inc. 1.66%
  10. Chart Industries, Inc. 1.64%

Asset Allocation

Weighting Return Low Return High FGROX % Rank
Stocks 		98.17% 90.19% 107.62% 49.08%
Cash 		1.83% 0.00% 28.78% 52.40%
Preferred Stocks 		0.00% 0.00% 4.63% 19.37%
Other 		0.00% -0.26% 6.70% 36.16%
Convertible Bonds 		0.00% 0.00% 1.57% 9.23%
Bonds 		0.00% 0.00% 2.40% 10.52%

Stock Sector Breakdown

Weighting Return Low Return High FGROX % Rank
Technology 		21.55% 2.91% 75.51% 69.56%
Healthcare 		20.33% 0.00% 47.90% 68.45%
Consumer Cyclical 		17.37% 0.00% 24.04% 9.78%
Industrials 		15.96% 0.00% 36.64% 62.92%
Financial Services 		12.80% 0.00% 42.95% 17.90%
Consumer Defense 		4.94% 0.00% 13.56% 29.34%
Energy 		1.92% 0.00% 55.49% 60.15%
Basic Materials 		1.78% 0.00% 9.24% 63.84%
Communication Services 		1.40% 0.00% 15.31% 64.02%
Utilities 		1.17% 0.00% 5.57% 12.18%
Real Estate 		0.79% 0.00% 15.31% 64.76%

Stock Geographic Breakdown

Weighting Return Low Return High FGROX % Rank
US 		98.17% 17.30% 107.62% 42.62%
Non US 		0.00% 0.00% 77.12% 30.44%

FGROX - Expenses

Operational Fees

FGROX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.05% 23.20% 87.99%
Management Fee 0.61% 0.05% 1.62% 12.01%
12b-1 Fee N/A 0.00% 1.00% 11.42%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

FGROX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FGROX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

FGROX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 66.00% 3.00% 264.00% 60.21%

FGROX - Distributions

Dividend Yield Analysis

FGROX Category Low Category High FGROX % Rank
Dividend Yield 0.92% 0.00% 6.91% 23.62%

Dividend Distribution Analysis

FGROX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

FGROX Category Low Category High FGROX % Rank
Net Income Ratio -0.41% -2.47% 1.10% 21.64%

Capital Gain Distribution Analysis

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

Distributions History

View More +

FGROX - Fund Manager Analysis

Managers

Kenneth Mertz

Start Date

Tenure

Tenure Rank

Oct 01, 1992

29.68

29.7%

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.

Stacey Sears

Start Date

Tenure

Tenure Rank

Jan 31, 2002

20.34

20.3%

Ms. Sears is Senior Vice President and a senior member of the Small Cap Portfolio Management team, working directly with the research team, interacting with team members across economic sectors and helping guide the day-to-day portfolio management decision-making process. Sears was employed by the Advisor’s parent company from 1992 to 2001, holding a variety of positions including investment analyst. Ms. Sears is also responsible for portfolio risk monitoring, portfolio attribution analysis, as well as Emerald’s portfolio management-related client communications. From a research perspective, Ms. Sears maintains research coverage of the Retail, Apparel, Restaurant, Consumer Goods and Consumer Technology companies. She has been quoted in Fortune, Money, the Dow Jones News Service and various regional newspapers. Ms. Sears received a BS in Business Administration from Millersville University and an MBA from Villanova University.

Joseph Garner

Start Date

Tenure

Tenure Rank

May 01, 2006

16.09

16.1%

Mr. Garner is Director of Research and a member of the Small Cap Portfolio Management team. Mr. Garner’s research efforts are focused on small and mid-sized firms in the Business Services, Capital Goods, Consumer, Financial Services, and Technology sectors. In 1997, he was named as a “Home-Run Hitter” by Institutional Investor magazine, and has appeared on Bloomberg Television and CNBC. He also has been quoted in Fortune, Bloomberg Business News, USA Today, Dow Jones News Service, Standard & Poor’s, MarketWatch, Investor’s Business Daily, Wall Street Journal, and other media. Mr. Garner serves as a Director for the Millersville University Foundation and Chairman of the Investment Committee and previously served as the President of the Board of Directors for the Foundation. Prior to joining Emerald, Mr. Garner was the Program Manager of the PA Economic Development Financing Authority (PEDFA) and an Economic Development Analyst with the PA Department of Commerce’s Office of Technology Development. Mr. Garner received an MBA from the Katz Graduate School of Business, University of Pittsburgh, and graduated magna cum laude with a BA in Economics from Millersville University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.44 9.15 5.25

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