HSSAX: Emerald Banking and Finance Fund - MutualFunds.com
Continue to site >
Trending ETFs

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Emerald Banking and Finance A

HSSAX - Snapshot

Vitals

  • YTD Return 20.2%
  • 3 Yr Annualized Return 9.2%
  • 5 Yr Annualized Return 16.2%
  • Net Assets $245 M
  • Holdings in Top 10 40.2%

52 WEEK LOW AND HIGH

$47.02
$25.58
$55.13

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.48%

SALES FEES

  • Front Load 4.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 171.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000
  • IRA N/A

Fund Classification


Compare HSSAX to Popular Financials Sector Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$36.26

+0.17%

$40.81 B

1.60%

$0.58

23.71%

0.12%

$89.27

+0.25%

$11.58 B

1.78%

$1.58

23.24%

0.10%

$44.75

+0.25%

$11.58 B

1.78%

$0.79

22.64%

0.10%

$61.96

+0.85%

$5.12 B

2.30%

$1.42

20.25%

0.35%

$48.80

+0.56%

$3.37 B

2.35%

$1.14

17.67%

0.35%

HSSAX - Profile

Distributions

  • YTD Total Return 20.2%
  • 3 Yr Annualized Total Return 7.4%
  • 5 Yr Annualized Total Return 15.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.18%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Emerald Banking and Finance Fund
  • Fund Family Name
    Emerald
  • Inception Date
    Feb 18, 1997
  • Shares Outstanding
    1324889
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kenneth Mertz

Fund Description

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 $11.5 billion.


HSSAX - Performance

Return Ranking - Trailing

Period HSSAX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.2% 9.9% 30.2% 65.22%
1 Yr 95.4% 39.1% 96.1% 1.56%
3 Yr 9.2%* -0.3% 20.5% 58.76%
5 Yr 16.2%* 2.6% 25.1% 22.34%
10 Yr 15.0%* 2.1% 16.2% 4.65%

* Annualized

Return Ranking - Calendar

Period HSSAX Return Category Return Low Category Return High Rank in Category (%)
2020 11.9% -51.5% 27.1% 6.31%
2019 20.6% 10.5% 35.3% 72.00%
2018 -36.0% -38.6% -4.7% 95.70%
2017 9.6% -63.0% 29.1% 68.54%
2016 28.1% -14.7% 36.0% 13.41%

Total Return Ranking - Trailing

Period HSSAX Return Category Return Low Category Return High Rank in Category (%)
YTD 20.2% 9.9% 30.2% 63.04%
1 Yr 86.2% 31.7% 96.1% 6.12%
3 Yr 7.4%* -2.1% 20.5% 68.84%
5 Yr 15.1%* -1.7% 25.1% 40.00%
10 Yr 14.5%* 2.1% 16.2% 5.83%

* Annualized

Total Return Ranking - Calendar

Period HSSAX Return Category Return Low Category Return High Rank in Category (%)
2020 11.9% -51.5% 27.1% 6.31%
2019 20.6% 10.5% 35.3% 72.00%
2018 -19.9% -36.1% -4.7% 67.74%
2017 9.6% -9.3% 30.0% 77.53%
2016 28.1% -14.7% 37.9% 15.85%

NAV & Total Return History


HSSAX - Holdings

Concentration Analysis

HSSAX Category Low Category High HSSAX % Rank
Net Assets 245 M 1.46 M 40.8 B 49.52%
Number of Holdings 64 14 401 34.25%
Net Assets in Top 10 98.8 M 2.88 K 22.3 B 36.99%
Weighting of Top 10 40.24% 13.4% 78.6% 53.42%

Top 10 Holdings

  1. Voyager Digital Ltd 4.91%
  2. The Bancorp Inc 4.66%
  3. Triumph Bancorp Inc 4.17%
  4. Social Capital Hedosophia Holdings Corp V Units (1 Ord Share Class A & 1/4 4.15%
  5. LendingClub Corp 4.08%
  6. Silvergate Capital Corp Class A 3.99%
  7. Signature Bank 3.95%
  8. Open Lending Corp Class A 3.75%
  9. DigitalBridge Group Inc Class A 3.74%
  10. PennyMac Financial Services Inc Class A 3.64%

Asset Allocation

Weighting Return Low Return High HSSAX % Rank
Stocks
95.72% 88.34% 100.07% 96.58%
Other
3.06% -1.00% 3.06% 2.74%
Cash
1.22% -0.07% 10.92% 32.19%
Preferred Stocks
0.00% 0.00% 1.96% 51.37%
Convertible Bonds
0.00% 0.00% 0.09% 52.74%
Bonds
0.00% 0.00% 0.86% 54.11%

Stock Sector Breakdown

Weighting Return Low Return High HSSAX % Rank
Financial Services
73.89% 17.72% 100.00% 93.84%
Technology
14.93% 0.00% 23.84% 3.42%
Real Estate
10.23% 0.00% 35.82% 8.90%
Consumer Cyclical
0.94% 0.00% 41.42% 10.96%
Utilities
0.00% 0.00% 0.10% 50.68%
Industrials
0.00% 0.00% 26.44% 65.75%
Healthcare
0.00% 0.00% 5.89% 52.74%
Energy
0.00% 0.00% 0.00% 50.68%
Communication Services
0.00% 0.00% 6.51% 50.68%
Consumer Defense
0.00% 0.00% 0.04% 50.68%
Basic Materials
0.00% 0.00% 3.66% 51.37%

Stock Geographic Breakdown

Weighting Return Low Return High HSSAX % Rank
US
87.52% 0.00% 100.07% 73.29%
Non US
8.20% 0.00% 98.61% 38.36%

HSSAX - Expenses

Operational Fees

HSSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.48% 0.08% 11.97% 29.17%
Management Fee 0.94% 0.00% 1.25% 86.67%
12b-1 Fee 0.35% 0.00% 1.00% 69.81%
Administrative Fee N/A 0.10% 0.25% N/A

Sales Fees

HSSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.75% 0.00% 5.75% 21.43%
Deferred Load N/A 1.00% 2.25% N/A

Trading Fees

HSSAX 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.

HSSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 171.00% 1.00% 246.00% 94.79%

HSSAX - Distributions

Dividend Yield Analysis

HSSAX Category Low Category High HSSAX % Rank
Dividend Yield 0.00% 0.00% 1.78% 59.18%

Dividend Distribution Analysis

HSSAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Monthly

Net Income Ratio Analysis

HSSAX Category Low Category High HSSAX % Rank
Net Income Ratio 0.18% -2.04% 10.57% 86.54%

Capital Gain Distribution Analysis

HSSAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Dividend Payout History

View More +

HSSAX - Fund Manager Analysis

Managers

Kenneth Mertz


Start Date

Tenure

Tenure Rank

Feb 18, 1997

24.38

24.4%

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.

Steven Russell


Start Date

Tenure

Tenure Rank

Mar 15, 2012

9.3

9.3%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 24.5 7.31 1.21