HSSAX: Emerald Banking and Finance Fund - MutualFunds.com
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Emerald Banking and Finance A

HSSAX - Snapshot

Vitals

  • YTD Return 32.4%
  • 3 Yr Annualized Return 12.4%
  • 5 Yr Annualized Return 17.6%
  • Net Assets $252 M
  • Holdings in Top 10 41.7%

52 WEEK LOW AND HIGH

$52.30
$20.12
$55.13

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.48%

SALES FEES

  • Front Load 4.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 46.00%

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

$35.40

+0.71%

$38.16 B

1.68%

$0.59

20.08%

0.13%

$43.97

+0.66%

$10.03 B

1.87%

$0.81

20.50%

0.10%

$87.76

+0.67%

$10.03 B

1.87%

$1.63

20.47%

0.10%

$67.67

+1.09%

$4.83 B

2.16%

$1.45

30.26%

0.35%

$52.83

+0.78%

$3.84 B

2.25%

$1.18

26.33%

0.35%

HSSAX - Profile

Distributions

  • YTD Total Return 32.4%
  • 3 Yr Annualized Total Return 10.6%
  • 5 Yr Annualized Total Return 16.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.10%
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
    1363464
  • 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 $1.5 billion.


HSSAX - Performance

Return Ranking - Trailing

Period HSSAX Return Category Return Low Category Return High Rank in Category (%)
YTD 32.4% 9.8% 34.3% 7.62%
1 Yr 145.9% 41.5% 146.9% 1.96%
3 Yr 12.4%* -2.0% 15.8% 12.37%
5 Yr 17.6%* 2.3% 21.7% 7.45%
10 Yr 15.2%* 1.6% 15.6% 3.49%

* Annualized

Return Ranking - Calendar

Period HSSAX Return Category Return Low Category Return High Rank in Category (%)
2020 11.9% -51.5% 27.1% 6.93%
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 32.4% 9.8% 34.3% 7.62%
1 Yr 134.3% 41.5% 146.9% 3.92%
3 Yr 10.6%* -2.0% 15.8% 23.71%
5 Yr 16.4%* 2.3% 21.7% 12.77%
10 Yr 14.7%* 1.6% 15.6% 3.49%

* Annualized

Total Return Ranking - Calendar

Period HSSAX Return Category Return Low Category Return High Rank in Category (%)
2020 11.9% -51.5% 27.1% 6.93%
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 252 M 1.19 M 38.2 B 47.17%
Number of Holdings 67 23 409 44.76%
Net Assets in Top 10 83.1 M 678 K 21 B 51.43%
Weighting of Top 10 41.65% 15.0% 76.5% 55.24%

Top 10 Holdings

  1. Voyager Digital Ltd 7.31%
  2. The Bancorp Inc 4.79%
  3. Triumph Bancorp Inc 4.70%
  4. Silvergate Capital Corp Class A 4.42%
  5. Social Capital Hedosophia Holdings Corp V Units (1 Ord Share Class A & 1/4 4.11%
  6. Colony Capital Inc Class A 3.96%
  7. ECN Capital Corp 3.89%
  8. Open Lending Corp Class A 3.75%
  9. PennyMac Financial Services Inc Class A 3.64%
  10. Signature Bank 3.38%

Asset Allocation

Weighting Return Low Return High HSSAX % Rank
Stocks
94.86% 93.97% 100.51% 97.14%
Other
3.85% -0.54% 3.85% 2.86%
Cash
1.29% -0.51% 3.90% 32.38%
Preferred Stocks
0.00% 0.00% 6.33% 49.52%
Convertible Bonds
0.00% 0.00% 0.56% 49.52%
Bonds
0.00% 0.00% 0.92% 53.33%

Stock Sector Breakdown

Weighting Return Low Return High HSSAX % Rank
Financial Services
66.21% 41.26% 100.00% 96.19%
Real Estate
15.70% 0.00% 34.28% 10.48%
Technology
14.87% 0.00% 15.21% 4.76%
Consumer Cyclical
2.00% 0.00% 46.13% 12.38%
Industrials
0.74% 0.00% 5.99% 32.38%
Communication Services
0.48% 0.00% 4.35% 9.52%
Utilities
0.00% 0.00% 0.11% 48.57%
Healthcare
0.00% 0.00% 4.49% 49.52%
Energy
0.00% 0.00% 0.00% 48.57%
Consumer Defense
0.00% 0.00% 0.05% 48.57%
Basic Materials
0.00% 0.00% 3.63% 49.52%

Stock Geographic Breakdown

Weighting Return Low Return High HSSAX % Rank
US
84.88% 0.00% 100.51% 70.48%
Non US
9.98% 0.00% 98.37% 40.95%

HSSAX - Expenses

Operational Fees

HSSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.48% 0.08% 4.21% 32.04%
Management Fee 0.94% 0.00% 1.25% 85.85%
12b-1 Fee 0.35% 0.00% 1.00% 70.37%
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% 3.50% 5.75% 80.00%
Deferred Load N/A 1.00% 1.00% 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 46.00% 1.00% 360.00% 68.32%

HSSAX - Distributions

Dividend Yield Analysis

HSSAX Category Low Category High HSSAX % Rank
Dividend Yield 0.00% 0.00% 4.25% 63.21%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

HSSAX Category Low Category High HSSAX % Rank
Net Income Ratio -0.10% -2.04% 9.95% 89.52%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

HSSAX - Fund Manager Analysis

Managers

Kenneth Mertz


Start Date

Tenure

Tenure Rank

Feb 18, 1997

24.13

24.1%

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

9.05

9.1%

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
0.08 24.25 7.15 0.96