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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$23.24

$144 M

18.20%

$4.23

1.59%

Vitals

YTD Return

-52.3%

1 yr return

-33.4%

3 Yr Avg Return

2.4%

5 Yr Avg Return

0.9%

Net Assets

$144 M

Holdings in Top 10

42.6%

52 WEEK LOW AND HIGH

$23.3
$23.24
$69.82

Expenses

OPERATING FEES

Expense Ratio 1.59%

SALES FEES

Front Load 4.75%

Deferred Load N/A

TRADING FEES

Turnover 171.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Financial


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$23.24

$144 M

18.20%

$4.23

1.59%

HSSAX - Profile

Distributions

  • YTD Total Return -52.3%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.18%
DIVIDENDS
  • Dividend Yield 18.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Emerald Finance and Banking Innovation Fund
  • Fund Family Name
    Emerald
  • Inception Date
    Feb 18, 1997
  • Shares Outstanding
    1328677
  • 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, and collective investment vehicles that invest in companies that are principally engaged in the banking and financial services industries.


HSSAX - Performance

Return Ranking - Trailing

Period HSSAX Return Category Return Low Category Return High Rank in Category (%)
YTD -52.3% -52.5% 31.5% 98.15%
1 Yr -33.4% -33.9% 11.1% 98.06%
3 Yr 2.4%* -1.3% 19.3% 96.97%
5 Yr 0.9%* -0.7% 15.1% 95.79%
10 Yr 10.0%* 4.2% 17.9% 73.03%

* Annualized

Return Ranking - Calendar

Period HSSAX Return Category Return Low Category Return High Rank in Category (%)
2021 24.3% -13.2% 54.4% 61.17%
2020 11.9% -51.5% 27.1% 7.14%
2019 20.6% 10.5% 35.3% 72.45%
2018 -36.0% -38.6% -4.2% 95.65%
2017 9.6% -63.0% 29.1% 70.45%

Total Return Ranking - Trailing

Period HSSAX Return Category Return Low Category Return High Rank in Category (%)
YTD -52.3% -52.5% 31.5% 98.15%
1 Yr -36.6% -36.6% 78.7% 100.00%
3 Yr 0.8%* -1.3% 19.3% 96.49%
5 Yr 0.0%* -1.2% 17.2% 96.36%
10 Yr 9.5%* 4.2% 17.9% 76.34%

* Annualized

Total Return Ranking - Calendar

Period HSSAX Return Category Return Low Category Return High Rank in Category (%)
2021 24.3% -13.2% 54.4% 61.17%
2020 11.9% -51.5% 27.1% 7.14%
2019 20.6% 10.5% 35.3% 72.45%
2018 -19.9% -36.1% -4.2% 67.39%
2017 9.6% -63.0% 30.0% 78.41%

NAV & Total Return History


HSSAX - Holdings

Concentration Analysis

HSSAX Category Low Category High HSSAX % Rank
Net Assets 144 M 398 K 34.6 B 61.32%
Number of Holdings 60 14 386 42.02%
Net Assets in Top 10 68.6 M 2.65 K 18.1 B 57.14%
Weighting of Top 10 42.57% 13.3% 84.7% 44.54%

Top 10 Holdings

  1. FinWise Bancorp 4.73%
  2. Silvergate Capital Corp Class A 4.73%
  3. The Bancorp Inc 4.69%
  4. Customers Bancorp Inc 4.60%
  5. Coastal Financial Corp 4.58%
  6. Triumph Bancorp Inc 4.40%
  7. Signature Bank 4.33%
  8. Social Capital Hedosophia Holdings Corp V Units (1 Ord Share Class A & 1/4 4.15%
  9. Riot Blockchain Inc 3.81%
  10. Open Lending Corp Class A 3.75%

Asset Allocation

Weighting Return Low Return High HSSAX % Rank
Stocks
95.22% 95.22% 107.75% 100.00%
Cash
3.73% -8.24% 4.18% 8.40%
Other
1.05% -0.80% 1.47% 4.20%
Preferred Stocks
0.00% 0.00% 3.05% 73.95%
Convertible Bonds
0.00% 0.00% 0.10% 73.95%
Bonds
0.00% 0.00% 1.41% 74.79%

Stock Sector Breakdown

Weighting Return Low Return High HSSAX % Rank
Financial Services
85.58% 46.33% 100.00% 84.87%
Technology
11.33% 0.00% 47.93% 9.24%
Real Estate
2.89% 0.00% 40.95% 19.33%
Healthcare
0.20% 0.00% 5.97% 4.20%
Utilities
0.00% 0.00% 5.37% 73.95%
Industrials
0.00% 0.00% 6.74% 83.19%
Energy
0.00% 0.00% 6.18% 73.95%
Communication Services
0.00% 0.00% 4.06% 74.79%
Consumer Defense
0.00% 0.00% 4.66% 73.95%
Consumer Cyclical
0.00% 0.00% 42.54% 81.51%
Basic Materials
0.00% 0.00% 4.54% 74.79%

Stock Geographic Breakdown

Weighting Return Low Return High HSSAX % Rank
US
87.37% 0.00% 106.12% 76.47%
Non US
7.85% 0.00% 97.31% 43.70%

HSSAX - Expenses

Operational Fees

HSSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.59% 0.08% 11.45% 26.89%
Management Fee 0.96% 0.00% 1.25% 86.79%
12b-1 Fee 0.35% 0.00% 1.00% 68.63%
Administrative Fee N/A 0.10% 0.34% 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% 37.93%
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% 3.00% 406.00% 95.60%

HSSAX - Distributions

Dividend Yield Analysis

HSSAX Category Low Category High HSSAX % Rank
Dividend Yield 18.20% 0.00% 11.79% 89.26%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

HSSAX Category Low Category High HSSAX % Rank
Net Income Ratio 0.18% -0.76% 10.57% 84.47%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

HSSAX - Fund Manager Analysis

Managers

Kenneth Mertz


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.

Steven Russell


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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 25.42 8.05 2.12