Emerald Finance And Banking Innovation Fund - A (HSSAX) Fund Details & Analysis

Fund Information

Fund Category Financial

Fund Family Emerald

Fund Style Large

ISIN US3176092464

CUSIP 317609246

Inception Date 1997-02-18

Domicile United States

Country USA

Fiscal Year End April

NAV Chart

Fund Metrics

Net Assets $48.02 Million

Share Class Net Assets $19.41 Million

Expense Ratio 1.79%

Expense Ratio Date 2025-08-31

Dividend Yield 0.00%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 2.87%

1-Year Return 11.54%

3-Year Return 14.34%

5-Year Return -1.69%

NAV $32.57

Previous Close Price $32.73

Last Update 2025-12-31

Dividend Information

Dividend Yield 0.00%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Emerald Finance and Banking Innovation Fund - A

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 banking or financial services, and collective investment vehicles such as mutual funds and exchange-traded funds that invest in companies that are principally engaged in banking and financial services.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 3417.95%

Giant 2.69%

Large 4.13%

Medium 7.06%

Micro 58.82%

Small 25.44%

Value & Growth Metrics

Book-Value Growth % 11.77%

Cash-Flow Growth % 460.22%

Dividend Yield % 0.68%

Historical Earnings % 3.15%

Long-Term Earnings % 24.81%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	0.00%	0.00%	0.00%	0.93%	0.00%
Cash	1.43%	1.45%	0.03%	0.95%	0.01%
Non US Stock	2.69%	2.69%	0.00%	13.56%	1.45%
Not Classified	0.00%	0.00%	0.00%	0.03%	0.00%
Other	0.00%	0.00%	0.00%	1.43%	0.00%
US Stock	95.89%	95.89%	0.00%	84.77%	98.54%

Top Holdings

Name	Weight	Owned	Change
Northeast Bancorp	4.13%	-	-
Axos Financial, Inc.	4.36%	-	-
Metropolitan Bank Holding Corp.	4.31%	-	-
Community Heritage Financial, Inc.	3.88%	-	-
First Citizens BancShares, Inc., Class A	3.69%	-	-
Kinsale Capital Group, Inc.	3.38%	-	-
Skyward Specialty Insurance Group, Inc.	3.25%	-	-
Bancorp, Inc.	4.34%	-	-
Western Alliance Bancorp	2.99%	-	-
Mechanics Bank/Walnut Creek CA	2.59%	-	-
Coastal Financial Corp.	4.86%	-	-
Finwise Bancorp	3.01%	-	-
Esquire Financial Holdings, Inc.	4.51%	-	-
Customers Bancorp, Inc.	4.36%	-	-
Robinhood Markets, Inc.	4.25%	-	-
LendingClub Corp.	3.96%	-	-
Wintrust Financial Corp	3.54%	-	-

See the full breakdown of HSSAX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	0.00%	27.12%	100.00%	100.00%
Bond Sector	Corporate	0.00%	18.19%	0.00%	0.00%
Bond Sector	Derivative	0.00%	0.00%	0.00%	0.00%
Bond Sector	Government	0.00%	54.68%	0.00%	0.00%
Bond Sector	Municipal	0.00%	0.00%	0.00%	0.00%
Bond Sector	Securitized	0.00%	0.00%	0.00%	0.00%
Cyclical	Basic Materials	0.00%	1.05%	0.00%	0.00%
Cyclical	Consumer Cyclical	0.00%	2.43%	0.00%	0.00%
Cyclical	Financial Services	88.76%	84.09%	0.00%	99.99%
Cyclical	Real Estate	1.71%	0.62%	0.00%	0.00%
Defensive	Consumer Defensive	0.00%	0.25%	0.00%	0.00%
Defensive	Healthcare	0.00%	1.03%	0.00%	0.00%
Defensive	Utilities	0.00%	0.46%	0.00%	0.00%
Sensitive	Communication Services	0.00%	1.59%	0.00%	0.00%
Sensitive	Energy	0.00%	0.48%	0.00%	0.00%
Sensitive	Industrials	0.00%	2.23%	0.00%	0.00%
Sensitive	Technology	9.53%	5.76%	0.00%	0.00%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	1.21%	1.37%	0.10%
Americas	North America	87.73%	98.63%	98.55%
Greater Asia	Asia Developed	1.94%	-	-
Greater Asia	Asia Emerging	2.02%	-	-
Greater Asia	Australasia	0.15%	-	-
Greater Asia	Japan	1.67%	-	-
Greater Europe	Africa/Middle East	0.18%	-	-
Greater Europe	Europe Developed	4.65%	-	1.35%
Greater Europe	Europe Emerging	0.13%	-	-
Greater Europe	United Kingdom	0.33%	-	-

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-07-10	$0.559	$0.559	USD	-	2024-07-09	2024-07-11	Annual
2021-12-14	$4.229	$4.229	USD	2021-12-14	2021-12-13	2021-12-15	Annual
2010-04-30	$0.037	$0.037	USD	-	-	-	-
2009-12-30	$0.033	$0.033	USD	-	-	-	-
2008-12-30	$0.021	$0.021	USD	-	-	-	-
2003-08-15	$0.006	$0.006	USD	-	-	-	-
2002-12-31	$0.027	$0.027	USD	-	-	-	-
2001-12-18	$0.042	$0.042	USD	-	-	-	-
2001-08-16	$0.034	$0.034	USD	-	-	-	-
2000-12-18	$0.119	$0.119	USD	-	-	-	-
2000-08-16	$0.050	$0.050	USD	-	-	-	-
1999-12-16	$0.037	$0.037	USD	-	-	-	-

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Emerald Finance and Banking Innovation Fund - A NMFQS:HSSAX