Emerald Insights Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.7%
1 yr return
25.3%
3 Yr Avg Return
2.1%
5 Yr Avg Return
15.0%
Net Assets
$21.2 M
Holdings in Top 10
45.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.59%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 89.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
EFCCX - Profile
Distributions
- YTD Total Return 3.7%
- 3 Yr Annualized Total Return 2.1%
- 5 Yr Annualized Total Return 15.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.51%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameEmerald Insights Fund
-
Fund Family NameALPS Advised Funds
-
Inception DateAug 01, 2014
-
Shares Outstanding10781
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerStephen Amsterdam
Fund Description
Under normal conditions, the Fund typically invests in equity securities of U.S. and foreign companies, including common stocks, preferred stocks, and securities convertible into common or preferred stocks.
The Fund utilizes a fundamental approach to choosing securities: the Adviser’s research staff conducts company-specific research analysis to identify companies whose earnings growth rate exceeds that of their peer group, generally considered to be, growth companies. The Adviser favors companies with perceived leadership positions and competitive advantages in niche markets that do not receive significant attention from published analysts or other institutional investors.
The Fund can invest in companies from a wide range of industries and of various sizes. The Fund will invest primarily in mid and small-size companies. The Adviser typically defines mid-size companies as those having a market capitalization equal to or less than that of the largest companies in the Russell 3000® Growth Index. As of June 23, 2023, the Russell 3000® Growth Index included securities issued by companies that ranged in size between $1 billion and $2.935 trillion. The Adviser typically defines small-size companies as those having a market capitalization equal to or less than that of the largest companies in the Russell 2000 Growth Index. As of June 23, 2023, the Russell 2000 Growth Index included securities issued by companies that ranged in size between $66 million and $11.5 billion.
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.
EFCCX - Performance
Return Ranking - Trailing
| Period | EFCCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.7% | -16.3% | 19.3% | 77.42% |
| 1 Yr | 25.3% | -24.2% | 56.3% | 70.13% |
| 3 Yr | 2.1%* | -31.3% | 22.2% | 75.22% |
| 5 Yr | 15.0%* | -16.7% | 28.7% | 23.75% |
| 10 Yr | N/A* | -5.9% | 18.7% | N/A |
* Annualized
Return Ranking - Calendar
| Period | EFCCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 40.0% | -74.1% | 72.4% | 26.85% |
| 2022 | -34.7% | -85.9% | 4.7% | 53.72% |
| 2021 | 4.4% | -52.4% | 60.5% | 62.74% |
| 2020 | 35.0% | -34.3% | 145.0% | 23.65% |
| 2019 | 35.4% | -21.8% | 49.4% | 5.29% |
Total Return Ranking - Trailing
| Period | EFCCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.7% | -16.3% | 19.3% | 77.42% |
| 1 Yr | 25.3% | -24.2% | 56.3% | 70.13% |
| 3 Yr | 2.1%* | -31.3% | 22.2% | 75.22% |
| 5 Yr | 15.0%* | -16.7% | 28.7% | 23.75% |
| 10 Yr | N/A* | -5.9% | 18.7% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | EFCCX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 40.0% | -4.6% | 72.4% | 40.10% |
| 2022 | -31.6% | -61.7% | 5.6% | 58.01% |
| 2021 | 22.5% | -39.8% | 118.1% | 46.99% |
| 2020 | 48.6% | 2.8% | 149.2% | 16.87% |
| 2019 | 35.4% | -5.2% | 49.4% | 30.70% |
NAV & Total Return History
EFCCX - Holdings
Concentration Analysis
| EFCCX | Category Low | Category High | EFCCX % Rank | |
|---|---|---|---|---|
| Net Assets | 21.2 M | 242 K | 269 B | 96.63% |
| Number of Holdings | 71 | 1 | 3217 | 39.61% |
| Net Assets in Top 10 | 9.05 M | 104 K | 111 B | 97.13% |
| Weighting of Top 10 | 45.58% | 0.7% | 205.0% | 67.99% |
Top 10 Holdings
- Microsoft Corp. 10.68%
- Apple, Inc. 7.62%
- NVIDIA Corp. 5.96%
- Amazon.com, Inc. 5.38%
- Alphabet, Inc. 4.95%
- Meta Platforms, Inc. 3.63%
- Crowdstrike Holdings, Inc. 1.91%
- First American Government Obligations Fund 1.83%
- TJX Cos., Inc. 1.82%
- ACADIA Pharmaceuticals, Inc. 1.81%
Asset Allocation
| Weighting | Return Low | Return High | EFCCX % Rank | |
|---|---|---|---|---|
| Stocks | 98.84% | 0.00% | 130.05% | 49.66% |
| Cash | 1.83% | -1.50% | 173.52% | 33.36% |
| Preferred Stocks | 0.00% | 0.00% | 7.84% | 54.65% |
| Other | 0.00% | -43.49% | 50.04% | 56.08% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 46.62% |
| Bonds | 0.00% | 0.00% | 104.15% | 49.83% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | EFCCX % Rank | |
|---|---|---|---|---|
| Technology | 32.20% | 0.00% | 65.70% | 64.47% |
| Consumer Cyclical | 20.82% | 0.00% | 62.57% | 14.55% |
| Industrials | 13.56% | 0.00% | 30.65% | 5.75% |
| Communication Services | 9.87% | 0.00% | 66.40% | 55.75% |
| Healthcare | 8.71% | 0.00% | 39.76% | 85.70% |
| Financial Services | 6.34% | 0.00% | 43.06% | 76.99% |
| Energy | 5.22% | 0.00% | 41.09% | 8.04% |
| Basic Materials | 1.94% | 0.00% | 18.91% | 35.36% |
| Utilities | 0.77% | 0.00% | 16.07% | 17.94% |
| Consumer Defense | 0.56% | 0.00% | 25.50% | 83.84% |
| Real Estate | 0.00% | 0.00% | 16.05% | 83.16% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | EFCCX % Rank | |
|---|---|---|---|---|
| US | 98.84% | 0.00% | 130.05% | 38.18% |
| Non US | 0.00% | 0.00% | 78.10% | 63.68% |
EFCCX - Expenses
Operational Fees
| EFCCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.59% | 0.01% | 19.54% | 2.88% |
| Management Fee | 0.75% | 0.00% | 1.50% | 80.66% |
| 12b-1 Fee | 0.75% | 0.00% | 1.00% | 76.85% |
| Administrative Fee | N/A | 0.01% | 1.02% | N/A |
Sales Fees
| EFCCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | 1.00% | 1.00% | 5.00% | 50.00% |
Trading Fees
| EFCCX 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.
| EFCCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 89.00% | 0.00% | 316.74% | 86.25% |
EFCCX - Distributions
Dividend Yield Analysis
| EFCCX | Category Low | Category High | EFCCX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 28.16% | 69.63% |
Dividend Distribution Analysis
| EFCCX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| EFCCX | Category Low | Category High | EFCCX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.51% | -6.13% | 3.48% | 96.72% |
Capital Gain Distribution Analysis
| EFCCX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
EFCCX - Fund Manager Analysis
Managers
Stephen Amsterdam
Start Date
Tenure
Tenure Rank
Aug 01, 2014
7.84
7.8%
Mr. Amsterdam is an Associate Portfolio Manager and Senior Research Analyst for Emerald. Mr. Amsterdam has been a member of the Emerald research team since 2001. During his 13 year tenure, he has been responsible for research on numerous industry categories, with the majority in the technology segment. Prior to joining Emerald, Mr. Amsterdam spent a decade in increasingly responsible positions in technology venture capital, most recently in the role of managing director. He has advised numerous companies on strategy and competitive positioning and served as a board member of seven early stage technology companies. Mr. Amsterdam graduated from Lehigh University with a B.S. degree in Finance.
David Volpe
Start Date
Tenure
Tenure Rank
Aug 01, 2014
7.84
7.8%
Mr. Volpe is Deputy Chief Investment Officer and Managing Director and has 26 years of investment experience. He is manager of the Emerald Mid Cap Growth and Emerald All Cap Growth portfolios. Additionally, Mr. Volpe maintains research coverage of the Energy industry. He also assists with institutional marketing and client service, research, and strategic planning. From 1990 to 2000 he served as First Deputy City Controller of the City of Philadelphia, where he was responsible for the day-to-day operation of the Controller’s Office, and was a member of the Philadelphia Municipal Pension Sy
Joseph Hovorka
Start Date
Tenure
Tenure Rank
Aug 31, 2016
5.75
5.8%
Mr. Hovorka is a member of the Mid Cap Growth Portfolio Management team and a Senior Research Analyst focusing on consumer discretionary companies. He joined Emerald in July 2016. Joe spent 20 years on the sell-side most recently serving as Managing Director of equity research at Raymond James. While at Raymond James, he covered the Leisure and Entertainment industries and was part of the team that took several companies public. He is a graduate of Cleveland State University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.21 | 3.08 |