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Name

As of 06/02/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Persimmon Long/Short Fund

LSEIX | Fund

$18.43

$46.3 M

0.00%

2.13%

Vitals

YTD Return

6.3%

1 yr return

20.3%

3 Yr Avg Return

15.9%

5 Yr Avg Return

9.6%

Net Assets

$46.3 M

Holdings in Top 10

35.6%

52 WEEK LOW AND HIGH

$18.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.13%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 6.00%

Redemption Fee 1.00%

Min Investment

Standard (Taxable)

$100,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/02/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Persimmon Long/Short Fund

LSEIX | Fund

$18.43

$46.3 M

0.00%

2.13%

LSEIX - Profile

Distributions

  • YTD Total Return 6.3%
  • 3 Yr Annualized Total Return 15.9%
  • 5 Yr Annualized Total Return 9.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.70%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Persimmon Long/Short Fund
  • Fund Family Name
    Persimmon Funds
  • Inception Date
    Dec 31, 2012
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Gregory Horn

Fund Description

p id="xdx_A82_eoef--StrategyNarrativeTextBlock_zUk7VRes9Xuk" style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0; text-align: justify"span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"b/bIn pursuing the Fund’s investment objective, the Adviser, utilizes Hedgeye Asset Management, LLC (the “Sub-Adviser” ), to implement three strategies:(i) selecting individual equity securities, (ii) hedging to mitigate the downside risk of equities during unfavorable markets, and (iii) seeking to minimize shareholders’ tax liability in connection with the Fund’s distribution of realized capital gains. The Adviser also uses Tidal Investments, LLC (“Trading Sub-Adviser”) to handle capital markets and trading services./span/p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0; text-align: justify"span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"span style="text-decoration: underline"Equity Instruments/span/span/p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0; text-align: justify"span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt" /span/p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0; text-align: justify"span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"Under normal market conditions, the Fund pursues its investment objective by investing at least 80% of its net assets in U.S. exchange listed common stock, preferred stock and depositary receipts (“Equity Instruments”). The Fund may invest in or have exposure to domestic companies of any market capitalization or sector although the Sub-Adviser aims to replicate the Samp;P 500 Index. The Fund at any given time may have a significant percentage of its assets invested in one or more sectors relative to other sectors./span/p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0; text-align: justify"span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt" /span/p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0; text-align: justify"span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"span style="text-decoration: underline"Hedging/span/span/p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0; text-align: justify"span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt" /span/p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0; text-align: justify"span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"The Sub-Adviser uses its license to Risk Range™ signals to determine whether to buy and/or sell exchange-traded put and call options, and at what price. The Risk Range™ signals are based on a proprietary formula that considers specific factors (price, volume and volatility) developed by the parent company of the Sub-Adviser and licensed to the Sub-Adviser, suggesting market entry and exit points for investable assets. The Sub-Adviser utilizes options to seek to reduce the downside risks associated with the Fund’s exposure to Equity Instruments/spanspan style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"./span/p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0; text-align: justify"span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt" /span/p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0; text-align: justify"span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"The Fund expects to have net long exposure to equity markets, however from time to time, net exposure may drop to or close to 0%. The Sub-Adviser uses the hedge strategy as an overlay to manage the Fund’s net exposure./span/p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0; text-align: justify"span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt" /span/p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0; text-align: justify"span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"span style="text-decoration: underline"Tax Management/span/span/p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0; text-align: justify"span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt" /span/p p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0; text-align: justify"span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"The Sub-Adviser seeks to minimize shareholders’ tax liability in connection with the Fund’s distribution of realized capital gain by minimizing the net gains available for distribution. As part of its tax aware strategy, the Sub-Adviser seeks to sell securities that have declined in value for the purpose of realizing losses. Thus, it seeks to accumulate capital losses to partially offset any realized capital gains. This strategy, commonly known as tax-loss harvesting, is combined with the equity portfolio with the objective of creating favorable after-tax returns. However, the Fund’s portfolio may not contain any securities in a loss position./span/p
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LSEIX - Performance

Return Ranking - Trailing

Period LSEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.3% -9.4% 28.9% 43.97%
1 Yr 20.3% -18.4% 38.2% 26.72%
3 Yr 15.9%* -4.3% 32.5% 22.41%
5 Yr 9.6%* -5.9% 23.6% 24.00%
10 Yr 7.1%* -2.9% 13.1% 42.86%

* Annualized

Return Ranking - Calendar

Period LSEIX Return Category Return Low Category Return High Rank in Category (%)
2025 12.0% -16.2% 32.1% 20.69%
2024 17.4% -12.4% 34.9% 11.21%
2023 15.7% -17.3% 43.8% 12.93%
2022 -10.0% -54.0% 17.4% 52.38%
2021 14.7% -40.0% 54.1% 29.29%

Total Return Ranking - Trailing

Period LSEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.3% -9.4% 28.9% 43.97%
1 Yr 20.3% -18.4% 38.2% 26.72%
3 Yr 15.9%* -4.3% 32.5% 22.41%
5 Yr 9.6%* -5.9% 23.6% 24.00%
10 Yr 7.1%* -2.9% 13.1% 42.86%

* Annualized

Total Return Ranking - Calendar

Period LSEIX Return Category Return Low Category Return High Rank in Category (%)
2025 12.0% -12.8% 34.5% 31.90%
2024 17.4% -9.0% 37.8% 29.31%
2023 15.7% -14.5% 43.8% 25.86%
2022 -10.0% -54.0% 50.3% 69.52%
2021 14.7% -40.0% 61.6% 48.48%

NAV & Total Return History

LSEIX - Holdings

Concentration Analysis

LSEIX Category Low Category High LSEIX % Rank
Net Assets 46.3 M 3.53 M 8.25 B 75.86%
Number of Holdings 370 3 3565 22.41%
Net Assets in Top 10 16 M -3.49 M 3.43 B 86.21%
Weighting of Top 10 35.55% -10.3% 100.2% 70.69%

Top 10 Holdings

  1. APPLE INC 6.51%
  2. NVIDIA CORP 6.05%
  3. MICROSOFT CORP 4.57%
  4. AMAZON.COM INC 3.85%
  5. ALPHABET INC-A 3.64%
  6. BROADCOM INC 2.83%
  7. ALPHABET INC-C 2.53%
  8. SPXW US 04/17/26 P6635 2.41%
  9. BERKSHIRE HATH-B 1.59%
  10. ELI LILLY CO 1.56%

Asset Allocation

Weighting Return Low Return High LSEIX % Rank
Stocks 		95.30% -4.64% 109.44% 12.93%
Cash 		3.98% 0.58% 110.32% 84.48%
Other 		0.72% -50.16% 99.42% 25.00%
Preferred Stocks 		0.00% -0.91% 3.38% 54.31%
Convertible Bonds 		0.00% -0.02% 4.48% 52.25%
Bonds 		0.00% 0.00% 135.27% 69.83%

Stock Sector Breakdown

Weighting Return Low Return High LSEIX % Rank
Technology 		25.42% 0.00% 43.24% 14.74%
Financial Services 		13.69% 0.00% 48.50% 50.53%
Healthcare 		13.56% 0.91% 100.00% 65.26%
Consumer Cyclical 		11.54% 0.00% 88.83% 32.63%
Communication Services 		9.27% 0.00% 32.32% 24.21%
Industrials 		8.38% 0.00% 31.93% 68.42%
Consumer Defense 		6.55% 0.00% 17.03% 47.37%
Energy 		3.84% 0.00% 32.57% 65.26%
Utilities 		2.82% 0.00% 12.88% 31.58%
Real Estate 		2.58% 0.00% 7.83% 27.37%
Basic Materials 		2.35% 0.00% 28.58% 63.16%

Stock Geographic Breakdown

Weighting Return Low Return High LSEIX % Rank
US 		95.30% -0.47% 109.44% 12.93%
Non US 		0.00% -4.17% 47.60% 62.07%

LSEIX - Expenses

Operational Fees

LSEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.13% 0.44% 6.06% 46.55%
Management Fee 1.25% 0.00% 2.50% 57.76%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.40% 43.13%

Sales Fees

LSEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.25% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

LSEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.50% 2.00% 64.29%

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.

LSEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 6.00% 0.00% 446.00% 14.61%

LSEIX - Distributions

Dividend Yield Analysis

LSEIX Category Low Category High LSEIX % Rank
Dividend Yield 0.00% 0.00% 27.22% 87.93%

Dividend Distribution Analysis

LSEIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

LSEIX Category Low Category High LSEIX % Rank
Net Income Ratio -0.70% -2.69% 2.16% 47.37%

Capital Gain Distribution Analysis

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

Distributions History

View More +

LSEIX - Fund Manager Analysis

Managers

Gregory Horn

Start Date

Tenure

Tenure Rank

Dec 31, 2012

9.42

9.4%

Mr. Horn founded Persimmon Capital Management, LP in December of 1998 to provide investment consulting services to family offices, high net worth families, foundations and endowments. The Persimmon investment approach has consistently deployed capital to alternative investment strategies and Persimmon serves as investment advisor to both a Hedge Fund of Funds and an alternative mutual fund. In 1999, Mr. Horn also founded ADVISORport, Inc., (which was renamed PNC Managed Investments Inc., a PNC Financial subsidiary after acquisition in 2003). The platform provided technology and operational infrastructure outsourcing services to enterprise financial services companies such as Charles Schwab, SunTrust, and Nationwide. Assets under administration while at PNC Managed Investments grew from $400 million in 1999 to over $100 billion, and was subsequently acquired by Pershing and merged with Lockwood Financial under the Bank of New York Mellon corporate umbrella.

Timothy Melly

Start Date

Tenure

Tenure Rank

Jun 30, 2015

6.92

6.9%

Mr. Melly is Portfolio Manager and Vice President of Research of Persimmon Capital Management since 2014. Prior to joining Persimmon, Mr. Melly served as Director of Investment Research at M Financial Planning Group from 2005 to 2014. In 2005, Mr. Melly was employed with SEI Investments where he supported the private wealth management division. Previous to SEI, Mr. Melly served as a research analyst for Hirtle Callaghan and Associates. Mr. Melly is a graduate of Drexel University, where he received two bachelor’s degrees in Finance and Economics. Mr. Melly also holds the Chartered Financial Analyst® designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 23.55 6.01 7.93

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