LSEIX: Persimmon Long/Short I

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LSEIX Persimmon Long/Short I


Profile

LSEIX - Profile

Vitals

  • YTD Return 2.7%
  • 3 Yr Annualized Return -2.1%
  • 5 Yr Annualized Return -1.2%
  • Net Assets $34.3 M
  • Holdings in Top 10 35.5%

52 WEEK LOW AND HIGH

$10.49
$8.79
$11.12

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.85%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 326.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.24%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

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

Fund Description

In pursuing its investment objective, the Adviser utilizes three strategies: (i) selecting individual equity securities, (ii) hedging that seeks 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. 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").


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Categories

Performance

LSEIX - Performance

Return Ranking - Trailing

Period LSEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -87.6% 170.8% 23.20%
1 Yr 3.5% -89.2% 148.2% 26.10%
3 Yr -2.1%* -56.3% 33.8% 52.05%
5 Yr -1.2%* -43.8% 33.6% 58.00%
10 Yr N/A* -13.3% 34.2% N/A

* Annualized

Return Ranking - Calendar

Period LSEIX Return Category Return Low Category Return High Rank in Category (%)
2019 4.0% -24.2% 71.9% 65.33%
2018 -9.2% -37.0% 12.7% 29.18%
2017 6.7% -25.3% 59.5% 52.36%
2016 -4.8% -15.5% 42.5% 94.93%
2015 -2.1% -65.1% 11.8% 19.13%

Total Return Ranking - Trailing

Period LSEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -87.6% 170.8% 23.20%
1 Yr 3.5% -89.2% 148.2% 26.10%
3 Yr 1.1%* -56.3% 39.2% 41.39%
5 Yr 1.7%* -43.8% 36.8% 48.00%
10 Yr N/A* -13.3% 35.9% N/A

* Annualized

Total Return Ranking - Calendar

Period LSEIX Return Category Return Low Category Return High Rank in Category (%)
2019 4.0% -22.9% 71.9% 67.00%
2018 -6.1% -37.0% 12.7% 23.74%
2017 13.4% -25.3% 68.6% 35.19%
2016 -4.8% -15.5% 42.5% 96.31%
2015 2.7% -65.1% 11.8% 10.38%

NAV & Total Return History


Holdings

LSEIX - Holdings

Concentration Analysis

LSEIX Category Low Category High LSEIX % Rank
Net Assets 34.3 M 105 K 10.6 B 68.73%
Number of Holdings 426 4 1562 6.19%
Net Assets in Top 10 10.9 M -81.1 M 3.11 B 75.54%
Weighting of Top 10 35.54% 14.6% 238.7% 65.40%

Top 10 Holdings

  1. Fidelity® Inv MM Fds Government I 8.65%
  2. Microsoft Corp 5.35%
  3. Apple Inc 5.23%
  4. SPDR® S&P 500 ETF Trust 5.01%
  5. Amazon.com Inc 3.95%
  6. Facebook Inc A 1.90%
  7. Alphabet Inc A 1.49%
  8. Alphabet Inc Class C 1.48%
  9. Johnson & Johnson 1.28%
  10. Berkshire Hathaway Inc Class B 1.21%

Asset Allocation

Weighting Return Low Return High LSEIX % Rank
Stocks
89.36% 81.39% 325.56% 88.85%
Cash
10.64% -225.56% 20.91% 8.98%
Preferred Stocks
0.00% 0.00% 5.07% 96.28%
Other
0.00% -19.11% 121.77% 87.31%
Convertible Bonds
0.00% 0.00% 15.68% 94.74%
Bonds
0.00% -43.96% 55.72% 93.50%

Stock Sector Breakdown

Weighting Return Low Return High LSEIX % Rank
Technology
22.43% 0.00% 52.21% 31.44%
Healthcare
14.29% 0.00% 98.20% 41.14%
Financial Services
13.66% 0.00% 35.62% 23.08%
Communication Services
11.41% 0.00% 24.68% 15.72%
Consumer Cyclical
10.91% 0.00% 37.65% 38.13%
Industrials
8.51% 0.00% 46.89% 36.79%
Consumer Defense
7.80% 0.00% 21.72% 24.75%
Utilities
3.33% 0.00% 64.20% 33.11%
Real Estate
2.78% 0.00% 97.46% 35.45%
Energy
2.64% 0.00% 100.00% 60.87%
Basic Materials
2.25% 0.00% 16.01% 37.46%

Stock Geographic Breakdown

Weighting Return Low Return High LSEIX % Rank
US
88.53% 80.07% 325.56% 73.37%
Non US
0.83% -3.46% 39.93% 67.49%

Expenses

LSEIX - Expenses

Operational Fees

LSEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.85% 0.35% 37.17% 21.07%
Management Fee 1.75% 0.00% 2.64% 99.07%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.05% 0.45% 43.13%

Sales Fees

LSEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

LSEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 97.87%

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 326.00% 0.00% 5191.00% 93.10%

Distributions

LSEIX - Distributions

Dividend Yield Analysis

LSEIX Category Low Category High LSEIX % Rank
Dividend Yield 0.00% 0.00% 23.21% 95.98%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

LSEIX Category Low Category High LSEIX % Rank
Net Income Ratio -1.24% -3.05% 14.24% 88.71%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

LSEIX - Fund Manager Analysis

Managers

Gregory Horn


Start Date

Tenure

Tenure Rank

Dec 31, 2012

7.67

7.7%

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

5.18

5.2%

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
0.08 25.02 6.12 10.43