Invests in the stocks of community banks, insurance companies
and other institutions related to the financial services industry
invests a minimum of 80% of Fund assets in
stocks of companies primarily engaged in the banking or
financial services industries
under normal circumstances, invests a minimum
of 25% in banks and S&Ls and 25% in financial services
can invest in companies of various sizes,
including smaller companies
focuses on common stocks that pay current
dividends
Investment Process
Ten-step process
Emerald uses a ten-step research process
that culminates with the production of an internal report on
each company
Deep research and analytics
The process includes a brief company description,
its competitive advantage, an assessment of management, specific
growth drivers, risks, valuation metrics (and its comparables)
and why Emerald should buy the stock
Team approach
Emerald portfolio managers and research
analysts are in constant communication and also participate
in twice-weekly structured research meetings
Risk assessment
Emerald seeks to control volatility by
diversifying the fund's portfolio among subgroups within each
industry sector. Emerald also seeks to minimize risk by unequally
weighting the percentage ownership of portfolio companies through
a comprehensive on-going risk assessment process
1Maximum concession allowed. See prospectus for more details.
2Maximum deferred sales charge for shares held less than two years is 1.00%.
3Begins after 24th month.
*Data refers to the Fund’s holdings and not to the Fund itself.
Price/Book Ratio and Price/Earnings represent equity securities
within the Fund’s portfolio, and are not intended to demonstrate
Fund growth, income earned by the Fund, or distributions made
by the Fund.
Beta is a measure of risk which shows the Fund’s volatility relative to its benchmark index.
R-Squared reflects the percentage of a Fund’s movements that
are explained by movement in its benchmark index.
