Emerald Mutual Funds Close


Cumulative Total Return as of
← Swipe to see additional data →
Average Annual Total Return as of
← Swipe to see additional data →

Prior to September 30, 2021, the Fund was known as the Emerald Banking & Finance Fund.

The performance quoted represents past performance, does not guarantee future results and current performance may be lower or higher than the data quoted. The investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance data current to the most recent month end may be obtained at www.emeraldmutualfunds.com.

Maximum Offering Price (MOP) for Class A shares includes the Fund's maximum sales charge of 4.75%. Performance shown at NAV does not include these sales charges and would have been lower had it been taken into account.

A Contingent Deferred Sales Charge (CDSC) of 1.00% may apply to Class C shares redeemed within the first 12 months after a purchase.

The performance shown for periods prior to March 16, 2012, reflects the performance of the Forward Banking and Finance Fund, a series of Forward Funds (as a result of a prior reorganization of the Forward Banking and Finance Fund into the Emerald Banking and Finance Fund).

1Inception Dates - Class A: 02/18/1997, Class C: 07/01/2000, Class Institutional: 03/19/2012, Class Investor: 03/16/2010

2The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000 is a subset of the Russell 3000® Index representing approximately 10% of the total market capitalization of that index. It includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership. An investor may not invest directly in an index.

Top 10 Holdings

Click to view full holdings

*Portfolio holdings as of month-end are posted on the 21st day of the next succeeding month (or, if the 21st day is not a business day, then on the next business day).

Fund Details


The Fund seeks long-term growth through capital appreciation. Income is a secondary objective.


The Fund invests primarily in the stocks of community banks, insurance companies and other institutions related to the financial services industry.

  • The portfolio is comprised of companies of various sizes including smaller companies with a focus on common stocks that pay current dividends.
  • Typically invests a minimum of 25% in banks and savings and loans (S&Ls) and 25% in financial services.
  • The Fund utilizes a fundamental approach to choosing securities: the research staff of Emerald conducts research analysis that includes its proprietary 10-step research process, assessing factors such as each company’s specific competitive advantages, management strengths/weaknesses, growth drivers and risks, as well as financial and valuation models.

Portfolio Management


The Emerald Finance & Banking Innovation Fund distribution paid on December 15, 2021 includes a return of capital payment as detailed below. Return of capital is a nontaxable distribution from a mutual fund not attributable to the fund's earnings. As such, the Fund’s December, 2021 distributions paid are as follows:

Class Ex-Date Record Date Payable Date STCG LTCG Income Return of Capital* Total Available Notices
Section 19a
← Swipe to see additional data →
Distributions data is unavailable at this time.

* Return of capital is a nontaxable distribution not attributable to the Fund's earnings

Close Button Emerald Mutual Funds


Emerald Mutual Funds
P.O. Box 219102
Kansas City, MO 64121-9102

Overnight Address:

Emerald Mutual Funds
430 W 7th Street, Suite 219102
Kansas City, MO 64105-1407




Emerald Mutual Funds: (855) 828-9909

Emerald Broker Services: (800) 722-4123