HSSAX Performance — Emerald Banking and Finance Fund, Class A
Data updated: 2026-09-25
HSSAX returned −24.70% year to date and −38.17% over one year to Jul 2026. Over one year the fund trailed its Financials Equity category average: $100 grew to $62, against $114 for the category. Volatility over the past 12 months was 19.25% a year. In the 12 months to Jul 2026 the fund lost a net $4.7M, and assets reached $48.62M.
HSSAX Growth of $100
What $100 invested in Emerald Banking and Finance Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Financials Equity category average over the same months.
| Period | HSSAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $62 | $114 |
| 3 years (Aug 2023 – Jul 2026) | $26 | $152 |
| 5 years (Aug 2021 – Jul 2026) | $4 | $147 |
| Since data start (Aug 2019 – Jul 2026) | $2 | $188 |
HSSAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −24.70% |
| 1 year | −38.17% |
3- and 5-year figures withheld: returns differ from sibling classes.
HSSAX Annual Returns
Calendar-year total returns of Emerald Banking and Finance Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | −24.70% |
| 2025 | −37.50% |
| 2024 | −35.09% |
| 2023 | −35.56% |
| 2022 | −75.39% |
| 2021 | −22.42% |
| 2020 | −37.59% |
| 2019 (Aug–Dec) | −16.99% |
HSSAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −3.9% | −14.3% | −6.0% | +3.4% | −4.4% | +5.2% | −6.5% | — | — | — | — | — |
| 2025 | −0.9% | −6.1% | −9.8% | −6.8% | 0.0% | +0.1% | −2.8% | +3.1% | −6.9% | −8.8% | −3.5% | −2.9% |
| 2024 | −7.1% | −7.6% | −2.8% | −11.7% | −2.4% | −3.5% | +13.7% | −4.9% | −5.0% | −3.5% | +7.9% | −12.6% |
| 2023 | −0.4% | −5.9% | −18.3% | −6.3% | −8.8% | +3.5% | +11.0% | −12.2% | −10.7% | −9.8% | +8.1% | +12.0% |
| 2022 | −18.9% | −3.0% | −10.3% | −23.4% | −12.4% | −21.1% | +6.8% | −8.0% | −16.0% | −1.9% | −7.0% | −12.4% |
| 2021 | +0.3% | +11.1% | +3.0% | −5.7% | −8.7% | −4.0% | −5.5% | +5.2% | −7.5% | +13.7% | −8.5% | −14.5% |
| 2020 | −7.7% | −11.7% | −35.9% | +3.0% | −0.2% | +1.3% | −3.9% | +0.9% | −5.9% | −1.3% | +10.2% | +15.7% |
| 2019 | — | — | — | — | — | — | — | −10.3% | −0.4% | −3.8% | −1.3% | −2.1% |
HSSAX Risk
Risk measures from monthly returns over Aug 2025 – Jul 2026.
- 1-year volatility (annualised): 19.25%
- Best month: +5.25% (Jun 2026)
- Worst month: −14.31% (Feb 2026)
HSSAX Fund Flows
Monthly money in and out of Emerald Banking and Finance Fund, from SEC Form N-PORT.
- 12-month net flow: −$4.7M
- 12-month gross sales (incl. reinvestments): $7.1M
- Sales ÷ redemptions: 0.60×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $2.7M | $1.2M | $1.5M |
| Jun 2026 | $901K | $889K | $11K |
| May 2026 | $191K | $952K | −$761K |
| Apr 2026 | $332K | $461K | −$129K |
| Mar 2026 | $243K | $655K | −$412K |
| Feb 2026 | $510K | $1.7M | −$1.2M |
| Jan 2026 | $345K | $1.1M | −$760K |
| Dec 2025 | $220K | $1.4M | −$1.2M |
| Nov 2025 | $375K | $565K | −$190K |
| Oct 2025 | $598K | $985K | −$388K |
| Sep 2025 | $405K | $676K | −$271K |
| Aug 2025 | $295K | $1.1M | −$821K |
HSSAX Assets Under Management
Net assets of Emerald Banking and Finance Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $48.62M |
| 2026-04-30 | $44.17M |
| 2026-01-31 | $47.72M |
| 2025-10-31 | $47.79M |
| 2025-07-31 | $48.54M |
| 2025-04-30 | $45.72M |
| 2025-01-31 | $52.63M |
| 2024-10-31 | $51.09M |
| 2024-07-31 | $53.14M |
| 2024-04-30 | $45.73M |
| 2024-01-31 | $65.25M |
| 2023-10-31 | $56.07M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.