HSSIX Performance — Emerald Banking and Finance Fund, Institutional Class
Data updated: 2026-09-25
HSSIX returned +5.98% year to date and +11.36% over one year to Jul 2026. Annualised returns are +15.09% over 3 years and −4.58% over 5 years. Against its Financials Equity category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $152, against $152 for the category, and to $111 over one year, against $114. Volatility over the past three years was 24.47% a year. In the 12 months to Jul 2026 the fund lost a net $4.7M, and assets reached $48.62M.
HSSIX 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 | HSSIX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $111 | $114 |
| 3 years (Aug 2023 – Jul 2026) | $152 | $152 |
| 5 years (Aug 2021 – Jul 2026) | $79 | $147 |
| Since data start (Aug 2019 – Jul 2026) | $119 | $188 |
HSSIX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.98% |
| 1 year | +11.36% |
| 3 years (annualised) | +15.09% |
| 5 years (annualised) | −4.58% |
HSSIX 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) | +5.98% |
| 2025 | +12.60% |
| 2024 | +16.76% |
| 2023 | +16.03% |
| 2022 | −55.72% |
| 2021 | +39.55% |
| 2020 | +12.32% |
| 2019 (Aug–Dec) | +6.02% |
HSSIX 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 | +1.0% | −10.0% | −1.3% | +8.5% | +0.3% | +10.5% | −1.8% | — | — | — | — | — |
| 2025 | +4.0% | −1.4% | −5.3% | −2.1% | +5.1% | +5.1% | +2.1% | +8.3% | −2.1% | −4.2% | +1.4% | +2.0% |
| 2024 | −2.5% | −3.0% | +2.1% | −7.2% | +2.4% | +1.4% | +19.4% | −0.2% | −0.2% | +1.4% | +13.3% | −8.2% |
| 2023 | +4.6% | −1.1% | −14.1% | −1.7% | −4.1% | +8.7% | +16.6% | −7.8% | −6.2% | −5.2% | +13.5% | +17.6% |
| 2022 | −14.8% | +1.8% | −5.8% | −19.5% | −8.1% | −17.2% | +12.1% | −3.4% | −11.8% | +3.0% | −2.3% | −8.0% |
| 2021 | +5.3% | +16.6% | +8.2% | −0.9% | −4.1% | +0.8% | −0.8% | +10.4% | −2.9% | +19.4% | −3.9% | −10.2% |
| 2020 | −3.1% | −7.3% | −32.7% | +8.3% | +4.7% | +6.4% | +0.9% | +5.9% | −1.2% | +3.6% | +15.8% | +21.5% |
| 2019 | — | — | — | — | — | — | — | −5.8% | +4.6% | +1.0% | +3.7% | +2.8% |
HSSIX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 24.47%
- 3-year Sharpe ratio: 0.43 (vs 4.5% risk-free rate)
- Best month: +19.43% (Jul 2024)
- Worst month: −10.03% (Feb 2026)
HSSIX 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 |
HSSIX 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.