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.
*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).
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 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|
* Return of capital is a nontaxable distribution not attributable to the Fund's earnings
P.O. Box 8556
Denver, CO 80201
1290 Broadway, Suite 1000
Denver, CO 80203
Emerald Mutual Funds: (855) 828-9909
Emerald Broker Services: (800) 722-4123