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Cumulative Total Return as of
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Average Annual Total Return as of
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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.

1 Inception Dates - Class A: 01/02/2020, Class Institutional: 01/02/2020
2 The Alerian MLP Infrastructure Index is a composite of energy infrastructure Master Limited Partnerships (MLPs). The capped, float-adjusted, capitalization-weighted index, whose constituents earn the majority of their cash flow from midstream activities involving energy commodities, is disseminated real-time on a price-return basis (AMZI) and on a total-return basis (AMZIX).

Top 10 Holdings

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*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 Emerald Select trueLiberty Income Fund's primary investment objective is to seek to provide current income, with capital appreciation as a secondary investment objective.


The Fund seeks to provide investors broad exposure to the master limited partnership ("MLP") market and the current income that can be generated by this asset class. The Fund intends to comply with all restrictions related to registered investment companies including limiting its investments in publicly-traded MLPs to 25%, thereby avoiding taxation as a C-corporation under the Internal Revenue Code. MLPs are able to trade on public securities exchanges like the shares of a corporation, without entity-level taxation.

  • The Fund’s direct MLP investments are typically expected to comprise 20-50 different holdings.
  • Additionally, the Fund will invest in MLP-related securities that seek to replicate the returns of MLPs, including investments that have similar economic characteristics as MLPs in that they derive their returns significantly from an MLP index, a single MLP, or collection of MLPs, as well as MLP-linked derivatives such as swaps, options and exchange traded notes, as well as associated cash equivalent positions.

Portfolio Management


Class Ex-Date Record Date Payable Date STCG LTCG Income Total Available Notices
Section 19a
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Distributions data is unavailable at this time.
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P.O. Box 8556
Denver, CO 80201

Overnight Address:

1290 Broadway, Suite 1100
Denver, CO 80203




Emerald Mutual Funds: (855) 828-9909

Emerald Broker Services: (800) 722-4123