Overview
Emerald Mutual Fund Advisers Trust (“EMFAT”) is a registered investment adviser
investing our client’s assets primarily in U.S. domestic equity securities. Our
investment strategies include small cap growth, small cap value, mid and large
capitalization stocks. EMFAT has been providing discretionary advisory services to
Registered Investment Companies since it was founded in 2005.
EMFAT is a wholly-owned subsidiary of Emerald Advisers, LLC.
As of December 31, 2023, EMFAT had approximately $1.9 billion in discretionary
assets under management.
Advisory Services:
For EMFAT’s Small Capitalization products we seek to maximize returns and
minimize risks by capitalizing on the inefficiencies inherent in today’s small cap
markets.
Our Small Cap Growth product objective is to outperform its Russell 2000 Growth
Index benchmark by investing in companies with the following attributes:
Capitalization less than or equal to the largest in the Russell 2000
Competitive advantages
Leadership position
Growth rate exceeds peer group
Differentiated growth drivers
Under-researched by the Street
The Small Cap product and Insights Fund will include some form of general
economic overview, but will concentrate more heavily on fundamental, bottom-up
research to identify unrecognized, under-researched companies and their suitability
for our client’s objectives. We will review a company’s annual report, 10-k filings
and other published
information gained from news sources, brokerage reports and
recommendations. Whenever possible we will seek to discuss a particular company
with its senior management, employees, customers, competitors and brokerage
researchers who specifically follow that company or its industry. In-person visits
with company management are desirable whenever possible. Emerald also
leverages the use of adaptable video-conferencing capabilities when such on-site
meetings are not feasible.
For EMFAT’s Diversified Financial Services product, through our stock selection
process, provides a broad industry mix of financial stocks resulting in diversification
within the financial sector. With fewer industry analysts covering community banks,
portfolio management seeks to capitalize on undervalued and under-researched
opportunities. This product has a growth stock orientation as portfolio management
seeks growing companies in a traditional value sector. The selection process
incorporates a focus on high asset quality and attractive valuation along with the
following key factors:
Strong management & corporate governance
Focused & disciplined business strategy
Growing & defensible market niche
Strong financial condition - Not interested in turnarounds or acquisitions.
Undervalued
EMFAT may accept client-imposed restrictions in our investment adviser accounts.
Certain restrictions such as no tobacco or adherence to MacBride principles are
accepted.