Persimmon Long/Short Fund (LSEIX)
In pursuing its investment objective, the Adviser utilizes three strategies: (i) selecting individual equity securities, (ii) hedging that seeks to mitigate the downside risk of equities during unfavorable markets, and (iii) seeking to minimize shareholders' tax liability in connection with the fund's distribution of realized capital gains. Under normal market conditions, the fund pursues its investment objective by investing at least 80% of its net assets in U.S. exchange listed common stock, preferred stock and depositary receipts ("Equity Instruments").
Fund Info
| ISIN | US66538E7702 |
|---|---|
| Issuer | Persimmon Funds |
| Inception Date | Dec 30, 2012 |
| Category | Long-Short |
| Min. Investment | $100,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
LSEIX has a high expense ratio of 1.91%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Persimmon Long/Short Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Persimmon Long/Short Fund had a return of 15.16% year-to-date (YTD) and 24.20% in the last 12 months. Over the past 10 years, Persimmon Long/Short Fund had an annualized return of 5.17%, while the S&P 500 had an annualized return of 10.92%, indicating that Persimmon Long/Short Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 15.16% | 17.95% |
| 1 month | 2.64% | 3.13% |
| 6 months | 8.97% | 9.95% |
| 1 year | 24.20% | 24.88% |
| 5 years (annualized) | 8.73% | 13.37% |
| 10 years (annualized) | 5.17% | 10.92% |
Monthly Returns
The table below presents the monthly returns of LSEIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.06% | 4.13% | 3.03% | -3.78% | 4.14% | 3.14% | 0.54% | 3.10% | 15.16% | ||||
| 2023 | 2.63% | -2.14% | 1.40% | 0.86% | -0.68% | 4.90% | 2.30% | -1.20% | -3.41% | -1.26% | 8.08% | 3.78% | 15.70% |
| 2022 | -3.71% | -2.95% | 3.30% | -4.58% | 0.09% | -4.20% | 6.26% | -2.10% | -4.73% | 3.52% | 3.49% | -3.96% | -9.95% |
| 2021 | -2.08% | 0.83% | 2.75% | 4.91% | -0.60% | 1.37% | 1.35% | 2.33% | -3.66% | 5.24% | -0.96% | 2.68% | 14.67% |
| 2020 | -0.39% | -3.05% | -6.49% | 5.64% | 2.36% | -0.30% | 2.92% | 6.26% | -3.40% | -1.33% | 4.83% | 1.66% | 8.13% |
| 2019 | 1.43% | 0.60% | 0.20% | 1.10% | -1.97% | 2.31% | -0.10% | 0.79% | -1.66% | 0.00% | 0.69% | 1.86% | 5.28% |
| 2018 | 4.62% | -4.15% | -1.29% | -1.49% | 2.65% | -0.18% | -0.28% | 3.52% | 0.18% | -5.81% | -1.90% | -1.65% | -6.10% |
| 2017 | 0.98% | 2.54% | 0.95% | 1.32% | 1.12% | 0.46% | 1.65% | 0.36% | 0.81% | 2.32% | 0.00% | 0.15% | 13.39% |
| 2016 | -3.01% | -1.84% | 2.56% | -0.77% | 0.49% | -2.12% | 1.48% | -0.97% | 1.96% | -1.83% | -0.78% | 0.10% | -4.79% |
| 2015 | -2.85% | 3.12% | 1.19% | 0.18% | 0.45% | -0.54% | 2.08% | -1.15% | -2.06% | 3.30% | 0.80% | -1.68% | 2.66% |
| 2014 | -0.90% | 1.46% | -0.45% | -2.08% | 0.46% | 1.57% | -0.90% | 1.74% | -0.99% | 0.82% | 1.26% | -0.06% | 1.84% |
| 2013 | 0.50% | -0.50% | 1.20% | 0.10% | 1.68% | -0.78% | 1.96% | 0.19% | 1.82% | 1.13% | 1.40% | 1.28% | 10.40% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of LSEIX is 88, placing it in the top 12% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Persimmon Long/Short Fund (LSEIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Persimmon Long/Short Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.34 | $0.67 | $0.00 | $0.52 | $0.36 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.23% | 3.49% | 6.18% | 0.00% | 4.88% | 3.28% |
Monthly Dividends
The table displays the monthly dividend distributions for Persimmon Long/Short Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.67 | $0.67 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.52 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Persimmon Long/Short Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Persimmon Long/Short Fund was 19.92%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.
The current Persimmon Long/Short Fund drawdown is 0.85%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.92% | Jan 29, 2018 | 541 | Mar 23, 2020 | 114 | Sep 2, 2020 | 655 |
| -13.42% | Jan 4, 2022 | 197 | Oct 14, 2022 | 284 | Dec 1, 2023 | 481 |
| -8.53% | Nov 9, 2015 | 248 | Nov 3, 2016 | 145 | Jun 5, 2017 | 393 |
| -7.19% | Sep 3, 2020 | 14 | Sep 23, 2020 | 74 | Jan 8, 2021 | 88 |
| -6.01% | Jul 17, 2024 | 16 | Aug 7, 2024 | 17 | Aug 30, 2024 | 33 |
Volatility
Volatility Chart
The current Persimmon Long/Short Fund volatility is 3.53%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.