# Emerald Finance and Banking Innovation Fund (FFBFX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ffbfx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 2010-03-16 The Emerald Finance and Banking Innovation Fund is typically mandated to commit at least 80% of its total investable capital—which includes its net assets along with any funds borrowed for investment purposes—to the banking and financial services industries. This allocation can be achieved by investing in equity securities (both common and preferred shares) of companies whose primary operations are within these sectors, or through collective investment vehicles that, in turn, invest in such financial institutions. ## Key Facts | Metric | Value | |---|---| | Price | $29.60 | | Expense Ratio | 1.89% | | AUM (All Share Classes) | $41.5M | | NAV | $29.60 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Irregular | | 52-Week Range | $25.68 – $32.75 | | Beta | 1.19 | ## Latest Distribution - Amount: $0.5571 /share - Ex-date: 2024-07-10 - Pay date: 2024-07-11 ## Frequently Asked Questions ### What does FFBFX invest in? The Emerald Finance and Banking Innovation Fund is typically mandated to commit at least 80% of its total investable capital—which includes its net assets along with any funds borrowed for investment purposes—to the banking and financial services industries. This allocation can be achieved by investing in equity securities (both common and preferred shares) of companies whose primary operations are within these sectors, or through collective investment vehicles that, in turn, invest in such financial institutions. ### What is the expense ratio of FFBFX? Emerald Finance and Banking Innovation Fund (FFBFX) charges an expense ratio of 1.89%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FFBFX? Emerald Finance and Banking Innovation Fund (FFBFX) is one share class of a fund that manages $41.5M across all of its share classes (HSSAX, HSSCX, HSSIX report the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is FFBFX actively managed or an index fund? FFBFX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (FFBFX's is 1.89%) in exchange for the discretion to over- or under-weight positions. ### When was FFBFX launched? Emerald Finance and Banking Innovation Fund (FFBFX) launched in March 2010 and is managed by the fund issuer. ### How has FFBFX performed? FFBFX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does FFBFX pay a dividend? Emerald Finance and Banking Innovation Fund (FFBFX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FFBFX pay dividends? Emerald Finance and Banking Innovation Fund pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FFBFX's dividend yield? FFBFX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is FFBFX's next ex-dividend date? The most recently announced ex-dividend date for FFBFX was 2024-07-10. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will FFBFX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.89% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FFBFX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FFBFX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FFBFX cost more than a fund like VOO? FFBFX is actively managed (current expense ratio 1.89%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether FFBFX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to FFBFX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FFBFX (1.89%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ffbfx - Distribution history: https://www.dividenddata.com/funds/ffbfx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ffbfx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ffbfx/expenses - Peer comparison: https://www.dividenddata.com/funds/ffbfx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.