Appleseed Fund
APPLX
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- Appleseed Fund (APPLX) is a go-anywhere global value mutual fund that seeks to generate market-beating returns through prudent, disciplined, and sustainable investments in undervalued, responsibly managed companies across a wide range of asset classes, geographies, industries, and market capitalizations. The fund offers Investor Class shares (APPLX) with a minimum investment of $2,500 and no-load, no 12b-1 fees; Institutional Class shares (APPIX, launched January 31, 2011) with adjusted performance reflecting lower fees; and integrates environmental, social, and governance (ESG) criteria alongside absolute value analysis to prioritize long-term holdings and mitigate permanent capital loss risk, with portfolio managers maintaining significant personal ownership in the fund. Top holdings as of September 30, 2025, include Sprott Physical Gold Trust (8.21%), AerCap Holdings NV (6.71%), Lumentum Holdings Inc 0.500% 12/15/2026 (6.23%), Dollar General Corp (4.78%), and Lululemon Athletica Inc (3.95%), among others focused on commodities, equities, and real estate investment trusts. Managed by Appleseed Capital, the institutional investment arm of Pekin Hardy Strauss Wealth Management—a Chicago-based firm founded in 1990 and certified as a B Corporation since 2015—the fund was launched on December 8, 2006, with headquarters in Chicago, Illinois. It targets foundations, endowments, corporate retirement plans, investment consultants, registered investment advisers, family offices, and individual investors seeking impact investing aligned with financial objectives. The fund maintains a net expense ratio of 1.21% for APPLX (gross 1.69%) and 1.02% for APPIX (gross 1.44%) through contractual waivers until January 31, 2026, alongside a 2.00% ninety-day redemption fee; annualized returns as of September 30, 2025, show 16.45% (1-year), 9.42% (3-year), 11.11% (5-year), and 6.31% since inception for APPLX, outperforming the Morningstar Global Small-Mid Cap Index in recent short-term periods. No major acquisitions, partnerships, funding rounds, or strategic shifts have been publicly reported in the last 1-2 years, with ongoing emphasis on independent thinking, global diversification, and ESG integration amid stable operations.