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Appleseed Fund’s Q2 2024 Investor Letter

Appleseed Fund, an investment management company, released its second-quarter 2024 investor letter. The fund’s Investor Class generated an absolute return of 17.36% over the 6 months that ended March 31, 2024, compared to the Morningstar Global Small/Midcap Index’s 18.46% return. Appleseed Fund was positioned for an inflationary, slow-growth environment for most of the previous year. The cautious position of the Appleseed Fund prevented investment gains even while inflation levels have been lowering and the stock market has been raging since the end of 2022. In addition, Appleseed’s...