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...