Appleseed Fund’s Q3 2023 Investor Letter

Appleseed Fund, an investment management company released its third quarter 2023 investor letter. A copy of the same can be downloaded here. The fund’s Investor Class returned 1.21% over the 12 months that ended September 30, 2023, underperforming the Morningstar Global Small/Midcap Index’s 15.13% return. Throughout the majority of last year, the Appleseed Fund was positioned for an economy of slow growth and inflation. However, with disinflation occurring later in the year, a strong stock market emerged, and Appleseed Fund’s cautious approach held back investment returns. In addition, please check the fund’s top five holdings to know its best picks in 2023.