FBR Large Cap Financial (FBRFX) was founded in December 1996. The investment seeks capital appreciation. It is non-diversified.
The fund normally invests at least 80% of its assets in securities of large capitalization companies that are “principally engaged” in the financial services sector and have a market capitalization of $3 billion or more.
J.P. Morgan Chase & Co. (JPM), KeyCorp (KEY) and Bank of America Corp. (BAC) are among the fund’s top holdings.
FBR Small Cap Financial (FBRSX) seeks long-term capital appreciation by investing primarily in the equity securities of small-cap domestic financial services companies.
The fund employs a consistent, fundamental, bottom-up investment process for selecting companies that meet the criteria necessary for inclusion in the portfolio. It focuses on financial services companies that invest in real estate, usually through mortgages and other consumer-related loans.
David Ellison has been lead manager at the fund since its inception in December 1996. The fund has topped the total returns of its benchmark index in the last 1-, 3-, and 5-year periods.
FBR Focus (FBRVX) seeks long-term capital appreciation by investing primarily in equity securities of small and mid-cap domestic companies.
The fund may invest up to 20% of its total assets in equity securities of companies with larger market capitalizations. As of January 2009, its portfolio turnover was 17%.
Unit holders need to make a minimum initial investment of $2,000 to enter this Zacks #1 Rank (“Strong Buy”) fund. The fund distributes dividends and capital gains, if any, annually.
