Today we are featuring top-performing “Financial” equity mutual funds, which primarily invest in stocks of companies that are part of the financial services sector.
Investors can find such funds by checking out the entire list of the Zacks #1 Rank Financial Equity Funds.
3 Solid Examples
JennDry Dryden Financial Services A (PFSAX) seeks long-term capital appreciation by investing in the equity securities of financial services companies worldwide.
The fund is designed for investors belonging to the “baby boomer” generation who need to plan for and fund their retirement. It is also suitable for investors who seek the growth potential associated with investing in financial stocks.
Goldman Sachs Group Inc. (GS), Itau Unibanco (ITUB) and Toronto-Dominion Bank (TD) are among the fund’s key holdings.
Burnham Financial Services A (BURKX) seeks capital appreciation and tries to take advantage of mergers in the U.S. banking industry, focusing on smaller cap financial services companies.
Although it may invest in companies of any size, the fund typically invests in companies with market capitalization of $9.3 billion or less. The fund may invest up to 20% of its assets outside the financial services sector and in debt securities.
Unit holders have to make a minimum initial investment of $2,500 to enter this Zacks#1 Rank (“Strong Buy”) fund. The fund distributes dividends and capital gains annually.
FBR Large Cap Financial (FBRFX) was incepted in December 1996 and seeks capital appreciation by investing primarily in the equity securities of domestic financial services companies. The fund is non-diversified.
The fund normally invests at least 80% of its assets in securities of large capitalization companies “principally engaged” in the business of financial services which have a market capitalization of $3 billion or more.
David Ellison has been lead manager at the fund since its inception. The fund has topped the total returns of its benchmark index in the last 1-, 3- and 5-year periods.
Discover Many More Funds
Learn more about the new Zacks Mutual Fund Rank and discover some of the best market-beating mutual funds by browsing our new mutual funds section. This part of Zacks.com offers a variety of tools, including mutual fund research, a new mutual fund screener, helpful answers to frequently asked questions and quick access to prospectuses and other information.
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward.
