Top Bank Funds
Financial mutual funds objective is to seek capital appreciation. The funds use its assets to purchase equity securities of U.S. or non-U.S. financial-services companies. The financial companies include banks, brokerage firms, insurance companies, and consumer credit providers.From this best performing funds list, you may find each individual fund review. The fund is sorted based on its past 3 year performance (up to June 2015). Whether it is for your brokerage account or retirement account or 401k plan, you need to find the right fund for your long term plan. You can find the fund performance, expense ratio, and yield or dividend from the table below.
Top performing financial mutual funds 2015 are:- Fidelity Select Brokerage & Investment Management Portfolio (FSLBX)
- T. Rowe Price Financial Services Fund (PRISX)
- Emerald Banking and Finance Fund (FFBFX)
- John Hancock Financial Industries Fund (FIDAX)
- Royce Financial Services Fund (RYFSX)
- Fidelity Select Insurance Portfolio (FSPCX)
- Hennessy Large Cap Financial Fund (HLFNX)
- John Hancock Regional Bank Fund (FRBAX)
- Schwab Financial Services Fund (SWFFX)
- Diamond Hill Financial Long Short Fund (BANCX)
- Fidelity Select Banking Portfolio (FSRBX)
- Fidelity Select Consumer Finance Portfolio (FSVLX)
Fidelity Select Brokerage & Investment Management Portfolio
This Fidelity Select Brokerage & Investment Management Portfolio invests in companies that engaged in stock brokerage, commodity brokerage, investment banking, tax-advantaged investment or investment sales, investment management, or related investment advisory services. The expense fee is 0.79%. This fund has $577 million of assets. The yield is 1.05%.More: Best Performing Financial Sector ETFs 2014
Morningstar has ranked this financial fund with 4 star rating. In 2015, it has a year to date return of 1.24%. The fund has returned 11.94% over the past year and 25.93% over the past 3 year. Top 3 stocks in its portfolio are Invesco Ltd, Ameriprise Financial Inc, and E*Trade Financial Corp.
T. Rowe Price Financial Services Fund
This T. Rowe Price Financial Services Fund has a dividend yield of 1.03%. The expense fee is 0.87%. This no load fund has $543 million of assets. This fund has 3 star rating by Morningstar. It has a 3 year annualized return of 25.07%. The current fund NAV price is $23.66.More: Best Fidelity Mutual Funds 2015
In June 2015, top 5 stocks are Citigroup Inc, JPMorgan Chase & Co, Bank of America Corporation, First Niagara Financial Group Inc, and State Street Corp. Top 3 stocks are financial services (95%), consumer cyclical, and real estate.
Emerald Banking and Finance Fund
This Emerald Banking and Finance Fund is managed by Kenneth G. Mertz II and Steven E. Russell. Ranked with 4 star rating, it has a high expense fee of 1.69%. This best financial fund uses small value investment style. The minimum investment is $2,000.Fund Performance
| Fund Name | Ticker | 3 Year Return % |
|---|---|---|
| Fidelity Select Brokerage & Invmt Mgmt Portfolio | FSLBX | 25.93 |
| T. Rowe Price Financial Services Fund | PRISX | 25.07 |
| Emerald Banking and Finance Fund Investor Class | FFBFX | 23.74 |
| John Hancock Financial Industries Fund Class A | FIDAX | 23.65 |
| Royce Financial Services Fund Service Class | RYFSX | 23.27 |
| Fidelity Select Insurance Portfolio | FSPCX | 23.03 |
| Hennessy Large Cap Financial Fund Investor Class | HLFNX | 22.66 |
| John Hancock Regional Bank Fund Class A | FRBAX | 22.47 |
| Schwab Financial Services Fund | SWFFX | 22.44 |
| Diamond Hill Financial Long Short Fund Class A | BANCX | 22.1 |
| Fidelity Select Banking Portfolio | FSRBX | 21.39 |
| Fidelity Select Consumer Finance Portfolio | FSVLX | 21.34 |
| Putnam Global Financial Fund Class A | PGFFX | 21.26 |
| Fidelity Select Financial Services Portfolio | FIDSX | 21.23 |
| Burnham Financial Services Fund Class A | BURKX | 20.81 |
| Franklin Mutual Financial Services Fund Class A | TFSIX | 20.76 |
| 1919 Financial Services Fund Class A | SBFAX | 20.22 |
| Davis Financial Fund Class A | RPFGX | 20.16 |
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