Regional Bank Fund
Fund
JRBFX
Price as of:
$28.54
- $0.38
- 1.31%
Primary Theme
fund company
Name
As of 12/27/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
23.0%
1 yr return
23.0%
3 Yr Avg Return
2.1%
5 Yr Avg Return
6.2%
Net Assets
$748 M
Holdings in Top 10
25.3%
52 WEEK LOW AND HIGH
$28.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.96%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 10.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/27/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
JRBFX - Profile
Distributions
- YTD Total Return 23.0%
- 3 Yr Annualized Total Return 2.1%
- 5 Yr Annualized Total Return 6.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.68%
- Dividend Yield 2.3%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameRegional Bank Fund
-
Fund Family NameJohn Hancock Group of Funds
-
Inception DateSep 09, 2016
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerSusan Curry
Fund Description
Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of regional banks. Because the fund normally invests more than 25% of its assets in equity securities of regional banks, the fund is considered to be “concentrated” in the banking industry. A regional bank is a U.S.-based banking company that primarily operates in one or more regions of the country. Such regional banks may be of any size and may include, but are not limited to, commercial banks, industrial banks, savings and loan associations, and financial and bank holding companies. Typically, these companies provide full-service banking and have primarily domestic assets. Equity securities include, but are not limited to, common and preferred stocks and their equivalents, such as publicly-traded limited partnerships, depositary receipts, rights, and warrants of companies of any market capitalization.The manager focuses primarily on equity securities selection, using fundamental financial analysis to identify securities that appear comparatively undervalued. Given the industrywide trend toward consolidation, the manager may invest in companies that appear to be positioned for a merger.The fund may also invest in other U.S. and foreign financial services companies, such as money center banks. A money center bank is a bank located in a financial center, which deals in national and international financial markets. The fund may invest up to 5% of net assets in stocks of companies outside the financial services sector and up to 5% of net assets in below-investment-grade bonds (i.e., junk bonds) rated as low as CCC by S&P Global Ratings Services or Caa by Moody’s Investors Service, Inc. and their unrated equivalents. The fund’s investment policies are based on credit ratings at the time of purchase.The fund may invest in derivatives to a limited extent. Derivatives may be used to reduce risk, obtain efficient market exposure, and/or enhance investment returns, and may include futures contracts, options, and foreign currency forward contracts.
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JRBFX - Performance
Return Ranking - Trailing
| Period | JRBFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 23.0% | 4.4% | 39.2% | 68.54% |
| 1 Yr | 23.0% | 2.7% | 39.4% | 66.29% |
| 3 Yr | 2.1%* | -16.7% | 16.8% | 71.91% |
| 5 Yr | 6.2%* | -6.4% | 21.2% | 76.40% |
| 10 Yr | N/A* | -0.3% | 14.9% | 25.84% |
* Annualized
Return Ranking - Calendar
| Period | JRBFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -4.9% | -12.2% | 29.3% | 94.38% |
| 2022 | -17.2% | -56.2% | 9.4% | 42.70% |
| 2021 | 33.3% | 1.6% | 54.4% | 25.84% |
| 2020 | -13.0% | -41.2% | 61.3% | 89.89% |
| 2019 | 25.2% | 10.5% | 97.3% | 44.94% |
Total Return Ranking - Trailing
| Period | JRBFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 23.0% | 4.4% | 39.2% | 68.54% |
| 1 Yr | 23.0% | 2.7% | 39.4% | 66.29% |
| 3 Yr | 2.1%* | -16.7% | 16.8% | 71.91% |
| 5 Yr | 6.2%* | -6.4% | 21.2% | 76.40% |
| 10 Yr | N/A* | -0.3% | 14.9% | 25.00% |
* Annualized
Total Return Ranking - Calendar
| Period | JRBFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -1.7% | -8.5% | 32.0% | 92.13% |
| 2022 | -12.0% | -56.2% | 11.4% | 43.82% |
| 2021 | 41.0% | 18.8% | 56.8% | 7.87% |
| 2020 | -9.8% | -41.2% | 61.3% | 89.89% |
| 2019 | 28.0% | 15.1% | 101.7% | 52.81% |
NAV & Total Return History
JRBFX - Holdings
Concentration Analysis
| JRBFX | Category Low | Category High | JRBFX % Rank | |
|---|---|---|---|---|
| Net Assets | 748 M | 1.54 M | 52.8 B | 30.00% |
| Number of Holdings | 106 | 24 | 407 | 19.10% |
| Net Assets in Top 10 | 214 M | 657 K | 22.7 B | 35.96% |
| Weighting of Top 10 | 25.28% | 12.4% | 76.5% | 89.89% |
Top 10 Holdings
- MandT BANK CORP COMMON STOCK USD.5 3.29%
- HUNTINGTON BANCSHARES INC/OH COMMON STOCK USD.01 2.68%
- CITIZENS FINANCIAL GROUP INC COMMON STOCK USD.01 2.63%
- REGIONS FINANCIAL CORP COMMON STOCK USD.01 2.58%
- PINNACLE FINANCIAL PARTNERS IN COMMON STOCK USD1.0 2.53%
- FIFTH THIRD BANCORP COMMON STOCK 2.50%
- JPMORGAN CHASE + CO COMMON STOCK USD1.0 2.39%
- US BANCORP COMMON STOCK USD.01 2.37%
- KEYCORP COMMON STOCK USD1.0 2.23%
- ZIONS BANCORP NA COMMON STOCK USD.001 2.08%
Asset Allocation
| Weighting | Return Low | Return High | JRBFX % Rank | |
|---|---|---|---|---|
| Stocks | 99.34% | 95.73% | 106.77% | 41.57% |
| Cash | 0.66% | 0.07% | 24.47% | 77.53% |
| Preferred Stocks | 0.00% | 0.00% | 3.05% | 77.53% |
| Other | 0.00% | -0.92% | 2.71% | 76.40% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 73.03% |
| Bonds | 0.00% | 0.00% | 3.85% | 76.40% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | JRBFX % Rank | |
|---|---|---|---|---|
| Financial Services | 100.00% | 46.33% | 100.00% | 16.85% |
| Utilities | 0.00% | 0.00% | 0.00% | 73.03% |
| Technology | 0.00% | 0.00% | 43.13% | 76.40% |
| Real Estate | 0.00% | 0.00% | 40.95% | 85.39% |
| Industrials | 0.00% | 0.00% | 5.08% | 77.53% |
| Healthcare | 0.00% | 0.00% | 0.20% | 73.03% |
| Energy | 0.00% | 0.00% | 0.00% | 73.03% |
| Communication Services | 0.00% | 0.00% | 4.06% | 75.28% |
| Consumer Defense | 0.00% | 0.00% | 4.21% | 73.03% |
| Consumer Cyclical | 0.00% | 0.00% | 42.54% | 75.28% |
| Basic Materials | 0.00% | 0.00% | 0.00% | 73.03% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | JRBFX % Rank | |
|---|---|---|---|---|
| US | 99.34% | 0.00% | 106.77% | 32.58% |
| Non US | 0.00% | 0.00% | 99.35% | 79.78% |
JRBFX - Expenses
Operational Fees
| JRBFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.96% | 0.08% | 13.33% | 58.43% |
| Management Fee | 0.78% | 0.03% | 1.25% | 62.22% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 11.36% |
| Administrative Fee | N/A | 0.10% | 0.25% | N/A |
Sales Fees
| JRBFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| JRBFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| JRBFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 10.00% | 3.00% | 406.00% | 19.23% |
JRBFX - Distributions
Dividend Yield Analysis
| JRBFX | Category Low | Category High | JRBFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.32% | 0.00% | 11.71% | 31.11% |
Dividend Distribution Analysis
| JRBFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| JRBFX | Category Low | Category High | JRBFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.68% | -0.76% | 10.57% | 42.70% |
Capital Gain Distribution Analysis
| JRBFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2024 | $0.171 | OrdinaryDividend |
| Dec 20, 2024 | $2.239 | CapitalGainLongTerm |
| Sep 23, 2024 | $0.166 | OrdinaryDividend |
| Mar 21, 2024 | $0.111 | OrdinaryDividend |
| Dec 19, 2023 | $0.211 | OrdinaryDividend |
| Dec 19, 2023 | $0.091 | CapitalGainLongTerm |
| Sep 22, 2023 | $0.138 | OrdinaryDividend |
| Jun 23, 2023 | $0.166 | OrdinaryDividend |
| Mar 24, 2023 | $0.138 | OrdinaryDividend |
| Dec 19, 2022 | $1.285 | OrdinaryDividend |
| Sep 23, 2022 | $0.159 | OrdinaryDividend |
| Jun 23, 2022 | $0.113 | OrdinaryDividend |
| Mar 24, 2022 | $0.106 | OrdinaryDividend |
| Dec 17, 2021 | $1.459 | OrdinaryDividend |
| Sep 23, 2021 | $0.123 | OrdinaryDividend |
| Jun 24, 2021 | $0.114 | OrdinaryDividend |
| Mar 25, 2021 | $0.101 | OrdinaryDividend |
| Dec 18, 2020 | $0.230 | OrdinaryDividend |
| Sep 24, 2020 | $0.144 | OrdinaryDividend |
| Jun 24, 2020 | $0.147 | OrdinaryDividend |
| Mar 25, 2020 | $0.131 | OrdinaryDividend |
| Dec 13, 2019 | $0.134 | OrdinaryDividend |
| Dec 13, 2019 | $0.070 | CapitalGainLongTerm |
| Sep 24, 2019 | $0.131 | OrdinaryDividend |
| Jun 24, 2019 | $0.116 | OrdinaryDividend |
| Mar 25, 2019 | $0.112 | OrdinaryDividend |
| Dec 14, 2018 | $0.108 | OrdinaryDividend |
| Dec 14, 2018 | $0.022 | CapitalGainShortTerm |
| Dec 14, 2018 | $0.164 | CapitalGainLongTerm |
| Sep 24, 2018 | $0.089 | OrdinaryDividend |
| Jun 25, 2018 | $0.070 | OrdinaryDividend |
| Mar 26, 2018 | $0.059 | OrdinaryDividend |
| Dec 15, 2017 | $0.072 | OrdinaryDividend |
| Dec 15, 2017 | $0.020 | CapitalGainShortTerm |
| Dec 15, 2017 | $0.360 | CapitalGainLongTerm |
| Sep 25, 2017 | $0.068 | OrdinaryDividend |
| Jun 26, 2017 | $0.055 | OrdinaryDividend |
| Mar 27, 2017 | $0.039 | OrdinaryDividend |
| Dec 16, 2016 | $0.054 | OrdinaryDividend |
| Dec 16, 2016 | $0.030 | CapitalGainShortTerm |
| Dec 16, 2016 | $0.598 | CapitalGainLongTerm |
| Sep 26, 2016 | $0.058 | OrdinaryDividend |
JRBFX - Fund Manager Analysis
Managers
Susan Curry
Start Date
Tenure
Tenure Rank
May 01, 2006
16.09
16.1%
Susan is a managing director and portfolio manager at John Hancock Asset Management, where she's a member of the financial institutions team. She joined the company in 1998 as a senior product manager for institutional investments and services, responsible for marketing support of the firm’s equity strategies. She joined the financial institutions team in 2004 as an investment analyst. She began her career at Fidelity Investments in 1993, where she served as a research analyst. Susan earned a B.A. from the University of Massachusetts Amherst and an M.S. from Brandeis University.
Ryan Lentell
Start Date
Tenure
Tenure Rank
Jul 01, 2015
6.92
6.9%
Ryan P. Lentell, CFA, is Managing Director and Portfolio Manager. Ryan has joined John Hancock Asset Management a division of Manulife Asset Management (US) LLC in 2008. Ryan began business career in 1999.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 25.42 | 9.61 | 4.58 |