About FIDAX
John Hancock Financial Industries Fund Class A is a mutual fund focused on capital appreciation through investments in the financial sector. The fund typically allocates at least 80% of its net assets to equity securities of U.S. and international financial services companies spanning all market capitalizations. Its portfolio encompasses banks, thrifts, financial technology firms, brokerage and advisory companies, real estate-related businesses, insurance providers, and financial holding companies. This broad sector exposure enables the fund to capture growth and value opportunities across the evolving landscape of global finance.
The fund may invest a modest portion of assets in both investment-grade and non-investment-grade bonds, adding diversification to its predominantly equity-oriented approach. Employing fundamental analysis to select companies that appear undervalued relative to their financial metrics, the fund’s strategy seeks to capitalize on market inefficiencies within the financial industry. With a history dating back to 1996, the fund plays a specialized role in the market by targeting the financial sector, appealing to investors seeking dedicated exposure to the drivers and trends within banking, insurance, fintech, and related financial services industries.
Fund Family John Hancock
Category Financial
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol FIDAX
Share Class Class A
Index S&P 500 Financials TR
FIDAX had a total return of 8.13% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.40%.
