About FIDCX
John Hancock Financial Industries Fund Class C is a mutual fund focused on delivering capital appreciation by investing primarily in the financial services sector. The fund typically allocates at least 80% of its net assets to equity securities of both U.S. and foreign companies that operate within financial industries, including banks, insurance firms, capital markets, and related institutions. Employing a fundamental analysis approach, the fund seeks to identify securities that appear undervalued relative to their intrinsic worth, emphasizing mid-value equity holdings that may be positioned for long-term growth.
Notable features of the fund include a diversified portfolio with a concentration in leading financial corporations such as M&T Bank, Bank of America, Wells Fargo, and JPMorgan Chase. The fund may also hold a limited allocation to fixed income and derivative instruments to enhance returns or manage risk. With an expense ratio of approximately 1.97% and a moderate turnover rate, the fund provides investors exposure to the economic, regulatory, and market dynamics that influence the financial services sector, a critical engine of broader economic activity.
Fund Family John Hancock
Category Financial
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol FIDCX
Share Class Class C
Index S&P 500 Financials TR
FIDCX had a total return of 5.30% in the past year, including dividends. Since the fund's
inception, the average annual return has been 13.56%.
