1919 Financial Services Fund Class I (LMRIX)
| Fund Assets | 120.29M |
| Expense Ratio | 1.21% |
| Min. Investment | $1,000,000 |
| Turnover | 4.00% |
| Dividend (ttm) | 3.15 |
| Dividend Yield | 10.30% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 10, 2024 |
| Previous Close | 30.87 |
| YTD Return | 4.02% |
| 1-Year Return | 22.71% |
| 5-Year Return | 102.64% |
| 52-Week Low | 26.43 |
| 52-Week High | 34.86 |
| Beta (5Y) | n/a |
| Holdings | 43 |
| Inception Date | Mar 25, 2008 |
About LMRIX
The 1919 Financial Services Fund Class I is an actively managed mutual fund focused on achieving long-term capital appreciation by investing primarily in equity securities. Its investment strategy typically involves allocating at least 80% of its assets to common stocks of companies within the financial sector, spanning both domestic and international markets. The fund emphasizes a diversified approach, with significant exposure to commercial banks, insurance firms, capital markets, diversified financial services, and related technology and professional service providers. Portfolio managers use bottom-up fundamental analysis to identify attractively valued financial companies with strong growth potential. The fund is designed for investors seeking targeted exposure to cyclical and secular growth opportunities within the global financial industry, and it benefits from the expertise of an experienced investment team and a research-driven investment process. Managed by 1919 Investment Counsel, this fund plays a specialized role for those looking to participate in the evolving financial services landscape.
Performance
LMRIX had a total return of 22.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.12%.
Top 10 Holdings
48.87% of assets| Name | Symbol | Weight |
|---|---|---|
| JPMorgan Chase & Co. | JPM | 8.53% |
| Chubb Limited | CB | 6.15% |
| Visa Inc. | V | 5.76% |
| Intercontinental Exchange, Inc. | ICE | 4.68% |
| Berkshire Hathaway Inc. | BRK.B | 4.39% |
| Coastal Financial Corporation | CCB | 4.39% |
| Bank of America Corporation | BAC | 4.16% |
| Ameriprise Financial, Inc. | AMP | 3.90% |
| Brown & Brown, Inc. | BRO | 3.79% |
| QCR Holdings, Inc. | QCRH | 3.13% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 10, 2024 | $3.14727 | Dec 10, 2024 |