Mutual Fund Insights: FBR Large Cap Financial Fund (FBRFX)

In-depth Analysis of FBR Large Cap Financial Fund (FBRFX)

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See FBR Large Cap Financial Fund (FBRFX) performance details as of February 28, 2010

  

Last Trade: $14.22 on 3/19/2010, Change: -0.12 (-0.84%)

  

Fund Manager - David Ellison

Fund Manager Tenure: 13.2 years   [Similar Funds: FBRSX  FBRUX  FBRWX ]
Fundmojo Fund Grade: A (Score: 0.76)     (What does this score mean?)

David Ellison is currently a portfolio manager with FBR Fund Advisers, Inc. Previously, David Ellison was a portfolio manager with Fidelity Investments. David Ellison joined Fidelity in 1983 as an analyst following savings and loans, investment brokers, money managers, consumer finance, mortgage banking, electrical equipment, and shipping. David Ellison is a member of the Boston Security Analysts Society. David Ellison has written articles for American Banker and Worth Magazine.  Get more insights on David Ellison

  

 What we like about FBR Large Cap Financial Fund (FBRFX)

Data for FBR Large Cap Financial Fund (FBRFX) as of February 28, 2010

• FBR Large Cap Financial Fund (FBRFX) management has been with FBR Large Cap Financial Fund for 13.2 years
• FBR Large Cap Financial Fund (FBRFX) has good mid-term performance (3-year return -5.00% vs -15.02 % Financial category average)
• FBR Large Cap Financial Fund (FBRFX) has good Long-term performance (5-year return 0.19% vs -5.58 % Financial category average)
• FBR Large Cap Financial Fund (FBRFX) has a Morningstar rating of 4 and above
• FBR Large Cap Financial Fund (FBRFX) is less volatile than its peers as it has a 3-year Standard Deviation of 22.42, lower than category average of 28.76

  

 What we are cautious about FBR Large Cap Financial Fund (FBRFX)

Data for FBR Large Cap Financial Fund (FBRFX) as of February 28, 2010

• FBR Large Cap Financial Fund is a focused fund with 48.97% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• FBR Large Cap Financial Fund (FBRFX) has a less-than-ideal short-term performance (1-year return 67.42% vs 75.16 % Financial category average)
• FBR Large Cap Financial Fund (FBRFX) ratio of up-years vs down years can be improved
• FBR Large Cap Financial Fund (FBRFX) has an annual stock turnover rate of 220.00% that is higher than the Financial average of 202.29%. This could mean FBR Large Cap Financial is more nimble, but also signal potential high tax impact and high trading fees
• FBR Large Cap Financial Fund (FBRFX) has a higher management fee of 1.81% than its Financial average of 1.72%
• Even though FBR Large Cap Financial Fund carries no load, it does have a 0.25% of 12b1 promotion, distributions, marketing expenses

See FBR Large Cap Financial Fund (FBRFX) performance details as of February 28, 2010

  

  

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FBR Large Cap Financial Fund (FBRFX) Net Asset

Track net asset change of FBR Large Cap Financial fund (FBRFX)

Date	Net Asset
02/2010	$30.93M
01/2010	$34.29M
11/2009	$34.61M

More historic net asset information on FBR Large Cap Financial Fund (FBRFX)

  

FBR Large Cap Financial Fund (FBRFX) Portfolio Allocation

Track portfolio allocation change of FBR Large Cap Financial fund (FBRFX)

Date	Cash	Stock	Bond	Other
09/2009	3.19%	96.8%	0%	0%
06/2009	9.55%	90.46%	0%	0%
03/2009	17.57%	82.43%	0%	0%

Click here to see more historic asset allocation information on FBR Large Cap Financial Fund (FBRFX)

  

Most Recent Top 10 Holdings in FBR Large Cap Financial Fund (FBRFX)

Discover what FBR Large Cap Financial Fund (FBRFX) manager is buying

30-Sep-09 P N C FIN SVCS GR [5.36%] BK OF AMERICA CP [5.22%] JP MORGAN CHASE CO [5.13%] COMERICA INC [5.07%] KEYCORP [4.61%] WELLS FARGO & CO NEW [4.44%] CITIGROUP INC [4.14%] Hudson City Bancorp, Inc. [4%] ALLSTATE CP [3.72%] METLIFE INC [3.68%]

30-Jun-09 BK OF AMERICA CP [5.93%] JP MORGAN CHASE CO [5.57%] SUNTRUST BANKS [5.45%] WELLS FARGO & CO NEW [4.95%] GOLDMAN SACHS GRP [4.88%] MORGAN STANLEY [4.78%] P N C FIN SVCS GR [4.75%] COMERICA INC [4.6%] PRUDENTIAL FINCL INC [4.22%] CAPITAL ONE FINANCIA [4.17%]

31-Mar-09 JP MORGAN CHASE CO [5.84%] KEYCORP [5.6%] BK OF AMERICA CP [5.42%] SUNTRUST BANKS [5.33%] CAPITAL ONE FINANCIA [4.54%] M&T BANK CORP [4.45%] AMER EXPRESS INC [4.03%] VISA INC. [3.79%] MORGAN STANLEY [3.62%] METLIFE INC [3.45%]

Click here for Stock Holding Change Map in FBR Large Cap Financial Fund (FBRFX)

  

Related books and products to FBR Large Cap Financial Fund (FBRFX)

  

Latest News on FBR Large Cap Financial (FBRFX)

See what is happening with FBR Large Cap Financial Fund (FBRFX)

[video] Be Patient With Banks (at TheStreet.com) See more news on FBR Large Cap Financial Fund (FBRFX)

 

Books and Resources

 

 

See more information on FBR Large Cap Financial Fund (FBRFX)

• FBR Large Cap Financial Fund Insights
• FBR Large Cap Financial Fund Performance Data
• FBR Large Cap Financial Fund News
• FBR Large Cap Financial Fund Score Explaination
• FBR Large Cap Financial Fund Manager Information
• Historic FBR Large Cap Financial Fund Asset Allocation Report
• Historic FBR Large Cap Financial Fund Top 10 Holding Tracking
• Historic FBR Large Cap Financial Fund Asset Under Management Tracking