1919 Financial Services Fund
Data updated: 2024-03-15
C000146530 — 1919 Financial Services Fund. United States Multi-Cap / All-Cap Value Financials Equity. Holdings, fees, performance and SEC filings.
C000146530 Fund Overview
1919 Financial Services Fund is a US mutual fund managed by Trust for Advised Portfolios, categorised as United States Multi-Cap / All-Cap Value Financials Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Trust for Advised Portfolios
- Category: United States Multi-Cap / All-Cap Value Financials Equity
- Assets under management: $119.64M
- 1-year return: 1.4%
- SEC CIK: 0001261788
- SEC series ID: S000046891
- Share class ID: C000146530
C000146530 Investment Objective and Strategy
1919 Financial Services Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Trust for Advised Portfolios.
Investment objective
The 1919 Financial Services Fund (the Financial Services Fund or the Fund) seeks long-term capital appreciation by investing primarily in common stocks.
Principal investment strategy
Under normal circumstances, the Financial Services Fund invests at least 80% of its net assets in equity securities of issuers in the financial services industry that the Adviser believes are undervalued and thus may offer above-average potential for capital appreciation. Issuers in the financial services industry include companies that derive more than 50% of their revenues from providing products and services to the financial services industry, including software, hardware, publishing, news services, credit research and ratings services, internet services and business services. The Fund may invest in securities of companies of any market capitalization. The Adviser analyzes an issuers financial statements to determine earnings per share potential and reviews, as appropriate, the economy where the issuer does business, the products offered, the issuers potential to benefit from industry changes and the strength and goals of management.
The Financial Services Fund may invest its assets in securities of foreign financial services companies, including companies in emerging market countries. The Fund may invest in fixed income securities, including high yield securities or junk bonds. The Fund may invest in shares of open-end mutual funds or unit investment trusts that are traded on a stock exchange, called exchange traded funds (ETFs). The Financial Services Fund may engage in a variety of transactions using derivatives, such as futures and options on securities, securities indexes or currencies; options on these futures; interest rate or currency swaps; and forward foreign currency transactions for any of the following purposes: to settle transactions in securities quoted in foreign currencies; as a hedging technique in an attempt to manage risk in the Funds portfolio; as a substitute for buying or selling securities, as a cash flow management technique, and to manage its exposure to foreign securities.
The Financial Services Fund may depart from its principal investment strategies in response to adverse market, economic or political conditions by taking temporary defensive positions, including by investing without limit in any type of money market instruments, short-term fixed income securities or cash without regard to any percentage limitations. Although the Adviser has the ability to take defensive positions, it may choose not to do so for a variety of reasons, even during volatile market conditions. The Financial Services Fund is classified as non-diversified, which means it may invest a larger percentage of its assets in a smaller number of issuers than a diversified fund. The Financial Services Fund may also use other strategies and invest in other securities that are described, along with their risks, in the SAI.
However, the Fund might not use all of the strategies and techniques or invest in all of the types of securities described in this Prospectus or in the SAI.
C000146530 Holdings
Top 10 holdings of 1919 Financial Services Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Chubb Ltd | 7.07% |
| JPMorgan Chase & Co | 6.07% |
| Ameriprise Financial Inc | 4.19% |
| Visa Inc | 4.13% |
| US Bancorp | 3.81% |
| Intercontinental Exchange Inc | 3.54% |
| Fiserv Inc | 3.41% |
| Brown & Brown Inc | 3.41% |
| Charles Schwab Corp/The | 3.29% |
| Bank of America Corp | 3.21% |
C000146530 Portfolio Allocation
Asset-class allocation of 1919 Financial Services Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.7% |
| Cash & Equivalents | 2.5% |
C000146530 Performance
Total returns for C000146530 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 1.4% |
| 3 years (annualised) | 4.5% |
C000146530 Risk Information
Risk metrics for C000146530, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 25.6%
C000146530 Costs and Fees
C000146530 costs about $136 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.36%
- Gross expense ratio: 1.36%
- Portfolio turnover: 4%
- Brokerage commissions: 3.97 bps of average net assets (SEC N-CEN)
C000146530 Cashflows
Over the 12 months to 2023-12, 1919 Financial Services Fund had net inflows of $87.89M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-12 | $16.59M |
| 2023-11 | $3.88M |
| 2023-10 | $8.83M |
| 2023-09 | $6.02M |
| 2023-08 | $5.84M |
| 2023-07 | $4.98M |
C000146530 Debt Constituents
No individual debt constituents are reported in 1919 Financial Services Fund's latest SEC N-PORT filing.
C000146530 Prospectus and SEC Filings
Official 1919 Financial Services Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-28
- Prospectus (485BPOS) — filed 2022-04-28
- Prospectus supplement (497) — filed 2023-08-31
- Portfolio holdings (N-PORT) — filed 2024-02-29
- Portfolio holdings (N-PORT) — filed 2023-11-29
- Portfolio holdings (N-PORT) — filed 2023-08-29
- Annual census (N-CEN) — filed 2024-03-15
- Annual census (N-CEN) — filed 2023-03-15
Related Funds
Other United States Multi-Cap / All-Cap Value Financials Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.