FRBAX Performance — Regional Bank Fund, Class A
Data updated: 2026-09-25
FRBAX returned +19.79% year to date and +33.10% over one year to Jul 2026. Annualised returns are +21.51% over 3 years and +9.78% over 5 years. The fund beat its Financials Equity category average: $100 invested three years ago grew to $179, against $152 for the category, and to $133 over one year, against $114. Volatility over the past three years was 23.45% a year. In the 12 months to Jul 2026 the fund lost a net $25.0M, and assets reached $959.73M.
FRBAX Growth of $100
What $100 invested in Regional Bank Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Financials Equity category average over the same months.
| Period | FRBAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $133 | $114 |
| 3 years (Aug 2023 – Jul 2026) | $179 | $152 |
| 5 years (Aug 2021 – Jul 2026) | $159 | $147 |
| Since data start (Aug 2019 – Jul 2026) | $191 | $188 |
FRBAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +19.79% |
| 1 year | +33.10% |
| 3 years (annualised) | +21.51% |
| 5 years (annualised) | +9.78% |
FRBAX Annual Returns
Calendar-year total returns of Regional Bank Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +19.79% |
| 2025 | +11.10% |
| 2024 | +22.37% |
| 2023 | −1.95% |
| 2022 | −12.25% |
| 2021 | +40.60% |
| 2020 | −10.07% |
| 2019 (Aug–Dec) | +8.01% |
FRBAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +5.2% | −2.7% | −1.6% | +6.8% | +0.1% | +8.7% | +2.3% | — | — | — | — | — |
| 2025 | +4.6% | −2.0% | −7.9% | −3.2% | +4.5% | +5.2% | −0.4% | +8.8% | −2.7% | −4.2% | +5.4% | +3.9% |
| 2024 | −5.1% | −2.6% | +6.0% | −6.1% | +4.2% | +1.8% | +18.0% | +0.2% | −1.4% | +3.2% | +14.2% | −8.7% |
| 2023 | +4.1% | −0.9% | −21.8% | −4.5% | −7.4% | +6.5% | +17.2% | −8.1% | −4.8% | −3.8% | +12.3% | +16.6% |
| 2022 | +1.8% | +1.6% | −6.1% | −9.2% | +4.1% | −8.8% | +7.3% | −1.3% | −5.2% | +9.8% | +2.6% | −7.3% |
| 2021 | +3.1% | +16.3% | +6.4% | +3.5% | +3.5% | −6.8% | −3.1% | +4.7% | +4.1% | +4.6% | −2.8% | +2.7% |
| 2020 | −7.4% | −11.9% | −28.9% | +12.3% | −0.5% | +2.0% | −2.9% | +3.7% | −5.6% | +13.2% | +16.2% | +8.8% |
| 2019 | — | — | — | — | — | — | — | −8.3% | +6.2% | +2.7% | +4.2% | +3.7% |
FRBAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 23.45%
- 3-year Sharpe ratio: 0.73 (vs 4.5% risk-free rate)
- Best month: +18.02% (Jul 2024)
- Worst month: −8.67% (Dec 2024)
FRBAX Fund Flows
Monthly money in and out of Regional Bank Fund, from SEC Form N-PORT.
- 12-month net flow: −$25.0M
- 12-month gross sales (incl. reinvestments): $137.5M
- Sales ÷ redemptions: 0.85×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $15.8M | $12.7M | $3.1M |
| Jun 2026 | $8.0M | $12.6M | −$4.6M |
| May 2026 | $2.5M | $8.8M | −$6.3M |
| Apr 2026 | $3.3M | $12.1M | −$8.9M |
| Mar 2026 | $8.4M | $12.6M | −$4.2M |
| Feb 2026 | $11.0M | $11.2M | −$194K |
| Jan 2026 | $5.3M | $14.0M | −$8.7M |
| Dec 2025 | $62.4M | $21.6M | $40.8M |
| Nov 2025 | $2.3M | $11.6M | −$9.3M |
| Oct 2025 | $3.1M | $20.7M | −$17.6M |
| Sep 2025 | $12.1M | $14.0M | −$2.0M |
| Aug 2025 | $3.2M | $10.4M | −$7.1M |
FRBAX Assets Under Management
Net assets of Regional Bank Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $959.73M |
| 2026-04-30 | $874.09M |
| 2026-01-31 | $870.60M |
| 2025-10-31 | $789.52M |
| 2025-07-31 | $807.46M |
| 2025-04-30 | $751.78M |
| 2025-01-31 | $903.83M |
| 2024-10-31 | $846.27M |
| 2024-07-31 | $859.63M |
| 2024-04-30 | $714.56M |
| 2024-01-31 | $799.06M |
| 2023-10-31 | $689.06M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.