FRBFX — Regional Bank Fund
Data updated: 2026-09-25
FRBFX — Regional Bank Fund. United States Small Cap Blend / Core Financials Equity · $959.73M AUM. Holdings, fees, performance and SEC filings.
FRBFX Fund Overview
FRBFX — Regional Bank Fund is a US mutual fund managed by John Hancock Investment Trust II, categorised as United States Small Cap Blend / Core 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: John Hancock Investment Trust II
- Category: United States Small Cap Blend / Core Financials Equity
- Assets under management: $959.73M
- 1-year return: -30.9%
- Ticker: FRBFX
- SEC CIK: 0000743861
- SEC series ID: S000000635
- Share class ID: C000001814
FRBFX Investment Objective and Strategy
Regional Bank Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by John Hancock Investment Trust II.
Investment objective
To seek long-term capital appreciation. Moderate income is a secondary objective.
Principal investment strategy
"Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of regional banks. Because the fund normally invests more than 25% of its assets in equity securities of regional banks, the fund is considered to be ""concentrated"" in the banking industry. A regional bank is a U.S.-based banking company that primarily operates in one or more regions of the country. Such regional banks may be of any size and may include, but are not limited to, commercial banks, industrial banks, savings and loan associations, and financial and bank holding companies. Typically, these companies provide full-service banking and have primarily domestic assets. Equity securities include, but are not limited to, common and preferred stocks and their equivalents, such as publicly-traded limited partnerships, depositary receipts, rights, and warrants.
The manager focuses primarily on equity securities selection, using fundamental financial analysis to identify securities that appear comparatively undervalued. Given the industrywide trend toward consolidation, the manager may invest in companies that appear to be positioned for a merger. The fund may also invest in other U.S. and foreign financial services companies, such as money center banks. A money center bank is a bank located in a financial center, which deals in national and international financial markets. The fund may invest up to 5% of net assets in stocks of companies outside the financial services sector and up to 5% of net assets in below-investment-grade bonds (i.e., junk bonds) rated as low as CCC by Standard & Poor's Ratings Services or Caa by Moody's Investors Service, Inc.
and their unrated equivalents. The fund's investment policies are based on credit ratings at the time of purchase. The fund may invest in derivatives to a limited extent. Derivatives may be used to reduce risk, obtain efficient market exposure, and/or enhance investment returns, and may include futures contracts, options, and foreign currency forward contracts."
FRBFX Holdings
Top 10 holdings of Regional Bank Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Pinnacle Financial Partners Inc. | 3.25% |
| MandT Bank Corporation | 2.95% |
| Citizens Financial Group Inc. | 2.88% |
| Fifth Third Bancorp | 2.85% |
| Huntington Bancshares Incorporated | 2.83% |
| Regions Financial Corporation | 2.51% |
| U.S. Bancorp | 2.30% |
| WSFS Financial Corporation | 2.29% |
| Popular Inc. | 2.24% |
| Zions Bancorporation National Association | 2.18% |
FRBFX Portfolio Allocation
Asset-class allocation of Regional Bank Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.3% |
| Cash & Equivalents | 0.5% |
FRBFX Performance
Total returns for FRBFX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -30.9% |
FRBFX Risk Information
Risk metrics for FRBFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 36.3%
FRBFX Costs and Fees
FRBFX costs about $193 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.93%
- Gross expense ratio: 1.94%
- Portfolio turnover: 5%
- Brokerage commissions: 1.09 bps of average net assets (SEC N-CEN)
FRBFX Cashflows
Over the 12 months to 2026-04, Regional Bank Fund had net outflows of $27.86M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$8.86M |
| 2026-03 | −$4.18M |
| 2026-02 | −$194.11K |
| 2026-01 | −$8.70M |
| 2025-12 | $40.77M |
| 2025-11 | −$9.33M |
FRBFX Debt Constituents
No individual debt constituents are reported in Regional Bank Fund's latest SEC N-PORT filing.
FRBFX Prospectus and SEC Filings
Official Regional Bank Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-25
- Prospectus (485BPOS) — filed 2025-02-26
- Prospectus (485BPOS) — filed 2024-02-26
- Portfolio holdings (N-PORT) — filed 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-30
- Annual census (N-CEN) — filed 2026-01-09
- Annual census (N-CEN) — filed 2025-01-08
Related Funds
Other United States Small Cap Blend / Core 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.