Investment objective & strategy
As of Feb. 25, 2026 · prospectusObjective. The fund seeks long-term capital appreciation.
Strategy. The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities of financial companies. The fund defines financial companies as companies in banking, insurance, consumer finance, capital markets, government-sponsored financial enterprises, securities exchanges, REITS, transaction and payment processing, mortgage finance, investment management, and/or financial services. The fund references the MSCI GICS (Global Industry Classification Standard) Financials sector to identify such companies. Any derivatives that provide exposure to the investment focus suggested by the funds name, or to one or more market risk factors associated with the investment focus suggested by the funds name, are counted (as applicable) toward compliance with the funds 80% investment policy. As a fundamental policy, the fund will … The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities of financial companies. The fund defines financial companies as companies in banking, insurance, consumer finance, capital markets, government-sponsored financial enterprises, securities exchanges, REITS, transaction and payment processing, mortgage finance, investment management, and/or financial services. The fund references the MSCI GICS (Global Industry Classification Standard) Financials sector to identify such companies. Any derivatives that provide exposure to the investment focus suggested by the funds name, or to one or more market risk factors associated with the investment focus suggested by the funds name, are counted (as applicable) toward compliance with the funds 80% investment policy. As a fundamental policy, the fund will concentrate (invest more than 25% of its net assets) in financial companies. The fund uses fundamental, bottom-up analysis and may invest in companies of any market capitalization. The adviser may use both growth and value approaches in selecting investments for the fund. The fund typically invests in U.S. common stocks. The fund is nondiversified, which means it may invest a greater percentage of its assets in a particular issuer than is permissible for a diversified fund.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| BERKSHIRE HATH-B | — | $1.29M | 10.27% |
| VISA INC-CLASS A | — | $843.55K | 6.72% |
| MASTERCARD INC CL A | — | $765.98K | 6.10% |
| JPMORGAN CHASE and CO | — | $620.38K | 4.94% |
| BANK OF AMERICA CORPORATION | — | $617.61K | 4.92% |
| CITIGROUP INC | — | $515.90K | 4.11% |
| SCHWAB CHARLES CORP | — | $502.61K | 4.00% |
| GOLDMAN SACHS GROUP INC | — | $490.67K | 3.91% |
| WELLS FARGO & CO | — | $386.90K | 3.08% |
| MORGAN STANLEY | — | $371.93K | 2.96% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| T. Rowe Price Financial Services Fund, Inc. · PRISX, TFIFX | 75% | 0.71% |
| PROFUND VP FINANCIALS | 73% | 1.68% |
| State Street(R) Financial Select Sector SPDR(R) ETF · XLF | 70% | 0.08% |
Advisers
| Firm | Role |
|---|---|
| T. Rowe Price Associates, Inc. | Adviser |
Footnotes
- Expense ratio as of February 25, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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