The fund normally invests at least 80% of its investable assets in equity and equity-related securities of financial services related companies. It invests primarily in securities of issuers in the United States, although it may also invest in securities of issuers in countries throughout the world. The fund may invest up to 30% of its total assets in foreign securities. It is non-diversified.

Nasdaq

PFSZX

The fund normally invests at least 80% of its net assets (including any borrowings for investment purposes) in the common stocks of companies in the financial services industry. In addition, it may invest in companies, such as providers of financial software, that derive substantial revenues (at least 50%) from conducting business in the financial services industry. Security selection is based on fundamental, bottom-up analysis that seeks to identify high quality companies with good appreciation prospects.

PRISX

The fund pursues its investment objective by investing at least 80% of its net assets (plus any borrowings for investment purposes) in stocks of U.S. companies that are in the financial services industry. It may invest in companies of any size, but, under normal conditions, the fund invests primarily in mid, small and micro capitalization financial services companies.

RMBKX

The investment seeks long-term growth of capital. The fund's investment adviser uses the Davis Investment Discipline to invest at least 80% of the fund's net assets, plus any borrowing for investment purposes, in securities issued by companies principally engaged in the financial services sector. It invests principally in common stocks (including indirect holdings of common stock through depositary receipts). A company is principally engaged in financial services if it owns financial services-related assets that constitute at least 50% of the value of all of its assets, or if it derives at least 50% of its revenues from providing financial services.

RPFGX

The fund invests substantially all (at least 80%) of its net assets in equity securities of Financial Services Companies that are traded in the United States and in derivatives, which primarily consist of futures contracts and options on securities, futures contracts, and stock indices. It may invest to a significant extent in the securities of Financial Services Companies that have small to mid-sized capitalizations. The fund also may purchase American Depositary Receipts ("ADRs") to gain exposure to foreign Financial Services Companies and U.S. government securities.

RYFIX

The fund invests substantially all (at least 80%) of its net assets in equity securities of Banking Companies that are traded in the United States and in derivatives, which primarily consist of futures contracts and options on securities, futures contracts, and stock indices. It may invest to a significant extent in the securities of Banking Companies that have small to mid-sized capitalizations.

RYKIX

The fund normally 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. It may invest its assets in securities of foreign financial services companies. The fund may invest in fixed income securities, including high yield securities or "junk bonds". It may invest in shares of open-end funds or ETFs.

SBFAX

The fund will normally invest at least 80% of its total assets in U.S. and foreign equity securities issued by financial services companies, regardless of their stock market value (or "market capitalization"). Equity securities include common stocks, securities convertible into common stocks, preferred stocks and warrants. Up to 20% of the Portfolio's total assets may be invested in U.S. and foreign securities outside of financial companies.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield	Risk / Return Rank
PFSZX	PGIM Jennison Financial Services Fund	Financials Equities	Jun 30, 1999	1.00%	-9.60%	12.41%	10.74%	5
PRISX	T. Rowe Price Financial Services Fund	Financials Equities	Sep 30, 1996	0.88%	-8.04%	14.99%	13.87%	23
RMBKX	RMB Mendon Financial Services Fund	Financials Equities	Jun 7, 1999	1.27%	1.98%	10.11%	6.10%	42
RPFGX	Davis Financial Fund	Financials Equities	May 1, 1991	0.94%	-8.23%	12.16%	4.33%	24
RYFIX	Rydex Financial Services Fund	Financials Equities	Apr 2, 1998	1.36%	-7.92%	9.53%	1.31%	5
RYKIX	Rydex Banking Fund	Financials Equities	Apr 1, 1998	1.36%	-3.11%	9.60%	3.43%	41
SBFAX	1919 Financial Services Fund	Financials Equities	Nov 16, 1998	1.36%	-6.39%	8.62%	15.50%	2
SFPAX	Saratoga Financial Service Fund	Financials Equities	Aug 1, 2000	3.81%	0.00%	9.11%	0.00%	15
VFAIX	Vanguard Financials Index Fund Admiral Shares	Financials Equities	Feb 4, 2004	0.10%	-9.16%	12.36%	1.61%	6

The Best Financials Equities Mutual Funds

Risk vs. Return Scatterplot