|Expense Ratio (net)||0.83%|
|Morningstar Risk Rating||★★★★|
|Last Cap Gain||0.00|
|Inception Date||May 2, 1963|
|Average for Category||N/A|
A law professor sees a lack of transparency when mutual funds own shares in private companies.
These funds follow the Oracle of Omaha in buying and holding quality businesses.
Investors seem to be shifting from actively managed funds to passive funds in order to get higher returns.