|Expense Ratio (net)||1.09%|
|Morningstar Risk Rating||★★★★★|
|Last Cap Gain||0.00|
|Inception Date||Oct 16, 1995|
|Average for Category||N/A|
This weekend, Barron's published an article suggesting shares of Apple stock could be in for a large increase due to the new way the company will sell iPhones.
A portfolio manager whose outsized Apple Inc position helped him beat 99 percent of his peers over the last five years has started to trim his stake out of concerns that the iPhone maker's stock no longer looks as attractive. Mark Mulholland, who manages the $849 million Matthew 25 fund, has 15.3 percent of his portfolio in Apple, the second-largest weighting of any actively managed fund tracked by Lipper. Mulholland expects to trim that to about 10 percent of his portfolio, he said in an interview. Shares of Apple are up 64 percent over the last 12 months, including a 12.8 percent jump so far this year.