|Expense Ratio (net)||0.14%|
|Last Cap Gain||0.00|
|Morningstar Risk Rating||Average|
|Beta (3Y Monthly)||1.00|
|5y Average Return||N/A|
|Average for Category||N/A|
|Inception Date||Aug 31, 1976|
This was in keeping with the belief that retail mutual fund investors were the "dumb" money and they could be counted on to behave like lemmings. It appears that fund investors have become less inclined to chase performance in the two decades since, as strong returns within a given category no longer mean retail money will follow. For example, among U.S. equity funds (including both open-end and exchange-traded funds), the large-growth Morningstar Category has by far the best returns over the past five years through late November 2018, with a 10.6% average annualized return.
Last month marked my 40th anniversary as a business reporter. Obviously, I was in this profession for the long-term. I mention this because, if my editor at the Houston Business Journal had asked me for a list of the best stocks to own forever in 1978, it would have been heavy on oils, industrials and consumer staples, names like British Petroleum, General Electric and Campbell’s Soup. I might have added a strong local bank there, like Texas Commerce.
Qualcomm Inc. ( QCOM) is an American multinational semiconductor and telecommunications equipment company based in San Diego, California. In October 2016, Qualcomm made a move to expand overseas by announcing a bid for the Dutch semiconductor company NXP Semiconductors S.V. ( NXPI). Qualcomm reported Q4 2018 earnings on November 7, 2018. The telecommunications giant reported $5.8 billion in revenues this quarter, compared to $5.96 billion over the same period last year.
In 2016, General Motors Company (NYSE: GM) was the third-largest automaker in the world, behind Volkswagen AG (VWAGY) and Toyota Motor Corp. (NYSE: TM). GM famously held the top spot in global auto sales for 77 consecutive years from 1931 to 2007.
If you ask Warren Buffett about what stocks to own, he’ll tell you you are better off looking for low-cost index funds to buy like the Vanguard S&P 500 ETF (NYSEARCA:VOO) or the mutual fund version, the Vanguard 500 Index Fund (MUTF:VFINX).
Vanguard index funds have long been at the forefront of passive investing and are favorites among the buy-and-hold community for building long-term portfolios.
Facebook, Inc. (NASDAQ: FB) has established itself as the leading social media giant with a market capitalization of $418.18 billion as of October 29, 2018. When Facebook issued its initial public offering (IPO) on May 18, 2012, many mutual funds had already snapped up shares on the private market. Thereafter, these funds spread their shares of Facebook across many funds. Although Facebook's stock price has gone on a roller coaster ride, those funds that held on to shares benefited from its high growth rate.
As of 2018, approximately 73% of Pfizer's 5.9 billion outstanding shares are owned by mutual funds and institutional investors. Pfizer is a leading pharmaceuticals company in the healthcare industry.
International Business Machines Corporation (NYSE: IBM) began in 1911, from the merger of three manufacturing businesses by financier Charles Flint. At the time, the company was named The Computing-Tabulating-Recording Company and had $800,000 in net income. With the exception of the tabulating machines, business was stagnant until Thomas Watson Sr. came on board as the company's first CEO in 1914.
Founded in 1994 as an online bookstore, Amazon.com Inc. (NASDAQ: AMZN) has become the largest Internet-based retailer in the world. The company has also branched out into cloud computing, electronics, and content distribution, and it has begun testing drone delivery in certain areas.
Learn more about the four largest mutual fund holders of Microsoft shares, and determine how their portfolios benefit from these holdings.
Learn about the five biggest mutual fund holders of McDonald's shares, and learn how their investment portfolios could help your performance.
The Vanguard 500 Index Fund Investor Shares (VFINX) was the first index fund for individual investors, created on Aug. 31, 1976. It requires a minimum investment of $3,000 and charges a low annual net expense ratio of 0.14%, which is 85% less than the average expense ratio of large-cap no-load funds. The Vanguard 500 Index Fund Investor Shares is a passively managed fund that seeks to provide investment results corresponding to the S&P 500 Index, its benchmark index. As of October 2018, the fund held 505 stocks, and total net assets of $459.3 billion.
E*TRADE is the only major online broker to offer Vanguard mutual funds within its no-load, no-transaction-fee program
Facebook, Inc. (NASDAQ: FB) has established itself as the leading social media giant with a market capitalization of $486.99 billion as of July 30, 2018. When Facebook issued its initial public offering (IPO) on May 18, 2012, many mutual funds had already snapped up shares on the private market. Thereafter, these funds spread their shares of Facebook across many funds. Although Facebook's stock price has gone on a roller coaster ride, those funds that held on to shares benefited from its high growth rate.
Intel Corporation (NASDAQ: INTC) is one of the world's leading producers of semiconductor chips and related components. The Vanguard 500 Index Fund is perhaps the greatest representative of the mutual fund industry's move toward index fund investing.
Founded in 1994 as an online bookstore, Amazon.com Inc. (NASDAQ: AMZN) has become the largest Internet-based retailer in the world. Amazon's stock has become notable for its extreme overvaluation according to traditional valuation metrics. One of the main reasons for Amazon's lack of profitability is its continued dedication to expansion by reinvesting much of its earnings and cash flow back into the business.
Qualcomm Inc. ( QCOM), an American multinational semiconductor and telecommunications equipment company, designs wireless telecommunications products and services. As of July, 26 2018, the company has a market capitalization of $90.
The largest mutual fund holder, Vanguard Total Stock Market Index Fund ("VTSMX"), owns 181 million shares of AT&T which accounts for 2.48% of total shares held as of June 29, 2018. This mutual fund was created in 1992 and is designed to give broad exposure to the total US.
Discover the top four largest mutual fund holders of Morgan Stanley shares, and learn if their investment strategy can help your portfolio grow.
One of the biggest draws of closed-end mutual funds is the fact that they can offer investors a chance to buy a basket of stocks or bonds at what's called a "discount to net asset value." That's where you purchase shares of a closed-end mutual fund and get, say, a dollar's worth of underlying securities for just 90 cents a share. "If you are thoughtful about when you buy and what you buy and you have patience, good things can happen," says Maury Fertig, co-founder of Relative Value Partners in Northbrook, Ill. Roughly 80% of closed-end mutual funds trade at a discount to NAV due to the unique way that these funds operate.