Mutual Fund Project | Fmagx | Vfinx

Topics: Investment, Index fund, Hedge fund Pages: 2 (604 words) Published: October 17, 2012
| Mutual Fund|
Total Assets Under Management| 115.8B| 14.8B|
Management Fee| 0.14%| 0.35%|
Load Fee| No Load| No Load|
Exit Fee| 0%| 0%|
Transactions Fee| $75| 0%|
12b-1 Fee| 0%| 0%|
Vanguard 500 Index Investment Fund (VFINX) is a large-blend mutual fund that uses an indexing investment approach designed to track the performance of the S&P 500’s index. The fund employs a passive management investment approach. It is a low cost way to gain diversified exposure to the equity market in the United States. The fund invests in 500 of the largest companies in the United States. The companies span many different industries and the fund accounts for about 75% of the United States stock market’s value. VFINX measures the investment return of large-capitalization stocks. The most obvious risk is the volatility that comes with its full exposure to the stock market. The mutual fund portfolio’s composition is made up of 99.45% stocks and .55% cash. The expense ratio for this mutual fund is .17%. This is the annual fee that shareholders are charged. It expresses the percentage of assets deducted each fiscal year for fund expenses, including 12b-1 fees, management fees, administrative fees, operating costs, and all other asset-based costs incurred by the fund. For the Year-to-Date (ytd) rankings in its category, VFINX ranked in at 24 according to Yahoo! Finance. Over the last 10 years, the fund has performed in direct correlation to the S&P 500 being that it is an index fund and there is a beta of 1, meaning that whatever the S&P 500 does, the fund will do as well. VFINX is a good choice if an investor is seeking a mutual fund that offers the stability of large, established companies and the wide exposure of a fund that holds both value and growth stocks.

Fidelity Magellan Fund (FMAGX) has ridden the ups and downs over the years of the market’s roller coaster. The fund has gone through many...
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