Professional Documents
Culture Documents
Mutual Funds
Mutual Funds
Mutual Funds
Professor Beaudin
Investments
6 April 2017
Mutual Funds
Dreyfus Institutional S&P 500 Stock Index Fund Class I (DSPIX)
The goals that I have for being a college student is to have make money over
time so I can save up and afford to buy a car in the future. This fund will help me
achieve this goal because it is a smaller mutual fund that does not require much to
be done. This is an Index fund that only requires $2,500 to be invested initially
main objective of this fund is to match the total returns of the S&P 500. This is a
great fund for me to invest in because over the past year the S&P 500 has increased
by 15.45% over the last year. The fund currently has a NAV of $47.68.
The past performance of this fund is amazing. The fund in the past year has
had a return of 24.73%. In the past 3 years, it has had a return of 10.42%. In the
past 5 years, the return has been 13.80%. The fund has had a return of 7.46% over
the past 10 years. My plan is to keep my money into the fund for about 5 years and
This fund has three different fees that are applied to it. The first fee is an Exp
Ratio (Gross) fee. This fee is about .21% of the gross amount that is invested into
the fund. This fee is made to cover some of the operating costs that it takes to run
the fund. The second fee it has is the Exp Ratio (Net) fee. This fee is also made to
cover the operating expenses and is currently at .20% of the net amount in the
fund. The third fee is the transaction fee. This transaction fee costs $49.95. Every
time you buy into the fund or sell the fund you will be charged a fee of $49.95.
This fund has many different holdings. The fund has a total of 509 holdings as
of 1/13/2017. The top 10 holdings this fund has is Apple Inc at 3.21%, Microsoft
Corp at 2.50%, Exxon Mobil Corp at 1.73%, Amazon Inc at 1.61%, Berkshire
Hathaway Inc B at 1.55%, Johnson & Johnson at 1.53%, Facebook Inc A at 1.51%,
JPMorgan Chase & Co at 1.50%, E-Mini S&P500 Mar17 at 1.36 %, and General
Electric at 1.31%. The top 10 holdings of this fund make up 17.82% of the total
holdings in this fund. The fund is diversified over many different sectors such as the
This fund has 3 different managers. The first manager is Thomas J. Durante.
He is a tenure manager that has been managing funds since 1/31/2002, he received
his bachelors degree from Fairfield University. The second fund manager is Karen Q.
Wong. Karen has been the fund manager for this since 4/30/2010. She manages
many other funds and received her Masters degree from San Francisco State
University. The third and final manager of this fund is Richard A. Brown. Richard has
been the fund manager since 4/30/2010. He manages many other funds for other
companies and received his Masters degree from California State University.
When it comes to the risk level of this fund, it is slightly above average when
it comes to risk. It is a little bit above the half mark between Low risk and High risk.
The reason it is a little riskier is because of some of the stocks the fund is invested
in. Some of the stocks have a high beta which cause the fund to be a little riskier.
possible. With the Fidelity Nasdaq Composite index fund, I am able to do that. This
is an Index fund so it follows the Nasdaq very closely. This fund will help me achieve
my goal because it is a small fund that only requires $2500 to be invested into it in
order to make returns. The main objective of this fund is to match the return of the
NASDAQ Composite Index. This is a great fund for me to invest in because over the
past year the NASDAQ has seen an overall return of about 21.25%. This fund
The past performance for this fund has been in the positives. In the past year,
the fund has had a return of 22.74%. In the past 3 years, the fund has had a return
of 13.32%$. In the past 5 years, the fund has had a return of 15.09%. In the past 10
years, the fund has had a return of 10.36%. In the first year, the fund has beaten
the NASDAQ in returns. I plan to keep my money in this fund for about a year and
When it comes to fees, the fund has four different fees. The first fee is the
EXP Ratio (Gross) which is meant to cover the operating costs. This fee is currently
0.43% of every $1000 invested into the mutual fund. The second fee is the EXP
Ratio (Net) this is also meant to cover the operating costs needed to run the mutual
fund. This fee is currently at 0.3% of every $1000 invested into the fund. The third
fee is the EXP Cap (Dated) fee which is charged when the fund has reached the cap
limit. This is currently at 0.29% of every $1000 that has been invested into the
mutual fund. The fourth fee is the 12B-1 fee. This fee is made to cover any
The fund has many different stocks that it is holding. The fund has a total of
2207 holdings as of 12/30/2016. The top 10 holdings the fund has is Apple inc,
Microsoft Corp, Amazon Inc, Facebook Inc A, Alphabet Inc CL C, Alphabet Inc CL A,
Intel Corp, Comcast Corp CL A, Cisco Systems, and Amgen Inc. These are the top 10
holdings the fund has and that makes up 34.53% of all the holdings this fund has.
fund is Geode Capital Management. They have had a tenure since 9/25/2003 and
are currently managing many of fidelitys mutual funds. They currently manage
When it comes to risk level this mutual fund is just as risky as the Dreyfus
S&P 500 Index fund. They are diversified throughout many different sectors which
makes them safe, but some of the stocks they are investing in have higher betas
currently work part time and have a yearly income of about $28,000. That being the
case I am looking for mutual funds that have a low buy in and have a decent return
in a short period of time. When I graduate from college in a year my plan is to buy a
new car and get an apartment. I want to be able to sustain myself without having to
rely on anyone else to support me. This is another Index fund that only requires
$2,500 to purchase into the fund. The main objective of this fund is to follow the
S&P 500 closely while gaining capital appreciation. This fund has a current NAV of
$76.14.
The past performance on this stock has been positive. Over the past year, the
fund has had a return of 22.54%. In the past 3 years, the fund has had a return of
9.20%. In the past 5 years, the fund has had a return of 11.91%. Over the past 10
years, the fund has had a return of 7.38%. The fund has been in the positive for
The downside of this fund is that it has quite a bit of fees. The first fee the
fund has is a EXP Ratio (Gross) fee which is currently at 1.65% for every $1000
invested into the fund. The second fee is the EXP Ratio (Net) fee which is currently
at 1.63% of every $1000 that is invested into the fund. The third fee is the
Contractual Exp Waiver (Dated) fee which is meant to cover all the management
charges that occur with this fund. This fee is currently at 0.02% of every $1000 that
is invested into the fund. The fourth fee is the Distribution and 12b-1 fee which is
currently set at the maximum of 1%. The 5th and final fee that this fund has is the
Differed load fee. The differed load fee is currently set at 1%.
the fund is currently holding 166 different stocks. The top 10 holdings for this fund
are Apple Inc at 3.94%, Alaska Air Group Inc at 2.37%, Amazon Inc at 2.19%,
Northrop Grumman Corp at 2.13%, Microsoft Corp at 1.76%, Union Pacific Group
General Dynamics Corp at 1.44% and Boeing Co at 1.43%. These top 10 stocks
make up 19.98% of the total holdings. The fund is currently diversified into many
The fund currently has three different managers. The first manager is Serene
Perin Vinton. Serena has been a fund manager since 11/03/2008 and received her
Bachelors degree from Brown University. The second fund manager is John
Anderson. He has been a fund manager since 5/1/2016 and currently manages 5
other funds for Franklin Templeton. The third and final manager is Robert Rendler.
Robert has been a fund manager since 5/1/2016 and currently manages 5 other
this fund is very risky because it is only diversified over 166 different. They do not
have many stocks to make sure that the investments are staying stable. If it was
invested in more stocks it would be more stable but currently it is a little riskier than
average.
12 Mutual Funds
Dreyfus Institutional S&P 500 Stock Index Fund Class I (DSPIX)
Fidelity Nasdaq Composite Index Fund (FNCMX)
Franklin Growth Series Class C (FRGSX)
Dreyfus Disciplined Stock Fund (DDSTX)
Franklin Mid Cap Value Fund Class A (FMVAX)
T. Rowe Price U.S. Large-Cap Core Fund (TRULX)
Aasgard Dividend Growth Small & Mid-Cap Fund No Load Class (AADGX)
T. Rowe Price Value Fund (TRVLX)
American Growth Fund Series One Class A (AMRAX)
Fidelity Money Market Fund (SPRXX)
Fidelity Massachusetts AMT (FMSXX)
DoubleLine Shiller Enhanced CAPE Class N (DSENX)