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AAPL is a solid stock and with a forward PE between 9-10 it's valued well. I don't see it going into the abyss unless the entire stock market crashes and even if that happens, it will be with the first half of stocks to recover.
Agree, the market is in a downturn now. When it recovers it will be on the rise again.
index funds are a tiny part of their fund business . the bulk of their investors are in actively managed funds.
their SPARTAN 500 INDEX IS ONLY A 7 BILLION DOLLAR FUND AND TOTAL MARKET 2 BILLION .
If the spartan 500 index is only a 7 billion dollar fund then why do they hold 3.35 billion in Apple stock? Seems like they would want to be more diversified than that.
if anyone thinks index funds own every stock and don't trade in and out of stocks think again .
some s&p 500 index funds trade so much trying to maintain the returns of the s&p 500 without owning all the stocks that they rack up taxable turnover that rivals expensive managed funds
let me check , it says 7,348 million .. i could be off a decimal place.
interesting the source i am looking at says assets are 7,348 million . but on your link it says share class net assets are that amount with 86 billion in assets which makes more sense .
share class is :
Share Class Net Assets ($M)
The difference between the total assets and liabilities of a single share class of a fund.
why they give the assets in share class beats me .
but in any event vanguard index funds are many many times the size of fidelity's index funds . just the two classes of s&p funds is almost 1/2 trillion not counting their etf's or total market funds .
if anyone thinks index funds own every stock and don't trade in and out of stocks think again .
some s&p 500 index funds trade so much trying to maintain the returns of the s&p 500 without owning all the stocks that they rack up taxable turnover that rivals expensive managed funds
what does that have to do with anything. You can also clearly see the turnover rate for the fund. It's 4% compared to the Contrafund which is 38%.
You seem very defensive about your actively managed funds. Go ahead and pay your higher fees.
I'm sure there are some index funds that turnover, but you can easily find that out before investing in them.
Quote:
Originally Posted by mathjak107
let me check , it says 7,348 million .. i could be off a decimal place
You need to look at that portfolio as a whole, not that specific class of the fund. Who cares what a specific class has under management, because there are many different classes that fall into one portfolio, they just have different fee structures.
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