These large-cap funds are crushing the S&P 500 this year
Some funds are clobbering the Standard and Poor’s 500 stock index this year.
The top five large-company stock funds:
- PIMCO StocksPLUS Long Duration fund (PSLDX), 18.1%. This fund is an anomaly, albeit a successful one. It invests in S&P 500 futures, using bonds and cash as collateral.
- Advantus Strategic Dividend Income, (VSDIX), 15.2%. The strategy here: The fund can invest up to half its portfolio in real estate securities, such as real estate investment trusts, which have been red-hot this year.
- Invesco Exchange Fund (ACEHX), 10.9%. This fund will only accept large blocks of stocks for investment, which counts as an non-taxable event. It’s closed to new investment.
- Snow Capital Focused Value (SFOIX), 10.9%. This non-diversified fund can take big positions in stocks, although its biggest holding, BP, is less than 7% of the fund’s portfolio.
- Matisse Discounted Closed-End Fund Strategy (MDCEX), 10.5%. The fund invests in closed-end funds whose market price is less than the value of their holdings.
The funds that have been most likely to beat the S&P 500 this year have had a value tilt — that is, the funds look for beaten-down stocks that Wall Street hates.
The least successful: Large-company growth funds, which had only 17 funds beating the S&P 500 this year.
Source: Usatoday
