Voya Corporate Leaders Trust Fund Series B (LEXCX)
Here is an amazing fund from a curiosity perspective. Not because of it's Performance, but because of the funds Rules established at inception (and today it is still here) "87 years old".
This fund launched in 1935 with 30 names in its portfolio. By prospectus, it can only own the 30 companies on that original list and any direct descendants--created through mergers, acquisitions, or spinoffs--of those companies. Companies can occasionally be sold (for instance, the fund dumped Citigroup in 2009), but none can be added unless they are directly tied to one of the original 30. That means that for all intents and purposes, this fund's portfolio is on autopilot. This is reflected in the fund's 0 percent turnover ratio. Over time, while this fund's conservative nature has occasionally held it back, it has built up some impressive numbers. As of the end of the first quarter, its trailing 10-year returns landed it in the top 2 percent of Morningstar's large-value category. The fund has returned 11.10 percent over the past five years and 10.97 percent over the past decade.
YTD performance 18.59%, 1YR +21.48 , 3 YR +11.20, 5 YR +11.14, 10 YR +11.33
Did not post to recommend the fund, posted because it reflect true conviction and the Epitome of time in the market
- Scoot
Here is an amazing fund from a curiosity perspective. Not because of it's Performance, but because of the funds Rules established at inception (and today it is still here) "87 years old".
This fund launched in 1935 with 30 names in its portfolio. By prospectus, it can only own the 30 companies on that original list and any direct descendants--created through mergers, acquisitions, or spinoffs--of those companies. Companies can occasionally be sold (for instance, the fund dumped Citigroup in 2009), but none can be added unless they are directly tied to one of the original 30. That means that for all intents and purposes, this fund's portfolio is on autopilot. This is reflected in the fund's 0 percent turnover ratio. Over time, while this fund's conservative nature has occasionally held it back, it has built up some impressive numbers. As of the end of the first quarter, its trailing 10-year returns landed it in the top 2 percent of Morningstar's large-value category. The fund has returned 11.10 percent over the past five years and 10.97 percent over the past decade.
YTD performance 18.59%, 1YR +21.48 , 3 YR +11.20, 5 YR +11.14, 10 YR +11.33
Did not post to recommend the fund, posted because it reflect true conviction and the Epitome of time in the market
- Scoot
