Concentrated Ownership of Mutual Funds...is their a list? Hi, bee.
Yes and no. The information is listed in the fund's statement of additional information but in 90% of the cases the listing is Schwab or some other brokerage.
In the case of US Growth, the listing is:
As of November 30, 2016, the following owned of record 5% or more of the outstanding shares of each class (other than ETF Shares):
Vanguard U.S. Growth Fund—Investor Shares:
Vanguard STAR® Fund, Valley Forge, PA (30.78%),
Vanguard Fiduciary Trust Company, Valley Forge, PA (14.96%),
Vanguard Diversified Equity Fund, Valley Forge, PA (5.26%)
Vanguard U.S. Growth Fund—Admiral Shares:
Vanguard Fiduciary Trust Company, Valley Forge, PA (14.41%),
TIAA-CREF Trust Company, St. Louis, MO (5.09%)
David
Concentrated Ownership of Mutual Funds...is their a list? In another thread with
@VintageFreak, I opined over a dog of a fund, VWUSX. I commented that this fund experienced a "very rough patch" in the early 2000's. It held a FundAlarm rating of "3-Alarms" for many years after its tumble. At the time of VWUSX implosion I noticed VGSTX, Vanguard Star (a fund of funds) had taken on a large stake in VWUSX.
At present, VGSTX owns about
16% of VWUSX. I would call that a concentrated owner. M* does a good job of listing the concentrated owners of stocks and ETFs (individuals, mutual funds and institutions), but when it comes to mutual funds there is nothing mentioned as to ownership (who are the concentrated owners of the fund). If this were to be attempted I would further hope all share classes (of the fund) be collectively represented as one fund for ownership purposes.
Can a mutual fund owner find information on who the concentrated owners of a mutual fund are?
The Breakfast Briefing: S&P 500 Aims For Longest Win Streak In 3 ½ Years, But Futures Waver
DSENX/ DLEUX Shiller Enhanced CAPE® and Shiller Enhanced International CAPE® Webcast Tuesday,Feb 7th Although M* calls it an value equity fund, I see it more as a balanced fund. It uses the CAPE strategy in that it invests in the lowest valued sectors based on Schillers Cape ratio for determining value with a twist described by their web site. Below are a few pertinent points from the Doubline Site. If you believe in the axiom buy low sell high, value, this strategy does the work for you.
From the Doubleline site:
Strategy
The Shiller Enhanced CAPE® strategy offers exposure to the “cheapest sectors” of the large cap equity markets using an “Index Overlay” technique while the remaining assets are invested in a fixed income portfolio...
...The Relative CAPE® Ratio subdivides the S&P 500 into 10 sectors, eliminating the 5 with the highest relative CAPE® ratios, leaving what we believe are the 5 better value proposition sectors. Index methodology eliminates the one sector with the worst one-year momentum, to try and avoid the value trap...
Using a total return index swap to gain the exposure to the Barclays Shiller CAPE® US Sector Index, the remaining assets are then invested into, what we believe to be, a lower-risk bond portfolio with the goal of trying to outperform cash.
MAFSX... failure to launch? Another fund that should have been put down was, VWUSX, Vanguard US Growth. A "3-Alarm Fund" back in the Fund Alarm days.
I held this fund as it imploded back in the early 2000's. I hold Vanguard management personally responsible for not pulling the trigger on this rabid dog. To make things worse management continued to support this fund by including it as part of a "fund of funds" offering, VGSTX. They have never owe up to such a move and I stopped holding my breath for an explanation. Most of my money is elsewhere as a result.
