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Re: gfp927z post# 37

Saturday, 08/27/2016 4:35:37 PM

Saturday, August 27, 2016 4:35:37 PM

Post# of 197
Fund hasn't placed bet in 80 years... and it's thrived!:

"The Voya Corporate Leaders Trust Fund [LEXCX], now run by a unit of Voya Financial Inc bought equal amounts of stock in 30 major U.S. corporations in 1935 and hasn't picked a new stock since.

Some of its holdings are unchanged, including DuPont, General Electric, Procter & Gamble and Union Pacific. Others were spun off from or acquired from original components, including Berkshire Hathaway (successor to the Atchison Topeka and Santa Fe Railway); CBS (acquired by Westinghouse Electric and renamed); and Honeywell (which bought Allied Chemical and Dye). Some are just gone, including the Pennsylvania Railroad Co. and American Can. Twenty-one stocks remain in the fund.

The plan is simple, and the results have been good. Light on banks and heavy on industrials and energy, the fund has beaten 98 percent of its peers, known as large value funds, over both the past five and ten years, according to Morningstar."

https://finance.yahoo.com/news/rpt-insight-buy-hold-fund-220540998.html

Note this post of mine was from july 2015... before energy collapsed. Haven't checked, but I'm sure their past year wasn't good.

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