The fund is limited by its charter to 30 stocks so I guess they immediately sold off the baby bells. I know that T spawned something like 25 babies and baby baby Bells and spinoffs and recombinations. I personally had to deal with that mess with a 90-year old relative recently.
Voya was a trust... kinda like a closed end fund (CEF) for much of its life. It might be open ended now. The fund has grown in recent years and is paying its own way for the Voya company.
Heck, I considered picking up a token amount mostly as a conversation piece. One possible problem for a new shareholder would be 80+ years of unrealized capital gains. You might be hit with a bundle of taxes if they liquidate. I wonder if they have original stock certificates locked away... perhaps signed by JD Rockefeller etc
It might be a hoot to go to a shareholders meeting... in a Hudson or Packard.
"possible problem for a new shareholder would be 81 years of unrealized capital gains." if liquidated.
Wonder whether IRS computers could deal with loooong term capital gains on stock... acquired in 1935. Unlike stock held thru generations in a family with a stepped up basis upon each death, the 1935 tax basis would still apply. An oddity that might trigger an audit???
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