If you are an investor who likes a simple and transparent buy and hold strategy, you will like the “Voya Corporate Leaders Trust Fund”.
CNBC points out that this incredible Fund hasn’t made an original stock market bet in 80 years.
Apparently, the Voya Fund was set up in the year 1935. The funds were invested equally in 30 major U.S. corporations like DuPont, General Electric, Procter & Gamble and Union Pacific. While some original holdings continue unchanged, some were amalgamated/ demerged etc into other companies. A few companies such as Pennsylvania Railroad Co. and American Can have disappeared. Twenty-one stocks remain in the fund.
The Buy and hold strategy has worked very well. The Voya Fund has outperformed 98 percent of its peers, over the past five and ten years.
The out-performance has attracted record inflows: Since 2011, the fund has taken in about $708 million from investors.
Investors are also drawn to the Voya Fund by the fact that its operating expenses are even lower than that of an Index Fund.