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These Are The Top Ten Biggest Mutual Funds

By Aman Jain. Originally published at ValueWalk.

ten biggest mutual funds

Mutual funds are among the most reliable asset classes. It pools money from investors and then invests it in different securities, such as stocks, bonds and more. Investors buy units of mutual funds, giving them a part ownership of the fund and in the income that it generates. Mutual funds are a good way for investors to invest in stocks that are otherwise out of their reach. If you are also planning to invest in this asset class, then detailed below are the top ten biggest mutual funds.


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Top Ten Biggest Mutual Funds

Our list of the top ten biggest mutual funds is on the basis of their AUM (assets under management). Following are the top ten biggest mutual funds:

  1. Vanguard Federal Money Market Fund (VMFXX, $205.6 billion)

The investment objective of this fund is to provide current income, as well as maintain liquidity. This fund strives to maintain a stable share price of $1. It is among the most conservative funds as it invests at least 99.5% of its total assets in cash and short-term U.S. government securities. VMFXX has an expense ratio of 0.11%. It has a 5-year return of 1.10% and 3-year return of 1.46%.

  1. Fidelity Government Cash Reserves (FDRXX, $214 billion)

With an inception date of 1979, it is an extremely low-risk fund. The expense ratio of the fund is 0.38%. It has invested over 42% of its assets in U.S. Treasury Bills and over 7% in U.S. Treasury Coupons. FDRXX strives to maintain a stable share price of $1. It has also invested in U.S. Treasury Inflation-Protected Securities (1.25%), Agency Fixed-Rate Securities (5.77%), Agency Floating-Rate Securities (18.81%), and U.S. Government Repurchase Agreements (25.82%). FDRXX has a 5-year return of 0.87% and a 3-year return of 1.23%.

  1. iShares Core S&P 500 (IVV, $242 billion)

With an inception date of May 2000, this fund provides exposure to large established U.S. companies. It has an expense ratio of 0.03%. The 5-year return of the fund is 15.18%, while its 3-year return is 14.14%.

  1. Vanguard Institutional Index Mutual Fund (VINIX, $261.19 billion)

With an inception date of July 1990, this mutual fund tracks the Standard & Poor’s 500 Index. The expense ratio of the fund is 0.035%, but its minimum investment is $5 million. Top ten holdings of the fund are Apple, Microsoft, Amazon.com, Alphabet, Facebook, Tesla, Berkshire Hathaway, Johnson & Johnson, JPMorgan Chase and Visa. VINIX has a 5-year return of 15.19% and a 3-year return of 14.15%.

  1. Fidelity 500 Index Fund (FXAIX, $287.1 billion)

With an inception date of 1988, this mutual fund tracks the S&P 500. This mutual fund has an expense ratio of 0.015%. The top ten holdings of the fund are Apple, Microsoft, Amazon, Facebook, Tesla, Alphabet (CL A), Alphabet (CL C), Berkshire Hathaway (CL B), Johnson & Johnson, and JPMorgan Chase. FXAIX has a 5-year return of 15.21% and a 3-year return of 14.17%.

  1. SPDR S&P 500 ETF Trust (SPY, $337 billion)

With an inception year of 1993, this fund seeks to provide investment return in line with the price and yield performance of the S&P 500 Index. It has an expense ratio of 0.0945%. Top ten holdings of the fund are Apple, Microsoft, Amazon.com, Tesla, Facebook (Class A), Alphabet (Class A), Alphabet (Class C), Berkshire Hathaway (Class B), Johnson & Johnson, and JPMorgan Chase.

  1. Vanguard 500 Index Fund Admiral Shares (VFIAX, $636.9 billion)

With an inception year of 2000, it is the industry’s first index fund for individual investors. It has an expense ratio of just 0.04% and offers exposure to the 500 largest U.S. companies. The top ten holdings of the fund are Apple, Microsoft, Amazon.com, Alphabet, Facebook, Tesla, Berkshire Hathaway, Johnson & Johnson, JPMorgan Chase and Visa. It has a 5-year return of 15.18% and a 3-year return of 14.14%.

  1. Vanguard Total Stock Market Index Fund Institutional Plus Shares (VSMPX, $1.1 trillion)

Created in 1992, this fund offers investors exposure to the U.S. equity market, including small, mid, large-cap growth and value stocks. It has an expense ratio of 0.02% and a minimum investment of $100 million. Top ten holdings of the fund are Apple, Microsoft, Amazon.com, Alphabet, Facebook, Tesla, Berkshire Hathaway, Johnson & Johnson, JPMorgan Chase and Visa. It has a 5-year return of 15.45% and a 3-year return of 14.51%.

  1. Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX, $1.1 trillion)

Launched in 1992, this mutual fund provides exposure to the U.S. stocks, including small, mid and large cap growth and value stocks. It has an expense ratio of 0.04% and a minimum investment of $3,000. Top ten holdings of the fund are Apple, Microsoft, Amazon.com, Alphabet, Facebook, Tesla, Berkshire Hathaway, Johnson & Johnson, JPMorgan Chase and Visa. VTSAX has a 5-year return of 15.42% and a 3-year return of 14.49%.

  1. Vanguard Total Stock Market ETF (VTI, $1.1 trillion)

With an inception date of May 2001, this fund tracks the performance of the CRSP US Total Market Index. The fund has an expense ratio of 0.03%. It has a 5-year return of 15.43% and a 3-year return of 14.49%. Top ten holdings of the fund (accounting for 23.30% of total net assets) are Apple, Microsoft, Amazon.com, Alphabet, Facebook, Tesla, Berkshire Hathaway, Johnson & Johnson, JPMorgan Chase and Visa.

The post These Are The Top Ten Biggest Mutual Funds appeared first on ValueWalk.

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