ING Corporate Leaders Trust Series B
The last of my recommendations is more of a long-term pick rather than an absolute must-buy for the summer.
Composed of just 22 stocks, ING Corporate Leaders Trust Series B (MUTF:LEXCX) is the ultimate blue-chip stock fund. Around since 1935, it doesn’t add new stocks, with the exception of existing holdings that spin off divisions, etc. When it has enough money to buy 100 shares of each of its holdings — which include Berkshire Hathaway (NYSE:BRK.A, BRK.B) — it does so. There’s no considering the price paid or other financial metrics that an active manager might consider.
Some might see its management expense ratio of 0.52% as a tad high for what’s essentially an automated fund. However, LEXCX’s performance during the past 78 years has been equal to the task. Most active investors (Vice Fund an exception) can’t hold a candle to its performance over the long-term.
LEXCX might not do well this summer, but long-term, that won’t matter.
As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities.