Whenever I talk about quality mutual funds, my discussion always begins with ING’s Corporate Leaders Trust Fund Series B (LEXCX). You can read about the details of this fund in an article I wrote in 2012. Suffice it to say, it’s consistently a winner. Around since 1935 (not always with ING) it began with 30 of the biggest companies of the day, and almost 80 years later it consists of 22 stocks including Berkshire Hathaway (BRK.B).
It doesn’t add new stocks and only buys more shares of the stocks when it has enough cash to buy 100 shares of each. Year-to-date it’s up 23.7% through December 12, trailing the S&P 500 by 339 basis points. Over the past 15 years, it has beaten the index on an annual basis by 319 basis points. With an annual expense ratio of 0.52% (0r $52 for every $10,000 invested), some might be tempted to pass because of its passive management. Don’t — it’s the real deal.