| Top FedEx Stock Holders Mutual Funds | ||||
|---|---|---|---|---|
| holder | share | Market value | Day report | |
| Dodge & Cox . Stock Fund | 10.8 million won | 1.6 billion USD | September 30, 2022 | |
| Vanguard PRIMECAP Fund Admiral Stocks | 9.06 million won | 1.3 billion USD | September 30, 2022 | |
| Vanguard Total Stock Market Index Fund Admiral Shares | 6.70 million won | 1.95 billion USD | September 30, 2021 | |
| SPDR S&P 500 ETF Trust Fund | 6.70 million won | 1.95 billion won | September 30, 2022 | |
| Vanguard 500 Index Fund Admiral Stocks | 5.40 million won | 804 million USD | September 30, 2021 | |
1. Dodge & Cox Stock Fund (DODGX)
The Dodge & Cox Stock Fund (DODGX) is the largest FedEx stockholder fund, owning approximately 10.8 shares with a market value of $1.6 billion at the end of September 2021.
The Dodge & Cox Stock Fund is an actively managed stock fund that invests in undervalued companies with favorable long-term prospects. Portfolio managers seek to grow capital while generating income. The fund’s return is compared with the return of the S&P 500 Index.
As of September 30, 2022, the fund has $88.11 billion in assets under management with a 5-year total annual return of 7.29% and an expense ratio of 0.52%. DODGX requires a minimum investment of $2,500.
2. Vanguard PRIMECAP fund admiral shares (VPMAX)
Vanguard PRIMECAP Fund Admiral Shares (VPMAX) is the second largest equity mutual fund held in FedEx stock. VPMAX owns nearly 9.06 million shares with a market value of $1.3 billion as of September 30, 2022.
Vanguard’s VPMAX is a active management Growth stock funds invest primarily in U.S. equity securities. The goal of the fund is to achieve long-term growth of principal. The fund’s benchmark is the Standard & Poor’s 500 Index (S&P 500 Index).
As of the end of September 2022, the fund has a term of 5 years total annual profit is 9.40, the expense ratio is 0.04% and management property (AUM) nearly $56 billion. This fund requires a minimum investment of $3,000, but it is currently closed to new investors.
3. The Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)
The Vanguard Total Stock Market Index Fund Admiral Shares Fund (VTSAX) is FedEx’s third-largest fund owner, owning more than 6.7 million shares with a market value of $1.95 billion as of September 30, 2018. 2021.
VTSAX is a passive management A stock index fund that invests in the common stocks of U.S. companies directly related to their weighting in the CRSP United States Comprehensive Market Index. This index includes more than 3,700 stocks that trade on New York Stock Exchange (NYSE) and Nasdaq.
As of September 30, 2022, the fund has a 5-year total annual return of 9.79%, an expense ratio of 0.04%, and approximately $1.1 trillion in assets under management.
While VTSAX requires a minimum investment of $3,000, Vanguard offers an ETF version called the Vanguard Total Stock Market ETF (VTI), which has lower initial investment requirements than the price of a stock.
4. SPDR S&P 500 ETF Trust (SPY)
The SPDR S&P 500 ETF Trust (SPY) has the fourth-largest mutual fund holdings at FedEx. Launched in 1993, SPY claims to be the first exchange-traded fund listed in the United States. Therefore, it is a passively traded fund intended to track the performance of the S&P 500.
The fund owns more than 6.7 million shares of FedEx with a market value of approximately $1.95 billion as of September 30, 2022.
As of November 10, 2022, SPY has approximately 368.2 billion assets under management and a 5-year annual return of 10.29%. Its expense ratio is 0.00945.
5. Vanguard 500 Index Fund Admiral Shares (VFIAX)
The Vanguard 500 Index Fund Admiral Shares (VFIAX) is on the list of the top five FedEx stock holding mutual funds, owning a little over 5.4 million shares with a market value of $804.2 billion as of date. September 30, 2022.
The Vanguard 500 is a passively managed stock index fund that tracks the S&P 500 Index and has $371 billion in assets under management. The fund has a 5-year total annual return of 10.40% and an expense ratio of 0.04% as of September 30, 2022.
VFIAX has a minimum investment requirement of $3,000. However, Vanguard offers an ETF called the Vanguard S&P 500 ETF (VOO), which only requires the price of a stock as the initial investment requirement.
What does FedEx do?
FedEx Corp. is a courier service. It ships door-to-door packages to and from approximately 220 countries and regions. The company claims to have invented fast shipping. Originally called Federal Express, it began operations in 1973.
In recent years, FedEx has expanded into related areas such as logistics and small business services.
FedEx’s main competitor is UPS. The two companies are about the same size, but they are by far the dominant players in the global express delivery sector.
How is FedEx doing in 2022?
Well, it was a tough year for everyone, wasn’t it? Rising fuel prices, a slowing global economy and supply chain disruptions in 2022 are particularly relevant to the shipping industry.
Its fourth-quarter results, released in June 2022, recorded improved operating income mainly due to improvements in “revenue management” offset by economic pressures. The company reported earnings of $24.4 billion for the fiscal year compared with $22.6 billion in fiscal 2021.
Shares of FedEx (FDX) ranged between $141.92 and $266.79 for the 52 weeks ending November 18, 2022.
Why are mutual funds investing in FedEx relevant?
When considering investing in a stock, you can assume that a large, actively managed fund like the Dodge & Cox Stock Fund (DODGX) or the Vanguard PRIMECAP Fund Admiral Shares (VPMAX) chose FedEx (or any other). any other stock of this company) has been selected as appropriate. ) as a prime candidate for its holdings portfolio.
It may be less relevant in the case of a passively managed mutual fund or ETF. Their job is not to pick stocks. Their job is to mirror an index to duplicate its returns.
