|Expense ratio (net)||0.74%|
|Last cap gain||0.00|
|Morningstar risk rating||Below average|
|5y average return||N/A|
|Average for category||N/A|
|Inception date||17 May 1967|
"We're making a bet on Elon Musk," said one top-20 Tesla investor who plans to back the directors and vote to keep Musk's roles intact. The investor compared Musk to Apple Inc founder Steve Jobs, saying, "These people are geniuses.
Actively managed funds have become the Rodney Dangerfield of investing—they don’t get no respect. It’s no secret that passive index funds have boomed, pulling in $592 billion to active’s $7 billion over the 12 months through the end of April, according to Morningstar Direct. More than 100 mutual funds that have beaten their category peers in the past five years have suffered outflows of $1 billion or more over the past 12 months—including stellar large growth vehicles such as Fidelity Contrafund (FCNTX), T. Rowe Price Growth Stock (PRGFX), Vanguard Capital Opportunity (VHCOX), American Funds Growth Fund of America (AGTHX), and Harbor Capital Appreciation (HCAIX).