The fund employs a passive management investment approach. It is a low cost way to gain diversified exposure to the equity market in the United States.
The fund invests in 500 of the largest companies in the United States. The companies span many different industries and the fund accounts for about 75% of the United States stock market’s value. VFINX measures the investment return of large-capitalization stocks. The most obvious risk is the volatility that comes with its full exposure to the stock market. The mutual fund portfolio’s composition is made up of 99. 45% stocks and . 55% cash. The expense ratio for this mutual fund is . 17%. This is the annual fee that shareholders are charged.
It expresses the percentage of assets deducted each fiscal year for fund expenses, including 12b-1 fees, management fees, administrative fees, operating costs, and all other asset-based costs incurred by the fund. For the Year-to-Date (ytd) rankings in its category, VFINX ranked in at 24 according to Yahoo! Finance. Over the last 10 years, the fund has performed in direct correlation to the S&P 500 being that it is an index fund and there is a beta of 1, meaning that whatever the S&P 500 does, the fund will do as well.
VFINX is a good choice if an investor is seeking a mutual fund that offers the stability of large, established companies and the wide exposure of a fund that holds both value and growth stocks. Fidelity Magellan Fund (FMAGX) has ridden the ups and downs over the years of the market’s roller coaster. The fund has gone through many changes over the years and one of the most important key factors to the fund’s performance has been related to the way it was managed. The fund currently has assets totaling 14. billion and its portfolio consists of growth and value stocks across the capitalization spectrum from around the world and the United States.
The fund keeps about 20 percent of the holdings in foreign stocks. It is one of the world’s most known actively managed funds and has finally found some stability due to its newest manager, Harry Lange. In 2008, during the financial crisis, the management chose to stay aggressive instead of investing defensively and incurred a bad loss, which lead to the changes in management. FMAGX is classified as a large growth fund and is ranked 24 in its category according to Yahoo! Finance. The 3-year beta is 1. 7, which means that it bears more risk than investing directly in the S&P 500, however this also means that it could provide heftier returns. The mutual fund portfolio’s composition
Did pre-civil war technology lead to the increase in the practice of slavery which led to the civil war?
Did pre-civil war technology lead to the increase in the practice of slavery which led to the civil war?.
The civil war was a unique war in which the united states was split within. The north, which wanted to abolish slavery, and for the nation to remain a whole and the south, which argued that its confederate states had their states rights infringed upon and wanted to remain pro-slavery. The south had a golden cash crop which was cotton. It required manpower which could be gotten through the use of slave work. Inventions such as the cotton gin, which was invented in the 1790s allowed for increased production which thus needed more manpower and increased slavery exponentially. The technology during this period was not all bad in the civil war. Railroads, Airial machines, Submarines, and the Telegraph were also brought to fruition at this time. The north was able to defeat the south after several losses due to the webbed rail line that allowed transport of soldiers and goods quicker and faster to the frontline. Along with the rail line were the long-range weapons and dynamite, which although aided in the bloodshed on a much higher scale, aided the North’s victory over the South. Impact of technology during the Civil War Did the use of technology lead to the civil war or was it inevitable? And how did the use of technology allow the North to win despite several complications and unknown territory? Many northern states during the 1800s had moved away from farming to industry. A lot of people in the North worked and lived in large cities. The southern states had maintained a large farming economy and this economy was based on slave labor. While the cotton gin reduced the labor of removing seeds, it did not reduce the need for slaves to grow and pick the cotton. Cotton growing became extremely profitable for the planters that it greatly increased their demand for both land and slave labor. Since the writing of the Constitution there had been arguments about how much power each of the states should have versus how much power the federal government should have and the southern states felt that the federal government was taking away their rights and powers. Railroads, repeating firearms and cannons were brought into combat in the civil war. Through the use of such technology, a shift in power occurred allowing the north to succeed in winning the war.
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