Assignment 1:Mutual Funds.Identify
and research a mutual fund or an exchange traded fund that focuses on
equities.You may want to go
directly to an investment company website such as Fidelity PIMCO Vanguard
Pioneer State Street Global Advisors (for SPDRS) ProFunds Direxion Funds or
any one of your choosing.Provide
a one page analysis of the fund that summarizes key items.Attach an exhibit as well.This
should include investment objective;
strategy and/or investment policy statement;investment style;
investment process for identifying selecting and monitoring securities;sell discipline for securities;Top 10 holdings;investment (time) horizon;risk management;expected return goal;total fund assets (size of portfolio);turnover ratio;number of holdings;fee structure;fund characteristics such as portfolio
beta Sharpe Ratio standard deviation;
and any comments on investor suitability for the fund.In
addition what does the fund state about actual returns for the fund over 1 year
3 years and 5 years?What are the
returns before fees and after fees as disclosed by the fund?What
is the appropriate benchmark this fund should be compared to?Did the fund do better or worse than
the benchmark?If
you find that some items are not disclosed simply list those that were
excluded.Conclude
with two sentences addressing:Whether
the fund adheres to its objective and discipline.