Large-Cap Index Beaters
Our series looks at domestic large-cap funds that beat an S&P 500 proxy during the past five- and 10-year periods.
Last week, as part of our ongoing Index Beaters series, Five-Star Investor looked at foreign large-cap funds that beat a proxy for international stocks. This week we turn our sights closer to home to search for domestic large-cap funds that beat the market over the medium and long term.
Domestic large-cap funds continue to account for a huge chunk of the fund universe, representing $2.6 trillion and nearly 30% of all mutual fund assets as of the end of September. At the same time, investors have pulled $91.6 billion out of domestic large-cap funds during the past year amid a mass exodus to the perceived safety of bond funds (some money has also flowed into exchange-traded funds investing in U.S. stocks). However, those who've stuck with large caps have been well-rewarded, with the S&P 500 gaining 20% during the 12-month period ended Oct. 15.
Adam Zoll does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.