Very interesting and boring mutual fund!
I've been looking for a mutual fund with low expenses, doesn't have a trading fee (my brokerage), has a value bias, and is as much like a index fund as possible. Index funds typically have a trading fee when bought through a brokerage.
This makes it somewhat expensive when you can't "dollar cost average" without incurring a trading fee with each transaction.
So here's the mutual fund: LEXCG Corporate Leaders Trust
It's owned by ING and has been around since the 30's. It holds 20-something stocks from the DOW and it has been doing OK in up markets and pretty good in down markets... so it has been a rather stable/low risk fund.
Morningstar ranks it highly if that means anything.
The fees are under .59%
$1000 minimum initial investment with $50 minimum thereafter.
I've heard of many of the other major index's and low cost mutual funds, but have never heard of this one.
Anyone ever heard of this?... there is very little info and discussion of this fund on the web.