Alex Hebert

Professor Beaudin
Investments
6 April 2017
Mutual Funds
Dreyfus Institutional S&P 500 Stock Index Fund Class I (DSPIX)
The goals that I have for being a college student is to have make money over

time so I can save up and afford to buy a car in the future. This fund will help me

achieve this goal because it is a smaller mutual fund that does not require much to

be done. This is an Index fund that only requires $2,500 to be invested initially

which is perfect for me because I am a college student that is on a budget. The

main objective of this fund is to match the total returns of the S&P 500. This is a

great fund for me to invest in because over the past year the S&P 500 has increased

by 15.45% over the last year. The fund currently has a NAV of $47.68.

The past performance of this fund is amazing. The fund in the past year has

had a return of 24.73%. In the past 3 years, it has had a return of 10.42%. In the

past 5 years, the return has been 13.80%. The fund has had a return of 7.46% over

the past 10 years. My plan is to keep my money into the fund for about 5 years and

then remove it.

This fund has three different fees that are applied to it. The first fee is an Exp

Ratio (Gross) fee. This fee is about .21% of the gross amount that is invested into

the fund. This fee is made to cover some of the operating costs that it takes to run

the fund. The second fee it has is the Exp Ratio (Net) fee. This fee is also made to

cover the operating expenses and is currently at .20% of the net amount in the

fund. The third fee is the transaction fee. This transaction fee costs $49.95. Every

time you buy into the fund or sell the fund you will be charged a fee of $49.95.
 This fund has many different holdings. The fund has a total of 509 holdings as

of 1/13/2017. The top 10 holdings this fund has is Apple Inc at 3.21%, Microsoft

Corp at 2.50%, Exxon Mobil Corp at 1.73%, Amazon Inc at 1.61%, Berkshire

Hathaway Inc B at 1.55%, Johnson & Johnson at 1.53%, Facebook Inc A at 1.51%,

JPMorgan Chase & Co at 1.50%, E-Mini S&P500 Mar17 at 1.36 %, and General

Electric at 1.31%. The top 10 holdings of this fund make up 17.82% of the total

holdings in this fund. The fund is diversified over many different sectors such as the

technology sector, Financial Services sector, Healthcare sector, industrials etc.

This fund has 3 different managers. The first manager is Thomas J. Durante.

He is a tenure manager that has been managing funds since 1/31/2002, he received

his bachelors degree from Fairfield University. The second fund manager is Karen Q.

Wong. Karen has been the fund manager for this since 4/30/2010. She manages

many other funds and received her Masters degree from San Francisco State

University. The third and final manager of this fund is Richard A. Brown. Richard has

been the fund manager since 4/30/2010. He manages many other funds for other

companies and received his Masters degree from California State University.

When it comes to the risk level of this fund, it is slightly above average when

it comes to risk. It is a little bit above the half mark between Low risk and High risk.

The reason it is a little riskier is because of some of the stocks the fund is invested
in. Some of the stocks have a high beta which cause the fund to be a little riskier.

Fidelity Nasdaq Composite Index Fund (FNCMX)

As a college student, the goal is to save money and spend as little as

possible. With the Fidelity Nasdaq Composite index fund, I am able to do that. This

is an Index fund so it follows the Nasdaq very closely. This fund will help me achieve

my goal because it is a small fund that only requires $2500 to be invested into it in

order to make returns. The main objective of this fund is to match the return of the

NASDAQ Composite Index. This is a great fund for me to invest in because over the
past year the NASDAQ has seen an overall return of about 21.25%. This fund

currently has a NAV of $77.13

The past performance for this fund has been in the positives. In the past year,

the fund has had a return of 22.74%. In the past 3 years, the fund has had a return

of 13.32%$. In the past 5 years, the fund has had a return of 15.09%. In the past 10

years, the fund has had a return of 10.36%. In the first year, the fund has beaten

the NASDAQ in returns. I plan to keep my money in this fund for about a year and

then remove it.

When it comes to fees, the fund has four different fees. The first fee is the

EXP Ratio (Gross) which is meant to cover the operating costs. This fee is currently

0.43% of every $1000 invested into the mutual fund. The second fee is the EXP

Ratio (Net) this is also meant to cover the operating costs needed to run the mutual

fund. This fee is currently at 0.3% of every $1000 invested into the fund. The third

fee is the EXP Cap (Dated) fee which is charged when the fund has reached the cap

limit. This is currently at 0.29% of every $1000 that has been invested into the

mutual fund. The fourth fee is the 12B-1 fee. This fee is made to cover any

marketing costs and distribution costs and is currently at 0.06%.

The fund has many different stocks that it is holding. The fund has a total of

2207 holdings as of 12/30/2016. The top 10 holdings the fund has is Apple inc,

Microsoft Corp, Amazon Inc, Facebook Inc A, Alphabet Inc CL C, Alphabet Inc CL A,

Intel Corp, Comcast Corp CL A, Cisco Systems, and Amgen Inc. These are the top 10

holdings the fund has and that makes up 34.53% of all the holdings this fund has.

This fund is diversified over many sectors such as Information technology,

Consumer discretionary, health care, financials, consumer staples etc.

 The fund currently only has one managing group. The group managing the

fund is Geode Capital Management. They have had a tenure since 9/25/2003 and

are currently managing many of fidelitys mutual funds. They currently manage

about 80 of fidelitys mutual funds.

When it comes to risk level this mutual fund is just as risky as the Dreyfus

S&P 500 Index fund. They are diversified throughout many different sectors which

makes them safe, but some of the stocks they are investing in have higher betas

which makes the fund a little bit riskier.

Franklin Growth Series Class C (FRGSX)

Being a college student I do not have a lot of time to work and make money. I

currently work part time and have a yearly income of about $28,000. That being the

case I am looking for mutual funds that have a low buy in and have a decent return

in a short period of time. When I graduate from college in a year my plan is to buy a

new car and get an apartment. I want to be able to sustain myself without having to

rely on anyone else to support me. This is another Index fund that only requires

$2,500 to purchase into the fund. The main objective of this fund is to follow the

S&P 500 closely while gaining capital appreciation. This fund has a current NAV of

$76.14.
 The past performance on this stock has been positive. Over the past year, the

fund has had a return of 22.54%. In the past 3 years, the fund has had a return of

9.20%. In the past 5 years, the fund has had a return of 11.91%. Over the past 10

years, the fund has had a return of 7.38%. The fund has been in the positive for

returns in all of the return periods.

The downside of this fund is that it has quite a bit of fees. The first fee the

fund has is a EXP Ratio (Gross) fee which is currently at 1.65% for every $1000

invested into the fund. The second fee is the EXP Ratio (Net) fee which is currently

at 1.63% of every $1000 that is invested into the fund. The third fee is the

Contractual Exp Waiver (Dated) fee which is meant to cover all the management

charges that occur with this fund. This fee is currently at 0.02% of every $1000 that

is invested into the fund. The fourth fee is the Distribution and 12b-1 fee which is

currently set at the maximum of 1%. The 5th and final fee that this fund has is the

Differed load fee. The differed load fee is currently set at 1%.

The fund is currently invested in many different holdings. As of 12/31/2016

the fund is currently holding 166 different stocks. The top 10 holdings for this fund

are Apple Inc at 3.94%, Alaska Air Group Inc at 2.37%, Amazon Inc at 2.19%,

Northrop Grumman Corp at 2.13%, Microsoft Corp at 1.76%, Union Pacific Group

Corp at 1.75%, Walt Disney Co at 1.50%, Mettler-Toledo International Inc at 1.48%,

General Dynamics Corp at 1.44% and Boeing Co at 1.43%. These top 10 stocks

make up 19.98% of the total holdings. The fund is currently diversified into many

different sectors such as Industrials, Technology, Healthcare, Financial services,

Basic Materials Etc.

The fund currently has three different managers. The first manager is Serene

Perin Vinton. Serena has been a fund manager since 11/03/2008 and received her
Bachelors degree from Brown University. The second fund manager is John

Anderson. He has been a fund manager since 5/1/2016 and currently manages 5

other funds for Franklin Templeton. The third and final manager is Robert Rendler.

Robert has been a fund manager since 5/1/2016 and currently manages 5 other

funds for Franklin Templeton.

This fund is just as risky as the other according to Morningstar. In my opinion

this fund is very risky because it is only diversified over 166 different. They do not

have many stocks to make sure that the investments are staying stable. If it was

invested in more stocks it would be more stable but currently it is a little riskier than

average.

12 Mutual Funds
Dreyfus Institutional S&P 500 Stock Index Fund Class I (DSPIX)
Fidelity Nasdaq Composite Index Fund (FNCMX)
Franklin Growth Series Class C (FRGSX)
Dreyfus Disciplined Stock Fund (DDSTX)
Franklin Mid Cap Value Fund Class A (FMVAX)
T. Rowe Price U.S. Large-Cap Core Fund (TRULX)
Aasgard Dividend Growth Small & Mid-Cap Fund No Load Class (AADGX)
T. Rowe Price Value Fund (TRVLX)
American Growth Fund Series One Class A (AMRAX)
Fidelity Money Market Fund (SPRXX)
Fidelity Massachusetts AMT (FMSXX)
DoubleLine Shiller Enhanced CAPE Class N (DSENX)