Top Mutual Fund Holders of FedEx (FDX)

1. The Dodge & Cox Stock Fund (DODGX)

The Dodge & Cox Stock Fund (DODGX) is the biggest fund holder of FedEx stock, owning about 10.8 shares for a market value of $1.6 billion at the end of September 2021.

The Dodge & Cox Stock Fund is an actively managed stock fund that invests in undervalued companies with favorable long-term outlooks. Portfolio managers seek to earn growth of capital while generating income. The fund’s returns are benchmarked to the return of the S&P 500 Index.

As of Sept. 30, 2022, the fund had $88.11 billion in assets under management with a five-year annualized total return of 7.29% and an expense ratio of 0.52%. The DODGX requires a minimum investment of $2,500.

2. The Vanguard PRIMECAP Fund Admiral Shares (VPMAX)

The Vanguard PRIMECAP Fund Admiral Shares (VPMAX) is the mutual fund with the second-largest equity holding in FedEx shares. VPMAX owns nearly 9.06 million shares for a market value of $1.3 billion as of Sept. 30, 2022.

Vanguard’s VPMAX is an actively managed stock growth fund that invests primarily in U.S. equity securities. The fund’s objective is to achieve long-term growth of principal. The fund’s benchmark is the Standard & Poor’s 500 Index (S&P 500 Index).

As of the end of September 2022, the fund had a five-year annualized total return of 9.40, an expense ratio of 0.04%, and assets under management (AUM) of nearly $56 billion. The fund requires a minimum investment of $3,000, but it is now closed to new investors.

3. The Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)

The Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) is the third-largest fund holder of FedEx, owning more than 6.7 million shares for a market value of $1.95 billion as of Sept. 30, 2021.

The VTSAX is a passively managed stock index fund that invests in the common stock of U.S. companies in direct relation to their weightings in the CRSP U.S. Total Market Index. The index is composed of more than 3,700 stocks that trade on the New York Stock Exchange (NYSE) and Nasdaq.

As of Sept. 30, 2022, the fund had a five-year annualized total return of 9.79%, an expense ratio of 0.04%, and approximately $1.1 trillion in assets under management.

Although the VTSAX requires a minimum investment of $3,000, Vanguard offers an ETF version called the Vanguard Total Stock Market ETF (VTI), which has a lower initial investment requirement of the price of one share.

4. Fund SPDR S&P 500 ETF Trust (SPY)

The Fund SPDR S&P 500 ETF Trust (SPY) has the fourth-largest mutual fund holding in FedEx. Launched in 1993, SPY lays claim to being the first exchange-traded fund listed in the U.S. As such, it is a passively-traded fund that aims to track the performance of the S&P 500.

The fund owns more than 6.7 million shares of FedEx with a market value about $1.95 billion as of Sept. 30, 2022.

As of Nov. 10, 2022, SPY had about 368.2 billion in assets under management and a five-year annual return of 10.29%. Its expense ratio is .00945.

5. The Vanguard 500 Index Fund Admiral Shares (VFIAX)

The Vanguard 500 Index Fund Admiral Shares (VFIAX) rounds out the top five list of mutual fund holders of FedEx stock, owning slightly more than 5.4 million shares for a market value of $804.2 billion as of Sept. 30, 2022.

The Vanguard 500 is a passively managed stock index fund that tracks the S&P 500 Index and has $371 billion in assets under management. The fund has a five-year annualized total return of 10.40% and an expense ratio of 0.04% as of Sept. 30, 2022.

The VFIAX has a $3,000 minimum investment requirement. However, Vanguard offers an ETF called the Vanguard S&P 500 ETF (VOO), which only requires the price of one share as its initial investment requirement.