Top Mutual Fund Holders of Harley-Davidson Inc.
Harley-Davidson Inc. (HOG) is a motorcycle manufacturer headquartered in Milwaukee, Wisconsin. The company was founded in 1903 by William S. Harley and brothers Walter and Arthur Davidson. In the years since Harley-Davidson has become one of America’s most renowned motorcycle companies.
In 2020, Harley-Davidson earned $4.05 billion in revenue for the year, despite a 17% decrease in worldwide retail sales due to the impact of the coronavirus pandemic.Below are the top four funds with the largest equity positions in Harley-Davidson.
1. Invesco Diversified Dividend Fund Class A (LCEAX)
Invesco Diversified Dividend Fund Class A (LCEAX) is the largest mutual fund holder of Harley-Davidson with 5.94 million shares for a market value of more than $238 million as of Jan. 30, 2021.
The LCEAX focuses on dividend investing that provides long-term growth of capital and current income. The LCEAX has $16.35 billion in assets under management, an expense ratio of 0.84%, and a five-year annualized return of 8.06% as of March 31, 2021. The fund has a $1,000 minimum investment requirement.
2. Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)
The second-largest mutual fund holder of Harley-Davidson is the Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX), which owns more than 4.32 million shares for a market value of $209 million as of April 30, 2021.
Vanguard’s VTSAX offers investors broad exposure to the U.S. stock market with $1.2 trillion in assets under management. The fund’s expense ratio is 0.04%, and its five-year annualized return is 17.67% as of April 30, 2021.
Although the VTSAX has a minimum investment requirement of $3,000, Vanguard offers an exchange traded fund (ETF) similar to the VTSAX, but its initial investment cost is the price of one share. The ETF version is called the Vanguard Total Stock Market ETF (VTI).
3. iShares Core S&P Mid-Cap ETF (IJH)
The third-largest mutual fund holder of Harley-Davidson is the iShares Core S&P Mid-Cap ETF (IJH), which owns 4.18 million shares for a market value of nearly $203 million as of May 28, 2021.
The IJH is managed by BlackRock Inc. and invests in mid-sized U.S. equities designed to provide long-term growth. The IJH has $64.57 billion in assets under management and a 0.05% expense ratio as of May 28, 2021. The five-year annualized return for the fund is 14.31% as of March 31, 2021.
4. Vanguard Small-Cap Index Fund Admiral Shares (VSMAX)
The fourth-largest mutual fund holder of Harley-Davidson is the Vanguard Small-Cap Index Fund Admiral Shares (VSMAX), which owns more than 3.76 million shares for a market value of $182 million as of April 30, 2021.
Vanguard’s VSMAX offers investors broad exposure to small-sized U.S. companies that may experience more volatility or price fluctuations. The fund has $135 billion in assets under management as of April 30, 2021.
The small-cap fund’s expense ratio is 0.05% as of April 29, 2021, and its five-year annualized return is 15.60% as of March 31, 2021.
Although the VSMAX has a $3,000 minimum investment requirement, an ETF version is available that has an initial cost of one share. The ETF is called the Vanguard Small-Cap ETF (VB).
