Key insights
- A portfolio review highlights the high fees (1.25%) associated with managed accounts versus passive index investing. The portfolio includes structured notes, ETFs, mutual funds, and individual stocks across various sectors. The potential shift to a lower-cost index fund strategy could slightly reduce demand for actively managed funds and individual stock holdings.
Not sure I want to keep paying 1.25% to have this managed. Wouldn't just having it all in an index fund be easier
Portfolio Holdings List
Structured Notes / Market-Linked / Cash
BOFA Finance 4Y U.S. Equity Autocallable Step-Up Note
BNP Paribas 5Y U.S. Equity Autocallable Step-Up Note
Goldman Sachs 2Y Russell 2000 Market-Linked CD
Morgan Stanley 2Y S&P 500 Market-Linked CD
Raymond James Bank Deposit Program (cash)
ETFs
VOO – Vanguard S&P 500 ETF
VUG – Vanguard Growth ETF
IJR – iShares Core S&P Small Cap ETF
AGG – iShares Core U.S. Aggregate Bond ETF
Mutual Funds
HMVJX – Hartford Mid Cap Value Fund
JMGRX – Janus Henderson Enterprise Fund
JCAPX – Janus Henderson Forty Fund
PEIYX – Putnam Large Cap Value Fund
MWTIX – TCW Metropolitan West Total Return Bond
ANBFX – American Funds Strategic Bond Fund
SOPYX – ClearBridge Dividend Strategy Fund
GSFTX – Columbia Dividend Income Fund
HHDFX – Hamlin High Dividend Equity Fund
IGFFX – American International Growth & Income Fund
BMCIX – BlackRock High Equity Income Fund
NDVIX – MFS New Discovery Value Fund
Individual Stocks
Technology / AI / Semiconductors
AVGO – Broadcom
AMD – Advanced Micro Devices
MSFT – Microsoft
GOOGL – Alphabet
AAPL – Apple
ADI – Analog Devices
AMAT – Applied Materials
NVDA – Nvidia
CDNS – Cadence Design Systems
SNPS – Synopsys
CRM – Salesforce
META – Meta Platforms
AMZN – Amazon
NXPI – NXP Semiconductors
Financials / Payments / Insurance
JPM – JPMorgan Chase
WFC – Wells Fargo
V – Visa
CME – CME Group
CB – Chubb
ALL – Allstate
SPGI – S&P Global
Industrials / Infrastructure / Engineering
GEV – GE Vernova
TT – Trane Technologies
ETN – Eaton
MSI – Motorola Solutions
PH – Parker-Hannifin
JCI – Johnson Controls
CMI – Cummins
UNP – Union Pacific
APH – Amphenol
Healthcare / Medical / Pharma
UNH – UnitedHealth
LLY – Eli Lilly
ABBV – AbbVie
JNJ – Johnson & Johnson
ZTS – Zoetis
DXCM – Dexcom
EW – Edwards Lifesciences
IQV – IQVIA
STE – Steris
Consumer / Retail / Restaurants
WMT – Walmart
BBY – Best Buy
TJX – TJX Companies
HD – Home Depot
DRI – Darden Restaurants
CMG – Chipotle
Energy / Utilities / REIT
MPC – Marathon Petroleum
FANG – Diamondback Energy
CEG – Constellation Energy
NEE – NextEra Energy
ETR – Entergy
O – Realty Income
Communications
VZ – Verizon
Chemicals / Materials
APD – Air Products & Chemicals
Other
SCI – Service Corporation International
Total Portfolio
~$437,652