Anyone familiar with Phoenix Funds?

dougie790 · 04-23-2008, 10:19 AM

My 401k includes an S+P 500 Index called the Phoenix Funds Insight Index (A shares). Is anyone familiar with them or this fund? It has an expense ratio of 0.73, which is a bit high for an index fund I feel. It also carries a front load but we do not have to pay that in the plan. Also, some of the holdings do not make sense; JP morgan money market and a liquid asset portfolio as two of the top five holdings? I am confused by this, shouldn't it just hold the stocks that the index holds? I know some funds use statistical models to represent the index but a money market fund and a liquid asset fund? Can anyone shed some light on this for me. I would like to use an index fund but this one does not look good.

Thanks,

Dave

yakers · 04-23-2008, 10:50 AM

Don't know that particular fund but had a Phoenix fund that was initially good and turned awful. I personally avoid Phoenix funds from that experience and am not an objective observer.

dougie790 · 04-23-2008, 10:54 AM

One would think an index fund would be ok and it does show returns close to the index but those holdings are making me second guess.

04-23-2008, 10:19 AM	#1
dougie790 Dryer sheet aficionado Join Date: Jun 2005 Posts: 29	Anyone familiar with Phoenix Funds? My 401k includes an S+P 500 Index called the Phoenix Funds Insight Index (A shares). Is anyone familiar with them or this fund? It has an expense ratio of 0.73, which is a bit high for an index fund I feel. It also carries a front load but we do not have to pay that in the plan. Also, some of the holdings do not make sense; JP morgan money market and a liquid asset portfolio as two of the top five holdings? I am confused by this, shouldn't it just hold the stocks that the index holds? I know some funds use statistical models to represent the index but a money market fund and a liquid asset fund? Can anyone shed some light on this for me. I would like to use an index fund but this one does not look good. Thanks, Dave

04-23-2008, 10:50 AM	#2
yakers Thinks s/he gets paid by the post Join Date: Jul 2003 Posts: 1,611	Don't know that particular fund but had a Phoenix fund that was initially good and turned awful. I personally avoid Phoenix funds from that experience and am not an objective observer. __________________ A slave is someone who waits for someone else to free them

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04-23-2008, 10:54 AM	#3
dougie790 Dryer sheet aficionado Join Date: Jun 2005 Posts: 29	One would think an index fund would be ok and it does show returns close to the index but those holdings are making me second guess.

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