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.