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Rekenthaler Report

The Strange and Happy Tale of Voya Corporate Leaders Trust

A fund that shouldn’t succeed, but does.

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Depression Baby
This story is neither new nor untold. There is more to be said about the subject, though.

Voya Corporate Leaders Trust (LEXCX), nee Lexington Corporate Leaders Trust, is the industry's oddest duck. Founded in 1935, the fund was the industry's first passively managed offering, beating Vanguard 500 Index (VFINX) to the starting line by a cool four decades.

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John Rekenthaler has a position in the following securities mentioned above: BRK.B. Find out about Morningstar’s editorial policies.