Why would you invest in a mutual fund instead of investing in its top holdings (see details)?
- the top 10 holdings are at least 50% of the total holdings
- several of the top 10 holdings are ~10% or more of the total holdings
- a relatively low turnover rate (e.g. 40%)
- the fund has a successful historical track-record and a long-time fund manager
Why not just follow the top holdings of historically successful mutual funds?