|The Four Largest Mutual Fund Holders of AT&T|
|Fund Holder||# Shares||Market Value||Date Reported|
|Vanguard Total Stock Market Index Fund Admiral Shares||201 million||$6.30 billion||Apr 30, 2021|
|Vanguard 500 Index Fund Admiral Shares||146.70 million||$4.60 billion||Apr 30, 2021|
|SPDR S&P 500 ETF Trust||73.20 million||$2.35 billion||May 13, 2021|
|Fidelity 500 Index Fund||65.30 million||$1.97 billion||Mar 31, 2021|
AT&T’s largest mutual fund holder is the Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX). The fund owns more than 201 million shares of AT&T with a market value exceeding $6.30 billion as of April 30, 2021.
Vanguard’s VTSAX is designed to offer broad exposure to the total U.S. stock market. With approximately $1.2 trillion in assets under management (AUM), the VTSAX has an expense ratio of 0.04%, and a five-year annualized return of 17.67% as of April 30, 2021. A minimum investment amount of $3,000 is required.
However, for those who don’t have the $3,000 initial investment, Vanguard also offers an exchange traded fund (ETF) called the Vanguard Total Stock Market ETF (VTI). The VTI has a similar makeup to the VTSAX and the initial investment cost is the price of one share.
AT&T’s second-largest mutual fund holder is the Vanguard 500 Index Fund Admiral Shares (VFIAX), which owns 146.7 million shares for a market value of $4.60 billion as of April 30, 2021.
The VFIAX provides exposure to 500 of the largest U.S. companies across various industries mirroring the Standard and Poor’s 500 index (S&P 500). The VFIAX had approximately $732 billion in assets under management, an expense ratio of 0.04%, and a five-year annualized return of 17.38% as of April 30, 2021.
Although the VFIAX has a minimum investment requirement of $3,000, Vanguard also offers an ETF version called the Vanguard S&P 500 ETF (VOO). The VOO has similar holdings to the VFIAX and its initial cost is the price of one share.
AT&T’s third-largest mutual fund holder of its stock is the popular SPDR S&P 500 ETF Trust (SPY), which is managed by State Street Global Advisors. The SPY ETF tracks the S&P 500 index and is invested in 505 stocks.
The SPY owns 73.20 million shares of AT&T for an approximate market value of $2.35 billion as of May 13, 2021. The SPDR SPY has $358.4 billion in assets under management with an expense ratio of .0945%. The SPY has a five-year annualized return of 17.25% as of April 30, 2021.
AT&T’s fourth-largest mutual fund holder of the company’s stock is the Fidelity 500 Index Fund (FXAIX), which has $328 billion in assets under management. The FXAIX also tracks the S&P 500 Index following a passively managed strategy.
The FXAIX owns nearly 65.30 million shares of AT&T representing nearly $1.97 billion in market value as of March 31, 2021. Fidelity’s FXAIX has an expense ratio of .015%, no investment minimum, and a five-year annualized return of 14.41% as of April 30, 2021.