This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Where ETFs and Mutual Funds Collide

While Frank allocates 20% to 25% of the fund to "opportunity areas," his current top holding is the large and liquid PowerShares QQQ (QQQQ), which tracks 100 of the largest domestic and international non-financial companies listed on the Nasdaq based on market capitalization.

The top 10 holdings in the QQQQ are currently Apple (AAPL - Get Report), Qualcomm (QCOM - Get Report), Microsoft (MSFT - Get Report), Google (GOOG - Get Report) and Research In Motion (RIMM), Oracle (ORCL), Cisco (CSCO), Gilead (GILD), Teva Pharmaceuticals (TEVA) and Intel (INTC).

In terms of trading, Frank maintains that his turnover has ranged between 100% and 500%, but lately has been just below 100%. His monitoring has paid off in 2009 -- as the fund hits its five-year mark this April, it held a five star three-year Morningstar (MORN) ranking.

As of June 1, the fund had outperformed the S&P 500 by nearly 12%. As of May 31, ETFOX had a beta of 0.80. The table below lists the fund's holdings as of June 1.

Holdings of the ETF Market Opportunity Fund
PowerShares QQQ QQQQ 15.58%
Vanguard Small Cap VB 8.93%
Vanguard Growth VUG 7.56%
iShares Dow Jones U.S. Aerospace ITA 7.34%
iShares Russell 1000 Growth IWF 7.19%
iShares Dow Energy IYE 5.98%
iShares iBoxx $ Invest Grade C LQD 5.84%
iShares MSCI Hong Kong Index EWH 5.50%
Revenue Shares Small Cap RWJ 4.99%
UltraShort Lehman 20+ Treasury Pro TBT 4.75%
iShares DJ U.S. OE S IEZ 4.61%
Vanguard Info Tech VGT 3.99%
iShares Silver SLV 3.68%
Ultra S&P ProShares SSO 3.43%
Vanguard Small-Cap Growth VBK 2.50%
iShares Russell 1000 Value Ind IWD 0.86%
S&P 500 Depositary Receipts SPY 0.81%
iShares ChileI ECH 0.78%
Cash & Miscellaneous - 5.70%
Net Assets - 100.00%
Don Dion is the publisher of the Fidelity Independent Adviser family of newsletters, which provides to a broad range of investors his commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With more than 100,000 subscribers in the U.S. and 29 other countries, Fidelity Independent Adviser publishes six monthly newsletters and three weekly newsletters. Its flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers. Dion is also president and founder of Dion Money Management, a fee-based investment advisory firm to affluent individuals, families and nonprofit organizations, where he is responsible for setting investment policy, creating custom portfolios and overseeing the performance of client accounts. Founded in 1996 and based in Williamstown, Mass., Dion Money Management manages assets for clients in 49 states and 11 countries. Dion is a licensed attorney in Massachusetts and Maine and has more than 25 years� experience working in the financial markets, having founded and run two publicly traded companies before establishing Dion Money Management.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
IEZ $40.87 -1.60%
SPY $209.36 0.00%
SLV $13.44 -0.56%
SSO $66.10 0.02%
ECH $33.03 -0.45%


Chart of I:DJI
DOW 17,835.67 +23.48 0.13%
S&P 500 2,088.15 -0.99 -0.05%
NASDAQ 5,106.2780 +3.47 0.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs