Securities Cet: Fund and Vanguard Wellington

securities cet: The 4.7 billion Pioneer fund, launched in February 1928, has a much less stellar performance history, but is under new management, according to Market Watch. And we can't ignore the very first mutual fund, the solid, 6 billion MFS Massachusetts Investors Trust, founded in July 1924. Some are names you'd know, from big fund companies, that have grown to prominence most notably, the top-notch 93 billion Vanguard Wellington, launched in July 1929. But there are a handful of smaller, closed-end funds that have been around since the '20s, and offer much more than just a colorful history. They include Central Securities CET, 0.27% Adams Diversified Equity ADX, 0.54% General American Investors GAM, 0.70% and Tri-Continental TY, 0.22% Closed-end funds trade on an exchange, unlike open-end funds, and have a fixed number of shares, unlike exchange-traded funds. These active managers have toddled along, relatively unnoticed, offering solid performance, high yields, cheap valuations and strong share-buyback programs. (news.financializer.com). As reported in the news.