Harley-Davidson Inc. (HOG), or Harley as it is commonly known, is a motorcycle manufacturer headquartered in Milwaukee, Wisconsin. Harley was founded in 1903 by William S. Harley and brothers Walter and Arthur Davidson. In the years since, Harley has become one of America's most renowned motorcycle companies.
In the wake of President Trump's tariff decisions, the company announced on June 25, 2018 that it would move some of its manufacturing outside of the U.S., further attracting criticism from him. As of August 13, 2018, Harley has a market cap of $6.5 billion and the stock is down 18.06% year to date (YTD).
The following are the top three largest mutual funds holding shares of Harley.
Dodge & Cox Stock (DODGX)
The largest mutual fund holder, Dodge & Cox Stock (DODGX) owns 5.5 million shares of Harley which account for 3.35% of total shares held as of June 29, 2018. The fund was created in 1930 and its main objective is to obtain long-term growth of principal and income. DODGX does this by diversifying a portfolio made up of what seems to be undervalued companies that have a positive long-term growth prospects.
As of August 2018, DODGX has $73.6 billion in assets under management (AUM), an expense ratio of 0.52%, a turnover ratio of 13%, and requires a minimum investment of $2,500. The funds five-year annualized returns is 12.36%.
Invesco Diversified Dividend A (LCEAX)
As of March 30, 2018, Invesco Diversified Dividend A (LCEAX) is the second-largest mutual fund holder of Harley with 4.9 million shares. This accounts for 2.93% of total shares held and makes up 0.92% of LCEAX's portfolio. The fund focuses on dividend investing that will give long-term growth of capital and current income.
As of August 2018, LCEAX has $21.9 billion in AUM, an expense ratio of 0.83%, a turnover ratio of 8%, and requires a minimum investment of $1,000. The funds has a five-year annualized return of 8.59%.
Vanguard Total Stock Market Index Fund (VTSMX)
The Vanguard Total Stock Market Index Fund (VTSMX) was created in 1992 and its investment strategy is to match the performance of the overall stock market by way of a benchmark. As of June 29, 2018, VTSMX is the third largest shareholder in Harley as it owns 2.51% of total shares held. This accounts for 0.03% of VTSMX's total assets.
As of August 2018, VTSMX has $725.8 billion in AUM, an expense ratio of 0.14%, a turnover ratio of 3%, and requires a minimum investment of $3,000. The funds has a five-year annualized return of 12.76%.