We published an update on this Long Idea on January 12, 2022. A copy of the associated Earnings Update report is here.

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    2 replies to "This Auto Manufacturer Is Worth the Wait"

    • luke32j@msn.com
      February 18, 2021

      I noticed at FSLEX, a fairly well known and “attractive” one according to your own Newconstructs, has Tesla as its top holding. So what’s the deal here? And do you recommend a better alternative energy ETF/fund?

    • Matt Shuler
      February 19, 2021

      While Tesla is FSLEX’s largest holding, 56% of the fund’s assets are allocated to holdings that are ranked neutral-or-better. At the time of this report, only 36% of FSLEX’s funds were allocated to Unattractive-or-worse-rated stocks. The Tesla position is nearly half of that amount. We categorize FSLEX as an Industrial sector fund. PKB is an Industrial sector ETF that allocates 83% of its funds to neutral-or-better rated holdings and has lower Total Annual Costs compared to FSLEX. Thanks for your question.

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