The 10 Strangest Mutual Funds

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The StockCar Stocks Index (SCARX)

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At first glance, this fund appears to be a dream come true for NASCAR fans, but most of its holdings are only tangentially related to professional racing. Investors might be surprised to see that along with some car-related names, the fund's top holdings include Disney, Target, Coca-Cola, and Sony. “[You have] two or three legitimate NASCAR plays, and then you have to go into all sorts of whacky stuff like Target and Coca-Cola because they sponsor someone’s car,” says Russel Kinnel, Morningstar’s director of mutual fund research.

Next: The Blue Chip Winery Fund

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