The StockCar Stocks Index (SCARX)
CHRIS GRAYTHEN—GETTY IMAGES
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.
