In a recent congressional trade report, it was revealed that Stephen Lynch, a member of Congress from Massachusetts's 8th congressional district (MA08), has made significant changes to his investment portfolio. Lynch has sold assets from a variety of mutual funds and redirected the proceeds into the Vanguard Target (NYSE:TGT) Date 2025 Mutual Fund.
The report details that Lynch sold assets from American Funds Euro-Pacific Mutual Fund, American Funds Income Fund of America, Federated Kaufman Small Cap A Mutual Fund, Fidelity Balanced Fund, Fidelity Contra Fund Mutual Fund, and Fidelity Emerging Markets Mutual Fund. The dollar value of these sales ranged from $1,001 to $250,000.
The most noteworthy sale was from the Fidelity Contra Fund Mutual Fund, with the transaction amounting to somewhere between $100,001 and $250,000. All these assets were held in Lynch's South Boston Community Health (NYSE:CYH) Center 403(b) account.
Simultaneously, Lynch made a significant purchase in the Vanguard Target Date 2025 Mutual Fund. The transaction was valued between $250,001 and $500,000. The report explicitly states that the proceeds from the sale of the other mutual funds were invested in the Vanguard fund.
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