At some point, we all overthink our investment choices and I'm bouncing this idea off of the MFO folks to provide me some reasoning/guidance.
In my Rollover where 60% of my retirement assets currently sit, I have a healthy, diversified portfolio. In particular, I spread my Large Cap OEF's across Growth, Blend/Core and Value. I consider style, overlap, cost, holdings, Up/Down, SD and Beta. Currently I have the following - HCAIX (Growth), PRDGX (Blend), HCMAX (Value).
TRP has a new Summit 'program' that kicks off on Nov. 15th and part of that is existing clients with a certain asset level will be able to purchase closed OEF's. I'd like to buy PRWCX and use it as a Allocation/Tactical sleeve in my Rollover. I know it's not considered 'tactical' but Giroux successfully moves to all types of investments beyond the atypical equity/fixed income in a tactical fashion.
Here is the potential overthinking - Should I add this and keep the PRDGX position? The Equity sleeve of PRWCX(50-70%) is typically invested in Core/Blend style box...there are also approx 20 holdings that overlap with PRDGX. I recognize that's the overthinking part and not a big deal but it's something I always review.
Would you use PRWCX as an allocation/tactical play and add it or replace PRDGX? I also own BCOIX and PRSNX as my fixed income investments.