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It's always interesting to find the quirks in brokerage fund offerings. While PRWCX appears to be available at Merrill, the subject of this thread, PRCFX curiously is not. Likewise, DODLX is not available at Merrill though it sells other D&C funds.
Some of that overweighting comes with the territory. Global Wellesley is a large cap value fund on the equity side.
Since M* doesn't classify allocation funds with respect to value vs. growth, one can look instead at global large cap value funds for a reference. The benchmark index has 24.9% invested in financials, though the category average in only 19.15%. DODWX may be representative here, with a 21.61% exposure to financials.
With its 28.95% in financials, Global Wellesley is still overweight as compared with other large cap value funds. Though not as severely as first appeared.
@msf. Thanks for your comment. Given current circumstances being overweight in that sector concerns me. The problem with Balanced funds is that something will always be not to my liking.
In theory it’s easy. One US value fund. Add one international Value fund in the exact same proportion I desire. The two of them are just the equity allocation I choose. Then two bond ETFs to get the duration and credit quality that’s perfect for my taste. That’s it. My perfect one fund solution in four parts. Then next month I can begin second guessing four choices instead of one. And my dear wife will scream after I depart the scene.
The current VGWIX Fact Sheet indicates 57.1% of the fund's bond allocation was in U.S. bonds. Foreign bonds comprised 42.9% of the fund's bond allocation as of 12/31/2025.
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>> I've found little redeeming value in using Merrill.
PRWCX is buyable and also NL/NTF (it says)
It's always interesting to find the quirks in brokerage fund offerings. While PRWCX appears to be available at Merrill, the subject of this thread, PRCFX curiously is not. Likewise, DODLX is not available at Merrill though it sells other D&C funds.
Hard to tell what's going on without a scorecard.
Since M* doesn't classify allocation funds with respect to value vs. growth, one can look instead at global large cap value funds for a reference. The benchmark index has 24.9% invested in financials, though the category average in only 19.15%. DODWX may be representative here, with a 21.61% exposure to financials.
https://www.morningstar.com/funds/xnas/dodwx/portfolio
With its 28.95% in financials, Global Wellesley is still overweight as compared with other large cap value funds. Though not as severely as first appeared.
What to do!
https://www.aaii.com/fund/ticker/VGWIX
Foreign bonds comprised 42.9% of the fund's bond allocation as of 12/31/2025.
https://advisors.vanguard.com/assets/corp/fund_communications/pdf_publish/us-products/fact-sheet/F1496.pdf