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Maurice said:My investment in Vanguard Wellington began almost 30 years ago. Can't find many better and steadier performers.
My investment in Vanguard Wellington began almost 30 years ago. Can't find many better and steadier performers.
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You did not state whether you have access to broad range of moderate allocation funds; but if this is the case:
You may also consider VILLX, FBALX or FPURX .
Note that VILLX, for whatever reason had a nasty 2014; but appears to be back in the groove for 2015.
This is a list of Morningstar Moderate Allocation funds. Click on the 5 year or any other column header to sort the list by return rate.
Keep in mind that these so called MA funds may vary quite a lot with internal allocations and related. They are not twins and performance will vary, as indicated by the 5 year returns.
It's hard to find something really similar in terms of long term performance and history, portfolio attributes, management experience, and cost to Wellington. For example, D&C has similar long term management and performance and low cost, but higher volatility and a more flexible asset allocation. Villere likewise has similar long term management and performance, but even higher volatility and an equity sleeve that's nontraditional (mid cap growth vs. the usual large cap value).
If you're open to funds that go their own way, there's Bruce Fund (BRUFX). As with the funds above, it also has long term management and fine long term performance. But in common with those other alternates it also has higher volatility.
The Fidelity funds named, like many Fidelity funds, are very growth oriented, with what I'll generously call "substantial" turnover (over 150% annual).
If the focus is on portfolio similarity, something like American Beacon Balanced (AABPX) might fit the bill. Traditional large cap value, low turnover, long term management. Though it now has three subadvisor companies. That's common to Vanguard also, but not to Wellington fund - you'd hardly expect a fund named Wellington to be submanaged by anyone but Wellington Management
M* 5 of Our Favorite Moderate-Allocation Funds: