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VWINX/VWIAX VG Wellesley Income Fund Portfolio Allocation, Over Time [2010 - 2015]?

ibartman
in Fund Discussions
Does anyone have the stock/bond split of Vanguard's Wellesley Income Fund over - say - the last 5 (or more?) years?

(I thought I could get this from the Morningstar PDF's - I have Premium access - but the PDF appears to be missing.)

Reason: I am playing around with "synthetic" Wellesley Fund construction/performance, using Vanguard's VEIPX for stock portfolio, and bond-fund-to-be-figured-out-later for the bond portfolio.

Thanks - in advance.

Example: Looking for answer like this:

2010: 30% stock, 70% bond [or whatever]
2011: xx% stock, xx% bond [etc...]
...
2015: xx% stock, xx% bond

Comments

  • Old_Skeet
    I hope this will help as I found the equity allocation: 2015 (36%) ... 2014 (37%) ... 2013 (38%) ... 2012 (37%) ... & 2011 (36%). From this, I am thinking the bond allocation will be about 60% plus or minus a couple of percent and cash will most likely be the residual.
  • hawkmountain
    It's my take that they keep it pretty much 60/40. So why not just buy VWINX?
    Although, IMHO, I would not at this time.
    I like VEIPX, and VDIGX. As well respected as Vanguard is, I can't see buying anything with bonds in it. Keep cash or very short term stuff. Hey, maybe we'll go back to the late 70's when I used to go down to the bank and get 14% CD's...LOL. The problem then was I didn't have the wits to buy up good stocks that absolutely nobody wanted with that kind of immediate cash in their eyeballs.
  • WallStreetRanterWallStreetRanter
    It's basically almost static 60/40.
    image
  • ibartman
    edited August 2015
    Thank you Old Skeet, hawkmountain and WallStreetRanter!

    A picture IS worth a thousand words.....

    I DO own VWINX.

    But "suppose" I wanted to sell a portion of what I own, and maintain a similar exposure for probably a short period of time (if VWINX was essentially flat), or possibly longer (if it performed well in the short-term)....

    I needed the portfolio allocations to "confirm" that the "synthetic" VWINX would have performed similarly (using a rear-view mirror to drive forward.)

    Of course, the interesting thing about WallStreet's picture is HOW steady VWINX's allocation WAS - particularly through 2008/2009, for example - when we know that the value of it's equities dropped precipitously.... ;^)

    Thanks again to all.
  • ibartman
    edited August 2015
    So - and one shouldn't be too dogmatic about this - based on current portfolio, and keeping it simple.... 
    37% VEIPX @ 29bps  Equity Income Fund  [Also VEIRX]
    50% VFIDX @ 10bps  Intermed Term Investment Grade Fund [Also VFICX]
    13% VBTLX @  7bps  Total Bond Market Fund [Also VBMFX]
    =   BLEND @ 17bps
    Would - more or less - appear to resemble VWINX with respect to rating and issuer, based on M* and VG info sources, using a mix of Vanguard Investor and Admiral class funds.

    Finally, the expense ratio is just 1 bp below that of the Wellesley Admiral share class.

    NOTE:
    Above Investor and Admiral share class choices reflect dollar amounts that I anticipate for specific situation. Your mileage, as they say, could vary.

    Also, "rebalance monitoring" - roughly - should be relatively easy. Whenever the VFIDX/VFICX varies significantly from 50%, time to do it.
    Comments/thoughts? Thanks.
  • beebee
    edited August 2015
    What are you expecting to gain from owning and managing (at least the reallocation decisions) with this "comparative blend set of funds" verses just owning VWINX?
  • ibartman
    edited August 2015
    bee: Good question. Self education, entertainment, and tax management.
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