vbiax taxable bogleheads

If the correlation of U.S. stocks and bonds stays near zero, which it was over the previous 10 years, that would translate to annualized volatility of about 9.69% over the next decade for this fund, which is basically equal to the average over all the rolling 10-year periods since the fund launched. Hartford Schroders Tax-Aware Bond ETF: $107,834: 3.72%: 0.39%: HSRT: Hartford Short Duration ETF: $51,876: 2.53%: 0.29%: UCON: First Trust TCW Unconstrained Plus . These returns are not significantly different, but when you can still get strong performance with less risk, you have a smart holding. By contrast, many of the Vanguard mixed asset funds that I own are tax efficient such as Vanguard Global Wellington (VGWAX), Vanguard Target Retire 2020 (VTWNX), and Vanguard LifeStrategy Conservative Growth (VSCGX). The fund portfolio consists of about 50% mid- and large-cap U.S. stocks, with the other 50% in federally tax-exempt municipal bonds. Top holdings at the moment include Berkshire Hathaway (BRK.B (opens in new tab)), Johnson & Johnson (JNJ (opens in new tab)) and JPMorgan Chase (JPM (opens in new tab)). How to Help Your Kids Profit From Their Collectibles, Donor-Advised Funds: A Tax-Savvy Way to Rebalance Your Portfolio, Best Consumer Discretionary Stocks to Buy Now, Best Communication Services Stocks to Buy Now, The 9 Best Consumer Staples Stocks to Buy, a smart play for offense and defense alike. What are If you want easy that is your answer no rebalancing for you to do. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. What is The VTSAX and VTI include small-cap stocks, which tend to boost long-term returns and reduce short-term taxes from dividends. Thank you. Possible solutions to the shortfall discussed include raising the cap on how much income is taxed, which is currently set at $142,800 in 2021, and/or raising the retirement age. A Taxable Account Isn't Actually That Bad. VBIAX has a higher 5-year return than VWELX Analysts Disclosure: I/we have a beneficial long position in the shares of ARBIX, COTZX, CRAAX, FSRRX, TMSRX, VGWAX, VSCGX, VTWNX, VTINX either through stock ownership, options, or other derivatives. Still, it seems likely the fund's volatility will be higher over the next decade and that returns will be lower. Vanguard Index Funds - Vanguard S&P 500 ETF is an exchange traded fund launched and managed by The Vanguard Group, Inc. Some wealthy investors have been cited calling for higher taxes on the wealthy as described in These Billionaires Want The Ultra-Wealthy To Pay More In Taxes. Almost any year could be a good year to consider holding Vanguard index funds. Vanguard is no longer accepting new investments for its PRIMECAP Fund Investor Shares (VPMCX) fund but it remains a favorite with our experts. Interest income and dividends are taxed as ordinary income, just as if you had received pay from a job. To own VTMFX, you'll need to pony up $10,000. My taxable accounts (51% of my total portfolio) have the unruly and disheveled composition shown below. ", Vanguard. There are some Municipal Funds in the mix, which investors should evaluate for rate sensitivity. For those with Traditional IRAs, Required Minimum Distributions must also be taken at age 72. But what percentage of the population will embrace them? I wrote this article myself, and it expresses my own opinions. . "Mutual Funds (Costs, Distributions, Etc.).". Note: This fund also is available as an ETF the Vanguard Value ETF (VTV (opens in new tab)), which charges 0.04% annually. ", Vanguard. beyond what you can find in its prospectus, and on Morningstar or Yahoo VBIAX bond funds have their work cut out for them. Index investing is a passive strategythat attempts to track the performance of a broadmarket index such as the S&P 500. In a year where uncertainty could hang over capital markets, having a broadly diversified bond index fund to fade that uncertainty seems wise. Some only distribute dividends once per year (in December), and others distribute on the first day of each month. The best way to win in the long run is often to avoid losing in the short term. ETFs vs. Mutual Funds: Tax Efficiency.. Vanguard Index Funds - Vanguard S&P 500 ETF was formed on August 31, 1976 and is domiciled in the United States. investments grow tax free instead of tax deferred. The Clermont-Auvergne-Rhne-Alpes Centre brings together the units located in the Auvergne region, from Bourbonnais to Aurillac via Clermont-Ferrand, with 14 research units and 14 experimental facilities, representing 840 staff (permanent and contractual staff). Attempting to beat the market? I use Mutual Fund Observer MultiSearch as the primary tool to analyze and rank funds based on risk, momentum, quality, income, and consistency factors. VBIAX has a lower expense ratio than VTI ", Vanguard. VBIAX has generated the What are If were directing a movie for the investing version of the famous tortoise-and-the-hare fable, I would cast Vanguard Wellesley as the tortoise that wins the race. perhaps you're looking for VBIAX fact sheet, and learn about its The Vanguard Wellesley Income Admiral Fund, 2. The stock portion is primarily large-cap blend, while the bond portion is mostly medium-maturity, highly rated debt. The fund invests in mid- and large-cap U.S. stocks, using a unique index investing style that keeps tax costs low and limits its overall expenses. For further information, check out "Vanguard Wellesley Income Fund Admiral Shares (VWIAX): Portfolio & Management. VBIAX has a lower 5-year return than VTI (% vs 10.38%). They're tax-free at the federal level and sometimes at the state level as well. And good news if you prefer exchange-traded funds: All but one of these come in an ETF wrapper, too. Is there another tax-efficient funds I should be looking at? You can learn more about the standards we follow in producing accurate, unbiased content in our. Best of all it's totally FREE! As such, they can be a great investment for retirees. Category: Allocation 30-50% Equity. Vanguard Real Estate Index Admiral (VGSLX (opens in new tab), $121.58) had a rough 2020 that saw it lose 5% while the broader market ramped up by 18%. The new figures show that, as of 2019, nearly 3,000 taxpayers held Roth IRAs worth at least $5 million. an ETF. It holds only tax free bonds as far as I know. ", Vanguard. These products and services are usually sold through license agreements or subscriptions. ", Vanguard. Read our, 10 Best Vanguard Funds To Hold for Long-Term Investing, Why Vanguard Total Stock Market Index Is the Biggest Fund in the World, 5 Best Vanguard Funds to Buy From 5 Different Categories, Top 9 Things to Know About Mutual Fund Taxation, How Tax-Managed Funds Help Lower Your Tax Bill, Best Vanguard Funds for International Stocks, Build a Portfolio With the Best Vanguard Funds, Vanguard Total Stock Market Index (VTSAX), Vanguard Tax-Managed Capital Appreciation Fund (VTCLX), Vanguard Tax-Managed Balanced Fund (VTMFX), Vanguard Intermediate-Term Tax-Exempt Fund (VWITX), Questions and Answers on the Net Investment Income Tax, Mutual Funds (Costs, Distributions, Etc. stocks to sell And what about social security having to cut benefits in 2034? I may be incorrect but once you withdraw contribution for a particular year you can't put it back in but I could be wrong with . Bogleheads are passive investors who follow Jack Bogle's simple but powerful message to diversify and The Vanguard Capital Markets Model also paints a rosier picture for more globally diversified portfolios going forward. You'll get all this info in one place. It might be useful to make a list of various ETF/Fund partners for any given asset class. VBIAX. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. We also reference original research from other reputable publishers where appropriate. The fund invests in growth and value stocks of large-cap companies. While the benchmark returned 2.11% and 6.38% in one year and 10 years, the fund returned 3.52% and 6.87% during the same periods. You can also look at the "tax cost ratio," which tells you how much of a fund's return is reduced by taxes. This is the company's oldest mutual fund and, according to Vanguard, America's oldest balanced fund. It invests at least 25% in fixed-income senior securities. It returned 15.35% compared to the index's 14.49% in one year. Tips for Finding the Best Funds for Retirement, 1. Learn more about VEXAX at the Vanguard provider site. And when you invest in Vanguard specifically, chances are you're getting that passive exposure at a dirt-cheap rate. Our experts mostly liked Vanguard funds, for their low cost and high performance, and cautioned that any of those named below should be part of a balanced portfolio catered to your specific financial situation. Nonetheless, investors can assume that the 2021 stock market will eventually follow some of the usual hallmarks of a market recovery. Putting those risk and return characteristics together, not only has it been one of the most profitable times for this two-fund portfolio, it's also been the smoothest ride to get there. The top 10 holdings represent 13.93% of total assets. Large-caps tend to lag behind stocks of smaller capitalization during economy recoveries. The quickest way to lose when you're investing in taxable accounts is by doing so in the types of mutual funds that incur the most in taxes. Top holdings such as Taiwan Semiconductor (TSM (opens in new tab)), Alibaba (BABA (opens in new tab)) and Tencent Holdings (TCEHY (opens in new tab)) aren't necessarily household American consumer names, but they're still well-known to many investors at this point. Develop and improve features of our offerings. ratio (%). My overall target asset allocation is serendipitously 50/50. But if you want to get average returns that significantly outpace inflation, while taking a moderate level of market risk, VBIAX is a smart holding in the short term and in the long run. Consider investing in funds that provide you with a source of current income and charge low fees. VBIAX vs VWELX. Compare and contrast: VBIAX vs VTI . alternatives? Top holdings include Apple Inc. (NASDAQ:AAPL) and Exxon Mobil Corporation (NYSE:XOM). Vanguard Value Index Admiral (VVIAX (opens in new tab), $47.51) is a low-cost fund that plays on what's expected to be one of the big themes of 2021: value stocks. The minimum initial investment is $3,000. "Stock Fund: Characteristics. Table #3: Long Term Capital Gains Tax Rates. This ratio helps explain how much value as a percentage of change is lost because of taxes, compared to pre-tax value. But why sell off VUG and buy VTI? Meanwhile, expenses at just 0.25% are a steal, and minimum initial purchase is $3,000. Learn more about VFIAX at the Vanguard provider site. VBIAX 12b-1 distribution fee is Converting to a Roth IRA usually makes sense in the following situations: There are times when converting a traditional 401k/IRA into a Roth is advantageous as described in 7 Times When Converting To A Roth IRA Pays Off The Most. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. It's available as Admiral Shares with an expense ratio of 0.09% and an initial investment of at least $3,000. One should be mindful of how income levels impact Medicare premiums when determining how much to convert. Just how much of a shot in the arm to the economy will these vaccines bring? Article printed from InvestorPlace Media, https://investorplace.com/2015/02/best-vanguard-balanced-funds-vbinx-vtmfx-vwinx/. ", Vanguard. VBIAX Wellesley is generating income from taxable bonds, taxable as ordinary income. In no particular order, here are seven of the best Vanguard index funds for investors seeking core holdings in 2021. Its low costs and thoughtfully designed portfolio of U.S stocks and high-quality bonds should keep it ahead of most rivals, even with more-difficult markets going forward. One such hallmark is that early-phase business cycle stocks such as the large-cap value stocks that VVIAX holds could outperform growth after a long drought. The final section lists twenty two tax efficient funds suitable for many taxable accounts selected using tax and risk Metrics from the Mutual Fund Observer Multi-Search Tool. You can buy municipal bond funds if you're looking for income-generating funds. 1125 N. Charles St, Baltimore, MD 21201. One of the best conservative allocation funds to buy for retirement is . Transparency is our policy. VBTLX is a nearly 10,000-holding portfolio of U.S. investment-grade debt. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. (6.79% vs 8.67%). Simple mean reversion points in this direction. Investors looking for a little more "oomph" in their portfolio might want to consider Vanguard Extended Market Index Admiral (VEXAX (opens in new tab), $133.85), which invests primarily in mid-cap stocks, as well as some small caps. As of March 31, 2022, the fund's one-year and 10-year returns were 3.60% and 6.95%, respectively. Compare and contrast: (Picasso). New comments cannot be posted and votes cannot be cast. The fund invests in stocks of companies operating across diversified sectors. The portfolio for VBINX invests in a moderate allocation of approximately 60% stocks and 40% bonds by tracking two indices that represent broad exposure to the U.S. equity and U.S. taxable bond markets. VBIAX vs VTSAX. Keeping it simple has been anything but stupid. The Vanguard Equity Income Fund Investor Shares, 4. Our experts like Vanguard's PRIMECAP Fund Investor Shares, which is no longer accepting new investments. Another of Strattons favorites is the Vanguard Wellington Fund Investor Shares (VWELX). All of the fund's share classes earn a Morningstar Analyst Rating of Gold, except for . Over time, putting tax efficient equities with higher returns in a taxable account or Roth IRA and taxable bonds in a traditional IRA can add up to significant savings in taxes. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Vanguard Index Funds - Vanguard Total Stock Market ETF was formed on April 27, 1992 and is domiciled in the United States. Investing in broad-market (MF or ETF) indexes, diversified between equities and fixed income. That is a bit more along the lines of what I am thinking, but more than three funds -- perhaps 5-8 funds. Scott Stratton, CFP and president of Good Life Wealth Management, likes the Vanguard Equity Income Fund Investor Shares (VEIPX). Best Tax Efficient Funds | Seeking Alpha Expenses: 0.23%. While investors wait for a recovery in these shares, they'll be paid a handsome yield of nearly 4%. The portfolio for VWINX stays around one-third stocks, two-thirds bonds. Go back 15 years, which includes two of the worst bear markets in history, and the case for VBINX is compelling. FBALX profile: My Roth is 100% VTSAX. between VBIAX and VBINX. This is exactly the sort of advice that I am seeking. Learn more about VGSLX at the Vanguard provider site. VBIAX and VWELX have the same expense Many of the funds are low cost indexed equity growth funds which benefit from capital gains taxes. The Fund employs an indexing investment approach to track the performance of the CRSP US Total Market Index. (6.79% vs 6.67%). It seeks to track the performance of the CRSP US Total Market Index, by using representative sampling technique. quotes delayed at least 15 minutes, all others at least 20 minutes. The worst types of funds to hold in a taxable account include actively managed funds with high turnover ratios, funds that pay above-average dividends, and most types of bond funds. key stats, buy or sell analysis and holdings), go to Finny and look for "VBIAX". Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Put all that money in VG Tax-Managed Bal Fund Adm since it is 50/50 I don't you dollar amounts but it looks like that is a way to get 7 things into one. 2023 InvestorPlace Media, LLC. r/Bogleheads - Okay so I stupidly purchased VBIAX in a brokerage Value investing beats growth in the long run, and the best way to participate in value is through funds. One more question. I'm now considering moving the money to VGSTX Star fund. The 15-year annualized return of 8.1% demolishes that of the S&P 500, and any portfolio manager with an allocation of 100% stocks would be proud to boast of such outstanding long-term results. 11. Kiplinger is part of Future plc, an international media group and leading digital publisher. Or (opens in new tab), The Best T. Rowe Price Funds for 401(k) Retirement Savers. Because VUG is riskier, so it would be a good way to eat up the realized cap losses? Privacy Policy and The fund invests in mid- and large-cap U.S. stocks, using a unique index investing style that keeps tax costs low and limits its overall expenses. 3 Beautifully Boring, Balanced Funds From Vanguard Finding the best ETFs to buy in a high-inflation environment can seem like a tall task, but these five picks are a good place to start. Entering text into the input field will update the search result below, this article describes tax efficient asset location strategies. "Investor Bulletin: Robo-Advisers. VTSAX profile: The Fund seeks to track the performance of a benchmark index that measures the investment return of the overall stock market. Copyright VBIAX and VBINX have the same expense 5 Actively Managed Vanguard Funds to Own for the Long Haul Most retirees will find that a 90% weighting toward stocks is too high, but theyre likely to have other funds to balance it out. comparison details. Second, an all-in-one fund (even a tax-managed one) gets in the way of an asset location strategy. Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free! No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Roughly 65% of the portfolio is invested in large-cap value stocks with a median market cap of $184.3 billion. In fact, it is for all Vanguard funds - though you'll need to . Learn more about VBTLX at the Vanguard provider site. More impressive is the long-term track record, with VFIAX's 10-year return besting 68% of category peers. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Exhibit 1 shows how the most recent 10-year returns, standard deviation, and Sharpe ratio rank compared with all periods and the average over those periods. Jason Kephart does not own (actual or beneficial) shares in any of the securities mentioned above. It has a one-year yield of 10.5% and a 10-year yield of 5.6%; and 2) Vanguard's Tax-Managed Balanced Admiral Fund (VTMFX) that requires $10,000 to purchase. "Vanguard Wellesley Income Fund Admiral Shares (VWIAX): Price & Performance. $10.00K. The Vanguard PRIMECAP Fund Investor Shares, Growth and Income Fund: Definition, Investment Mix, Examples, Benchmark: What It Is, Types, and How to Use Them in Investing, Investing in an index: overview, examples, and FAQ, Balanced Fund: Definition, Investment Mix, Examples, Morningstar Finds Falling Fees Saved Investors $6.2 Billion in 2020, Vanguard Wellesley Income Fund Admiral Shares (VWIAX): Overview, Vanguard Wellesley Income Fund Admiral Shares (VWIAX): Portfolio & Management, Vanguard Wellesley Income Fund Admiral Shares (VWIAX): Price & Performance, Vanguard Wellesley Income Fund Investor Shares(VWINX): Overview, Vanguard Wellesley Income Fund Investor Shares(VWINX): Portfolio & Management, Vanguard Wellesley Income Fund Investor Shares(VWINX): Price & Performance, Vanguard Equity Income Fund Investor Shares(VEIPX): Overview, Vanguard Equity Income Fund Investor Shares(VEIPX): Portfolio & Management, Vanguard Equity Income Fund Investor Shares(VEIPX): Price & Performance, Vanguard Wellington Fund Investor Shares (VWELX): Overview, Vanguard Wellington Fund Investor Shares (VWELX): Portfolio & Management, Vanguard Wellington Fund Investor Shares (VWELX): Price & Performance, Vanguard PRIMECAP Fund Investor Shares (VPMCX): Overview, Vanguard PRIMECAP Fund Investor Shares (VPMCX): Portfolio & Management. But in that way, balanced funds are the tortoise. NY 10036. Below is the comparison I'm doing lots of tax loss harvesting in the last month or so. Repeal the foreign derived intangible income (FDII) deduction. I have also had preliminary discussions with a Financial Advisor about converting Traditional IRAs to a Roth after retirement. On a tax-adjusted basis (measured by tax-cost ratio), VTMFX beats 99% of the conservative allocation funds for one-, three-, five- and 10-year returns. VTMFX is generating income from tax-free munis, and qualified dividends taxed at lower cap gains rates. 2021 is likely to be no exception to this wisdom. This is where Vanguard index funds come into play. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Bogleheads are passive investors who follow Jack Bogle's simple but powerful message to diversify and let compounding grow wealth. If so, you came to the right place. While investors should at least be prepared for higher volatility from the fund going forward, return expectations should also be moderated. "Vanguard Equity Income Fund Investor Shares(VEIPX): Price & Performance. (% vs 0.04%). (6.79% vs 11%). You can also choose highly liquid assets like savings accounts and certificates of deposit. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. "How Tax-Efficient Is Your Mutual Fund? You are currently viewing our boards as a guest so you have limited access to our community. The roles of some funds in my portfolio are to manage risk or inflation including Fidelity Strategic Real Return (FSRRX), Columbia Thermostat (COTZX), Columbia Adaptive Risk Allocation (CRAZX), T Rowe Price Multi-Strategy Total Return (TMSRX), and Absolute Strategies Conv Arbitrage (ARBIX). A positive outlook for economic growth, coupled with historically low interest rates, bodes well for the real estate sector in 2021. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. The Star fund just looks like a better balanced fund to me, but is it more volatile too? Like index funds, they have very low turnover ratios. "Vanguard Wellington Fund Investor Shares (VWELX): Price & Performance. Then the next day and log in and go to My Accounts/Cost Basis/Realized gains & losses and take note of what your YTD net losses for your taxable accounts are. Long-term investors who embrace charitable giving can easily save on capital gains taxes by donating shares when its time to get their portfolio back in balance. comparison details. You'll like VTEAX if you're looking for a bond index fund that provides broad diversification and tax efficiency. New York, ", Investor.gov. Scan this QR code to download the app now. What is "Vanguard Wellesley Income Fund Investor Shares(VWINX): Overview. As of this writing, Kent Thune did not hold a position in any of the aforementioned securities, although his firm holds VWINX in client accounts. Archived post. Learn how it impacts everything we do. VOO Vs VFIAX: Which Is Better For Long-Term Investors (VFIAX) Balanced: Allocation--50% to 70% Equity, U.S. between VBIAX and VWINX. I now have my afternoon reading, learning about total international bond funds, etc. VBIAX minimum initial As someone nearing retirement, I have been reducing the number of funds that I own, consolidating accounts, and evaluating the tax efficiency strategies described in this article. This is compared to the performance of the underlying indexes, the S&P 500 and the Russell 1000 Value Index, which returned 15.65% and 11.67% after one year and 14.64% and 11.70% after 10 years, respectively. In short, VBTLX should be a decent store of safety and provide modest performance in the fixed-income space. Taxes are applied at the highest applicable rate. VBIAX? an ETF. It's passively managed. Of course, these are just educated estimates and no one, not even Vanguard, expects to hit their 10-year estimates on the nose. In an uncertain market, the best consumer staples stocks provide consistency and stability to portfolios. Any sources of income (Social Security, other investments, any part-time or freelance work), What you want to achieve, whether that's long-term growth or current income. VTI profile: 10-year return: 7.76%. Although youll need to come up with $10,000 for the minimum initial purchase, the Vanguard Tax-Managed fund can be used as a standalone investment or as a solid core holding in a diversified portfolio. A good article about tax efficiency of investments and asset location strategies is Tax-Efficient Fund Placement by Bogleheads. Manufacturing accounts for 18.3% of the region's value added and provides employment for . Over the past 12 months, however, the fund's standard deviation has already been showing signs of reverting to the mean as macro factors like the U.S.-China trade war and the level of U.S. interest rates have led to increased market volatility. ", Dodge & Cox Funds. When will consumer activity return to 2019 levels? Someone retiring before age 72, may have lower income between retirement and age 72, and higher taxes after age 72. Pick any two stocks and find out how much money each would've made you had you purchased them at the same time. The idea is to crystalize all the losses and then sell off any gainers that are not things you want to keep long run and let the losses offset the gains. If you have an ad-blocker enabled you may be blocked from proceeding. The reason is that more risky assets will tend to have higher returns over the long run and can grow tax-free in a Roth, while returns will be lower on bonds and taxes will have to be paid on Traditional 401k's and IRA's. Great in times like this. The index returned 2.11% and 6.38% during those same periods. The information provided is for educational purposes and should not be considered as advice. Thats exciting. comparison details. I am an engineer with an MBA nearing retirement and not an economist nor an investment professional. But it should have an easier path in 2021. VBIAX vs VTI Index funds are often more tax-efficient than actively managed funds. It has a higher expense ratio but has outperformed it's benchmark, VBIAX, and the S&P 500 for the last 10 years. In summary, corporate taxes are likely to rise, as well as taxes on high income individuals. If youre looking for the best of conservative Vanguard funds for your taxable brokerage account, Vanguard Tax-Managed (MUTF:VTMFX) is your fund. 209K subscribers in the Bogleheads community. Scan this QR code to download the app now. How to Convert From a Traditional IRA to a Roth IRA by William Perez lists some of the criteria for this to be effective. ", Morningstar. How we use your information depends on the product and service that you use and your relationship with us. ", Vanguard. After all, the higher volatility and lower returns in U.S. equities and bonds aren't a unique headwind for this fund compared with its peers, which also invest in the same asset classes. That same couple falls into the 15% capital gains rate. One known factor affecting the markets in 2021 is the commitment by the Federal Reserve to maintain its low-interest-rate policy through 2023. It also earns a Gold rating and has a similar risk profile to Vanguard Balanced Index. Vanguard 500 Index Admiral (VFIAX (opens in new tab), $354.73) should be one of the best Vanguard index funds for 2021, 2022 and every year after for the plainest of reasons: It's cheap. Funds with the highest yield are often less diversified and (have) higher risk than funds with a more average yield. To be fair, seven of the 153 funds in the allocation--50% to 70% equity Morningstar Category had as good or slightly better risk-adjusted returns over the decade, so there was some room for improvement, but it has still been a fantastic time for simplicity.
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