Vanguard Wellington (VWELX) remains a classic example of a how well a time-tested strategy can work.
Edward Bousa and John Keogh are at the helm of Wellington, which dates back to 1929. The $75 billion mutual fund is huge in size, and as a result, Vanguard has restricted new accounts from institutional clients. New retail accounts, however, can be opened directly with Vanguard.
During the past 10 years, the fund is up 8.3% annually, good enough to rank in the top 4% of its Morningstar category. The mutual fund currently has about 66% of its holdings in the stock market, with about 32% in bonds. Current top holdings include Wells Fargo (WFC), Exxon Mobil (XOM), JPMorgan Chase (JPM), Merck & Co. (MRK) and Microsoft.
Vanguard charges a miniscule 0.25% in expenses for VWELX.