|Last Price$32.53||Day Change (%)-0.12%|
|Open Price$32.53||Day Change ($)-0.04|
|Day Range32.53–32.53||52-Week Range31.00–35.07|
As of Sat 02/27/2015 | USD
Partially closed Oakmark Global Fund has a higher-quality tilt and an impressive risk-adjusted long-term track record.
The continuing U.S. stock market rally has diminished the number and similarity of purchases across these top managers.
Top managers continue to focus on higher-quality dividend-paying stocks in a fully valued market.
A group of top managers remains cautious and commits more capital to traditional defensive sectors, while taking advantage of a rising (and potentially overvalued) market to book some gains.
Boring investments tend to keep people in their seats, which leads to better outcomes, says Morningstar's director of personal finance.
Beware the dangers of complacency, remember the virtues of defensive holdings, and resist the temptation to overreach for yield, says Morningstar's Christine Benz.
Top managers continue to exercise a lot of patience as they look for buying opportunities in a U.S. equity market that has risen close to 40% since the start of 2013.
Morningstar readers name their favorite core bond funds, TIPS, and allocation vehicles for the middle portion of their portfolios.