Vanguard deep-sixes the subadvisor, which had managed about 4% of Vanguard Windsor II's assets, and increases subadvisor Hotchkis & Wiley's sleeve of the fund.
UPDATE: How do you know if your fund manager has 'lost it'?
A couple mulls lifestyle changes while also keeping an eye on a portfolio's future growth.
Some readers employ performance-based rules, while others focus on fund and portfolio fundamentals.
We put to the test the most asset-heavy actively managed large-cap funds and found a few surprises.
Although some Vanguard funds underperformed their peers during the market rally, the firm had more portfolios in the top quartile of their categories than in the bottom quartile.
Below-average returns don't shake Morningstar analysts' confidence in some funds, while recent outperformance doesn't grant higher ratings to others.
Dale Harvey left the burdens of managing $20 billion for Capital Group to form his own boutique inspired by Thomas Jefferson.