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.
Some readers employ performance-based rules, while others focus on fund and portfolio fundamentals.
Investors who haven't checked in for a while may find their U.S. stock allocation is oversized compared with their overseas and bond holdings.
If the market stumbles, these funds are well positioned to go shopping.
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.
Here's a look at some of the funds we've rated so far in this category.