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The Four Passive Funds in My Portfolio

What I own and why.

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I’ve long argued that most investors should own actively and passively managed funds. Both have merits, and you can apply many of the same criteria in choosing them. Either way, you want low costs, a good strategy, and good stewardship.

So, it probably won’t surprise you that I own four passively managed funds. They help to lower the costs of my portfolio overall, provide diversification, and serve as low-maintenance vehicles that I don’t have to worry over. My passive funds were the best available at the time, though there are some very good substitutes available now. I bought the Vanguard fund in 2006, two from Fidelity in 2009, and the DFA fund in 2014 when it was added to Morningstar's 401(k). 

Russel Kinnel has a position in the following securities mentioned above: DFISX, VTCLX. Find out about Morningstar’s editorial policies.

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