School’s out and report cards are in. If you own the Vanguard Wellington or Wellesley fund, you’ve done just fine. Through Thursday of last week, Wellington was up 4.5% YTD, and Wellesley was up 4.1% YTD. Not that past performance is any indicator of future performance, but if you annualize Wellington and Wellesley you’re looking at roughly 9% and 8% at year-end. That’s a report card any parent would be proud of.
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