244 / 708
2
Wellington managers John Keogh and Michael Reck-
meyer run the bond and stock sleeves, respectively.
The fund costs a mere
0
.
23%
in expenses, meriting a
Gold rating.
Berwyn Income
BERIX
has admirable maximum
drawdown and downside capture statistics, but the
Silver-rated fund still takes on its share of risk. The
fund uses an array of security types to generate income.
It buys dividend-paying stocks, high-yield bonds,
Breaking Down Our New Allocation Categories
Continued From Cover
Name
Ticker
Morningstar
Analyst Rating
Morningstar Category
Downside
Capture
Ratio 10-Yr
Max Drawdown
05/01/06
to 04/30/16
Equity
% (Net)
Non-U.S.
Equity
% (Net)
Bond
% (Net)
Non-U.S.
Bond
% (Net)
Fidelity Strategic Real Return
FSRRX
´
Alloc—15% to 30% Equity
71.98
-31.75
14.88
0.00
30.88
0.74
Vanguard LifeStrategy Income
VASIX
Œ
Alloc—15% to 30% Equity
32.89
-15.50
20.11
8.00
76.69
27.17
Berwyn Income
BERIX
•
Alloc—30% to 50% Equity
41.45
-13.03
22.57
5.98
25.82
1.58
Franklin Income
FKINX
´
Alloc—30% to 50% Equity 122.48
-39.07
54.24
19.53
31.60
4.70
JPMorgan Income Builder
JNBAX
´
Alloc—30% to 50% Equity
36.36
20.63
57.19
11.08
Manning & Napier Pro-Blend Cnsrv Term
EXDAX
´
Alloc—30% to 50% Equity
40.67
-10.39
32.77
3.45
47.37
6.29
Manning & Napier Pro-Blend Mod Term
EXBAX
´
Alloc—30% to 50% Equity
85.34
-26.42
41.18
7.50
43.25
5.37
Permanent Portfolio Permanent
PRPFX
Alloc—30% to 50% Equity
61.20
-19.13
36.25
2.99
28.22
6.13
PIMCO Inflation Response MultiAsst
PIRMX
Alloc—30% to 50% Equity
6.94
1.31
43.62
8.36
T. Rowe Price Personal Strat Inc
PRSIX
•
Alloc—30% to 50% Equity
81.81
-27.29
39.03
14.28
44.94
15.66
Vanguard Tax-Managed Balanced
VTMFX
Alloc—30% to 50% Equity
70.31
-25.17
48.06
0.16
50.88
0.00
Vanguard Wellesley Income
VWINX
Œ
Alloc—30% to 50% Equity
44.65
-18.82
36.72
6.02
59.47
11.39
American Funds American Balanced
ABALX
•
Alloc—50% to 70% Equity 100.74
-36.97
56.24
4.86
33.34
2.58
ASTON/Montag & Caldwell Balanced
MOBAX
Alloc—50% to 70% Equity
75.05
-26.92
57.47
0.00
36.79
0.00
Dodge & Cox Balanced
DODBX
Œ
Alloc—50% to 70% Equity 137.67
-46.46
68.58
6.16
29.64
4.25
Fidelity Balanced
FBALX
´
Alloc—50% to 70% Equity 113.39
-40.46
65.67
4.02
29.17
2.04
Fidelity Puritan
FPURX
´
Alloc—50% to 70% Equity 107.73
-37.90
69.95
5.00
23.66
1.57
FPA Crescent
FPACX
Œ
Alloc—50% to 70% Equity
82.50
-28.84
55.19
7.71
4.54
1.04
Greenspring
GRSPX
Alloc—50% to 70% Equity
83.26
-20.22
66.50
5.30
17.39
0.00
Invesco Equity and Income
ACEIX
´
Alloc—50% to 70% Equity 117.16
-36.48
64.21
7.30
19.95
1.93
Janus Balanced
JABAX
ˇ
Alloc—50% to 70% Equity
85.15
-21.49
58.08
1.13
38.58
1.72
Mairs & Power Balanced
MAPOX
•
Alloc—50% to 70% Equity
93.76
-33.08
65.71
1.36
30.16
1.73
Manning & Napier Pro-Blend Extnd Term
MNBAX
´
Alloc—50% to 70% Equity 113.96
-35.40
54.64
9.97
34.05
5.58
MFS Total Return
MSFRX
´
Alloc—50% to 70% Equity
94.85
-33.42
59.97
6.01
33.44
3.13
Oakmark Equity & Income
OAKBX
•
Alloc—50% to 70% Equity
90.92
-27.22
63.49
5.78
17.03
1.37
Pax Balanced Individual Investor
PAXWX
Alloc—50% to 70% Equity 119.79
-37.80
64.95
8.90
31.29
1.16
T. Rowe Price Balanced
RPBAX
•
Alloc—50% to 70% Equity 112.94
-37.76
64.65
23.26
31.77
4.10
T. Rowe Price Capital Appreciation
PRWCX
Œ
Alloc—50% to 70% Equity 102.31
-36.61
58.89
1.60
18.00
3.43
Vanguard Balanced Index
VBIAX
Œ
Alloc—50% to 70% Equity
91.41
-32.45
58.84
0.34
39.48
3.71
Vanguard STAR
VGSTX
•
Alloc—50% to 70% Equity 108.50
-35.64
60.63
19.97
34.34
3.90
Vanguard Wellington
VWELX
Œ
Alloc—50% to 70% Equity
96.63
-32.53
65.49
7.82
33.01
6.19
Westwood Income Opportunity
WHGIX
Alloc—50% to 70% Equity
52.32
-13.76
52.39
1.47
14.63
0.61
American Funds Income Fund of Amer
AMECX
•
Alloc—70% to 85% Equity 112.83
-41.01
70.12
15.26
22.15
3.11
Fidelity Four-in-One Index
FFNOX
•
Alloc—70% to 85% Equity 147.10
-45.89
84.55
25.06
13.84
1.23
T. Rowe Price Personal Strat Gr
TRSGX
•
Alloc—70% to 85% Equity 153.07
-48.21
78.28
28.65
17.90
5.54
Franklin Mutual Shares
TESIX
´
Alloc—85%+ Equity
151.71
-50.03
89.71
18.64
3.64
0.00
Vanguard Managed Payout
VPGDX
Alloc—85%+ Equity
63.30
29.92
17.30
6.69
Data as of April 30, 2016.