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... but isn't the Wellington closed ??
Old 04-16-2015, 02:30 PM   #1
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... but isn't the Wellington closed ??

I keep reading of people going for the Vanguard Wellington fund (VWELX) and would like to do so myself. I've already bought into the Wellesley as many here recommend and would like to put about the same amount in the Wellington. But I keep reading that it is closed to new investors.

Is this really the case? And if so, any suggestions for something just as "sure" and easy to deal with? Is there, perhaps, a comparable Vanguard fund?

Thanks again, one and all, for your help and suggestions.

jfb
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Old 04-16-2015, 02:43 PM   #2
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Just invested in Wellington today for the first time. VWENX admiral shares
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Old 04-16-2015, 02:55 PM   #3
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Quote:
Originally Posted by jfb123 View Post
I keep reading of people going for the Vanguard Wellington fund (VWELX) and would like to do so myself. I've already bought into the Wellesley as many here recommend and would like to put about the same amount in the Wellington. But I keep reading that it is closed to new investors.

Is this really the case? And if so, any suggestions for something just as "sure" and easy to deal with? Is there, perhaps, a comparable Vanguard fund?

Thanks again, one and all, for your help and suggestions.

jfb
You might want to consider calling your brokerage company or calling Vanguard (which may already be your brokerage company) and ask them.
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Old 04-16-2015, 03:01 PM   #4
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Closed to financial advisors and institutional investors. Still open to individuals. Wouldn't it make more sense to go directly to Vanguard's website than to ask here and possibly get bad information?
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Old 04-16-2015, 03:02 PM   #5
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Looks like it's only available through Vanguard or existing shareholders. Look at OAKBX, that's a balanced fund I use and it is similar to Wellington. DODBX is another well respected fund, though its long-term performance isn't quite as good. Both are actively managed, with moderate fees. A target date or Vanguard LifeStrategy fund might also be suitable.
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Old 04-16-2015, 03:03 PM   #6
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I think Wellington may be closed to institutional investors and FA's, but not to individual retail investors. A similar balanced fund worth considering is Vanguard Star (VGSTX).
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Old 04-19-2015, 11:28 AM   #7
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Originally Posted by jfb123 View Post
I keep reading of people going for the Vanguard Wellington fund (VWELX) and would like to do so myself. I've already bought into the Wellesley as many here recommend and would like to put about the same amount in the Wellington. But I keep reading that it is closed to new investors....

jfb
What did you find out?
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Old 04-19-2015, 01:37 PM   #8
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What did you find out?
M* lists VWELX as closed to new investors:
Vanguard Wellingtonâ„¢ Inv Purchase Info

It's listed as closed to new investors at Fidelity.

I didn't see anything at Vanguard except the prospectus:

"Important Note Regarding Vanguard Wellington Fund
Vanguard Wellington Fund will be closed to all prospective financial advisory,
institutional, and intermediary clients (other than clients who invest through a
Vanguard brokerage account).
The Fund will remain closed until further notice and there is no specific time
frame for when the Fund will reopen. During the Fund’s closed period, all current
shareholders may continue to purchase, exchange, or redeem shares of the
Fund online, by telephone, or by mail.
The Fund may modify these transaction policies at any time and without prior
notice to shareholders. You may call Vanguard for more detailed information
about the Fund’s transaction policies. Participants in employer-sponsored plans
may call Vanguard Participant Services at 800-523-1188. Investors in
nonretirement accounts and IRAs may call Vanguard’s Investor Information
Department at 800-662-7447."
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Old 04-19-2015, 04:01 PM   #9
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Thanks, Animorph. But, I was wondering if the OP did any further research on Wellington being open to new investors. This Wellington question has come up before. It seems as if it's open to new investors at Vanguard but not to new investors at other brokerages. It's a moot issue for me as I already own it at Vanguard.
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