I'm wanting to replicate the Morningstar 9-box style grid of the Vanguard Total Stock Market Index Fund (VTSMX) using a handful of funds in my 401(k). The funds I want to use are:
S&P 500 Index Fund, Expense Ratio 0.005%, use VFIAX as a proxy
Hartford MidCap Fund HLS IA, ER 0.68%, HIMCX
American Cent Small Cap Val Instl CL, ER 1.05%, ACVIX
T. Rowe Price Instl Small-Cap Stock, ER 0.69%, TRSSX
Todays Morningstar snapshot of VTSMX looks like this:
VTSMX - Vanguard Total Stock Market
22 25 26
6 7 6
4 2 2
I've been able to get the following grid with the following allocation to the funds by manually using the Morningstar Instant X-ray over and over (very tedious):
22 25 26
6 7 6
4 3 2
As you can see I've got a match to VTSMX except for the small core percentage (no matter what I try even using 0.1% increments I can't seem to get that dialed in!). Also, I was hoping to match it using only 2-3 funds and to not have to use ACVIX due to the high 1.05% ER.
Anybody out there better at this than me? (I'm sure there is:confused
LOL!? Can you find any simpler and/or cheaper (i.e. lower ER) way to match VTSMX using the funds listed above?
Are there any tools online (besides X-ray) that I could plug my funds into and it would automatically spit out the closest allocation match to VTSMX, without it being such a manual process?
Any help appreciated. Thanks.