I just wanted to thank everyone for the discussion. It's been helpful as we assess these funds for inclusion in our portfolio. I especially appreciate the effort to compare the returns of the suggested portfolios with Wellesley/Wellington -- very helpful! Thanks!
Now, I just have to decide which one -- Wellesley or Wellington. Since we won't be all-in in either, it probably is less of a concern so long as our AA balances out at the 80/20 we're going for.
"You'd be surprised at how much it costs to look this cheap." -- Dolly Parton