Puritan FPURX

[chang]

Puritan is actually my oldest holding (1991). For some reason, it gets no attention whatsoever. Whereas Wellington is almost a household word, Puritan gets no interest at all. But since its 1953 inception, Puritan has ground Wellington into the dust. See below.



I haven't owned any allocation funds in a long time, preferring to pick stock and bond funds separately. But I'm wondering if I should add some money to Puritan. Unfortunately, my current holding is in taxable, which is, well, unfortunate. Last year it paid a dividend that kicked my ass. I have been slowly improving tax efficiency by holding (mostly) individual stocks and ETFs in my taxable account. So any more Puritan will have to find a place in my IRA.

Anyone else own it?

[ignatz]

Don't own it, but have considered it.

I assume your chart it accurate. Re Wellington, the chart is a bit deceptive as the FPURX advantage is less pronounced in the last 25 years.

Some comparisons for you to gnaw on. Vanguard 70/30 is 70 total US stocks/30 total bond; not an actual fund.

1996-2021 CAGR:

SP; 10.23
PRWCX; 11.41
Fidelity Balanced; 9.65
Wellington; 9.38
Puritan; 8.98
Vanguard 70/30; 8.95

2008-2021 CAGR:

SP; 11.04
PRWCX; 10.71
Vanguard 70/30; 9.23
Fidelity Balanced; 8.92
Puritan; 8.91
Wellington; 8.69



2017-2021 CAGR:

SP; 18.48
PRWCX; 15.17
Fidelity Balanced; 15.03
Puritan; 14.62
Vanguard 70/30; 13.73
Wellington; 12.31

[FD1000]

Puritan FPURX is a good fund. I was never impressed by Wellington, only Wellesley. The Wellington funds at Vanguard are just great funds at a very low ER, great conservative team with consistency. When you buy most others, you don't have this. So, for buy and hold for at least 15-20 years and simplicity, I believe only in index funds and Vanguard Wellington funds and what my wife will do, see (link).

FBALX(Fidelity Balanced) and PRWCX beat FPURX for 1-3-5-15-20 years.  PRWCX is by far the best allocation fund.

For 20 years total performance is....PRWCX 630%...FBALX 466%...FPURX 396%....VWENX 424%(beat FPURX) 

For one year...............................PRWCX -1.1%...FBALX -6.7%...FPURX -7.1%...VWENX -5.5%

[yogibearbull]

FPURX started out with value stock orientation but changed to growth stock orientation LONG time ago.

VWELX stuck with value orientation until the LAST manager change and then changed to blend (and that proved untimely).

Very long time performance of VWELX is affected but its very BAD run from 1965-80 that has been mentioned by many including Bogle himself.

Both are SOLID moderate allocation funds.

PRWCX is closed for most investors. It is also a capital appreciation fund, not really a moderate-allocation (although it acts like one most of the time and is categorized as such by M*, etc).