Absolutely.......

Wellesley Fund also has large management ownership.....

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Also of IMPORTANT note, many of the 'index fund' managers at Vanguard have little to NO ownership in the shares of their own iNDex fUnDs....EVEN the 'DFA Index Funds listed', the managers own little to 'nothing' of their own index funds..... Now what message about the validity of indexing do you read in those statistics!

:-)

t