Our guests this week are Michael Reckmeyer and Matthew Hand. Mike and Matt are managing directors at Wellington Management, where they oversee a number of prominent values investing mandates, including the stock sleeve of Vanguard Wellesley Income Fund, as well as Wellington's portion of Vanguard Equity Income Fund, among other duties. Mike's investing career began in 1984 at the State of Michigan Pension Fund, followed by eight years at Kemper Financial Services, after which he joined Wellington in 1994. He received both his bachelor's degree and MBA from the University of Wisconsin-Madison and is a CFA charterholder. Matt joined Wellington in 2004 after graduating from the University of Pennsylvania. Like Mike, Matt is also a CFA charterholder.

Background

Michael Reckmeyer bio

Matthew Hand bio

Wellington Management

“Four Fantastic Income Funds,” by Russell Kinnel and Christine Benz, Morningstar.com, Aug. 11, 2020

Funds Mentioned

Vanguard Wellington

Vanguard Wellesley Income

Vanguard Equity Income

Hartford Equity Income

Other References

Jack Bogle bio

“Gus Sauter: Efficient Markets Are a Good Thing,” The Long View Podcast with Christine Benz and Jeffrey Ptak, Morningstar.com, Dec. 4, 2019.

“The Wildly Popular Trades Behind the Market’s Swoon and Surge,” by Gregory Zuckerman and Gunjan Banerji, wsj.com, Sept. 13, 2020

Securities Mentioned in the Podcast

ADP https://www.morningstar.com/stocks/xnas/adp/quote

Archer-Daniels-Midland https://www.morningstar.com/stocks/xetr/adm/quote

Cisco https://www.morningstar.com/stocks/xnas/csco/quote

Comcast https://www.morningstar.com/stocks/xnas/cmcsa/quote

Crown Castle International https://www.morningstar.com/stocks/xnys/cci/quote

Dominion Energy https://www.morningstar.com/stocks/xnys/d/quote

Intel https://www.morningstar.com/stocks/xnas/intc/quote

Lockheed Martin https://www.morningstar.com/stocks/xnys/lmt/quote

Medtronic https://www.morningstar.com/stocks/xnys/mdt/quote

Philip Morris https://www.morningstar.com/stocks/xnys/pm/quote

Progressive https://www.morningstar.com/stocks/xnys/pgr/quote