Greetings Hawkwin,Only one no-fee fund beats the AMCAP American Fund over the last 20 years and that is the Fidelty ContraFund (by 1%). I will see what I can find on comparable Vanguard funds, if they have been around that long.Now for the good side question, are the managers the same over those 20 years and will they be the same for the next 20 years that she would be holding the fund? This could be a rather important question when looking at funds: Is the current manager responsible for it and how long will that manager be there? I do realize that American funds use a team management system so that this isn't an easy question but I do think it is worth asking.Regards,JB
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