Expense ratio: 0.45%
Vanguard Selected Value is a midsize-company stock fund and a member of the Kiplinger 25. Two sets of advisers run this fund. One team focuses on stocks trading at low price-earnings ratios relative to company growth rates; the other seeks battered stocks that trade at a discount to book value (assets minus liabilities).
See FUND TABLES: Kiplinger 25 at a Glance for the complete list of our favorite no-load mutual funds.
Visit Kiplinger's Model Portfolios for three examples of how you can put Kiplinger 25 funds to work. The portfolios are designed for investors with differing time horizons and levels of risk tolerance. If you find them too aggressive, cut back each basket's allocation to stocks by ten percentage points. If you're investing in a taxable account, replace one or more of the bond funds with Fidelity Intermediate Municipal Income (FLTMX).
And for a collection of all our Kiplinger 25 content, see KIPLINGER 25: A Guide to Our Favorite No-Load Funds.