Rebalancing 457 Account

El Greco is my 457 account with a decent balance of about 12 Units now. I have decided to keep this account as my test bed for active investing - I keep actively managed mutual funds here. However, my current asset allocation in this account has some pretty significant problems:

• I have both EFA and the Euro Pacific Growth Fund - they essentially replicate each other. Keeping with the account's focus on actively managed MFs - I will get rid of EFA from here.
• I have reduced my Bonds allocation too low in here. I am coming around to a 70-30 Stock-Bond split as a minimum. So I will increase allocation for the bond fund here.

With the above in mind, I expect the following asset allocation in this account when I rebalance at the start of May:

Fidelity Contrafund                       25%  ER 0.74%

Vanguard Wellington                       25%  ER 0.17%

American EuroPacific Growth               25%  ER 0.50%

Vanguard Long Term Investment Grade Bonds 25%  ER 0.12%

Some thoughts on above:

• Since Wellington is a balanced fund with some 33% bond allocation - the portfolio above is about 25 + (0.33 * 25) = 33% bonds. This is fine with my 70-30 asset allocation.
• I am not happy with 0.74% ER for Contrafund. I am going to watch its performance closely to see if its worth its expense.
• Pleasantly surprised with the low ER for Wellington. Vanguard is earning my trust.
• The range of investment choices in this account is really poor - I really need a decent Emerging Markets choice here. Well - I will have to make that deficit up in a different account.

Today's art is the Duomo di Milano - or the Milan Cathedral. I might get an opportunity to visit Milan later this year and see this in person.