NEW YORK ( TheStreet) -- Janet Yellen, who was nominated to head the Federal Reserve, appears to be a shrewd mutual-fund investor. According to government disclosure documents filed in 2011, Yellen has up to $10.5 million in low-cost funds from Vanguard and Fidelity.The document doesn't provide the exact amount in each fund. Instead, the disclosure lists a range. The portfolio has $250,001 to $500,000 in Vanguard Extended Market Index (VEXAX), a low-cost index fund that tracks mid-cap and small stocks. That choice should not be surprising. Yellen was a long-time professor of economics at Harvard and University of California at Berkeley, and many of her colleagues have argued for the use of index funds. But Yellen also holds some solid actively managed funds, including Fidelity Diversified International Fund (FDIVX) and Fidelity Investment Grade Bond (FBNDX).
Yellen's a Shrewd Mutual Fund Investor
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