Share your insights or perspective on the financial matter presented in the input.

Do mutual fund companies deliberately “censor” their portfolios/funds?
If I invest in individual stocks I will, from time to time, sell stocks that aren't performing well. If the value of my portfolio has gone up by 10%, then the value of my portfolio has gone up by 10%, regardless of whether selling those stocks is labeled as "delete[ing] failures". Same thing for mutual funds: selling underperforming stocks is perfectly ordinary, and calling it "delete[ing] failures" in order to imply some sort of dishonesty is simply dishonest.