These Funds Survived the Great Depression
Wouldn't it be nice to own a fund that had survived all the way since before the
Things are different this time, of course -- or so they say.
In investing, things are almost always different, which keeps us on our toes and prevents the trend followers from inheriting the universe.
But at the same time, seldom are things overwhelmingly and permanently different from anything that has happened before.The housing industry is teetering on the brink of collapse. Subprime loans are steering the financial industry toward terra incognita. The tightening of credit and
|FUNDS THAT HAVE SEEN IT ALL OVER MORE THAN THREE QUARTERS OF A CENTURY|
|NAME, TICKER & TheStreet.com RATINGS GRADE||INITIAL PUBLIC OFFERING DATE||INVESTMENT OBJECTIVE||12-MO. TOTAL RET'N (%)||5-YR. ANN'L RET'N (%)||10-YR. ANN'L RET'N (%)|
|OPEN-END MUTUAL FUNDS|
|Philadelphia Fund (PHILX) C-||12/31/1923||Growth & Income||-0.58||11.62||5.84|
|MFS Mass Investors Trust A (MITTX) B-||7/15/1924||Growth & Income||3.05||12.29||3.98|
|Putnam Investors Fund A (PINVX) D-||12/1/1925||Growth - Domestic||-14.56||9.84||2.35|
|Pioneer Fund A (PIODX) C-||2/13/1928||Growth & Income||-2.59||12.33||5.96|
|Century Shares Trust Fd (CENSX) D- (1)(3)||3/15/1928||Financial Services||-0.83||10.86||6.34|
|DWS Core Plus Income S (SCSBX) C- (1)(2)||4/24/1928||Gen Bd - Inv Grade||5.12||4.48||4.90|
|DWS Growth & Income S (SCDGX) D- (1)||5/31/1929||Growth & Income||-6.17||10.28||1.56|
|Vanguard Wellington Inv (VWELX) A+ (1)(2)||7/1/1929||Balanced - Domestic||4.54||12.14||7.97|
|CGM Mutual Fund (LOMMX) A- (1)||11/05/1929||Balanced - Domestic||28.46||19.41||7.33|
|AVG. OF ABOVE OPEN-END EQUITY FUNDS||1.42||12.35||5.17|
|General American Investors (GAM) B||1/30/1927||Growth - Domestic||2.02||14.36||12.67|
|Third Canadian General Invst Tr (T.THD) C||2/3/1928||Non-US Equity||-10.34||26.79||10.96|
|Tri-Continental Corporation (TY) C+||1/12/1929||Equity Income||-4.85||11.69||3.86|
|Petroleum and Resources Corp. (PEO) B+||1/30/1929||Energy/Natural Res||18.07||21.61||11.35|
|Adams Express Company (ADX) C+||10/1/1929||Equity Income||1.28||11.51||5.39|
|Central Securities (CET) B+||10/1/1929||Growth - Domestic||1.80||18.16||6.61|
|AVG. OF ABOVE CLOSED-END FUNDS||1.33||17.35||8.47|
|S&P 500 Composite Total Return||-2.31||12.03||5.14|
|Lehman Brothers Aggregate Bond||8.80||4.75||6.01|
|(1) No-load fund.
(2) Closed to new investors.
(3) Institutional fund with minimum initial investment of more than $25,000.
Source: TheStreet.com Ratings -- Data as of 1/31/2007.
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