This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Funds That Have Survived a Depression

If the economy falls into a depression -- as a growing chorus of pessimists have been predicting -- only nine open-end mutual funds and six closed-end funds can claim experience in surviving such a catastrophe. last February identified some funds that had checked into the world in the 1920s just in time to live through the economic misery of the Great Depression of the 1930s.

Fund names, management companies and investment philosophies have changed for most of the funds summarized in the adjoining table, but they can all claim birth in the 1920s.

The depression-surviving funds are still chugging along. Their major investments don't seem indicative of investment organizations that have been scared by doomsayers into storing cash and valuables in subterranean vaults.

Six of the eight open-end stock and balanced funds ( DWS Core Plus Income (SCSBX) is classified as an investment-grade general bond fund) in the table outperformed the S&P 500 total return index last year.

The Philadelphia Fund (PHILX), which celebrated its 85th birthday a few weeks ago, doesn't seem to have been driven to the mattresses by the depression talk. Its top holdings tend to be solid firms, many of which dominate their markets. They include Procter & Gamble (PG), Coca-Cola (KO), Wal-Mart (WMT) and Kellogg (K).

Similarly, the soon-to-be-octogenarian Vanguard Wellington (VWELX) has cast its lot with blue chips such as AT&T (T), Chevron (CVX), General Electric (GE) and International Business Machines (IBM). VWELX, born July 1, 1929, leads the open-end funds in the table with an annualized total return of 4.49% over the past 10 years. Although the fund surrendered 22.30% in 2008, it led the group for the year and beat the S&P, which tumbled 37% during the year.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CET $19.40 -1.10%
TY $20.25 -0.59%
AAPL $95.18 1.64%
FB $117.44 -0.95%
GOOG $692.33 -0.84%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs