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what's been holding up: funds that survived the first part of the melt and thrived long-term

At base, who was above zero for the preceding four weeks (before Monday) and made at least 6% annually for the past three years. The bulk of such funds are either muni bonds or intermediate-term bonds.

Among the winners: Permanent Portfolio (PRPFX) and Midas Perpetual Portfolio (MPERX), both up 10-12% annually. Both offer a mix of precious metals, currencies and minimal stocks. Fidelity Strategic Income (FSICX), which has a barbell portfolio of "high quality" Treasuries and junk bonds, is only the only multi-sector bond fund to make the list. A half dozen global bond funds made the list (Dreyfus/Standish, Managers, Northern, Price) as did a handful of emerging markets bond funds (Fido, Payden, Price, TCW).

It's striking that the only equity funds on the list were the two with substantial precious metals buffers.

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