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5 Mutual Funds to Get Defensive With

Where to put your money if you're convinced the bear is coming

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JHancock2 Lifestyle Conservative 1 Fund

As its name implies, the JHancock2 Lifestyle Conservative 1 (MUTF:JILCX) fund likes to play things safe.

The fund allocates money across a multitude of JHancock2 funds that cover areas like blue-chip stocks, covered-call writing, long-short currency strategies, real estate and high-quality bonds.

During tough times, JHancock2 has been able to minimize losses. For example, during the 2007-09 bear market, JILCX lost just 29%, compared to the 54% losses sustained by the S&P 500. Returns are a bit more muted than the market in good times — Conservative 1 is up about 7.6% this year, against 12% for the S&P — but it does yield a hefty 3.88%.

JILCX is a no-load fund and charges a modest 0.82% in expenses, and it has earned Morningstar’s top rating of 5 stars.

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