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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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American Century Value Fund

American Century has focused on the long term since its founding in the 1950s. It has been a good approach, as the firm has withstood the volatile swings of the past few decades.

One of the firm’s top funds is American Century Value (MUTF:TWVLX). Lead portfolio manager Phillip N. Davidson has been with the fund since 1993, and he invests in high-quality companies that have attractive valuations, minimal debt loads and sturdy dividends.

American Century Value’s top holdings are a stable of sturdy multinationals, including Exxon Mobil (NYSE:XOM), General Electric (NYSE:GE), Pfizer (NYSE:PFE) and Chevron (NYSE:CVX).

TWVLX wasn’t as sturdy as JILCX through the 2008 crisis, though it had much better success in the early-aughts downturn. It also has been a little bit better amid the bull market, with a 10%-plus return year-to-date, and it yields about 1.5% in dividends.

American Century Value has no load fee and charges 1.01% in expenses, and is rated 4 stars by Morningstar.

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