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Fund Spy

How One Fund Played Defense After the Downgrade

Appleseed managers share their picks and advice for investors.

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When the stock market goes off the rails, you may wonder what's going on at fund companies. I checked in with a couple of managers to see how they were reacting and also to hear what advice they have for worried investors.

Today, I'll share my discussion with  Appleseed (APPLX) managers Joshua Strauss, Billy Pekin, and Adam Strauss. They run socially responsible rising-star Appleseed, which was down just 8 basis points year to date after last Thursday's sell-off, but that leaves them well ahead of their peers. Over the trailing three-years, they've produced an annualized 11% return that is tops in their category.

Q. The markets went haywire after the downgrade. What did you do during that week of wild swings? Were you buying bargains or waiting for the dust to settle?

Russel Kinnel does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.