When the global equity markets get rocky, this is the fund you’ll want to own. When markets are falling, this concentrated global offering has historically held up better than most. For example, in 2008 when the average fund was down 30%, it was down only 6.7%, and in 2011, the average fund was down 6.7%, yet this fund was higher by 3.2%. The tradeoff, of course, is that you will lag behind in a sharply rising market. But if you’re comfortable with not making as much on the upside to protect capital when things get rough, this is the fund to do that.