Having invested in the markets for a number of years, what has happened to XLACX is to be expected, it could be a lot worse, the smart investors are buying, while the whiners are bailing out, things will work out in this fund in due time, the return is still excellent compared to most, the only negative to this fund is that they will only let you redeem quarterly, this I feel should be changed, and challenged by all of those who hold this fund. In a volatile
market, people panic, remember, the rich never got that way
by selling low and buying high.