This fund certainly didn't get "hammered." In fact, it was up 17 cents when practically the whole stock market was WAAAY DOWN! The fund is performing just like it should. It protects your money more than most funds!
I agree. No sense in hyper-ventilating. The beauty of the fund is that its internal, self-correcting counter balances with a modicum of discretionary power on the part of the fund manager provides flexibility, resiliency and stability. A very good deal in my book.