TheStreet.com Ratings: The Top 5 'Ultra' Funds

This fund has been managed by David Antonelli since 1997, who was joined by Ted Barksdale and Peter Fruzzetti in 2004. The fund will be closed to certain new investors on Sept. 1. So, you need to act quickly if you want in.

Principal Financial Group (PFG Quote) ranks second on our list with 12 funds.

Of these, the top-rated fund is the (PIIIX Quote)Principal Investors Diversified International Institutional fund (PIIIX), which ranks in the 93rd percentile with a three-year annualized total return of 27.4%. The fund has three portfolio managers: Paul Blankenhagen (since 2003), Juliet Cohn (2004) and Christopher Ibach (2005).

The largest holding, HSBC, represents only 1.3% of assets, with additional large holdings including Toyota Motor (TM Quote), Total SA (TOT Quote), UBS (UBS Quote) and BHP Billiton (BHP Quote). Of the fund's assets, 59.6% are in European stocks, followed by 34% in Japan and the Pacific Rim.

Dreyfus ranks third in our survey and has 11 of the top 200 spots.

All five classes of Dreyfus' Premier Small-Cap funds are closed to new investments, so the top-ranked choice right now is (DIETX Quote)Dreyfus Premier International Equity R fund, which has a three-year total annualized return of 26.8%. The two portfolio managers that have guided the fund over that entire period are Remi Browne and Peter Carpenter.

With 71.6% of assets in European equities and the remainder in the Asian Pacific region, their fund's top holdings include ING Groep N.V., Societe Generale and BP (BP Quote). The fund's largest industry concentration is in banking, at 15.6%, followed by capital goods at 9%, materials at 8.9% and energy at 8.3%.