This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

TheStreet.com Ratings Initiates Coverage of 71 Mutual Funds

TheStreet.com Ratings has initiated coverage of 71 open-end mutual funds that accrued a track record of three years of risk and performance data by the end of August.

Twenty-three of the funds scored a "buy" rating of B- or better, outperforming at least 70% of the open-end stock funds we rate. Four funds received our top rating of A+. Of these, two target mid-cap stocks, one invests in non-US equities, and one focuses on smaller growth stocks.

The A+ rated (FIIMX) Fidelity Advisor Mid Cap II Fund (FIIMX), launched on August 12, 2004, returned an average 20.8% over the last three years. Some notable holdings include Juniper Networks (JNPR), Altera (ALTR) and Ameriprise Financial (AMP).

The second mid-cap fund starting off with an A+ rating is the (CMVRX) Columbia Mid Cap Value Fund (CMVRX). The fund prefers stocks with good long-term growth potential and market capitalizations between $1.4 billion and $13.4 billion. The sector allocation for this fund is 12.5% electric, 10.3% banks, 9.6% insurance, 5.0% manufacturing, 4.6% REITS, and 4.1% electronics with no individual holding making up more than 2% of total investments. Entergy (ETR), PPL (PPL) and American Electric Power (AEP) are among the largest holdings.

Both of the above funds have proven to be strong performers worthy of consideration for investors looking to diversify their portfolio into U.S. mid cap stocks.

If you have enough U.S. exposure and are looking for a top performing non-U.S. equity fund, take a look at the A+ rated (CIERX) Columbia Multi-Advisor International Equity Fund (CIERX). It allocates 18.6% of assets to the U.K., along with 14.1% for France, 11.0% for Switzerland, 10.6% for Japan, and 9.1% for Germany.

Last, the A+ rated (PREOX) Perritt Emerging Opportunities Fund (PREOX) favors U.S. stocks of companies with market capitalizations below $350 million, a high percentage of management ownership, low long-term debt, above average earnings growth and moderate price valuation ratios. As of the end of last year, its top holdings were Mfri (MFRI), KSW (KSW) and Universal Stainless & Alloy Products (USAP).

Research Methodology

TheStreet.com Ratings condenses the available fund performance and risk data into a single composite opinion of each fund's risk-adjusted performance. This allows the unbiased identification of those funds that have historically done well and those that have underperformed the market. While there is no guarantee of future performance, these Investment Ratings provide a solid framework for making informed, timely investment decisions.

The funds listed below have either reached their three year anniversary or are additional share classes of existing funds for which the fund companies have submitted three years of pro-forma results. The 23 funds rated from A+ down to B- are considered "Buy" rated based on a track record of above average risk-adjusted performance.


'Buy' Rated New Coverage of Open-End Mutual Funds as of Aug. 31, 2007
Fund Ticker Initial Rating Inception Date Investment Style
Fidelity Adv Mid Cap II I FIIMX A+ 8/12/2004 Mid Cap
Columbia Mid Cap Value Fd R CMVRX A+ 1/23/2006 Mid Cap
Columbia Multi Adv Intl Eq Fd R CIERX A+ 1/23/2006 Non-US Equity
Perritt Emerging Opportunities Fund PREOX A+ 8/27/2004 Growth - Domestic
American Century Mid Cap Val Inst AVUAX A 8/2/2004 Mid Cap
Fidelity Adv Mid Cap II B FIIBX A 8/12/2004 Mid Cap
Fidelity Adv Mid Cap II C FIICX A 8/12/2004 Mid Cap
Fidelity Adv Mid Cap II T FITIX A 8/12/2004 Mid Cap
Columbia Mid Cap Growth Fund R CMGRX A- 1/23/2006 Mid Cap
Fidelity Adv Mid Cap II A FIIAX A- 8/12/2004 Mid Cap
Pioneer Ibbotson Aggress Alloc Fd Y IBAYX B+ 8/9/2004 Asset Allocation - Domestic
Cambiar Conquistador Fund Inv CAMSX B+ 8/31/2004 Small Cap
Franklin Templeton Persptv Allc Adv No Ticker B+ 8/2/2004 Growth & Income
Franklin Templeton Persptv Allc R No Ticker B 8/2/2004 Growth & Income
Growth & Income ARYRX B 8/31/2004 Asset Allocation - Domestic
American Century LStrong 2025 Inst ARWFX B 8/31/2004 Asset Allocation - Domestic
Pioneer Ibbotson Aggress Alloc Fd A PIAAX B 8/9/2004 Asset Allocation - Domestic
Pioneer Ibbotson Gr Alloc Y IBGYX B 8/9/2004 Asset Allocation - Domestic
Franklin Templeton Persptv Allc C FPCAX B- 8/2/2004 Growth & Income
Columbia Small Cap Value Fund II R CCTRX B- 1/23/2006 Small Cap
American Century LStrong 2025 Inv ARWIX B- 8/31/2004 Asset Allocation - Domestic
American Century LStrong 2025 Adv ARWAX B- 8/31/2004 Asset Allocation - Domestic
Pioneer Ibbotson Aggress Alloc Fd B IALBX B- 8/9/2004 Asset Allocation -- Domestic
Source: TheStreet.com Ratings


44 New 'Hold' Ratings at the C Level as of Aug. 31, 2007
Fund Ticker Initial Rating Inception Date Investment Style
American Century LStrong 2045 Adv AROAX C+ 8/31/2004 Asset Allocation - Domestic
American Century LStrong 2045 Inst AOOIX C+ 8/31/2004 Asset Allocation - Domestic
American Century LStrong 2045 Inv AROIX C+ 8/31/2004 Asset Allocation - Domestic
American Century LStrong 2045 R ARORX C+ 8/31/2004 Asset Allocation - Domestic
American Century LStrong 2035 Inst ARLIX C+ 8/31/2004 Asset Allocation - Domestic
American Century LStrong 2035 Inv ARYIX C+ 8/31/2004 Asset Allocation - Domestic
American Century LStrong 2025 R ARWRX C+ 8/31/2004 Asset Allocation - Domestic
American Century LStrong 2015 Inst ARNIX C+ 8/31/2004 Asset Allocation - Domestic
American Century LStrong 2015 Inv ARFIX C+ 8/31/2004 Asset Allocation - Domestic
Franklin Templeton Persptv Allc A FPAAX C+ 8/2/2004 Growth & Income
Hotchkis and Wiley Core Value I HWCIX C+ 8/30/2004 Growth - Domestic
ING JPMorgan Sm Cap Eq Port A IJSAX C+ 8/12/2004 Small Cap
Pioneer Ibbotson Mod Alloc Fd Y IMOYX C+ 9/23/2005 Asset Allocation - Domestic
Oppenheimer 529 100% Equity 4 No Ticker C+ 8/27/2004 Growth - Domestic
Oppenheimer 529 Moderate Port 4 No Ticker C+ 8/27/2004 Asset Allocation - Domestic
Pioneer Ibbotson Aggress Alloc Fd C IALCX C+ 8/9/2004 Asset Allocation - Domestic
Oppenheimer 529 Bal Port 4 No Ticker C 8/27/2004 Growth & Income
Oppenheimer 529 Moderate Port 2 No Ticker C 8/27/2004 Asset Allocation - Domestic
Oppenheimer 529 Moderate Port 3 No Ticker C 8/27/2004 Asset Allocation - Domestic
Oppenheimer 529 100% Equity 2 No Ticker C 8/27/2004 Growth - Domestic
Oppenheimer 529 100% Equity 3 No Ticker C 8/27/2004 Growth - Domestic
Oppenheimer 529 Agg Port 4 No Ticker C 8/27/2004 Aggressive Growth
Pioneer Ibbotson Gr Alloc A GRAAX C 8/9/2004 Asset Allocation - Domestic
Pioneer Ibbotson Gr Alloc B GRABX C 8/9/2004 Asset Allocation - Domestic
Pioneer Ibbotson Gr Alloc C GRACX C 8/9/2004 Asset Allocation - Domestic
Pioneer Ibbotson Mod Alloc Fd B PIBLX C 8/9/2004 Asset Allocation - Domestic
Pioneer Ibbotson Mod Alloc Fd C PIDCX C 8/9/2004 Asset Allocation - Domestic
Oppenheimer 529 Moderate Port A No Ticker C 8/27/2004 Asset Allocation - Domestic
American Century LStrong 2015 R ARFRX C 8/31/2004 Asset Allocation - Domestic
American Century LStrong 2015 Adv ARFAX C 8/31/2004 Asset Allocation - Domestic
American Century LStrong 2035 Adv ARYAX C 8/31/2004 Asset Allocation - Domestic
American Century LStrong Inc I ATTIX C 8/31/2004 Growth & Income
Oppenheimer 529 Bal Port A No Ticker C- 8/27/2004 Growth & Income
Oppenheimer 529 100% Equity A No Ticker C- 8/27/2004 Growth - Domestic
Oppenheimer 529 Agg Port 2 No Ticker C- 8/27/2004 Aggressive Growth
Oppenheimer 529 Agg Port 3 No Ticker C- 8/27/2004 Aggressive Growth
Oppenheimer 529 Bal Port 2 No Ticker C- 8/27/2004 Growth & Income
Oppenheimer 529 Bal Port 3 No Ticker C- 8/27/2004 Growth & Income
Pioneer Ibbotson Mod Alloc Fd A PIALX C- 8/9/2004 Asset Allocation - Domestic
Hotchkis and Wiley Core Value A HWCAX C- 8/30/2004 Growth - Domestic
Hotchkis and Wiley Core Value C HWCCX C- 8/30/2004 Growth - Domestic
American Century LStrong Inc Adv ARTAX C- 8/31/2004 Growth & Income
American Century LStrong Inc Inv ARTOX C- 8/31/2004 Growth & Income
American Century LStrong Inc R ARSRX C- 8/31/2004 Growth & Income
Source: TheStreet.com Ratings


Four New 'Sell' Ratings at the D and E Levels as of Aug. 31, 2007
Fund Ticker Initial Rating Inception Date Investment Style
Oppenheimer 529 Agg Port A No Ticker D+ 8/27/2004 Aggressive Growth
Oppenheimer 529 Conservative Port A No Ticker D+ 8/27/2004 Asset Allocation - Domestic
ING Large Cap Value Fd I IVLIX D 8/2/2004 Growth - Domestic
ING Financial Services C PBCCX D- 8/24/2004 Sector - Financial Services
Source: TheStreet.com Ratings

Click here for detailed definitions of what each level of our rating scale means.

Kevin Baker became the senior financial analyst for TSC Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering mutual funds. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,055.87 -116.81 -0.68%
S&P 500 1,982.77 -11.52 -0.58%
NASDAQ 4,508.6880 -19.0010 -0.42%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs