The only other fund starting out in the 'buy' range, Forward Credit Analysis Long/Sh Inv (FLSRX), also hedges its long positions with bets against companies. 13 funds begin their rating history at 'hold' and 12 have an initial ranking in the 'sell' range.
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 reached their three year anniversary.
Funds rated A or B are considered "Buy" rated based on a track record of higher than average risk-adjusted performance. Funds at the C level are rated as "Hold," while underperformers at the D and E levels our model ranks as "Sell."-- Reported by Kevin Baker in Jupiter, Fla.
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