NEW YORK ( TheStreet Ratings) -- TheStreet Ratings reviews the risk-adjusted performance of around 25,000 funds every month. The best overall-rated mutual funds for 2012 are updated monthly on our Top-Rated Mutual Funds page.
1. No mutual fund ranks higher than the Permanent Portfolio Fund (PRPFX) with an overall rating of "A+", or Excellent. The fund has maintained an A+ rating since December 2007.
The Permanent Portfolio seeks to preserve and increase the purchasing power value of its shares over the long term. The fund invests a fixed target percentage of its net assets in gold, silver, Swiss franc assets, stocks of U.S. and foreign real estate and natural resource companies, aggressive growth stock and dollar assets such as U.S. Treasury securities and short term corporate bonds. The fund may invest in shares of companies of any market capitalization including small or mid-capitalization companies. However, at least 60 percent of its investment in aggressive growth stocks will ordinarily be in securities listed on the New York Stock Exchange.
2. The second best overall rated fund is the Bruce Fund (BRUFX). The fund been ranked at "A+" in 10 of the last 11 months.The Bruce Fund has an investment objective of long term capital appreciation. The fund seeks to achieve the objective by investing primarily in domestic common stocks and bonds. The fund invests in stocks of any capitalization. The fund also invests in foreign securities. This no-load fund has an expense ratio of 0.82%. As of the June 30, 2011 annual report, top stock holdings included Pfizer (PFE - Get Report) and Abbott Laboratories (ABT - Get Report) with corporate convertible bonds of MannKind Corp (MNKD) and Cell Therapeutics (CTIC - Get Report). Rounding out the top 10 best mutual funds for 2012: 3. ING Value Choice A (PAVAX) 4. Nuveen Tradewinds Value Opp A (NVOAX) 5. Tilson Dividend (TILDX) 6. Schwab Tax-Free Bond Fund (SWNTX) 7. Appleseed Fund Investor (APPLX) 8. Vanguard Wellesley Income Inv (VWINX) 9. Matthews Asia Dividend Fund Inv (MAPIX) 10. ING Morgan Stanley Global Franch A (IGFAX)