8 Newly Rated Stock Mutual Funds to Buy

NEW YORK (TheStreet Ratings) -- TheStreet.com Ratings initiated coverage of 179 stock mutual funds that accrued a sufficient track record of risk and performance data by the end of December 2011. 28 share classes of eight newly rated mutual funds earned initial grades in the 'buy' range, plus 60 funds at 'hold' and 91 funds at 'sell'.

Of the newly rated funds, only one ranked in the Excellent range of A- or better. Seven started out with grades in the Good range of B- to B+.

Here are the 8 newly rated funds ranked at 'buy':

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8. Allianz Global Investors Solutions 2030 Fund R

Allianz Global Investors Solutions 2030 Fund R (ABLRX) has an investment objective to seek current income and secondarily, capital appreciation. The fund seeks to achieve the investment objective by investing, under normal circumstances, primarily in underlying funds. The fund may invest a portion of its assets in affiliated or unaffiliated exchange traded funds. Five other share classes of this fund including Adm, C, D, I, and P also began coverage at B-.

Expense Ratio: 1.62%

Three Year Total Return: 12.9%

Rated "B-" by TheStreet Ratings:

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7. Delaware Focus Global Growth Inst

Delaware Focus Global Growth Inst(DGGIX) seeks long term capital appreciation by investing primarily in common stocks of U.S. and non U.S. companies, which may include companies located, or operating in developed or emerging markets. The fund will invest in equity securities of issuers located throughout the world, including the United States, with at least 40 percent of its net assets in non U.S. securities. It will invest mainly in common stocks of companies in countries with developed economies. More than 25 percent of its total assets may be invested in the securities of issuers located in the same country.

Expense Ratio: 1.74%

Three Year Total Return: 22.0%

Rated "B-" by TheStreet Ratings:

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6. Allianz Global Investors Solutions 2015 Fund R

Allianz Global Investors Solutions 2015 Fund R (AZGRX) has an investment objective to seek current income and secondarily, capital appreciation. The fund seeks to achieve the investment objective by investing, under normal circumstances, primarily in underlying funds. The fund may invest a portion of its assets in affiliated or unaffiliated exchange traded funds. Five other share classes of this fund including Adm, C, D, I, and P also began coverage at B.

Expense Ratio: 1.46%

Three Year Total Return: 11.2%

Rated "B" by TheStreet Ratings: