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A Newly Rated ETF Ranked at Buy

NEW YORK ( TheStreet Ratings) -- Ratings initiated coverage of 27 exchange-traded funds, or ETFs, that accrued a sufficient track record of risk and performance data by the end of July 2012. Of the 27 newly rated exchange-traded funds, just one starts out at 'Buy' with grades of B- or better on superior first year results.

Nine funds get initial 'Hold' level ratings of C+ to C- by finishing in the middle of the pack. Finally, 17 ETFs begin at 'Sell' with grades of D+ or worse after underperforming alternative ETF investments in the past year on a risk-adjusted return basis.

Here is the one newly rated ETF ranked at 'Buy':


1. Market Vectors CEF Muni Inc ETF

Market Vectors CEF Muni Inc ETF (XMPT) seeks to replicate as closely as possible the price and yield performance of the S-Network Municipal Bond Closed-End Fund Index. The underlying invests in municipal bonds issued by states, local government, or agencies, the income of which is exempt from US Federal income tax.

The fund turned in a stellar first year return earning a Reward grade of "A+". Lower volatility garnered a good Risk grade of "B+" validating the underlying strategy.

Expense Ratio: 1.43%

One Year Total Return: 27.3%

Rated "A+" by TheStreet Ratings:


Here are the nine newly rated ETFs ranked at 'Hold':

9. iShares MSCI ACWI ex US TS Index

iShares MSCI ACWI ex US TS Index (AXTE) seeks investment results that correspond generally to the price and yield performance of the MSCI All Country World ex USA Telecom Services Index. The underlying index is designed to measure the combined equity market performance of the telecom sector of developed and emerging markets countries excluding the US.

Expense Ratio: 0.48%

One Year Total Return: -4.1%

Rated "C-" by TheStreet Ratings:


8. First Trust Small Cap Val AlphaDEX

First Trust Small Cap Val AlphaDEX (FYT) seeks investment results that correspond generally to the price and yield of an equity index called the the Defined Small Cap Value Index. The fund will normally invest at least 90 percent of its net assets in common stocks that comprise the index.

Expense Ratio: 0.70%

One Year Total Return: 11.7%

Rated "C-" by TheStreet Ratings:


7. ProShares Hedge Replication ETF

ProShares Hedge Replication ETF (HDG) seeks investment results, before fees and expenses, that track the performance of the Merrill Lynch Factor Model Exchange Series. The fund invests in a combination of equity securities and derivatives that ProShare Advisors believes should track the performance of the index.
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AXSL $76.95 2.31%
FNK $23.86 0.00%
FYC $26.50 0.00%
SCHZ $52.38 0.00%
XMPT $27.52 0.00%


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