TheStreet.com Ratings

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TheStreet.com Ratings Research Methodology for Funds

TheStreet.com Ratings Investment Ratings for Funds condense the available fund performance & 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.

DISCLAIMER: The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but TheStreet.com Ratings, Inc. can not guarantee its accuracy and completeness, and that of the opinions based thereon. Data is provided via The Thomson Corporation, the COMPUSTAT® Xpressfeed product from Standard & Poor’s, a division of The McGraw-Hill Companies, Inc., as well as other third-party data providers.

TheStreet.com Ratings, Inc. is a wholly owned subsidiary of TheStreet.com, Inc. which is a publisher and has registered as an investment adviser with the U.S. Securities and Exchange Commission. Reports contain opinions and are provided for informational purposes only. You should not rely solely upon the research herein for purposes of selecting mutual funds, ETFs or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional, before you make any investment.

None of the information contained in our reports constitute, or is intended to constitute, a recommendation by TheStreet.com Ratings, Inc. of any particular security or trading strategy or a determination by TheStreet.com Ratings, Inc. that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.

What Our Ratings Mean

A
(Buy)
Excellent. The fund has an excellent track record of maximizing performance while minimizing risk, thus delivering the best possible combination of total return on investment and reduced volatility. It has made the most of the recent economic environment to maximize risk-adjusted returns compared with other funds. While past performance is just an indication — not a guarantee — we believe this fund is among the most likely to deliver superior performance relative to risk in the future.
B
(Buy)
Good. The fund has a good track record of balancing performance with risk. Compared with other funds, it has achieved above-average returns given the level of risk in its underlying investments. While the risk-adjusted performance of any fund is subject to change, we believe that this fund has proven to be a good investment in the recent past.
C
(Hold)
Fair. In the trade-off between performance and risk, the fund has a track record which is about average. It is neither significantly better nor significantly worse than most other funds. With some funds in this category, the total return may be better than average, but this can be misleading since the higher return was achieved with higher than average risk. With other funds, the risk may be lower than average, but the returns are also lower. In short, based on recent history, there is no particular advantage to investing in this fund.
D
(Sell)
Weak. The fund has underperformed the universe of other funds given the level of risk in its underlying investments, resulting in a weak risk-adjusted performance. Thus, its investment strategy and/or management has not been attuned to capitalize on the recent economic environment. While the risk-adjusted performance of any fund is subject to change, we believe that this fund has proven to be a bad investment over the recent past.
E
(Sell)
Very Weak. The fund has significantly underperformed most other funds given the level of risk in its underlying investments, resulting in a very weak risk-adjusted performance. Thus, its investment strategy and/or management has done just the opposite of what was needed to maximize returns in the recent economic environment. While the risk-adjusted performance of any fund is subject to change, we believe this fund has proven to be a very bad investment in the recent past.
+ The plus sign is an indication that the fund is in the top third of its letter grade.
- The minus sign is an indication that the fund is in the bottom third of its letter grade..
U
Unrated. The fund does not have sufficient history to make a reliable assessment of its risk-adjusted performance.