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) - Get Report

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) - Get Report

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:

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5. HighMark Geneva Mid Cap Growth Fund

HighMark Geneva Mid Cap Growth Fund

(PNMFX)

seeks long term capital appreciation. The fund pursues its goal by investing in publicly traded common stocks. The fund investment focus is on U.S. companies whose market values are within the market capitalization range of approximately $1 billion to $10 billion at time of purchase although the fund may invest in companies outside this range.

Expense Ratio:

1.29%

Three Year Total Return:

21.8%

Rated "B" by TheStreet Ratings:

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4. HighMark NYSE Arca Tech 100 Index Fund

HighMark NYSE Arca Tech 100 Index Fund

(PTSFX)

seeks to obtain a total return that replicates the total return of the NYSE Arca Technology 100 Index.

Expense Ratio:

1.02%

Three Year Total Return:

20.7%

Rated "B" by TheStreet Ratings:

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3. Allianz Global Investors Solutions 2020 Fund R

Allianz Global Investors Solutions 2020 Fund R

(AGLRX) - Get Report

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, D, I, and P also began coverage at B. The C class shares started off at B- having a slightly higher expense ratio of 1.99 eroding the performance.

Expense Ratio:

1.49%

Three Year Total Return:

11.4%

Rated "B" by TheStreet Ratings:

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2. Allianz Global Investors Solutions Retirement Income Fund R

Allianz Global Investors Solutions Retirement Income Fund R

(ASRRX) - Get Report

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 began coverage at B.

Expense Ratio:

1.43%

Three Year Total Return:

10.9%

Rated "B+" by TheStreet Ratings:

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1. Old Mutual TS&W Mid-Cap Value Z

Old Mutual TS&W Mid-Cap Value Z

(OTMZX)

seeks to provide investors with long-term capital growth. To pursue this goal, the fund normally invests at least 80 percent of its net assets (plus any borrowings for investment purposes) in equity securities of mid-cap companies with value characteristics.

Expense Ratio:

1.38%

Three Year Total Return:

13.9%

Rated "A-" by TheStreet Ratings:

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Research Methodology

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. In order to qualify for a rating, an open-end fund must either have three years of risk and return data or be an additional share class of an existing fund with at least three years of performance statistics.

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.

Kevin Baker became the senior financial analyst for TheStreet Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering equity and mutual fund ratings. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.