The situation with

Fannie Mae

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and

Freddie Mac

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remains fluid as the winners and losers in this

Treasury bailout

are determined.

TheStreet Recommends

Regardless of whether investors see this as an opportunity to buy or sell Fannie or Freddie, we wanted to take a look at which mutual funds have the largest exposures to the companies.

The funds are sorted by largest percentage of total assets invested in either of the government-sponsored entities.

Sam Patel, CFA, is the manager of mutual fund research for the TheStreet.com Ratings.

In keeping with TSC's Investment Policy, employees of TheStreet.com Ratings with access to pre-publication ratings data must pre-clear any potential trade through the legal department, and are prohibited from trading any security that is the subject of an unpublished rating revision until the second business day after the rating is published.

While Patel cannot provide investment advice or recommendations, he appreciates your feedback;

click here

to send him an email.