NEW YORK (
) -- The
TCW Conservative Allocation Fund
is the only equity mutual fund of 15 newly rated by
to earn an initial rank of "buy." The fund appreciated 22% in the past year and averaged an annual 2.5% over three years.
The 14 other funds lost money in the three years through November. Four received "hold" ratings, and the remaining 10 are "sell." TCW Group recently was in the headlines for dismissing Chief Investment Officer Jeffrey Gundlach, who took 40 of 65 investment professionals with him to another firm.
As a fund of funds, the TCW Conservative Allocation Fund consolidates the returns of four other TCW funds, with weightings of 47% toward
TCW Core Fixed Income Fund
, 33% in
TCW Large Cap Growth Fund
, 15% toward
TCW Relative Value Large Cap Fund
and 5% in
TCW Money Market Fund
Top large-company holdings include
Philip Morris International
TCW Moderate Allocation Fund
, the second-best rated new fund, with a rank of "hold," diversifies its holdings with the addition of smaller stocks and high-yield bonds. The
TCW Aggressive Allocation Fund
, rated "sell," restricts the fixed-income exposure to 14% and owns international and emerging-market positions.
If there were an award for best ticker symbol,
Leuthold Undervalued & Unloved Fund
would win. This "UGLY" value fund quantitatively screens for out-of-favor, overlooked stocks selling for prices cheaper than their intrinsic value. Positions include
TheStreet.com Ratings condenses available fund performance and risk data into a composite opinion of each fund's risk-adjusted performance. This allows for the unbiased identification of funds that have historically done well and those that have underperformed. While there is no guarantee of future performance, the investment ratings provide a solid framework for making informed, timely investment decisions.
Kevin Baker became the senior financial analyst for TSC Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering mutual funds. 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.