TSC Ratings provides exclusive stock, ETF and mutual fund ratings and commentary based on award-winning, proprietary tools. Its "safety first" approach to investing aims to reduce risk while seeking solid outperformance on a total return basis.The Managers AMG FQ Global Alternatives Fund ( MGAAX) and TIAA-CREF Managed Allocation Fund ( TITRX) are among the most attractive mutual funds to own because their go-anywhere policy gives managers investing flexibility. With an initial rating of A, or "excellent," the Managers AMG FQ Global Alternatives Fund takes both long and short positions in global equities, fixed-income securities and derivative contracts on a country-by-country basis to make money no matter which way the overall market moves. It's the highest-ranked fund, according to TheStreet.com Ratings' newly initiated coverage of 33 open-end mutual funds that accrued a track record of three years of risk and performance data by the end of March. Four of the funds received "buy" ratings.