Some fund families placed a higher percentage of their funds in the top 30% of TheStreet Ratings' rankings than their peers. These are considered to be 'Ultra' fund families for the first quarter of 2012.
Of the fund families with less than 10 rated funds, the 'Ultra' fund family winner is Baird Funds with all four of their funds ranked at 'buy' including the A+ rated Baird MidCap Inv ( BMDSX). No less impressive, Olstein Funds tied for first place with all four of their rated funds on top including the A+ rated Olstein All Cap Value Adv ( OFAFX). Two fund families tied for second place with all three of their funds ranked in the top 30%. Ariel Focus Investor ( ARFFX) is the highest rated fund from Ariel Funds at B+. Lateef I ( LIMIX) is the highest rated fund from Lateef Funds at A+.
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. Some related fund families of the same parent company have been grouped together. 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.