Fidelity & Van Kampen - Ultra Fund Families - TheStreet

Fidelity & Van Kampen - Ultra Fund Families

Both Fidelity and Van Kampen rank as Ultra Fund Families for Spring 2010.
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) --

Fidelity Investments

placed 21 funds on TheStreet Ratings Top 200 Stock Mutual Funds list being distributed in our Spring 2010 Guide to Stock Mutual Funds by

Grey House Publishing


Fidelity is the largest of the fund families with 874 rated funds at the end of the first quarter, up from 820 at year end. This is now Fidelity's eleventh consecutive "Ultra" Fund Family award.

Vanguard with ten funds and

John Hancock

, a unit of

Manulife Financial

(MFC) - Get Report

with 7 funds on our Top 200 list of A and A+ rated funds retained their second and third place positions.

T. Rowe Price

(TROW) - Get Report

moved up to secure fourth place with six funds in the Top 200 list.

To level the playing field between 36 massive, 34 big, 66 medium, and 282 small fund families we review each of the 418 fund families against peers of similar size.

For a fund family to be considered an "Ultra" Fund Family, the fund company needs to have the highest percentage of funds ranked in the top 30% of all open-end funds in comparison to other fund families of similar scale. The top 30% represents overall investment grades of A+ down to B-. The middle 40% are fund grades of C+, C, and C-, with D+ and lower in the bottom 30%.

Van Kampen

, a unit of

Morgan Stanley

(MS) - Get Report

, win its fourth consecutive quarterly "Ultra" fund family title by having a higher percentage of its portfolio of funds ranked in the top 30%, or 'buy' range, than any of the other fund family with 100 or more rated funds. Van Kampen improved to 55.3% from 51.8% the concentration of 'buy' rated funds out of the 170 rated funds managed.

The only other massive family in this group to have more than half its funds in the largest peer-group category is the second place winner, T. Rowe Price, with 50.5% of its 101 rated funds in the top 30%. Third place goes to

Ivy, Waddell & Reed Funds

, a unit of

Waddell & Reed Financial

(WDR) - Get Report

with 48.2% of its 141 rated funds in the top 30%.

Among the 34 big fund families with 40 to 99 rated funds rated funds,

Royce Funds

, a unit of

Legg Mason

(LM) - Get Report

, returned to first place with 46.9% of the firm's 64 'buy'-ranked funds as T. Rowe Price returned to its usual peer group of families with 100 or more rated funds.

RidgeWorth Funds

took second place with 42% of its 50 rated funds in the top 30%, an improvement from sixth place last quarter.

First Eagle Fund

retains the "Ultra" fund family crown within the group of 66 medium-sized fund companies with 10 to 39 rated funds by again having 12 out of 15 rated funds ranked in the top 30%.

Oakmark Funds

earned second place in this peer group with 10 of its 13 ranked funds in the top 30%.

The 'Ultra' fund family leading the group of 282 fund families with less than 10 rated open-end stock mutual funds is

Parnassus Investments

with all six of its funds in the top 30%. Tied for second place with four of four top ranked funds

Fiduciary Management Funds


FPA Funds

, and

Westport Funds

earned an honorable mention.

-- 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, 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.