BOSTON (TheStreet) -- Fidelity Investments had more top-rated mutual funds among 413 rival firms in Ratings' quarterly review.

The list of A and A-plus funds, which is being published in Ratings' "Summer 2009 Guide to Stock Mutual Funds" by

Grey House Publishing

, includes 20 of Fidelity's 662 rated funds. It's the eighth consecutive "Ultra" Fund Family victory, a competition set up by Ratings, for Boston-based Fidelity.

The runner-up, with nine funds on a list of 200, is

ING Investments

, a unit of

ING Groep

(ING) - Get Report


The top 200 competition is like the Tour de France's "King of the Mountains" race. Ratings also does a more comprehensive review of the 414 fund families, more reminiscent of the Tour's overall "General Classification Yellow Jersey" winner.

For a fund family to bring home the winner's yellow jersey, it needs to place the highest percentage of funds rated in the top 30% of all open-end funds, compared with other fund families of similar size. The top 30% represents overall investment grades of A-plus to B-minus. The middle 40% have fund grades of C-plus, C and C-minus, with D-plus and lower in the bottom 30%.

In the "Ultra" Fund Family competition,

Van Kampen

, a unit of

Morgan Stanley

(MS) - Get Report

, won by having a higher percentage of its portfolio of funds ranked in the top 30%, or "buy" range, than any of the other fund families with 100 or more rated funds. Van Kampen rose from fourth place last quarter to first with 44.7% of its 159 rated funds in the top category.

Putnam Funds

, a unit of

Great-West Lifeco


, slipped to second place with 40.8% of its 480 funds ranked in the top 30%. Up four spots from last quarter,

T. Rowe Price

(TROW) - Get Report

ranked third with 40.3% of offerings rated in the "buy" range of B-minus or better.

Thirty fund families have 40 to 99 rated funds. The

Royce Funds

, a unit of

Legg Mason

(LM) - Get Report

, sprinted ahead to take first place among this group, climbing from 30th place out of 34 similarly sized fund companies last quarter.

Pacific Life Funds

, with 55 rated funds, rose one spot to second place with 38.2% of its funds ranked in the top 30%.

Ridgeworth Funds

took third place with 34.5% of its 55 funds being top ranked.

First Eagle

retains its spot as the "Ultra" Fund Family winner within the group of 67 fund companies with 10 to 39 rated funds. Fourteen of First Eagle's 15 rated funds ranked in the top 30%.

Henderson Global Funds

, a unit of



, took second place, and

Thornburg Funds

placed third with 75% and 66.7% of their funds top ranked.

Of the 280 fund families with fewer than 10 rated open-end stock mutual funds,

Parnassus Investments

again kept all five of its funds on top, winning the group category.

AARP Investments

, a unit of

Zurich Financial Services


, and


, both with three out of three "buy" rated funds, win honorable mention.

Kevin Baker became the senior financial analyst for TSC 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.