The smaller 'Ultra' fund family list of groups with 10 to 39 rated funds is led again by Hotchkis & Wiley Funds with 13 of their 17 rated funds in the top 30% of our rankings. The Hotchkis & Wiley Value Opportunities A ( HWAAX) earned an 'Excellent' rating of "B+" for the period ending June 30, 2012. The State Street moved up to second place with 69.2% of their 13 rated funds in the 'buy' range including A rated State Street Equity 500 Index A ( STFAX). California Investment Trust grabbed third place with eight of 12 fund ranked as top rated. This earns an honorable mention with A+ rated funds such as the NASDAQ-100 Index Direct ( NASDX).