Fundata Canada Inc. announced 56 companies representing a total of 225 investment funds received the Fundata FundGrade A+ Award for 2014 at an awards ceremony held last night in in Toronto.

Fidelity Investments Canada ULC received 19 awards, the most of any fund company. Manulife Investments and Sun Life Assurance Company of Canada, each received 17 awards.

FundData describes the FundGrade A+ Rating as “a totally objective, transparent, score-based calculation using a grade-point average that ranks funds to determine the annual ‘best-of-the-best’ investment fund ratings.”

The rating is intended to provide investors, advisors, and fund managers with a single, reliable, easy-to-understand fund-performance rating based on up to 10 years of history.

“Achieving a FundGrade A+ Rating denotes inclusion in an exclusive group, because less than 4% of the investment fund products available in Canada have received a FundGrade A+ rating,” said Janny Vincent, President and CEO of Fundata Canada Inc., in news release.

The rating builds on and enhances Fundata’s FundGrade fund rating system. The FundGrade A+ Rating is awarded annually to funds that have achieved consistently high FundGrade scores through an entire calendar year.

For more information and a complete list of the funds receiving the Fundata FundGrade A+ Rating for the calendar year 2014, visit the Fundata FundGrade A+ Awards website.