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16 March, 02:27

A mutual fund rating agency ranks a fund's performance by using one to five stars. A one-star mutual fund is in the bottom 20% of its investment class; a five-star mutual fund is in the top 20% of its investment class. Interpret the meaning of a four-star mutual fund.

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  1. 16 March, 03:00
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    Each star has a 20% difference.

    A four star rating would be above the bottom 60% (1, 2 and 3 stars) but be below the top 20%. (5 stars).
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