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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Home » Mathematics » 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.