Lipper ratings

A five-tiered, five-category classification system that separates all funds into quintiles. The lowest 20% in a category gets a “1” rating. The next 20% is given a “2” rating. The middle 20% is given a “3” rating, while the next 20% is given a “4” rating. The top 20% is granted the title “Lipper Leader” in the category.