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Lipper Leader - Under the Lipper Rating System there are those mutual funds that are defined by the term Lipper leaders. Such mutual funds will have received a ranking on that system, which places them in the top 20% of the groups. This is based on certain specific forms of criteria that are understood by those who rely upon the Lipper Rating System. Such things will include items as constant return, tax efficiency, preservation, expenses and also total return. To be a leader the mutual fund will have to be ranked by at least one of those given items, but not all. |