About Lipper Ratings

Learn from independent ratings

Lipper Inc. has earned an excellent reputation in the mutual fund industry as an independent-analysis company that provides peer-based mutual fund comparisons in the form of relative rankings. Lipper provides relative rankings of mutual funds. It ranks mutual funds according to a peer-based performance system, which measures returns according to specific time frames and fund classifications (small, mid, multi and large-cap).

Rankings by peer group

Mutual fund returns are assigned a rank that places each fund within a group — the lower the number rank, the better the fund performed compared to other funds in the classification group. For example, a rank of 24 indicates that the fund has the 24th best rate of return in its category. In effect, Lipper ranking reflects how well the fund performed compared to its peers for a given time period.

Rankings by percentile measures

Because the number of mutual funds in a classification group can vary widely, Lipper also calculates a percentile measure for each fund, as seen in the following example.

The percentile measures show that Fund A performed better than 58% of its peer group for the time period.

Although Lipper, Inc., rankings are highly regarded in the mutual fund industry as a historical indicator of relative performance, they should not be used as the sole factor of whether or not to purchase any particular fund. Past performance is no guarantee of future results.

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View Lipper ratings for current Evergreen Investments funds. Explore other Investing Essentials topics through the menu to the left. Access extensive reference materials through the Literature Library. Or contact a financial advisor for advice on the right investment strategy for your specific goals.

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Past performance does not guarantee future results. The performance quoted represents past performance and current performance may be lower or higher. Investment return and principal value of an investment will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. Performance at NAV does not include the effect of sales charges. Performance includes the reinvestment of income, dividends and capital gain distributions.

An investor should consider a fund's investment objectives, risks, charges and expenses carefully before investing. This and other important information can be found in the fund's prospectus. Obtain a prospectus online and read carefully before investing.

Investments in stocks, bonds and mutual funds:
NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE

Evergreen mutual funds are distributed by Evergreen Investment Services, Inc., 200 Berkeley Street, Boston, MA 02116.

Evergreen mutual funds may be offered only to persons in the United States and by way of a prospectus. This Web site should not be considered a solicitation or offering of any investment products or services to investors residing outside the United States.