Crown ratings are just one of a number of measures used to rate past performance of funds within the market. They're provided by FE (formerly Financial Express), an independent rating agency, and are featured in Leaders Laggards and Losers as an added measure to assist you when researching funds.
There are five crown ratings used to rank funds using a benchmark, including sector averages and indices to find a 'best fit' for each fund. The funds are then assessed and provided with a crown rating (if eligible).
For more information on crown ratings please click here.