Mutual funds 2016. On December 30, 2016, the Standard and Poor’s (S&P) 500 index hit an all-time high. During 2016, the S&P returned 12.25%. Here is a histogram of the 2016 net returns (total return – annual expenses) for Money Magazine’s 50 Best Mutual Funds and ETFs (time

.com/money/4616747/best-mutual-funds-etfs-money-50/).

a) From the histogram, give a short summary of the distribution (shape, center, spread, unusual features).

b) In general, how did these funds perform compared to the S&P 500?