1. Most people are first exposed to mutual funds when selecting how to invest their retirement contributions at work.. Look up the fund BlackRock Advantage small cap core fund and use the information you find to answer the questions below. Please type all answers. A. What is the fund's expense ratio? Is this expense ratio high or low compared to the asset-weighted average fee? B. Does this fund invest in individual stocks and bonds or do they invest in other funds? Hint: Look at the top portfolio holdings ranked by amount invested - are they individual stocks and bonds or names of other funds? What is one potential benefit of investing in a fund that invests only in other funds? What is one potential negative of investing in a fund that invests only in other funds? C. Over the past 10 years, what was the total return of the fund? Note: If the fund has been open for less than 10 years report the longest performance history available. . What benchmark does the fund compare their returns to? Note: these benchmarks are selected by the fund family, so they may be biased to inflate the performance of the fund Over the past 10 years, what was the total return of the benchmark? Did the fund outperform, match, or underperform the benchmark? . D. What company manages the fund? Note - it is not always the same as the name in the fund. E. How many individual portfolio managers are there? What are their names? . . Find the link to the fund documents - for vanguard this can be found in the Fund Summary section under the small hyperlink 'View Prospectus and Reports', for Blackrock this can be found under the 'Literature' Category. Open the funds 'Statement of Additional Information' How much ownership does each manager have in the fund? This can be tricky to find - 1 would recommend using Central+E for ownership' or Centralt for a managers last name and look for the paragraph describing manager ownership (not Trustee ownership) Why may you want a manager to invest in the fund(s) they manage? Why may you not? See: Additional Resource - Fund Manager Ownership