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one decimal place. Fund x : Fund Y : Fund Z : actively managed concentrated stock-picking fund. Explain the reason for your classincation. Fund x is considered because, it in the investment weights of holdings relative to the benchmark index. Fund Y is considered Jbecause, it is concentrated than the benchmark and has holdings and investment positions. Fund z is considered because its security holdings come closer to matching the benchmark, a. Calculate the active share (AS) measure for Fund X, Fund Y, and Fund Z relative to the benchmark index. Do not rou one decimal place. \begin{tabular}{l|l} Fund X: & % \\ \hline Fund Y: & % \\ Fund Z: & % \end{tabular} b. Using active share calculations above, indicate which fund is the most likely to be considered: (i) a passive index fund, actively managed concentrated stock-picking fund. Explain the reason for your classification. Calculate the active share (AS) measure for Fund X, Fund Y, and Fund Z relative to the be one decimal place. \begin{tabular}{ll} Fund X: & % \\ Fund Y: & % \\ \hline Fund Z : & % \end{tabular} b. Using active share calculations above, indicate which fund is the most likely to be considere actively managed concentrated stock-picking fund. Explain the reason for your classificatior Fund X is considered [. because, it Fund Y is considered because, it is investment positions. Fund Z is considered because its security ho