(16) You are given the following with respect to the performance of Turki mutual fund as well as its index benchmark over the last three years (data are semi-annual). You need to calculate the annualized tracking error for this three-year period.

Period	Returns of Turki Mutual Fund	Benchmark Returns
1	0.059	0.062
2	0.036	0.024
3	0.025	0.011
4	0.051	0.03
5	0.061	0.055
6	0.044	0.053