3.Using the section titled: X-Ray Details: Fees &Expenses(located in the supplemental document titled: Documents for the Case Study),answer the questions listed below.a.Comparedto a similarly weighted hypothetical portfolio, is the average mutual fund expense ratio higher or lower? b.Which fund has the highest expense ratio? Why do you think it is so high? As always, please cite your reference(s).c.Which fund has the lowest expense ratio?(Excluding THCwhich has no expense ratio: Its a Stock ) Why do you think it is low? As always, please cite your reference(s).

X-Ray Details: Fees & Expenses Portfolio Manager Create Modify Views Tools Alerts Help NEW Tracking My View My Performance X-Ray Portfolio Monitor X-Ray Overview X-Ray Details X-Ray Interpreter Stock Intersection Print Stock Stats World Regions Bond Style 0.83 1.24 Asset Class Stock Style Stock Sector Stock Type Fees & Expenses Average Mutual Fund Expense Ratio (%) Expense Ratio of Similarly Weighted Hypothetical Portfolio (9) Estimated Mutual Fund Expenses ($) Total Sales Charges Paid ($) Security Breakdown Expense Ratio Avg. Expense Ratio (9) of Category (%) 463.16 0.85 0.32 1.05 1.14 1.05 0.80 0.00 Mutual Fund Sales Charges Paid Expenses ($) 7.37 0.00 18.39 0.00 42.24 0.00 224.37 0.00 34.32 0.00 131.47 D.DO 0.00 5.00 0.00 100.00 American Century Hig DFA US Vector Equity Fidelity Short Dura BlackRock EuroFund I T. Rowe Price Equity AB Small Cap Growth Tenct Healthcare Cor Vanguard 500 Index I Percentage of Portfolio Analyzed 1.37 1.10 0.66 1.04 0.91 1.29 0.14 0.99 X-Ray Details: Fees & Expenses Portfolio Manager Create Modify Views Tools Alerts Help NEW Tracking My View My Performance X-Ray Portfolio Monitor X-Ray Overview X-Ray Details X-Ray Interpreter Stock Intersection Print Stock Stats World Regions Bond Style 0.83 1.24 Asset Class Stock Style Stock Sector Stock Type Fees & Expenses Average Mutual Fund Expense Ratio (%) Expense Ratio of Similarly Weighted Hypothetical Portfolio (9) Estimated Mutual Fund Expenses ($) Total Sales Charges Paid ($) Security Breakdown Expense Ratio Avg. Expense Ratio (9) of Category (%) 463.16 0.85 0.32 1.05 1.14 1.05 0.80 0.00 Mutual Fund Sales Charges Paid Expenses ($) 7.37 0.00 18.39 0.00 42.24 0.00 224.37 0.00 34.32 0.00 131.47 D.DO 0.00 5.00 0.00 100.00 American Century Hig DFA US Vector Equity Fidelity Short Dura BlackRock EuroFund I T. Rowe Price Equity AB Small Cap Growth Tenct Healthcare Cor Vanguard 500 Index I Percentage of Portfolio Analyzed 1.37 1.10 0.66 1.04 0.91 1.29 0.14 0.99