4.Now, lets look at the allocation among different regions. In the X-Ray Details: World Regionssection(located in the supplemental document titled: Documents for the Case Study). Answer the following questions:a.Comparedto the desired World Region Allocation, should your friend invest more in the international markets? Please explain your answerin detail.b.Among the funds inyour friends portfolio, which funds are heavily invested in the international market? Should your friend buy or sell more of these fundsin order to meet the desired World Region Allocation?

X-Ray Details: World Regions Portfolio Manager Create Modify views Tools Alerts Help NEW Portfolio Monitor Print Tracking My View My Performance X-Ray X-Ray Overview X-Ray Details X-Ray Interpreter Stock Intersection Asset Class Stock Style Stock Sector Stock Type Stock Stats Fees & Expenses World Regions Bond Style % Nett 68.07 68.05 Americas North America Latin America Greater Europe United Kingdom Europe Developed Europe Emerging Africa/Middle East Greater Asia Japan Australasia Asia Developed Asia Emerging Not Classified Percentage of Portfolio Analyzed Security Breakdown 0.01 31.87 8.27 23.45 0.00 0.15 0.06 0.00 0.00 0.01 0.05 0.00 % Americas % Greater Europe % Greater Asia 9 Weight 9 Not Classified 20.67 98.29 100.00 4.10 0.00 0.00 0.00 0.00 0.00 1.24 29.19 0.00 AB Small Cap Growth American Century Hig BlackRock EuroFund I DFA US Vector Equity Fidelity Short Dura T. Rowe Price Equity Tenet Healthcare Cor Vanguard 500 Index I Percentage of Portfolio Analyzed 98.86 100.00 93.76 100.00 99.13 1.71 0.00 95.90 0.82 0.00 6.25 0.00 0.37 0.32 0.00 0.00 0.00 0.50 0.00 0.00 0.00 8.23 7.56 7.44 20.56 0.00 0.00 5.11 100.00 X-Ray Details: World Regions Portfolio Manager Create Modify views Tools Alerts Help NEW Portfolio Monitor Print Tracking My View My Performance X-Ray X-Ray Overview X-Ray Details X-Ray Interpreter Stock Intersection Asset Class Stock Style Stock Sector Stock Type Stock Stats Fees & Expenses World Regions Bond Style % Nett 68.07 68.05 Americas North America Latin America Greater Europe United Kingdom Europe Developed Europe Emerging Africa/Middle East Greater Asia Japan Australasia Asia Developed Asia Emerging Not Classified Percentage of Portfolio Analyzed Security Breakdown 0.01 31.87 8.27 23.45 0.00 0.15 0.06 0.00 0.00 0.01 0.05 0.00 % Americas % Greater Europe % Greater Asia 9 Weight 9 Not Classified 20.67 98.29 100.00 4.10 0.00 0.00 0.00 0.00 0.00 1.24 29.19 0.00 AB Small Cap Growth American Century Hig BlackRock EuroFund I DFA US Vector Equity Fidelity Short Dura T. Rowe Price Equity Tenet Healthcare Cor Vanguard 500 Index I Percentage of Portfolio Analyzed 98.86 100.00 93.76 100.00 99.13 1.71 0.00 95.90 0.82 0.00 6.25 0.00 0.37 0.32 0.00 0.00 0.00 0.50 0.00 0.00 0.00 8.23 7.56 7.44 20.56 0.00 0.00 5.11 100.00